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Company registration number: 08413978
Charity registration number: 1151778
Project Freedom Ltd
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2025
Spire Accountants
Contents
Page
Trustees' Report 1—5
Independent Examiner's Report 6
Statement of Financial Activities (including Income and Expenditure Account) 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11—17
Page 1
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 December 2025.
Objectives and Activities
Aims and Objectives
  1. To advance the Christian faith for the benefit of the public. 
  2. The relief of the physical and mental sickness of persons in needs, primarily by reason of addiction to substances. 
  3. To assist in advancing education of persons by developing their mental, physical and moral capabilities.
  4. To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause 'socially excluded' primarily means being excluded from society, or parts of society, as a result of unemployment, financial hardship, youth, substance abuse or dependency, poor educational or skills attainment, or as a result of being a member of a socially or economically deprived community.
Significant Activities
Significant activities of the charity include:
1. Operation of our charity shop, which serves as both a community resource and a source of social benefit. The shop provides volunteering, training, and work experience opportunities for individuals who may be marginalised, socially isolated, experiencing barriers to employment, or seeking a sense of belonging within their community. Through these opportunities, volunteers can develop skills, confidence, and social connections. In addition, the shop offers good-quality donated goods at affordable prices, helping local residents and low-income families to access essential items while supporting the wider community.
2. Provision of family play sessions designed to help parents and children build stronger relationships through play and shared experiences. These sessions also provide opportunities to connect families with other local services and facilities, with the aim of delivering early intervention and preventative support to families who may be experiencing difficulties or require additional assistance.
3. Provision of access to mentoring, group support, and therapeutic sessions that encourage personal growth, accountability, and wellbeing.
4. A mobile skate park which provides safe, positive spaces for young people to gather, learn, and grow.
Public Benefit
The trustees confirm 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
Main Achievements
Overview
 As Trustees of Project Freedom, we are pleased to present our annual report for the year. While the year has brought significant challenges, it has also delivered important progress, renewed vision, and meaningful impact within the communities we serve.
A Year of Challenge and Change
The past year has been difficult for many individuals and families, with rising financial pressures and increasing demand for support. Like many charities, we have faced economic and operational challenges. Despite these pressures, we are encouraged by the progress made and the foundations laid for future growth.
A significant development during 2024 was the appointment of our new Chief Executive Officer, Omid Ghanbari. His leadership has brought renewed focus to our operational systems, strategic planning, and organisational development. This  is strengthening our ability to deliver effective services while building a sustainable future for the charity.
Investing in the Future
 During the year, the Trustees made the important decision to release equity from our property assets. This decision was taken carefully and enabled essential repairs and maintenance to be undertaken. It has also allowed investment in future developments, ensuring that our facilities remain safe, welcoming, and fit for purpose for the communities we serve.
...CONTINUED
Page 1
Page 2
Main Achievements - continued
Strengthening Our Team
We continue to build a strong and committed team of trustees, staff, and volunteers. The growth in unity, shared purpose, and dedication across the organisation has been particularly encouraging, and we remain grateful to everyone who contributes their time, skills, and experience to our work.
Our volunteers come from a wide range of backgrounds. Many have experienced social isolation, unemployment, life-controlling issues, or simply sought a place to belong and contribute. Whether volunteering for a short placement, work experience, probation requirements, or through many years of service, every volunteer plays a valued role in the caring and inclusive community we seek to build.
The Charity Shop
Our charity shop remains a central part of our mission. Alongside providing good-quality goods at affordable prices for local residents and low-income families, it offers a welcoming environment that promotes dignity, connection, and hope.
The shop also provides valuable volunteering, training, and work experience opportunities, helping individuals develop confidence, practical skills, and social connections. The positive impact of the shop is seen daily through both practical support and meaningful relationships.
Supporting Families and Early Intervention
This year saw the development of a new partnership with Victory Family Church, Wigan, through the opening of the Play Shack at Mesnes Park. The initiative encourages families to spend quality time together through play, conversation, and shared experiences within a welcoming and supportive environment.
The Play Shack has enabled our team to engage with families at an early stage, providing opportunities to discuss wellbeing, relationships, and wider life challenges. Through this free community provision, families have been connected to early intervention and preventative support, including our Freedom Breakfasts, mentoring services, group therapy programmes, and other local support organisations.
Supporting Refugees, Asylum Seekers and Migrants
Following the appointment of our Iranian-born CEO, we have seen an increasing number of asylum seekers, refugees, and migrants engaging with our services. Many face barriers including social isolation, language difficulties, unemployment, and limited local support networks.
Through our volunteers, staff, and wider community, individuals have found a welcoming environment where they can build relationships, gain confidence, and develop a sense of belonging. Opportunities to practise English, gain work experience, receive practical support with forms and applications, and access advocacy and references have all contributed to greater community integration.
Many individuals accessing our services have experienced significant hardship and vulnerability. In response, we are continuing to develop support that not only addresses immediate needs but also equips people to integrate fully into the local community, build meaningful relationships, and develop a renewed sense of purpose and belonging.
Our Mission in Action
At the heart of our work is a commitment to early intervention and the prevention of life-controlling issues, including poor mental health, addiction, isolation, and poverty. Through our charity shop, mentoring programmes, volunteering opportunities, support groups, and community initiatives, we seek to equip individuals and families to live in lasting freedom.
It has been a privilege to walk alongside those we serve, offering not only practical assistance but also encouragement, support, and opportunities for positive change.
Looking Ahead
While challenges remain, we look to the future with confidence. Through strong leadership, responsible stewardship, and a clear vision, we believe Project Freedom is well placed to continue growing its impact and reach.
Together, we remain committed to transforming lives, strengthening communities, and creating opportunities for hope, belonging, and lasting change.
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Financial Review
Reserves Policy
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue operating for the foreseeable future. Following the decision to release equity from the Charity's property assets, the Trustees have established a reserves policy to ensure we maintain unrestricted reserves equivalent to a minimum of three months' operating expenditure.
Property and Rental Income
During the year, the Trustees made the difficult decision to close one of the Charity's retail units within the property we own. The shop had become increasingly financially unsustainable due to declining trading conditions and the closure of other businesses within the area.
The property has subsequently been let to a long-term commercial tenant, alongside the continued letting of the residential flat. These rental arrangements now provide the Charity with a more stable and predictable source of income, strengthening the organisation's financial position and supporting its ongoing activities.
Financial Challenges and Sustainability
Despite the progress made during the year, the Trustees remain aware of the financial challenges facing the Charity. Operating margins remain tight, with limited surplus being generated, while significant maintenance and repair works continue to be required on the Charity's property assets.
The Trustees recognise that developing additional and diversified sources of income will be essential in the coming years. New revenue streams will not only help meet existing financial commitments but will also provide opportunities to expand the Charity's services, increase its charitable impact, and ensure long-term sustainability.
While considerable progress has been made, the Trustees acknowledge that challenges remain. Nevertheless, through careful stewardship, prudent financial management, and a clear strategic direction, the Charity is well placed to continue building a sustainable future and extending its reach within the community.
Going Concern
The trustees continue reviewing the adequacy of the charity's reserves. Currently there is sufficient funds coming in through our income streams to enable the charity to continue meeting its stated aims and objectives. We also hold the minimum equivalent of three months running costs in alignment with our reserves policy.
Structure, Governance and Management
Governing Document
The Charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of
Association on 21/02/2013 .
The Charity is constituted under a Memorandum of Association dated 21/02/2013 and is a registered charity
number 1151778.
Trustee Selection Methods
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Risk Management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Page 3
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Reference and Administrative Details
Trustees
Miss Masoumeh Jalali Heris (appointed 13/04/2026)
Mr David Calland
Ms Margaret Moody
Mr Gustaf Adolph Du Plessis
Charity Number
1151778
Company Number
08413978
Registered Office
21 Chiswell Street
Wigan
WN5 8DW
Independent Examiner
Shakeela Yaqub CA
Spire Accountants
9 Blossom Avenue
Accrington
BB5 0FD
Bankers
Barclays Bank PLC
48B - 50 Lord Street
Liverpool
L2 1TD
Page 4
Page 5
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Project Freedom Ltd 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:
Ms Margaret Moody
Trustee
17/08/2026
Page 5
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Independent Examiner's Report to the Trustees of Project Freedom Ltd
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and Basis of Report
As the charity 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
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.
Shakeela Yaqub CA
17/08/2026
9 Blossom Avenue
Accrington
BB5 0FD
Page 6
Page 7
Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Unrestricted funds Unrestricted funds
Notes £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 3 868 65,395
Other trading activities 4 61,941 -
Investments 5 12,600 -
75,409 65,395
EXPENDITURE ON:
Raising funds 7 (82,347 ) (67,125 )
NET EXPENDITURE (6,938 ) (1,730 )
Gains on revaluation of fixed assets - 96,554
NET MOVEMENT IN FUNDS (6,938 ) 94,824
RECONCILIATION OF FUNDS:
Total funds brought forward 128,623 33,799
TOTAL FUNDS CARRIED FORWARD 17 121,685 128,623
The notes on pages 10 to 16 form part of these financial statements.
Page 7
Page 8
Balance Sheet
2025 2024
Unrestricted funds Total funds
Notes £ £
FIXED ASSETS
Tangible Assets 12 134,622 134,403
134,622 134,403
CURRENT ASSETS
Debtors 13 451 -
Cash at bank and in hand 38,148 41,691
38,599 41,691
Creditors: Amounts Falling Due Within One Year 14 (4,406 ) (4,063 )
NET CURRENT ASSETS (LIABILITIES) 34,193 37,628
TOTAL ASSETS LESS CURRENT LIABILITIES 168,815 172,031
Creditors: Amounts Falling Due After More Than One Year 15 (47,130 ) (43,408 )
NET ASSETS 121,685 128,623
FUNDS OF THE CHARITY
Unrestricted Funds 121,685 128,623
TOTAL FUNDS 17 121,685 128,623
For the year ending 31 December 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.
On behalf of the board
Ms Margaret Moody
Trustee
17/08/2026
The notes on pages 10 to 16 form part of these financial statements.
Page 8
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Cash Flow Statement
2025 2024
Notes £ £
Cash flows from operating activities
Net cash (used in)/generated from operations 1 (6,213 ) 47,147
Interest paid (3,201 ) -
Net cash (used in)/generated from operating activities (9,414 ) 47,147
Cash flows from investing activities
Purchase of tangible assets (8,202 ) (8,150 )
Rents received from investment properties 12,600 -
Net cash generated from/(used in) investing activities 4,398 (8,150 )
Cash flows from financing activities
Proceeds from new bank borrowings 1,473 -
(Decrease)/increase in cash and cash equivalents (3,543 ) 38,997
Cash and cash equivalents at beginning of year 2 41,691 2,694
Cash and cash equivalents at end of year 2 38,148 41,691
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Notes to the Cash Flow Statement
1. Reconciliation of expenditure to cash (used in)/generated from operations
2025 2024
£ £
Net expenditure (6,938 ) (1,730 )
Adjustments for:
Interest expense 3,201 -
Income from investments (12,600) -
Depreciation of tangible assets 7,983 1,406
Movements in working capital:
(Increase)/decrease in trade and other debtors (451 ) 47,471
Increase in trade and other creditors 2,592 -
Net cash (used in)/generated from operations (6,213 ) 47,147
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2025 2024
£ £
Cash at bank and in hand 38,148 41,691
3. Analysis of changes in net debt
As at 1 January 2025 Cash flows As at 31 December 2025
£ £ £
Cash at bank and in hand 41,691 (3,543) 38,148
Debts falling due within one year (3,613 ) 2,249 (1,364 )
Debts falling due after more than one year (43,408) (3,722) (47,130)
(5,330) (5,016) (10,346)
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Notes to the Financial Statements
1. General Information
Project Freedom Ltd is a company limited by guarantee, incorporated in England & Wales, registered number 08413978 and registered charity number 1151778 . The registered office is 21 Chiswell Street, Wigan, WN5 8DW.
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. Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes
2.3. Incoming Resources
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.4. Resources Expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the Charity's operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.
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2.5. Tangible Fixed Assets and Depreciation
All assets costing more than £1,000 are capitalised.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of financial activities incorporating income and expenditure
account.
Tangible fixed assets are carried at cost or valuation , net of depreciation and any provision for
impairment. Depreciation is provided at rates calculated to write off the costor valuation of fixed
assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 25 years straight line basis
Motor Vehicles 20% straight line basis
Computer Equipment 20% straight line basis
2.6. Cash and Cash Equivalents
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7. Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8. Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
2.9. Liabilities & Provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
3. Income from Donations and Legacies
2025 2024
Unrestricted Unrestricted
funds funds
£ £
Donations and gifts 868 606
Grants - 61,999
Other - 2,790
868 65,395
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4. Income from Other Trading Activities
2025 2024
Unrestricted funds Unrestricted funds
£ £
Income from other trading activities 225 -
Shop income 61,716 -
61,941 -
5. Investment Income
2025 2024
Unrestricted Unrestricted
funds funds
£ £
Rents received from investment properties 12,600 -
6. Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible fixed assets - owned 7,983 1,406
7. Analysis of Expenditure
2025
Activities undertaken directly Support costs
(see note 8 )
Total
£ £ £
Raising funds 71,027 11,320 82,347
2024
Activities undertaken directly Support costs
(see note 8 )
Total
£ £ £
Raising funds 66,819 306 67,125
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8. Support Costs
2025
Raising funds
£
Premises expenses 485
General administration 7,301
Interest payable 3,142
Governance costs 392
11,320
2024
Raising funds
£
General administration 306
9. Independent Examiner's Remuneration
2025 2024
£ £
Independent examination of the financial statements 780 305
The Independent Examiner's remuneration amounts to an Independent Examination fee of £780 (2024: £305).
10. Staff Costs
Staff costs were as follows:
£
Wages & Salaries 32,000
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
11. Average Number of Employees
Average number of employees during the year was: 1 (2024: 1)
1 1
12. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 159,632 67,580 1,236 228,448
Additions 8,202 - - 8,202
As at 31 December 2025 167,834 67,580 1,236 236,650
...CONTINUED
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Depreciation
As at 1 January 2025 25,229 67,580 1,236 94,045
Provided during the period 7,983 - - 7,983
As at 31 December 2025 33,212 67,580 1,236 102,028
Net Book Value
As at 31 December 2025 134,622 - - 134,622
As at 1 January 2025 134,403 - - 134,403
13. Debtors
2025 2024
£ £
Due within one year
Other debtors 451 -
14. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Bank loans and overdrafts 1,364 3,613
Taxation and social security 1,429 -
Accruals and deferred income 1,612 450
4,406 4,063
15. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 47,130 43,408
16. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 1,364 3,613
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 47,130 43,408
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17. Movement in Funds
As at 1 January 2025 Income Expenditure As at 31 December 2025
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 128,623 75,409 (82,347 ) 121,685
Total funds 128,623 75,409 (82,347 ) 121,685
As at 1 January 2024 Income Expenditure Gains and losses As at 31 December 2024
£ £ £ £ £
Unrestricted funds
General:
General unrestricted fund 33,799 65,395 (67,125 ) 96,554 128,623
Total funds 33,799 65,395 (67,125 ) 96,554 128,623
18. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
2025 2024
£ £
19. Related Party Disclosures
20. 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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Detailed Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Total funds Total funds
£ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts 868 606
Grants & Shop Income - 61,999
Similar Incoming Resources - 2,790
868 65,395
Other trading activities
Income from other trading activities 225 -
Shop income 61,716 -
61,941 -
Investments
Rental income from investment property 12,600 -
12,600 -
75,409 65,395
EXPENDITURE ON:
Raising funds
Shop Costs (4,171) (846)
Transport & Driver (3,903) (9,414)
Staff Costs (32,000) (23,410)
Volunteer Costs (1,807) (2,176)
Phone, Internet & Postage Costs (1,779) (824)
Motor Vehicle Costs - (2,650)
General Costs - (1,839)
Subcontractor costs (6,285) (6,746)
Premises costs (11,727) (12,783)
Repairs, renewals and maintenance (1,043) (794)
Insurance (270) (3,748)
Support and administration costs - (183)
Depreciation of freehold land and property (7,983) (1,406)
Bank charges (59) -
Rates (485) -
Independent examiner's fees (780) (305)
Legal fees (4,352) -
Sundry expenses (2,169) (1)
Bank loan interest (3,142) -
Accountancy fees (392) -
(82,347) (67,125)
(82,347) (67,125)
NET EXPENDITURE (6,938) (1,730)
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