Charlty reg15tration number: 1194734 The Destitution Project Annual Report and Flnanclal Statements for theyear Ended 31 Marth 2024 The Moffatts Parthershlp LLP Suite l.L Flrst Hoor Jackson House Slbson Road Sale M33 7RR The DestI￿tIon Prolect Contents Reference and Admlntstratlve Detalls Trustees, Report 2to9 Statement of Tiust•es' Responslbllltles io Independent Exèmlner's Report li St4tement uf Flnanclal Act[￿tIeS 12 Balance Sheet 13 Notes to the Flnanclal Statements 14to26 The Oestltutton Projert Reference and Admlnlstratlve Detalls Trustees Oavld Tomllnson, Chalrman Sarah Nlamh George Margaret Slmpson Bernard Pele Ahmed Mohamed Davld Batchelor Ch•rlfy Ré8Sstr•tlon Number 1194734 prtnclpal Offl Vfctorta Hall Kn¢)wsley Street 8olton 8LI 2AS Ind•p•ndent tximln•r The Moffatts P8rtner5hlp LLP Sulte 1.1, Flrst Floor Jackson House Slbson Road Sale M33 7RR PÈ8e I The Des11t￿￿on ProJert Trustees, Report The trustees preseni ihe annual rtwt together with the financial ststemtnts of the charrty for the year ended 31 March 2024. Objettfves and artlvltles THE DESnTUnON PROJE￿, otherwise knovm as DP. i4 a CIO Icharftable Incorporated Organi5ationl providing support to refugees and aWum seekers. indudin8 destitute asylum seekers. li￿nE in Bolton UK. Its objerts are: the rellef of financsal hardship and need by prowdin8- 1. Infomiation and practical support in particular. but not exclusrvely, to those ￿th no recourse to public funds. 2. recreational faalities. friendship. food and practical help to promote wellbelng and help them to integrate into $0(fjety in a safe environment. Our support comes through two avenues of aclhryty: l. A Dropln every Wednesday at the ￿￿OrIa Hall in Bolton 110.i>)am and 3.iJ)pml for asylum seekers and refugees. 2. tssewolk seThices for awum seeker5 living in Bofton. includln8 refused asylum seekers and those who have no recourse to public funds or become de5tf(ute. Our Dropin provides.. . A social space vthere they can relax and meet others. • Tea, coffee. and biscuits all day. . A hot meal cooked on the premises. Clothes and bedding. • Food support. e.g., a week's 8roceries and tolletrles • Table-top games. such as pool and table tennis. • Englt5h le550ns and other classes, such as arts and ttafts. kcess to a free barber. Everything we offer our seryke usets os pr(Nided free of tharge. We are known for going 'the extra mile, to help our Service users. Our Dropin ¢)pened durln8 50 out of 52 weeks of the year. Durtng the reportln8 period we employed 2 part time 5tafr. a knior Caseworker - Shaheda Mangerah. and an Admln Assistsni - Fiona Lomax who work5 part time for Casework 5UPWt and part-time for DP admin 5UPPQrt. Their part ume houfs total 1.2 fuu ts.me eqvNzlent. The rest of ow team 15 rnade up of¥gJunteers. Pw2 The Destltutlon Prolert TTUStees' Report Public ￿nefft All of the charity's activities are undertaken for the benefit of the publlt. All asylum seekers and refugees are classed as wlnerable due to Ilved experience. Language barriers put them a risk of being explolted and mis-interpreted. Homelessness can place refused asylum seekers at risk of111-health. crime and soclal Isolatlon. DP either directly or via SiBnpostln8 to other organisailons, provldes acce5S to essentlal need5 Ifood. Engllsh classes, emergency funds. health care. counselling, and temporary accommodatlonl. 8y providin8 English Classes we help our service users assimilate into UK society. They can Ihen go on to become productive and empowered. find employment. attess education and tan Integrate into UK Society. Many then reach out to support new arrivals within their local community. Others donate funds. time and talent to charitsble causes In thelr communities. They become part of a culturally riche¥ community whlch benefits us all. The trustee5 confirm that they havè complled with the requirements of section 17 of the Charities Act 2011 to hav? due reRard to the publlc benefit guidante published bythe Charity Commlssion for England and Wales. Use ofvolunteers The work of DP would not be possible without the hard work and deditation of our volunteers. Many of our volunteers have been with us for over S years and some slnce the inception of DP as a registered charity in 2014. For the period under revlew. OP volunteers provlded 814 indlwdual attendarlces giving an average of 17 per Orop-in se5slon. In addltlon to hours volunteered by a number of team members outside of the Drop-ln day, DP benefited from aTh estimated 6220 volunteer hours annually. We arè particularly grateful for the very Benerous contribution made by our volunteers and dedlcated employees to oui wide range of provisions. Use of our serylces steadily increased post Covid Pandemic and has returned to pre-pandemic leve15. Durln8 the period we had 3 new volunteers join our tearn. however 5 volunteers retiredl moved on. We started offering a 'helpeT' role which seems to sult our asylum seeker and refugee Sus and ￿her Yrlends of DP. who can give occasional help as part of the team as and when they caTh. Flfteen Helpers sfjBned up durln8 the year under revlew. Many are asylvrn seeker and relugee service users keen to lend a hand when attendI￿the weekly Drop-in. Page 3 The De5tltutlon Project Trustees, Report Achlw•ments Ind pwlonn4nce D•¥elopments •tth• OP Orop4 Serylce User ISUI attendan¢e over the perlod has Increased to prtrpandemic levels. We had 29S7 Jttendance5 by asylum seekers and refugee5, an a¥era8e of 60 per sesslon la 13% Increase over 2023-23 averaNe of 521. Tht Food Room team contlnued to work dlll8enty to ohr lood parcels to any asylum seeker ottendlng our Oropln who regue51ed one. Thls has been partSculafly apprecl*ed in light of c05t4)f.INing increase5 and that, ol all gfoups In the community, asylum Seekers recelve the Itast supporL We thonk our loyal supportws IncludSn¥'. l. The Bolton Soclallst Club.. funds 2. SVP and P•rlsh Members olst. Brèndan's and St. Johns.. laioe food donatlon& 3. St. Mlchael's Prlmary School.. h•rvest Bmts plus contlnued thelr Gwb Tub collectlons through the ye)r. 4. Oxford Grove Prlmary S¢hool.. ￿T￿eSt Glfts. 5. Vlctorla Hall Sunday Sthool: harvest Gifts. 6. Chrlst Churth.. hand knttted ilfts. 7. St. Margarevs Church.. hand knltted elfts. 8. Chrlst Embassy Churth.. large food and tolletry donatbons. 9. St. Andrew and St. Geor8e Vnlted Reforrn Churth.. rewl•r food don•tlons. 10. St Vln¢ent de Paul.. funds 11. SoroptSmlsts.. food and tolletrles 12. Rot•ry 8riJup5.. funds and general donatlons 13. Bolton Communlty Development Partnershlp IBoltt>n COPI and the Love World Church: food and tolletrfes 14. Vegware-. ecofrlendly cups IS. The numeious Individuals who falthluNy donat• effts olfoDd and rnoney tt)wards tyjr Wednesday lood partds. We do have to purchase food as well and for that we thank funders such as the Duchy of lancaster Benevolent Fund (voucher and lood parcel support).. Manthester Guardlarb Sodety Ch•rltable Tru51 Ifood por¢el sypportl., The Lottery Cost ol Llwn8 Fund Iw¢her svpportl.. Kelth and Gay Talbot TDJst Itood parcel 5UPPOrtI lor provldlng funds to enable thls. Several Of these fvnder5 •1so supported other aspects of tyjr oper•tlons. Our provision of clothes and hovsehokl goods was under high demand throughout the year. We have a very wel organlsed display room to prowid* Items from and an additlonal room for holding stock. Eath week at the Dro*ln we also put ovr a well4tocked table %￿h and set of ralls to dlsplay clothes and household 8oods whlth anyone at the Drop.In can acttss wlth a Ilmr( of 5 Items per person. We depend heavfjly on donated items lapirt some purchases of essentlals suth as shoe. sotks and underwearl. Vlhere netes5ary le.g. stoc*s of c*rtaifi items are limr destitution. The impart at DP Is that some servlce users demand urgent attentlon and thallenge the fact that we cannot provide accomrnodation and cannot Sl8npost to legal aid 501icitors. This is an indication of their situation and vulnerabllity. Casework contlnved to worf¢ closely wlth various agencles Ircludlng bttt not limited to.. NACCOM, Refugee Actlon, British Red Cros5, Mlgrant Help, SWAP ISupportrn8 ArTlvals In Wlgan ProJectl, Bolton SERCO Housin& Mental health support, 5011citors, Greater Manthe5ter Comblned Authorfty, Bolton Cotsndl's M￿rantS Multi-aRency Group, probation services and GP services. During the pèrlod the casework team supported persons from 43 countries. We use professional interpretation and translation service5. Thls has sl8nlflcantly increased the effltiency and accuracy of casework communicalions for mary clients who have English as a second language. We have contlnued to secure specrfic fvndln8 to pay for thls (thanks to Charles Plater Trvst. ￿ttle Company ol Mary. S￿iety of ihe Holy Chlld of Jesus and Keith and Gay Talbot Trust for contrlbutln8 lo this important servlcel. Poll¢les and PM¢edures Trustees revlew DP pollcles and relevant procedures each year. New pollcles we Introduted based on advice from Populo HA and NCVO. These induded: • Equallty and Oiversity Policy (Oct 20231- Staff Retruitment & Selection Policy and Procedures (Mar 20241. Other policles underwent revlew and updatin& 50rne 5ubstantlal.. Privary Policy- now includes data protectlon and datz breacfr aspects all as one policy and was slmpllfled to be easler to ￿nderStand and more closely allgned with DP activities INOV 20231.. Health & Safety Policy- visuals included which tan be used in indurtions With all team member5 including those who have English as a second language Imar 20241,. Perforrnance Appraisal Policy (Nov 20231- • Volunteer Inductlon Pollcy (Aug 20231. Page 6 The Destltutlon Project Trustees, Report Tralnln8 and Capaclty DEvelopment Dlana Khasa, SenloT Development Offlcer of Bolton CVS. dellvered Equallty Equlty, Dfjverslty and IncluslDn tralnlng for some of the team, tallorlng It to DP'S servite. Issue5 team members may face and factor Into how we wpport serNlce users and team membèrs. Thls wlll bè dellvered to the wlder team In the 2024- 25 pèrlod. Durlng the perlod 3 declslon was made to hold all tèarn tralnlng on a Wednesday afternoon to enable more team members to attend. We 8lve servlce users advance notlce of early c105ure but operate a 'skeleton' servlce so that aThyone arrlvlng In the afternoon on get help. Indlvldual Team members have undertaken tralnln8 as and when needed such as.. Safeguardlng thlldren; Saleluardlng adults11 Tru5teel.. Flrst ald Emergency at Work12 Trustees & l Lead Volunteer). A5 in OISC-re8lstered adv150r, the DP Senlor Caseworker Is requlr•d to undertak* contlnued profe55Ion41 development eath year. Durlng the perlod the Caseworker undertook tralnlng and networked through the followlng event5.' Together wlth Refvgee5 In MaThche5ter'. Greater Manchester Campal8n Workshop,. NACCOM Annual Conference., OISC Adv150r Conference; Rwonda Le8lslatlon Tralnln8. Health, S•f•ty and ￿hlu￿rdIn0 Theie were no malor Health and Safety or Safe8uardln8 Incldents durln8 ihls perlod: the Pollcle5, Procedures and Ihe General Rlsk Asse55rnent were revlèwed byTrustees. As part of our Inductlon pr¢¢ess, we now Include 'v15uals' of key pro¢edure5 re 'Flre S•frtV, "Manual Handllni" 'Avo5dlng Trlps. SIIp5 and Fall5° "Run, Hlde and Tell" Thls Is for the benefflt ol voluntews/help•rs wh•r• En8llsh Is not thplr flr5t lanBuige. Itls a150 a vlsual rèmlnder of Bood prjctlce. Thè Team con15nued to follow Health and Safety Procedures re8ardlng use of 5talr5 and carrla8e of heavy Item5 (food dellvery and donatlonsl. lan Trotman, our maln hall volunteer, tornpleted EFAW IEmergency Flrst Ald at Workl tralnlng. Th15 means we now have four quallfled flrst alders In re8ular attendance Includln8 our two member5 of Staff. and two trustee5, We contlnue to observe Lone Workln8 procedufes.. at the Drop.In ensurln8 thai team mtmbeis wtar a panlc alarm and are n•ver work alone wlth servlce u$ers,' outslde ol ihe Drop.In by havlnB contact procèdures In place uslng our"Safety and Lone Workln8- 8roup on what￿pp. We have lurther refined our secure support procedures Iwhere team members are made aware of se￿ICe users who may become ea511y stressed or frustratedl to Include pastoral support. Thls Is wheTe a servlce User may be anxlous bui does not present a rlsk to other5. We contlnue to revlew these on 8 slx-monthty basls. Volunteers contlnued to 80 thrtsugh a Safer Recrultment Protèss Iprowldlng releièncès, dolng a Dès chèck and an SnductloTr whlch Includes Safeguarding and Health and Safety). As already rnEntioned, we now have a number of "helpers" on the team; these are often service users who would Ilke to volunteer but. due to thelr clrcum5tance5. tannot make a regular commitment. They recelve the re8ular inductlon as described. A key 35pect of this 15 how to respond11 a servtce user ask5 for help. This 15 In order to rnaintaln bo￿ndarIeS for the safety ol team mernber5 and service users and to ensure we operate wlthin the boundaries of our OISC re8lstratlon. Where necessary we utillse professlonal Intwpretatlon to ensure our guidance Is tlear and propedy understood. Page 7 The Oestltutlon Project Trustees, Report Informitlon Sharlna and Publlclty We Issued Quarterty Impact Report that provlde data on.. the level of food support glven (number and value of food partèls and vouthérs glven to asylum seekers and refugees Includln8 those who were destltutel,. emergencv funds given: tasework servltè ftgufes (lace to face appolntment5. walk-ln a551stante glven, remotè support sessions, newly reg15tered casework cllents, casework files closed)., Dropln attendance levels,. key agenc5es DP tollaborated wlth- notable key learnln8 to take forward,. cast studlesl. Thesè rèports are sent io team members. partner or8anlsatlong, our fvnders and Is also dlsplayed on our webslte. They are valuable snap shots of our work and help us prov4de quantitatlve data, Includln8 trends, for fundln8 appllcatlons and reports both Internal and external. Nell Rlckaby of 8olton Web Desl8n rnana8es OUT websl¢e Iwww.boltondp.orgl and our Facebook page Ihttps'.Ilwww.facebook.comlboltondestltutlonprolectll We thank hlm for hls support and excellent servlce to us over the y•ar. Fln8ntlo1 r•vlew Incomln8 resources for the year amounted to £97,80012023 É51,9771. Expendlture for the year totalled £71,184 12023. £82,778). Th• overall results lor the year are a surplus of £26,61612023- deflclt £30,801). The total resetves of th• charlty at 31 March 2024 are £140,16312023. E113,5471. The unr•strlcted res•rv•s are E88,46112023- £74,704) and the restrlcted reserves are £51,70212023. £38,843). Pollcy on resems The alm ol thls RestTh& Pollcy Is to ensure that DP holds 5ufflclent level of funds ITh ftsefye to enable Its esserttlal 5erv5ce5 and actlvltle5 to be rnalntalned, taklng account of potentlal r15ks and contlngencle5 that may aflse from tlme to tlme. To avold closure of OP should fvndln8 dlfflcultles ar15e, the Manogernent Qjmmlttee h85 agreed to keep a level of flnancl?I re5erve$ such that the maln operatlons ol DP can coThllnue for a perlod of at least g rnonths average expendlture. Thls amount Is currently approxlmately £60.000 to be held In reseNe. The pollcy Is revlewed at least annuallv. prtKIp¢71fvndlnq sources Fundlng conslsts of donatlons from Indlvlduals, trusts and companles and Brants recelved from other charltles. Durfng the lètter part ol ihe perlod under revlew, we obtalned asslstance from Mark CowllTr8 who helped u5 prepare a ranBe Df fundlng appllcatlons Ilmed at supportln8 our 8rowth as an or8anlsatlon. Structure. lovemance and manwmant Noture of qo¥emlng document The charlty Is governed by ao Foundatlon reqSstered on the 8th June 2021 (Charlty Number.. 11947341. The charlty prevlously tsperated a5 an unlncorporated charlty (Charity Number- 11097031, governed by a Constitution regI￿ered on the 14th May 2015. Pa8e 8 The Destitution Project Trustees. Report Recruitment ond oppointment oAtrustees Trustees are appoillted to ensure there is an appropriate mix of skills required to manage the charity effectively. All Six DP trustees continued in the role during the period and no new trustees joined. We have iwo trustee5 who belong to an Èthnic minority intludin8 one with lived experience as a RefuEeÈ. There are no related bodies that are entitled to appoint trustees to the board. Induction ond riaining oAtru5tees Trustees are given the necessary 8uidancÈ to enable them to undèrstand how the charity works and their duties and responsibilitie5 and the training necessary for them to be able 10 Carry out these duties and responsibilities. We make use ol 'The Essential Trustee. traininK provided by Bolton CVS as well 35 organi5ations such as NCVO which we joir*ed during the period. Mojorr￿kS undmonagement oJthose risl(s 68nerul risks The trustees attively review potential risks to the charity on a regular basis and have procedures in place to mitigate any fisks the chafity may face. During the year under review. Trustees worked with the Cranfield Trusi to carry out a strBtegii review. The review ¢Dnsulted with and then presented recDmmendation to the whole team. Recomrnendations were.. Involve more service users ai all levels ol the or£anisation including a5volunteers and trustee5: Inrrease recruitrnent of volunteer5 and trusteÈs to meet the needs of growing organisation.. Retruit an Operatio￿S ManègeT lo run DP in line with its purpose, mission and values with the aim to enhance management c3paiity, improve effectbveness of service delivery and help to diversify and 5U5tain income leve15 in response to service demand,. Develop clear guidelines for how DP team members should relate to service users to en5uie Safety Of volunteer5, employees and Service users.. Consider if DP should amalgamate with another charity to help achieve it5 aim$ and whether a second Drop-in day can b@ added weekly, if sufficient re50urce5 and capacity would become availablÈ. Tru5tEes and the DP Coordinating Committee Continue to work on these recommendations. Several fijnding bid5 have been sent out with the hope of attracting the necessary funding to recruit an operations manager and work areas of development which came out of the rwew. ann ort wa5 appToved by the trustee5 of the chaTity on 23 May 2024 and signeil on its behalf by.. Sarah Niamh George Trustee Chairman and Trustee Page 9 The Destitution Projert Statement of Trustees, Responslbllitles The trustees are responsible for preparing the trustees. report an¢J the financtal statÈments in accordance with the United Kingdom Accounting Standards (United Kingdom fjenerally Accepted Account¢ng Practicel and applicable law and regulations. The law applicable to charitie5 requires the trustees to Pfepare financial statement5 lor each financial year which glye a true and falr vSew ol the State of affairs of the charity and of rhe Incorning resources and application of resources of the charlty lor that period. In preparing these financlal statements, the trustee5 are required to.. select sultable accountlThR polScies and then apply them conslstentlv- observe the methods and principles in the Charities SORP., make jud8ements and e5timaies ihai are reasonable and prudent.. state whether appltcable accountln8 SiaThdards have been followed. svbject to any material departures dlsclosed and explained in the financial 5tatements.' and prepare the financial statements on the going concern basis unles5 it is Inapproprlate to presume that the tharity will continue in business. The trustees are fesponsible for keepin8 proper accountin8 records that disclose with reasonable accuracy at any time the fiThanclal positiom ol the charity and enable thern to ensure that the financial siatemer)is comply with the Charities Act 2011, the Charitie5 Ikcounts and Reports) Regulation$ 2(Th, and the prowsion5 of the constitution. The rrusrees are a150 responsible lor safe8uarding the assets of the charity and hence lor taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees ère responslble for the maintenance and Inte8rity of the corporate and financial Information included on the charitable companws website. Legi51atioTr governlng ihe prepaiatlon and dls5emlnatlon of flnanclal statements rnay differ from le8islation In otherjurisdtrtions. Ih ustees ol the charity on 23 May 2024 and 516ned on its behall bv.. Sar zrusiee iamh George Ch3irrnan and Trustee Page 10 The De5titutlon Prolect Independent Examlnerf5 Report lo the trustees of The Destltutlon Pro5ect I report to the trustee5 on my examlnatlon of the accounts of The Oestltution Proj•d forthe year ended 31 March 2024. Responslblllues and basls •f report As the tharlty trustees of The Destltutlon Proltrt you are responsible for the weparatlon of the accounts In accordance wlth the requirement5 of the Charities Art 20111'the ACVI. I rèport In respect of my examlnatlon of The Otstltutlon Prohrt's accounts carrbed out under 5ertlon 145 of the 2011 Art and In ￿rryIng our my examlnatlon I followed all the appllcable Ofjrectlons 8lven by the Charlty Commlsslon under 5ertlon 145lSllbl of the Art. Ind•p¢nd•ni •x•mlnerfs st•t•m•nt I have iornpleied my examlnatlon. l ¢onlbm that no material mattèrs have come to nry attentlon In ¢onnertlon wlth the eyamlnatlon me cause to believe that in any materlal resptct: l. accountyni r¢¢ords wer• not kept In rtspttt of Thè Des1ltutl￿ Prolert as requlred ty s•ctlon 130 of the Act,. or 2. the •ccounts do not •ccord wlth those records,. or 3. the accounts do not compty wlth the xtounisna rtqulrements concemlng the form and conient of a£￿￿ntS set out In the Charftles IAccounts and Reports) Regulatlons 2fJJ8 other than ony Tequlrement that the accounts Ilve a'true and falr Wew. ¥thlch Is not a matter conOdered as part of an independent examinatlon. I have no concems and h•ve come across Tro other matters In connethon wlth the examlnatlon to whlch •ttentlon should be drawn In thls report In order to enable a proper underslandinA of the attounts to be reached. Jo Saxon F. tute of C rtered kcOU￿aTrIS In EbV4land and Wales The Moffatts P4rtnershlp LLP Sulte 1.1, Flrst Floor Jackson House Slbson Road Sale M33 7RR 23 May 2024 Pzge 11 The Oestltutlon Projert Statement of Flnanclal Artlvltles for the Year Ended 31 March 2024 Unrestrlrted fvnd5 Restrlcted funds Total 2024 Total 2023 Note Intome Jnd Endowments fr¢)m: Donations and legacles Investment 5ncome 36,724 460 60,616 97,340 460 51,432 54S Totsl Income 37,184 60,616 97,8CyJ 51,977 EMp•ndlture on: Chjrftable actlvltles 123,427 47,757 171,184 82.7781 Total expendlturo 23.4271 147,7571 171,184 182,7781 Net Incomellexpendlturel 13,757 12,859 26,616 130,801 Net movement In funds 13,757 12,859 26,616 130,8011 Rqcondllatlon of funds Total funds brought forward 74,704 38,843 113,547 144,348 Total h&nds carrled forward 16 88.461 SI,702 140,163 113,547 All of the charlty's actlvltles dèrlve from contlnulng operatlons durln8 the above perSods. The funds breakdown fgr 202315 Shown Sn n￿e 16. The notes on pages 14 to 26 form an integral part of these financlal 5tstements. Page 12 The Destitution Project IRegistration number: 11947341 Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets T3ngible asset5 li 1,031 1,154 Current as5et5 Debtors C3sh at bank and in hand 12 719 2,727 117,199 13 141,826 142,545 119,926 Creditors: Amounts falling due wlthln one year 14 13,4131 17,5331 Net ¢urnent assets 139,132 112,393 Net assets 140,163 113,547 Funds of the charity: Restricted income funds Restricted funds 16 51.702 38,843 Unrestricted Iniome funds Unrestricted funds 88,461 74,704 Total funds 16 140,163 113,547 The financial nds ents on pages 12 to 26 wÈre approved by the trustÈes. and authorised for issue on 23 May eir behalf by.. edon Oavid Tomlinson Chairm3n and Trustee ar Niamh George Tmstee The notes on pages 14 to 26 forrn an integral part ol these fin3ncial staternents. Page 13 The De5tltutlon Projert Notes to the Flnanclal Ststements for the Year Ended 31 March 2024 l A￿untIn# polldes St•t•m•nt of compll•nca The Ilnantlal statements ha¥e been prepared In accordance with the Second edlilon of the Charltses Statement of Recommended Practice Issued in October 2019, the Flnancfjal Rep￿tIng Standard applkable kn the Unlted Klngdom and Republle of Ireland IFRS 1021 and the Charftles Act 2011. 51$ olprepar•tk+n The Destltutlort Prolttt meets the deflnltjon of a publlc beTheflt entlty under FRS 102. The accounts Iflnanclal statements) have been prepared under the historlcal cosi conventlon wfth items recognlsed at cost Dr tran5artlon value unless oiheThAse Stated In the relelani notelsl to these accounts. GOI￿ Concern The trustees tonslder th* there lie ￿ m*erlil uncertalntles about charltys •blllty to contlnue as • 8olni contern. Incom• Ind •ndowm•nls Voluntary Incorne Includlng donatlon% qllts, le8ad•s and 8Mts ih•t pro¥lde c¢x• fvndlni or •re of • 6•noral Thature Is reco8nlsed when the thadty has eniitlem*nt to thè lrtoft*, It Is probable that the bn¢ome w(11 be recelved and the amount can be measured with suifident relkbllity. DottrtlÈMs amllegatles Donatlons and le￿(leS •re recoBnlsed an • rece1￿bIe basls recelpt Is PrO￿ts1• and th• amount can be rellably measured. Grant5 are reco8nlged when the chorlty has an entltlement to the funds ind any condlt6ons Ilnked to the 8rant5 have been met. Where pertormance condltions •re attached to the 8nnt and are yet to be Met, the Income 15 reco8nised as a liabllity and included on the balance sheei as deferred income to be released. Investment kntome Investrnent Income ts recognlsed on a reCe￿ble b•sts. Page 14 The DestIt￿lOn Project Notes to the Flnanclal Ststements for the Year Ended 31 Illarch 2024 Expendlture All expendlture Is retognlsed once there 15 a leeal Lv ¢onstruCt￿e obligation to that •xpendlture, It is probab settlement 15 regulred and the arnount be measufed reliably. All costs are allocated to the applltable expenditurt heading that a￿legate simllar costs to that category. Where costs cannot be directfy attributed to partlcular headlngs they have been allocated on a basls conystent ￿t￿ the use of resources, wlth central staff Costs allocated on the ba￿% of tlme spent. and depreclatlon tharyes allocated on the portlm of the assers use. other support costs are allotated based on the spread of staff cos All resources expended •re Inclusl¥e ollrrecovtrnble VAT. Charltable expenditure comprlses those tosts Incurfed by the charlty in the delfvery of Its actlvltles and servlces for Its beneficiarles. 11 Includes boih costs that can be allocatrd directty to such artlvltles and those costs of an Indlre¢t nature nettssary io support them. Go¥Èrn•nc• ¢osts These Include the costs attrfbutatAe to tharrtvs compll•nce con5thutlon•l Ind Matuiory requlrements, IncludlnB audlt, strateik mana8ernent and trustee's meetln85 •nd rdmbursed expenseL Irr•cw•r•ble VAT Irreccverable VAT15 chjrged agalnst th• cateeory of rewJrce5 expended forwhlth ttwas Incurred. T*￿tIOn The tharlty Is consldered to pass the tests set out In Parayaph I Sththle 6 of the Fknance Act 2010 and therefore It meets the defSnitlon of a charltable company for UK corporatlon ta¥ purposes. Ac¢ordlngly, the charlty Is pottntlally exempt from taxation in respert of Income or caplt•l &alns received within categorles tovered by Chapter 3 Part li of the Corporatlon Tax Art 2010 or Sertlon 256 of the Taxatlon of ChJr8eable Galns Ati 1992. to the extent that such Income or 8alns are applled excluswy to char￿￿ble purpose5. Tanglbl• flx•d •ss•ts Indlvldual fixed assets cosiln8 £ILKI.CKI or more ère Inbtialty re¢orded at com. O•preclatlon 4Ad •morth•tlo Oepreclationl5 prowided on tan￿ble fixed assets 50 as to wrlte off the cost or￿l￿atIon. less any èstlmated resldual value, over thelr experted useful economlc life as follo￿.. Assrt dass Office equlpment Computer equlpment DepredatloTr method •nd r•te 20% reducing balance basis 20% reduclng balance ba515 P4e IS The Destltutlon Projert Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Cash and rash equlvaleDt> Cash and cash equlvalents £ompr15e ush on hand and call dep051ts. and other short-term hl8hly Ilquld Investments that are readlly convertlblè to a known amount ol cash and are subjecl to an 1n518nlllcant ilsk of change In value. Tr¥de ¢redltors rrade credltors are obll8allons to pay for 8oods or servlces that have been acqulred In the ordlnary course of busSness from suppllers. Accounts payable are cla5slfled as turrent IlabllltSes If the does not have an uncondltlonal rl8ht, at the end of the repgrtlng perlod, to defer settlement of the credltor for at least twelve months after the reporting date. If there Is an unconditlonal rlRht to defer settlemènt for at léast twelve months after the reportlno date, they ar• presented as non