The Delight Makers Foundation

	Page
Trustees' Report	1—4
Statement of Financial Activities (including Income and Expenditure Account)	5
Balance Sheet	6
Notes to the Financial Statements	7—12

The trustees present their report and the financial statements for the year ended 30 April 2025.

Objectives and Activities

Aims and Objectives

To advance the education of the public in particular, but not limited to, the subjects of human consciousness, wisdom, peace and enlightenment;

To advance the arts, culture and heritage for the public benefit;

To relieve those in need in particular through the use of self awareness techniques;

To advance in life, educate and to relieve the needs of young people in particular but not limited to the provision of support and activities which develop their skills capacities and capabilities and which should enable them to participate in society as mature and responsible individuals;

To promote for the benefit of the public of the conservation protection and improvement of the physical and natural environment; and

To promote such other charitable purposes (charitable under English law) as the Trustee sees fit from time to time.

Significant Activities

The charity's most significant current activity is the ownership of the Sgt Peppers Gypsy Caravan (previously owned by John Lennon) - the overarching plan is to fund raise, restore the caravan and film the process, tour with the caravan and fund projects promoting peace.

The caravan is being restored by Dove Tale Joint Limited, a company which is under common control. In prior years, the charity prepared for the caravan restoration to commence, inspecting the caravan in the restoration base, and, excitingly, discovering that the original designs of the 1967 creation are evident beneath the paintwork applied in the 1980s. The wood has all undergone extensive pest prevention treatment and jigs have been built so that each of the pieces could be put into position and pattern boards could be built. Pattern boards enable the construction of replacement pieces for the missing or irreparably damaged parts. The original wood pieces have been brought in to condition for restoration through a heat and humidity controlled environment. Analysis of the components of the caravan was carried out to establish the various eras of its evolution from the 1900s, 1960s and 1980s. We sourced specialist woods, such as antique pitch pine, for the replacement parts and these were 'put to stick' to acclimatise them to match and integrate with the original woods.

Research undertaken led, amazingly, to the discovery of the original 1900s Thomas of Chertsey workshop and artisans that made the original caravan. We had custom tool smade to replicate the patterns and fault lines in the original construction of the caravan. The caravan is now a bit like a flat pack system, with replacement pieces made and original pieces treated, so that they can be reintegrated through a jig. Work to make the replacement pieces, and pieces to be fused to the original pieces began. With the custom made tools this has allowed the replacement pieces of the caravan to be created in perfect alignment and with energy lines matching the original parts of the caravan. There are hundreds of pieces involved!

Both restoration and filming of the restoration began in the 2018 period. During the restoration, in 2022, a significant discovery was made within the caravan. The discovery broadened the understanding of the caravan and the in-depth research. The findings are additionally being recorded and documented for further evaluation. Further consideration is also now being given as to how the findings may impact the Peacing Together project vision.

The search continues for possible partners and projects to support once the caravan restoration is complete and touring begins.

Public Benefit

The trustee has given due regard to guidance published on public benefit, and consider that the charity's objects include objectives for the public benefit. Further consideration is given to this below.

The trustee confirms that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

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The Delight Makers Foundation

Trustees' Report (continued)

For The Year Ended 30 April 2025

Main Achievements

The charity became the legal owners of the Sgt Peppers Gypsy Caravan (previously owned by John Lennon) in June 2014. With the authentication, provenance and ownership confirmed the charity is now in the position of being able to commit to the development of the Peacing Together project which will not just restore this unique cultural icon, but transform it into a catalyst and totem for a message of peace.

The Peacing Together project is the restoration and documentary of John Lennon's Sgt Peppers Caravan for a number of peace initiatives. The potential of this project is significant in its range of possible mediums to reach out to the public. The initial investigation into the Beatles market alone suggests a potential reach to many millions of people and so careful planning and consideration of partners has been needed to ensure that the caravan is preserved and protected as a unique and special asset, and to further establish strong commercial partnerships that can help the charity to develop the beautiful projects through which the public can enjoy and interact with the caravan.

The whole of 2017 was spent trying to find the right investment for the restoration and the documentary film. A number of offers were received and the Trustees went quite a long way down the line with a number of potential venture capitalists in terms of contract negotiations. In the end, the Trustees decided not to go with any of the deals as potentially no funds would have been generated for the charity. The decision was made to try and self fund the restoration. The Delight Makers Limited (DML, a company owned by Ms Koshare-Edouardes) began acting as the fundraiser and financier for the film, raising seed funding through a special purpose vehicle film company, Dove Tale Joint Limited (DTJ, also a company owed by Ms Koshare-Edouardes). This approach will provide the charity with greater control of the film.

DML's plan is to generate sponsorship, which will go towards the restoration of the caravan, make the film and get the caravan on the road for its tour. Included within the sponsorship is some very special handmade jewellery - waste fragments were taken from the caravan restoration and set in to jewellery. This is the Piece Keeper Collection. Sales of the collection have showed promising signs of both revenue generation and overall interest in Beatles memorabilia for the fifth year in a row. The restoration work is being undertaken and filmed by DTJ.

The charity was originally set up to complete two main projects - the vision of Peacing Together and Bedtime Stories. The latter was a project put on hold to take on the caravan, with the idea being that the caravan would be restored and sold to generate funds for the project. However, when we traced the story of the caravan we discovered that its origins were in bedtime stories; John Lennon's favourite childhood story was Wind in the Willows. This was a real 'goosebumps' moment for the Trustees; the link couldn't have felt more magical. Also, we noted an interview that John Lennon gave in 1972, in which he said that when he was older he wanted to write children's bedtime stories, a dream stolen from him, but one that we felt we could now pick up the torch for. So Bedtime Stories fits perfectly into the caravan project, it becoming a literal vehicle for a better world story; we envisage that we can invite storytellers to come and tell stories, sing songs, read poetry from the caravan. The Bedtime Stories project was relaunched now the caravan restoration is underway.

The Peacing Together project continues to be in motion, the charity has begun researching potential charity partners and developing the outline for the first project. The concept in development is a collaboration book by writers of mixed abilities, from school children to professionals, to 'Piece Together' a book, or possibly a collection of books. It is thoughts the book(s) will contain short stories, songs and poetry in the style of John Lennon and The Beatles, the content of which will relate to the caravan's inspiration and origin.

Financial Review

Reserves Policy

The Trustee should reserve enough to meet 6 months overhead expenditures (which are very low) and ensure that each project is fully funded.

Going Concern

The charity's operations are currently funded by the trustee and other companies under their common control. The trustee has confirmed that they, and the companies under their common control, will continue to support the charity to enable it to meet its liabilities as and when they fall due. For that reason the accounts have been prepared on a going concern basis.

Structure, Governance and Management

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

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The Delight Makers Foundation

Trustees' Report (continued)

For The Year Ended 30 April 2025

Trustee Selection Methods

Where new trustees are required, the relevant skills necessary would be considered and the appropriate person approached from the existing trustee's network of contacts.

Reference and Administrative Details

Trustees

S Koshare-Edouardes - Director

M Edwards - Director (resigned 21/07/2024)

Charity Number

1146973

Company Number

07107304

Accountants

BWBCA Limited

Office 44

A30 Business Centre

Okehampton

Devon

EX20 1BG

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The Delight Makers Foundation

Trustees' Report (continued)

For The Year Ended 30 April 2025

Statement of Trustees' Responsibilities

The trustees (who are also the directors of The Delight Makers Foundation for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable 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 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.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

S Koshare-Edouardes

Trustee

27 April 2026

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The Delight Makers Foundation

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 April 2025

Statement of Financial Activities (including Income and Expenditure Account)

		30 April 2025	30 April 2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	-	32

EXPENDITURE ON:
Charitable activities:	4
Peacing Together		(3,205 )	(4,293 )

NET EXPENDITURE		(3,205 )	(4,261 )


NET MOVEMENT IN FUNDS		(3,205 )	(4,261 )
RECONCILIATION OF FUNDS:
Total funds brought forward		364,041	368,302

TOTAL FUNDS CARRIED FORWARD	12	360,836	364,041

The notes on pages 7 to 11 form part of these financial statements.

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The Delight Makers Foundation

Balance Sheet

As At 30 April 2025

Balance Sheet

		30 April 2025	30 April 2024
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Heritage Assets	8	400,000	400,000

		400,000	400,000
CURRENT ASSETS
Debtors	9	2,659	2,659
Cash at bank and in hand		-	20

		2,659	2,679
Creditors: Amounts Falling Due Within One Year	10	(41,823 )	(38,638 )

NET CURRENT ASSETS (LIABILITIES)		(39,164 )	(35,959 )

TOTAL ASSETS LESS CURRENT LIABILITIES		360,836	364,041

NET ASSETS		360,836	364,041

FUNDS OF THE CHARITY
Unrestricted Funds		360,836	364,041

TOTAL FUNDS	12	360,836	364,041

For the year ending 30 April 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of trustees on 27 April 2026 and were signed on its behalf by:

S Koshare-Edouardes

Trustee

The notes on pages 7 to 11 form part of these financial statements.

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The Delight Makers Foundation

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

The Delight Makers Foundation is a company limited by guarantee, incorporated in England & Wales, registered number 07107304 and registered charity number 1146973 . The registered office is .

The presentation currency of the financial statements is the Pound Sterling (£).

The previous period covered 17 months, therefore the comparatives are not directly comparable.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2.4. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

2.5. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure - other

These are costs attributable to the managementof the charity's assets, organisational administration and compliance with constitutional and statutory requirements.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% on cost

2.7. Heritage Assets

Heritage assets are not depreciated. An annual impairment review is carried out.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.9. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

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The Delight Makers Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

3. Income from Donations and Legacies

	30 April 2025	30 April 2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	-	32

4. Analysis of Expenditure

			30 April 2025
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Peacing Together	2,000	1,205	3,205

			30 April 2024
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Peacing Together	2,833	1,460	4,293

5. Support Costs

	30 April 2025
	Peacing Together
	£
General administration	1,205

	30 April 2024
	Peacing Together
	£
General administration	1,460

6. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

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The Delight Makers Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 May 2024	3,250

As at 30 April 2025	3,250

Depreciation
As at 1 May 2024	3,250

As at 30 April 2025	3,250

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	-

8. Heritage Assets

	Other
	£
Cost or Valuation
As at 1 May 2024	400,000

As at 30 April 2025	400,000

Net Book Value
As at 30 April 2025	400,000

As at 1 May 2024	400,000

Additional text

The heritage asset represents Sgt Pepper's Gypsy Caravan which was donated to the charity in 2014. The caravan is in need of extensive and highly specialised restoration. The valuation was made conservatively and based on guidance from an industry body. The restoration process is currently underway - as detailed in the trustee's report, the restoration will be filmed for a documentary. It is envisaged that the restoration will take at least another 18 months though it is impossible to quantify this accurately. There is currently no public access to the caravan as it will be kept under wraps until the film is complete and released.

The caravan was previously included in the accounts at valuation, as valued with guidance from an industry body. On transition to FRS 102, this previous GAAP revaluation has been treated as the asset's deemed cost.

The trustees have carried out an impairment review at the balance sheet date and consider that there has been no physical deterioration or breakage, and there is no doubt over the asset's authenticity.

9. Debtors

	30 April 2025	30 April 2024
	£	£
Due within one year
Amounts owed by participating interests	2,515	2,515
Other debtors	144	144

	2,659	2,659

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The Delight Makers Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

10. Creditors: Amounts Falling Due Within One Year

	30 April 2025	30 April 2024
	£	£
Trade creditors	216	-
Other loans	25,667	23,666
Amounts owed to participating interests	8,096	7,038
Other creditors	7,004	7,004
Accruals and deferred income	840	930

	41,823	38,638

11. Loans

An analysis of the maturity of loans is given below:

	30 April 2025	30 April 2024
	£	£
Amounts falling due within one year or on demand:
Other loans	25,667	23,666

12. Movement in Funds

	As at 1 May 2024	Expenditure	As at 30 April 2025
	£	£	£
Unrestricted funds
General:
General unrestricted fund	364,041	(3,205 )	360,836


Total funds	364,041	(3,205 )	360,836

	As at 1 December 2022	Income	Expenditure	As at 30 April 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	368,302	32	(4,293 )	364,041


Total funds	368,302	32	(4,293 )	364,041

13. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

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The Delight Makers Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

14. Related Party Disclosures

At the year end, the charitable company owed The Delight Makers Limited £8,096 (2024: £7,038), and was owed £2,515 (2024: £2,515) by Dove Tale Joint Limited. All three companies are under common control.

15. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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The Delight Makers Foundation

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 April 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	30 April 2025	30 April 2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations and gifts	-	32

	-	32


	-	32
EXPENDITURE ON:
Charitable Activities:
Peacing Together
Other interest payable	(2,000)	(2,833)
Telecommunications and data costs	(115)	(196)
Accountancy fees	(1,056)	(930)
Sundry expenses	(34)	(334)

	(3,205)	(4,293)

	(3,205)	(4,293)

NET EXPENDITURE	(3,205)	(4,261)

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