Report of the Trustees For the year ended 31 March 2025
The Trustees present their annual report together with the financial statements of Red Sky Foundation (the Charity) for the year ended 31 March 2025. The Trustees, who are also directors for the purposes of the Companies Act 2006, have adopted the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
Objectives and Activities
The Charity’s objectives are to relieve sickness and preserve the health and wellbeing of individuals across the North East of England and wider areas of the United Kingdom. Red Sky Foundation supports babies, children and adults living with complex heart conditions and extends this support to their families. The Charity delivers its objectives through:
-
The provision of grants to individuals, families, local community groups, health services and other charitable organisations;
-
Funding specialist medical equipment and machinery;
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Education programmes focused on heart health, healthy lifestyles, CPR and the use of defibrillators.
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The provision of counselling and wellbeing support for individuals and families affected by cardiac illness.
A key objective of the Charity is the preservation of life through the provision of life-saving defibrillators for schools, grassroots sports teams, community organisations and public spaces. This is supported by specialist training and education sessions delivered to members of the public on CPR and defibrillator use.
Public Benefit
The Trustees have had regard to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims, objectives and activities and when planning future work. The Trustees confirm that the Charity’s activities are carried out for the public benefit. All charitable activities focus on improving and saving the lives of people of all ages who are born with, or who develop, complex heart conditions, and on supporting their families. The Charity also aims to reduce deaths from sudden cardiac arrest through the provision of equipment, training and awareness-raising activities.
The Trustees review the Charity’s aims, objectives and activities annually. This review considers achievements and outcomes over the previous year, evaluates the effectiveness of key activities and considers any barriers or challenges encountered, ensuring that services remain appropriate and effective.
Achievements and Performance
While the Charity’s objectives are not restricted to a specific geographical area, much of the Charity’s activity during the year continued to focus on the North East of England. NHS data indicates that the region continues to experience high levels of cardiac illness and mortality, alongside significant socioeconomic deprivation. The ongoing cost of living crisis has also placed additional pressure on individuals and families living with heart conditions. The Charity works with community groups, schools, workplaces, families and individuals
from a wide range of socioeconomic backgrounds. The Charity’s work is supported by local authorities, social work teams within hospital settings and health organisations, and is recognised across parts of the NHS as providing vital support to beneficiaries.
Education, Training and Awareness
During the year, Red Sky Foundation delivered a wide range of education and awareness activities aimed at improving understanding of heart health, CPR and the use of defibrillators.
Key activity during the year included:
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Visits to 39 schools and academies, delivering heart health, CPR and defibrillator training;
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Delivery of sessions in 31 community hubs, community centres, workplaces and sporting clubs;
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Public presentations at sporting events and shopping centres across the North East;
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Delivery of education sessions reaching over 30,000 individuals.
As an example of impact, the Charity worked with schools across Sunderland, Durham, South Tyneside and Newcastle, ensuring that both staff and pupils were equipped with the confidence and practical skills to respond in the event of a cardiac emergency. Feedback from participants consistently highlighted increased confidence and willingness to intervene in real-life situations.
The Charity continued to expand its education programme by working with approved training partners, enabling sessions to be delivered to a wider range of community groups while maintaining consistent standards. A strong emphasis was placed on promoting healthier lifestyles, including small, achievable improvements to diet and physical activity, to support long-term heart health.
Equipment and Community Safety
Improving community safety and increasing survival rates following out-of-hospital cardiac arrest remained a core focus during the year.
The Charity donated 100 defibrillators to grassroots football clubs across the North East through a partnership with Grassroots Football UK. This programme ensured that teams participating in local leagues were equipped with pitch-side defibrillators, following incidents where bystander CPR and rapid defibrillation had already been shown to save lives. All defibrillators provided by the Charity are registered on the national defibrillator network and with local emergency services, ensuring they can be accessed quickly when required. During the year, the Charity invested in additional interactive CPR kiosks, bringing the total number in service to four. These kiosks, located in high-footfall public venues including Teesside International Airport, Sunderland City Hall and Gateshead College, provide members of the public with the opportunity to learn and practice life-saving skills independently.
The Charity also partnered with Durham Police Constabulary to fund the installation of community defibrillators outside police stations. This initiative supports wider access to lifesaving equipment and has created the opportunity for future collaboration across additional police force areas.
Support for Families and Individuals
The Charity continued to provide direct support to families and individuals affected by cardiac illness, recognising the financial, emotional and practical pressures faced during diagnosis, treatment and recovery.
The family hardship fund, introduced in the previous year, provided financial assistance to families experiencing hardship as a result of cardiac illness. Support included assistance with travel costs, food, household bills, rent and mortgage payments, helping to reduce immediate financial stress during critical periods.
The Charity’s counselling service remained in high demand. Since the service began in 2023, specialist counselling has been provided to individuals and families experiencing PTSD heart
pre / post-surgery, cardiac related illnesses, bereavement and this is delivered via our charity partner IMPACT North-East (Revivor).
Hospital and Clinical Support
Red Sky Foundation continued to work closely with specialist cardiac units at the Freeman Hospital, Sunderland Royal Hospital, James Cook Hospital and Great Ormond Street Hospital.
During the year, the Charity committed £292,500 to support the XVIVO paediatric organ transplant project at the Freeman Hospital. Following an internal NHS decision to loan the equipment from the manufacturer pending certification, £200,000 of the funds originally earmarked for equipment purchase were returned to the Charity, with £92,500 retained by the Hospital Trust to support the first five children’s transplant procedures.
The Charity also funded accommodation for parents through The Sick Children’s Trust at Scott House, including support for transition accommodation following paediatric heart transplants, and continued to fund healthy food provision for families during hospital stays.
Summary of Delivery Themes and Impact
During the year, the Charity’s activities reflected a small number of consistent delivery themes, through which impact was achieved at scale across communities, hospitals and families.
1. Prevention, preparedness and early intervention
A significant proportion of the Charity’s work focused on preventing avoidable cardiac incidents and improving outcomes when emergencies occur. This included large-scale education programs promoting heart health, healthy lifestyles and early intervention, alongside practical training in CPR and defibrillator use. By working in schools, community settings, workplaces and public venues, the Charity aimed to increase confidence, awareness and willingness to act among members of the public.
2. Community safety and access to life-saving equipment
The Charity prioritised improving access to defibrillators in locations where cardiac risk and footfall were high, including grassroots sports clubs, public venues and community spaces. Equipment was deployed following needs assessments and registered with emergency services, supported by local guardians and partners to ensure availability and ongoing maintenance. This work was designed to strengthen community resilience and improve survival rates following out-of-hospital cardiac arrest.
3. Support for families affected by cardiac illness
Recognising the impact of cardiac illness beyond clinical treatment, the Charity provided practical, emotional and financial support to families and individuals. This included hardship funding to alleviate financial pressure, counselling and trauma support, and respite opportunities for families during prolonged periods of treatment or recovery. These interventions were intended to reduce stress, support wellbeing and enable families to focus on care and recovery.
4. Partnership with hospitals and specialist services
The Charity continued to work closely with specialist cardiac units and healthcare professionals to identify areas where charitable support could enhance patient care and family experience. Funding was directed towards specialist equipment, accommodation for families, nutritional support and initiatives designed to improve outcomes and patient journeys. All hospital-related support was delivered in collaboration with clinical partners to ensure appropriateness and effectiveness.
5. Collaboration and delivery at scale
Across all activity areas, the Charity operated through partnership working with statutory services, community organisations, volunteers and supporters. This collaborative approach enabled delivery at scale while maintaining strong local relationships and responsiveness to need.
Together, these themes demonstrate how the Charity’s activities during the year were aligned to its charitable objectives and delivered tangible public benefit across prevention, response and recovery.
Fundraising and Income Generation
Despite the challenging economic climate, the Charity achieved strong fundraising results during the year through a diverse range of activities, including:
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Participation by 439 adult runners in the Great North Run 2024, generating over £57,500;
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A successful Red Sky Ball raising over £203,000 in unrestricted funds;
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The White Party, raising over £25,000;
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Annual cycling and golf events;
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A skydiving fundraising event raising over £25,000;
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Digital fundraising through online platforms;
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The placement of over 150 clothing recycling units across the North East.
Financial Review
Principal Sources of Funding
The Charity’s principal sources of income continue to be fundraising events, individual donations and corporate support. The Trustees express their sincere thanks to all supporters, volunteers and partners for their contributions during the year.
Reserves Policy
The Trustees’ policy is to maintain sufficient unrestricted reserves to cover up to 12 months of operating costs and potential emergency grant requests, estimated at £200,000. The reserves policy is reviewed annually.
At 31 March 2025, the Charity held total funds of £645,997 (2024: £671,058). Income for the year amounted to £865,193 (2024: £875,320). Expenditure increased during the year to £890,524 (2024: £555,550), resulting in a net reduction in reserves of £25,061. The Trustees recognise the challenging funding environment and the increasing demand for the Charity’s services. During the year, the Trustees sought to balance the delivery of vital services with the need to protect the Charity’s financial sustainability.
Future Plans
The Trustees remain committed to investing in the Charity’s strategic development and organisational resilience. Future priorities include:
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Generating additional unrestricted income;
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Investing in innovative technology and equipment;
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Recruiting staff and subcontractors with specialist expertise;
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Strengthening organisational systems, including the use of a customer relationship management system;
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Maintaining and developing partnerships with local authorities, the NHS and other stakeholders;
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Expanding the reach of specialist services and hardship funding.
Structure, Governance and Management
Governing Document
The Charity is governed by its governing document and is a charitable company limited by guarantee under the Companies Act 2006.
Trustees
Trustees are appointed based on skills, experience and commitment to the Charity’s objectives. New Trustees receive an induction including relevant governance guidance, recent minutes and financial information.
The Charity is managed on a day-to-day basis by the Chief Executive Officer, with strategic oversight provided by the Board of Trustees.
Pay Policy
Trustees give their time voluntarily and receive no remuneration. The remuneration of senior staff is reviewed annually by the Board and benchmarked against comparable roles within the sector.
This report was approved by the Board of Trustees on 8 January 2026 and signed on its behalf by:
Ben Robinson
Chair of the Board of Trustees
Charity registration number: 1188683
RED SKY FOUNDATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Avery Martin Accountants Salvus House Aykley Head Durham DH1 5TS
Red Sky Foundation Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Statement of Cash Flows | 7 |
| Notes to the Statement of Cash Flows | 8 |
| Notes to the Financial Statements | 9—14 |
Red Sky Foundation Trustees' Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
The objectives of the CIO (Objects) are to relieve sickness and preserve the health of individuals across North East England, by assisting in the provision of grants, equipment & awareness, in particular, but not limited to:
- 3.1 The provision of grants to local health services and other charitable organisations.
3.2 Providing services defibrillators for local schools and public places.
3.3 Providing training and education to general public on the of defibrillators and CPR, to advance support for babies, children & adults with heart problems and their families.
Public Benefit
Public benefit entity – The charity’s financial statements are prepared under FRS 102 and the Charities SORP (FRS 102). Red Sky Foundation is considered a public benefit entity as defined by FRS 102; its primary objective is to provide services and support for the public good rather than generate profits. The accounts therefore adopt the special rules applicable to public benefit entities.
Public benefit reporting – The trustees have complied with section 17 of the Charities Act 2011 and confirm that they have had due regard to the Charity Commission’s guidance on public benefit. In the Trustees’ report, they set out a detailed review of the charity’s aims, principal activities and achievements during the year and explain how these activities have furthered the charity’s purposes for public benefit. The trustees assess, on a continuous basis, whether the charity’s programs and campaigns are delivering benefits that are accessible to the intended beneficiaries and wider public.
Activities and service delivery – The charity exists to pursue its charitable purposes for the benefit of the public. Changes in how the charity delivers services (for example, moving from residential to community-based outreach) do not constitute discontinued operations under SORP because the charity continues to provide public benefit. The accounts reflect this by presenting all activities as continuing unless the charity’s purpose ceases.
‑ Disclosure of private benefit and related party transactions – The trustees acknowledge that any private benefit arising from the charity’s activities must be incidental to the furtherance of its charitable purposes. The charity recognises all related ‑ party transactions, including trustee remuneration, reimbursement of expenses and transactions with connected persons. These are disclosed in the notes to the financial statements to provide assurance that transactions are undertaken for the charity’s benefit and do not confer undue private benefit. Trustee indemnity insurance premiums are also disclosed where provided.
Judgements and assumption s – In preparing the financial statements, the trustees make judgements and estimates in accordance with FRS 102. They ensure that these judgements are consistent with the charity’s status as a public benefit entity and are oriented towards delivering benefits to beneficiaries and the public. If there are any changes in accounting policies or significant estimates, the reasons for these changes and their impact on the financial statements are disclosed.
Conclusion – This policy affirms the trustees’ commitment to maintaining Red Sky Foundation’s focus on public benefit. The charity’s financial statements and narrative report together demonstrate how its resources are deployed to advance its ‑ charitable purposes for the public and provide transparency around governance, remuneration and related party transactions.
This policy explains the charity’s compliance with UK law and the Charities SORP (FRS 102), confirms that the Foundation is a public benefit entity, and sets out how the trustees demonstrate compliance with the Charity Commission. It covers and clarifies that changes in service delivery do not constitute discontinued operations.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Reference and Administrative Details
Trustees
Mr Glenn Martin - Trustee Mr Benjamin Robinson - Chair Mrs Chinny Patnik - Trustee Mrs Jodine Milne-Reader - Trustee Mrs Emma Petrucci MBE - Trustee Mr David Bartell - Trustee
Page 1
Red Sky Foundation Trustees' Report (continued) For The Year Ended 31 March 2025
Charity Number
1188683
Independent Examiner
Avery Martin Accountants AIA Avery Martin Accountants Institute of Financial Accountants Salvus House Aykley Head Durham DH1 5TS
Page 2
Red Sky Foundation Trustees' Report (continued) For The Year Ended 31 March 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Benjamin Robinson
Chair 20th December 2025
Page 3
Red Sky Foundation Independent Examiner's Report to the Trustees of Red Sky Foundation For The Year Ended 31 March 2025
I report to the trustees on my examination of the accounts of Red Sky Foundation (the Trust) for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of International Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and contents 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.
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 accounts to be reached.
Avery Martin Accountants AIA 20th December 2025 Salvus House Aykley Head Durham DH1 5TS
Page 4
Red Sky Foundation Statement of Financial Activities For The Year Ended 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities Other 4 EXPENDITURE ON: Raising funds 5 Separate material item of expenditure Other NET (EXPENDITURE)/INCOME Transfers between funds 15 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 15 |
2025 2024 Unrestricted funds Restricted funds Total funds Unrestricted funds £ £ £ £ 501,957 - 501,957 459,511 363,236 - 363,236 - - - - 415,809 |
|---|---|
| 865,193 - 865,193 875,320 |
|
| (882,870) - (882,870) (555,050) (2,966) - (2,966) - (4,418) - (4,418) - |
|
| (890,254) - (890,254) (555,050) |
|
| (25,061) - (25,061) 320,270 (465,000) 465,000 - - |
|
| (490,061) 465,000 (25,061) 320,270 671,058 - 671,058 350,788 |
|
| 180,997 465,000 645,997 671,058 |
The notes on pages 8 to 14 form part of these financial statements.
Page 5
Red Sky Foundation Statement of Financial Position As At 31 March 2025
| Notes FIXED ASSETS Tangible Assets 9 Debtors 10 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 11 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling Due After More Than One Year 12 NET ASSETS FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds TOTAL FUNDS 15 |
Unrestricted funds Restricted funds £ £ 44,015 - |
2025 2024 Total funds Total funds £ £ 44,015 37,465 |
|---|---|---|
| 44,015 - 44,204 - 151,883 465,000 |
44,015 37,465 44,204 56,564 616,883 622,575 |
|
| 196,087 465,000 (40,444) - |
661,087 679,139 (40,444) (45,546) |
|
| 155,643 465,000 |
620,643 633,593 |
|
| 199,658 465,000 |
664,658 671,058 |
|
| (18,661) - |
(18,661) - |
|
| 180,997 465,000 |
645,997 671,058 |
|
| 465,000 - 180,997 671,058 |
||
| 645,997 671,058 |
On behalf of the board
Mr Benjamin Robinson
Chair
20th December 2025
Page 6
Red Sky Foundation Statement of Financial Position As At 31 March 2025
The notes on pages 8 to 14 form part of these financial statements.
Page 7
Red Sky Foundation Statement of Cash Flows For The Year Ended 31 March 2025
| Cash flows from operating activities Notes Net cash (used in)/generated from operations 1 Interest paid Net cash (used in)/generated from operating activities Cash flows from investing activities Purchase of tangible assets Cash flows from financing activities Repayment of finance leases (Decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year 2 Cash and cash equivalents at end of year 2 |
2025 £ (15,296) (2,507) (17,803) (6,550) 18,661 (5,692) 622,575 616,883 |
2024 £ 309,252 - |
|---|---|---|
| 309,252 | ||
| (34,544) | ||
| - | ||
| 274,708 - |
||
| 274,708 |
Page 8
Red Sky Foundation Notes to the Statement of Cash Flows For The Year Ended 31 March 2025
1. Reconciliation of (expenditure)/income to cash (used in)/generated from operations
| . Reconciliation of (expenditure)/income to cash (used in)/generated from opera | tions | |
|---|---|---|
| Net (expenditure)/income Adjustments for: Interest expense Movements in working capital: Decrease/(increase) in trade and other debtors (Decrease)/increase in trade and other creditors Net cash (used in)/generated from operations |
2025 £ (25,061) 2,507 12,360 (5,102) (15,296) |
2024 £ 320,270 - (56,564) 45,546 |
| 309,252 |
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
| Cash at bank and in hand .Analysis of changes in net funds Cash at bank and in hand Finance leases |
2025 £ 616,883 As at 1 April 2024 Cash flows £ £ 622,575 (5,692) - (18,661) |
2024 £ 622,575 |
|---|---|---|
| As at 31 March 2025 £ 616,883 (18,661) |
||
| 622,575 (24,353) |
598,222 |
3. Analysis of changes in net funds
Page 9
Red Sky Foundation Notes to the Financial Statements For The Year Ended 31 March 2025
1. General Information
Red Sky Foundation is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1188683. The principal address is Red Sky Foundation, North Sands Business Centre, Liberty Way, Sunderland, SR6 0QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
This accounting policy explains how Red Sky Foundation (the charity) recognises and measures incoming resources for inclusion in the annual accounts prepared under the Charities SORP (FRS 102). It is based on the general rules in the SORP that income is recognised in the statement of financial activities (SoFA) when an event results in an increase in the charity’s assets or a reduction in its liabilities and when three criteria are satisfied: entitlement, probability and measurement.
General recognition rules
Income is recorded gross when raised by the charity or its agents. Three tests must be met:
Entitlement – the charity has control over the rights or other access to the economic benefit. For example, a donation is recognised when the charity becomes unconditionally entitled to the funds.
Probability – it is more likely than not that the economic benefits will flow to the charity. If it is uncertain that income will be received, recognition is deferred.
Measurement – the monetary value of the incoming resources and any associated costs can be measured reliably.
Where income is received for which the charity has not yet met the conditions of entitlement or where there is uncertainty as to its receipt, the income is deferred and shown as a liability until the conditions are satisfied hfma.org.uk
.
Categories of incoming resources
1. Donations and grants (voluntary income)
Recognition – Donations and grants are recognised when there is evidence of entitlement, receipt is probable and the ‑ amount can be measured reliably. The SORP does not permit the use of the government grant accrual model.
Terms and conditions – Performance ‑ related conditions or other conditions (for example matched funding or planning consent) mean that the charity does not have unconditional entitlement until the conditions are met. In such cases, income is not recognised but deferred until it is probable the conditions can be met.
Restrictions vs. conditions – A restriction on the use of a donation (e.g., funds restricted to a particular project) does not prevent recognition; it simply affects fund classification (restricted/unrestricted).
Legacies – Legacies are recognised when the charity is aware of the existence of a valid will and the donor’s death and when probate has been granted, there are sufficient assets in the estate to pay the legacy and any conditions are within the charity’s control. If the amount cannot be estimated reliably the legacy is treated as a contingent asset until these conditions are met.
2. Income from contracts for the supply of goods and services (charitable activities)
Classification – Income from contracts is generally considered unrestricted because it is earned rather than donated.
Sale of goods – Entitlement occurs when the significant risks and rewards of ownership transfer to the buyer. Income is recognised when the goods are supplied and when the income and costs can be measured reliably.
Provision of services – Income is recognised with the delivery of the contracted service when the stage of completion, costs incurred and costs to complete can be measured reliably. Appropriate methods (proportion of costs incurred, surveys of work performed or time spent) are used to determine the stage of completion
Measurement – Income is recognised at the fair value of consideration received or receivable, adjusted for extended credit terms if material.
...CONTINUED
Page 10
Red Sky Foundation Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
2.2. Incoming Resources - continued
3. Donated goods, facilities and services
Recognition criteria – Donations of goods, facilities and services are recognised when entitlement, probability and measurement criteria are met. In most cases there are no performance ‑ related conditions and restrictions on use do not prevent recognition.
Measuremen t – Donated goods are measured at fair value unless it is impractical to measure reliably. Where fair value cannot be established, goods donated for resale are recognised when they are sold.
Facilities and services – Donated facilities and services that the charity would otherwise have purchased must be recognised at the value to the charity (i.e., the amount it would have paid on the open market). An equivalent expense is recorded under the relevant SoFA heading
assets.publishing.service.gov.uk. Services provided by general volunteers are not recognised due to difficulties in reliable measurement, but the scale and nature of their contribution are disclosed in a note.
Donated fixed assets – Goods donated for ongoing use are recognised as tangible fixed assets with a corresponding gain recognised as income. They are depreciated and assessed for impairment like other fixed assets.
4. Membership subscriptions
Subscriptions are analysed to determine whether they are donations or payment for benefits. Where subscriptions provide the member with services or benefits, income is recognised when the service is provided (as income from charitable activities). When the substance of the subscription is a gift, it is treated as a donation and recognised on the same basis as other donations.
5. Investment income (interest, royalties and dividends)
Income from interest, dividends and royalties is recognised when receipt is probable and the amount can be measured ‑ reliably. Interest is recognised using the effective interest method where required by FRS 102.
6. Fundraising events and trading activities
Receipts from fundraising events (e.g., sponsored walks, raffles) and the sale of promotional merchandise are recognised gross when the event occurs or the goods are supplied, provided that entitlement, probability and measurement criteria are met. Costs of staging events are not netted against the income but recorded separately as fundraising expenses.
Deferred income and contingent assets
Income with unmet conditions or uncertainty is recognised as a liability (deferred income) until it is probable the charity will meet the conditions. If receipt is probable but the amount cannot yet be measured reliably (for example, a legacy whose value cannot yet be estimated), it is disclosed as a contingent asset.
Disclosure requirements
The charity will disclose in the notes to the accounts:
The accounting policy for each material category of incoming resources (as set out above).
The nature and amount of donated goods, facilities and services recognised in the accounts and any unfulfilled conditions attached to such gifts.
Information about other forms of resources from which the charity has benefited but not recognised (e.g., voluntary help), to give users an understanding of the scale of volunteer involvement.
Application to Red Sky Foundation
Red Sky Foundation’s incoming resources include donations from the public and corporate supporters, grants from funding bodies, fundraising events, sale of merchandise, and income from investments. The charity will classify and recognise incoming resources according to the principles above. Donations, grants and legacies will be accounted for when the charity gains entitlement and it is probable and measurable; contractual income will be recognised as the charity performs its obligations; donated goods and services will be recognised at fair value where measurable; and investment income will be recognised when earned. This policy ensures that the charity’s accounts provide a fair and consistent reflection of the income it receives and complies with the Charities SORP and FRS 102.
Page 10
Red Sky Foundation Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance Motor Vehicles 25% Reducing Balance Computer Equipment 33% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities as incurred.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| . Income from Donations and Legacies | |
|---|---|
| Donations and gifts Other . Other Income Other income type A |
2025 Unrestricted funds £ 2024 Unrestricted funds £ 469,411 459,511 32,546 - |
| 501,957 459,511 |
|
| 2025 2024 Unrestricted funds Unrestricted funds £ £ - 415,809 |
4. Other Income
5. Analysis of Expenditure
| .Analysis of Expenditure | ||||
|---|---|---|---|---|
| 2025 | ||||
| Activities | Grant | Support | ||
| undertaken | funding of | costs | ||
| directly | activities | (see note 6) | Total | |
| £ | £ | £ | £ | |
| Raising funds | 507,319 | 173,867 | 201,684 | 882,870 |
Page 11
Red Sky Foundation Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| Raising funds 6. Support Costs Employee costs Premises expenses General administration Interest payable Employee costs Premises expenses General administration 7. Staff Costs Staff costs were as follows: Wages and salaries Social security costs Other pension costs |
Activities undertaken directly £ 189,035 |
Grant funding of activities £ 247,379 |
Grant funding of activities £ 247,379 |
Support costs (see note 6) £ 118,636 |
2024 Total £ 555,050 |
|---|---|---|---|---|---|
| 2025 £ 94,328 4,284 4,523 103,135 |
2025 Raising funds £ 108,196 20,574 70,407 2,507 |
||||
| 201,684 | |||||
| 2024 Raising funds £ 89,968 13,552 15,116 |
|||||
| 118,636 | |||||
| 2024 £ 78,786 3,861 4,288 |
|||||
| 86,935 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
- Average Number of Employees
Average number of employees during the year was: 3 (2024: )
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Red Sky Foundation Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
9. Tangible Assets
| Plant & Machinery Motor Vehicles Computer Equipment £ £ £ Cost As at 1 April 2024 2,921 34,544 - Additions 2,017 - 4,533 As at 31 March 2025 4,938 34,544 4,533 Net Book Value As at 31 March 2025 4,938 34,544 4,533 As at 1 April 2024 2,921 34,544 - 10. Debtors 2025 £ Due within one year Trade debtors 44,204 11.Creditors: Amounts Falling Due Within One Year 2025 £ Trade creditors 36,711 Other creditors 227 Taxation and social security 2,506 Accruals and deferred income 1,000 40,444 12.Creditors: Amounts Falling Due After More Than One Year 2025 £ Net obligations under finance lease and hire purchase contracts 18,661 13.Obligations Under Finance Leases and Hire Purchase 2025 £ The future minimum finance lease payments are as follows: Later than one year and not later than five years 18,661 |
Total £ 37,465 6,550 |
|---|---|
| 44,015 | |
| 44,015 | |
| 37,465 | |
| 2024 £ 56,564 |
|
| 2024 £ 37,430 6,144 1,972 - |
|
| 45,546 | |
| 2024 £ - |
|
| 2024 £ - |
14. Pension Commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £4,523 (2024: £0).
At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.
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Red Sky Foundation Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
15. Movement in Funds
| Unrestricted funds General: General unrestricted fund Restricted funds Police Force - Defib Campaign Property Cost Fund Hardship Fund. R&D Research Fund. Total restricted funds Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 April 2024 £ 671,058 - - - - |
Income Expenditure Transfers As at 31 March 2025 £ £ £ £ 865,193 (890,254) (465,000) 180,997 - - 200,000 200,000 - - 140,000 140,000 - - 50,000 50,000 - - 75,000 75,000 |
|---|---|---|
| - | - - 465,000 465,000 |
|
| 671,058 | 865,193 (890,254) - 645,997 |
|
| As at 1 April 2023 Income Expenditure As at 31 March 2024 £ £ £ £ 350,788 875,320 (555,050) 671,058 |
||
| 350,788 875,320 (555,050) 671,058 |
16. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
17. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
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