Yateley Industries est 1935 YATELEY INDUSTRIES FOR THE DISABLED LIMITED (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company Registration Number: 00448920 Charity Registration Number: 229571 YATELEY INOUSTRIES FOR THE DISABLED LIMITED IA COMPANY LIMITED BYGUARANTEEI FINANCSAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS PAGES Director5'1 Tm5tee5' report i-ii RefÈr@nce and administrative detai15 12 Statement of tru5tees' re5ponsibilitie5 13 Independent auditor's report 14-16 Statement of financial activities 17 Balance sheet Statement of cash flow5 19 Notes to the financial statements 20-34 YATELEY INDUSTRIES FOR THE DISABLED LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. I TRLFSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FOREWORD BY THE CHAIR OF TRUSTEES 11 has been a year of intense and w51tive growth anil change for Yaleley Indu5trie5. Led by our CEO. Sheldon Mcmullan, in his first fvii financial year wilh the Charity. our learn has grown, our engagement in the local communily has grown and our impad has grovm. We've enhanced the support av8i18ble lo our staff with the reintroducts'￿ ol job coaching. We've been able to make vital improvements to our site thanks lo granl funding. Our Slte is buzziThJ wilh activity and ￿e're deltqhled to share the vibrant and positive atmosphere with more peop￿. Of course the challenges of being a small charity, especially one still dealing with the legacy of historic misrnanagement issues, remain. We're a￿ayS going to be mindful of our finances. so that we can ensure we conbnue lo be able lo delNer lor our benefiuaries. Thanks lo the hard work of the management team and trustee board and the geneTous support Ilxith rnonetary and othetwise) from our stakeholdets, Yateley Industries is in a position of financial stability. We have agreed a ￿paYment plan for the pen5K>n defiat with the appointed pension trustees and continue to seek way5 10 reduce the burdell of the 5chem8. This has enabled us to Push for innovatton. devek)prnent of new serwces to support our beneficiaries and once again be a key part of the community in Yateley. 11 was wonderful lo be part ol the Community Action Day with Community Matters Partnership in March, where 70 people came to help Spru￿ up the Yate￿y Industries site for the spring. We look forward to many more of these events in the future. Whilst the growth in the number of peop￿ hawng to use our comtnuntiy pantry 15 an unfortunale reality of the currenl econofflic situation, w8 are proud to be able to offer this service. The L8unch ol our communily hub and community cafe lin¢ludiro wnterwarm space wth subsidised meals), is a welcome addition to our site. It has mean¢ that this year we've had more events, for our staff, residents and the wider community. We're especialty exaled lo be bringI￿j hand block printing back - the original industry the charity was esiablished to prov*Je. We were also proud to see our fortner CEO, Linda Matthews. presented a British Empire Medal for her years of dedicatK)n to the charity sector. Induding her inrxedible work to help save Yateley Industries. After 23 years as our Finance Manager. Janet Higginbotham retired in March. We are gratelul for her outstanding contributions to ihe charity over the years and wish her a happy and relaxing reliremenl. In such a close comrnunity. everyone al Ihe charity was devastated to lose long-time resident and colleague, Alice Hopkins, in June. Al￿￿'S 25 years al Yale￿y Industri8s was Ce￿brated and commemorated wth a tree pLinted on site in her honour. Thank you to everyone who has contributed lo Ihe charity this year. l am confident there are more great iniiiatives to come as the charity continues to grow and devebp. We kmjk forward to wekoming more and mc*e b￿)eficianes. supportws aTrJ commvnity partners to our sile. Sarah Beciwlth Chalr of Trustees YATELEY INDUSTRIES FOR THE DISABLED LIMITED (A COMPANY LIMrrED BY GUARANTEEI DIRECTORS. I TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES The objects for which the As50ryation i5 eslabli%hed as set out in the Articles of As$c￿latIOn are the relief of those in need be&4use of bng lem) healih condibons or di5abilrty ty Ibui without prejudice lo the generallly of the loregoing) providiNJ vocational training. empbyment and I w ￿)mmOdation. Th8 Bciard's vision {agreed in 20201 for the ch￿lty is for Yateley bi be 'A thrNing. Sustainab￿ and valued community creatr'ro living, learning arKI working opportunilies for disabkd Feople wthin ￿der souety" The maln 8ctivib.es undertaken by Yale￿y Industries for th8 Disabled Ltd IY8teley Industri8s" 1 "the Charilfl are as follows.. Residential Accommodation Prowsion of resklenlial accormdation lor up to 47 people with disabilities in a mixture of one and two slor8y buihjings on the Yaietey Industsies site. Factory- Our mission ststement for the factory is to sustain and increase the opportunities for people with disabilities #i rewarding employment. wth an occup3tiorb that enab￿$ a disabled person to contribute lo society through work. In orderio ftjhll this a5ped of ourrni55K)n the tharily also undertakes activities in the following 8reas.' al Work and worki)asèd trainlng prowded to enable our disaNed colleagues to undertake maaninglul rnainslrearn empk)yment lin indwidual cases where disability perrnitsl. through progression. Where mainstream progression is not an option. chances of internal progression are maximised. Training is utKlertaken in Ihe speuk areas of factory produciion and re¢all. bl Access to Work- the Governll￿nt prO￿deS grants and support tor those who are disabled or have a physicAI or rTbental health condit￿n that make5 it hard for Ihem to do their jobs. Customers recefve support from coaches and reasonable adjustrnents from their employers to ensure they are not di5a(fv8ntaged in work. We ¢>JrrenI￿ have one job supporting our factory stsff. ¢1 Soclal Ilfe and behavlour- to achieve true integration into mainstream Soc￿tydl5ab￿d peoplÈ musl wssess the S￿al skills that are an essential part ol everyday life. To this 8nd, Yateley Industries encourages al our disatAed cuslomers and reSid￿lS to jDin in wlh soc4al actNiti85. All the disabled people at Yatdey IrKlustries are expected. and have the right. to live independent￿. A p￿ramMe of swal activities is provided in our Community Hub {see below). dl 011 Collectlon and Dellvery-wÈwork vthh kjcal uganisations to support them in thery)Ilection of old oil and lo delNer new cooking oil. The oil is recyckd on sitè arKI ithdes add￿0￿81 skills d w￿k lo some ol our staff. Helping Hands Charity Shop- Our charily shop on High Streel. Hartley Winlney was nol gen￿atIng enough incom8 to contribute any surplus to the (tsrity. so we made Ihe diffult decision to clt)se it and focus all of our efft>rts on our main sile in Yaleley. Community Pantry - Supported by Hampshire County Council and Hart Council the pantry supports individuats who are facing ftnanoal difficulties. peop￿ can awss fresh, frozen and am￿eThI food for 8 small metnbership fee each ￿7$11. We now have in excess of 750 members and it has ieceived excellent feedbad( from members and other supwrt organisalions. We are delvJhled to be further suppixting the local community and anticipate the panlry will provide lubJre work and training opportunities for Yatoley Industries. Community Hub- sui￿l￿g on the success of the Cornmunity Panty, we have c￿ated a Community Hub. This serves as a wbrant afKI inclusive space, fostering connections. nouri5hrnenl. growth. YATELEY INDVSTRIES FOR THE DISABLED LIMITED (A COMPANY LIMrrED BY GUARANTEEI DIRECTORS. I TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Our Community Café offers a delvJht(ul wlnary experience. vthere visitors can enjoy freshly bi¢wed ex)ff88 and indulge in homemade treats whik engaging in INely conversations. New versati18 Community Space5 are available for hire. accommodating various needs such as gatherin￿. training sessions and professional meetings. L85tty. OUT Cornfflunity AlkJtrn6nt invites individuals to reconnect with nature, creating a sense of nurturing aThl svslainable praCt￿e$. We also gratefullyaccept donations offrui¢8 an(J Vegetsb￿ for our Communty Panlry from c4Jmmunty grow8rs. YATELEY INDUSTRIES FOR THE DISABLED LIMrtED (A COMPANY LIMrtED BY GUARANTEEI DIRECTORS. I TRUSTEES, REPORT FOR THEYEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Summary of those directty benefitirKJ from yate￿ Induslries 3cbVtl￿". Total empbyees 78 Employee5 orb TESG & Atw+ 59 TESG Atw+ Local authorrty funded slaff Access to Work cu5tomew5 Volunteers Residents Community Pantry Members 18 39 730 at end of March 24. Occupancy of the residential buikjings has increased to 83% as we continue to deal wth th8 exodus during the pandemic. We havè to be vèry cAreful in adding Ihe right tharacters into our wonderful communily and this takes tirne. We trK)pe that the reinlroduclion of free ￿lce daity S￿la1 activities through our Cdmmunty program￿ Manager function WAI make the prospecl of living at YI n￿re appealing to new residents and their parentslcarers. Yateley IrKILJs1ries receN85 furKling from Ihe Departrrwt of W¢yk aThJ Pensions IDWPI. The rate lor TESG workplaces In￿ease￿ at the beginning of the year from £5.000 10 £5,505 per place per annurn. Yateley Industries is one of ten organisations invofved with the Proof of Concept for the DWP Access lo Work Plus IAtW+l which will eventualty replace TESG. This pilot was paused untll -Autumn 2024., when we hope to recruit new staff and Èvèntual￿ tr8nsl8r existing TESG $￿ff over lo AIW+ iow8rd8 the end ofthe calendaryear 2024_ W8 are 8Ctwety invofved in shaping the fvture ofthis concept, as Yateley Industr￿$. business is relianl on these payments to be able lo cover the wages paid to employees. The Access to W4Nk coath seNce. delivering in work suprK)rt has begun again in a small way. It15 very much in line ￿th the aims of the charity to supwwt people wÈlh disabi1iti85 into rn8aningful ernployment and fomis a large part of creating a pathway through our services, into'mainstream employment. and tsn8ures that disabled people do not all have to VKJrt in s￿la￿st Se)￿S. We added a Fundraising luncth)n part way Ihrwgh the year thanks to grant funding from the Aeonian FourKlalion. This has been enorniously successful. Maria IAannan our new Community & Events Fundraiser has done an inttedible job bringing the CA)mmunity in, raising awareness and generaknng ftJrKls for us. Poppy Bastin wr new Trusts & Grants Fundraiser, has already landed sorne ￿'g grants which have enab￿d us to supercharge ojr Communily Hub offer and get the Café off th6 ground. Within Ihe faclory, Ihe major ￿NItIeS undwtakan by Yatè* $mpk)ytre$ irtludè ￿kagIng prod￿1& such as soaps, svJnage, hardware and luxury hampers. P￿￿UCtion at the factory has continued to increase and we are plqnning to open later and a150 on weekends, in orderto help more disabled people into employment and aLso cDpe wth the increased demand from our customers aThJ the need to generate D￿ra income for us. We ne￿1 lo broaden our of customets arKI a￿ wr*king hard lo ansurè we have enough work for our tsams. We have growing numbers ol reguL4r v(Aunteers Ihat supwt the Charity. Many of these work the Community Pantry, but we are also working dtssely with many ¢orporate groups wa Communily Matters Partnership ICMPI who link corporate5 to charities to fulfil CSR oty'ectives_ These actniitl8s have helped us tidy th8 giwnds. repaint the communiiy spacEs and transfomi the factory into a bright and vibrant space. YATELEY INDUSTRIES FOR THE DISABLED LIMITED {A COMPANY LIMITED BY GUARANTEEI DIRECTORS. I TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The report confirms thal Ihe financaal slatements: Have been prep8Tèd in ac¢x)rdan(x with the ￿)Unting poliixes sel out in rKJtes lo the fina￿￿31 5talern8nts-, COm￿Y with the charivs goveming document: The Companies Act 2006.. and Accounting and Reporting by Charilies-. Staternent of Recornrnended Practice applicab￿ to charities preparing their accounts in accordanc£ with the Fwianaal Re￿ting Standard applieablÈ in thè UK and Rèwblic {th8-Charities SORWI TheTrusiees confimi that they have had regard tothe CharityCommi%sion's guidance on Publ￿ benefit. Flnanelal Positlon Thè Ch8rtVs knrnover iru8as8d 39% for the year. De5￿te a Ivrther tsll in thir(I paty Job Go8ch4ng aclwity, a reduction in charity Shop income and an 8% fall in Local Aulhority funding, there was tremendous growth in Fundraising. up overfNe-l Ihe perfomiance of their role. Yateley has an ont¥)arding p￿tesS for new Tnjstees to bri8f them of their legal obligations under Charity ar￿ company law. ihe contenl and the mèaning of the Mefflorandum and Artic]85 of Assouation. the rec£nt finanrial performance of the Charity and its future businass objectives. Trustees are ene4)uraged to take part in the day-ttrday activities of the residents and custL4ners lo enable them lo appreciate ihe needs of the staff and ￿Idents al Yateley. Rlsk Management The Trustees have a risk management stratagy vthich u)rywses: A busin&ss continuty plan WTih key rBks *Jentified atMI miltg8tion strategi8s, whth is feviewed at least annualty oras often as n￿sSary. The establishmènt ofsystems pr￿ed￿re$ io nNbgate those risks identified in the pLgn. The lrnplemenlation of procedures deswJned to mnimise any wjtential wnpact on the Charity sIK>uILI those risks materialise. One of the highest risks to the Charity ts the uncertainty wilh regards to CA)ntinued Central Govemment and L(KxI Authority fijnding. Our CEO wll continue to maintain dlakNJue wtth key partEs lo minimise Ihss risk. 10- YATELEY INDUSTRIES FOR THE DISABLED LIM￿ED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS, I TRUSTEES, REPORT FOR THE YEAR ENDEO 31 MARCH 2024 Organisational Structure The Charity 15 run by the Trustees, who meet at least quarterty, aThJ they 8rÈ aware tttat they have ultimate responsibility fly th8 Charity and make decisions colle¢tively. The Board has appointed three sub-committees to assist in overseeing priority areas are.. Firhwce. Intemal Affairs and Exiemal Affairs. A salaried CEO is appointed by Ihe Trustees to manage the day-tfFday tact￿￿1 0￿rationS of the Charity. To faeilitale effective operatiorhs, the CEO has lull del￿ated aulhority, within terms of delegation approved by Ihe Trustees, for all operatK>nal matters indudirwJ finance management and empbymenl. The remunerah.an of the CEO is set by the BoÈrd wlh reference to the pay of simiLar posib'ons in similar companieslcharilies. The CEO makes recommer)datbtins to ihe board on the 3tructurè of the managernent team aryj Ihe remuneralion of the Charity's other key management personnel. YATELEY INDUSTRIES FOR THE DISABLED LIMITED IA COMPANY LIMITED BY GUARANTEEI DIRECTORS. I TRUSTEES. REPORT FOR THE YEAR EhlDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS The following have been invofved wth the adnwnistration of Yateley duriThJ the 2023124 financial year.. DIreCtors￿rusteeS Michael Steel Sarah 8eckwith Mark Allen Carolyn Gsbb Edward Brunepcohen Philip Soulhwell Lucy de'Lem05 Neil 81ackley Dawn Jacobs {￿-OPted December 20231 Company Secretary Carotyn Gibb CEO Sheldon M¢Mullan Audltors Chamberlains Acc4)unlancy. Elm H￿Se. Tanshire Park. Elstead. GodalmiThJ. Surrey, GU8 6L8. Sollcitors Kni9hls PLC, Midbnd Hc4Jse. West Way. Bolky. Oxft)rd. OX2 OPH Banking Services Barclays Bank Pk. 1 Churchill Place, London E14 5HP Reliarlce Bank Limrted, 23-24 Lovat Lane. London. EC3R 8EB Pension Scheme Dalriada Trustees Limited are ihe Truslees ol Ihe Ya￿ley Indusirfes p8nsior) scheme. Reglstered Office Mill Lane Yale18y Harnpshire GU46 7TF Company Registration Number 448920 Registered Charty Number 229571 Charity Website vmv. atele ndustsiesAyr 12- YATELEY INDUSTRIES FOR THE DISABLED LIMITED {A COMPANY LIM￿ED BY GUARANTEE) DIRECTORS. I TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees Iwho are also the directors for the purrAJse of rA)rnpany lawl are responsible for preparing the Annual Report and the finanaal stalements in aCconjan￿ wth applicable law and regulations. Company law requires the trustees to prepare financial slalements for each finanrial year. Under that law the trustee5 must prepare the financial statements in accordance wlh United Kingdorn Generally Accepied Accounting Practice (Unrted Kingdom Accounling St3ndards and appliCa￿e lawl. Under company law the trustees must not approve the financial statement5 unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company atKI of the ir4coming resources and application of resources. including ihe income armj expermyilure, of the charrtable cornp8ny foi that period. In preparing these finanrAal statements. the trustees are required to-. al select suitable accounling poI￿jeS and Ihen appty thgm c￿nSistenI1y- bl obseNe the meihods and princip￿ in the Charities SORP.. cl make judgments and actounting estimates that are re￿￿onab￿ and pr￿lent. dl stste whether applicable UK Accounliro Stsnd8rds have been followed. subject to any material departures disclosed and explained in the financial statements." and e) prepare Ihe financial statements on the g￿ng concern basi8 unkn it is inappropriate to presume that charitable company wll C￿)tinUe to operate. The trustees are responsible ￿ keeping adequate accA)unting records that are sufficient to show and explain the charitable cornp8nWs transactions and disdose wth reasonable accuracy al any time th8 financial position of the charitable cornpany and enaNe thern to ensure that the financial statement5 CL)rnply with the Companies Act 2CX)6. They are 8lso responsible f(￿ 53feguarding the assets of the company and hence for iaking reasonable steps for Ihe prevention and detects.on of fraud arTrd other irregulaNties. The trustees confirm that so fèr as they are aware, there is no relevant audil information las defined by section 418131 of the Cornpanies Act 20061 of whicj) the charitsble company's auditors are unaware. They have laken all Ihe steps Ihal they oughl io have taken as tiustees in older lo fflake Ihemselves aware ol any relevant audit information and to establish th8t the dwrilable cotnpany's auditors are aware ol that information. Approv8d by Ihe Board of Trustees (bn and signed on ils behalf by Signed 25loR ( L Sarah Beckwith (Chalr) 13- YATELEY INDUSTRILS FOR DtSABLED LIMITED (A COMPANY LIMITED BY GUABANTEE} INDEPENDENT AUDITOR'S REPORT FOR THE YkAR ENDED 31 P+fARCH 2024 OPINION We have audited Ihe finanual statements of Yateley Industries for Ihe DiSab￿d Limited {ihe 'charit8ble compan￿) for Ihe year ended 31 March 2024 whith 0)m￿lSe the St8t8menl of Financial Admthes, the Balance Sheet, the Statement of Cash FI￿S and ￿te5 to the financial stalements, including a summary of 519nificant accounting poliues. The financial reporting fran*worf( that has been applied in their preparation is applrable law and United lfjngdom A￿UntIng Slandards (Unlted Kingdo Generally Accepted Accounting Practice). Including Financial Reporting Standard 102 The Financial Reporting Standard applicabls in lh8 UK and RepublK of Irelano (United Kin9dom Generally Accepted Accounting Practir£l. In our opinl)n the finan(ial slatements= give a true and fair wew of the state of ts th8ritable o)mpanVs affairs as at 31 March 2024 and ol its incoming resour<*s and 8ppI￿ation of resources, i￿luding its incom6 and expenditure, for the year then ended., hav8 bgen properly ￿ePa￿ in accx)rdaruz with Unrted lfjngdom Generally Ac￿pt￿l A¢wunb"ng Practice.. and have bBen prepared in accordance wth the requiremènts of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in ar￿￿an￿ wth International Standards Auditing {UKI IISAS IUKII and applicable law. Our reswjnsibilities under those standards are turther described in the Auditors responsitmlilies for the audit of the financial statements section of our report. We are independent of the tharitable company in accordance yrith the ethical requwem8nts that are re￿vant to our 3￿111 of the firiancial statements in the UK, including Ihe FRC'S Ethul Standard, and we have ftjffilled our other ethical responsibiliti.es In accordan￿ wilh these ￿qUire￿n&. W8 believe that the audit evidence we have obtained is suffiaenl and aPPTopriate to prowde a basis lor our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statem8ntS. W8 have o)nduded Ihal the trustees. use of the going concern basis of accounting in the preparation of the finan￿￿ statements is appropriate. Based on the wirk we have perfomied. we have not identified any material uneArtaTnties ￿lating to evttnts or condit￿nS Ihat, indiwdualty or collectivew, may Lzsl significant doubt on the entitys ability to continue as a going concem for a pèriod ol al ￿a51 twelve monlhs from when the financial 5talernents are authorised lor issue. Our reSp￿sIbIlitieS and the responsibilrties of the Iwslees wth respect to going (x)n(%m are described in Ihe relevant section5 01 this retx)rt. OTHER INFORMATION The other inlorm8tion o)mprises Ihe infomiation includ&Y in the annual report olher Ihan the financlal statemenls and our audrtorfs report thefeon. The t￿￿teeS are respDnsible for Ihe other informati<)n contained within the annual report. Our opinion on the fin8ncial statements d(￿ I￿t covef the tsther information and. except to the extenl otheMse explicity stated in our report. we do rK)t èxpr8ss any form of assurance c£Jndusion thereon. Our Tesponsibility is to the other informah.on and. in &)ing so. consijer whether Ihe olher informab.on is malerialty inconsisient with the finanryal statements or our kno¥￿edge obtained in the COLJrse ol the audrt or otherwise app63r5 to be matenally misstal&Y. 11 wè id8ntify suth matsrial inconsistencies or apparent material tnisstatements. we are required to determine whether th￿ gives rise to a material misstatement in the finanoal stalwenls theMse￿e￿. 11. based on the work we have performed. we cA>nclud8 that there 18 a material misststemenl of this olher infrrntion, we are required to report that lact. 14 YATELEY INDUSTRIES FOR THE DISABLED LIMJTED (A COMPANY LINllTED BY GUARAJ4TEE) INDEPENDENT AUDITOR'S REPORT FOR THL YEAR ENDED 31 NLiRCH 2024 We have nolhlng to repKWt in this regard. OPINION ON OTHER MArrERS PRESCRIBED BY THE COMPANIES ACT 2006 In our op¥nion, b358d on the work und8rlak8n in th8 (x)urse of the audrt.. the infomiation givg) in the RetMXt of the Trust￿ for Ihe finanryal year for whith t flnancLIl statements are wepared is c￿S151ent wth the ffinwcial statements., and the Report of the TDJstees has been prepared in a(¥xKdanco wilh applicab￿ legal requirernents. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the IKJht ol the knovAedge and uThJerstanding of the Charitab￿ u)mpany and its enwronmenl obtained in the course ol the audit. we have not ￿￿enti￿d tnaterial mi8Statements irh the Report of the Trustees. We have nothing to reFX)rt in respect ofthe folkming mattw5 where ￿ Companies Act 2006 requires us to retKJrt lo yoij if, in our opinion.. adequate acLOUntir￿ rec£Jrds have nol been kept or returrts adequate for our audit have not been received from branches nol visited by us: or the finanaal statements are not in agreementvth the acC￿￿Trg recAYds and relums- or rt8in disdosurgs of tnJslee5' remUrer8b.￿ speryfied by law are not rnadè., or we have nal received all thè information arKI explanations we require fat our audit.. or the trustees were not entitled to take adrdntage of the small companles exemptic from the requirement to prepare a strateg￿ Report or in prepamg the Report of the Trustees. RESPONSIBILITIES OF TRUSTEES As explained more fulty in th8 Statement of TrUSt￿S Responsibithtios. trustees (who are also the directors of the charitabje company for the Purposes of ccmpany law} are responslble for the preparalion of the financial statements and for beiThJ satisfied Ihat they gNe a true and fair view, and foT svch intemal C￿trol as the trustees determine is necessary to enable the preparation of finarbdal statements that are free from material misstatsmenl. whether due lo fraud or ￿[T￿. In preparing the financial statements. the trustees are responsib￿ fr)r assessing thè charitable Companls ability to conlirxje as a going rxjncem. disdosing. as applicable. matters related to g￿ng rx)n¢em and uslng the going con￿rn basis of accounting un￿sS the trustees either inlend to liquldate the charitable company or lo cease operations. or have no realistic alternative but to do so. AUDifoR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about ￿ther the financial stalemenls as a vhole are free from mater￿1 misstaternent. whethei due to fraud or ernr. and to issue a Report of the Independent Auditors that indudes our opinH)n. Reasonable assurance is a high level of assurance, but is not a ouarantee that an aud¢t coThgucted in accordance wth ISAS {UKI will aK¥ays detect a material mi5Statement when il exists. Mis51atemenis can arise from fra￿1 or error and are considered material if. indiwdually or in the aggregate. Ihey o)uld reasonabty be expected to influence the e¢x)nomic deu5ions of users taken on the basis of these financial ststements. 15 YATELEY INDUSnUES FOR THE DISABLED LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORJS REPORT FOR THE YEAR ENDED 31 MARCH 2024 The engagement pather er￿Ted ihal the engagement team (xillectNely h8d the appropriate competen￿, capabilities and skills to Klentify or rècA)gnise non-CX)rnpl1an￿ wlh applicable laws and regulations. We identified the laws and wulalK)ns appli(xble to the cxMpany through discussions with directors and other management, ènd from our comrnerryal kno¥￿edge and experience ol the sector. We focused on specific 18ws arKI regulations we considered may have a direci tnaterial èffect on the Iinancial statements or the operations of the company. We assessed the exient of compliance with the laws and regulations identified above through making enquiries of rnanagement.. and identified laws and regulations were communicated wlhin th8 audit team regularly and the leam remained alert to instances of non-compliance throughout the a￿￿1t. We assessed the susceplibility of the cA)mpanYs finanual slatements io material misstalernent, including obtaining an understanding of how fraud might ctcur. by making enquiries ol rnanagemenl as to where they considered there was susceptibility lo fvaud, their knovAedge of actual, Suspected and alleged fraud,. and Considering the intemal contrc4s in Pl￿ to mitigate risk5 of fraud and non- compliance with laws and regulations. To address the risk of fra￿ thro￿h management bias and overrKle of (knntrols. we performed analylic81 procedures to identify any unvsual oi unexpected relalM)nships, tested journal entries to identify unusual Ir3nsaclsons', asse&%ed whelh8r judgefflents and assumptions made in determining the accounting estimates were indicab.ve of potentsal bias., and invesl%Jated the rab'onale behind signlficant or unusu81 Iransadions. There are inherent limilabons in our audit procedures descxibed above. The more rernoved that laws and regulations are from finanaal IransaciKJns, the less likely il is that we would becorne awgre of non-compliance. Auditing standards also limit the audit procedures required to identify non- compliance with laws and regulations lo er￿UIry of Ihe directors and other management and the inspection of ￿gulatOry and legal (Xyre¥￿ndeDCe, if any. Material misstatements that arise dLE to fraud can be harikr lo ￿tect than those that arise from error s they may involve deliberate COn￿almen1 ￿ Gollusion. A further description of our responsibilities for Ihe audit of the ftnancial statements is located on the Fin3nci81 Reporting Council's website al.. h uklaJ&"to This de5QriPtion forms part of our Auditor's Report. USE OFOUR REPORT This report is made sO￿ty lo the charitable companls membèrs. as a b(Kty, in a(￿rdanC￿ with Chapter 3 of Part 16 of the Companie5 Ad 2006. Our audit work has been undertaken so that we might state to the charitable eompanls members those matters we are required lo state to Ihem in an auditors. report and for no olher purpose. To the fullesl extent permitted by law. we do not accept or assume responsibility lo anyone other ihan the charitable c(Mnpany and the charttable cornpanls members as a body, for our audit vK)rk, for this report. or for the opinions we have formed. Paul ChÈtnbedain Isenior Statutory Auditor) foi and on behalf of Chamberfatns Staluw Auditors and Chartered Accounlants Elm House, Tanshire Park Shacklelord Road. EL8lead Gcxlalming Surrey GU8 6LB Oate.. 16- STAIEMEI4TOFWIIP>JalLACrnPThE5 FOR ThEYEAR ENDED31hiARCH2424 INCOMEANOCII(KIWMENT5FROP* Charita￿e acb OthertyadinE4CtrfftJ 781,914 187.902 94a74 17&116 4)1014 176.105 s15￿1 IiU37 TOTALRICOME*140 ENCXIWMEpirs i.WgD EyPEN0￿VREoN. RaiSirehAnds thatilaL4EaaM￿eS 2x701 ,138 IIL837 366Yi 2217 79115 157A TOTALE¥PENLfftJRE 111837 ¥4J8*79 1.1849S8 IIEfiNCOMElItXPENoifuRO 7J.725 725 29*95 OIMÉR RECoGNISEDG￿NSI[LLW} uarial11055es118alTrs M ￿￿￿Ed&￿￿Ent%￿erneS ILossesllrdinsonthe redu4tianorfrtdx*ts {73.L I￿.234> [792341 N¥fMoiEMEN¥W4FUNDS 30￿ IL08J9n (232) 178.5LVJI 223.232 EC0t￿AT￿l*l0I HAOS Totsllund5biDuÈhif(rfwèrd TotslfuMts¢¥rfedfop•ard IM277 41426 4L194 J.no, L63l144 1.487.421 1,710,653 11.LWN301 The 5tBtEmertoffftono?14ctrkniMbJdes¥l8aThsatKlltsssesrtuerWlfflth•iYar. Al IncomeaDd exr￿(h￿r•￿ethES1r•nC0nO￿￿gac￿tle5(202I.￿l￿￿￿￿I￿￿thl￿tsTr. 17. YATELEYIIIOU5TRIL5FOR THEOISABLEDIVrn{A(OWAlfl UkThDbY611AK4NTEEI DALANCEsHt￿ASAT￿MIPO1?O14 RXEDASSETS TèDslb￿￿SSets 3.507.118 3,507A18 3.619.361 3,619J61 CURRENT A$5ETS 5totk Debtot5 Cash3tb&nk￿d in 12 13 S￿3 92 4)1￿? 97.566 217,957 320.139 cREC•TOR&.Am￿Jnts1￿1l￿tho ¥Atkknon•yHr 14 1711121 (gB,7911 ￿ETt￿l￿rIfiS5ElS 221.348 TOTAL A55Ef5lESSCURNENW u•BiufiES 3.914.1 OIEtMTo￿. th¢)unts1￿1￿th¢•fterrnOreth￿f￿￿¥ 16 IL245.WI I854￿61 NET ASSET5EXLIUPING PE1151L¥I LiINLwrY 2.668.144 1916.653 Dlfined be￿Ip￿r￿)￿nstherne ￿bIlli¥ IL036K 11.276Xfj)I TOTAL NEfA55ET5 1.642.144 1.71Q6S3 FUND5OFThECTr￿A¢T AESfWtIEDCUNDS iINHESTRKtED FUI*)S De5wled1￿Os.' 22 8qY*uoTiaThr￿Or Oes¥natedfunds 2.LY)8511 SOiJ39 i.FANJ.3 I2￿.?68 Y)8.509 LM.177 UThiestrlctedBeneral lunrf£ TOTALUNRESTAKTEDFUNOS 23 IIJA)Y.43Q) i.W.950 1.669227 TOTALFUNOS 1.632.144 i.n0ffi3 The5eacCOuntsh￿￿ beenpit￿red in acuKdanceTrJriththEspN￿pr*Tk1shx￿r￿￿t￿e￿￿rnaMco￿r￿ts￿7thIThpIrtl$oItr￿c0rya￿1es￿E i( )Id In accorthtèwth I￿￿4¥￿[¢￿$￿FRs 102. rhesE1￿0￿ts¥ieT*aPYry￿￿ authori5ed lori55Ut￿the Boètd( IdAJh MARKA IIEIIBLA(KLEY YATELEY INDusfRIES FOR THE DISABLED UMITED IA COMPANY LIMITED BY GUARAPfftE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 2023 Net cash flowfrom operating aclivities 26 1101.0401 110,0671 Cash flows from investing activities Purchases of r￿ed assets 110,8701 11.9631 Net cash from Inve5tln8 artlvities 110,8701 11,9631 Cash from finandng act5vltles Repayment of borrowings Cash inflovrfs from new borrowin8 153,1501 350.(MJO 174.4601 Net cash from financing aciivities 296,850 174.4601 Net increase/ Idecreasel sn tash and tash etyrvalents 184,940 186.4901 Cash and cash equivalents * beginning of year 217,967 304.457 C45h afKI cash equivalents at end of year 402,907 217,967 Cash and cash equlvalents compr5se: Cash at bank and in hand Bank overdrafts 402,907 217,967 402.907 217,%7 19- YATELEY INDLISTRIES FOR THE DIWLED UMITED IACOMPAMYUMITEO BYGUARAMfEEI P*)TESTOTHE FINAFICiALSTATEMENTS FOR THE YEAR EKIEO 31 MARCH 2024 GENERAI INFORMAllOII Yateley Inthstriesfor the rIsab￿d Limited ￿ a tharita￿e compary. liffAted ￿suarantee andwKLYporatedin Engsandand wae5. Its regi5teredoffice ts.. Mlll lane Yate￿V H8mpshite GU467fF The11na￿al$r*eMents3re presenred in Ster*ng. wh￿h tsthefuncthnal curreryofthe cTriy)y. and rnonetary amountsare rounded to1￿ r￿are5t￿U￿. 5fATEMENTOFKCQiIFmNG PQLKIES aslsol p￿￿rat￿)nOfIln4n¢laI siat•wirts These finanrial stateThtnts have been prepared inacc0rdar￿e th Accowtir¥aThJ Rep(rting ￿Charl￿e5.. Statementof R£xotnmended Prèthteappltsbleto¢hariiies prep¥l￿they finar￿la1 sts￿rne￿ts in accordance Wih the Fina￿[41 Rew>rringstsnd3rd app&"c3Ne in thèUK and ReputrAicof Irdaid IFRS 1021 -Chariiies 50RP IFRS 1021,. the FIr￿nCIal ReporriTr8Standard appkatle in the UKaTrY Republiiof ITdand IFR51021,' and thecompaThe5AC12￿. Yatekylndustries forthe Dis*led Limitsd meetsthe d£*ritioThofa pubfK bL￿￿fftentlty underRIS 102. TheTrv5teES haveco￿dered g(xngcmtem and arpoFthe upinw thattlr [harIty￿1¢onl1nUe tooperate ttyond 12 monttrts ofthese finantialst3tements 3pryD%td. TheT￿￿eeStheref0re con5k4eTthe g(xng concern ba￿$ to teapprowKate.11 rhe C￿Cern basiswas Th)tapwoprklte, adIustTr￿tsW0U1d ha% to be madeto reOJcethevalue ofa5sets totheirreco¥eraE4e amounts, to prLy4wJe foradditional liaknlj IhatThightar￿4￿d ￿ ￿￿$S￿￿ed3$SetsaS￿r￿nlasSets. Revenue reco8nhkn Incoming rÈsowces arethrived f￿￿aup4•tseSofthetharity andare stated 0ftw￿le￿I5(O￿ts and VAT. Rents represent the rents phyèbleby thedisaNed tenanr&andi5 received M￿n￿l￿thEIr￿m0f usiry ts￿efits. Rental irK(xne ￿ als) rece￿￿dfrOrn wrrfate tenart5. Income received brf wèy ￿dOnat￿)￿s, legarie5.wfts &nd contributh?ns tLYrf4ard5 eMp￿¥T1*￿3ndre￿dentyaI costs is indudedinthe State￿￿￿t of financhil arti¥*ie5 IntheyearirywhKh it is teteNatAe. GrantsreCeI¥ab￿ areincluded inthpyear in which the olferi5 CL¥iveyed thaiityexcept¥n t￿e£¥$e$ wheretheofferhasconditKns. such 8rant5 bein8 re<¢j￿ISeda5 irses ¢x pfoiÈcts. Re5trirted f¥nd5- Restricted f￿d5 receNed areto be used forspe¢ffically Dc*ninated e¥pe￿Ilure by the donor and are credited to irfome in rhe ye¥ in twhich they are ret¥ved. Where amounts are not speofically allor4ted against expendrture in thai year the balan￿ is deferred and added to the balance brought forw¥d on the restrict￿ fvnd5 and i4 used in 5ubsequentyears in line wtth the restrKiion5 ￿￿Ced by1￿ donor. -23- YATELEY INDUSTRIÉSFOR THE O￿ABlE0 LIM￿ED IACOMPANY UMITED BY GUAWITEEI NOTESTO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 CR1TKALACCOUNTII￿ ESnWITESAIIDJUDGEMENTS No 51Enif(canraccwntire estimates andjudgements had to be made bythe director5 in preparingthese linancial statements. STAFFC05TS 2024 2023 Number mbEr Average number ofperswsemplr4rd by thecompany. including directors. during the year.. Pr¢xluttlon sa￿9 and d15rributK)n AdmIn￿tratI￿ and man38emert 59 62 io 71 72 Z024 2023 stsff ClFsts incurreddw*igthe year in respect of theseernpknyees**re: WaEes and SaLAr￿5 Employers Nl Pension costs 746.101 774 5,475 636,214 14.302 4.096 770,350 654.612 Oper*iry c05t5 oldefined benefrt penyon xhemes are distltised Én Nore 20. One employee received ernol￿ents exceeding £￿.(￿l2025.. emdumwts of O membEr5 of staff wlthin the range of EflJ.CUI. £69,999) not ir￿lUding retirement benefits. The kty managemen¢ K*rsonnel ofthe£haritycomprise the tnstees the thief Executive OffKer. Thp total remuneration of key managefflent perS￿re1 ￿ringthe yearwas E74.03612023.. E49.14QI. Duringthe yeai. none of the trustees h3ve been rem￿erated via the chariW5 pWI ￿h￿e and rKJ twstee5' Èxpens￿ accurred. -24- YATELEY INDUSTRIE5 FOR THE DISABLED IIMITEO IA COMPANY LIMtrED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHAR￿ABlE AcnviTIES 2024 2023 Rent and charges receivable 281,188 235.079 Charges raised against local authorities.. Bracknell Town Council Wokingham Borough C(KJntil Hampshire County Council 5omerset County Council Nurth yorkshi￿ County Council 32,159 9.041 145,751 13.272 19,173 29.673 20.957 154,731 14,585 17.970 TESGI Access to Work grants receivable 291,864 308.919 792,448 781,914 INCOME FROM OTHER TRADING AcfivmES 2024 2023 Workshop Charity shop Community paniry Community hub Café 141,059 6.088 23,279 3,784 1,895 138,166 29,505 20.231 176,105 187.902 INCOME FROM DONATIONSAND LEGACIES 2024 2023 Fundraising Community Pantry Cafe 5LK),912 12,024 915 58,766 37,608 513,851 96,374 -2S- VATELEYIIIOV51WE5FQR 7￿[￿5*￿1ED(w￿rw1A(O￿￿￿¥A*•1￿DWl￿￿1￿[E4 IORIHEVE4REMLWI1W￿C￿ ID14 7QW) 47M 135P 19.857 2?.n6 1976 S￿￿11￿¢$¢$ 17￿ 4Q.459 023 41J26 S*r4es As25￿513 37￿1 42.76Y J1336 X&451 564514 43.767 73Jl8 5V7D 2]A pwrtc p$tya Tal Illai 4>¥JG 479JJ IAJ TOT is YATELEY IIIDUSTRIE5 FOR THE D￿LE0 UPAWTEDIACOMPANYIIP•*TED BY GUAR114TEEI ITESTOTHE FINANC14L STATEK14TS FIXITHE YEAR ENDED 31 MARry 2024 12 2024 2023 Réw materials s( 5.0)3 DEBTORS 20Z3 Tr* debtws Other deblOYS Prepayments ar￿a[c￿￿￿ irKomE 33.531 36.593 31.418 53.924 12.224 70,892 97.566 ank)unts induda4 ab￿arer￿e￿￿e￿1thmOnEV{rfthe balar*esheetdats. CREDITC*&' anvJuntsfalw%due*th otyeyear 2024 2023 B8nks I￿n$and owdrafts Trade creditors raxation arnj 50ual setwity Accwah anddeferred irKame 25.941 37,118 3,199 32,533 27,699 9.573 34040 72.112 98,791 Included wthintraje credito￿are wh*h ttoy b&1￿ swdretention oftitlecLwse5. 15 DEFERREO INCOME Included in accruals anddefe￿ed YKLwDelN(*2 141 ￿ defeJrEd i￿￿￿e0f £2.70I12023- £2.1391. Defer income relate5 to arnounts recew8J inatharKein re5pertofrectyvab* leasesandgrn)rs I￿al authOnt￿5. BalaDcea5 af i April 2023 1139 AmOUntre￿a$£d to ir*orrMng resour￿frOmger￿raIedful¥J5 Arnountdeferred iThyear 12,1391 1701 alanceas at 31 March2024 2,701 YATELEYINDUSTRIES FOR TME DISABiED UMITED IACOMPANY UMrrED 8Y GUAPA14TEEI NOTES TO THe FINANONI STATEMENT5 FOR YEAR ENC*0 31 MARCH 2024 16 CREDITORS.. fall￿8￿￿e afterrn(Ke than oneyear 2024 2023 Loans and overdrafts 1.245.%4 854.056 1,245.964 854,056 charity has a loan agreemerrt with Ae¢)nian Fourmlaikpn of £1500.W)of which £1.245,964 ha5 L*en drawn down. The loan agreement is overa 15 year ￿er￿d and carrie5 an annual inte￿trate ol 1.0% above the ￿nkOf England's Bank Rate. At 31 March 2024, the outstanding loan balantt was É1.245.W12023- E879.997 with Reliantr Bank which wa5 repaid in the yearl. Included in the amounts fallirE due aftv rrKxethafi ￿eYear are the fdl)w*ig wnounts wl¥th are due in more than five years.. 1024 2013 Loans and over)9.187 rney. Therearenoarnount5reteNable r*er0￿￿r. PENSK)N CfA4MfrMENTS ThE èPEn5VJD i￿5￿￿ fin71 pay.wl*thi5 dosed to lurtherrms50ncanirib￿I0n$. but ￿lI1(ontin￿low1￿PWslQe￿Bbk*l1knW 5Trthesthwhe. The 255ets otthe 5theme are ￿eldSeparat￿Y frornrkneofthe £rthp￿.￿￿ng￿Wd bYD3lri)la Trustee& bmitedastk pen￿onS(hemetn15￿eeS.D￿F1ad3Entsthted ¥Jere¥prAntedaSthepai￿Cn heme truSleesQ￿ 29 2Q13.A5thvgJpp(Ytin5e￿￿w.thP￿1Th?￿yffiakeS￿n￿ts tDthe5theme wtrerenete55Wyto In the fwi ThE maStre(fnt y￿ul¢lL￿ wa5pwloYmed foT ihE yEarEtthd 31 Matth 2024. nm5va1L4b￿ha5￿tQrn￿Tr￿￿ that therewasa net p￿l￿def￿r at 31 March 2024 ol£lX136XK*). The defthf(*theyear*)Jed 31 k4ar¢h2023wa5 £1.276.I￿.The ￿￿em￿tIn tr*Vearha$be￿ re￿e1 5nthestateDiert clfirwKTal The£rth￿￿Va￿rnIktsconlTS￿J¢1￿s defined ¢￿tril￿￿￿5th¢MÈv1ith p￿sT1￿Me￿[￿*irIUW*roIty*hI te5poTh*Li1it￿S.C￿t￿￿ubO￿5 ￿Yable i￿￿￿raT￿that&ed io wufrtandlu55aCtwnts. At thee￿J￿f rhe￿￿1. a ￿anCe01£2.0s4Wls￿e1ot￿¢sch￿nP_ PRlllclP￿￿cIv￿Au￿%5t1MPTlOrtS 475% LOSX Revèluationindeftfm** pen￿0￿ intr￿￿ RP113￿) pen￿0￿ In[r￿SeS￿lXfd 3 3n5% 3XnX Mortalty". S3PXA 2022105%1 S3PXA QAI 202110.S%1 AN¢￿￿(￿ ynw¢p•nents Pl￿ent¥al￿order1nPd Falrv¥ueof p&Trxsets i.8s1.￿N> 181S.QL¥JI L775,1K#) {499.OWI Netd￿ned lthikty 1.036.1MM) 1.27&L YATELEY INC41STrIESFOR THEDIUthLEDUk•TED(ACOMP*WILMTEDaY6UAk4MTEEI )TESTOTHE HMANCLILSTATEI4EMTS FOR1HEYEAR EFI(*0 3LfMKH 20Z 2D Ewit￿5 rash 615m Tot* ￿ets 8151YXI AMQU141$￿cOfy1￿Eo IIIT*￿STATE1￿0F FIIIAMC14LAcfMnES ÉxpEnse5wid ios.( iè).coJ iereston netILib￿itY 52.r s2.(￿7 45A retwn iS5*5k55 yiltiest Expenencelosse&onIia￿It hangtlnaSS￿lr (24.(U)I 14.( 173.LUI 339,L HAf(6ESIN FAIRVAWEQF PLAIffjM55ET5 Openingla*value of rAènassols EM￿0￿r￿0nt1knU￿c￿S etrteflts pall penses IDtEre5t ￿[Ly￿e 53).(YAI I￿.( I48￿) 470.r 3lO)O iu.(w} IS.￿0 (HAN6ESIN PAtSE14TVAUEOF oeRI￿￿KAT¢￿ATr0H 1.775. 83.rni kiteresi cost Beft¢frts pawj RerDea8urErDertl¥iiD5VbJ55e5oDdEthtYd bET￿ObbE￿t 148.rmi 1327.0 49.CO) 1ts51.LK¥) i.rnx -31- YATELEYINDVSIWFOR THEDI￿LÉOI1￿rn IACOMPA•IYiMnED BY￿K4￿nÉEl NOIESTOTHE FINANCL4ISTAIEMENf5 FOR THEYEARENDED 31 MARCH 2024 RESTft￿rED FUIIDS 2024 At l April 2023 Char8e5 alkcated 41.426 41h58 12a21 At 31 M¥ch 2024 41.1 41.426 Restricted itKometunds con5i5tof the sUr￿u5 oFdorwtW5 ieceth￿dtOWard5the wrOYaPJJIATIVEAGiME$8YFuI￿lYPf Total firt5 Z023 frJnd5 INCOMEAKJ E￿lOW￿FITS FRCU: 781.914 181.9)2 .374 781.914 187,9)2 9Q374 Ot￿[ tralin8 acti¥￿e5 Do￿tK)nS and lewes TOTAL IfKoME*AO ENtWJWMEI4TS i.(wi 1ffi6.19) EXPE11￿TuRE ON: 224.705 792,253 165.IXTh) Charitable Defined benefitschemes 792.253 1651 TOTAL EXPEN￿lURE L18L9S8 1,181,958 NET1NCC￿l(EMpENOrru[(i 1115.7681 1115.7681 Realocaifjon ofdepreclatlon dwrye5 betweeTrfunds >).291 OTHER RECOGN15ED IiOSSES1 Actuarial k)55eson defined benefit pl￿5 339.lJXJ 3391 NETMOVEMENTINFUNDS 253,523 130,0591 223.232 Totsi fvnthat l April 2022 11293,5731 1.739,3* 41.658 1.487.421 Totsl ￿ndS11 31 Marth 1013 2.AYI.277 41.426 1,710,653 YATEIEY IIIDV5TrESFOR THE D￿￿￿￿ IWWIÉO IACOMPApIYLMifED8YI￿*IlIIn￿l NOTES TOIHE Ff4ANCLALSTAIEMEpirs FOR ThE YEAIt ENDED 31 MARCH ZOZ4 RECON￿[￿110N OF ￿TIl￿O￿E/{ExPENDIriX1E1TOmE1 CNSH FLOWFROMOPERATr46Acriwrns 2024 2023 Net inccffiellexpt￿￿YrElfQrl￿)Y3r 73.725 1115.7681 Ad￿st￿er￿￿￿'. Deprecktlon Interest 43,579 73218 1313.oml {39n 26,674 I4￿39) 44,615 Net ex￿Thse 1lnciea5elldecrease insto¢ks Ilnciea5ellthcrea5e in debtDIS Inc￿3$e/ Idecreasel incrediwrs 45,L 140.3171 5,916 IID.0671 AIY5ts0F CHA14GES 1414EfoEBT i ))2Y C45hlh)ws At31 March Z024 Cathar￿ usheqW￿•1ert$ C4sh 217.967 2L7.967 iU.940 184,940 402.￿3 402,W7 Debt within (M*Vtar Dèbt aftÉr oneTrt I￿.941) 1854.0561 1879.9971 14.42a 11.518 180.6351 IL245.WI (1.245.￿) I￿,850? 1662,0 169,U71 1143,0571 REiATED PNJtThTR*￿*rll