The Band Aid Charitable Trust Trustees. Report and Financial Statements Year Ended 30 November 2025 Charity Number 292199
The Band Aid Charitable Trust Report and financial statements for the year ended 30 November 2025 Contents Page.. Legal and administrative informab'on Report of the trustees 10 Independent auditor's report 13 Consolidated statement of financial activities- 30 November 2025 14 Charity statement of financial activities - 30 November 2025 15 Consolidated and charity balance sheets 16 Consolidated cash flow statement 17 Notes forming part of the financial statements
The Band Aid Charitable Trust Legal and admlnlstratlve Infomiatlon Trustees R Geldof KBE {Chairmanl J Kennedy OBE M Ure OBE H Goldsmith CBE Lord M Grade CBE C Morrison Registered Charity Number 292199 (England and Wales) Principal Addross 1 Princeton Mews, 167-169 London Road, Kingston Upon Thames, Surrey, KT2 6PT Auditors HW Fisher Audit. Acre House, 11115 William Road, London, NW1 3ER Solicitors Bray & Krais, Suite 10, Fulham Business Exchange, The Boulevard, Imperial Wharf, London, SW6 2TL Bankers National Westminster Bank Plc, PO Box 158, 214 High Holborn, London, W1CV 7BX The Royal Bank of Scotland Plc, 49 Charing Cross, London, SW1A 2DX
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 The Iruslees present their report along with the financial statements of The Band Aid Charitable Trust I'Band Aid, or'the charity I for the year ended 30 November 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 trust deed, the Charities Act 2011 and the Statement of Recommended Practice I'SORP") applicable to charities preparing their accoLJnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. Oblectlves and Actlvltles The Band Aid Charitable Trust was established by the current Iruslees to administer the funds generated from the sales of the single 'Do They Know Il's Chrislm8s?' which was written by Bob Geldof and Midge Ure to raise money in response to the Ethiopian famine of 1984. The charity was also used to collect the donations pledged by the millions of people worldwide who watched the Live Aid concerts in London and Philadelphia in July 1985. In 2004, the charity sold the DVD rights of the Live Aid concerts to a third party, via its 1 OOO/D subsidiary Band Aid Trading Limited. The DVD was released in advance of the 20th anniversary of the concerts. No income was received from the Live Aid DVD in this period. The charity single"Do They Know it's Christmas?" was re-recorded and released in November 2004 through Band Aid Trading Limited, under the name 'Band Aid 20,. This created a further source of income for the company in the form of sales and publishing royalties, which are distributed lo Band Aid under the Gift Aid scheme. This version of the single continues to generate a modest stream of income for the charity. The 20th anniversary of Live Aid in 2005 coincided with the G8 summit in Scotland, and the trustees felt that this presented an opportunity lo lend support to the Make Povety History campaign, which aimed to compel rich countries lo fulfil their obligations and promises lo help eradicate poverty by calling for urgent and meaningful policy change on the three inextricably linked areas of trade, debt and aid. On Saturday 2 July 2005, 10 concerts look place across the globe under the banner of 'Live 8., People were asked to lend their support to the Make Poverty History ¢ampaign by adding their names to a list that would be presented lo Tony Blair, as Chair of the G8. The Live 8 conrtS were watched by an estimated 3 billion people. Whilst these conrtS were free lo the public, income was generated from a text lollery, sponsorship and merchandising. Various DVD'S of the Live 8 concerts were released in 2006 which generated another source of income in the form of sales royalties, which were also distributed lo Band Aid under the Gift Aid scheme. No income was received from the Live 8 DVD'S in this period. In November 2014, the trustees were On again moved lo lake action to support the poor of Africa- this lime to raise funds to fight the spread of the Ebola virus which had already claimed the lives of thousands of people in Sierra Leone. Guinea and Liberia, and lo raise intemational awareness of the crisis to encourage governments to lake immediate action. A new group of current artists and musicians were enlisted by Bob Geldof and Midge Ure lo re-record "Do They Know it's Christrnas?. under the name 'Band Aid 30, with the aim of raising funds for the campaign from sales of the single. Online and SMS donation facilities were also sel up for members of the public lo donate directly lo the Band Aid 30 campaign. The Band Aid 30 single was released on 17 November 2014, reaching Number 1 in the charts in 69 countries. Within Iwo months following the release of the Band Aid 30 single, Band Aid had awarded grants in excess of £1.9m to a variety of projects in West Africa to help fight the spread of Ebola and help those affected by the disease. A total of £4m has been awarded from the Band Aid 30 fund Sin financial year 2015. No grants were awarded from this fund in the year to 30 November 2025 {2024'. £nill. In 2019, the charity made digital tracks and footage of the Live Aid and Live 8 concerts available for streaming to the public across various platforms, creating a new source of income for the charity which now generates in excess of £500.000 per annum. In the period to 30 November 2025, income from streaming revenues lotalled £700,50212024= £566,974}.
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 (contlnued) Objectives and Activities Icontinuedl In January 2024 the musical Just For One Day- which tells the story of the Live Aid concerts in 1985 and features hit songs by Bob Dylan, David Bowie, The Who, U2, Queen, Madonna, The Police, Elton John, Paul Mccartney, Diana Ross and more of the iconic artists who made history at the simultaneous charitable concerts in London and Philadelphia - debuted al The Old Vic in London, where il became the theatre's fasling-selling musical ever. After a run in Toronto, Canada in early 2025 the musical returned to London al The Shaftesbury Theatre in May 2025 where it ran until February 2026. 100/0 from the sale of all lickels was donated lo Band Aid., to date this has raised in excess of £1,600,000 for Band Aid. In the year ended 30 November 2025 lolal income from the musical was £1,206,449 {2024- £303,518). The musical will now tour the UK and Ireland from March 2027. This will generate additional income for the charity in the form of a 2.50/0 royalty on all ticket sales. Further infom)alion can be found on the JFOD website.. JUST FOR ONE DAY- The Live Aid Musical | Shaftesbury Theatre. To commemorate the 40th anniversary of 'Do They Know It's Christmas?, the charity released a new edit of the original 1984 track under the lille 'Band Aid 40, which mixes vocals of the many artists who have recorded the song over the decades into one seamless whole. The single was released on digital, CD and vinyl formals, and all royalties are applied lo the charitable activities of the Trust. In the year ended 30 November 2025 the charity reiVed income from the Band Aid 40 single tolalling £nil {2024.. £13,610)- The 40th anniversary had many celebrations and w8s recognised by 8 3-p8rt documentary for the BBC, which became 8 4-part documentary for CNN. Band Aid's friend and incredible donor of lime, Jill Sinclair, made an award- winning documentary about the making of the Band Aid record- it provided a wonderful insight into the great spirit, camaraderie. and generosity from the group of superstsrs that made that record and sent us on this joumey. The trustees wish to thank all of those who continue to give so generously and contribute towards achieving the objectives of the Trust. Total income of the Trust since inception is £152m (US$ 231 ml. Since 1985 funds have been provided on an ongoing basis for long term development projects and emergency aid. The majorily of funds raised in the early years were spent on projects in Ethiopia and Sudan, where the threat of famine was al its worst. Over the years, Band Aid has continued lo support projects that benefit the poorest and most vulnerable in Africa. The Iruslees favour long temi projects where a contribution from Band Aid will make a lasting difference lo the lives of the beneficiaries. Where possible, projects funded include the participation of the local communities so that activities can be tailored to address specific needs and ensure that the benefits arising continue long after implementation has ceased. The Iruslees also believe that projects funded should have the potential for wider impact, for example. through the spread of an approach, technology or practice, and through influencing other persons, agencies and governments. The main objective for the year was lo continue lo apply the income received by Band Aid and its trading subsidiaries in line with the eharily's objects for each fund. Band Aid Trading Limited has continued lo receive limited royally income from the Band Aid 20 and Band Aid 30 singles, and all streaming revenues. Band Aid continues to receive royalties from sales of the original recording of "Do They Know It's Chrislmas?ll and as well as modest income from licensing clips of the Live Aid concert, directly. The charity received voluntary donations from individuals and corporate donors lolalling £67,91712024.. £71,457). Surplus cash balanS held on short term deposit, awaiting investment in charitable projects, also wnlribuled to the charity's income. Grant making policies The trustees. policy is to consider all applications that align with the charity's general objectives.
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 (contlnued) Grant making policies Icontinuedl Band Aid has developed a rapid funding mechanism which is designed lo efficiently manage the grant making process and provide quick decisions lo organisalions by reconciling their needs and those of the intended beneficiaries lo the Trust's requirements in advance of receiving a final funding application for consideration by the Iruslees. Income received has continued to be granted to various organisations who implement projects in Africa, via the established funding process. Achievements and Performance Charitable activities In the year to 30 November 2025 Band awarded grants of £3,743,874 across 24 projects (2024.. £2,973,550 across 16 projects) to other charitable organisalions. As in renI years, the majority of these projecls are in Elhiopia,. many of them are wide-ranging emergency inlervenlions designed to provide basic support and relief lo vulnerable people impacted by drought across the country or the conflict in Tigray which the region slowly continues lo recover from. In addition, we have awarded grants lo projects in Sudan, Somaliland and Uganda to support emergency nutrition, healthcare and education projects. Importantly, we continue lo allocate funding to support projects that deliver measurable results in smaller communities with a focus on longer-lerm, SLJStainable development. In many cases, Band Aid was asked lo fund shortfalls arising from the withdrawal of USAID in the period lo support large-scale emergency interventions. All of the organisations contacted Band for support. often as a 'firsl responder" to help provide emergency support quickly and encourage other donors lo slep forward. The estimated number of beneficiaries supported by Band Aid - based on the funding proposals we have approved in the period - totals more than 600,000 people. For the purposes of reporting the projects funded in the period are split across the following categories.. Food Security and Livelihood Projects Band Aid awarded gffinls totalling £683,98012024.. £443,860) lo four projects in the period focused on addressing food insecurity and poverty. This included= £200,000 to Plan UK as a contribution to phase 2 of their project focused on providing support to diSplad families in Togdheer, Somaliland through the strengthening of sustainable livelihood opportunities including training for women in drought-resistant crop production and poultry farming - and child protection. This work is an extension of the phase 1 activities funded by Band Aid in 2024., £250,000 lo HelpAge Inlemalional to provide cash grants and development of small-scale livestock programmes for vulnerable communities in the Amhara district of Ethiopia: £200,000 to Mary s Meals to support the ongoing provision of school meals lo vulnerable children in the Tigray region of Ethiopia., £33,980 to Open Way to provide emergency grain supplies and drought-resislance crops lo vulnerable families in the Sidama region of Ethiopia. This is part of a wider project for rural communities in the region which Band Aid has supported for many years and includes a range of activities across the other funding categories.
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 (contlnued) Achievements and Performance (continued) Health Improvement Grants lotslling £2,086,352 12024.. £560,718) were awarded lo 9 organisations to support a range of projects focused on general health improvement. This included.. £121,187 to Hamlin Fistula lo support outreach clinics and hospitals providing fistula operations and related care for women in Mekele and Yirgalem, Ethiopia,. A contribution of £200,000 lo MedAir to fund the procurement and distribution of essential medicines, vaccinations and medical equipment for vulnerable women and children across Sudan. Band Aid funded activities also include the screening and treatment of women and children suffering from malnutrition and essential healthcare training for key health workers., A grant of £420,000 was awarded to Medicines sans Frontieres to support a major healthcare project in Ethiopia., A contribution of £250,755 to UNHCR to fund the construction of semi-permanent shelters and street lighting in refugee camps in the Gambella region of Elhiopi8', £24,410 was granted lo Open Way lo provide ongoing support to elderly and other vulnerable people in the Sidama region of Ethiopia through the construction of modest housing and access to basic healthcare throughout the year. This is part of a wider project for rural communities in the region which Band Aid has supported for many years and inclLJdes a range of activities across the other funding categories- £15,000 lo Project Harar to support the early idenlificalion and treatment of children born with cleft palates in Elhiopia., A total of £1,000,000 in grant funding to UNICEF to support a range of emergency interventions across nLJtrition, health improvement, water & sanitation and child protection in Ethiopia and Sudan. This includes a dedicated grant of £500,000 to screen over 237.000 children for malnutrition, procure and distribute 9,500 cartons of therapeutic food and provide lifesaving treatment for over 11,500 children suffering from severe acute malnutrition., £50,000 to Ethiopiaid to support the provision of maternal and newborn health servi$ in the Tigray region of Elhiopia., and £5,000 lo Hospice Ethiopia UK to provide palliative care training to healthcare professionals in Jijiga, Ethiopia. Education Grants lotalling £393,529 {2024.. £82,470} were awarded to education projects. Projects included.. Two grants lotalling £108,393 to The Toybox Charity to fund education support for street children in Addis Ababa- £179,976 was awarded to Slreelchild lo support a programme in Uganda designed to reduce negative practices within communities that prevent children accessing education including child labour and arranged marriages by working with care-givers to establish micro-businesses to support income diversification and conducting workshops for parents and schools to promote sustainable education. As part of the grant, education kits and menstrual kits were provided lo support access lo education for 900 children,. £11,500 was awarded lo Birhan Social Development Training & Consultancy Centre lo provide ongoing vocational training for adults in Addis Ababa as part of a syllabus designed in conjunction with the local Ministry for Education., £68,500 to African Children's Education Trust to provid8 education supplies lo 7,000 children in the Tigray region of Ethiopia as part of a project with the local government lo reinstal8 access lo education for the poorest families in the region., and £29,890 to Open Way to support the operation of schools and libraries in the Sidama region of Ethiopia, as part of a wider programme of activities for rural communities which Band Aid has supported for many years.
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 (contlnued) Education (continued) In financial year 2022, a grant of £18,611 was awarded lo Food for the Hungry lo support an education project in Uganda. The final project report was received in FY25 which detailed an underspend of £4,730 in respect of Band Aid funded aclivilies. This amount was subsequently repaid lo the charity in the period and has been nelled of the grants awarded in the period in the Notes to the accounts. Water and Sanitation Two grants tolalling £580,013 {2024= £224,401) were awarded in the period lo support water and sanitation activities. Of this, £555,716 was awarded to UNHCR across two projects to provide clean water and sanitation services for over 95,000 refugees through the construction and rehabilitation of water supply systems and lalrines at refugee Camps in Benishangul Gumuz and Nyangatom-Aypa in Ethiopi8- £24,297 was awarded to Hope Inlemalional Development Agency to fund the conslruclion of a basic water supply system and pit latrines to support over 3,000 people in Aral Ber, Ethiopia. The project includes training on maintenance of the water supply, hygiene and sanitation practiS and basic business activities for the community., Some projects funded across the other categories also included water and sanitation activities as part of wider humanitarian response efforts. Tigray emeryency No grants were awarded specifically for emergency humanitarian relief projects in the Tigray region during this period {2024.' £1,662,101). A number of projects funded in the period were delivered in the Tigray region, which are captured in the other categories detailed above. This approach reflects improved stability and ongoing rehabilitation in the region. which remains fragile and continues lo be monitored by the trustees through the work undertaken on the ground by the org8nisations funded by Band Aid. Band Aid 30 (BA30) Projects No grants were awarded from the 8A30 fund in the period lo support post Ebola recovery {2024.. £nill- Structur0, Govornancg and Management The charity's status was fomialised in a Trust Deed dated 26 April 1985, as amended by a scheme of the charity Commissioners dated 24 January 2005, amended on 6 September 2005 and 14 November 2014. The amendment on 14 November 2014 to the charity's governing document created a separate branch of the charity lo administer funds from the Band Aid 30 campaign. The initial purpose of this branch was lo raise funds to help fight the spread of Ebola in West Africa and support those affected by the virus. However, the objects of this branch are wider and include the relief of sickness and the preservation of health among people residing permanently or temporarily in Africa or such other charitable objects relating to Africa as the trustees may from time lo time determine. The trustees who have served during the year and since the year end are sel out on page 1. The Trust deed provides for a minimum of 4 and a maximum of 6 trustees. Where there is a requirement for new Iruslees, these would be identified and appointed by the remaining trustees. The chair of trustees is responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the governing document, administrative procedures, and the history and philosophical approach of the charity. A new trustee would receive copies of the previous years, annual report and financial statements and a copy of the charity Commission leaflet 'The Essential Trustee". What You Need lo Know,. The charity's advisors would also provide appropriate training and literature as required. The existing trustees have held office since the formation of the Trust in 1985.
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 (contlnued) Structure, Governance and Management (continued) The Iruslees are responsible for all decisions and authorisalion of payments made from the Trust. They are the key management personnel. Documents are circulated lo the trustees by post and email for their consideration and, where appropriate, for their authorisation. Any issues that require input or discussion from all trustees are dealt with via email. The trustees aim lo meet al least once per calendar year lo review the slalus of the Trust and discuss any relevant issues, as well as lo consider the future activities of the charity. However, mallers are reviewed on an informal basis throughout the year, and any immediate issues or points for discussion are dealt with by email. Public benefit The Iruslees are aware of Ih8ir responsibilities for ensuring the charity operates for the public benefit and are cognisant of the Charity Commission guidan in this area. The sections of this report relating to the Trust's grant making and charitsble activities set out how we further achieve our charitable purpose for public benefit. During the year the charity has not actively raised funds from the public. No professional fundraisers were used during the period, and the charity has not voluntarily registered with the Fundraising Regulator. Risk management The trustees have a duly to identify and review the risks lo which the charity is exposed and lo ensure appropriate controls are in pla lo provide reasonable assurance against fraud and error. The Iruslees consider the principal risk in this regard to be the award of grants lo third paty organisations and the associated repulalional risk that could arise from the use of funds by third parties for unapproved activities outside of the charity's objects. The Iruslees review all funding applications presented to them for consideration lo ensure the proposed activities meet the charity's objects. The majority of organisalions funded by Band Aid are UK registered charities which are themselves subject lo a high level of public scrutiny and audit, have worked with Band Aid over many years and have a good track record for delivering projects and reporting to the charity on a timely basis. To the extent the trustees decide lo consider a grant lo an organisalion il has not funded before they undertake enhanced due diligence on that org8nisalion and its Iruslees. Initial grants to new organisations are also restricted in size. All organisations funded by Band Aid are required to provide periodic progress reports to the charity and written requests for any changes to the approved activities, timelines or budget spend. Financial review The total funds of the group at 30 November 2025 stood at £3,839,771 12024.. £4,254,402}, all of which relates to unrestricted funds. The trustees will continue to monitor the level of general reserves of the Trust to assess the level of grant making in the future. During the year, Band Aid had total incoming resources of £3,544,17712024'. £2,477,908). A lotsl of £3,958,808 12024.. £3,113,023) was committed to charitsble activities and related expenditure. All profits realised by the charity's trading subsidiaries, Band Aid Trading Limited and Band Aid Licencing Limited, are distributed lo Band Aid under the Gift Aid scheme. When Bob and Midge sent us down this road, Bob in particular made a pledge that every penny donated would be spent wisely and, in particular, that money would not be spent on overheads. In that spirit, we have no offices, no rent, no employees, no Irusl8es' fees, and no Iruslees, expenses. We do, however, incur non-charitsble expenditure on neSSary costs for the operation and governance of the enlilies. All such costs are reported in the consolidated financial statements within 'Total expenditure, and indude support costs of £185,215 12024.. £113,552) and Governance Costs of £29,71912024.' £25,921).
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 (contlnued) Financial review (continued) From the beginning, we decided we would have the best and most transparent accounting and insisted on good corporate financial governance, so that meant accounting fees and audit fees. Then the charity Commission insisted we lake out insurance, and occasionally for projects that require expertise, we incur legal fees. All of these costs are paid out of income from our commercial activities, and that income dwarfs the expenses. We believe the money that Band Aid has is the public's money, so we have been transparent in our reporting, and every single payment over 40 years has required the signature of two trustees. Governance costs represent audit fees, which are disclosed in Note 7 of the Financial Stalemenls. Audits are mandatory and cost us approximately £30,00012024.' £26,000) a year. Our accounting fees are approximately £62,00012024= £48,224} a year but deemed a good investment by the Iruslees. We spend a small sum of £1,57812024'. £1,593) on storage of some Band Aid assets. Bray and Krais generously provide our legal services for free and have done so for more than 10 years with minor exceptions for specialist work. In recent years this includes initial advice on potential future projects including Band Aid musical and Band Aid documentsry. Any future projects. if approved, are expected lo generate income far in excess of their fees. Legal fees for financial year 2025 tolalled £17,47912024.' £14,094). We had one legal dispute in recent years for which we had to hire litigation lawyers,. the monies subsequently reiVed were much more than the legal fees we incurred. In the period we incurred £10,00012024.' £nill for a third party to undertake a periodic audit of our royally income lo ensure that the charity continues lo receive all of the royalties it is owed. This is standard industry practice and is likely lo result in a small amount of additional income when il is paid lo the charity in financial year 2026. The charity commission insisted that we take out insurance policies,. the cost of these are £14,98312024.' £12,635) and are paid from our commercial income. As our commercial activities increase, we have made the commercial decision lo register our trademarks which is funded from our Commercial income, and we believe the protection and monetisation of our assets is justified by the investment. In financial year 2025, fees for trademark registrations and renewals lotalled £58,740 12024.. £18,6891. We carefully negotiate and monitor all such fees so that we are confident that we do not spend a penny more than we need lo, being mindful of the need lo be compliant with regulations and lo protect the interests of our donors and beneficiaries. The accounting standards require a proportion of our annual support costs lo be apportioned in line with the grants we have awarded in the period. This allocation is shown in Note 4 of the financial statements. As in the prior year, we are aware that the charity SORP requires us lo Consider the value and, where appropriate, account for any services provided pro bono to the charity. The Band Aid model has relied on people giving their lime and services for free., we never take any of it for granted. In particular, Mark Krais and Monica Thornell of Bray & Krais Ilegall and Joe Cannon Ifinance and grant making) continue to provide their support free of charge. We provided the requested information lo our auditors who concluded that the amounts are not material from an accounting definition perspective and therefore we have not recognised the estimated value of the pro bono services in these financial statements. Plans for future periods The trustees will continue to fulfil the objectives of the charity by 8pplying all future income from the various sources lo fund projects that aim to help relieve hunger and povety in Ethiopia and the surrounding countries. Income generated from the Band Aid 30 campaign will Continue to be applied to projeds in Africa lo support the relief of sickness and the preservation of health generally. This includes projects designed to support Ebola prevention and recovery across Africa, as required. This policy will continue to be reviewed annually.
The Band Aid Charitable Trust Report of the trustees for the year ended 30 November 2025 (contlnued) Plans for future periods (continued) In addition, the Trustees will continue to monitor the success of the projects they have funded in eadier periods. Band Aid and its trading subsidiary will continue to receive income from the various copyrights held which will be used to achieve the objectives of the charity. Trustees. responslbllltles In relatlon to the financlal statements The Iruslees are responsible for preparing the Annual Report and the financial statemerbls in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice, including FRS 102 the Financial Reporting Standard applicable in the UK and the Republic of Ireland. Law applicable to charities in England and Wales requires the trustees lo prepare financial ststemenls for each financial year, which give a true and fair view of the group's and parent charity's financial position at the end of the year. In preparing those financial statements, the trustees are required lo.. Select suitable accounting policies and then apply consistently., Make judgements and eslimales that are reasonable and prudent., Observe the methods and principles in the Charities SORP., Stale whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements., and 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 accounting records which disclose with reasonable accuracy at any time the financial position of the group 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Provision of infomiation to auditors The trustees in Offi on the dale of approval of these financial statements confirm that as far as they are aware, there is no relevant audit infomiation of which the auditors are unaware. The trustees have taken all of the steps they ought to have taken lo make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Approved by the trustees and signed on their behalf.. Ic46" R Geldof KBE Chairman & Trustee 06 Aug 2026
The Band Aid Charitable Trust Independent audltorfs report to the trustees of the Band Ald Charltable Trust Opinion We have audited the financial statements of The Band Aid Charitable Trust {Ihe'parent charity'l and ils subsidiaries Ilhe 'group'l for the year ended 30 November 2025 which comprise the consolidated statement of financial activities, the charity statement of financial aclivi118s, the consolidated and charity balance sheets, the consolidated cash flow statement, and notes forming part of the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial statements: give a true and fair view of the slate of the group's and parent charity's affairs as al 30 November 2025 and of the group's and parent charity's incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's 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 lo our audit of the financial statements in the UK, including the FRC'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 to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of the financial slalemenls 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 doubl on the group's ability lo continue as a going concern for a period of at least Ialve months from when the financial slalements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of this report. Other infomiation The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and 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 inconsislenl with the financial ststemenls or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 10
The Band Aid Charitable Trust Independent audltor's report to the trustees of the Band Ald Charltable Trust (contlnued) Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the financial stslements is inconsistent in any material respect with the report of the trustees,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is neSSary 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 parent charity's ability to continue as a going concem, disclosing, as applicable, mallers related to going conrn and using the going con¢em basis of accounting unless the Iruslees either intend lo ase operations, or have no realistic alternative but to do so. Auditovs responsibilities for the 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 Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misstatement, whether due lo fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan with ISAS IUKI will always delecl a material misslatemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influen the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of nonwcompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregLJlarilies, including fraud, is detailed below. As part of our planning process: We enquired of management the systems and controls the charity has in place, the areas of the financial statements that are most susceptible lo the risk of irregularities and fraud, and whether Ihere was any known, suspected or alleged fraud. The charity did not inform us of any known, suspected or alleged fraud. We obtained an understanding of the legal and regulatory frameworks applicable to the charity. We determined that the following were most relevant.. the Charity SORP, FRS 102 and Charities Act 2011. We considered the incentives and opportunities that exist in the charity, including the extent of management bias, which present a potential for irregularities and fraud to be perpelualed, and tsilored our risk assessment accordingly. Using our knowledge of the charity, together with the discussions held with the charity at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according lo this risk assessment.
The Band Aid Charitable Trust Independent audltor's report to the trustees of the Band Ald Charltable Trust (contlnued) Auditor's re$ponsibilitios for the audit of the financial statements {continuedl The key procedures we undertook to detect irregularities including fraud during the course of the audit included.. Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual. Reviewing the financial statement disdosures and detemiining whether accounting policies have been appropriately applied. Assessing the extent of compliance, or lack of, with the relevant laws and regulations. Testing key income lines, in particular occurrence. for evidence of management bias. Assessing the validity of the classification of income, expenditure, assets and liabilities between unrestricted and reslricled funds. Obtaining Ihird-party confimialion of material bank balan$. Documenting and verifying all significant related party balances and transactions. Reviewing documentation for discussions of irregularities including fraud. Testing all material consolidation adjustments. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misslalemenls in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.Ilwww.frc.org.uklauditorsresponsibilities.This description forms part of our auditorfs report. Use of our report This report is made solely to the charity's Iruslees, as a body, in accordance with part 4 of the Chaiities (Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required lo slate lo them in an auditors, report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or for the opinions we have formed. Diccon Thornely (Senior Statutory Auditor) For and on behalf of HW FisherAudit Chartered Accounlanls Slalutory Auditor Acre House 11-15 William Road London NW1 3ER United Kingdom 06 Aug 2026 Date 12
The Band Aid Charitable Trust Consolldated statement of financlal actlvltles for the year ended 30 November 2025 Unrestricted funds 2025 Unrestricted funds 2024 Note Income from: Donations and legacies 67,917 71,457 Other trading activities 3.408.970 2,325,802 Investments 67.290 80,649 Total incomo 3.544,177 2,477,908 Expenditure on: Raising funds 125,278 52,345 Charitable activities 3.833,530 3,060,678 Total expenditure 3.958,808 3,113,023 Net movement In funds (414.631) 1635,1151 Funds balanS brought forward at 1 December 4.254,402 4,889,517 Funds carried fonvard 30 November 3.839,771 4,254,402 All amounts relate lo continuing activities. All gains and losses recognised in the year are included in the consolidated statement of financial aclivilies. There were no activities in the restricted funds, and Ihe balance of the reslricled funds remained nil for both the current and prior financial years. The notes on pages 17 to 28 form part of these financial stalemenls. 13
The Band Aid Charitable Trust Charity statement of financial activities for the year ended 30 November 2025 Unrestricted funds 2025 Unrestricted funds 2024 Note Income from: Donations and legacies 67,917 71,457 Other trading activities 3.049,698 1,910,051 Investments 63,459 70,969 Total income 3,181,074 2,052,477 Expenditur8 on: Charitable activities 3,821,122 3,050,952 Total expenditure 3,821,122 3,050,952 Net movement in funds 1640,048} 1998,475} Funds balanS brought forward at 1 December 3.379,866 4,378,341 Funds carrled fonyard 30 November 2.739,818 3,379,866 All amounts relate to continuing activities. All gains and losses rewgnised in the year are included in the charity statement of financial activities. There were no activities in the restricted funés, and the balance of the restricted funds remained nil for both the current and prior financial years. The notes on pages 17 10 28 form part of these financial stalemenls. 14
The Band Aid Charitable Trust Consolidated and charity balance sheets as at 30 November 2025 Charity Number 292199 Note Group 2025 Group 2024 Charlty 2025 Charlty 2024 Flxed assets Intsngible fixed assets Investments in subsidiaries 1,267 1,267 Current assets Debtors.. amounts falling due within one year Cash al bank 10 507.571 3,492,055 477,808 4,202,790 194,714 2,624,449 253,706 3,517,170 3,999,626 4,680,598 2,819,163 3,770,876 Creditors: amounts falling due within one year 1159,8551 {427.4631 179,3491 1391,0141 Net current assets 3.839.771 4,253,135 2.739.814 3,379,862 Total assets less current liabilities 3,839.771 4.254,402 2.739.818 3,379,866 Total net assets 3,839.771 4,254,402 2.739.818 3,379,866 Income funds Unrestricted funds - general 12 3,839.771 4,254,402 2.739.818 3,379,866 Total capital funds 3,839.771 4,254,402 2.739.818 3,379,866 Approved by the trustees and authorised for issue on 06 Aug 2026 and signed on their behalf by.. J P Kennedy OBE R Geldof KBE The notes on pages 17 10 28 form part of these financial statements. 15
The Band Aid Charitable Trust Consolidated cash flow statement for the year ended 30 November 2025 2025 2024 Cashflows from operatlng actlvltles Nel outgoing resources Amortisation of intangible fixed assets Interest received on bank deposits other income Increase in debtors (Decreaselllncrease in creditors 1414,6311 1.267 {66,0961 11.1941 {29,7631 1267,6081 {635,1151 316 179,6491 11,0001 143,6451 87,524 Net cash oufflow from operating activities 1778,0251 1671,5691 Cashflows from investing activities Returns on investments and servicing of finance.. Interest receivable and similar income 67,290 80,649 Net cash inflow from investing activities 67.290 80,649 Decrease in cash in the year 1710,735} {590,9201 Nel funds at 1 December 4,202,790 4,793,710 Net funds at 30 November 3,492,055 4,202,790 Analysis of changes in net funds The charity had no debt during the year. The notes on pages 17 to 28 form part of these financial statements. 16
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 Prlnclpal accountlng pollcles The financial statements have been prepared under the historical cost convention and are in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. There have been no changes in accounting policies and the following are the principal policies used.. The financial statements have departed from the applicable regulations only lo the extent required lo give a true and fair view. This departure has involved following the Statement of Recommended Practice referred to above rather than the version which is referred lo in the regulations bul which has since been withdrawn. The financial statements are prepared in slerfing, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The consolidated financial statements incorporate the financial statements of the charity and all of its subsidiary undertakings. Consolidation is on a line by line basis. GoiTng concern The trustees have a reasonable expectation that the groLJP has adequate resources to continue in operation for the foreseeable future. Thus, the trustees have continued to 8dopt the going concem basis of accounting in preparing the fin8nci81 statements. Parent company disclosure exemptions In preparing the separate financial statements of the parent entity, advantage has been taken of the following disclosure exemptions available in FRS 102.. No cash flow statement has been presented for the parent entity., Disclosures irb respect of the parent enttty's financial instruments have not been presented as equivalent disclosures have been provided in respect of the group as a whole and., No disclosure has been given for the aggregate remuneration of the key management personnel of the parent entity as their remuneration is included in the totals for the group as a whole. The following principal accounting policies have been applied.. Income Donations and legacies are recognised on a receivable basis and are included within the financial statements net of value added lax. Other trading activities consist of royally income, which is recognised on a receivable basis and is included in the financial statements net of value added lax. Investment income is recognised on a receiv8ble basis. 17
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Prlnclpal accountlng pollcles (contlnued) Expendlture Expenditure is accounted for as and when incurred except for grants lo relief and development projects, which are accounted for when approved and when payment arrangements have been made. Projects approved by the Iruslees, but for which no payment arrangements have been agreed, are shown as commitments. Raising funds costs consist of direct and support costs incurred by trading subsidiaries. The costs of charitable activities include grants made and support costs incurred by the Trust. Support costs policy Support costs, as summarised in notes 4 and 6, are allocated in accordan with the underlying entities to which they relate. All costs attributable to the operation and day-to-day running of the charity, including professional fees, insurance, irrecoverable VAT and storage costs, are disclosed within 'Charitable expenditure, and allocated against each category on a pro rala basis, proportional lo the grants, issued in each category as a percentage of total grants awarded. All other costs incurred directly by the trading subsidiaries, including professional fees, 8mortlS8tion of intangible assets and exchange gainsllosses, are disclosed within 'Cosl of gener81ing funds,. Governance costs comprise those costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Intanglble assets Amortisalion is provided to write off the original cost, less any impaiment, less estimated residual values, of licenses, evenly over their expected useful lives.11 Is calculated al the following rates.. Live Aid DVD rights 20Yo per annum reducing balance An impairment review will be carried out at the end of each year if events or changes in circumstances indicate that the carrying values may not be recoverable. Foreign exchange translation Foreign currency transactions are translated al the rates ruling when they occurred. Foreign currency monetary assets are translated al the rates ruling at the balance sheet dale. Any differen$ are taken to the statement of financial activities. Deferred taxation Deferred tax balances are recnISed in respect of all timing differences that have originated bul not reversed by the balance sheet dale except that the recognition of deferred lax assets is limited to the extent that the company anticipates lo make sufficient taxable profits in the future lo absorb the reversal of the underlying timing differences. Deferred tax balances are not discounted. At the Consolidated balance sheets date, the Band Aid Charitable Trust had 8 £54,894 12024.. £38,326) unrecognised deferred lax asset in respect of short term timing differences. 18
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Prlnclpal accountlng pollcles (contlnued) Restrlcted funds Where funds are received for specific purposes sel out by the donor. these are shown as reslricled income in the statement of financial activities. Expenditure for the purposes specified is applied against the income and any amounts unexpended al the balance sheet dale are shown within restricted funds. Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments IssLJes' of FRS 102 to all of ils financial instruments. Basic financial instrument transactions The entity only enters into basic financial instruments transactions that result in the re¢ognition of financial assets and liabilities like trade and other debtors and creditors and loans lo related parties. Financial assets are initially measured at transaction price lincluding transaction costs) and subsequently held al cost, less any impairment. Financial liabilities are initially measured at transaction price (including transaction costs) and are subsequently held al amortised cost. Valuation of ITnvestments In the entity's individual fin8nci81 statements, investments in subsidiaries are measured at cost less accumulated impairment. Judgements in applying accounting policies and key sources of estimation uncertainty In preparing these financial slatemenls, the trustees have concluded that there are no critlC81 accounting estimates or judgements in the year. Income Donations and legacies Group 2025 Group 2024 Charity 2025 Charity 2024 Individuals Corporate grants 44,589 23,328 65,750 5,707 44,589 23,328 65,750 5,707 67,917 71,457 67,917 71,457 All donations and legacies reiVed in 2025 and 2024 were unrestricted. 19
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Income {contlnuedl Other tradlng actlvltles Gmu Record, video royalties and licen fees received during the year were £3,408,97012024'. £2,325,802), all of which was unrestricted. Charit Record and video royalties reiVed during the year were £3,049,698 {2024- £1,910,051), all of which was unreslricled. Investment income Group 2025 Group 2024 Charity 2025 Charity 2024 Interest on cash deposits - received gross Other income 66.096 1.194 79,649 1,000 62,265 1,194 70,969 67,290 80,649 63,459 70,969 All investment income in 2025 and 2024 was unrestricted. Expenditure Grou Rellef Govemance grants costs Support costs Total 2025 Total 2024 Raising funds expenditure Fundraising trading 125,278 125,278 52,345 Charitable expenditure Water and sanitation Health improvement Food securityllivelihoods Education Tigray emergency 580,013 2,086,352 683,980 393,529 4,604 16,562 5,429 3,124 9,286 33,401 10,950 6,300 593,903 2,136,315 700,360 402,953 230,976 577,148 456,865 84,887 1,710,802 Total charitable expenditure 3,743,874 29,719 59,937 3,833,530 3,060,678 Total expenditure 3,743,874 29,719 185,215 3,958,808 3,113,023 20
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Expendlture (contlnued) All raising funds expenditure in 2025 and 2024 was unrestricted. Charitable expenditure during the year was £3,833,530 {2024= £3,060,678), all of which was unrestricted. Charitable expenditure was £3,833,53012024'. £3,060,678) of which £3,743,87412024'. £2,973,550) was relief grants, £29,71912024.' £25,921 } was governance costs, £59,93712024.' £61,207) was support costs. Chari Relief Govemance grants costs Support costs Total 2025 Total 2024 Charitable expenditure Water and sanitslion Health improvement Food securilyllivelihoods Education Tigray emergency 580,013 2,086,352 683,980 393,529 2,878 10,353 3,394 1,953 9,089 32,695 10,719 6,167 591,981 2,129,400 698,093 401,649 230,242 575,313 455,414 84,617 1,705,366 Total charitable expenditure 3,743,874 18,578 58,670 3.821,122 3,050,952 Charitable expenditure during the year was £3,821,122 {2024'. £3,050,952), all of which was unrestricted. Charitable expenditure was £3,821,12212024'. £3,050,952) of which £3,743,87412024'. £2,973,550) was relief grants, £18,57812024". £16,511 } was governance costs, £58,67012024'. £60,891) was support costs. 21
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Relief grants 2025 2024 Grou and charit Relief grants to institutions: Action Against Hunger Action Aid African Children's Education Trust British Red Cross Birhan Social Development Training & Consultancy Centre CAFOD Ethiopiaid Food for the Hungry Hamlin Fistula UK Help Age International Hope Intemational Development Agency Hospice Ethiopia UK Mary's Meals Medair Medicines sans Fronlieres Open Way Oxfam Plan Project Harar Streetchild The Toybox Charity UNICEF UNHCR 100,000 212,101 68.500 3,50,000 48,000 200,OOD 11.500 50.000 {4,7301 121.187 250,000 24,297 5,000 200,000 200,000 420,000 88,280 250,000 550,000 100,000 97,080 200,000 100,000 200,000 15,000 179,976 108,393 1,000.000 806,471 250,000 516,369 3,743,874 2,973,550 In the financial year 2022, a grant of £18,611 was awarded to Food for the Hungry to support an education project in Uganda. The final project report was received in the financial year 2025, which detailed an underspend of £4,730 in respect of Band Aid funded aclivilies. This amount was subsequently repaid lo the charity in the period. 2025 2024 Rgligf grants by Charitable adivity.. Water and sanitation Health improvement Food security and livelihood projects Education Tigray emergency 580,013 2,086,352 683,980 393,529 224,401 560,718 443,860 82,470 1,662,101 3.743,874 2,973,550 22
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Support costs Group 2025 Group 2024 Charlty 2025 Charlty 2024 Amortisalion of intangible fixed assets Accountancy fees Legal fees Royally audit fees Trademark registrations Storage costs Registered Offi costs Bank charges Foreign exchange loss Insuran Irrecoverable VAT Miscellaneous expenses Bad debts 1,267 62,084 17,479 10,000 58,740 1.578 683 1,888 ,717 14,983 7,624 172 316 48,224 14,094 29,150 19,244 2,201 18,689 1,593 629 845 2,290 12,635 3,572 2,620 8,045 5,427 18,689 273 879 321 14,983 7,624 13 239 378 837 9,331 3,572 6,400 185,215 113,552 58,670 60,891 Governance costs 2025 2024 Audit fees 29,719 25,921 The audit fee for the Band Aid Charitable Trust was £18,578 12024.. £16,511). The remaining audit fees pertains to the audits of other group enlilies. 23
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Intangible assets - Group Llve Ald DVD rights Cost At 1 December 2024 and 30 November 2025 1.600,000 Accumulated amortisation At 1 Dember 2024 Provided for the year 1.598,417 1,267 At 30 November 2025 1,600,000 Net book valug At 30 November 2025 At 30 November 2024 1,267 In the period it was determined that no ftjrther income was likely to arise from the Live Aid DVD rights and on this basis the balance of the net book value brought forward tolalling £1,267 has been written off in full. Investments in subsidiaries Investments held by the Charity include amounts invested in SLJbsidiary companies.. Cost At 1 December 2024 and 30 November 2025 Country of Class of Company incorporationl shares Number reglstratlon held Percent Nature of Held buslness Name Year end Band Aid Trading Limited 05136974 United Kingdom Ordinary 1000/. Commercial activities including development of licenses 30 November Band Aid Licencing Limited 13272500 United Kingdom Ordinary 1 OOYO Commercial activities under development 30 November Live 8 Limited 05429664 United Kingdom Ordinary 100 /0 Dormant 30 November 24
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) Investments In subsldlarles (contlnued) Detsils of the nel assets and trading activities for the year lo 30 November 2025 of the subsidiary companies are as follows.. Band Aid Trading Limited Live 8 Limited Band Aid Licencing Limited 2025 2024 2025 2024 2025 2024 Intangible assets 1,267 Net cuThenl assets 560,587 619,834 504 504 538.864 252,933 Net assets 560,587 621,101 504 504 538,864 252,933 Turnover 902,823 812,233 1,206,449 303,518 Gross profil 902,823 812,233 1,206,449 303,518 Administrative expenses (117,1681 141,4151 {20,518} 120,6561 Operating profil 785,655 770,818 1,185,931 282,862 Interest receivable and similar income 3.831 9,680 Taxation Profil for the financial year 789,486 780,498 1,185.931 282,862 Gift aid donations {850,000) 1700,0001 1900,0001 Allocation within the consolidated statement of financial activities The turnover of Band Aid Trading Limited has been induded within the incoming resources category of record and video royalties and donations as appropriate. Live 8 Limited was dormant throughout the year. Band Aid Licencing Limited was incorporated on 17 March 2021 and began trading on this date. The administrative expenses of the entity have been included within the expenditure from raising funds. 25
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) 10. Debtors: amounts falllng due wlthln one year Group 2025 Group 2024 Charity 2025 Charity 2024 Trade debtors Prepayments and accrued income Amounts owed by group undertakings 8.739 498.832 95,022 382,786 7,866 185,708 1,140 29,022 163,761 60,923 507,571 477,808 194,714 253,706 Amounts owed by group undertakings balances have been settled post year*nd. 11. Creditors: amounts falling due within one year Group 2025 Group 2024 Charity 2025 Charity 2024 Trade creditors Other tsxes and social security costs Grants, payable Accruals and deferred income 4,052 31,207 357,360 34,844 2,450 16,004 357,360 15,200 103.566 29,280 27.009 33.180 29.280 16.889 159.855 427,463 79.349 391,014 12. Statement of unrestricted funds Grou 2025 2024 At 1 December 202412023 4,254,402 4,889,517 Income Expenditure 3,544,177 13,958,808} 2,477,908 {3, 113,0231 At 30 November 202512024 3,839,771 4,254,402 26
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) 12. Statement of unrestrlcted funds Icontlnuedl Charil 2025 2024 3,379,866 4,378,341 At 1 December 202412023 3,181,074 13,821,122) 2,052,477 13,050,952) Income Expenditure 2.739,818 3,379,866 At 30 November 202512024 13. Transactions concerning trustees During the year, none of the trustees who are the key management personnel lor any person connected to them) received any remuneration or reimbursed expenses12024'. nonel. During the year. a total irf £14,983 was paid for trustee indemnity insurance12024-. £12,635) all of which was purchased directly by the Trust. 14. Analysis of net assets of unrestricted funds Grou 2025 2024 Fixed assets Current assets Creditors.. amounts falling due within one year 1,267 4,680,598 1427,4631 3,999,626 1159,8551 3,839,771 4,254,402 Chari 2025 2024 Investments in subsidiaries Current assets Creditors.. amounts falling due within one year 2,819,163 179,3491 3,770,876 1391,0141 2,739,818 3.379,866 27
The Band Aid Charitable Trust Notes forming part of the financial statements for year ended 30 November 2025 (continued) 15. Related party transactlons Four of the trustees of the charity are Directors of Band Aid Trading Limited, two of the trustees of the charity are Directors of Band Aid Licencing Limited and three of the trustees of the charity are Directors of Live 8 Limited. J Kennedy and H Goldsmith jointly own 1000/0 of the share capital of Live 8 Limited and Band Aid Trading Limited in their capacity as trustees of the charity. J Kennedy and R Geldof joindy own 100'/0 of the share capital of Band Aid Licencing Limited in their capacity as trustees of the charity. During the year, Band Aid Trading Limited, a subsidiary, distributed £850,00012024'. £700,000) to the charity. During the year, Band Aid Licencing Limited, a subsidiary, distributed £g00,00012024.. £nil} to the charity. Band Aid Licencing Limited owes The Band Aid Charitable Trust amount lotalling £1,14012024- £1,140). The balan was provided interest free and is repayable on demand. Band Aid Licencing Limited owes Band Aid Trading Limited amount tolalling £28,49612024.' £28.4961. The balance was provided interest free and is repayable on demand. Band Aid Trading Limited owes The Band Aid Charitable Trust lotalling £nil12024.. 59,7831- The balance was provided interest free and is repayable on demand. 28