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2024-06-30-accounts

Charity registration number: 1182087

Adapt Charity

Annual Report and Financial Statements

for the Year Ended 30 June 2024

Adapt Charity

Contents (continued)

Reference and Administrative Details 1
Trustee' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 22

Adapt Charity

Reference and Administrative Details

Chairman H T Cobb Trustee H T Cobb J Oakley C Alele Senior Management / Leadership E Cobb, Chief Executive Officer (CEO) Team Charity Registration Number 1182087 Principal Office 11 Old Farm Close Abingdon Oxfordshire OX1 3LE Independent Examiner Sajjad Rajan CTA FCCA ACA Smartax Limited 38 Station Road Harrow Middlesex HA2 7SE

Page 1

Adapt Charity

Trustee' Report

The trustee present the annual report together with the financial statements of the charity for the year ended 30 June 2024.

Objectives and activities

Objects and aims

The charity's main objective is to provide housing and support to those in recovery from addiction/alcoholism.

Adapt is an innvoative organisation with a clear mission to support people living in addiction to achieve lasting reocvery. This is achieved through two distinct services:-

  1. Provision of safe and quality housing together with regular drug testing, which is vital for individuals who have been homeless and or vulnerably housed due to their addiction issues.

  2. Establishment and provision of an invaluable therapeutic service that combines intensive evidence-based therapies delivered on a 1 to1 basis as well as a group-based setting.

Uniquely the service is designed and delivered by experts with lived experience. Empathy for the addict is central to our values and our vision for achieving the long term change so urgently needed.

The core aims of Adapt are:

Objectives, strategies and activities

Adapt is based in Cowley, Oxford, in the heart of one of the 20% most deprived areas in the United Kingdom. By helping those caught in the cycle of addiction, Adapt provides a clear path to prevent recurrence there by helping the individuals directly and thereby reducing the associated impact of addiction on the wider community..

Public benefit

The trustees understand and are committed to ensuring that Adapt Charity upholds the Charity Commission's guidance on public benefit. Public benefit inspries us and drives our charitable activity and this is demonstrated in the detail of this report.

The trustee confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

Adapt Charity

Trustee' Report (continued)

Achievements and performance

During the year, Adapt made considerable progress in expanding its services and strengthening its organisational capacity.

In May 2024, the charity appointed a Chief Operations Officer (COO) to support the Chief Executive Officer (CEO) and the Board of Trustees in strategic planning and operational decision-making. This new role enhances the leadership team and supports the long-term sustainability of the organisation.

Adapt successfully secured twelve properties to support its service users. Three of these properties are designated for individuals in primary treatment, while the remaining nine provide accommodation for those who have completed the programme and are in the move-on phase. At year end, the organisation supported 16 clients in primary treatment and offered 22 move-on beds, providing a total service capacity of 38 places.

The charity extended its day programme by two hours per day across five days each week, allowing for a more comprehensive and flexible support offering to meet the complex needs of its clients. In addition, Adapt continued its vital work with family members affected by a loved one’s addiction, recognising the importance of holistic and inclusive recovery support.

During the year, Adapt also established a partnership with Daniel O’Reilly’s charity, M.A.T.E. (Men And Their Emotions). M.A.T.E. is a peer-led support community with over 50,000 members on Facebook, providing a safe and supportive environment for men experiencing challenges with addiction and mental health. This partnership has broadened Adapt’s reach and strengthened its ability to support men in need.

Financial review

The total income for the year was £716,861 (2023: £568,984) comprising donations received of £72,403 (2023: £114,286) and income attributable to it's main activitiy of provision of housing and shelter of £644,218 (2023: £451,078). The trustees consider the results reflects the effectiveness of the charity in pursuing it's primary objective to support people living in addiction to achieve lasting recovery by providing safe and quality housing.

Policy on reserves

The charity continues to build up and keep sufficient reserves in order to meet its charitable objectives.

Page 3

Adapt Charity

Trustee' Report (continued)

Plans for future periods

Aims and key objectives for future periods

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustee: H T Cobb J Oakley C Alele (appointed 13 March 2025) Chairman: H T Cobb Senior Management / Leadership E Cobb, Chief Executive Officer (CEO) Team:

Structure, governance and management

Nature of governing document

The charity is a Charitable Incorporated Organisation (CIO) and was established by a constitution dated 18 February 2019.

The charity is administered in accordance with the powers invested in the trustees, as documented in the constitution.

There are no specific restrictions with regard to the way in which the charity may operate provided that the objects of the charity as documented are met.

Page 4

Adapt Charity

Trustee' Report (continued)

Recruitment and appointment of trustee

New trustees are recruited from people known by the existing trustees. New trustees are referred to the Charity Commission guidance on their duties as a trustee.

Organisational structure

The Charity is run by the CEO, Edwina Cobb assisted by three other members of staff, an operations manager and therapists. The trustees meet regularly to review and provide oversight.

Page 5

Adapt Charity

Trustee' Report (continued)

Statement of Trustee' Responsibilities

The trustee are responsible for preparing the trustee' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustee are required to:

The trustee are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustee are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustee are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustee of the charity on 25 April 2025 and signed on its behalf by:

......................................... H T Cobb Chairman and trustee

Page 6

Adapt Charity

Independent Examiner's Report to the trustees of Adapt Charity

I report to the trustee on my examination of the accounts of Adapt Charity for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity trustee of Adapt Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Adapt Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since Adapt Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Certified Accountants and Statutory Auditors, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Adapt Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning 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 ‘true 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 with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Sajjad Rajan CTA FCCA ACA Smartax Limited Chartered Certified Accountants and Statutory Auditors

38 Station Road Harrow Middlesex HA2 7SE

25 April 2025

Page 7

Adapt Charity

Statement of Financial Activities for the Year Ended 30 June 2024

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
60,558
644,218
240
705,016
(10,813)
(624,569)
(635,382)
69,634
69,634
77,331
146,965		 Restricted
funds
£
11,845
-
-
11,845
-
(44,754)
(44,754)
(32,909)
(32,909)
32,909
-		 Total
2024
£
72,403
644,218
240
716,861
(10,813)
(669,323)
(680,136)
36,725
36,725
110,240
146,965		 Total
2023
£
114,286
451,078
3,620
568,984
(5,928)
(547,137)
(553,065)
15,919
15,919
94,321
110,240

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19.

The notes on pages 10 to 22 form an integral part of these financial statements. Page 8

Adapt Charity

(Registration number: 1182087) Balance Sheet as at 30 June 2024

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
15
Creditors: Amounts falling due within one year
16
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
17
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
19		 2024
£
47,199
127,488
42,287
169,775
(59,129)
110,646
157,845
(10,880)
146,965
-
146,965
146,965		 2023
£
52,110
34,663
90,458
125,121
(49,730)
75,391
127,501
(17,261)
110,240
32,909
77,331
110,240

The financial statements on pages 8 to 22 were approved by the trustee, and authorised for issue on 25 April 2025 and signed on their behalf by:

......................................... H T Cobb Chairman and trustee

The notes on pages 10 to 22 form an integral part of these financial statements. Page 9

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Adapt Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity has taken advantage of reporting exemptions under FRS 102 and therefore not included a cash flow statement in these financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Judgements

In the application of the accounting policies, Trustees are required to make judgement, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Page 10

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Other income

Rental income is recognised in the period in which the income falls due on an accruals basis.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of expenditure.

All resources expended are inclusive of irrecoverable VAT.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant expenditure

Grants payable are charged in the year when the offer is conveyed to the recipient. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. Where a grant has been made for the benefit of an individual, or a group of individuals, through the means of an institution, this is recorded as a grant to the institution.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee meetings and reimbursed expenses.

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Page 11

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Furniture & Fittings 20% straight line basis Motor Vehicles 20% Straight line basis

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 12

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustee discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Hire purchase and finance leases

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the Statement of Financial Activities over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions and other post retirement obligations

The charity operates a defined contribution cheme for the benefit of its employees. Contributions are expensed as they become payable.

Financial 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 cost using the effective interest method.

Page 13

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities		 Unrestricted
funds
General
£
60,558
-
60,558		 Restricted
funds
£
11,845
-
11,845		 Total
2024
£
72,403
-
72,403		 Total
2023
£
110,786
3,500
114,286

£46,941 of the prior year income was attributable to unrestricted funds and £63,845 to restricted funds.

3 Income from charitable activities

Housing and shelter income Unrestricted
funds
General
£
644,218		 Total
2024
£
644,218		 Total
2023
£
451,078

All of the prior year income was attributable to unrestricted funds.

4 Other income

Sundry income Unrestricted
funds
General
£
240		 Total
2024
£
240		 Total
2023
£
3,620

All of the prior year income was attributable to unrestricted funds.

Page 14

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

5 Expenditure on raising funds

a) Costs of generating donations and legacies

Marketing and publicity
6
Expenditure on charitable activities
Provision of Accomodation
Rehabilitation and welfare
Provision of Accomodation
Rehabilitation and welfare		 Unrestricted
funds
General
£
10,813
Activity
undertaken
directly
£
468,963
127,361
596,324
Activity
undertaken
directly
£
352,292
125,703
477,995		 Total
2024
£
10,813
Activity
support costs
£
57,406
15,593
72,999
Activity
support costs
£
50,982
18,160
69,142		 Total
2023
£
5,928
2024
£
526,369
142,954
669,323
2023
£
403,274
143,863
547,137

£635,382 (2023 - £522,128) of the above expenditure was attributable to unrestricted funds and £44,754 (2023 - £30,936) to restricted funds.

Page 15

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

7 Analysis of governance and support costs

Support costs allocated to charitable activities

Provision of accomodation
Rehabilitation and welfare
Provision of accomodation
Rehabilitation and welfare		 Governance
costs
£
6,757
1,835
8,592
Governance
costs
£
7,316
2,610
9,926		 Finance costs
£
1,101
299
1,400
Finance costs
£
1,768
631
2,399		 Staff costs
£
39,480
10,722
50,202
Staff costs
£
33,653
12,008
45,661		 Administration
costs
£
7,154
1,945
9,099
Administration
costs
£
4,421
1,547
5,968		 Other support
costs
£
2,914
792
3,706
Other support
costs
£
3,824
1,364
5,188		 Total
2024
£
57,406
15,593
72,999
Total
2023
£
50,982
18,160
69,142

Page 16

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

Governance costs

Independent examiner fees
Examination of the financial statements
Other fees paid to examiners
Legal and professional fees
8
Net incoming/outgoing resources
Net incoming resources for the year include:
Depreciation of fixed assets
Finance charges payable
9
Trustee remuneration and expenses		 Unrestricted
funds
General
£
3,000
600
4,992
8,592		 Total
2024
£
3,000
600
4,992
8,592
2024
£
21,240
1,400		 Total
2023
£
3,000
2,876
4,050
9,926
2023
£
15,929
2,399

No trustees have received any reimbursed expenses from the charity during the year.

Page 17

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

10 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2024
£
137,485
7,730
3,691
148,906		 2023
£
116,051
7,068
3,019
126,138

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2024 2023
No No
Administrative staff 6 5

The total employee benefits of the key management personnel of the charity were £66,985 (2023 - £59,171).

The Chief Executive Officer (CEO), as the highest paid member of staff, received benefits totalling £61,036 (2023 - £59,171). The CEO is also the sister of one of the trustees.

During the year the charity made the following transactions with key management personnel:

Chief Executive Officer

During the year, the CEO received a loan from the charity amounting to £1,032 (2023 - £177). This amount was paid after the year end. In addition, the CEO was provided with benefits in kind, which included the use of a charity-owned vehicle and a private fuel benefit (also provided in 2022).

11 Independent examiner's remuneration

11 Independent examiner's remuneration
Examination of the financial statements
Other fees to examiners
All other services		 2024
£
3,000
600		 2023
£
3,000
2,876

Page 18

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Tangible fixed assets

13 Tangible fixed assets
Cost
At 1 July 2023
Additions
At 30 June 2024
Depreciation
At 1 July 2023
Charge for the year
At 30 June 2024
Net book value
At 30 June 2024
At 30 June 2023
14 Debtors
Prepayments
Accrued income
Other debtors
15 Cash and cash equivalents
Cash on hand
Cash at bank		 Furniture and
equipment
£
59,034
15,130
74,164
25,426
14,833
40,259
33,905
33,608		 Motor vehicles
£
30,838
1,200
32,038
12,336
6,408
18,744
13,294
18,502
2024
£
54
78,334
49,100
127,488
2024
£
552
41,735
42,287		 Total
£
89,872
16,330
106,202
37,762
21,241
59,003
47,199
52,110
2023
£
54
-
34,609
74,164 32,038
25,426
14,833		 12,336
6,408
40,259 18,744
33,905 13,294
33,608 18,502
2024
£
54
78,334
49,100
127,488
2024
£
552
41,735
42,287
34,663
2023
£
54
90,404
90,458

Page 19

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

16 Creditors: amounts falling due within one year

Trade creditors
Hire purchase and finance leases
Other taxation and social security
Other creditors
Accruals
17 Creditors: amounts falling due after one year
Hire purchase and finance leases
18 Pension and other schemes
Defined contribution pension scheme		 2024
£
11,223
4,898
4,652
34,756
3,600
59,129
2024
£
10,880		 2023
£
3,664
5,037
2,226
36,753
2,050
49,730
2023
£
17,261

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £3,692 (2023 - £3,019).

19 Funds

Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
July 2023
£
77,331
32,909
110,240		 Incoming
resources
£
705,016
11,845
716,861		 Resources
expended
£
(635,382)
(44,754)
(680,136)		 Balance at 30
June 2024
£
146,965
-
146,965

Page 20

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
July 2022
£
94,321
-
94,321		 Incoming
resources
£
505,139
63,845
568,984		 Resources
expended
£
(522,129)
(30,936)
(553,065)		 Balance at 30
June 2023
£
77,331
32,909
110,240

20 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
21 Analysis of net funds
Cash at bank and in hand
Net cash		 At 1 July 2023
£
90,458
90,458		 Unrestricted
funds
General
£
47,199
169,775
(59,129)
(10,880)
146,965
Unrestricted
funds
General
£
52,110
125,121
(49,730)
(17,261)
110,240
Cash flows
£
(48,171)
(48,171)		 Total funds at
30 June
2024
£
47,199
169,775
(59,129)
(10,880)
146,965
Total funds at
30 June
2023
£
52,110
125,121
(49,730)
(17,261)
110,240
At 30 June
2024
£
42,287
42,287

Page 21

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)

Cash at bank and in hand
Net Cash		 At 1 July 2022
£
54,155
54,155		 Cash flows
£
36,303
36,303		 At 30 June
2023
£
90,458
90,458

22 Related party transactions

Refer to note 10 for related party transactions with key management personnel.

Page 22