IRIS Accounts Production v26.1.10.61 Other Company accounts True false Pounds 1.10.24 30.9.25 30.9.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08121374 2024-09-30 08121374 2025-09-30 08121374 2024-10-01 2025-09-30 08121374 2023-09-30 08121374 2023-10-01 2024-09-30 08121374 2024-09-30 08121374 ns0:CharitableCompanyLimitedByGuarantee 2024-10-01 2025-09-30 08121374 ns15:PoundSterling 2024-10-01 2025-09-30 08121374 ns11:FRS102 2024-10-01 2025-09-30 08121374 ns0:IndependentExaminationCharity 2024-10-01 2025-09-30 08121374 ns11:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 08121374 ns11:FullAccounts 2024-10-01 2025-09-30 08121374 ns0:CharitiesSORP 2024-10-01 2025-09-30 08121374 ns16:EnglandWales 2024-10-01 2025-09-30 08121374 ns11:RegisteredOffice 2024-10-01 2025-09-30 08121374 ns0:Trustee1 2024-10-01 2025-09-30 08121374 ns0:Trustee2 2024-10-01 2025-09-30 08121374 ns0:Trustee3 2024-10-01 2025-09-30 08121374 ns0:Trustee4 2024-10-01 2025-09-30 08121374 ns0:Trustee5 2024-10-01 2025-09-30 08121374 ns0:Trustee6 2024-10-01 2025-09-30 08121374 ns0:Trustee7 2024-10-01 2025-09-30 08121374 ns0:Trustee8 2024-10-01 2025-09-30 08121374 ns0:Trustee9 2024-10-01 2025-09-30 08121374 ns0:TotalUnrestrictedFunds 2024-10-01 2025-09-30 08121374 ns0:TotalRestrictedIncomeFunds 2024-10-01 2025-09-30 08121374 ns0:Activity8 2024-10-01 2025-09-30 08121374 ns0:Activity8 ns0:TotalUnrestrictedFunds 2024-10-01 2025-09-30 08121374 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-10-01 2025-09-30 08121374 ns0:Activity8 2023-10-01 2024-09-30 08121374 ns0:TotalUnrestrictedFunds 2024-09-30 08121374 ns0:TotalRestrictedIncomeFunds 2024-09-30 08121374 ns0:TotalUnrestrictedFunds 2025-09-30 08121374 ns0:TotalRestrictedIncomeFunds 2025-09-30 08121374 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-09-30 08121374 ns0:TotalRestrictedIncomeFunds ns10:WithinOneYear 2025-09-30 08121374 ns10:WithinOneYear 2025-09-30 08121374 ns10:WithinOneYear 2024-09-30 08121374 ns10:AfterOneYear ns0:TotalUnrestrictedFunds 2025-09-30 08121374 ns10:AfterOneYear ns0:TotalRestrictedIncomeFunds 2025-09-30 08121374 ns10:AfterOneYear 2025-09-30 08121374 ns10:AfterOneYear 2024-09-30 08121374 ns10:PlantMachinery 2024-10-01 2025-09-30 08121374 ns10:ComputerEquipment 2024-10-01 2025-09-30 08121374 2 2024-10-01 2025-09-30 08121374 1 2024-10-01 2025-09-30 08121374 1 2023-10-01 2024-09-30 08121374 ns10:OwnedAssets 2024-10-01 2025-09-30 08121374 ns10:OwnedAssets 2023-10-01 2024-09-30 08121374 ns0:TotalUnrestrictedFunds 2023-10-01 2024-09-30 08121374 ns0:TotalRestrictedIncomeFunds 2023-10-01 2024-09-30 08121374 ns0:Activity8 ns0:TotalUnrestrictedFunds 2023-10-01 2024-09-30 08121374 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2023-10-01 2024-09-30 08121374 ns10:PlantMachinery 2024-09-30 08121374 ns10:ComputerEquipment 2024-09-30 08121374 ns10:PlantMachinery 2025-09-30 08121374 ns10:ComputerEquipment 2025-09-30 08121374 ns10:PlantMachinery 2024-09-30 08121374 ns10:ComputerEquipment 2024-09-30

REGISTERED COMPANY NUMBER: 08121374 (England and Wales)

REGISTERED CHARITY NUMBER: 1184616

| REPORT OF THE TRUSTEES AND |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| NEW MEANING FOUNDATION |

| NEW MEANING FOUNDATION |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Page |

Report of the Trustees | 1 |  | to |  | 2

Independent Examiner's Report | 3 |

Statement of Financial Activities | 4 |

Balance Sheet | 5 |  | to |  | 6

Cash Flow Statement | 7 |

Notes to the Cash Flow Statement | 8 |

Notes to the Financial Statements | 9 |  | to |  | 14

| NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objects are building modular homes for ex-homeless residents and training ex-homeless and others from a background of hardship including SEND learners, in construction and functional skills.

Significant activities

During the year the charity constructed installed and commissioned 4 SPACE microhomes in Cambridge, for the charity "It Takes a City" Community Land Trust. Three premium quality MoJo SPACE Garden Studio buildings were also completed to meet building regulations and planning requirements, all for private customers including a studio flat with kitchen and bathroom plus an office; a reflection study for a recently retired Vicar and a large office plus storage facility.

Peripatetic work experience and study programmes were completed by 10 additional needs learners (functional skills and employability programme over 10 months.) Entry 3 to Level 2 construction skills qualifications were also delivered as an Alternative Education Provider to 15 additional needs learners all with specialist education requirements according to individual Education, Health and Care Plans.

Public benefit

The trustees have complied with the duty in S4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission on public benefit..

FINANCIAL REVIEW

Financial position

The financial statements for the year ended 30 September 2025 show a small surplus which is encouraging, and the trustees consider the overall result to be satisfactory.

Reserves policy

The trustees seek to hold 6 months of unrestricted reserves. Reserves as at 30 September 2025 stood at £150,721.

FUTURE PLANS

The charity continues to operate a peripatetic learner's scheme covering Cambridgeshire to North Hertfordshire and Bedfordshire. The charity continues to search for a new factory and training centre location. The reach and capability of the construction team continues to expand. A commercial kitchen extension contract has been awarded by the Cambridge City Council as has a conversion of an Ipswich Church Hall into 3 studio flats, with communal kitchen, lounge; the building to be completely insulated and renovated in the process. Projects centred around training and "patient employment" for beneficiaries include potentially 20 more SPACE microhomes and an innovative low-income-residents, "Achievable Affordable" community led housing scheme are in development with various collaborators and investors.

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.

The company registered as a charity with the charity commission on 26 July 2020.

Recruitment and appointment of new trustees

Trustees are recruited via advertising, contacts, and through the networks of existing trustees.

| NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

Risks for construction projects include rising materials costs, weather effects or inaccurate quotes. Also staff leaving can be considered to provide a risk to the organisation.

Changes in legislative requirements for Additional Needs provision require ongoing training and safeguarding improvement measures across the organisation. With EHCP learners many have specific requirements such as provision of 1 or 2 chaperones; behaviour management strategies, etc. There can be a risk to peers if these approaches are not understood, coached and updated as necessary.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08121374 (England and Wales)

Registered Charity number

1184616

Registered office

Unit 1, Cambridge House Camboro Business

Oakington Road, Girton

Cambridge

Cambridgeshire

CB3 0QH

Trustees

A G W Beckett Director

J C Evans Director

P Zipp Director

Ms R I P Orde Director (resigned 14/10/2024)

S Pickering Director (resigned 14/2/2025)

A Aus Director (resigned 12/3/2026)

Ms L Canham Director (resigned 18/12/2024)

Ms T Dawson Director

E Jallow Director (appointed 14/2/2025)

Independent Examiner

Staffords

Chartered Accountants

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

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

Approved by order of the board of trustees on 27 July 2026 and signed on its behalf by:

A G W Beckett - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

NEW MEANING FOUNDATION

Independent examiner's report to the trustees of New Meaning Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns 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.

Matthew Pettifer FCA

The Institute of Chartered Accountants in England and Wales

Staffords

Chartered Accountants

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

Date: .............................................

| NEW MEANING FOUNDATION |

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 3 | 40,332 |  | - |  | 40,332 |  | 10,217 |

Charitable activities | 4

General | 744,292 |  | - |  | 744,292 |  | 499,580 |

Total | 784,624 |  | - |  | 784,624 |  | 509,797 |

EXPENDITURE ON

Charitable activities | 5

General | 727,015 |  | - |  | 727,015 |  | 475,610 |

NET INCOME | 57,609 |  | - |  | 57,609 |  | 34,187 |

RECONCILIATION OF FUNDS

Total funds brought forward | 93,112 |  | - |  | 93,112 |  | 58,925 |

TOTAL FUNDS CARRIED FORWARD | 150,721 |  | - |  | 150,721 |  | 93,112 |

| NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374) |

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 12 | 97 |  | - |  | 97 |  | 194 |

CURRENT ASSETS |

Debtors | 13 | 62,199 |  | - |  | 62,199 |  | 77,320 |

Cash at bank | 150,173 |  | - |  | 150,173 |  | 117,913 |

212,372 |  | - |  | 212,372 |  | 195,233 |

CREDITORS |

Amounts falling due within one year | 14 | (61,209 | ) | - |  | (61,209 | ) | (86,130 | )

NET CURRENT ASSETS | 151,163 |  | - |  | 151,163 |  | 109,103 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 151,260 |  | - |  | 151,260 |  | 109,297 |

CREDITORS |

Amounts falling due after more than one year | 15 | (539 | ) | - |  | (539 | ) | (16,185 | )

NET ASSETS | 150,721 |  | - |  | 150,721 |  | 93,112 |

FUNDS | 17

Unrestricted funds | 150,721 |  | 93,112 |

TOTAL FUNDS | 150,721 |  | 93,112 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

| NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374) |

BALANCE SHEET - continued

30 SEPTEMBER 2025

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

The financial statements were approved by the Board of Trustees and authorised for issue on 27 July 2026 and were signed on its behalf by:

A G W Beckett - Trustee

| NEW MEANING FOUNDATION |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 52,764 |  | (61,917 | ) |

Interest paid | (1,790 | ) | (362 | ) |

Net cash provided by/(used in) operating activities | 50,974 |  | (62,279 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | - |  | (291 | ) |

Net cash provided by/(used in) investing activities | - |  | (291 | ) |

Cash flows from financing activities

New loans in year | - |  | 29,395 |  |

Loan repayments in year | (18,714 | ) | (3,383 | ) |

Net cash (used in)/provided by financing activities | (18,714 | ) | 26,012 |  |

Change in cash and cash equivalents in the reporting period | 32,260 |  | (36,558 | ) |

Cash and cash equivalents at the beginning of the reporting period | 117,913 |  | 154,471 |  |

Cash and cash equivalents at the end of the reporting period | 150,173 |  | 117,913 |  |

| NEW MEANING FOUNDATION |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

| 2025 |  | 2024

£ | £ |

| Net income for the reporting period (as per the Statement of Financial Activities) | 57,609 |  | 34,187 |  |

| Adjustments for:

| Depreciation charges | 97 |  | 97 |  |

| Interest paid | 1,790 |  | 362 |  |

| Decrease/(increase) in debtors | 15,121 |  | (26,067 | ) |

| Decrease in creditors | (21,853 | ) | (70,496 | ) |

| Net cash provided by/(used in) operations | 52,764 |  | (61,917 | ) |

2. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/10/24 | Cash flow | At 30/9/25

£ | £ | £ |

| Net cash |

| Cash at bank | 117,913 |  | 32,260 |  | 150,173 |  |

117,913 |  | 32,260 |  | 150,173 |  |

| Debt

| Debts falling due within 1 year | (20,839 | ) | 3,068 |  | (17,771 | ) |

| Debts falling due after 1 year | (16,185 | ) | 15,646 |  | (539 | ) |

(37,024 | ) | 18,714 |  | (18,310 | ) |

| Total | 80,889 |  | 50,974 |  | 131,863 |  |

| NEW MEANING FOUNDATION |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | LEGAL FORM

| The charity is a registered charity registered in England and Wales, and a company limited by guarantee having no share capital incorporated in England and Wales.

| Its registered office is Unit 1, Cambridge House, Camboro Business Park, Girton, Cambs, CB3 0QH.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention.

| Income

| 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.

| Expenditure

| 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 33% on cost

| Computer equipment | - | 33% on cost

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

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

| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

| Pension costs and other post-retirement benefits

| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

| NEW MEANING FOUNDATION |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | DONATIONS AND LEGACIES

| 2025 |  | 2024

£ | £ |

| Donations | 40,332 |  | 10,217 |  |

4. | INCOME FROM CHARITABLE ACTIVITIES

| 2025 |  | 2024

| Activity | £ | £ |

| Primary purpose trading | General | 701,832 |  | 489,580 |  |

| Grants | General | 42,460 |  | 10,000 |  |

744,292 |  | 499,580 |  |

5. | CHARITABLE ACTIVITIES COSTS

| Support |

| Direct | costs (see |

| Costs | note 6) | Totals

£ | £ | £ |

| General | 723,894 |  | 3,121 |  | 727,015 |  |

6. | SUPPORT COSTS

| Governance

| costs

£ |

| General | 3,121 |  |

7. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 97 |  | 97 |  |

8. | TRUSTEES' REMUNERATION AND BENEFITS

| 2025 |  | 2024

£ | £ |

| Trustees' salaries | 53,300 |  | 50,525 |  |

| Trustees' social security | 6,925 |  | 5,717 |  |

60,225 |  | 56,242 |  |

| John Evans, a trustee was remunerated in accordance with the articles of the charity. This was in respect of services supplied for both project management and working as the full time CEO of the charity.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

| NEW MEANING FOUNDATION |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | STAFF COSTS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 388,570 |  | 211,089 |  |

| Social security costs | 35,871 |  | 13,070 |  |

| Other pension costs | 4,998 |  | 3,339 |  |

429,439 |  | 227,498 |  |

| The staff costs relating to Key Management Personnel were £60,225 (2024: £56,242).

| The average monthly number of employees during the year was as follows:

| 2025 |  | 2024

| Operations | 17 |  | 12 |  |

| No employees received emoluments in excess of £60,000.

10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| fund |  | fund |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 10,217 |  | - |  | 10,217 |

| Charitable activities

| General | 499,580 |  | - |  | 499,580 |

| Total | 509,797 |  | - |  | 509,797 |

| EXPENDITURE ON

| Charitable activities

| General | 475,610 |  | - |  | 475,610 |

| NET INCOME | 34,187 |  | - |  | 34,187 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 58,925 |  | - |  | 58,925 |

| TOTAL FUNDS CARRIED FORWARD | 93,112 |  | - |  | 93,112 |

| NEW MEANING FOUNDATION |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | INDEPENDENT EXAMINER'S REMUNERATION

| The independent examiner received remuneration during the year of £3,088 (2024:£2,615).

12. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 and 30 September 2025 | 28,474 |  | 1,162 |  | 29,636 |  |

| DEPRECIATION

| At 1 October 2024 | 28,474 |  | 968 |  | 29,442 |  |

| Charge for year | - |  | 97 |  | 97 |  |

| At 30 September 2025 | 28,474 |  | 1,065 |  | 29,539 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  | 97 |  | 97 |  |

| At 30 September 2024 | - |  | 194 |  | 194 |  |

13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other debtors | 62,199 |  | 77,320 |  |

14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 16) | 17,771 |  | 20,839 |  |

| Social security and other taxes | 9,392 |  | 6,578 |  |

| Other creditors | 31,343 |  | 47,563 |  |

| Accruals and deferred income | 2,703 |  | 11,150 |  |

61,209 |  | 86,130 |  |

| NEW MEANING FOUNDATION |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025 | 2024 |

£ | £ |

| Bank loans (see note 16) | 539 |  | 16,185 |  |

16. | LOANS

| Loans comprise a bounce back loan of £4,159 (2024:£7,269) from HSBC Bank PLC, and a loan of £14,151 (2024: £29,395) from Unlimited.

17. | MOVEMENT IN FUNDS

| Net |  |

| At |  | movement |  | At |

| 1/10/24 |  | in funds |  | 30/9/25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 93,112 |  | 57,609 |  | 150,721 |  |

| TOTAL FUNDS | 93,112 |  | 57,609 |  | 150,721 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 784,624 |  | (727,015 | ) | 57,609 |  |

| TOTAL FUNDS | 784,624 |  | (727,015 | ) | 57,609 |  |

| Comparatives for movement in funds

| Net |  |

| At |  | movement |  | At |

| 1/10/23 |  | in funds |  | 30/9/24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 58,925 |  | 34,187 |  | 93,112 |  |

| TOTAL FUNDS | 58,925 |  | 34,187 |  | 93,112 |  |

| NEW MEANING FOUNDATION |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

17. | MOVEMENT IN FUNDS - continued

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 509,797 |  | (475,610 | ) | 34,187 |  |

| TOTAL FUNDS | 509,797 |  | (475,610 | ) | 34,187 |  |

18. | RELATED PARTY DISCLOSURES

| New Meaning Training Limited

| A company with directors in common

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Amount due to related party at the balance sheet date |  | 29,415 |  |  | 44,550 |  |

| Mojo Foundation

| A charity with trustees in common

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Amount due from related party at the balance sheet date |  | 45,093 |  |  | 45,093 |  |

| These amounts are disclosed in Other Debtors and Other Creditors as appropriate.

| The loan to the Mojo Foundation was made by the directors in the knowledge that it may never be recovered due to the perilous economic situation in the Gambia, but are confident that the funds will be used for charitable purposes.