Noah's Ark Centre Safe Haven and Place of Hope NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2024 Company registration number 4077381 Charity number 1088063 STREETS SPENSER WILSON CHARTERED ACCOUNTANT5
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEIIIENrs YEAR ENDED 30 SEPTEIMBER 2024 PAGE Trustees, annual report (incorporating the director's report) Independent examIneS report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial posit£on Statement of cash flows 10 Note5 to the financial statements 11
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 30 SEPTEMBER 2024 The trustees. who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2024. REFERENCE AND ADMINISTRATIVE DETAILS li Registered charity name Noah's Ark Centre Charity registratioll number 1088063 Company registration number 407738 I Principal office and registered 55 Pellon Lane offIce Halifax West Yorkshire HXI 5SP The trustees K Brown (nee Sykes) B M Simpson M Mellor P D Vamey Rev A Dick C Smith Company secretary P D Vamcy Independent examiner Mrs E A Short Equitable House 55 Pellon Lane Halifax West Yorkshire HXI 5SP
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT) (conlinued) YEAR EIYDED 30 SEPTEIIIBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is a company limited by guarnntee and was incorporated on 25th September 2000. The Charity is governed by its Memorandum and Articles of Association dated 25th September 2000 as amended on 25th June 2001, which have been approved by the Trustees and the Charity Commission. It is registered as a Charity with thc Charity Commission. The liability of each member in the event of winding up is limited to £1. The Charity's registered name is Noah's Ark Centre. Recruitment 2nd appotntment of trustees Any new Trusle¢s must have attained the age of 18 years and be recommended by the current Trustees. They must also provide a statement from the proposed Trustee that they are willing to be appointed a Trustee. Every year one third ofthe Trustees must retire by rotation, the retiringTrustee can be re-appointed. The trustees to retire by rotation should be those who have been long¢st in office since their last appointment or reappointment. As set out in the Articles of Association th¢re shall always be a minimum of three Trustees. There is no maximum number of Trustees allowed. The Chair of the Trustees is nominated at the Anniial General Meeting by the Trustees pres¢nt. The Charity is managed and overseen by the Trustees. During the year the Trustees make decisions regarding strategic matters. However, the management team make decisions regarding the day-to-day iunning of the Charity. Trustee induction alld training At the first meeting after the Annual General Meeting, all trt]stees are reminded of their responsibilities and new trustees provided with a copy of CC3: The Essential Trustee and a copy of the company's Memorandum and Articles of Association. The trustees discuss and update the company's futiire plans and objectives document. Risk management The Trustees have conducted a revieiv of the major risks to which the Charity is exposed and systems have be¢n established to mitigate those risks. InternaI risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure ¢onsistent quality of delivery for all operational aspects of the charitable company. These procedures ate periodically reviewed to ensure that they still meet the needs of the charity. Organisation structure Noah's Ark Centre has a Board of Trustees usual consisting of around six trustees. The Board of Trustees includes a chair, treasurer and secretary who meet on a six weekly basis and are responsible for the strategic direction and policy of the charity.
NOAH'S ARK CENTRE COMPANY LIMrrED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conlinued) YEAR ENDED 30 SEPTEMBER 2024 OBJECTIVES AND ACTIVITIES Noah's Ark Centre has now been an active pr¢sence in North Halifax for almost 20 years and it continues to show that it is has a vital part to play in the community and offers services to the residents of Calderdale. Whilst some outreach was reduced due to a lack of funding. it has been extremely pleasing that this commenced once again from March 2019. Noah's Ark continues to promote self-worth, freedom from negative coping strategies resilience and the potential for fulfilling relationships. employment, financial stabilitv and community involvement. This is done through or counselling teams covering adults, children, young people and families and increasingly through efficient and ¢ffective money advice service, The building continues to be host to other groups supporting the improvement of mental health in the Halifax area. Trustees meet on a regular basis to ensure the objectiv¢s of Noah's Ark are being achieved and developed whilst maintaining a positive financial position. ACHIEVEMENTS IIND PERFORMANCE It is quite incredible how quickly each year goes by and with it how many people Noah's Ark Counselling and Money Advice Service help. I and the whole board of trustees are continually amazed by the innovative ways. hard work and det¢rrnination with which the staff and volunteers work to improve, help, support and ¢nhance the lives of those who engage with Noah's Ark in some capacity. It truly is incredible, and the effectiveness of this help is beginning lo make an impr¢ssion much furtlier afield and to to influence significant national bodies such as the Centre for Social justice and to feed into research by the Mental Health Policy Research Unit along with University College London. These prominent bodies have heard of Noah's Ark due to the sustained and consistent work that is being done in the areas of money advice and debt management and person- centred therapeutic counselling. This Tecognition has not come overnight but through the diligent, consistent hard work of our service manaoers (Alosa Kaimacuat4 Therapeutic Services Manager and Andrew Sykes, Funding & Development and Money Advice Manager), and their teams. The core work of the Money Advice Team (NAMAS) continues with 381 people alone having gone through the Debt Relief Order process from March 2024 to March 2025 out of a total of 806 r¢ferrals. All these referrals are engag¢ments with individuals who are in some kind of financial difficulty. By being referred to Noah's Ark this can be a tranSforntive experience. not only for relieving an individual from immediate stress but to re-educate their ability to understand and manage their income through the provision of 'Budget Lik¢ a Boss, course. These courses delivered and written by the team are practical, appropriate and relevant to day to day living. The team have also been joined by a specialist in state bencfIts which is providing a new insight and support for those in need of this specific understanding. Over the many years that the Money Advice service has becn active and through their learned experience the tearn look to provide those seeking help with a and up, not a 'hand out,.
NOAH'S ARK CENTRE COMPANY LIMrrED BY GUARANTEE TRUSTEES, ANNUAL REPORT UNCORPORATING THE DIRECTOR'S REPORT) ' (coniinued) YEAR ENDED 30 SEPTEMBER 2024 With this knowledge the decision was made lo close the foodbank (originally set up during the COVID Pandemic) as the prime aim of the service is to encourage full engagement with th¢ service to change poor financial habits and build financial resilience. Therefore, Noah's Ark provide food and support and other household essentials to those who express a genuine desire to change. In April 2024 Noah's Ark began to administer a new srnall grants and carpets project with £160k funding provided by the Glasspool Trust. carpets previously destined for landfill, by Mercado and fitting costs via Acts 435. These three funders have enabled 588 people to be hclped with washing machines, fridgc freezers, cookers, small appliances, beds and of course carpets and flooring. All essential items to support those in real need in our local area. It is also very pleasing to hear from a funder that 'it's cemarkable Ivhat Noah's Ark have achieved,. In addition to Noah's Ark making full use of donated carpets they have also provided work experience places for four apprentice carp¢t fitters for 2 weeks, working with the fitters to train them and hopefully securing employment for these young people in the trade in the future. This is a clear example of 360 degree support, a charity being supported by a donor and the charity in turn being abl¢ to support the donor in their longer- term need of carpet fitters! We express our very grateful thanks to the Glasspool Trust, Mercado and Acts 435 for their Gontinued support. I mentioned at the beginning of this report the Centre for Social Justice (CSJ), this indepeiident organisation puts social justice at the heart of British politics and se¢ks to influence government policies to address causes of poverty. NAMAS have provided eN'idence based and firsthand experience to feed into one of their reports, Lonely Nation, published in Dec'24. This is testament to the most valuable work the team does but also to their total understanding of the causcs of debt and the impact it has not just on individuals but on socicty. It was also very uncxpected to hear that the team has been nominated for a CSJ Award for their work around debt (one of the key focus areas for CSJ). The awards are being held in November 2025 and will be a wonderful thing for the team to attend, along with philanthropists, journalists, policy makers, celebrities and politicians. The team will certainly be mixing with some influential people and it's all credit to them that they have received this nomination. Whatever the outcome, well done! This report only touches on the work undertaken by the teams but it's good to highlight that occasionally they take on tasks completely out of their cotnfort zone. This was evidenced by Andrew, Kelly and Zoe (Debi Advisors), plus a former client who contributed to a video case study about the service. This impactful v ideo itself is being used by West Yorkshire Combined Authority to influence th¢ir submission to government for continuation funding for budget management training. Another example of how the team work to change, grow and affect others in a positive way. The core areaof focus at Noah's Ark has always been its counselling services and this has never changed. The team continue to support children, Young People and adults at the centre but also in Calderdale schools, both primary and secondary, and other support centres_ The provision into schools for Y5- Y9 knoiwm as Therapeutic Interventions in Schools (fHIS) has been extended until the end of March 2027 and whilst there are some slight changes lo how this will be d¢livercd it will establish referral pathways and increased partnership working with other providers. This continuation funding is further testament to the positive outcomes for users and the working relationships with these funders. The reach of the Therdpeutic Team has widened even further with Noah's Ark Team support being
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE TRUSTKES, A]¥NUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued) YEIIR ENDED 30 SEvfEMBER 2024 provided to Parents/Carers and individual clinical Supervision to one of the teams within Calderdale Council. This area of supervision is a potential development area for our team of highly qualified and ¢xperienced counsellors. In last years report we referenced a new project that w&s due to commence in Septemb¢r 2024. This was funded by the Department for Social Care (DHSC) and brought together all the aspects of Noah's Atk work, Mon¢y Advice and Therapeutic Services. This new Integrated Wellbeing Service (IWS)started as planned and has exc¢eded the contracted 500 interventions for Young People aged 15-25 years, delivering 650 to the end of March 202i. These interventions have included therapy, walking and cookery groups, and money advice and budgeting. Being able to offcr all these services to specific disadvantaged groups has been hugely beneficial to them. It is therefore very pleasing to hear that the funding for the IWS has been extended Lmtil the end of March 2026. Thanks must go to Alosa and the new team who have set up and created this new project which is going from strcngth to strength. It has, however, become clear that with the development of the new IWS we are physically running OLIt of space to accommodate the number of people using the building. Every Concei able space is being utilised which necessitates some changes. There is remedial work and red¢¢oration required not for cosmetic purposes but to create a pleasant and more functional environment. This will be a focus for the next year. As with all charities, fundinf3 Can be a significant challenge. and we do not take for gran*d that we are in a more stable financial position than has been the case in previous years. This has not changed our attitude to being prudent in all our expenditure or to take any funding income for granted. Thc teams ability to deliver on the outcomes is fundamental as is thc ability to report on outcome measures to funders. This has been made tnuch rnore eificient with the now embedded use of the COIIE.Net system. This system, implemented in 2023 has proved to be extremely beneficial and there are further developments available for the team to utilise following their attendance at a conference. This not only helps Noah's Ark but the individual continual professional development (CPD) of our senior team. Continuing with the theme of CPD, further dates for the delivery of Children & Young Person Counselling have been planned to be delivered throughout the summer months. This has a twofold benefit as it has proved to be very popular with external organisations as well as supporting and increasing the capability of our own voluntecrs and extends the links furthcr amongst other professlonals. Noah's Ark continues to train and support up to 40 volunteer counsellors recruited from local universities and educational institutions. The long-standing relationships with these enabje the placements that individuals require to gain essential experience in their chosen field of therapeutic work. This balance of volunteer placement, CPD training, followed in the longer terni by qualified counsellors going on to their own private prnctice or employment in the Psychotherapy sector, benefits everyone. In all it is a d¢light to report that it has been another successful year for Noah's Ark, diiven by the continued commitment, dedication and sheer hard w'ork of Andrew. Alosa and their teams. None of this is tsken for granted by the trustees who wish to thank ajl the staff and volunteers for all that they have achieved. Noah's Ark is and intends to remain the 'saf¢ haven and place of hope, for the community of
NOAH'S èlRK CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conlinued) YEAR ENDKD 30 SEPTEMBER 2024 Noah's Ark is and intends to remain the 'safe haven and place of hope, for the community of Ovenden, North Halifax and Calderdale. FINANCIAL REVIEW During the year income exceeded expenditurc by £308,721 (2023 - £180,221). The total funds of the Charity have increased from £600,024 to £908.745. Free res¢rv¢s at 30 September 2024, after accounting for restricted funds. designated funds and reserves represented by fixed assets were £80,812 (2023: £61,004). The designated funds include a contingency fund of £40,000 which has been increased forni £35,000 in line with the reserves policy, the building ¢xtcnsion fund of £23:208 and IT & Telephone fund of £528. The Trustees would like to thank the many individuals and oroanisations who have given monetary donations in order for us to continue our work. Reseryes Policy The Trustees have established a level of reserves (that is, those funds that are freely available) that the Charity should have. The reserves are required to operate and meet the Charity's objective for three months should they no longer receive any grants or funding, and to cover committed capital expenditure. The Charity have set aside designated fLU]ds primarily to cover anticipated running costs for threc months should all outside funding cease. Principal funding sources The principal finding sources for the charity are grdnts rec¢ivabl¢. PLANS FOR FUTURE PERIODS The company aims to continue its current activities to consolidate and build on previous successes. We have continued to engage with officers and councillors with a view to exploring ways in which our premises might be developed to further benefit our members and the community. It is our intention to continue these discussions in the future. The truste¢s' annual report and the strategic report were approved on 8 May 2025 and signed on behalf of the board of trustees by: B M SIMPSON Trustee
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NOAH'S ARK CENTRE (conlinued) YEAR ENDED 30 SEPTEMBER 2024 I report to the trustees on my examination of the financial statements of Noah's Ark Centre ('the charity) for the year ended 30 September 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the company (and also its directors for the purposes of company law) you are responsible for thc preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligibl¢ for independent examination, I report kn respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Conynission under section 145(5)(b) of the 201 l Act. INDEPENDENT EXAMINER'S STATEMENT Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in sectkon 145 of the 2011 Act. I confim] that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountsnts in England and Wales OCAEW), which is one of th¢ listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of th¢ 2006 ACL or th¢ financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts giv¢ a 'true and fair, view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ir¢land (FRS 102). I have no concerns and have come across no other matters in connection with the examination to whÉch attention should b¢ drawn in this report in order to enable a proper understanding of the accounts to be reached. MRS Independent Examiner Equitable House 55 Pellon Lane Halifax HXI 5SP
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTKK STATEMENT OF FtYANCIAL ACTIVITIES (INCLUDING INCOME AND EXPEliDITURE ACCOUNT) YEAR ENDED 30 SEFfEMBER 2024 2024 2023 Unrestricted Restricted funds funds Total funds Total funds Note Income and endowments Donations and legacies Charitable activities Investrnent income 48,398 120,442 17.275 800,279 848.677 120,442 17275 525,572 142,326 7.020 Total income 186.115 800,279 986J94 674,918 Expenditure Expenditure on charitable activities Total expenditure 155.873 521,800 677,673 677,673 494,697 155.873 521,800 494,697 INet income 30,242 278.479 308,721 180,221 Transfers between funds (19,136) 19.136 Net movement in funds 11.106 297.615 308,721 180,221 Reconciliation of funds Total funds brought forward Total funds carried forTrvard 197,737 402,287 600,024 419,803 208,843 699,902 908,745 600,024 The statement of fmancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages I I to 31 form part of these fillancial ststements.
NOAIVS ARK CENTRE STATEMENT OF FINANCIAL TrosmoN"(eoAllnued) 30 SEFfEMBER 2024 21)24 2023 Note Inianzibl¢ a55cts TangibEe red ass¢ts Is 16 9,152 64373 74J25 64,478 76.309 CURRENT ASSETS D¢bto Cash ai bat& end Én hand 17 95J78 751A18 846096 46,484 506.758 553,242 CREDrtORS: 2rn0unts fallkng due withill one year NET CURRENT ASSETS TOTAL ASSETS LLSS CURRENT LIAJILtTIES 18 12,676 29.527 834220 523.715 908.745 908,Y45 NET A&SETS 600.024 FUNDS OFTHE CHARITY RestrEcted funds Unresiri¢ted funds T'ota] charity funds 699.902 208,843 908,745 402287 197.737 600,4 20 For th¢ y¢ar ending 30 September2024 the Charity was enlitled to ¢xemptiort from.audit und¢r section 477 of the Companies Act 2QOfi r¢laling to small companies. D¢re¢tors' responsibllities: Tht members Iwc nol réquired the company to obtsin an audti of its financial statements for the year fft quelOn sn o¢¢ordancc with section 47Q The directors acknowledge thr tesponsibilitie5 for cornplyinoy with the requirnments of ths Aclwith wpectto Unting r¢coids and thr ptcpardtion of finan¢tal Stafrnnts. Th¢5e fina18[ siaternents have been prepared in accordancc with the provisions appli¢Abl¢ to companies subject to the 5Tnall companies, regime. These financial statements wer¢ approved by the board of instees and authorised foT Issue on .an sisncd on behalf of the bDard by: B sIPs0 Trustee The notes on pages 11 fo 31 form pArt orthesp finaneial statemellt
NOAH'S ARK CENTRE COMPANY LIMrrED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 30 SEPTEMBER 2024 2024 2023 CASH FLOWS FROM OPEIUTING ACTIVITIES Net income 308,721 180,221 Adjuslmenlsfor." D¢preciation of tangible fixed assets Amortisation of intangible assets Other interest receÉvable and similar income Accrued (income)lexpenses 8,846 3,639 (17,275) (19,349) 10,939 1,999 (7.020) 19.774 Changes in." Trade and other debtors Trade and other creditors (48,894) 2,498 12,792 233 Cash generated from operations 238,186 218,938 Interest received 17,275 7.020 Net cash from operating activities 255,461 225,958 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of tangible assets Purchase of intangible assets N¢t cash used in investing activities (9,741) (7 102) (960) (13,830) (10,701) (20.932) NET IIYCREASE IN CASH AND CASH EQUIVALEIYTS CASH AND CASH EQUIVALENTS AT BEGINIYING OF 244,760 205,026 506,758 301,732 506,758 CASH AND CASH EQUIVALENTS AT END OF YEAR 751518 The notes on pages 11 to 31 form part of these financial statements. 10
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS YEAR KNDED 30 SEPTE.)IBER 2024 GENERAL INFORMATION The charity is a public benefit entity and a private company lÈmited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 55 Pellon Lane, Halifax. West Yorkshire, HXI 5SP. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNfING POLICIES Taxation As a Charity, Noah's Ark Centre is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent Iliat these are applied to its charitable objects. No tax charges have arisen in the Charity. Basis of preparation The financial statements have been prepared on the historical cost basis, The financial statements are prepared in sterling. which is the functIonal cutrency of the entity. Going concer There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertaiDty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Thes¢ estimat¢s and judis¢m¢nts arc continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable und¢r the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements. 11
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES (conlinued) Fund accounting Unr¢stricted funds are available for us¢ at the discretion of the Truste¢s in furtherance of the general objectives of the Charity. and which the Trustees have not designated for other purposes. Dcsignated fimds comprise unrestrictcd funds that hav¢ been set asid¢ by the Trustees for particular purposes, details of which can be found in the notes to the financial stat¢ments, Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors. The costs of raisin(F and administering such funds ar¢ Charged against thc specific nd. The aim and iise of restricted funds is set out in the notes to the financial statements. Incoming resources All incoming resources are recognised when the Charity becomes legally entitled to the income and the amount can be quantified with reasonable accuracy. Income from donated ooods is measured at the fair value of the goods unless this is imprdcticable to measure reliably, in which case the value is derived from the cost to the donor. Donated faci lities and services are recognised in the accouiits when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 12
NOAH'S ARK CENTRE COMPANY LllllITED BY GUAIIANTEE NOTES TO THE FINANCtAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES (conliniied) Resources expended Exp¢ndItu is r¢cognis¢d on an accruals basis when a liability is incurred. The majority of costs are directly attributsble to specific activities. Costs of generating funds comprise the costs a&8ociated with attracting voluntary income, which is mainly grant application preparation. Charitable activities include expenditure associated with m¢eting the charitable objectives. Governance costs include those incurred in the governance of the Charity and its assets, and are prlmarily associated with constitutional and statutory requirements. Expenditure on grants is recorded onc¢ thc company has nLgde an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid, whichever is the ¢arli¢r. The company has not made any grant commitments of more than one year. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly" othets are apportioned on an appropriate basis e.ty estimated usage as set out in note 8. Intangible assets IntangÈble assets are initially Tecorded at cost, and are subsequently stated at C05t less any accumulated amortisation and impairnient losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as deterniined by reference to an active market, less any subsequent accumulated amortisaiion and subsequent accumulated impalnnent losses. Intsngible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected futuic economic bcnefits are probable and the cost or value can be measured reliably. Amortisation Amortisation is calculated so as to write off the cost of an asset. less its estimated residual value, over the useful life of that asset as follows: Computer Software 200/0 Straight line 13
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES (conlinued) Amortisation (continued) If there is an indication that there has been a significant chang¢ In amortisation rate, usefLd life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. Tangible assets Fixed assets are stated at Cost less accumulated depreciation. Additions costing below £ l 00 ar¢ not capitalised. Depreciation Deprcciation is calculated so as to writ¢ off the cost or valuation of an assct, less its residual value, over the useful economic life of that asset as follows: Freehold property Fixtures & fittings Kitchen equipment 21/1 d4 % straight line l 5 % reducing balance 20 % reducing balance Impairnient of red a&sets A review for indicators of impairnient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at cach rcporting date. For the purposes of impaim)ent testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impainnent testing of goodwill, the goodwill acquired in a business combination 15, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit fmm the synergies of the combination. Irres¢tiVe of whether other assets or liabilities of the charity are assigned to those units. Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 14
NOAH'S ARK CENTRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 30 SEPTEIMBER 2024 ACCOUNTING POLICIES (conlinued) Defined contribution plans ContribLltions to defined contribution plans are recognised as an expense in the period in which the reEated service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash rcfund. LIMITED BY GUAII4NTEE The company does not have a share capital being a company limited by guarantee. Individual trustee's liability is limited to a maximum of £1. DONATIONS AIYD LEGACIES Unrestricted Restricted Total Funds Funds Funds 2024 DONATIONS Donations Gift aid 13,088 3,310 9,946 23,034 3JlO GRANTS Grants receivable Grants - Food bank 32,000 759,354 30,979 800,279 791,354 30,979 48,398 848,677 Unrestricted Restricted Total Funds Funds Funds 2023 DONATIONS Donations Gift aid 11,442 3,291 9,134 20,575 3,291 GRAiYrs Grants receivable Grants - Food bank 125.936 366,564 9,207 492,499 9,207 140,669 384,905 525,572 15
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEl4rrs (conlinued) YEAR EIYDED 30 SEPTEMBER 2024 CIIARITABLE ACTIVITIES Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Counselling and money advice fees Play therapy referrals 114,392 6,050 114J92 6,050 125,583 16,743 125,583 16,743 142,326 120,442 1211,442 142,326 INVESTMENT INCOME Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 17,275 17275 7,020 7.020 ExPErlTURE ON CHIllUTABLE ACTIvrrIES BY FUND TYPE Unrestricted Restricted Total Funds Funds Funds 2024 Counselling and money advice fees Food bank Support Costs 124,694 475,695 30,232 15,873 600J89 30,232 47,052 677,673 31.179 155,873 521,800 Unrestricted Restricted Total Funds Funds Funds 2023 Counselling and money advice fees Food bank Support costs 192.506 250,632 14,645 5,399 443,138 14,645 36,914 31,515 224,021 270,676 494,697 16
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 30 SEPTEMBER 2024 EXPENDTTURE ON CHARrrABLE ACTIVITIES BY ACTIVITY TYPE Activities undertaken directly Support Total funds Total fund costs 2024 2023 Counselling and money advice fees Food bank Governance costs 600,389 30.232 45,102 645,491 30232 1,950 478.404 14,645 1,648 494,697 1.950 630.621 47,052 677,673 10. ANALYSIS OF SUPPORT COSTS Counselling and money advice fees Governance Total 2024 Total 2023 Premises Commiinications and IT General office Postage? printing and stationery Bank charg¢s Depreciation Professional fees Accountancy fccs Bad debts 16.1 l4 8,229 3.373 2,908 60 12,485 1,933 16,114 8,229 3,373 2,908 60 12,485 1,933 1,950 10,225 6,988 1,217 2.594 104 12,938 1,070 1,648 130 1.950 45,102 1.950 47,052 36,914 11. IYET INCOME Net income is stated after charging/(crediting): 2024 2023 Amortisation of intsngible assets Depreciation of tangible fixed assets 3,639 8,846 1,999 10,939 17
NOAH'S IUIK CENTRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEIIR ENDED 30 SEPTEMBER 2024 12, INDEPENDENf EXAMINATION FEES 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements Other financial services 1,950 1,220 1,650 1,095 3,170 2,745 13. STAFF COSTS The total staff costs and employee benefits for the rew)rting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 376,045 24,914 8,639 409,598 286,311 16,207 7.775 310,293 The average head count of employees during the year was 18 (2023: 16). The average number of full-time equivalent employees during the year is analysed as follows: 2024 No. 2023 Number of stalT 11 No employee received employee benefits of more than £60,000 during the year (2023: Nil). 14. TRUSTEE REMUNERATION AM) EXPEIYSES No remuneration or other benefits frotn employment with the charity or a related entity were received by the trustees. 18
NOAH'S ARK CENTRE COMPANY LIMrrED BY GIJARANTEE NOTES TO THE FtNANCIAL STATEMENTS (conlinued) YE1 ENDED 30 SEPTEIVIBER 2024 15. INTANGIBLE ASSETS Computer Software Cost At l October 2023 Additions 13,830 960 At 30 September 2024 Amortisation At l October 2023 Charge for the year At 30 September 2024 Carrying amount At 30 September 2024 At 30 September 2023 14,790 1,999 3,639 5,638 9,152 11.831 16. TANGIBLE FIXED ASSETS Land & buildings Fixtures & fittings Equipment Total Cost At l October 2023 Additions 189.167 49,706 1,540 51,246 14,318 8,201 253,191 9,741 262,932 At 30 September 2024 Depreciation At l October 2023 Charge for the year At 30 September 2024 Carrying amount At 30 September 2024 At 30 September 2023 l89,l67 22,519 137,678 4,198 45,052 904 5,983 3.744 9,727 188,713 8,846 197,559 14l,876 45.956 47.291 5,290 4,654 12.792 65,373 64,478 51.489 8,335 19
NOAH'S ARK CENTRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 30 SEPTEMBER 2024 17. DEBTORS 2024 2023 Trad¢ debtor5 Prepayments and accrued income Other debtors 42,035 47,206 6,137 95J78 29,298 14,359 2,827 46,484 18. CREDITORS: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Pension fund creditor 1,077 28,450 9,101 2,223 12,676 29,527 19. PENSIONS AND OTHER POST RETIREMEIYT BENEFITS Defined contnbution plans The amount recognised in income or expenditure as an expense in relation to defLned contribution plans was £8,639 (2023: £7,775). 20-
NOAH'S ARK CEiYfRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEIVIEiYfs (continued) YEAR ENDED 30 SEPTEMBER 2024 20. ANALYSIS OF CHARrfABLE FufrfDS Unrestricted fund5 l Oct 2023 Jncome Expenditure Transfers 30 Sept 2024 General funds Contingency Fund Building IT & Telephones Money advice, discretionary Centre for Social Justice - money advice project 118.658 35.000 24,246 590 176,115 (154,68K) (4,980) 5,000 135,107 40,000 23,208 528 (1.038) (62) 19.243 (87) (19,150 10.000 10,000 197.737 186.115 (155,873) (19.136) 208,843 l Oct 2022 Income Expenditure Transfers 30 Sept 2023 General funds Contingency Fund Building IT & Telephones Money advic¢, discretionary Centre for Social Justice - money advice project 21.915 35,000 26.321 663 289.985 (221,633) 28,391 I l8,658 35,000 24,246 590 (2,075) (73) 19,513 (240) (60) 19.243 103,412 290,015 (224.021) 28.331 197,737 The designated funds are made up of: The building extension and IT and telephones: the funds represent the net book value of the related assets and are being reduced each year by the depreciation charge. Money advise - money and debt advice and support. Centre for Social Justice - a fund to contribute to the money advice project. 21
NOAH'S ARK CENfRE COMPANY LIMITED BY GUARA]EE NOTES TO THE FINIINCIAL sTATEmEs (conlinued) YEAR ENDED 30 SEPTEIIIBER 2024 20. ANALYSIS OF CHARITABLE FUIWS (conlinued) Restricted funds l Oct 2023 InGonie Expenditure Transfers 30 Sept 2024 NHS CCG Big Lottery 'Awards for All, Economic Fighting Fund Ovenden Initiative Emergency Grants CMBC Mon¢y Advice Ling Bob Project THISS - Therapeutic Intervention in Secondary Schools Henry Smith Grant CYP-IAPT & Recrnit to Train Training & Supervision Costs THIPS - Therapeutic Interventions in Primary Schools CFFC Grants Comm Found Small Pot Lottery Funded Money Advice Project Mental Health Workers for YP in the Home THIFS PACT- Play & Creative Therapies CY Mental Health Training for Parents COVID-19 Food Bank Tudor Trust Staff Wellbeing Grant StRiCT Sowerby Bridge Money Advice 3.435 (i) (250) 3,184 3,789 (293) 3,496 5.445 298 3,607 58 20 (363) 5,082 298 (3,607) (58) (20) 106,489 31,743 (39.800) (27.217) 66,689 44,926 40,400 15.444 5,000 (8,811) 11,633 4,668 (4.682) (14) 6.030 (6.030) (21.202) 98,801 (76,923) (594) 82 21.907 4,736 (2,055) (4.736) 19,8)2 12.133 (12,133) 1,476 10.965 (1,476) (30,294) 31,259 11,930 2,271 2.559 950 (1,681) (2.559) 1,540 185 (185) 22-
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINIINCIAL sTATEME[s (eonlinued) YEAR ENDED 311 SEPTEIVIBER 2024 20. ANALYSIS OF CHARrrABLE FUNDS (conlinued) SOS Network Project Calderdale Suicide Prevention & Self- Harm CETRtNHS Calderdaje CCG Money & Budgeting CourselCAL Stronger Neighbourhoods Grant Inspire Project Liz Gould (North Halifax) New Providence URC Triple M Fund Calderdale Council Lottcry match funding THIS Northem Gas NetworldGreen Doctor funding Calderdale Cost of Living fund Get Fit Like a Boss UK Shared Prosperity fund Heath United Refomied Church DRO fund Together Housing Lottery Funded Mon¢y Advice Project Fixed asset fund Covid-19 Food Bank Fixed asset fund Money & Budgeting Course/CAL Fixed asset fund Get Fit Like a Boss Fixed asset fund Mercado Carpet Fitting Fund 533 (533) 721 (721) 49,345 (10.519) (614) 38212 21,967 3.473 29,547 (19,164) (17,047) (3.473) 1SJ03 2,100 25,000 3,257 (I,740) (360) 2>,000 24.854 7,386 (14.735) 28,946 13,220 35,966 13,220 72234 70.000 (33,732) 105.582 (43,447) 62,13) 14,910 35.077 14,910 33,763 (lJ14) 92,452 (44,558) 70,733 1.120 4,000 (2,340) (2,780) 1,724 (428) 594 1,890 1286 (322) 964 2.040 (917) 614 1,737 998 (192) 806 37.014 (27,609) 2,276 11,681 23
NOAH'S ARK CENTRE COMPANY LIMITED BY GUAIIANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 30 SEPTEMBER 2024 20. ANALYSIS OF CHARITABLE FUNDS (continiled) CFFCIWashing Machine Fund Mixenden Fund DHSC Early Intervention Hub ASDIMNT Service Glasspool Supporting Stronger Neighbourlioods Mercado Carpet Fitting fund Fixed asset fund DHSC Early Intervention Hub Fixed asset fund 5,200 10.000 (5,650) (4,1)0) 450 5,870 142,344 46,000 25.000 (52,228) (8,847) (31.176) (4,113) 86,003 37,153 (6,176) 17,047 17,047 (7) 504 497 {745) (521,800) 4,113 3J68 402,287 800,279 19,136 699,902 l Oct 2022 Income Expenditure Trnnsfers 30 S¢pt 2023 NHS CCG Big Lottery 'Awards for All, Economic Fighting Fund Ovenden Initiative Emergency Grants CMBC Money Advice Linu Bob Project THISS - Therdpeutic Intervention in Secondary Schools Henry Smith Grant CYP-IAPT & Recruit to Train Training & Supervision Costs THIPS - Therapeutic Interventions in Primary Schools 3.825 (390) 3.436 4,103 (314) 3,789 5,808 298 3,607 13.311 20 (363) 5,445 298 3,607 58 20 (13,253} 113,617 8.759 (7,128) (16.317) 106,489 31.742 8,922 22,827 (16J05) 15,444 12,384 (7,716) 4,668 24
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS (eonlinued) YEAR ENDED 30 SEPTEMBER 2024 20. ANALYSIS OF CHARITABLE FUNDS (coiilinued) CFFC Grants Comm Found Small Pot Lottery Funded Money Advice Project Mental Health Workers for YP in the Home THIFS PACT- Play & Creative Therapies CY MentaI Health Training for Parents covtD-19 Food Bank Tudor Trust Staff Wellbeing Grant StRiCT Sow¢rby Bridge Money Advice SOS Network Project Calderdale Suicide Prevention & Self- 6.045 3.000 (3.015) 6,030 (22,121) 73.093 (83,282) 11,108 (21,202) 28,591 4,736 (6,684) 21,907 4.736 13.789 (1.656) 12,133 1,476 19,055 1,476 10,965 9,207 (15,714) (1,583) 3,000 2.559 (729) 2,271 2,559 185 185 533 533 CETRtNHS Calderdale CCG Money & Budgeting CourselCAL Stronger Neighbourhoods Grant Inspire Project Liz Gould (North Halifax) New Providence URC Triple M Fund Calderdale Council Lottery match funding THIS 721 721 31.310 (31,310) 20,633 2,792 18.750 14,611 (17,416) (13,930) 21,967 3,473 2,100 25,000 1,333 2,100 25,000 3,257 9,084 (7,160) 25.000 70,000 (I I,780) (34,034) l3,220 35,966 25
NOAH'S ARK CENTRE COMPANY LIMITED BY GUIIRANTEE NOTES TO THE FINANCIAL STATEMENTS (cortlinued) YEAR ENDED 30 SEPTEMBER 2024 20. ANALYSIS OF CHARITABLE FUNDS (continued) Northern Gas Network/Green Doctor fundiiig Calderdale Cost of Living fund Get Fit Like a Boss UK Shared Prosperity fund Heath United Reformed Church DRO fund Together Housing Lottery Funded Money Advice Project Fixed asset fund Covid-19 Food Bank Fixed asset fund Money & Budgeting Course/CAL Fixed asset fund Get Fit Like a Boss Fixed asset fund Mercado Carpet Fitting Fund CFFCIWashing Machine Fund Mixenden Fund DHSC Early Intervention Hub ASDIMNT Service Glasspool Supporting Stronger Neighbourhoods Mcrcado Carpet Fitting fund Fixed asset fund DHSC Early Intervention Hub Fixed asset fund 15,000 39,859 (90) (3,681) 14,910 35,077 (1,101) 40.173 (17.334) 22,839 3,000 2.000 (3,060) (880) 60 1,120 {421) 2,145 1,724 {297) 1,583 1,286 (879) 2,919 2,040 (103) I,ioi 998 316,391 384,905 (270,678) (28,331) 402,287 26-
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENfs (conlinued) YEAR ENDED 30 SEPTEMBER 2024 20. ANALYSIS OF CHARITABLE FUNDS (conlinued) NHS CCG - to improve health care services that are accessed by members of our local area. Big Lottery 'Awards for All'/Lottery Capital Grant - the original grant was used to provide equipment and is written off over the life of the assel. Economic Fighting Fund - Money and debt advice Ovenden Initiative - Publicity fund Emergency Grants- To provide emergency support such as foodbanks, and to support essential and basic needs. CMBC Money Advice - Money and debt advice and support. Ling Bob Proj¢¢t - Therapeutic Interventions in Ling Bob School THISS - Therapeutic Intervention in Secondary Schools for improved mental health and well Being. Henry Smith Grant - Received towards running costs, including salary of a project coordinator and also for a project providing counselling for people who have experienced ¢hJld sexual abuse, sexual violence or domestic viol£nc¢ in Cald¢rdale. Calderdale Bereavement Services/Rainbows - for structured programme for children aged 5- I l (primary school age), who are experiencing loss of any kind. CYP-IAPT & Recrnit to Train Children and Young People's Improving Access to Psychological Therapies project that focuses on transforming mental h¢alth services for hildren and young peopl¢ and their families. Training & Supervision Costs - CPD Counselling Children and Young People (5-15 years). THIPS Therapeutic Iniervcntions in Primary Schools for improved mental health and well being. CFFC Grants Community Foundation Small Pot - For debt relief orders. Lottery Funded Money Advice Project - to help sustain and expand our award winning debt advice project. Additionally, we will shortly be offering bi-monthly budgeting and money management training. Mental Health Workers for YP in the Home - to improve young people's mental health in their home. THIFS Therapcutic Interventions for family support for improved mental health and well Bcing. 27
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINAIYCIAL STATEMEiYfs (eonlinued) YEAR ENDED 30 SEPTEMBER 2024 20. ANALYSIS OF CHARITABLE FUNDS (conlinued) PACT- Play & Creative Therapies to support children who are ¢xperiencAng emotional distress which can affcct the way they develop, behave and function in everyday life. CY - Mental Health Training for Parents- Improving acc¢ss to psychological therapies project that focuses on transfomiing mental health services for parents. COVID-19 Food Bank - Since March 2020 we have been running a food bank principally to support the people of North Halifax (although in practice we have been providing support across Calderdale). Tudor Trust Staff Wellbeing Grant - For staff weubeing. StRiCT - reccived from Community Foundation for Calderdale for our project Strengthening Resilience in Challenging Times - Young People's Remote Counselling Sowerby Bridge Money Advice - To support clients in Sowcrby Bridge to access our money advice services. SOS Network Project Calderdale - a small grant around suicide and self-hann prevention. Suicide Prevention & Self-Harni - a small grant around suicide and self-harm prevention. CETRtNHS Calderdale CCG - for a block of sessions agreed to b¢ d¢livercd by a therapist and funded by the CCG. Money & Budgeting Course/CAL - To improve fmancial capability of Calderdale residents. Stronger Neighbourhoods Grant - for supporting stronger n¢ighbourhoods. Inspire Project - To help Calderdale SidentS gain employment. Liz Gould (North Halifax)- Donation received to support the work around rnoney, debt advice and food. New Providence URC - Donation received to support the work around Jnoney, debt advice and food. Triple M Fund - Donations in memory of Chris Moore foi debt relief orders. Calderdale Council match funding - Donations received to support the work around money and debt advice. THIS - Therapeutic Intervention in schools for the improved mental health and well being. Northem Gas Network/Green Doctor funding - Energy surveys within homes to improve efficiency. 28
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO TIIE FINANCIAL STATEMENTS (coiilinued) YEAR ENDED 30 SEPTEMBER 2024 20. ANALYSIS OF CHARITABLE FUNDS (eonlinued) Calderdale cost of living fund 2022 - Support towar(ts runnino costs of debt management. Get Fit Like a Boss - To improve physical activity of groups and in tum improve financial and emotional resilience. UK Shared Prosperity fund - To increase capacity in debt advice project by recruiting and training new employees. Heath United Refotmed Church DRO fund - To support client group in payment of debt relief order fees. Together Housing - a grant to assist with supplying and fitting carpets in homes. Mercado Carpet Fitting fund - To fund the fitting of carpets in the homes of people in need. CFFCIWashing machine fund - To fund washing machines in homes of people in need. Mixenden fund - To fund washing machines in homes of people in need. DHSC Early Intervention hub - To provide Integrated Wellbeing Service to young people within the community. Offering a range ofholistic inlegrated wellbeing interventions aiming to support early improvements and build rcsilience in their mental, emotional and general wcllbeing. AsD/T Service - To provide Therapeutic sessions to young people referred by the service. Glasspool Emergency grants. carpet5 funding to alleviate immcdiate financial pressures through grnnts, to help people navigate challenging times with dignity and renewed sense of hope. Supporting Stronger Neighbourhoods - To fund all aspects of economic and social wellbeing and enhance people's sense of place. 29
1¥40AH'S ARK CENTRE COMPANY LIlkllTED BY GUARANTEE NOTES TO THE FINANCIAL STATEIIqENTS (eonlinued) YEAR ENDED 30 SEPTEMBER 2024 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted Total Funds Funds Funds 2024 Intangible assets Tangible fixed assets Current assets Creditors less than l year Net assets 9.152 45.143 160.719 (6,171) 208,843 9,152 65,373 846,896 (12,676) 908,745 20,230 686,177 (6,505) 699,902 Unrestricted Restricted Total Funds Funds Funds 2023 Intangible assets Tangible fixed assets Current assets Cr¢ditors less than l year Net assets 11,831 45.823 149,152 (9,069) 197,737 11.831 64.478 553,242 (29,527) 600,024 l8,655 404,090 (20,458) 402,287 22. ANALYSIS OF CHANGES IIY NET DEBT At At l Oct 2023 Cash flows 30 Sep 2024 Cash at bank and in hand 506,758 244,760 751,518 23. OPERATING LEASE COMMITMENTS The total future minimum leas¢ payments under non-cancellable operating leases are as follows: 2024 2023 Not later than l year Later than l year and not later than 5 years 3,108 4,403 7,511 24. CONTINGENCIES There is an ongoing dispute with a fornier employee, and whi 1st it is believed unlikely that any liability will aris¢, there is a theoretical contingent liability to the company for any unforeseen expense which may occur as a result of the dispute. 30
NOAH'S ARK CENTRE COMPANY LIMITED BY GUARANfEE NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEvfEMBER 2024 25. RELATED PARTIES During the year the Charity used the services of M B Electrical on normal cominercial tenns totalling £3,150 (2023.. £300). M Brown is related to one of the tTUStees. Salaries and benefits of £56,294 were paid to an employee who are related to a trustee. There were no other related party transactions in this or the previous period. 31