AYLSHAM & DISTRICT CARE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 March 2024 Registered Charfty No. 1199996 Company No. CE029927
AYLSHAM & DISTRICT CARE TRUST CONTENTS OF THE FINANCIAL STATEMETrirs for the period andod 31 March 2024 General information Trustges, report Independent examlnerfs report Slalement of financml activities 8alan¢e sheet ststement of cash Ilows )tes to the financial statem9nts 9-15
AYLSHAM & DISTRICT CARE TRUST Reference and Admlnlstrativo Details for the perlod ended 31 March 2024 Charlty reglstratlon number: 1199996 Company number. CE029927 Trustees.. He18n Bailey sal Homfray-Davies Ray Home Derek Player Jenny Manser Paul Hare Claire Gilbert ChairperBQn: Vanessa Scargill Chl8f Executlvo: Philip Macdonald Princlpal offic0= The ACT Centr8 St. Michaels Avenue Aylsham Norfolk NR11 6YA Bankers.. Barclays Bank PIC Aylsham and North Norfolk Leiceslei LE87 2BB The Charity Bank Limited Fosse House 182 High Str8&1 Tonbridge TN9 1BE United Trust Bank Limited On8 Ropemaker Street London EC2Y 9AW The Co-operative Bank 1 Balloon Street Manchester M4 48E Independent examin•r: Sexty & Co Chartered Certled Accounlanls 124 Thorpe Road Nomich NR1 1RS Solicttors: Han5ells Soli¢ilors 12- 14 Th8 Close Norwich NR14DS
AYLSHAM & DISTRICT CARE TRUST TRUSTEES. REPORT Forthe perlod ended 31 Mah 2024 The trustees present their report and the financi81 statements of the Charitable IncOOratIon Organisalton ICIOI for the period ended 31 March 2024. The trustees have adopted the provisions of the Stslemenl of Recommended PraCte ISORPI 'Accounling and Reporting by Charities. IFRS 1021 in preparing the annual report and finanaal statements of the CIO. The ffin8nci81 statem8nls have been prepared in accordance with the accounting pollcies sel out in notes lo the accounts and comply with the charity'$ governing document, the Charities Act 2011 and Accounting and Rerx)rting by CharilÈs.' Slalement of Recommended Practice applicable lo charities preparing their accounts in COrdan with the Financial Reporting Stsndard applicable in the UK and Republ of Ireland published in October 2019. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Aylsham & District Carg Trust (working names Aylsham Care Trust and ACT) is governed by ts foundation model constitution and was registered with the Charity Commission on 8th August 2022, registration numbar 1199996, as a Charitsble Incorporated organisatic {CIOI whose primary objects are as stated on page 3 Method of appolntment or alectlon of Trustses The consliluiion provide$ for a minimum of 4 and a maximum of 12 Trustees. The appointment ol Trus1885 is by an application proeess and intetviews $anclion8d by the board of Trusle8s. The Trustees induction process is conducted by the Chair of Trustees with 8UPPOrt from th9 Executive Team. Organisational structurn and decision making Responsibilty for charty governan lies with the board of Trustee9 which dekgales the day lo day operating responsibility lo the Chief Executive. The Board of Tru$lees meet on a quarterly basis as a board and lakes reports from two quarterty committee8.' Finance & adminislralion- budgets, management accounts, safeguarding, dats protaction etc Services- focusing on the operalional side Rl¥k management The trustees have continued lo assess Ihe major risks lo which the charty is &xped. Risks are identified for Bcruliny by relevant committe8$ through our Organisatnal risk register which interprets the likelihwd and imp&t ol these risks. We remain alert lo our responsibility for meeting stalulory heatth and safely requirements and there have been no signffjicant incidents during the period under review.
AYLSHAM & DISTRICT CARE TRUST TRUSTEES. REPORT lcontlnuodl For th• perlod ended 31 March 2024 OBJECTIVES AND ACTIVITIES Obj8Ctivgs of the charlty The object of the charity is for the public benefit of people living primarily bul not excluswely in Broadland and North Norfolk, the relf and assistance of people in need by reason of age, ill-heallh. disability, fsnancial hardship, or other disadvantage., the protection and preservation of physical and mental health, by providing sppropriate care and support sgrvices in $uch was as the Trustees think fil. Actlvlties of the charlty The main activities of the charrty include the folknving.. Meal delivery servi¢e Supported lunch clubs Day service Community care CQC registered home care Social outings Volunteer car scherne Counselling service Public benefit The Trustees have had regard lo the guidance Sued by the Chaniy Commission on public benefit. Volunteer contrlbutlon Volunteer contribution is a significant part of the organisation. Al 31 Marth 2024 we had 49 volunteers support in the various areas of actiwty- Achlevemonts and Performance A summary of our main achievements dufing the pad are as follows.. Community involvement - Aylsham Care Trust s8eks lo help people live independenrfy and well and lo combat loneliness and isolation. We believe we do this b&sl when focussing on key services th81 impact people and community and when we do this as part of the community promding our services alongside 8ignposling lo other relevant organisalions who can also a$515t. To this end, we continue our focus on communrly engagement SnclLKling'. Use of our Centre as a community hotspotAvarm space where anyone can come for a frId wglwme. a worm environment, and a cup of coffee Involvement in dl8CUS5ions around Ihe Aylsham neighl)0urh¢d plan Contribution lo North NDrfolk communty forum Hosting quarterly business and community forum Membership of Churches logelh9r in Aylsham Talks into the communty including Stratton Slrawle55 Communty Centre Partnerships with Aylsham Community Shed, Aylsham Harilage Cenlre, Mind and olh&rs. Whilst much of our work is amongst older peoplg, we value the difference that inler9eneralional work and relationship8 bring and have been delighted lo wal¢ome rhiklren from the local school choir and representatives of Friend in Deed Communty activitres have been hJh on the agenda. In addition lo founding and hosting the quarterly business and community breakfasl. we hava held.. 1. Easter Fayre 2. Community leas 3. Christmas Celebration Where 811 are welcome. Wrthout exeeplion. demand for our core Servi5 ha8 increased Such as.. 1. Volunteer car service 2. Meal delivery 3. Lunch clubs
AYLSHAM & DISTRICT CARE TRUST TRUSTEES. REPORT Icontinuedl For the perlod endgd 31 March 2024 Achievements and Performance Icontinuodl 4. Social outings S. Counselling Our stsff and volunteer team have bggn exceptional sh¢)wing love and care in all that they do and lor th81 we are incredibly grateful. At ACT. we bel*ve that what we do is important bul that how wa do it is so much more important, and we seek to live out Dur Core values of care, connect, belong. Here are a few extracts from letters r1Ved during the period.. 1. ACT was very close lo Mum's heart. and she really enjoyed her trips out and lunches wlh you all and we know she would have wanted lo make this donation lo ACT 2. Your servIS lo people in need are really quite brillkgnt, I wish lo say thank you. Your sincerely appraciatad 3. MeaL8 on wheels are absolutely delicious 4. Thank you lo all the wonderful people at ACT who do so mu¢h lo help others les5 fortunate than themsélves 5. Thank you for your smifes 8nd chats 6. Thankyou lo everyone at ACT for all that you do 7. 11 makes our day coming here lo the cafe gvgry Friday. Good food, ¢omp8ny, and bvely stsff 8. Love to come every week. Don't know where we would be without you FINANCIAL REVIEW At the period-end, the charty'8 lotel reserves were £1.117.652. Restricted fund reserves were £2,040 and unre$lri¢led reserves were £1,115,612. The financral slalements for the periiyj ending 31 March 2024 Show that we had lolal ioMe of £283.288 and our exp8ndilure lolalled £347,679. resuming in an overall deficit of £64.391. Our reserves policy has tsyo aims. as follows.. lo ensure that ACT'S core activty could continue through a period of unforeseen difficulty in extremis, lo promde SuffiCnI liquid funds to wind down the activf(ies of the charity in an orderly fashion The Tfuslees have cakulaled that closure liabiliti95 would arnoLtnt lo around £100,000. Thus. the Trustees have settled on a Reserve largel of £150,000. which also 811ows a buffer of £50,1)00 in addition lo ckjsure costs, to allw core activities to Continue were the charity to encounter a period of unforaseen drfrU1ty. As at 31 March 2024 the charty's free serveS before designations were £232,020. ON BEHALF OF THE TRUSTEES: Mrs V Scargill (Chair of the Trustee81
AYLSHAM & DISTRICT CARE TRUST INDEPENDENT EXAMINER'S REPORT forth8 pgrlod ended 31 Mar¢h 2024 I r8POrt lo the charty trustees on my examination of the accounts of the charity for the period ended 31 March 2024 which are sel out on poges 6 10 15. Res onslbllttigs and basis of re ort AS the charity's trustees you are responsible for the preparation of the accoLtnts in xcordaneo th the requirements of the CharilEs Act 20111'the Acl'}. I report in respect of ry examination of the charity's accounts earried out under section 14S of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llb) of the ACL Independent examlnor's 8tstement Since th8 ¢harrty'3 gross income exceeded £250.000 your examiner mu51 bo a mernber of a body 118ted in section 145 of the Act. I confirm that l am qualffied lo undertake the examinatn ljecause l am a member of the As5walion of Charted Certrfied Accountanls IACCAI. which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in nnection with the examination giving rfte cause lo believe that in any material rgspect.. accounting records were not kept in resped of the charity as required by section 130 of the Act., or the accounts do not accord with those records,. or the accc4Jnts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports} Regulations 28 other than any requirement that the accounts give a Irue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no othèr matters in connection with the 8xaminalion lo which attention should be drawn in this report in Ofder to enable a proper understanding of the accounts lo be reached. M Orves IFCCA, FCA) Fol and on behalf of Sexty & Co Chartered Certified Accountants 2a Church Street North Walsham Norfolk NR28 gDA Date..
AYLSHAM & DISTRICT CARE TRUST STATEMENT OF FINANCIAL ACTIVITIES for the period •nded 31 March 2024 Perlod èndgd 31 March 2024 Perlod ended 30 September 2023 Unregtrlcled Restricted Funds Funds Note Income from: Donations, gr8nl8 and legacies Charitable activities Investment income 66.348 177,482 3,770 35.688 102,038 177,482 3,770 75.417 143,156 1,043 T¢)tal Incomo 247.600 35,688 283.288 219,616 Expendltuffo on: Raising funds Charitable adivilies Support costs Govemance costs 25,253 206.811 76,007 s,*0 25,253 240.459 76,007 5.960 13,492 223,454 58,916 6,255 33,648 Total exp6ndltur• 314,031 33.648 347,679 302.117 Net lexpenditurèll incomè 166.4311 2.040 164,3911 182,501) Transfer8 be88n funds Net movement In funds 166.4311 2,Q40 164.3911 182,5011 Rocon¢ili¥tion of funds.. Total funds brought forward 14 1,182,043 1,182,043 1,264.544 Total funds camèd forward 14 1115612 1117,652 1 182,043 The notes on pages g 10 15 form part of these financial statements.
AYLSHAM & DISTrICT CARE TRUST LANCE SHEET AS AT 31 MARCH 2024 Period end¢d 31 March 2024 Parlod ended 30 September 2023 Note Flxed a¥sets Tangible assets 11 883,592 886.915 Curr¢nt assfrts Debtors Cash at bank 8nd in hand 12 35,089 225.293 23,383 297.888 Creditors Amounts falling due within ong year 260,382 321.271 13 26.322 26.143 Net current assets 234.060 295.128 N•t as5els 1,117,652 1182043 Charfty funds Reslricled funds Unrestricted funds 15 1,115.612 1,182.043 Tolal charity funds 1117652 The financial sla18ments were approved and aulhorised by the trustees on ... on their behalf by.. . and were signed Vanessa Scargill (Chairperson)
AYLSHAM & DISTRICT CARE TRUST STATEMENT OF CASHFLOWS 31 March 2024 Perlod end 31 March 2024 Period ended 30 September 2023 Cash flow from operatlng actlvities Nel {expenditurellincome for period 164,3911 182,501) Deprèciation of langiblg fixed assets Decreasellincreaso) in debtors (Decrease) l increase in cred&tors 3,323 (11,7061 179 3.498 10.818 112,212) Loss/lProfrtl on disposal of fixe(l assets Net cash flow from oprating activities 72.595 0.397 Cash flow from investlng activities Net Cash flow from Snvegtlng activitigs Net increase I IdecTOasel in cash and caBh equivalents 72,59SI 180.3971 Cash and u$h equlvalents at Start of perlod 297,888 378,285 Cash and cash equivalents at end of rIOd 225,293 297.888
AYLSHAM & DISTRICT CARE TRUST NOTES TO THE FINANCIAL STATEMENTS for the porlod ended 31 March 2024 1. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES G8neral infonnatlon and basis of preparatlon The Charitable Incorporated Organisation ICIOI constitutes a public benefrt entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities-. Statement of R¥ommended Practice applvble to charities preparing their ants in aecordance wf(h the Financial Reporting Standard applicable in the UK and Republic of Ireknd issued in October 2019, the Financial Reporbng Standard applicable in the United Kingdom and Republic of IreL4nd IFRS 102}. the Charities A¢1 2011 and UK Generally Accepted Accounllng Pwtice. The financial statements are prepared on a going concern basis under the hlstorical cost convention, modified to include certain items al fair valu8. The financial slalemenls are pwenled in sterling whieh ts the functional currenw of the charity and rounded to the nearest £. The $ignificant acwunling policies applied in the preparation of these financial sl8temenls are set out bel¢)w. These policies have been con$islenlly applied lo all years presented unkss otherwise st*d. Funds Unre$lrthd funds are availab for use at the discrelKJn of the twslees in furtherance of the general objectives of the charity and which have not been degignated for other purposes. Designated funds comprise unrestrrlgd fund$ trat have been set askte by the tmslees lor particular purposes. The aim and use of each designated fund is set out kn the notes lo the financi81 slalements. Restricted funds are funds which are to be used in accordance with spgcific restriction8 imposed by donors or which have been raised by the charty for particular purposes. The cost of raising and administering such fvnds are charged against the Specif fund. The aim and usg of e&h restricted fund is set out in the note5 to the financial statements. Income recognltlon All incoming resources are included in the Slalement of Financial AGtivitigs {SoFAI when the CIO is legally enlrtled lo the income after any perfomiance condf(ions have be8n met, the amount can be measured reliably and il is probab that the income will be receNed. For donatn5 to be recognised the CIO will have been notrfied of the anKsunts and the settlement date. If lttere are conditions attached lo the donation and this requires a level of performance before entr'tlemenl can be obtained, then income is deferred unlll those condrtions are fully or the fuifilment of those conditions is within th8 control of the charity and it is probabte that they wll bo futfilled. No amount is included in the financkal statements for volunteer time in line with the SORP {FRS 102}. Income from trading actiwlies includes inccma eamed from fundraising evgnls and trading aclwilies to raise funds for the charity. Income 18 recewed in exchange for supptying gcx)ds and 59rvices in order to raise funds and is recognised when enb"Ilement has occurred. Income from grants are recognised at fair value when the CIO has entitlement after any perfomian conditions have been met, il is probable that the inrne will be recewed and the amount can be measured reliably. If entitment nol met then thèse amounts ara doferred. Interest income is recognised as the CIO'S right lo receNe payment is established. Expondlture recognltlon All expenditure is accounted for on an aecruals basi3 and has been classffied under headings that aggregate all costs related lo the category. Expenditure is recognised WIre there is a gaI or eonstructwe obligatson to make payments lo third parties, it is probable that the settlernenl wilj be required and the amount of the obligation can be measured reliably.
AYLSHAM & DISTRICT CARE TRUST NOTES TO THE FINANCIAL STATEMENTS for thg pgrlod ond8d 31 Marth 2024 Exp8nditur• recognition - contlnued Irrecoverable VAT is charged as an expense against thg activity for whh expenditure ar05e. Support costs are those costs incurred directly in support of expenditure on the obj8cts of the charity and include project management earried out al Headquarters. Governance costs are those incurred in connedion wi(h adminislratKin ot the charity and Gc¥npliance with conslrtulion?l and statutory requirements. Tanglble flxed assets Tangible frxed assets aro $l*ed at $t less xcumulated depreciation. Depre¢ialion is provided on all assgls. at rates calculated lo write off the eosl, less estimated resKYual value. of each asset on a systematic ba8is over it5 expeded useful lrfe as follows.. Motor vehicles Fix1ures and fittings 20Dkn on r•Jucing balance 10Dh on reducing balance Depreciation has not been provid8d for on freehold property as, Ni the Trustees cyinion. the recovernble amount is greater than the carrying value. Debtors and creditors recelvable I payable within one year Debtors and CditOrS with no staled interest rale and recewable or payable within one year are recorded at the Settlent amount after any trade discoLtnl offered. Employee benèfits The charty operates a definèd contrfbution p18n for the benefit of rts empioyees. Contribub'ons are expensed as they become payable. Taxatlon Aylsham & District Care Trust ig a registered charity and aGmrdlngty is exempl from laxalion on ils in¢ome and gains where they are applted lor charitable purposes. Going concern The financial slalernenls have been prepared on a going conrn basis as the tfusts8s believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected lev of income and expenditure for 12 months from aulhorising these financial slalemenls. Tho budgeted income and expenditure is suffiaenl with the level of resèNes for the CIO lo b8 ab18 to continije as a going e£Jncem. 2. INCOME FROM DONATIONS, GRANTS AND LEGACIES Period ended Perlod ended 31 March 30 September 2024 2023 Unrestrlcted funds Restrictad Fund8 Donations and grants 66,348 35.688 102.036 75,417 10
AYLSHAM & DISTRICT CARE TRUST NOTES TO THE FINANCIAL STATEMENTS foi thè perlod ended 31 March 2024 3. INCOME FROM CHARITABLE ACTIVITIES Peilod gndod Perlod ended 31 March 30 Soptomber 2024 2023 Unrestrlcted Restrlcted funds Funds Fee income Café income 136,256 41,226 136,256 41,226 103,051 40.105 177,482 177,482 143.156 5. INCOME FROM INVESTMENT Period ended Pgrlod ended 31 March 30 Septembgr 2024 2023 Unre8trkled Restricted fund5 Funds Bank interest 3.770 1.043 6. ANALYSIS OF EXPENDITURE QN R41SING FUNDS Period ended Perlod ended 31 March 30 Septembor 2024 2023 Uni08trlcted Re8trict8d funds Funds Chief ExecLAlive offer salary Operations manager salary Consuttancy costs Other fundraL8ing costs 6,844 2,981 13.873 1,55S 6.844 2,981 13,873 2.981 2,400 1,267 25,253 7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIWTIES Period ended Perlod ended 31 March 30 September 2024 2023 Unrèstricted Restricted funds Funds Café consumables Wages and salaries PensionlLife assurartee Gosls Other staff costs Consultancy Volunteer costs Recruilmenl Provisions Serv8 users 30.098 152,180 2,817 274 14,734 3,211 634 136 2,747 30,098 181,268 2,817 274 14,734 5.861 634 136 4,647 24.876 168.199 2.692 376 16,710 6,401 269 265 3.666 29.108 2,640 1,900 Total expendilura 206,811 240.459 11
AYLSHAM & DISTRICT CARE TRUST NOTES TO THE FINANCIAL STATEmE1s for the p•riod ended 31 Mareh 2024 ANALYSIS OF SUPPORT COSTS Perlod ended 31 March 2024 Perlod ended 30 Septgmber 2023 Unrestricted funds Ristricted Funds Insurance Printing, postage and 81ationery Repair81Renewals Publicity RenVRales LighVHeat Depreciation Motorrave1 Telephone cleaninHouSehold Sundries Contract hire Bank interesvcharges Training Events Professional f8es 4,773 2,335 13,111 3,971 616 14,754 3.323 4,018 2,723 7,907 147 2,413 1.237 4,799 69 9,811 4,773 2,335 13.111 3.971 616 14,754 3.323 4,018 2.723 7,907 147 2,413 1.237 4.799 69 9.811 4,467 1,542 11.083 2,237 963 1,904 3,498 3,032 2.987 7.500 314 5.018 1.241 3.242 391 9,497 76,007 76,007 58,916 9. ANALYSIS OF GOVERNANCE COSTS Perlod end•d 31 March 2024 Period ended 30 Saptambgr 2023 Unrestrlcted funds Restrlcted Funds Legal lees Trustee expenses Accountancy and Independent Examination fees 2,355 1,325 2,355 1,325 2.650 1,326 2.280 2,280 2,280 5,960 5,960 6.255 The independent examiners remuneration amounts lo an independent examination fae of £2,200 and txher 8ervices of £1.C64. 10. TRUSTEES. AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES Th& trust88s n8f(her received nor waNed any remuneration during the perlod. The trustees did not have any expènses reimbursed during the period. The Gharity considers that the key management personnel during the period comprised of the ChEf ExKulive Offer and the OperalKJns Manager. The total employee benefits of the key management personnel of the Charity were £41,4e5 {Sepl 23 - £42,280). 12
A YLSHAM & DISTRICT CARE TrUST NOTES TO THE FINANCIAL STATEMEiirs for the perlod ended 31 March 2024 11. STAFF COSTS The lolal staff costs and omployee's beneffts was as folltm: Pariod endod 31 March 2024 Period ended 30 Septgmber 2023 Wages and salaries Social security costs Pension cc6ls 179.898 11,195 2.817 172,164 5.870 2,692 193 910 180.716 The average monthly number of en¥Jloyees was.. 26 (Sept 23- 261 and the average monthty numbèr of equivalent employees during the rIOd was as follows {including casual and part-b.me staffj.. Period ended 31 Mah 2024 Pgrlod ended 30 Septembgr 2023 Administration Service Delivery 22 22 26 No empkjyee re1Ved muneratIon amounting to more than £60,000 in tho period. 12. TANGIBLE FIXED ASSErs Freehold proporty Flxtures & fittings Motor vehlclas Totsl Cost At 30 September 2023 Additions Disposals 931,883 260,154 38.221 1,230,058 At 31 March 2024 931,683 260,154 38,221 1.230.058 Oepreciation At 30 September 2023 Charge for the period Eliminated on disposal 111.221 193.701 3,323 38.221 343,143 3.323 Al 31 March 2024 111.221 197,024 38.221 346.466 Net book value At 30 September 2023 820,462 e6.453 886,915 At 31 March 2024 820,462 883.592 13
AYLSHAM & DISTRICT CARE TRUST NOTES TO THE FINANCIAL STATEMENTS lor tho period •nd•d 31 March 2024 13. DEBTORS Perl¢)d ended Period ended 31 March 30 September 2024 2023 Trade debtors Other deblor5, prepayments and accru8d income 22,861 12,238 8,303 15,080 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Perlod ond•d 31 March 2024 Poriod ended 30 September 2023 Trade Creditors Other creditors, anaLl and deferred irKome 1S,627 10,695 18,415 7.728 IS. FUNDS RECONCIUATION Balance at 30 S*ptemb8r 2023 Balance at 31 Mah 2024 Income Expendlture Transfers Unrnstricted funds Gener81 fund Desi9naled fun Total unrestricted funds 1,132,043 50,000 1,182,043 247,600 314,031 1.065,612 50,000 1.115,612 247.600 314.031 Restricted funds Restricted fund5 Total restricted funds 35,688 2.040 Totsl fund8 1.182.043 347.679 1117652 Th8 purposg of each restrlcted fund 18 given belovr. Amount Donor Norfolk Community Fund Norfolk Community Fund- Warm Spa Lottery Grant Purpose Music therapy se5si0ns Creating a communty Hot Spac8 Volunteers 4.680 1,900 14
AYLSHAM & DISTRICT CARE TRUST NOTES TO THE FINANCIAL STATEMENTS lor the period ended 31 March 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Poriod ended 31 Mah 2024 P¢riod gnded 30 Sopt&mber 2023 Unreslrlcted Restrlcted funds Funds Tangible fixBd assets Current assets Creditors due within one year 883.592 258.342 126,3221 883,592 260,382 126.3221 886,915 321.271 126,1431 2.040 1 115,612 2,040 1,117.652 1.182.IM3 17. PENSION COSTS The charity operates a defined ¢gntribution pension plan for ils empbyees. The amount recognised Ss an expense in the period was £2,817. The defined contribution liabilty is allocated to unrestricted funds. 18. RELATED PARTY TRANSACTIONS There were no related paty transactions during the period. 15