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35,993 claims
No trustee received remuneration or benefits from the charity during the year ending 31 March 2025.
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
Financial · Stakeholder position · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 16
The charity's expenditure on charitable activities was £271,998 in the year ending 31 March 2025.
Direct costs Programme of activity 242,458 Share of support and governance costs (see note ) Support 28,945 Governance 595 271,998
Financial · Funding statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 15
The charity's income from charitable activities includes £12,811 from the sale of services in the year ending 31 March 2025.
Sale of services 12,811
Financial · Funding statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 15
The charity's income from donations and legacies includes grants of £219,066 in the year ending 31 March 2025.
Grants 150,000 69,066 219,066 - -
Financial · Funding statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 14
Termination benefits are recognized immediately as an expense when the charity is demonstrably committed to terminate employment.
Te r m i n a t i o n b e n e f i t s a r e r e c o g n i s e d i m m e d i a t e l y a s a n e x p e n s e w h e n t h e c h a r i t y i s d e m o n s t r a b l y c o m m i t t e d to terminate the employment of an employee or to provide termination benefits.
Financial · Policy statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 14
Employee benefits for unused holiday entitlement are recognized in the period when the employee's services are received.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Financial · Policy statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 14
Trade creditors are obligations to pay for goods or services and are initially recognized at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial · Policy statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 14
Financial liabilities are initially recognized at transaction price unless they constitute a financing transaction.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Financial · Policy statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 14
Madlove's financial instruments are recognised when it becomes a party to the contractual provisions of the instrument.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial · Procedural statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 13
Madlove's expenditure is recognised when there is a legal or constructive obligation to transfer economic benefit.
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.
Financial · Procedural statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 12
Madlove's income is recognised when the charity is legally entitled to it and can be measured reliably.
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Financial · Procedural statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 12
Madlove's financial statements were prepared under the historical cost convention.
The financial statements have been prepared under the hist orical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value].
Financial · Procedural statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 12
Madlove's unrestricted funds were £-9,540 as of March 31, 2025.
Unrestricted funds 15 (9,540)
Financial · Metric statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 11
Madlove's financial statements were prepared in accordance with the Companies Act 2006 and FRS 102.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102
Governance · Procedural statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 12
Madlove's reserves policy requires maintaining a level of unrestricted designated reserve to ensure continued core activity during unforeseen difficulties.
The trustees hav e set a reserves policy which requires reserves be maintained at a level whic h ensures that Madlove’s core activity could continue during a period of unforeseen difficulty;
Governance · Policy statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 7
Madlove's key funding partners in 2024/25 included Arts Council England, The British Council, Wellcome Trust, Baring Foundation, and Unlimited.
Key funding and commiss ioning partners in 2024/25 included: Arts Council England - National Portfolio, The Britis h Council, Wellcome Trust, Baring Foundation, Unlimited.
Commissioning · Observational claim · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 7
Madlove's financial year 2025/6 is expected to be positive after restructuring staff and activities.
Work has since taken taken place to restructure both staff and activ ities, and the 2025/6 financial year looks positive.
Financial · Observational claim · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 7
Madlove's financial year 2024/25 was challenging with a decrease in income and an increase in expenditure.
Financial review 2024/25 was a challenging year with income of £231,877 (2023/24 £309,353) and expenditure of £272,889 (2023/24 ££299,511).
Financial · Observational claim · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 7
Madlove delivered a programme of artist talks, training, teaching, writing, and campaigning in 2024/25.
This year, the vacuum cleaner delivered a programme of artist talks, training, teaching, writing, and campaigning.
Operational · Observational claim · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 7
The vacuum cleaner's work includes candid, provocative and playful art that challenges mental health understanding.
His work combines madpride, disability justice organising, direct action and deep ecology, but always with lightness and silliness. He often works with large groups including young artists aged 10 to 25 years, health professionals, and different communities. His art and activism aims to challenge - and change - how mental health is understood, treated and experienced.
Service · Policy statement · From Madlove Limited — annual report and accounts, year ending 31 March 2025, page 4