chrfty r•8l¥Uon nurnb•r 1111499 ComnY r•alrtr•llon ThJmb•r0552473B (Enland and Wl¢•l ADHAR PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024
ADHAR PROJECT LEGAL AND ADMINisfRATIVE INFORMATION TruJt•M D Patel H Manjothl fTrea$urer) P Kotharl (Chalrperson) R Martln S San8 M Roberts (Appolnted 28 February 20241 S•nlor MaMiThnt H Sandhu Chlef Excirtlve Oflker S•ry•tsry H Sandhu Ch•rfty number 1121499 Compary numb•r 05524738 prIn1 ¥ddr•M and wl#v•d oflk• 79 St Peters Ad Ldcester LE2 IDH Ind•pendeirt•xamlner Thomas Morfleld &4 FCA Mayneld & Co {Accountantsl Ltd 2 Merus Court Merfdlan Buslness Parf( Lelcester LEts IRJ B•nlM CAF Bank 25 Kin85 Hlll Avenue We# Malllng Kent ME19 4Jq
ADHAR PROJEcr CONTENTS Trustees report Independent exarnlne¢s report Slatsment of financlal actlFAtI•s Summary income and expenditur• •ccount Balance sheet ststement of cash flow5 Not•s to the flnanclil statements
ADHAR PROJEcr TrUSTEES REPORT (INCWDING DIREcfoR'S REpoKn F(X THE YEAR ENDED 31 MARCH 2024 The trustees present th•lr annual report and flnanclal gtatements for the year ended 31 March 21ll The flnanclal statements have been wepared In accordance wlth the accountln8 Policfes set out In note I to the flnandil statements and comply wlth the chJrlty's t8overnln8 document], the Companles Art 2(K16 Ind "Accountln8 and Reportlng by Charltles: Statement of Recommended Practlce applkable to charttle5 preparfni thelr acc¢Junts tn acL¥Jrd•nu wlth the Flnandal Reportlni Stsndird •ppllcable In the UK and Republ1¢ of Ireland IFRS 1021. (effectlve l January 2019). QbJe¢dves Ind artlvhl We prothde a ranp of mentsl health support ser¥lces prlmarlty but not exluslvely to Blacl Aslan Mlnorlty Ethnlc Communities Indud1 talklng theraples cwr and counselllr&lemotionaL advocacy on a rdn8e of welfare benefitsi prvvldlng adwcacy to Inpatients at a medlum 5ocure womens Thntal health communlty hospital, our 5enlor pshep1St provldes mental health awareness workshop5 icross the city and charnd and other Munty areas.. Adh•r exTsts to promote health ind wellbeln& to ch•llen80 the stlgma and dlscrlmlnatlon experlenced by those wlth cornmon and endurlni mental health problems prlmarily In tho BAME communltles. We offer gender approprlate and safa 5UPPOrt In the c(xnmunlty and alrn to make those •s acce58lble and welcomln8 for the dfverse and multi falth communltle5. We prornote Independence and take actlDn to empcwer• promote pollcy and good practlce to meet the needs of Iduks wlth mental health problems We pnwide some support to c•rers and collaborate wlth other oruanisatlons for Improvln8 mentsl health servkes. blk B•n•fft We have referred to the Suldance contalned In the Charlty Commlsslon's 8•n•rnl wldance on Publk Benefft when revlewlni our aims •nd objectlves, and In plannln8 our future actlvTtles. The charlty belleve5 ft ha$ provld•d a publlc benefft durtngthe year throuih the areis outllned In sectlons furth•r on. As, trustees we take our charltsble role very serfously and the tharlty work5 hard to make sure that tt provldes charftable servlces that •r• soclally Induslve.
ADHAR PROJEcr TRusfEES REPORT {INCLUDING DIRECTOR'S REPORn ICONTINUED) FOR THE YEAR EfiIDED 31 MARCH2024 Athl•v•m•nts and p•rfomwnc• We have near compl•tsd our 4 year strategy and buslness plan th15 us to review and reth a number of polldes and workln8 wlth externil consultsnts led to Improvements. however there Is a long way to 80 to •chl•ve the taryet$ a$ set (Art In the #rat4y and actlons We dld secure the sub contract wlth Sturdee Communlty HospItsI a medlum secure fadllty and provldlns the In patents wlth advocacy support of 8 hours per thls has been Invaluable to Improvlng engagement and supportlni patlent ri8hts It Is hOd that our small but not in$i8nfflcant Input wlll lead to them havlng a better care quallty commtsslon review next year. 3. We have been Successful wlth a small number of funding ippllcallon particularly to Improv• our rr and marketln& our sodal rnedla presence has ortalnfy Improved as evldenced by the number of follaweTh and our new bSIte development from Jetpack Markotln8 has en•bled easler pathway to access our servlces and rnore •fflclent for those wlshlng to send referral& Also help•d us to reduce use of paper and prlntl 4. We secured another twehR months of fundln8 for the servlces In ThUnrStOn not for the LghborOugh servlce but desplte th1$ the cllent pay a smill contrlbutlon and thls has enabled to continu• to meet thelr nee The LLR s•rvlce comes to an end In March 2025 and we wlll be rnaklni a case to the funders for thls 5er¥lce to be properly funded to ensure conllnulty. There are over 150 plus service users most elderly and that Is why we h•Y4 set our fundln8 wiorltles to reduce th• Impact on so many servkn user& 5. We •r• stlll makln8 •ppllullons for PItal qrnnts to asslst us In improvln8 our lIdIng and have approved the 80 ahead for • replacement boller next year to mak our bulldlni ener8y eFficient 4nd other mlnor repalrs hm been carrled out. 6. IT and Webslte has been •chl•v•d but as wlth all technolo8y thls Is not a #andstlll pos1t1o we will k••p looklng at Improvements The therall perfommnce In thls area has certslnly Impr¢Jved our prnfile outslde of Leicester and we have attracted a handful of Indi¥idu•l& wo have made Small donatlons through ourweb51ts. We corrtlnue to Prnde where we can opportunllie5 to students, gchooVcolle8e work •xperlenee and volunteer placements. Thls of course has a Impart on our Ilmlted rasourEes so we wlll be reslrfctlni plac•m•nts for unlvuslty StudentL As so muth tlme sets taken up svpportlni ind super¥lsln8 Students th•t we dld not h•v• th• awctythen to pursue Idte marks a5 set out In last Itars plan. We 11 outline our future pla In thls are further on In the trustee report. As a lar8ely Jenrtce user and oreer led and mani8ed prolect Ire aware that tsrgets have to be reallstk and that the commlsslonerslfunders also need to refiact thls In th•lr OxFCtatl0n8. It Is an Incredlble lepcy that Adhar as a small charlty has mana8ed to stay vlable and contlnue to deliver good seThrfces to a dlverse ran8e of people . partl¢ularly to ¢tIMS of domestl¢ vlolence and the thernpeutlc provlslon we hMI thanks to the Lottery lundlns Is changln8 and Improvin8 lives across the clty and county. A member of staff recenlty sald . Irs not recoanlllon or platftudes we need, slmth need fundlNa to Irk wlth and for the mentally111, Just to makn thlny better forthem, It's not a lot to ask for" We a8ree IVS not a lot to ask for, that 40k could makn such a differenn to 150 plu5 poople, Is a drop in the (Kean when cornpared to the health and soclal care System fundln8 As chalr. I would on behalf of th• board of to thank our CEO Qther ernplorn external holbtlc actmty provlders, Thurmaston Communlty C4ntre. John Storer House. Our Lady of Good counsel and Falth and Includln8 our dedlcated volurtew5 and fvnders.
ADHAR PROJEcr TRUSTEES REPORT (INCWDING DIRECTOR'S REPORn ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fln•n¢l•l r•¥1 Adhar has Ilkn many other same sJz• projects acTOSS the country have experfented dlfflcultl•s both financlal and the ups and downs of the econory• we are though In the post pandemlc stay we are stlll trylng to corne to ternis wlth the thanges both at natlonal arKI local knl. W• h•ve seen the gulf between the have's and have nots wIdenl here and there we have seen people Ilfted out of poverty thanks to our servlce& There Is the tertsions, wars, climate changes that are happenlng sometlmes thousands of mlles away• yet they are Impactlng on the mental health cf manyi we have wTtnessed thls ourselves rkIng in some of the most deprl¥ed wards wlth multl faTth communftlesi pmrty In mthrlal temu Is Intol•r•bl• ilon8glde wlth a lack of compatslan and understandin8 ts frf8htenln8 for mary. We hern at Adhar remaln compasslorth ind TIng ind thls15 achleved throu8h not lust traInI and pwsonal develapm•nt but wlth understsndln8 and a bellef in our core v•lues th•t everyo has the capadty to chan8e for the better and that tho with m•ntsl he4Fth probleThs have ri8ht to Ilve free of dlscrlmlnatlon and lead happy and heafthy li5. The th•rlty's flnanclal posltlon can be found In the Stst•m•nt of Hnanclal Pztfvltles on pay 7 and the Balance Sheet on pase Tho charlty reported total Income of £364,509, and VAperKllture of £397.343. Thus reportin8 a defi¢lt forthe year of £32,83 Last years surplus may report a sllshtly mlsludlryg posltlon 1$ £3cxI,C came a Communlty A8iet Trawfer from th• Lelcester aty Coundl. At the y•ar end had reserves 01 £419305 spllt betw••n: Unre5trfcted funds general of £26,362 Unr•strfcted funds desl8nated of £64,655 Rostrlcted Fund$ of £2¢188 Endowmert funds of £3QO.OC The reserves as at the year ended 31 March 2024 Stood at £419,205. whkh 1$ 5118htly dLAffi fr¢m the prevlous reserves of £452.039. The s18nFfftant lebl ot reser is milnly due to the Incluslon of the property endowment crf E300,IXJO In respect of 79 St Petefs Road. r fr•• reserves - the unrestrfrted funds •nd deslgnated funds stood at £26J62 and £6455 reSpectlbtl SO these total £91.017. However. the desjgnated costs are there to c(r•erthe van and •ny wear and tear Issues plus depredatlon. Th• desl8nated funds also covers our dllapidatlon strnt•8y for the bulldln8 as we are comclous onqoin8 r•113 and m•lntenance have become more c05tly. The Permanent Endowment is unavallable to the trustses to reallse as tt Is a CommunltyAssetTrdn5fer. The Irustees alm to bulld sufficient resems to •n•ble them to malntaln reserves In excess of slx months "Mrm•l costs.. The trustees estlmate normal ongolrq annual costs to be between £200.fAI) and £3110.COJ. Threfore they are not content wlth the level of reserves as at the 31 March 2024. PrknclpAI Fundkns 5ourc•s Natlonal Lottery CommunTty Fund Nel8hbourho¢xl Mental Health Preventlon and Reslllence LLR Communlty Found•tlon Dlrett wm•ntslpersonal budws longolng) All those others who have supported us throuth donatlons
ADHAR PROJEcr TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR 7HE YEAR ENDED 31 MAROI 2024 R15k M•n¥anMrt Pdl¢l The Manapnent CommTttee to8ether wlth the staff has conducted • revlew of the maJor rlsks to Mthlth th• charlty Is exposed. Where resources permlttln8 Wsterns or procedur05 have b•on e5tabllshed to MIte the rfsks the charlty faces and reserves pollcy was a8reed at a mana8ement commlttee meetln& 518nmcant external rlsks to fiJndln8 have lead to the de¥*lopment of a strawc plan whlch wlll allow for the dlverslflcatlon of fund] and actl¥fties. Internal control rfsks are mlnlrnlsed bythe Implementatlon of procedures for authorlsatic>n of all trnnSartl0 Procedurdl polldes In place to ensure cornpllance wtth flre and 5ty of bulldln& staff. volunteers, cllents and $t01S to the prDJect. Plins forfutur• perfoth Our plan Is to: l. To fundnlse to secure the Charnwood sepAc•s 1$ a kéy prforlty and to finallse the 4 y•ir buslness planl Strate8V that sets out our dlrecuon forthe comlrq few year& 2. To inu•ase the therapeutlc ser¥ic05 and reduu waltln8 ItsL 3. To mike fundln8 appltIOnS Includlni tapltal for the bulldln8 5. To employ a part tlme ldmlnlstrator wlth • focus Sodal Medla 6. To Replace the Boller and Gatss the latt•r dependlng on current resources. 7. To plan and wocure consultsnt to undertake and Independent EFAluatlon of Ill ourservlces. Adhar Projert Is a Charltable Compary limlted gu•rant•e, Incorporated on 5th Aulust 2(X)5 and rtrre8lstered as o charlty In January 2008. The oryanlsatlon was eAabllshed under a Memordndurn of Assoclatlon whlth establlshed the objecti5 and powers af the Charftable Company and Is govemod under Its Artldes of Assodatlon. The Irustees, who are also the dlrectors for the purpose of compary law and who ser¥•d durln8 the year and up to the date of 51inatur• of the flnandal statements were.. D Patel H ManthI (Treasur•r) P Kotharl (Ubalrp•rnon) R Martln M Robert5 (Appolnted 28 February 2024)
ADHAR PROJEcr TRUSTEES REPORT IINCLUDING DIREcfoR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The staff team as on the 31 March 2024 were: Ms. Harllt Sandhu- CEO Mrs Brennan- AdKacY Manager Mrs. U$hma Joshl-servke Co-ordlnator Alsh Docrat- Snr CDT Psythotheraplst Swatl Mlstry- Pport Workr Rlckl Kotharl-support Workr Sumaya Bhatta- Offlce Cleaner Anll Khalra- Dfverlsupport Worker Sonal Patel-SeNlce Ctrordlnatorrnieraptst Hlnd Lakhal-support Worknr Appolbltmrt of M4n•ymrt Cornffllttae The dlrectors of the company are also tharlty trustees for the wrposes of charfty and under the comp•n¢s Artlcle5 are known as members of the Management Commfttee. Under the requlrements of the MemorarKlum ind Mlcles of Assodatlon the Members of the Mana8ement Comrnlttee are elerted to seNe and are rline1¥ rmletted, Due to the nature of mentsl heifth much of the charlvs work Inevltsbly focuses upon BAME people wlth complex and •ndurfng menlal health dlfflcultkn& The mana8ement commlttee seeb to ensure that the needs of thls group are approprlatsfy refiected throu8h the derSIty of the trustee body. To enharKe the oryanlsatloM work service users and carers are on the mana8ement comrnltt••. None of the trustees has any benefldal Interest In the compary. All of the trustees are members of the c¢mpany and 8uaThntee to contrlbute £1 In the event of a w1nd1 up. Ownl Adr Project has a Mana8ement Commltt•• who m••t quarterly and support the manapr and external consultants for the 5trate dlrectlon and pollcy afthe charlty At present the Commlttee has nlne members from a Wdriety of backyounds relthontto the work of the charlty. Th• day to dav responslbllltyfor the prnrfslon of the services rests wlth the CEO alonz wfth the Flnance and fvAminlstratit)n staff. The CEO Is rP0[ble for erraurln8 that the charlty dellvers the servlces spe£Med and that key perftymance Indlcators are meL The CEO has responslblllty for th day to day operntlonal mana8•m•nt cf Adhar, Indlvldu•l supor¥l$lon except for thè theraplsts as thy have external dlnlcal supervlslon of the staff team and also en5urln8 that the tsam contlnues to develop thelrskllls and workln8 practice5 in Ilne wFth pod practlce. On behalf of the l)oard of trustees P Kotharl lthalrper50n) Trustee 13 D•cembtr 2024
ADHAR PROJEcr INDEPENDENT EXAMINER'S REpoirr TO THE TrUSTEES OF ADHAR PROJECT l rnport to the tiiistees on rry •Aminatlon of the financi•l 5tat•ments of Adhar Project (the charltyl for the year ended 31 March 2024. PawdbJlftle8 and b•sb of r•wt As the trustees of the thartty (and also Its dlrectors for the purposes of company lawl wju are responsible for the preparntion of the flnancial 5tatsments in aCrdanCe wlth the requlrements of the Companles Act 2006 (the 2CJ6IA). sitl&led mysolF th•t the flnanclal statements of the charlty are not requlred to be audlted under P•rt 16 ¢)f the 2006 Act ind arn elwible for Independent eyamlnatlon, I report In respect of my emInatIOn of the chrltys flnondal statements carrled out under sectlon 145 of the Chafftles Act 2011 {the 2011 Act). In Carry1 out my eyaminatlon I hrn followed all the appllcabie Dir•ctlons alven bythe Charlty Commlsslon under sertion 14515)(b) of the 2011 ACL Ind•p•ndqnt •umlMr •tatem•rt Slnu the tharW$ 8ross Income exreeded £250OCI) ur ey2mlner must be • member of a body Ilsted In sectlon 145 of the 2011 Act. I confirm that l am qualffled tt4 undertake the examin•tlon b•c4us• l am a member of Instltirte of Chartered Accountsnts In En8iand & Wales IICAEW), whlch Is one of the listed bodle5. I have completed my emInation. I conflrni that no mJtt•rs hrn come to rry attentlon In connectlon wlth the *Aminatlon 8Mn8 me cause to belleve that In ary materfial re5P8rt: accountln8 records were not kept in rnsport of the chartty as requlred by sectlon 386 of the 21YJ6Prt' or the flnancial ststements do not iccord wtth those remrds; or the tlnancial statements do not comply wfth the accountlng requlrements of sectlon 396 of the 2006 Act other than any requiremqnt that the accounts ilve a true and falr vlew whlch Is Mt a matter considered a5 part of an IndePLdent exarnlnrtlon; or the ftnand81 staternents have not been prepared In accordance with the method5 and prlndples of the Ststement of Recommended Pr¥cUce for accountlng and reportln8 by charltles applkable to charftles preparfng thelr •ccounts In accordance with th• Hnanclal Reportlng Stsndard applknble In the UK and Republlc of Ireland (FRS 102). I no concerns •nd have come across no other matters In connectlon wlth the examlnztlon to whlth attentlon should be drawn in th15 report In order to enable a proper understandin8 of the flnandal statements ta b• r••chod. Thamai Mayfield U FCA Meld & Co (Accountants) Ltd 2 Merus Crt Merldlan Buslness Park Lelcester LE19 IIU Dated: 13 December 2024
P4 1 i ai m*
ADHAR PROJEcr SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 All InMm• funds Gr03s Income 364509 331584 Total expendltur• from Incorne funds 397.343 296A86 N•t (•XP•ndr•vlnCorn• for the (32,834) 36.098
ADHAR PROJEcr LANCE SHEET AS AT31 MARCH 2024 Hx•d T1ible assets 318.319 320J55 Curr•nt ilia Debtors Cash at b8nk and In hand 15,366 108A28 24156 120,038 i24.4 123,308) 194 {10} CMdllgTr: amounts du• wftNn one ymr N•t eumnt •u•ts Icl),886 131,684 Total ai*ts I curr•nt Ilablllll 419,205 451039 Net 4Vdats •xdudlw p•nilon Ilabllty 419,2LS 451039 Th• fundi of th• th•rllv End¢)wment funds Restrfrted Income fund5 Unresirlcted funth- ynernl Unreslrlcted fund5- deslsnated 17 19 300X#)O 3(X)O 58.Z63 29,121 64,655 26.362 64,655 20 419,205 451039 The companyls entltl•d to the exempuon from the audlt requlrement ci>ntalned In sectlon 477 of the Comp•nle5 Act 26. for the year ended 31 March 2024. The dlrector acknowledges hls respon51bllltles for comptyln8 wlth the requlrements ot the Companies Att 2Cn6 with respect to accounti records and the prepaThtlon of flnanclal ststements. The members have not reqvlrad the rnmp•ny to obtsln an audlt of Its flnandal statements for the war In questlon In accordance with sertlon 476. These finandal statsments have been propared In accord•nc• wlth the provlslons appllcable to companles suble¢t to the smèll companles re8lme. The flnanclal statements were approved by the trustee5 on 13 December 2024 HBMI H Manjothl (Treaurer) Tfurtee Company r•Ostratlon number 05524738 IEn8land and Wales}
ADHAR PROJEcr NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARa12024 AtntI poucles Ch•rlty Inforniaii Adhar Project Is a private company limlted by Buavarrtee Incorporated In Eniland and Wales. The relstered offltx is 79 St Peter5 Road. Leicestqr, LE2 IDH. 1.1 A¢coun1l tonxntlon The flnancial statements have been prepared In accordance wtth the charlty's tlavernlni documentl, the Companles Act 2£, FRS 102 Yhe Fln•nclal Reportlng Standard appllcable In the UK and Republk of Irelan I'FRS 102") and th• Charlties SORP 'Acthuntlng and Reportlng by Charltles: Statement of Recommended Practlce ippllcable to charftles preparlw thelr accounts In accordance wlth the Flnandal Reportlng Standard appllcable In the UK and RepublF¢ of Ireland (FRS 1021" Iqffectl¥e l January 2019). The charlty Is a Public Benefft Enty as defined by FRS 102. The flnandal statements are prepirEd In st•rlln& whlch Is the functlonal currency of the charity. Monetsry amounts In these flnanclal statements are rounded to the nearest £. The fFnanclo1 statements have been prered under the hlstorkal cost cOnntIon. Imodmed to Indude the revaluation of freehold propertles and to include Irnmstment propertles and certaln flnandal Instruments at falr valuej. Tha prlndpal accountlns pollcles adopted irn set out below. 12 Goln8 l¢ern At the tlme of ¥py0vIn the flnandil statements, the trustees have a reasonable expeci*lon that the charlty has adequate resources to contlnue In operatlonal existence for the f(xeseeable future. Thus the trustees continuo to adopt the pln8 coneem ba$ls of acwuntlni In preparlw th• tlnanclal statements. L3 Charltsbl• ldI Unrestrfcted funds are avallable for use at th• d15cretlon af the trustees In furtherance of thelr tharitsble obJecthKs. Restrlcted fund5 are subl&t to th• Jpendlng mtrlttloNq Imposed by the fund Pder. Unrestrlcted funds are Mllable for use at the dlscretlon of the ttee$ atthe furtheranco of the chirlvs ¢)bJoctlve8. IA Incom• Income is rew8nlsed the charfty15 le8alty entltled to k after any perfarminc• (vndltlons have be•n meL the amounts can be measured rellabty. and It Is probable that income wlll be recelwd. Cash donatlora are re¢o8nlsed on reulpt. Other don•tlons are rewn15ed once the charfty has b••n notId d the donatlon, unless perfOrnnce condltlons require deferrJl of the amounL Income tsx rec(MErnble In relatlon to donatlons receId under Glft Ald or deeds of covenantls reco8nlsed at the tlme of the donatlon. Le8acl•s ir• rncoinlsed on recelpt or otherwlse If the charlty has been notlfl•d of in ImpondlnB d1strf1t1orn the amount ts known. and recelpt Is experted. If the amount Is not known, the le8acy Is tre•tsd contlrynt asset. 10-
ADHAR PROJEcr NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 At¢ountlry polkl (Corrtlnu•d) 1.5 Exp•ndltyr• Iture and Ll Uablllty reco8nltlon - Uabilities are recognlwd as soon as there Is a lepl or nstrUctive obllpuon commlttln8 the charfty to pay out resources. Al Includes Costs of the preparatlon and eyamlnatlon of statutory account4 the c05t5 of trustee meetlr45 and c05t of any le8al alfvlce to on 8ovemance or con5th1onal mattar& TanAible flxed assets are Inltlally measured at Cost and subwuently measured at cost or valuatk>n, net of depreclatlon and any lrnpalrnnI losses. DeprecIOn Is reco8nlsed so as to wrlte off tha c05t or valuation of assets less thelr resldual lUeS over their useful Il¥es an the followlng base&. Land and lIdIng3 Motorvehldeg Nll in y•ir of •cqulsltlon 4% per annum thereafter IO% p•r Jnnum reducln8 balance basls The Zaln or loss arfsln8 on the dlsposal of an asset is detsrmlned as the dlfference betwn the sale pr¢>ceeds and the rrWng value of the asseL and 1$ re¢o8nlsed In the ststement of flnandal actSvftles. L7 Imylrniart offix•d Miets At each reportlng end date, the tharlty reewS the arrylni amounts of tsn8lble assets to determlne whether thern Is any Indl¢atlon that those a$set5 have suffered •n Impalrment lom. If any such Indlcatlon exlsts, the rtcmrnble amount of the asset b e#lmated in orderto determlne the extent of the Impalrment loss {If anv). l.a Cath and ¢aih •quhMlqnts Cash and cash equlvalents Include cash In hand, d•p051ts held at ull wlth banks, other short-term Ilquld In$trn•nts wlth arl8lnal maturltles of three months or less. and bank overdrnfa. Bank overdrafts are shthyn wlthln borrDwln85 In urrent lIalItIe& 1.9 Rn•Thgal Inthmlnts The charfty onty has )IMnclal assets and flnanclal lknbllltles of a klnd that quallfy o ba51c ftnènclal Inrtruments. Blsk flrbanclal Instruments are Inklally r•coznlsed at transactlon value and subsequentty measures at thelr settlement value wlth the &xceptlon of bank loan whkh are subsequently measured at amortlsed cost U5ini the effectlve Interest method. BKIC flnandal assets, whlch Include debtors and cash and k balances, are Inltlally measured at trnn5actlon prke Includlng n5?lon costs and are subsequently carrfed at amortls•d cost Un8 the effertlve Interest method unless th• •rrangement coiistltutes a llnandn8 tranrtIOn, where th• transactlon Is measured at the present value of the future recelpts dlscounted at a mafv*t rate of Interest. Finindil aslets dassffled as recelwdble wthln one year are not •mortlsed. 11
ADHAR PROJECT
NOTES TO THE FINANaAL sfATEMEKrs (coKriNUED)
FOR THE YEAR ENDED 31 MARCH2024
A¢countlN pollcl
(Conllnu•dJ
Baslc finindil Ilabllltles, Indudlns credltors and bank loans are init1a1 recognlsed at tran$artion prlce unless the
arrdn8ement constltute5 a financlng transactlon, where the debt Instrument Is measured at the present value of the
fvture payinents discounted at a markt rats of Interest. Flnanciil Ilabllltles daMKled as payable wlthln one year are not
amortlsed.
Debt instrum•nts are subsequently carrled at amortlsed cosL uslnithe effective Interest rats method.
Trado cr•dltors are obllg•tlon3 to Pay for8oods or seThlces that been acqulred In the ordlnary cours0 of operatlons
from suppllers. Amounts payable are classlfled as current liabilitles If payment Is due wlthln one y•ar or less. If no< they
ire presented as non
Ji- 883
Iii" iji" zu
ADHAR PROJEcr NOTES TO IHE FINANCIAL sfATEMENTS (CONTINUED) FOR 7HE YEAR ENDED 31 IWARQ12024 Inmme from don•tlani andlopd (Cartlnu•d) Th• donatlon In rnsp•ct of th• permahent endowment relates to a o)mmunlty 455et transfer from Leicester aty Coundl In respert of the property 79 St Peters Roa Lekester. The property has been Independeth Yalued at £31XJJm as of the date of transfer. Incom• from thwltabl• irtl¥ftl•B Unr•Jtrlthd Unrestrf¢t•d ndj fundi Ch•rftabl• ac111 Personal Dlrect Payments IPDP) Other Income 125.311 105 106,256 125A16 106,256 Income from IrMrtm•rti Unmttrfcted r•tt•d lunds funds 2023 Interest recalble 279 252 15-
ADHAR PROJEcr NiyfES TO THE HNANCIAL sfATEMENTS (CONTINUED) FOR 7HE YEAR ENDED 31 MARCH2024 Unrethcted Il•itrkt•d Funds Funds 2024 2023 Stsff costs Depreclatlon and Impalrment Group actlvltles and Inddents Stsff travel Equlpment purcho$e5 Statlonery. prlntlng and postsp Telephone Mbcellaneous Including h05pltallty Subscrlptlons and publlc4tlons HRM, Confer•n¢• Jnd Thlnlng Bad Debts Advertlsln£ & publldty Ilep•lrs and renewals 83,2S4 2,036 16,IX3 102 176,453 I4315 345 2¥840 2036 37,383 315 21.3fy) 213 iJ68 IA09 3.790 276 816 1,210 2,158 255 151 8256 1333 3.600 1297 1714 4,671 276 3,231 5J71 5.063 3A43 831 4,741 5,063 397 113,536 214439 324,975 .125 Share of support costs (see note 7) Share of pvernance C05ts (see note 7) 7,343 4.830 29,241 30954 36.584 35.784 67,163 41,198 125,709 27&634 397,343 296,486 AMWS by fund Unrestrftted funds. yn•ral Unrestrfcted funds- deslunated Restrlcted funds 125,709 125,709 113,142 345 182.999 271.634 27L634 125.709 271,634 397,343 296A86 Fortha ye•r ended 31 Mirth 2023 Unrestrlcted funds- 8eneral Unrestrlthd funds- desl8nated Restrfcted funds 113.142 345 113.142 345 I595 113A87 181999 296.486 18.
ADHAR PROJEcr N(YfES TO THE FINANaAL STATEMENTS (CONTINUED) THE YEAR ENDED 31 MARCH 2024 Support ta •llor•t•d to 2024 35,789 23.623 1,481 6,270 41.198 Premlses costs Insurnnc• Le8•1 and professlonal fees 9.280 3.586 14,314 35.784 72,368 J61 Analymd b•tw••n: Unrestrkted funds Restrlcted funds 11173 60,195 60,$29 47.832 71368 108,361 20 2023 Gov•MCl ca#1 comprfm: Staff costs Independent examln•tlon fee Accountin8 and payroll costs Bank thar lo1 zo 17,750 l520 60 41198 N•t mtyd•m•rt In furnli 102J The net rnov•m•nt In funds Is st•tsd •ft•r ehar8ln8llcredltln8).' Fees paydble for the Independent emmlnitlon of the charltvs flninthl st•t•m•nts D•predlon of owned tanble flxed 45sets 1520 26 1520 345 Truth•i Non• of th• trustees {or any persons connerted wFth them) rKeived iny remunoratlon durlng th• y••r. (2023- one tru5te• was relmbursed a total of £245 fortravelllng penseS). 10 T•Mtlon Th• tharltylg exempt from tsxitlon on Its artmtles because all its inrne Is applled for dwrttable purpoges. 17-
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Empltsyo The 3verdV monthly number of ernploy••s durlng the year was: 2023 Nwnb•r Mumbar Servke Dellvery support Costs Governance Employment 20 Waps and Aalar1•5 Other pension costs 193,690 65 278,515 2C(1.255 No employee Is alllxated entlrely to elther 8ovorninEe or sUPPOrt costs: an asse5sm•nt of part of each emplo¢,$ Invofvement In pvernance or support cost$ has been used as the basls fDr determlnlry the 4bove apportlonment of The number of •mployees whcAe annual remuneratlon was more than £60,000 is as follows: 2021 Number Numb•r Band 60.001 to 70.IXXI Ilomuneratlon of key ffl•n4ement pev*)nn•l The remuneratlon of h2y m?na8ement personnel was as follow5: repte comp•ns•tlon 61695 52.127 18-
ADHAR PROJEcr NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Trrylble flx•d 4 Mjmrvehld At l Aprll 2023 3.000 20.700 320.700 At 31 March 2024 300.C 20.700 320,71JO Dew•¢latlon and Imp•lrni•irt At l Aprll 2023 Depra(i8tiDn Cr8ed In the year 345 1036 At 31 M•rch 2024 2J81 2J81 C•rrylw am¢wnl At 31 Marth 2014 3(K).I 11319 318319 At 31 March 2023 300,OLM) 20J55 320.355 li D•bto 2024 20J Afflounts f•lllry du• wlthkn one yur Trade debto Prepayments and a¢crued income 13.240 1126 18,087 8.069 15366 26,156 Cr•dltor&' amounts f•llrydu• wftNn on• yo•r Not•s Other tsxatlon and soclal securlty Deferred Income Trade credltors Other Credltors Accruals 3,714 8.222 L986 7,154 L242 23J08 19-
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2024 15 Doforred In¢om• 2024 2023 Other deferred Income &250 Deferred incorne Fs Induded In the flnandal statements as folJoTPA: *y£ Deferred Income Is Induded wlthln: Current Ilabllltles 6,250 Movements in the yeap. Deferred income at l Aprll 2013 Resourc45 deferred In tho year 6,250 Deferred Income •t 31 March 2024 6250 10 R•tlr•m•nt b&i•fft #h•mes 20Z4 D•ffned ¢ontrlbudon Khem Charge to profit or loss In pect of defined contrfbutlon schemes 8,130 6.565 dwrtty operntes a defined contributkjn wnsion srh•me for all qu•llfyln8 employees. The assets of the sch•m• are held separat•ly from th03e of the dwrlty In an indqpqndently admlnlst•red fvnd. 17 Endvwm•nt fvnds At i ••rfl XUJ Inojmlni At M Marth Yeur(¢s 2024 P•rm•n•nt •ndowm&its Property Fund 31XJ,(XXI 3tKI,ClJO
ADHAR PROJECT N(yfES TO THE FINANCIAL sfATEMEKrs (coKriNUED) FOR 7HE YEAR EfiIDED 31 MARCH2024 17 Endvmqnt fund (Coniknued) pl0u1 y••r: At i Aprfl 2022 Incomlry At 31 M•rth 2023 P•rnianent •nthwments PrDperty Fund 3(Kl.Ll)O The permanent endowment Is due to the charftable company rn(eM a property is a communtty asset transfer. The property Is 79 St Peters Roa¢ Lelcethr. The property ha5 been Independently valued at £300,LD) as of the date of the c4xnmuntty asset trdnsfer. 18 Unr•l¢t•d fun The unr•strfcted funds of the charlty comprise the unexpended b8linc•s of donatlons and grnnts whlch are not Subject to spedffc condltlons by donor5 and 8rantor5 15 to how they be used. These Indude desl8nated fvnds which have bmn set aslde oirt of unrestrlcted funds th• trustaes for speclFlc purpoJ•s. At l Aprfl 2023 Incornlni Ruou•S •xpend•d Tranrforn At JI Mw¢h Core Income sturdee Hospltal 28A62 659 107,382 (107,752) 117.957) (3.152) IA22 29.121 126,102 (125,709) 13,1521 26J62 At i Aprfl 2022 Intomlry Resour rellre exp•nd•d Tranrf•rn At 31 M•rth Core Income Sturdee H03pitsI 46,959 10&284 1520 (111,281) (L861) OD YJA62 659 46.959 I1004 (113.141) I.500) 29.1 21
ADHAR PROJEcr N(yfES TO THE FINANCIAL sfATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MAR012024 R•$Mcd funth The restrict•d funds of the charlty comprfse the un•xpended balanc•s of donatlons and grants held on tN5t subi•rt to 5pedfic condltlons by donors as to howthey mty be used. At i ••rf12023 Incam Ruourc •xp•ndqd TraMf•rn At JI M•rrh LCFC EDFnLR Awards ForAII Lloyds Foundatson Natlonal Lottery Comrnunlty Fund 11.305) (1387) (1,203) 12330 205 2W7 10,700 L203 45.260 21,959 118,807 (116 4981 1309 Grnnt Communfty Foundation . LLR Nel8hbourhoDd Mental He•lth Prth*ntion And Resilienc• Gr•nt 39.3C {39,3601 80,3CKI P4380) 3,920 58.263 238A07 P71.634) 3,152 28,188 i Aprfl 2022 Inrrynkng Iluourus Tr4nsf•rn At 91 March Mental Health Recovery LPCGMOJ CYP-NHS LCK CRF EDFILLR AWARDS FOR ALL Lloyds Foundatlon 1450) 2.963 1800 (96,150) 12.963) (3JOO) 120,000) 150,llX)) {13461 14,7401 1,100 13,9601 2,830 3549 6.250 23.960 57.970 &203 45,260 43,750 14982 22L780 I1999) 51263 -22-
ADHAR PROJEcr NufES TO THE FINANCIAL sfATEMEKfs (CONTINUED) THE YEAR EIVDED 31 MARCH 2024 Unrestrt¢t•d fundi. d•nAt•d Thesq are unrestrict•d funds whkth are materlal to the charlty's actlvltles. At l Awll 2023 Resour expend•d TMnsfor• At 31 Marth 2024 Property Funds nsport Funds 40,000 24,655 24.655 64655 fA.655 At l Awll 22 R•lOU1 Tr¥nrf•rs At 31 March nd•d Property Funds Trnnsport Funds AJ 40.oc 24.655 25,1NX) 50.LWX) (345} 00 64,655 of net iM•t8 b•tween funds Unr•rtrfct•d Unr•rtrfct•d ndi fvnd• •r•l dWlyt•d 20 2014 Endowmrt fun At 31 Mirth 20X' Tan8lble assets Current Ists1(11ablIltIe$) 300.OC(I 318319 ILKI.886 26J62 28.188 26,362 64555 419,205 nd• fundi lundi 2023 At 31 Mah 21121: Tanllbk assets Ojrrent assetsl(IlabllStles) 20355 320J55 13L684 29.ui 58263 29.121 64,655 58.263 300,0 451039
ADHAR PROJEcr NafES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE YEAR ENDED 31 MARCH 2024 Amlyls of In netfunds The tharfty had no matsrlal debt durfng the ye•r.