REGISTERED COMPANY NUMBER: 09010565 (England and Wal&4) REGISTERED CHARITY NUMBESL. 1161937 Report of the Trustees and Flnanciil Statemenls for the YeAr Ended 30 November 2021 for Splash Community Trn$t Ymddiriedolaeth Gymunedol Sbl8511 H8ines Watts Chester Limited Military.House 24 Castle Str¢et Chestrr Ch¢shir¢ CHI 2DS •AB8QPZIKS 0310912022 COMPANIES HOUSE A17 #282 Splash CO1￿MunItY Trust Yrnddiriedolaeth Cymuii¢dol Sbl8$b ConteTrl5 of the Finarttial Stiiements for the Ye&r Eud¢d 30 November 2021 Page Report of the Trustees I to 3 Report ol the ludepend¢nt Allditors Staternenl of Financial Activities Balance Shttt C8$h Flow Statemtnt Notes to the Cash Flow StstemeJ)t io Notes to thE Finantial Staternents 11 to 18 Detailed Ststernent of Finkneial Aetiyltles 19 to 20 Splash Community Trust Ymddirieilolaeth cy￿￿ned01 Sblash Report of the TriLStees for the Year Ended 30 November 2021 The trustees who are also directOTs of the charity for th¢ p￿ry)05c5 of the Companies Act 2006. present their JH)ort with th¢ financial statetnents of the ¢harity for ¢h¢ y¢ar ended 30 Nov¢mlxr 2021. The trustees h&ve Ddopted the provisions of Accounting and Reporting by Charitie5'. Ststerneijt of Recommcnded Ptaciice applic&ble io ¢har2ties pieparing their arxounts in &ccordance with ihe Financial R¢pO[tu￿ SrnTKlard applicable in the UK and Republic of IrelaTLd (FKS 102) {effeciiv£ l January 2019). OBJEcfivES Af4D AcfiviT]ES Aims & Objtctive5 of the Trust To provide ctstnmuntry aod re¢TeatioDal facilitie5 to the people of Wrexham County Borou£h and suttounding aiEas. To create a centre where people can me¢1 and develop the social envirorunenl and to ethance their physical and mental wellbeing. To offtr employmEfLt and vol￿teerIng DPF4lrtwikties to many local peopl4 maknng a vital eontributiOD to the local rllmynity, which includes area5 of depriv￿10￿. To cn5ure th&t th¢ l¢t5ure centre is mailliain￿ for th¢ t￿erIt of fvtute generations. Focus of oui. Ivork Our focus is not just to provide quality leisure aDd recreati¢)nal facilitie5. but also to move for*trd to become a strongei. coinmunity hub. In thi5 way we will also be abk to continue to worfrwith loul group5 and org8nÉ5atiOTL5 tts be inclusive. Public bentfit The Tn￿ confwm th¢y hjve CtiTried out the chartty's pwposes for the publi¢ benefil. M8jor funding We would like to place on record our appreciation of all the given to the Tn]st during the fthancial year, that of previou5 years and duriiig the Covid PaThdemi¢. this ongoitig suppjrthas beeji ¢wcial to the Trnst. P85r fiu)din8 received from the Welsh Gov¢mm¢nt to cover a pJY)8fdmme of e&sential wo￿, whi¢h was Completed in 2017118. has substantially improved the quality and enjoyinent oFihe facdities. Following a fiwther Collununity FacilitLes grant from Welsh Governmerht woik 1$ currently in progres$ to re￿rbish the pool changing rooms. As th¢re ate still major projects, tssential to our oTr80sn8 plans thal need to be progr¢5sed, we are aclively seekin8 an extension to our Ic3se and fvnding to rtfurbi5h OUT pool. We will ¢ontuiue to sthye to achieve our ortgoing program to llnprove ttLe Ccntre. TI￿ouBl)0ut the Pandemi¢ w¢ received Rcsilience Fw)ding from the W¢ith Govemmeth and benefited from the furlough schcrnc to en8ble us to retain otsr staff. both Schemes were a huge support. During die pandemi¢ the Trustees and ￿aff had to find 8lten)arive incorne streanLS which wert 'on¢-off' none recurring sources of Trt¢ome. This funduo was crucial dursng this difficulc period and included an insurdnce claiin Ie Ios5 of eainings, covid and siTr)il8r grants and our premises being used as a vaccination centre. T]*se funds iotral £176.689 and shows in ihe none re¢urring incom¢ section of our a¢¢ounts (page 20) however it must be noted tliat these are one off Fdyrnents. In partDer5hip with the Lu81 HEalth Board, we are in the process of knnging forward a foc*1 project which will brin8 local residents together for a meal every week and will lead to education on food waste. nutrition and cooking cla5%5. WheLI we opened th¢ Centt'¢ we aquired o twenty year lease which 1$ reducing very quickly, our dis¢us%&on with WCBC to exteiid this to 8 long term lease are being [￿all$¢d and 8 report is du¢ to go to the WCBC Execu¢ive Board. The start of 2022 showed our positlOD hd ¢ontinued to 80 from strength to strengtl following (he COVID 19 pandemic some rebuilding had to bc done again but we came throllBh arbd I hov¢ every confidence that WSth our staff, the Boaid and volunteers. we will continut to succeed. l am gratefvl to everyone fvr their 5UPPDrt. ACHIEVEMEKf AND PERFORMANCE Fillajkces lii this year we consolidated <)ur position with a fitrther s￿￿luS of £194.195 (2ty20 a defi¢it of £126.639). FINANCIAL RCI VIEW Rtseryes policy Th¢ charitys aim is to hold r¢seryes at a mitjimum level suffLcient to cover 3 month5 Worth of workitig capital cosL Pa8e I Splash Cornrnunity Trust Ymddiriedolacth GyJNunedol Sblash Report of the Trustees for the Ye•r Ended 30 Nov¢mber 2021 STRucfuRE, GOVERNANCE AND MANAGEMENT Goveriiing document Th¢ ¢h8rity is conirolled by its governin8 documenl. a deed of trust. and ¢onstitut&8 a limlted company. limited by guar8nteE. a8 d¢fu)ed by the Companies A¢t 2(K)6. Structure and gov¢rD#n¢e The director5 of the cornpgny Bre also eharity lrnstees. Under the wuirements of th¢ memornndum and ariicles of association. the members are ele¢ted 10 s¢rve for f4 pul￿4 of 3 years. after which they inusi be re-elecied at the next Annual GeneL71 MeeiiTr& All I￿￿te&s give their time vohmtatily and receive no benefits from the charity. Recrnitment and 8ppointmeDt of new trustees Th¢ d￿￿tor￿trUSte¢s ¢n5ure that the nEed5 of cotnfftunity Inist aTe met by the diveysiry of skills elected io the board. which we would like to see sttengihert. All po*nii&l directors I t￿$[eeS must provide us with ¢vid¢Dv of iheir ski115 8Dd experience. Induction and training of new trLLStees All trustee5 ate encouraged to be activety ￿VOlVed wtth our WOTk and as pan of their induction *e given the'Essential Trustees Guide, published by the ¢harities tommission. Risk managcment The dirttioT5 conduct a review of the major risks to whith the charity is exposed. This is reviewed and uwfa¢¢d on an ongoing basis. Systems and provdurc4 are establishcd, wher¢ pproprilfr. in order to mitigate potential risk. RecruItme￿t 2nd Appointment of trustees The dire¢iorsltrustees ensure that the needs of our COEnmurtity trt￿ a￿ mei by the diversty of skilis elected to the boaixl, whtch we woutd lik¢ to see strengthen. All poiential directors l trusree5 rn￿1 provi￿ us with evidence of ther skills and experi¢nce. Induelion and training of new trustees AII trustees are encoutaged EO be activety involved with our work 2tKI Is part of their itlduction att giyen the 'Essential Tr￿stetS Guide. published by IhE charitie5 commission. nF5k manggernent The directOTS conduct a review of th¢ major risks to which thc charity is exposed. Thi$ is reviewed ènd updated on an ongoÈn£ basis. Systems and Fyocedtsres ar¢ ¢stablithed.where apwJprial¢, in order to mitigate pofrntiBI risk. REFERENCE AND ADMINI￿RATIVE DrfAILS Registered Comp¥tny nurnber 09010565 (Englalld and Wales) RtgFster¢d Charity number 1161937 Registered offiee Pla5 Mado¢ Leiswe Centre Plas Madoc Acrefair Wi?xh&m LL14 3HL Trusie S Matthews (Chair of the board of Tn[st￿} J M Robert5 (S¢crecaiy) R Prescott (Trea511rer) Mts A Evans Ms A. E Parry D L Poole M I Roberts Mrs A M Siaff¢r Page 2 Spl4sh Community Trust Ymddiriedojaeth Gymunedol Sblas Repoi"¢ ofthe Trustees lor ¢ht Ye4r End¢d 30 November 2021 REFERENCE AND ADMINISTRATIVE DETAIIS Auditors Haines Watts Chester Limited Military Hou5C 24 Caslle Street Chester Cheshire CHI 2DS ST ATEMENT OF TRUSTEES, IIESPONSJBILETIES The trustees (who ate also the directo￿ of Spl&sh Community Tnst Ymddiriedola¢th Gyinunedol Sbl&sh foi th¢ purposes of ¢ompany law) a￿ r¢sponsible for preparing the Report of the Tn￿tee5 attd tjbe fmancial starements in cordance with appli¢able law and Uniied Kin8doTn A¢¢ouRtu￿ Stsndards (United Kin8dom Generally Accepted A¢¢ounting Prdctice). Company law iEqUTrcs the trustees to prerAre financial statements for each fiTrancial year which giVE a true and fair view of tlie stak of affaws of the charitable tompany and of the incomiTh8 resour¢es and application of irsourGes, iDGluding the income and expendits]re, of the charitable company for that period. In pr¢patxtiB ¢hos¢ fLnanCI￿ stsrements, the tNstees ftre required io select suitable a¢couDiing polictes and theD apply them consis(endr. observe the meihods and principles in the Charity SORP.. make judgements and estimates thai are reasonable and prndent; PLepare ihe fmancial Scaiemenis on the going con¢rtn basis unless it is inappropriate to Presu￿ that the charitsble company will coniinue in bu5ine5S. The kn'uslccs are resp)nsible for kecpiTh8 proper accountin8 rcconls whKh disclose with reasonable accuracy at any tim¢ Ihe financial position of the charitable company and to enable them tD ensure that the fio8rt¢ial statements comply with the Conipanies Act 2006. Thty are also responsible for safeguarding the 8&8ets of the charitable company aTLd hence for laking reasonable steps for the prevention and detection of fraud aThJ othEr irregularities. In so fir as the truste￿ are awaTe'. there is no teleYanta(]dit infomjacion of1￿]I(h the charitabl¢ companys auditot5 are uoawate,. and the trustees have iaken 211 step5 that they ought to have tsken to nkake themselv¢s aware of any relevant audit irtforn)aiion and to esthblith tha( the auditors are awar¢ of that iDfornRtion. AUDITORS The audiiors. Haines Watts Cl￿ Limited. will be proposed for r¢-&p￿IntmUlt at the forthcornrng Annu31 General MeetirLg. 2LI.tl.LL Approved by order of the board of trttstse5 Oll .......... . .... . .. . and sign¢d on its b¢half by.. 5(5(4 S Maiihews- T Page 3 Re￿rt of Ihe IDdependellt Auditors to the Members of Spl85h Community Trust Ymddiriedolaeth Cymunedol Sb14sh Opiiiion We Iiave audited th¢ fLll8ncial statements of Splash Community Tn￿t Ymddiriedolaeth Gymunedol Sbl&sh (the '¢karitable COrnpan￿ for the year ended 30 Novmiber 2021 which COTnpTise the Statement of Financial Activities. th¢ Bal￿]ce ShEet. the Cash Flow Ststement and note5 to the financial siatements. including a su]Tunary of signifi¢ant accounting poli¢ie5. The fm&n¢ial Tep)rting fra￿¢WOrk that has been applied in their preparation is applicable law and United KingdoFn Ac￿untIng Stsnthrds OJnit¢d Kingdoin GeDetally Attepka A¢eouniing Pracli¢¢). ollr opinion the fjnancial statements.. give a true and fatr view of Ihe state of the chatitable compan￿$ aff&irs as at 30 Nov¢mber 2021 aod OF it5 iftcornin8 resources and application of r¢source4 includin8 its incom¢ and expcndituie. for the ycar thei) ended" have been property prepared in accordance with Unitrd Kitlgdom G¢nerally Aceepted Accounttng PrEctice- and have been prepared in a¢cordaDce wiib ihe req￿￿e[￿ents of th¢ Companie5 Act2006. B¥s13 tor oplnlon We conducted our audi¢ in accordance wilh International StaThdards on Auditing IUK) (ISAS (UK)) and applicable jaw. Our i"¢$ponsibililies under those standard5 ar¢ fiuther deSCTibed in the Audito￿. rc5ponsibilities for tbe audit of the f￿ancial statements section of our report. We are independent of the chaTitsble company in accord￿¢¢ wtth the ethical requirements that arc televartt to audit of the financisl statements in the UK includtng the FRCS Ethical Standard. and we have fulfilled our other ethical T85pon5ibilities in a¢cordance with thes¢ requirements. W¢ believ¢ that th¢ audit evidence we hjve obtained is Sufficient 8nd appropriaie to provide a basi$ for our opinion. M&terial uncertsinty relating to gotng eothcern In 8vditing the finan¢i81 slatemenis, wc have concluded that the trugee¢ use ofihe goinE ¢on¢ern basi5 of ac¢ounring in the preparaiion of the fujancial staiem¢nls is appmpriate. Based on the WO￿ we have p¢rfomed. we have not ideniified any malerial uTh¢ertaintie5 relèting to events or conditions th8L individually or collectively, may signifi¢ani doubt on the charirabl¢ ¢ornpany's ability to coniinue &5 a going ¢on¢em for a period ofai l¢asi twelve months frorn when the financialstatemejits are authorised for issue. Our Tesponsibilities and the responsibiliti¢s of the trusiets Wlth re5pe¢t lo going concern are d¢scrsbed in th¢ relevant tions of this E¢POrt Other information The tsustees are responsible for the other information. The other information ¢ompri5Es the information inCh￿¢d in the Annual Report, other than the finan¢%al 5tatefflents and our Report of th¢ Independent Avditors tlicreon. Our opinion on the financial statements does not cover the other Inforn￿tion aThl. cxcept to the extent otherwise explicitly stated in our report, we do not express any foTm of assutaTL¢e ¢on¢lusioTh thrreon. In conn¢ction with our.avdit of the firhancial statements. Our JE5ponsibility is to read the other inforniation and. in doiTh8 so. ¢onsider whetl)er the oiher infoTmaiion 15 materialty inconsistent with the financial 5tratetnents or 0￿r knowledge obtained in the audit or otherwise appEar5 tv be materially missiated. If we identify su¢h material inconsisiencies or ppaTent matersal rnis5tatements, we are required io determine whether this gives rise to a material Inisst8temeTht in ihc fJm8nciAI statements them5elve5. If. ba5cd on the WOTk we have wfom)¢d. we conclude ihat there is a m8teYi81 misstatemefit of this oihtr informatioD, we are required to report that fact We hav¢ nothing to report in thi5 IEgard. Opinions on other matt¢rs prestribed by the Comp¥ni¢5 Att 2006 In oui. opinion, based on the work undertakell in the coutse of the audiL the information ￿Ven in th¢ Report of the Trustees for the fjtwicial year for which the fllwieial statements are prepared is consistent with ibe fmattcial siatemellts. and the Report oft￿¢ TnJste&s been prepared in 8ccoidaDtt with applicable legal requ1￿Ments. Page 4 Report of the IndepeJJdentAudhors to the Member5 of Spl&sh Cornmunity Trust Ymddlriedolaetb Gyfftuuedol SblR5h Matters on whith lye *re required to report by exceptiou In the light of th¢ knowledge arld undewstandj.ng of Ihe charitable company and its ¢nvironmeni obtained in the course of the audi4 we have not identifieA4 m&l¢rial mi&statements in th¢ Report of the Trustees. We have nolhin8to rcport in res￿ of the followitL8 matteT5 where the CoDJpaLiiC5 Act2006 Tequires us to rEPDrt to you if, in tsupopinioi).. adequate accounting iEcords have ￿0t b¢en kept or rrtums adwuat¢ for ow audit have not been received from bTaTbch¢s not visited by us- or the fLn8ncial statements are not in agI￿rneDt with the accountthg record5 ￿Um5. or cerlain disclosures of trustees, rcmuneration specified by law #ie Dot made- or we have not received all the iRfoJ7rtation and explanatioDS we require for our audit- or . the trustees wcre nirt entitled to tske advantage of the smill compttThies exemption from the r4U1￿ment io pyepare ' Sttategic Report or in prep8rÉng the Report of the Tntsm. R&spottsibilities of trustees As explained more fully in the Statonent of Tn￿ee5, R¢5POJLsibilitie4 the trustets (who art also the directorn of the ch8r£table Company for the purposes of cOMp8￿Y 18w) ate responsible for th Ew)arntion of the f￿aTre1￿[ st8temuRts and for being satisfied that they 8tve a tsue aod fair vrew, and for sllch internal l as the trusttes deTrmiiDe i5 D¢ces5ary to enable the preparation olfin8ncial statenwits that are frct from Ma￿rEal tu5￿tatemen( whether due to fraud or entsr. In prepariug the financial ststements, the trustees are restb)nsible for assessing the ch￿l￿ble companls abilty to ontimue as a going conc¢rn, disclosiD& as appIl￿ble. matters related to going concern and usillg th¢ going concern basis of accouoting unless the truste&% either intend ro'liquidate the charitsble comp3Dy or to ¢eas¢ opeTation5. OT have no r¢alistic alternative but to do so. Oitr responsibilittes for the audit ortbe fin8ncial 5tate]Deryls Our ObJ￿(l¥e5 ale to obtsin reasoniblr a55unn¢e about whether the fio*ici31 statements as a WI￿1¢ are free from Mat￿.la1 mffi5Statemelll, whether due to fraud or eLTor. and to i55ue a Report of the Ind¢pendeAt Auditors that iDclud&s our opittion. Re8sonable assuranc¢ ys 8 high level of 2$5urance. but is not a guarantee that an 8udit conducted in accorda￿¥ with ISAS (UK) will alvdyS detect a material misstatemeDt when it exists. Mi&8tstements aris¢ from fraud or eiiDr and are considered material if, individually or in aggregate. they could rea%mably be expected to iotlu¢n¢e the economic decisions of users l¥Jten on the Ixsss of these financial siatemcots. The exteni to whicb our procedtsrts atc ¢apable of detKting itrtgularitie4 irKJydwg fraud is detailed below: Ettquiry of managemen¢ those etwrgod wiib governanrx around a¢wal and ￿tential litigation 8nd claims. Reviewing fin8ncial statement disclosures and t¢siin8 to supporting documentatton ￿ assess compltallce with applicable laws and regulation5. AuditlDg the risk of Enana8¢mtDt ov¢Jride of controls, includLn8 through tC5tsng Je￿￿]81 entries and othei. adjustments foi. appropTiat£ne55, and Gvaluating the business ralioffiale of SiBDificatti trartsactions outside the normal cow￿¢ of business. A fiuther de5crrptron of our rc5pon5ibiiities for the audit of thc fjnan¢ial statements is Iwted oth the Financtal Reportitig Council's website at ww.frC.O￿vklaudlt0rsrespOnSlbIJltle$. This description forn)s part of oui. Report of the tndependent Auditor5. Page S Report of the Independent Auditors to lh¢ M¢rnbers or Spl#sh CoThmunity Trust Ymddiriedolaeth GyrnuJLedol Sbiash Usc of our riport This report )% made solely to the ¢haiitable comp8n￿5 members. a5 a body, in accordance with ChaptEr 3 of Part 16 of Ih¢ Companies Aci 2006. OUT audil work has been underidken so Ihai we mighi staic 10 Ihc charitablc cotnpany's emher5 Ih05e matie¥s wc are Tequircd 10 51aie 10 Ihcm in an audilOTS' report and for no oih¢r purposc. To ihe fvllest exienl pemii11ed by law. we do noi accepi or assume responsibilily lo anyone other ihao the charitable company atld the charitable companys members as a trM>dy. for our audii work. for thLS l¢POrt. or for the opjniorts we havc formed. Micharl Forshaw BA FCA (Senior Sralui¢)ry Audiior} roi" and on bcholf nf Flainc.s WaiLS Chcsl¢r Ljmii Military Hou5C 24 Casile Sfrecr Chcsier CheshiTe CH12DS Dare". Page 6 Spl¥b Communily Trust Ymddiriedolaeth Cyrnllnedol Sbl25h StatemElIt of Finaiicial Activities lor the Year Ended JO November 2021 30.11.21 TotBI fijnds 30.11.20 Total funds Unttstricled Restrict fur fvnds Notes INCOME AND ENDOWMENTS FROM Donations and lewdcie5 184.773 90.248 275,021 176.750 Other ¢haiitable &ctivtties 533,470 538.370 359,161 Total 718243 95.148 813.391 535,911 EXPENDRTURE OPI Raising fund5 51.979 1.51)0 53.479 59,604 Olher 492,676 90249 582,925 602,946 Total 544,655 91,749 636.404 662,550 LYET INCOMEI{EXPENDITURE) 173.588 3399 176,987 (126,639) RECONCILIATION OF FUNDS Tot8l fund$ brought forw8Td 69.375 24.000 93.375 220.014 TOTAL FUNDS CARRIED FORWARD 242.963 27,399 270.362 93.375 The forn! part of these fjnancial stat¢mc] Page 7 Splash Cornmunity Tryst Ymddiriedolaeth CymxDedol Sb125h Baiaiice Sheet 30 November 2021 30.11.21 Total fimds 30.11.20 Total fvn& Unrestricted Restrithd fund funds Noic5 FIXED ASSETS Tartgible asset$ 10 124.156 124.156 145.704 CURRENT ASSETS Stocks Debtors Cash at bank and rn hand 700 40,977 214,976 700 40,977 402.128 700 13,486 128,176 12 187,152 256,653 187.152 .443,805 142.362 CREDITORS Amounts falling due withtn one year 13 (76,935) (159.752) (236,687) (93,119) NET CURRENT ASSETS 179.718 27,400 207.118 49.243 TOTAL ASSETS LLSS CURRENT LIABILITIES 303,874 27.400 331.274 194,947 CREDrroRS Amounts falling due after than one year 14 (60.912> (60,912) 1101.572) NEIT ASSETS 242.962 27.400 270.362 93.375 FUNDS UruEstricted furlds Rvsty'icted fijnds 17 242,962 27.40D 69,375 24,000 TOTAL FUNI)S 270.362 93.375 These financial 5tateTnents have been prcpared in a¢cordarte with the provi5i0Th5 applicable to Ch￿1t￿ble companies subject to the small companies legime. The financial statemenrs were approved by the B0￿d of Trustees and authorised for issue on 2L I tI.L.L............. Ind were Si￿ed ott its behalf by. S Matthews. Tiust¢e The notes fomi part of these financial statements Pa8e 8 Splash Community Trn5t Ymddiriedokneth Gymunedol Sbl*sh C2511 Flow Statement for the Year Ended 30 NovernbEr 2021 30.11.21 30.11.20 Notes Cssh tlows from operating aetivities Cash generated from operdtions 327.551 (72,269) Net cash wvided byl[used in) operatingactiyities 327.551 (72.269) Cash Ilows from investing activities Purchase of ian8ible frAed asse (2.691) (58,587) Net cash used Élk investing 8¢iivities (2.691) {58,587) Cash flows from finan¢ing 8ctivitiÈS New loans in year Loan repaynents in y¢ar 96,697 (4.850) (50,908) Net rash (use Goin nce The effects of the Covid 19 Pandemic conlinued to have a sAgnific4nt impact on the TnTsVs ability to trade. The Centre was been closed for SLgnLficanr parts of ihe ye4r due to lockdo1￿]. The Trust man8gerneni have raken hll neee$5ary steps to mainlakn IKquidity but minimising all OP¢Taiing costs a5 far as t￿￿ible. lltcluding utilising the Gove[ru￿ent fisrlough scheme. 7liey were also able to Secure additional income from hiring out of the premises as use as & covid hub. Ai th¢ date of appmving the a¢cow)t5, the ts￿st I￿S been able to rnainiain a good kvel of liquidity In addi(ion.all Covid T<ridions have now been lifted. allowiiig the Centre to OPEI'ate as usval. Covid rates coniinue to Iluctuate but hospitalisations have rnlueed significant with indi¢aiiOli that Restrictions will be re-introdu¢ed in the near fiJDJre. In light of this the TnJstees have considered the Trus1$ ability to contirue tr8din8 and expect thaL based on tumt expecraii05]s. the Tntst can coniinue to trad¢ for a period of at least ihe D¢Xt 12 nionths from the date the account5 are approved. On this basis, the Trvstees Consider il apptopri8te to PITpare the a¢¢ouTk15 on the going ¢oncern basis. Income All income is rewi5ed in the Sialement of Financial A¢tivities on¢¢ the charity b&s entLtIEment ts) th¢ fund5, il i5 probable that the tncome will be rec£iTKd and the arnount f8n be rneasLred reliabty. Expenditure Liabiliti¢s are tecogllised as expertdttutt as soon as there i5 a legal or consttuciive obligation coinrnR(ting the charity to tbat cxpcnditurq it is probable rfiat a transfer of cconomir bcnefits will k required in settlement and the arnount of th¢ obligation can be meaLsured reliably. Expenditure is accounted for on a¢ouals ba515 and has been classified LEtKler ht4dtngs that a8gregate all cosf rela￿￿ to the category. whe￿ costs cannot be directly attributed io particular hradlngs th¢y have been 3llocatcd to activitie5 on a ba5t5 ¢onsisteni wi¢h the use of re50urw. Tangible fExed assets Depittiaiion is provided ai thc following annual tales in ordet to wrtste off each asset over its estimatcd useful Leasehold propcrty Plant and ma¢hin¢ry FixEurc5 and fittin85 Cornputer equipment over thr life of the lease 20% on reducin8 balance 20% on reducing balance 2(PA oft re Coytht yeor 298 (126.6391 Noae re¢urrlDg lueome: Insurnnce claiiD Re 1055 of eaminEs CoY5d ind stmi18r Gr8rtts rtteived Use of Premises &s v•ccination 66,327 65.387 44375 Thi5 pag¢ do¢$ not fwn pth of the sktuiory financial statements Page 20