2024-03-31-accounts - The 1959 Group Of Charities

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DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE Charity number- 249039 THE 1959 GROUP OF CHARITIES REPORT OF THE TRUSTEES AND AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES CONTENTS Page Reference and Administrative Details of tho Charity. its Trustees and Advisers Trustees. Report Trustees. Responsibilities Statement Independent Auditors, Report on the Financial Statements Consolidated Statement of Financial Activities 7-10 Consolidated Balance Sheet 12 Charity Balance Sheet Consolidated Statement of Cash Flows 13 14 Notes to thg Financial Statements 15-29

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees P Chapman S Mayhew R A Monteath P Midgley Charity registered number 249039 Principal office 5 Brayford Square London E1 OSG Independent auditors MHA Chartered Accounlanls and Statutory Auditor MHA House Charter Court Swansea Enterprise Park Swansea SA7 gHS Solicitors Filanlhropia Consulting Limited Heath House Alldens Lane Godalming Surrey GU8 4AP Page 1

THE 1959 GROUP OF CHARITIES

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their report with the consolidated financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of 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) (effective 1 January 2019).

Legal and administrative information

The 1959 Group of Charities is a registered charity number 249039 established in 1959 and whose latest trust deed is dated 14 July 2011. The members of the Group appoint an Executive Committee in accordance with the Constitution which is responsible for managing the Group.

Recruitment and Appointment of Trustees

Trustees are appointed by existing members of the Board in furtherance of the objectives of the charity, in a number of ways, including personal recommendation and use of voluntary organisations.

Trustees are appointed to the Board via a thorough recruitment process including advertising on trustee and volunteering sites and on LinkedIn and other social media platforms. Prospective trustees are interviewed by key trustees including the Chair and by the CEO.

Objectives and activities

charities by facilitating the exchange of information about matters of common interest and encouraging voluntary work for member charities. Through the trading company, the Charity had developed a network of volunteers. These volunteers are provided with training to ensure sales are maximised. The Trustees participate in a wide range of activities in pursuing these objectives including constant contact with charities, their associates, and partners to achieve additional support for their work.

The T planning future activities.

Our Mission

At The 1959 Group of Charities, we remain steadfast in our mission to partner with charities throughout the UK providing both promotion and royalty income to each charity. We offer the most comprehensive range of cards and gifts for all occasions that directly supports the charity sector. Over the past year, we have worked diligently to support our partner charities and aided them in promoting their cause.

This year in addition to the funds generated from our website activity, we directly supported over 120 community projects based in libraries, museums, churches and Tourist Information Centres by attracting people to visit their locations, raising funds and generating volunteer opportunities for the wider population thereby creating methods to reduce social isolation and loneliness, and increasing confidence, social skills and friendship groups.

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THE 1959 GROUP OF CHARITIES

Achievements and performance

Key Achievements

This year, we are delighted to share some of the milestones we have reached:

1. Outreach

We supported over 70 charities through raising awareness of their cause and much needed funds to assist with their service delivery.
Expanded our outreach efforts by opening 137 Christmas pop-up shops.

2. Fundraising Efforts

Thanks to the generous support of our customers and donors, we raised £1.8m through the selling of responsibly sourced cards and gifts.
Employed 100 seasonal staff and over 100 volunteers who raised awareness of our charity partners and raised much needed funds to assist with the delivery of crucial services.
During the year 2023-2024, we raised over £365,000 to be distributed to both our charity partners and community projects; historically over the past 10 years we have given £22.5m to charities and £2.7m to community projects

3. Collaborations and Partnerships

We continue to grow our meaningful partnerships with our national charities and are delighted to welcome Terrence Higgins Trust, Versus Arthritis and Hospice UK as licenced partners this year.
We also continue to work closely with over 40 local charities and 120 community projects throughout Great Britain enabling us to amplify our impact nationally.

4. Organisational Development

Invested in improvements to documented guides to assist in the operational delivery at shop level.
Further developed the till system throughout our portfolio of shops to increase efficiencies. Streamlined the shop set up process.
Strengthened our governance framework to ensure greater accountability and transparency.

5. Staff Feedback

In the end of year staff survey the overall response was of a positive nature:
99.5% of staff completing the survey said they felt safe, secure, and supported by The 1959 Group of Charities when working in a pop-up shop location.
98% thought our gift range was improved.
93.9% thought the new till system was easy to use.
95.1% found the onboarding process a positive experience .

Challenges and Lessons Learned

The past year was not without its challenges. The continued increase of the cost of postage stamps, with reduction of a reliable delivery service; cost of living increases; difficulty in attracting sufficient volunteer numbers have all directly impacted us. Despite these, our resilience and commitment have allowed us to adapt and emerge stronger. We learned key lessons that will guide our future endeavours, such as developing our operational systems to include improving warehouse supplier communication and service level agreements; expanding range of goods; and growing our national footprint.

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THE 1959 GROUP OF CHARITIES

Looking Ahead

As we move into 2024-2025, we are excited about the opportunities ahead. Our priorities include:

Expanding our operation to a year-round offering.
Enhancing community engagement to deepen our impact.
Improving the efficiency of the warehouse and fulfilment supplier services.
Expand the range of goods.
Continue to always aim to source a range of quality, environmentally friendly, ethically sourced products. Our cards and envelopes are recyclable, glitter-free and plastic free. We will also ensure that any of our providers have sustainable credentials too.

Financial Review

Financial Performance

During the year the charity received a total income of £1,942,337 (2023 - £1,871,134). The majority of this income arose from the trading subsidiary of £1,904,782 (2023 - £1,803,655).

Total expenditure for the year was £1,932,050 (2023 - £1,860,271) of which £1,911,030 (2023 £1,832,623) arose from the trading subsidiary. This left the charity with a surplus of £10,287 (2023 - £10,863).

The charity had unrestricted reserves of £27,293 (2023 - £17,006) of which £12,774 (2023 - £7,132) is held by non-controlling interests.

Going Concern

The Board of Trustees has assessed the financial position of The 1959 Group of Charities and considered its ability to continue as a going concern. This assessment includes a review of current financial resources, projected income and expenditure, and pote

Despite current challenges, the Trustees believe that the charity has robust plans in place to maintain operations over the foreseeable future. These include prudent financial management, ongoing revenue growth efforts, and the development of reserves.

Based on this assessment, the Board of Trustees has a reasonable expectation that The 1959 Group of Charities will continue to operate as a going concern for the next 12 months and beyond.

This conclusion is supported by regular financial monitoring and contingency planning to mitigate any emerging risks.

Risk Management

In compliance with the SORP, the major risks to which the charity is exposed, as identified by trustees, have been reviewed and systems have been established to manage those risks. These are reviewed at the quarterly board meetings.

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THE 1959 GROUP OF CHARITIES

Reserves Policy

The 1959 Group of Charities is committed to maintaining financial sustainability to support our charitable activities and ensure long-term stability.

As a small charity currently without reserves, our priority is to establish and build an appropriate level of unrestricted reserves over time. These reserves will act as a financial safeguard, enabling us to:

Manage unforeseen financial challenges or shortfalls.
Ensure the continuity of our business delivery in case of unexpected events.
Invest in opportunities that support our mission and long-term growth.

Our target is to build reserves equivalent to three months of operating expenditure within the next five years. This target will be reviewed annually in light of financial performance, operational needs, and external circumstances. To achieve this, we will:

Allocate a portion of any surplus income to reserves at the end of each financial year.
Actively seek funding opportunities to strengthen our financial position.
Monitor our reserves level through regular financial reporting to ensure progress towards our target.

This policy will be reviewed annually by the Trustees to ensure it remains appropriate and aligned with our organisational goals.

The Auditors, MHA, will be proposed for re-appointment at the forthcoming AGM.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Date:

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DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable aceounling policies and then apply them consistently", observe the methods and principles of the Charities SORP IFRS 1021", make judgments and accounting eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards {FRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Group and the Charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on ils behalf by.. Roknl M,nl R A Monteath Dale.. January 29, 2025 Page 6

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES Opinion We have audited the financial statements of The 1959 Group of Charities (the 'parenl charity'l and its subsidiaries Ilhe 'group'l for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balan Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi1. In our opinion the financial statements.. give a true and fair view of the slate of the Group's and of the parent charity's affairs as at 31 March 2024 and of the Group's incoming resources and application of reSoUrs, including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice", and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charity's ability lo continue as a going concern for a period of al least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the resFX)nsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page 7

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES ICONTINUEDI Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other Information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicidy stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtsined in the course of the audit, or otherwise appears lo be materially misslaled. If we Identify such material Inconsistencies or apparent material misstslements, we are required to determine whether this gives rise to a material misslatemenl in the financial stslements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which wo are requirgd to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees, Report is inconsistent in any material respect wlh the financial slalements., or the parent Charity has not kept sufficient accounting records., or the parent Charity financial statements are not in agreement with the accounting records and retums", or we have not received all the infomation and explanations we requi for our audit. Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the Group's and the parent charity's ability lo Continue as a going conTrm, disclosing, as applicable, m8tters related lo going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the Group or the parent charity or to cease operations, or have no realistic alternative but lo do so. Page 8

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES ICONTINUEDI Auditors. responsibilities for tho audit of the financial statements We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtsin reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstalemenl when Il exists. Misstatements Can arise from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users tsken on the basis of these financial slatemenls. Irregularities, including fraud, are Instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delecl material misstatements In respect of Irregularib"es, including fraud. The extent lo which our procedures are capable of delecling irrularitie$, including fraud Is detsiled below.. Enquiry of management and those charged with governance around actual, potential or suspected lib"gation, claims, non-compliance with applicable laws and regulations and fraud. Review of legal and professional fees for evidence of legal work undertaken or fineslpenalties Incurred. Enquiry of entity staff In compliance functions and extemal advisors lo identify any Instances of non- compliance with laws and regulations. Reviewing of financial slalements disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Performing audit work over the risk of management override, including testing of journal entries and other adjustments for appropriateness., Evaluating the business rationale of significant transactions outside the normal course of business., and An assessment of the methodologies used In order lo calculate the eslimalelprovision at the year end for evidenTr of bias. The accounting policy was checked lo the financial reporting standards where necessary and confimied to be appropriate., reviewing accounting estimates for bias., Discussions amongst the engagement team in relation to how and where fraud might occur in the financial statements and any potential indicators of fraud., Discussions with management over any potential or suspected fraud. Performing subslanlive tests of detail over the completeness & existence of income within the financial system., Performing subslanlive analytical review procedures reconciling expected income from corroborating evidence lo that which had been recorded in the financial statements lo ensure that income was complete. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstalemenl in the financial statements or non-compliance with regulation. This risk Increases the more that compliance with a law or regulation is removed from the events and transactions reflected In the financial statements, as we will be less likely to become aware of instan$ of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves Intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or .uklaudilorsres onsibilities. This description forms part of our Auditors, Report. Page 9

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES ICONTINUEDI Use of our report This report is made solely to the charitys Iruslees, as a body, in accordance with Part 4 of the Charities IAc¢ounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the charity's trustees those matters we are required to slate to them in an Auditors, Report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. MHA stalulory Auditor Swansea United Kingdom Dale". MHA is the trading name of Maclntyre Hudson LLP, a limited liability partnership in England and Wales Iregistered number OC3123131. Page 10

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Other trading activities Investments 35,698 1,904.782 1.857 35,698 1,904.782 1.857 24,159 1, 803,655 43,320 Total income 1,942,337 1,942,337 1, 871, 134 Expenditure on: Raising funds Charitsble activities 1,911.030 21.020 1,911.030 21.020 1, 832,623 27,648 Total expenditure 1,932,050 1,932,050 1, 860,271 Net movement in funds 10.287 10.287 10,863 Reconciliation of funds: Total funds brought fOard Nel income attributable to the parent charity 17,006 4,645 17,006 4,645 6, 144 3, 730 21.651 5,642 21.651 5,642 9.874 7,132 Nel income attributable to non-controlling interests Total funds carried forward 27.293 27.293 17,006 Page11

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2024 2023 2023 Note Fixed assets Tangible assets 1,206 3,073 1,206 3,073 Current assets Stocks 11 136,067 130.488 344.129 138, 812 51,904 303,075 Debtors Cash al bank and in hand 12 610,684 493, 791 Creditors.. amounts falling due wthin one year 13 1558.901) (443,917) Net current assets 51.783 49.874 Total assets less current Ilabllltles 52,989 52,947 Creditors.. amounts falling due after more than one year 14 {25,696} (35,941) Total net assets 27.293 17.006 Charity funds Unrestricted funds 15 27.293 IT,006 Total funds 27.293 17,006 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Roknl M,nl R A Monteath Trustee Dale." January 29, 2025 The notes on pages 15 to 29 form part of these financial statements. Page 12

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES CHARITY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Investments 10 Current assets Debtors Cash al bank and in hand 12 5,401 23,516 288.973 288.973 28,91T Creditors." amounts falling due wthin one year 13 1287,2281 (26, 176) Net current assets 1,745 2,741 Total assets less current liabilities 1.746 2. 742 Net assets excludlng penslon asset 1,746 2, 742 Total net assets 1,746 2, 742 Charity funds Reslricled funds Unrestricted fLJnds 15 15 1,746 2, 742 Total funds 1,746 2, 742 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Roknl M.nAgL R A Monteath Trustee Dale. January 29, 2025 The notes on pages 15 to 29 form part of these financial statements. Page 13

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flows from operating activities Nel cash used in operating activities 16 49,442 231,546 Cash flows from investing activities Dividends, interests and rents from investments Proceeds from the sale of intangible assets Purchase of tangible fixed assets Acquisition of a subsidiary, nel of cash acquired Cash acquired from subsidiary Fixed assets acquired on acquisition 1,857 988 214,477 (1,416) (631,446) 652,612 (222,443) Net cash provided by investing activities 1,857 12.772 Cash flows from financing activities Debt acquired from subsidiary Repayment of bank loan 50,000 (4,058) 110,2451 Net tash (used inllprovided by financing activities 110,2451 45,942 Change in cash and cash gquivalents in the year Cash and cash equivalents at the beginning of the year 41,054 296.260 303,075 6,815 Cash and ea$h equivalents at the end of the year 344,129 303,015 The notes on pages 15 to 29 form part of these financial statements Page 14

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The 1959 Group of charib.es is a registered charity number 249039, limited by guarantee, registered in England and Wales. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The presentation currency for the financial statements is the Pound Sterling (£1. Basis of Consolidation The Consolidated Statement of Financial Aelivilies ISOFAI and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. 2.2 Going concern Since early 2020 the eonsequences of the COVID-19 outbreak followed by postal strikes have adversely affected the demand for the subsidiary's primary products. Therefore, its operating results have been negatively impacted. The subsidiary has made significant changes to the way they operate, management strategy and operational costs since the start of 2022. As at the 31 March 2024 the charity has net current assets of £51,783. The Trustees believe that, with current levels of trading and arrangements in place with creditor's, the charity Continues to be a going concern and the financial statements are prepared on this basis. The Trustees have assessed expected future cashflows, giving due consideration to all relevant factors affecting the group. They have considered potential impacts, on the group as well as its eapital resourees and believe that the group has adequate resources in place to continue in operation for al least twelve months from the dale of approval of the financial statements. Consequently, the group continues to adopt the going concern basis in preparing these financial statements. 2.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Trading income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Page 15

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs inVoed in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on direct undertaking the activities which further the Group's objectives, as well as any associated support costs. 2.5 Intorgst recgivablo Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Taxation The Charity Is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such Income or gains are applied exclusively to charitable purposes. 2.7 Tangible fixed assots and doprgciation Tangible fixed assets are initially recognised at Cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into ils Intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Computer equipment 20 /0 and 33.3Yo Page 16

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.8 Investments Fixed asset investments are a form of financial instrument and are Inilialty recognised al their transaction cost and subsequently measured at fair value al the Balance Sheet dale, unless the value cannot be measured reliably in which case Il Is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Consolidated Statement of Financial Aclivilies. Investments in subsidiaries are valued al cost less provision for impaimienl. 2.9 Stocks Stocks are slated al the lower of cost and net realisable value, being the estimated selling price less costs lo complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in prresS and finished goods include labour and attributable overheads. Al each balance sheet dale, stocks are assessed for impaimienl. If stock is impaired, the carrying amount is reduced to its selling pri less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. 2.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.11 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.12 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan Sheet dale as a result of a past event, Il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the Charity anticipates il will pay lo setde the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised In the Consolidated Statement of Financial Activities as finance cost. Page 17

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.13 Financial instruments The Company has applied the provisions of Section 11 Basic Financial Instruments" and Section 12 Other Financial Instrument Issues of FRS 102 to its financial statements. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of ils liabilities. 2.14 Pgnsions The company operates defined contribution and funded multi-employer defined benefit pension schemes on behalf of certain employees. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate. 2.15 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund Is set out In the notes lo the financial slalements. 2.16 Holiday pay accrual A liability is recognised to the extent of any unused holiday pay enlitlemenl which is accrued at the Statement of Financial Position dale and Carried forward to future periods. This Is measured at the undiscounted salary cost of future holiday enlillement so accrued at the Stslement of Financial activities. 2.17 Goodwill Negative goodwill arises on acquisition if the cost Is less than fair value of the net assets acquired. Negative goodwill is fully amortised in the year of acquisition. Page 18

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.18 Critical accounting judgements and key sources of estimation uncertainty In the application of the company's accounting policies, the directors are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The eslimales and undedying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or In the period of the revision and future periods if the revision affects both current and future periods. The areas for which eslimalion has been applied are considered to be in calculating depreciation and provisions. Although these areas are subject lo judgement, they are not considered lo be subject to significant estimation. Income from donations andlogacies UnrgStri¢ted funds 2024 Total funds 2024 Donations 30,383 5,315 30.383 5.315 Gift Aid 35,698 35,698 Unrestricted funds 2023 Total funds 2023 Donations 18,724 5,315 120 18,724 5,315 120 Gift Aid Subscriptions 24, 159 24,159 Page 19

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investmgnt incomg Unrgstricted funds 2024 Total funds 2024 Interest receivable 1,857 1.857 Unrestricted funds 2023 Tol81 funds 2023 Interest receivable Goodwill on acquisition of subsidiary 988 42,332 988 42,332 43,320 43.320 Analysis of expenditure by activities Support costs 2024 Total funds 2024 Raising donations and legacies 21,020 21.020 Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Raising donations and legacies 19,203 8,445 27,648 Page 20

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expendituro by activitigs Icontinuedl Analysis of direct costs Raising donations and legacies 2024 Total funds 2024 Raising donations and legaci6s 2023 Total funds 2023 Wages Sundry expenses 19,103 100 19, 103 loo 19,203 19,203 Analysis of support costs Total funds 2024 Activities 2024 Audit and accountsncy fees 21,020 21,020 Total funds 2023 Activities 2023 Audit and accountsncy fees 8.445 8,445 Page 21

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Auditors. remungration 2024 2023 Fees payable lo the Charity's auditor for the audit of the Charity's annual accounts 16,250 19,000 Fees payable lo the Charity's auditor in respect of.. Preparation of the consolidated accounts 3,250 Staff costs Group 2024 Group 2023 Charity 2024 Charity 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 506.384 32,662 569, 165 32,554 24,914 19,101 9,506 9,376 548.552 611,035 24,914 19,101 The average number of persons employed by the Group during the year was as follows.. Group 2024 Group 2023 Employees 31 35 No employee received remuneration amounting to more than £60,000 in either year. The total remmuneralion paid lo ils key management personnel during the year was £114,774. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NIL). Page 22

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tangiblo fixed assets Group Office equlpment Cost or valuation At 1 April 2023 30,817 At 31 March 2024 30,817 Depreciation At 1 April 2023 Charge for the year 27.743 1.867 At 31 March 2024 29,610 Net book value At 31 March 2024 1.207 At 31 March 2023 3,073 Page 23

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Fixed assot investmgnts Investments in subsidiary companies Charlty Cost or valuation At 1 April 2023 At 31 March 2024 Page 24

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Stocks Group 2024 Group 2023 Stocks 136,067 138,812 12. Debtors Group 2024 Group 2023 Charity 2024 Charity 2023 Due within one year Trade debtors other debtors Prepayments and accrued income 124.737 2.489 3.262 38,070 7,674 6,160 5.407 130,488 51,904 5,401 13. Creditors: Amounts falling due within ono ygar Group 2024 Group 2023 Charity 2024 Charity 2023 Bank loans 10,000 207.177 10,000 209,256 Trade creditors Amounts owed lo group undertakings Other laxalion and social security Other creditors 287,228 26.176 226,215 115,509 172, 836 51,825 558.901 443,917 287,228 26,176 14. Creditors: Amounts falling due after more than one year Group 2024 Group 2023 Bank loans 25,696 35,947 Page 26

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. ststgmgnt offunds Icontinuedl ststgmgnt offunds- prioryear Balance al 31 March 2023 Balan at l Apnl 2022 Transfers in/out Income Expenditure Unrestrlcted funds General Funds Non-controlling interest 6, 144 1, 871, 134 (1,860,272J (7, 132) 7,132 9,874 7,132 6, 144 1, 871, 134 (1,860,272) fT,006 16. Roconciliation of net movement in funds to net cash flow from oporating activities Group 2024 Group 2023 Nel income for the period las per Ststemenl of Financial Acliviliesl 10,287 10,863 Adjustments for: Depreciation charges Amortisation charges Dividends, interests and rents from investments Lossllprofill on the sale of fixed assets Decreasellincreasel in stocks Increase in debtors 1,867 6,633 (21, 166) (988) (325) (138,812) (51,9Q4) 433,245 11,8571 2,745 178,5841 114,984 Increase in creditors Not cash provided by operating activitigs 49,442 237,546 Page 28

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE THE 1959 GROUP OF CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Analysis of cash and cash equivalents Group 2024 Group 2023 Cash in hand 344,129 303,075 Total cash and cash equivalents 344,129 303,015 18. Anatysis of changes in net debt At 1 April 2023 Cash flows At 31 March 2024 Cash al bank and in hand Debt due within 1 year Debt due after 1 year 303,075 {10.0001 {35,9411 41,054 344,129 110.0001 125.6961 10,245 257,134 51,299 308.433 19. Pension commitments The group operates a defined contribution scheme with contributions paid in the accounting period charged to the profil and loss account. The pension cost charge represents contributions payable by the group lo the fund and amounted lo £9,50612023 - £9,316). Defined Benefit Scheme The charity participates in the scheme, a mulli-employer scheme which provides benefits lo some 638 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the charity lo obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subject lo the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, sel out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'lasl-man standing arrangement.. Therefore the charity is potentially liable for other participating employers. obligations if those employers are unable lo meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out al 30 September 2020. The present value of the provision is £45412023.. £9721. Page 29

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE