Charlty reglstration number 1201247 MICHAELJ. PEARSON CIO ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
MICHAELJ. PEARSON CIO LEGALAND ADMINISTRATIVE INFORMATION Trnstees Mr M J Peargjn IAppolnted 6 December 20221 IAppointed 6 December 20221 (Appointed 6 December 20221 IAppointed 17 September 20251 IAppoithted 17 Septernber 20251 Mr AJ Jackson &r M J Snyder Mrs 8 S Mofrison Mr D Webb Ch•rlty number 1201247
MICHAELJ, PEARSON CIO CONTENTS Tru5tees' report Statement of flnanclal actlvbtles Statement of flnanclal posltbn Notes to ihe flnanclal ststements
MICHAEL J. PEARSON CIO TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Trustees presenttheir annual reportand financial statementsforthe period ended 31 March 2025. The financlal staternents have been prepared in accordance with the accounting policies set out in note I to the financral statements and comply with the charity's governing docurnent. the Charities Act 20113nd 'Accounting and Reporring bv Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wf(h the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 1021. leffectwe l January 20191. ObJertl¥es and actlvltles Publicbenefrt The Trustees have pald due regard to 8uidance issued by the Charity Comrnission in deciding what activities the charity shoukl undertake. The organisation ha5 not yet COMnCed operations due to the unavallable fundin& which has yet to be secured. Ach1ments and perform•nr¢ Significarjtoctivitiesondochievements oguinstobjectives Are not yet availab. Flnantlal re¥lew Re5eryespolity It Is the policy of the organi5Jtion that unrestricted funds which have not been desl8nated for a specific use should be maintained at a level equivalent to between three- and six-month's expenditure. The Trustees consider that resee5 at this level will ensure that. In the event of a significant drop in fvnding, they will be able to continue the charity's current activities while consideration Is given to ways in which additional funds may be ralsed. This level of Teserves has been maintained throughoutthe period. Strurture.Kovem•nce and management The charity Is a charitable incorporated or8anisation establlshed on the 6 Decernber2022. The Tru5tee5 who served duringthe perlod and up to the date ol signature of thefinanclal statement5 were.. Mr M I Pearx)n (Appointed 6 December 20221 Mr AJ Jackson (Appointed 6 December 20221 Sir M J Snyder (Appointed 6 December 20221 Mrs B S Morrison (Appointed 17 Septernber 20251 Mr D Webb (Appointed 17 September 20251 Recruirmentond Gppointmentoltrustees None of the Trustees have any beneficial Interest in the charity. In the event of wlndlng up. the trustee5 of the charity have no liabilrty to contribute to its assets and have no personal responsibility for settlin8 Its debts and Ilabilities. Any new trustee5 will be recruited by the incurnbents as and when required. 0rgonis0tnOl strLtrture Thlswlll be reported once fundin8 is in pla. TheTrustees' report was approved by the Board of Tru5tee5. Mr M J Pearson 12 Janua 2026
MICHAELJ. PEARSON CIO STATEMENT OF FINANCIAL A1VITIEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD EAIDED 31 MARCH 2025 2025 2024 Notes ITomef1offl: Donatk?ns and grfts Total Income 2,000 2.000 Expenditure on: Charitable activities 240 1,211 Total expendlture 240 1.211 Net income and movernent In funds 1,760 789 789 Fund balance5 at YI Mar¢h 2025 Cumulatl¥e Net Surplus 2,549 789 The ststernent of financial activities includes all gains and losses recognised in thè period. All income and expenditure derive from Continuin8 activities.
MICHAELJ. PEARSON CIO STATEMENT OF FINANCIAL POSITION AS A T31 MARCH2025 20Z5 2024 Notes Currenl Assets Cash at bank and In hand 3,509 1,749 Cr•dltors: •mounls fall1 due wlthln on• y•ar 9EO 960 Net current 15seti 2,549 789 The flnanclal statements were approved by the Trustees on 12 January 2026. Mr M J Pearson
MICHAEL J. PEARSON CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 A0rtinIPolkl¢s tharlty Infomatk>n The address ofthe charity. Moore Kln8llon Smfth & Partners Ltd 9 Appold Street London EC2A 2AP 1.1 AccountIn$¢tyfits The flnanclal statements have been prepared In accordance wfth the charity's go¥ernin8 document. the Charitie5 Act 2011, FRS 102 Yhe Flnanclal Reportin8 Standard applicable in the UK and Republic ol Irend. I"FRS 102.1 and the Charhtles SORP 'AOUntIng and Reportin8 by Charitie5.' Staternent of Recommended Practice app1C)ble to charits preparin8 their ac¢ounts in accordance wlth the Financial Report¢ng Standard applkats in the UK and Rtpubll£ ol Irèland IFRS 1021" leffective l January 20191. The charty is a Public Benefit Entity as defined by FRS 102. The charV hasiaken advantaAe of the provlshJn> Inthe SORPloith•rrties notto prepare a Statèment of Cash Flows. The flnanclal statements have departed from the Charfties Ikcounts and Reportsl Re8ulation$ 28 onty to the extent reouired to provide a true and lair view. Thls departure has irwofvèd folbwim8 the Statement ol Recornmended Practice for eharlties apptying FRS 102 rather than the version of the Statement of Ileeommended Prartke which is referred to in the Re8ulotlons bjt whKh has slnce been wff¢hdrnwn. The flnanelal statemtnts are prepared ln sierlln& whth Is the fvnrtklrwl currenty of the CharV. Monetiry •mounts In these flnanclal stattrntnts are rtyjnded to the nearest £. The flnaThclal staternents have been prepared undtr thè histor1 cott conventlon. The principal attountinl p)Ilcies •dopted Ire set out below. 1.2 Golni Cortrn At the time of approvin8 rhe financial siaiernents. the Trustees have a rèasonable expectat) that the charrty has adequate re50urcesto contifiue in oper•tiofi•l existence for the foreseeable luture. Thus the Trustees cofitinue to adopt the Kolng cgrKern ba515 Otatcountlni in prèparingthe financial $efflents. 1.3 Ch•th•bl•fvnds Unrestrlded funds are availab for usèattht distrttKn of the Trustees in fvnheraThce of thelr tharhablè objtcthes. It and when restrlcted lund5 aré rttefvtd. théy wlll be subject to the spedfic condttlon5 re4ulred by donors or 8rantors as to kjwthey may be used.. 11 and when endowmem fvnds are reed they will be subjttt to the spe¢ifK condilions set out by the donors and the Cap31 malntalned. IA In¢om• Income is recognised when the charity 15 alty entitled to it after any porforrnance condrf(ion5 have been Met, the amounts un be measured reliably. and it is probable that the income will be ¢eNed. Cash donations a ¢0&niSed on receipt. Other donations are recognised once the charity has been notrfied of ihe donation. unle55 perforrnan ¢onditons re4uire deferral ol the amount. Income tax recoverable in relation to donations recefved under Grft Aid or deeds of tovenant retognised at the time of ihe donation.
MICHAELJ. PEARSON CIO NOTESTOTHE FINANCIAL STATEMENTS (CONTINUED) R?R THE PERIOD ENDED 31 MARCH2025 Acmuntlni poll(s IC4ntinuedl l.S Exp•ndityre Expenditure $5 recoBnised once there is a kgal or con5truttive obll8atioTh to transfer economlc benefit to a thlrd party, It is PrOtsIe that a transFer of economK benefits will be required in settlement, afid the amount of the obligation can be measured relLibty. Expendlturè Is classifd by actfvity. The costs ol e•th •ctMty are made up of the tthal ot 1ct cost5 and shared costs, including 5UPP)rt costs involved In undertakin8 each artNity. Dirett costs attributablt to a slngle attivlty are allocated dlrettly to that actNity. Shared cost5 whith contribute to nK¢re ihan one artivity and support Costs which are not attributable to a sin8le are apportioned between those ictNits on a basi5 con515tent wlth the use of resources. Central staff costs are alknated on the basls of time wrbt. and deprecln charges are allocaltd on the portion of the asset's Use. 1.6 Cash afid <•th •4ufv•l•n Cash and cash equivalents Include cash In hand. deposlts held at 11 wlth bank5. Other short.tem Ilquld Inve5trnents wilh orlglnal rn4turltle5 of three rnonths of lèss. Baslc financial assets. which intlude debtors and cash and bank balances. are initialty measured at transaction price Includln8 transartion costs and are subsequentty carried at arnortised cost USln8 ihe effective interest mtthod unless the irrin8ement £onstilutes ¥ financing transauknn. ¥¥here the tran5aetion is measured at the present value of the future receipt5 dlscounted at • rnarket rate ol iftietest. Fin•nci•l assets chwfied a5 rectfvable wlthln one yeac are not mortlsed. Baslc flnancial 113bllities. IndudlTr8 credltors aNJ bank knans are In11¥ recoin15ed al transactbn prltè unless the arrangement constltutes a flnancing transauK)n, whefe the debt iThsirument Is mtasured at the present value of the future payrnents d15countèd at a rnark ratè of interest. Financial liabilits classifled as Payab within one year are not Imortised. Debt Instrurnents are SubsequentCarrIed at amortised tosl us1rtheffeCtrye interest rate Ththod. Tradé credOr$ arè obll8ationsto ptylor ld$ or seryites that have been acqulred In the ordlnary tourse of operatkins froffl supplvérs. Amounts payable are classified as tur¥ent luibiltt*s if payment is due wlthln one year or less. Il not, they are presented as non<urrent liabillties. Trade cred(<ors are reco8n15ed initialty It tr•As•ttion price and subsequentty measured at amortlsed Cosi uslng the effecthe Inierest method. Derewnlth olflftoncblAobllthJ Flnancial liabilitvés are dereco8nised when thecharitl5c0ntrnc01 obli8ations explre or are discharged orcancelled. Incom• fromdon•ifjons and Ofts Unre5trkted lunds 2025 Donationsand wfts
MICHAELJ. PEARSON CIO NOTESTO THE FINANCIALSTATEMENTS {COtinNUED) FOR THE PERIOD ENDED31 MARCH 2025 ExperKlfture on ¢h¥rhable acll¥lties Exper DSrertC051S Accountancy 8ank charges 240 240 AnatysSs byfuThl Unrestricted funds 240 None of the Trustees lor any persons connected with them) rece any remuTheratK*n or beneffts frorn the charity duringihe period. Also. no expenses wete reimbursed to the Trustees durin8the period. Taxatton The tharity isexemo Irom tsxation on its actrt5 becauseall its income is applied forcharitable purpmises. Credltors: amountshlltngdue wthln Oneal 2025 Accruals and deferred Inco 960 Unrestrknedfunds The unrestritted fvnds ol the(har comprise the unexpended balances of donations and grants which are oot subjett to specifK conditions by donors and grantors as to how they may be used. These indude desiqnated funds which have been set aside out of unrestricted lunds by the trusteeslor spectfic purposes. At31 March Incomw Resources Al 31 March expended 20Z5 Generallunds 12401 2,549 R•laknd rtYtIal¥a£uors Therewere no rekted partytrdn5attM)ns.