REGISTERED CHARITY NUMBER: 1192801 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR TIIE YEAR EDED31 lARc11 2025 FOR HEAD FOR CHANGE Lile5 Morris Limited RO C4M)mbe R()ad Noi" Maldcn Surro" KT3 4(?$
HEAD FORCHANGE CONTEP4TS OFTHE FINANCIAL sTATEIENTs FOR THE I'EAR ENDED31 lARCH 2025 P4ge Referente and Administrative Details Report of the Truslees Independent Eirniner'5 Report StAttment of Finantisl A¢tivitie5 Balnce Sheet Notes to the Finxncil Statements 10 10 15 Det#iled Stiethent tsf Finnril Actlvl¢les 16 17
HEAD FORCHANGE REFERENCE AP4D AD11%15TRATI%'E DETAIIS FOR THE I'EAR ENDED31 lARCH 2025 TRUSTEES l)r S Tucker Mr5 M Bramiirll-Popham Mr WCIu45 K BttLh lappointrd 8.8.251 PRINCIPAL ADDRESS Applecr()55 Hou Chepsioi4' Road Lang5ne NP182JP RLC-IS'J'tr.RED C.H.4RITI' NII1BFR 192801 INDEPENDENT ExAlINER Liles MolS l.imi*d 80 c(X)m RoJd KI'3 4QS CHARITY WEBSITE wM%".h¢adlorchang¥.OTS
HEAD FORCHANGE REPORTOF THE TRITSTEES FOR THE I'EAR ENDED31 lARCH 2025 The trustees present iheir retKIrt iiiih ihe linaDLial slateThenLS of ihe charit). for the )eaT ended 31 MHrLh 20?5. The trustees haNe adopted the PTOI'15ioll5 01- Accounting ar Rewkrting bi" Chariiies= Sle[neI of Recotnrnended Practice applicable io chariiies preparing their aecounis in aecordance ii-iih the Financial RertIng Stsndard applicable in the UK and Republic ol-Ireland11.'RS 1021 lelTective l JanuaTV 20191. OBJECTIVES AND ACTIVITIES Objective5 and aims IL'ad Ii)r c'hing¢ is a chaTity' pioneering sitI.C change wioriiise brain health in sport. We iiant to create a ii'orld here stM)rt l5 as good for your brain as il is for your iM)d)'. ThL Lhariiy LmLoufLgLs L ldLneC-baSLd Loni'Lrsaiions aLN)ui brdin salffl!. lor rugb) pla%ers and I[baIlers. We work to dL-bunk misinlomia¢ion ¢0 wini w ¢r¢dibl¢ r¢w¢h w inli)m) plo%¢rs. Fwimts. ¢oa¢h¢s. adminisiraiors and la makL'rs. WL providL 3 main scrniLes'. CAre and Support: SUprtIng ex-plai'er& and iheir famrlies. are alTected bi, neur(xiegeneraliNe dise&8e as a rLsuIt i)I' IhL'ir prÉ)IL'%S11)nal srrt)rting ¢ar¢¢r in ti)oihall or ru8b%. Proi'i4ing pr#Ltiial sUp)rt 1£) indil'iduals i4'hc) havc sull¢r¢d Irom ¢on¥ussion, Sly¢0v&s10n, CTL and oth¢r n¢urode8¢n¢rJiiv¢ diseases and th¢ir lamili¢s. Lducation.. l)rÉ)rn()ling LxiuLati()n un4J Unl[lng (If ihL LtTLL15' und ri%k% iifLM)nLU551(In. )StlincusllIjn. C-'I'l.' und ()IhLr u%bi?LlalLd nLuriidL¥LnLratii'L di.%LasL'% in.%)rtsMln und %p()rt5'14K)mLn. 'I'hi% ini'iili L4 IV(ITking 14'iih SLhiiiil%. Lluh%. 5pi)ris' gi)I'Lrninb FK)diL% dnd pla%L'rs' rL'pfL'%LmtJlll'L l)r8dThilIQn5. suprA)rting ihcm u) JLtjl'L.l}' pr(iMi). plJ>'LT Il'LllarL nd ti) proteL't the luluTC ofihe 5rx)rts. Re5eir¢h.. Slip)in¥ indepcndeni resLwch proi'idc answers thc more nuanccd qUCSii()ns in ()rdcr to makL sN)rts WL Ii)vL li)(Itball and rusb). We w7fbl Io PTY)tCL'I Ihc pla)'crs and proiect thc gans. Publi¢ beth¢fil 'I'h¢'l'ru%l¢Lb Li)nfimi th¢y hai'c ¢f)mpli¢d iviih the dut%" in sttiiiin 17 ofthr C'hariii¢s A¢¢ 2011 havc duc rcgard io ihc publiL k'nLlit guiduniL publishcd bi. IhL C'omtni55ion in dL'tL'rmining aclivitics undcrtaken by thc Lharily.
HEAD FORCHANGE REPORTOF THE TRITSTEES FOR THE I'EAR ENDED31 lARCH 2025 AC.HIEVEMENTS AND PERFoRlAYc.E C'haritable actiTr'ities ThL harIt has continULd io dLIi¥Lr an Lipanding of aai¥i(tes. projects and scti'ices in the riod. These hai'e iMpro¢d both thc circumstancLs ot ihc nefiCiarieS and prol.ldL bcnetiis io s)cieTh' as a Hl)ole. Nav websit¢- At ihe ¢entTe of all our alti.111e% is our Mtb%ite hitpsJlheadf<)t¢hange.org.uk/ I4hi¢h ha% had u maji)r r¢launLh this i'eaT In OTdeT lo clarifi. our public image and me5sage& along 14iih signifjcanl uFyJaie5 lo OUT se.1c¢S and inlumiuiion proi'ided. "I"hi5 now tornis a ke). part of our Communi10n5 and hom, eiistitlg and rotential beneficiarie5 access our help and supwrt. EdutAtlon.' This year we succe&sMllv piloied our Brdinsale educaLion course with c450 participants in 7 schools and ¢lub% in I Ik Jnd IIS. This had sci'cral obj¢¥iives'. () Pr()m(It¢ suf¢ partiLiputivn in 4K)rt5 in 5ch(K)Is and Llubs aLTOSS the IIK fi)r Lhildren aged 12 to 18. () InLrLu%L LduLatiÉin und aiiarLnL55 ()r ihe rrf)siiiic impucts (Dr 4x)rl al()ngside the risk5 of bro1Teld injurie5 and h1t Lan k. done to rcducc Ihcsc before. durin8 and after plai'in8. o l..nablL LhildrLn. parLnts. tLaLhers and coaLhcs to make edueaknj decision5 re8ardin8 StM)ris partieipation. l)rc)iid¥ J litx, ¥as>-io-UX' ¢ixil IL)r p¢wpl¥ 10 Usi. o'l'i) l¢am Iri)m c)ur pilot s¢itiin8s so thai iY¢ ¢an mll oui an impro¥ed iersion 2 in midlloLe 2025. C.#re ind 8upport'. () In addiiii)n Ii) Ll)nlinutns l() .%uprt impacicd rfftiplc ihrou8h our l..xtrJ .1 irne .1 i) 'T'olk and C'()mc RidL 11.'iih Mc $Lf1¥'s. %L lJunLhL,d a n¥iY C'i)mL' Walk Wilh NIL iniiiaiiiL 14hi¢h ¥nLourag¢s impaii¢d pla>L'Th li) MLL'I up li)r 51)m¥ ¢NLrLi.%L' Jnd a Lhdi. II'L launLhL.d ()ur fir%1 hub in Nc)rth l..n8land iiiih (urthLr ()nes plann¢d in 21125126. '1-IIL%L drL' all primaril> aimLd ai hilping ix.pla)'cr% JiagnL)%¢J iiiih srA)rL%-ril#¢Lxl Ik.miniia. L-l-l.. or (IihLr nLur()dLgLn¢raiii' ¥(Trndili()n¥ %uLh IL% I)urkin%in8 dnd MNI). li is alsi) Ihcrc to h¢lp LAla)lr% who arc simpl). strulIn 1th thLir mLnwl h¥ulih. .1 i) ()ur pJrlnir%hip %%iih IhL 'I'hT¢I'L mLnial licl1'1nY app L4)n[inuL iiiih si8nifiLani p()%iiii'L impaLI ihi% NLar. flir 'X&irnpIL". 21 pldJL'r% %i¥nLxi lip. 5.1 C'll-l. %L%si()ns LI)mpILLTd. 214 JnNiL•I! &. dL'pfL'S%I()n 8LfLLnin¥%. and LruLiall!' 'in-app" r¢i()I'¢ri¢% r¥¢(Irdibd Jnd 8 m(Ir¥ pldy¢YS ()n lh¢ r(Md r¢Yoi'¢ry". Re5earth.. A kcy part of thc Mtb51tc r¢dciclopmcni M"a5 lo proi.idc pcoplc ii.ith accc5s ihL lalLsI rL%arch rLgJrding %ports•rclalcd brnin injur) rcscurch from th¢ iiDrld's prccminent sricnli5ts and rnedic5 c.g. Profcssor l)uinian 14dilL). In dditii?n t() this. %lL &ifL dlli8hiL to suptM)fl and partnLY %%iih l)roIck)r Il'illiL SILiiart i)I' IhL i Inii'Lr%ili. ol. Cil&i%yii%V and thL CJlas8iiw% "fraurnalic Brain Injur% Archii'e. Futhdlng: .1 () furtd all our i¥vrk Ihis %'¢ar hav¢ had pmay.ing supw)rt Cn)m num¢tDU5 fundr4Li5¢rs. plu5 hair run 4 maji)r lundrai%ing Ll'¢nt%." 3 hike IC.'arJiff io Tiii¢k¢nham. CiliTru¢&sier LO Cardiff and Wdrn¥i¢K io wan1K") (1% i¥¥ll a5 our anniial Big Rugb) which thi5 5.car altraclcd 50 5IIirnmcr5. Wc iiould like lo thank ci'LTronc who ha5 rai5¢d money for Head for Change and conlinu¢ to be"Part of the Solulion.. FINAP*CIAL REN'IEW. Financial posltio "I"hc churil)" rnudc a deficit of £391.970 12V24 funds. surplus £28.(K)91 Iluring the trriod and all of thi5 r¢late5 unrestricted The revamp ot-the Mebsi(e to improie publie engagemeni and donaLions M?s a si8nificant fac(or to the dcficjt.
HEAD FORCHANGE REPORTOF THE TRITSTEES FOR THE I'EAR ENDED31 lARCH 2025 FINAliC.IAL REVIEII, Reserves policy ThL Lhariiy maintains IrL* resers'es to-. - Proi'ide a lee1 of working Lapital thai prOtts the c4)niinuiL!' ofits core rk PT()i'ide a level tsf lunding l()r unexpecied ()Nx)rtunilie% PTOI'ide coN'er for risks Such as unforesttn expendiiure or unanlicipated loss of income The free resen'e5 of the charit) (unrestricted funds) ai the period end iirre £70.794 12024 - £110.7641.'l-he charity had no IIxLd aSsL15 and the trustLL are happ) wlih the 51110 ai the end ol'the peri¢. Coing con¢ern 1'hL tru.%lLL'% urL n()t awurL (If ani, iksuL's utKiui the immL'diaw' (Ing()ing finuThLial i'iabiliij i)f ihL Lhuril%'. hui thc Lhurilv laLe% the sutne inh¢rcnt ri%k4 an) oiher LhaTili' iithiLh 14 dependent urrt)n fuThJing Ir()m exiemal %(iurLe%. ulnerablL io rnarkLiI lorces. includin8 thMmiurn5 in the econom)" iithich could aileci lundraisin8 OPFM)rtunitie5.
HEAD FORCHANGE REPORTOF THE TRITSTEES FOR THE I'EAR ENDED31 lARCH 2025 FUTURE PLANS Th¢re are 5¢veral JLliN'itie5 planned for the coming i'rar. inclu(JiThg.' Care and Support: o Player Support Programrne.. We are launching a programtne that SUprts ex-plaNers and their familie5 that are impaLied b) brain-relaied injuries, thai LomplLmLnts our e.KiSiin8 sern iLes. Ke! aspeLts arL' likeli io inLlude.' a budd) 5ysieni H"here people are assigned I lead lor Change"buddies" ii'ho hai'e releNani lii'ed-expKrience, M'ho they can tslk li),. a shi)rt as%e4%tnenU%el (Il-FAQ% tha¢ ii.ill LX)tnplde iyith ihem. thai help% ¥uid¢ further L()ni'eT%aliiin% i¥ith ih¢ir CIP or other supwrt prolessional¥iools; a signtM)siing scr%'iee ihai inir(xluces them 10 appropriate sm'iees. tools {ineluding the ThriNe appl and suPrt PTofe55iona15.' funding of l or 2 slfIC 5en"iLes e.g. coun5elling. o Advisor) Board.. .4long51de the Pla)'er %upwbrt l)rogrdmmc IP%PI 14'e ii'ill foThalise our Care and Suprort AdN'i50ry 14iiarJ ii) i)v¢r.%iL thl PSP and. in lime. (>ur ()iher c(. and SuptX)Ti 'r¥i¢¢s. Com¥ Rid¢Malk with M¢.. CiinlirtuLd lp5]L)rt i)i-IhLL s¢r%'iLi4 i%iih addi¢itsnal hubs an)und th¢ lJK. Thrlvt.. WL arl Lc)tnmilt¢d ic) raising lunds ¢0 ¢iend our li¢¢nse iiith Thriie for a further i¢aT Si) Ihat ¢ Lan coniinue t() pri)idL the'l'hrie app free ol-char8e io ihose ii'iih mental healih challenges resulting from a career in fooiball or rugjh) IhLir Larers. Educ4tipn () Brain4afe.' l.()11()winB IhL 5ULLL'SSful pilol in 2024125. Il'e ii'ill r()11 this frLx LUL[l[ln progTarnlnL oul ULf<)%5 5Lh(x)15 ond Llubs in ihL UK and w)ILniiall) o¢hir iwuniri¢s. WL aim Ic) hai¢ had ¢?.O(MI PJfll¢lpan u)mpl¢lL ihL ¥i)ursL by lh¢ nd lif i)ur nL.xi linanLial l'ear. In addiijcln. arL 8(iin8 11) cn8J8L Ii'iih goi'emmLnt Jnd SriS. hL)diL% li) gLI thLir %upport li)r lurihLr L¥pthnsiiin with IhL uim vfs,(KK>+ PartiiipanL% TKr ictsr ihcrLaflLr. WL i%ill al¥) u)niinuL t() Li'i)li.L ihl LÉ)ursL li) inLfLJIL 115 app¢al ¢0 ¢hildrLn. Ih¢ir rent¢4r¢r5. ¢0g¢hts and Lth'h¢r& in¢luding WnI111V a l'id¥ i'irsii)n ol'Lhe Research.. () In 21175:'26 ive will make IL 51epchun8e in our appnTrach research b> activel). cornmissionin8 reseuTCh. () In latL 21125 IVL launLhLd u iruLiuI PILLL ()I'rL%LarLh iiith l)n)ILSS4)r l)amiJn IlailL!' and hi% rL%LJfLh ILJM Ji IlnivLr4iiy ()I' %i?uih Wal¥%."I'his 1% li)LussLxi ()n assLry%ing ¢hL impilL( ul'rugbi vn thL bTJinS i)I'malL wi¢J limull LN-plaNLrs hLiLWL'n .111 dnd SY. I'his will rLrxirt in mid-21126. () In L'arli 21}?6 W'L i%'ill lJunLh a.%L'CC)nd rL'%trdrch pieL*' ii.iih ihL' Ilnivcrsii%' of%i)uih W91¢s t¢am. with a fi)cus i)n lh¢ impail ()l-hLaJ Imp14 lrnainl) hLadLr%l in %i()mcn'.% t)(ball. Fundin% Promotion: () Ili)undiahlL.' ()ur lir.st LNLni i.s c(mlimiLd fi)r Januar% 2026 and ii'ill brin8 108LihLr exTL8 and thii8L 14'iih lii'L cxpLriLn¥Ls in rugh} lil dIu55 brain hlalih in srrt)rt and lh¢ dang¢rs (?f r(?ncus%1()n. %iinilar thcn¢s liTr¢uslng i)n l(Troihall dnd ru8h% li) pri)%'idL mi)re i)rp)rtuniiiL'S for inf()miLd and u'idenLxSed CaneLI1)n5 )ut hrJin %afLLy in %rAin 111 bL' r(IllLd uul. o Fundins.. In 2025126 ivill continuc our lundrdising through MOTC C)'cling. sii"imming and oil)cr lundraisins cNcnt5, dnd fjiim ts) raisi signiltiJnt fund.% throvgh grants ¢orwJrai¢ 5rrt)nsorship 10 ¢nabl¢ u5 ¢xpand our b¢rvi¢¥b Hnd Pt)%iIIiLlk impaLI morL and morL PLM)pIc.
HEAD FORCHANGE REPORTOF THE TRITSTEES FOR THE I'EAR ENDED31 lARCH 2025 STRUCTLIRE. GON'ERNANCE AND MANAGEMENT Governing document HLad lor ChangL %fvas rL'8isicrcd on IS DcLLM.r 2020 as a Charitsblc IncorpTrrated Organization ICIOI and consiiiulcd on a toundation modcl. ithose onli i'oiin8 membcrs arc its fftjsiecs. Thc Charitics Aci 2011 crcaics ihc basjc ILgal trJmLi%ork lor the CIO. This Irdmei4ork' is complLhlLd b% regulations namel> the Charithble Incorw)raied Organizations ICILmernll RLglllaiions 2012 and the CharitsblL Itr[m)n(clI Organi2ations Ilnsoli enL> and DissA)lutionl R¢gulaii()n% 2012. 'I'he charitj has a goN'¢rning Iru5t re5pKbn5ible for controlling swuciure. goi'emance and managemeni of the charit). in order to benelit its beneficiarie Recruitment gppointment of llew Irustees Apilrt th¥ lir%t ihiirit) iru4tLLs. t¢r) uu%¢¢¢ wll be apw)ir)d a iemi ofthree )ear4 by a resolulion p&8eL1 ai u pn)pLrl> Liindu¥tt'd mix¢iD¥ i)rtht' Lhini} tTu4&'es. Tru%l¢e5 aTe %eleLl¢d based un their exrKrienLf and exrKrtise. li is considered LruLial thai ihe}' ha¢ both the per41)nal intLrL%I and thL prolLs%ii)nal skills io lead. adi ise and Loniribuie the chariii s OPLraiions. 'l-hcN arL also rLSPL)n%ible li)r LSi&ibli5hing reli& tiiinships among other siakeknlder groups. Creaiing i)peraiing partnerships i4.here advankn8LXIUS. ¢n%uring appri)priJi¢ lundraising and id¢niit%"ing r¢.1¢an1 wisi ih¢ (ts% to running 4)I'ih¢ ¢harii>'. TruqiLc% are alqo in011,¢d in the produciion and approval of r¢lcNani policies. including salcguarding vulnLrable 'nLliLithriLs, privaL). conlliLt ()[' inieresis arml i()luntLxY Magement. Lhan in'l rusi urin KL'lth IILLLh was appoiniL.d a 'l'rustLe OTh IILh Au8USt 2025. joinin8 ihL Ik)ard and th¢ Mano8LYnLnL .1 iam. KLlth is ljirm¢r 1111('.ji)IirnJli%t Jnd nc>%i d ( ()mmuniiJii(Ins L'i)n%uliJni. K¢i¢h 1% J f4)miir I)rU5 r¢TATrrt¢r Jnd Jn ¢x-plJ}'¥r und i()J¥h Ji hi4 I(1 rughN iluh. I lai in8 11?J¢hixl Jnd bllPIK)rn¢d hundrLil¥ uf )"oung¥iiri in14) Ix)mmuiiit% rUb>. h¥'s a hu¥¥ .IiLvLr in thL bLnLIi1s (?I'pla%'in¥ Iram srK?ris. As u"I'ru%tLL. KLL(h aim5 to LnLx>ura8L Ll'idLncbasL coni'er5alion5 ihc salcl) 01. srt. PTvrnolin8 a pluJL lIr%( appri)aLh i(1 ihc g(imc5 that Ivc I0C lo pla) and hclpin8 Ilcad for Chan8c lo bc part ofthc lUtI()n. Other personnel Involved wlth the eh*rlty Thc Charit uses >th ron¢rathors and volunt¢¢rs assist it lo athiev¢ its aims. The tssks of th05c cngagcd includ eduLulii)n. supporL financial. admini51rn1ii¢ and mana8¢m¢ni adi"ire. Contrarknf5 and wolunicer5 are i'¢itrd Prior cL)ntributing. Appmved b>, order ol'ihe IK)ard ol'trudees on 19 Januar>. 2026 and si8ned on its ha]1'}.: Mr W Cleiis- Trustee
INDEPENDEliT EXAMINER'S REPORTTOTHE TRLISTEES OF HEAD FOR CHANGE Independent exxminer's report to the trustees of He&d for Cbange l rttx)rt tth the Lhariii. on mv e_wnintstion of the a¢¢4)uthts i)r H¢ad f()r Change (the TnJ811 for the >¢ar ended 31 MaiLh 2025. Responsibilities and basi5 of report As the LhariiN Irustees ol- Ihe "I"rust iou are reswnsible for the preparation of the accounts in acwrdance with the requirements of (he Charities 2011 Ilhe Acfl. I rLport in respeLt ol-my examination ol-IhL Trusi's aLLounis carried oui under Seetion 145 0l.thc Aci and in carry'ing OUI m> exJminaiiL)rt I haye I()IlatIl all applicable Direaioths giieth b% th¢ ChiL> Ctsmmission under Sectian 1451511bl ol. th¢ ALt. Independent examiner's stxtemtnl I ha%'L LomplLtLLI m) LKaminaiii)n. l tirM thai no maiLYial matters hai'e come m}. aiteniion in connection with (he ¢xaminJiion gilA8 mi ¢aus¥ ts> thJt it) an) marial r1.. &Lc()unling rL¥i)TLI% MLTL ni)I kLTi in rLpLYi of the Trust as requircd b). S. L¢lion 130 of ihL ALI: (Ir thL aLLc>unLs di) noi a¥¢i)rd iiith thost. riLoTiJ%', or IhL aLL()unls d(1 not u)mpl) ii'ith thL appliiablL fLNuifLmLnis conLLrninu thL r(Imi und LontL'nl ()I'aLL(iuni% 5L't out in thL C'haritie5 IALLiiunls 4Lnd Rer)rtsl RLgulaii()rb5 2008 ()Iher ihan anj re4uirernent ihthi Ihe ac)Unis. 8iie 4L truL and lair whiLh is noi a matier considcrLTrd as part ofan indyndcni cxaminaiion. I have no ¢on¢LYns and ho1.¢ come across Th) oih¢r mJii¢rs in ¢onn¢ciion i%iih th¢ examinaiion w) h1¢h aii¢nlion should . draivn in this r¢wrt in or(k.r its ¢nablL a pr()p¢r undir¢Jnding ofthi awjunts io wach¢d. -I'his rLPlIrt 1% madL %)ILIv ¢() Ihc charilv's as ts ix)dv. in aLLordan¢c Mith s¢Llion 145 (If thL C'haritlL8 ALt 2011. M> iv()rk hu% IK'Ln undLrtakLn Ihal I mighi.4ialc to Ihc Lhuriti'% InL4ILY% thii%L' maiiLr4 l arn rcquiTLd li) 4lJlL li) IhLni iii Ihi% rLrM)rt and l(Ir nil i)thLr pur[K?. I'll thL lullLs1 L¥ILni JLrmiiiLxl b!. luii. I dii n(Il ULLLPI ()r a%%umL rL%rrt)n%ihilii)' t() nbi)nL' l)thL'r thun IhL' Lharil). and ihL' chari1} s irusi¢L% ILS a h)d)". fi)r MN iii)Tk. fi)r this rL.)rt. ()r liir thL' ()piniiins I huiL li)rmL'd Alis1?n SJndirbt?n F'CA l.11c Morris Limited 80 Coombc Road NL w Malden Surrc> K'f3 4Q8 19 Januth 2026
HEAD FORCHANGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE I'EAR ENDED31 lARCH 2025 2025 Total funds 2024 Unrestrictrd fund Restricted fund funds Notes INCOME AND ENDOWMENTS FRO1 Donations and legacies 50,476 50.476 103.241 Other trading actil(l¢S 134 Total 50.476 50,476 103.375 EXPENDITIIRE ON Ruising lund5 14,013 14.Ill3 33.390 ChJ)rltAble Attlvltles 67521 67.521 31.227 Y.414 .335 Cill%'LmanLL 'unding io inllii'iduals l)thLr 229 229 TotAI 90.446 75.366 NET IP4c01F.IIF.xPF.P4DlTlR£l 139,9701 139.970 211.(X19 RF.C'ONI'II.IA TION OF FIIYDS 1111.7fy1 110.764 82.755 TO'I'AI. b'llNDS C.'ARRlb'D b'ORWARD 70.794 70,794 "rhe note5 foTrn part of these financial slatements
HEAD FORCHANGE BALANCE SHEET 31 M.4RCH 202) 2025 2024 N(MCS FIXED ASSETS IntangiblL asSLtS 2,061 C'IIRRfr:NT ASSTr.TS l)Lhiors Cash ai bank .232 71,560 48) 113.389 72,79Z I li.874 CREDITORS Ami)unlS lalling due wiihirt one year 4,11591 NET CURRENT ASSETS 68.733 I IU.764 TOTAL ASSETS LESS CURRENT LI.IBI LITIE4 70.794 110.764 NET ASSETS 70,794 FIINDS IlnrL%iriLtLd lund% 70.794 TOTAL FLINDS 70.794 'I'hL' IindnLldl sldlL'mLnLs w¥rn' appr&).d b)" th¥. 11()orJ or.rmlX* an41 auth(wisL.d lor issu¢. on 19 Januury 21121? und ¥r¢ signid i)n its b¢hdll-by'. Mr% M ElramwLII-Pi)pham- Trusiee "rhe note5 foTrn part of these financial slatements
HEAD FORCHANGE
P40TESTO THE Fif4ANCIAL STATEhlENTS
FOR THE I'EAR ENDED31 lARCH 2025
ACC.OIINTINC POLICIES
Bgsis ofpreparing the fiDan¢iAI stgtemeDts
Thc tinanLial btaiLmLnts ol- IhL Lharill. %%hich is a public ncti1 entiTh' undcr FRS 102. hal'e bcen prepared in
aLcordanLe i¥ith the Chariiies SORP IFRS 102) 'ALcounting and ReFX)rting b¥ Charities.. StatemLni ot.
ReLommLmded PraLiice appliLablL 10 Lhariiies prLwaring their accounts in acLordance 1th ihL Financial
Repi)Tling %iJndJrd appli¢#hle in Ihe Ilk JnLI Ri'puhliL i)I' Ireland IFRS In?) l¢ffeLli%e l January 2a191'.
Fin1lI<11 R¢p()rting Stand
HEAD FORCHANGE NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE I'EAR ENDED31 lARCH 2025 ACC.OIINTINC POLICIES- continued Expenditure GrLints otlLfid subjcd to cotldiiions which hai'e noi bcen ai the s'edr end date are noted as a eommiiment bui not aLcrued as expendiiiire. Allocation and apportionrntnt of costs uppurt cost5 lire th05¢ lunciiLin5 Ihat ass15t the i%Drk of the chariTh. but do not diTectlN undertake churitable activities. %upkx)n costs include back ollice eosis. fjnance. personnel.pa!'roll and 80I'ernance costs hch sUPWIrt the Trusts artjslie pro8fdmmes and aciii'iiies. ThesL' LOSIS hai'L Ln all(ated cosi ofraising fund. exwdiiure on ¢haritabl¢ aciii'iiies and 801'emance. TY4xation Th¢ Lhuritv is exernpi friim t&¥ un its Lharitable aLlii'ities. Fund A¢COUllting lJnrL¥iriLILd lunds iur) bc uscd in accordancc with th¢ charithbl¢ objcctiies ai ihc discrjrt of ihc irusiLYs. RL%triLtL'LI I'un(l% Lun I)n1 bl LL4Ld r(IT partiLuliir rL.¥tyiLILYJ PUryM)%¥ i¥ithin thL ()bjL'LL4 1II'thL Lhurily. RL4iriLtii)n.% ari%L ivhLn.%pLLiliLd bj Ihc th)n(IT or iihen lunds art rni%LYl l()r purllLul rL4triLlcd purpi)%L4. FurthLf Lxplunaii()n i)rthe nature and purtx>se of euch fund is IncludL ITh the rM>Les u) thL finunci81 SmLn(S. D¢bior$ l)Ihiiirs wilh no statcd inicreM raie and rtccii'able iiiihin one )'w are recogni$ ai the irnnsaLtion priLL. Creditors ('rL'diti>Pi dnd pr{}1s11)nS are reLCTr8n15L i%hLYL. the Lharii)" has a prL'sL'ni obli8Jll()n TLsuILin8 Ir()m J pasl Li'Lnt Ihai ivill pri)hdbl)' rLult in IhL' IrJn%(Lr c)f fund% i(Tr a third part!. and thL am(iuni duL t() %ciilL IhL' l)hligali()n Lan m¢J%urid ()r 1siima¢¥d rlliahli". ('r¢diior% anJ prm"isions art. t)orniall)' Tl¢l)gni%d ai thkir %dLl¢mknt ain()unl. Flnanclal in5trumtntS I'hL Eharit iinli hab linanLial &85cts and financial liabililic5 of a kind thai qualif a5 basic financial instrumLnt5. Fla%iL IindnLial in.strumenis are inii1all. reco8nised aL rransaciion i'alue and subsequenLl% measured al Lhcir %LiIILmLni i'aluL. Going conrern ThL linanlial 5taicmcnts havc bccn prcparcd on a going conccm basis as thc trustces klici'c that no malcrial unLLrtaintlC5 exist. The Tru5¢ccs ha.£ con5idcml 1¢ I"cl of fund5 hcld and thc elpcclcd Ici'el of incomL' and cxpLnditurc lor 12 months trom auih0ri5in8 Ihc5c linanLial statcmcnts. Thc bud8eicd inLomc and cNpcndiiurc is %ulliLient wilh ihe level ofreserves for ihe chariii ts) able io coniinue as a 8oin8 Lx>neern. continued...
HEAD FORCHANGE NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE I'EAR ENDED31 lARCH 2025 OTHER TRADING AC.TIVITIES 2025 2024 l.¢Ltur¢s 134 TRLTSTEES, REMLTTr4ERATION AND BENEFITS There weTe rta trustees, remuneTiort Or other bertefjts for the )eJr ended 31 March 2025 ntsT li)r the )ear ended 31 MtwLh 2024. Tru5tees' expenses There iyere no trusiees, expenses paid for th¢ %eJr ended 31 March 2025 nor for the year ended 31 March 2024. Key Mn#gement Personnel •Dd Rtl•¢ed P•rtle5 I'hi5 Lomprise5 the LharlI,5 uu&iees. details ol'remuneralion and exFtnses are detailed aboi'e. "I'he trustees are supported bi. fTeclance eonsulLgnts. Costs arc included in suppTrrt eosts. Thcre iY¢r¢ no ¢ransa¢iions wilh r¢lo¢¢d partics thai r¢quir¢ dixlosiire. COMPARATIVES FOR THE STATEMENT OF FINANC".IAL AC.TIVITIES UnrL'%iriLILYi lund RL%LriLiL.d lund INCOME AND EPIDOIVMENTS FROfvI 103.241 103.241 (Iiher trading aL'll111cs 134 134 Total 103.375 103.375 EXPENDITURE ON Raising lunds 33.3q) 33.390 C.'h¥rit#bl¢ #¢¢ivltl¢s Cirn¢r411 ihdriubl¢ aitii ities (JO.¢3nl¢ Funding lo indii'idua15 31.227 9.414 1.335 31.227 .414 -335 Oiher Total 75.366 75.366 NET INCOME 28.tK19 28.009 RECONCILIATION OF FUNDS lotal funds brought lor%&ard 82.755 82.755 12 continued...
HEAD FORCHANGE NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE I'EAR ENDED31 lARCH 2025 Co1PARATIVEs FOR THE STATEMENTOF FINANCIAL ACTIVITIES- continued Llnre%iriLled fund Re5lriCll rund Total funds TOTAL FUNDS CARRIED FORIVARD 110.764 110,764 INTANGIBLE FINED ASSETS Trademark COST Additi(In5 2.290 AMORTISATION 229 ET BOOIK V,ILIIE Ai 31 MiifLh ?0?5 2,061 Ai 31 Marlh 2024 DEBI'ORS: AMOIIP*TS FALLINC DiIE WITHIN OP4E )'EAR 2025 2024 PrLpai'mLnls and accrucd inLomc 1,232 4115 CREDITORS: AlO(lNTs FALLIYG DiIE WITIIIN ONE YEAR 2025 2024 Tradc ¢r¢di¢ors 2,997 1.062 2.15Q ()011 3.110 ANALYSIS OF NET ASSETS BETII'EEN Fuf4DS Unr¢5tricied rund Res1 rund lunds Fixed as3eLS Current a55ets CurrenL liabilities 2,061 72.792 14.11591 2.061 72.792 14,0591 113.¥74 70,794 70.794 In.764 continued...
HEAD FORCHANGE NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE I'EAR ENDED31 lARCH 2025 movEIENT IN FUNDS Net moNement in funds At 31.3.25 Ai 1.4.24 Unrestrleted fudS General lund 110,764 139.9701 70.794 TOTAL FUNDS 110.764 39.97111 70,794 Net movement in fund& included in the akni'e are as follows= Incoming rcsour¢¢s Resources cxp¢nd¢d Mi)I'emen( in tunds Ilnrestrleied funds (JL'llLral lund -91.476 190.4461 139,970 TOTAL FIJNDS .q(1.476 190.4461 139.9701 Compar#ibve$ for movemen¢ In funds Net Al 31.3.24 Ai 1.4.23 in fund% Ilnr¢5trl¢t¢d fvthd$ ¥nLrul lund 82.755 28.009 10.764 TOTAL FUNDS 82.755 28,009 10.764 Comparative net moiem¢ni in fund& inrlud¢d in the ar¢ as folloitys.. Incoming Rcsource5 expended MoN"crncnt in lund5 Unrtstrltted funds Grrt¢ral furtd 103.375 175.3601 28.009 TOTAL FUNDS 103.375 75.3661 28.009 14 continued...
HEAD FORCHANGE NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE I'EAR ENDED31 lARCH 2025 io. RELATED PARTI, DISCLOSIIRES There iwere no related parti iransaciion5 lor Ihe S'ear ended 31 March 2025.
HEAD FORCHANGE
DETAILED STATEIIENT OF FINANCIAL Acfii'iTIES
FOR THE I'EAR ENDED31 lARCH 2025
2025
2024
INCOME AND ENDOWMENTS
Dothtitsns legatlts
50.476
Ini,241
Other trading activities
134
Total incoming resource5
IOJ,375
EXPENDITURE
Ral$lng don#iion$ leg¢lt$
IOJ.44
32.749
641
l.'undrai%in8 page le¢s
WLh_%it
1,998
14.013
33.390
ChArltAblt Aetlvltl
67.421
31.225
1.-135
C'arL'.4UPP(1rt 8rani%
67.421
32.560
Support ¢o$is
FlnAnte
Ilank. Iharg¢5
78
Ceneral support
lJii%td¥L' dnd %tJliiin¢ry'
C'iimput
HEAD FORCHANGE DETAILED STATEIIENT OF FINANCIAL Acfii'iTIES FOR THE I'EAR ENDED31 lARCH 2025 2025 2024 Covernanct and ge¢Tal GovernAllce costs ALLiiunitinL> and lesal f¢¢s CT¢neral adminisiraii()rt 960 7,723 5,946 3,470 9.416 T()ul res()urces eXlled 90.446 75.366 et lexpenditurellincomt 139.9701 28.U09 Thi5 pag¢ ni)1 foTm partof th¢ slJtuioTh" finaTrciJl 3ialetn¢nts 17