The Chimo Trust CIO
Annual Report and Financial Statements
for the Year Ended 30 April 2025
RÈgistered Num￿r.. CE028840
Chariry Number". 11986
li
CHIMO
TRUST
ANDERSON BARROWCLIFF LIMITED
Chartered Accountants

The Chimo Tru
ment of Accoun
for the Year E
ri12025
Page
Report of the Trustees
Report of the IndependentAuiliiors
14-16
Statement of Financ*al Accwitie5
17
Balance Sheet
18
Staternent of Cash Flows
19
Notes to the Accounts
20-24

The Chimo Tr
cio
Trustees Ré
for the Yèar Ended 3
ri12025
REFERENCE AND ADMINISTRATIVE DETAILS
Charity name
The Chimo Trust CIO I"Chimol
Registered charity number
1198696
Principal addre55
Charlron House
Wincanton
Somerset
BA9 8ES
Trusteès
Gavin White
Nigel Corner
Dr Alexandra Jaffee
Fiorella Massey MBE
Sir Charle5 Walker KBE (resigned 17.11.241
Karen Turner (appointed 22.09241
Auditors
Anderson Barrowcliff Limited
3 Kingfisher Court
Bowesfield Park
stockton on Tees
T518 3EX
Bankersllnvestment advisors
U8SAG
5 Broadgate
London
EC2M 2QS
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Chimo Trust CIO
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The Tru5tee5 present their report and the audiied finaniial 5taternents of Ihe charity for the period ended 30 April
2025. The trustees have adopted the provisions of rhe Staternent of Recommended Prartice ISORPI"Accounting and
Reporting by Charitie< in preparing Ihe annual report and financial staternents of the charity.
The financial statements have been prepared in accordance with che accounting policies se¢ our in notes to the
accounts and comply wirh the charitys goveming documeni. the CharitiesAct 201 l and Accounting and Reporting by
Charities.. Statement of Recommended Practtce applitable to charities preparing rheir accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Trustees
The followng persons act as trustees=
Gavin White
Nigel Corner
Dr Alexandralaffee
Lady Fiorella Massey MBE
Karen Turner
Chimo's founder Gavin White is a trusteefor lrfe. Othertrusteesare appointed fora 3-ye3r term and may be re-elerted
for subsequent 3-year terms.
New tru5tee5 are appointed by a resolution passed at 3 meeting of the existing Chimo crustees or by wrillen
resolution. Such a resolution shall be effectwe onty if at least half of Ihe current Chimo Trustees have voted in its
favour. The constilution allows for a minimum of3 rrustees and a maximum of 10 trustees, at anygiven time.
On appointment, new trustees sign a trustee declararion statement cornmitting them to giving of thesr time and
expertlse. They are rnade aware of their legal obligations under Charity Law. Ihe deiision-making process of The
Chimo Trust CIO, key policies and procedure% its strategic aims and recent perforrnance.
New Trustees are provided with at leasr the last 3 sets of trustee minutes and m05t re(ent newsletterlirHpaa reporL
A copy of Ihe current ver5i9n of the Chimo Trust Deed and copy of the lates( annual repon and accounts are also
provided.
Training. All Trustees are prowded with Charrty Commission's CC3 guidance on being a trustee- Yhe essential trustee..
what you need to know, what you aeed to do"_ plus information regardingconflicts of interest policies.
The Founder of the Chimo Trust has 3 one-tO￿ne briefing session wrth all new trustees and provides opportunities
for new trustees tojoin on site visiis to grantees and to be included in all catch up meetings.
OBIECTIVES AND ACTIVITIES
Mlsslon
Chimo's rnission is io improve the mental health of young people across the UK by irNesting in innovative forms of
cotnmuniry-based 5UPPOrt.
Vision
Chimo invests in charities that harne55 the therapeutic powers of sport, nacure or the arts to provide mental health
support to people underthe age of 25.
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Chimo's vision is to develop a selett portfolio of innovative and collaboratNe charities ￿th the potential to transform
the rnent31 health landscape for young people. The social preKribing sertor for young petsple's rnental health ts
immature and fragmented. Chimo wants co play a role in helping the sector develop and caralyse the emergence of
5trongand sustainable organisationsio work alongside traditional rnentsl health services allowing rnore young people
10 get Ihe help they urgently need. Chimo supports and challenges its charity partners to develop programmes that
are impactful, scalable and cost effective and erkcourages and enables them to collaborate and share best praciice.
Public benefit
The trustees confirrn that they have considered the guidance contained in the Charity Commi5510n'sgeneral guidance
on public benefit when setung Ihe grant making policy for che year. The rrusc complies wiih its public benefit
rÈ5ponsibilities by making grans to charities or community interest companies working co support young people
dealing with rnental health challenge5.
Grant makin
The Chèrity has established r(s grant making policy to achieve its objectsand grantees are selected in accordance wth
this policy by the trustees.
The trustees have a Clear strategy to identify and support chartoes whith provide innovative, community-based,
therapeutic support to young people facing mental healch challenges. Chimo's goal is to invest for the long term and
pur disconnected young I￿e5 back on a path to a healthy and produ(tNe future.
The trustees have set the following mèin fvnding criteria and are commttted to prioritrse charities..
that align with Chimo's vision and delNer evidence-based spoo nature or art-based interventions.
that are run by high quality and ambitious managernent teams.
which have scalable or replicable models with the vision and capabilityto expand.
that have a robust approaih to impaa measurefflent.
that have diversified funding stream5 ènd a track record of financial competence.
which have annual income between £200k and £3m (with a few exceptionsl so our grants can have a
meaningful impatt on each charitys work.
vthich are prepared to collaborate wth other charities in the Chirno ne￿or
The trustees do not consider unsolicited requests for funding and aP￿1[ants are only invited to apply after a
substantial period of due diligence including visiis by one or more trustee& The Chari(y has one funding round per
year. All grants are subject to on-going monitoring and rewew.
Chimo's objectwe is to enable its partner charities to do more and reach tnore young people in need. The Charitys
policy is to make grants over 3 years to charitable organisarions wth the annual amount of a grant awarded to an
individual organi5atlDn limited to a maximum of 10% of the organi5atiorb'S annual income. 50 the organi￿tIon does
not become overly dependent on Chimo's funding for its sustainability.
The Charity does not general￿ prowde funding fo¥ capital projects. although exceptionally the trustees may make one
off capiial grants. The trustee5 reserve the right to rnake exceptions to these general term5 and vary grani sizes,
timescales and the size of organisation li funds so long as it fits wirh Chimo's main charitable objective to support
young people experiencing mental health challenges.
Chimo's long-term aim 15 to support a selert group of charities which have the vision and capability to expand their
reach so they can plan with confidence.
The tru51ees carry out appropriate due diligence check5 to ensure that fund5 are used onty for charitable activities.
Grantsare moniiored annualty to deiermine whether any additional due diligence should be undenaken on a change
of circumstances that might impact the recipient.
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ACHIEVEMENT AND PERFORMANCE
Charitable activities
Chimo's mission 15 10 improve the mental health of young people across the UK by investing in innovative forms of
community-based therapeutic supporc. Ch¢mo is a highly engaged grant maker and works closely with its portfolio
partners. We develop trust and a real sense of partnership through ongoing dialogue. We encourage and enable our
parrners to be ambitious so more young people can benefii from (heir supporL
In its first 3 years of operations. Chimo has conducted extenswe market research. met with over l 00 charities and
organisations working in the field of young people's rnentsl health and social prescribin& engaged with rnental health
profe55ionals and worked with academics to assess the evidence of impart of the charitie5 It support5.
Chimo's third funding round look place at the end of the year with the trustees approwng grants to 3 new charities.
Total grants of £1￿.￿0 were awarded to be ￿ld over a 3-year period.
The list of new grants made in the year is set out below.
Organisation
Football Beyond Borders
Funding for
Full time Head of London Programmes to support the expansion of
FBB'S work
Core funding 10 enable expansion of central ream
Ptlot social. therapeutii horticulture programme for young people
fècin
mentsl health challen
e5 whi15t attendin
unwersi
The Green Hub Project for Teens
Thrive
In its first 3 years. Chimo has committed £1.4m of grant fvnding to 16 charities. As a result, thousands of young people
across the country are acce55ing 5UPPOrt they urgentty need. Our charity partners use activities such as non-contsct
boxing, gardenin& engagingwith nature. runnin& surfin& the creativearts and workingwith horses to deliver therapy
thai doesnt feel like therapy. Chimo's Portfolio approach enables its partners 10 collaborate and share best practice
50 that they can strengthen and accelerare their programmes.
Highlights from our partners over the 2024125 financial year=
GRIT received the Clinical Improvement Award for Mental Health in the General Practice Award5 in 2024.
The Running Charity won funding from the London Marathon board to expand their programme to a new
hub. Brighton.
1nitial results from Dose of Nèture's LSE-led randomi5ed control trial IRCT) showed a highly significant
statistical improvemenr in participanw depression. anxiety and life sarisfaction scores, Outperforming
equivalent results from NHS talking therapy.
Odd Arts receNed substantyal additional funding from Manchesier Council and Henry Smith to expand their
Wellbeing Your Way programme.
Dandelion Time received rhe results of a new evaluaoon from Unwersity of Green￿ch showng the
518nificant POSltive impart of their work
Comics Youth was awarded a subs(aniial grant from Creative Scotland io double their capacity ill Scotland.
One way of measuring progress is ro rrack the growth in our parmerg income. To this end, it is encouraging to see
average income across the portfolio has grown 30% over the last 2 years in a very tough funding environment.
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As our relationships develop, we see fjrsthand how our partners manage ro reach and support rhose who find
statutory rnental health services out of reach or unsuitable. This comes through loud and clear in the personal
testimonies of benefiiiaries..
-O[all the therapie5 ltre hud. this is the only one rhothos ortu01￿been helpfvl."Strengrh and Learning through Horses
-Myson spent u lot of time lockedowoyin his r(xJm ond then Ifoundsome suicide notes and Icouldntihink how 10 help
hirn. Artd then wefound the Wave Projert I Couldnt believe how theywenl Out of their woy to help. Theyhove shobvn him
there A5 light at the end of tunnel undyou con be resilient-The Wave Project
-1 hove done otherforms ortherupybelore. butnothingh05 been u5 life changing LTnd effectwe os thi5. 1 think the inclusion
of nuture in connerting toyour mentol heolrh ond wellbeingtis such u unAque tindforpt05tic outlet undperspective ond one
ltrefr7ever had in theropy beforehond. Itreolty hus chonged mylife onds(wed my li[ein so Monywa￿ I will be thonkfulfor
thotfor the restof il.- Dose of Nature
Charity partners
Comics Youth
Cornics Youih deliver5 comics-based literacy. publishing and wellbeing projects to young people in Merse￿Ide and
beyond. Sessions SLJPPOrt yc>ung people to take ownership of their own narraiwe5 by embedding opportunities for
sell-expression via publishing zines and comics. Comic5 reach people from dwerse backgrounds who dont engage
with other seNices.
Comics Youth works with CAMHS to offer preventative community SUPPOrt for young people on the CAMH5 waiting
list in the Merseyside area and during the year has made progress in expanding its model 10 other areas of the UK
including in Dundee through its slster charity COMI￿ Youth SCIO and in London in partnership with The Carroon
Museum. As it looks to grow. it is working wth healthcare professionals. corrhic book art15ts, and secror specialists to
a￿ertain what conditions are needed to clevelop and expand comic5 pra(tsce nation31ty to tsffer better support for
children and young peop1é5 mental health needs.
Over past year, Comics Youth CIC and SCIO have supported 815 young people. 550 in Mersejside and 265 in Dundee,
through targeied creaiive mental health programrnes (Beyond the Margins. furn the Page, and SEND-focused cohort
work sn London).
Chimo has funded the appointment of a Developmeni Director who is leading the development of the branch rnodel.
Core Art5
Core Arts 15 a leading mental health creatNe education centre based in Hackney, protnoiing positive menial health
and wellbeing through a college-like environment of creative learning. It offers a varied prtsgramme of activities from
d3nce and gaTdening to fashion design, b)x fit and music and is run by professional artists. writers and musicians.
It gets referrèls to its inspirational facility from 22 London boroughs. Core Art5 wants to expand its offering and is
building a new Cornmunity Creatwe Education facility on a purpose builL touring canal boat. This will allow it to
increase its reach of 18-25-year-olds from 250 to 350 per year.
Chiffto ha5 funded pèrt of the refurbishment of Core Arts. new touring canal boaL which will launch in 2026.
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Dandelion Time
Dandelion fime provides farm-based therapeutic programmes for chIld￿n aged 6-13 experiencing ￿ental health
challenges. typically linked totraumatic experiences of abuse. domesticviolence ènd neglect. An intensive therapeutic
support programrne is provided for around 200 children and their families annualty. delivered from the charrtys three
sites in North. Mid and Wesi Kent.
Children and carers participare together supported by therapeutic siaff in a range of practical farm based and craft
activities engagingwith the natural world. The programme successfully supports children to overcome the emotional
impact of trauma and improve their mental health and wellbeing. Children are sUPPOrted t() improve their
relatlOn5hips and social inieracrion& improve their self-esteem. confidence and resilience, and re-engage wth
schoollimprove their engagement with learnin
Over the next 3 years, with the support of the Chimo. Dandelion Time airns to significantly increase the number of
children and families benefiring from its worK through existing programmes and through developing new
partnerships with oiher agencies. ￿ongSide work wth thildren & famtlies. D3ndelion fime will also di55efflinate its
methodology and approach through delNering a comprehensive progiamme of CPD training for professionals
involved in the care of children and young people.
Dose ol Nature
Dose ol Nature delNers nature pre5cription5 for people struggling with a wide range of mental health difficulties. Its
work is rooted in a wealth of scienrific evidence rhat demonstrates the physiological and psychological benefits of
spending time in nature.11 delivers 8-week nature prescriptions to people dealing wth a wide range of mental health
issues using education, first-hand experience and prattl￿1 and moiivational supporr ro encourage young people to
move away from their Screens, connert with nature and make lifestyle changes th3twll have a lasting impact on their
mental wellbeing.
Programmes are delNered by chartered p5ythologists and a network of Irained and dedicated volunteer5. Referra15
cotne from 150 GP5 across 70 GP prartices in the London boroughs of Richmond and Kingston and in Guildford and
is working with Integrated Care Boards and local councils to increase the perceniage of statutory funding.
Initia1 results from an independenc LSE-led randomised control Irial IRCD have shown a highly significant statistical
improvement in participantg depression, anxiety and life satisfartion scores, outperforming equwalent r￿ul[S from
NHS talking therapy. Dose of Nature is cornmitted to buildirbg the case for nature interventions to be included in NICE
guidelines as an alternative to medicaiion and traditional psychological interventions.
Chimo has funded the appointment of a new psychologist enabling Dose of N3uJre to increase the number of young
people it suppor
Ernpire Fighting Chance
Empire Fighting Chance uses rhe power of noniontsrt boxing to fight for young people to Iwe healthy, happy lives.
Frown its origins in 8ristol, it has Methodical￿ developed an approach that seAmlessly combines non-contact boxing
wiih psychology to help young people. many of whom struggle with their rnencal healih.
Box Champions is their flagship 20-week programme combining non.contact boxing with mentoring. Box Therapy
combines boxing with è therapeutic intervention delivered by a (rained therapist. Box Careers is boxing combined
with mentorin& careers support and progression opportunities.
Four years ago. it took rhe decision to scale its impact by training and supw)rcing oiher boxing clubs around the UK
10 del￿er its Box Champions programme to their communities. In 2024, Etnpire's boxing programmes reached over
l O.(K>O young people in over 40 places across rhe V
Chimo has funded the Director of Methodology and Programmin& whose role is ¢0 improve quality and evidence and
codify the Empire Way model so it Ca￿ be Shared.
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Football Beyond Borders
FBB works wth young people from areas of socio-economic disadvantage who are passionate about football but
disengaged ai school, to help them finish school wth the skills and grade5 to make a suciessful transition into
adulthood. Once referred ro as therapists in tracksuitgthe srandard programme offers a balanced schedule of weekly
two-hour sessions dNided be￿een classroom-based learning and football actNities, combined wth therapeutic
interventions, in-5chool pastoral care, and regular reward excursions during half-term break5. FBB'S practitioners are
trained to become relatable, consistent and trusted adults in the INes ofywng people.
F8B has grown rapidly over the pastdecade and workswth 3.(K)Oyoung people on 200 programmes at schools across
London. the Southeas¢ the Wesr Midlands, Greater Manchester and Merseyside. It has big ambitions and wants to
double 115 reach to 6,$00 young people in the next 5 year5.
Chimo has funded a Full time Head of London Programmes to support the expansion of FBB'S work in irs largest
region with a particular focus on working with the NHS. schools. I￿1 authortties and multi-academy trusts to prowde
holistic mental health support to young people.
Growing Resilience in Teens IGRin
Growing Resilience in Teens IGRln supports young people to improve cheir mental health through btsxing-ba5ed
programrne5. group workshops and one-to-one coaching. Founded by a GP, it has a close relationship wilh the NHS
and operates in Hiichin. Leichwonh and Baldock in Herifordshire. Young peopleare referred to the programme from
schoo15, health care professionals and self- referrals.
At the core of its approach is tis unique Four Corners Method, which employs a goal-oriented srrategy integrating non-
contac( boxing (group only). boxing metaphors. and coaching conceptsQroup and 1..11. Thi5 rneihod empowersyoung
people to take control of their lives by encouraging personal responsibility and resilience. The boxing cofflponent
provide5 a s3fe outlet for emotional expressron while prornoting mental and physical wellbeing through exercise.
Through embodied coachinglthe tntegration of rhe mind and tx)dyl, participants learn to establish healthy boundarie5
and navigate challenging ernoiions and situation5. Its coaching incorporates various theories and practices to create
5ell-esteem and transform adversiry into growth opportuniiie& This holistic and whole-person approach enhance5
resilience. leading to improved overall wellbeing.
Chimo has pan-funded the CE(Ys role to enable GRIT to develop tts artiwties. GRIT receNed the Clinical Improvement
Award for Mental Heakh in the General Praciice Awards 2024.
The Green Hub for Teens Projett
The Green Hub Projett for Teens is a local community projecr serving Surrey. Hampshire and surrounding areas
supporring young people110-181 facing social. emotional and mental health challenges. along wih (heir families and
carers. Green Hub's purpose is to achieve posiiwe. measurable outcomes for (een mental wellbeing.. developing
confidence and resilience throlsgh social interartion and inclusion, access tonature. actwe life5Wes and the S ways to
wellbeing.
Their weekly Green Teens programme offers sockHI and rherapeuiic gardening (o young people experiencing 3 range
of mental health challenges, givingthem the Chance to experience the tslming effertof nature. benefitingtheir mental
wellbeing. In addition, Green Hub offers a monthly Parent Hub session to help parents supporting a child with SEMH
challenge5 and work5 to promote awarene55 and understanding of Thental health and emotional wellbeing for young
people in the broader community.
Chimo has provided core funding to enable the expansion ofthe central team.
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Grow
Grow combines coaching wirh narure-based projetts to promote wellbein& reduce isolation and develop
ernployability skills to support vulnerable young people in Sheffield. Many of the young people (hey work with face
mental health difficulties thai have resulieif in social isolation and a lack of engagement in work or training prospects.
Many have slipped through the net of s(8tutory seryices. struggling to access much needed support.
Their programme engages young people in naiure-based aaivities, primarily gardening (o help broaden (heir skills,
confidence and horizons. Nature hasa proven positwe imp3tton mental health.cornbatingdepression, anxiety, stress
and fatigue. It also provides a practical context through which young people can develop new social connections and
skills beneficial to their employability. such as teamworK communication and leadership.
Grow panicipaced in rhe government funded projea to evaluate how green sooal prescribing can prevent and tackle
mental ill health. The study published tn January 2024 showed a ststtstically signTficant improvement in wellbelng
following participarion with an increase in happiness and life satlsfaaion and a reduction in anxiety.
Chimo'5 grant has enabled Grow to employ a Programme and lrnpart Manager. This role has taken the lead in
overseeing their programme, speciffcally helping 10 develop Iheir curriculum. improve their systems and strengihen
impact measurement and managemenL Grow reports that this fole has been a huge help in increasing the quality of
its provision and given the leadership team the bandwidth 10 focus on Grows fucure expansion.
The Musicworks
The Music Works are a Gloucester based charity whose rnission is 10 transform young people's lives through music.
Evidence suggests music therapy can help wth management of mood disturbances and is a useful adjunct to relieve
depre55ioll and anxiety. The Music Works provides youn8 people wth the opportuntyto respond 10 challenge5 they
are facing through mijsic.
Through their Key Changes programme. they offer a 10-week programme of l-l or small group rnusic session to
young people with anxiety or depre55ion helping them 10 discover their musli potential. build confidence. connect
with others and explore Ihe difference music can make in their lives. Their Transitions programme works with yotjng
people who find moMTrg from primary to secondary school challengin& through small group sessions designed to
build self-confidence and self*steem through making music and songwriting.
Chimo is co-funding the development and research of their Key Changes programme for I1-25-year-olds struggling
with their tnental health which is fully integrated into Gloucestershire's NHS social prescribing framework and
children's mental health pathway. Over the lastyear. theyhave made huge improvemenrs to howtheywelcome young
people who are anxious and find it difficuli to interact ￿th services or progrèmmes, which In turn is having a posltwe
impact on rheir orher health programmes and their youth violence prevention and inclusion programmes. They have
also developed a better understanding of what work5.
The overall objective is to use Chimo funding to reach more young people facing mental heakh challenge5. increase
awareness of and access ro music coping strategies and increase the confidence of social prescribers in the impact of
creative art5 prescription.
Odd Arts
Odd Art5 use5 varied art-foms to empower young people in Manchester to make change and increase their sense of
belonging and purpose. Projects are underpinned by Iheocre but often use other media to challenge and change
auiiude5 and behaviour5.
Odd Arts has developed a 12-week Wellbeing your wal prografflffle for young people experiencing mental health
challenges. It combines b￿ptske one-to-one and group creative workshops. culturBI trips, volunteering/training
opportunities. and a personal creatNe challenge to help build confidence, self-worth. and a sironger sense of
community and wellbeing. After completing the programme, participants can join a graduate scheme with longer-
term supported volunteering and group wellbeing sessions.
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The programme is delwered through disrinct Strands Iwornen, Young People & Young Adult5, CNer-25sl, open tria
referrals from various agencies or self-referral. Chimo funds the Young People & Young Adults Wellbeing your wa
programrne.
Poetic Unity
Poetic Unity is a Brixton based charity that uses poeuyas a tool to SUPPOrt young people's mental health, education.
personal development. physical health and community cohesion.
Poetic Unity SUPPOrts young people from all backgrounds but paruculartyyoung people from 81ack and Black Mixed
backgrounds who are marginalised. Their team is Black led wth Iwed experience of the young people they support
and have over l O yearg experience of worknng wth young offenders. marginali5ed young people, and children ai risk.
Their ￿slon is to tske their programme nationalty driven ty their commitment to breaking down barriers to mental
health support for young men of all backgrounds bur particularly chose who are marginalised.
Chimo has prwded funding to hire a programme manager to oversee the scale up and delivery of their'mandem,
Lefs Talv programme which supports the mental health of young boyslmen aged 11-25 by creaiing safe spaces for
open dialogue.
The Running Charity
The Running Charity harnesses the powerofrunningto support young people aged 16-25 experiencing homelessne55
and multiple iomplex needs including poor mental healrh.
Its programme combines running coaching with personal development to support young people with experience of
homelessne55. the care system, offendin& refugee status or domes(ic abuse. It develops individualised plans to help
its metnbers navigate complex and sornetimes inequitable 5y5tern5 thètwork againstthem. thi5 can include the health
sysiem. Their programme offers comprehenswe, proven and bespoke in-house mental health support in the form of
evidence-driven therapeuiic activities and wellbeing guidance. The fflajority of its staff have personal experience of
homelessne55 or complex needs. This allows them to attas credible role models to the people they serve.
It operates in London, Leeds and Manchester and in 2025 a new hub is opening in Brighton.
Chimo'5 funding has allowed The Running Charity to hire a new coach increasing the number of young people it
supports.
Strength anil Learning Through Horses
Strength and Learning Through Horses1SLTHI is an equine a5515ted therapy charity based in North London led by
clinical psychologists and chaired by the former Director of Mental Healrh for NHS England.
SLTH provide5 rnental health interyentions and alternatNe education prwsion for young people struggling with
mental health difficulties and has a 12-year Irack record of achiemng positive ouicomes for young people when
traditional therapy and eduiation seryices have failed. By Ènteracting wilh horse& young people develop capacities in
ernotion regulation, per5pective-takn"n& commun1c3ts.on ènd collaboration.
It plans to increase its capacity from 500 10 1.(KJO at its new Barnet sire and explore opportunitie5 to expand 10 other
parts ofthe UK.
Chimo funding has enabled SLTH to hire a new Operaiions Direaor and purchase a new CRM system, both of which
are transforming SLTH'S ability to develop.
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Thè Wavè Proje¢t
The Wave Project Combi￿eS surfing and peer 5UPPOrt to help young people build confidence. self-esteem, resilience
and trust. Surfing therapy has been recognised by Ihe NHS as an effective form of therapy foryoung people at r15k of
mental ill-health.
Its 6-week surftherapycourse and follow-on Surf Club programme have been shovm to help young people overcome
low confidence, anxiety, bullwn& self-harm and suicidal thoughts. Referrals come from CAMHS. councils, charities and
5choo15 who trust The Wave Projert to improve Ihe health and wellbeing ofyoung people in their care.
In 2024, The Wave Projett support 2.558 beneficiarie5 across 17 locations across the UK, backed by 1,395 active
volunteer5.
Chimo ha5 funded the appointment of new projert assisrants and coordinators to support its expansion over the past
year. In rhe last year, The Wave Project appointed a new CEO and new Chair. opened up an adaprive hub on the Isle
of Wight, has been approved as a training centre regulated by NCFE, receNed approval to open up a projett at Lost
Shore wave pool in Edinburgh and piloted a stand-up paddle board programme.
Thrive
Thrive uses gardening to bring about positwe chBnges in the lives of people who are INing with ill health, disabilities
or disadvantage. It has delwered Social and Therapeutic Horticulture ISTHI programmes for more rhan 45 years at its
centres in Birrningham. Reading and London. The Iharity also provides infomation to help people to garden at home
as well as a range of training courses and workshops, ensuring that indiwdLtals With varying needs can access
therapeutic gardening wherever they INe.
Chimo has funded ThrNe to launch a new pilot programrne. (alled Grow Well. to support students at The University
of Birrningharn who are experiencing menial health difficulties. loneliness or social isolation. Grow Well aims to
provide a space for students to form positwe soci31 connertions. participate in gardening activities and engage with
nature.
FINANCIAL REVIEW
A summary of the results for Ihe period on page 17 of the financial Statements shows totsl incoming resources of
£150.485 12024.. £640,096) and expenditure of £250,809 12024.. £324.8781, of which £190,000 12024.- £300,000) w35
charitable granrs. The costs of running rhe Charity are kept to a bare minimum with no employees and no payments
rnade to trustees for work carried oui. Total annual running cosrswere equivalentto 1.3% of average neta5sets. Over
the financial year. net assers rose £261.650 from £4.616.099 to £4,873,749 including a net gain on investments of
£361.97412024= £170,899).
At the end of the period, the value offixed and curreni assets srood at £5.468,789 versus £5,477,829 atthe end ofthe
previous financial year.
Fundraising artivities and funding sources
The Charity was inirially funded by a gift of assets from its founder. The trustees are commiued to raising external
funds frorn individuals, corporation5 and other trusts and foundations to grow the Charitys resources to enable it ro
increase the size and scope of its grant making and Confinue its Iransformaiive funding programme over the longer-
term. Over Ihe year. donations of £112,462 were received from indwiduals and charitable trust5 keen to support
Chimo's vvork.
Invèstment policy and objertsves
The Investment objective of the charity is to mainiain Ihe real value of its investment portfolio over the longer term
and to provide capitBI grov+th for the furtherance of the chèriws objettive5.
Page10

he Chimo Trust CIO
Year Ended 30 A ril 2025
The trustees. objective is to support a small number of charities with a sustainable level of grant lunding over an
extended period of time to allow them to execute their business srrategy ￿th confidence.
To meet their grantgiving objectwe, rhe trustees. obje(tNe is ro invest the Charity5 reserves to deliver consisten(, low
volatility returns at leasr in line with UK inflation to 5UPPOrt a 5UStainable level of grant giving.
Trustees have ftjll discretion over the investment approach to meet these objectNes.
All assets are invested through UBS and are allocated across a spread of well-establi5hed, third-parry inve51ment
funds including hedge funds. public and private equity funds and cashlmoney rnarket funds. The trustees keep
sufficient liquid assets ttr fund at least one year of committed grant obligations. AJI assets are held in third-party
investment funds alihough the Irysiees have (he dis(retion to make direct investments into indimdual quoted
companies.
From time to time, the charity receNes donations in specie. In these cases. assEts mTght be held in the original form
they are gifted for a period prior to being sold and reallocated across the core invesrment portfolio.
The trustees have approved the esrablishmenr of a loan facilityfor the trust. The purpose of the facility is to allow the
trustees to hedge foreign exchange exposure, but it can be drawn down to fund grant obligations while more illiquid
funds are being realised. Thetrustees have limtied che maximum loan exposureto 10% of the portfolio's gross assets.
Over the year, investment gains and income totalled £399.997. representing a 7.3% return vs UK CPI of 42%.
The trustees see five major financial risks relating to investment wformance. currenq, liquidity, portfolio
concentration and key man risk relating to the Founder. Procedures have been put in place to rnttlgate all these ri5k5.
Reserves policy
The charitys reserves policy is 10 ensure it maintains adequate fijnds to meet its cornmitmenrs and to hold ènd invest
reserves while it identifies appropriate organisaiions to fvnd. Chimo's reserves are dep051ted and invested at UBS AG
(see Investment Policy).
Chimo plans to grow its reserye base by raising funds from third partie5 and making invesrment return5 (see
Investrneni policy). A5 at the end of April 2025. the charitys net reserves after all outstanding commitments stood at
£4.87m.
Chimo's policy is that gross reserves easity cover ourstanding grant commr(ments even allowing for a 30% reduction
in reserves in case of substantially negative investmenr re(tJrns. At end of April 2025. outstanding grant commitments
stood at £590,000 vs gross resejves of £5.5m. equivalert to 10.7% v5 the l¥rnit of 70%.
FUTURE PLANS
The trustees do not propose to deviate from ihe current objectives and actwtties of Ihe Charity as detailed in Section
2 of this report.
The main objectwes for the next financial year are to=
5irengthen relationships with partner chariues to support iheir development.
Develop an enhanced model of transformation funding to sit alongside the current development funding
rnodel.
Collaborate wth other funders.
Increase the external profile of the Charitys work.
Develop a common outiome5 framework for Chimo's partners.
Inirease the opportuniiies for Chimo's chaiity partners to collaborate.
Page11

The Chimo Trust CIO
Trustees Re
ort
for the Yèar Ended 30 A ril 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The Chimo Trust CIO l-chimo" or rhe"Chariin is a trust governed by its consti(uiion dated 22 April 2022 and is
registered as a charity wth rhe Charity Commission for England and Wales Ireg'stered chariw. 11986961. It is based
and administered in the United Kingdom.
The charity operates as è grant-making thartywith a wew to prowding public benefft by making grants to charities or
community interest companies working to SUPPOrt the mental healrh and wellbeing of young people up to the age of
25 in the UK.
Organisational Structure
The trust is managed by the trustee5 who liaise regularly and meei ai least three (imes a year. The trustees manage
all the charitys activities, develop lis strategy and goals. wsic existing and potential charity partners. consider grant
applications and agree size and temi on all grants. rewew investfflent perforfflance and reserves and decide on all
other matters. When needed, the trustees use third party organisations or professionals to provide expery support
and advice. Trustees do noi receive any remuneration for their work.
Risk management
The charity5 trustees have considered the major risks io which the charity is exposed and have reviewed those risks
and established systems and procedures to manage those risk5.
The trustees see fwe major financial risks relating to investment performance. currency. liquidrty, portfolio
conieniration and key man risk relating 10 Ihe Founder. Procedures have been pu( in place ro mitigate all these risks
and are outlined In the Investment Policy.
Chimo has safeguarding responsibilities both as a charity in rtsown righiand as a funderof other orgalli5ations whose
activities involve contact with children or vulnerable adul[& Chimo has a responsibility to carry our appropriate due
diligence on grant applicants. Such due diligence 15 not to-approve" an applFcantr5 approach to safeguarding but 15
part ol our determination of an organtsation's general standard of governance. It is the responsibility of the
organisaiions funded by Chimo to ensure that their safeguarding policie5 and procedures are rrt for purpose gwen
the specific nature of Iheir work and che manner in which it is conducted. Chimo incorporates appropriate
requirements about safeguardingwithin all grant agreements.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the Trustee< Annual Report and the finantihl statements in accordance
with applicable law and United Kingdom Accounting Standards (Uniced Kingdom Generalty Accepted Accounting
Prac(icel.
The law applicable to charitie5 in England & Wale5 require5 the tru5tee5 to prepare financi81 statements for each
financièl year which give a true and fair view of the stace of affairs of the charity and of the incoming resources 3nd
application of resource5 of the charty for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounring policies and rhen apply them consistencty
observe the fflethods and principles in the Charities SORP 2019 IFRS 1021:
makejudgements and estimates that are reasonable and prudent
state whether applicable accounring siandards have been followed
prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihat the
charity will continue in operaiion.
Page 12

The Chimo Trust
Trustees R
rEn
ed30
ril 2025
The trustees are responsible for keeping proper accounting records tha( dis(lose wth reasonable accuracy at any
iirne the financial position of the charity and enable them to ensure thbt the financial statements comply with the
Charities Act 2011, the Charities IAccotJnts and Reportsl Regulaiions 2008 and (he provisions of the trust deed. They
are also responsible for safeguarding the assets of rhe charity and hence for taking reasonable Steps for the
prevention and detertion tsf fraud 3nd other irregularities.
20101r2026
Approved by order of the board of rrustees on..-..-........--.------...------.............._..... ._...
and signed on irs behalf by:
Gavin White- Trustee
Page 13

The ChimoTrust CIO
Re
ort of the Ind
embers
imo Trust CIO
Opinion
We have audited rhe financFal Statements of The Chimo Trust CIO for the year ended 30 April 2025 which iornprise
St3rement of Financial Actwities. Balance SheeL Cash Flow Statemeni and notes to the financial statements. including
a summary of significant accounting policies. The financial reporting framework that has been applied in their
preparation 15 applicable law and United Kingdom Accoun(ing Standards, including financial Reporting Standard 102
~The Financial Reporting Standard applicable in che UK and Republic of Iretsnd- (United Kingdorn GenerallyAccepted
Accounting Pfarticel.
In our opinion the financial statements=_
give a irue and fair view of the state of the charitys affairs as at 30 April 2025. arsd of its incoming resources and
application of resources including its income and expenditure. for fhe period-.
have been property prepared in accordance wih United Kingdom GeneraltyAciepted Accounting Prartice-, and
have been prepared in accordanie wth the requirernenfs of the Charities Aa 2011.
Basis for opinion
We conducted our audit in accordance wth International Standards on Auditing IUKI OSAS IUKII and applicable law.
Our responsibilities under those standard5 are further de5(ribed in the audi(ofs responsibilities for the audit of the
financial statement5 section of our repon. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial scaiemenrs in the UK including the FRCS Ethical Standard,
and we have fulfilled our Other ethical responsibilities Fn accordance h￿th these requirernen15. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditingrhefinanck41 scaiements, we have concluded that the trustees, use of the going concern ba515 of accounting
in the preparation of the financi31 statements is appropriate.
Based on the work we htwe perforrned, we have not identified any material uncertainties relating to event5 or
condiiions that. individualty or collective￿. may cast signrfitant doubt on the charitys ability to continue as a going
concern for a period of at least tWe￿e months from when the financial statements are auth0155ed for issue.
Our responsibilities and the responsibilities of the trustees wilh respect togoing concern are described in the relevant
section5 of this report.
Other information
The other information comprises the tnformation included in the Report of the Trustee5. Other than the financial
statements and our auditorfs report thereon. The Iruscees are responsible for the other information. Our opinion on
the financial sraremenrs does not cover the other information ènd we do not express any form of assurance
conclusion thereon.
Our responsibility is to reèd the other information and. in doing so. consider whether the other information is
maierially inconsisrent wirh the financial statements or our knovAedge obtained in the audii or oiherwi5e appears to
be materially misstated. If we identify such maierial inconsisrencies or apparent material misstaternents, we are
required to cletermine whether rhis gives rise to a material misststement in the financial siatemenis themselves. If.
bèsed on the work we have perforTT)ed. we conclude that Ihere is a material mfrsstatement of this other information.
we are required 10 report (hai fact.
We have nothing to report in this regard.
Page 14

Th Chimo T st Cl
Re
ort
In
nt Auditorfs to the Memb
of Th Chimo Trust CIO
Matters an whlch vie are required to report by exception
We have nothing to report in respect of (he following matters in relation to which the Charities (Accounts and Reports)
Regulations 2008 require5 US to report to you if. in our opinion=
the information given in the financial 5ratements 15 inconsistent in any material respectwith the trustees, repo
or
Sufficient accounting records have not been kepL or
the charitys financial statements are not in agreement w(h the accounting records,. or
we have not recewed all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustee> responsibilities 5tstement Set out on pages 12-13, the trustees are responsible
ftsrthe preparation of Ihe financial staiements and for being satisfied thattheygwe 3 true and fair view, and for such
internal control as the trustees determine is nece55ary to enable the preparation of financial 5taternent5 thatare free
from rnaterial misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitys ability ro continue as a
going concern. diKlosin& as applicable. matters related to going concern and using the going concern basis of
accounting unless the trustees either iniend to liquidate the charity or to cease operations. or have no realistic
alternative but to do so.
Auditors respon5ibilitie5 for the audit of the financial statements
We have been appointed as auditor under section 144of the ChariiiesAct 201 l and rep)n in accordance wth the Acc
and relevant regulations made or hawng effert thereunder.
Our objectives are to obtain reasonable a55urènte about whether the financial statements as a whole are free from
material misststemen¢ whether due to fraud or error. and to issue our audtrors report that includes our opinion.
Reasonable assurance is a high level of assurance but 15 not a guarantee that an audit condurted in accordance with
ISAS IUKI will alway5 decert è material misstatement when it exists. Misstaiements can arise from fraud or error and
are considered material if. indwidually or in the aggregate. they could reasonabty be expected to intluence the
econornic decisions of users taken on the basis of these financial statements.
Irregularities. including fraud. are insiances of non-cornpliance wth laws and regulations. We design procedure5 in
line with our responsibiliries. outlined above, to detert material mis5taternents in re5pert of irregularities, including
fraud. The extent to which our procedures are capable of detecring irregularities. including fraud is detailed below.
We discussed among the audit engagemenL team the opponunities aDd incentives that rnay exist wichin (he
organi5ation for fraud and how and where fraud might occur in the financial ststements.
Page 15

Th Chimo Tru
cio
Auditorfs to the Members of The
Auditors. responsibilities for the audit of the financial statements Icontinuedl
Audit procedures performed by the engagement team included..
Enquiry of management and those charged wth governance around acrual and poiential litigation and
claims.
Reviewng minutes of meetings of those charged wirh governance.
Reviewing financial statemeni d15c105ures and testing to supporring d¢xumentation to assess compliance
th applicable laws and regulations.
Auditing the risk of management tsverride of controls. including through testing journal entrie5 and other
adjustments for appropriaieness. and evaluating the busine55 rationale of significant transacuons outside
the normal course of business.
Challenging estimates and judgements made by management in their significant accounting estimaies.
Revenue recognition.. agreeing a sarnple of revenue cransaaions to gain assurance over the occurrence and
aciuracy of revenue and also to ensure revenue has been recognised in the correct period.
Reviewing investment reports and confirming corrert disclosure in the financial statements.
Because of the inherent limitstions of an audiL there is a risk that we will not detect all irregularities. including those
leading to a material misstatement in the financial staternenrs or non-compliance wth regulation. The risk increases
the more ihat compliance with a law or regulation is removed from rhe events and Iransartions reflected in the
financial statements, as we will be less likely 10 b￿Orne aware of instances of non-compliance. The risk is also greater
regarding irregularities occurring due to fraud rèther than error. as fraud iftvolves intentional concealment, forgery,
collusion. omi5510n or misrepreseniation.
A further descriprion of OLtr responsibiliiies for the aud¢t of the finanti31 sratements rs located on the Financial
Reporting Council's website at.. www.frc.or
.uklauditorsres
This description form5 part of our auditorfs
report.
Use of our report
This report is made solely ro Ihe charitys trustees. as a body, in accordance with Part4 of the Charities (Accounts and
Reports) Regulation$ 2008. Our audit work has been undertaken so that we might State to the charity5 Board of
Trustees those matters we are required 10 stsieio them in èn auditorfs report and for no other purpose. To the fullest
exient permitted by law. we do not accept or assume responsibility ro anyone otherthan the charity and the charitys
trustees as a body, for our
dit worK for this reporc or for t
pinions we have fomied.
//ts
Anderson Barrowcliff Limited
Statutory Auditor
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX
Date..
Page16

The Chimo T
Statement of Financial
rEn
ri12025
Notes
Total
Funds (all
unrestricted)
Total
Funds (all
unre5trictedl
2024
2025
Income
Donations and legacie5
Investmenr incorne
112.462
38.023
521,501
118,595
Total income
150.485
640,096
Expenditure
Raising funds
(haritsble activities
23.514
227.295
20,648
304,230
Total Expenditure
250.809
324,878
Net lexpenditurevincome before other gainslllosses) on
investments
1100.3241
315,218
Gairhs & losses on investment assets
Gainslllossesl on investments
361.974
170,899
Net rnovement in fund5
261.650
486,117
Rtconciliatiorb of Funds
Total funds brought fO￿ard
4.612.099
4,125.982
Totsl funds carried forward
4.873.749
4,612,099
The note5 on pages 20 to 24 form an integral part of these financial siaiemen¢s
Page 17

echi
st CIO
Balancè Sh
arÈn
2025
2024
Note
Fixèd A5SÈts
Investments
5.453.692
5,451,995
Current Assets
Cash at bank and in hand
Prepayments and acirued income
15.097
23,619
2.215
15.097
2S.834
Creditor5= amounts fallins due viithin
one year
12
427.540
438,230
Net Current Liabilities
(412.4431
1412.3961
Total A5set5 Le55 Current Liabilities
5.041.249
5.039,599
Creditorn amounts falling due after more
than one year
13
1167.500}
1427,5001
Net A55ets
4,873.749
4.612.099
Fund5
Unrestricted funds
4.873.749
4,612,099
Total Funds
4.873.749
4,612,099
2(U0112026
The account5 were approved by the board of trustees on............................... and Signed on its behalf by
G White
Chair
The noies on pages 20 10 24 form an integral pan of fhese financial statements
Page 18

Thè Chim
Statement of Cash Flow5
for the Year Ended 30
2025
2024
Note
Cash from operating attivities
15
1407.9791
173,924
Cash flow from invèsting activities
Payments to acquire listed investmenis
Proceeds from Sale of listed inve5trnentS
Dividends received
Interest recewed
1350.2891
711.723
34.872
3.151
14.775,9701
4.507.509
103.805
14,790
Net cash flow used in investing activities
399.457
1149,8661
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
18.5221
23.619
24,058
14391
Cash and cash equivalents at the end of year
15.097
23,619
Cash and cash equivalents at the end of the year
Cash at bank
nk overdraft
15.097
23,619
15.097
23,619
The noies on pages 20 to 24 form an in(egral pan of these financial statement5
Page 19

The Chimo Trust CIO
Not
to
unts for the Year Ended 30 A ril 2025
ACCOUNTING POLICIE5
General Inft>rmation and basis of preparatlon
The Chimo Trust is a charitbble 1￿cOrporated organisacton registered in England. The principal
addre55 is given in the Report of the Trustees on page l. The nature of the charitys operation5 and
principal activ￿leS are ro advance in life and relieve the needs of young people up to the age of 25.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statetHents have
been prepared in accordance wth Accounting and Reponing by Charities.. Statement of
Recommended Practice applicable to charities prepartng their accounts In accordance wth the
Financial Reporting Srandard applicable in the UKand Republic of Ireland IFRS 1021 issued in October
2019, the Financial Reporting Standard applicable in Ihe United K¢ngdom and Republic of Ireland
IFRS 1021. the Charities A([ 201 l. and UK Generally Accepted Practice.
The finbncial statements have been prepared to give a true and fairf ￿e￿ and have departed from
the Charities IAccoun(s and Reports) Regulations 2008 onty to the extent required to provide a true
and fair view. This departure ha5 involved followng the Accouniing and Reporting by Charities..
Statement of Recommended Pracrice applicable to charities preparing their accounts in accordance
with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued
in Ortober 2019 ratherthan theAccounting and Reporting by Charitie5= Statement ofRecommended
Practice effective from l April 2LKJ5 which hè5 since been b*ithdrawn.
The financial statements are prepared in Sterling (£1 whith is the functional currency of the Charity,
rounded to the nearest L
The significant accounting policies applied in the preparation of these financial sratements are set
out below. These policies have been Consistent￿ applied to all years presented unle55 Othenvise
stated.
Ibl
Income recognition
All incoming resources are recognised in the Statement of FinancialArtiviiies ISoFAlwhen the Charity
Is legally entitled to the income after any performance conditions have been me¢ and the amount
can be reliably measured and it is probable that the income will be recewed.
Donations
For donations to be recognised rhethartywll have been noiified of the amounts and the settlement
date in Wr￿1ng. If rhere are conditions attached to the donation and this requires a level of
performance before entitlement tan be obtained. then income is deferred uniil those conditions are
fully met or the fulfilment of those (oftdiuons is within the control of the charity and it is probable
that they will be fulfilled.
Investment income
Interest on funds held on deposic is included upon notification Of the interest paid or payable by
the Bank. Diwdend5 are recognised once ihe diwdend has been declared and notification ha5 been
received of Ihe dividend due.
Page 20

Thè Chimo Trust CIO
Notes to th Ac
unts for the Year Ended 30
ril 2025
ACCOUNTING POLICIES (Continued)
Icl
Expenditure
All expenditure 15 accounted for on an accruals basis and has been classified under headings that
aggregate all costs related ¢0 the category. Expenditure is recognised once there is a legal or
construrtNe obligation to make a payment to a third pèrty. it is probable that settlement will be
required and the amount can be measured reliabty- Irrecoverable VAT 15 included in expenditure
against the relevant cost for which the expenditure was rncurred. Expenditure is classified under
the following headings=
Costs of raising fvnds are those incurred in attrarting donation5, and investment
rnanagement.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
Activities. It includes both costs which can be direttly all(Kated to aaivities and those costs
of an indirect nature.
Governance costs are those incurred in connection ￿th compliance wth constitutional and
siaiutory requirements.
Grants payèble to third ￿rtIeS are h￿thin the charttable objectwes. Where unconditional grants are
offered. rhis is accrued as soon as che recipienr is notified of the granL as this gives rise to a
reasonable expertation that the recipient will receive the grants. Where granis are conditional
relating to rhe performance then the grani is onty accrued when any unfulfilled conditlDnS are
outside of the control of the charity.
Idl
Fixed asset investments
Invesimenis are recognised initialty ai fair value whiih Fs normally the transattion price excluding
transaction costs. Subsequently. they are measured at fair value ￿th changes recognised in
'gainslllossesl on investment< in the SOFA if Ihe shares are publicty traded or their fair value can be
measured reliab￿.
lel
Cash at bank
Cash at bank and cash in hand includes cash and shor( ￿rni highly liquid investments wth a short
maturity of three months or less from the date of acqu¥&tion or opening of the deposit or similar
accounr.
ifj
Debtors and Creditors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a
past event thai will probabty result in the Iransfer of funds to a third party and the amount due to
settle the obligation ian be measured or estimaied relIab￿- Debtors and creditors with no stated
inrerest rate are recorded at transaction price.
Igl
Fund accounting
General funds are unrestritted fvnds which are available for use at the discretion of the Trustees in
furtherance of the general objeaives of Ihe charity and which have not been designated for other
purposes.
Ihl
Financial instruments
The Chariry only has financial assets and financial liabilities of a kind thac qualify as basic financial
instruments. Basic financ￿1 instruments are initially recognised at transattion value and
subsequently rneasured at their settlernenrvalue.
Page 21

he Chimo Trust
Notes to the
for the Yèar End
ACCOUNTING POLICIES Icontinuedl
Foreisn currency
Foreign currency transartior15 are initialty recognised by apP￿ng to the foreign currency amount the
spot exchange rate beNeen the function31 currency and the foreign currency at the date of the
transaction.
Monetary assets and l￿bilitIeS denominated in a foreign currency at the balance Sheet date are
translated using the closing rate.
Exchange gains and losses are induded wthin the gains and losses on investmenrs within the
Statement of Financial Actmies.
(rl
Going concem
The financial statements have been prepared on 3 going ioncern basis as rhe trustees believe that
no material uncertainties exist. The trustees have considered the level of fund5 held and the expecied
level of income and expenditure lor 12 months from authorising these financial statements. The
budgeied income and expenditure is sufficieni wth che level of reserves for the charity to be able to
continue as a going concern.
Although the Balance Sheet shows net curreni liabilities the investment portfolio contains sufficient
liquid assets to ensure Ihat sufftcieni cash is available to rneet as liabiliues as they fall due.
(kl
Taxation
The charity 15 an exempt charity w¢thin the meaning of schedule 3 of the Charities Act 2011 and 15
considered to pass tests set tsut in Paragraph I Schedule 6 Finance Art 2010 and therefore it meets
the definition of a charttsble company for UK corporation tax purposes.
DONATIONS AND LEGACIES
2025
2024
Donations
112.462
521.501
112.462
521,501
INVESTMENT INCOME
2025
2024
Dividend income
Interest recewable
34.872
3.151
103.805
14.790
38.023
118,595
COSTSOF K4JSING FUNDS
2025
2024
Marketing
Investmenr management costs
1350
21.164
11,406
9,242
23.514
20,648
Page 22

The Chimo Trust CIO
Notes to the Accounts for the Year Ended 30
ril 20
CHARITABLE ACTIVITIES
2025
2024
Direct CQ5ts
Grants paid (see note 71
Project costs
Consultancy
Support costs
Governance costs15ee note 61
Bank charges
190.000
11.000
20282
3(K),000
4.230
123
227.295
304,230
GOVERNANCE COST5
2025
2024
Auditorg remuneration
5.890
4,230
ANALYSIS OF GRANTS
Amount
awarded
2025
Amount
awarded
2024
Recipients of instituttonal grants
Dandelion fime
Growing Resilience in Teens
Poetic Unity
The Running Charity
Society For Horticultural Therapy
Green Hub Project For Teens
Football Beyond Borders
90,000
60.000
60,000
90.(M)O
30.000
60.000
100.000
190.1100
300.000
NET INCOME FOR THEYEAR
This is slated after charging="
2025
2024
Statutory audit
Tax advisory seNices
5.890
4,230
AVERAGE NUMBER OF EMPLOYEES
The average rnonchty head count for the year was NIL (period ended 2024- NIL).
10
TRUSTEE> AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES
None of the Trustees received any remuneration in the year (period ended 2024- £NILI.
None of the Trustee5 had expenses in the year (period ended 2024- £NILI_
Page 23

The Chimo Tru
Notes to the Accounts for the Year Ended 30
ril 2025
11
FIXED ASSÉT INVESTMENTS
2025
2024
Listed investments
Fair value brought forward
Additions
Disposals
UnreBlised gainslllossesl on rev3luation
Reali5ed net1055es on disposals
5.451.995
350.289
1711.7221
397.923
134.7931
4.985.421
4.775.970
14,507,509)
363,531
1165,4181
Fair value carried forylard
5.453.692
5.451,995
12
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Accruals
4,230
430,000
4,0(K)
grants payable
other
4USOO
427.540
438.230
13
CREDITORS: AMOUNTS FALLING DUE AFTER MORE TrIAN ONE YEAR
2025
2024
Accruals
granrs payable
167,500
427,500
167.500
427,500
14
RELATED PARTY TRANsA￿loNs
There were no related party trènsactions in the year12024= £Nill.
15
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIiATING A￿1VITIEs
2025
2024
Net income for year
1100.324)
315.218
Exchange losses
Increasel decrease in debiors
Increa5el decrease in credirors
Dividends received
Interest received
11.1571
2.215
1270.6901
134.8721
13.1511
127.2141
12,2151
6.730
1103,8051
114.7901
Net cash flow from operating attNiiies
1407.9791
173.924
Page 24