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 chari￿s 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 r￿1Ved 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. ReStr￿ted 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; EmI￿OyMent, 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 aC￿rdance 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
p￿pared 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 State￿￿Trts 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 obligat￿n 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* t*￿se 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 eXp￿dIture.
(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 c1￿umStanCeS 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 aCc￿￿d 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 traff￿Ing andlor sexual
exploitstion and manifest risk factors. SAFE will work alongside schools, colleges, children se￿ices, 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