Charity rngistration number 1207246 CHARLIE'S PROMISE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 CHARLIE'S PROMISE LEGAL AND ADMINISTRATIVE INFORMATION Trustees M Goodridge LLB MBE T Barue A Pike S Cornell (Appthnled 28 February 20241 (Appointed 28 February 20241 (Appointed 28 February 20241 (Appointed 28 February 20241 Charfly number 1207246 Registered office Ashcombè Court Woolsack Way Godalming England GU71LQ Independent examlner Azets Audit Services Ashcombe Court Woolsa¢k Way Godalming England GU7 1LQ CHARLIE'S PROMISE CONTENTS Page Trust80s report Indep8ndenl examinerf5 report Staternent of financial activities Balance sheet 10 Notes lo the finan¢ial stalements CHARLIE'S PROMISE TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The trustees present their annual rewri and financAal staiements fcy the ￿n(￿j ended 31 December 2024. Introduction Charlie'5 Promise was established in memory of 17-ygar-old Charfl• Cc•ss•r, who fragically lost his lrfe lo knife crime in July 2023. In honour ol a promise by his lather, Marlin, made to Chadie as he loughl lor his life, our charity is d8dicatéd to &dLJcaiing young people on the dangers of knife crime and the devaslaling impact it has on victims. families, and communities. Out of this promise, Charlie's Promise was trxjm. Our vtsion is sirnple yel powerful.. a UK free from knlle ¢rlme. Drawing on real lived experiènce, we share Chadie's story to highlight how one choice can have life4hanging Consequences. Through our presentations, we help young people understand not ju51 the immediate dangers of knife crime, but also the long-lasii'ng destruction il causes for families. frienojs. and entire communities. Our mission is lo educate, raise awareness. and engage ¢ommunitiès so that togèther w& can break the cyde and prevent further lives being lost to knrfe Crime. By equipping young people with the kno¥￿edge, skills. and support lo make positive Cho￿$, we aim to create a safer UK where every young person can thrive. Since registering on 28th February 2024 and launching in April, we have shared Charfie's story through over SO presentations across more than 17 schools and organisations, reaching in excess of 5,000 peOpl￿1n¢1UdIng students, parents, lead)ers, and professionals. As trustees, w8 ar8 immensely proud of what has been athieved in such a Short lime. From schools and safeguarding events lo community gatherings and national conversations. Chadie's Promise has quickly become a reco3nised Vol￿ in knife crime wevenlion. We are deeply gralelul lo all those who havè supported our froumey so far from families, schools, and businesses, lo the rnany individuals who have given Iheir time, energy. and love. Speaal thanks to The Fovd Family Foundat￿n and Trees of the Lockwood Trust for their subslanlial donations to Charfie's Promise. Together, we are bullding Charfie's legacy and driving real change. The financial slalemtsnls havè been prepared in accordance with ihe accounting policies sel out in note 1 to th financial slaltsmenls and comply wth the charitys constitution dated 28 February 2024, the Charities Act 2011 and 'Accounling and Reporting by Charities.. Siatement of Racommended Practice applicaNe lo charities preparing Iheir accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. Objectives and activitios The objects of the CIO are the prevention of knrfe crime and the prolecb.on of people from knife crime, in pa￿CUlar To educale and raise awareness among children, young people and others within the community on the dangers of knife crime and the devaslab.ng impact knife crime has on victims. families, and communities. To engage with schools. parents, and communitses to encourage positive Cthces and prevent violen￿. ro promote the prevention ol crime and serious youth vio￿nCe the provision of support for victims ol knife crime and their families and friends. Main activities during the y8ar Delwering schod and community preseniations sharing Chartie's story. Engaging parenls, teachers, and professionals through tailored sessv)ns. Building partnerships with schools. saleguarding leads. and I￿1 organisat￿n$. Fundraising and Community Awareness and Engagement CHARLIE'S PROMISE TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Public Benefit Statement The trustees have paid due regard lo guidance issued f)y the Charity Commission in deciding what activities the charity should undertake. Gh8rlie's Promise benefits the publi¢ by working diredly wilh young people. families, and communities to prevent knife crime and its devastab'ng Consequences. Achl¢v•mgnl$ and perfom?ance . Reglstratlon & Launch Registered". 28th FÈbnJary 2024 Laun¢hed'. April 2024 Flr$t Pras8ntatlon Dellvered Juty 2024 at a school in Cranleigh, Surrey to 100 YeaT 10 students . Autumn Term Outreach Visited 17 schools and organisations Delivered over 50 presentalions In just one school temi we reached more than 5.000 people151udenls. pa￿nts. teachers, professionals) Education Education has been at the he8rt of Chadie's Promise from the very beginning. By sharing Charfie's story and the reality of knrfe crirne. we have sought lo give young people not jusl informalK)n. bul real-life perspective and understanding. Through school wsits and safeguarding events. we have created safe spaces for young people lo rellecl. ask questions, and recognise Ihe life-changing consequences ol Carr￿ng a knife. Ddivered educational talks across Scho￿$, cX)l￿e$. and youth organisations. Shared Charlie's slory direcuy with young peoplè to highlight the r&al consequences of knife ctime. Supported salegu8rding in¥lialives by wothing aloryside teathers, parents. and youth woTk8rs. Worked with Feadess lo edu¢ate young people on the difference between reporting and 'snilching°, giving them the confidence lo speak up safely and anonynKsusty when they have cor1￿MS. CHARLIE'S PROMISE TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Communlty Engagèm•nt Ov*r the past year. Charlie's Promise has worked tIre￿ssIY to connect with young peop￿e, schools. yovlh groups I organisations, charities, the police, and govemmenl lo raise awareness of the devaslab.ng impa¢t ol knifè crime. Through parent evenings, safeguarding events. and commur)ity ¢ampaigns. we have be¢L)me a recognised voice in knife crime prevention, offering education. SLlPPOrt. and hope. Our ￿)MmItrnent to working collaboratively has brought togèther communities. ¢haribes. and law enlor¢ement, gnsuring thal Chadie's Promis6 continues lo grow as both a local arKI national for￿ for change. Attended confe￿nces. safeguarding evenls, and awareness campaigns to educate service professional5, parents, families and young people. Establish8d Chadie's Promise as a recognised Vol￿ in knife crime prevenb.on both 10¢8lly and nationalW. Delivered our first "Charlie's Games" a free local cofflmunily ev8nt bringing people together to raise awareness of knife crime. Organised or p8rticip¥led in 25 fundral$lng ev8nt$, while over 100 indtviduals and organlsatlons independendy held fundraising activtties in support of Chadie's PronNse. Sel up active soGial media accoLJnts on Facebook and Inslagrarn, growing a strong and engaged following of 201X) followèrs on Facebook and 5000 followers on Instagram. B(Jill strong partnerships with other anli-knife crime charib.es including Thè Ben Klns8lla Trust, Rob Knox Foundation, and Lives Not Knives, sharing the belief that we arg stronger together. Developed titssilive relationships with multiple police for￿ across the south of England. Mel with Dame Diana Johnson, Minister of State for Crime, Policing and Fire. to contribute to the UK Govemmènt's plèdg6 to halve knife crime within the next 10 year5. Fundralsln9 Fundraising has been both a wlal source of sUPPOrt and an in¢redible d8monstration of community spirit. From Ioc81 hallenges and charity events lo the efforts ot schools, businesses, and indNiduals, the generosity shown towards Charlie's Promise has been overwhelming. Every evenl has not only raised essential funds bul also spread awareness of our mission. ensuring that Chadie's legacy continues to inspire change. Raised funds through community-led events. charity challenges. and swnsored act￿lI1e$. Inspired over 100 Indlviduals and organisations lo hold inder)endent fundraising activitiès on our behalf. Partnered with local schoo15, businesses. and sports dubs to raise awareness as well as vital funds. Ensured all fundraising aclivily nol only supported the tharity financially but also spread the message of knife crime prevention. CHARLIE'S PROMISE TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Partner$hrps & Collaboration Wo believe thal lasting change only be ad)ieved by working together. Over Ihe past year, Charlie's Promise has built mèaningful r8lationships wilh other anti-knif8 crime Gharities. the police. governrnenl representatives, and national initiatives such as Fearless. By sharing knowledge, resour¢os, and delem)ination. we are buildlng a united front against knife crime one that amplifies our message and strengthens the national movement lor safer communities. Fomed partnerships with key charities induding Ban Klnsalla Trust, Rob Knox Foundatlon, and Lives Not Knives. Worked closely vlilh police f¢)fces across the south ol England lo raise awareness and share expertise. Engaged wth the UK Govemment through a meeting with Damè Dlan¥ Johnson, Minister of State for Crime, Policing and Fi￿, supporting Ihe national pledge to halve knife uime within the next decade. Promoted Fearless as a trusted, confidential way for youn9 peD￿e lo report knifè carrièrs wilhoul lear. Built strong networks across the charity sector. re￿)gnIsIog thal L¥)lIab￿at1On makes us all stronger. Provlslon of Support for Vl¢tlm$ of Knlf• Crfm¢ and thelr Famlll¢s and Frlend$ Whilst the trustees remain committed to d&livering our objecbve ol prowding support for viclims of knife crime, and their families and friends, we also recognise that this requires careful and sensitive considerabon. We believe that the provision of such support must be facilifated in a way that is appropriate. fair and sustainable. Given the delicate nature of the support required. and the potential complexities surrounding any financial assistance, the trustees consider Il essential lo obtsin spe￿811$1 guidan￿ lo ensure that any future measures are delivered responsibly and effectively before pro¢é8ding wth thè Èstablishmènt of any support programme. The trLJsl8es rèmain fully ¢ommilted to reviewng this area ol work when they consityer Chadie's Promise lo be in a position lo move forward appropriately. Financial rBview In¢om¢ During the year, the charity received totsl income of £240.801. primarity from= Community and fundrdising events Donations from I￿j1vidual$. schools. arKI businesses Expendlture Total expenditure for the year was £72.839, with funds directed l¢)wards- Edu¢81ional programmes Comrnunily engagement inilialives and events Awareness campaigns. resources, and malerials Govemance. administration. and operalional ¢osls CHARLIE'S PROMISE TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Roserves policy The trustees recognise the importan¢e ol maintsining an appropn.ale level ol r￿rveS. As a newly established charity, we feel it is essential lo relain a level ol ￿serveS to provide siability, manage ¢ash flow, and ensure that the harily can meot its ongoing commilménts. Holding rèsetves also providès time and flexibility lo plan and deliver sustainable pr(4rammes. rather than making premature financial commitmenls. The trustees have adopted a cautious approach. aimrng to ensure that the charity is financAally secure and well posilionod to meel both anticipated and unfoieseen demands. We fed this approach reflects responsible financial management at the current stage ol the charity's developmenl. Transparency will remain central in explaining the iea50ns for holding reserves and in demonslraling how funds ar& applied. Whi18 the wrrent level of roseNes may appear high in relation to expendiiure to date. there are two furiher key factors that also explain this position.. Planned R•crultm8nt'. In 2025, we inlend to recnjil staff lo support the increasing scale and our aclivitiès. scope of Securlng Premlses: As part of our strategic development, we are actively exploring options to or lease premises. This may require an initial capilal outlay as well as ongoing running costs. impact future financral commrtsnenls. acquire which will The ITus18es are ￿)mmitted to reviewing Ihe res8rv&s pdicy and •nsuring that r8setvos ar8 not simply accumulated without purpose but are spgnt in line with the charity's objectives. As a young charity, the trustees remain mindful of exercising caution in ￿nan￿al rK)mmitments while building a clear understanding of where resources will achieve the greatest impact. The trustaès consider that. once the charity is more established. unre5tricled fund5 not design8led for a spe¢ific purpose should be mainlained at a level equivalent 10 Six months. expendilure1£60.0001. Stru¢tur&i govemance and management Charlie's Promise is govemed by Ils Constitutlon as a Charrtablè Incorporatèd Organlsatlon ICIO}, registered with the Charity Commission for England and Wales INO. 12072461 on 28th Febnjary 2024. The charity was established lo edu¢ale young péoplè on the dangers ol knife crime and to support safer communilies in memory of Chartle Cos$er ConstStutlon As a Charitable In¢orp¢rat¢d Organisation ICIOI, the charity has a legal personality, allowing il lo enter into ¢ontr8cts and hold assets in its own narne. The CIO stnjcture provides the trustees with a dear legal framework and limits their personal liability, ensuring effective governance and compliance with charity ￿w. The Board of Trustees meets regularly lat least quartedyl to Provide strategic oversight and ensure the charity op¢rales in line wilh its mission, goveming dLKumenl, and legal obligations. Tru$t&• RKrultsnont and Appointment Trustees are appointed in accordance with the charity's Constitution. We strive lo have a Btrard of Trustees that has th& skills, experience and diversity lo ensure our work reaches everyone affected by knife crimts. New Iruslees will be re¢ruited based on the skills. experience. and expertise required to further the charity's mission. Appointments are made by resolution of the existing Board ol Trustees following a Iran5parenl recruilmer)t and selection proctrss and conducted in accordance with Charily Commission gu￿elineS. All trustees receive an induction. ensuring they understand the charity's govwning doctsment. policies, saf¢guarding responsibilities, and regulatory obligations. CHARLIE'S PROMISE TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 The trustees who served during the p8ri0(J and up lo the dale of signature of the financi41 statements were.. M Goodridge LLB MBE T Bartle A Pike S Cornell (Appointed 28 February 20241 IAppointed 28 February 20241 IAptx)inled 28 February 20241 IAppoinled 28 February 20241 Looklng Ahgad: 2025 Prlorltl8S 2025 will be a year of building momentum. expanding our reach. and strengthening the legacy of Chartie's Promlse. Our focus is not only on reaching more young peop￿ bul also on deepening our impact ensuring that every presentation and every conversation helps lo change attitudes and save lives. By working togèthèr with families. schools, charities, and communities, we wll continue lo grow stronger and move doser to our vision ol a future free from knife crime. Our priorities for 2025 include= Rècruitmènt of Staff Building our internal capacity to scale programmes, incre8se ¢xJr reach and ddiv8r our objectives. Securing Premises Establishing a physical base will provide much-needed stabilily and a platforni lo grow services. Expand Rèaeh Deliver presentations in more 5ch¢)ols. ¢olleg8s. and youth organisalKJns across Ihe South of England and beyond. Oevelop Edu¢atlonal Re$our¢•$ Create tailored workshops and SuppO￿.ng materials for different age groups. Provide lollow-up resources for teacher5. parents. and yOLrth workers lo reinlorce key messages. Str8ngth•n Partnerships Collaborate with Schools. safeguarding leads. p(Aice. and local aulhorities to ensure a joined-up approach. Build and strengthen relationships with other charities and organi5ats.ons working in VIO￿nCe p￿ventIOn. Community Engagement Recruit young advisors and ambassadors Increase work with parents and carers Participate in community events and awareness Campaigns lo bwden reach beyond schools. Su$talnable Growth Secure funding lo support delivery and expand capa(ity. Develop our Business Strategy 2025- 2028 Develop a volunteer programme to help share Charlie's story and rewesenl the charity al events. Impact Mèasur&mant Introdu￿ systems lo collect feedback and measure the long-tami impad ol presenlations. Use data lo demonslrale effèctiveness and infomi fulurè dgvèlopmenl. CHARLIE'S PROMISE TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Our Promise to Charlie Everything we do is r￿ted in a ￿ngle promise- a father's vow to his son. Charlie's life was taken loo s(K)n, bul his legacy continues to inspire hope, action. and change. This year has shown us the power of community. the importance of educalion. and the strength that comes fro w0￿1ng together. We have seen young people engage wth honesty and coura98. lamllies stand united in support, and communities rally behind a shared vision= a futurè free ftom knife crirne. As we look lo 2025 and beyond, we remain committed lo keeping ihal promise alive. We wll continu& lo educalg, 10 protect. 8n(J to inspire change ensuring that Chadie's story saves Iwes and helps build safer ¢ommLJniti8s for gener8ts.ons lo come. For Charl1•. For every young Ille. For a saferfuture. Thè trustees report was approved by the Board of Truslees. T Bartle Trustee Dale.. ## **CHARLIE'S PROMISE** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF CHARLIE'S PROMISE** I report to the trustees on my examination of the financial statements of Charlie's Promise (the charity) for the period ended 31 December 2024. ## **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 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 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 financial statements to be reached. Debra Saunders FCA Azets Audit Services Ashcombe Court Woolsack Way Godalming GU7 1LQ England Dated: 29 October 2025 - 8 - CHARLIE'S PROMISE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024 Unrestrlcled funds Notes Income from: Donations and18gacies Charitabl8 activities Other trading activities Investments 159,793 23,630 57,278 100 Total income 240,801 èndlturn on: Raising funds 21,429 Charitable activities 51,410 Totsl expendlture 72,839 Nèt income for the periodl Net movomtrnt In fvnds 167,962 Fund balances al 28 February 2024 Fund balances at 31 December 2024 167,962 The statement of financial activities includgs all gains and losses rgcognised in tha period. All income and expenditure derive from ¢onlinuing activities. ## **CHARLIE'S PROMISE** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**13**
**Current assets**
Stocks
**14**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**16**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**£**
4,286
24,297
146,928
175,511
(8,406)|**£**
857
167,105| |---|---|---| |||167,962| |||167,962| |||167,962| 27/10/25 The financial statements were approved by the Trustees on ......................... .............................. T Bartle **Trustee** - 10 - CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policl•s Charlty Infomialion Charli8's Promise is a Charitable Incorporated Org8nisalion. 1.1 Reporting p•riod The Charity was incorporated on 28 February 2024 and the firsl period of account was lo 31 December 2024. 1.2 Accountlng ¢onvontlon The financial statements have been prepared in accordance with the charity's Igoveming documenll, the Charities Act 2011, FRS 102 'The Fin8n¢ial Reporting Standard applicable in the UK and Republic ol Ireland" {"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charitie5'. Slalernenl of Recommended Practice applicable lo charities preparin9 their accounts in accordance wth the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" leffeclive 1 January 20191- The charity is a Public Benefit Enlily as define(I by FRS 102. The charity has taken advantage of the provisK)ns in the SORP lor charities nol to prepare a Statement of Cash Flows. The financial statements have deparled from the Charities (Accounts and Rewlsl R¢gulations 2008 only Ici the extent required lo provid8 a true and fair view. This departuie has involvèd following the Slalement of Recommended practi￿ for charities ap￿ying FRS 102 rather than the version of the S181tsmenl of Recommènded Practsce which is referred lo in the Regulations bul ¥thich has sinix been withdrawn. The financial statements are prepared in sterling. whi(*) is the functional currency of the charity. Monetary amounts in thesè financial statements are rounded to Ihe nearest £. The financial slalements have been prepared under the hislori¢al cosl convention.The principal accounting policies adopted are set oul below. 1.3 Golng concern At the lime of approving the fjnancial slatemenls. ihe trustees have a reasonable expeclalion that the ¢harity has adequattr resoLJrces to continue in operation81 existènce for the foreseeable future. Thus the IrLJStees continue lo adopt the going concem basis of accounting in prepariThJ the financial slalemenls. 1.4 Charhablè funds Unreslrided funds a￿ available lor use at the discretion of the trustees in furlherance of their charitable objectives. 1.5 Income Income is recognised when the charity is legalty entitled to it after any performance conditions havg beèn met. the amounts can be measured reliably. and il is probable that IncoTr￿ will be received. Cash donations are recognised (x) re¢eipl_ Other donalions are Tecogn1sed On￿ the Charity has been notified of the donatiDn, unless performan¢¢ ¢onditions require deferral of the amount In¢ome tax recoverable in relation lo donations recewed under Grft ￿'d or deeds of covenant is recognised 81 the b.me of the donation. Income from trading activities includes income earned from fundraisirvJ events and trading activities to raisg funds for the charity. Income is received in exchange for supplying goryjs and servictrs in order lo raise lunds and is recognised ¥vhen enlillement has ttcurred. 11 CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 A¢¢ountlng poliel•$ Icontlnuèdl 1.6 Expendlturo All expenditure is accounted for on an accruals basi5 and has been das5rfied under headings that aggregate all costs related to the category. Expenditure is Tecognised where there is a legal or constructive obligation to make paymenfs lo third parties. il Is probable that the selllemenl will be requirsd and thè amounl of the obligation can be measured reliabty. Grants offered which are subject lo perfomiance ￿lated conditions that have not been met at the year end dale are noted as a commitment bul not accrued as expenditure. Costs of r8ising funds includes of fundraising events and production of goc*Js for iesale. Expenditure on charrtable activitses includes delNery of projects induding provision of mental h&alth education and dèvelopment of sofh¥are applicafj'ons. Support costs are those that assist Ihe work of the d)arily but do nol diredy represent charitable activities and include office costs. govemance costs. administrative payroll Costs. They are incurr6d diraclly in support of expenditure on the objects of the Charity and include projecl management. Where support costs cannot be directly allribuled lo particular hèadings they have been allocaled to cost of raising funds and expenditure on charitable actsvities on a basis Consistenl with use of the resoUr￿S. Premise5 other overh$ads have been allocated on the same basis. 1.7 Tangiblt flx¢d a$$•ts Tangible fixed assets are initially measured al (x)st and subsgqugntly measured at cost or valuation, nel of depreciation and any impairmenl105ses. Depre¢iab'on is recognised so as lo vrrite off the wst or valuation of assets less their residual values over their useful lives on the foll(Iwng bases.. Fixtures and fillings Slraight-line basis over 3 years The gain or loss arising on the disposal of an a5sel is detem)ined as the difference between the sale proceeds and Ihe carrying value of the asset, and is recognised in the statement of financial actNities. 1.8 Impairment of fixed assets Al each reporting end date, the charily ￿vIewS Ihe carying amounts of tts tangible assets to d¢temine whether there is any in¢JiGation that those assels have suffered an impairment loss. If any such indi¢ation exists, the recoverable amounl of Ihe asset is estimated in order lo deiomine the exlenl of th6 impairment loss lif any). 1.9 Stocks Stocks are stated at the lower of cost and estimated selling pri￿ less costs to cornplele and sell. Cost comprises direct materials and, where applicable. dirèct labour costs and those overheads that have been incurred in bringing the stocks lo their Present locakn.on and condition. Items held for distribution al no or nominal considerab'on are measured the lower of ￿placement cost and cost. Nel realisable value is the eslimaled selling price ￿$$ all estimated costs of eomplglion and costs lo be incurred in marketing, selling and disthbulion. 1.10 Ca$h and ¢a$h èquivalents Cash and cash equivalents include cash in hand. depostis held at rall with banks, other short-lerm liquid investments with original malunlies of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowngs in cuThent liabilit￿$. 12- CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 A¢¢ountlng pollclès Icontlnuèdl 1.11 FIDan¢lal Instrum¢nts The charity has elected lo apply Ihe provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the tharivs balance sheel when tt)e Charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities 8Te offset. wlh the nel amounts p￿sented in the financial statements, when there is a legally enlorceabla right lo sel off Ihe r8¢ognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and setde the liability simultaneously. Baslc financial assets Basic financial assets. which include deblors and cash and bank balances, are initially measured at Ir8nsa¢lion pri¢è inclLJding transaction costs and are subsequently carried 81 amortised cost using tha &ffoCtive interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is rneasured al the prgsent value of the future receipts discounted al a market ral& of inleresl. Financial assets classified as receivable within one year are r￿1 amortised. 8a$i¢ finan¢lal Ilablllll•s Basi¢ financial liabilities, induding creditors aTe inits.ally recognised at transa¢tK)n price unless the atTangemenl constilules a financing transaction. whère thè debt instrument is measured at the present valu ol the future payments discounted al 8 market rate of interest. Finanoal liabilities cjassified as payable within one year are not amortised. Debt inslrurnents a￿ subsequently carried al amortised cosl. using the effective intere51 rale method. Trdde creditors are obligations lo pay for goods or services that have been a¢qui￿d in the or(linary course ol opef8kn.ons from suppliers. Amounis payable are cjassified as currenl liabilities if paymont is due within one year or less. If not, Ihay are presented as non-currenl liabilth"es. Trarle ¢redilors arè recognised initially at transaction price and subSeqUen￿Y measured at amortised cost using the effective interest method. Derecognition of flnanclal liabilities Financial liabilit￿S are derecognised when the charty's ¢ontrac¢ual obligations expire or are discharged or cancelled. Donation$ and 18gacles Unr•s¢rl¢t•d funds Donali)ns and grfts Corporate donalions 137.793 22.000 13- CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Charitabl• activities Charltablo Incomo School and educational talks Charlig's Games 2,261 21.369 23,630 Other trading a¢tlvFtI¢s Unrestrlcted funds Fundraising trvenls Merchandise sal&s 50,351 6,927 Other trading aclivities 57,278 Investments Unrestri¢t¢d funds Interest receivable Ralslng funds Unrestri¢ted funds Fundraisin and ublicil Fundraising event costs Goverance ¢tssts Support Costs 2.517 900 6,382 Fundraising and publicity 9,799 14- CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Ralslng funds Icontlnugdl Tradin costs Merchandise costs 11,630 21,429 Charltable actlvltles Unr•strlct•d funds Knife ¢rime education Charlie's Games Launch event 25,137 12,253 4,738 42,128 Grant funding of activitses (see note 81 2,000 sha￿ of support costs (see nole 91 Share of governance costs {see note 91 6,382 900 51.410 Grants payable Charitable Exp&ndllur• Grants to individuals 2,000 2.000 Th& grant was paid to the Cosser famity as a contribution towards their Iravel and accommodation costs dvring the murder trial. 15- CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Support ¢o$t$ Support Governance costs costs Total IT software and consumables Postage Depreciation Travel and 5ubsislence Branding and advertising Bank charges Sundry expenses Legal and professional fees Insurance Accountancy 178 178 330 3.875 1.806 1.222 1.317 1.553 135 2.064 330 3,875 1,806 1,222 1,317 1,553 135 2,064 Independent examinalion fees 1,800 1,800 12.764 1,800 14,564 Analysed between Fundraising Charitable ath'vthes 6.382 6,382 900 900 7.282 7,282 12.764 1.800 14,564 Support and govemance costs are allocated equally belween fundraising and charitsbk activities. 10 Trustoos None of the trustees lor any ￿rSOnS connected wlh them) ￿￿1Ved any remuneralw)n OT benefits from the charity during the period. 11 Employee5 Numbèr Total There were no employees during Ihe year. 12 Taxation The tharity is exempl from tax on income and gains falling Within se¢lion 505 of the Taxes Ad 1988 or section 252 of (he Taxation of Chargeable Gains Acl 1992 to the exi$fit that thes8 arè appli8d to ils charilable objects. 16- CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 13 Tangible fixèd a$$•t$ FixturÈ$ and fitting$ Cost Addib'ons 1,187 Al 31 December 2024 1,187 Oepreclatlon Depreciallon charged in the period 330 Al 31 December 2024 330 Carrying amount Al 31 December 2024 857 14 Stock5 Goods for resale 4.286 Stock relales lo charity branded ￿er￿ar￿lse fof resale. 15 Dobtors Amounts falllng due wlthln one year: Prepayments and a¢¢ru8d income 24,297 16 Creditor$: amounts falllng du• wlthln on• y•ar Accruals and deferred income 8.406 17 Analysis of not assèts between funds Unrestricted funds Fund balances al 31 December 2024 are represenled by= Tangible assets Current asselsllliabililies} 857 167,105 167.962 17- CHARLIE'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 18 Related party transactions There were no dis¢losaNe related party transaciions during the perK)d. Duriry the period, M Cosser received £25.137 for delivery of his educational talks and promotion of the ¢hartiable activitiès. A £2,000 grant was paid to the Cosser family as a conlribulion towards travel and a¢comodation costs during the rrburder trial. 18-