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 con￿rtS were watched by an estimated 3 billion people. Whilst these con￿rtS 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
re￿iVed 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 balan￿S 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 re￿nI 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 diSpla￿d 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 practi￿S 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 ne￿SSary 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
re￿iVed 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 I￿alve 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 ne￿SSary 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 con￿rn 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 balan￿S 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 balan￿S 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 rec￿nISed 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 re￿iVed 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 re￿iVed 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 De￿mber 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