Company registration number: 10436509 (England and Wales) Charity registration number: 1179829 (England and Wale8) GLOBAL HEALTH FILM INITIATIVE (Company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
GLOBAL HEALTH FILM INITIATIVE CONTENTS Pag• Legal and admlnlstralivo infomiatio Trustee8' report lTrdependent Examlner's report Statement of Financial Activities lincorporallng the Income and expendlture atcount) Balance sheet 10 statement of ¢h flows 11 Notes to the Financial Statements 12-21
GLOBAL HEALTH FILM INITIATIVE LEGAL AND ADMINISTRATIVE INFORMATION Board of Trustees: Lalilha Bhagavalheeswaran (Chairl Peter Jarrett George Ransley Mike R(ib Advlsory Board: Miguel Castro Pamela Das Beadie Finzi Fawzia Gibson-Fall Sir Andy Haines Alice Hawryszkiewycz Christopher Hird Andrew Jack Priya Joi Anita Makri Steven Markovitz Chief Executlve: Gerrt McHugh Company number: 10436509 Charity number: 1179829 Registered office: 10 Queen Street Place London EC4R 1BE Bankers: National Westminster Bank PLC 1 $6 Fleet Stre81 London EC4A 2DX Independent Examiner: TC Primera Accountants Spitslfield5 House, Slirling Way Borehamiood WD6 2FX Legal advi$or5: Bates Wells LLP 10 Queen Street Place London EC4R 1BE
GLOBAL HEALTH FILM INITIATIVE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also directors of The Charity for the purpose of the Companies Act, are pleased to present their reF)Ort, together with the independently examined financial statements of the charity for the year ended 31 March 2024, which also represents the Director$, report as reqUId by 5415 of the Companies Act 2006. The financial statements have been prepared in accordance with Aecounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK (effective l January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Companies Act 2006 and the Charity's memorandum and articles of association. Legal and administrative information sel out on page 2 forms part of this report. Organi$atioTr The company'5 adminislralion is under the control of the trustees, who are also the director5 for the purpose of company law. The trustees during the period lo 31 March 2024 wer8.. Lalitha Bhagavatheeswaran (Chair) Peter Jarrett George Ransley Mike Rub Structure, governance and management Global Health Film Initiative was incorpolated as a company limited by guarantee on 19 October 2016 Inumber 104365091 and was entered on:0 the Register at the Charity Commission on 06 September 2018 (number 11798291. It IS governed by its Memorandum and Articles of Association dated 18 October 2016. The liability of the charitable company's members is limited to £1 in the event of a winding up. We have made provision for a maximum e1ve Trustees on the Board,. Trustees will be appointed in stsged and open process over the next 18 months. Board vacancies will be communicated on our website and through our newsletter and social media channels. Governance training will be provided for all Trustees, funded by the charity. Trustees are not remunerated, although reasonable out-of-pocket expenses may be reimbursed. ObJe¢tfv•$ and activities The charity's objectives are to advance the education of the public in global health, and to protect and promote the health of people around the worfd, in particular but not exclusively by dislribuling film and other media which Increases general and specialist knowledge and understanding of global health. 'Global health, is a recognised mulb'4isciplin8ry subject of study, research and practice, within and beyond the sciences, Covering transnational health issues, determinants and solutions with a focus on improving health for all people worldwide.
GLOBAL HEALTH FILM INITIATIVE TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees confirm they have complied with the duly in the Charities Act 2011 to have due regard to publ¢c benefit guidance published by the Charity Commission. Overvi•w of a¢tivities The focus of activity this year related to organising and delivering Global Health Film FestNals and implementing the first stsges of the organisation's first strategic plan. Strategy development We developed our first strategic plan, focussing on three crrti¢al areas for Ihe following 24-36 months., Development and implementation of coherent, consistent and sustained communications to improve market penetration in target groLtps Development and diversification of the funding mix to ensu sustsinability Building excellent governance structures Achlevements and performanc8 Global Health Film Festival 2023 This year's event included a partial return to in-person 5¢reeTrings and discussions, alongside an online programme running over fourteen days. It attracted hundreds of delegates from all around the wortd. including health professionals, medical and global health students, storytellers such as film makers. journalists and bloggers, and a significant lay audience with an interest in one or more global health issues, whether climate change. mental health or environmental degradation. The programme featured a host of international premieres and preview screenings, with in-depth panel discussions w1th film makers, film protagonists and global health experts, and covered a range of interconnected global health themes, showcasing important neglected stories from all around the world on refugee and migrant health and human rights, gender violence, mental health and planetary health. Dutch Global Health Film Festival 2023 The Dutch Global Health Film Festival has fully retumed to an in-person presentats'on which we delivered in Spring 2023. Australia Global Health Film Festival 2022 We curated the second Australia Global Health Film Festival in Oclober-November 2023, Wofking with our partners, the Australian Global Health Alliance, working across three cities. Screenin s throu h the ear We hosted a series of special s¢reening$ through the year, inGluding The Mind Game {June 20231, a test screening of The Quietest Ye8rlJuly 20231 and follow-up screenings of festival films such as As Prescribed {JanLtary 2024} and Dementia shorts (February 20241 ortin filmmakers We hosted test screening for Unconqu8red.' Gora2de- City of Heroes {March 20241 and launched a new weekly VOD programme of film and discussion from our ah4Ve with guest appearance5 from filmmakers we have supported as far back as October 2015,
GLOBAL HEALTH FILM INITIATIVE TRUSTEES, REPORT {continued FOR THE YEAR ENDED 31 MARCH 2024 Contributlon made by volunte8rs We vId not cary out our work withotjt the significant contribution of our volunteers. particularfy in relation to the Global Health Film Festival and our screenings through the year. where a team of 12 volunteers ensure the smooth running of the entire calendar of events. We estimate that the total volunteer time we benefited from during this year amounts to 960 hours. Financial review The chanty received donations and gffts in kind totalling £56,58412022.' £42,301) with an additional £23,781 {2022'. £33,705) generated from charitsble activities, total income of the charity for the financial year was £80,36512022.' £76,006). Expenditure for the year tolalled £80,488 {2022.. £75,924) including £72,972 of charitable activities and £7.516 of raising fund5 for future operations, resulting in a deficit of £12312022.. Su15 of £82}. The charity's policy aims to hold no less than three months of unrestricted funding in reserve. Given a difficult economical situation, the charity currently has no reserves and any shortfalls are continuously covered by a related paty until a desirable level of exlemal funding is achieved. The charity's ability to develop fvrther is dependent on its ability to develop a diverse funding base and much work is underway lo build this. The Trustees are aware of the challenging financial situation the ¢harity is in., the Trustees are satisfied with current financial position as at 31 March 2024 and continue to monitor il closely. Pfincipal sources of funding The principal sources of funding were donations and gifts in kind, Curation and project management fees, as well as income relating to the 2023 Global Health Film Festival, in the fomi of ticket sales. We have started to diversify our funding sources, with a particular emphasis on capacity-building with support from charitable trusts and foundations, Corporate sources. and individuals. Future Plan8 Our focus will be increasin9ly to maximise coverage and impact by developing new partnerships outside the UK. This will allow us to deliver as much excellent film to as many diversified audiences as possible, and always allowing for local talent and global health issues to be showcased. Summer 2024 will see the inaugural Zanzibar Global Health Film Festival in September, the inaugural Chicago Global Health film Festival in October, and the third edition of the Australia Global Health Film Festiva5 in November with our partners, the Australian Global Health Alliance. We are in 8clive discussions with potential partners in Bangladesh. Singapore, Canada and the US, with a view lo launching additional Global Health Film Festivals by 2025.
GLOBAL HEALTH FILM INITIATIVE TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Do¢larations The report of the Twstees has been prepared in accordance with the special provisions applicable to companies, subject lo the Small companies, regime. This report was approved by the Trustees on 10 December 2024 and sFgned on their behalf by.. Lalitha Bhagavatheeswaran Director
GLOBAL HEALTH FILM INITIATIVE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLOBAL HEALTH FILM INITIATIVE I report to the Trustees on my examination of the 8¢¢0unts of Global Health Film (tho ch8rityl for the year ended 31 March 2024 which are sel out on pages 9 to 21. Rèsp•¢tiv• responsibllStlo$ of trusteos and oxamlner The trustees land also its direetois of the company for the purwses of company lawl are responsible for the preparatn of the financial ststem8nts in accordance with the Companles Aet 20[ (the 2C4)6 Act). HavitvJ satisfied myself that the financial slalements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligie for independent examin*ion. I report in respect of my 8xamlnalon of the charity's financial stat¢rnenls carried out under section 145 of the Charities Act 2011 Ilhe 2011 ktl. In carrying out my exarnination I have fdlowed all the applicable Diractions 9iven by Ihp Charty Commi8sion under section 14515llbl of the 2011 ACL Independent examln•r's ststement I have completed my examlnalion. I confirm that no matèdal matter5 have come to my attentlon In connection wf(h the èxamination.. 1. accountiny records werp not kept in re8pe¢t of the charity as required by section 386 of the 2006 Act., or 2. the financlal stateTnents do Th)t accord wlth those records,. or 3. the financial statements do not cornply with the accounting r8quirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair Mew which Is not 8 matter considered as part of an indèpendent exarninalion., or 4. the financial statements have not been pr8par8d in accordan¢¢ with the methods and prinaples of the Statemant of R8¢ommended Practice for ac¢L>unling and reporting by charities applicable to charities preparing their aoUnt8 in aOrdanCe wrth thg Financial Reporb'ng Standard applt¢abl8 the UK and Reput4ic of Irdand IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in ordei to enable a proper understanding of the financial statements to be reached. Sadikali Gula TC Primera Spitaifidds House, Sliriing Woy Borèhamwood, WD6 2FX abbas Prèmji IFCCAI DBtè'. .27....1... 12.. .12024
GLOBAL HEALTH FILM INITIATIVE Statement of Financial Activities (including the Income and expendlture account) FOR THE YEAR ENDED 31 MARCH 2024 Total Vnre8thCtsd Resrt Toi81 Funds FundB funds Funds Fund$ tsrth• y••r th• yui dqd lorth*y•4r od fortr¢y• onded Jtmy2tt4 31mY2023 31A)¥2025 Note INcoMe FROM= 56.584 42,301 42.301 Charttsble8CtiYths Otherirume TOTAL INCOME 23.781 23,781 28,7 5.000 33.705 S9,826 20A40 80,36S 71.6 5.000 76,( EXPENDMJRÈ ON: Ra14ing furth Chwitable 8Cts¥thS 7,51e 7,518 10.968 10,988 52,432 20.540 59.956 5.OOD 64,956 TQTAL EXPENDITURE 20,S40 70,924 S.OOD 75,924 NETif4COMeEXPENDITURE 82 Transfers bei%¥een funds NET MOVEIIENTIN FUNDS 11231 82 82 RECONCILIAllON OF FUNDS-. Towi Iwd$ brwif0ty48rd 329 J29 247 247 Toialftthd8 ¢4rf•dfoThYard 14 206 329 329 The notes on pag8s 12 to 21 form part of these financial statements.
GLOBAL HEALTH FILM INITIATIVE Balance Sheet As at 31 March 2024 Com No 10436509 En land and Wales Year ended 3110312024 Year ended 3110312023 Note FIXED ASSETS Tangible assets Intangible assets 10 10 559 853 Total fixed assets 559 853 CURRENT ASSETS Debtors 504 2.324 Cash at bank and in hand 621 Total current assets 2.945 LIABILITIES Creditors.. amounts falling due within one year NET CURRENT ASSETSIILIABILITIESI TOTAL ASSETS LESS CURRENT LIABILITIES 12 1,659 1,286 2,139 353 206 Credrtors.. amounts falling due after more than one year 12 (1,8101 NET ASSETS 206 329 CHARITY FUNDS Restricted funds Unrestricted funds.. General funds 14 206 206 206 329 329 329 Total unr8Strict8d funds 14 TOTAL CHARITY FUNDS For the financial period in question the company was enb'tled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members hove required the company lo obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small Companies rlMe. Under section 454 of the Companies Act 2006, on a voluntary basi5, the trustees can amend these financial ststements if they subsequently prove lo be defecb've. The financial statements were approved and aulhorised for issue by Ihe Trustees on its behalf on 1011212024 and signed on their behalf by.. Lalitha Bhagavatheeswaran, Director The notes on pages 12 to 21 fomi part of these financial statements. io
GLOBAL HEALTH FILM INITIATIVE Statement of cash flows For the year ended 31 March 2024 Yearended Year ended Note 3110312024 3110312023 Cash flows from operatlng activities Net ¢ash provided byl{used inl operating activities 15 22 15,8541 Ca$h flows from investing activities: Purchase of fixed assets Net cash pmvided byllused inlinvestirsg activities Change In ¢a8h and ¢a$h oquivalonts in tho year 22 {5.8541 Cash and ca8h equlvalents at the beginning of the year 621 6,475 Cash and cash equival&nts at thg end of the year 16 621 li
GLOBAL HEALTH FILM INITIATIVE Nots8 to the financial ststements For the year ended 31 March 2024 1. ACCOUNTING POLICIES 8) Ba818 of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Charitable Company is a public benefit company for the purpose$ of FRS 102 and therefore the Charty also prepared its financial slalemenls in accordance with the Statement of Recommended Practice applicable lo charities pparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORPI, the Companies Act 2006. bl Going concern The Iruslees have assessed the charty's ability to continue as a going concern and have considered ssible events or conditions that mKJhl cast significant doubl on the ability of the chanty to continue as a going concem. The trustee5 have made this assessment for a period of at least one year from the dale of the approval ofthese financial ststements. Sn particular, the trustees have considered the charity's forecasts and projections and the financial support extended by the charity's Chief Executive and have taken account of pressures on general income. After making enquiries, the trustees have Gonclufjed that there are reasonable expectations that the charity has adequate resources and the conts'nuing support from the Charity's Chief Executive to enable the charity lo continue in operats'onal existence for the f0See8b1e future. The charity therefore ¢onlinue$ lo adopt the going concem basis in preparing ils financial statements. cl Income All incoming resources that become available lo the Charity are included in the statement of financial acts'vities (including the income and expenditure account) {'the SOFA'I as soon as receivabte. Bank interest ceIed is attributed to Unrestricted Funds al the yearend dale. dl Expenditure Resour$ expended are allocated to the particular activity where the cost relates directly to that activity. Support costs are re-allocated lo each of the activities on the following basis whi¢h 1$ an estimate. based on staff time, of the amount attributable lo each activity. 2023 15¥0 500/0 350 Oyo 2022 150 450 400 0% Raising funds Film Festival Screenings and workshop5 Awards Liabilities are recognised as re$our*s expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. Awards payable are charged in the year the funds received. All expenditure is inclusive of irrecoverable VAT. 12
GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2024 1. ACCOUNTING POLICIES Icontlnued) e} Irrecoverable value added tax Irrecoverable VAT on purchases and expenses has been charged against the activity for which the expenditure was incurred. Funds The funds are segregated betsveen.. RestlFCted funds- monies set aside for particular awards or purposes in accordance with the instructions of the donor or the terms of an appegl. Expenditure which meets these criteria is charged to the fund. Unrestricted funds- undesignated monie5 retained that provide the working capital to enable the Trustees to carry out the charitable activities or designate for a particular activity. gl Tanglble fixed a550ts Tangible fixed assets a capitalised at cost where the purchase price exceeds £5DO. Depreciation costs are allocated lo activities on the basis of the use oflhe lated assets in those aclivilies. Assets are vieWed for impairment if circumstances indicate their carrying value may exceed their net realisable value and valu8 in use. Depreciation is provided at rates calculated to write down the cost of each asset lo its estimated residual value over rt$ expected useful life. The annual rates in use are as follows.. Plant and machinery 20% Straight line h) Intanglble flxed assets Intangible fixed assets are caprtalised at cost if over £500. Amortisation is calculated by reference to the cost of fixed assets using rates considered appropriate having regard lo the expected lives of the fixed assets. Current annual rates in use are.. Intangible assets 20% slraighl line i} Foreign currencles Monetary assets and liabilities denominated in foreign currencies are translated al the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the SOFA. 13
GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2024 1. ACCOUNTING POLICIES Icontinuod) jl Pension ¢ontrlbutlon8 The oharity operates a defined contn'bulion pension scheme. The assets of the scheme afe held separately from those of the charity in independendy administered fvnds. The pension cost charge represents contributions payable under the scheme by the charity to the fund. The charity has no liability Ltnder the scheme othef than for the paYt of those contr¢buts'ons. k) Critical accounting estlmates and areas of Judgement In the view of the Iruslees in applying the accounting policies adopted, no judgements werè required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. i) other financlal instruments Cash and cash gquivalonts Cash and cash equivalents include sh at bank and in hand and short-lerm deposits with a maturity date of three months or less. Debtors and Creditors Debtors and creditors re1vable or payable within one year of the balance sheet date are Carried at their transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future Teceipls or payment dis¢ounted at a market rale of interest. ml Op8ratlng currency The operating currency of the charity is Pound Steding and the monetary amounts in the accounts are rounded to the nearest pound. 14
GLOBAL HEALTH FILM INITIATIVE Notes to th• financial statements For the year ended 31 March 2024 2. INCOME FROM DONATIONS Y•ar nded 3110312024 Total Year ended 31103r2023 Unrestricted Restricted Total Donations and grant incorne Donations in kind Inotè 31 4.680 20,540 25,220 9,151 31,364 31,364 33.150 20,540 56.584 42.301 3. DONATIONS IN KIND Yèar •nd•d 3110312024 Total Year ended 3110312023 Total Unrestricted Restricted AdvertisTrng and marketing Scre&nlng co818 Film Festival eXFendf(UTe IT. sthafe and website Legal fge5 3,180 1,269 3.180 3,941 1,269 4,942 16,818 16,853 16,853 6,933 6,933 5,533 1,251 1,251 1,239 Professional services, including independent examinglion Travel and subsistence 1,51)0 1.51X) 677 Staff training 378 378 31,364 31.364 33,150 4. INCOME FROM CHARITABLE ACTIVITIES Year ended 3110312024 Year ended 31103r2023 Unrestrkted Reslricted Totsl Tot81 Film Festival 11,000 11,01)O 22.4( Screenings 8nd workshops Memberships 7,746 7.746 8,976 5.035 2,323 Total income from tharitable activities 23.781 23.781 33,705 15
or f 16
GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2024 6. STAFF COSTS Total employment costs for the year comprise". Year ended 3110312024 Year ended 3110312023 Salaries and wages Social security costs Pension costs 34,927 ' 35,291 730 730 36,021 35,657 Key management personnel include Trustees and a CEO. The total employee benefits including pension contributions of the key rnanagemeni personnel were £30,71312022.. £30,713). The average number of persons employed during the year was as follows.. Year ended 3110312024 No. Year ended 31103r2023 No. The average headcount expressed as a full-time equivalent.. Yoar ended 3110312024 No. Year ended 31103r2023 No employee received employee benefits of rn0 than £50,000 during the year12022.' £Nill 7. PENSION OBLIGATIONS The charity makes contributions lo a NEST pension scheme. Ernployee and Employer contributions amounted to £1,94512022 - £1,947). Al the year end, there were no contributions oulslanding12022.' £1591. The a55et5 of the scheme are invested and managed independently of the finance5 of the Charity. 8. RELATED PARTY TRANSACTIONS The total aggregate value of donations and donations in kind received from a related paty was £23.226 to support operating costs in the period12022'. £30,100). 17
GLOBAL HEALTH FILM INITIATIVE Notes to the financial ststements For the year endod 31 March 2024 9. NET INCOMEI{EXPENDITUREI This is slated after charging.. Yèar end•d 3110312024 Year ended 31103r2023 Depreciation and amortisalion Independent examination.. Current year provision 294 1,300 734 1,400 The Trustees currenlty don't receive reimbursement for expenses incurred In attending meetings. No remuneration is paid to Trustees either. 10. FIXED ASSETS Intanglbl• assets Tanglble Year ended Year ended 3110312024 31103r2023 Total Total Cost Atthe stsrt ofthe year Additions Disposal during the year 2.400 1,469 3,869 3,869 At the end of the year 2.400 1,469 3,869 3,889 Depreciatlon Al the start of the year 2.400 618 3,016 2,282 Charge for the year Written off during the year 294 734 Al the end of the year 2.400 910 3,310 Net book value At the end of Iho yoar Al the start of the year 559 559 853 853 853 1,587 11.DEBTORS Ygar ènded 3110312024 Year ended 31103r2023 Accounts receivable Aeerued income Prepayments 1,021 820 483 504 504 2,324 All debtors above are financial instruments and are measured at settlement value. 18
GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2024 12. CREDITORS: amounts falllng due wlthin one year Yoar ended 3110312024 Year ended 3110312023 Pensions ruals 159 1,500 1,659 1,500 1.500 All creditors above, with the exception of accruals, are financial instruments and are measured at settlement value. CREDITORS.. amounts falllng due over more than a yoar Yoar onded 3110312024 Year anded 31103r2023 Other cltorS 1,810 1,810 13.ANALYSIS OF NET ASSETS BEfwEEN FUNDS Restricted Unrestricted Total Total funds funds funds nds Year Yeaf trndgd ended 3110312024 31103r2023 Fixed assets 559 559 853 Current assets 1.147 1,147 2,945 Creditors due within one year {1.500) 11,5001 11,6591 Creditors due after more than one year Net assets at the end of the year 1,810 329 19
GLOBAL HEALTH FILM INITIATIVE Notes to the financial ststsments For the year ended 31 March 2024 14. STATEMENT OF FUNDS Balancè at Incomlng Resources R•sourc•s Balanco at Year ended 3110312024 0110412023 expended 3110312024 Restricted funds.. Restricted funds 20.540 120,540) Total restrlcted fund8 20,540 20,540 UnTrstricted funds General funds Total unrestricted funds 329 59.825 59.948 206 329 59,825 59,948 206 Total Charity funds 329 206 Balance at Incoming Resource8 Rèsourcès Balance at Year ended 3110312023 01104rd022 expended 31103r2023 Restricted funds.. Restricted funds 5,000 15,0001 Total restrthd funds Unrestricted funds General funds 247 70,924 70,924 329 Total unrestricted funds 247 71,006 329 Total Charity funds 247 76,006 75,924 329 Purpos•s of restricted funds The restricted funds conslst of grants by partner organisalions supporting charitable activities of the Global Health Film Initiative. 20
GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2024 15. RECONCILIATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FROM OPERATING ACTIVITIES Year ended 3110312024 Year ended 3110312023 Nel incomellexpendilurel ft)r the reporting period 1123 82 Amortisation charges 294 734 {Increaselldecrease in debtofs 1,820 2,610 Increase1(dec8sel in creditors {1.969) 19,2801 Net cash provlded byl{used In) operating aclivities 22 15,854) 16. ANALYSIS OF CASH AND EQUIVALENTS AI 0110412023 Cash flows At 3110312024 Cash in hand 621 22 643 Total cash and cash equivalents 621 22 643 17. LEGAL STATUS OF THE CHARITY The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited lo £1. At 31 March 2024 there were 412022.. 4 Trustees). 18. CONTROLLING PARTY The is no single ultimate controlling paty. 21