INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI REGISTERED CHARITY NUMBER . 1040167 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pages Index Trustees Annual Report Independent Examiners Report Slalemenl of Financial Activities Balance Sheet Slalemenl of Cash Flows 8-13 Notes lo the Accounts (For Management Purposes Only) Detailed Income and Expenditure Account 14
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) Report of the trustees for the year ended 31" March 2024 The trustees present their annual report and financial statements of the charity for the year ended 31, March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and 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 published (FRS 1021 {effeclive l January 20191. Reference and administrative information Charity Name.. Indian Senior Citizen'5 Centre (Manchester) Charity Number.. 1040167 Trustee5 Honorary President (non trustee) Chair Gen. Secretary Treasurer Member Meinber Mr Harridull Seth Mr Niranjan Bhalt Mr Suresh Chandra Patel Mr Hasmukh Patel Dr Mrs Saraswati Sinha Mrs Jasuben Modi (resigned 24lh August 2023} AdmSn Assistant Mrs Bharti Hindocha Principal Office Indian Senior Citizen's Centre 16-18 Whalley Road Manchester M16 8A8 Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester M11 3TQ Bankers Barclays Bank plc P.0. Box 357 51 Mosley Street Manchester M60 1AU Structurei governance and management The Charity is a registered charity under a conslilulion dated 201h May 1993 and subsequently updated. on 16th November 2009. Appointmont of trustees New trustees are at the Annual General Meeting. Notice is given to all members 21 days before the meeting.
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI The trustees should comprise between 7 and 10 members with a minimum of 2 trustees being women.. The elected members nominate the officers. The trustees nominate one Honorary President who will serve for up to 2 years from amongst former Iruslee officers and may co-opt not more than 3 co-opts where specifi skill is required lo develop the centre and who shall be full members of the cenlre. All the elected members will automatically retire after 2 years, but shall be eligible for re- ele¢tion or being co-opted. Trustee induction and training New trustees undergo a period of Induction for one week and gel skills training relevant to them. Objectives and activities "We aim to enhance the quality of life and enable independent livlng of the Indian Elderly by providing services in support of their social, medical and welfare needs. To promote the relief of elderly people, in particular the elderly Indians, in any manner deemed by law to be charitable within the City of Manchester and surrounding areas with which the Centre 15 conlracled. To provide provisions to meet basic and culturally sensitive needs of the elderly living in the above mentioned areas. To raise awareness of the specific needs of the elderly In order to strengthen linkages and support systems with the voluntary and slalulory sector. To better utilise and develop under-used community facilities and buildings in both 51alutory and voluntary sectors for use by elderly in the above mentioned areas. To provide culturally sensitive day resource services, including a lun¢heon club, recreational facilities including customary food, social activities. enlerlainmenl, games, outings, visits and preventative health care and rehabilitation facilities i.e. physiolherapy, occupational therapy, chiropody, exercise classes and Indian dancing classes. To provide a platform for the development of mutual self-help, which in turn ensures a belter quality of life and social care for the independent living of the elderly. To liaise with slalutory and non-slalulory sectors on planning, adoption and implementation of effective policies. To affiliate to the National Federation of Community Associations and lo other organisations with similar charitable obiecls. A review of our achievements and performance.. How our activities delivered public benefit: The majority of our members are old age pensioners with some sort of disabililyl health problems. However we are continuing with current Indoor aclivilie5 like art work, music, singin9, card games, exercise elc. During the year 2-3 days outdoor trips are popular with our members. Financial revlew In the year to 3151 March 2024 the charity had a lolal income of £64,051 12023 £72,615) and total expenditure of £136,8831?023. £110,233) Thi5 resulted in a nel deficit for the year of £72,83212023. deficit £37,618) which was funded from our reserves. At the end of the financial year restricted r•#erves qtood at £84. 588 of which £83,131 related to part of the book value of the building. At 31. March 2024 £100,000 was held on fixed term deposits maturing between 2D23 an¢J 202>.VVe naa io move our lar9e fixed deposits from the Bank of Baroda as 1t is winding down operations in the UK.
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI Investment powers and policy 11 is our aim that monies not required for day to day running costs are held in interest bearing fixed term deposits. Reserves policy and going concern The balance held in unrestricted reserve5 at 31 sl March 2024 was £728,910 of which £711,988 are free reserves, after allowing for funds tied up in tangible fixed assets. The trustees aim to maintain free reserves in unreslricled funds al a level which equates to approximately 24 months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds lo respond lo applications for grants and ensure that support and governance costs are covered. The Trustees consider, having regard lo the cash deposits and budget for the next twelve months, that the charity is a going concern. Risk management The trustees have conducted a review of the major risks lo which the charity is exposed and systems have been established lo mitigate those risks. Plans for Future Periods: The Management commillee is very concerned al the deficits that have occurred in the last few years. The Management Committee has discussed the financial situation and is looking for ways to generate income by hiring out the venue elc.. Trustees responsibilities in relation to the financial statements The Gharity trustees are responsible for preparing a Iruslees, annual report and financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial slatemenls, the Iru5tees are required lo.. Select suitable accounting principles and then apply them consistently., Observe the methods and principles in the applicable Charities SORP., Make judgments and estimates that are reasonable and prudent., Slate whether applicable accounting standards have been followed, subject to any material departures that musl be disc105ed and explained in the financial slalementS'. Prepare the financial slalements on a going concern basi5 unless It Is appropriate lo presume that the charity will continue in business The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and lo enable them lo ensure that the financial statements comply with the Charities Act 2011 , the applicable Charities IAccoLJnls and Reports) Regulations, and the provision of the Trust deed. They are a150 responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 151h July 2024 and signed on their behalf by.. Mr Niranjan Bhalt Chair of Trustees
INDF.PF.NDF.NI' F.XAMINI,:RS IIF.poiI'r Tn TTrIF. TIIIJSTF.r.s OF
INI)IAN (ib:Nl()11 CI"I'l/.b.N'S CTr:N'I'IITr: (MANCllb..%"rTr:R}
ilb.I: IS"I'Tr.RF:I) CIIAIII'I'Y N(). 1040167
I report on tIiL <tccounts ol'thc ch(Irily, lor the YLar I". ndcd 31- M<irch 2024 wli iLh (Irc .scl out on
pag)cs 5 to 13.
Rc%pcctivc Rcsponsi bilitie8 (If Tru%tL'C*i rfin(l Tr.xam inL'r
'riiL Lhariiy s IrLisILC% cll-L l-L.%P()ns iblL l ()r IIiL' I)I'L'I)ill-cilii)n <)l- the acc()Llllt%. 'l-hc ch
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Year Ended 31.3.24 Total Funds Year Ended 31 3.23 Total Funds Notes Unreslricled Restricted Funds Funds INCOME FROM: Donations & Legacies Charitable Income Income from Trading Activities Bank Interest Other Income TOTAL 121 131 141 8,884 26,846 7,398 4,050 245 47.423 1,871 14,757 10,755 41,603 7,398 4,050 245 64,051 8.721 56.781 1,975 4,678 460 72,615 16,628 EXPENDITURE ON.. Charltable Actlvitle8 Isi 1117,2211 119.6621 1136.8831 1110.2331 TOTAL 117,221 19,662 136,883 110,233 NET INCOME IEXPENDITURE} 169,7981 13,0341 172,8321 137,6181 TRANSFER BETWEEN FUNDS 1121 RECONCILIATION OF FUNDS Total Funds Brought Forward 798,708 87,622 886,330 923.948 Total Funds Carried Forward 728.910 84.588 81 ,49 886,330 The slalemenl of financial activities Includes all gains ancl losses in the year. All incoming resources and resources expended derive from conlinLJing aclivilies. The notes on pa9e5 8 to 13 form part ol these accounts.
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible Fixed Assets 191 100,053 114.151 CURRENT ASSETS Debtors Bank Deposits Cash al Bank and in Hand 1101 5,040 100.000 610,523 10.313 738.490 25.637 715,563 774,440 LIABILITIES.. Amounts falling due within one year 2,118 2,261 713,445 772,179 NET CURRENT ASSETS 813,498 886,330 ACCUMULATED FUNDS Restricted Unrestricted 1121 1121 84,588 728,910 813.498 87,622 798,708 886,330 Approved and signed on behalf of the Trustees Management Committee I Chair Mr Niranjan Bhall l Treasurer Mr Hasmukh Patel Oale: 15th July 2024 The notes on pages 8 10 13 form part of these ac¢ounls.
INDIAN SENIOR CITIZEN'S CENTRE {MANCHESTER) STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31ST MARCH 2024 Reconciliation of nel movement in funds to net cash flow from operating activities 2024 2023 Net movement in funds Add back depreciation Deduct Investment Income Decreasellincreasel In debtor5 Increaselldecreasel in creditors 172,8321 137,6181 14,098 19,294 14 0501 14,6781 5,273 12,9461 11431 129,8671 Net cash used in operating activities 57,654 55,815 Cash flows from Investment activltleg.. Interest Purchase of fixed assets Net cash provided by investing a¢tivltie$ 4,050 4,678 2.388 2.290 4.050 Increaselldecreasel in cash and cash equivalents during the year 153,6041 153,5251 Cash and cash equivalents brought forward 764.127 817,652 Cash and cash equlv4lent8 carried forward 710,523 764,127
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES lal Basls of preparation and assessment of going concern The accounts (financial stalementsl have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise slated in the relevant notes lo these accounts. The financial 51alemenls have been prepared in accordance with the Slalemenl of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 Issued January 2019 and the Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The charity conslilules a public benefit enlily as defined by FRS 102. The Iruslees consider that there are no material uncertainties about the charity's ability lo continue as a going concern Ibl Funds structure Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by the donor or trust deed. There are 2 reslricled funds al the year end Unreslricled Income funds comprise those funds which the Iruslees are free lo use lor any purpose in furtherance of the charitable objects Unreslricled funds Include designated funds where the Iruslees, al their discretion have created 8 fund for a specific purpose. Further details of each fund are dI5closed In note 12. (¢1 Income recognltlon All income is recognised once the charity has enlillemenl lo the income. il is probable that the income will be received and the amounl ol Income receivable can be measured reliably Donations are recognised when the charity has been nolilied In writing of both the amount and selllemenl dale In the event that a donation Is subject lo conditions that require a level ol performance before the charity is enlilled lo the funds, the income is deferred and not recognised until either those eonditions are lully mel, or the fullilmenl ol those conditions is wholly within the control of the charity and il Is probable that those conditions will be fulfilled in the reporting period Interest on funds held on deposit Is 1ncluded when receivable and the amount can be measured reliably by the charity., this Is normally upon nolilicalion of the interest paid or payable by the bank. Idl Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or ¢on$tru¢tive obligation cornmi111ng the charity lo that expenditure. il Is probable that selllemenl will be required and the amount ol the obligation can be measured reliably. All expenditure is accounted lor on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned lo the applicable expenditure headings. For more information on thi$ allr1bulion refer to nole111 below. lel Irrecoverable VAT Irrecoverable VA T is charged against the expenditure heading lor which it was incurred. In Allocatlon of support and governance costs Support co3t5 have been allocaled between governance costs and other support Costs. Governance costs comprise all costs involving the public 8ccounlabilily ol the charity and Ils compliance with regulation and good practice These costs Include costs related lo independent examination and legal lees together with an apportionment ol overhead and support costs. Goverriance c051s and support costs relating lo charitable activities have been apportioned based on 51aff time and facilities LJ8ed in each activity The allocation of support and governance costs is analysed in note 6. Igl Charltable Activltles Costs of charil8ble activities include governance costs and an apportionmenl of support costs a$ Shown in Note 5.
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 {hl Tangible fixed assets and depreciation Fixed assets are included in the 2ccounls al nel book value. Additions of a single item or a group of similar assets exceeding £500, are c8pilalised al cost Ivalualion lor donated asselsl. Depreciation is provided lo write off the cost less the eslimaled residual value ol tangible fixed assets over their eslimaled useful lives as follows'.- Buildings 2 /D on cost Building Improvement5 10'/o on cost Vehicles 250/0 on cost Computer5 250/0 on cost Furniture & Equipment 25,10 on cost The charity, being a public benefit enlily, does not consider that Il holds the buildings as an investment. The building was purchased using a grant from the National Lotteries Charity Board (Community Fund) and is slated al cost less deprecialiori. 111 Taxatlon The organisation is exempt from income lax by reason of Ils charitable slalus. Income lax suffered on Investment income is reclaimed in full. The Charity 15 not currently registered for VAT. ljl Penslons The charity contributes lo a defined contribution pension scheme. The charity has no liability beyond making ils contributions and paying across the cjeduclions for the employee's conlribulions, Ikl Contingent liabillties A conlingenl liability is identified and disclosed for those Iran5aclion5 resulting from a possible obligation which will only be confirmed by the occurrence ol one or more uncertain future events not wholly within the Iruslees. control, 111 Debtors Trade and other debtors are recognised al the selllemenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel ol any Iracle discounts due. Iml Creditors and Provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a pa51 event that will probably result in the Iransler ol the funds lo a third party and the amount clue lo settle the obligation can be measured ol estimated reliably. Creditors and provisions are normally recognised al their settlement amount after allowing lor any trade discounts due Unrestrictod Restrlcted Funds Fund5 Total 2024 Unreslricled Reslricled Funds Fund$ Total 2023 2 DONATIONS & LEGACIES Donations Gift Aid 7,315 1,569 8,884 1,871 9,186 1,569 6,988 1,753 8,721 6,968 1.753 8,721 1,871 3 INCOME FROM CHARITABLE ACTIVITIES Unrostricted Rastrictgd Funds Funds Total 2024 Unreslricled Funds Restricted Funds Total 2023 Trafford Housing Trust Bury MBC NHS Manchester CCG Forever Manchester Greater Manchester Mental Heall Members Meals Member5 Holidays & Tr1PS Membership 8,999 3.996 10.964 1.100 3.000 8,999 3,996 10,964 1.100 3.000 20,254 1,219 3,080 1,500 11,032 1.500 11.032 18.589 18,589 2.225 3.221 20,254 2.225 1,219 3,221 3,080 MciiiL)ci3 Ti tsi)?port 8orYiGQI 5,03G 26,846 5,03É ,460 14,757 41,603 27,503 29,278 56.781
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 10 4 INCOME FROM TRADING ACTIVITIES Unrastricted RestiScted Funds Funds Total 2024 Unrestricted Funds Restricled Fund5 Total 2023 Room Hire 7,398 7.398 7,398 7,398 1,975 1,975 1,975 1,975 EXPENDITURE ON S CHARITABLE Unrestrictèd R•$trictgd Fund5 Funds Total 2024 Unreslricled Funds Reslricled Funds Total 2023 Employment Costs Freelance & Sessional Work Staff Training DBS Checks Volunteer Expenses Meals & Food Physiolherapy, Chiropody, Exercise Classes elc Travel & Transport Vehicle Costs Members Holidays & Trips Celebration & Events Support Costs Governance Costs 31.869 2,026 76 46 2,777 357 61 34,646 2,383 137 54 17,619 1,027 65 6,985 399 25 24,604 1,426 90 22 17.715 30 23,719 21.509 683 22.192 6,004 2,529 205 8,594 446 36 1,164 1,795 382 11,743 210 19,662 2.975 241 7,758 1,795 2,547 60,060 2.095 136 883 1.045 503 5,290 2,000 3,045 195 698 2,057 7,347 1,225 1.225 534 1,908 12,102 43,508 737 2,633 32,271 110,233 2,165 48,317 1.886 117,221 1,374 31,406 1.896 77.962 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS lieneral Support Governance Total 2024 (ieneral Support Governance Total 2023 Employment Costs Premise5 Costs Website Legal Fees Repairs & Maintenance Printing, Slalionery & Post Insurance Television. Telephone & Inlèrnet Depreciation Sundries Sofmare Costs Bank Charges Accountancy & Payroll 10,763 8,940 59 6,632 13,9e8 474 3,115 1.329 14.098 544 60 78 566 11,329 8,940 59 6.632 13.968 474 3,115 1.329 14.098 544 60 78 1,529 62,155 7,210 6,355 25 1,272 8,482 6,355 25 6,195 302 2,751 1,091 19,294 222 6,195 302 2,751 1,091 19,294 222 63 63 1,361 46,141 1.529 1,361 2,633 60,060 43.508
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 11 7 STAFF COSTS 2024 2023 Wages and Salaries Employers National Insurance Pension Costs 45,975 33,086 45,975 33,086 The charity considers Ils key management personnel comprises the Iruslees. The total employment benefits, including employer pension contributions ol the key management personnel were £nil No employee ha5 benefits in excess of £60,000 The charity employed 5 people during the year Ifull time equivalent of 2 people) The average number of employees. working on a part lime or sessional basis, analy5ed by function was.. Client Care Services Management & Adminislralion 8 TRUSTEES, REMUNERATION AND EXPENSES No remuneration was paid directly or indirectly out ol the funds of the charity to any trustee or lo any persons known lo be connected with them No reimbursement ol expenses ha5 been made or Is due lo be made lo any of the Iruslees in respect ol the period. Security. Computer Furniture & Equipment Equipment FIXED ASSETS Buildings Building Improvements Vehicles Total COST As al 1 sl April 2023 Addition5 Disposals As at 31 March 2024 202,200 700,265 35,107 25,368 129,329 1.092.269 202,200 700.265 35,107 25,368 129,329 1,092,269 DEPRECIATION As al 1st April 2023 Charge lor year Disposals As at 31 March 2024 101.100 4,044 692.898 5,566 31.407 3.699 25.175 192 127,538 978,118 597 14,098 105,144 698,464 35,106 25,367 128 135 992.216 NET eooK VALUE As al 31 March 2024 1,801 1,194 100 053 As at 31 March 2023 101,100 7,367 3,700 193 1,791 114,151 10 DEBTORS 2024 2023 Other Debtor5 Accrued Income Prepayments 358 1,819 2,863 6,393 3,920 10,313 In 2024 and 2023 debtor8 all relate to unreslricled funds. 11 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other Creditor5 Accruals 313 1,805 2,118 161 2,100 2,261 DEFERRED INCOME 2024 2023 Deferred Income brought forwar¢ Deferred In Ihe year Released In the year Deferred income carried forward 999 8.999 All liabilities relate to unrestricted funds.
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31 MARCH 2024 12 12 MOVEMENT IN FUNDS OF THE CHARITY Balance 1 Aprll Incomlng Transferg Outgoing 2023 Balance 31 March 2024 Restricted Funds.. Bury M8C NHS Manchester CCG Donations building Members Holidays & Trips 1,500 11,032 1,871 2,225 16,628 11,5001 111,0321 11,8711 1.795 16.198 1,027 1,027 1,457 1,457 Restrlcted Capltal Funds.. Building 86,595 86,595 87,622 3,464 3,464 19,662 83,131 83,131 84,588 TOTAL 16,628 Unrestricted Funds.. General Unrestricted Capital Funds TOTAL 771,152 27,556 798,708 886,330 47.423 1106,5871 711,988 10,634 16,922 117,221 728,910 136883 813,498 47,423 64,051 Previous Year 8alanc& 1 April 2022 8alance Outgoing 31 March 2023 Incoming Transfers Reslricled Funds.. Traflord Housing Trust Bury MBC NHS Manchester CCG Forever Manchester Greater Manchester Mental Health Members Holidays & Trips 523 8,999 3.996 10.964 1,100 3,000 1,219 29,278 19,5221 13,9961 110,9641 11 1001 13,0001 225 28,807 33 556 1.027 1.027 Reslricled Capital Funds". Community Fund - bu11ding Insurance Claim - building 13,529 76,530 90,059 90,615 15201 2,944 3.464 32.271 13,009 73,586 86,595 87,622 TOTAL 29,278 Unreslricled Funds". General Unreslricled Capital Funds TOTAL 792.335 40,998 833,333 923,948 43.337 16,4141 6.414 158,1061 771,152 19,856 27,556 77,962 798,708 110,233 886,330 43,337 72,615 Details re funds.. Restricted Revenue Funds.. Bury MBC Trallord Housing Trust NHS Manchester CCG Forever Manchester Greater Manchester Mental Health Contribution Toward5. towards centre costs and Covid safe transport toward5 Covid-19 support towards preenlalive social and health services towards activity costs, equipment & website development towards yoga ancl exercise sessions and related transport cosL¢ Capital Funds thi5 represents the book value of fixed assets still lo be depreciated
INDIAN SENIOR CITIZEN'S CENTRE {MANCHESTERI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 13 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assets Net Current Assets 2024 Total Fixed Assets Nel Current Assets 2023 Total RESTRICTED FUNDS. 1,457 1,457 1,457 1,457 1,027 1,027 1.027 1,027 RESTRICTED FUNDS ICAPITALI Building 83,131 83,131 83,131 83,131 86,595 86,595 86,595 86.595 UNRESTRICTED FUNDS. General Designated 711,988 711,988 16,922 728,910 771,152 771.152 27,556 771,152 798.708 16,922 16,922 27,556 27,556 711,988 TOTAL FUNDS 100,053 713,445 813,498 114,151 772,179 886,330 14 CAPITAL COMMITMENTS 2024 2023 Maintenance work contracted bul not provided lor 8,858 15 GOING CONCERN The charity's main source ol income 15 grant funding and investment income. The Iruslees consider, having regard to reserves that il is appropriate lo prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjuslmenls that would be necessary il the funding income should cease. 16 POST BALANCE SHEET EVENTS The Trustees do not consider that there have been any events since the balance sheet dale that 5ignilicanlly impacl on the financial slalements. 17 FINANCIAL INSTRUMENTS The chaflty only has financial assets and financial Iiabililies of a kind Ihat qualify as basic financial Inslrumenls. Basic financial instruments are Initially recognised al transaction value and subsequently measured al their selllèmenl value.