Registered number.. 13121923 Charlty numbèr.. 1194447 The Movements Trust Limited (A Company Limited by Guarantee UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l CONTENTS P8g8 Reference and Administrative Details of the Company. its Trustees and Advisers Trustees. Report Indèpèndènt Examlnèrfs Réport Statement of Financial Activities 9-10 Balan¢• Sh••t 12 Statement of Cash Flows 13 Notes to the Financlal Statements 14-25 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Tarek Hasan Christopher Mills lan MerTiII (resigr￿1 1414120241 Tara Bajaria Janet Thome Lelilia Thomas Debra Hay Iresigned 11tT120241 Company r8glst8r•d number 13121923 Charlty r•glst•r¢d n￿rn￿r 1194447 R•gl8t•r8d office 7 Bell Yard London Bell Yard London WC2A 2JR Executlv• Dlr•¢tor Anna Henry Accountants Larking Gowen LLP Chartered Accounlanls 1 Claydon Business Park Great Blakenh8m Ipswich IP6 ONL Page 1 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together wth the finan(#al statements of the Company for the 1 April 2024 lo 31 March 2025. The Annual Reporl serves ihe purposes of both a Tmstees. report and a directors, report under company law. The Tnjstees confirni that the Annual Report and financial statements of the charitable company comply %wth the current statutory requirements. the requirements of the charitable companys governing document and the provision5 of the Statement of Recofflrnended Practice ISORPI applicable lo ch8rilies preparing their accounts in accordance with thtr Financial Reports'ng Standard 8ppli¢able in Ihtr UK and Republic ol Ireland IFRS1021 (effective 1 January 2019)- Since the Company qualffies as small under section 382 of the Companies Act 2006, the Strategic Report rtrquired of medium antl 18rge Companies under the Companies Act 2006 Islralegic Rewrt and Directors, Report) Regulations 2013 has been omitted. Oblectlves and actlvltles a. Obl8ctlv•8 and actlvltl•$ The Movements Trust ITMTI was regislered 8s a charity in May 2021 wlh the purpose of supporting charftsble movgmenls focused on the intersection between society and climale change. TMT'S Charitable Objects are specffically restricted to promoting sustainable development, primarily, but not exclusively in the UK, for the benefit of the public as follows: al the preservation, conservation and the protection of the environment and the prudent use of resources., bl the promolion of sustainable means of achieving economic grovrth and regeneration. cl advancing education ol the public in subjects relating lo sustainable development and thg protection, enhancement and rehabilitation of Ihe environment. Sustainable development means "development which meèts the needs of the present wilhoul cornpromising the ability of future generatsons lo meet their oym needs.. In the 8xer¢ise of our activitlgs, TMT ther8forg sponsors or regrants funding lo movements engaged in activities in pursuit ol our agreed vision and mission. We aim lo empx)wer movements lo deliver their work as flexibly and as effects'vely as they can. Trustees confim they have relerred lo the Charity Commission's gu￿anCe on public benefit whon reviewng TMT'S objectives and aims. and our grantmaking F*)1￿Y. b. Main a¢hievements ofthe company Re rantin intermedia services In 2024-25 TMT provided a movement-oriente(I regr8ntiry service lo the Thirty Percy Foundation for two proje¢ts.' The cr8atlon of a UK tax Justlc8 M0￿ment TMT distributed £500,000 in grants to a movement comprisiThJ 7 member organisations Ibelowl working on a joint strategy on tsx justice: Women's Budgèt Group Faimess FoLJndation Patriots'c Millionaires Just Money Economic Change Unil Page 2 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Obl•¢tlvo$ and a¢tlvltle$ {¢ontlnu•dl IPPR New Economics Foundation BUGS Confer¢n¢o In addition, we distributed £12,500 on behalf of a Thity Peccy Changemaker enabling 5 individuals from the black urban agriculture sector to attend the 2024 Black Urban Growers C¢)nference in Houston. USA Other regranting.. Climate Justice Camp Pooled Fund. In 2024-25 TMT collected £27.000 in a pooled fund to support delegatss from the Climate Justice Camps run by Greenptsace Roots in 2022 and 2023. In 2024-25. TMT distn"buled the grants to the following delegate groups lo follow up work created at Ihe Camps.. Proyecto A￿luq Q'anchaynin . Peru V Tupac Arnaru Festival - Peru ReFresh Initiative- South Africa Arise Enlighlen Resource Owners - Fill Women lor Climate Justice - coloM￿.a Young Advocates lor a Sustainable and Inclusive Fulure- Nyria Girls Safeguarding Girts- Zambia Fiscal s nsorshi service As a registered charity, TMT acts as a charity inlem)ediary or sp￿SOr. lo help movements meet ellgibility crilerfa for spgcific grants or donations. During the year 2024-25 we have acted as sponsor to the following 20 movements to the equivalent of £775,807 in order lo support their receipt of lunding from irKlividual$ and foundations.. Class Work Project Exlinclion Rebellion Icharitsble acb'wt*s ￿ly) - One Wodd Togethgr Decolonising Economics Climate Justice Africa The Climate Emergency Fund - Sanctuary Community Holida Wild Card Tipping Point - Climate Emergency UK Right lo Roam Campaign Lab - The Nest Iformerfy Farmers F(K)tprinl) Climate Majority Project Lighthouse Project Patriots'c Millionaires UK Workers Policy Project - Scottish Communitses Climate Action Nelwork Behind Our Screens Zero Hour Other movemenl services- our charitable status allows us to refer movements for pro bono legal support from our partner, A41D. We additionally convene rnovewnents on a regular basis to meet each other and share learning, skills and Page 3 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Obl•ctlv•$ and a¢tlvltl•$ {¢ontlnu•dl expertise in order to create a growing, stronger eco$￿tern of social movements around the Worfd. This is an opportunity for movements to create partnerships, get advice from TMT and from other movements and to help us develop OUT serwces 50 that they meet their needs. c. Grantwmaking policies TMT'S 9r8ntmakin9 and due diligence policies sel out how we assurg ourselves that we are fundin9, through our regranting and charity stK)nsorship actsvities, only movement activitses that are exclusively charitable and fall within the objects of the charity. This approach is kept under review. through our routine movement application screening, al our strategy away days, which givè Iruslees the opportunity lo refine our appro8¢h, and 8nnu811y at our AGM. d. Volunt•ers During Ihg course of 2024-25 TMT has benefrtted from the input of one volunteer who led on Ihg mana9emenl ol our first publi¢ event. a. Key p•rforman¢e Indl¢ators TMT launched its public strategy in March 2025 which is complemented by the followng key indicators.. By 2030 - We will be supporting a growng family of movemenis KPI - Incr•as• In tho number and th• dlverslty of the movoments we support. d•monstrably from the communltles most affected by cllmate and soclal challenges through a trusted and thriving family ol movement buil¢Jers. we wll provide for the range of movefflenl development needs for example human ￿soUrCes. fundraising. legal requirements and advice, research and development support KPI - numbér of support organlsatlon In our •cosystem and acc•ss•d by movom8nts Our convening and networking suppx)rt will help movements help each other, providing peer support, skills sharing and easy to find partnerships KPI - impact of our training and convening events leg through feedback) and other evidence of ski115 sharing Ind joint work between our movements. Our Movement Survey and other communications t￿ls. ￿ wll cre*9 an evidgnce basg that supports our advttacy for movements to be better funded and supported KPI - growlng number of respondents to the Movement Survey. impact and takeup of publlcatlons and comms products from sur¥ey data Also, We wll develop our charity inlem)e(liary Isponsowshipl seM¢e lo meet the need that is out there, so that more funding gets to social movements. - We aim to secure a significant increase in funding to movements as a sponsor KPI - reach £1M per annum by end of 2024-25- increase to £10 million by 2030 We have to have a loyal portfolio of donors who use us as a sponsor KPI - increase in the number of trusts and foundations that we work with Page 4 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 l¢onllnuod} - We will have unlocked a growing Tesource of funding from individuals who see the need for social movements in the world KPI - increase in the number of individual donors and the funding they give to movement5 Our Charity sponsorship mo¢Jel is a well re¢¢yJnised and established and repli¢ated model KPI - numbor of other provld•rs ol our model b. Factors relevant to achleve oblectbves TMT'S model as a intermediary or sponsor as well as regranter to social moments is dependent on the flow of funding to movements which is unpredictable in nature and dependent on our movements capability to fundraise as well as TMT'S capacity to raise its profile and develop posth've relatsonship5 wlh donors - therefore a stable and expert team is an essential part ol our strategy lo sust8in and in¢re8se tho flow of funding Its movements,. gqU81 lo this is our capacity lo conducl the diligence feouired lor the prop8r Iransfer ol this funding, the skills and abilities ol our staff team as well as our trustee$ is key to delivering this as is our approach as leaming organisation that is mindful of changes in law and practice relatsng to the management of funding, of charitable use ol funds and the risks presented by drfferent movement groups and entstses. Flnanclal revlew *. Golng concorn After making appropriale enquiries, the Trustees have a reasonable expectalion that the Company has adequate resources to continue in operational existence for ihe foreseeable future. For this rea50n, they continue lo adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting kK)licies. b. R•8•rv•s pollcy TMT'S fin8nci81 policy sets out our approach to maintaining reserves. We are currently building our reserves, 8S we d8Vglop our ¢org In￿Me and keep 3 month$ of core 8xp8nditure in rg$orvg$ in ordor to maintain our services. Al the end of 2025 year end TMT held £65.322 {2024.. £58.4671 in reserves which is above 3 month5 of core expenditure. c. Flnanclal revlew During thg ygar the Statgmgnl of Financial A¢tivilies shows in¢ome of £631.31212024'. £273,318). This year grants made by the Charity were £545,53812024'. £150.000}. By end of 24125 the charity had flowed £1,024.874.60 in lunding to s(xial movements through fiscal sponsorship grants, which grew from £249,067.60 the previous financial ye8r. At the year end, total funds were £66,95712024.' ￿.460) of vthich £1,63512024'. £31,993} is restricied. Page S THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 d. Prln¢lpal rl$ks and un¢•rtalntl•$ Proper and accurate use of funds is central lo our risk management and due diligence processes. in order lo confidtrnly transfer funds into the movement sector, derived from btrsl pr8¢b"¢tr in ¢harit8blo managemtrnl 8nd use of funds. and financial management standards such as anti money laundering. and 'know your ¢ustomer' check as as well as follow up diligence with movements on funding use. Secondly our sustainability as a small charity, through careful fiscal management. fundraising and budgeting in order to manage our costs. o. Flnanclal rlsk managem•nt obl¢¢tlv•$ and pollcles We have the following core policies of relevance which are regularfy rev￿v￿.. Finance Policy Due Diligence Policy Safeguarding Policy Grantmaking Policy Structure. gov•man¢• and manag•m*nt . Gov•rnSn9 docum•nt The charity is govemed by ils Memorandum Articlgs of Association and is consliluled as a company limited by guarantge. The company was first registered on 08 January 2021. 11 is registered as a charity. b. Re¢rultment and appolntment of new Iru$tees TMT'S trustees are recruile(J via open recruitinenl pr(xesses. c. Inductlon and tralnlng of now trust￿8 All ngw Iruslees are inducted by the Chair and the Execubve Director of TMT. given a full training on the work ol the organisation and role of the Board. ￿s0 as a new charity, the Board of Trustees meets every month, and therefore new trustees are also inducled by regular and deiailed access to TMT'S work including the movements that we onboard, financial progress and the developmenl of our policies and processes. We also have an in person strategy away day every year that focuses on an update on our work and the development of future strategy. d. Organlsatlonal structure The Trustees together the Executive Director in charge of the day-to4ay running of the ¢harity ar& responsible for the general management of the charity. AJI decisions are made by ihe Trustees at meetings which take place at least four times per year. The Trustees regularty monitor the financial Position of the charity. 9. R¢lat¢d party r¢latlon$hlp$ TMT is currently a member of the Environmertsl FundeT5 Net￿r￿ Ythich is a 'UK-based network of foundations, family offices and individual donors supports.ng environmentsl cause5. Our aim is to inGrease the amount of finan¢ial support for enwronmental causes and to improvè its overall effè¢tiveness.' Page 6 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Structurè, gov•mane• and manag•m•nt Icontlnu•d) f. Financial and non.financial risk management The Tnjstees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company. and are Satisf￿ that syElems and procedures are in place to mitigate exposure lo the major risks. Robust Screening and monitoring process to govem the movements we Work wf(h, and lo underpin our approach lo work with movements th818rtr not regislerwj charities. Dunng 2023-24 we ¢onLlucled 8 leg81 rtsview of our procedures, due diligence processes and our approach lo onboarding ol movements, as well as velling donors. Our Board ol Trustees screen Ihe movements thal we work wth and we keep risk and diligence under review. Our main risk is sustaining core fundiThJ in order to maintain a service lo movements. We run TMT on a low overheads approach so that we can manage this risk and ensure that resources are available lo movements. g. S•ttlng and b•nehmarkSng r•munoratlon of koy managoment Currently as 8 small and new org8nisalifM Ihe Boar(l of Trustees has oversight of all remuneration declsions across the staff team and is careful lo benchmark others in the granlmaking sector lo ensure fair and reasonable pay1ovo1$. Our first full pay bgn¢hmarking exer¢i$* is takiThJ place in June 2025. Plan8 for lutur• porlods TMT published a 5 year strategy in March 2025. covering the peric*J to 2030 including extending the number and range of movements we support, and the services we offer them: contsnuing to improve our systems and standards, and drawing in consislenl funding to the movement sector. Statement of Trust•es' r•sponslbllltles The Trustees IvA)o are also the directors of the Company for the purposes of company lawl are responsible for preparing th8 Tnjstees. Report and the financial statements in accordancè wth applicablo law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company18w requires the Trustees lo prepare financial statements for each financial year. Under comp8ny18W, the Trustees must not approve tho financial ststements unless they are satisfied that they give a true and lair ew of the stale of affairs of Ihe Company and of ils incoming resources and applicats'on ol resources, including its income and expenditure, lor that period. In preparing ihese financial statements, the Trustees are required to.. select suitable accounting poli￿eS and then apply them consistendy, observe the methods and principles of the Charities SORP IFRS 1021. make judgments and accounting estimates that arè reasonable and pmd6nt.' state whether applicable UK Accounling Standards IFRS 1021 have been followed, subject to any material departures dis¢losed 8nd explained in the financial slatemenls.. prepare Ihe financial stalements on the goiThJ concem basis unless il is inappropriale to presume that the Company will continue in business. Page 7 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 stst•m•nt of Tw$t••$' r¢spon$lbllltl•$ (CONTINUED) The Trustees are responsible for keeping adequale accounting records that aTe sufficient to show and explain the Companys transactions and disclose wth reasonable accuracy at any time the financial position of the Company and enable them lo ensure that the financial stslements comply wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hen¢tr for tsking reason8ble steps for the prevention and detection of fraud anil other iffegularities. Approved by order of the members of the board of Truslees and signed on their behalf by. CL-..4.FLAr M,11. hn?.MIllsioH 1¢,F.Ql?,.F,Ilp.m)............. Chrl$toph¢r Mllls Treasurer "takbiE'*ia'4*ii025. 4 32pm Trustee Date.. 16 Oct 2025 16 Oct 2025 Page 8 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Ind•p•nd•nt Examln•rf$ R¢port to th• Tru$t••$ of Th¢ MoY¢m•nts Trust {Ihe Company'l I report lo the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and Basis of Report As the Trustees of the Company land its (lirectors for the purposes of ￿MPanY lawl you are responsible for the preparation of the a¢counis in accordance the requirements of the Companies Act 20061.the 2006 A¢VI. Having $81isfied myself Ihal the accounts of the Company are not required to be audited under Part 16 of thè 2006 Act and ar8 eli9iblg lor independent examination, I retK>rt in respect ol my examination of the Companls accounts ¢arrigd out under S￿￿'On 145 01 the Charibes Acl 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Ind•p•nd•nt Examln•f$ Statwn•nt Since the Companys gross incorne exceeded È250.000 examiner musl be a member of a body listed in seckn'on 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Inslilule ol Chart8re(J Accountants in England & Wales IICAEWI, which is one of the Ilsle(I bodles. I have completed my examination. I confirm that no matteTS have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect ol the Company a5 required by section 386 of the 2006 Act. the accounts do not accord with those records. the accounts do not comply with the 8ctx)unling requirements of section 396 of the 2006 Act other than any roquiroment that the a¢cotJnts give a 'true and fairf view which 1$ not a matter considered as part of an independent examination. the accounts have not been prepared wi ￿r(la￿ the methods and principles of the sktemenl ol Recommended Practsce lor accounling and reporting by charib'es lapplicable to charilies preparing their accounts in accordance With the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Page 9 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 This report is made solely to the Compan¥s Trustees, as a body, in a¢¢ordan¢e wth Part 4 of the Charities IAccounts and Reports) Regulab'ons 2008. My work has been undertaken so that I might state to the Compan￿& Trustees those matters l am required to slate to them in an Independenl Examinerfs 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 Company and the Companys Trustees as a b(MJy. for my work or for this TepN)rt. Signed.. Date(J.. 22. 10.2025 Giles Kerkham FCA DChA Larking Gowen LLP Chartered Accountants 1 Claydon Business Park Great Blakenham Ipswich IP6 ONL Page 10 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 Unrnstrlct•d funds 2025 Rèstrletèd funds 2025 Total funds 2025 Total funds 2024 In¢om¢ from: Donations and legacies Charitable acliviti8S Investments 18,190 82.649 473 530,000 548,190 82,649 473 261, 763 11,241 374 Total income 101.312 530,000 631,312 273,318 Exp•nditur8 on.. Charitable aclivits'es 94.457 560,358 654,815 236,537 Total expendlture 94.457 560,358 654,815 236,537 Net mov•m•nt In funds 6,855 130,3581 123,5031 36, 781 Re¢onclllatlon of funds.. Total funds brought forwar¢J Nel movement in funds 58.467 6.855 31,993 130,3581 90,460 123,5031 53,679 36, 781 Total funds Carrled fokward 65,322 1,635 66,957 90,460 The Stslement of Financial Activities includes all gains and losses reccgnised in the year. The notes on pa9es 14 to 25 form part of these financial stalements. Page11 THE MOVEMENTS TRUST IA Company Limitéd by Guarant¢¢l REGISTERED NUMBER: 13121923 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Current a55ets Cash at bank and in hand 166,356 143,963 166.356 143,963 Current Ilabllltlots Creditors.. amounts falling due within one year 13 199,3991 (53,503) N•t currènt ass•ts 66.957 90,460 Total net assats 66,957 90,460 Charlty funds Reslricled funds Unrestricted funds 14 14 1.63$ 65,322 31,993 58,467 Total funds 66,957 90,460 The Company wa5 entitled lo exemption from audit under section 477 of the Companies Act 2006. The members have not require(l the company lo obtain an av¢Jil for the year in question in accordance with sects'on 476 of Companies Act 2¢y￿. The Truslees aCknO￿edge their responsibilities lor complying vhth the requiremenis of the Act wilh respect to accounting records and preparation ol financial statements. The finan¢i81 stslements have been prepared in 8ccor(lance wth the provisions applicable lo enlilies subjocl lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. CL-..40¥ M,11. arèk Hasan Chair Date.. '1K-2D75'FfOMI" """"" Treasurer 16 Oct 2025 16 Oct 2025 The notes on pages 14 10 25 fomi part of these finan(ial statements. Page 12 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from opèratlng actlvltl•s Nel cash used in operating activities 21.920 68,916 Cash flows from Invèstlng aetlvltlos Dividends, interests and rents from investrnents 473 314 N•t cash provldfrd by In¥¢stlng a¢tlvbtl•s 473 314 Cash flows from flnanclng act5vitie8 Net cash proYld•d by financlng actlvltl•s Change Sn cash and cash oqulvalents In the year Cash and cash equivalents al the beginning ol the year 22,393 69,230 143,963 74, 733 Cash and cash equlvalents at the •nd of th• year 166,358 143,963 Thg notes on pages 14 10 25 lom) part of these financial statgments Page 13 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomiation The Movements Trust, registered charity number 13121923. is a public benefit entity established in the UK as a charitable incorporated organisats'on govemed by rts constitution daled 8 January 2021. The Movements Trust operates from its regislered office. 7 Bell Yard, London, WC2A 2JR. Aecountlng pollel•s 2.1 Basls of preparatlon of financlal statements The financial stslemenls have been prepared in a¢cor¢Jance wth the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wih ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Movements Trust meets the definitirM of 8 public benefit entity under FRS 102. Assets and liabilities are initially reccgnised at historical cost or transactson valu8 unless otherwise slated in the rolevant accounting policy. The financial Statements are presented in Sterling 1£) and rounded lo the nearest £. 2.2 C¢mpany status The ￿mPanY 1$ a company limited by guarant99. Thg mombors of tho Company arg thg Trustéos named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member ol the company. 2.3 Golng ¢¢n¢em The Charity has prepared deiailed financial forecasts lor the next twelve months that show that the charity has sufficient reserves and actual and lorecasl income for the period. Based on this information the Trustees have concluded thal the charity has adequate resources to continue in operational existence for the IoTe5eeable future, being not less than 12 month5 from the dale of approval of these fin8ncial slalemenls. They therefore conlinve to 8¢Jopl the going con¢ern basis of 8ccounling in preparing the financial stslements. 2.4 Income l income is recryJnised On￿ the Company has entiuemenl lo the income, (( 15 probable that the income wll be received and the amount of i￿￿￿e receivable can be measured reli8bly. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but nol expended during the period is shown in the relevant funds on ihe Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in credilors as deferr￿1 income. Where entillemenl occurs before income is received. the income is accrued. Page 14 THE MOVEMENTS TRUST {A Company Limit￿ by Guarant¢¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng poll¢le$ l¢ontlnu•dl 2.5 Expenditure Expenditure is recognis8d on¢8 there is a legal or construclive obligation to transfer economic benefit to a third party. it is probable thal a transfer of economic benefits will be required in settlement and the amount of the obli9alion 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 Ih818cbvity. Shared costs which conlnbute ¢0 more Ih8n one 8clivity and support costs which are not attributable to a single activity are apportioned belween those activities on a basis consistenl with the use ol resour¢es. Central staff costs are alk)caled on the basis of time spent, and depreciation harges all(￿ted on the portion of Ihe asset's u￿. Expenditure on charitsble acbvities is incurred on direcdy undertaking the activities which further the Companls objoclives, 8$ well as any 8$8ociated support costs. Grants payable are charged in the year v*hen the offer is made except in those cases where the offer is condib'onal, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo condilions which have not been met al the year end are noted as commitment, trHJt not accrued as expendiluie. AJI expendllure Is incluslve of irrecoverable VAT. 2.6 Interest r•¢•lvablg Interest on funds held on deposit is included vthen receivable and the amount can be measured reliably by the Company: this is nomally UFM)n nolifi¢alion of thè interest paid or payable by the inslilulion wth whom the funds a￿ dewsiled. 2.7 C4$h * bank and In hand Cash at bank and in hand include5 cash and short-lerm highly liquid inve5trnents wth a short malurily ol three months or Ivss Irom the dale of acquisition or opening of the deposit or similar account. 2.8 Llabllitl•$ and provl$lons Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past evenl, it is probable that a transler ol economic benefit will be required in seitlement, and Ihe amount of the settlement can be estimated reliably. Liabilikn'es are re¢ognised al the amounl that Ihe Company anticipates it wll pay to settl& the debt or the amount it has received as advanced payments lor 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. dI￿OUnted al the pre-tsx discount rale that reflects the risks specrfic to the liability. The unwnding of the discount is re¢