Charity registration number: 101209
Ashes to Gold Charity
Annual Report and Financial Statements for the Year Ended 31 December 2025
,
Ashes to Gold Charity
Contents (continued)
| Reference andAdministrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 8 |
| Independent Examiner's Report | 9 |
| Statement ofFinancial Activities | 10 to 11 |
| Balance Sheet | 12 |
| NotestotheFinencialStatements | 13to22 |
Ashes to Gold Charity
Reference and Administrative Details
Trustees
Dr Mark McKinney
Mrs Jacqueline McKinney Mr Peter Finch Mr Evan Reid : Mr Mark Markiewicz Charity Registration Number 101209
Principal Office
Independent Examiner
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Unit 11 Loughanhil Industrial Estate Coleraine BT52 2NR
Thomas Oliver and Associates Limited Certified Public Accountants 1 Moygashel Mills Park Dungannon Co Tyrone BT71 7DH
Page 1
Ashes to Gold Charity
Trustees' Report
The trustezs present the annual report together with the financial statements of the charity for the year ended 31 December 2025.
(bjectives and Activities
Executive Overview
Throughout 2025, Ashes to Gold has demonstrated exceptional service delivery across all projects. Our mission remains steadfast: to improve mental health, restore hope, and build community confidence. We provide a vital seitse of purpose for those navigating the complex intersections of mental ill-health, addiction, poverty, and social isolation.
Our siaff and volunteers consistently serve as a safety net for those who have fallen through the gaps of statatory provision. In doing so, we not only support the individual but also provide essential relief to health and social services that increasingly rely on the agility and dedication of the voluntary sector.
Cperatioral Excellence & Impact
The Ashes *o Gold team are the heartbeat of our organisation. From facilitating therapeutic horticultural activities to providing !:fe-saving crisis intervention, our staff and volunteers embody our founding vision: "To provide user-led andpurpo: eful activities to individuals in the Causeway Coast and Glens area."
Our reach is broad and inclusive, supporting:
Individuals managing mental health challenges and disabilities.
Adults on the journey of recovery from addiction.
Families living in areas of high social disadvantage. Armed Forces Veterans.
Strategic Partnerships & Governance
Qur reputation as a reliable, trustworthy delivery partner has allowed us to work in tandem with key agencies. In 2925, we strengthened our collaborations with the Northern Health and Social Care Trust, Causeway GP Federation, the Probation Board for NI, the PSNI, and the Defence Garden Scheme, alongside local neighbourhood renewal groups.
This collaborative success is underpinned by our commitment to excellence in leadership. . We are proud to be recognised by our funders as an organisation characterised by robust governance, strict compliance, aad transparent financial management. As we look forward, we remain dedicated to being a pillar of support and a beacon of hope for our community. , ,
Public Benefit Statement
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commissicn’s guidance on public benefit. Ashes to Gold fulfils its mission by improving the mental health and welj-being of our community, with a focus on educating, empowering, and reintegrating those at a social or ecenomic “disadvantage. We bridge the gap between vulnerable individuals and local services to facilitate financial, vocationai, and therapeutic support.
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Ashes to Gold Charity
Trustees' Report (continued)
To achieve this, the charity provides a comprehensive range of facilities and services:
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'., Mental Health & Mentoring: Deliver professional counselling and mentoring frameworks for individuals nzvigating health challenges.
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. ‘aclusion & Opportunity: Provide life-enhancing day opportunities for adults living with learning and physical disabilities, fostering independence and personal growth.
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. Social Connection: Combat isolation by facilitating therapeutic courses, drop-in session:, and coramunity events that build confidence and social cohesion.
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. Addiction & Recovery: Offer specialised support and practical coping strategies for individuals managing addiction or maintaining long term recovery.
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. Community Advocacy : Raise local awareness regarding mental health challenges and streamline access to available support networks in the region.
“ii trustees cor-firm that they have compiled with the requirements of the Charities Act (Northern Ireland) to have due regard to the public benefit guidance by the Charity Commission for Northern Ireland.
Achievements and performance
Oasis
Casis operates at the cutting edge of frontline care. We provide more than just services; we provide hope to those in the <epths of crisis, and we believe our presence has been a decisive factor in saving lives this year. In addition to our robust counselling service for adults and families, 2026 marks a strategic turning point as we work to jaunch dedicated support for children and young people. This expansion is a direct response to the rising demand for youth mental healt, services in our area.
Our community-led initiatives—ranging from SMART Recovery and Cocaine Anonymous to our essential food bank and drop-in centre—ensure that no one has to face addiction, poverty, or domestic abuse alone. Programmes like ‘Peaced Together’ exemplify our mission: taking the broken pieces of a life and helping the individual craft a new, resilient future.
37 Abbey Street continues to provide a vital space for our community. The transition to this larger meeting room has transforme:i our delivery by offering increased capacity and essential wheelchair access. These improvements have removed previous barriers to participation, allowing us to serve a wider demographic with greater comfort and efficiency.
Grow
The Grow Project continues to serve as a premier therapeutic environment, utilising nature-based therapy to enhance the quality of life for a diverse range of service users. By providing bespoke programming in a secure setting, we cater to specific community needs—from offering a sanctuary for Armed Forces Veterans to hosting primary school sessions focused on environmental education and outdoor play.
Our holistic approach integrates horticultural therapy, mindfulness, and practical skills such as cooking and food cultivation. Beyond its social value, Grow is a centre for environmental excellence. Through the planting of native Irish shrubs aud trees, we are actively boosting local biodiversity and creating protected habitats for wildlife. Furthermore, the project serves as an educational hub, empowering the community with practical strategies to combat climate change through small, sustainable actions.
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- a # Trustees' Report (continued)
Ashes to Gold Charity
{n 2925, we were proud to host a diverse range of community groups, further cementing our role as a hub for therapeutic and educational support. Our key partnerships included:
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. Veterens & Mental Health: Delivered a specialised Horticultural Therapy programme for local Aimed Forces Veterans and a mental health support programme for Mountsandel Medical Centre for adults managing mental health challenges.
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Peace & Reconciliation: Supported MUVE in their work with innocent victims of the Troubles.
Families & Youth: Partnered with Homestart Causeway to support families with young ‘children, and Macosquin Primary School for a 12-week outdoor play and environmental awareness initiative Education & Skills: Collaborated with Northern Regional College on food cultivation and culinary projects for young adults.
Social Justice & Inclusion: Supported the Probation Board for Northern Ireland in their work with women in. the criminal justice system, alongside our "Blossom" programme, which addresses social isolation through gardening, DIY, and cooking.
Furthermore, our long-standing partnership with the NHSCT continues to provide vital day opportunities for adults with learning and physical disabilities. None of this would be possible without our dedicated volunteer team, whose sommitment to site maintenance and group support remains the backbone of our operations.
The Workshop
The Workshop serves as a vital hub for skill-building, offering volunteers and service users practical experience in DIY and woodcraft. 2025 was a year of significant engagement, highlighted by the delivery of four "DIY for Women" courses—reaching a diverse demographic of participants aged 18 to 80. Additionally, the facility provided essential placements for day opportunity services and hosted specialised programmes for local mental health teams. To support our commitment to sustainability, the Workshop continues to generate social enterprise income by setling handcrafted items both on-site and at local markets.
We are.delighted to announce that we secured nearly £50,000 through the National Lottery Sustainable Community Buildings grant. This investment will be used to transform the Workshop and install a modern heating system.. This project is a strategic milestone that will:
Significantly reduce our utility costs and carbon footprint.
Convert the Workshop into a comfortable, year-round facility (addressing previous seasonal limitations).
To facilitate these upgrades, the Workshop will close in December 2025, with a scheduled grand reopening in Spring (March/April) 2026.
Moerbrook Fishery
Moorbrook remains a dynamic and evolving project. In 2025, we reached a new milestone by hosting our first overnight camping expeditions for youth groups following their angling sessions. To further diversify our outdoor offerings, we have invested in professional archery equipment; several staff members and volunteers have completed their instructor training to ensure safe, high-quality delivery of this new service. Our core angling programmes remain a cornerstone of the site, with consistent engagement from schools, youth groups, and local community organisations.
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oe Ashes to Gold Charity oe Trustees' Report (continued) Wellbeingin additionhasto ourhighlighted core programmes,Moorbrook’s the successfulsignificant facilitationpotential as ofaprojectsversatile foroutdoor Macosquin venue. Primary SchoolThese ccllaborations and Inspirhav e provided a successful "proof of concept" for the site as a rentable space for external events. Moving forward, we are exploring the development of a formal hire model, which would create a sustainable new income stream to reinvest back into our charitable services. .
Blossom
‘Our Blossom initiative has evolved into a self-sustaining community, providing a vital support network for local women. The programme’s diverse curriculum—spanning DIY, gardening, kickboxing, and artisanal skills like jam-making—ensures broad appeal and high engagement.
A key highlight of 2025 has been the significant increase in formal referrals from GPs, mental health practitioners, and the Probation Board for Northern Ireland (PBNI). This growth in third-party referrals is a testament to Blossom’s established reputation as a trusted provider of social prescribing and rehabilitative support. Additionally, the “Love Grace Handbag Appeal" saw a record volume of donations this year, enabling the group to extezid its charitable reach and deliver essential items to women’s refuges in Ballymena and Londonderry.
: Structure, governance and management
‘)perationai Overview
Board of Trustees
The Board. of Trustees currently consists of five active members. During 2025, we saw the departure of Claire Reid and Valeri« Finch, who stepped down due to other time commitments. We would like to extend our sincere thanks to both Claire and Valerie for their dedicated service. While they have formally resigned from the board, they remain valued friends of Ashes to Gold and continue to offer their support to the organisation in an informal capacity.
Governance
in late 2025, the Board of Trustees conducted a review of our governing document to strengthen our internal controls and mitigate risks associated with conflict of interest or financial oversight. A formal amendment was adopted to ensure the highest standards of transparency and integrity.
Specifically, the board updated the requirements for a quorum (the minimum number of trustees required to make a legal decision). Given that two of our office bearers, Mark and Jacqui McKinney, are related, the board has increased the quorum from two to three members for ali decision-making processes.
While no issues have arisen previously, this proactive change aligns with best practices in charity governance and ensures that no to related parties can form a majority decision-making body.
Management Update
After half a decade of steadfast leadership, Peter Finch has transitioned from his role as Charity Manager. Peter recognised that the organisation had reached a successful turning point where significant growth is essential to meet community needs, and he felt the time was right to pass the baton.
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, Trustees' Report (continued)
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Ashes to Gold Charity
We are thriiled that Alison McCloskey has accepted the role of Charity Manager. Having served as our Furding Coordixator and worked hand-in-hand with Peter for four years, Alison is perfectly positioned to lead this new era of growth. We are also incredibly fortunate that Peter’s journey with Ashes to Gold continues; he has officially joined our Board ©: Trustees, where his deep understanding of our daily operations will provide invaluable guidance for cur future.”
Buiiding Future Resilience
Through the support of the National Lottery Community Fund (Dormant Assets NI), we have secured £17,600 to strengthen our organisational foundations. This funding addresses three strategic pillars: Communication: A new website to better serve our community.
Sustainability: Professional mentoring in fundraising to secure our financial future.
' Governance: The introduction of data-driven monitoring and evaluation systems.
“hese enhancements will transform our internal reporting and allow us to demonstrate the tangible impact of our werk to fur.ders and the public with greater transparency.
Fusding
I: an increasingly competitive funding environment, Ashes to Gold has proactively diversified its income streams to easure long-term resilience. While the Department for Communities remains a core partner—providing the essential funding that allows Oasis to operate—we have successfully expanded our support base through several channels:
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Sociai {nterprise & Community Contributions: At Oasis, we introduced a voluntary donation mode! for our counselling services. By encouraging those who can afford it to make a small contribution, we have seer. a significant increase in unrestricted funds without creating barriers for those on low incomes.
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Corporate & Community Partnerships: We were honoured to be selected as a Charity of the Year by CP
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_ Hire. Their bi-annual golf day, held in memory of Norman Hutchinson, resulted in a generous £17,500 donation. Per the Hutchinson family's wishes, these funds are dedicated to our frontline counselling services.
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. Grant Successes: Significant project-specific funding was secured from the LFT Trust, Nineveh Trust, NIE, and Causeway Coast and Glens Borough Council. Additionally, a late 2025 grant from The Veterans Foundation will fund our upcoming "Spring Defence Garden Scheme" and associated workshops.
Strategic Support from ATG Group: ATG Group remains our primary benefactor. Beyond financial security, their accounts team provides essential pro-bono financial management. Following three years of sperating at a deficit, 2025 marks a financial turning point. With ATG’s guidance, we have implemented . robust operational budgets and expenditure monitoring systems across all projects.
Strategic Outlook: 2026 and Beyond
AS we enter a new chapter, Ashes to Gold is poised for significant growth to meet the increasing demand for our services. Our focus for 2026 is built upon four strategic pillars:
- Growth & Expansion: We have successfully progressed to Stage One of the National Lottery’s Strengthening Communities fund. If successful, this investment will allow us to scale "The Grow Project" and enbance our community outreach.
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Ashes to Gold Charity
Trustees' Report (continued)
Youth-Centric Services: In response to the local mental health crisis, January 2026 marks the launch of sur first dedicated counselling service for children and young people. Furthermore, we are moving toward an early-intervention model, delivering drug and alcohol awareness sessions to youth groups with the potential to establish a youth-specific Smart Recovery programme.
: User-'Led Development: Following extensive research and feedback from our participants, we are “i expanding our drop-in sessions with new, user-led activities. This ensures our service: at Oasis remain deeply rooted in the actual needs of those we serve.
Operational Excellence: The full implementation of our new monitoring and evaluation system in 2026 wil transform our reporting capabilities, allowing us to provide data-driven evidence of the impact we have on our volunteers and the wider community.
AS we 1e-apoly for core Departmentfor Communities funding in February, we remain confident in the prover value of our work. Our heart remains embedded in the local community, and we look forward to a year cheractezised by doth growth and security.
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; Ashes to Gold Charity
Trustees' Report (continued)
Statement of Trustees' Responsibilities
The irustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each firancial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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— select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed
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‘and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees ave responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities A<i 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonabie steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information inciuded on the charitab'e company's website. Legislation governing the preparation and dissemination of financia! statements may differ “rom legislation in other jurisdictions.
Th¢jannual seport was approved by the trustees of the charity on 9 March 2026 and signed on its behalf by:
Dr Mark McKinney Jacqueline McKinney , Trustee Trustee
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; Ashes to Gold Charity
Independent Examiner's Report to the trustees of Ashes to Gold Charity
T report to the arustees on my examination of the accounts of Ashes to Gold Charity for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity’s trustees of Ashes to Gold Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008.
It is my responsibility to
~ examine t'e accounts under section 65 of the Charities Act - icllow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
- ste#e whether particular matters have come to my attention
Basis of independent examiner's report
{ have exarnined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charities Commission for Northern Ireland under section 6% (9)(b) of the Charities Act.
My examination included the review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attentions giving me cause to believe:-
{ That accounting records were not kept in accordance with section 63 of the Charities Act
2 That the acceunts do not accord with those accounting records
5 That the accouats do not comply with the accounting requirements of the Charities Act ~
4 That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
have competed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with the following Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Themas Oliver and Associates Limited Certified Public Accountants
1 Moygashel Mills Park Dungannon ‘Zo Tyrons BT71 7DH
9 March 2026
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Ashes to Gold Charity
“°Statement of Financial Activities for the Year Ended 31 December 2025
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||||||||
|---|---|---|---|---|---|---|
|a|i|Unrestricted|Restricted|Total|
|funds|funds|2025|
|Note|£|£|&|°|
|Income and Endowments|from:|
|Donations and|legacies|179,060|167,626|346,686|
|Other income|3,160|-|3,160|
|Total income|182,220|167,626|349,846|
|Expenditure|on:|
|Charitable|activities|(135,679)|(159,751)|(295,430)|
|Other expenditure|6|(4,692)|-|(4,692)|
|Total expenditure|(140,371)|(159,751)|(300,122)|
|Net income|41,849|7,875|49,724|
|Gress|transfers|between|funds|7,354|(7,354)|-|
|Net movement|in funds|49,203|521|49,724|
|Reconciliation|of funds|
|Total funds|brought|forward|14,590|180,485|195,075|
|Total|funds|carried forward|19|63,793|181,006|244,799|
|Unrestricted|Restricted|_|Total|
|funds|funds|2024|
|Note|£|£|£|
|Income|and|Endowments|from:|
|Donations|and|Jegacies|64,952|148,147|213,099|
|Investment|inceme|3|4,500|-|4,500|
|Cther income|1,673|-|1,673|
|Total income|71,125|148,147|219,272|
|Expenditure|on:|
|Charitable|activities|(108,477)|(156,510)|(264,987)|
|Other expenditure|6|(2,547)|-|____ 2,547)|
|Total|expenditure|(111,024)|(156,510)|(267,534)|
|Net expenditure|(39,899)|(8,363)|(48,262)|
|Gross transfers|between|funds|89,857|(89,857)|-|
|Nei movement|in funds|49,958|(98,220)|(48,262)|
|Recsnciliation|of funds|
|Totai funds brought forward|(35,368)|278,705|243,337|
|Total|funds|carried forward|19|14,590|180,485|195,075|
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The notes on pages 13 to 22 form an integral part of these financial statements. Page 10
Ashes to Gold Charity
' Statement of Financial Activities for the Year Ended 31 December 2025 (continued)
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 19.
The notes on pages 13 to 22 form an integral part of these financial statements. Page 11
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Ashes to Gold Charity
(Registration number: 101209) Balance Sheet as at 31 December 2025
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| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangibie assets | 13 | 34,930 | 39,289 |
| Current assets | |||
| Debtors | 14 | 9,122 | 3,812 |
| Cash atbankand in hand | 15 | 222,047 | 188,107 |
| . | |||
| 225,169 | 191,919 | ||
| Creditors; Amounts falling due within oneyear | 16 | (15,300) | (32,377) |
| Net current assets | 209,869 | 159,542 | |
| Total assets less current liabilities | 244,799 | 198,831 | |
| Creditors: Amounts fallingdueaftermore thanoneyear | 17 | — | (3,756) |
| Net assets | 244,799 | 195,075 | |
| Funds ofthe charity: | |||
| Restricted income funds | |||
| Restricted funds | 181,006 | 180,485 | |
| Unrestricted income funds | |||
| Unrestricted funds | 63,793 | 14,590 | |
| Totalfunds | 19 | 244,799 | 195,075 |
The financial statements on pages 10 to 22 were approved by the trustees, and authorised for issue on 9 March 2026 and sisned gr their behalf by:
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DrTrustee Mark McKinney
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Tnbteets Jacqueline McKéfingy
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The notes on pages 13 to 22 form an integral part of these financial statements. Page 12
Ashes to Gold Charity
. Notes to the Financial Statements for the Year Ended 31 December 2025
it Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Ashes to Gold Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Inceme and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount car. be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined benefit pension scheme.Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.
2 Income from donations and legacies
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Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Restricted | Total | |||
| General | funds | funds | |||
| £ | £ | £ | |||
| Donations and legacies; | |||||
| Donations from individuals | 178,335 | 13,855 | 192,190 | ||
| Gift aidreclaimed | 725 | - | 725 | ||
| Grants, including capital grants; | |||||
| Grants fromothercharities | - | 154,375 | 154,375 | ||
| Regulargiving and capital donations | - | (604) | (604) | ||
| Total for2025 | 179,060 | 167,626 | 346,686 | ||
| Total for2024 | 64,952 | 148,147 | 213,099 | ||
| 3 | Investment income | ||||
| Unrestricted | |||||
| funds | Total | ||||
| General | funds | ||||
| £ | £ | ||||
| Total for 2625 | - | - | |||
| Total for2024 | 4,500 | 4,500 | |||
| 4 | Other income | ||||
| . | |||||
| Unrestricted | |||||
| funds | Total | ||||
| . | General | funds | |||
| £ | £ | ||||
| Total for 2024 | 480 | _ | 480 |
5 Expenditure on charitable activities
| Unrestricted | ||||
|---|---|---|---|---|
| ; | funds General |
Restricted funds |
Total funds |
|
| Note | £ | £ | £ | |
| Staffcosts | 28,701 | 40,628 | 69,329 | |
| Governance cests | 4,925 | 1,038 | 5,963 | |
| Totai for2025 | 33,626 | 41,666 | 75,292 | |
| Tota}for2024 | 56,530 | 38,870 | 95.400 |
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Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Total expenditure £
& Other expenditure
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|
|funds|Total|
|:|General|funds|
|Note|£|£|
|Depreciation,|amortisation|and|other|similar|costs|4,692|4,692|
|Total|for 2025|4,692|4,692|
|Total|for 2024|2,547|2,547|
|_|
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7 Analysis of governance and support costs
Governance costs
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|
|funds|Restricted|Total|
|General|funds|funds|
|£|£|£|
|Staff costs|
|Pension|costs|-|1,038|1,038|
|Independent|examiner|fees|
|Examination|of|the|financial|statements|3,480|-|3,480|
|Legal|fees|1,220|-|1,220|
|Other|governance|costs|225|-|225|
|Total|for 2025|4,925|1,038|5,963|
|Tota}|for 2024|11,064|-|11,064|
|8|Net|incoming/outgoing|resources|
|Net|incoming/(outgoing)|resources|for the|year|include:|
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Depreciation of fixed assets
----- Start of picture text -----
2025 2024
£ £
4,692 2,547
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Page 17
Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
1€ Staff costs The aggregate payroll costs were as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Staffcostsduring theyearwere: | ||
| Wages and salaries Pension. costs |
69,329 1,038 |
84,336 678 |
| 70,367, | 85,014 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
Staff
| 2025 | 2024 |
|---|---|
| No | No |
| > |
Contributions to the employee pension schemes for the year totalled £1,038 (2024 - £678).
No employee received emoluments of more than £60,000 during the year
| 1i Independent examiner's remuneration | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Examinationofthefinancialstatements | 3,480 | 3,282 |
Page 18
Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (contizued)
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
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|||||||||
|---|---|---|---|---|---|---|---|
|Building|Furniture|and|Other tangible|
|adaptations|equipment|fixed|asset|Total|
|£|£|£|£|
|Cost|
|At|i|January 2025|8,200|25,880|34,440|68,520|
|Additions|-|333|-|333|
|At 31|December|2025|8,200|26,213|34,440|68,853|
|Depreciation|
|At|1|January 2025|-|7,538|21,693|29,231|
|Charge for the year|-|2,780|1,912_|4,692|
|At 31|December 2025|-|10,318|23,605|33,923|
|Net|book value|
|At 31 December 2025|8,200|15,895|10,835|___34,930|
|At|3i|December|2024|8,200|18,342|12,747|39.289|
|14|Debtors|
|2025|2024|
|£|£|
|Trade|debtars|=|534|
|Prepaymerts|3,122|2,778|
|Other|debtors|-|500|
|3,122|3,812|
|5|Cash and cash|equivalents|
|2025|2024|
|£|£|
|Cash|at bank|222,047|188,107|
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Page 19
Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
16 Creditors: amounts falling due within one year
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Bank loans)|~|3,923|5,324|
|Trade|creditors|4,153|5,697|
|Other|taxation|and social|security|396|998|
|Other creditors|236|17,746|
|Accruais|6,592|2,612|
|15300,|3237.|
|17|Creditors:|amounts|falling due|after one year|
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Bank loans 18 Pensica and other schemes Defined contribution pension scheme
----- Start of picture text -----
|||
|---|---|
|2025|2024|
|£|£|
|-|3,756—|
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The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £Nil (2024 - £Nil).
i9 Funds
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||||||||
|---|---|---|---|---|---|---|
|Balance|at|
|Balance|at|1|31|
|January|Incoming|Resources|December|
|2025|resources|expended|Transfers|2025|
|£|£|£|£|£|
|Unrestricted|funds|
|Generai|14,590|182,220|(140,371)|7,354|63,793|
|Restricted|funds|180,485|167,626|(159,751)|(7,354)|181,006|
|Total funds|195,075|349,846|(300,122)|=|244,799|
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Page 20
Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Incoming | Resources | December | ||
| 2024 -4 |
resources £ |
expended £ |
Transfers £ |
2024 £ |
|
| Unrestricted funds | |||||
| General | (35,368) | 71,125 | (111,024) | 89,857 | 14,590 |
| Restricted funds | 278,705 | 148,147 | (156,510) | (89,857) | 180.485 |
| Total funds | 243,337 | 219,272 | (267,534) | - | 195,075 |
| 20 Analysis ofnet assets between funds | |||||
| Unrestricted | Total funds at | ||||
| funds | 31 December | ||||
| General | 2025 | ||||
| £ | £ | ||||
| Tangible fixed assets | 34,930 | 34,930 | |||
| Current assets | 225,169 | 225,169 | |||
| Current liabilities | (15,300) | (15,300) | |||
| Totalnet assets | 244,799 | 244,799 | |||
| Unrestricted | Total funds at | ||||
| funds | 31 December | ||||
| General | 2024 | ||||
| £ | £ | ||||
| Tangible fixed assets | 39,289 | 39,289 | |||
| Current assets | 191,919 | 191,919 | |||
| Current liabilities | (32,377) | (32,377) | |||
| Total net assets | 198,831 | 198,831 | |||
| 21 Analysis ofnetfunds | |||||
| At 31 | |||||
| At 1 January | Decemher | ||||
| 2025 | 2025 | ||||
| £ | £ | ||||
| (Cash atbank and inhand | 188,107 | 188,107 | |||
| Netdebt | 188,107 | 188,107 |
Page 21
Ashes to Gold Charity
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
----- Start of picture text -----
|||||
|---|---|---|---|
|At|31|
|At|1|January|December|
|2024|2024|
|Cash|£|£|
|at bark and in hand|142,497|142,497|
|Net debt|142,497|142,497|
|22|Related|party|transactions|
|There were no|related party transactions|in the year.|
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Page 22