REGISTERED CHARITY NUMBER: Charlty Commlsslon England & Wales - 1081728 ASPHALEIA ACTION REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 30 JANUARY 2024
ASPHALEIA ACTION CONTENTS OF THE ACCOUNTS FOR THE YEAR ENDED 30 JANUARY 2024 Page Reference and administrative details Trustees Annual Report Independent Examlnefs Report Statement of Financial Activities Comparative Statement of Financial Activities Balance Sheet Cash flow Statement 10 Notes lo the Accounts
ASPHALEIA ACTION REFERENCE AND ADMINISTRATIVE DETAILS Reglstsred Charity number: 1081728 Principal Address 22 Liverpool Gardens Worthing West Sussex BN111RY Trusté88 T Pettifer R Rajkotia R Kilgannon H Roffey Independent Examlner Matthew Bather, ACA Moore (South) LLP City Gates 24 Southgate Chichester West Sussex P019 8DJ Banker8 Barclays Bank plc I Chapel Road Worthing West Sussex BN11 IEX Sollcltors A R Brown & Co. Rivoli Chambers 77-79 Chapel Road Worthing West Sussex BN111HU
ASPHALEIA ACTION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 JANUARY 2024 The Truslees present their annual report on the affairs of the Charity together with the accounts and independent examinerfs report for the year ended 30 January 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charis goveming document. applicable law and the requirements of the Statement of Recommenéed Practice, "Accounting and Reporting by Charities. (FRS 102). We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectwes they have set. Object of the charity The objects of the Charity are to provide care, upbringing and advancement of children and young people in the United Kingdom and intemationally. The Ch8rity was established by a charitable trust deed on 24 November 1999 with further supplemental de&Js on 15 May 2000, 6 June 2005. 28 August 2008 and 11 May 2016. The Charty is registered with the Charity Cornmission with the registered number 1081728. Trustees The followtng trustees have held office since 31 January 2023: T Pettifer R Rajkotia R Kilgannon H Roffey All of the Trustees give their ts'me voluntarily and have receNed no benefits from the Charity. No expenses were reimbursed to them during the year. Structure. constitutlon and organlsatlon Asphaleia Action is overseen by a Board of Trustees. Day to day operational matters and project work are led by the Charity Manager repo.ng back to the Trustees regularly. In the last period, the Charity has not undertaken or sought to undertake any new project work with children and young people. The charities activities had come to a natural period of projects ending. Specific energy was committed to ensuring the projects were clos&J effectj'vely and asphaleia action completed all funder audit trails successfully. During this financial period Trustees supported the closure of the SAFE project (funded by Big Lottery in West Sussex) supporting YP vulnerable to sexual exploitation in Sussex. Jon Snow continues to be the Patron of Asphaleia Action.
ASPHALEIA ACTION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 JANUARY 2024- continued Revlew of actlvltles The objectives of the charity remain the same. However, as long-term projects have been coming to an end the Trustees, had agreed it was a prudent moment to tske stock of the charities achievements and leaming, review objectives of the charity and strategicalty plan the future direction of the charity to ensure best use of resources and plan future actwities. The Trustees. hac5 agreed once the SAFE WS project closure had been confirmed by the funder and accounted for in the year end accounts, a timeline plan of review would be scheduled subsequently. The project has now been confirmed closed by the fvnder and future plans are being scheduled. Fundraising The charities restricted funds related to the SAFE prqect were a continuation of funding from the respective funders. Throughout the year localised fundraFsing awareness activities took place to supp)rt the Charity's general funds recerved from donors, a local community shop fund and committed donations. These funds have ensured all general running expenses have be8n covered. Asphaleia Action are members of the Fundraisin9 Standards Board who support charities in being ac(x)untsble ft)r their fundraising and improving fundraising standards. Going forward, the Trustees will approve 8 new fundraising strategy for Asphaleia Action in line with the charities objectives. In April 2023, we were contacted by a solicitor to be informed of 8 general funds legacy, a house has been left in a will to the charity along with five other charities. The deceased donor w8S unknown to all six charities. In December 2024. we have r1Ved the final legacy amount from the house sale division with the other charities and setttement of the estate. The Trustees will be meeting to discuss use of the funds received in due course. Finance Following on from last years accounts, the Charity has maintained its operations within the target budgel for the restricted piojeGt funds. The ongoing general funds has been closely assessed and monitored to cover all ongoing operating expenses. The continued steps for the Charty are to develop a retained surplus year end position to develop the charities sustained operationally impact in line with the charities objectives. Financial controls There are no difficulties in maintaining the fInanGial Gontrols of the Chartty. The financial transactions continue to be simplified and managed by the Finance straff with reports being shared with Trustees regularly. Purpose of the Charity and Spending Spending is within the original purpose of the Charity. ReStrted funds have not been used to meet general expenditure and the remaining balance of funds are being discussed with the Lottery as part of the closure of the project. Governance and control Trustees are supported with shared access to Asphaleia Action infomiation: charity deeds, meeting minutes, financial infomiation, poliaes, project portS. Virtual video meetings ensure quorum can be maintained. Reserves As agreed by the Trustees in the charities p)licy, the Charity is working towards maintaining the reserves at a level equivalent to 3 months, operational expenses. The Trustees consider that SerVeS at this level will ensure that. in the event of a signifKant drop in funding, they will be able to continue the Charty's current activities whilst consideration is grven to additional fundraising streams. Fundraising has secured an annual commitment to cover all general operating costs of the charity ongoing. Additionally, on receipt of a significant legacy to general funds. the Trustaes intend to ieview the reserves position.
ASPHALEIA ACTION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 JANUARY 2024-continued Rlsk management The Trustees have reviewed the risks to which the Charity is exposed to utilising Ch8rities Commissioning, Fundraising Stsndards Board and NCVO resources to inform discussion. The Trustees have implemented responses to oversee a risk management strategy that comprises: A regular review of the risks the Charty may face. The establishment of systems and procedures to mitigate those risks identified. The implementation of procedures to minimise any potential impact on the Charity should any ol those n'sks materialise. Introduction of standing items induding Safeguarding and GDPR. Policies Asphaleia Action has numerous operational policies; EmIOyMent, Organi&qtional. Safeguarding. Heallh & Safety and servi User focussed. The Trustees. have a specific policy operational and practice document. The policies ar8 revlewed regularty. updated and easily accessible for Trustees. Truste8 Trnining The present Trnstees have a wealth of relevant life experien for their appointed roles. They are supported ongoing via Asphaleia Action with access to professional advice and guidance provided from Charities Commissioning, Fundraising Standards Board and NCVO. AdditionalW, they recognise the need for a programme of ongoing training. The Trustees in their own professions complete and refresh courses including Child Protection and Equality and Diversty. Futurè Plans The objeGtives of the charity remain the same. During this year, the charity was notified of a legacy. which was received in December 2024 and accounted for within these financial statements. The Trustees will be holding the series of meetings to discuss the use of the funds and review the direction of the charity in due course. rru8tees' Rosponsibilities Statement The trustees are responsible for preparing the Trustees, Annual Rep)rt and the financial statements in accordance with spplicable law and United Kingdom Accounting StarKlards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the twstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application ol resources of the charty for that period. In preparing these financial statements, the trustees are required to: select suitable accounling policies and then appty them consistenty; observe the methods and principles in the Charities SORP; make judgements and accounting estimates that are reasonable arKI prudent. prepare the financial ststem8nts on the going concem basis unless it is inappropriate to presume that the charity will continue in business.
ASPHALEIA ACTION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 JANUARY 2024- continued The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charits'es Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of Iraud and other irregularities. Small companies oxemption This report has been prepared with the provisions appliGable to companies entitled to the small companies exemption. By Order of Ihe Board. T Pettifer Trustee Date: Iilg2125
ASPHALEIA ACTION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASPHALEIA ACTION I report to the Charity Trustees on my examination of the accounts of Asphaleia Action (the Charity) for the year ended 30 January 2024. which comprise of the Statement of Financial Actpiities, the Balance Sheet. the Statement of Cash Flows and the related notes. Responslbllltles and basls of report As trustees of the Charity you are responsible for the preparation of the accounts in aCrdance with the requirements ofthe Charities Act 2011 ('the Act.). I report in respect of my examination of the Charty's a(rounts carried out under section 145 of Ihe 2011 Act arKI in carying out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 145(5){b) of the Act. Independent Examin6rf8 Stsfement I have completed my examination. I confirm that no m8terial matters have come to my attention in connection with ihe examination giving me cause to believe that in any material respeci.. (1) accounting records were not kept in respect of the Charity as required by section 130 of the Act" or (2) the accounts do not accord with those records. or (3) the accounts do not comply with the applicable requirements conceming the foTh and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 cther than any requirement that the accounts gNe a °true and fair Vie which is not a matter considered as part of the independent examinatton. I have no concems and have come across rK) other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper undeFStanding of the accounts to be reached. Use of my r8POrt This report is made solely to the Charity's Trustees, as a body. in accordan with Chapter 3 of Part 8 of the Charities Act 2011. My examination has been undertaken so that I might state to the Chaiity's Trustees those matters l am required to state to them in an independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my examination. for this report. or for the opinions I have formed. -103125 Matthew Bather ACA Moore (South) LLP City Gates 24 Southgate ChSchester West Sussex P019 80J
ASPHALEIA ACTION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JANUARY 2024 2024 Total Funds 2023 Tolal Funds Unrestrlcted Funds Restrlcted Funds Note Income Donations 78.521 78.521 8,350 Charitable actNities (3.981) (3.981) Total Income 78,521 (3,981) 74,540 8,350 Expendlture Charltable expendlture Direct charitable activities Support costs Management and administration 35 3,979 35 3,979 (5,865) 5,844 Total Expenditure 416 4,014 4,014 {21) NET INCOME BEFORE TRANSFERS 74,507 (3,981) 70.526 8,371 Transfer between funds Net rnovement of funds in the year 74.507 (3,981) 70,526 8,371 RECONCILIATION OF FUNDS Total funds at 31 January 2023 601 3,981 4,582 {3,789) Total funds at 30 January 2024 11112 75,108 75,108 4,582
ASPHALEIA ACTION COMPARATIVE STATEMENT OF FINANCIAL ACTMTIES (INCLUDING INCOME AND EXPENDrruRE ACCOUNT) FOR THEYEAR ENDED 30 JANUARY2023 Year Perlod Ended Ended 30 January 30 January 2023 2022 Total Total Funds Funds Unrestricted Funds Restricted Funds Note Income Donations and legacies 8,350 8.350 34,107 Charitsble activities 90,506 Total Income 8,350 8.350 124.613 Expenditur? Charftable expendilure Direct charitable activities Support costs Management and administration 57,248 31,459 16,746 <5,865) 5,844 (5,865) 5,844 Total Expenditure 416 (21) (21) 105.453 NET INCOME BEFORE TRANSFERS 8.371 8A71 19.160 Transfer bétween funds Net movement of funds in thè y•ar 8,371 8,371 19,160 RECONCILIATION OF FUNDS Total funds at 31 January 2022 (7,770) 3,981 (3.789) 122,949) Total funds at 30 January 2023 11112 601 3,981 4,582 (3,789>
ASPHALEIA ACTION BALANCE SHEET AS AT 30 JANUARY 2024 2024 Total Funds 2023 Total Fund8 Nots FIXED ASSETS Tangible assets 1.451 1,812 CURRENT ASSETS Debtors Cash at bank and in hand 71,975 3.105 2,342 1.784 75,080 4,126 CREDITORS Amounts falling du8 Within one year 10 (1,423) (1,356) NET CURRENT ASSETS I (LIABILITIES) 73,657 2.770 TOTAL ASSETS LESS CURRENT LIABILITIES 75.108 4.582 NET ASSETS I (LIABILITIES) 75.108 4.582 FUNDS Unrestricted funds- General q1112 75.108 601 R8Stricted Funds 3.981 TOTAL CHARITY FUNDS 75.108 4,582 The financial statements were approved by the Board of Trustees on 171 12£ and were signed on its behalf by: T Pettlfer Trustee
ASPHALEIA ACTION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JANUARY 2024 Nota 2024 2023 Cash flow from Operatlng Actlvltles Net cash inflow l {ouffiow) from operations 13 1.321 29.993 Cash flow from investing activities Payments to acquire fixed assets Nel cash flow from Investing actlvitles Cash flow from financlng actlvltles N8t increase l (decrease) in cash and cash equivalents 1.321 29.993 Cash and cash equlvalents at 31 January 2023 1,784 (28,209) Cash and Cash oqulvalents at 30 January 2024 3,105 1,784 Cash and Cash equlvalents are made up of: Cash at bank and In hand 3,105 1.784 Bank overdrafts Cash and cash equlvalents at 30 January 2024 3.105 1.784 10
ASPHALEIA ACTION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JANUARY 2024 1 ACCOUNTING POLICIES (a) Basis of preparation and ganeral infomjation The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been ppared in accordan wilh Accounting and Reporting by Charities: Staternent of Recommended practice applicable to Charities preparing their accounts in accordan wth the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland (FRS102). the Charities Act 2011 and UK Generalty Accepted Accounting Practice. The awunts are prepared on a going concern basis under the historical cost convenlion. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial StateTrts are rounded to the nearest £1. The significant accounts'ng policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all year5 presented unl8ss otherwise stated. (b) Fund8 Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of the general objectives of th6 charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are funds which are to be used in a(1rdanCe with specific restrictions imposed by donorE or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fvnd. The aim and use of eath restrtcted fund is set out in the notes to the financial statements. (c) Income recognltlon All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity wrll have been notified of the am(wnts and the settlement date in writh'ng. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their lair value when their economic benefit is probable, it can be measured reliabty and the charity has control over the item. Fair value ts determined on the basis of the value of the gift to the charity. For example. the amount the charity would be willing to pay in the opon market for such facilities and seTh. A cortssponding amount is recognised In expenditwe. No amount is included in the finanaal staterrEnts for vdunteer time in line with the SORP (FRS 102).
ASPHALEIA ACTION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 30 JANUARY 2024 1 ACCOUNTING POLICIES - continued (dl Expenditure racognltlon LiabilFties are recognised as soon as there is a legal or constructive obligatn committing the charity to Pay out resources. All expenditure is accounted for on an %cnJals basis and has been classified under headings th81 aggregate all costs related to the category. Expenditure is recognised where there is a legal or ccnstructive obligation to make payments to third parties. it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of generating funds compri tse costs diredy attributsble to fundralsing events and publicity costs. Direct charitable expenditure are costs incurred in the care, education and training of children and young people in the United Kingdom and intemationally. Support costs are those Gosts incurred directly in support of expenditure as the objects of the charity, All support costs are allocated to the main activty. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Resources expended include attributable VAT which cannot be recovered. (e) Tanglble flxed assets Tangible fixed assets are stated at cost less depreciation. Depreciation Is provided at rates calculated to write off the cost, less estimated residual value. of each asset over its expected usefvl life as follows: Computer equipment 25% reducing balance Fixtures. fittings & equipment 1 S% reducing balance (Q Debtots and credltors recelvable I payable wlthln one year Debtors and creditors ryth no stated interest rate and receivable or payable within one year are recorded at transaction pri. kny losses arising from impairment are recognised in eXpdIture. (g) Impaimient Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable arnount of the asse( or Ihe asser8 cash generating unit, is estimated and compared to the Garying amount. ere the carryin9 amount exceeds its recoverable amount an impairment loss is reGognised in profit or loss unless the asset is carried at revalued amount where the impairment bss is a rwialuation decrease. 12
ASPHALEIA ACTION NOTES TO THE ACCOUNTS-CONTINUED FOR THE YEAR ENDED 30 JANUARY 2024 1 ACCOUNTING POLICIES - continued (h) Tax No Corporation Tax has been provided in these accounts because the income of the Charity Is within the exemptions granted by Sections 466 to 493 of the Corporstion Tax Act 2010. (i) Going concern The financial statements have been prepared on a going concem basis, as the trustees believe that no material uncertainties extst. The trustees have considered possible events or c1umStanCeS that might cast doubt on the ability of the charity to continue as a going concern. 2 INCOMING RESOURCES- DONATIONS AND LEGACIES Unrestricted Re8trieted Funds Funds 2024 2023 Legacies Donations 69.833 8.888 69,633 8,888 78.521 78,521 In 2023 there was restricted income from donations of £nil. The charity received confirmation of entitlement to a legaGy totalling £69,633 in December 2024. Funds have therefore been recognised as Income during the period in line with the Charities SORP. 3 INCOMING RESOURCES - CHARITABLE ACTIVITIES Unrestrlcted Restricted Funds Funds 2024 2023 The Big Lottery Fund {3.981) {3.981) {3,981) (3.981) In 2023 there was restiicted income from charitable activities of £niL 13
ASPHALEIA ACTION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 30JANUARY 2024 4 ANALYSIS OF TOTAL RESOURCES EXPENDED Fund ralslng Charltable actlvlty Governance 2024 2023 Staff costs Other costs Depreciation (5.984) 4,518 1,445 45 361 3,608 3,653 361 406 3.608 4,014 (21) In 2023 there were restricted expenses of £nil. In 2023 expens85 that related to govemance c£)sts were £3.390. 5 TRUSTEES, REMUNERATION AND BENEFITS No remuneration, travel or other expenses were incurred or reimbursed relating to the trustees during th6 year. 6 TOTAL RESOURCES EXPENDED Unrestrlcted Restricted Fund8 Funds 2024 2023 Dlrect charltable expendlture Wages and salaries Support costs Wages and salaries Trainlng and courses (5,984) 119 35 35 35 35 {5,865) 14
ASPHALEIA ACTION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 30 JANUARY 2024 6 TOTAL RESOURCES EXPENDED (CONTINUED) Unrestricted Restricted Funds Funds 2024 2023 Management and adminlstration Accountancy fees Legal and professional fees Bank charges Computer depreciation Fixtures, fittings and equipffEnt depreciation Loss on dispos81 of tangible fixed assets 3,558 50 10 227 3,390 50 959 305 10 227 134 134 159 981 3.979 3.979 5,844 Total resources expended 4.014 4.014 (21) In 2023 £nil of expenses were restricted. Included in the management and admKtistration costs are governance costs of £3.608 (2023 - £3.390}. In 2023 and 2024 all governance costs We unrestricted. 7 STAFF COSTS 2024 2023 Social security costs (5,984) (5,984) During the prior year Ihe charity received unclaimed employers allowance relating to earlier years. The charity had no employees during the year (2023- None): There were no employees whose annual emoluments were £60,000 or more in either 2024 or 2023. 15
ASPHALEIA ACTION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 30 JANUARY 2024 8 FIXED ASSETS Equipment, Computer Fixtures and Equipment Fittings Total COST At 31 January 2023 and 30 January 2024 6,396 2.643 9,039 DEPRECIATION At 31 January 2023 Charge for year 5,480 227 1.747 134 7.227 361 At 30 January 2024 5,707 1,881 7,588 NET BOOK VALUE At 30 January 2Q24 689 762 1,451 At 30 January 2023 916 896 1,812 The net book values at 30 January 2024 and 2023 represented fixed assets used for charitable purposes. 9 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and aCcd income 2.342 69,633 2,342 71,975 2.342 10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Cieditors 1,423 1,356 1,423 1,356 16
ASPHALEIA ACTION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 30 JANUARY 2024 11 MOVEMENT IN FUNDS At Incoming Resource8 At 3110112023 resources 8xpended Transfers 3010112024 Unrestrlcted funds General fund 601 78.521 (4,014) 75,108 Restrlcted funds SAFE 3.981 (3.981) TOTAL FUNDS 4.582 74.540 (4.014) 75,q08 At Incoming Resources At 3110112022 resources expended Transfers 3010112023 Unrestricted funds General fund (7.770) 8,350 21 601 Restrlcted funds SAFE 3,981 3,981 TOTAL FUNDS (3.789) 8,350 4.582 The SAFE Project aims to redu the risk of trafficking and sexual exploitation of children and young people in London. The project works with young people aged 13-19 who are at risk of traffIng andlor sexual exploitstion and manifest risk factors. SAFE will work alongside schools, colleges, children seices, local authorities, youth services and Olher professional organisations to provide a service of helping vulnerable young people identify and address their needs. build on their self-confidence and skills, strengthen 'saferf social neiworks and signpost them to other support services if further needs are identified. The project was completed in 2022 and the monies that had not been spent were repaid to the Lottery during the current year. 17
ASPHALEIA ACTION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 30 JANUARY 2024 12 ANALYSIS OF ASSETS BETWEEN FUNDS A8 at 30 January 2024: Unrestricted Funds Restrlcted Funds Total T8ngible fixed assets Debtors Cash at bank and In hand Creditors and accruals 1,451 71.975 3,105 (1.423) 1,451 71,975 3,105 (1,423) 75.108 75,108 As at 30 January 2023: Unrestrlcted Funds Restrlcted Funds Total Tangible fixed assets Debtors Cash at bank and in hand Creditors and accruals 1.812 2,342 (2,197) (1,356) 1.812 2,342 1,784 (1,356) 3,981 601 3.981 4,582 Details of the movement restricted funds can be seen in note 10. 13 RECONCILIATION OF INCOMING RESOURCES TO NET CASH OUTFLOW FROM OPERATIONS 2024 2023 Net incoming resources Depreciation charges added back Loss on disposal of tangible fixed assets Decrease l (increase) in debtors Increase l (decrease) in creditors 70.526 361 8,371 464 981 20,750 (573) (69,633) 67 Net Gash inflow from operations 1.321 29,993 18
ASPHALEIA ACTION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 30 JANUARY 2023 14 ANALYSIS OF CHANGES IN NET CASH RESOURCES OF THE CHARITY Cash and Deposits Balan at 30 January 2022 Net cash inflow for period ended 30 January 2023 (28,209) 29,993 Balance at 30 January 2023 1.784 Net cash inflow for the year 1.321 Balance 30 January 2024 3,105 15 CONTROL RELATIONSHIP The Charity is controlled by the Board of Trustees. q6 RELATED PARTY TRANSACTIONS H Roffey, a trustee of the charity. is also a shareholder of Asphaleia Limited. As at the year end the amount owed to Asphaleia Limited was £2,342 (2023 - £2.342). Asphaleia Limited also made donations to the charity totaling £7,100 (2023 - £6,140) during the year. 19