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2025-03-31-accounts

Trustees’ Annual Report for the period

From 1[st] April 2024 to 31st March 2025 Full registration date 17[th] May 2024

Charity name: Nine Point Eight Charity

Charity registration number: 1208298

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 As a registered charity, we are committed to
benefitting the public by supporting live
events that advance culture and bring
people from different communities together.
Nine Point Eight will acquire interests in land,
particularly dormant buildings, and make
those spaces available for the advancement
of arts and culture. Our first space,
Drumsheds, exemplifies this mission by
transforming an unconventional space into a
vibrant
cultural
place.
Through
these
spaces, we will provide a dynamic platform
for local artists and ensure that music, art,
and culture are accessible to everyone.
Nine Point Eight has broad charitable
objects that allow the trustees to advance
such charitable purposes as they may
choose to support. The trustees have,
however,
chosen
to
focus
on
the
advancement of arts and culture and their
objectives are to:
1.
use available space to manage and
organise
cultural
activities
that
enrich the socio-economic and
cultural profile of neighbourhoods
for the promotion of arts and
culture;
2.
support existing and emerging talent
from the communities around the
space
through
mentorship,
opportunities to showcase talent in
the space and access to equipment
for the promotion of arts and culture;
3.
provide
space
where
diverse
communities can come together in a
safe space and learn more about
one another and run a programme of
events that attract diverse target
audiences, from young to mature,
from individuals to families for the
promotion of arts and culture. Nine
Point
Eight
explores
new
cultures into the
space,
experimenting with new formats for
diverse audiences and safe spaces
for people to see new music and
culture;
4.
provide access to music, art and
culture to people who otherwise
wouldn't be able to take part
independently; and
5.
donate
and
financially
support
individuals, community groups and
other charities for the advancement
of arts and culture.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 We have used our first year to:
•
set up legal structures;
•
raise funds through ticketed events
and guest list donations;
•
implement and develop the charity’s
strategy; and
•
put in place policies and practises for
example creating our first grant
donation
application
form
for
community events and funding.
More detail on the main activities, projects
and services can be found below in line with
our charitable objectives.
1.Organise cultural activities:
In 2024 – 2025 we have used
Drumsheds to host 50 events. We
have given away free or subsidised
tickets to local people NHS, charity
sector workers and cost of living
payment recipients via Tickets For
Good.
.
2.Existing and emerging talent:
We are in the process of creating a
strategy to do the following:
•
create
mentorship,
opportunities;
•
showcase local and national
emerging of talent;
•
give access to equipment;
•
create
opportunities
for
artists; and
•
give access to events and
artists
that
would
not
normally have access.
3. Provide community space:
We have hosted a programme of
events that attract diverse target
audiences, including young and
mature audiences and families such
as on 19thMay 2024 we hosted the
Distinguished Gentleman's Ride) in
its first London venue. Hundreds of
motorcyclists
and
supporters
gathered in dapper, early 20th-
century-inspired attire. The event,
blending classic motorcycles and
fashion, aimed to raise awareness
and funds for men's mental health
and prostate cancer research in
partnership with Movember.
In addition, on 7thJuly 2024 we
worked with Hackney Flea Market to
host the most eclectic flea and
traders from around the country. The
pop-up event offered an amazing mix
of salvaged, one-of-a–kind objects,
and personal treasures aiming at
bringing
a
diverse
community
together around vintage culture.
4. Provide access:
We have provided opportunities for
people to access music, art and
culture who wouldn’t otherwise take
part independently. For example, on
1stNovember 2024, we worked with
Aurora
Orchestra
a
boundary-
breaking approach, Aurora filled the
space with the magic of Firebird and
Boléro, giving audiences a rare,
immersive encounter with classical
music. Before the public shows, we
welcomed over 600 students from
Enfield and Haringey for a special
schools'
performance
enabling
young people from the local area to
engage with classical music and
musicians and consider careers in
the music industry. This continues
our mission of making art accessible
to all.
5.Donations and financial support:
We are setting up an application form
for people to request donations and
financial support from Nine Point
Eight. We are inviting applications
once a quarter that will be assessed
via the Trustees.
We
have
provided
commercial
spaces
free
of
charge
or
at
subsidised rates to those would not
have the funds to be able to hire such
spaces.
For
example,
include
donating space and services to
Daughters United for a three-day art
expo in Canary Wharf for the
purpose of empowering marginalised
women and girls.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We can confirm all our Trustees have signed
to confirm they have reviewed the guidance
issued by the Charity Commission on Public
Benefit. . The principles from this guidance
are applied when making any decisions and
exercising all powers. Furthermore, all
Charity Staff, volunteers and those on
secondment from other businesses to the
charity are required to read this before
commencing work as part of our onboarding
process.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant
making		 Para 1.38 We are creating a grant donation policy and
application form for community events and funding.
This policy is being drafted to include:
•
eligibility criteria;
•
conditions such as milestones to achieve or
matching funds from other sources;
•
reporting and impact evaluation;
•
time limits;
•
operation during and after the funding
period;
•
safeguarding;
•
compatibility; and
•
non-charity grantees.
Policy on social
investment including
program related
investment		 Para 1.38 We are in the process of creating a social
investment policy.
Contribution made by
volunteers		 Para 1.38 We are in the early stages of writing our volunteer
policy, volunteer application form and starting to
collect volunteer data.
Whilst we in the process of recruiting staff to operate
Nine Point Eight, approximately 20 staff from the
charity's
founder
Broadwick
Group
Limited
(Broadwick) have volunteered their time to support
Nine Point Eight’s ongoing work.

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The main achievements of the charity have
been:
1. We have secured Drumsheds in
Enfield as first space. This has
created a new arts, music and
cultural space in an area of high
depravation and low cultural output.
2. We
have
given
away
and/or
discounted thousands of tickets to
the local community, NHS, charity
sector workers and cost of living
payment recipients including via
Tickets for Good.
3. We
hosted
the
Distinguished
Gentleman’s Ride: providing use of
the premises free of charge for
helping the charity raise awareness
for men’s mental health initiatives but
also fostering a sense of community
and camaraderie among motorcycle
enthusiasts
while
promoting
important health issues.
4. We hosted the Summer Flea:
providing access to the space free of
charge for a casual community-
oriented event.
5. We hosted the Aurora Orchestra:
provided a schools program aimed to
enhance the overall educational
experience for students in culture.
6. We donated space and services to
Daughters United for a three-day art
expo in Canary Wharf for the
purpose
of
empowering
marginalised women and girls.
7. We have hosted a variety of music
shows: providing access for people
who otherwise would not be able to
attend (whether due to a physical,
mental
or
emotional
condition)
through targeted programming, free
tickets,
transportation
support,
chaperones and dedicated staff to
support access and use of the space
and whatever else required to
support the individual’s needs.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 Achieved
our
first
year’s
aims
by
successfully organising a number of events
that advance culture and broadly support
communities and members of the public in
need. .
Performance of fundraising
activities against objectives
set		 Para 1.41 In accordance with objectives for our first
year, fundraising has been achieved with the
following :
•
Hire of the space to third parties and
other event organisers for their
events (Third Party Hirer). This
income pays for the operation of the
premises with any surplus made
from these hires funding Nine Point
Eight’s charitable work. Note that all
costs for security, cleaning, and
utilities such as power, water etc are
recharged to the Third-Party Hirer.
The Third-Party Hirer will also bring
in all their own production and
equipment they require for their
event (including temporary toilets).
•
Guest list tickets for an event which
are normally given away free are
asked to make a guest list donation
to Nine Point Eight.
•
Customers are also given the option
to add a charity donation to their
ticket purchase, again donated to
Nine Point Eight.
Investment performance
against objectives		 Para 1.41 To date we have made no investments. We
are
currently
building
our
reserves.

However, we are in the process of creating a social investment policy.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Our total income was as follows:
•
Venue Rental;
•
Tenant Income;
•
Building Manager Recharge; and
•
Cleaning/Utilities/Waste Recharge.
Income from Charitable Activities
£1,808,345.
We received £47,624 of charitable
donations.
Other income £3,030.
Total income was £1,858,999.
Total costs were £1,682,407.
NET Income was £176,592.
Ongoing income projections indicate that
Nine Point Eight will continue to operate
sustainably.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Maintaining an appropriate level of financial
reserves
is
considered
essential
in
protecting the charity from financial risk
generated by, for example:
•
income reduction due to Government
funding changes, unexpected falls in
bookings or events;
•
cash flow issues due to delays in
receipt of funding;
•
emergencies; and
•
justified, unavoidable expenditure.
In general, it is considered prudent to
maintain a level of usable reserves sufficient
to cover unexpected and unplanned events
so that the Trustee’s primary objective is
preserved as per our reserves policy.
Amount of reserves held Para 1.22 The unrestricted reserves in the bank as at
31 March 2025 is £2,133.51.
Reasons for holding zero
reserves		 Para 1.22 As per reserves policy.
Details of fund materially in
deficit		 Para 1.24 There are no funds materially in deficit.
Explanation of any
uncertainties about the
charity continuing as a
going concern		 Para 1.23 We have no concerns or uncertainties about
the charity continuing as a going concern.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Our principal source of funding is:
•
the initial donation from Broadwick;
•
hire of the space to Third Party Hirers
for their events. This income pays for
the operating costs of the premises
with any surplus made from these
hires funding Nine Point Eight’s
charitable work;
•
guest list donations;
•
customers are also given the option
to add a charity donation to their
ticket purchase. Again, the Third
Party Hirer’s ticket agent donates
this Third Party Hirer’s ticket agent to
Nine Point Eight; and
•
future fundraising with the intention
of using the following routes:
osponsorship;
ogrants, trusts;
ofoundations; and
oindividual giving.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 See above.
A description of the principal
risks facing the charity		 Para 1.46 The principal risks facing the charity (as
identified on our risks register) are:
•
creation
and
successful
implementation of our Fundraising
Strategy to ensure income streams
are maintained;
•
creation,
implementation
and
recruitment of volunteers;
•
the local community using the space;
•
our
donations
to
individuals,
charities, and local groups reach the
people and communities that we
want to reach; and
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Our principal source of funding is:
•
the initial donation from Broadwick;
•
hire of the space to Third Party Hirers
for their events. This income pays for
the operating costs of the premises
with any surplus made from these
hires funding Nine Point Eight’s
charitable work;
•
guest list donations;
•
customers are also given the option
to add a charity donation to their
ticket purchase. Again, the Third
Party Hirer’s ticket agent donates
this Third Party Hirer’s ticket agent to
Nine Point Eight; and
•
future fundraising with the intention
of using the following routes:
osponsorship;
ogrants, trusts;
ofoundations; and
oindividual giving.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 See above.
A description of the principal
risks facing the charity		 Para 1.46 The principal risks facing the charity (as
identified on our risks register) are:
•
creation
and
successful
implementation of our Fundraising
Strategy to ensure income streams
are maintained;
•
creation,
implementation
and
recruitment of volunteers;
•
the local community using the space;
•
our
donations
to
individuals,
charities, and local groups reach the
people and communities that we
want to reach; and

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25		 We are governed by Articles of Association.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 We are a Charitable Company.
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 We currently have 6 Trustees each have
been selected for their unique industry skills.
Our Trustee selection was based on:
•
Values: our Trustees demonstrate
honesty, integrity, and a commitment
to the charity's values.
•
Skills and experience: they have the
skills and experience to help the
charity run effectively, including
legal, financial, and management
skills. They also have interpersonal
and communication skills.
•
Understanding of the community: all
our Trustees have knowledge of the
community they serve.
•
Impartiality:
our
Trustees
have
demonstrated that they can act in the
best interests of the beneficiaries,
not their own interests and their
ability to work together.
•
Trustworthiness: all our Trustees
have demonstrated trust worthiness
to enable us to manage our assets.
All our Trustees have no legal or other
reasons why they cannot be appointed.
When recruiting new Trustees, we will:
•
perform a trustees skills audit;
•
have an open application process;
•
interview new Trustees;
•
enable potential trustees to come to
the Trustees meeting to meet other
Trustees;
• ensure new trustees are eligible to
act;
• make sure new trustees do not have
serious conflicts of interest; and
• help new trustees understand their
responsibilities and the charity's
work via an induction process.
Trustee roles: when assigning Trustee roles,
we will assess the skills of each person and
then perform a vote.
Additional information (optional) Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures Para 1.51 We have created a Trustee handbook and
adopted for the induction induction process.
and training of trustees
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 We have created a Trustee handbook and
induction process.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 We are in the process of recruiting a project
manager. This position is currently being
fulfilled by Night Time Economy Solutions
Limited and staff from Broadwick who are
volunteering and will continue to volunteer
their time.
Relationship with any
related parties		 Para 1.51 Broadwick will donate funds, property
interests, and back-office support (e.g. staff
time).
Broadwick as the founder of the charity will
have connections to the charity. For
instance, the founder is the sole member of
the charity, and several employees of the
founder are Trustees. However, it will
receive no personal benefit from the
arrangement and indeed is providing
donations to the charity (funds, land, and
staff time) at a significant cost to the
business.
Broadwick is a for-profit business that owns
and operates a number of venues and has
significant internal knowledge on identifying,
acquiring and managing properties - the
charity has access this knowledge and a
number of volunteers. Broadwick will be
gifting a number of dates at these spaces to
Nine Point Eight for its charitable work.
All such arrangements will be on an arm's
length basis in the best interests of the
charity
and
will
be
appropriately
documented. The charity will manage any
conflicts in accordance with its Conflicts of
Interest Policy.

Reference and Administrative details

Charity name Nine Point Eight
Other name the charity uses N/A
Registered charity number 1208298
Charity’s principal address NINE POINT EIGHT
ACRE HOUSE
11-15 WILLIAM ROAD
LONDON
NW1 3ER

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Simon John Tracey Chair 6 June 2023 - current As agreed by the Trustees.
Bradley Jay
Thompson		 Trustee 6 June 2023 - current
James William
Henderson		 Trustee 29 September 2023 -
current
Simeon Aldred Trustee 6 June 2023 - current
Rowan Hajaj Trustee 6 June 2023 – 14
February2025
Michael
Christopher Kill		 Trustee 12 October 2023 -
current
Joanne Frances
Cox-Brown		 Trustee 29 September 2023 –
current

– Corporate trustees names of the directors at the date the report was approved

Director name Simon John Tracey Bradley Jay Thompson James William Henderson Simeon Aldred Michael Christopher Kill Joanne Frances Cox-Brown

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Legal Nilam Smith BROADWICK, 30 WATER STREET, CANARY WHARF
E14 5GX
Accountant Rebecca
Longbottom		 BROADWICK, 30 WATER STREET, CANARY WHARF
E14 5GX

Name of chief executive or names of senior staff members (Optional information)

N/A

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Simon Tracey Position (eg Secretary, Trustee Chair, etc) Date 06/02/2026

Chavityrewstvatitin nuM￿r 1208298 (England and Walesl Conwany reelstratlom number 14917230 NINE POINT EIGHT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NINE POINT EIGHT LEGAL AND ADMINI￿RATIVE INFORMATION Trustees SAldred J F Cox-Brown J W Henderson MCKill BJ Thomp50n SJ Tracey Seuaary M SmSth Charlty number 1208298 Company number 14917230 e8ls¢ered offl¢• Acre House 11-15 William Road London NWI 3ER United Kingdom Audltor HW Fisher A￿lE Acre House 11-15 Willlam Road London NWI 3ER United Kingdom

NINE POINT EIGHT CONTENTS Trustees. report Statement of Trustees, responsibilths Independent auditor'5 report 8-10 statement of financlal èctlvittes li 8alance sheet 12 Statsment of cash flows 13 Note5 to the linan¢ièl 5tatemehts 14-24

NINE POINT EIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)".

Objectives and activities

As a registered charity, we are committed to benefitting the public by supporting live events that advance culture and bring people from different communities together. Nine Point Eight will acquire interests in land, particularly dormant buildings, and make those spaces available for the advancement of arts and culture. Our first space, Drumsheds, exemplifies this mission by transforming an unconventional space into a vibrant cultural place. Through these spaces, we will provide a dynamic platform for local artists and ensure that music, art, and culture are accessible to everyone.

Nine Point Eight has broad charitable objects that allow the trustees to advance such charitable purposes as they may choose to support. The trustees have, however, chosen to focus on the advancement of arts and culture and their objectives are to:

1. Use available space to manage and organise cultural activities that enrich the socio-economic and cultural profile of neighbourhoods for the promotion of arts and culture;

2. Support existing and emerging talent from the communities around the space through mentorship, opportunities to showcase talent in the space and access to equipment for the promotion of arts and culture;

3. Provide space where diverse communities can come together in a safe space and learn more about one another and run a programme of events that attract diverse target audiences, from young to mature, from individuals to families for the promotion of arts and culture. Nine Point Eight explores new cultures into the space, experimenting with new formats for diverse audiences and safe spaces for people to see new music and culture;

4. Provide access to music, art and culture to people who otherwise wouldn't be able to take part independently; and

5. Donate and financially support individuals, community groups and other charities for the advancement of arts and culture.

The Trustees have paid due regard to the guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake.

We have used our first year as a charity to:

Achievements and performance

  1. Organise cultural activities :

In 2024 2025 we have used Drumsheds to host 50 events. We have given away free or subsidised tickets to local people NHS, charity sector workers and cost of living payment recipients via Tickets For Good.

  1. Existing and emerging talent :

  2. 1 -

NINE POINT EIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We are in the process of creating a strategy to do the following:

3. Provide community space :

We have hosted a programme of events that attract diverse target audiences, including young and mature audiences and families such as on 19th May 2024 we hosted the Distinguished Gentleman's Ride in its first London venue. Hundreds of motorcyclists and supporters gathered in dapper, early 20th-century-inspired attire. The event, blending classic motorcycles and fashion, aimed to raise awareness and funds for men's mental health and prostate cancer research in partnership with Movember.

In addition, on 7th July 2024 we worked with Hackney Flea Market to host the most eclectic flea and traders from around the country. The pop-up event offered an amazing mix of salvaged, one-of-a kind objects, and personal treasures aiming at bringing a diverse community together around vintage culture.

4. Provide access :

For example, on 1st November 2024, we worked with Aurora Orchestra a boundary-breaking approach, Aurora filled the space with the magic of Firebird and Boléro, giving audiences a rare, immersive encounter with classical music. Before the public shows, we welcomed over 600 students from Enfield and Haringey for a special schools' performance enabling young people from the local area to engage with classical music and musicians and consider careers in the music industry. This continues our mission of making art accessible to all.

5. Donations and financial support :

We are setting up an application form for people to request donations and financial support from Nine Point Eight. We are inviting applications once a quarter that will be assessed via the Trustees.

We have provided commercial spaces free of charge or at subsidised rates to those who would not have the funds to be able to hire such spaces. For example, donating space and services to Daughters United for a three-day art expo in Canary Wharf for the purpose of empowering marginalised women and girls.

We can confirm all our Trustees have signed to confirm they have reviewed the guidance issued by the Charity Commission on Public Benefit. The principles from this guidance are applied when making any decisions and exercising all powers. Furthermore, all Charity Staff, volunteers and those on secondment from other businesses to the charity are required to read this before commencing work as part of our onboarding process.

We are creating a grant donation policy and application form for community events and funding.

This policy is being drafted to include:

NINE POINT EIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

We are in the process of creating a social investment policy.

We are in the early stages of writing our volunteer policy, volunteer application form and starting to collect volunteer data.

Whilst we in the process of recruiting staff to operate Nine Point Eight, approximately 20 staff from the charity's founder Broadwick Group Limited ( Broadwick

The main achievements of the charity have been:

  1. We have secured Drumsheds in Enfield as first space. This has created a new arts, music and cultural space in an area of high depravation and low cultural output.

  2. We have given away and/or discounted thousands of tickets to the local community, NHS, charity sector workers and cost of living payment recipients including via Tickets for Good.

  3. enthusiasts while promoting important health issues.

  4. We hosted the Summer Flea: providing access to the space free of charge for a casual community-oriented event.

  5. We hosted the Aurora Orchestra: provided a schools program aimed to enhance the overall educational experience for students in culture.

  6. We donated space and services to Daughters United for a three-day art expo in Canary Wharf for the purpose of empowering marginalised women and girls.

  7. We have hosted a variety of music shows: providing access for people who otherwise would not be able to attend (whether due to a physical, mental or emotional condition) through targeted programming, free tickets, transportation support, chaperones and dedicated staff to support access and use of the space

ties and

members of the public in need.

In accordance with objectives for our first year, fundraising has been achieved with the following:

To date we have made no investments. We are currently building our reserves. However, we are in the process of creating a social investment policy.

NINE POINT EIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Our total income was as follows:

Income from Charitable Activities: £1,808,345 (2024: £1,264,966).

We received £47,624 (2024: £242,548) of charitable donations.

Total income was £1,858,999 (2024: £1,507,514).

Total costs were £1,682,407 (£1,359,207).

Net Income was £176,592 (£148,307).

Ongoing income projections indicate that Nine Point Eight will continue to operate sustainably.

Maintaining an appropriate level of financial reserves is considered essential in protecting the charity from financial risk generated by, for example:

In general, it is considered prudent to maintain a level of usable reserves sufficient to cover unexpected and unplanned events so that the

The unrestricted reserves in the bank as at 31 March 2025 is £2,133.51.

There are no funds materially in deficit.

We have no concerns or uncertainties about the charity continuing as a going concern.

Our principal source of funding is:

agent

future fundraising with the intention of using the following routes:
o sponsorship;
o grants, trusts;
o foundations; and
o individual giving.

NINE POINT EIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

The principal risks facing the charity (as identified on our risk register) are:

Structure, governance and management

The Charity is a private company limited by guarantee, (incorporated on 6 June 2023) under the Companies Act 2006 with a registration number 14917230. It is also Registered with the Charity Commission 1208298 as of 17 May 2024. The Charity is governed by its Board of Trustees and its Articles of Association. The Trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:

S M Aldred

J F Cox-Brown J W Henderson M C Kill B J Thompson S J Tracey

We currently have 6 Trustees, each have been selected for their unique industry skills. Our Trustee selection was based on:

All our Trustees have no legal or other reasons why they cannot be appointed.

When recruiting new Trustees, we will:

perform a trustees skills audit;

Trustee roles: when assigning Trustee roles, we will assess the skills of each person and then perform a vote.

We have created a Trustee handbook and induction process.

We are in the process of recruiting a project manager. This position is currently being fulfilled by Night Time Economy Solutions Limited (of which J F Cox-Brown is a Director and Shareholder) and staff from Broadwick who are volunteering and will continue to volunteer their time.

NINE POINT EIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Broadwick will donate funds, property interests, and back-office support (e.g. staff time).

Broadwick as the founder of the charity will have connections to the charity. For instance, the founder is the sole member of the charity, and several employees of the founder are Trustees. However, it will receive no personal benefit from the arrangement and indeed is providing donations to the charity (funds, land, and staff time) at a significant cost to the business.

Broadwick is a for-profit business that owns and operates a number of venues and has significant internal knowledge on identifying, acquiring and managing properties - the charity has access to this knowledge and a number of volunteers. Broadwick will be gifting a number of dates at these spaces to Nine Point Eight for its charitable work.

Broadwick will also have access to some buildings which it will allow the charity to occupy, thereby allowing the charity to provide those spaces for charitable purposes.

All such arrangements will be on an arm's length basis in the best interests of the charity and will be appropriately documented. The charity will manage any conflicts in accordance with its Conflicts of Interest Policy .

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report was approved by the Board of Trustees.

S J Tracey

Trustee

Dated:

NINE POINT EIGHT ATEMENT OF TRU￿EE5. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH2025 The Trustees. who are a150 the director5 of Nine Point Eight for the purpose of company law, are responsible for preparin8 the Trustees, Report and the financial Statements in ac¢￿ance ￿th appliG4ble law and United Kingdom kcounting St3ndards (United Kingdorn Generally Accepted Accountin8 Practice). Company law re4uirÈs thÈ TrustÈÈs to prÈpèrÈ flnancial ststements for Èach financial year whith 8ive b true and falr view of the state of affairs of the Charity and of the intoming resour£es and applica￿On of resourw. indudin8 the income and expenditure, of the charitsble companyfor th year. In preparSng these financial statements, theTrustees are required to". select Sultable accounting policies and then apply them consistently. observe the methods and principles in the CharitiesSORP- make judgements and estimates that are reasonable and prudent.- - State whether applicable UK Accounting Standards have been followed. sufyect to any material departures disclosed and ex￿aIned in the financial 5tatement5' and prep3re the financial ststements on the 80in8 concern basis unles5 It is inappropriate to pre5Un that the Charity will Con￿nUe in operation. The Tru5tee5 are responsible for keepin8 adequate aro)untin8 rerwds that di5d05e with reasonable accuracy at any time the lin3ncial position ol the Ch4rity ond enable them to ensure that the financiol 5tatement5 comply wilh the Companies Act 2006. They are also responsible fr)r 5aleguardin8the a55et50f the Charityond hence for takins reo50nable 5tep$ lor the prevention 3nd detection of fraud and other irregularities.

NINE POINT EIGHT INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS OF NINE POINT EIGHT Oplnlon We have audited the financial statements of Nine Point EiEht Ithe'charitrfl for the year ended 31 March 2025 which comprise the statement of financial actiMDes. the balance sheet. the statement of cash flows and notes ro the thancial statements, Including significant accounrng policies The financial reporring framework that has been applied in their p￿paranon Is applicable law and United Kingdom Accounting Standards. including Financial Reporring srandard 102 The FJMonoolRepoKDno Stondord opplicoble the UKond Republic of IrelJnd (United ￿ngdoM Generally Accepted Accounting Practi￿1. In our opinion, the financial ststernents.. Éive a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of Its Incomlng resources and pplication of resources. Including its Income and expenditure. lor the yeac then ended., hbve been property prepared in accordance with United Kingdom Generally Aciepted Ac£ountin8 Pra¢tio.' ond have been prepared in accordance with the fequirementsof thecompanies Act 21￿. ea￿S for oplnlon We conducted our audlt In accordance wlth International stsndaids on Audi￿￿$ IUKI 11&4s IUKII and appllcable law. Our responsibllifjes under those stsndards are further Jescribed in the Auditors rewnsibilileslor the oudir ol thefinortciol stiements secfjon of our report. We are Independent ef the Charily In accordance with the ethical requirements that are relevani toour aJdit of the h-n8ncSal statemenis In the UK, includin8 the FRC'S Ethical standard. and we have fulfilled our other ethical responsibilifjes In accordance with these requlrements. We believe th the audit ewdence we hawe obtsined 15 5uffi"cierrt and approprlate to provlde a basis for our opinion. Concluslon5 rela￿￿&to8￿n1 wicern In audifjn8 the flnancièl statements, we concluded that the Trustees. use of the Wn8 cot)cern ba￿S of aCcoun￿ng In the prepiratton of the financial statements is appropriate. Based en the work we hève performed, we hève not Identffied any matsrial uncertalnfjes rela￿n6 to events or condlfjons that, individually er collethvely, may cast s18nrfkant doubt on the ChariVs ahlity to Con￿nUe as a ￿Ing concern for a perfod of at least twelve months frem when the fi.nancial ststements ale authorised for issue. Our responslblllttes and the responslbSllttes of the Trustees wlth respect to 8oln6 concern are de5crlbed In the rel￿ant secdons of Other Informadon The other infermafjon Cemprises the informatson included in the annual report other than the financial statements ènd our auditor's report thereon. The Trustses are responsible for the other information contained within the annual report. Our opinion on the financlal statements does net cever the other Infomiation and. except to the extent otherwise emplicitly stèted In our report, we do not express èny form of assurance conclusion thereon. Our responsibility is to read the other Inforwtion ènd. In doing so, conslder whether the other Informanon Is materially inconsistent wilh the financial statements or our knowledge obtèined In the course of the udlt, or otherwise appears to be materiall¥ misstated. 11 we identyfy such material Inconsistencies er apparent material misstaternents. we are required ro ddermine whether rhis gNes rise to a material misstatement in financial ststements themselves. If. based on the work we have Ferformed. we condude that there is a material misststement of this other inform3thon, we are required to report rhat fact. We have nothing to report in this regard. Oplnlon5 on other matters presulbed bythe CompanlesAtt 2(K16 In our opinion, based on the work undertaken in the course of our audit.. the information 8iven in the Tru5tee5' report for the financial ￿ar fDr which the financial 5tatetnent5 are prepared, which include5 the director5, report prepared for the purp05e50f company law. 15 (onsi5tent with the linancial 5tatement5', ènd the director5. report induded within theTrustees' report has been prepared in accordance with applicable legal requirements.

NINE POINT EIGHT INDEPENOENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NINE POINT EIGHT Matters on which we are requiredto repwt by excepti In the IIEht of the knowledge and understandinE of the Charity and its environment obtained in thecourse of the audit. we have not identih.ed material misstatements in the directors. rewrt included within theTrustees' report. We have nothing to report in respect ol the following matters in relation to which the Companies kt 2(K)6 requires us to report to you If, in our opinion.. adequate accounfjng records have not been kepL er returns adequèts for our a￿JIt ha¥e not been received from brènches not vSsited by us,. er the financial statements are not ITh 38reementwith the accounting recordsand returns: or certain disclosures of trustees. remuneration specified by laware not made: or we have not received all the inforrnation explanation5we require for our audit., or the Trustee5 were not enDtled ro prepare the financial sratements In accordance wth the small companies regime and take athantage of the small companies. exemptions in preparing the Trustees, report and from the requirenEnt to prepare a strategic report. espon$lbllltle$of Tryst• As explained more fully In the statement of Trustees, responsi￿"1t11e5, the Trustees. who are also the dir￿lor5 of the Charlty for the purpose of company law, are responslble for the preparaDon of the thancial statements and for bein8 satisfied that they 8lve a true and fair view, and fer such internal centrol as the Trustees determine is ne￿$sary to enable the preparabon of financial ststements that are free from material misstatemeTht. whether due to fraud or error. In preparing the financial ststements, the Tru5tee5 are re5pon5ible for a95e5sin8 the Charity's ability to contr-nue as a going cOn￿rTh, di5cloyn& as applicable, matters related to going concern and u5in8 the Koin8 concern basis of accounting unless the Trustees either intend to liquidate the charitsble company or to cease operattons, or have no realistic alternatwe but to do so. Audltor's re5ponslbllltle$for the aydbt of 1heffir￿n(bll ststements Our obiecDves are re obtain reasonable assuiance about whether ihe financial statements as a whole are free from matsrSal mSsstatement. whether due te traud or error. and ro issue an auditor's report that indudes our oplrion. Reasonable assurance is a high level of assurance but Is not a guarantee that an audit conducted in acctydance with I￿5 IUKI will alwtys detect a material mSsst3tement when It exists. Misstatements can arise from fraud or error and are considered material if, IndI￿d￿allY or In the EEregate, they could reasonably be expected to infiuence economic decisiot)s of users uken on the basis of these h"nincial statements. The extent to whlch our procedure5 are capable of detethnB irre8ularitie5, includin8 fraud. 15 detailed below. A5 part of our plannin8 pr(Ke$5'. We enquired of rnanagement the systems •fid Contr￿5 the ¢harity has ih pla¢e, the areas of the hnan¢ial ststements that are most SU5ceptible to the risk of irregularities and frèud, and whether there was any known, suspeLted or alleged fraud. The charity did riot inform us of any known, suspected or alle8ed frèud. We obtained an urider5tèndin8 of the le8al ènd re8ulatory framework5 3pplitablè to the charity. WÈ dètèrmined that thÈ followingwÈre m05t relevant.. the Charity SORP, FKS 102, char￿e5 Act 2011, Compbnies A£t 2rKJ6 and the LicÈn5in8 Act 2(￿3. We considered the incentives and opportunities that exist in the charity, includin8 the extent of m2na8ement bias. which present a potential for irregularittes and fraud to be perpetuated. and tsilored eur risk assessment èccordin81y. Usin8 our knowledge of the charity, together wTth the dixussions held wTth the chèrity at the planning sts8e, we formed a cenclusion on the risk of misststement to irregularittes includin8 fraud and tailored our precethres according to thls rlsk assessment. The key procedure5 we undenook to detect irregulariDes including fraud during ihe course of the3udit included. Identifyingand te5tingioJrnal entrie5and the overall accounDng records. in parricular rhose rhat were signilicant and unusual. Reviewingthe linancial statement di%losures and derermining whether accounting policies have been appropriately applied. Verifying of bank balances to third party confirmations. Testing key income lines for evidentr ol management bia A55e55ing the extent of compliance, or lack of. with the relevant law5 and regulations particularly with regard to the Charity holding a sufficient Premises ￿CencefOr the Drumshed5venue. A55e55ingthe validity of the cla55ffi(3tion of income, expenditure. assets and liabil￿e5 of unrestricted funds. Doiumenting and verifw'ng all signtlicant related party balance5 and transactions. Reviewingdocurnentation such as thechartty board minutes,fDrdiscu55ion50f irregularities inclulingfraud.

NINE POINT EIGHT INDEPENOENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NINE POINT EIGHT Owing to the inherent limitation5 of an audit. there is an vnavoidable risk that we may not have iÈterted some material isstaternents in the financial statements even though we have properly planned and performed Dur audit in accordance with audthng stand3rd5. The prirnary responsibility for the pfevention and deteition of irre8ularthes and fraud rests with Tru5tee5 of the charity. A further descriplon of our responsibilit6Ès 1$ availab￿ on the Financial Reportlng Council's We￿te at.. httPS../lwww.frc.or8.uV aUd￿or$￿e$ponSIb]l11es. Thls description forms part of tyjr audito¢s report. Use of our report This report Is made solely to the charitsble company's members. asa body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we miBht stale to the charitsble company's memters those matters we are required to stste to them in an auditor's report and for no other purpose_ To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitsble company and the chantswe company's memb￿$ a5 a body, for our audit work, for thi5 report. orfor the opinions we havelorrned. r? Oarshn• Ch￿dh￿ry (Stfilor Statutory AutNtorl For and on behalf of HW Fisher Audit. Starutory Auditor Chartered Accountènis Acre House 11-IS William Road London NWI 3ER United Kin8dom Date,, .. 06.F6b,2Q26 10-

NINE POINT EIGHT ATEMENT OF FINANCIAL A￿1VITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH2025 Unre5tricled funds 2025 Unre5tritted fvnds 2024 as restated Income and endowmeffts from: Donations and legacie5 Charitable activities Other intome 47,624 1,808.345 3,030 242,548 1.264.966 Total Intome 1,858,999 1,507,514 Expendlture on.. Charitable ac￿¥￿￿e$ 1,682,407 1,359.297 Total expendiiure 1,682,407 1,359,207 Net Incomeand mo¥ment In funds 176,592 148,307 Re¢￿(l11a11QTr ol funds.. Fund ballntes at l April 2024 As erlginally reported Prior year adjustment A5 restated 193,307 I45,￿DI 148,307 Fund bal4n¢¢$•t 31 Marth 2025 324,899 148,307 The Statement of financial activitles indudes all gains and h)sses reco8nised in the bar. All Income and expendlture derlve from Con￿n￿l￿ga￿vItieS, 11

NINE POINT EIGHT BALANCE SHE ASAT31 MARCH 2025 2025 2024 as re$￿ed Note5 Current assets Debtor5 Cash ai bank and In hand 2.247.214 2.134 1,585,312 2.249.348 11.924.449> 1.588.652 11,440,345) Credltors.. mourbtshlllfigdue wlthlfi thit yer io Netttsrrent assets 324,899 148,307 The lunds olthe Charlty Unre5trlcted funds 12 324.899 148,307 324.899 148,307 06 Feb 2026 The financlal statements were èppro¥ed by theTrusteeson......................... S l Tfacev Trustee Company registra￿On number 14917230IEnWand and Wales) 12-

NINE POINT EIGHT ATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2025 2025 2024 Notes Cash flows from operatln8 aCtl¥llle5 Cash (absorbed by118eneratÈd from owratlons 17 11.2061 3,340 Nettash generated Irom In%*siiniact6vltfjes Netcash ienerated from fI￿n(ln£3¢1mtleS Net Ideueaselllncrease In (ash and cash eW¥ilents 11.2061 Cash 3nd cash equivalents 3t beBinning of year C•sh •nd rash ¢qulvalent¥ •¢ end ot￿r 2.134 3.340 13-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED 31 MARCH2025 Ac¢ountin8 poll¢ies Charity irTrlormatioTr Nine Point Eighr Is a private CoM￿nY limited by guarentee incorporated in England and Wales. The regIs￿red offi.ce 15 Acre House, 11-15 William Road. Lon(k*n NWI 3ER. 1.1 Accountin8 Convention The financlal statements have been prepared Sn accordan￿ with the Charlty's Memorandum of Articles dated 6 June 2023, the Companles Act 2W6 and Accounting and Reptyffing by ChariDes.' Statement of Recommended Practice. applicable to charines preparing their accounts in accordance with the Financial ReporDnÉ standard applicable in the UK and Republic of Ireland IFRS 1021 leffecti¥e l January 20191.. The Charity isa Public Benefit Entiry as dehned by FRS 102. The financial statement5 are prepared in 5teTlin& which is the hjnctional currency of the Charity. Monetsry amounts in these linancial statements ère rounded to the nearest £. The comparative figures are for the period from incorporation, 6 June 2023 to 31 March 2024 therebre the comparative arnounts presented in thefinancièl ststement5 linclvdin8the related note51 are not enti￿ty comparable with the current yeor. At the time of 3pprovin8 the financial 5tarement5. the Trustees have a re350nable expectatron that the Charrf(y has adequate resources to continue in operatiorlal existence for the foreseeable future. Thus the Tru5tee5 centinue to adopt the 8oing concern basis of accountin8in preparinB the financial ststements. U￿rnatelY. the entity will be supportetl by Venue lab Limited. a lellow group company. who h¥ve issued 3 letter of 5UPPOrt to ¢over any financi•l shortlalls lor at le•st 12 monthsfrom the signin8 date ol the bolance sheet. 1.3 ChDrltable fund5 Unrestricted fundsare avallable for useatthe discretkn of the Trustees in lurtheranceof their charitable objethes. 1.4 Income Income Is reco8nSse(I when the Charity is le8all¥ entStled to tt after any Ferformance condifjons hawe ￿en met, the amounts can be measured reliably, and it is probable that income will be recei¥ed. Cash donafjons are rern8nised on receipt. Other dona￿0￿$ are re(08nised once the Charity has been nottfied ef the donafjon, unless perfermance condittons require deferral of the amount. Income recoverable in relafjon to donations re￿Ived under Glft Aid or deeds of covenant is reco8nised at the tsme of the donation. Legaties are reco8ni5ed on receipt or otherwise if the Charity has bpen notified of an imppndin8 dstribution, thè amount 15 known. and receipt 15 expettÈd. If thÈ amount 15 not known. the Iwcyi5tre3ted as a contingent 3&set. Income from charitable activities include5 venue hiTe lee5 and recharges for a550C13ted costs, as well a5 profit sha￿ frorn corporate events. Income is recognised when eventstake place and perfoTfflanceobli8ations are met. 1.5 Expendlture Expenditure is re£¢8nised on an accruals basis, Èxdusweof valueadded tax. Expenditure relatin8to charitable aEtIV￿esare those elements of expenditure difectly incufred in performin8the5e achvities. Support costs3re allocated based on the proportion of direct costs allocated to each athty. Governance costs comprise all costs involving the publ￿ accountsbility of the charity and its compliantr with regulatron and Eood practice. 14-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Accountins policie5 Icontinuedl Flnanclal Instrumerfs ThÈ Charity has elerted to apply thÈ provisions of Setiitin 11 'Ba￿ Finamal Instruments, and Soction 12 '0ther Financial Instruments Issues. of FRS 102 to all of itsflnancièl instrument& FSnèn£ial instruments ère recognlsed the Charfty's balance sheet when the Charity becomes party to the contrattual previsions of the instrument. Financial assets and liabilitres are offset. with the net amounts presented in the fiTrancial ststements. when there is a legally enforceable right to set off the recognised amountsand there is an intentbjn to settle on a net basis or to realise the asset and settle the liability 51multaneol￿. Basic linancial assets. whlch Include debtors ènd cash at)d bank balances. are Inlfjally meèsured a transèthon pri￿ includlng transacnon cests and are subsequently caiiied at amorrised cost using the effective Interest method unless the arrangement consntutes a financin8 transaction. wheie the transaction is measured at the present value of the future re￿iptS dlscounted at a marker rate of Interest. Flnancial assets classified as receivable wthin one sar are not amortlsed. Bèsic flnanci31 liabilifjes. including treditors are inittally recognised at trafisactson price unless the arran8ement constttutes a financing transacfjon, wheie the debt instrument is measuied at the present value of the future rsyments discounted èt market rate of interest. Financial liabill￿eS classified as payable within one year are not amorttsed. Debt Instruments ère subsequentlycarrled at amortlsed cost. ihe effectlve it)terest rate method. Trade credlters are obli8ations to pa¥ for 8oods or seNces that hawe been acqulred In the ordln¥y course of operattons from suppliers. Amounts payable are classified as current liablits if payment Is due within one year ty less. If not. they are presented as non-current Iiabilitses. Trade creditors are reco8nised ininally ar tr3n5acMn Pri￿ and Subsequent￿ measured at arnortysed cost U51n8the effectrve interest method. Dertcvgnltlon oJflft4m¢lolllublllNes Finèncial li3bilittes are dÈreco8nised whenihe Charitysconiractual obliBatlons expre or are discharged or cancelled. 1.7 Employee beneffts ThÈ cost of any unused holidby entitlement is rrfo8Nised ifi the period ifi whith the employeè's semces a￿ retèived. Termination benefits are recognised immediately as an ÈxpÈnsÈ when the CharTty is demonstrably commiltÈd to torminato the employment of an emplo¥* orto pmwdÈ tsrminat6on beneffts. 1.8 Retlrement beneffts Payrnentsto defined contribution retirement benefftxheme5 are rharged a5 an expense a5 theyfall due. 1.9 Leases Rentals payable under operating lea5e5. including ary lease inwty.ves received. are tharged as an expense on a strJiEht line bas15 over the term of the relevant lease. Income Irryn donations and lryacle5 Umestritted lunds Unrestrlrted fund5 ZOZ5 2024 Donations ènd gifts 47,624 242,548 15-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Otherlncorne Unrestricted Unre5tritted fvnds 2025 fvnds 2024 Other income 3,030 endlture on charltsble actl¥ltles Unrestrlrted lunds8erbeTrl 20Z5 Unre5trlrted lunds general 1024 •$ r$tted Dlrect tosts Staff costs v￿lI￿e5 Rent and rates Le8è1 and professlonal 75,565 443,OS7 822,1 53,494 226,778 693,668 13,555 1,340,812 987,495 Share of suppryt and gover￿n(e£05￿$1SQe n(rte61 Support Governance 295,925 45,670 352,342 19,370 1,682,407 1,359,207 •lysls by lund Unrestricted funds 1,682,407 1,359,207 17-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Support ¢Q5ts ZOZ5 Support costs Gevernance costs 2024 Management fees IrrecoverableVAT Productton costs IT Equipment and actt550rie5 Building maintenance Set-up costs Insurance Markettn8 Sundry expen5e5 Health and safety 20.COJ 20,(IXI 81.CK*J 105.983 81,0 105,983 3.656 22.876 238.120 3,656 22,876 238.120 124.4Q3 35,067 2,665 124.403 35,067 2,665 2,400 824 5.160 1.130 2.583 5,160 1,130 2,583 824 Audit fees Accountancy Le8Jl and profes51onal 17.348 20,686 7.636 17,348 20,686 7,636 15,(N)O Is,000 4,000 370 370 295.925 45,670 341,595 352.342 19,370 371,712 Anèlysed between Charltsble actbwittes 29S.92S 45.670 341,595 352.342 19,370 371,712 Governance Costs includes payments to the auditors of £38,034 12024.. £19.LyxII lor audit and accountancy fees. Of the total amount, £17,34812024.. £15,rKoi relates speoficèllytoaudTt services. TruMee5 Durlng the year, £1,(￿l2024. £nill was paid to NiBht Time Econom¥ Solutions Limited la cornpany of whlch a Trustee. J F Cox- Brown is a Director and shareholder) for seiwces prwded by J F Cox-Brown in drafting the charify'5 Trustees Report and strategy and reserves policy. None of the other Trustees lor any persons connerted with theffll rettived any remuneration or benefits frorn the Charity durin8the year. 18-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Employees The average monthly number of ern￿O￿e5 duringtheyear w Z015 1024 Numbtr Number Venue Managemeni Employment tdsts 2025 2024 Wage5 and salaries Soclal securlty Costs OtheT pen5i9n wsts 64,996 7,420 3,149 43,359 9,035 1,100 75,565 53.494 There were no employee5 whose annual remuneratton was more than £60.IXKI. 2025 2024 *s rèststèd AmouTht5hlllni due wlthln one ￿¥1. Trade debtor5 Other debtors PrÈpayrTients ènd accrued intom¢ 983,559 452.043 811,612 197,293 260,538 977,481 2,247,214 1,435.312 2025 2024 AmountslalllnE due after Mo￿thIn One￿41. Other debtors 150,000 Total debto 2.247,214 1,585,312 19-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 10 Credltors-. amoyntsfallingdue ¥thin one 2025 2024 Other taxation and social ￿￿ritY Trade creditor5 Amount owed to parent undertaking Amount5 owed to fellowgroup undertakin85 Other creditor5 Atcruèls and defÈrrÈd in¢ome 1,115 340,445 385,449 412,839 607.488 87.214 227,976 485,360 816,908 1,924,449 1,440,345 li Retlrernent bwefft ¥herne5 2025 2024 Oefined tamtrfbudam sthmes Charge to profit or loss Sn respert of defined contrlbutkn sthemes 3,149 I,IryJ The Charlty operates a deAned ¢ont¢ibuYon pefi$ion s¢heMe f¢r 411 qu•lifyin8 employees. The assets of the s¢heme are held $epèrètely frorn those of the Charity in bn independentty administe￿ funtl. 12 Uthrestrlcted lunds The unrestricted funds of the charity comprise the unexpended balances of donèifons and grants which are not subject to speciflc condlttons by donors and grantors as to how they may be used. These indude desi8nèted funds which have been set aslde out of unrestricted fvnds by the trnstees for specific purF4)se& At i ￿111 2024 In¢om Re￿￿r￿S eKpended Al 31 March 2025 General funds 148.307 1.858,999 11,682,407) 324,899 PrevlLWS perlod.. A16June 2023 IncomTr At 31 March 2024 expended General fund5 1.507.514 11,359,207) 148,307 -20-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 alysls of net avts brtwttn lunds Unre5trlrted funds 2025 At 31 March 2025.. Current assetsllliabilitiesl 324.899 324,899 Unre5trlcted fvnds 2024 as re5tsted A¢ 31 M•r¢h 2024.. 148,307 148,307 14 OpeTrt6nB l••se commltfflents Lésste At the repordn8 end date the Charity had outstsnding commitments for fLrture minimum lease payments under non- cancellable operadnz lea5e5, which fall due 35 lollow5'. 2025 2024 Wlthln one year Between two and fiveyears 77S.OCIJ 2,ow,oriJ 675.000 2,775,000 2.775.orpJ 3,450,0 At the repor￿n8 end date the Charit¥ had Contrac￿ wY¢h ienantsfor the followingmlnlmum lease payments.. 2025 2024 Wlthln ene year Between two and fiveyear5 1.166.667 333,333 1,2W,OLKI 1,5rKJ.orKJ 1.51xJ,orA) 2,7m,O 21

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 COntr￿lIng Party Nine Point Eight 15 a wholty Imned 5ub5idiary ol Broadwick GTOUP Limite4 a company incorporated in England and Wales, whose re8lStered office 15 Acre House, 11-15 Williarn Road. London NWI 3ER. 16 Rdated partytransathons Transaciions v411h related part6es Durin8 the year the Charityentered intothe followin8tsan5action5 %Wth related partie5.'

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 16 Rdated partytransacknL￿s Icontinuedl Nine Point Eight INPEI Is IQO% owned by BGL. Duringthe year. £JOI.18212024.. £443.9561 of £05ts were paid by BGL, on behalf of NPE, attributing to fees and salaries. A5 3t 31 March 2025, included within amounts owed to parent undertsknng is a balance of £607,48812024.. £385,449) owingfrom NPE to BGL Durin8 the year approximately 20 5taiffrorn BGL volurbteered their timeto 5UPPOrt NPE'S on8oingwork. BLL 15 a ICK)% owned 5ub5idiary of 8GL, thu5 a conneited company to NPE. During the year. £I,4￿,267(2024.. £1,407,896) of intome was received from 6LL. reladn8 to venue hiie fees and addibonal char8es for use of Drumsheds. As at 31 Marth 2025, intluded within tTade debtQf5 is a balance of £828,17112024.. £85,9111 owing frorn 8LL to NPE. As èt 31 March 2025, included within other debtors is a balanc¢ of £237.54812024-. £237.$481 ¢)win8 fvom BIL to NPE. In respect of donations collected on behèlf of NPE. S&51s also a 100% owned subsidiary of BGL, thus a connected company to NPE. During the year, £333,67312024.' £99,618> of income wès received and £nil12024.' £53.4941 cosrs were paid to S&S. relèDn8 to profft share from venue hlre agreements and eveni related recharges. As at 31 March 2025. Included within trade debrors is a balance of £155,38912024." £104,690) owln8 from S&5 re NPE. There is also a balance induded within amounts owed to fellow group undettskings of £85,13012024." £nlll owinafrom NPE to S&S. VGL Is a l(KM owned subsidiary of BGL. thus a connected compan¥ to NPE. (￿rIng the year £11.32912024.. £0) of income was received for recharses of power use. As ar 31 March 2025. included within amounts owed to Eroup undertaking is a balance of £2,08412024.. £nill owin8 frorn NPE toVGL. Dvrin8 the year, PF charged NPE Costs of £128.05012024.. £197,672], relatin8 to fee5 for facility managernent and acttvatio services. One of theTru5tee5, SAldred is a Dirertor of PF. A5 Ot 31 March 2025, in¢luded within ac¢rua15 is a balance Of £67,500 12024.. £nill in rela￿Offi to attrued PF facilitymanagemÈnt lees. -23-

NINE POINT EIGHT NOTE5 TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 17 sh labsorbed byll¥enevated from operation5 2025 2024 Surplu5 forthe year 176.592 148.307 Movements In worklng capll•l: Ilncrea5el in debtor5 1661,9D21 484.104 11,585,312) 1.440.345 Cash labsorbed byllgenerated from opernlions 11,2C61 An•lWs ol than8es In funds The Chadty had no material debt durin8 theyear. 19 Prlor perlod adjustment C￿nIeS to the balance sheet At 31 Marth 2024 Adlummeni A5 preWou51y reported As restated Current a55ets Debtors due withln one year 1,630,312 145,OJDI 1,585,312 Income fvnds Unrestritted funds 193,307 145,WDI 148,307 ChnBt5 to the profft Ind lossttowbt Perlod ended 31 ￿1th 2014 As pre¥lou51y Adlustrnent rÈportEd As rèststed Charitable ¥tivitie5 1,314,207 45,r 1,359.207 Net rnovernent in ftJnd5 193,307 145,CKJDI 148,307 The rent expense in the prior periotl was understate(I by £45.(XX>and corre5pondingty prepaymentswere 3150 overststed, therefore a prior year adjustment has been made lo restate the comparative figu￿5. -24-