REGISTERED CHARITY NUMBER: 1151030
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
FOR
BOURNE OUTDOOR SWIMMING POOL
BOURNE OUTDOOR SWIMMING POOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
BOURNE OUTDOOR SWIMMING POOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
The trustees present their report with the financial statements of the Charitable Incorporated Organisation for the year ended 31 October 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives
The objectives of the CIO are to provide swimming and associated facilities for the benefit of the inhabitants of Bourne and the surrounding area.
Public benefit reporting
When reviewing the CIO's objectives and activities, and in planning future activities, the trustees have considered the Charity Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The CIO continued to provide swimming facilities throughout the 2024 season. In addition to the main 50 yard heated pool, the CIO provides a toddlers pool, fountain pool, extended lawns with seating and picnic tables and a toddlers play area.
FINANCIAL REVIEW
The detailed statement of financial activities showed that during the period of the financial statements, the CIO had a surplus of income over expenditure of £15,222 (2023: deficit of £6,233).
Income from pool activities in 2024 increased. This was because in the previous year the UK had recorded one of the wettest summers on record. Total income was £116,912 (2023: £84,298). Most notably general admissions totalled £74,643 (2023: £59,826) being a 25% increase on the previous year. This increase reflects the warmer drier weather.
During the year donations of £5,764 (2023: £4,417) were received. All donations received were unrestricted being available for use in accordance with the charity's objectives at the discretion of the trustees.
The grant of £15,000 from the Len Pick Trust was designated for the renovation of the building and the canopy.
The cost of resources expended totalled £101,690 (2023 : £90,531). The main items of expenditure were light and heat £19,089 (2023 : £18,530), wages £23,570 (2023 : £24,982) and repairs and maintenance which totalled £14,449 (2023 : 11,929) with the most significant items being £8,492 for works to the pool.
RESERVES POLICY
The trustees are aware that they need to maintain unrestricted free reserves at a level to provide sufficient funds to cover operating expenditure. The trustees consider that the CIO should maintain between three and six months of unrestricted free reserves. The current unrestricted free reserves of £185,061 (2023 : £182,439) are more than sufficient to comply with this policy.
FUTURE PLANS
The pool will reopen for the 2025 season shortly. The trustees thank all volunteers who have helped to get the pool ready for reopening. The trustees hope for another hot summer to ensure high pool usage to generate high levels of income.
Whilst at present there are sufficient funds to secure the medium term future of the pool, unless attendances are maintained in the coming seasons at a satisfactory level, the longer term future of the pool will need to be carefully considered.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by a constitution document dated 26 July 2018.
Recruitment and appointment of new trustees
The trustees may appoint a person who is willing to serve as a trustee on such terms as they may agree from time to time.
Page 1
BOURNE OUTDOOR SWIMMING POOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The trustees shown below have held office during the whole of the period from 1 November 2023 to the date of this report:
Mrs M J Delaine-Smith P Revill C J Atkin Mrs B H Smith
The trustees meet regularly to make decisions relating to the CIO. All trustees give their time freely and no remuneration or expenses were paid.
Induction and training of new trustees
The training and induction provided for new trustees will depend on their existing experience. Where necessary, induction will be on an informal basis. It will be tailored specially to the individual and will provide training on charity, legal and financial matters.
Risk management
The trustees have a duty to identify and review the risks to which the CIO is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees continue to monitor and review risks and instigate controls they deem necessary to reduce these risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1151030
Principal address
Abbey Lawn Coggles Causeway Bourne Lincolnshire PE10 9LN
Trustees
Mrs M J Delaine-Smith P Revill C J Atkin Mrs B H Smith
Independent Examiner
Mark Hindmarch BSc ACA Duncan & Toplis Limited 14 All Saints Street Stamford Lincolnshire PE9 2PA
Bankers
Lloyds Bank PLC 65 High Street Stamford Lincolnshire PE9 2AT
Approved by order of the board of trustees on 10 March 2025 and signed on its behalf by:
Mrs M J Delaine-Smith - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNE OUTDOOR SWIMMING POOL
Independent examiner's report to the trustees of Bourne Outdoor Swimming Pool
I report to the charity trustees on my examination of the accounts of Bourne Outdoor Swimming Pool (the Trust) for the year ended 31 October 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 in order to enable a proper understanding of the accounts to be reached.
Mark Hindmarch BSc ACA
Duncan & Toplis Limited 14 All Saints Street Stamford Lincolnshire PE9 2PA
10 March 2025
Page 3
BOURNE OUTDOOR SWIMMING POOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 8,199 Other trading activities 4 91,876 Investment income 5 1,837 Total 101,912 EXPENDITURE ON Raising funds 6 99,290 NET INCOME/(EXPENDITURE) 2,622 RECONCILIATION OF FUNDS Total funds brought forward 182,439 TOTAL FUNDS CARRIED FORWARD 185,061 |
Restricted funds £ 15,000 - - 15,000 2,400 12,600 16,050 28,650 |
2024 Total funds £ 23,199 91,876 1,837 116,912 101,690 15,222 198,489 213,711 |
2023 Total funds £ 6,712 76,546 1,040 |
|---|---|---|---|
| 84,298 | |||
| 90,531 | |||
| (6,233) 204,722 |
|||
| 198,489 |
The notes form part of these financial statements
Page 4
BOURNE OUTDOOR SWIMMING POOL
STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 12 95,585 CURRENT ASSETS Stocks 13 620 Debtors 14 - Cash at bank 90,956 91,576 CREDITORS Amounts falling due within one year 15 (2,100) NET CURRENT ASSETS 89,476 TOTAL ASSETS LESS CURRENT LIABILITIES 185,061 NET ASSETS 185,061 FUNDS 16 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 28,650 - - - - - - 28,650 28,650 |
2024 Total funds £ 124,235 620 - 90,956 91,576 (2,100) 89,476 213,711 213,711 185,061 28,650 213,711 |
2023 Total funds £ 99,364 620 1,166 97,402 |
|---|---|---|---|
| 99,188 (63) |
|||
| 99,125 | |||
| 198,489 | |||
| 198,489 | |||
| 182,439 16,050 |
|||
| 198,489 |
The financial statements were approved by the Board of Trustees and authorised for issue on 10 March 2025 and were signed on its behalf by:
M J Delaine-Smith - Trustee
The notes form part of these financial statements
Page 5
BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
1. STATUTORY INFORMATION
Bourne Outdoor Swimming Pool is a Charitable Incorporated Organisation whose principal office is in England.
The presentation currency of the financial statements is the Pound Sterling (£).
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the CIO, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the CIO's accounting policies, management are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no critical accounting judgements or estimation uncertainty that, in the opinion of the trustees, will have a material effect on the financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years Equipment - 20% on reducing balance and 10% on cost
Tangible fixed assets are held at cost less accumulated depreciation.
Stocks
Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the CIO. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Debtors
Debtors are measured at their recoverable amount.
continued...
Page 6
BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
2. ACCOUNTING POLICIES - continued
Creditors
Creditors are measured at their settlement amount or in the case of provision for liabilities the best estimate of their settlement amount.
Government grants
Government grants are recognised when there is reasonable assurance that the grant will be received and any conditions attached will be complied with. Grants are recognised as income over the period necessary to match them with related costs or lost income, for which they are intended to compensate, on a systematic basis.
Financial instruments
The charity has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.
Such assets are subsequently carried at fair value and the changes in fair value are recognised in the income statement, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Basic financial liabilities, including trade and other creditors 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 receipts discounted at a market rate of interest.
Debt instruments 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 business from suppliers. Accounts 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 transaction price and subsequently measured at amortised cost using the effective interest method.
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Notional donation Donations and gift aid Building renovation grants |
2024 £ 2,435 5,764 15,000 23,199 |
2023 £ 2,295 4,417 - |
| 6,712 |
All donations received were unrestricted with the exception of the grant received from Len Pick Trust as this was designated for the renovation of the building and canopy.
4. OTHER TRADING ACTIVITIES
| General admission Season tickets Fun nights Pool hire Schools Lockers and deckchairs Catering franchise Shop accessories 5. INVESTMENT INCOME Deposit account interest 6. RAISING FUNDS Raising donations and legacies Staff costs Rent, rates and water Light and heat Repairs and maintenance Chemicals Cleaning Swimming accessories Depreciation Loss on sale of assets |
2024 £ 74,643 - 4,501 6,319 35 131 1,600 4,647 91,876 2024 £ 1,837 2024 £ 23,570 11,200 19,089 14,449 5,680 652 4,296 14,144 557 93,637 |
2023 £ 59,826 904 3,659 5,847 90 213 1,625 4,382 |
|---|---|---|
| 76,546 | ||
| 2023 £ 1,040 2023 £ 24,982 1,499 18,530 11,929 6,160 761 5,107 12,278 34 |
||
| 81,280 |
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
6. RAISING FUNDS - continued
Other trading activities
| 2024 £ Support costs 8,053 Aggregate amounts 101,690 7. SUPPORT COSTS Governance Other costs £ £ Other trading activities 5,618 2,435 |
2023 £ 9,251 90,531 |
|---|---|
| Totals £ 8,053 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Lifeguards No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,712 Other trading activities 76,546 Investment income 1,040 Total 84,298 EXPENDITURE ON Raising funds 88,881 NET INCOME/(EXPENDITURE) (4,583) RECONCILIATION OF FUNDS Total funds brought forward 187,022 |
2024 7 Restricted funds £ - - - - 1,650 (1,650) 17,700 |
2023 8 Total funds £ 6,712 76,546 1,040 84,298 90,531 (6,233) 204,722 |
|---|---|---|
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 9
BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|
| Unrestricted fund £ TOTAL FUNDS CARRIED FORWARD 182,439 |
Restricted funds £ 16,050 |
Total funds £ |
| 198,489 |
11. INDEPENDENT EXAMINERS REMUNERATION
Duncan & Toplis Ltd provide the charity with accountancy and independent examination services at no cost. The commercial fees for these services would have been £2,435 (2023 : £2,295). These fees are included as notional income and notional expenditure in the income and expenditure account.
12. TANGIBLE FIXED ASSETS
| Improvements to property Equipment £ £ COST At 1 November 2023 118,423 83,465 Additions 33,528 6,044 Disposals - (3,508) At 31 October 2024 151,951 86,001 DEPRECIATION At 1 November 2023 46,209 56,315 Charge for year 7,598 6,546 Eliminated on disposal - (2,951) At 31 October 2024 53,807 59,910 NET BOOK VALUE At 31 October 2024 98,144 26,091 At 31 October 2023 72,214 27,150 13. STOCKS 2024 £ Shop accessories and chemicals 620 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Prepayments and accrued income - |
Totals £ 201,888 39,572 (3,508) |
Totals £ 201,888 39,572 (3,508) |
|---|---|---|
| 237,952 | ||
| 102,524 14,144 (2,951) |
||
| 113,717 | ||
| 124,235 | ||
| 99,364 | ||
| 2023 £ 620 |
||
| 2023 £ 1,166 |
continued...
Page 10
BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
| 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 16. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Boiler Pool resurfacing Building renovation TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Boiler Pool resurfacing Building renovation TOTAL FUNDS |
2024 2023 £ £ 187 15 1,913 48 2,100 63 Net At movement At 1.11.23 in funds 31.10.24 £ £ £ 182,439 2,622 185,061 5,000 (1,000) 4,000 11,050 (650) 10,400 - 14,250 14,250 16,050 12,600 28,650 198,489 15,222 213,711 Incoming Resources Movement resources expended in funds £ £ £ 101,912 (99,290) 2,622 - (1,000) (1,000) - (650) (650) 15,000 (750) 14,250 15,000 (2,400) 12,600 116,912 (101,690) 15,222 |
2024 2023 £ £ 187 15 1,913 48 2,100 63 Net At movement At 1.11.23 in funds 31.10.24 £ £ £ 182,439 2,622 185,061 5,000 (1,000) 4,000 11,050 (650) 10,400 - 14,250 14,250 16,050 12,600 28,650 198,489 15,222 213,711 Incoming Resources Movement resources expended in funds £ £ £ 101,912 (99,290) 2,622 - (1,000) (1,000) - (650) (650) 15,000 (750) 14,250 15,000 (2,400) 12,600 116,912 (101,690) 15,222 |
2023 £ 15 48 |
|---|---|---|---|
| 63 | |||
| 12,600 | |||
| 15,222 |
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Boiler Pool resurfacing TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Boiler Pool resurfacing TOTAL FUNDS |
Net At movement At 1.11.22 in funds 31.10.23 £ £ £ 187,022 (4,583) 182,439 6,000 (1,000) 5,000 11,700 (650) 11,050 17,700 (1,650) 16,050 204,722 (6,233) 198,489 Incoming Resources Movement resources expended in funds £ £ £ 84,298 (88,881) (4,583) - (1,000) (1,000) - (650) (650) - (1,650) (1,650) 84,298 (90,531) (6,233) |
Net At movement At 1.11.22 in funds 31.10.23 £ £ £ 187,022 (4,583) 182,439 6,000 (1,000) 5,000 11,700 (650) 11,050 17,700 (1,650) 16,050 204,722 (6,233) 198,489 Incoming Resources Movement resources expended in funds £ £ £ 84,298 (88,881) (4,583) - (1,000) (1,000) - (650) (650) - (1,650) (1,650) 84,298 (90,531) (6,233) |
|---|---|---|
| (1,650) | ||
| (6,233) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Boiler Pool resurfacing Building renovation TOTAL FUNDS |
Net At movement At 1.11.22 in funds 31.10.24 £ £ £ 187,022 (1,961) 185,061 6,000 (2,000) 4,000 11,700 (1,300) 10,400 - 14,250 14,250 17,700 10,950 28,650 204,722 8,989 213,711 |
Net At movement At 1.11.22 in funds 31.10.24 £ £ £ 187,022 (1,961) 185,061 6,000 (2,000) 4,000 11,700 (1,300) 10,400 - 14,250 14,250 17,700 10,950 28,650 204,722 8,989 213,711 |
|---|---|---|
| 28,650 | ||
| 213,711 |
continued...
Page 12
BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Boiler Pool resurfacing Building renovation TOTAL FUNDS |
Incoming resources £ 186,210 - - 15,000 15,000 201,210 |
Resources Movement expended in funds £ £ (188,171) (1,961) (2,000) (2,000) (1,300) (1,300) (750) 14,250 (4,050) 10,950 (192,221) 8,989 |
Resources Movement expended in funds £ £ (188,171) (1,961) (2,000) (2,000) (1,300) (1,300) (750) 14,250 (4,050) 10,950 (192,221) 8,989 |
|---|---|---|---|
| 10,950 | |||
| 8,989 |
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2024 nor for the year ended 31 October 2023.
18. ULTIMATE CONTROLLING PARTY
The CIO is controlled by the board of trustees.
19. FINANCIAL INSTRUMENTS
The CIO has the following financial instruments:
| The CIO has the following financial instruments: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Financial liabilities measured at amortised cost | ||
| Trade creditors | 187 | 15 |
The total interest income and interest expense for financial assets and financial liabilities that are not measured at fair value through the statement of financial activities was £1,837 (2023 - £1,040) and £nil (2023 - £nil) respectively.
Page 13