Registered Clwity No. I 151459 Registered Company No. 8203599 1¥40AM EDUCATIONAL TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
NOAM EDUCATIONAL TRUST REPORT AND AccouNrs FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS PAge Charity inforntstion Trustees. atmual report Indq)endent auditor's report Statement of fllwicial activities Balance sheet Statement of cash flow 10 Notes to the accounts
NOAM EDUCATIONAL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Registered Charity Number 1151459 Company Registration Number 8203599 Trustees Dr J Rees Mr R Denton Mrs H Cohen Mr D Goldberg Mr G Hollander- resigned J 111112024 Mrs S Richman- resigned 11111/2024 S Stanton - appointed 11111/2024 Registered Office Clo 75 Maygrove Road West Hampstead JA)ndon NW6 2EG Independent Auditor Goldwins Limited 75 Maygrove Road Wesl Hampstead London NW6 2EG
NOAM EDUCATIONAL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Introduetlon The trwstees present their report and accounts for the year ended 31 August 2024. Although they arc referred to as Tniste&8, they are tr£lmically directors ofthe charitable comp2ny. regigtered at Companies Hou8e in Englan Thefla1 statements havebeen prwed in accordance with Accounting and Reportin8 by Charities: Statement of Recomm¢nd¢d Practice applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102- effective I January 2015- (Clwiti&8 SORP FRS 102) and thc Companies Act 2006. Name, reglstered office JlDd constltution of the charity The full name of the chaTity is Noam Educational Tn The legal details are: Date of incorporation Company registrdtion number Charity registration number 6 September 2012 8203599 1151459 Objectlves and Activiti The objects of the charity are the advancement of edu¢ation for the benefIt ofthe public. in particular but without limitation the provision and maintenance of a school or schools And by ancillary or incidental educational activities for the bencfit of the community. in p8rti¢ular but not ex¢lusively for Jewisb children. The charity was 0ri8inally established by the Same individuals who founded Noam Primary School ('Trloam") in 1999 as an Orthodox Jewish primary school in North West London. In March 2021, the school. which is now Voluntary Aided, changed its name to Shalom Noam Primary School ("Shalom Noam,?. The aim of the tntee$ is to promote excellence in Jewish oaucation that is founded upon Orthodox Jewish law, heritage and culture. Currently, the activities of the charity remain focussed on (l ) raising additional funds to support the operational costs of Shalom Noam, (2) 5UPPOrting other relevant charitable institutions and to provide grants lo other educational projects. The charity also has a fornlal role as the foundation body of Shalom Noam and is responsible for appointing a majority of thc governors of Shalom Noam. Fundraislng activitleg Noam Educational Tntst's fi¥ndraisin8 activities involve primarily seeking donations from a spectrum of individuals and organisations who wish to suptK)rt Jewish education in general.
NOAM EDUCATIOIYAL TRUST REPORT OF THE TRUSTEES FOR TEIE YEAR ENDED 31 AUGUST 2024 The TnteeS expect that most of the raised to support Shalom Noam will come from families who have children at SI10 Noam which in turn helps support the educationprovid¢d at Shalom Noam that is outside the remit of Voluntary "ded status. Structure, Goyerllance and Management The charity is constituted as a company limited by guarantee. and is therefore governed by its memorandum and articles of association. Thc Tntee5 have to date administered the day-aY affairs of the ¢barity. which have bcen minimal. All decisions to award charitable grants are made by the trustees following a consideration of the grant request. In the ¢as¢ of the constru¢tton of the new building, which will be leased to Noam school. the trustees have appointed expert professional advisors, includmg architects and project managers to assist with the running of the project. None of the tllteeS have any beneficial interest in the clwity. As the charity s¢eks to develop its a¢tiviti¢s. it is th¢ intention of the trustees to appoint a number of new trustees. This 1$ intended to bring additional relevant experience to the ttustee body, including in the areas of ¢dutIon, fjnance and charities. In appointing new tsustees. the tnteeS will apply suitable recruitment, training and inducts'on procedur¢s. The trustees have identified and reviewed the major risks to which the Charity 18 exposed to, in particular thos¢ relat to th¢ operations and finaD¢¢ of th¢ Charity, and ar¢ satisfied that Systems are in place to manage these risk8. The Trustees are committed to ensuring that the Tntst follows best prnctice for governance, and bave accordingly adopted the Charity Governance Code for Larget Charities. While the Trust bas minimal operational a¢tivitie4 the Trustees seek to apply the Code on a proportionate basis. Pollcles on reyerves It is the policy of the trustees to match the charity's expenditure obligations and plans with funding from both statutory and other sources. The trnstees contitiuously review the funding prospects and expenditure levels of the charity. All the directors of the company are also trustees of the charity. and their responsibilities include all the responsibklities of directors under the Companies Acts and of trustees under the Cl)arities Acts. The directorsltrust¢¢s are all members of th¢ charity.
NOAM EDUCATIONAL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Statement of trustees, responsfibilitAes The trnstees (who are also direc of Noam Edue4tiona] Tnt for the purposes of company law) are responsible for preparin8 the Trustees. Report (incorporating th¢ dITtorS, T¢POrt) and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The FinancialReportingSrandardapplicable in ihe UKandRepublic ofIreland (United Kmgdom Generally Accq)ted Accountin8 Practice). Company law requires the tntstecs to prepare financial stat¢ments for each financial year which give true and fair view of th¢ ststc of affatrs of the cbaritable company and of the income and ¢xpenditure of the charitsble company forthat year. In prq)aring these financial staten}en the trustees are required to.. •select suitable accounting policies and then apply them consistently9 •observe the methods and prin¢iples in the Charities SOIiP' ake judgments and accounting estimates that are reasonable and prudent. •state whether applicable UK Accounting Standards have been followe4 subject to any material departures disclosed and explained in the financial statements, and repare th¢ fman¢ial statem¢nts on the going Concern basis unless it is inappropriate to presume that the charitsble company will continue ia business. The trnstees are responsible for maintainitig proper accounting records which disclose with reasonable accurn¢y at any time the fuwicial posttion of the charitsble company and enable them to ensur¢ that the financial statements comply with the Companies Act 2LK)6. They are also responsible for safeguarding the assets of the charitable compatty and hence fortsking re&sonable steps forthe prevention and detection of fraud and other irregularities. In so far as thc trustccs are awarc: .there is no relevant audit inforniation of which the charitsble companyl auditors are unaw8re' and •the trustees have tsken ail steps that they ought to have tsken to make themselves aware of any relevant audit inf0mtIOn and to estsblish that the audir$ are aware of that InfomtiOn. The trustees are reS]ble for the mainterwice and integrity of the corporate and financxal inforniation included on the ¢haritable company's website. Ixgislation in the United Kingdom governing the preparation and dissemination of financial ststements may differ from legislation in other jurisdictions. Thisr ort was approv y the Board of TrustKs on ..... es Trny
INDEPENDENf AUDITORPS REPORT TO THE MEMB OF NOAM EDUCATIONAL TRUST OpiDion We have audited the fmancial statements of Noam Educational Trust for the year ended 31 August 2024 which comprise the Statement ofFillallciaE Activities. theBalallce SbeeL Statement of cash flows and the related notes. The financial reportin8 framework that h&$ been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of IrelaDd (Unit1 Kingdom Generally Accepted Accounting Practice). Opinion on fin2DCiAI ststements In our opinion the ftnancial statements: give atrue and fair view of the state ofthe ch8ritable Lx)mp8ny's affairs &8 at 31 August 2024 and of its income and expenditure for the year then ended: have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companies Aet 2006. Basls for oplnlon We conducted our audit ID accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the fmancial statements section of our report. We are independenl of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethi Standard and we havc fulfilled our other ethical responsibilities in accordance with these wuirements. We believe that the audil evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslong relatlDg to golng concern In auditing the financial Ststernen we have concluded that the tntee$. useofthe going fA)ncern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfornie(L we have not identifiol any material un¢erlaititie8 relating to events or conditions thaL individually or LX)Ilectivety. n]ay casl silficant doubt on the charAty'S ability to continue as a going concern fora peri(Kl of at least twelve months from when the financial statements are authorised for issue. Our respon8ibiliti¢s and the SpOnsibl11ttC8 ofth¢ dirtorS with respect kn going concern are described in the relevant sections of thi8 report. Other inforn)atioll The trust¢es are responsible for the other infomwtion. The other inforniation cornpriscs th¢ infonnation included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the finallci statements does not cover the other infOrntion an except to the extent otherwise cxplicitty stated in our repo¢ we do Dot express any forni of assutance Conclusion thereon. In cotmection with our audtt ofthe fmancial statements. ourresponsibility is to read the other infomiation , in doing so, consider whcth¢r the other iDforn]ation is Djaterially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appeS to be materially misstated. If w¢ identify such material inconsistencies or apparent material misstatements, we are required to detern)ine
INDEPENDENT AUDITOR REPORT TO THE MEMBERS OF NOAM EDUCATIONAL TRUST whether there is a material misstatement in th¢ financial statements ora mafrrial misstatement of the other inforn]ation. If. based on the work we have perfornied. we ¢on¢lude that there is a material misstatement of this other 1nforniati0 we are required to report that facL We have nothing to rert in this regar<L Opinion on other mAtter prescribed by the Companies Act 21)06 In our opinion, based OD the work undertaken in the course of the audit: the inftirniation given in the trustees, report (incorporating the directors. report) for the financial year for which the fwancial statements are prepared is consistent with the fmancial statements. the trustees, report (incoTporating the directors. report) have been prepared in accordance with applicable legal requirements. Matters on whicb we Are required to report by exception In the light ofthe knowledge and understanding of the Cbarity and its environment obtsined in the course of the audiL we hav¢ not id¢ntified materia] misstatem¢nts in the Tntee5. Annual Report. We have nothtng to report in respect of the following ntter8 where the Conwanies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been r¢¢eived from branches not visited by us; or the fmoncial statements are Dot ID a8reement with the accounting records and returns. or certain dIlOsure5 of trustees, remuneration specified by law are not made: or we have Dot received all the inforniation and explanations we require for our audiL Re$ponslbil1tl of the trustees As explained more fully in the Truste¢s' Responsibilities StaternenL the ffiteeS (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a tru¢ and fair view and for such infrrnal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or eTror. In preparing the financial ststements, the tnLStees are rwnsible for assessing the Charity's ability to continue as 8 going Conc disclosing, as applicable, matters related to going concern and usin8 the going concern basis of accounting unle&s the tntee$ either intend to liquidate the Cbarity or to Cease operations, or have no realistic alternative bui to do so. Our respoD$ibAlitiu for the audit of the faDcial statemeDts Our obJectt"ves are to obtsin rcasonable &SSUTancc about whether the financial statements as a wholc ar¢ free from material mi5StatemenL whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a higb level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or ermr and are considered material if. individually or in the aggrcgatc, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial statcmcnts.
INDEPENDENf AUDTTOR'S REPORT TO THE MEMBERS OF NOAM EDUCATIONAL TRUST Irregularities. including frau are instances of non-compliance with laws and regulations. We design procedures in line with ourresponsibilities, outlined above. to detect material misstatements in respectof irregularities, includitLg fraud. The extent to which our predureS are capable of detecting irregularities, including fraud are set out below. Jn identifying and asse&8ing risks of mat¢rial mi&statem¢nt in respect of irregularities, including fraud and non-complianc¢ with laws and regulations, our procedures included the following.. We enquired of managemenL wl)ich included obtaining aDd reviewing supportingdocumentatio concerning the charlty's policies and procedures relating to: Detecting, evaluating, and complying with laws and Tegulations and whether they were aware of any instaoces of non-cornpliance" Detecting of the risks of fraud and responding whether they have knowledge of any actual or suspected fraud; The intetDal controls in place to mitigate risks related to fraud or non-compliance with laws and regulatlODS. We obtained an understanding of the legal and regulatory framework that th¢ charity operates in, focusin8 on those laws and regulations that had a ma*rial effect on the financial statements or that had a fijndamenlal effect on the operations of the charity from our professional and sector experience. W¢ perfornied atwlytical procedures to detect any unusual or UDexpe¢ted relationships that may indicate risks of material misstat¢ment due to fraud. Because of the iDherent limitations of an audil therc is a risk that we will not detect all irregularities, including those leading to a material misstatement in the fU)cial ststements or non-compliance with regulation. The risk is also greater regarding irregularities oCCu1ng due to fraud rather tban error. as fraud involves intentional concealmen( forgery. collusion. omission or misrepresentation. A fiwther description of our responsibilities for tbe audit of the fllwicial statements is located on the Financial Reporting CouD¢il's website at: [www.frc.org.uklauditorsresponsibilities]. This descriptio fonns part of our auditor's ret. Use of our report This report is made solely to the ¢lwitsble company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 26. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to slate to them in an auditor's report and for no other pUOse. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the tharity and the charity's members &s a body. for our audit work. for this repo¢ or forthe opinions we have fonncd. Anthony Epton {Senior Statutory Auditor) for and on behalf of Coldwins Limited Statutory Audltor Chartered AccountaDts 75 Maygrove Road Wc5t Hampstead London NW6 2EG 21 May 2025
NOAM EDUCATIONAL TRUST STATEMENT OF FINANCIAL AcfiviTIES CLUDING INCOME AJND EXPENDITURE ACCO FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total funds 2023 Total fimds Unrestricted Restricted funds lunds Note IDcome from: Donations 646,504 646,504 765,918 Investment income 10,472 10,472 12,500 Total income 656,976 656.976 778,418 Expendlture on: Charitable activities 619292 619J92 655,355 Tot21 expendlture 619,292 619J92 655,355 Net Income for the year 37.684 37,684 123.063 Transfers between funds Net movement In fund# 37.684 37,684 123,063 Recon¢lllAtIoD of funds: Total funds brought forward 712,655 5,828,636 6J41291 6,418,228 Total funds ¢2rrled forward 750.339 5.828,636 6578.975 6,541,291 All of the above re8uIts are derived from wntinuing activities. There were no other recognised gains or losses other than those stated above. The attached notes forni part of these financial statements.
NOAM EDUCATKOIYAL TRUST BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Flxed A&sets Tangible assets 5030,072 5,837,865 Current Assets Debtor8 Cash at bank and in hand 12,583 740.920 708,026 Creditors: atnounts falling due within one year Net Current A$setJ 74 903 703 426 Net aJ$ets 6J7&975 6,541,291 Total funds Restricted funds 582&636 5,828,636 Unrestricted fimds 75QJ39 712,655 647&975 6,541,291 The fjnancial ststcm¢Dts havc been prepared in accordance with the specia] provisions for small companies under Part 15 of the Companies Act 2006. Approved by thetrnstees on.......... ... and signed on their be If by: Dr J Ree8 Trustee Company Registratlon Iyo. 8203599 The attached not¢s forn] an integral part of these accounts.
NOAM EDUCATtONAL TRUST STATEMEwf OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Note Cash flows from operathig activitie5: Net cash provided by l (used in) operating actsvities 32J94 96,631 Cash flows from Investhig activities: Sale/ (purchase) of fixed assets Sale/ (purchase) of investments Cash provlded by l (used In) investing activities Cash flows from flDan¢iDg activities: Repayments of borrowing Cash infiows from new bormwin8 Cash provlded by l (used ID) finAnelng aetlvltles Chang¢ ID ca$h ¢A$h equivalents ID the year 32W4 96,631 Cash and cash equivalents at the beginDing of the year 70 026 611395 Cash and cash equivalents at the end of the year 740 920 708 026 10
NOAM EDUCATIONAL TRUST NOTES TO THE ACCOUlYfS FOR THE YEAR ENDED 31 AUGUST 2024 A¢¢ountiDg polleies Bs$ls of preparntlon The fuwicial statements have be¢n pryTed in Jrdanc¢ with Accounting and Reporting by Charities: Ststement ofRecon)mended Practice applicable to chatitiesprepaTingtheir accounts in accordance with the Financi Reportin8 Standard applxcable in the UK and Republi¢ of Ireland (FRS 102- effective l January 2015)- (Charities SORP FRS 102) attd the Companies Act 20(kn. The charitable company meets the defmition of a public bcnefitentity underFRS 102. Assets and liabilities are initially rccognised at historical cosl or traLwtion value unless otherwise stated in the relevant accounting poh'cy or note. b) Coing concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concem. The trustees do Dot consider that there arc any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. Income tncome is recognis¢d when the charity h88 entitlement to the fun(ts, any perfonnance conditiong attached to the income bave been mel it isprobable that the income will be received and that the amount can b¢ rne&sured reliabty. Income from government and other gr8nts, whether 'capital' grants or 'revenue' grants, is re¢ognis¢d when th¢ charity bas entitlement to th¢ fuDds. any trfon1¢c conditions attached to the grnnLq have been met. it is probable that the income will be receiv and the 2mount can be measured reliably and is not deferred. Income received in advance for the provision of specifi¢d servic¢ is d¢f¢rr¢d until th¢ ¢Tit¢ria for inwm¢ TwognitioD m¢L d) Interest reeeivable Interest on funds held on deposit is included when receivable and the arnount can be measured reliably by the cbarity. this is norn]ally upon notification of the interest paid or payable by the Fund aeeountlng unreslricl fuDds are av3i18ble to spend on activities that fiwther any of th¢ putposes of charity. Designated funds are unrestricted fimds of the charity which the trustees have decided at their discretton to set aside to use for a specific PUTpose. Restricted funds are donations which the donor has specified are to be solely us&1 forparticular arw of the charity's work or for specific piojects being undertaken by the charity. Expendlture Expenditure is recognised once there is a legal or constrnctive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation canbe measured reliably. 11
NOAM EDUCATIONAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Aeeounling pollctes (conthlued) Fixed assets and depreciation Depreciation is calculated so as to write off the cost of an asseL le&s its estimated residual value, over the useful ecoDOrniC life. A regular impairment review is undertak The is no depreciation on freehold lan& The building is also Dot depreciated as trSte¢S consider it to be an apprcciating ass¢L Fixtures and fittings- 25 % RB Computer equipment- 2/0 SL h) Cash at bank and In hand Cash at bank and cash in hand includes cash and short lemi highly h'quid inv¢stsn¢nts with a short maturity of three Months or less from the date of aL4uisition or opening of the deposit or similar accounL 12
NOAM EDUCATIONAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Total Funds 2024 Totsl Funds 2023 Analyses of expendlture Charltable actlvlties Insurance Prnperty costs Donations to Voluntary Aided Shalom Noam Primary School Grant cxpcnditure Audit fees Professional fees Bookkeeping Bank charges Depreciation Sundry 510 1,200 588.804 14.942 4,7(K) 5.234 2,550 547.551 76.675 4,400 2,430 2,562 108 13,403 442 1,094 99 7,793 150 619,292 655,355 Totsl expenditure 619292 655 355 Of the totsl expenditure £619292 was UDrestricted (2023: £655J55) and £Nil was restricted (2023.. £Nil). TAngible red aets Freehold Land & Property Flxtures and Flttlng8 ete Total Cost At I S¢pt¢mber 23 5,797.650 75,770 5,873,420 Additions At 31 Au8USt 2024 5 797 650 5 873 420 Deprecladon At I September 21r23 35,555 35.555 Char8e for the year At 31 Au£u$t 2024 Net book value At 31 Augugt 2024 5 797 650 5 830 072 At 31 August 2023 5.797 650 5,837 865 Freehold land and property in¢lude laud purchas at EaStROa Burnt Oak HA8 OAJ. The lalld was purchased to purposely build a school wlllth is being wsoj by The Shalom Noam Primary Sthool. The asset is used for charitable putposes. 13
NOAM EDUCATKONAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR EIYDED 31 AUGUST 2024 4 Debtors 2024 2023 Otber debtors 12,583 12,583 6 Credltors: Amounts falllng due wlthln one year 2024 2023 Accruals 4.600 4.600 8 Analysis of net assets between funds Total funds UDre8trieted Restrleted Tangible fed assets Net awrent assets 1,436 748,903 5,828,636 5,830,072 748.903 Net assets wt the end of the year 750 339 5 828 636 6 578 975 6a Anglysis of net assets between funds (prior year) Totsl funds UArestrleted RtrIcted Tangible red assets Net current assets 9229 703,426 5.828.636 5,837,865 703 426 Net assets at the end of the year 712 655 5 828 636 6 541291 14
NOAM EDUCATIONAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 7 Moven)ents in fund8 Atthe stsrt of the year Atthe end of the year tntome Expenditure Transfers Restricted fuDds: Building fid 5,828.636 5,828,636 Total restricted fuDd8 5,828,636 5,828,636 Total unrestrieted funds 712 655 656,976 {619,292) 750 TotAI funds 6.541291 656,976 (619.292) 6,578,975 Purp09es of restrleted funds The provision of a new school building and fixtures for The Shalom Noam Prinwy School. 7a Movements fin fuDd8 (prlor year) Atthe start of the year At the end of the year Income Expendlture Transfers Restrlcted funds: Building fund 5.828.636 5,828,636 Totsl restrfcted funds 5 828 636 5 828 636 Total unrestrlcted funds 589 592 778,418 (655J55) 712 655 Total funds 6,418,228 778,418 (655.355) 6,541,291 Purposes of restrlcted funds The provision of a new school building for The Shalom Noam Primary School. Transfers of fimds occur when there is a sbortage of unrestricted funds and approaches are made to donors of restiicted fimds to release their restrictions. 15
NOAM EDUCATIONAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED JI AUGUST 2024 Re¢oncAllatlon of net nme l(upendlthre) to net cash flow from operating activitles 2024 2023 Net income l{expenditure) for the reporting period (as per the statement of fiDancial activities) 37,684 123,063 Depreciation (Increasey decrease in debto Increasel (decrease) in creditors 7.793 (12483) 13,403 (39,835) Net cash provided by l (used An) operating 2rtivitles Analysls of cajh and cash equivalent Atl At31 September 2023 Cash flow August 2024 Cash at bank and in band 708.026 32,894 740,920 Totsl c&sh aDd cash equivalent 708,026 32,894 740,920 io Emoluments of the trnstees The trustees did not receive any remuneration during the year (2023: Nil). There were no employees in the year {2023'. none). There were no employee benefitpayments to key management personD¢l in the year (2023: Nil). Related Party transactions There are no related party transactions to disclose for 2024 (2023: none). 12 Share capltal The charity is a company limited by guarantee 8nd has no Sha capital. The liability of each member in the event of winding up is limited to £1. There were six members at 31 Au8USt 2024. 16