ZINTHIYA GANESHPANCHAN TRUST
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
Zinthlya
aneshpanchan
Trust

Charity Number: 1137350
ZINTHIYA GANESHPANCHAN TRUST CONTENTS
Reference and administrative details of the Charity
Pg03
Trustees, report
Pg04
Independent examiner's report
Pg11
Statement of financial activities
Pg13
Balan￿ sheet
Pg14
Notes to the financial statements
Pg15

ZINTHIYA GANESHPANCHAN TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS
TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31ST MARCH 2025
Trustees
Ms Lorraine Mirham
Mr Phill Nassau
Ms Sally Smith
Mr Declan Kiely
Mr John Cooper
Charity registered
Number
1137350
Principle office
12 Bishop Street
Leicester
LE16AF
Chief executive
Zinthiya Ganeshpanchan
Independent examiner Bhavesh Shah FCCA
BGS Accounting Ltd
75 Exploration Drive
Leicester
LE4 5NU

ZINTHIYA GANESHPANCHAN TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31st MARCH 2025
Reflection from the Chair of the Board of Trustees
During the year under review, our Charity continued to support disadvantaged women
and families facing poverty, violence and exclusion. Through practical support,
advocacy, and offering skills acquisition opportunities we helped individuals rebuild
their lives and regain control of their future.
We also focused on building our internal capacity, measuring our impact, and
strengthening our partnerships to be able to respond to the increased demand on the
services, in addition to growth and organisation sustainability.
Additionally, we invested in diversifying our income generation streams so that we will
be in a stronger position to: bid for commissioned services, generate revenue through
hiring our meeting spaces, and securing new corporate partnerships.
We could not have done this without the generous support of our funders, individual
supporters and local businesses to whom we are extremely grateful to. We also want
to thank our volunteers and staff for their dedication during the year.
On behalf of the Board of Trustees, I would like to take this opportunity to thank
everyone, who has worked with us in the past year.
Lorraine Mirham
Chair of Trustees

ZINTHIYA GANESHPANCHAN TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31st MARCH 2025
The Trustees present their annual report together with the financial statements of
Zinthiya Ganeshpanchan Trust (the Charity) for the year ending 31 St March 2025. The
Trustees confirm that the annual report and financial statements of the Charity comply
with the current statutory requirements, the requirements of the Charity's governing
document, and the provision of the Statements of Recommended practi￿ (SORP),
applicable in the UK and Republic of Ireland -FRS102
Summary
It is our pleasure to report on a successful but challenging year for the Trust. To
respond to these challenges, during the year we continued to build the capacity of our
staff and volunteers giving them the opportunity to develop skills in a range of areas
so that they are equipped to respond to the challenges facing our sector.
The Trustees felt that it was paramount to strengthen the organisation to be able to
respond to the challenges facing the sector as well as to continue our support to the
community. Therefore we invested in co-creating our three-year strategy that will be
in pla￿ from 2026.
As a part of this the Charity also invested resources to increase awareness of the work
we do across the County (Leicestershire), and created a dedicated outreach worker
role. In addition, we commenced working on our datalAI strategy with pro-bono help
received from an expert in the area. We hope that these activities will help further
strengthen the organisation in the years to come.
Our fundraising and partnership team worked to build new partnerships with other
voluntary, statutory organisations including the business community. These
relationships have been extremely valuable to our continued growth as well as our
fundraising efforts.
We aim to continue with these activities in the coming year.
Our Vision
The vision of our Charity is to create a society where people can be free from abuse
and poverty and its mission is to:
To support people to live without the fear of violence and abuse.
To provide practical support to reduce poverty & isolation among vulnerable
people.
To help people transform their lives through education, skills development and
employment.
To support people to achieve their aspirations and lead fulfilling lives.

We worked to achieve our objectives by providing a holistic service including:
One to one support to women fleeing all forms of abuse;
Breaking the cycle of poverty by supporting people to manage their finances
through improving their budgeting skills, maximising their income, dealing with
debt and preventing them falling into debt"
Preventing illness associated with cold homes by providing energy advice and
practical support to improve homes enabling people to keep their homes warm
to reduce and prevent cold related illnesses.
Improve employability: Upskill people by providing training, work placements
& volunteering opportunities that will lead to sustainable employment.
Increase wellbeing, attendance, and redu￿ bullying at school by providing
school uniformslshoes for children from families facing financial crisis.
Our primary beneficiaries were those suffering from multiple & complex needs and
those who have never or struggle to access mainstream support services. These
include, but are not limited to, women fleeing violence, people who are homeless or
vulnerably housed, ex-offenders, care leavers, individuals suffering from food and fuel
poverty, individuals with a physical or mental disability, asylum seekers or those with
no recourse to public funding, those that are isolated, and the long term unemployed.
Our values
HertLT G•* TIE 21￿T￿lY￿r T￿usT
Jjc

Our impact
Over the year we supported 3,258 direct beneficiaries through the various project we
undertook out of which 2,378 were female, 877 Male and 3 self-identifying as non-
binary.
The following is a case study of a beneficiary who re￿iVed wrap round support from
the Trust during the year.
CASE STUDY- JOSEPHINE
Josephine was an inbound referral to our DV team at Zinthiya Trust.
She had been in the UK for only 3 years when she fled domestic abuse. During
those 3 years she was subjected to psychological, financial, physical and sexual
abuse. She received intensive support from our DV team and
was subsequently housed in our refuge to be free from abuse and violence.
Josephine has since been offered a 1 bed property and was referred over to a
Money and Debt advisor for help with ac￿Ssing support to live independently
and to confidently be able to manage her household bills.
The advice worker helped Josephine set up an energy account as well as providing
training on how to read meters and submit monthly readings, while also providing her
advice on energy saving measures. In addition, she was assisted to set up her water
account and applied for the Big Differen￿ scheme. We assisted her with Universal
Credit and Housing Benefit applications, as well as registering for Council Tax.
Josephine was also provided with energy efficient items and assistance to apply for
household essentials, so the property was habitable.
Josephine is now looking forward to her future and once settled wishes to find a job
and get involved in her surrounding community. We have encouraged her to
undertake some volunteering work to gain experience as well as attend our weekly
women's groups so that she can build her confidence and increase her support
networks.
Outcomes
1. Energy accounts set up and client informed how to read meters
2. Energy efficiency advice and items - £50
3. Water account set up and Big Difference applied - £270
4. Universal Credit updated and Housing Benefit applied - £5,055.96 annually
5. Council Tax support registered for and qualifying benefits applied
for - £660.43 annually
6. Washing machine applied for through BGET extra assistance - £300
7. Double bed and fridge freezer awarded through Charity Link - £500
8. Cooker awarded through BGET. white goods project - £335
9. Household items grant awarded through Smallwood - £400

Investment policy and performance
The Charity's policy is to only hold cash on deposit with major clearing banks.
Financial review and reserves policy
Income for the 12 months to 31 March 2025 was £864,342, a 15.42'/0 increase over
the previous year (2024: £748,855). Most of this was grant income of £522,773 (2024:
£489,941), which funded specific activities. The bulk of the remaining income was from
the operation of the Chapel Café, other trading activities, and public donations.
The Charity managed to register a surplus of £24,877 to 31 March 2025 (2024:
£23,157). The total level of activity of the Charity increased significantly, especially for
the emergency food provision, school uniforms project, sanitary pad project, and
provision of emergency accommodation for women whose lives were at risk due to
facing violence but with no recourse to public funding. As of 31 March 2025, closing
reserves were in surplus by £399,087 {2024: £374,209).
Charity reserves policy
The Charity trustees have set their resenie policy for three months of operating costs.
Trustees feel they need to set this reserve target, representing the funds that should
be set to one side in case of unforeseen costs or interruptions to funding. This would
improve financial resilience to provide greater security for beneficiaries. With this in
mind, the Charity is actively seeking to source unrestricted funding and has invested
its time and money to build strong relationships with the local business community.
Going Concern
The Trustees have assessed the Charity's ability to continue as a going concern,
seeking assurance of the validity of this assumption when preparing the accounts. In
making this assessment, the Trustees have taken into account all available
information about the future for at least, but not limited to, 12 months from the date the
accounts are approved. At the time of approval of these accounts, the financial state
of the Charity was deemed a going concern due to the multi-year funding secured
since the balance sheet date, as well as the strategy in place to attract unrestricted
funding by working with individuals and businesses.
Board of Trustees
The Trust is governed by a Board of Trustees who formally meets quarterly. The
Trustees during the year were as follows".
Trustees
Ms Lorraine Mirham
Mr Phill Nassau
Ms Sally Smith
Mr Declan Kiely
Mr John Cooper

Structure. governance, management and recruitment to the board of trustees
The Charity is an unincorporated charity registered under a declaration of trust dated
8th September 2009. The trust is registered with the Charity Commission under the
charity number 1137350.
The Board of Trustees is responsible for the governance of the trust and for ensuring
the Charity pursues the objectives for which it was founded. Trustees are appointed
under the terms of the Charity's Declaration of Trust. At present, there are no specific
policies regarding minimum or maximum length of tenure for Trustees.
The Trustees delegate the day-to-day management of activities, staff, and volunteers
to the Chief Executive, Zinthiya Ganeshpanchan. Mrs. Ganeshpanchan reports to the
Trustee board quarterly via attendan￿ at board meetings and regular e-mails.
Volunteers
Over 15 volunteers supported our work in the year: in the food project, Chapel Café,
and office. The volunteers ranged from 16 years to 65 years and came from all walks
of life. We train, support, and celebrate the amazing work our volunteers do, knowing
that their contribution is essential to fulfilling our mission. Their willingness to devote
their time and expertise for free is incredible; we could have not achieved what we
have done over the year without our volunteers.
Public Benefit
The Trustees are aware of the Charity Commission's general guidance on public
benefit and have considered it when reviewing their aims and objectives and planning
fvture activities. In line with the charity accounts disclosure requirements the Trustees
confirm that they have paid due regard to guidance issued by the Charity Commission
in deciding what activities the charity should undertake.
Risk Management
The Trustees are responsible for the management of the risks faced by the Trust, as
they provide controls that provide reasonable although not absolute assurance against
material misstatement, loss or exposure to risk. Risk reviews are undertaken regularly
to ensure internal risks are minimised through the implementation of policy and
procedure and external risks are accounted for in the setting of strategy.
Funds held as custodian
No such funds are held

Trustees, responsibility statement
The Trustees are responsible for preparing the Trustees, report and the financial
statements in accordance with applicable law and United Kingdom Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare
financial statements for each financial year which give a true and fair view of the state
of affairs of the charity and of the incoming resources and application of resources of
the charity for that period. In preparing these financial statements, the Trustees are
required to:
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP;
Make adjustments and accounting estimates that are reasonable and prudent
Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient
to show and explain the Charity's transactions and disclose with reasonable accuracy
at time the financial position of the Charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charity (Accounts and reports)
Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hen￿ for taking responsible steps for the
prevention and detection of fraud and other irregularities.
he report was approved by the Trustees on and signed on their behalf by:
Lorraine Mirham
Chair of Trustees
10

ZINTHIYA GANESHPANCHAN TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDING 31 MARCH 2025
Independent examiner's report to the trustees of Zinthiya Ganeshpanchan
Trust
I report to the Trustees on my examination of the financial statements of the Zinthiya
Ganeshpanchan Trust for the year ended 31 March 2025, which are set out on pages
13-20.
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation of the accounts. The
charity's trustees consider that an audit is not required for this year under section 144
of the Charities Act 2011 (the Charities Act) and that an independent examination is
needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5}(b) of the Charities Act, and
to state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with general Directions given by the
Charity Commission. An examination includes a review of the accounting records kept
by the charity and a comparison of the accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the accounts and
seeking explanations from the trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a 'true and fair,
view and the report is limited to those matters set out in the statement below.
Independent examiners qualified statement
I have competed my examination. I confirm that no material matters, ex￿pt those
referred to in the previous paragraph, 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 required by
section 130 of the Act: or
the financial statements do not accord with those records or-
the financial statements do not comply with the applicable requirements
concerning the form and context off accounts set out in the Charities
(Accounts and reports} Regulation 2008 other than any requirement that the
accounts give a "true and fair view which is not a matter considered as a
part of an independent examination.
11

I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report to enable a proper
understanding of the financial statements to be reached.
2811112025
Signed
Date:
Bhavesh Shah FCCA
BGS Accounting Ltd
75 Exploration Drive
Lei￿ster
LE4 5NU
12

inthi
a Ganesh
anchan Trust
Statement of financial activities
For the
ear ended 31 Marc
2025
Unrestricted Restricted
funds
funds
2025
2025
Total
Funds
2025
Total
funds
2024
Note
COME
Donations and grants
Charitable
activities
35,003
194,911
514,272
120,156
549,275
315.067
518,047
230,808
229.914
634,428
864.342
748,855
EXPEiwrruRE
Charitable
activities
206.476
632.989
839,465
725,698
TOTAL EXPEIYDITURE
206,476
632,989
839,465
725.698
NET INCOMEI(EXPEIYDITURE)
23,438
1,439
24,877
23.157
Transfer between funds
NET MOVEMENT IN FUNDS
23,438
1,439
24,877
23,157
RECONCILIATION OF FufqDS
122,504
251,705
374,209
351.052
TOTAL FUNDS CARRIED FORWARD
145,942
253,144
399,086
374,209
The notes on pages 15 to 20 fonn part of these financial statements.
13

Zinthi
a Ganesh
Balallee Sheet
As at 31 March 2025
anchan Trust
Total
2025
Total
2024
Note
FIXED ASSETS
Tangible assets
21.051
24,259
CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and in hand
3,000
77,018
i 0,000
358.537
448,555
2,500
98.047
268,072
368,619
Creditors: amounts falling due within one year
70.520
18,668
NET CURRENT ASSETSI(LIABILrrtES)
378,035
349,951
TOTAL ASSETS LESS CURRENT LIABILITIES
399,086
374,209
Creditors: amounts falling due after more than one year
TOTAL NET ASSETSI(LIABILITIES)
399,086
374,209
CHARITY FUNDS
Restricted funds
Unrestricted funds
253,144
145,942
251,705
122,504
TOTAL CHARrfY FUNDS
399,086
374,209
The financial statements were approved by the Trustees on 27th October 2025 and signed on
their behalf by: Lorraine Mirham
The notes on pages 15 to 20 forn] part of these financial statements.
14

ZinthiTr a Ganesh
anchan Trust
Notes to tbe statement of financial activities
For the Year ended 31 March 2025
Income from donations and grants
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Donations
Grants
26,503
8,500
35,003
26,503
522,772
549,275
28,106
489,941
518,047
514,272
514,272
2 Income from charitable activities
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Cafe income
Other income
46,061
148,850
194,911
46,061
269,006
315,067
40,311
190,498
230,808
120,156
120,156
3 Expenditure
Unrestricted Restricted
funds
funds
2025
2025
Total
fuDds
2025
Total
funds
2024
Direct delivery cost (CRFIUKSPF)
Chapel Cafe direct expenses
Wages, salaries and social security costs
Pension contribution
Stsff training, welfare and HR costs
Travel and subsistence
Premises costs
Emergency accommodation
Printing, postage, stationery and telephone
Bank charges
Insurance
Repairs and maintenance
Advertising and PR
Sundry expenses
Legal & professional fees
Depreciation
Accountancy fees
IT costs
Project tnonitoring and evaluation
Fundraising cost
Food bank cost
Hardship fund
45,000
23,757
85,146
6,405
1,262
766
4,333
71,787
116,787
23,757
401,462
6,405
12,616
8,462
43,332
116,172
18,885
667
3,326
8,145
23,172
444
14,429
6,520
900
3,625
800
19,849
457
9,249
839,465
38,673
24,183
327,937
5,934
15,794
10,400
38,495
117,224
18,897
285
4,073
6,245
30,062
938
6,723
6,893
900
2,652
2.783
20,506
4,836
28,893
725,698
316,316
11,355
7,696
38,998
116,172
16,997
1,889
667
665
814
1,159
444
721
6.520
900
544
800
19,849
2,661
7,330
22,014
13,708
3,082
457
4,416
632,989
4,833
206,476
15

Zinthiva Ganesh
ancban Trust
Notes to the Balance Sheet
For the vear ended 31 March 202)
4 Tangible fixed assets
oirice E
Total
Cost
At l April 24
Additions
3,184
290
3,474
58,265
3,024
61,289
61,449
3,314
64,763
Depreciation
At l April 24
Charge for the year (250/0 RBM)
1,787
392
35,404
6,129
41,533
37,191
6,520
43,711
2,179
Net Book Value
At31 Mar25
1,295
19,756
21,051
At31 Mar24
1,397
22,861
24,259
5 Stocks
2025
2024
Café stock
3,000
2,500
6 Debtors
2025
2024
Trade debtors
Other debtors
Prepayments & Accrued income
5,596
587
70,835
77,018
38,634
2,590
56,823
98,047
7 Creditors: amounts falling due Ivithin ODe
year
2025
2024
Trade creditors
Other creditors
Other taxation and social security
Accruals and deferred income
6,632
191
7,738
55,960
70,520
5.541
210
1,237
11,680
18,668
16

8 Statement of funds
Balance at
ncome
Expenditure
Balance at
l April
2024
31 March
2025
General fund
Chapel Cafe
SSE
National Grid
Community Renewal Fund (CRF)
National Lottery
British Gas Energy Trust
Henry Smith
Smallwood Trust
103,597
18,908
20,000
183.852
46,061
6,695
5,000
(182,719)
(23,757)
(26,695)
(5,000)
(10,352)
(66,890)
(216,051)
(24,250)
(81,651)
(23,796)
(105,530)
(8,000)
(2,910)
(10,446)
(34,060)
(17,358)
104,730
41,212
10,352
128,113
7,879
24,250
24,997
20,267
5,400
123,618
208,172
184,841
83,370
10,000
120,156
8,000
4.000
26,716
6,471
20.026
Police & Crime Commissioner
UKSPF
Auriga
Circle Fund
Nationwide
Keystone Fund
Charity Link
1,090
10,446
42,274
23,144
8,214
5,786
374,209
864,342
(839,465)
399,086
9. Related party relationships and transactions
During the year, we continued to work with Pink Pebbles Homes Ltd to provide
specialist emergency refuge management ServI￿S for women and girls fleeing
abuse with no recourse to public funding. This arrangement, initiated during the
Covid-19 pandemic, offered an all-inclusive Multiple Occupancy Housing solution
at short notice and without requiring upfront financial investment from the Trust.
The total cost of services provided by Pink Pebbles Homes Ltd amounted to
£129,035. This partnership has enabled the Trust to continue to be a supplier to
Leicester City Council for housing provisions, resulting in £112,507 recovered
during the year. Additional income to support emergency accommodation included
£2,383 received directly from tenants towards running costs £9,864 from the
BigGive Women and Girls campaign £5,899 raised through dedicated fundraising
event to provide support to women with no recourse to public funding. These
combined efforts significantly strengthened the Charity's capacity to support
vulnerable women and children with no recourse to public funding in crisis
preventing destitution.
17

1.Accounting Policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared to give a 'true and fair, view and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to the
extent required to provide a 'true and fair, view. This departure has involved following
the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting
and Reporting by Charities: Statement of Recommended Practice effective from 1
April 2005, which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with
items recognised at cost or transaction value unless othemise stated in the relevant
notes to these accounts. The financial statements have been prepared in accordance
with the Statement of Recommended Practi￿. Accounting and Reporting by Charities,
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and
Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102) and the Charities Act 2011.
Zinthiya Ganeshpanchan Trust constitutes a public benefit entity as defined by FRS
102.
1.2 Fund accounting
General funds are unrestricted fvnds which are available for use at the discretion of
the Trustees in furtherance of the general objectives of the Charity and which have
not been designated for other purposes.
Restricted funds are funds that are to be used in accordance with specific restrictions
imposed by donors or that have been raised by the charity for particular purposes. The
costs of raising and administering such funds are charged against the specific fvnd.
The aim and use of each restricted fund are set out in the notes to the financial
statements.
1.3 Income
All income is recognised once the Charity has entitlement to the income, the income
will probably be received, and the amount of income receivable can be measured
reliably.
Donated services or facilities are recognised when the charity has control over the
item, any conditions associated with the donated item have been met, the receipt of
economic benefit from the use of the charity of the item is probable, and that economic
benefit can be measured reliably. In accordance with the Charities SORP (FRS 102),
the general volunteer time of the friends of the trust is not recognised and is referred
to the Trustees, report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised based
on the value of the gift to the charity, which is the amount the Charity would have been
18

willing to pay to obtain services or facilities of equivalent economic benefit on the open
market; a corresponding amount is then recognised in expenditure in the period of
re￿ipt.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer
economic benefit to a third party. A transfer of economic benefit will probably be
required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total
of direct costs and shared costs, including support costs involved in undertaking each
activity. Direct costs attributed to a single activity are allocated directly to that activity.
Shared costs, which contribute to more than one activity and support costs which are
not attributed to a single activity, are apportioned belMeen those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of
time spent, and depreciation charges are allocated on the proportion of the asset used.
Support costs are those costs incurred directly in support of expenditure on the objects
of the Charity and include project management carried out at headquarters.
Charitable activities and Governance costs are costs incurred on the Charity's
educational operations, including support costs and costs relating to the governance
of the charity. apportioned to charitsble activities.
1.5 Tangible fixed assets and depreciation
A review for impairment of a fixed asset is carried out if events or changes in
circumstances indicate that the carrying value of any fixed asset may not be
recoverable.
Shortfalls between the carrying value of fixed assets and their
recoverable amounts are recognised as impairments.
Impairment losses are
recognised in the statement of financial activities.
Tangible fixed assets are carried at cost, net of depreciation, and any provision for
impairment. Depreciation is provided at rates calculated to write off the cost of fixed
assets, less their estimated residual value, over their expected useful lives on the
following bases:
Furniture and fittings
Office equipment
1.6 Interest receivable
Interest on fvnds held on deposit is included when receivable and the amount can be
measured reliably by the Charity: this is normally upon notification of the interest paid
or payable by the Bank.
2 Stocks
19

Stocks are valued at the lower cost and net realisable value after making due
allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an
appropriate proportion of fixed and variable overheads.
2.1 Debtors
Trade and other debtors are recognised at the settlement amount after any trade
discount offered. Prepayments are valued at the amount prepaid net of any trade
discounts due.
2.2 Cash at bank and in hand
Cash at bank and in hand included cash and short-tem highly liquid investments with
a short maturity of three months or less from the date of acquisition or opening of the
deposit or similar account.
2.3 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a
result of a past event, a transfer of economic benefit will probably be required in
settlement, and the amount of the settlement can be estimated reliably. Liabilities are
recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must
provide. Provisions are measured at the best estimate of the amounts required to
settle the obligation. Where the effect of the time value of money is material, the
provision is based on the present value of those amounts, discounted at the pre-tax
discount rate that reflects the risk specific to the liability. The unwinding of the discount
is recognised within interest payable and similar charges,
3 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 measured at their settlement value, except for
bank loans, which are subsequently measured at amortised cost using the effective
interest method.
20