Cornpany reglstratlon number. 06653625 Charlty reglstratlon numbèr: 1127489 Amabile Choirs (A company Ilmlted by guarantaa) Annual Report and Flnanclal Stalemnts for the Year Ended 31 Augu8t 2025 Stablès Thompson & Brlscoe Llmlted Chartor8d Accountants and Ststutory Audbtor Lowih8r House Lowlher Street Kendal LA9 4DX Amablle Cholrs Contents Refèran¢8 and AdmInIs￿lIve Detsll8 Trustees. Report 2to5 Independent Ex8mlne¢$ Report St8tsment of Flnancl81 Acllvltles 7t08 Belence Sheèt Notes to th8 Fln8nd81 Statéments 10t021 Amablle Cholrs Reference and Admlnlstratlve Detalls Charfty Reglslrntlon Number 1127489 Company Roglstratlon Numbor 06653625 The charfty 1$ Incorporaled In England and Wales. Lowther House Lowthw Stroet Kendal Cumbda LA9 4DX Slables Thompson & Brlscoe Llmlted Chartered Accountsnts and Statutory Audltor Lovther House Ltwrther Streot Kèndal LA9 4DX Stsblej Thompson & 8rl8coe Llmlted Lowlher House Lowthor Street Kendal Cumbrfa LA9 4DX Reg181ered Offlc• Indopendgnt Examlnar Accountants P8ga 1 Amabile Cholrs Trustees, Report The trustees, who are dlrectors for the purposes of company18w. present the annual report together rflh the financlal ststements ol the charltsble ¢omp8ny for the year ended 31 August 2025. Oblecllve8 and act1￿1￿$ Th8 objects of the charity are: A.To advance, Improve, develop and m•lntsln publlc educa￿On In, and opprKladon of, the art and 8clence of choral music In 811 Its aspecls by the pres8niallon of, and p8rticlpation In, publlc concerts, recltals and competltlon8 and through 8ny other means Ihgt the dlrector8 In Ihelr dlsuellon sha51 thlnk 8.To educate people In choral muslc ond related dl$dpllne8 by 8s6lstlng an(Vor enabllng them to traln and to Perform In concort8, recbtals and competlilon8. C.To further such other chadtabl• purp08e or purpo888 as the dlreclors In thglr d18cr8tlon shall thlnk flt, In p8rtlcul8r Ihrough the maklng of grants and don8tt0Th81o Indlvldual students of choral mu81¢ and releled d18clplln08 to help them traln 8ndlor perform the sama. Publk benefit The charlty conilnued to promote 81nglng and p8rform8nc8 by tralnlng the cholrs and puttlng on eoncert8 and work8hops. The tru8ts88 confim thal they hava eompllad wlth tho requlrèments of 8ecilon 17 of the Charltle8 Act 2011 to have du8 regard to the publlc benefit ouklanca publlshed by the Charlty Commlsslon lor England and Wale8. Achlavoments and porfomi•nc• Ovardew Thls has been an exceplonal 2024-2025 8cademl¢ year for Amablle Cholrs: artlstlcally ambltlous, oulward-faclng, and lull of loylul coll8bor8tlon. We consolldated compelllon successes, expanded mu8lc81 partnersh1￿ In the cornmunlty, and welcomed relurnlng leaders who have already made a tsnglble dlfference. The s88son's actlvlty bullt moméntum that posbllons us well for recrultment. our database upgrade, and the cel8biailon8 planned for Amablle's 30th annlversary. Kèy •v8nts and 8¢hlgveménts Re8Sdenital weekand ot Guy's Farm - 8 productlve, energlslng retreat that deepened muslc81 focus and ansemble coheglon across all groups. . Jolnt concert wlth Askham Town Band - e su¢¢e$sful {￿$848nre partnershlp th8t br03dened our audlence and rep8rtolre. Chrlstmas orols at LeYen8 Hall and Greystoke Ca8tle. Chrlslmas concert at Kendal P8rlsh Church - 8 trlumphant relurn to 8 large venufr and a w￿nderfUl moment to show¢a8e our fvll ¢holr In a fesllve settlng. Sempre Ameblle hosted Solway Slngers for the first of trNO lolnt Mncerts - the stsrt of a promlslng muslc81 frl8ndshlp. Amablle & Sempre fOrn￿d a 'super Chol￿ and placed Second at thè Manchester Annu81 Chor81 Competition - a major competitlve milestone that $howc8$ed our techn1￿1 and expre5sIv8 strengths. • Mary Wakefield F&stlval - Amablle and Sempre entered $8P8rately and both secured 'Outstandlng' maiks, r8lnforcSno our conslsienl stsndard of excellence. Page 2 Amablle Cholrs Trustees. Report . Sempre invited lo slng at the May￿$ Gala Dinw - an Impot1ant dvlc engagem8nt and publk recognition of the choirf5 profile. . Poco Amabile partldpated Sn Levs Go Slng at the Blackpool Wlntor Gardens - hundreds of chlldren slnglng together, Rachel Litue conducted wilh disttndon and made us EKoud. . Arnabile and Pcto Amablle ￿Ined local dK*lrn for Carl orffs Camiln8 Burnna - a powerful ￿MmUn[ty collaboratlon and amtitious thoral uThJertaklng. . Summer concert in Kirkby Lonthle. a Wel1qe￿ w(NJramm8 lo close the coTrxt season. . Return of Ihe 'Blg Summer Slngl. *￿rks￿￿P - a lively, Inclushp day that eneryised m8mb8rs and attracted new participants. . S8mpre's strawberrles and song afternom In sedl￿￿ - a charnilng communlty event that combined muslc and hospltsllty. • Leadershlp development- we *Ylcomed Hannah Strong as Director of Poco Amablle. brfnglng contlnulty, exi)eriise. and ren￿d confKlence kn our youTrJest singers. Artslc and educatloMI hlghllghts . Piccolo Amabile: 10 (dwn from 14) . a wknlty area ft)r recyuilmenl and retenllon worK butwe kntr•V that membershlp can be fluid here. • Poco Amablle: 24 (same as lasl year)- slable and heallhy under renff•￿ leadershlp. • Amablle.. 21 (up from 20) - steady grtrwth refknlng Str￿ memb8rshlp retention and welcomlng rehearsals. . Sempre: 27 (up fmm 24) . heallhy Incyease. correlated wlth perfoTharKe profile and compthon Interprelalon: overall meMbe￿hIP remains strong ￿ smal gr(rwth In our senioT groups; th8 dSp In Pl¢colo hlghlights the need to fo(JJs ￿ ea1ty-y8a￿ tecrultment and famlty-faciffj aL*￿ty. ObJ8cllves arrfl nexl s*ps for 202&2028 . Bulld reuuitment momentum: tsrgeted outreach to lamllies. schools. and communlty groups, vllh refreshed promotional materials and tsster sessions almed parbculaty at recwllmgnt In the junior choirs and for a toys choir. . Upgrade online membershlp d*abase: Imple￿nI a more user-frlondly. seujre system to simplify ioinerlrenewal fiow5, attendance ￿CkIng. communicatlon. and GDPRvcompll8nt dats handllng. • Consolidate feslfval and compethlon su(xess: plan repertoire. v￿￿$hOp$, and joined rohearsals to 8upith further enlrRs and lo alm for top pladngs In key festtval Plan Amablle's 30th annIVe￿ary. develop a year4ong ¢¢￿b[all0n thal combin8s concerts, celebrntlons and commemordlive proAecls. . Suslaln leadership and volunteer developffont contiwe montortng for muskal leaders. Thank you ￿ every slnger, leader. valunteer. paren( parlner. and supporter who mad8 2024-2025 such a mernorable and successful year. I kx* loThrd￿ to bulldlng on thls mom8ntum togeth8r as we head Into a year ofgrowth and celebrniion. Flnanclal revi Th8 total income for lh8 charity averaged £4,446 per monlh thls year. compared to £3.000 each month last period. Totsl expenditu￿ has Increased this year lo £3.434 each month compared lo £2.879 each month last perirAJ. Thb has in led to a profft of £12.145. The l)ank has £13.483 more than at th? end ol the tasiffinandal year. The trust88$ are aiming lo in(xease the reseNes of the charfty to alkhv for nw)re flexibifrty In thè future when planning trlps and pursuing the aims and ob• of Ihe charty. The irustees and offA>rs during the year arKI since the year end were as lollThY5: Amablle Choi Trustees. Report Trustees: Ms S J Davles. Treasurer MS A Buchanan Ms C Buchanan Ms K Lehm Ms R Uluo Ms C Otsvay Ms K Thomas M8 J G8rdn8r-Jonos (reslgned 21 February 2025) Strucaur•, governance and monag•mont The charlty Is controlled ty its govemlng documenL • dood of trurt and con8tllul88 8 Ilmlted eompeny, Ilmbtsd by guarnnteo, 88 deflned ty the Companles Act 2006. The charlty Is a charftsbl? company Ilmlted by guarnntee and was 8Ot up 23 July 2008. It18 gwemed by a memorandum and of •ssodatlon. The tru8tee8 ffleet at loa8t three IEmes 8 year and more often11 necessary. The truslees are appolnled In accordance wlth the Memrjrnndum and Artlcles. usu811y ty the other trustees Cowoplbng kn fill a vaconcy whlch Is then ralfied by the memborn In genernl me8Ung. Now trust￿ are brteled In thelr posltlon by an oxlstlng trusi•a and re(xlve a pBck from the Charlty Commlsslpn. Rlskm8n8gement The truslees h8ve a dity io Identy and revlthy the rfsks kn whlch tho ch8ty Is exposed and to ensure approprlate controls are In placo to provlde reasonable assurance agalnst fraud and error. The charfty trustees have glven conskloration io the mjor rlsks to vthlch the ch8rlty Is exposed and 88￿Sfi0d themselves that SYSteff￿ or procedures ore estsblished In ¢)rder to manage those rlsks. In partlcular r18k as8es8ments are In place for all trlps and regulallons rnlaiing io worklng mlnors adhered to. The tnJsl8eS are also the directors of Amablle Choir5 for the pufw)￿ of company law) 8r8 responslblo for preparlng the trustees. rep)rt and the financial statements In accordance with appIl￿ble law and Unlied Klngdom Accounting Standards Iunrled Kingdom Generalty Attepted A¢countlng Pr8cllce}, Indudlng FRS 102 Financial Reportino Standard appllc8ble Sn the UK and Republlc of Ireland.. Th8 report and accounts have been prepared In accordance wilh the provlslons In the Companles Act 2006 rdallng to small Ixmnpanles. Page 4 Amabile Cholrs Trustees, Report Company law requlres the Inmtees to prepare Itnanclal statements for each financial year. Under company law the truslees must not 8pprove the financl81 slalements unless they are satisfied that they glve a true and falr vlew of the stste of affairs of the charitable company and of the Incomlng regource8 and appllcatlon of resoLsrces, including 115 income and expendliure. ol the charltable comp8ny for th8t pedod. In preparing these fin8nd8l 8t8tements, tha trustee8 are required lo.. select sultable accountlng pollcles and apply them conslslenlly,. obserye the methods and wlndples In the Ch8rliles SORP: make judgements and esllmates that 8re reasonable and prudent., $lal8 whether appllcable accounllng standards, comprfslng FRS 102 have b8&n followed. subJecl 10 8ny mater181 departures d1￿1098d and gxplalned In the flnanc181 statements: and prepare the fln8nclal statements on the golng concern basls unlgss It Is Inappropriate to prooume that the chadl8ble comp8ny wlll contlnu8 In bu8lne8S. The Iru5tees are raspon81ble for keeplng proper accounilng records that can dlsdosa wlth reasonable accuracy at any tlme the financS81 posSllon ol the charltabl8 company and enable Ih8ffl to ensur8 that the flngnd81 slal8m8nl8 comply wlth th8 Companles Aci 2006. They 8r8 also responslble for safeguerdlng the 88sets of the charltable company and hence for taklng reasonable 818p8 for tho prevenilon and detectlon of fraud and other Irregu18rllle8. Tha Iruslee8 are respon$lblo lor Ihe m81ntenance and Inlegiity ol Ihè corporaio 8nd Iln8nclal Infonnalion Included on thè eh8rlt8ble comp8ny'8 web8119. Leglslallon govomlng Iho preparation and dlssemlnèilon of fin8n¢lal 8talem8n18 may dlfler from leglslailon In olherJurl8dlthons. Small ¢ompanle8 provl8lon 8tat•ment Thls report has been prepaffed In accordance wllh tha 8mall companles reglrno undgr thg Companles Act 2006. The 8nnual raport wa$ 6pprove(I by the Iruslees of the charlty on 16 J8nuary 2026 and slgned on118 behalf by- frAs S J Davle8 Tru51ee Page 5 Arnabile Choirs Independent Ex8mlnerfs Report to the trustees of Amablle Choirs (Ihe CompanY) I report to tha charlty truste￿ on my examinatk)n of the accl￿nts of the Compony for the year ondgd 31 August 2025. ResponslbSlllle5 and basls of re￿rt A8 Ihe tharity's Ifustees of the Company (and algo Ns (fireciors for the pu￿0$e8 of company lawl you are responsible for th• pr•paration of the accounts in &cordance with tho requlrements of the Compan* Act 2006 {Ihe 2006 W. Havlng sausfled mysdflh81 Ihe accounts of the Comp8ny arn r￿1 req￿red to bè audtted uNler Part 16 of the 2006 Acl and are eligible for indyndent examina11￿. I report In respect of my examlnation of your charity's accounts as carried wt under secbon 145 of the Ch8rilies ￿ 2011 {'th9 2011 Act'l. In arrylng my eXaMin￿10n I have foll(MTd the Dlrecd(m won by the Charlty Commlsslon und•r section 14515}Ibl of the 2011 ACL Independenl examlnorfs statom I hava corn￿81ed my examlnallon. I c(thrm Ihot no motters tr*ve ¢¢)me to my att8nilon Sn cOnr￿clI0ft wlth the examlnadon gfvlTrJ me cause lo bell8ve: 1. 8ccounling rec(Kth keN In rwct d Arnabl￿ Cholrs as requlred by 8o¢Uon 386 of the 2006 Act.. or 2. Ihe accounls do not accord IIYJse rncuds: Of 3. occounts do noi tmlh the Ka)untlng rn4ulrements of sectlon 396 01 th9 2006 Act other than any requlrement thai the •ecounl8 glvo a Ènd tslr vw whlch Is not a m8tt•r ¢onddor•d as part of an ind•pondeni examinauon", or 4. Ihe accounts h8ve not been wepared Tn accordance wlth the methods and prfndples of the Slatemenl of Recomrr*nded Practlce for O¢c￿ntIng and reportlno by tharitles lop￿ICable to ch8rltSes wep8fing th85r aco)unls In a¢oxd8nce tpAth the FlnarKl•l ReportlTrJ Standard applic8blg Sn tho UK ond Republic of Ireland (FRS 10211. I h8ve no concems 8nd have come across no ¢)ther matters In connectlon wlth the 8X8mln8tl¢xb to whleh atlenilon should be drawn In this re￿ In order to enèble a proper understandlng of the accounts to be reached. H M Holrnes BSC FCA Chartered Account8nts and Stslutyy Athknr ICAEW Siable¥ Thomps￿ & Brisco• L Chartered Accountants 8 8uslrMs AthA Lovrther House Lowther Street LA9 4DX 16 January 2026 Arna￿le Choirs ststement of Financial Actsvitses for the Year Ended 31 August 2025 (Induding Income and Expenditure Account and Statement of Total Recognlsed Gains and Losses) 1$ 2025 Donallons and legacies Charitsble actlvlties Investhwnl income 42.915 10.358 42.915 10.358 85 Totsl Income Expendlluro on: Ralsing funds Charitsble acllvlues (1.272) 39,941 (1.272) Totsl expendiiuw8 Nei Incom8 12.145 12.145 Nel mOve￿nt In l￿d5 12,145 12,145 Reconcllletlon of fimds Total funds brought fornwrd Total funds ¢arrled fopward 18.349 18.349 16 30.494 Unrestiicted funds Totsl 2024 Donations and legacles Chartlable ac15vitss Investment income 28.213 7.705 85 28.213 7.705 85 Total income 36.(￿3 Exp8nditure on: Ralslng funds Charitsble acllvlues (971> 33.571 {971) Totsl expendtlure Nel in(xxM 34.542 1.461 movement in 1.461 1.461 Recondllatlon of funts Total funds brought foThvanl Totsl fund5 cathed forward 16,888 16,888 All ofthe charitys acllvSts derive from contiNJlng opernlions durlrwJ the above perlods. The notas on pwges 10 ￿ 21 fomi an Integral part of Ih8se financial statements. Page 7 Amabile Choirs Statement of Finandal ALiivllies for the Year Ended 31 August 2025 (Induding Income and Expenditure Account and Ststement of Total Recognlsed Gains and Losses) The lunds bre8kdM) for 20241$ shMI Sn nole 16. Tho notes on pages 1010 21 frxm an in*gral part of11￿ financial ststements. Page 8 Amabile Cholrs (Registration number. 06653625) Balan(x Sheet as at 31 Augusl 2025 2025 2024 Currnnt assets Stocks Deb Cash at bank and In hand 12 13 14 4.423 6.154 4.423 4.830 34.961 20.154 Credltors: Amounts lalllng w5th1n one y assets Funds ol the charlty". Unre8trScled Income fund8 Unr0Strfcted funds T¢)tal fund• 16 For the financlal year endiw 31 ￿U$l 2025 the charlty wa5 enllllgd ￿ uempikn from autht under 8•Ctlon 477 01 Ihe C￿PanieS kt 2006 relallw to Small compani￿. Dlroctorn, mp￿￿1￿111l8s. The memberts hève Mt requlred the charty to obtaln an a￿111 of lty a¢count8 for thè year In quesli¢)n In accordance ￿1h secllon 476: aThd The dlrectors ackno*ledge thelr responslblllllej comFtylng *ith tho r•qulrem¢nts of the Act ￿th respect lo KcouNing records 8nd the preparallon of ac(x)unts. These fln8nd81 sthtsments have been tvepwed In a¢cordance *llh Ihe speclal WO￿510￿ relatlng to companles subjoci lo Ihe small companies rOme wlthln Part 15 of the Companles Acl 2006. Thè finartclal statements on 7 10 20 were aFvoved ty Ihe truslees, and Juihorfsed for lssufy on 16 January 2026 and signed M thelr behalf by: Ms S J Davles Trustee Ms C Buclianan Twslee The no￿3 on pag85 10 kn 20 fonn ￿ integr81 part ofthw finandal sl8tem8nts. Amabile Cholrs Notes to the Financial Statements for the Year Ended 31 August 2025 1 Charlty slalus The charity 1$ limited by guarantee. i￿orpo￿￿ In England and Wales. and o)nsequently does rnt have share capital. Eath Oltr￿ biMees Is liabk to contriLxrte an amount rM)t exceeding £1 ttrwards the assets of Ihe charity in the gvent of liquidatiLvL The address of Its reglstered offi(% Is: Lowther House Lowiher Street KerKlal CurnbTi8 LA9 4DX These ffirhqnclal stat￿18nts ￿re auth￿￿ for issue by ts Inthes on 16 January 2026. 2 Accwnting pollraes Summary (rf significant accounting polkles and key ac lissued in October 20191- {Charities SORP (FRS 1021), Flnanoal Re￿rtIr¥ Stsndard applie8ble in the UK and Republic of Ireland IFRS 102) and ￿ Companies ￿ 2006. Basls of PTeparalion AJnabile Choirs meets Ihe definltk)n of a publlc benefft endty under FRS 102. Ass* and liabililies are inilially recognised at historical cosl ￿ transaclion value unless otherwise stated in the relevant aceounung w￿lcY noles. The accounts are presented in slerfry *Nch Is Ihe fun(Aional cvrreKy of the tharrty and round8d the ne8rest £. Golng concern The trustees cortsidw thal there are rn material U￿ta￿leS ab¢Mrt ts charitys *￿TIty to conunue as a golng concwn nor any significant areas of ￿￿ertainty that affect Ihe carryirwJ value of assets hdd by Ihe charity. The charity opted to early 8dopt Bulletin 1 wbElshed (m 2 Fgtruary 2016 and have theretore not induded a eash flow statement in these firAncial slatenwts. P*Je 10 Amabll8 Cholrs Notes to the Flnancial Ststements for the Year Ended 31 August 2025 Income and endowrnents All Income Is recognlse(1 once the charfty h88 entltlement to Ihe Inwmg, It Is probable that the Inc wlll be recelved and tha amount of the Income recglv8lAè can bo mfrasured rellably. Donallons are r¢cognl8ed when the ch8rfty h88 been r)oUfled In wrftlng of both the amount and settlgmenl dale. In tha event that a donatlon Is sublect to ¢ondltlons that requlre a l?v81 of P8rlormance by the ¢harlty bafore the charlty Is entllled lo the funds. the Income Is deferred and not recognlsed unlll elth8r Ihose condltlons are fully met. or the fijlfllment of those condlUon8 Is wholly wllhln the control of the charfty and It Is probable that these condlllon8 wlll be fulfilled In the reportlng pgrlod. Dlvldends are recogn168d once tho dlvklend h88 been decl8red and noilftcallon ha8 been recelved of the dlvldend due. Expgndlturn All expendlture Is reccgnl8ed once Ihere Is a legal or conslructlv8 obllgallon to th81 expendltttro, It18 probable 80ttlement Is requlred and th8 amount can be measured rèllably. All costs 8re all¢x81gd to the appllcable expendlture he8dlng th818ggregele 8lm118r cosls to th8t Catagory. Whare costs cannot be dlr8cty attrlbuled to partlcul8r hgadlngs thgy havg bean allocated on a basls consSstent h￿th thè U88 of r860urces, wlth central staff costs allocated on the ba818 of ￿me 8ponL and dapreclation charg88 allocaled on the portlon of the 888el'8 U80. Oth8r 8UPPOrt Costs are allocated ba88d on the 8prnad of Staff costs. Ral•lng thnd8 Thesa are costs Incurred In attractlng voluntary Income, the m4nag8ment of Investment8 Jnd Iho Incurred In tradlng advltles thal ralse fvnds. Charltsble exp8ndlture compdses those costs Incurred by the charlty In the dellvery of Ils acllvltles and seNlces for Its beneflclarles.11 Includes both costs Ihat can be allocaled dlreclly lo such ecllvltles and Ihose ¢os18 of an Indlrect nature Mce588ry to 8UPPOrt them. Support C08ts Support costs Include eantrnl funcuons and have been allocated to 8cilvlty cost C8tegorf88 on 8 ba818 cons1st8nl wllh the usa of resources. for oxample, allo¢atlng propèrty C08ts ty Iloor are88, or per caplta, stsff costs ty the Ilmg spent 8nd other costs by thelr usage. Gov8mance U>Bts These Include Ihe costs attrlbutsble io the charlty's compllance wlth consulullonal and statutory requlrements, In¢ludlng audlL str8leglc management and trustees meellngs and relmbursed exp8nse8. Page11 Amablle Choirs Notes io the Flnandal Ststements for the Year Ended 31 August 2025 Taxatlon The charfty Is considered io p8ss the tests Set out In Parngraph 1 Schedule 6 of th8 Flnancè Act 2010 and therelore it meets the dofinitlon of a charltable wmpany for UK corporation tsx purFose5. Accordingly, the charlty Is Wentially exernpt from laxation in re8pect of Income or capital gains recelyed thrfthln categorles covered ty Chapter 3 Part 11 of Ihe Corporailon Tax Act 2010 or S8Ctlon 256 of the Taxa￿On ol Chargeabte Gains Act 1992. to tha oxtent that such Irbcome or galns are applled exduslvety to charitab18 purposes. Depreclallon and amortlsailon Depreclatlon Ss provlded on tsnglble fixed assets so as to wrlb off the cost ¢x Valua￿1)n, less any eslmaled resklual value, over their expected uselul e(xmomlc IFfe as fo11tr￿. A88Ot cla•• FlxDJre8 and fllllng8 25% 8lrnlght Ilne 81od Stock18 valued at tho Imr of cosl and e8tlrnalod 8dlNJ prko less costs to complaie and sell, after dug rgg8rd for obsolete and th mtrANJ 810th. CO￿ h determlned u8lng the Ilrst4n, firsl•OUt (FIFO}. Trnde deb Trade debtors are amounts dug from ￿#t(￿ne[S for merdmndlso Sold or s8￿CeS perfomied In the ordlnary coum of Iwjlneu. Trade debtors are recognlsed In1￿81￿ at the transacllon fv. They are subsequonily mea8ur8d 81 JmorU88d cost uslng the ellecllve Inlerest method. less provlslon for Imp8lm8nt A provlslon for th8 Impalmwbt of trade debtors Is estsb115h8d when there Is obledve 8vldeftce that the charlty wlll not be able to collect all amounts due accofdlng to 0￿91nd tenro of the recolvabl•8. Cash and ea8h Oqulvalenls Cash and cash equlvalents comprl8e cth on h•nd and call deposlts. and oth8r short-term hlghly I￿uld Inve8tmenls that are readily convertlble to J kn(r•m amount of cash and are subloct to on Inslgnlflcant rfsk of change In value. Trade crndltors Trade CredI￿r$ are obllgallons to pay for goods or setvlces that have been acqulred In the ordlnery course of buslness from suppllers. Accounts paya￿8 are dassllled as current Ilablliiles If the charlty does not have an uncondltlonal righL at the end of the reP￿Ing F*rl(Ml, to defer settlement of Ihe creditor for at loast fvffjlve months after the rep)rtlng date. If ther6 is èn uncondlllonal rlght to defer 8ettlement lor at least trHefve months after the reportlng date. thèy are presented as non