Charlty number: 1153922 AFTER UMBRAGE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 AFTER UMBRAGE CONTENTS Page Reference and Admlnlstratlve Detalls of the Charlty, Its and Advisers Trustees. Report 2-11 Trustees. Responsibilities Statement 12 Independent Examinerfs Report 13 Statement of Financial Activities 14 Balance Sheet 15 Notes to the Financial Statements 16-25 AFTER UMBRAGE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees Mr C Moger Ms T Belcher, Chair Ms T Wilkinson (appointed 1 August 2023) Registration number 1153922 Accountants MHA Chartered Accountsnts The Pinnacle Building A 150-170 Midsummer Boulevard Milton Keynes Buckinghamshire MK9 1LZ Page 1 ER UMBRAGE TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 UNbRA¢I. After Umbrage CIO Annual Trustees, Report April 2023 - April 2024 Report of After Umbrage Charitable Incorporated Organisation's {CIO) Board of Trustees for year ending 5th April 2024. The Board presents its report and Annual Accounts for year ending 5th April 2024. Reference and administrative informationn Charity name.. After Umbrage Registered.. As a Charitable Incorporated Organisalion (CIO) on 23rd September 2013 Registration number. 1153922 Registered office: Langleys Solicitors (see address below) Trustees: Tara Belcher (Founder and appointed Trustee September 2013) Mr Crispin Moger (appointed 1st July 2021) Tracy Wilkinson (appointed 1st August 2023) Manager: Tara Belcher (volunteer) Tracy Wilkinson (appointed 1 st August 2023) Accountant- MHA Chartered Accountants The Pinnacle 150 - 170 Midsummer Boulevard Milton Keynes MK9 1LZ Solicitor.. Langleys Solicitors LLP Olympic House Doddington Road Lincoln LN6 3SE Page 2 AFTER UMBRAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 After Umbrage Registration and Constitution After Umbrage became a Charitable Incorporated Organisation (CIO) on 23rd September 2013 when it was registered wtth the Charlty Commission. Reg No: 1153922 After Umbrage's Objective To preserve and protect the health and wellbeing of the close relatives, spouses, partners, boyfriends and girlfriends of persons with a life-limiting condition and who are caring for or nursing that individual (that individual not being resident in an institution or nursing home as defined by the National Asslstance Act 1948 or The Chronically Sick and Disabled Act 1970) by providing accommodation for use by those Close relatives. spouses, partners, boyfriends and girtfriends as a short term retreat. (See constitution) Our beneficiaries are therefore. in summary, carers and the people they care for. Our role is to enable carers to take a free break in a restful attractive environment and thereby re-energise them to sustain their caring role. This will enhance the quality of life of their relative, spouse or partner with a life limiting condition. Finan¢lal Review Donations in the year totalled £34,954 (2023: £20.444). whereas income from rental of the cottage totalled £12.623 compared to £12,523 in 2023. As a result of increased cottage rental income, the associated expenses for maintenance have increased this year. Public Benefit After Umbrage is a charity that cares for those who care. We are 10 years old and opened the doors of Kingham Cottage to carers in 2015. We have given 457 carer families a free four-day break at our cottage since then and the cottage has been fully booked for several years. To date, 1,828 guests have had the opportunity to stay in one of our After Umbrage properties. We have a track record of providing quality holiday accommodation for both carers and paying guests. which is how we fund our charity how we fund our charity. The split we aim for is 60.40 of carers to paying guests. The reviews we receive are a key driver for our small team. Our beneficiaries are all Garers of loved ones with a life-limiting condition. The list of conditions is very long and includes cancer, dementia, rare chromosome conditions and disabilities. Naturally. we love sharing beneficiary stories on our blog. It's easy to book a free break via our website. The carer referral form is available to download from most pages of our website. Our referral network of hospi￿5, GPS and fellow charities such as Caring Together and Carers UK are authorised to 'stamp' the referral form. We raise awareness via Iow-COSt marketing social media and email mainly. Please do follow us on Facebook. Twitter, Linkedln, Instagram. We also encourage people to keep in touch vla our monthly newsletter which is easy to sign up for. Page 3 AFTER UMBRAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 OurActlvity During this reporting period, we focused our work effort across 8 number of themes that reflect our strategy to sustain and grow After Umbrage. These themes are fundraising and donations, showcasing our beneficiaries. promoting Kingham Cottage and all its beautiful features, building business relationships and nurturing our referral ne￿ork. We are also, delighted to have opened our second propety, Teddy Cottage in Oundle, Northamptonshire. During this time the main activities have included.. The upkeep and maintenance of our After Umbrage properties. A continued relalionship with Classic Cottages who have been very helpful advertising and promoting After Umbrage whilst taking bookings and allowing us to take carer bookings as priorily. Our new property, Teddy Cottage is made available to paying guests through Air B&B. Sustained presence across social media platfomis: Facebook, Instagram. X and Linkedln to raise awareness. build our referral network to meet new carers. develop business relalionships for improved productivity. and fundraising. Encouraging 5UPPOrters to fundraise for us and providing resources to enable this. Continuing with networking and nurturing relationships with potential referrers of carers. Recognising, valuing. and supporting unpaid carers by engaging in national campaigns and beneficiary sloryielling. Holding quartedy Tru51ee meetings. Page 4 AFTER UMBRAGE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Nurturing our Referral Network We have 130 members in our referral ne￿ork. Each member is a carer support organisation such as a hospice, a GP, fellow charities such as Caring Together or Brainstrust. The relationships we have wlth our ne￿Ork members are fundamental to our success. They are our eyes and ears connecting us to unpaid carers who become our beneficiaries, once referred. We give them a nice conversation to have with the people they support. They share our leaflets and authorise our referral form verifying their caring status. This helps us ensure we are only giving free breaks to carers who truly deserve a break and our generosity is not taken advantage of. Funding. fundraising and donations During this period. we are hugely grateful to individuals and organisations who have supported us with donations. They include: Cpl Life Sciences. Cpl Healthcare and Cpl UK Technology announced we would be their Charity of the Year for 2023 - our second year in succession. They ran quarterly events to enhance employee wellbeing and raise funds for our charity. We engaged in Carers Week 2023 which took place in June 2023. We created some resources to download from our website. The aim was to get people creating their own fundraisers Oundle School Volunteer Action programme provided us with five fantastic students who helped support us by giving their time to help with the gardening at Teddy Cottage and some great content for our social media. A were delighted to receive funding from The Grace Trust. The Hedley Foundation and Marsh Charitable Trust. We thank everyone warmly for their support. Continuing the fundraising theme. we offer After Umbrage Teddy Bears. These are available on our website and cottages. Guests are encouraged to share pictures of their Bear to raise awareness. Our Plans and Priorities for 2024 With every growing demand. our dream for a second cottage is now a necessity and we invested considerable time into securing this. We sustained our searching efforts all during this reporting period and hope to have good news for you in our next annual report. We are continuing to support our online private group on unpaid carers called Family Umbrage. We host this on Facebook and it is a place to connect with like-minded people who have caring experience. Page 5 AFTER UMBRAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Our beneficiarles After Umbra 'We have enjoyed a *; peaceful stoy & leave with a heart full of hope **¥, and a mind calmed by the last few doys Do not underestimote the power of rest for carers. It is u grecjt healer ' Cuest During this reporting period. we continue to add to our new website page devoted to our beneficiaries. The aim is to tell more stories to recognise. respect and support unpaid carers. We want more people to understand and appreciate the role of unpaid carers. They contribute £162 billion every year to our UK economy and we seek to raise awareness of this. Of our beneficiaries who leave feedback: 1000/0 say their stay has given their wellbeing a boost. 60¢/+o Gornment on feeling part of a wider family of carers. 45 % tell us that their relationships wilh thos& they care for are struggling. 500/0 have said that they would not have been able to afford a holiday as an unpaid carer. 900/0 who stayed following the loss of a loved one said that it really helped with their bereavement. Our MISSION is for carers to provide the best care possible to those they love, who trust and depend on them. We could sell more of our stsys on Airbnb and Classic Cottages, but this would reduce our impact on those we seek to support. Ultimately. we would love to be able to have fvnding available to 'gift' respite breaks all year round. Page 6 AFTER UMBRAGE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Carers Come to us from all over the UK and our community is rapidly growing. Carers tell us they feel isolated and struggle wilh their mental health, wellbeing, finances. and relationships wilh Ihose they care for. We love reading comments that guests leave in our cottages as it makes us realise just how much a break means to them. "Please pass on my gratitude and heartfelt thanks. I feel rested. refreshed and restored" .1 cany actually put into words how grateful l am for what you do and what you have glven us. thank you" "I didny want to leave. A place I doubt I could never afford. Our business hub We have maintained our business hub to showcase our relationships in the business sector. We thank each of them for their valued contribution to improving the efficiency and effectiveness of our charily. Charity of the Year We are proud to have been nominated for the Cpl Life Sciences, Cpl Healthcare and Cpl UK Technology Charity of the Year for 2023 - a second year of support. Alignment of our values is at the heart of our partnership and will continue to be the bedrock of our work together. They are helping us with fundraising and IT support and are creative with their initiatives on our behalf. A charity that resonates with people We would like to say a special thank you to Sam Sherwin, our young correspondent and ambassador for After Umbrage. Postords from Sam depict his adventures with the After Umbrage teddy bear. We so enjoy sharing his travels on our social media. CWS Fkth SPM *t•r*g¥t èr btrwls. wb¥cb Plf¥lymPiI SP47Yt 4Q yt•t* Page 7 AFTER UMBRAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Governance and our board of Trustees Governan￿ and management of After Umbrage are the responsibility of Tara Belcher (Manag8r and Trustee) Tracy Wilkinson and Crispin Moger who are Trustees. This team form the membership of the CIO and are undertaking their roles and responsibilities on a voluntary basls. This Board of three Trustees meet regularly to govern and manage After Umbrage. Maclntyre Hudson Llp, Accountant and Langleys Solicitors. provide our accountancy and legal advice. As Trustees. Tracy and Crispin would like to publicly recognise the incredible generosity and effort. hard work and determination Ihat Tara our Founder and organisational leader puts into After Umbrage. We could not be prouder of all that she is achieving in making a success of this valuable and unique CIO. Join us, support us Without our Trustees After Umbrage would not function. We three are an enthusiastic dedicated team who are keen to extend our Board. If you have expertise. skills. knowledge, resources andlor networks that would assist After Umbrage in the pursuit of our charitable objective we would be delighted to hear from you. If you are willing lo make us your charitable cause or donate however small or large we would be delighted to hear Irom you too. This might include the provision of or access to goods. services or equipment for the benefit of carers taking a break in Bath and Oundle area. It could also be vouchers or other gifts in kind that enable carers lo explore or use local facilities. Or for an informal conversation about your interest in assisting us and supporting our work or adding to our ne￿ork, please email Tara at: tara@afterumbrage.org.uk É¥J tsL j%1 f+1 fr&BIi ivrt GY fkYry"fV¥. Page 8 AFTER UMBRAGE TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Our social impact This illustration identifies the five areas where we have the grèatest social impact. The sociat impact of After Umbrage for unpaid carers 01 02 WHY. SUPPORT. 03 SO()IME £ÉREAVE14gNT":::;" 04 WELLBEING Boosr Key statistics about carers The most recent Census 2021 puts the estimated number of unpaid carers at 5 million in England and Wales. This. together with ONS Census data for Scotland and Northern Ireland, suggests that the number of unpaid carers across the UK is 5.7 million. This means that around 9 % of people are providing unpaid care. However. Carers UK research in 2022 estimates the number of unpaid carers could be as high as 10.6 million (Carers UK. Carers Week 2022 research report). 4.7Yo of the population in England and Wales are providing 20 hours or more of care a week. Over the period 2010-2020. every year. 4.3 mlllion people became unpaid carers - 12.000 people a day (Petrillo and Bennett, 2022). 590/0 of unpaid carers are women (Census 2021 }. Women are more likely to become carers and to provide more hours of unpaid care than men. More women than men provlde hlgh intenslty care at ages when they would expect to be in paid work (Petrillo and Bennett, 2022) One in seven people in the workplace in the UK are juggling work and care (Carers UK, Juggling Work and Care, 2019)- Between 2010-2020, people aged 46-65 were the largest age group to become unpaid carers. 41¢/+o of people who became unpaid carers were in this age group {Petrillo and Bennett, 2022). Page 9 AFTER UMBRAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Economic impact of care Unpaid carers in England and Wales contribute a staggering £445 million to the economy every day- thal's £162 billion per year (Petrillo and Bennett, 2023). The value of unpaid care is equivalent to a second NHS in England and Wales, which In 2020121 received an estimated £164 billion in funding (Petrillo and Bennett, 2023). Further infomiation For more information visit us at.. htt '.lth.aflerumbra .ukl or contact us at: tara afterumbra e.or and join our 961 followers {up from 912 in our last report) on htt s'.Ilwww.facebook.comlafterumbra follow us and 921 followers on twitler htt s-Iltwitter.comlafterumbra e (up from 910) 591 followers on Instagram htt s:Ilwww.insta ram.comlafterumbra e (up from 514) Linkedln.. htt s:Ilwww.linkedin.comlcom an 1654601831admin where we have increased our following to 320 from a start point in July 2020 (up from 282). e.or We also appreciate all the donations we receive so please contact us if you have fundraising ideas, or donations can be made al: htt s'.Ildonate. iveas ulive.comlchari lafterumbra IiiiD,,.-_ DONATE f*::. Page 10 AFTER UM8RAGE TRU5TEES' REPORE ICONTINUEDI FOR THE YEAR ENaED 5 APRIL 2Q24 APp￿Ved15Y orGler ot merTbei7 ¢1 me boord Af TDJstw and ￿)n￿ on thw be￿851 trjy M$ T Bel¢h¢r F>ge11 AFTER UMBRAGE STATEVJÈNT OF TRUSTEÉS. RESPQNSIBILITIES FOR THE YEAR ENOED 5 APRIL ZQ124 The Tr￿*¥5 are *esprJftsitrA@ for prepèrirg kne TR:stotrs' RÈFort Brd Triawal gtthfneryts ifx &J￿r￿anc4 WEIII JorLr2ble I¥w lJtrilt**d K Igiiom *w¢ounEing St3ndor¢$ I'JI nited Kin¥Jofrt faeneraLy AcG¢#I￿ Accwniinp r)r.iUice}. T￿.? 3Fplt-..atl,o Lo ahariti￿ ETrJli3r.d & fW4Lk're3 the LI￿1*¢￿ TO Jrepgw ¢x':w7)èniS '.or each fiTrArii4i*', W￿,.[￿. gi'le B tTU¥ Brl lair of 'he stsle of affairs .'he Chaity of ¢s iy.tt7rnir"& r￿Ur￿. afid aopliution J., To*￿¢￿1¢e8. i4c4ud*ny ils ifwme 8xFendstvr&. for 'h)l ?FTiod. 411 prepa.4rig thesè :. Inanrits, ta4tr>2enis, the are ￿¢￿Ired to. 6de-t sii*'a*l? akccunting ￿lia'e$ upply tyeth ccnygtonlly," obSUf￿ ,yel*cQs and winaple$ of.ho eh3rtli*5 >04P 'FR S ', OLj' ke jidg-. ￿ntS afTG iStt*Ullling estimJ4U L*a:. ore r*3SOnBblg at,,J pr¥4Je,It". a,e wheLle". SPF,,.￿￿￿t JK AC￿L'￿tIn5 5L4n¢Ard$ i 1021 nB¥O ltrlcwèd. 3kniijoeL t,) gn'o mM&[i￿. e￿gureS disd0￿, èi 10 Èxp:.Birod in th¥'2inaiiciAI fl.a:. erfjseiit5,' Pf*pare tre nnsnci3': 5tst¢Me￿.Ls on the wing rur¥trrn b3si$ unless it 15 inapFfVFri¥le lo presijw thot the 21 ￿rt.￿LEe ?n busir•ss. Lhany WI,. Tk¢ :, wstCe"¥ resFon$iè..< for k.ègyinf' dp?>Aale ¥ccwnliris ThJr'¢ts Ql)?.l 8."e gJffiuenl to show 4".Kl ¥xP'.airr the fhq,. Ily. I18￿&9.c#9Tr$ disc1￿￿ ￿"tt". Ée.sV)nEIDle 3ccurary 31 an'2 tsmQ tr.£ fin￿=13[ pJ5iliDn Ihe i.bsLri a￿d 111tr4.s Its ensiif the Cha• 3nd hE¢ncB *r iaKln J ￿￿$￿tr.￿b[e stèp5 for #IC Fife'i¥riliQll &-Iii ￿eteGt¥jr￿ Trl traiJJ ar￿1 Jthw wrEoular1bB￿. Apwavoo by o*rJr of tne m¢miJets of the 4JW i •.Islees 8rfrd slgrted tsy." M5 T BFlchèr ruster3J D3te'. 12 AFTER UMBRAGE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Independent Examlner's Report to the Trustees of After Umbrage {'the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2024. Responslbllitles and Basis of Report As the Trustees of the Charlty you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the 2011 Act,). I report in respect of my examination of the CharitVs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Ststement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities= Statement of ReGommended Practice applicable to charities preparing their accounts in accordance with the Financial ReportirFg Standard applicable in the UK and Republic of Ireland (FRS 102) in preferen￿ to the Accounting and Reporting by Charities: Statement of Recommended Practi￿ issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 Act- or the accounts do not accord with those records," or the accounts do not comply with the applicable requirements conceming 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 Irue 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 wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached. This report is made solely to the Charitls Trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to stale to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Chariws Trustees as a body, for my work or for this report. Elizabeth Newell BA (Hons) FCA MHA Chartered Accountants Milton Keynes Page 13 AFTER UMBRAGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestrl¢ted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities 34,954 12,623 34.954 12,623 20,444 12,523 Total income 47.577 47.577 32,967 Expenditure on: Charitable activiiies 66,967 66.967 45,951 Total expendlture 66.967 66.967 45,951 Net movement in funds (19,390) (19.390) {12,984) Reconciliation of funds: Total funds brought forward Net movement in funds 30,140 (19,390) 30,140 (19.390) 43,124 (12.984) Total funds carried forward 10,750 10,750 30.140 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 16 to 25 form part of these financial statements. Page 14 AFTER UATBRACE UALA14CE SHEET AS AT 5 APRIL 2024 2024 2C.23 Note Flxed asgpts Intsroibij BSStIs 10 208 Currnrrt ass8ts 2,174 10,466 1.8S0 i_ssh 81 bsnk ana iy hyrKI 12,fAO 0ie04o.T'. orKounts tsllirg due'iKI*tr..*rt yeof 1,8901 11_aOUI Nét currerrt aswts 10,750 29.932 10,750 YJ.140 Plel aswy excluding pension asset 10,750 &9,',40 Totsl rF*t •ss•ts 10.750 3C,140 Charity fvFKIs Un.￿stri￿od fund 14 10,FSO J9.140 Tow hJ#d$ 10,750 30,3AQ @. fJRn¢yal sta"err,￿nZ$ ?gkY9¥e¢ arKI by t* Tru¥t¢Co ￿1}Ned or? lknir ￿[F T BBlthor Dat The notes on 16 gl7 25 ftym part oé tlese financi21 stsietwen*s. P399 15 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 General Information After Umbrage is a registered Charity in England and Wales and is unincorporated. The address of the principal office is The Pinnacle, Building A ,150 - 170 Midsummer Boulevard, Milton Keynes, MK9 1LZ. Accounting poli¢les 2.1 Basis of preparation of financial statements The financial statements 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. 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 exient required to provide a 'true and fair. view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Pradice effective from 1 April 2005 which has since been withdrawn. After Umbrage meeis the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaclion value unless othe￿iSe stated in the relevant accounting policy. The charity has taken advantage of the provisions in the SORP for charities applwng FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are p￿pared In Sterling. which is the functional currency of the charity. Monetary amounts in these financial statemenis are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. 2.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Page 16 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 A¢countlng pollcles (continued) 2.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds are unrestricted funds embarked by the Trustees for particular future project or commitment. Restricted funds are subject to restriction on their expenditu￿ declared by the donor or through the terms of an appeal. and fall into one of the two sub-classes.- restricted income funds or endowment funds. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 2.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donalions are recognised on re￿ipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheThvise if the charily has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legaw is treated as a contingent asset. Investment income is recognised on receipt. 2.5 Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitsble activities. Other eXpend￿tUre includes all expenditure that is netther related to rdising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Page 17 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng poll¢les {contlnued) 2.5 Resources expended (contlnued) Expenditure on charitable aciivities is incurred on directly undertaking the activities which further the charit￿s objectives, as well as any associated support costs. 2.6 Intangible assets and amortisation Intangible assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After rewgnition. under the cost model, intangible assets are measured at cost less any ac¢umulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a slraight-line basis over its expected useful life. Amortisation is provided on the following basis.. Computer So￿are 33 0/0 Straight line basis 2.7 Debtors Trade and other deblors are recognised at the setuement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any Irade discounts due. 2.8 Cash at bank and in hand Cash al bank and in hand includes Gash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposil or similar account. 2.9 Liabilities and provisions Llabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recogni5ed 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 risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. Page 18 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies {contlnued} 2.10 Flnancial 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 with the exception of bank loans which are subsequently measured at amortised Gost using the effective interest method. Basic financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets clas5tfied as receivable within one year are not amortised. Baslc financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at Iransaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 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 operations from suppliers. Amounts payable are classrfied 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. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 2.11 Fund accountlng General funds are unrestricted funds 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 designaled for other purposes. Page 19 AFfER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Critical accountlng estimates and areas of Judgment Estimates and judgments are continually evaluated and a￿ based on historical experience and other factors, including expeciations of future events that are believed to be reasonable under the circumstances. Critical accounting eslimates and assumptions.. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition. seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Critical accounting estimates and areas of judgment In the application of Ihe Gharity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sourGes. The estimates and associated assumptions are based on hislorical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Critical accounting estimates and assumptions: The estimates and underlytng assumptions a￿ reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Donations and fundraising 34,954 34,954 Unrestricted funds 2023 Total funds 2023 Donations and fundraising 20,444 20,444 Page 20 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Income from charltable a¢tlvities Unrestricted funds 2024 Total funds 2024 Cottage rents 12.623 12,623 Unrestricted funds 2023 Total funds 2023 Cottage rents 12.523 12.523 Analysls of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Charitable activites 66,967 66.967 Unrestricted funds 2023 Total 2023 Charitable activitgs 45,951 45.951 Page 21 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expendlture by actlvltles Activities undertaken directly 2024 Total funds 2024 Charitable activites 66,967 66,967 Activities undertaken directly 2023 Total funds 2023 Charitable aGtivities 45.951 45,951 Analysis of direct costs Total funds 2024 Toial funds 2023 Rates and water Light and heat Repairs and maintenance Insurance Other establishment costs Legal and professional Fundraising costs Marketing Amortisation 925 2.909 2.034 5.318 3,492 7,498 4,903 9,133 9,122 1.542 4,024 14.883 4,274 26,107 4,473 11,689 208 66,967 45.951 Tru5tees' remuneratlon and expenses During the year. no Trustees received any remuneration or other benefits (2023 - £NIL). Page 22 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Trustees. remuneratlon and expenses (contlnuedl During the year ended 5 April 2024. no Trustee expenses have been incurred (2023 - £NIL). 10. Intangible assets Website development Cost At 6 April 2023 4.800 At 5 April 2024 4,800 Amortisation At 6 April 2023 Charge for the year 4.592 208 At 5 April 2024 4,800 Net book value At 5 April 2024 At 5 April 2023 208 11. Debtors 2024 2023 Due within one year Prepayments and accrued income 2,174 1,850 12. Creditors.. Amounts falling due within one year 2024 2023 Accruals and deferred income 1,890 1.800 Page 23 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 13. Flnanclal Instruments 2024 2023 Flnanclal assets Financial assets measured at fair value through income and expenditure 10.466 29.882 14. Statement of funds Statement of funds - current year Balance at 6 April 2023 Balance at 5 Aprll 2024 Income Expenditure Unrestricted funds General funds 30,140 47,577 (66,967) 10,750 Statement of funds - prior year Balance at 6 April 2020 Balance at Income Expenditure 5 April 2023 Unrestricted funds General funds 43,124 32,967 (45.951) 30.140 15. Summary offunds Summary of funds - current year Balance at 6 April 2023 Balance at 5 April 2024 In¢ome Expenditure General funds 30,140 47,577 (66,967) 10,750 Page 24 AFTER UMBRAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 15. Summary of funds (contlnued) Summary of funds - prlor year Balance at 6 April 2021 Balance at Income Expenditure 5 April 2023 General funds 43,124 32,967 (45.951 } 30,140 16. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Current assets Creditors due within one year 12.640 {1,890) 12,640 (1.890) Total 10,750 10,750 Page 25