DoGusign Envelope ID". 41E30c-7S2uc9[K83O1-8D4cA74SA2fjc The Military Wives Choirs Foundation Year Ended: 31 December 2025 Registered Charity Numbers: England and Wales (1148302) and Scotland (SC045217) Registered Company Number: 08089745 (A Company Limited by Guarantee)
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-8D4CA745A26C The Military Wives Choirs Foundation Report And Financial Statements Year Ended 31 December 2025 Contents 1. Charitable Company Information 2. Trustees. Report 2a Report Of Chalr Of Trustees 2b Statement Of Trustees Responslbllltles 3. Independent Exarniner's Report 10 4. Statement Of Flnanclal Actlvltles 5. Staternent Of Flnancial Positlon 12 6. Statement Of Cash Flows 13 7. Notes To The Accounts 14
DoGusign Envelope ID". 41E32AOC-752B-8C9tk8301-BD4CA745A26C Charitable Company Information Registered Company Number 08089745 Registered Charity Numbers England And Wales: 1148302 Scotland: SC045217 Registered Office Queen Elizabeth House, 4 St Dunstan's Hill, London, EC3R 8A0 Professional Advisers Independent Examlner: Moore Kingston Smith 9 Appold Street London, EC2A 2AP Sollcltors: Bates Wells 10 Queen Street Place London EC4R 1 BE Bankers: Coutts & Co 440 The Strand London WC2R OQS
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C The Military Wives Choirs Foundation 2. Trustees, Report Constitution The Military Wives Choirs Foundation I'the MWCF'I was incorporated as a company ITmited by guarantee on 30 May 2012, and it is governed by its memorandum and article5. The Foundation was registered as a charity with the Charity Commission in England and Wale5 on 25 July 2012 and as a charity with the Office of the Scottish Regulator on 5 November 2014. The Trustees, who are also the Foundation's Directors, are: E Phillips Acox S Deans C Paxton C Hallatt S Lord A Peace Gadsby J Weatherall W Tang E Mcwhirter J Foley G Edwards A.M Trevelyan M Dodd J Fountain-Booth C Jones (resigned 30 January 20251 (resigned 24 January 20261 (resigned 31 October 2025) {re5igned 9 April 20251 (resigned 20 August 20251 (appointed 24 April 2025 (appointed 24 January 2026) (appointed 24 January 20261 (appointed 24 January 20261 Introduction The Military Wives Choirs Foundation (MWCI has now completed its third year of operation as an independent charity. Our purpose remains to create a support network through the power of singing for women with a military connection. The mission, Sing, Share, Support, sits at the heart of everything we do. Our core offer to beneficiaries is the opportunity to join a local Military Wives Choir and make music every week, to perform nationally as part of 'once in a lifetime opportunities, that come to us as the performing artist 'The Military Wives Choirs, and to be mentored in a variety of voluntary roles within our netYrk that help brush up or develop skills that enhance employability. Through membership of our choirs our beneficiaries find a familiar 'home' in unfamiliar surroundings and a network of 'choir sisters, women who understand the challenge5 of military life, who can offer support and advice when needed. We are an upper register network of choirs with no auditions needed to join.
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C This year has been characterised by raising our profile nationally to enhance recruitment and attract key opportunities for the network. We introduced a new Artistic Director, Joanna Tomlinson, who has brought an energy and confidence to our network and recruited 1 new Trustee in 2025. We have continued to frKus on a low operational cost base and tight cost control, while achieving some major milestones toward realising our strategy. laying the foundations for a more secure future for the charity and ensuring delivery of core services to beneficiaries. Strategic Development Through 2025 we remained focused three key goals: Wellbelng - using the power of singing to reduce la1 isolation, increase confidence and improve wellbeing, ensuring our musical strategy provides an inclusive and enriching experience. Delivering and participating in a variety of projects and opportunities designed to raise the profile of the charity, generate income, and provide 'once in a lifetime, experiences. Sustalnablllty - securing the longer-term future of MWC by building a reliable funding pipeline, maintaining robust cost control, and strengthening the choir network. We are committed to maintaining and strengthening our relationship with SSAFA while looking to cultivate enduring relationships with other corporate and charitable organisations and high.net-worth individuals to provide funding to cover our annual costs, replenish reserves and f und key projects. Growth - growing our network to bring the benefits of singing to a wider audience withSn the population of women impacted by their military connection. This is particularly focused on increasing our inclusion, diver51ty, and acce55ibility by reaching a broader demographic across the military community in terms of age, ethnicity and physical or mental ability, with a particular focus on serving and younger women and women in a variety of ethnic communities that are currently under-represented in our network. Strategy Realisation Network Development Our network now consists of 72 choirs spread across the globe, with two new ones being added in 2025, in Leconfield and our first online Virtual Choir for those who do not have a physical choir within easy reach. The majority of our choirs remain based in the UK, however we continue to have 10 choirs overseas in key military locations in the Falkland Islands, Cyprus, Kenya, Turkey, Belgium, Canada and Gibraltar. While we add new choirs where there 15 local demand and need, our focu5 15 on building and strengthening existing choirs to ensure every week we have sufficient singers to cover the standard 3 parts in the arrangements in our repertoire and provide a rich singing experience. Our network ha5 continued to grow, and we exited 2025 with just under 1800 choir members. Work this year has given better insight into the composition of our beneficiary population and to understand the movement of members between choirs which has helped inform our recruitment approach.
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C Each of our choirs has a professional hlusical Director who structures the weekly music.making experience. The quality of our Musical Directors is assured by our Musical Development and Wellbeing Manager and our Artistic Director. This year we had a 8.45% turnover in our MDS and recruited 7 new MDS. In addition to an MD, each choir has a volunteer Committee with a variety of roles depending on the size of the choir but covering a range of functional skills including leadership, finance, recruitment, event management, PR, communication, social media, mental health awarene55 and music management. We have provided mentoring and virtual training reaching 139 members of the network in committee roles to ensure good governance and consistent running of the choir5. This upskilling increases confidence and can help those who want a gateway to employment. Attendees reported a 93% increase in their understanding of their role. a 93% increase in their confidence in their role and overall satisfaction with training of 89%. This year we engaged 508 members of our network in 18 national performances, a 50% increase on last year, including performances on ITV'S This 114)rning for D Day, D Day 80 Commemoration at the Scottish Parliament, RBL'S London Poppy Day and Livery Dinners for both the Coachmakers and Makers of Playing Cards. One of the highlights this year was contributing to the vocals for Military Wives, the Musical which premiered in York, singing on opening night and involving a number of members in various press calls in the run up to the launch. The second was our own concert in Stamford in collaboration wth the Military Kids Choir. This is in addition to over 696 performances organised locally by our choirs. We have continued to push our external communications on social media across Linkedin, Facebook and Instagram. Social media activity Is aimed at driving recruitment, donations, bookings, nationally or locally, or playing our music, all key to sustaining the charity. As a result we have seen greater awareness of our brand and a better flow of opportunities for our choirs. Charlty Development In our third year of operation as an independent charity we continue to strengthen our governance and fundraising to ensure that this small charity with a national and international reach has the oversight, structure and funding appropriate for future operation. With 3 sub committees now an established structure for board operations. key strategic areas are now clearly defined as Musical Development and Wellbeing, Finance, Fundraising and Governance and PR, Communication and Social Media. Each Committee meets 4 times a year to ensure operations and initiatives are aligned with our strategy and budget and are compliant with all relevant regulation, recommending key topics for full Board approval as appropriate. The voice of our beneficiaries is present in all that we do through a Regional Voices Group with representatives from each of our 10 regions. Our 15 Regional Voices representatives communicate regularly with a fixed group of choirs, acting as a first tM)rt of call for advice and meet regularly with the Choirs Support Team and wth Trustees four times a year to explore issues and development of our network. This representation is in addition to visits to choirs and meeting
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C members at events. The Lead and Vice Lead of the Regional Voices Group sit on the Board as Trustees. We are grateful to SSAFA for their continued operational support in some key areas and the ongoing development of this valuable partnership continues. 5SAFA are providing accounting support, and we continue to use their office space. Structure, Governance, and Management The MTlitary WTves Choir5 FoundatTon has its own Board of Trustee5 and TS considered an independent charity for the purposes of charity law. Trustees During 2025, the Board met 6 times. The Trustees are listed on page 3. As per our governing document, the Board comprises at least three Trustees, but not more than 12. A Trustee can be appointed for a term of up to three years. A retiring Trustee may be re-appointed for a further term of up to three years. Once a trustee has served two terms consecutively, he/she may only stand for re-election so long as they have taken a break of at least one year from membership of the Board of Trustees following their consecutive term. Each member guarantees to pay £1 in the event of the winding up of the Military Wives Choirs Foundation. The Board undertake an annual skills audit to review the skills and perfomiance of the Board and to identify skills gaps and emerging skill needs. Our Trustees follow a structured induction proce55 for new Board members which covers both buildlng an understanding of the charity but also essentlal guidance from the Charity Commission guidance on what is expected of a Trustee. Mllltary Wlves Cholrs Foundatlon Structure We have continued to use a combination of full and part-time roles with different skills and experience to maintain the breadth of skills required to deliver all functions of the charity. The team now has 4.6 including the CEO, Wellbeing and Musical Development Manager, Fundraising Lead and Event Lead and 'liquid' resource with part-time hours, as required, covering Finance and Data, IT and social media. Choir Governance Each choir committee in our network is elected annually from the choir members and are appointed by nomination and a choir vote at each choir's Annual General Meeting. Each choir appoints, as a minimum, a Chair, a Secretary, and a Treasurer. Each choir member signs our charter when they join binding them to our code of conduct and the rules and procedures of the charity.
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C Every choir maintains its own bank account. but all choirs are wholly part of the Military Wives Choirs Foundation and Submit their annual accounts for scrutiny at the end of each financial year. We are in the prc(ess of migrating all choir bank accounts to Holts to make changeover of signatories easier for choirs and to give greater transparency of local choir funding. The majority of our choirs are now with Holts with only 1 UK based choir still to transfer. Flnanclal Revlew A summary of the results for the Military Wives Choirs Foundation for the year is given on page 11 of the financial statements. 2025 was a year that saw the total surplus of funds increase from £157,370 to £229,255. Unrestricted trading in the year had a surplus of £62,719, and overall unrestricted reserves at the end of 2025 increased to £174,101. It is with grateful thanks that we acknowledge the support of our key funders. Adrian Swire Charitable Trust SSAFA Scottish Veterans Fund The Veterans, Foundation The Big Give Enterprise Reserves Pollcy The trustees have agreed a policy of maintaining free reserves to ensure operational expenditure of three to six months is covered. This target is met in the centre, with the regional choir network raising sufficient funds through Ferfonnances and subscriptions. Rlsk Management The trustees have considered the key risks affecting the Military Wives Choirs Foundation and will continue to record these in a risk register that is reviewed by both the Finance, Fundraising and Governance Committee and the Board to ensure relevance and appropriate mitigating responses. The financial viability of the Foundation has been addressed through cost-cutting and agreement with the organisation's Social Investor SSAFA. Public Benefit The trustees are confident that they comply with the Charity Commission's guidance on public benefit.
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C Going Concern SSAFA has loaned £264,250 in the Foundation as a social investment furthering its charitable objects of prowding welfare to current and former members of the British Armed Forces and their families. SSAFA has signed a letter of 5UPPOrt and undertaken not to demand repayment of its investment until at least twelve months from the approval of these financial statements. Furthermore, SSAFA has undertaken to make a grant of £90,(KK) over the course of 2026 to enable it to meet its liabilities on the understanding that MWC makes a payback of 1% on unrestricted funds at 31st December 2025 with interest on 0.005% of that to be added. The Trustees have prepared budgets and forecasts for the 12 months following the approval of these financial statement5 and believe the Foundation will have sufficient resources to operate for the foreseeable future. On this basis the Trustees consider that the Foundation is a going concern. Accordingly, the financial 5tatement5 have been prepared on a going concern basis. Small Company Exemption Thi5 report has been prepared in accordance with the special provi5ion5 of Part 15 of the Companies Act 2006 relating to small companies and the Directors have also taken advantage of the small company exemption not to prepare a Strategic Report. Statement of Trustees, responslbllltles The Trustee5 (who are also directors of The Military Wives Choirs Foundation for the purposes of company lawl are responsible for preparing the Trustees. Annual Report and the financlal statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affair5 of the charitable company and of the incoming resources and application of resources, including the incoming resources and application of resources, of the charitable company for that period. In preparing these financial 5tatement5, the Trustee5 are required to: select suitable accounting policie5 and then apply them consistently. observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company wll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2CMJ6, They are also responsible for safeguarding the a55ets of the
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved and authorised for issue by the Trustees on 8n12026 49&rA?9tsAFa FCCFBF9B9FW74.. Caroline Paxton Chalr of Trustees Alex Cox Trustee
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C Independent examinevs report to the trustees of The Military Wives Choirs Foundation ('the Company.) I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025. Responsibilities and basls of report As the Iruslees of the Company land also tts directors for the wrposes of company18wI you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment IScoll8ndl Act 20051'lhe 2005 Act,), the Charities Accounts {Scotlandl Regulations 2006 las amended) and the Companies Act 20061'lhe 2006 Act'l. You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent ex8minab'on. Having satisfied myself that the 8ecounls of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 44 {11 I cl of the 2005 Act and section 145 of the Charities Act 2011 {'Ihe 2011 Act'l. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts IScolland} Regulations 2006 las amended) and the Directions given by the Charity Commission under section 145lSllbl of the 2011 Act. Independent examlner's statement Since the Company is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11121 of the Charities Accounts Iscollandl Regulations 2006 {8s amended). I can confim that l am qualified lo undertake the examination be¢au$e l am a registered member of the ICAEW whi¢h 1$ one of the li$ted bodies. I have completed my examination. I confim) that no matters have come to my attention in connectlon with the examlnallon giving me cause to believe that in any material respect.. accounting reeords were not kept a$ quired by $e¢tion 386 of the 2006 Act and Regulation 4 of the 2006 A¢¢ounls Regulations., or 2. the accounts do not accord with those records with the accounting requirements of Regulatlon 8 of the Charities Accounts Iscollandl Regulations 2006., or 3. the accounts do not comply with the a¢¢ounting reqU1ments of Section 396 of the 2006 Act other than any requirement that the account$ give a 'true and fair view which is not a matter considered 8$ part of an independent exarnination., or 4. the accounts have not been prepared in a¢¢tydance wilh the melhixls and principles of the Statement of Recommended Praelice for 8ceounling and reporting by charities applicable lo ch8rib.es preparing their 8eeounls in aeeordan¢e with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no ¢on¢erns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. t'wwtsup Independent Examiner For and on bBhalf of Moorg Kingston Smith LLP 6th Floor g Appold Street London EC2A 2AP Date.. 81712026 10
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARY WIVES CHOTRS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Note Unre5trirted Fund Restrirted Funds Total 2025 Total 2024 INCOME Voluntary Income: Donation5 and contribution5 Grants receivable 167,648 104,837 167,648 191,837 105,104 263,122 87,1)JO Total voluntary income Income from charltable actfyltles: 272,485 87,000 359,485 368,226 Subscriptions Performance related income Other charitable income Royalty Income 292,404 30.774 1,957 8,637 292,404 30,774 1,957 8,637 254,557 86,548 2,224 11,597 Total income from charitable activities 333,7n 333,772 354,926 Total Income 606,257 87,000 693,257 723,152 EXPENDITURE Costs of ralsln8 funds Fundraising and promotion 9,563 9,563 26,262 Charltable actlvltles Choir welfare, support and development 533,975 77,834 611,809 677,377 Total charitable activities 533,875 77,834 611,809 677,377 Total expenditure 543, 538 77,834 621,372 703,639 Net Incomel{expendlturel 62.719 9.166 71.885 19.513 Total funds brought forward at 1 January 111,382 45,988 157.370 137,857 Total fund5 carried forward at 31 December 174.101 55.154 229.255 157,370 All amwnts relate to conrinulng actfvfjties. The company has no gains or losses other than the Ult for the year. The acC0rnpanllg accountln8 policies and notes on page5 14 to 20 forffl an integral part of these financial Statements.
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C MILITARY WIVES CHOIRS FOUNDATION STATEMENT OF FINANCIAL POSITION Registered Company Number 08089745 AS AT 31 DECEMBER 2025 Note5 2025 2024 FIXED ASSETS Tangible fixed assets 10 CURRENT ASSETS Debtors Cash at Bank and In Hand 11 2,528 501,924 504,452 5.353 435,491 440,844 Creditors: Amounts falling due within one year 12 1275,7971 1284,2741 Net current assets 228.655 156,570 Total a55ets le55 current Ilabllltles 229,255 157,370 NET ASSETS 229,255 157,370 THE FUNDS OF THE CHARITY: Unrestricted income funds Restricted Income funds 13 13 174,101 55,154 111,382 45,988 TOTAL CHARITY FUNDS ZZ9,255 157,370 For the financial year ended 310ecember 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2Crf)6. The directors acknowledge their responsibilities for complw'ng with the requirements of the Act in respect to accounting records and the preparation of the financial statements. The members have not required the charity to obtsin an audit of its financial statements for the year in question in accordance with section 476. The financial statements have been prepared in accordance with section 44 of ihe Charities and Trustee Investment (Scotlandl Act 2005, the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts quired by the Companies Act 2006 and a for circulation to the members of the company. The note5 on pages 14 to 20 form part of Ihese accounts. The financial statements were approved and auth¢xi5ed for issue by the Trustees 8 July 2026 and si8ned on 8 July 2026 by.. l(L?th on Trustee Chair of Trustees 12
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C MILITARYWIVES CHOIRS FOUNDATION STATEMENT OF CASH FLOWS Registered Company Number 08089745 AS AT 31 DECEMBER 2025 Note5 2025 2024 Cash flows from operatlng actlvltles Operating profit for the year 71,885 19,513 Adjustments for: Depreciation Decrease in debtors IDecreasellincrea5e in creditors 200 11,339 5,606 2,825 8,4771 Net cash from operating actlvitles 66,433 36,658 Cash at be8lnnln8 of year 435.491 398,833 Cash at end of year 501,924 435,491 There Is no net debt. 13
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARY WIVES CHOIRS FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 COMPANY INFORMATION The company was incorporated on 30 May 2012 as a company limited by guarantee. The key objective of the MWCF 15 to relieve the need. suffering and distres5 of mernber5 and forrner rnembers of the arrned forces, their partners, spouses and other family members, principally through the forrnation, support and development of choirs Ipredc¥ninantly military wives choirs). We are first aThJ foremost a welfare organisation. 2 BASIS OF PREPARATION These financial statements have been prepared in accordance with applicable United Kingdom accounting 5tandard5, including Financial Reporting Standard 102 - The Financial Repxting Standard applicable in the United Kingdom and Republic of Ireland, I'FRS 102,1. the Charities SORP IFRS 1021 and with the Companies Act 2¢X16. The financial statements have been prepared on the historkal cosi basls. The company wa5 controlled by its ultimate parent undertaking, the Soldier5, Sailors, Airmen and Farnilie5 As50Clation Forces Help, a charity incorporated under Royal Charter, until it resigned its sole membership at 315t December 2022 with all then serving trustees being appointed members of the MWCF under paragraph 12.5 of its Artlcles of Association. The Charily constilutes a publlc benellt entity as deflned by FRS 102. The financial statements are Presented in Sterting 1£). Goln8 Concern The MWCF became an independent charity on 31 December ZOZZ when its previous parent charity, SSAFA, resigned it3 501e rnembership of the MWCF. SSAFA ha5 invested £264,Z50 in the Foundation a5 a Social investment furthering its charitable objects of providing welfare to current and former members of the British Armed Forces and their families. Furthermore, SSAFA has undertaken io grant ihe ¢h)rlty 10 £90.CQ) over ihe ¢ourye of 2026 ¢0 enable It to meet Its liabilities. The Trustees have prepared budgets and forecasts for the followin8 12 months and believe the Foundalion will have sufficient resources lo operate for the loreseeable future. SSAFA has signed a letter of 5UPPOrt and ha5 undertaken not to demand repayment of its investment until at least twelve months frorn the approval of these financial statement5. On this basis the Trustees consider that the Foundation is a going concem. Accordingly, the financial statements have been prepared on a going concern basls. 3 SIGNIFICANT JUDGEMENTS AND ESTIMATES Preparation of the financial Statements require5 rnanagement to make signilicant judgements and e5timate5. Income includes voluntary donations from perfomiances, and the Charity recognises Ihese in the period in which the event occurs even if the arnounts are not paid until ihe following year. 14
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARY WIVES CHOIRS FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 4 ACCOUNTING POLICIES The principal accounting p)licies adopted in the preparation of these financial statements are as follows: 4.1 Tan8lble flxed assets Tangible fixed assets are stated at cosi and depreciated in equal instalments fr the year (Jf purchase. Music equipment is depreciated over 5 year5 except for pianos whith are depreciated over 10 years. Addition5 valued at less than 12,CKKJ are written off in the year of purchase. 4.2 Incorne All incorne is included in the Statement of Financial Activities ISOFAI when the MWCF is legally entitled io the incorne, there is probability of receipt and it can be rneasured with sufficient reliability. Grants recelvable are recognised when the foundatlon has an entitlement to the funds. the amounts can be quantifled rellably, and It Is probable ihat the Income 11 be recelved. Voluntary wbxr6prions from members are recognSsed when paid. Government grants relating to revenue are recognT5ed in income on a systematic basis over the periods in which the entity recognises the assoclated cosis for which the grani Is intended to compensate. 4.3 Expendlture Expendlture Is recognlsed Sn ihe year in which It Is Sncurred and Includes attfibutable VAT whl¢h cannot be recovered. Expendlture Is recognlsed when the MWCF has entered into a legal or ¢onsiructlve obligatlon. Support costs are those function5 which assist the charily but do not ditlY undertake charitable activities. These include back-office costs, flnance, costs Incurred by the Choirs and governance costs. 4.4 Debtors short term debtors are measured at transaction price, less any Impairment. 4.5 Credltors short term trade creditor5 are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. 4.6 Fund accounting Unrestricted fund5 are those freely available for u in pursuance of the MWCF'5 general objfft5 of the charity. Restricted funds are funds to be used only for the purF)se5 specified by the donor. 4.7 Glft Ald The Company has adopted a policy of rec¢)gnising dat7(lS fri)m fellow group undertakings when received. 15
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARY WIVES CHOIRS FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 4.8 Pension costs The Company operates a defined Contributi scheme. Contributions to the COM[ly'S nsiOn scheme are charged to profit and loss in the peri to which they relate. DONATIONS AND GRANTS 2025 2024 Donatlon5 and contrlbutlons Donatlons collected by Cholrs Other donations 160.081 7,567 167,648 83,311 21,793 105,104 All donatlons and conirfbullons In both years are UntrICted. Grant5 recelvable Rest(led grants 87.LD) 133,020 Unrestrlcted grants 104,837 191,837 130,102 263,122 6 CHARITY WELFARE. SUPPORT AND DEVELOPMENT Unrestricted Restricted Total 2025 2024 Supporting choirs with their development Fees - Directors, Artists and Music Other music and performance costs Website development, IT and hosting costs Recruitment Salaries (recharged - Note 91 Travel, meeting costs and other expenses Legal and professional fees DeplatIOn and loss on dissxjsais Support costs Governance costs (see Note 71 12.752 208,553 121,013 14,169 12,752 208,553 139, 342 14,865 30,241 197,058 188,063 13,209 3,400 180,552 31,307 3,621 200 20, 145 9,581 677,377 18,329 696 143.359 1.354 288 200 24,(K15 8,281 533,975 57,750 201,109 918 1,206 211) 24,1CKJ 8,281 611,809 95 77,834 16
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARYWIVES CHOIRS FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 GOVERNANCE COSTS 2025 2024 Audlt and examination fees Trustee5' e¥pen5es Other Independent 5.507 9,179 1,641 1,133 8,281 291 9,581 Trustee expen5e5 relate to reimbursement and costs in resFect of attendance of Trv5tees' meetings for 5 Trustees during the year12024: 5 Trusteesl. NET EXPENDITURE FOR THE YEAR Net expendlture for the year Is after char8lng: 2025 2024 Audit fee5 Independent examination fee5 Depreciation 9,179 4,950 2(KJ 200 STAFF COSTS AND TRUSTEES REMUNERATION None of the trustees received any emoluments in respect of services to the MWCF. 2025 2024 Wages and salarie5 National Insurance Employers Pension costs 175,397 10,890 158,841 11,497 201, 109 180,552 Staff numbers There was 1 12024 - none) higher-paid staff in 2025 receiving emoluments of between £60,000 and £70,000 per annum. The key management personnel cc¥nwse of the managing director. The cost of emplowng management personnel was £74,645 12024 - £70,145) 17
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARYWIVES CHOIRS FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 10 TANGIBLE FIXED ASS$ Equipment Piano Total Cost Brought forward at 1 January 2025 2,460 4,460 Carried forward at 31 December 2025 2,460 2,(KJO 4,460 Depreclation Brought fOard at 1 January 2025 CharBe for the year Carried forward at 31 December 2025 2,460 1.2CrfJ 200 1,400 2CQ 3,860 2,460 Net Book Value at 31 December 2025 600 600 Net Book Value at 31 December 2024 800 11 DEBTORS 2025 2024 Other debtors 2,528 2,528 5,353 5,353 12 CREDITORS: Amounts falling due within one year 2025 2024 Trade creditors Amounts due to social investor Tax and 5(Kial security Accrua15 and deferred income 114 264.250 5,083 6,350 3,225 262,261 2,215 16,573 275,797 284,274 Arnounts due to the 5Kial investor are repayable on demond and interest-free. 18
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARY WIVES CHOIRS FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 13 ANALYSIS OF RESTRICTED FUNDS At1 Jan 2025 Income Expenditure At31 Dec 2025 Govemrnent funding Other restricted grants 15,258 30.730 118,6621 159,1721 36,596 18,558 47.C(rfJ Toial re5tr6cted funds 45.988 87,C((J 177,8341 55,154 At1Jan 2024 Income Expendlture At31 Dec 2024 Govemment fundlng Other restrlcted grants 16,355 53.CO) 43,260 89,760 144,3571 1112,0301 15,258 30,730 Toial restr6cted funds 69.355 133,020 1156,3871 45,988 There are no endowment funds. Other resiri¢ted fvnds Include fvnds frthn benevolent funds to enable training, support and devel¢¥J reglonal ¢holrs and to support the RegiMal Voices Group, the organisaiion's representative body. At1Jan 2025 At31 Dec 2025 Income Expendlture Unrestricted funds 111 382 543 538 174 101 At1Jan 2024 At31 Dec 2024 Income Expendlture Unrestricted funds 68,502 590,132 1547,2521 111,382 19
DoGusign Envelope ID". 41E32AOC-752PAC9tk8301-BD4CA745A26C THE MILITARYWIVES CHOIRS FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 14 ANALYSIS OF NET ASS5 BEfwEEN FUNDS Unrestricted Fund5 2025 Total Fund5 Restricted Funds Tangible fixed assets Current assets Current liabilities Total funds 600 449,298 1275,7971 174.101 600 504,452 275,797 229,255 55,154 55.154 Unrestrlcted Funds 2024 Total Funds Restrlcted Funds Tangible fixed assets Current assets Current liablllties Total funds 800 440,844 284 274 45,988 157,370 394,856 284,274 111,382 45,988 15 RELATED PARTY TRANSACTIONS There were no related party Iransaclions during the year. 16 ULTIMATE CONTROLLING PARTY The Trustee5, who are also the members, ¢S1er ihere to be no ultimte controllin8 Party at 31 December 2025 or at 31 December 2024. 17 FUTURE COMMITMENTS The MWCF had no formal agreed commitments or contractual ctJligation5, or contingent liabilities as at 31 December 2025 12024.. Nill. 18 CORPORATION TAXATION The MWCF is exempt from tax on income and gains falling wihin Sectlon 505 of ihe Taxes Act 1988 or sectlon 252 of the Taxes and Chargeable Gains Act 1992 to the extent ihai ihese are applied io its chariiable objectives. 20