Docusign Envelope ID: B27966DC-3BBE-8050-824A-C85FE13B265D
Charity number: 1190942
BUDDY UP
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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| BUDDY UP | |
|---|---|
| CONTENTS | |
| Page | |
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Independent Examiner's Report | 6 - 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 23 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Trustees Warren Christopher Townsend, Chairman Rowan Ring, Trustee Beth Alexandra Wilson, Trustee (resigned 5 November 2025) Holly Bloom, Trustee (appointed 5 November 2025)
Charity registered number 1190942 Principal office 254A Chessington Road Ewell Epsom Surrey KT19 9XF Independent examiner MHA First Floor North Global House High Street Crawley RH10 1DL
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TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Trustees present their annual report and financial statements for the year ended 30 September 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's constitution, the Charities Act 2011 and the Charities Statement of Recommended Practice (2019) and Financial Reporting Standard FRS 102.
Objectives and activities
a. Policies and objectives
The purpose of Buddy Up (as set out in our governing document) is to advance in life and help young people aged 8-17 through providing support and activities which develop their skills, capacities, and capabilities to enable them to participate in society as mature and responsible individuals.
The Trustees are pleased that the achievements and performance of Buddy Up, as set out above, demonstrate the Charity Commission’s guidance on public benefit is being enacted.
b. Strategies for achieving objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
c. Grants policies
All monies received from grant funding is spent for the purpose set out in the Charity's objectives and activities and is evidenced through our accounts.
Achievements and performance
a. Main achievements of the Charity
Buddy Up has seen another increase in its delivery this year, both in team and students.
As well as the two full-time mentors, we now have an additional three mentors working smaller contracts, bringing our delivery team to five. Additionally, we have begun supporting more students, now working across ten schools in Surrey. This means the team is seeing nearly fifty students a week. This is the largest number of students we have seen since beginning delivery in 2020.
This year we also saw the departure of Beth, a long-standing trustee, which was a huge loss to the Charity. On the positive side, Holly joined us in her place. She has been a welcome addition with vast, relevant experience which has also been put to use through supervision of some of our mentors.
This year also saw Buddy Up win two big awards for our mentoring, which was a huge achievement and evidence of all the work the team has put in. We were also fortunate to be invited to the Houses of Parliament in recognition of the work we are doing in the community. Another first for the Charity.
We continue to ask our schools for funding as well as supplementing this with grant applications. This year we received funding from The National Lottery and The Surrey Police and Crime Commissioner, to name a few.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Achievements and performance (continued)
We have also begun offering lessons and workshops, supporting schools who have identified certain behaviours amongst their cohorts that are concerning them. This is something we hope to expand on in the next financial year.
Andy continues to apply for grants in his spare time and hopes these still remain a successful way to fund our delivery.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
At the year end, the Charity had a deficit of unrestricted funds totalling £296 (2024 - £7,531 deficit), and restricted funds of £NIL (2024 - £NIL). Actions have been taken in the period since the year end to reduce expenditure and, in addition to further grant funding, has achieved a surplus position once again at the date of signing these financial statements.
b. Reserves policy and financial review
In our last financial year, we have received £36,060 (2024 - £3,910) in donations and £36,563 (2024 - £27,000) in awarded grants. Additionally, £12,022 (2024 - £4,760) has been received directly from schools. The majority of our income goes towards wages, mentoring fees, travel and expenses.
The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately 6 months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to cover salaries and expenses based on a normal period of delivery.
c. Principal funding
The Charity’s income is mostly dependent on grants and donations. Our mentoring remains free to the service user and our aim is that this remains the case.
During the year, the Charity began to charge schools for the provision of mentoring services to aid with funding. These services are still subsidised by the Charity, with the income from the schools covering a portion of the full cost.
Structure, governance and management
a. Constitution
Buddy Up is a registered charitable incorporated organisation, with charity number 1190942, and is constituted under a constitution. As such it has a company number CE023642, but does not fall under Companies Act 2006 regulations nor is it required to file with Companies House.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
New trustees are appointed by the existing trustees and serve for five years, after which they may put themselves forward for re-appointment. The governing document provides for a minimum of three trustees. There is no maximum limit.
c. Organisational structure and decision-making policies
The trustees meet at least four times a year. At these meetings, the trustees agree the broad strategy and areas of activity for the charity. The trustees review policies and performance, the day-to-day delivery, and the financials of the charity.
The trustees consider the board of trustees and the chief executive as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. Trustees are required to disclose all relevant interests and register them with the CEO and in accordance with the Trust’s policy withdraw from decisions where a conflict of interest arises.
d. Policies adopted for the induction and training of Trustees
On appointment, new trustees sign a trustee declaration statement committing them to giving of their time and expertise. There is a formal induction programme for any newly appointed trustee, which includes an initial meeting with the Chair and the trustees, followed by a series of short meetings with the CEO to gain a greater understanding of the charitable purposes, the grant making process, powers, and responsibilities of the trustee. They are tasked with familiarising themselves with the governing document, review previous meetings minutes and the financial history of the charity.
e. Pay policy for key management personnel
The pay of the charity’s CEO is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity and its economy of operations, the trustees consider the remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.
f. Related party relationships
The Charity is not part of a wider network.
g. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................
Warren Christopher Townsend Chairman
Date: July 28, 2026
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INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025
Independent Examiner's Report to the Trustees of Buddy Up ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity'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 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters, other than those fully detailed below, have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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 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.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Disclosure Section
I noted that the Charity's funds were in a negative position at year end. I checked the latest available management information and bank statements at the date of signing this report, and I can confirm that, based on the information provided, the Charity no longer has negative funds and is solvent. As such, my report is not qualified in this regard.
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INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
July 28, 2026 Signed: Dated:
David Boosey BA (Hons) FCA
MHA
Gatwick, United Kingdom
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Note Income from: Donations, grants and schools 2 Other trading activities 4 Investments 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 67,542 4,323 16 71,881 167 64,479 64,646 7,235 (7,531) 7,235 (296) |
Restricted funds 2025 £ 17,103 - - 17,103 - 17,103 17,103 - - - - |
Total funds 2025 £ 84,645 4,323 16 88,984 167 81,582 81,749 7,235 (7,531) 7,235 (296) |
Total funds 2024 £ 35,670 - 40 35,710 - 85,509 85,509 (49,799) 42,268 (49,799) (7,531) |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 23 form part of these financial statements.
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BALANCE SHEET AS AT 30 SEPTEMBER 2025
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 14 Net current liabilities Total assets less current liabilities Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
245 9,153 9,398 (10,640) |
2025 £ 946 946 (1,242) (296) (296) - (296) (296) |
409 2,701 3,110 (11,335) |
2024 £ 694 694 (8,225) (7,531) (7,531) - (7,531) (7,531) |
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Warren Christopher Townsend Chairman Date: July 28, 2026
The notes on pages 10 to 23 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. Accounting policies
1.1 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Buddy Up meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Going concern
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Trust to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
At the year end, the Charity had a deficit of unrestricted funds totalling £296 (2024 - £7,531 deficit), and restricted funds of £NIL (2024 - £NIL). Actions have been taken in the period since the year end to reduce expenditure and, in addition to further grant funding, has achieved a surplus position once again at the date of signing these financial statements.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. Accounting policies (continued)
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on the bases laid out below.
Depreciation is provided on the following basis:
Computer equipment - 33% straight-line
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. Accounting policies (continued)
1.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
1.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.10 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
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 costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
2. Income from donations, grants and schools
| Donations Grants Term payments from schools Total 2025 Donations Grants Term payments from schools Total 2024 |
Unrestricted funds 2025 £ 36,060 19,460 12,022 67,542 Unrestricted funds 2024 £ 3,910 7,000 4,760 15,670 |
Restricted funds 2025 £ - 17,103 - 17,103 Restricted funds 2024 £ - 20,000 - 20,000 |
Total funds 2025 £ 36,060 36,563 12,022 |
|---|---|---|---|
| 84,645 | |||
| Total funds 2024 £ 3,910 27,000 4,760 |
|||
| 35,670 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
3. Analysis of grants
| Albert Hunt Ashworth Trust Bentley Advancing Life Chances Community Foundation for Surrey Co-op Local Community Fund Epsom Fireworks Homes for Ukraine KFC Foundation Michael and Betty Little Trust National Lottery Community Fund Shanly Foundation Surrey Community Crisis Fund Surrey County Council Surrey PCC Tesco Stronger Starts 4. Income from other trading activities Income from fundraising events Fundraising events 5. Investment income |
Unrestricted funds 2025 £ 4,323 |
2025 £ 2,000 3,200 480 6,160 500 - - 3,000 - 10,800 - - 658 8,640 1,125 36,563 Total funds 2025 £ 4,323 |
2024 £ - - - - - 1,000 5,000 2,500 6,000 - 1,000 10,000 - - 1,500 |
|---|---|---|---|
| 27,000 | |||
| Total funds 2024 £ - |
|||
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Bank interest receivable | 16 | 16 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. Investment income (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Bank interest receivable | 40 | 40 |
6. Expenditure on raising funds
Fundraising trading expenses
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Fundraising events | 167 | 167 | - |
7. Analysis of expenditure on charitable activities
Summary by fund type
| Mentoring services Mentoring services |
Unrestricted funds 2025 £ 64,479 Unrestricted funds 2024 £ 65,509 |
Restricted funds 2025 £ 17,103 Restricted funds 2024 £ 20,000 |
Total 2025 £ 81,582 |
|---|---|---|---|
| Total 2024 £ 85,509 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. Analysis of expenditure by activities
| Mentoring services Mentoring services Analysis of direct costs Staff costs Mentor fees Travel Total 2025 |
Activities undertaken directly 2025 £ 73,358 Activities undertaken directly 2024 £ 74,406 |
Support costs 2025 £ 8,224 Support costs 2024 £ 11,103 Total funds 2025 £ 48,118 23,943 1,297 73,358 |
Total funds 2025 £ 81,582 |
|---|---|---|---|
| Total funds 2024 £ 85,509 |
|||
| Total funds 2024 £ 47,614 24,202 2,590 |
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| 74,406 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. Analysis of expenditure by activities (continued)
Analysis of support costs
| Depreciation Bank Charges Advertising Accountancy and payroll Insurance Postage and stationery Sundry Training Computer costs Governance costs Total 2025 |
Total funds 2025 £ 647 60 103 216 566 770 320 156 564 4,822 8,224 |
Total funds 2024 £ 347 60 3,600 204 523 217 460 169 752 4,771 |
|---|---|---|
| 11,103 |
Governance costs consists of fees payable to the Charity's independent examiner for the preparation of the annual accounts and completion of an independent examination, as shown in Note 9. No other costs were deemed to be governance costs in the current or prior year.
9. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £3,134 ( 2024 - £3,042 ) , and accountancy fees of £1,688 (2024 - £1,729).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. Staff costs
| 2025 £ Wages and salaries 42,000 Social security costs 5,045 Contribution to defined contribution pension schemes 1,073 48,118 The average number of persons employed by the Charity during the year was as follows: 2025 No. Employees 1 |
2024 £ 42,000 4,541 1,073 |
|---|---|
| 47,614 | |
| 2024 No. 1 |
No employee received remuneration amounting to more than £60,000 in either year.
During the year, the CEO received remuneration of £42,000 (2024 - £42,000) in his role as CEO and mentor, and was reimbursed travel expenses amounting to £1,258 (2024 - £1,878).
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 30 September 2025, no Trustee expenses have been incurred (2024 - £NIL).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
12. Tangible fixed assets
| Cost or valuation At 1 October 2024 Additions At 30 September 2025 Depreciation At 1 October 2024 Charge for the year At 30 September 2025 Net book value At 30 September 2025 13. Debtors 2025 £ Prepayments and accrued income 245 |
Computer equipment £ 2,238 899 3,137 1,544 647 2,191 946 2024 £ 409 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
14. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Accruals and deferred income Deferred income at 1 October 2024 Resources deferred during the year Amounts released from previous periods |
2025 £ - 1,129 9,511 10,640 2025 £ 960 3,500 (960) 3,500 |
2024 £ 4,651 1,044 5,640 |
|---|---|---|
| 11,335 | ||
| 2024 £ - 960 - |
||
| 960 |
Income amounting to £3,500 relating to mentoring services that had yet to be delivered by 30 September 2025 is included within Accruals and deferred income (2024 - £960 in relation to income received from the sale of tickets to a fundraising event that took place in October 2024).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
15. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Restricted funds KFC Foundation Tesco Stronger Starts Ashworth Trust Bentley Advancing Life Chances Surrey County Council Surrey PCC Total of funds |
Balance at 1 October 2024 £ (7,531) Balance at 1 October 2024 £ - - - - - - - Balance at 1 October 2024 £ (7,531) |
Income £ 71,881 Income £ 3,000 1,125 3,200 480 658 8,640 17,103 Income £ 88,984 |
Expenditure £ (64,646) Expenditure £ (3,000) (1,125) (3,200) (480) (658) (8,640) (17,103) Expenditure £ (81,749) |
Balance at 30 September 2025 £ (296) Balance at 30 September 2025 £ - - - - - - - Balance at 30 September 2025 £ (296) |
|---|---|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
15. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds KFC Foundation SCC - Homes for Ukraine Shanly Foundation Surrey Community Crisis Fund Tesco Stronger Starts Total of funds |
Balance at 1 October 2023 £ 42,268 - - - - - - 42,268 |
Income £ 15,710 2,500 5,000 1,000 10,000 1,500 20,000 35,710 |
Expenditure £ (65,509) (2,500) (5,000) (1,000) (10,000) (1,500) (20,000) (85,509) |
Balance at 30 September 2024 £ (7,531) - - - - - - (7,531) |
|---|---|---|---|---|
General funds
General funds come largely from awarded grants and regular donations. This money is used to cover all the Charity's activities, including mentors' salaries and fees, travel expenses, training costs and basic overheads.
Restricted funds
All restricted funds listed above related to grants received to fund the Charity's provision of mentoring services. All restricted funds were fully utilised during the year toward this purpose.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Tangible fixed assets 946 Current assets 9,398 Creditors due within one year (10,640) Total (296) Analysis of net assets between funds - prior year Unrestricted funds 2024 £ Tangible fixed assets 694 Current assets 3,110 Creditors due within one year (11,335) Total (7,531) |
Total funds 2025 £ 946 9,398 (10,640) (296) Total funds 2024 £ 694 3,110 (11,335) (7,531) |
|---|---|
17. 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. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £1,073 (2024 - £1,073). Contributions totalling £208 were payable to the fund at the year end (2024 - £Nil).
18. Related party transactions
Key management personnel expenses reimbursed are disclosed in Note 10.
During the year, the Charity received donations totalling £750 (2024 - £Nil) from its own Trustees. These donations were made without conditions attached.
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