Chartty number: 1174087
THE SCHOOLS CONSENT PROJECT
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
RPG Crouch Chapman LLP
Chartered Accountants & Statytory Audltor
40 Gracechurth Street
London
EC3V OBT

THE SCHOOLS CON8ENT PROJECT
CONTENT8
Page
Roferencg and admlnl8trativo dotalls of tho Charfty. Its Trustsol and advlsgrn
TrustoM' report
Ind•pendgnt examlnets roport
Slat6mont of Ilnancial activiti88
ealanco •hoot
Notes to tho flnanclal ot•tsmonts
8-14

THE SCHOOLS CONSENT PROJECT
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustoas
lan Ryan
Luke Ramsden
Chrlstopher Henley KC
Alexandra Carr
Julianne Hughes-Jennea
Camilla Boyer
Tito Soso (appointed 23 November 2023)
Nlck West (appointed 23 November 2023)
Charlty rngl8tsrnd
numb•r
1174087
Prfnclpal offlco
5 Paper Buildin98
Temple
London
EC4Y 7H8
A¢eountant•
RPGCC
Chartered Accountants and Roglstered Audltor8
40 Gracechurch Street
London
EC3V OBT
Page 1

THE SCHOOLS CON8ENT PROJECT
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together bmth the financlal statements of the The Schools Consent
Project for the year 1 Septsmber 2023 to 31 August 2024.
Objectivos and a¢tlvitlès
Policies and obJectiv8S
The objéctlve of the ch8rity18 to advance the educalion of young people In the sublecl of sexual consent and the
law, in particular but not exclusively by dellvering workshops in schools to 11-18 year olds.
In 8ettlng obledves and plannSng for actlv6tie8, the Tru8teès have given dué t￿nsIderatIOn to gèneral guldanc8
published by the Charlty Commlssion relating to public benefft, includlng the guldance 'Public benefft: Nnning
¢harlly (PB2}'.
b. A¢tlvltl•• und•rtak•n to achl•vo obJectlv88
We athleve our tharStable objective by dellverlng hour-long lawyer-led workshops to 11-1 B year old8 on, Inter
alia, the legal deflnitlon of consent, how to Identlfy wnsersl. bystander Intervention, the offenceB of rape, Sexual
a85ault and 'sexting', the ages of con8ent, and optlon8 In the event of an a58au￿.
For the perfod klentSllod above, the charity ha8 wovlded consent educallon to thousandg of young people
through hundred8 of workshops. The Gharity conts'nu88 to operate nats'onwide, *rJrf(ing princlpally in London and
Ihe South East.
The charlty8 purp088 IJ beneficl81,' beneficlarles include a suffiaenl s8Ctlon of the publlc (8chool ago
chlldren).
Achlevemonts and porft>rmanca
. Maln achlovomgnt• of tho Ch•rity
Deliveflng 418 workshops on consent;
Educatlng approximately 14,630 young people.,
Generallng revenues of £315,953, An Increase In 49% from the previou8 year. enabllng us to make further
hires and contlnue to 3ub8idlse our State 8chool workshops-
Contlnulng to provlde our young adult consent vthshops to the Eng118h Football Laagua,.
Continuing to provldg our young adult con8ent thQfk8hop to the Royal Air For￿.
Flnonclal revlow
. oolng concom
After making approprlate enquiM•s, the Trustees have a reason8bla expectatlon that tha Charity has adequate
rnsources to continue in operational existence IOT the loregeeable future. For this reason, they continue to adopt
the going concem basls In preparfng the financial statements. Further delBII8 regardlng the adoptlon of the going
concem basi5 can be found In Ihe accountlng policies.
b. Rog•rvo9 pollcy
The charity aims to maintsin freo reser4es to cover at least slx months expenditure.
Page 2

THE SCHOOLS CONSENT PROJECT
TRUSTEES, REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
¢. Prlncipal rlsks and uncertalnties
The charivs principle risk relate6 to safeguarding. Step5 taken to manage this ri8k include:
Enhanced DBS checks on all volunteers",
Rigorous training and recruitment process;
Oisclosure and safeguarding policy and procedures.,
Disclosure and Safeguarding trainlng for 811 staff-
Designated Safeguarding Lead on Board.,
Designated Safeguarding Lead on Executfr4e".
Culture of infoTmatlon sharing wlthin Charity.,
Spot-checking volunteets during workshops.
d. Datall•d Revlew
A8 shown In ihe slalement of frnancial activity, the charSty had income of £315,953 12023.. £211,309) and
expendIlu￿ of £233,935 12023.. £111.6831, all of which represents unrestricted, general funds. The resulting
surplus amounts lo £82,018 12023.. £99,626), which, added lo funds brought forward from the previous yeaf of
£168,892, resutts in total unrestncted funds at the year end of £250,910.
Structurei govgm•n¢e and m•n•gemont
. Constltullon
The Schoo18 Con88nt Project 1$ a registered charlty, number 1174087, and ig constliuted under a consitltutlon.
b. Mothod8 of appolntment or electlon of Tru•tees
The management of the Charlty 18 the Te$pon8ibillty of the Tru81e88 who aro 8ppolnted by the Chalr In
accordance with paragraph 10.1 of our constllullon
. Organl•atlon•l 8tructuro and dèc181onwmaklng poll¢lg•
There are iw? tiers to the govemanrA of the charity: Executiv? and the Tru$loe Board ('thè Board,).
The Executlve Is In charge of the day-ttrday functionlng and admhlstratlon of the charity. The Founder ha8
overall overyJlght of the Executive.
The Board is li charge of revlewing the charlty's financlal posrtion and ensunng tt Is continuing to fiJlffil
charitable oblective. The Board revlews our internal policies and procedures annually. The Board ha8 OV8r8lght
of the Executive. and acts in an advisory capacity to the Founder.
The Board presentty consists of elght trustees", the Executlve consigts of five staff (Founder, Director, Operation8
Manager, Adminlstrator x 2).
Page 3

THE SCHOOLS CONSENT PROJECT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
8tructure, govemanco Ind manag•m•nt Icontinuad)
d. Pollcles adopt•d for the Induction and training of Trustees
Pursuant to the charity's constitution, each Iruslee receives the following on appolntmont..
copy of the conslitullon
- a copy of the latest annual report
a copy of the lalesl slatem8nt of accounts
- a copy of the Code of Conduct for Trusleeg
copy of the Essential Trustee
- Charfty Commission Safeguarding Guldance for Tru8ts8s
- safeguarding trainlng
8tstsmont of Tru$tws' rnJpon•lbllltlo•
The Trusleas are reJpan51ble for weparlng the Truslee8' f8POrt and tho finanBlal 81atements kn accofdance
applicable law and Unlted Klngdom Ac¢ountlng Standards (Unlled Klngdom Generally A¢cepled Accounling
Practlcel.
The th 4Jplicable lo charities In England & Wales requires the Trustees lo prepare fjnancial $tstements for
each financlal year which give a tsue and fair vlew of the state of affairs of the Charity Bnd of rtg incomlng
re8ource8 and appllcallon ol resources, Including tt8 income expenditure, for that perfod. In preparfng the88
financlal statements, the Trustees are required to:
8elect sultable accountlng policles and then appty them consistently.,
observe the methods and prfn¢iple8 of the Charities SORP (FRS 102).,
make judgments and accounllng estlmates that are reasonablo and prudent.,
stale ￿ether appllcable UK Accounting Standards (FRS 102) have been followed, subject to any materlal
departures dlsdosed and explained In the financlal 8tatement8:
prepare the financlBI statements ijn th& golng concem bas18 unless tt is inappropriate to p￿surne that the
Charlty wlll conllnue in buslness.
The Trustees are respon81ble for keeping adequale accounllng records that are sufflclent to show and explaln
the Charity's tran8action8 and dlsclose reasonable accuracy at any time the flnan¢ial posltlon of the Charlty
and enable them to on8ure Ihat the financial 8tatementg Comply with the Charitie8 Act 2011, the Chanty
(Accounis and Reportg) Regulations 2008 and the provision8 of the Trugt deed. They are also responsible for
safeguardlng the a89018 of the Charity and hence lof taking reosonabl8 81eps for the pr8venllon 8nd detection of
fraud and other irregularlliej,
Approved by order of the members of the board of Trustees and $lgned on thelr behalf by..
m8d
Chair
Date..
o/od&£
Page 4

THE SCHOOLS CONSENT PROJECT
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Indepèndent examiner's report to th• TrugteeG of The School8 Consent Projoct (Iho Charfty?
I report to the chanty Trustees on my examination of the accounts of the Charity for the year ended 31 August
2024.
Re8ponslbllltlos and bag18 of rèport
AS the Trustees of the Charlty you are responsible for the pr&parat￿n of the accounts in accordanc8 ￿￿th the
requirement¥ of the Charitses AGt 2011 {'the 2011 Acf).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrylng out my examination I have followed the aN)licable Dlrections given by the Charity Commlsslon under
section 14515}¢b} of the 2011 Act.
Indopondent •xamln&rf8 8tatomont
Slnce the Charlty's gross Income exceeded £250,000 your examiner must be a member of a body 16sled In
section 145 of the 2011 Act. l confirm that l am qualified lo undertake the examlnatlon because l am a member
of the Institute of Chartered Accounlants in England and Wales, which is one of the listed bodies.
Your attention is drawn lo the fact that the Charity has prepa￿d the accounls in accordance wilh Accounting and
Reporting by Charities.. Statement of Recommended Pracllce applicable to charities preparing their accounts in
accordan¢e with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 1021 in
p￿ference to the Accounting and Reportlng by Charities.. Stslemenl of Recommended Practice issued on 1 April
2005 whlch Is referred to in the exlant regulations bul has b8en withdrawn.
l under8tand that thi8 h88 been done In order for Ihe accounts to provide a Inje snd fair vlew in accordance vlth
the Generally Accepted Accounting Practlce effective for reportlng perlod$ beginnlng on or after 1 January 2015.
I have completed my examination. I confirm Ihat no matter8 have come to my attentlon In connection ￿th the
examinatlon givlng me cause to belleve that In any materlal respect..
accounting records were not kept In respect of the Chartty as requlred by section 130 of the 2011 Act; or
the accounts do not accord those records,. or
thè accounls do r￿1 comply with the appllcabl8 requirements concerning the form and conlenl of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other ihan any requirement
that tho accounts give a 'lrue and fair, view which is nol a malter considered as part of an independent
examination.
I have no concerns have come across no other matters In connection with the examination to thich
ottenb'on 8hould be drawn in this report in order to enabte a proper understanding of the accounts to be reached.
Thls report is made solely to the CharilyS Trustees, as 8 body, in aKordan¢e thfjlh Part 4 of the Charllles
(Accounts and Reports) Regulations 2008. My work ha8 been undertaken so that I mlght state to the Charily's
Trustees those matters l am required to State to them in ￿ inde￿ndent examinerfs report and for nD Other
purpose. To the fullest extent pemitted by law, I do not accept or assume responslbility to anyone other Ihan the
Charity and the C
ity's Trustees as a body. for my work or for thls report.
Srgned:
- Q3/c£/
Je￿rnY Tyrrell FCA
40 GracechuTch Street, London, EC3V OBT
Pag8 5

THE SCHOOLS CONSENT PROJECT
STATEAIENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
As restated
Total
funds
2023
Unro$trlcted
fundg
2024
Total
funds
2024
Incom• from:
Donations and legacies
Charitable acllvilies
106,39S
210,551
105,396
210,658
124,870
86,439
Total Incomo
315.953
315,963
211,309
Expondltura on:
Ralslng fund8
Charllable advliles
111
233,824
10,5TO
101, 113
233,824
Totsl eX￿ndIt￿r•
233,935
233,936
111,683
Net movemont In fund8
82,018
82,018
99.626
Roconclllatlon of fund•:
Total fund8 brought forward
Net movement in fund8
168,892
82,018
168,892
82,018
69,266
99,626
Total fund• carrlod foNn4rd
250,910
250,910
168.892
The Statement of flnanclal acUvi1188 Indude8 811 galn8 and1088e8 reLYJgni8ed In the year.
The note8 on page8 8 to 14 fomi part of thes8 financlal 8tatements.
Page 6

THE SCHOOLS CONSENT PROJECT
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Noto
Curr•nt assets
Debtors
Cash at bank and in hand
11
9,951
260,304
2,750
170,435
270,255
173,185
Creditors: amounts falling due within one
year
12
(19,3451
(4,293)
Net current 09gets
250,910
168,892
Totsl a88ets 1888 current Ilabllltleg
250,910
168,892
Total not assets
250,910
168,892
Chorlty fund•
Unre8trlcted funds
250,910
168.892
Total fundi
250,910
168,892
The financial Statements were approved and aulhoriged for issue by the Trustee8 and 51gned on their behaw by..
Luko Ram8d•n
Chair
Date:
The note8 on page8 810 14 fom part of the8e financlal statements.
Page 7

THE SCHOOL8 CONSENT PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Gonoral Informatlon
The Charity 18 a CIO registered with the Charity Commission in England and Wales, charity number
1174087.119 registered address Is S Paper 8ulldings, Temple, London, EC4Y 7HB. The principal activities
of the CIO Is to advise young people In Ihe subject of Sexual consent and tha law.
Aecounting pollcias
11 Baols of preparation of financlal ststsments
The financSal 61at8m8nts have been prepared In accofdane8 ￿th thg Charitles SORP (FRS 102) -
Accounttng and Reporting by Charrties.. Statement of Recommended Practice applicable to charllies
preparing their aGcounls In accordance ￿th the Financial Reporting Standard applicable In the UK
and Republic of Ireland {FRS 102) leffecllve 1 January 2019), the Financial Reporting Stsndard
applicable the UK and Republic of Ireland (FRS 102) and the Charll8s Act 2011.
The financial statements have been prepared to give a Irue and falrf vlew and have departed from
the Charille$ (Accounts and Reports) Regulations 2008 only to the extent ￿qUIred to provide a Irue
and fairf view. Th18 departure has inVo￿ed following the Charities SORP IFRS 102) published In
Oclob8r 2019 rather than the Accounting and Reporting by Charilie8'. Statement ol Recommended
PractEce effecllve from 1 Aprll 2005 whlch has since been withdrawn.
The Schools Conserrt Projed meels the definition of a public benefit entity under FRS 102. Assels
and liabllltie3 a￿ initlally recognised at hlstorical cost or trdnsaclion value unless otherwlse stated in
the relevant accounllng pollcy.
2.2 Income
All Incorne is recognised once the Charity ha8 ￿tItlernent to the Income, ft is probable that the
Income vthll be received and the amount of income receivable can be me8sur8d rellably.
2.3 Expondltur•
Expenditu￿ 18 recognised once Ih8re is a legal or constru¢live obligallon to transfer economlc benefit
to a th￿rd paty, It Ss Probable that a transfer of economlc boneflts will be requlréd in settlement and
the amwnt of the obligali¢)n Can be measured rellably. Expenditu￿ is cla881fied by activlly. The costs
of each activity are made up of the lolal of direct costs and shared costs, including support costs
volved in undertaking each actlvity. Direct C08ts attributable to a slngle acllvlty are allocated direclty
to that activlty. Shared costs whlch contribute to more than one activity and support costs bthich are
r￿t attrfjbutable to a single activity are apportloned betsveen those acts'vlties on a basls consistent with
the u80 of resources. Central staff costs are allocated on the bas15 of lime gpenl. and depreciation
Charges allocated on the portlon of the asset's use.
Expendtture on rai81ng funds includes all 8xpendrture incurred by the Charlty to ralse funds for Its
charitable purposes and Includes ¢osls of all fundraising a¢llvitie5 évents and non-charrtable tradlng.
Expendlture on charitable activities 18 incurred on directly undertaking the activitle8 ¥thi¢h fvrther the
Charity'g objectlveg, a8 well as any associated support co$ls.
All expenditure is Inclusive of Irrecoverable VAT.
Page 8

THE SCHOOL8 CONSENT PROJECT
NOTES TO THE FINANCIAL 8TATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
A¢¢ountlng polici88 (Contlnued)
2.4 Debtors
Trade and other debtors are recognised at the Settlement amount aftèr any trade discount offered.
Prepayments are valued at the amount prepald net of any trade discounts due.
15 Cash at bank and In hand
Cash at bank and in hand indudes cash and short-térm hlghly Ilquid Investments thryth a short maturfty
of three Months or less from the date of acqulsllion or opening of the deposit or simllar account.
2.6 LlabllItl￿ and provl•lon8
abilities are recognised ￿en there is an obllgats'on at the batance sheet date as a re5uIt of a past
event, It Is probable that a transfer ol economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilit188 are recognised ot th& amount that the Charlty anticlpateg It VAII pay 10 8ettle the debt or the
arnounl It has recalved ag advanced payments for the goods or Services it must prnvlde.
Provl8ions are measured at the best 881imate of the amounts requlred to settl8 the obligation. Where
the effect of the tlme value of money18 material, the provision18 based on the present value of those
ounls, di8counted at Ihe pre-tax discount rate that retlect8 the risks 8pecif4c to the Ilabllity. The
unwinding of the discount is recognised in Ihe 8tatement of financial activities as a finance cost.
2.7 Financlal In•trum8ntB
The Charity only ha8 financlal assets financial liabilib'e8 of a kind that qualify a8 bas￿ fin8nclal
instruments. Ba8lc financial Instruments are initially recognised at transaction value and Subsequently
measured at thelr settlement value Nmth the exceptlon of bank loans are subsequently
measured at amortlsed c08t using the effedive Interest method.
2.8 Pen8lon8
The Charity operates a defined ￿ntribUtIon pnsion scheme and the wnslon charge represents th8
amounts payable by the Charity to the fund in respect of the year.
19 Fund ac¢ountlng
The charlty only has general funds. The88 are unre8trlcted funds vlhlch are avallable for use at th¢
digcretion of the Trustees In furtherance of the general oblectives of the Charlty and thich have not
been de81gn8led for other purpose$.
Crltlcal accountlng e$tlmate8 and argas of ludgment
E$tlmales and judgments are continually evaluated and are based on hislori¢al experience other
factors, including expectations of firture events that ore believed to be reasonable under the
clrcumstances.
Crftical accounting estirnale5 and assumptions..
The Charity makes estimate8 and as8umptlons concerning the future. The resulting aw)unting estimates
and assumptions Vofjll, by definitlon. seldom equal Ihe relaied actual results. However. Ihe Trustees are of
the oplnlon that there are no ests'mates and assumptions that have a signifirAht rt5k of causing a material
adjustment to the carrying amounts of assets and liabllltles ￿1n the next financlal year.
Page 9

THE SCHOOL8 CONSENT PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from donatlon8 and1ogacl88
Unr•8trictsd
funds
2024
Total
funds
2024
Total
funds
2023
Donatlons
105,395
105,395
124,870
TO￿ 2023
124,870
124,870
Incom• fr(Mn ¢harllablo a¢tlvltl••
As reslated
Tot81
rund8
2023
Unrnstrlcted
fund•
2024
Total
funds
2024
Workghops
Corporatè Partnershlps & Trainlng
Volunteer Travel & Relrnbur8ements
101,275
107,700
1,583
101,275
107,700
1,683
63.684
22,532
243
210,558
210,SS8
86,439
Total 2023 as rest8ted
86,439
86,439
Page 1Q

THE SCHOOLS CONSENT PROJECT
NOTES TO THE FINANCIAL 8TATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Expondlturo on rdising funds
Costs of ral8lng voluntsry Income
As rastaled
Tot81
funds
2023
Unrestrlcted
fvnd8
2024
Total
funds
2024
Fundraising costs
111
10,570
Tot812023 es restated
10,570
10,570
Analy81s of •xpandlture by acllvltlo•
ActlvlUe8
undertakan
dlroctty
2024
As restated
Total
funds
2023
Support
Costs
2024
Total
lund•
2024
Charitable expendtture
172,065
81,759
233,824
101, 113
Tot812023 a8 restated
87,441
13,672
tol, 113
Analy818 of dlr•ct Gosts
Page 11

THE 8CHOOLS CONSENT PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditura by actlvities Icontlnued)
Analysls of direct Costs IGontlnu8d)
As rest8t8d
Tot81
lunds
2023
Totsl
funds
2024
Staff costs
other exp8ndlture
Advèrtlslng & PR
Legal & Professional
Rent
Staff training
Subscrlpiiong
Traval
Forelgn Exchange Rate Dlfferènce
144,329
3,739
5,548
7,260
8,469
230
4260
2,239
(1,999)
46,492
3.973
10,911
8,432
4,532
2,137
1,385
11.352
fl, 773)
172,065
87,441
Analy81s of iupport CO8t8
Totsl
funds
2024
Total
funds
2023
Staff costs
Other expenditure
Accountancy
Legal & Professional
Entertaining
IT expenditure
Insurance
28,074
1,499
3,318
14,723
,171
11.794
183
2,268
4,680
4,432
1,487
61,759
13,672
Page 12

THE SCHOOLS CONSENT PROJECT
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 AUGUST 2024
Indopèndent examinèrfs rnmun•ratlon
2024
2023
Fees payable to the Charltys independent examlner for the independent
examination of the Charity¥ annual accounts
1700
Z142
Stsff co•ts
2024
2023
W8ge8 and salarf88
Soclal security costs
Contribution to defined contribution perFslon 8cheme8
157,899
10,731
1773
45,832
660
172A03
46,492
The average number of per80ns employed by the Charity during the year wa8 a8 follow8..
2024
2023
mlni8tratlon
Operatlonal
No employee recelved remuneration amountlng to more than £60,000 In elther year.
art from the trustees, key m8ng9ement comprlses the Founder, the Dlrector tha UK Manager.
Key management remunerotion for the year amounted to £131,666 {2023'. £45,832).
10. Tru8ts98' remunorntlon and oxpemes
During the year, no Trustees recelved any remuneration or othèr IHiefit8 (2023- £NIL).
L)uring the year ended 31 August 2024. no Tru3tee expenses have b8en Incurred (2023- £NIL).
Page 13

THE SCHOOLS CONSENT PROJECT
NOTES TO THE FINANCIAL 8TATEMENT8
FOR THE YEAR ENDED 31 AUGUST 2024
11. Dèbto
2024
2023
Due vAthln one year
Trade debtors
Prepayments and accrued Income
6,951
3,000
2,750
9,951
2, 750
12. c1￿1t0￿. Amounts falllng dug wlthln one y•ar
2024
2023
Other taxatlon and social 8ecur
Other credltor8
Accruals and delerred incomo
4,058
12,451
2,838
1,660
365
2,268
19,345
4.293
13. Fund•
The tharity only ha8 unre8tdcled, general fund8. All amounts in the account8 therefore repre8ent
unre8trlcted, general ftlnds.
14. R•lated Party Tran•acllon•
There were no related party transaction& during the year (or the prior year).
15. Ro4latsmont of prlor yoaf8 Ilgurq•
Tha previou5 yeaffs Income and expenditure figures were re-stated to correcl the payment and repayment
of a loan amounlng lo $41,900 to a US charlty, and the associated exchange rate difference, vhbich had
previoulsy been treated as income and expenditure.
The prtor year's accounts were prepared on the recelpt8 and payments ba818. The comparallvets
represent the equivalent to the prior years figures, had they been prepared on the accrua18 basis.
Page 14