2025-10-31-accounts - Planet Universe

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Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

CHARITY REGISTRATION NUMBER: 1205416

Planet Universe

Unaudited Financial Statements

31 October 2025

COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Financial Statements

Year ended 31 October 2025

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	3
Statement of financial activities	4
Statement of financial position	5
Notes to the financial statements	6

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Trustees' Annual Report

Year ended 31 October 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 October 2025.

Reference and administrative details

Registered charity name Planet Universe Charity registration number 1205416

Principal office

The trustees Rabbi E Schneebalg Mrs A H Burman Mrs C Brazil Independent examiner Cohen Arnold New Burlington House 1075 Finchley Road LONDON NW11 0PU

Structure, governance and management

Planet Universe is overseen by a Board of three Trustees and operated by a team comprising 10 staff members and 20 volunteers. The charity is managed in accordance with its governing document and relevant regulatory requirements.

Objectives and activities

Planet Universe advances the wellbeing and personal development of children and young people aged 3 to 17 through inclusive, creative and engaging programmes. Activities are delivered across North and North West London and are subsidised to ensure accessibility for all, including families facing financial hardship.

Achievements and performance

In its second year, Planet Universe continued to see an increase in participation, delivering over 10 weekly programmes alongside seasonal events and creative projects. Key highlights were the yearly show production with several hundred attendees and continued support from over 20 active volunteers. The charity maintained a strong emphasis on accessibility and inclusion.

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Trustees' Annual Report (continued)

Year ended 31 October 2025

Financial review

Reserves Policy

It is the policy of the charity to maintain free reserves which cover at least three months of operational expenses. As this is the second year that the charity operated, it was not yet possible to achieve the desired level of reserves.

As at 31 October 2025, the charity held £9,487 in unrestricted funds.

Risk Management

The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to operations and finance of the charity, and are satisfied that systems are in place to manage those risks.

The trustees' annual report was approved on 19 August 2026 and signed on behalf of the board of trustees by:

Rabbi E Schneebalg

Trustee

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Independent Examiner's Report to the Trustees of Planet Universe

Year ended 31 October 2025

I report to the trustees on my examination of the financial statements of Planet Universe ('the charity') for the year ended 31 October 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the 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 other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Goldberg, FCA DChA

Cohen Arnold 1075 Finchley Road LONDON NW11 0PU

19 August 2026

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Statement of Financial Activities

Year ended 31 October 2025

				Period from
				26 Oct 23 to
		Year to 31 Oct 25		31 Oct 24
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	4	52,076	52,076	53,059
Charitable activities	5	38,212	38,212	27,232
Other income	6	25,670	25,670	1,628
		`──────────`	`──────────`	`─────────`
Total income		115,958	115,958	81,919
		`══════════`	`══════════`	`═════════`
Expenditure
Expenditure on charitable activities	7,8	112,157	112,157	76,233
		`──────────`	`──────────`	`─────────`
Total expenditure		112,157	112,157	76,233
		`══════════`	`══════════`	`═════════`
		`──────────`	`──────────`	`─────────`
Net income and net movement in funds		3,801	3,801	5,686
		`══════════`	`══════════`	`═════════`
Reconciliation of funds
Total funds brought forward		5,686	5,686	–
		`──────────`	`──────────`	`─────────`
Total funds carried forward		9,487	9,487	5,686
		`══════════`	`══════════`	`═════════`

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 10 form part of these financial statements.

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Statement of Financial Position

31 October 2025

		2025	2024
	Note	£	£
Current assets
Debtors	11	10,000	10,000
Cash at bank and in hand		4,487	686
		`─────────`	`─────────`
		14,487	10,686
Creditors: amounts falling due within one year	12	5,000	5,000
		`─────────`	`─────────`
Net current assets		9,487	5,686
		`───────`	`───────`
Total assets less current liabilities		9,487	5,686
		`═══════`	`═══════`
Funds of the charity
Unrestricted funds		9,487	5,686
		`───────`	`───────`
Total charity funds	13	9,487	5,686
		`═══════`	`═══════`

These financial statements were approved by the board of trustees and authorised for issue on 19 August 2026, and are signed on behalf of the board by:

Rabbi E Schneebalg

Trustee

The notes on pages 6 to 10 form part of these financial statements.

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 88 Edgware way, Edgware, HA8 8JS.

2. Statement of compliance

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 (FRS 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 basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There no material uncertainties about the charity's ability to continue its charitable activities for the foreseeable future.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect 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.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and 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.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

4. Donations and legacies

Donations and legacies
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Donations
Donations	52,076	52,076	53,059	53,059
	`═════════`	`═════════`	`═════════`	`═════════`

5. Charitable activities

Charitable activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Creative and recreational activities	10,133	10,133	8,671	8,671
Cultural activities	1,773	1,773	1,014	1,014
Day camp and holiday activities	10,196	10,196	5,746	5,746
Performance and annual show	4,703	4,703	3,985	3,985
Sports and exercise	10,197	10,197	6,763	6,763
Membership	1,210	1,210	1,053	1,053
	`─────────`	`─────────`	`─────────`	`─────────`
	38,212	38,212	27,232	27,232
	`═════════`	`═════════`	`═════════`	`═════════`

6. Other income

Other income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Other income	25,670	25,670	1,628	1,628
	`═════════`	`═════════`	`═══════`	`═══════`

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Notes to the Financial Statements (continued)

Year ended 31 October 2025

7. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Creative and recreational activities	36,610	36,610	23,156	23,156
Cultural activities	9,628	9,628	9,469	9,469
Day camp and holiday activities	14,769	14,769	13,293	13,293
Performance and annual show	21,286	21,286	14,243	14,243
Sports and exercise	28,887	28,887	14,189	14,189
Support costs	977	977	1,883	1,883
	`──────────`	`──────────`	`─────────`	`─────────`
	112,157	112,157	76,233	76,233
	`══════════`	`══════════`	`═════════`	`═════════`

8. Expenditure on charitable activities by activity type

Expenditure on charitable activities	by activity type
	Activities
	undertaken		Total funds	Total fund
	directly Support costs		2025	2024
	£	£	£	£
Creative and recreational activities	36,610	–	36,610	23,156
Cultural activities	9,628	–	9,628	9,469
Day camp and holiday activities	14,769	–	14,769	13,293
Performance and annual show	21,286	–	21,286	14,243
Sports and exercise	28,887	–	28,887	14,189
Governance costs	–	977	977	1,883
	`──────────`	`────`	`──────────`	`─────────`
	111,180	977	112,157	76,233
	`══════════`	`════`	`══════════`	`═════════`

9. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

10. Trustee remuneration and expenses

There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

11. Debtors

11.	Debtors
		2025	2024
		£	£
	Prepayments and accrued income	10,000	10,000
		`═════════`	`═════════`
12.	Creditors: amounts falling due within one year
		2025	2024
		£	£
	Other creditors	5,000	5,000
		`═══════`	`═══════`

Docusign Envelope ID: E73C1482-2FBE-8825-8131-AE3576785068

Planet Universe

Notes to the Financial Statements (continued)

Year ended 31 October 2025

13. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At			At
	1 November			31 October
	2024	Income	Expenditure	2025
	£	£	£	£
General funds	5,686	115,958	(112,157)	9,487
	`═══════`	`══════════`	`══════════`	`═══════`
	At			At
	26 October			31 October
	2023	Income	Expenditure	2024
	£	£	£	£
General funds	–	81,919	(76,233)	5,686
	`════`	`═════════`	`═════════`	`═══════`
Analysis of net assets between funds
			Unrestricted	Total Funds
			Funds	2025
			£	£
Current assets			14,487	14,487
Creditors less than 1 year			(5,000)	(5,000)
			`─────────`	`─────────`
Net assets			9,487	9,487
			`═════════`	`═════════`
			Unrestricted	Total Funds
			Funds	2024
			£	£
Current assets			10,686	10,686
Creditors less than 1 year			(5,000)	(5,000)
			`─────────`	`─────────`
Net assets			5,686	5,686
			`═════════`	`═════════`

14. Analysis of net assets between funds

15. Related parties

There were no reportable related party transactions during the year under review.