2025-04-05-accounts - 90 North Foundation

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Trustees’ Annual Report

Period start date: 06 May 2024 Period end date: 05 April 2025

Charity name: 90 North Foundation

Charity registration number: 1194573

Charity structure: Charitable Incorporated Organisation (CIO)

Date of registration with Charity Commission: 21 May 2021

Principal office: Little Orchard, Bedchester, Shaftesbury, Dorset SP7 0JU, UK

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object of the Foundation is to promote the conservation of the biodiversity of the Central Arctic Ocean’s (‘CAO’) high seas region for the benefit of the Arctic circumpolar peoples’ and the wider global public.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	A - Conducting or commissioning marine biodiversity/ecosystem research in the context of vessel-related impacts and promoting the progress and publication of such research. B – Organising projects, programmes, and activities that inform the key stakeholder groups and the British and international public about the issues facing the region’s biodiversity and the solutions. C - Promoting science-based conservation measures which can underpin the establishment of a marine protected area (or equivalent) for the high seas region of the CAO.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The four trustees on the board of trustees are satisfied the public benefit requirement demanded of 90 North Foundation is met. All trustees are aware of the relevant guidance and are kept informed of any changes by the Charities Commission byemailed updates.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference

Policy on grant making	Para 1.38	A policy on grant-making was approved by the Foundation’s board for the awarding of grants for research to be undertaken by the University of Exeter.
Policy on social investment including program related investment	Para 1.38	N/A
Contribution made by volunteers	Para 1.38	We had nine British/overseas volunteers working within our Special Advisory Group and one volunteer working on projects with only out-of-pocket expenses payable.
Other		N/A

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	From April 2024-April 2025 (Year 4) work continued to be focused on marine research, public communications, and policy advocacy. A comprehensive and substantial website was kept updated; and a comprehensive ‘Mission Overview’ document was updated. Letters of Engagement continued to be active with accountancy practice (Lang Bennetts/TC Group) and legal practice (Stephens Scown). A Memorandum of Understanding regarding a research partnership between the University of Exeter and the charity continued to be active, enabling the university to host the Arctic Ocean Research Unit. A new research partnership was established by legal contract with the UN-affiliated World Maritime University based in Malmo, Sweden. The charity commissioned its first UN report from the WMU, to be published in Autumn 2025. The report's title is: The Arctic Ocean Region: Biodiversity, Governance & Protective Measures. Its conclusions will inform which specific, UN-approved, protective measures may be appropriate to advance through the International Maritime Organization and/or the envisaged UN High Seas Treaty.

A corporate partnership with vessel-monitoring service, Concirrus, involving supply of data enabled initial research and scoping to begin on the development of an improved Arctic Ocean Vessel Monitoring & Reporting service. A public education docu-short film (15 minutes) was made, titled Out Stack! which explains the proximity of the UK to the Arctic and therefore the relevance to Britain of Arctic Ocean issues and solutions. A series of keynote speeches were made at national and international conferences about the charity's work and advancing its policy solution for the protection of the CAO's biodiversity. Podcast interviews were given and promoted; and the frequency of social media posts was increased. A regular column was agreed, and written, for international magazine, Oceanographic. Relationships were established with substantial ocean-interested grant-awarding bodies in the US and Europe, and grant applications were made.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	N/A
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	N/A
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The turnover of the Foundation was below approximately £223,000. It remained in credit. It had no outstandingliabilities.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	N/A
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	Insufficient funds to date, but it is planned to accumulate £30,000 reserves as soon as reasonably possible.
Details of fund materially in deficit	Para 1.24	None
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The charity operates in a highly specialist field geographically and is focused on securing global public benefits. This severely limits sources of funding. It continues to be dependent on grants from UK and international awardingbodies and corporate donations.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Inigo Ltd made donations totalling £190,000. The Fishmongers Company's 'Fisheries Charitable Trust' granted £25,000.
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	Insufficient funding to undertake the three areas of work at the planned scale.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution/Governing Document
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Apart from the first trustee, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the Foundation’s trustees. In selecting individuals for appointment as trustees, the Foundation’s trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	The trustees will make available to each new trustee, on or before his or her first appointment: a copy of the current version of the constitution/governing document; a copy of the Foundation’s latest Trustees Annual Report and statement of accounts.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The Foundation had no employees on a payroll. All paid work was undertaken on a freelance basis by individuals or through contracted agency services. All work for the period Apr 2024 – Apr 2025 was commissioned by the board of trustees and delivered/managed by the charity’s executive director who was paid through Pen Hadow ConsultancyLtd.
Relationship with any related parties	Para 1.51	n/a
Other

Reference and Administrative details

Charityname	90 North Foundation
Other name the charityuses	N/A
Registered charitynumber	1194573

Charity’s principal address Little Orchard, Bedchester, Shaftesbury, Dorset SP7 0JU

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
David John Williams	Treasurer		Board of trustees
Prof Brendan John Godley			Board of trustees
Peter Brenton Hinchliffe	Chair		Board of trustees
Elaine Hayes		From 28 Oct 2024	Board of Trustees

– Corporate trustees names of the directors at the date the report was approved

Director name None

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
None

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

N/A

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date

Company registration number: CE025762 Charity fe9istration nutnber.. 1194573 90 NORTH FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 One Plus One Ltd 34136 Fore street PKJvey Tracey Devon TQ13 9AE

90 North Foundation Contents Pag• Trustees. Report Independent Exèminer's Rert statement of Flnancial Activities Ilncludin9 Income and expenditure Ac£ount) lance Sheet Notes the Financlal Statements 8-10 The Following pa9e5 do not form part of the stsiutory accourts.. Detalled Statement of FlnancSal Attlvltles Ilndudlng Income and Expenditure Account)

90 North Foundation Company No. CE025762 Trustees. Report For The Year Ended 5 AprÈl 2025 The trustees present their report and the financwl statements for the year • 5 April 2025. O)Jectlves and Actlvltles Alm$ and ObJectl¥e$ The object of the Foundatlon 15 to prorte the ry)nserVati( of the biodiversity of the Central Arctic Ocean's ICAO) hSgh seas region for the benefit of the Arctic ¢ircumrn)lar twples. torIt and Ih@ wider global public. Slgnlflcat)t Actlvltles al Conducting or comrnissioning rnarinebiodiversityleojsystem research In the context of vessel.related irnpacts and promoting the progress and wbllcatlon of such research. bl Organislng projetts. programmes and acDwits that inform the key stakeholder group5 Jnd the 8rlti5h ond intemational publlc about the Issues facing the region's biodiversity and the solutions. cl Promoting science-based conservation measu$ which can underpin the establishment of a marine protected area lor equivalentl For the hlgh seas reglon OF the CAO. Grantmaklng A policy on grant-m3king was approved by the Foundation's board for the awarding of grants for research to be undertaken by tlie University of Exeter. Volunteer$ WÈ had nlne British/overseas volunteers worklt)g withln our Specjal Advisory Group and one volunteer worklng on proletts with only out of pocket expenses payable. The four trustees on the board of trustees are satfjsfled the wtAtc beneht wulrement demanded of 90 North Foundatlon is met. A11 tnlstees are awart of the levant guldano •nd are kept INftmd of any changes by the Charfjtyes Commls$lon by ernailed updates. Achlevements and Performance Maln Achlevements From Aprll 2024-Awil 202S (Year 4) work contlnued to be focused on matlne research, public communlcatlons, and pollcy advocacy. A comprehenslve arsd substantial vRbsite was kept upJated.' Jn¢l a comprehensive 'Mission Overvlew. do¢urnent w)s updated. Letter5 of Erigagement contlnLd to be attlve wlth accountancy practe (Long Bennettsrrc Group) and legal practlce Istephens Scownl. A Mernorandum of Understsndlno regaldlng a yth partnership between the Ursiverslty of Exe¢er and the chgrlty tontinued to be active. enabling the vrsiversity to host the Arctic Ocean Research Unit. A new resÈarth pèrtnwship wa5 e5tablishtd by legal contract with the UN-affiliated World Marltime Unlverslty based In Malmo, Sweden. The charlty commisstoned Its first UN rep)rt from the WMU. to be published in Autumn 2025. The report, title is,. The Arctic Ocean Re9ion'. Biodiversity. Govemance & Protettive Measures. Its ¢(luSIonS will Inform which 5peclfic, UN-approved, protective measures may be aFvopriate to advance thmugh the Intematlonal Madtlme Oryanizarion andltrr the envlsaged UN Hlgh Seas Treaty. A corporate partnership wlth vessel-rnoTritorlng seThice. Condmjs. Involvlng suA)ly of data enabled Inltlal researth and scoping to begin on the developrnent of an brnproved Arctic Ocean Vessel Monitoring & Kepotting servlce. A public education docu-short filrn 115 minutesl was made. titled Out Stackl whth expL41Trs the proxlmlty OF the UK to the Arctic and therefore the relevance to Britain of Arctlc Ocean Issues and solutsons. A sene5 of keynote speeches were made at national and international c0Trfererts at(sut the charity's work ènd advancing its policy solution for the protettion of the CAO'S bdiverSIty. Podcast Interviews were given anil pnHnoted.' and the frequency of soclal rnedla 4)sts was Increased. A regular column was agreed, and written, for International magazifie. Oceanographic. Relationships vjere tablished with substanbal ocean-lnte5t8j 9rant-awardtng bods in the US and Europe. and grant applications were tnade. Page I

90 North Foundation Trustees, Report (continued) For The Year Ended 5 April 2025 Financlal Revlew Financial Position The turnover of the Foundation was below approximately £223.000. It remaird in credit. It had fio outstanding liabilities. Jnigo Ltd made iJonation5 totalling E190,000. The Fishmongers Company's'Fishenes Chantaue Tnjsv gtsnted £25,000. Golng Concern The charity operate5 in a highly skwa115t field geographically and is focused on securing global public benefits. Thls Seve1¥ limits sour5 of funding. It continue5 to be dependent on grants from UK and intemational awardlng bodies and corporate donat¢on5. Rlsks faclrty the th•rlty Insufficlent fundlng ro undertake the three areas of work at the Plann scale. structure Gov•rnan¢e ond Manè¥ement Gov•rnlng Document Go¥ernlng document The charity is controlled by goveming dcrtument. ) deed of rru$t and constitutes an unlncorporated charlty. Chjrlty constltutlon 90 North Foundation is a Charitable Incorporated 0ryan1sat)n and Is governed by a constibjtlon. Trustee Seleetlon Mtth•ds Recrultment ènd appolntment of new trustees Apart from the first trustee, every trustee must be appjnted for a terrn of three years by a resolutlon pased at a properly convened meetlng ol the Foundation's trustees. In selecting Individuals for apintMent as trustees. the Foundatlon's trustees must have regard to the skllls, knowledge and experlence needed for the effective administrntion of the CIO. Inductlon and tralnlng of new trustees The trustees will make available to each tntstee, on or befo hls or her first aIntment.. a copy of the current version of the constifutionlgoveming docyrTnt.' a ¢opy of the Foundation's latest Trustees Annual Report and statement of ccounts. Wld*r network The Foundation had no etnployee5 on a payroll. All paid w£¥k wa5 uDdertaken on a freelan basis by Indlviduals or through contracted 4gency 5ervice5. All svork lor the penod April 2024 - April 2025 was tommis5ioned by the board of trustees and deliveredlmana9ed by the chanty's executive director ¥vho was pawj throu9h Pen Hadov• Consultancy Ltd. Referenc• and Admln55tratlve Detalls Trustees Mr Peter Hinchliffe Mrs ElainÉ Haye5 lappoiTrted 28110120241 Professor Brendan Godley (resigned 07107120251 Mr David Williams Professor Helen Findlay lappotnted 13110120251 Mr Ne11 Roberts (appointed 07107120251 Charity Number 1194573 Company Nkbmber CE025762 Page 2

90 North Foundation Trustees. Report (continued) For The Year Ended 5 April 2025 Principal Address Little Orchard Bedchester Shaftsbury Dorset SP7 OJU Independent Examlner Niss S Rogers CA One Plus One Ltd 34136 Fore Street Bovey Tracey Devon TQ13 9AE Page 3

90 North Foundatlon Trustees. Report (continued) For The Year Ended 5 April 2025 Small Ctsmpany Rules This report has been prepared in accordance witb the sFec¢al provisions rdating to companie5 subject to the Small cotnpanies regime within Part 15 of the Cotnpanie5 Art 2(X)6. The trustee5' report was approved by the tr>Jard of trnstees and styned on its behalf by.. Mr David Wlll. m$ Trustee 9 March 2026 Page 4

90 North Foundation Independent Examiner's Report to the Trustees of 90 North Foundation For The Year Ended S April 2025 I report to the charity trustees on rny examination of the accounts of the Cornpally for the Year eNYed 5 April 2025. Responsibilities antl Basis of Report As the charity trustee5 of the Company land alsa it5 directors ft>r the purw>ses of company lawl. you are respDnSible for the preparation of the accounts in accordance with the requirements of the Cornpanie5 Art 2Tr)6 (Yie 2006 Art"). Having satlsfied myself that the accounts of the ComparTry are not requir ro be audited under Part 16 of the 2006 Acr and are eligible for independent exaFnination, I retK)rt Itb re5pert of my exarnination OF your charity'5 accounts a5 carned out under section 145 of the Chanties Art 2011 I'the 2011 Act'l. In carrylng out my examination I have followed the Direttions given by the Chanty conimissi under section 14SI51 Ibl of the 2011 Art. Independent ExamSnerfs Statemert I have completed my examination. I confim) that no matters have come w my attentlon in connectlon wlth the examlnatlon glvlng me cause to believe.. 1. accounting records were not kept in pect of the Company as wuired by sec14on 386 of the 2006 Act., tsr 2. the accounts do not accord wlth those records.. or 3. the accounts dc not cornply with the accounting requirements of sectioTh 396 of the 2006 Act other than any requirefflent that the ècrount5 give a 'lrue and fjir vw, whKh is rt a matter con$sdered as of an Iridependent examination. or 4. the ateounts have not been prepa1 In a¢cord)nce with the method$ and principles of the Statement of Recommended Practice for accountin9 and reportSng charit*5 applicable to charltie5 preparlng thelr accounts In accordance with the Financiol Reportlng Stondofll opphcoble in the UK ond Republic of Ireland IFRS 1021. I have no concerns and have come aeross no Oter matt•s IA tonnectlon wlth the examlnation to vrfhlth attention Should be drnwn In this pOrt In order to enable a proper understandlng of the accounts to be reached. MISS S Rogers 9 March 2026 34136 Fore Street Bovey Tracey Devon TQ13 9AE Page 5

90 North Foundation Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 5 April 2025 2025 Total funds 2024 Unrestrlcted funds UnrestrÉcted Restricted funds funds Notes INCOME A14D ENDOWMENTS FROM: Oonarions and leoacies Investrnents 197,761 151 25,000 222,761 151 143.000 74 197.912 25.000 222,912 143.074 ExpffNDURE ON: Raisiiig funds Charltable activitie5'. 1150.5941 125,0001 1175,5941 1104,5241 NET INCOME 47,318 47,318 38,550 NET MOVEMENT IN FUfrIDS RECONCILIATION OF FUNDS: Total funds brought forward 47,318 47.318 38.55D 7.389 7.389 131.1611 TOTAL FUNDS cARe0 FORWARD io 54,707 54,707 7.389 The nore$ on pages 8 to 10 form port of these hnonual ststements. Page 6

90 North Foundation Balance Sheet As At 5 April 2025 2025 2024 Unrestricted Restrirted fund$ fund$ Total funds Total fund¥ CURRENT AssErs Cash tt bank and In hand 56.977 56.977 14.242 56,977 56,977 14,242 Credltors: Amounts Falllng Due Wlthln Othe Ye4r 12,2701 12,2701 16,8531 NET CURRENT ASSETS ILTABILfrIES) 54,707 54,707 7,389 TOTAL ASSETS LESS CURRENT LIABILITIES $4,707 S4.707 7,389 NET ASSETS 54,707 54.707 7,389 FUNDS OF THE CHARITY Unrestricted Funds 54,707 7,389 TOTAL FUNDS io 54,707 7,389 For the year ending 5 April 2025 the charitsble company was enlled to ememptyon from audlt under sectlon 477 of the Companles Act 2006 relatjng to small companies. The members have not requlred the ¢h)rir•ble compafiy to obt•lh •n •LrtiIt lrt )¢¢•rd•n¢e with $ethon 476 of the CompanSes Act 2006. The trustees acknowledge thelr responslbllllies for complying wlth the reoulrernents of the Act wlth respect to accountlng records and the preparation of accoullts. These accounts have bEen prepjred lfi accorthnce wSlh the prov65knns oppllcable to cornpan subjett to the small companles re9lme. On behalf of the btsard Mr David Williams Trustee g March 2026 The notes on pages 8 to 10 form part of these finaociol staternents. Page ?

90 North Foundation Notes to the Financial Statements For The Year Ended S April 2025 l. General Inlormation 90 North Foundation 15 a Charitable lTrtorrKxèted OryanisatKJn. Incorpordted in England & W6le5, rrfisteTed number CE025762 and reglstÈred chartty 1194573. 2. Accounting Policies 2.1. Basis of Preparatlon of Flnanclal Sttements The financlal ststements have been prepared In accordan with the Charitie5 SORP IFRS 1021 "Accountlng and Reporting by Charities-. Staternent of Recornmended Pr4ttl applicable to chanties preparing their accounts in ccordance with the Financial Reporbng sta[ard apklicable In the UK and Repuwic of Ireland IFRS 1021 lefftrctlVÈ L January 20191" Financial Rewrtin9 StaThJard 102 "The Financial Reporbng Standard applicable In the UK and Republic of Ireland. and the CompanE5 Art 2006. The charitable cornpany 15 o Publlc knefit Entity Js definl by FRS 102. 2.2. Incoming Regources All income is recognised In the Statement of Financial Activifies once the charity has entlement to the fvnds. it Is probable that the income will be received and the anuTh1 caTr rneasure(J reliabty. 2.3. Resources Expende Liabilities are reco9nised as expenditure as soon 05 there is a legal or COnstnrie obllgatbn cotnmitting the charity tp that expenditure, It is probable that a trnr15fer of economic benefits will be required in 5ettleffletit atid the amount of the obli9ation ean be rneasured reliabily. Expenditure accounted for on an accruals basis and has been classlfied under headings that aggregate all cost related to the category. Whwe costs cannoi be directly attributed to partlcular headin9S they have been albv¢aied to activit on a ba&s conststenl Wlth the use of re50ur¢es. 2.4. Cash Dnd Caoh Equlvol•nts Cash and eash equivalents ao basic financial assets and Include cash In hand and deposits held at call witli banks, other short-rem hlghly liould Invesvnents that rnatu in no more than th mont#s from the date of acqulsltlon and •re readily ¢onvertibSe to 8 known anY)unt of cash wlth lnsl9nifint r15k OF chafi¢ in vblue. and bank overdrafts. 2.S. Tamatlon The charity Is exempt from tax as all Its Incor Is charftable and applled for ChatatsIe purposes. 2.6. Government Grant Government grants are recognised In the sta¢emeTrt of financlal actlvltyts In an opproprtate manner that matches them with the expendlture towar£ts which they are Intended to contribute. Grants for Immedlate flnancial support w to cover costs already iThtur a recognlsed immediately In the ststement of flnancial activities. Grat)ts towards general artlvities of the entity over a speclfic period are recognlsed In the statement of flnanclal activities over that period. Grants towar(Js fixed assets are reCOgned over the eXtel useful Ilves of the related assets and are treated as deferred incotne and released to the stètement of financial activities over the useful Ilfe of the asset concemed. All grjrits In the ststement of fin4fi¢1o1 Jtti¥ities are iec¢gnised when all conditlons for receipt have been cofflplied wlth. 3. Zncom• Irom Donatlon8 and Le9acles 2025 Unrestrlcted Restrtcted Total funds funds funds Donations and gifts Grants 197,761 197.761 25,000 25,(K)O 197.f61 25.000 222,761 Page 8

90 North Foundation Notes to the Financial Statement5 (continued) For The Year Ended 5 April 2025 2024 Unrestricted Restricted Total funds funds funds Donations and gift5 Grant5 143,000 143,000 143,000 143,000 4. Investment Ineome 2025 2024 Unrestrltted Unr*strlcted fndS funds Bank inteost recelvable 151 74 5. Analysls of Expendltur• 2025 Support costs 15ee iiote 61 Raisino funds 175,$94 2024 Support Costs lstt note 61 Ral$ing fvnds 104,524 6. Support Costs 2025 Ralslng funds General admlnlstratton Interest payab Govemance costs 172,714 255 2,625 175,594

90 North Foundation Notes to the Financial Statements (continued) For The Year Ended 5 April 2025 2024 RalsTrng funds GetTrÈral administration Inte$t payable Govemance costs LOI,266 314 2,944 104,524 7. Av•rage Number of Employees Average number of employees during the year was: NIL12024: 1 8. Cr•dltors: Amounts F•llln9 Due Wlthln One Y•r 2025 2014 Other credltors 2,270 6,853 10. Mtsvernent In Fund As at 6 Aprll 2024 A• at 5 Aprll 2025 Incom• Expendltur• Unrestrlcted fund5 General.. General unrestricted Fund Restrlcted funds Fishmongers, Company's Flsherles chatable Trust 7,389 197,912 1150.5941 S4,707 25,( 125.0001 Tot•1 funds 7.389 222,912 1175,5941 54,707 As at 6 Aprll 3023 As at 5 Aprll 2024 Ineome Expendlturn Unrèstrlrtd fund General.. General unrestrlcted fund 131,161) 143.074 1104.5241 7,389 TotJl tunds {31.1611 143.074 1104.5241 7,389 11. TransactSons wlth Trustees No trustee expenses have been incurred. 12. Related Party Dls¢105ures There have been no related party transactions in the portir pwK)d that require dod05ure. (Ir the previous year a trustee was repaid a loan in full which was lent in the year to 20231 Pa9e io

90 North Foundation Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 5 April 2025 2025 2024 Total fund$ Total funds INCOME AND ENDOWMENTS FROM: Donations and legacles Donation5 and gifts Grants 197.761 25,000 143,000 222,761 143,000 Investments Bank Interest receivable 151 74 151 74 222,912 143,074 EXPENDITURE ON.. Ra151ng funds Computer soft¥Yère, consumables and maintenance Prlntlngi Postage and statlonery Advertlsing and markeiing costs 16831 12741 11181 114,4091 19201 1611 ii.iooi 1161 Other marketin9 Costs Professional lees Subscriptions Entertsinlno Sundry expenses FelanCer fees Executive director's fee5 Travel & subsist•nc• Hotels Bank charyes Accountancy fees Legal fees 152.3711 12,4361 1841 1901 16,2041 174,5001 13,5121 14721 13141 11,0001 11,9441 136.5431 {79,1651 11.0211 12551 12,6251 1175,5941 1104,5241 1175,5941 1104,5241 NET INCOME 47,318 38.550 Page 11