REGISTERED CHARtTY NUMBER: 1145351 Report of th• Trust￿ and Finan¢ial 8tst•m•nts for the Y•Jr End•d 31*t D•¢•mb•r 2024 for ASPIE LIMITED Th• Rkhards Sandy P8th8rship Thomelo8 House 25 Barboumts Road Worcost8r Worcgstprshirg WR1 1RU ASPIE LIAIITED Contsnts ofthe Fln•nci•l Statomonts forthe Year Ended 31¥t De¢embor 2024 Pag• R•port ofth• Trust• 1 to 6 Ind•pond•nt Exafflln•Vs R•port statement of Financial AGtivitse• Balan￿ Sh••t Not•• to th¢ Financill St¥tsmÈnt• 10 to 17 Detailed statsment of Financial ktivilios 18 ASPIE LIMThED Roport oftho Trustsos forth• Y•ar End•d 31st DKemb•r 2024 The trustees who a￿ 81$0 dir•¢tors of the chaiity Ihe purposes of the Companies Aca 2006. PTe8enl Ihair raport wilh the finan¢ial $tatgmants of th• charity for the y&8r ended 31st December 2024. The tTuslg9s hav• adopt•d the promsions of Accounting and Reporting by Charities.. Stalemw)t of Recommended Practice applicable to charities prgparing their accounls in accordance vith thg Finan￿￿1 R8PLTrrting Stsndth applicth• in the UK and Reput1￿ of Ir•land IFRS 1021 (effective 1 January 2019}. OBJECTIIES AND ACTMTI&8 Obl•ctlvo$ and alm$ Founded by an Agperger adull. ASPIE WBS registered as a coryany Imheil by guaThitè& tn June 2011 and achleved charity ststus in January 2012. ASPIE operates as a $0ry81. support and th$rapy groLaP prO￿dIng viial servi¢es 8nd is a lrf&line to adults who live wth the ￿Mplexi￿$S of ASper￿￿s. now cat8goriz8d as LoV811 autism. De$pilo no lonyr being a separate diagno$i8, we conbnug to US9 tha t•m As￿￿•￿ os it remains a more apl de5cripts.on of Ihg traits and (*aracterislc* of mafvAty of IndI￿dUal8 we 8upp)rt. Th• purpose of Ihe charity is 10 4s8i81 aduts with A$p•r￿r3 (known 88 aspiesl in the City of Worc88tor aNJ surroundlng areas to lead INes less disabled by the ¢ondthon by prowding On 9nvironmant in whi(th they arg givsn tho OFPOrtunity to.. G8in LX)nfidance and improv8 communication skils. Bull d o nets￿rk of support in thè skills required fu Independent Ilvln9. Access suitable 8ducation and training rx)uw$ Devdop emFlO￿en1 apFAi¢ation $kill$ Thè aims are to reduce isolation seW-harm. BU1￿11e, 8ectioning and hospilallsotion to improve our grovAng memtershlp'8 quality of lrfe and prospects by Inue8$ing their ¢onfiiJ$n¢o and $gW-WQrth through varfod adwiles. workshops rnentoring overseen by a $mall. dèdicatsd tèam. In-house aub.sm spec4fic I￿rIse[ling. pre- and post-diagno*8 and for rangg of IAh9r d6biltlating issu68 h•lp av8rt d8pr8sslc￿ ond CFIsi& Our centre in Worcester is a safe haven where Asperger adults can drop thè mask they wèar in the outside and fmd acceptsnce, friendship and support tr) incra8s& th8ir s81f-thm and motivation to achieve the $ts(xal inelusion. ¢dU¢&tionlenwo￿nent ond independent fiving oppothnittes they long for. We continued lo provide ￿tal but un-commi88ioned ¥erylces In the fomi of constant and stBblg support and therapy hyice Wee￿Y. 52 wgeks of th9 year at our cgrrtr•. Adults thlnk that when they receive 8 diagnosis M wll 18ad to medication ènd access to semces to lead the lives they d)ow but this 18 rarely the casg. Worcgstershire has Bn NHS adult autism assessment and diagnostic 8erwce bul because of Ihe huye bgthlryj (January 2025 wth 1.842 adults on an 1&20 month waitsng list) il is di8gnts$i$ only, no pre- or post-diagnostic support. The cunmissioned 8upport ¥ervl¢o direds wjulb to ASPIE for our aLtrtism sp8ufio cc*Jnselllng. L(￿9 watting list5 exaCe￿at9 mental health and relationship i$$ugs, s1•8ping pattems. disordered eating, Social isolation 8nd AuicidAI idÉAts'on. incrnasing thè burdèn on NHS costs. We work in close c4Tr0peration wlth both the above oryani8aUDns by assistin9 indiwduals to access a diBgnosis and prowding psycholoyical support •rvJ 0th8r s8nrfc88 to th059 in limbo on that waiting list and Ihen post- diagnosis to htrlp 8¢¢opl the dlagnosis and adjust Our fcwg duriro 2024 continuod to bo prBseNng tho lives of Asperger adults, not abl• to maka sense of the Klrld in nomial times, bul sts'll experiencing repercussions fr(xn the pand6mids IoL*dovms and seNie di8ruplions %st)i disproportionatèly impactèd on auustics leadlng to S•V8rn mental health issu83, burgeoning numbors s￿￿ng dlagnoas Ixrt Tethcgd arce¥s Io s•Nteas and h￿1th Inequalit￿ for the mo3t Y￿ner￿?. Imm•dl•t• Support Wè do not have a rafèrral system orwaiting list because whgn somoono 1$ highly distf*ss&d, they need Ltrgent attentio￿. The support we gNe, vknelher at ASPIE in pgrson or onlln• Is immediate. With the number of ￿eaS for help tr( mèmbers and families Increasing, we w?rk8d hardar than ever to ensure Ihoir surviv•1 from wgffsr¢ ￿ts, concems abcrtrt knrfe Ixim• •nt1 wcffi8s about global unresL Aehlgv•m•nt of publlc ￿n•￿t Synce 2011 ASPIE has provided Mtsl Sery1￿ and Ss a Ilfeline to adults vtho li￿ wbth thè ¢ompleth¥$ olAsp8rg8e8. Thgy18om or improve sooal and communication skills. gnablin9 them to movè morn comfortably through 8veryday life. Regular 8ttend8nce pre88rv8s lifè. incrèasès #c￿ptanCe of their c¥)ndition. and improveB conffidenc9 and motivgbon towardB remaSnlng in or wtuming to education, training. employmont and achieving individual end collèctiva goals. Th• b￿n￿lt to the indNiduals themsefves. their families ar￿ 3wety. from inrA¥a$￿ numbèrs In empioy)ment and reduced NHS c>)sts bec8u3e ofthe services wg provSd¢(1, 1$ Imm8a$urablg. Pag• 1 ASPIE LI￿￿ED R?port of thè Tr￿t0•S for thè Year End•d 31st D•c•mb•r 2024 (WECTIVES AND ACTMTIES The trust995 ¢x)nfimi that the Gharity has compliod the duty in sedion 17{51 Of thè 2011 Charillès Act to havg dua rsgBrd to guldanco on public b8n8fitwhon Tgviowng its aims and Obje￿¥9￿ and in pL9nniig futurg acIIths. What is A#￿190￿8 A5p8r9e¢s is a hith an￿ty. lifelony ¢ondition. It 1$ • neurdoglcal dlfferenco. Peo￿8 Asperyof8 proc985 informatson differenlly. think differently and Igam drffgrenlly fr￿￿èntIY 1•8ding lo being misunder8tood, isolated and diB8dv8nt8ged, missing Out in Èducatlon ant18mploymgnt opportuniti8s b8cause they are drfferent. Addition¥1 drfficulties r¢ thè ¢(￿O¢cumn9 conditsons, such as depression, dysprayia, dyslexia. OCD gto. and thè sènsory issues vthich Inp8de their dally ft￿￿Oning and quality of lrfe. Because ABpies are dlfferent (unable lo communicatg ea8ify. sometimos seemSng al￿(ward. difficult and clumsy) th often encounter numèrous problèms and are usually bulli8d througholrt childhood, teen8 and beyond. Many havè n8v8r been abl* lo frt in, _ not alwoy¥ rn01isln9 ￿Y they are different. The resum is they becorne Wthdra1￿ and isolatèd unoble to vAlh overyday living even though they are intelligent and loftg for 8CCÈPtanca. •mploym8nt and independent Imng. Th• N••d . Th• Autlsm Act tho first over disabill￿SPecIfic law Te(x)gnising thé naèds of adults on the aubstic sp¢ctrum and their families. The Implementation of the act hovRver by local authorities and hgaI￿ bodi8s in Pro￿dIng #d￿uate and apwoprSate s•Nic￿ is still slow, wth litffje undèrstsndin9 of thè cOmpl￿lti￿$ of Asp&rg8rfslaut18m, the D>ocvJrring condition8 that accompany tt and the sènttry i$gu¢¥ Ythi¢h m8k• Ill8 •xtr8m8ly d￿ficult for those Véith the o)ndition. Thwg is still 8 dl88ppointfjng lack of understsndlng of the effort and immense coura99 it tak95 adults ￿1th Asp•rg8¢s to cope in vthat is. to them, an alien wcdd, but Ytho can. appr4)riato supwjrt m8ke 8 valuable contribubon to society. Profèssor Simn 8aron-Coh8n Diiactor of Cambridge Univer8iV8 Autism R88e8rch Cenlrg 'Adults %%4lh Asperger Syndrome often suffer secondary depressIc￿ due to social isolation. longlin$ss. social oxduslon. I￿k of commurity serwces. under-achievement and unèmploymènt. Théir d8prassion and risk of 8uicide ere prevgntable ￿1th th? appropriats $upport. This study should be a wBkeup call for tho urgent negd for high quality services lo prgv9nl th8 tragic W8Sta of tr￿n a snglè lrf•.' Vthy C8m.aoukl...ladults-v￿h-8sp0rger-SyTrdromo-at-greater-ri8k￿HSUl¢￿Q ACHIEVEMEiifA14D PERFORMANCE M¢mbershlp F8dng an incT8ased demand ovr seNiceB from mèmb8lS and from Indimduals and famili8s directed to us by the diagnostic service, the NHS Mentsl Hgatth Tgams. Crisis tèams. Hosphals, Talking Therapies, GPS. social workern etG, wg wnlinugd ovr two strgnds of operation - op8ning faG8-￿feCe fv￿Ce ￿￿klY ￿th an average cl 80 membgrs (not 811 th• samo on￿) ag8d 18 to 80 from all over Worcestershire and the W9¥* Midlands attènding. Our second $tr8nd, Online ASPIE had 182 mèmb8rs In touch daily. Coun5811ing and mentoring support continued onlNI for those loo vulnerBble to leave thelr homes, not able to access other services becau59 th9y ar9 thin on th8 ground. Or unablo to got to ASPIE for faCewl￿fa¢e consullations b8cauÈè of w(x1t or siudy ￿MmItrA￿n￿. P8gg2 ASPIE LIMITED R•port oftho TrustWB forth• Y•ar End•d 31st D•c•mb•r 2024 ACHIEVEMENT AND PERFORMANCE How have we supported our membern thls yea By continuing to provido a wdcoming en￿ronment at our contro, ¥ light and airy I￿alding a v8rfaty of r￿mS for various aGtivitie8 induding 3 counselling rtjorns and importantly. a quiot room. The88 actiwtw includè: Wèèkly social. sUp￿rt And thwmpy group 65 m8mb8rs ag&J 18+ from all walk5 d lrfb can meet With Other adults th• condition. share w8rienc8s and find friendship and a￿PtanCe, weekly, 52 wgèk¥ of th• yearfor sociall￿ng, peer support, playing b)ard games, card game8, poker. po(A. compulgrl inlgrnet 8CC889. elc., eating together, all designed to enwurage engagèmÉnt. It is thè rèassuranca that ￿ wll be h•r8, sam time. safflg placg. Same pgoplg and th8 laidb8d( environment which banL8hes debilitsting en￿ety so 8llowrvJ members to bregthg and do things logethgr wtth like-minded oth&rs. improving social and communication sknlls of Asperger adults by increasing their understanding of the neUr0ty￿Cal worfd. What comes naturally lo neuTotypical8 and not 88p￿s, what OK tg say gnd do. r•alizing the consequences oftheir actions. leaming lo allc6ate pnoritiè$ and m8nÈging timè, pèrson81 care end. because of their wlngrability. avoiding exploitat￿n ¥lc.. - 811 do8ign8d to h8lp them cop8 better wlth relalionshlps and èvéryday living. Autism yc4fi0 psychol0￿c8VcCmJnSel1Ing sessions we and post dlagnosls and for a range of background traumas to help avert depression and crisis. Group Art Therapy-for Ihose memb¢rs find it drtfi￿It to d8SCri￿ f88lings and amotions lalèxithynial and stwggle with inlgrprgting tong of voic• and facial tryprosslons. Through art, they can e¥press themselves visualty In B Way which is comfortable and meaningful to them. Drama Group allows the quielesl of mernbeTS to corne oftheir 5het13 gmng them a chance to Us9 tsir irnagination allowng them to open th￿r minds to new ¢h8rnders and adventurés Sport- ourfootball dub ASPIE Avenge￿ to prtjmolg h8althy lif•styl• and inclusion. givlng AsF*rger adutts Ihe opportunty to play wlh oth*rs likè th•m. W• now have teams. They play in the Sandwell Inc4u8ion League and the Three Counties Ability Counts League and have won many accolades. Judct improves cTrrydination and leaches self-defence techniques. Cricket- rnembers ￿mp￿ts￿ in w0￿51915hI[? Cri¢k9t Foundation￿ match at Now Road on 4 Seplgmber, winning all malthas much to the delight of the players orK1 supporters. CAB adwsor with us on Wèdnesdoy aft•moons because we are aware ol the hardship many members oxperience and tho drfficultios in actessing benefits they are eligible for. Advoc8Gy because our members think and communicate rather sliltedly, thgy oftw have diffieLty wh•n deeling vAth outsidè sèrM(*s whose fronlinè st8ff h8va hed no spgcific autism 9wawness Iraning. To h8lp members tOW8rds thè Indap&nd8ncè they long f￿. we. by acting as 8 gTrbehveen or interpreter, pmide one-l(wng autiwn 8p8cific montoring In 8ccessSng a diognosis. training and 8mploymenl opportunAiè8, ircffiing tNJI employment drfficulties, and other protrjems 80 preventing depr¢$$ion and sv•rting ￿313. Emotional support and practi￿1 Solutions 4t th$ and o18'phon8 to As￿rgar adults. distressed ￿r&nts/larn1IY m8mb8rslcar8rs giving mLKh nood8d rdi8f 8nabling thom to carry on coping. (￿1 actiwties and autism $pe¢ifi¢ ¢ounselling help di8trnet fmm cat8strophising and wa kept afloav. Mgrnbers in limbo Cm an 1&20 month ￿81t￿l9 list for an oub'sm diagnosis induding 8 higher Fercentage of y¢)ung 4rKI increasing numbors of adults in th8ir dos. 50, 60s. (the￿ recewed post-diagnosbc support lo help thgrn makg sen$• ofth¢ dAgno$18. d•al with thè sh¢y* and th 8en5g of k>ss of Iivg5 ￿ght havg Lwn.1gam wping m•chanisms to adjust and mov8 on their I￿$. Sbjdents so as to avold the trauma of dropping out of higher education. Young teen#g8rn, home $¢hoolèd Ibèe•use of la¢k of Support In mainstream schools) not able to cope with 0118gg but needing to l•am to rts-engag&. M8mb8rs eyperienclng problem8 in the workplace and bumout becauBe of la(* of understanding of auti$m ty Ilne managers. Pxrtnèts wher8 onè Is on th8 spèctmm aTh1 ono isnl. The one wk* is. unable to show or demonstrate affec*on spontaneously ond the neurotypical one feeling rebuffed and relected. When they have children on spe(Irum and problems in schooling. the burdtn of ojping for Ihe whole famlly (*n become Intol•r8t40 resu￿"ng In famlly brgxkdowi. Othèrs. through tereavement and vknen a relative has taken their ovln life wth the added hèartache of nc* boing able to say goodbye. Dealing wth the grief (rf ts unfFmely dtroths of membèrs. Mgmbers in negd of spgoali89d Irgatsn8nts but refvsod by prowdeTS TrAtho do not undorsiand aull$m. Pagè 3 ASPIE LIMITED Roport oftho Trust for th• Yoar End•d 31st D8c•mb•r 2024 ACHIEVEMEpif AND PERFORMANCE Our Ro8uIts Thg results of ASPIE'S e>istenc• orè heert-warming and aduM8 through0￿ lffg hovo n8¥er bpgn able to Trt in, nlnue. even in these dIffi￿lI t1rn￿ t Report a￿epts￿ of th8mselves and their ¢ondIts￿, redu¢ed m•ltdcMns, roduced d•p0s￿on. anxiety and 3elf-harm. Ha￿ 8 s•nse of belonging, 8om8thing thèy he￿ never exporign￿ before. Takè part In ASPIES varied activitias. fonn friendships #nd meet up togetherin$lde and outside the grwp. Have improved confid8nee and self-estsem resulting in increased molfvallon Into volunteering, apprentlC05hip and employm&nl. irNl8pendent liv¥￿ and ènjoying cultural w￿Ults in the comrNnity tho rest of us takg fc grantgd. L9am str8tagl8s to overL¥xne re6c(Ilng to drugs and andlcf ￿CoMing wctims of Criw￿. In addl￿on to the above". **)proxmately 60 members were hglp8d to r8main or enter Inlo gducatSon. volurrtetring. 8PFfentic88hips and &mployTh8nt, some throvgh the DWWS Pioneor Project A8pie Avengers Blue and Red teams ￿re suc(X&8fv1 in Dlvisions 1 and 2 of Ihg Counties Abillty C￿ntS League celebrated 8t ASPIE wth a presÈntalion of modals and trophi8s for the players. faThili•$ and men*ers. Membèrs enjoyed their third 8nnu81 holiday to Cornwall. oth9r¥ to Majorc8 and Greecg. wntinuing steps tOW8ftls indgPgndanc8 for those who ha￿ not pmiously had friends to holiday andlor not been outside the UK. W8 celobrated our 13th Birthday and then Hall(Nfftn with decora￿on3 ft)r both organised by mernbgrs with spooky de(x)rations for th8 latter plus buffgts. fanw dress and rafflès The Christmas poriod is difficult for many on the spectNm the hyp&. pressure to attend f*nlty galherings ith loud and excitoble relalivgs. food they donl fancy and a dislike of hugging by gr8nnies and aunts. $0 our Christmas party 8rrAng8d by marnbef5 wa3 w911 attènded and a great 3ucre¥s- again buffets. qLkns, pc tournarnents et¢. We o￿ne￿ Christrnas Day land New Yèars Day, both being Wadnesdays) Carnpal9nlng #nd Ralslng Awarone¥$ It is imporlanl lo us to rals8 awareness and undornlandlng of Aspergerfs and the profile cl ASPIE to gnable us to rsac41 out to the many more adLth and parents in nggd of supwL We attended Worcg318r9hwe County Coun￿1.3 Autism Partnerslip rneelirvJs to gi￿ Asperger $pÉclfic input into ImplementstiDn of stalutory guidancè undèr Th8 Autism Act ASPIE was listed a¥ ntributcy to tha Buckland Aubsm Employment Surv8y https.Ifvh￿.gOv.uk1gOv9mrn8nVpUblIc8knor￿8th￿-bU¢k10nd-re¥lew•of-¥ut1SM0rnpb)YMent-repOrt-4n1kamp1oYffl8 nt4eFKrt-and4ècommendations We in￿l￿d and recelved vi3its frvm Public H•allh Worcè9tèr. th8 ICB. The High Sheriff of Worcestershiro. Mrg Louiso Hewett and Thè Mayor of Worcestsr. air Mel Allcott In July, OUT M Therapy Group parucipated in kn9hts. Camera, Paint Art Charity Trail In DeeèmtrAr thay d￿orated and onléred 8n ASPIE tree at Wgrcester Cathedral'5 chr￿tr￿a$ Festlval Surnmary ASPIE. independont and mBlntain8d wthout 5ta1utory funding, has bgwmg o community. Our success is becausè are diffgront in that we were foundgd by th• late Sarah Mi(*l&￿ght. diagnosed vthèn adult vAth A3p¢rgs¢s. vtho r8eognis8d along wlh tho ¢omplexibes of the cowmjitlon. thè need to promote the intsllig&nce. focus and d8cency and the longing for acceplancg, induslon and employfflgnt of adulis on the autistic S￿£truM. the necessity of • pemwnent base be￿￿58 of thèir na•d for conSt￿¢Y #nd routine and In-hou￿ psythc4ogical support 1¢ r￿1r thelr shatter9d lives. Dèspitè her own vulnerdbilily. &rah was fiercely protsctive of members and encouragad Ihem to aspirs to vthatever it is thtry wsh to achieve in IW• and not be ￿hlI￿ted by those vtho do not understand. The sensg of belonging this engenders. which many of them havg n¥v&r trxperienced before. gnabltrs th•m. at their ow) pac8. to get th￿r liv&s ba(* on tr4d(. As an organisation, ASPIE is 'wrtually rf not entirely unique as rnay bg obseNed from Ihe heortl•lt enqulrfos and pkas for aBsist8ncè received not onty from indi￿dUal$ and familie5 in the Midlands but thr￿ghout the Ulc. FINANCIAL REVIEW Flnancial posltlon Unrestricted inixjming rusources for Ihè ￿ar Incrèosed to £53.976 from £50.735. Unrestrictod resources eypgndgil n¢rea$ed, to £78.808 from £48,781. The net unrestrict?d outgLMng r&sources for ygar a￿r transfer3 bthèèn funds amountsd to £24,393 {2023 - not unrestri¢ted incoming résources of £3.662). The totsl unrestrldsd fvnds carriod fOr￿dId at Ihg ye8r Ènd amounted to £11,590. ¢pendrture 88 soon as there is a tggal or consbvthve obligatlon con￿l￿.ng tho tharlty to trat expgnditur•. it is probable that a transfer of e￿noMiC benefits wll ￿ required In setuement and the amttunl of the obligation can bè measured reliably. Expènditure is accounlgd for on an accruals basis and h¥$ bèèn dassffied under hgadings that aggreg8te all cost related lo the ￿tegOry. Where costs cannot be dSr8cUy attributed to pa￿"cular headings they h¥vè b8en allocated lo ?ctivitias c4) a basis consi5t9nt vrith the use of rosources. RAISING FUNDS Fundraising costs are th￿ In￿nE￿ in sÈèknng ￿lUntary contrbulrTh and do not Indudè the costs of dis8eminating Infomialion in support of th& tharitBble athitsgs. CHARITABLE ACTivrriES Charitable advili¢$ c>)sts indude all the ￿sts of runnlng the Chgrity ￿ a day to day basls inejudlng premi$•$ TANGIBLE FIXED ASSErJ Depreaalion 18 pro￿￿ed at the fdlov•ing annval ratos in order to V*rfte off each aBsgt over ils estimated u8eful FNiur8s and frttings Cornpuler equipment 10% on cost 33% on c08t Assets cosliTrJ le&8 than £100 8Te ncrt C8pltali89d. TAXATION Th• charity Is extsmptfr(#n ￿rpcwalion tsx on its (*antoblo acUvlUg8. FUND ACCOu1￿ING Unrgstrictad funds can b& usgd In accordance wlh thè charftatlo Otlectiv￿ at th• discrelion of the trust•es. Reslricled fund8 Can cffily be u8¢d for p8￿Cular restricted purposès within the objgcts of the charity. Re8lri¢llons arise whèn sp8cffied by the donor or vthen ftmds Hre r8i80d for p8rticuler re8tsi(1gd wrposes. Further eypl8natkJn of the naknre ond purpose of ea(* fund 1$ included In the notes to th? finandal statemènts. Page 10 ntinuèd... ASPIE LIM￿ED Not¢¥ to the Flnanclal Stat•m•nts . contlnu•d for thè Y•ar Endod 31sl D•eembor 2024 ACCOUMTIMG POLICIES- eontlnued DONATED SERvfcES Donated facilities and s•rvlces *then received, PTovid8d the valutt of glft Can be measurgd reliably, on th¢ basis of the valu& that the charity would pay in th8 open markèt for an altemative iltrm that would provsdg a b8nefil to the ¢h8rity equivalent to the donated SÈNI￿. Where thg v8lu8 of the glft ¢8nnol ba m•asured rg1i8bly, no provTsion is included %￿h1n the aowunts, FINANCIAL INSTRUMENTS Tho charity has èlected to opply the Fffovision5 of Sèction 11. Basic Finandol Instmments. and Section 12 '01her FinancAal In$trum•nts Issues, of FRS 102 to all of Ils financial instrumants. Finanrial instntm8nts arg rgcognis•d vthen the tharity bo¢￿￿¢S pety to contraclu81 kvwhions ofthe instrum8nL FSnandal assets arÈ offs8t. with the net amounts presented in the a¢¢ounts vthere there is alooally 8nfoTce8blo right to set off thg reecgnlsed arnounls arKI thgrg Is an Intention to setu8 4)n a nel ba8is or to rndise the assèt and setug thg liokxlity s1mukane0u￿y. Ba8lc Flnanc141 Assèts Basic financial assèts, which include tradè ènd other receivables and cash and bank balan￿8. are Initially rnea5ured at tr¥nsactSon price including transaction c051s arKI subsequenuy c8rri8d at amortised coyt uslng the gffectivg inter￿1 method unlèss thè arrangement consts"tutes 8 financing trark80ct￿n. where the transaetlon Is m&aswed atthe present valu• of th8 future receipts di¥¢ount8d at a rnarket rato of int•r8st. Ba•ie Flnanclal Li•biliti•a Basic Financial li8bllities, 5nduding tr4do and other payatles, initially rncognised 8t transaction pric• unless the arrang•m8nt Constitutes 8 ffinancing transaction. wthere the debt instrument is meBsured al the pr8sant Volue of ILsiure recéipts, disctyjnted at a market ralg of interesL D?bt in$trum8nts are subsèquently carvied •t omorbsed co81. using tho effective intérést rat8 method. Tradg payables are cknlig4ti¢ms to pay for goods or 8•Nic•s that have ￿On acquired in the ordinary course of the operation3 from suppliers. Accounts pay8bl8 are closslfied as ￿rrant liabilities if paymgnt i¥ du• within oné year or less. 11 noL th8y are presented fion