Registered Charity Number 1201646 Ferdinando & Luigi Innocenti Foundation Annual Report and Financial Statemenls For the Year Ended 31 December 2025
Ferdinando & Luigi Innocenli Foundation Financial Statements For the year ending 31 December 2025 Contents Page Trustees, Annual Report Independent Examiner's Report lo the Trustees Statemént of Financial Activitiès Balance Sheet Statement of Cash Flows 10 Notes to the Financial Statements
Ferdinando & Luigi Innocenli Foundation Trustees, Annual Report For the year ending 31 December 2025 The trustees present their report and the financial statements of Ferdinando & Luigi InnOnti Foundation ('Foundation") for the year ending 31 December 2024. Reference and administrative details Registered charity name Ferdinando & Luigi InnOnI1 Foundation Registered charity number 1201646 Trustees Lorenzo Ferdinando Innocenti Filippo Noseda Dr Luca Colaianni Ruth Pryce Chief executive officer Andrea Cooper Principal office The Clock House 6 St. Catherine's Mews London SW3 2PX Bankers HSBC UK 145 Sloane Street London SW1X 9BN Independent examiner Richard Weaver FCA Haysmac 10 Queen Street Place London EC4R 1AG Solicitors Broadfield Law One Bartholomew Close London EC1A 7BL
Ferdinando & Luigi Innocenli Foundation Trustees, Annual Report (continued) Structure, governance and management The charity was registered as a charitable incorporated organisation (CIO) on 19 January 2023. It was established by way ofthe Foundation Model Constitution dated 19 January2023 and was founded by Lorenzo Innocenti. The constitution states that there must be at least three trustees, and the maximum is seven. The first trustees are entitled to hold office until they retire, are absent without permission, become physically or mentally incapable, are disqualified from acting as a trustee, are removed from office by written notice from the Founder or are removed by a resolution at a meeting of the charity trustees (excluding the charity trustee whose proposed removal is the subject of the resolution). In selecting individuals for appointment as charity trustees, the charity trustees will have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Apart from the first charity trustees, every trustee shall be appointed for a temi of three years. Any person retiring as a charity trustee is eligible for reappointment. Other than the Founder, a trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term, save in exceptional circumstances and with the unanimous approval ofthe charity trustees. Future trustees must be appointed by resolution of the trustees. The CIO will give regard to the Charity Commission's advice on the training and recruitment of new trustees. A quorum at a meeting of the trustees is two trustees. An Agreement for Supply of servIs with Ratio Ventures Limited was adopted 16 February 2023. An Agreement for Supply of Services with Ralio Ventures Limiled was adopted 16 February 2023. January 2025, the Foundation was established as an independent entity from Ratio Ventures Ltd. This included establishing new employment contracts and sland alone financial managernent arrangements. Objectives The objectives of the Foundalion are to advance such charilable purposes (according to the law of England and Wales} as the Trustees see fil from time to lime. The Foundation is a grant-making charitable foundation. Grants will be made for such charitable purposes as Ihe Foundation sees fit. in accordance with its policy and strategy. Achievements and activities during the financial year and futurè plans 2025 was a joyful year for Ihe Foundalion. Official Launch February 2025 saw the official launch of Ihe Foundation at a Launch Event held in central London. The celebratory evenl marked the culminalion oftwo years, careful preparation, and was supported by Ihe launch of the Foundation's 'Theory of Change, framework, a website and social media presence, and a beautiful 'Sparking Joy brand identity. Events March 2025, the Foundation's Executive Team Andrea Cooper, Federico Calafuri, and Board member Ruth Pryce attended the Anthropy annual gathering at the Eden Projecl. Membership of Anthropy continues to be an exlIent way for the Foundation to form friendships with diverse leaders across the UK, and locate the
Ferdinando & Luigi Innocenli Foundation Trustees, Annual Report (continued) work of the Foundation within a wider ecosystem of organisations and partners Gommitted to 'inspiring a better Britain,. June 2025, the Foundation's Chair and Founder Lorenzo Innocenti, Liliana Innocenti, and Executive Team Andrea and Federico had the honour of attending the Duke of Edinburgh's Gold Award celebration event at Buckingham Palace. Liliana and Lorenzo were able to meet HRH Duke of Edinburgh and share memories of the late Prince Philip's visit to the Innocenti factory in Milan in1965 plant to celebrate "British Week". Sept 2025. the team were proud to join a special event in Milan to celebrate the return of the Lambretta Siluro to Milan. The legendary scooter was designed and built in Milan in the late 1940s by Innocenti and broke a world record in 1951 by surpassing 200kmlh. The Foundation was pleased to play its part in returning it to Milan for others to enjoy. Pro ects Projects with BBC Children in Need and Big Change flourished across the year. BBC Children in Need identified 15 groups across the UK who each received funding to enable young people to develop plans for young people in their group to explore and discover their passions. The young people were creative and ambitious in how they decided to spend their funds - projects included outdoor adventures, art projects, and production of a summer festival for the local community- September 2025, Big Change announced six winners of the Spark Award. The winners received up to £40.000 to fund their pilots along wilh a 12-month tailored learning and development programme worth £10,000 including residentials. away days and mentoring. The young leaders, pilots include curating low-pressure, joyful spaces where young people can find pathways inlo climate action., a peer-led online help chat created for and by neurodivergent young people., equipping young people wilh the skills to navigate today s media landscape through media literacy, ethical content creation and storytelling. Autumn 2025, the Board approved its next wave of inveslment with the Duke of Edinburgh's Award, The Key, and Street Games. The Foundation's official Learning partner, Trust Impact supported the Executive Team to evaluate organisations and projects against the Theory of Change framework. These exciting projects exemplify the Foundation's commitment to its values of= joy. youth-led, invention, impact, and respect. Learnin Trust Impact have provided excellent support to partners to ensure they are collecting impact data in a way Ihat enable's the Foundation's commitmenl to learning. The Foundalion spoke at the Trust Impact 'Future of Social Impacl, Summil in November 2025 about the Foundation's commilment impact measurement and learning. Governance Summer 2025, the Foundation finalised its suite of policies, including data protection policies. These best practice underline the Foundalion's commitmenl to being an exemplar of good governance. The Board spenl time considering how lo embody the Foundation's commitment to Youth Vol, and decided Ihat across 2026, the Foundalion would recruit a Young Trustee and develop a Youth Advisory Group. Closin The Foundation's vision is a world where every young person has the opportunity to have fun, grow, and live with purpose. The purpose was based on the insights of young people that there are too few activities 'for loday that are fun and where personal growth is led by young people themselves. In launching, we have reiVed a very warm welcome from partners across the youth sector. We are deeply cornmitted lo working in partnership in a way Ihat adds value, builds on best praclice, and offers somelhing inventive and needed to the youth sector- and most importantly to young people.
Ferdinando & Luigi Innocenli Foundation Trustees, Annual Report (continued) Financial review The main source of annual income for the charity is donations by Ratio Ventures Limited, and this will continue into the following year. In 2025, total income was £648.550 {2024'. £449,907). Expenditure totalled £558,073 in 2025 {2024.' £534,553). Reserves policy Restricted reserves are held for the purpose of grant making activities. The unrestricted reserves figure represents running costs incurred by the Foundation,. these were £142,641 at 31 December 20251£29,157 at 31 December 20241. At 31 December 2025, the Foundation had total funds of £827,884, which was made up of an unrestricted fund of £142.641, and restricted funds of £685.243. The Directors of Ratio Ventures Limited have confirmed their intention to continue to support F&LIF for at least 12 months from the date of approval of this policy. The Directors of Ratio Ventures Limited have agreed to keep in liquid form a sum equivalent to the average quarterly request over the last 12 months to ensure that main operations can continue for a period of 12 months or longer if required, in 2025, an average quarter had operational spend of around £100,000. Risk The main risks to the Foundation relate to its overall effectiveness in delivering its initial strategy i.e. identifying strong partners that deliver against the Theory of Change framework, monitoring the impact and effectiveness of its investments, and using learnings to evolve and grow the Foundation. Funding The trustees are satisfied that the Foundations assets are available and adequate lo fulfil its obligations. Plans for future periods The Foundation is committed to learr)ing in order to understand. enhance. and grow its irnpact. It launched with a small number of projects, and added further projects across 2025. Looking forward lo 2026. the Foundalion will work with its Learning Partner (Trust Impacll to measure and understand the impact of these projects and idenlify gaps in the portfolio for further projects. This commilment lo learning will enable the Foundalion to become experts in the field of youth-led joy . As Ihe Foundation builds its expertise. it aims to attracl further philanthropists to its plafform of 'youth-led joy . Wider influence.. the Foundation will also use its learnings to make the case for the irnportance of. and more= youth-led investmenl investmenl in early-stage ideas and emerging models I mechanisms of philanthropic giving investmenl into activities that support young people to discover new passions, lead their own personal growih and live with purpose. Over the coming years and On we have established our track record and expertise. we plan to expand our operations into Italy. Grant making policy The Trustees have determined Ihat the priorities for funding across its initial period will be.. activities aligned with the vision and outcomes as per its Theory of Change framework partners aligned wilh organisational values. partners with a shared commitmenl to learning and evaluation.
Ferdinando & Luigi Innocenli Foundation Trustees, Annual Report (continued) Investment policy and performance F&LIF seeks to produce the best financial return for the Charity within an acceptable level of risk. The short- term investment objective for the reserves is to preserve the capital value with a minimum level of risk. Assets should be readily available to meet unanticipated cash flow requirements. The long-term investment objective for the reserves is to generate a retum in excess of inflation whilst generating an income to support the delivery of charitable activities. Going concern Based on the reserves policy and detailed cashflow forecasts there are no specific circumstances or uncertainlies that impact on the Board of Trustees assessment that the Foundation is a Going Concern. Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resour$ of the charity for that period. In preparing these financial statements. the trustees are required to= select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent- state whether applicable UK accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements., and prepare the financial statemenls on the going concern basis unless il is inappropriate to presume thal the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report was approved on the 14 May 2026 and signed on behalf ofthe board oftrustees by.. Lorenzo Ferdinando Innocenti Chair Trustee & Founder
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FERDINANDO & LUIGI INNOCENTI FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2025 I report lo the Trustees on my examination of the accounls of the Ferdinando & Luigi Innocenti Foundation, for the year ended 31 December 2024, which are set out on pages 8 to 17. Respective responsibililies of trustees and examiner As the trustees of the charity, you are responsible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 ('the Act'l. I report in respect of my examination of Ihe charity's accounts conducled under section 145 of the 2011 Acl and in conducting my examinalion I have followed all the applicable Directions given by the Charily Commission under section 14515){bl of the Act. Independent examinerfs statement Since the Charity's income is in eXsS of £250,000, your examiner must be a member of a body listed in the 2011 Act. I can confirm that l am qualified to undertake the examination because l am a registered member of the Institute of Chartered Accountsnts of England and Wales which is one of the listed bodies. I have completed my examination. I confirm Ihat no matters have come to my attention giving me cause to believe that in any malerial respect= accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act- or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that Ihe accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no olher matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Richard Weaver FCA Haysmac LLP 10 Queen Street Place London EC4R 1AG Date.. 2110512026
Ferdinando & Luigi Innocenli Foundation Statement of Financial Activities For the year ending 31 December 2025 Year ended 31 December 2025 Period ended 31 December 2024 Unrestricted Funds Restricted Funds Note Income from: Donations and legacies Investments Other Income Total income 488.696 140,868 629,564 414.903 18.806 180 507,682 18,806 180 648,550 35.004 140,868 449.907 Expenditure on: Charitable activities Totsl expenditure 392,823 392,823 165,250 165,250 558.073 558.073 534,553 534,553 Transfers between funds {1,375} 1,375 Net (expenditure>l income and net movement in funds 113.484 (23,0071 90,477 184,646) Reconciliation of funds: Total funds brought forward Total funds carried forward 29,157 708,250 737.407 822,053 142,641 685,243 827,884 737,407 The Siatement of financial activities includes all gains and losses recognised in the period. All income and expendilure derive from continuing activities. The notes on pages 11 to 17 form part of these financial statements.
Ferdinando & Luigi Innocenli Foundation Balance Sheet as at 31 December 2025 Note 2025 2024 Current assets Debtors Cash al bank and in hand Investments Total current assets 12 2,502 848,740 14,394 134,028 603,000 751,422 13 851,242 Creditors Amounts falling due within one year 14 23,358 14,015 Total current assets 827,884 737,407 Total net assetsl {liabilitiesl 827,884 737,407 Funds Reslricled income funds Unrestricted funds 16 16 685,243 142,641 708,250 29,157 Total funds 827,884 737,407 The financial slalements were approved by the trustees, and authorised for issue on 14 May 2026 and signed on their behalf by.. Lorenzo Ferdinando Innocenti Chair Trustee & Founder The notes on pages 11 to 17 form part of these financial statements.
Ferdinando & Luigi Innocenli Foundation Statement of Cash Flows For the year ending 31 December 2025 2025 2024 Notes Cash flows from operating activities Net movement in funds Interest income Decreasel (increase) in debtors Increase in creditors Net cash provided by operating activities 90,477 {18,8061 11,892 9,343 92,906 (84,646) (35,004} (13,756) 5,010 128,396 Cash flows from investing activities Interesl received Net cash provided by investing activities 18,806 35,004 35,004 Change in cash and cash equivalents in the reporting period 111,712 (93,392) Cash and cash equivalents at the beginning of the reporting period 737,028 830,420 Cash and cash equivalents at the end of the reporting period 848,740 737,028 Cash and cash equivalents are made up of: Cash at bank and in hand Currenl investments 848,740 134,028 603,000 Total 848,740 737,028 The notes on pages 11 to 17 form part of these financial statements. 10-
Ferdinando & Luigi Innocenli Foundation Notes to the Financial Statements For the year ending 31 December 2025 1. General information The Ferdinando & Luigi Innocenti Foundation is a public benefit entity that is constituted as a registered charitable incorporated organisation {CIO} in England and Wales. The address of the principal office is The Clock House, 6 St. Catherine's Mews, London, SW3 2PX. The charities objectives are detailed in the Annual Trustees report on page 3. 2. Statement of Compliance The charity is a public benefit entity as defined by FRS102. These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP {FRS 102)) and the Charities Act 2011. 3. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost convention. The financial statements are prepared in pounds sterling, which is the functional currency of the charity and are rounded to the nearest £1. Going concern At the lime of approving the financial slalements, the trustees have a reasonable expectation that Ihe charity has adequate resources lo continue in operalional existence for the foreseeable future and there are no material uncertainties. Thus, the trustees have adopted the going concem basis of accounling in preparing the financial staternents. Judgements and key sources of estirnation uncertainty The preparation ofthe financial ststements requires management to makejudgements, estimates and assumptions that affecl the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Restricted Funds - these are funds which are to be used for specific purposes. as laid down by the donor. Income All income is included in Ihe statement of financial activities when enlitlemenl has passed to the charity, it is probable that the economic benefits associated with the Iransaction will flow to the charity and Ihe amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and ils amount can be measured reliably.
Ferdinando & Luigi Innocenli Foundation Donated services and facilities Donated services and facilities are included in the SOFA when reiVed at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Investment income This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. All expenditure inclusive of irrecoverable VAT. Expenditure is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a cornmitmenl, but not accrued as expenditure. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts. Cash and Cash Equivalents Cash and cash equivalents include cash at bank and in hand and short-term deposits with a maturity dale of twelve months or less. Financial instruments A financial asset or a financial liability is recognised only when the entily becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised al the amount re1vable or payable including any related Iransaction costs. unless the arrangement constitutes a financing transaction, where il is recognised at Ihe present value of the fulure paymenls discounted at a market rate of interest for a similar debt instrumenl. 12-
Ferdinando & Luigi Innocenli Foundation Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity can hold cash and cash equivalents wth a maturity date lessthan one year. These include cash on deposit and cash equivalents with a maturity dale of less than one year held for investment Taxation The charity is exempt from corporation tax on its charitable activities. 4. Analysis of income Unrestricted funds Restricted funds Total funds 2025 Total funds 2024 Donations and legacies Donations and gifls Donated goods. facilities and services Total 407,000 81,696 140,868 547,868 81,696 131,375 283,528 488,696 140.868 629.564 414.903 Investment income Interest receivable Total 18,806 18,806 18,806 18,806 35,004 35,004 Total Income 507,502 140.868 648.370 449,907 5. Donated goods, facilities and services 2025 2024 Accounlancy services Seconded staff costs Supplier invoices settled Donations for operational expenditure Use of computer equipment Use of property 5,400 150,028 93,302 46,898 407,000 500 34,298 500 34,298 Total 488,696 283,528 All donated goods, facilities & services were from Ratio Ventures Limited. During the period, Ratio Ventures Limited settled supplier invoices on the Foundation's behalf tolalling £Nil 12024- £93,302), paid seconded staff costs of£46,898 {2024.' £150,028), donations made for operating expenditure was £407,00012024: £Nill and provided donations in-kind of accounting servIs, use of computer equipment and office spa amounting to £34,79812024'. £40,198). These are measured at their fair value. 13
Ferdinando & Luigi Innocenli Foundation 6. Expenditure on charitable activities by fund type Unrestricted funds Restricted funds Total Funds 2025 Total Funds 2024 Expenditure on charitable activities Accountancy & independent examination Bank charges Computer costs Conferences Consultancy & professional Fees Entertainment Grant funding Legal Fees Membership fees & subscriptions Rent Staff costs Travel & accommodation 19,470 19,470 5,400 396 6,813 337 144,124 183 396 6,813 337 144,124 183 164,250 13,209 11,112 34,298 156,728 6,153 60 2,537 74,167 534 251,750 3,900 4,018 34,298 150,028 7,861 165,250 13,209 11,112 34,298 156,728 6,153 Total 392.823 165.250 558,073 534,553 7. Expendilure on Charitable activities by activity type Grant funding of activities Total 2025 Total 2024 Activity or programme Support costs Charitable activities 165,250 392.823 558,073 534.553 Total 165,250 393,323 558,073 534.553 8. Analysis of grants Year ended 31 December 2025 Period ended 31 December 2024 Grants paid to institutions 165.250 251,750 165.250 251,750 Grants paid in year: Big Change Agent Academy C.l.C Royal Acaderny of Dance 149.000 15,750 500 Total 165.250 14-
Ferdinando & Luigi Innocenli Foundation 9. Analysis of Support costs 2025 2024 Accountsncy & independent examination Bank charges Compuler costs Conferences Consultancy & professional Fees Entertainment Legal Fees Membership fees & subscriptions Rent Slaff costs Travel & accornmodation 19,470 396 6,813 337 144,124 183 13,209 11,112 34,298 156,728 6,153 5,400 60 2,537 74.167 534 3.900 4.018 34,298 150,028 7,861 Totsl 392,823 282,803 10. Independent Examination fees 2025 2024 Fees payable for the independent examination of the financial statements 3.150 3.000 11. Staff costs The Foundation only employed staff members from April 2025, before the staff were seconded from Ratio Ventures Limited, which is a related party. During the year, one employee earned £112,845 exclusive ofemployer pension contributions12024'. one employee eamed £97,371). During the period, payments made to key management personnel, including employer pension contributions and employer national insurance totalled £115,020 {2024'. £98,692). 12. Debtors 2025 2024 Prepayrnents Accrued income Total 1.402 1.100 2.502 8,304 6,090 14,394 13. Analysis of current asset investments 2025 2024 Cash or cash equivalents 603,000 15-
Ferdinando & Luigi Innocenli Foundation 14. Creditors: amounts falling due within one year 2025 2024 Aged creditors Accruals Other Taxes and social security Other Creditors Total 12.198 6,155 4,539 466 23.358 6,810 9,005 14,015 15. Analysis of charitable funds- movement in funds Current year Brought fonmard 1 January 2025 Income Expenditure Transfer Carried forward 31 December 2025 Unrestricted funds 29,157 507,682 (392,8231 (1,3751 142,641 Reslricted funds 708,250 140,868 (165,2501 1,375 685,243 Total Funds 737,407 648,550 558,073 827,884 Restricted funds are held for the purpose of grant making activities. Prior year Brought forward 1 January 2024 Income Expenditure Carried forward 31 December 2024 Unrestricled funds (7,9471 319,907 (282,803} 29.157 Restricted funds 830,000 130,000 (251,750} 708.250 Total Funds 822,053 449,907 534,553 737.407 16
Ferdinando & Luigi Innocenli Foundation 16. Analysis of net assets between funds Current year Unrestricted funds Restricted funds Total funds 2025 Currenl assels Creditors due within one year 165,999 {23,3581 685,243 851,242 {23,358) Net Assets 142,641 685,243 827,884 Prior year Unrestricted funds Restricted funds Total funds 2024 Current assels Creditors due within one year 43,172 {14,0151 708,250 751,422 (14,015) Net Assets 29,157 708.250 737,407 17. Transactions with trustees and relaled parties Transactions with related parties All of the donations into the Foundation are from Ratio Ventures Limited. This company is under the control of Lorenzo Ferdinando Innocenli who is also one of the company's directors, and who is Chair Trustee & Founder of this Foundation. Leonardo Colaianni who is the son of trustee Luca Colaianni had hotel and travel expenses of £Nil (2024.. £131) paid by the charity in his capacity of young advisor to the Board of Trustees. None12024: None} of the trustees were paid any remuneration or received any other benefits from an employment with the charity or a related entity in the period ended 31, Decernber 2025. There were no balances outstanding with any related parties at the 31 December 2025 (2024.. Nill. None {2024: None) of the trustees had travel and accommodation expenses met by the charity. 17