Annual Report & Financial Statements Annual Report 2025 Donate

Financial statements

For the year ended 31 December 2025.

Page 42 of the printed report

Group statement of financial activities and income and expenditure account for the year ended 31 December 2025
Unrestricted funds £’000Restricted funds £’000Endowments funds £’000Total 2025 £’000Total 2024 £’000Notes
Income and endowments from:
Donations and legacies 14,936 187,971 429 203,336 238,537 2
Other trading activities 3,866 - - 3,866 3,745 3
Investments - - 655 655 588 4
Charitable activities - 31,142 - 31,142 32,705 5
Total 18,802 219,113 1,084 238,999 275,575
Expenditure on:
Raising funds:
Costs of generating voluntary income 13,434 7,674 - 21,108 19,170 10a
Fundraising trading: cost of goods sold and other cost 3,826 - - 3,826 3,541 10a
Investment management cost - - 568 568 459 10a
Charitable activities 9,641 205,907 - 215,548 280,648 10a
Total 26,901 213,581 568 241,050 303,818
Net (expenditure)/income (8,099) 5,532 516 (2,051) (28,243)
Transfers between funds 457 - (457) - 26
Subsidiary funds bought forward on consolidation (173) - - (173) (94)
Net movement on funds: (7,815) 5,532 59 (2,224) (28,337)
Reconciliation of funds
Total funds brought forward 47,611 65,453 8,684 121,748 150,085
Total funds carried forward 39,796 70,985 8,743 119,524 121,748
Parent charitable company statement of financial activities and income and expenditure account for the year ended 31 December 2025
Unrestricted funds £’000Restricted funds £’000Endowments funds £’000Total 2025 £’000Total 2024 £’000
Income and endowments from:
Donations and legacies 14,936 188,052 - 202,988 238,173
Investments - - 655 655 588
Charitable activities - 31,142 - 31,142 32,705
Total 14,936 219,194 655 234,785 271,466
Expenditure on:
Raising funds:
Costs of generating voluntary income 13,434 7,677 - 21,111 18,800
Investment management cost - - 82 82 458
Charitable activities 9,641 205,907 - 215,548 280,647
Total 23,075 213,584 82 236,741 299,905
Net income/(expenditure) (8,139) 5,610 573 (1,956) (28,439)
Subsidiary funds bought forward on consolidation 161 - 161
Net movement on funds: (7,978) 5,610 573 (1,795) (28,439)
Reconciliation of funds
Total funds brought forward 44,406 66,041 8,693 119,140 147,579
Total funds carried forward 36,428 71,651 9,266 117,345 119,140
Group and charity balance sheets as at 31 December 2025
2025 total funds Group £’000Charity £’0002024 total funds Group £’000Charity £’000Notes
Fixed assets
Intangible assets 2,274 2,274 2,199 2,199 13
Tangible assets 8,201 8,101 8,123 8,010 14,15
Investments 537 1,082 107 984 16
Total fixed assets 11,012 11,457 10,429 11,193
Current assets
Stocks and work in progress 5,978 5,799 4,890 4,679 17
Debtors due within one year 42,594 41,599 35,694 35,889 18
Cash at bank and in hand 75,976 73,815 91,098 88,280 19
Total current assets 124,548 121,213 131,682 128,848
Liabilities
Creditors: amounts falling due within one year 16,036 15,325 20,363 20,901 20
Net current assets 108,512 105,888 111,319 107,947
Total assets less current liabilities 119,524 117,345 121,748 119,140
Total net assets 119,524 117,345 121,748 119,140
Total funds of the charity:
Unrestricted funds 39,796 36,428 47,611 44,406
Restricted funds 70,985 71,651 65,453 66,041 25
Endowment funds 8,743 9,266 8,684 8,693 26
Total funds 119,524 117,345 121,748 119,140
Group cash flow statement for the year ended 31 December 2025
2025 £’0002024 £’000
Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net expenditure for the reporting period as per the statement of financial activities (excluding cash flow from endowments) (2,283) (28,358)
Adjustments for:
Depreciation 267 1,776
Amortisation 144 212
(Increase)/decrease in stocks (1,088) 699
Increase in debtors (6,902) (12,524)
Decrease in creditors (4,325) (11,441)
Gains on the disposal of assets – (12)
Loss/gains on foreign exchange 3,399 8,493
Net cash provided by (used in) operating activities (10,788) (41,155)
Cash flows from investing activities
Purchase of intangibles (218) (273)
Purchase of property, plant and equipment (347) (1,792)
Proceeds from the sale of property, plant and equipment – 74
Purchase of investment (430) -
Net cash provided by (used in) investing activities (995) (1,991)
Cash flows from financing activities
Endowment (waqf) 60 22
Net cash provided by financing activities 60 22
Net decrease in cash and cash equivalents (11,723) (43,124)
Cash and cash equivalents at the beginning of the reporting period 91,098 142,715
Change in cash and cash equivalents due to exchange rate movements (3,399) (8,493)
Cash and cash equivalents at the end of the reporting period 75,976 91,098
Consisting of:
Cash at bank and in hand 75,976 91,098
– –
Net cash used in operating activities during the period arises primarily from timing differences between income receipts and programme expenditure.
The organisation experienced a peak in income receipts during certain periods, with funds received in advance for specific programme activities. Expenditure relating to these programmes is incurred over the longer term delivery cycle of approved projects and therefore does not align immediately with the timing of cash inflows. As a result, cash outflows associated with programme delivery were incurred in subsequent periods, giving rise to a temporary negative operating cash flow at the reporting date. This position reflects the normal phasing of income and project expenditure and does not indicate underlying liquidity concerns or financial underperformance.