TUCO FOUNDATION CIO Charitable incorporated organisation Charity Registration No." 1206611 Company Registration No." CE034958 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENOED 31 MARCH 2025
Contents Period ended 31 March 2025 Page Legal and administrative information Report of the Trustees Report of the Independent Auditors statement of Financial Activities io Balance Sheet li Cash Flow Statement 12 Notes forming part of the Financial Ststements 13-18
Legal and admlnlstrative Infom)ation Period ended 31 March 2025 The structural and administrative details for the Charity are as follows= Name.. TUCO Foundation CIO Type of entity.. Charitsble incorporated ¢xganisation Date of incorporation= 18 February 2024 Registered Charity Number= 1206611 Company number: CE034958 Re8lStered and principal ollice= 3" Floor, 44 Peter Street. Manchester, M2 5GP The Trustees as at the date of this report (the "Trustees-l are: Michael Haslin lappointed 22.01.241- Chief Executive Officer Philip Rees-lones lappointe(101.04.241 Sarah Hodgson lappointed 25.10.241 Ryan Hanson lappointed 08.11.241 Amanda Pettingill (appointed 12.12.241 The bankers are.. HSBC UK The solicitors are.. Shoosmiths LLP The XYZ Building 2 Haidman Square Spinnin8fields Manchester M3 3AZ The auditors are: Mitchell Charlesworth (Audit) Limite 3rd Floor 44 Peter Street Manchester M2 SGP 21Page
Contents Period ended 31 March 2025 The trustees present their report together with the financial ststements for the period ended 31 March 2025 The linancial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity'5 governing document, the Charities Act 2011 and Accounting and Reporting by Charities- 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 issued in October 2019. Oblerttves and activltles The TUCO Foundation was established on the 18" January 2024. it Is a wholly owned subsidiary of The University Caterers Organisation ITUCOI Ltd, who are a not-for-profit or83nisation. The objects of the Foundation are for the public benetit and will advance education in such ways as the charity trustees think tit. in particular. but not limited to the promotion and provision of trainin8 in catering 3rMI hospitality.. and such other exclusively charitable purposes under the laws of England and Wales as the tharity trustees may decide from time to time. The Board of Trustees, with the exception of the Chief Executive are all unpaid volunteer5. Achlevements and perlormances D(Jring the lirst year of trading the charity has performed well against the stated objectives delivering 145 courses to Over 1400 individuals. The Foundation also held a successful culinary competition which Saw over ITh) competitor5. IS UK and international catering study tours were held where over IW people visited various universities and catering operations. Publ1¢ benellt statement The trustees have had due regard to the 8uidance published by the Charity Commission on public benelit. The charity aims to advance educati¢)n in such ways as the charity trustees think tit, in particular but not limited to the promOon and provisSon of Iralnln8 In ¢aterlng and hospltallty. Flnanclal revlew The statement of linancial activity is set out on page 10 ol the thnancial ststements. Income for the period was £1,575,120 which includes El,4CK).CW of donations from The University Caterers Or8ani5ation. Expenditure for the period wa5 £848,185 leavin8 an overall surplus of £726.935. All income is unrestricted in nature. Reserves pollcy Total reserves as at 31 March 2025 were £726,935, all of which are unrestricted. Reserves are defined as tjnrestricted funds if they are freely available to be spent on charitsble purposes. Reserves should be held 10 Service an unexpected need for funds, covering unforeseen day-to-day operational costs, a shortfall in income or lo fullil our obligations. Our reserves lIcY is designed to reflect the underlying risks facing the charity and to ensure we have appropriate level of reseNes to safeguard our operations. Accordingly. we aim to maintsin 3 reserve fund of at least 6 months of runnin8 Costs. This 11£Y is reviewed annually. Based on the current re5erve5 of £726,935, the Trustee5 consider the level of reserve5 to be sufficient. Rlsk pollcy The trustees have assessed the major risks to which the tharity is exposed. A fomial risk gIster 1% in plate and the trustees are sati5lied that systems are in place to mitigate exposure to the risks identified. Plans for the future The Trustees view the coming 2-3 years as one of consolidation with continued investment in training and education. During this period we will build our relationships with key siakeholders and engage with the public to promote our
Contents Period ended 31 March 2025 services. Going concern Following 3 review of the linantial w>sition at the date of signing these actounts and the projections for the following twelve months, the Trustees consider that the charity is a going concem. Structure, governance and management The board of Trustees administers the charity and meets at least 2 times a year. Michael Haslin has been appointed by the trustee5 to manage the day-ttrday operations of the charity. To facilitate effective operations. the Board has delegated authority to Michael Haslin for 311 operational matters including linance and employment. Governlnu document The charity was registered on 18 January 2024. TUCO Foundation CIO is a charitsble incorporated orsanisation, governed by its constitution. Appolntment of trustees Any person who is willing to act as a Trustee. and who would not be disqualified from acting as such, may be appointed to be a Trustee for a renewable term of three years by the Member (acting through an authorised representative) servlng notice In writing on the FourKlatbon. Renewal is to be assumed unless the Member provSdes a Trustee with notice to the contrary. Trustee Indurtlon and trainln8 New trustees undergo an induction to brief them on.. Their legal obligations under charity law The content ol the 8oveinin8 document The business plan Recent financial performances of the charity Related PaeS In addition lo the trustees who served dvrin8 the year, the Trustees consider the following or8anisation to be a related party lor the purpose5 of disclosure of related party transactions: The University Caterers Organisation Limited FurKlralsln8 The charity doe5 not carry out $18nificant fiJndraisin8 activitie5. Trustees The Trustees who served during the period of the report were as foll¢)ws: Michael Haslin (appointed 22.01.20241- Chief Executive Ollicer Philip Rees-lone5 lappointed 01.04.241 Emma Stan5lield (appointed 24.10.24. resigned 31.05.251 Sarah Hodgson lappointed 25.10.241 Ryan Hanson lappointed 08.11.241 Amanda Pettingill13ppointed 12.12.241 Matthew White (appointed 18.01.24, resigned 31.10.241 Annabelle Hurst (appointed 18.01.24. resigned 31.12.241 Trustees. responsibilities The trustees are responsible for preparing the Trustees. Annual Report and the tinancial statements in accordance with applicable law and United Kingdom Accounting Standards (united Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each linancial year which give a true and fair
Contents Period ended 31 March 2025 view of the stste of the affairs of the charitable company and the group and of the incoming resources and application of resources. including the income and expenditure. of the charitable group for that period. In preparing these linancial statements, the trustees are required to= select suitsble accounting policies and then apply them consi5tently- observe the methods and winciples in the Charities SORP., make judgements and estimates that are reasonable and prudent- stste whether applicable UK accounting standards have been followed, subject to any material departure disclosed and explained in the linancial statements- and prepare the linancial statefflent5 on the goin8 concem basis unless it 15 inappropriate to assume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the finantial position of the tharitable company and enable them to ensure that the linancial st3tement% comply with the Comp3nie5 Act 2C()6. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board on 2210712025 and signed on its behalf by: 7fL.kaAL Michael Haslin Trustee
Contents Period ended 31 March 2025
TUCO FOUNDATION CIO Report of the Audltors to the Trustees of TUCO Foundation ao Period ended 31 March 2025 Opinion We have audited the financial statements of TUCO Foundation CIO lthe 'Charity'l for the period ended 31 March 2025 which comprise the statement of tinancial athvities. the balance sheet. the statement of c35hflows and notes to the lin3ncial statements, includin8 signilicant accounting policies. The linanci31 reporting framework that h3s been applied in their preparation 15 applicable13w and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Rekx>rtin8 Stondard applicable in the UK ond Republic of Ireland Iunited Kingdom Generally Accepted Accounting practi). In our opinion, the financial statements- give a true and fair view of the state of the charitable incorporated Organisations affairs as at 31 March 2025 and of its incoming resources and application of resources. for the year then ended., have been properly Prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditin8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's reswnsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audlt of the tinancial ststements In the UK. Including the FRC'S Eth5cal standard, ond we have lullilled our other ethical re5ponsibilitie5 in accordance with these requiremen15. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Concluslons relatin8 to lolng concern In auditing the linancial statements, we have concluded that the trustees, use of the going toncern basis of accounting in the preparation of the linancial statements is appropriate. Based on the work we have performed, we have not identilied any material uncertaintie5 relating to events or conditions that, individually or collectively, may cast signilicant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the tinancial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respert to going concern are described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual report other than the tinancial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements doe5 not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility 15 to read the other information and. in doing so, tonsider whether the other information is materially incon51Stent with the linancial statements or our knowledge obtained in the course ol the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to 3 material misstatement in the tinancial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fart. We have nothing to report in thi5 regard. Opinions on other matters prescribed by the Companies Act 2006 71Page
TUCO FOUNDATION CIO Report of the Audltors to the Trustees of TUCO Foundation ao Period ended 31 March 2025 In our opinion, based on the work undertaken in the course of the audit= the information given in the trustees. rety)rt. which includes the director5, report prepared for the purposes of company law. for the linancial year for which the financial statements are prepared is consistent with the tinancial statements., and the directors, report included within the trustees. report has been prepared in accordance with applicable legal requirements. Matter5 on which we are required to report by exception In the light of the knowledge and tJnderst3nding of the tompany and its environment obtained in the tour%e of the audit, we have not identilied material mi5Statements in the directors, report included within the trustees, report. We have nothing to report in le5ct of the following matters in relation to which the Companies Att 2)6 require V5 to report to you if, in our opinion: the inform8tion glven in the financial ststements is inconsistent in any material respect with the tru5tees' report: or sufli¢ient accounting records have not been kept: or the financial statements are not in agreement with the accounting records.. or we have not received 811 the information and explanation5 we require for our audlt. Responslbllltles of trustees As explained more fully in the statement ot trustees. responsibilities. the trustees, who are also the directors of the char5ty lor the purpose ol company law. are respsible f<w the piepaiation of the tinancial statements and lor bein8 5ati5lied that they 8ive a true and fair view. and lor such internal control a5 the trustees determine 15 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparin8 the linancial statements, the trustee5 are responsible for as5essin8 the charity's ability to continue as a going concern, disclosing. as applicable. m3tters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audltor's responslbllltles for the audlt of the Ilnandal st*ements Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether dtje to fraud or error, and to issue and auditor's report that includes our opinion. Reasonable assurance is a high level of as5vrance but is not a guarantee that an audit COlUCted in accordance with ISAS IUKI will always detect a material misstatemenl when it exists. Misstatement5 can arise frorn fraud or error and are considered material if. individually or in aggregate , they could reasonably be expected to inlluence the economic decisions of users taken on the basis of these linancial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material mi5Statements in respect of irregularitie5, including fraud. The extent to which our procedures are capable of detechng irregularities, including fraud, 15 detailed below. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misststement in the linancial 5tstements or rKJn£ompliance with regulation. Thi5 risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. 35 fraud involves intentional concealment, forgery, collusion, omi55ion or misrepresentation. 81Page
TUCO FOUNDATION CIO Report of the Audltors to the Trustees of TUCO Foundation ao Period ended 31 March 2025 Extent to which the audit was Condered iapable of detecting irre8ularities, indudin8 fraud We identify and assess the risks of material misstatement of the linancial statements. whether due to fraud or error, and then design and perform audit procedures SponSive to those risks. including obtaining audit evidence that is suflicient and appropriate to provide a basis for our opinion. Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misststement in respect of irregularities, including fraud and non- compliance with laws and regulations. we Conside the following.. the nature of the sector. control environment and or8anisation'5 performance- the charitable company's Ovdn assessment of the risks that irregularities may occur either as a result of fraud or error., the results of our enquiries of management and members of the Board of Trustees of their own identification and a5se55ment of the risks ol irregularitie5'. any matters we identitied having obtsined and reviewed the charitable company's d¢xumentation of their policies and procedures relating to.. identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance., detecting and responding to the risks ol fraud and whether they have knowledge of any actual, suspected or alleged fraud,. and the internal controls established to mitigate risks of fraud or rn-cOMpliance with laws and regulations., and the matters discussed among the audit enBa8ement team regarding how and where fraud might occur in the linancial statements and any potential indicators of fraLKI. A5 a result of these Procedures, we considered the oprtunitieS and incentives that may exist within the organisation for fraud and identilied the greatest potential for fraud in the following areas.. lil The presentation of the charitable company's Statement of Financial Activities. lill the charitable company's accounting policy for revenue recognition, liiil the classilication ol restricteij funds in the financial statements, and Ivil the management override of controls. In common with all audits under ISAS IUKI, we are also required to perform 5pecilit procedures to respond to the risk ol management override. We a150 obtained an understanding ol the legal and regulatory framework that the Charitable company operates in. focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Charities Act, the Charities IAccounts and Reports) Regulations 2(N)8 and the Statement of Recommended Pr3ctice-'Ac¢ounting and Reporting by Charities. jsstjed by the joint SORP making body. In addition, we considered provisions of other laws and regulations that do not have 3 direct effect on the financial statements but compliance with which may be fundamental to the charitable company's ability to operate or to avoid a material penalty. The key laws and regulation5 we considered in this context included employment law, health and safely at work, GDPR, and the UK Companie5 Act and Charities SORP. Audit response to risks identified In addition to the above. our procedures to respond to risk5 identified included the following: reviewing the financial statement disclosures and testing to supw)rting documentation to assess compliance with relevant law5 and regulations dexribed alM)ve a5 having a direct effect on the tinancial 5tatements-, enquiring of management and members of the Board of Trustees concerning actual and potenti31 litigation arhd claims., 91Page
TUCO FOUNDATION CIO Report of the Audltors to the Trustees of TUCO Foundation ao Period ended 31 March 2025 performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud- reading minutes of meetings ol those charged with governance and reviewing correspondence with relevant authorities where matters identitied were significant., in addressing the risk of fraud through management override of controls. testing the appropriateness ol journal entries and other adjustments- assessing whether the judgements made in making accounting estimates are indicative of a wtential bias-, and evaluating the business rationale of any signilicant transactions that are unusual or outside the normal course of business. We also communicated relevant identitied laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our resN)nsibilities is available on the Financial Reporting Council's website at http5'.//www.frc.or8.uk/auditorsresponsibilitie5. This description forms part of our auditor's report. Use of our report This report is made solety to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mi8ht state to the ch3rit3ble company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by13w, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work. lor this report, or for the opinions we have formed. Jamlelee Johnston1Senlor Statutory Audltorl for and on behall ol Mltchell Charlesworth (Audltl Llmlted statutory Auditor 3° Floor 44 Peter Street Manchester M2 SGP Dated: 2210712025 Mitchell Charlesworth (Audit) Limited is eliKible for appointment a5 auditor of the charity by virtue of its eli8ibility for appointment as auditor of a company under sectbon 1212 of the Companies Act 2006. IOIPage
statement of Financial Athvities Per1 ended 31 March 2025 Note5 Unrestricted Funds YEAR 2025 Income from: Donations and legacies 1,400,000 Income from charitsble activities: 175,120 Total Income 1,575,120 Expenditure on: Ch3rit3ble Activities 848,185 Total expenditure 848,185 Net movement in funds for the period 726,935 Fund balances brought foNard Fund balances carried forward 726,935 The statement ol linancial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuin8 activities. IIIPage
Balance sheet Perlod ended 31 March 2025 2025 2025 Note5 Current assets Debtors Bank account lunds io 41.188 700,863 742,051 Creditors.. amounts falling due within one year li 115,1161 Net Current Assets 726.935 The fvnds of the ch)rlty Unrestricted Funds 726,935 Total Funds 726,935 The trusteelrectorS acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to the accounting records and the preparation of the lin3nci31 statements. 2210712025 These flnanclal statements were approved by the trustees on and are $58ned on thelr behalf by: m.ko4L Mlchael Haslln Trustee The notes on pages 13 to 17 form part of these finarKial statements 121Page
statement of Cash Flow5 Perlod ended 31 March 2025 2025 Note5 Cash flows from operating artivities Cash generated Iromllabsorbed by) operations 16 7W,863 Net Cash flow from investing activities Net Cash flow from linancin8 activities Net Increase In cash and cash equlvalents 7W,863 Cash and cash equlvalents at be8lnnlni of the perlod Cash and cash equlvalent5 at the end of the perlod 7W.863 131Page
statement of Cash Flow5 Perlod ended 31 March 2025 Accounting policies Charlty Informatlon TUCO Foundation CIO is a registered charitable incorporated organisation in England & Wales. The regis- tered oflice is 3th Fl(K)r. 44 Peter Street. M3nchester, M2 5GP. 1.1 Reportin8 period The charity was registered on 18 January 2024. therefore these tinancial statements represent a period from 18 February 2024 to 31 March 2025. 1.2 Accountin8 convention The tinancial statements have been prepared under the historical cost convention, in accordance with the Companies Act 2006. FRS 102 "The Financial Rep¢)rting Standard applicable in the UK and Republi¢ of Ireland I'FRS 102,1 and the Charities SORP 'Accounting and Reporting of Charities: Statement of Rec- ommended Practice applicable to charities preparing their accounts in accordance with the Financial Re- porting Standard applicable in the UK and Republic ol Ireland IFRS 1021" (effective l January 20191. The charlty is a Public Benefit Entity 35 delined by FR$ 102. The linancial statements are prepared in sterlin8 which is the functional currency of the charity. Mone" tary amounts in these linancial statements are rounded to the nearest E. 1.3 Goln8 conrn At the lime of approving the linancial statements. the trustees have a reasonable empectation that the charity has adequate resources to continue in operation31 existence for the foreseeable future. Thus the trustees continue to adopt the 80in8 concem basis of accountin8 In preparing the Ilnancial statements. 1.4 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Income Incotne is re¢ogni5e(I when the charity is legally entitled to it after nay performance conditions h3ve been met, the amounts can be measured reliably, and it is probable that income will be received. Donations are recognised once the charity has been notified of the donation, unless performance condi- tions require deferral of the amount. Income tsx (oVerable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.6 EXpendIre Expenditure is recogni5ed once there is a legal or constructive obligatiorb to transfer economic benelit to a third party, it 15 probable that a transfer of economic benelits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classed by activity. The cost5 of each activity are made up of the totsl of direct tost5 and shared cost5. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated dirertly to that activity. Shared costs which contribute to more than one ac- tivity and 5UPPDrt costs which are not attributable to a single activity are apportioned beeen those ac- tivities on a basis consistent with the use of resources. Central staff costs are allrKated on the basis of time Spent. 141Page
statement of Cash Flow5 Perlod ended 31 March 2025 Accounting policies (Continued) Allocatlon of Govemance and Support costs Support costs are those lunctions that assist the work of the charity but do not directly undertake chari- table activities. Support costs inclLKle bad( office costs. lin3rKe. personnel and governance costs which support the Charity's artivthes. Both Governance costs and Support costs are allocated to the other actTvities in proportion to direct ex- penditure as it is the trustee's opinion that this is the best practical apportionment. 1.7 Cash and tash equlvaler Cash and cash equivalents include cash in hand. deposits held at call with banks, other short term liquid investments with original maturities of three months Of less. and bank overdrafts. Bank overdrafts are shown within borrowing in Current liabilities. 1.8 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of it5 linancial in5trumentS. Financial assets and liabilities are recognised when the Charity becomes party to the contractual provi- sions of the linanci31 instrument. The Charity holds basic linancial instruments which comprise cash at bank. trade and other receivables and tratle and other payables. Basic financial instruments such as social investments, debtors. bank balances and creditors are recog- nised at transaction value. 1.9 Taxatlon The Charity is exempt from cOrratiOn tax on its charitable activities. Crltl¢al ac¢ountln8 estlmates and ludiements There are currently no signiticant judgements and estimates applied by the trust which are considered key to the preparation of the financial statements. Income from Donatton$ Unrestrlcted Funds 2025 Donations I,4,000 Totsl I,4,000 151Page
statement of Cash Flow5 Perlod ended 31 March 2025 Income from charitable activities Unrestrirted Funds 2025 Competition 2024 Study Tours Courses 82,440 39,560 53,120 Total Income from charltable activities 175,120 Éxpendlture on charltable activltles Competition 2024 study Tours Courses Total Current year 2025 Course provider5 Exam and text books 69,931 23,175 69,931 23,175 34,745 161,718 163,089 32,939 161 3,102 36,014 18,215 5,170 Academy costs Competition 2024 Study tour costs Travel expenses Prlnting and stationery Telephone PR & Marketing Website development and maintenance IT costs 34.745 161.718 163.089 32.939 161 876 1.118 12.976 6.563 12,868 6,508 1,847 10.170 5,144 1,460 27 Bank charges Insurances 35 893 901 706 2,500 35,844 10,162 Research costs 12,807 3.630 13 12.915 10,122 2,870 io Residual VAT adjustment Sundry expenses Governance costs (see note 61 Support Costs lsee note 61 3.662 13 27.718 62.042 27.967 62.597 21,914 49,050 77,599 173,689 Total expenditure 291.186 293,699 263,3 848,185 Governan¢e and support ¢05ts 161Page
statement of Cash Flow5 Perlod ended 31 March 2025 Basis of apportionment Support Governance Total Current year 2025 Trustee meetings Salarie5 and other related costs 4,035 169,654 4.035 226,205 56.551 Legal Fees Audit fees 9.584 9,584 6,5(Kl 4,964 6,5CiI 4.964 Accountancy fees TOTAL FUNDS 173,689 77,S99 251,288 Net movement Sn funds 2025 The net movement in funds is stated after ChargIn{crediting)- Fees payable for the audit of the charity's linancial statements 6,500 6,SOO Trustee5 None of the trustees lor any persons connerted with them) received any remuneration or benelits from the charSty during the year Trustees expenses During the year, expenses totallin8 £63512023: ENill were reimbursed to I trustee. Staff costs and emoluments 2025 Total staff Costs were as follows.. Salaries and wages Social security costs Pension cost5 187,481 12,267 23,306 223,054 No employee earned between £60.(KXJ and E69.999. Key management personnel The key personnel of the charity comprise Michael Haslin, Sarah McLoughlin and Mark firth. The total employee benefits of the key management personnel ol the charity were E105.892. io. Staff numbers 2025 171Page
statement of Cash Flow5 Perlod ended 31 March 2025 Number The average number of employees during the year was as follows-. Chiel Executive Management and administration Total ii. Penslon costs The charity operates an auto enrolment defined contribution scheme for all eligible employees in line with current legislation. It is a defined contribution scheme and contributions are charged in the statement of linancial activities as they accrue. The employer's charge for the year for the charity is É23.306. 12. Debtors 2025 Debtors Prepayments 2,027 39,161 41,188 13. Credltor5: amounts falllng due wSthln one year 2025 Creditors Accruals VAT PAYE 2,081 8,000 1,832 3,203 15,116 14. Unrestrlcted funds The unrestrirted funds ol the charity comprise the Unexnded balances of donations which are not subject to specific conditions by donors as lo how they may be used. At 18 FebInC0rn1ng 2024 resourtes Resources expended At 31 March 2025 General funds 1,575,120 1848,1851 726,935 14. Related party transactions 181Page
statement of Cash Flow5 Perlod ended 31 March 2025 During the period the charity received donations of £1.41X),(XK) from The University Caterers Organisation Limited, a company which is considered to a related party due to being the sole member of the TUCO Foundation. During the period wages totallin8 É71.503 were recharged to the charity from The University Caterers Organisation Limited a tompany which is considered to be a related party due to being the sole member of the TUCO Foundation. 15. Analysls of changes In net funds The charity had no material debt durin8 the year. 16. Cash generated from operatlons 2025 Surplus for the period 726,935 Movement5 in workin8 capitsl: Ilncreasel in debtors Increase in creditors 141,1881 15,116 700,863 191Page