Company registratlon number 05524738 {England and Wales) Charity registrdtlon number 11214991England and Wales) ADHAR PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ADHAR PROJECT LEGAL AND ADMINISTRATIVE INFORMATION TSteeS D Patel H Manjothi IChairDersonl P Kotharl R Martin S San8 {Vice Chairperson) M Robert5 ITreasurerl Senior Management H Sandhu Chief Executive Officer Secretary H Sandhu Charity number 1121499 Company number 05524738 Principal addre55 and reglstered office 79 St Peters Road Leicester LE2 IDH Independent examlner Thomas Mayfield BA FCA Mayfield & Co (Accountants) Ltd 2 Merus Court Meridian Business Park Leicester LE19 IFU Banke CAF Bank 25 Kings Hill Avenue West Mailing Kent ME19 4JQ
ADHAR PROJEcr CONTENTS Page Trustees report Independent examiner's report Statement of financial activities Summary income and expenditure account Balance sheet Notes to the financi315tatements 10-22
ADHAR PROJECT TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policie5 set out In note I to the financial statements and comply with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectlves and actlvltles We provide a range of mental health support service5 primarily but not exclusively to Black, Asian Minority Ethnic communities including. talking therapies CBT and coun5elling/emotional. advocacy on a range of welfare benefits. providing advocacy to inpatient5 at a medium Secure womens mental health community hospital. our senior psychotherapist provides mental health awareness workshops across the City and Charnwood and other county areas. Adhar charity exists to promote health and wellbeing, to challenge the stigma and dlscrimination experienced by those with common and enduring mental health problems primarily in the BAME communities. We offer gender appropriate and safe support services in the community and aim to make those as accessible and welcoming for the diverse and multi faith communities. We promote independence and take action to ernpower, promote policy and good practice to meet the need5 of adults with mental health problems. We provide some support to carers and collaborate with other organisations for improving mental health services. Public Benefft We have referred to the guidance contained in the Charity Commission's general 8uidance on Public Benefit when reviewin8 our aims and objectives, and in planning our future activities. The charity believes It has provided a public benefit during the year through the areas outlined in sertions further on. As, trustees we take our charitable role very seriously and the charity works hard to make sure that it provides charitable services that are socially inclusive. Achievements and performance We set SIX targets to achieve and five of those have been met. 4 Year Business Plan was developed as the previous one due to the pandemic became obsolete, and we use this as a guiding tool to inform our operational targets and the individual workplans assists the staff to holistically deliver their role related targets. We have reduced the waiting list by reviewing our overall assessment and risk management process, which has reduced inappropriate referrals which consumed substantial amount of time and resources. We have clearly defined that we are not a crisis service to referrers and this has helped us to work with more appropriate clients across the city and in Charnwood. Having struggled for many years without administration support, we now have someone for a few hours every week who takes the lead on social media and other service communication and promotional work. This is reflected in more people followlng us on social media. We now have a new boiler and this ha5 made a difference to the heating and more comfortable for the elderly clients and staff. Though energy costs a a significant amount of expenditure. we strive to ensure we are compliant with health and safety and that the building subject to resources is maintained to a good standard. We were very fortunate to have a business custom make our external 8ates and only charged for the fitting. Fundraise for further support to continue the Charnwood services and this we can tentatively report our funding application and proposal has been provisionally approved. We have not fully achieved this target only partially but Independent Evaluation will be completed in the next few months
ADHAR PROJECT TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This year is no different to previous years, we continue to provide services despite the difficulties in acquiring adequate funding for many aspects of our the charity's work, we are most grateful to the Lottery for the giving us funding for 4 years. this will come to an end in less then 2 years time, so you will see we have set this as our main funding target. This service is essential to the wellbeing of our community and the advocacy element within this project has significantly reduced poverty for many individuals and their families. We have recruited more suitable volunteers but we very much see the role of volunteers is to enhance and compliment services provided by paid staff. We are pleased to report that a number of volunteers and students we have had during the last year or so have found employment. We will outline our future plans in this are further on in the trustee pOrt. As a service user led and managed project we have been aware that there is little point in setting long term targets 35 our funding is often temporary and during this and previous year our income has reduced whilst the cost of employment and energy in particular has increased. Cost of living 15 impacting on so many and this has led to more self referrals as people are faced with challenges to thelr wellbeing from local and national government cuts. including the huge impact of global conflicts across other nations. Flnancial review Adhar has like many other same size projects across the country have experienced difficulties both financial and the ups and downs of the economy. we are though in the post pandemic sta8e we are Still trying to come to terms with the changes both at national and local level. We have seen the gulf between the have's and have nots widenin& here and there we have seen people lifted out of poverty thanks to our services. There is the tensions. wars, climate changes that are happeninE sometimes thousands of miles away, yet they are impacting on the mental health of many, we have witnessed this ourselves working in some of the m05t deprived ward5 With multi faith communities, poverty in materlal terms is intolerable alongside with a lack of compassion and understanding is frightening for many. We here at Adhar remain compassionate and caring and this is achleved through not just training and personal development but with understanding and a belief in our core values that everyone has the capacity to chan8e for the better and that those with mental health problems have right to live free of discrimination and lead happy and healthy life's. Adhar has with limited resources and the increasing demands on the services, and insecurities over funding, continued to find it difFicult to plan or develop services. Nevertheless the charity. with the aid of sound financial management and the support of both its staff and volunteers generated a very positive financial outcome and exceeded its targets. The Charity's financial position Can be found in the Statement of Financial Activities on page 7 and the Balance Sheet on page The charity reported totsl income of£303,143, and expenditure of £357,533. Thus reporting a deficit for the year of £54,390. At the year end we had reserves of £364,815 split between: Unrestricted funds general of £nil Unrestricted funds designated of £53,406 Restricted Funds of £11,409 Endowment funds of £300,000
ADHAR PROJECT TRUSTEES REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Reserves Pollcy The reserves as at the year ended 31 March 2025 stood at £364.815, which is considerably down from the previous year's reserves of £419.205. The significant level of reserves is mainly due to the intlusion of the property endowment of £300,000 in respect of 79 St Peters Road. Our free reserves - the unrestricted funds and designated funds stood at £nil and a surplus of £53.406 respectively. So these total £38,293. However, the designated costs are there to cover the van and any wear and tear issues plus depreciation. The designated funds also ¢over5 our dilapidation strategy for the building as we are conscious ongoing repairs and maintenance have become more costly. The Permanent Endowment is unavailable to the trustees to realise as it 15 a Community Asset Transfer. The trustees aim to build sufficient reserves to enable them to maintain reserves in excess of six months "normal costs" The trustees estimate normal ongoing annual costs to be between £200,000 and £300,000. Therefore they are not content with the level of reserves as at the 31 March 2025. Principal Funding Sources National Lottery Community Fund Leicestershire Rutland Foundation ILLR} Grant TSI8 Grant Neighbourhood Mental Health Prevention and Resilience Grant Direct payments/personal budgets longoingl All those other5 who have supported us through donations small donations- Thank you. The Management Committee together with the staff has conducted a review of the major risks to whlch the charity is exposed. Where resources permitting systems or procedures have been established to mitigate the risks the charity faces and a reserves policy was agreed at a management committee meetin8. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions. Procedural policies are in place to ensure compliance with health and safety of stsff, volunteer5. clients and visitors to the project. Plans for future perlods Our 2 target5 for 25126 are To allocate more time to fundraising to continue the therapeutic and advocary services. Funding for our elderly clients support groups. As chair, I would on behalf of the board of trustee5 Wlsh to thank our CEO. Volunteers, Staff, Tutors from WEA and other se55ional activity providers. Particularly want to thank everyone for their continued determination to make a difference and improve the mental health of our communities. Strurture, 8overnance and management Adhar Project is a Charitable Company limited by guarantee, incorporated on 5th August 2005 and re-registered as a charity in January 2008. The organisation was established under a Memorandum of Association which established the objectives and powers of the Charitable Company and is governed under its Articles of Association.
ADHAR PROJECT TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED! FOR THE YEAR ENDED 31 MARCH 2025 The trustee5, who are also the directors for the purpose of company law. and who served during the vear and up to the date of Signature of the financial ststements were: D Patel H Manjothi IChairper50n} P Kothari R Martin S Sang {Vice Chairperson) M Roberts (Treasurer) The staff team as at the 31 March 2025 were: Harjit Sandhu- CEO Susan Brennan- Advocacy Manager U5hma Joshi- Service Co-ordinator Aisha Docrat- Snr CBT Psychotherapist Swati Mistry- Support Worker Ricki Kothari- Support Worker SLtmoya Bhatta - Office Cleaner Alfreka Davis- Therapist/Counsellor Anll Khaira- Driver/Support Worker Lorna Liburd- Therapist/Counsellor Sonal Patel - Service Co-ordinator/CBT Therapist Icharnwoodl Hind Lakh-support Worker Icharnwoodl Appolntment of Mana8ement Commlttee The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements ofthe Memorandum and Articles of A55ociation the members of the Management Committee are elected to serve and are routinely re-eletted. Due to the nature of mental health much of the charity's work inevitably focuses upon BAME people with complex and enduring mentsl health difficulties. The management committee seeks to ensu that the needs of this group are appropriately reflerted through the diversity of the trustee body. To enhance the organi5ations work service users and carers are on the management committee. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Or£anisation Adhar Project has a Management Committee who meet quarterly and support the manager and external consultants for the strategic direction and policy of the charity. At present the Committee has nine members from a variety of backgrounds levant to the work of the charity. The day to day responsibility for the provision of the seNices rests with the CEO along with the Finance and Administration staff. The CEO is responsible for ensuring that the charity delivers the services specified and that key performance Indicators are met. The CEO has responsibility for the day to day operational management of Adhar, individual supervision except for the therapists as they have external clinical supervision of the staff team and also ensuring that the team continues to develop their skills and working practices in line with good practice.
ADHAR PROJEcr TRUSTEES REPORT {INCLUDING DIREcfoRS' REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 On behalf of the board of trustees H Manjothi (Chairperson Trustee 15 December 2025
ADHAR PROJEcr INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFADHAR PROJECT I report to the trustees on my examination of the financial statements of Adhar Project (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity land also its diredors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respert of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examlner's statement Since the charity's gross income exceeded £250,000, the independent e¥aminer must be a member of a body listed in sectlon 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England & Wales IICAEWI, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as reguld by section 386 of the Companies Act 2006. the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements giye 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 preparlng their financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters In connection with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Thomas Mayfield 8A FCA Mayfield & Co (Accountants) Ltd 2 Merus Court Meridian Business Park Leicester LE19 IRJ IS December 2025
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ADHAR PROJECT SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 All Income funds 2025 2024 Gross income 303,143 364,509 Total expenditure from income funds 357.533 397,343 Net expendlture for the year 154,3901 132.8341
ADHAR PROJECT BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 12 316.487 318,319 Current assets Debtors Cash at bank and in hand 13 17,549 46.915 15,366 108,828 64.464 116,1361 124,194 123,308) Creditors: amounts falling due wfthin one year 14 Net current assets 48.328 100,886 Total assets less current Ilablllties 364,815 419.205 The funds of the charity Endowmentfunds Restricted income funds Unrestricted funds- general Unrestrirted funds- designated 17 300.000 11,409 300.000 28,188 26,362 64.655 19 18 20 53,406 364.815 419,205 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 31 Marrh 2025. The director5 acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial ststements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with Section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 15 December 2025 M Roberts (Treasurer) Trustee
ADHAR PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountln8 policies Charity informatlon Adhar Projert 15 a private company limited by guarantee incorporated in England and Wale5. The registered office is 79 St Peters Road, Leicester, LE2 IDH. 1.1 Accounting conventlon The financial ststements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The financial ststements are prepared in sterling, which is the functional currency of the charity. Monetsry amount5 in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Imodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in pparIng the financial statements. 1.3 Charltable fund5 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitsble objectives. Restricted funds are subject to the spending restrictions imposed by the fund provider. unstrICted funds are available for use at the discretion of the trustees at the furtherance of the charity's objectives. 1.4 Income Income is re¢ognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are retognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recogni5ed at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impendin8 distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 10-
ADHAR PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountin8 pollcles (Contlnued) 1.5 Expendltu Ex enditure and Liabilltie5 Liability re¢ognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Governance costs Includes Costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustee5 on governance or constitutional matters. 1.6 Tanglble fixed assets Tanglble fixed assets are Initially measured at C05t and subsequently measured at cost or valuation, net of depreciation and any impairment losse5. Depreciation is recognised so a5 to write off the cost or valuation of assets less their residual values over their useful lives on the following base5'. Land and buildings Motor vehicles Nil in year of acquisition 4% per annum thereafter IO% per annum reducing balance basis The gain or loss arisin8 on the disposal of an asset is determined as the diffence between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment of fixed assets At each reportin8 end date, the charity reviews the carryin8 amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment 1055. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalent5 include cash in hand. deposits held at call with banks, other 5hort-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity 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 measures at their settlement value with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest method. Bu5icfinancial amets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised c05t using the effective interest method unless the arrangement constitutes a financing transartion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial a$5ets classified as receivable within one year are not amortised. 11
ADHAR PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountin8 policies {Continuedl Busicfinancial Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instrument5 are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transartion price and subsequently measured at amortised cost Using the effective interest method. Derecognition offlnanclul liobilities Financial liabilities are derecognised when the charitVs contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's service5 are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and ludgements In the application of the charity'5 accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimate5. The estimates and underlying assumptions ore reviewed on an ongoing basls. Revisions to accounting estimate5 are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revlsion and future periods where the revision affects both current and future periods. Incorne from donatlons and legacles Unrestricted funds 2025 Restrirted fund5 2025 Total Unrestricted funds 2024 Restricted funds 2024 Total 2025 2024 Donations and gift5 Grants 1.575 1,575 174,570 407 407 238,407 174,570 238,407 1,575 174,570 176,145 407 238,407 238,814 12-
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons and legacies (Continued) Unrestricted funds 2025 Restrlrted funds 2025 Total Unrestrlrted funds 2024 Restricted funds 2024 Totsl 2025 2024 Donations and glfts Donations and other income 1.575 1.575 407 407 1,575 1,575 407 407 Grants National Lottery Community Fund- Learn 2 Recovery Neighbourhood Mental Health Prevention and Resilience Grant TSIBGrant 122,770 122,770 118,807 118,807 80,300 80.300 12,500 39,300 12,5 39.300 LLR Community Foundation 39,300 39,300 174.570 174,570 238,407 238,407 Income from tharitable activities Unrestrlcted funds 2025 Unrestricted funds 2024 Charitable artivities Sale of goods Other income 120,386 5,615 12S,311 105 126,001 125,416 Income from investments Unrestrlrted fund5 2025 Unrestrlrted funds 2024 Interest receivable 997 279 13-
ADHAR PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activitles Unrestrirted Funds 2025 Restrirted Funds 2025 Total 2025 Total 2024 Staff costs Depreciation and impairment Group activities and incidents Staff travel Equipment purchases Ststionery, printing and postage Telephone Miscellaneous including hospitality Subscriptions and publications HRM, Conference and Training Bad Debts Advertising & publicity Repairs and renewals 113.018 1,832 11,766 171 131,219 244,237 1.832 19.196 171 259,707 2,036 37.383 315 1,368 1.714 4,671 276 7,430 250 818 250 3.015 3,138 132 1.028 4.265 220 2.197 798 44 617 2,898 220 89 2,340 88 411 1,367 3,231 5.371 5,063 3,443 397 89 133,650 143,923 277,573 324,975 sha of support costs Isee note 81 Share of governance costs (see note 8) 21,947 10.587 27,103 20,323 49.050 30,910 36,584 35,784 166,184 191,349 357.533 397.343 Analysis by fund Unrestricted funds- general Restricted funds 166,184 166.184 191,349 125,709 271.634 191,349 166,184 191,349 357,533 397,343 For the year ended 31 March 2024 Unrestricted funds- general Restricted funds 125,709 125,709 271.634 271,634 125.709 271,634 397,343 Net movement In funds 2025 2024 The net movement in funds is stated after charging/lcreditingl: Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 2,820 1,832 2,520 2.036 14-
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to artivities 2025 2024 Staff costs Premises costs Insurance Legal and profe55ional fees Governance costs 9,257 21,112 3,636 15.045 30,910 9,404 9,280 3,586 14,314 35,784 79.960 72,368 Analysed between: Unrestricted funds Restricted funds 32,534 47.426 12,173 60.195 79,960 72,368 2025 2024 Governance costs comprise: Staff costs Independent examination fee Accounting and payroll costs Bank charges 9,257 2,820 18,650 183 2.520 23,800 60 30,910 35,784 Trustees None of the trustees lor any persons connected with them) received any remuneration during the year. 12024- no trustees were reimbursed for travelling expenses). 10 Employees The average monthly number of employees during the yearwas.. 2025 Number 2024 Number Service Delivery Support Costs Governance li Total 13 io 15-
ADHAR PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 io Employees (Contlnued) Employment costs 2025 2024 Wages and salaries Other pension costs 253,027 9,724 270,385 8.130 262.751 278,515 No employee is allocated entirely to either governance or sUPPOrt cost5: an assessment of part of each employee's involvement in governance or support costs has been used as the basis for determining the above apportionment of costs. The number of employees whose annual remuneration was more than £60,000 is as follows: 2025 Number 2024 Number Band 60,001 to 70,000 Remuneratlon of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 54,094 62.695 11 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 16-
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tangible flxed assets Land ?nd Motor ¥ehltlts bulldlngs Totsl C05t At l April 2024 300,000 20,700 320.7IXI At 31 March 2025 300,000 20,700 320,700 Depreclation and impaimient At l April 2024 Depreciation charged in the year 2,381 1,832 2,381 1.832 At 31 March 2025 4,213 4,213 Carrying amount At 31 March 2025 300.1)00 16,487 316,487 At 31 March 2024 300,000 18,319 318,319 13 Debtors 2025 2024 Amounts lalllng due within one year: Trade debtors Prepayments and accrued income 15,902 1,647 13,240 2.126 17.549 15,366 14 Creditors: amounts falling due withln one year 2025 2024 Notes Other taxation and social security Deferred income Trade treditors Other creditors Accruals 3.628 4.450 6,250 8,222 1,986 2,400 15 8,300 1,808 2,400 16.136 23.308 17-
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Deferred income 2025 2024 Otherdeferred income 6,250 Deferred income is included in the financial statements as follows: 2025 2024 Deferred income is included within: Current liabllities 6,250 Movements in the year: Deferred income at l April 2024 Released from previous periods Resources deferred in the year 6,250 16.2501 6,250 Deferred income at 31 March 2025 6,250 16 Retirement benefit schemes 2025 2024 Defined contributlon schemes Charge to profit or loss in respect of defined contribution schemes 9,724 8.130 The charity operates a defined contrlbution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 17 Endowment funds At l Aprll 2024 At 31 March 2025 Pemianent endowments 300,000 300.0 18-
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Endowment funds Icontlnued) Previous year: At l Aprll 2023 At 31 Marth 2024 Permanent endowments Property Fund 300,000 300,01 The permanent endowment is due to the charitsble company receiving a property as a community asset transfer. The property is 79 St Peters Road. Leicester. The property has been independently valued at £300,000 as of the date of the community asset transfer. 18 Unre5trirted funds The unrestricted funds of the charity comprise the unexpended balances of donation5 and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purp05e5. At l Aprll 2024 Incomlng resources Resources expended Transfers At 31 March 2025 Core Income Sturdee Hospital Charnwood 24,940 1,422 100,697 21,200 6,676 1140,4881 {19,7481 15,9481 11,249 13,602) 2.874 728 26,362 128,573 1166,1841 11.249 Previous year: At l April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Core Income Sturdee H05Pltal 28,462 659 107,382 18,720 1107,7521 117.9571 13.1521 24.940 1.422 29.121 126,102 1125,7091 13,1521 26,362 19-
ADHAR PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l April 2024 Incoming resources Resources expended Transfers At 31 March 2025 TSIB Grant Lloyds Foundation National Lottery Community Fund Learn 2 Recovery Grant Communlty Foundation - LLR Neighbourhood Mental Health Prevention And Resilience Grant 12,500 113,0791 11.2601 15791 20,699 21.959 2,309 122,770 1131.5021 16.4231 39.3Crf) {41,3721 12,072) 3,920 14,136) 12161 28,188 174,570 {191,3491 11,409 Prevlou5 year: At l Aprll 2023 Incoming resources Resources expended Transfers At 31 Marth 2024 LCFC EDF/LLR Awards For All Lloyds Foundation National Lottery Community Fund Learn 2 Recovery Grant Community Foundation- LLR Neighbourhood Mental Health Prevention And Resilience Grant I,ioo 10,700 1,203 45.260 {1,305) 113,5871 11,2031 {23.3011 205 2,887 21.959 118,807 1116,4981 2,309 39.300 139,360) 60 80,300 176.3801 3.920 58,263 238,407 1271,6341 3.152 28.188 -20-
ADHAR PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestrirted funds- designated These are unrestricted funds which are material to the charity's activities. At l April 2024 Transfers At 31 March 2025 Property Funds Transport Funds 40.000 24,655 40,000 13,406 111.249) 64,655 111,2491 53,406 Previous year: At l Aprll 2023 Transfers At 31 March 2024 Property Funds Transport Funds 40.OCK) 24,655 40,000 24,655 64.655 64,655 21 Analysls of net assets between funds Unrestrlrted funds general 2025 Unrestrirted funds deslgnated 2025 Restrirted funds Endowment fund5 Total 2025 2025 2025 At 31 March 2025: Tan8ible assets Current assetsllliabilitiesl {1,832) 1,832 18,319 35,087 300,000 316,487 48,328 11,409 53,406 11,409 300,000 364.815 Unrestrlrted funds general 2024 Unrestricted funds deslgnated 2024 Restricted funds Endowment fvnds Totsl 2024 2024 2024 At 31 March 2024: Tangible a$5ets Current asset511liabilitiesl 18,319 46.336 300,000 318.319 100,886 26,362 28.188 26.362 64,655 28,188 300,000 419,205 -21
ADHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysls of changes in net funds The charity had no material debt during the year. -22-