EP RTA NANCI ENTS FOR 31ST DECEMBER20 20/20 LEVELS 2nd Fbor 26 Gotsd9e Street London. WT 2QG REGISTERED CFL4R 8285 20/20 LEVELS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- DECEMBER 2024 CONTEwrs Page Trustees Annual Report 10 Independent Examiners Report 11 Statement of Financial Activities 12 Balance Sheet 13-21 Notes forming part of th8 Financial Statements 20/20 LEVELS ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 Le l and a(knlnlstratNe detaus The Iwthesprewi ￿eir4nnUaI reportand finanual slalemenLs ofthe tharityforthe yearended 31st December2024. The finanaal StalBmeThts hBve been prepared In armrdBnr* with the accounbng policies Eèloul in notr 1 b theacwunts and complywitt the arity¥ rAnstiiution. the Charitie5 Ac12011, andAccountng and Reporting byChariYe$'. StatemenlofReo)mmend8d Prad¢e applicable ta chatilie5 pEparingtheiraEcounts in a¢ts)rdance with the Financial Reporbng Standard appll¢able in the UKand Republlc ollreland- Charities SQRP IFRS 1021.. and the FinanrAal RepDring Stsndard applicable in tre UK and Republicollre12nd IFRS 1021. 2020 Levels Is registered with the Chantycornmissioners undernu¢nber 1198285 8s8 CIO Fwndabon. ReyisteFad 17th Marth 2022 a5 amended on 4th January2023 asameTKled on 16th M8¢ch 2023. The Ch8Mty Trusbey forlhe ye8rended 31StD￿rnber2o24 were.. Mrm OeGioryio Chairpewn (Re$￿Tred 28 klarth 20241 MrNicholas Duff Inlerim Chairperson IAppoin*d 28 March 20241 Mrmuwrimi Kupar8 Ch91rper8on (Appointsd 2 January20261 Mrs Caroline Winr£nl TrEa5urer (Appoinied 2 January2D251 Mary Q4bson Tru$t8e Mr Nicholas Gold Truslee Miss Hannah Slaw Trustee Miss Isotyn Donaldson Ellison Trustee Mr Anton Ruddock Trustee Mt5 ma￿￿e v￿￿li*2ker Trusts6 MrAndyCry5ell Tru5tse IRes*ned 28 Mjrth 20241 (Appointe¢ 28 March 2024,Resigned 28 March 20251 (Appointed 2 January20251 Chi8f Execub Duro Ctye Banke Metro Bank PLC Indepe￿JenIExarnIntrn'. Cocke Vell8cott& Hill Chartered AC￿￿￿￿nts, Unit 15 City BusSness Centre, LowerRoad, London. SE16 2XB PnncipBI addre5S'. 19-21 Garden Walk. LondDn EC2A3EQ Registered address.. 2nd Roor. 26 lkndge stre&L Atro￿8, London,W1T20G Is•th￿ anda¢tlvltk8 To advan￿ in lif8 and relieve the nead8 ofyoung people who 8r&froma souBllyand econ0n￿e81tydts8dWaA￿ged backgrwnd Sn particular bulnotex¢lvlvelythrough the prowsion ot. Al Mentoring, trairiing and education ￿U[s08 in entr&preneuf5hlp. business, and the 5eekTn9 and rn18n#onofemploymenl and etr)8r lits skills: Bl Finantsal assistsrice. tODl$. equlpm6nlorsuch OLh8r itern$ as Shall In the opinlon orth& trustees bè ola551sL3nce enable th8 young person fr) pursue 8nd develop tsXelri(teaas a bu5ine88 VtntureorfiJrtherd8velop Ihelrwrnmenxal and bu5slne5S 5kills', l Assistante *J and relain employmenlhrough pl8cemenlpro9rammes. and suth olh8rway889 rnayin Iheoplnion olthe bwstees be thoughlfilorolassistarKe to relieve the needsofyoung peopl•', DI Educab"on an¢ ihe ralslng ofawarenesswithin the widerummunity and 8rn0ng51potentialemptoyBrsofthe needsef young people froma socially and econornicallydi5adv8niaged background, Publlc bonTrfit In r8viewlng thg Charftys obl•cff¥es and aC￿￿be5, the TNsteeshaveconf4dored the guldellne$laid down bythe Chailtycomrri￿0n in relation to public benefit The Tru5tee$ ar& ofthe opinion thaithe Charftyboblecbvesand a(*vibes are *kllyin aw)rdance therewith. 20/20 LEVELS Trustees Annual Report 2024 Our vlslon To create a society where opportunities are readily available to all young people, regardles5 of race or socioeconomic background. Our mission To empower Black and racially underrepresented young people through opportunities lo maximise their polenlial. Our values We Own It And We Are On Itl We Are Selfless Leadersl We Arelcreate A Safe Spacel We Choose Positlvity Over Everything. We Are For You And With Youl Our Programmes This was the first year we combined the delivery of our two flagshlp programmes.. l Am Change and Levels. Both provide personal development whilst the former with an additional focus on young people's careers development, and the latter focusing on entrep￿neur development. We delivered Ihree cohorts for each programme last year. l Am Change A 12-week programme equipping participants with the mindset and skills for long-temi growth and employmenl. This programme conslsts of core sessions such as 'Understanding the mind,. 'Leadership responsibility, and 'Emolional intelligence,. as well as career masterclasses such as 'CV and InteNiew Skills,, 'Financial Literacy, and 'Mindfulness'. At the end of the 12 weeks, candidates must attend our Job Fair and Mock Interviews. hosted by our employer partners. This provides an opportunity for candidates lo pul into practice their leamings arKI network with prospe¢tive employers. It also provides employer partners access to a fresh pool of career-ready, hungry and diverse talent to recruit from. Levels A 12-week programme empowering entrepreneurs with essential skills and opportunities for success in business. As well as attending the aforementioned core sessions, candidates must Complete our Business Masterclasses, which cover topics such as Marketing, Finance and Pitching. Each entrepreneur 15 Gonnected to a mentor, who provides oneryonryone guidance to help overcome challenges and seize opportunities. Al the end of the 12 weeks. candidates have the opportunity to pitch for equlty free fundlng. All Levels partlclpants submit a video arguing why they should be shortlisted. with three selected and inviied to our Pitth Night. There they present their businesses to a panel of expert judges, who provide constructive feedback and select a winner. 20/20 LEVELS Mentoring Throughout Ihe programme, we also connected 142 candidates with 135 mentors. We have found this lo be a great way for candidates lo not only receive dedicated professional support but also build their professional network and gain access to opportunities which they otherwise would not have access In thelr existing circles. Graduation At the end of Ihe year, we host a graduation ceremony. This officially marks the point where our programme candldates translllon into our alumni nelwork. This was our biggest yel- over 450 people attending. The ceremony is an opportunity to celebrate our candidates successfully completing the course. our partners lo directly engage with our young people and 20120 Levels as an organisalion to reflect on the successes of the year gone by. Our Alurnni Our Talgnt & Engagern8nt team provides a whole host of 5UPPOrt services to our alumni. This includes Talent Placement services, hosling events and providing intemational experien￿. Talent Placement A unique offering to 20120 Levels is the dedicated support we provlde to our alumni and employer partners. Our Talent Acquisition Advisor supports alumni in finding and applying for jobs as well as acting as a bridge between alumni and employer partners to help successfully navigate probationary periods. We do this because we understand the issue is not only with recruiting diverse talent. but also retaining diverse lalent. As a new generation enters the workforce. we appreciate the need for organisations to adapt, b8 more indusive and sometimes need support navigating challenging conversations. In 2024. we supported 67 young people into jobs with 59 different employers. 29 alumnl placements were through 10 direct employer partnerships. International experignce In 2024, we launched our second international experience programme - The We Are Love Retreat, located In Mandali {Italy} in partnership with Mindful Talent. This gave our alumni access to heal and grow. The Mandali relreat offers a lif&changing experience for these young people, providing a safe Spa￿ wth medilalion, mindful hikes, and Community to foster personal developmenl and empowerment. Our Impact Data In 2024, we had the following impact.. 459 black and racially underrepresented people supported 270 people supported on our programmes 142 people received mentoring 135 mentors 67 people helped to get jobs 122 young people who received dedicated p05t-programme career coaching 13 events hosted 122 alumni attended events. 20/20 LEVELS Case study l Am Change JB graduated from university in 2023 with a degree in Interna￿Onal Relallons and was seeking a job as an asset manag8mgnt analyst. Seeking guidance. enrolled onto the l Am Change programme after18aming about il through a friend. Throughout the programme, JB aclively participated in every session, appreciating the camaraderie among like-minded peers and the exposure to new knowledge and resourc8S. He found the experience invaluable. particularly the mentorship component. He was matched with a senior executive from one of the program's corporate partners, who provided essential advice and Insight5. During th8 mock interview phase, JB stood out as a talented candidate and received an offer from the 20120 Levels employer partner for a sales role. After a discussion wilh our Talent Acquisition Advisor, he learned that while this position could lead to further opportunities, it was quite different from his ¢arè8r aspirations. Taking this into consideration, JB decided to decline thg offer. With the support of his mentor, JB was introduced to a senior figure In another organlsallon. He interviewed successfully for the ro￿ and is now thriving as a full-time Business Analyst. This journey not only helped him secure a meaningful position but also reinforced the Importance of mentorship and ne￿OrkIng in navigating his career path. Levels One of Ihe founders of Endoiiment embaTked on a transfomiative journey wtth the Levels program. Endoiiment, a community-focLtsed venlure, aimed to bring people together through a shared love of sports. creating a nostalgic experience that fuelled inner competitive spirits while providing a safe space for all. As part of the program, Levels candidates were given the opportunity to pitch for a £2,500 prize before a panel of fourjudges. Endoiiment were one of five entrepreneurs shortlisted for the Pitch Night. While the pitch was impressive. they narrowly missed out on securing the prize. However, the presentation caughl the attenlion of a generous individual in the audience who decided to match the £2,500 prize money as courtesy of a charitable foundation. The founderfs joumey through the Levels program showcased its profound impact. They successfully bulll a ￿e￿Ork of like-minded individuals, secured investment which provided a much needed financial boost and in our eyes, most importantly transfomied the founder. They came out of Ihe programme with a newfound confidence in being able to articulate their business vision, building towards their goals and Ihe confidence to netsvork and build relationships. In their own words. "IVS a great initiative, and I'm forever grateful for you guys believing in Endoiimentlli 20/20 LEVELS Candidate testimonial The following is a testimonial from candidate RF who completed our l Am Change programme: What was your favourite thing about Ihe program? The people who facilitated and managed11. I think you guys did such a fanlastic job and most importantly you were all authentic and just yourselves which is something that definitely contribuled to rne continuing to attend sessions and made it a naturaveasy space to be in. For someone who is neurodivergent this meant that it would not take me as much energy to attend and I didn't feel I had to mask. RF How have you developed personally. I've had the opportunity to be mentored, meet awesome people and be in a group setting where everyone is trying to further themselves all in their own ways. I feel more hopeful, I've learned so much. I'm more employable and I feel like St's helped curb my anxiety about where l am in life and what the fijture looks like ahèad of me. Those are things that were really stress inducing for me as I felt really lost and confused and lust a little hopeless about whether I could ever be able to fulfil the potential I have. Taking this program has helpad ease those worries. I'rn also more Ilkely to be using my network- I mentioned to my old business teacher today that I facilitate school workshops so to book me rf he's looking & got a positive response. I feel more able to tap into my nehvork and be less guarded about what I'm doing and with who. Financial RoVi•W The charity in a stable financial position, timing differen￿S, and accrued expenses impaded the downtum ending the period with negative reserves of -£8.815 (£78,209 in 2023). The balance shown on unrestrfcted funds amounted to -£29,6151£65,363 2023). The policy of the Charity aims to maintsin unrestrict8d funds equal to three months, which are the free reserves of the Charity, at a level which maintains the Charivs capability to respond to any urgent requirements. Having not been achieved this year due to the nature and timing of the funds received, the Trustees consider ongoing funds to be sound. Restrictsd Incomo To reflect the nature and timing of funds recelved, financial reporttng and ongoing contracts, Ihe funds held for a specific purpose are reported as restricted funds. This amounted to £20,800 in 2023 I£Nil in 2023). 20/20 LEVELS Golng concern To assess the 8ppropriateness of the going concem assumption basis, the Trustees have onsidered the Foundations. financial position, reserves. and forecasts for the foreseeable future. They have considered the assumptions underlying those forecasts and the impact of the potential risks affecllng them. Having made those enquiries, the Truslees have a reasonab18 expectation thal the group will be able to continue in operation and meet its liabilltle$ as they fall due for at least Iwelve months from the date of signing this report. For this reason. they continue to adopt the going conc8m basis in preparing the financial statements. Structure, governance & rnanagement 2020 Levels is registered with the Charfty Commissioners under number 1198285 as a CIO Foundation. Regislerad 17th March 2022 as amended on 4th January 2023 as amended on 16th March 2023. The Board of Trustees are set out at the start of thls document. The Board meet four times a year. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses redaimed from the charity are set out in note 12 to the a￿Unt5. Appointment of new directors is subject to the Goveming Document. The trustees perfomi a skills audit annually to identify skills gaps in the board members. Recnjltment is subject to that analysis. A selection panel (minimum of Ihree members) assess applI¢￿tionS and make hiring decision. Induction and training of Directors and Trustees are completed with each current board member. Trustee5 can be appointed at any polnt durlng the year. Induction commences with the next scheduled board meeting. Induction and training of new Trustees is informal, mainly covered by word of mouth and attendance at meetings where policy decisions are taken, and matters of con￿rn discussed. There is no specific training policy at present. 20/20 LEVELS ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 statement of Trusteès. rfrsponsibilities The Trustees are responsible lor preparing the annual report and the financial statements in accordanG8 wih applicable law and Uniied Kingdom Generally Accepted Accounting Practice. Law applicable lo charilies in England and Wales iequires Ihe Trustees to prepare financial ststements for each ffnancial year, which give a true and lair view of the Charily's financial activities during the year and of ils finai)cial position al the end of the year. In preparing those financi81 statements, the Trustees are required to.. select suitable accountng policies tren apply them consisten￿Y'. obseNe the methods and principles in the applicable Charits"es SORP.. make Judgements and eslimales1hal are reasonable and prudent., slate whether applicable accounting standards have been followed. subjèct to any material departure5 di%losed and explained in the financial statements., prepare the financial stalements on a going concem basis unless it 15 inappropriale to presume that the Charity will continue in operation. The Trustees are responsible for keeping accounbng recoids which disclose with reasonable accuracy at any ty.me the financial p0511ion olthe Charity and Wh￿Ch enable them to ascertain the financial position of the Charity and enable them to eiisure that Ihe financial stslements comply with the Charities A¢1 2011 and Ihe applicable Charities SORP. They are also responsible for safeguarding the assets of the Charity and hence for tsking ￿2$Onable steps lor the preVen￿on and detection of fraud and other irregularits"es. On behalf of the board of Trustees Dated 14th October 2025 QV/H Cocke, Vellacott & Hill CHARTERED ACCOUNTANTS Unil 15 City Businesscentre Lower Road LONDON SE16 2XB Tel.. 020 7194 1717 Web.. WWN.cYh3ccountants.co.uk INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 20120 LEVEiS I report to the charity trustees on my examination of the accounts of 20120 Leve151"the charitv) for the year ended 31 December 2024. RESPONSIBILITIES AND BASIS OF REPORT As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charltles Act 20111"the 2011 Act.). I report in respect of my examination of your charity'5 accounts as C8Tried out under section 145 of the 2011 Act I'the 2011 Act"). In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 14515llbl of the 2011 Art. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 111 accounting records were not kept in Tespect of the charity as required by section 130 of the Act,. or 121 the account5 do not accord with those records,. or 131 the accounts do not cornply with the applicable requirement5 concèrning the form and contents of atcounts set out in the Charities IAccounts and Report51 Regulations 2008 other than any Tequirement that the account5 give a "true and fairt view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the exarninatlon to which attention should be drawn in this report in ordèr to enable a proper understandin8 of the accounts to be reached. ."A LLf¢r/&- DAVID WARREN 8A FCA Cocke. Vellacott & Hill Unit 15 City 8usiness Centre Lower Road LONDON SE16 2XB 17 October 2025 D.K. WARREN (Partner) K.A. PANAYI (Partner) J.A. RUSSELLIConsultantl C.W. BftAILEY IConsuk3lltl Coike. Vellathtt & Hill is è Partrtetshlp ret15tered to ièriy out audit work the UK by the Inititute of Chartered A¢¢otsntants kn Effl4iand 4nd wèle5. oet&i& of our audit iÈWStration bewewe¢ 4tvthyAUthtreg￿t*r.Dr￿Ukuftdtl refe￿1￿￿ nUmberc￿531052O. 20/20 LEVELS 1196285 Annual 8ccounts for the eriod Levels Pemd Stafl dalt To 0110112024 3111W 24 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024 Rostrlrtèd Unrestrlctsd fund N￿￿$ funds Totsl 2024 2023 In¢ornin# r&sour¢tr8 and¢r￿•￿S from.. 491.365 35,200 442.096 Total 498,699 35,200 533,899 442,096 Re5ouYces expended ÉxpDrAtLYI on.. 7,765 585,912 13.814 437.255 14.400 rotel 593,878 14.400 608,D78 451.069 Net Incomell8xpendlturel Igq,9781 20,800 174.1781 18,9731 Transfer5 between fvnd$ Net mov•ment In lund$ 194.9781 20,800 174,1781 18.9731 Recon¢ilialion of funds.. 65.363 74.337 Tolalltsnds c8nAed fo￿ard 129.6151 20.8(X) 18.8151 65,363 The notes on pag8s 13 to 21 fomi partof theBe finBndal statsments 11 20/20 LEVELS BALANCE SHEET AS AT31 DECEMBER 2024 R•Blrlctéd lrtcom8 fvnds UnFostrlctèd lunds Totsl 2Q24 7olal 2023 Fixed assets Tangiblo asSgt5 1,483 1,483 1,483 1,483 905 905 Totalflxéd ass•ts Current assets DèbtOf5 cash at bank and in hand 830 17.5811 16.7511 5.519 13,219 ￿lIF11 71.127 76.646 20.800 20,800 th'.'h* 14,049 To¢Jlcunpnt a5591$ Creditors: amounts falllng duowlthin one yeor 24.347 24.347 3.213 14•tcuff•nt a$S8t￿lIabIlItIeS) 131,0991 20,800 110.2991 73.432 rotal88sets les$ cuThpnl li4bilitie5 1?9,6151 20,800 74.337 Totalngtossets orll8bilttles 129,6151 20,800 18.8151 74 337 Funds of the Charlty Reslrfcted income funds Unrestricted funds Revaluation reserve 20.800 129,6151 29.615 65,363 Totalfunds 129.6151 20,800 65,363 S¥ned byone Ort¥￿ tWStse¥ on b2ha¥ofall the Iwstees SwJngiute Print Name 08ie ol appTrJval ddI￿y￿ Muvirlmi Kupara 14 Q¢tober2025 The notes on p485 13 to 21 form part of the5effinan￿aI statements 12 20/20 LEVELS NOTES TO ThE ACCOUNTS FOR THE PERIOD ENOED 31 DECEMBER 2024 Note 1 Sumrnary of significant accounting policies and key accounting estlmates The principal 8ccounlkig PorK￿ apph'ed wi th epreparath)n of Ihe financi41 staletnenls are sel OLrt be￿￿. Th8s8 p(A¢es have be8n c0n5l5te￿Y apklyad to all th8 p8rioxJs presented unles5 OtherW￿e slated. 1.1 BASIS OFACCOUNMNG These a¢Gwnts have b*n prepared undsr the h￿t￿lCa1 cost conventbn wrth items recognksed al¢osl or IransactDn va un*ss olherwise stated h the ra￿Vant not8lsl lothese aCco￿ls. 1.2 STATEMENTOFCOMPLIANCE The accounts have been prepared in accordance with Ihe Statement of Rec￿rne￿ded Pra¢lte.' Accounlwig and Reporbng by Chartt￿s pr8parng Iheir accounts in a¢¢ordance with the Financi31 Reporbng Slandard apPI￿ats￿ ￿ the UK and Republ￿ of IreLynd IIFRS 1021 issued In Octobèr 201g 8nd wrfh the CharitE5 AGI 2011. The charty Constitu￿ a publK be,4efft 85 defjned by FRS 102. 1.3 GOINGCONCERN The trustees consbjer that therg are w matertsl uncertainti&s about th8 charty's ab￿ty to cont1nue as a 9￿￿9 co￿ern. As $el out in more detsl in the Tru$lett's annual ieport. The Tru$tees have a reasonab￿ 8xp8cts1￿n that the charity has adeqtJa18 re50urc&s to ¥i operalional exk51ence for the foreseeab￿ r￿ure. The Trustees Ih8refcr8 continue tts adopt goiig concern basF ofaccfMJntir& in preparTrJ Ihe a¢¢wnts. 13 20/20 LEVELS NOTES TO THEACCOUNTS FOR THE PERIOO ENDED 310ECEMBER 2024 Note 2 Accounting pollcle5 2.1 INCOME Rthcagnlllan of In¢ome These ate IncbJded Sta￿￿nI of Finandal ACIN1￿$ ISoFAl%then'. the becorr*s Qnitt￿4 10 tho resou￿9$.. 11 & rrwe Ilkety Ihan noi Ihol the InJsiee6 wl the w5Qu￿￿'. and • rrw•lary be rr¢Jsuwd suificienl Ofv¥ltsn9 There has been no off3ollln9 of assgis and &ybliitK?s. or expgn¥9¥. ￿n￿SS ￿qUI￿d Dr perrTrttg¢ by ih? FRS 102 SORP or FRS 102. GBnts and donath?ns are onty indu4•d ITh the SOFA thg incDrrn rncagnilK>n {5.%0 10 5.12 FRS102 SORPI. In lh• casa ol porfDrnrynl￿ ￿ated grant5. Inco￿ tnU5t onty ba io the Ihat thè chariiy has ￿￿v￿ed Ihe sp8ar￿d goo￿5 trntft￿￿nl ID Ihe grtnt Ontyoctyj￿ pÈrforttthnt* 1P￿t*d l*JndiliJng n*l1S.16 FRS 102 SORPI. Gt&rtts and donador Gov*rnm*nt9rants The chaityttas noi rgc8wgd go￿￿Th￿nl grdnls kn th8 rnport￿g pedod Tax ¢¢¢lalms on Grfi ￿coN￿blO is incoTh vJh•n lh*￿ is a Va￿ ded&tslK)n fpjm thd donar. kny Grft glfts AKI rncovernd on a donslK)n COns￿ered lo be part ol thal grft and A$ èn addi1￿￿ to thp SamB lund 85 the initkql don8lv)n Un￿$5 IM donor or Ihe tem)s ol the appe￿ have SPèCif*d Oihdi*i8e. Fof•ign Curv•Thcy 9￿ denorraiaied hi foTebJn havg been thos8 have been trans￿le￿ illQ Sterling al Ihe rronhlty avepJa8 exchange ￿19 lortBnu¢lK>n$i>r¢yM In lha* mnth. eantraEknI IrLcorn• rtormBnc• r•lJt•d grarf Th$ is onty Induded In Ihe SOFA once the thamy h35 Ihe re￿1•d goods or or MBI Ihe p*rtoThJnce r•bied condiUoDs. Don•t•d ooodj Oonaied 9004$ ale Tr*asuied at larvahJe (lhe ary•uni the assèi be ex¢hangedl Un￿$5 wnpraC1t￿ ts do so. Tho coslof Stock DI goods donat&d f0rd151ribut￿n lo d*on*d to bè lh* la ol thos8 gifts 51 Ihe ol ih81I ￿ceIpl Ihtry*￿ tBCOgnised Otl Teeeipt. In Ihe fvportwig Pel*)d In Ihe stoeks aTe dtsi¢*uied, they are weogn¢ed ès an expense al Ihe catyng amunt of the stocks ai disir*uUon. Donaied oood5 fOr￿sa￿ are ￿ed$U￿￿ al falrvalug Initial r*¢ognrtK>n. Ihe exp&cl8d proce•d3 Irom ￿$¥ lh• expe¢ts¢J c0515 of •niS recognL59d in'lnrA)nw Insm olh8r acllwt￿￿, wlh the cornspondhig stock Trcognised In lh8 balance shpol. On Ihe value Df stock ayainst'lncorn8 In)molhert￿01ng actr4it4e5' ènd Ihp PffJcÈ¢d$ fvom ètso tognistd ag'lncorne ffomtsihèrtrndlty 8¢tNii*9'. Goods dc*Traied loron¥ory use by Ihe charity are teco9nlse4 a5 18ngltde ttK•d incJud•(5 In Ihe SOFA •$ inmrrin9 V4hen rnc¢N&blo. Grfis in for use bylhe chafflty ao Incbjded kn Ihe SOFA as hicoms Iroffl don￿l￿nS reCe￿able. $*fvlc•* *ndf•cllSU•s t)onat8d and lacIrt￿S Inthd8d In tha SOFA wh8n r&CrA￿￿d al valuo ortho gill Lts Ih? ¢harily prowded Ihg v4Ksg ofihe giltcan b8 DDnated SeTh￿e5 and 1&clit￿3 Ihal ar& ￿)nSU￿￿1 rtcogntsed as ¥￿h an eQu￿￿nI Afiwunt rt(ognised as an expenso underlhe appropriale h•ading in Ihe SOFA. Th¢ ¢hariiy has expgn4iturg on SUPPDrt C*lSts. Vdunt••r ￿1P Tht vobJ• ol any ¥oluniary heb) ffj¢èNed Is Doilncluded il ihe •ttounl$ bui * d¢xribgd kn th iyu*ees' annual rnport. I￿oM0 trom l¢)t•r•oc Is induded In tho acctxihts ￿1*4)l xfid gh• ath)uni ¢•c*WA￿ and ¢ttv5d¢n lrt¢omo from M•M￿r*hIP •u¥•¢rlpYons Mètt*>ershV subswiiting me*w•d wl th• na￿1• of o grfl am weogn+50d kn Donèih?D6 and La9acièS. Meffèeth¥ sub50rfplbDs gfves a mernberlhe rfghl lo buy 5ervtes orother b•n•fils • COgni58d as eamtd fFom the p￿¥￿On ofgoods Jnd seNic83 as fnJmch8rthbKI S•tdeni*nl ollrbsur•nc• Insuranu are onty Induded In Ihg SOFA th8 gen8rn1 crleria I15.10 14 S.f2 FRS?02 SORP}and induded Bg tsn Ilèmor oihtl in¢ome in Ihe SOFA. InvqJlm•nt ylrrA and I￿￿¥ Th* Indjdesafiy walsod or unreal6gd Oains oi b$$es Ihe ol ￿v@St￿￿nts and any sain or r8sulling Irom I8Va￿1n9 lo Bt tho ol thq yeAr. 14 20/20 LEVELS NOTESTOTHEACCOUNTS FOR THE PERIOD ENOED 31 DECEMBER 2024 Note 2 Accounting policies 2.3 EXPENDITURE AND LIABILITIES Liabl￿.&5 ar8 tecognisetj it Iketyth8n not Ibal Ihere ￿ a legal or (x)nstnJ¢bv& oblgalvjn committin9 the chaoly to pay Out resounxs and the amunl of the obl￿alK)n b& mga5ured Yith reasonab￿ e8rt8Inly. Ll•blllty r•CognI￿on Support ryjsts have been alocated beMEen govomance costs and Other support. Govemance costs cornprise al Eosis involving pubhc ar￿u￿tabIlitY of Ibe charity and rts Comp1Kdn￿ y￿1h re9￿￿tiDn and 9ood praclKe. GoVar￿n¢t and $UPkXlrtto¥ls Support cos1$ ￿dude central funthoThs and hav6 b88n al￿rated lo actI￿LY rA)51 catego￿5 en a basis consislenl the USB of resou(¢e$, eg alk)Galing prDP8rty (J)$1$ by fioorargas, orper capiia. staff c051s by the lime speni and othercos15 by iheir usage. Rodundan¢y ¢ost The charity rrAde no itrdundanw paymeDiS du￿n9 the rBporting pefjod. l)eferred ltt¢omo No nBler01 item ofdefenEd has been Indvded n Ihe ac￿u￿1¥. rodllors The Charity has Cfediors aro measured at sett￿￿*￿1 awjunls less any Irdde di5couni$ Provl$l•D$ for Il&blllOg5 A IHbiliy ts n*asts￿d on recogn￿On at its hi5tori¢al e¢si and then sub5equenlty rrtasured al the besi estThnèie of Ihe arTh)unl ￿quI￿d lo setile Ihe otAvJalbn al the report￿9 date Tre chadty accoun15 lorba5icfinancial inshumenls on inilwl reco9nition as per par8graph 11.7 FRS102 SORP. Substqutrni rf*asuremanl Is as perparagraphs 11.17 to 11.19, FRS102 SORP. Ba81¢ fith•n¢lal Instrumonts Pen8lon The charity opernle5 a def￿ed contribulw)n WvrtpIa￿ pensK)n $cnem8 and the pènsbn arye tep{e￿nIS Ihe anwjunis payabk by Ihe chariiy to Ihe fun¢J n the ￿tsPe￿ of the year. 2.4 ASSETS ran9lble fixed assets for u$0 by charlty These are capli aSsed if they can be used fDr mre than one year. and ty)st 81 ￿881 £500 Th8y ar¢ v&lued al cost or rf grfted. ai the Value to the charity on tsceipi. o?pr8¢￿?1￿)ft is ￿kUlated al a rdte lo Yfflle off the ￿$1 kss esl¥naled rBsvJu81 vakJ8 of tangib￿ f￿￿￿ a$sol$ over ft5 expected I￿e. - CDtnpuier Equipmsnl 3 Yeats str8vJhl Line DebloT5 (Kitluding trad8 deb10￿ and loans rece1vab￿l&1¢ m8asuted on Inmlal ￿c05n￿￿)n at selllefflenl arMunt aft8r8ny Irade dk£counls orattvJunl 8dvance¢J by the chanty. Subsequently, they arE measured 81 Ihe cash orotheru>nsvJeoiv)n expected lo be receNed. Cash and cash equivabnts kndude cash kn hand. depD$ilS h8ld Al call with bank5 and other short-leThn Ip4uwJ iDvesimenls wth oiriginal rrh3luril*$ of thre8 nKnlhs orless. Unrtslficied ￿0)mE funds are generdl fund$ thai are avkibble foruse at the Irusiee$ dkcreiion in lurtherdnce of the obpLtNes of the tharfly. D&btors ajh and Gash equlvalents Fund structure Resirided IncorfÈ lunds are those donated for use in a p8rtiwL4raFea orfora $pe(ifi¢ PU￿Se. the use of whkh Ls teslriGted to that arta or purpose. 15 20/20 LEVELS NOTESTOTHEACCOUNTS (CONTINUED) F¢JR THE PERIOD ENDED 31 DECEMBER 2024 Notè 3 Analy5bS of incorne Urts#iwlet*d R05tr1ct•d IrKrmo Tthai 2024 T(*al 2023 Analys15 Donatlons corporat￿n$ and l&gacles: IndvKSuaL8 Trusts & FOu￿a￿"On$ Other charit￿$ Donated gocds. facilrtES and ser¥￿e5 Olher 115150 201.230 7.994 208.122 24.750 357.446 10.000 35.200 Total 491.385 35.200 $2fj.585 442,096 Chaiitable a¢tlvlll¢$: Workshops Sp8aking engagen*nts Other 1.350 347 3.667 5.364 347 3.667 5.364 Total Other tradlng activities: Recruitmenl Other 1.700 250 1.950 1.700 Total 1,950 TOTAL IN¢OME 498.699 35.21¥J 533.899 442,096 Note 4 Donat•d gc