Company Reglstratlon Number: N1022996 Charlty Reglstratlon Number.. 104137 Buddy Bear Trust (Charitable Company Limlted by Guarantee) Annual Report and Unaudited Flnancial Staternnts For the year ended 31 August 2025 111 11111 AF2EL5MI¥ 1910512026 COMPANIES HOUSE
Buddy Bear Trust {Charltable Company Llmlted by Guarantee) CONTENTS For the year ended 31 August 2025 Page General Informatlon Dlrectors, Report Independent Examinerfs Report Statement of Financial Actlvitles Statement of Financial Posltion io-ii Notes to the Flnandal Statements 12-21
Buddy Bear Trust (Charltable Company Umlted by Guarantee) GENERAL INFORMATION Board of Dlrectors Mr5 Phyllls Agnew Mr Brendan Mcconvllle Rev Eamonn Mccamley lappolnted 2 DMber2024) Mrs Mary Murphy Company Se¢ret)ry Phyllis Agnew {re51gned 18 February 2025) Registered Office Peto Centre Killyman Road Dungannon Co Tyrone BT7L 6DE Company Reglstratlon Number N1022996 Charlty Reglstration Number 104137 Independent Examlners Cooper Parry Audlt (Ireland) Umlted Chartered Accountants 36-38 Northland Row Dungannon Co Tyrone BT716AP Bankers U15ter Bank 39 Market Square Dungannon Co Tyrone BT70 IJJ Sollcitors TugharTrs Sollators Marlborough House 30 Victorfa St Belfast Co Antrfm BTI 3GG
Buddy Bear Trust (Charltable Company Llmited by Guarantee) DIREcfoRS' REPORT for th¢ year ended 31 August 2025 The Dlrectors, who are the trustees for the purpose of charfty law, have pleasure In presentlng thelr report and the unaudited flnancial statements of the charitable company for the year ended 31 August 2025. The financial statements have been prepared in accordance with the Statement of Fiecommended Practlce "Accounting ar)d Reporting by Charities" (FRS 102) and the Companles Act 2006. Reference Jnd Admlnlstratlon Detslls The referen and administration details of the charftable company are as shown on page 2. ObJectlves and Activities The prlnclpal actlvlty or the tharltable company Is to relleve slckness of chlldren sufferlng from cerebral palsyi splna biflda and other motor neurone dlsorders. The maln strateglc objecuves of the Trust are: To provlde conductlve education for chlldren who suffer from cerebral palsy and other motor disorders. To become a "mainstream" part of education and therapy for children suffering from cerebral palsy in Northern Ireland and to see greater integration of the existlng servlces of health and educatlon for such chlldren. The key alms of Buddy Bear Trust are to allow young people to benefit from this life changing therapy and develop their own optimum level of Independence. Publlc Benefit Statement The Dlrectors of Buddy Bear Trust conflrm that they have rtsmplied wlth thelr duty under settion 4(6) of the Charlties Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northem Ireland's guldano on public benefit and that the public beneflt requirement ha5 inforrned the activities of the tharitable company in the year ended 31 August 2024. Achievements and Perforniance Chlldren wlth Cerebral Palsy at the Buddy Bear Trust Conduttlve Educatlon School ("Buddy Bear Sthool") benefited from a team led by the prlndpal and two other Peto trnlned Conductors, all of whom a registered wlth the General Teachlng Coundl of Northem Ireland as well as three experlenced Classroom Asslstants and a part-time Secretsry. The Buddy Bear School wa5 able to offer places to chlldren in one of four main group5 being: Parent and Chlld Group (P-Nursery). Nursery Group; Sthool Group I. and School Group 2. Chlldren at the Buddy Bear Sthool made gt progre55 under the guldance of the Condurtors/Teachers. Each chlld made vislble progress thtDughout the year whlch pleased and motivated their parents to request more conductive educatlon wlthln the school. Page 3
Buddy Bear Trust (Charitable Company Llmlted by Guaranto0) DIREcfoRS' REPORT for the year ended 31 August 2025 (Contlnued) ear The Buddy Bear Trust contlnues to actlvely promote Its flve year'ufetlme of Dlfference, project. The projert Is funded for flve years by the Natlonal Lottery Communlty Fund and the Mcclay Foundation untll June 2026. These vltal funds serve as a platform but stlll leave a shortfall for the optlmum running costs of the school whld) we need to supplement with government fundlng and ongolng fvnd ralslng. The Buddy Bear Trust continues to lY heavily on volunteers to asslst in the day-to-day operational running of the charity. Such volunteers are Invaluable, and the charlty continues to be grateful for their continued input. The volunteers do not receive any remunerdtion; however, the charlty will cover any costs of travel and expenses In order to ensure no volunteers are out of pocket for the costs they incur. Good volunteers are the backbone of any charltyi and we appreciate their tlme and effort. The charlty Is also very grateful for the support from the Parlsh of Dungannon who contlnue to lease the school bullding to us on a rent-free basis. In Ottober 2024 Paul Glvan, Minister of Education, visited the school and met with the dlrettors as well as staff, parents and children. The parents impressed on rhe Mlnlster how much they value the 5pecialised service provided by the condurtor5 and the impact the conductors have had on the progression of the children and the development of their motor skllls. The dlrectors also took the opportunlty to dlscu5S With the Mlnlster the benefits of eady interventlon and to lobby him for fvndlng for earfy year5 provisiorn. In January 2025 the school was Inspected by the Educatlon Tralnlng Inspectorate and recelved another very posltlve report. It wa5 noted that "the stsff provlde a very speciali5ed and highly valued Serv[ for the puplls and thelr Fdmilies". The charity was very proud and honoured by the fact that Ildiko Veres, the principal of the Buddy Bear Trust Conductive Education School. was presented on 28 April 2025 at the Long Galleryi Parliament Buildings, Storrnont with the prestigious award of the Silver Cr055 of Merit of Hungary by Ambassador Ferenc Kumin on behèlf of the President of Hungary, Dr Tamas Sulyok. The dtatlon read: "To Ildlko Vere5, Condurtortreacher and Prlndpal of the Buddy Bear Trust Conductlve Educatlon School In Northem Ireland, In recognltlon for her devoted work In the fleld of high-quality education of children and adults with disabilities, l award the Sllver Cross of Merit (avll Divlsion)" Ildiko Veres came to Dungannon 30 years ago as a graduate of the Peto Institute In Budapest. Her commitment to thlldren wlth cerebral palsy has been admired by parents and their famllles throughout the Island of Ireland. Flnanclal Revlew Flnanclal Perforniaftce The charlty earned net Incoming resources of £81,888 in the year to 31 August 2025 (2024: Incomlng resour of £65,295) and at the year end the total funds of the charlty amounted to £527,876 (2024: £445,988) comprising unrestrfcted funds of £308,774 (2024: £235,719), restrltted funds of £19, 102 {2024: É10,259) and a deslgnated reserve fund of £200,000 (2024: £200.000). Principal sourGe5 of funding and how this has supported the key objectives of the charitable company are disclosed in the notes to the financial statements. ReSenS Pollcv The Buddy Bear TNst has a lomial reserves pollcy and the tmstees believe there are sufflclent nds to meet the needs of the chatlty for the medium term. As the charlty Is heavlly reliant on donatlons and funding from publlc bodies, the board believe It Is Imperatlve to hold a significant level of reserves so that the charlty can continue to operate should there be any unexpected fall In Incomlng resources. Pg8¢4
Buddy Bear Trnst (Charltable Company Llmlted by Guarantee) DIRECTORS. REPORT for the year ended 31 August 2025 (Contlnued) Structure, Governance and Management Oryanlsatlonal Structure The charltable company Is a company limlted by guarantee, not having a share opital. The charftable company vlas established under a Memorandum of A55<xiation which estsbllshed the objects and powers of the charitable company and Is govemed under Its Artl¢les of Association. In accordance with the Artides of Assoclatlon. the members to retlre by rotatlon shall be those whD have been longest In office since thelr last electlon, and the relevant motlon wlll be put at the Annual General Meetlng. A rettrlng member shall be eliglble for re-elertlon. Dlrertors The Oirect¢xs durlng the year are the same as the Dirertors as listed on page 2. Taxatlon Ststus The charitsble company Is recognised as a charity by HM ReVue & Customs. Accordlnglyi the charftable company has avalled of the exemptlons contalned in Chapter 3 Part 11 Corporatlon Taxes Act 2010 and Sectlon 256 Taxatlon of Charyeable Galns Act 1992. Diréctors, Responsibilities The Dlrectors are responsible for preparlng the financlal statements In accordance wlth appllcable law and Unlted Kingdom Accountlng Standards {Unlted Kingdom Generally Accepted Accounting Practlce). Company law require5 the Ixrectors to prepare flnancial statements for each flnandal year whlch glve a tnje and falr vlew of the state of the affalrs of the tharitable company and of the Incoming resources and appllcatlon of resources, includlng the Income and expendlture, of the charitable company for that year. In preparing these financlal statements the Directors are required to: selett suitable accounting polioes and apply them consistendy. observe the methTrJs and prinoples in the Charities SORP (FKS 102); make Judgements and estimates that are reasonable and prudent; state whether appllcable UK Accounting Standards have been followed, subject to any material departures dlsclosed and explalned in the financial statements; and Prepa the financial statements on the golng concem basis unless it is inappropriate to presume that the charltable company wlll contlnue In operation. The Dlrectors are responslble for keeplng adequate accountlng records that dlsclose wlth reasonable accuracy at any tSme the finandal posltlon of the charltable company and enable them to ensure that the flnancial statements comply wlth the Companies Act 2006. They are also responsible for 5afeguardlng the assets of the charitable cornpany and hence for taklng reasonable Steps for the prevenorn and detectlon of frdud and other irregular[t. Small Companles Exemption The above report has been prepared In accordance wlth the specSal provlslons relatlng to small companles wlthln Part IS of the Cornpanles Art 2006. 8¢5
Buddy Bear Trust (Charitable Company Llmlted by Guarartee) DIRECTORS. REPORT for the year ¢nded 31 August 2025 (Contlnued) Thls report was approved by the Board of Dlrectors on 13 41 behalf by: 2026 and slgned on Its Mr Brendan M¢Conville Directors Mrs Ph Is Agnew Reglstered offlce: Peto Centre Killyman Road Dungannon Co. Tyrone BT71 6DE Company Reglstratlon Number: N1022996 Charlty Registration Number: 104137
Buddy Bear Trust {Charltable Company Limited by Guardntee) INDEPENDENT EXAMINER'S REPORT to the members on the unaudlted tlnanclal statements of Buddy Bear TNst for the year ended 31 August 2025 We report on the flnanaal statements of the company for the year ended 31 August 2025 whlch are set out on page$ 9 to 21. Respectlve Responslbllities of Dlrectors and Independent Examlner As the charltable company's Directors, who are the trustees for the purpose of charity law, you a responslble for the preparation of the finanaal ststements In accordance wSth the requlrements of the Companles Act 2006. Having sat15fied ourselve5 that the charttable company Is not subject to audlt under company law, and Is ellglble for Independent examlnatlon. It is our responslblllty to: exarnlne the accounts under sectlon 65 of the ChaTltles Art (Northern Ireland) 2008; follow the procedures lald down in the general Directlons glven by the Charity Commission for Northern Irdand under section 65(9)(b) of the Cthartbes Act (Northem Ireland) 2008; and stste whether partlcular matters have come to our attention. Basis of Independent Examlnerfs Report We have examlned your tharitable company'5 finanaal statements as required under section 65 of the Charltles Act (Northern Ireland) 2008 and our examlnalion wa5 carried out in accordan wlth the general dlrectlons glven by the Charity Commlsslon for Northem Ireland under sectlon 65{9)(b) of the Charitles Art (Northern Ireland) 2008. The examlnation Included a VIeW of the accounting cOrdS kept by the charltsble company and a comparfson of the accounts presented ith those record5. It a150 indudes consideration of any unusual Item5 or disdosure5 In the accounts and Seeking explanatlons from you as charitable company Dlrertors concerning any such matters. Our role Is to state whether any materlal matters have come to our attentlon glvlng us cause to belleve: That accounttng records were not kept In accordan wlth sectlon 386 of the Companles Act 2006; or That the accounts do not accord with those accounting record5; or That the accounts do not comply with the accounting requIrnents of settlon 396 of the Companles Act 2006 and wlth the methods and prlnciples of the Charlties Statement of Recommended Practlce applltable to tharities preparlng thelr accounts In accordan with the Financial Reporting Stsndard applicable in the UK and Republlc of Ireland. or That there 15 further infomatlon needed for a proper understanding of the accounts to be reathed.
Buddy Bear Trust (Charitable Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT to the members on the unaudlted financial statements of Buddy Bear Trust for the year ended 31 August 2025 (Contlnued) Independent Examinorfs Statement We have completed our examination and have no concems in respect of the matters 115ted above and, In connettion wlth followlng the Dirertions of the Charlty Commlsslon for Northern Ireland, we have found no matters that require drawing to your attention. Cooper Par Audlt (Zrela ) Llmlted Chartered Accountants & Statutory Audltors 36-38 Northland Row Dungannon Co. Tyrone BT716AP Date: 13 May 2026 2026 P#8e 8
Buddy B•lirTn {abarii•bl8 eathp•Thy Limit•d by $ne) STAYEMEIIT OF FINANCtAL AcriviriES (Including an Incon & ExpendIre Accourt) Forthe year ended 31 Augilst 2025 dl 20 2024 IMCOMEAND EMt)WllE Charthbk?ACes (tte 31 141.163 227,209 83)4 376.676 141,163 I44.3 2¥750 4,121 371.754 I443 222,7SO 4,IlX 371.754 InyÉrmntIttor IP4rte31 io 306.676 CharbIAltseS (trWe41 TOTAL RESOUAt2S PENDl (>)3.621) (L1671 (L1671 (304.Tr1 I3,788) P04,9D31 {304.903) 115561 li56} 1306.459) 1306NS9) 61W8 66S1 IL556} 6S295 2J5.719 IVJ69 2W.000 380,693 S17 The above of Financial ActNibe5 indudts all infarmatton 4$ to be by the CLm)panles Art 2006. l of the actItieS of the tharilable company are dassed as eohtththng. The Statement of RnarKial Athiue$ indudes all galns aThJ ]osses recog0 the year. The note5 on page5 12 to 21 form an integral part of firLia1 statements.
Buddy Bear Trust (Charitable Company Limlted by Guarantee) STATEMENT OF FINANCIAL posrrxoN as at 31 August 2025 2025 2024 Non-current Assets Property, Plant and Equipment Current Asgets Recelvables Cash and cash equlvalents 42,441 473 559 516,000 422 783 422,783 Payables: Amounts falllng due wlthln In one year io Net currnnt assets 500 325 Net Asset$ li 527 876 445 988 REPRESENTED BY: Unrestrlcted funds Restrlcted funds Deslgnated funds Total Funds 12 12 12 308,774 19,102 200 000 527 876 235,719 10,269 200 000 445 988 The DIrecto, statements shown on the followln9 page form part of this Statement of Financlal P051tion. P4¢ 10
Buddy Bear Trust (Charltable Company Llmlt¢d by Guarantse) srATEMENT OF FINANCIAL POSITION as at 31 August 2025 {Contlnued) These financial Statements have been prepared in accordan with the provisions appllcable to small companles reglme wlthln Part 15 of the Companles Art 2006. For the finandal year ended 31 August 2025 the company was entitled to exemptlon from audSt Under settlon 477 of the Companies Act 2006. The Directors confirm that the members have not required the company to obtain an audit of Its flnanclol ststements for the year In questlon In accordance ViTIth sectlon 476 of the Companles Act 2006. The Dlrectors acknowledge thelr responslbilities for ensuring that the charitable company keeps accounting records which comply with Sectlon 386. and for preparfng flnanclal statements whlch glve a true and fair view of the state of affalrs of the charftable company as at the end of the financial year and of its incoming or outgolng resources for the financial year in accordance with the requlrements of sections 394 and 395 and whlth otherwise comply wlth the reqU1ments of the Companles Act 2006 relatSng to flnanclal statements, so far a5 appllcable to the charftable company. The notes on pages 12 to 21 forni an Integral part of the finanaal statements. The flnanclal statements were approved and authorised for issue by the Board of Dlrettors on 2026 and slgned on thelr behalf by: Mr Brendan Mcconvllle Dirertors Mrs Phyl Is Agnew Company Registration Number: N1022996 Charlty Reglstratlon Number: 104137
Buddy Bear Trust (Charltable Company Umlted by Guarantee} NOTES TO THE FINANCIAL STATEMEiirs For the year ended 31 August 2025 I. GENERAL INFORMATION Buddy Bear TNst is a charitable company Ilmited by guantee incorporated in Northem Ireland. In the event of the charltable company belng wound up, the Ilablllty In SpeCt of the guarantee Is Ilmlted to £1 per member of the charftable company. The address of the reglstered office is as shown on page l. The charltable company constltutes a public benefit enttty as deflned by FRS 102. The flnandal statements are stated in £ sterllng whlch is the functional currency of the chariL'able company. 2. ACCQUNTING POLICIES The followlng accountlng pollcles have been applled conslstently In deallng wlth Items whlch are considered materfal in relatlon to the djarftable company's financial statements. 2.1 Statement of Compliance The flnandal statements have been prepared In accordance wlth Accountlng and Reporting by Chadtes: Statement of Recommended prattl (SORP) appllcable to charities preparlng thelr financlal statements in accordance wth the Finanaal Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102) effective l January 2019 (Second Edition), the Financial Reporting Standard appllcable In the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. 2.2 Basls of Preparatlon The flnanclal staternents are prepared on a golng concern ba51s under the hlstorlcal cost convention unless otheNfise stated in the relevant accounting pollcy. Historical c05t is generdlly based on the fair value of the consideration given in exchange for asset5. 2.3 Cash Flow Statement The charitsble company has applled Update Bulletln 2 as published on P October 2018 (effertlve l January 2019) and does not Indude a cash flow statement on the grounds that it is applying FRS 102 Sertion IA. 2.4 Income and Endowments (l) Charltable Activities Income from charitable actlvltles Indudes income received under contratt or where entitlement to grant funding is subject to specific perfomance eondltlons. It Is recognised as earned as the related services or goods a provided. Grant Income Is recognlsed In the Statement of Ftnanclal Actlvltles when re1Vable. Grant Income Included In this category provides funding to support projects and Is recognised where there is entTtlement. certainty of receipt and the amount can be measured with suffldent rellablllty. Page 12
Buddy Bear Trust {Charitsble Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMEPITS (Contlnued) For the year ended 31 August 2025 2. ACCOUNTING POLICIES (Continued) 2.4 Income and Endowments (Contlnued) (li) Donations and Legades Donatlons and Legacy Income Indudes Incomlng reSoUrS from glfts, donatlons and grants and Is recognlsed in full in the Ststement of Flnandal ActlvltSe5 when re1Vable. AttlvltSes for generotlng funds a commercial artlvlues whlch are recognlsed as earned when the related good5 and service5 are provide¢l. 2.5 Expenditure Expendlture Is recognised when a Ilability Is Incurred. Contrartual arrdngements and performance related grants are recognlsed as goods and seNlces are supplied. Where costs cannot be directly attributed to a partlcular heading, they have been allocated to activltles on a basi5 consistent with use of resources. Staff w5ts and overhead expense5 are allocated to attlvities on the basls of staff ttme spent on those activitles. {1) Charltable Activities Thls comprlses all the resources applled by the charltable company In undertaldng Its work to meet Its charltable objettives. Charftable actfivlties wlll Include the costs of govemance arrangements which telate to the general runnlng of the charltable companv. 2.6 Fund Accountlng The charltable cornpany has three types of funds for whlth It Is responsible at the year end: Unrestricted Funds - Funds whlch are expendable at the discretlon of the Dirertors In furtherance of the objedlves of the charltable company. In addÉtion, fvnds may be held In order to finance capltal Investment and W01ng capltal. Deslgnatsd Funds - Monles which has been set aslde to o)ver costs should there be a significant and unforeseen redurtion In funding. Restricted Funds - Monles receive(J for Specific purpose5. Such purposes are within the overall aims of the charity. Page 13
Buddy Bear Trust {Charitable Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 August 2025 2. AccoufiTING POLICIES (Contlnued) 2.7 Prpp¢rty. Plant and Equlpment and Deprnciation Property, plant and equipment are initially reconled at cost. Cost includes the origlnal purchase prSce. costs directly attributable to brjnglng the asset to Its worl<ing condition for its Intended use, dlsmantllng and restoratlon costs and borrowlng costs capltalised. Depreclatlon Is provlded at rates calculated to write off the c05t le55 resldual value of each asset over its expected useful life, as follows: Office FurnEture School Equipment Computer Equlpment Leasehold Improvements 15% Straight Llne 25% Reducing Balance 20% Stralght Line 4% Stralght Llne 2.8 Trade and Other Payables Trade and other payable5 are Inltlally recogni5ed at falr value and thereafter stated at cost. 2.9 Taxatlon As a charity, the tharitable company Is not liable to Corporation Tax. 2.10 Cash and Cash EquivJlents Cash and cash equivalents Includes cash In hand, deposlts held at call wlth banks, other short term hlghly liquld Investments wlth origlnal maturftles of three moTrths or less. 2.11 Crftical a¢¢ounting estlmates and Judgements In the applicatlon of the Charfty's accountlng policies, the Trustee5 are required to make Judgement5, estlmates and assumptlons about the orylng value of assets and liabilltles that are not readily apparent from other sourw. The estimates and associated assumptions are based on hlstorical experientr and other factors that are considered to be relevant. Artual results may dlffer from these estimates. The estimates and undedylng assumptions are revlewed on an ongoing bass. Revlslons to accounting estlmates are cOgn[Sed In the perfod in which the estimate is revised were the revision affects only that period, or In the perlod of the revision and future periods were the revlsion afferts l)oth current and future perfods. Criticaljudgements in opplylng the entitys accounting poliae5 There are no crftlcal Judgements In applylng the COMpanS accounting polldes. Critical 47ccounting estimates and assumption5 There are no accountlng e5tlmates In applying the company's accountlng pollcles. Page 14
Buddy Bear Trust (Charitable Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Contlnued) For the year ended 31 August 2025 2. ACCOUNTING POLICZES (Contlnued) 2.12 Financlal Instruments (l) Flnanclal assets Baslc flnanclal assets, Includlng trade and other recelvables. cash and bank balanS and amounts owed by related partles and are Initlally recognlsed at transartlon prtce. unless the arrangement constitutes a financlng transactlon, where the transactlon Is measured at the present value of the future reipts discounted at a market rate of Interest. Such assets are subsequently carrted at amortlsed cost using the effective interest method. At the end of each reporting pedod flnancial assets measured at amortised c05t are assessed for objectlve evldence of Impalment. If an asset is ampaid the Impalmient lo55 Is the dlfference between the carylng amount and the present value of the estlmated cash flows dlscounted at the a55et'5 original effertive interest rate. The Impalrnient loss Is recogni5ed in proflt or loss. If there Is decrease in the impaimient 105$ arfslng from an event occurrlng after the Impalrment was cognISed, the Impalm)ent Is reversed. The reversal Is such that the current carrylng amount does not e¥ed what the carrylng amount would have been had the Impalrnient not prevlously been recognlsed. The Impaim)ent reversal Is re¢ognlsed In profit or1055. Flnancial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b} substantially all the rfsks and rewards of the ownership of the asset a trdnsferred to another party or (c) desplte havlng retslned some slgnlficant risks and rewards of ownership, control of the asset has been transferred to another party who has the practlcal ability to unilaterally sdl the asset to an unrelated thlrd party wlthout imposing additlonal restrictlons. (11) Flnanaal liabilities Baslc financial Ilabllltles, Indudlng trade and other payables, bank loans and overdrafts arJd amounts owed to related parttes are Inltially recognised at transaction price, unless the arrangement constitutes a flnancing transaction. where the debt instrument Is meaSUd at the present value of the future receipts discounted at a market rate of Interest. Debt Instruments are subsequently carrfjed at amortised cost, uslng the effectlve interest rate method. Fees pald on the establlshment of loan facilities are recogn15ed as transactlon costs of the loan to the extent that It Is probable that some or all of the faclllty wlll be drawn down. In thls case, the fee Is deferred until the drBW-down occurs. To the extent there Is no evldence that It Is probable that some or all of the faclllty WIIS be drawn down, the fee is ca&Htallsed as a pre-payment for Ilquldlty seNices and amortised over the perlod of the faclllty to whlth It lates. Trade payables are obligations to pay for goods or servlces that have been acqulred In the ordlnary course of bu5ine55 from 5upplier5. Accounts payable are dassifteé as current liabllities if payment Is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at tran5actlon prlce and subsequently measured at amortlsed cost uslng the effertive Interest method. Pagc15
Buddy Bear Trust (Charitable Company Umited by Guarantee) NOTES TO THE FINANCIAL sfATEMEPtrs (Continued) For the year ended 31 August 2025 2. ACCOUNTING POUCIE5 (Continu¢d) Flnanclal Ilabllltles are derecognlsed when the liablllty Is extlngulshed, that Is when the contractual obllgatlon Is dlscharged, cancelled or expires. (111) Off5ettlng Flnanclal assets and liabilities are offset, and the net amounts presented in the financlal stetements when there is a legally enforceable right to set off the recognlsei1 amounts and there Is an Intention to settle on a net basls or to reallse the asset and settle the liabillty simultaneously. 2.13 Penslon and other post retirement obligations The charity operates a deflned contrlbution pension Scheme which Is a penslon plan under which fixed contrlbutlons are paid Into a pension fund and the charity has no legal or constructive obllgatlon to pay further contrlbutlons even if the fund does not hold 5ufflclent assets to pay all employees the benefits relating to employee service In the current or prlor perlods. Contributions to defined contrlbutlon plans are recognlsed In the Statement of Flnandal Activitie5 when they are due. If contribution payments exceed the contrlbution due for the servlce, the excess Is recognlsed as a prepayment. Page16
Buddy Bear Trust (Charitable Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Contlnued) For the year ended 31 August 2025 3. INCOME AND ENDOWMENTS Unrestrlrted Restslcted Daslgnated Funds Funds Funds 2025 2025 2025 Totsl Funds 2025 Total Funds 2024 Charitable Actlvltles Educatlon Authortty Ardbarron Trust Music Therapy Early Years - The Pathway Fund 127,413 1.000 127,413 1,000 127,350 1,000 6,533 10,000 12.750 12,750 Total Charltable Actlvltles 141,163 141,163 144,883 In¢ome from Charitable Activltles In the year ended 31 August 2D24 was made up of unrestrlcted fLSnds £144,883 and restricted fvnds £ nll. Unrastrlcted Restrlcted D•slgnated Funds Funds Funds 2025 2025 2025 Total Funds 2025 Total Funds 2024 Donations and L¢ga¢les Donatlons Communlty Foundation Mcclay Foundatlon Total Donations and Legacies 21,809 105,400 10,000 31.809 105.400 13,350 109,400 loo,000 227,209 loo,000 237,209 loo,000 222.750 10,000 Income fmm Donatlons and Legacies In the year ended 31 August 2024 wa5 made up of unrestrlcted funds £220,750 and restricted fund5 £ nil Unrestrirted Regtrirted Designated Funds Funds Funds 2025 2025 2025 Total Funds 2025 Total Fund$ 2024 Investment Income Bank Interest Receivable Total Investment An¢ome 8,304 8.304 4,121 8,304 8,304 4,121 Income from Investment IrKome In the year ended 31 August 2025 wa5 made up of entlrely unrestricted funds. P4e 17
Buddy Bear Trust (Charitable Company Umlted by Guararteo) NOTES TO THE FINANCIAL STATEMEpifs {Contlnued) For the year ended 31 August 2025 4. RESOURCES EXPENDED Unrestricted Restrlcted Deslgnated Funds Funds Funds 2025 2025 2025 Total Funds 2025 Total Funds 2024 Charltable Actlvltles Wages and salaries Pension costs Rates and water Insurance Ught and heat Repalrs and malntenance Prlntlng* Postage and statlonery Classroom expenses Photocopier costs Telephone Fundraislng and promotlon costs Accountancy Bank charges General expenses Subscrlpllons Staff Trainlng Depreclation of propertyi plant and equipment Total Resources Expendod 226,712 17,552 3,643 11,347 9,281 5,854 226,712 17,552 3.643 11.347 9,281 5,854 206,139 39,459 6,272 10,507 3,676 1,543 1.543 582 8,810 1.632 1,733 3.120 8,810 1,632 1,733 3,120 12,440 775 1,623 3,91B 6.412 113 2,768 491 6.412 113 2,768 491 11,891 133 2.014 603 2,610 1,167 3,777 6,367 303,621 1,167 304,788 306,459 Expenditure on Charltable Activitie5 in the year ended 31 August 2025 of was made up £304,903 unrestrieted expendfjre and £1,556 restrirted expenditure. Pag¢ 18
Buddy Bear Trust (Charitable Company Llrnlt by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS (Contlnued) For the year ended 31 August 2025 5. NET INCOMEI(EXPENDrruRE) FOR THE YEAR Net Incomel(expendlture) is Stated after charglng/(credltln9): 2025 2024 Depreclatlon of property, plant and equlpment 6. XNDEPENDENT EXAMINER'S REMUNERATION The Independent examlnerfs remuneratlon amounts to an independent examlnatlon fee of £3,600 {2024- £3,150). 7. sfAPF COSTS AND EMPLOYEE BENEFITS The average number of persons employed by the charitsble company durfng the year was 7 (2024 - 7). The total staff costs and employee's benefits was as folloyts: 2025 2024 Wage5 and salaries (including Social security) Penslon costs 226.712 206. 139 244 264 245 598 The charitable company has one employee who received total employee benefits (excludin9 employer penOn costs) of between £70,000 and £80,000 during the re)rtIng period. 7.1 DIREcfoRS' REMUNERATIOII The Directors recelved nor waived any remuneratlon or any other beneflts durfng the year and no relmbursements of expenses Incurred. Pa8e 19
Buddy Bear Trust (Charltable Company Umlted by Guarante¢) NOTES TO THE FINANCIAL sfATEMENTS (Continued) For the year ended 31 August 2025 . PROPERTY. PLANT AND EQUIPMENT Office Furnlture School Equlpment Computer Lea$ohold quipment Improvements Total Cost At 31 August 2024 Addltlons At 31 August 2025 33,565 46,636 41.432 28,623 150,256 33,565 46,636 41,432 28,623 150,256 Depreciation At 31 August 2024 Charge for year At 31 August 2025 31,104 516 40,890 39,160 679 7,774 118.928 122 705 Net Book Values At 31 August 2025 At 31 August 2024 9. RECEIVABLES 2025 2024 Education Authorlty Accrued Income 41,221 42,441 10. PAYABLES: AMouKfs FALLZNG DUE wrrHIN ONE YEAR 2025 2024 Trade payable5 Taxation and social security Accrua15 and other liablllties 4,793 3,036 P4e 20
Buddy Bear Trust {Charltable Company Umit¢d by Guarantee) NOTES TO THE FINANCIAL sfATEMENTS (Contlnued) For the year ended 31 August 2025 11. ANALYSXS OF NFf ASSETS Unrestrlrted Restrlcted Dulgnated Funds Funds Funds 2025 2025 2025 Totsl Funds 2025 Total Funds 2024 Propertyi Plant and Equipment Current Assets Current Liabilitles 26,449 1,102 27,551 31,328 298,000 18,OOQ 200,000 516,000 422,783 308 774 200 000 527 876 445 988 12. ANALYSIS OF FUNDS Openlng Balanc¢ Income ExPendIre Transfer Bet4veen Fund$ Closlng Balance Cash for Klds Llft Appeal Restricted Funds 2,269 (1,167) 1,102 10,269 iO.(M)O (1,167) 19,102 Unrestrlcted Funds 235,719 376,676 (303,621) 308,774 Deslgnated Funds 200.000 200,1)00 Total Funds 386 676 527 876 Cash for Klds Thls was ndIng recelved towards the cost of Installing outdoor play equlpment for chIldn wlth complex need5. Lift Appeal Thls was donations recdved for the purpose of Installing H lift on the ddY Bear premises. Page 21