Advocacy for All Petter INes Advocacy For All {A Company Limrted by Guarantee) Company No. 03407428 Charity No. 1064855 Report and financial statements For the year ended 31 March 2024 Advocacy For All Report and financial statements For the year ended 31 March 2024 Contents Page Reference and administrative infonnation Trustees, annual report Independent auditors. report Statement of financial activities (incorporating an income and expenditure account) 10 Balance sheet 11 Statement of cash flows 12 Notes to the financial statements 13-20 Advocacy For All Report and financial statements lor AH For the year ended 31 March 2024 Trustees: Chair- John Watts Trustee- Brian James Trustee- Linda Duhig Trustee- Caroline Evans TrLSStee- Oyin Rogers (Appointed 7 September 2023) Chief Executive: Jon Wheeler Company number. 03407428 Charity number. 1064855 Reglstered office: The Civi¢ Centre, St Mary's Road, Swanley. Kent BR8 7BU Auditors: Goldwins Limited 75 Maygrove Road West Hampstead London NIM 2EG oldwins.co.uk Bankers HSBC Bank PIC 184 High Street Bromley Kent BR1 1HE Barclays Bank Pk 24 Li)wfield Street Dartford Kent DA1 1HD Page I I Advocacy For All Report and financial statements For the year ended 31 March 2024 The trustees, who are also directors under company law. present their report and financial statements for the year ended 31 March 2024. The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and artides of association and the Stalement of Recommended Practice - Accounting and Reporting by Charrties: SORP applicable to charrties preparing their accounts in accordance with FRS 102. Objectives and actlvities Purposes and alms Established in 1997. Advocacy for All {AfA) is a people foc￿Sed charty with a long history and excellent record of accomplishment of providing high quality statutory and non-ststutory one to one and self- advocacy in various London boroughs and in Kent. Advocacy empowers vulnerable people, including those with Learning Disabilities (LD), people with mental health issues, people who are neur(Fdiverse and Children and Young People (CYP) to have bigger voices and better lives. Our vision is to support the many people who are considered to be vulnerable and do not have a voice in the way they live their lives, how their services are planned and provided and are unsupported to access community resources and services. Our clients are often isolated. face barrTrers to inclusion, are unable to access Se￿iCe5, soeial and employment opportunities, can SLrfter from poor mental and physical health and can experience abuse in a variety of fom)s. We believe this is a human rights issue, and our approach is person centred. empowering and professional, providing qualrty services that are inclusive. AfA are passionate about enabling all our clients to speak up, make in their lives and access their rights. AfA's strategies for achieving our ststed aims and objectives include,. To concentrate on providing good quality local advocacy services to meet contractual requirements and support people to have a voice and exerose their rights. To continue to diversify the product range of our advocacy services, encompassing both 1-1 and group advocacy work (both statutory and non-stalutory). To ne￿Ork with local authorities. other chafities, businesses. and other parties to further develop new and existing work. and have a greater impact and presence in the local areas where our work takes place. the criteria or measures AfA uses to assess success in the reporting period indude,. AfA routinely collecting and reporting on data of our dients. experiences of the sep4ice, the outcomes and the experiences of semce providers and commissioners. This information is presented, monrtored and rewewed by commissioners at regular meetings, with Ihis data being used to improve and develop the services. Wrth a number of our sep4ices, commissioners will provide AfA with key perfomance indicators that serve as a benchmark for measuringlassessing success with a project. AfA continues to meet contractual demands. reviewed through quarteriy contract review meetings with contract commissioners Page12 Advocacy For All Report and financial statements For the year ended 31 March 2024 o AfA's Qualty Assurance process has been a key focAJS. with a range of staff from across the organisation contributing towards the pursuil of a range of QA goals and targets. AfA continued work with partners, service users and commissFoners helps to identrfy gaps in local prowsion and find new ways of meeting needs and gaps with limlted resources. The wide range of activty undertaken by AfA ensures we continue to meet our stated aims and objectives. Self-advocacy groups and 1-1 advocacy for vulnerable people. including people with leaming disabilities, people wrth Autistic Spectrum condilions. people wtth ADHD and children and yourvJ people. ststutory advocacy work including Indeper)dent Mentsl Capacty Aci, Independent Mental Health Act, Care Act. Paid relevant Person's Representative, NHS Complaints Advoocy. Publlc benefft: The main activities undertaken to further the charity's purpose for the public benefft are listed above. In all these instances, our clients (many ofwhom are socially excluded and vulnerable) need support and a platform lo ensure that their vol￿$ are heard, respected and acted upon. This is in accordance with AfA's stated aims and objectives and highlights the identifiable benefrts made to sections of the public that are identified as most in need. Grants and Trusts: The purpose of AfA's activtties funded through applications for grants is to provide advocacy to support people win their local communities and to provide services for people who cannot access statutory advocacy. Grant and trust income also enables Advocacy for all to Provide innovative and flexible services, enabling people who use sep41￿$ to have a signthcant input in to the development and lrfe of the projects. Volunteers: Volunteèrs are a welkestablished and integral part of Advocacy for All. A volunteer is someone who is not paid except for the reimbursement of genuine out of pocket expenses. Volunteers add to the value of Advocacy for All's work in a wide range of supportive roles by contributing their time. experience and skills. AfA's volunleers work in a wide variety of roles with AfA. including their role as Trustees, providing direct support as well as administrative support. AfA ensures it provides training and support to enable volunteers to develop new skills and experiences many of who then enter the world of employment. Many of AfA's volunteers are people who have lived experience of using services or needing advocacy supporL Aims To encourage, develop and support volunteers to complement and add value to the work of paid staff. At Advocacy for All we aim to.. encourage and enable people to become and remain volunteers. maximise the involvement of volunteers in all aspects of the project. communicate the importance of volunteerin9 throughout the project. Page13 Advocacy For All Report and financial statements for Al For the year ended 31 March 2024 Values and Principles volunteering helps Advocacy for All futril its charitable and strategic objedive. values volunteering as an important part of promoting Advocacy for All's work. appreciates volunteering can change and enrich the Itves of individuals. volunteers help Advocacy for Ail have a postlive relationship wrth the local community. AfA ensures there are adequate resources for the management, support and development of volunteers. Achievements and perfornmnce Advocacy for All continued to provide qualty advocacy and support to the people who used our services, providing flexible and innovative support to people, especially those fijrther disadvantaged or isolated by the restrictions and challenges of the continued pandemic. We were able to innovate and be flexible in how we worked with people. includin9 using technology and remote working. Advocacy for All inueased the number of people who attended groups. with increased access to remote meetings and olher IT solutions. AfA were successful with bids for new contrads where we had worked for several years as well as new opportunities. The provision of good qualrty. local advocacy services has been essential in the succèss Advocacy for all has had in retaining contrads. Financial review Advocacy for All continued to consolidate its financial position. with a solid year financially, being able to add to its reserves. There was continued regular scrutiny of management accounts and financial infom)ation to inform the Board and management team to enable good decision making to ensure financial stability. The main funding sources are through Local AuthorÉty contracts, for the provision of statutory advocacy and Local Health Commissioners for specialist and new projects. We also have several Local Authority Contracts for supporting groups of people with leaming disabilrties and for people with Autistic Spectrum Conditions. Reserve policy AfA was able to make a significant contribution to its held reserves and as part of tls ReseNes policy. continues to prioritise increasing its rese￿e5 over the nexi three years. This will be done through generation of unrestricted income, developing fundraising and corporate fvndraising and identifying grants and trusts to support core services and non-stalutory work. Principal risks and uncertainties The principle risks continue to be Ihe financial pressures experienced by all Local Authorities. which has a significant irnpa￿ on the stabilty of long term funding for all charities. Anolher key risk is the difficulty the sector is experbencing in recruiting new staff. AfA has reviewed how we recruit and will continue to work hard to ensure we are able to pay fair salaries to staff. Page 14 Advocacy For All Report and financial statements For the year ended 31 March 2024 Plans for the future Diversfficats'on of income and building reserves remain the key priorities. This includes developing services and projects in new areas as well as expanding the range of projects and support we offer. AfA will also continue to develop how it has significant input into its strategic planning from people who use services. We will develop our publicty materials and methods for gaining meaningful feedback from the people who use our services. Trustee inductlon and tralnlng Advocacy for All has been successful in attracting new Board members. All new Trustees have to complete an application form. attend an intemew and provide an up to dale DBS check. The Board is Currently reviewing its recruitment and training processes. to ensure a thorough induction and training programme for all Trustees. Related parties and relationships with other oryanisations Advocacy for AR works in partnership with several small charities. These include contract partnerships as well as collaboratNe working to ensure the provision of qualty SUPPOrt for the people who our services. Remuneration policy for key management personnel Management salaries are benth-marked against the industry standard. There are no other remuneration packages or perfomiance related bonuses. Statement of responsibilities of the trustees The trustees (who are also directors of the charrtable company for the purposes of company law) are responsible for preparing the trustees. annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿}. Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of Ihe charttable company and of the incoming resources and application of resources, inGluding the income and expenditure. of the charitable company for that period. In preparing Ihese financial statements, the trustees are required to= Select suitable accounting poli￿eS and then apply them consistently ObseNe the methods and principles in the Charities Statement Of Recommended Practice Make judgements and estimates that are reasonable and prudent State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charty will continue in operation The trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy al any lime the financial position of the charrtable company and enable them to ensure that the financial statements comply wrth the Companies Act 2006. They are also responsible for safeguarding the assets of the Pagel 5 Advocacy For All Report and financial ststements lor Al For the year ended 31 March 2024 charilable company and hence for taking reasonable steps for the prevention and deteGtion of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the Cofporate and financial infomiation included on the charttabte company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statemenls may differ from legislation in other jurisdictions. The tnjstees are members of the charity but this entitles them onty to voting rights. The trustees have no beneficial interest in the charity. Statement a$ to disclosure to our auditorJ In so far as, the truslees are aware: There is no relevanl audit infonnation of which the charttable company s audttors are unaware,. and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the audrtors are aware of that information. Auditors Goldwins Limited were re-appoinled as the auditors of the charitable company during the year and have expressed their willingness to continue in that caparity. The trustees have approved the trustees. annual report on . And signed on their behalf by., nan Ja Trustee Page16 Independent Auditor's Report To the members of Advocacy For All Opinion We have audited the financial statements ofAdvo¢acy for All for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Ihe stslemenl of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United lQngdom Generalty Accepted Accounting Practice). Opinion on financlal statements In our opinion the financAal statements= give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its income and expenditure for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepled Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 20￿. Basis for opinion We conducled our audit in accordanrR with Intemational Standards on Auditing {UK) IISAS {UK)) and applicable law. Our responsibilities under those standards are fLJrther described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements Ihat are relevant to our audrt of the financial stalements in Ihe UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatFng to going concem In auditing the financial statements, we have conduded that the trustees. use of the going con￿rn basis of accounting in the preparation of the financial statements is appropriale. Based on the work we have performed, we have not idenlrfied any material uncertainties relating to events or conditions that, individually or collectively, may cast signrfi&int doubt on the charity's ability to continue as a going concern for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilits'es of the directors with resped to going concem are described in the relevant sections of this report. Other infomiation The trustees are responsible for the other infom)ation. The other infonnats'on comprises the information included in the annual report other than Ihe financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the othei infonnation and, excepl to the extent otherwise explicitly stated in our report, we do nol express any form of assurance conclusion thereon. In connection with our audrt of the financial ststements, our responsibilty is to read the other information and. in doing so. consider whether the olher information is materially inconsistent with the financial slatemenls or our knowledge obtained in the audFt or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial ststements or a material misstatement of the other information. If. based on the Pagel 7 Independent Auditor's Report To the members of Advocacy For All work we have perfomied. we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing lo report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees. report (incorporating the direclors, report) for the financial year for which the financial slatements are prepared is consistent with the financial statements., and the trustees. report {incorporating the directors. report) have been prepared in acGordan¢e wtlh applicable legal requirements. Matters on which we are required to rnport by exception In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identtfied material misstatements in the Trustees. Annual Report. We have nothing to report in respect of the following matters where the CoMpan￿S Act 2006 requires us to report to you if, in our opinion- adequate accounts'ng records have not been kept or retums adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and returns- or certain disclosures of trustees. remuneration specifjed by law are not made.. or we have not received all the information and explanations we require for our audit. Responsibilities of the trustees As explained more fully in the Trustees. Responsibilit￿$ Statement. the trustees (who are also the directors of the charrtable company for the purposes of company law) are responsible for the PTeparation of the financial statements and for being satisfied that they give a true and fair view and for such intemal control as they determine is ne￿$Sary to enable the preparation of financial statemenls that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's abilty to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees etther intend to a￿uldate the Charty or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audlt of the financial statements Our objectives are to oblain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error. and to Issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will atrways detecl a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with OUT responsibilibes, outlined above, to detect material misstatements in respect of Page18 Independent Auditor's Report To the members of Advocacy For All irregularilies. induding fraud. The extent to which our procedures are capable of detecting irregularilies, including fraud are set out below. In identifying and assessing risks of material misstatemenl in respect of irregularities. induding fraud and nonvcompliance with laws and regulations, our prO￿dureS included the following.. We enquired of management. whi¢h included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to the intemal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. We inspected the minutes of meetings of those tharged with govemance. We reviewed the financial statement disdosures and tested Ihese to supporting documentation to assess compliance with applicable laws and regulalions. In addressing the risk of fraud through management override of controls, we tested the approprialeness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested signfficant transactions that are unusual or those outside the normal course of business. Because of the inherent limilations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater fegarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission or misrepresentstion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's webstle at: [w%ww.frc.org.uklauditorsresponsibiltliesl. This descripts'on forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audtl work has been undertaken so that we might state to the charity's members those matters we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent pem)itted by law, we do not accept or assume responsibility to anyone othèr thars the charity and the charty's members as a body, for our audit work, for this report. or for the opinions we have formed. Anthony Epton {Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG 4 December 2024 Page19 Advocacy For All Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2024 2024 Totsl funds 2023 Total funds Unrestricted Restricted fvnds funds Note Income from: Donations 800 800 361 Charitable activtties 1,223,747 149,915 1,373,662 1.306.441 Totsl income 1,224,547 149,915 1.374,462 1,306,802 Expenditure on: Charitable aCtI￿lieS 1,114.472 146.026 1,260,498 1,291,464 Tolal expenditure 1,114.472 146.026 1,260.498 1,291,464 Net income I (expenditure} for the year 110,075 3,889 113,964 15.338 Transfers betsveen funds (7,860) 7,860 Net movement in funds 102,215 11,749 113,9fA 15,338 Reconciliation of funds: Total funds brought foThYard 167.401 14.111 181,512 166,174 Total funds carried foThvard 13 269,616 25,860 295,476 181.512 All of the above results are derived from continuing aCtsVit￿S. There were no olhei recognised gains or losses other than those slated above. The attached notes form part of these finanaal statements. Page 110 Advocacy For All Balance sheet As at 31 March 2024 2024 2024 2023 2023 Note Fixed assets 5,611 4,585 Currènt assets: Debtors Cash at bank and in hand 10 231,865 138,334 370.199 230,508 70,924 301,432 Liabilities: Creditors.. amounts falling due within one year 80,334 124,505 Net current assets 289,865 176.927 Total assets less current liabilllles 295A76 181,512 Total net assets 295,476 181,512 Funds Restricted funds Unrestricted funds 13 25.860 269.616 14,111 167,401 Total funds 295,476 181,512 Approved by the trustees on . and signed on their behalfby: anJ Trustee Company Regi8trdtion No. 03407428 The attached notes forni part of the financial statements. Page 111 Advocacy For All Statement of cash flows For the year ended 31 March 2024 Note 2024 2024 2023 2023 Net cash provided by l (used In) operntlng activities 14 70.307 39,461 Cash flows from investing activities: Salel (purchase) of fixed assets 2,89 2,656 Cash provlded by l {used in) investing activities 2,897 2,656 Change in cash and ￿$h equivalents in the year 67,410 36.805 Cash and cash equivalents at the beginning of the year Change in cash and cash equivalents due to exchange fate movements 70,924 34,119 Cash and cash equlvalents at the end of the year 15 138.334 70,924 Page112 Advocacy For All Notes to the financial statements For the year ended 31 March 2024 l Accounting policies a) Basls of preparatlon The financial statements have been prepared in accordance wtlh Accounting and Reporb'ng by Charities.. Statement of Recommended Practice applicable to chanb.es preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - {Charitie$ SORP FRS 102) and the Companies Act 20C6. The charitable company meets the definition of a public benefrt entty under FRS 102. Assets and 11a￿.11t1eS are inrtially recognised at historical cost or transath'on value unless otheMise stated in relevarbt accounth'ng policy or note. b) Golng concern The trustees consider that there are no material Un￿rtaIn￿'eS about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any soUr￿S of estimation Un￿rtaInty at the reporting dale that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities vAthin the next reporbng period. c) Income Income is recognised vthen the charity has entillemenl to the funds. any perfomiance conditions attached to the income have been rneL it is probable that the income wll be received and that the amount can be measured reliably. Income from govemment and other grants, whelher'caprtal, granls or 'revenue' grants. is recognised when the charity has entitlement to the fijnds. any perfoThance condib'ons attached to the grants have been met, it is probable that the income wll be received and the amount can be measured ￿lIablY and is not deferred. Income r￿1Ved in adVar￿ for the provision of speaffied Servi￿ is deferred until the criteria for income recogn￿'on are met. For legacies. entrtlement is taken as the earfier of the date on vthith ether.. the chanty is aware that probate has been granted. the estate has been finalised and notification has been made by the executor{s} to the charity that a distribution viill be made, or vthen a distribubon is re￿IVed from the estste. Receipl of a legacy. in whole or in part. is only considered probable vthen the amount can be measured reliably and the charty has been notsfied of the executor's intention to make a distribution. ￿￿ere legaaes have been notified to the charity, or the chanty is aware of the granting of probate. and Ihe cnteria for income recogniti'on have not been met. then the legaGy is a treated as a contingent asset and disdosed if material. d) Donatlons of glfts, sérvlces and facllitles Donated professional services and donated tscilrties are recognised as income vthen the charity has control over the item or received the servi￿, any (xsndib"ons aSS¢￿ated wth the donation have been met, the receipt of economic benefit from the use by the tharity of the item is probable and that economic benefit can be measured reliably. In accordance vAth the Charities SORP {FRS 1021, volunteer time is not recognised so refer to the trustees. annual report for more infonnab.on about their contn"bLrt'Eon. On re￿IPt, donated gifts. professional serv¢ces and donated faalities are recx)gnised on the basis of the value of the gift to the chanty which is the amount the d￿nty would have been viilling to pay to obtain serVi￿S Dr facilities of equivalent economic benefit on the open market" a corresponding amount is then recognised in expenditure in the period of receipL e) Interest recelvable Interest on funds held on deposit is incfuded when receivable and the amounl can be measured reliably by the charity.. this is normally upon notsficabon of the interest paid or payable by the bank. Pagel 73 Advocacy For All Notes to the financial statements For the year ended 31 March 2024 1 Accounting policies (contlnued) n Fund a¢¢ountlng Unrestricted funds are available to spend on activth.es that further any of the purposes of charity. Designated funds are unrestricted funds of the chanty which the trustees have deuded at their discretion to set aside to use for a Specific purpose. Restricted funds ale donats'ons vthich the donor has 5peafied are to be solely used for particular areas of the chanty's work or for speafic projects being undertaken by the charity. g) Expendlture and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settiemenl will be required and the amount of the obligaion can be measured reliably. Expenditure is classified under the following actr'vty headings.. Costs of raising fijnds compnse of trading costs and the costs incurred by the charitable company in induung third parties to make voluntary contributions to rt. as VRII as the cost of any activities a fundraising purpose. Expenditu￿ on charitable aclivities indudes the costs of delivering services and other activilies undertaken to fvrther the purposes of the charity and their asswated support costs. other expenditure ￿preSentS those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activty for vthich the expenditure vrns incurred. hl Allocatlon of support costs Support costs a￿ those functions that assist the work of the charity but do not diredy undertake charrtable activities. Support costs indude back office costs. finan￿, personnel. payroll and governance costs. These costs have been allocated betsveen cost of raising funds and expenditure on charttable activities. The bases on which support costs have been allocated are set out in note 5. 11 Operatlng leases Rental char9es are charged on a straight line basis over the tem) of the lease. jl Tangible fixed assets Items of equipment are capitalised where the purchase price exceeds £1,000. Depreoalion is provided at Tales calculaled to write down the cost of each asset to its ests'mated residual value over rts expected useful life. The depreuation rates in use are as follows.. F￿tureS and fitb.ngs 25Y. Computer equipment 25Y. k) Debtors Trade and other debtors are recognised at tt)e settlemenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. l} Cash at bank and in hand Cash at bank and cash in hand indudes cash and short temi highly liquid investments wth a short maturity of three morsths or less from the date of acquisth.on or opening of the deposit or similar account. m) Creditors and provisions Creditor5 and provisions are recognised vthere the chanty has a preserrt obligab.on resulting from a past event that wll probabty result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliabty. Creditors and provisions are nonnally recognised at their settlement amount after allowing for any trade discounts due. n) Flnancial instruments Basic financial instruments are initially recognised at transaction value and subsequendy measured at their settlement value the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. o} Perrdlons Advocacy for All provides a deffined