Impact Training Nl Limited
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds
2024
Unrestricted
funds
Total funds
Note
Income and endowments
Donations ar)d legacies
Charitable activities
Other Irading activities
Investment income
Olher income
950
1.717.817
65,248
20.743
5.639
950
3.011.887
65,248
20.743
5,(i39
46,858
2,430.965
74,589
6.607
1.294.070
Total income
1,810,397
1,294,070
3.104,467
2,559,01g
Expenditure
Expenditure on charitable activities
Total expenditure
10.11
1.677.054
1,303,118
2.980,172
2,446,667
1.677.054
1.303.118 2.980.172
2.446.667
Net income and net movement in funds
133,343
{9,0481
124,295
112,352
Reconciliation of funds
Total funds brought fnrward
Total funds carried forward
.fj.R67.-57q
5,$18rJ.6?.7
5.76R.?75
6.000.922
4.000
6,004.922
5.880.627
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on payes 32 to 45 fomi part of these financial statements.
29

Impact Training Nl Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
Investments
17 2,491,780
18 2,505,510
2,423.830
1,893,631
4,317,461
4,997,290
Current assets
Debtors
Cash at bank and in hand
19
164,015
902,710
185,396
1,439,819
1,066,725
1,625,215
Creditors.. amounts falling due within one year
Net current assets
20
59,093
62,049
1,007,632
6,004,922
1,563,166
5,880,627
Total assets less current liabilities
Not assets
6.004,922
5,880,627
Funds of the charity
Restricted funds
Unrestricted funds
4,000
6,000,922
6,004,922
13,048
5,867,579
5.880,627
Total Gharity funds
23
These financial statements were approved by the board of trustees and authorised for issue on 17
September 2025, and are signed on behalf of the board by..
Mr lan Jamison
Trustee
MT Wllli
Trustee
In
Mr Paul Magee
Chariiy Secr
tary
The notes on pages 32 to 45 forni part of these financial ststements.
30

Impact Training Nl Limited
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operating activities
Net income
124.295
112,352
Adjuslmenls for."
Depreciation of tangible fixed assets
Dividends. interest and rents from investments
Other interest receivable and similar income
Interest payable and similar charges
Accrued expenbEbl(i¥lLVlllEI
104.178
111,879)
(8.864)
2.236
726
99,550
{6.607}
1.678
112,480)
Ghanges in..
Trade and other debtors
Trade and other creditors
21.381
13,682)
228,391
307.000
{34.1181
467.375
Cash generated from operations
Interest paid
Interest received
(2.236)
8,864
235.019
11,678)
6,607
Net cash from operating activities
472,304
Cash flows from investing activities
Oividends, interest and rents from investments
Purchase of tangible assets
Purchases of other investments
11,879
1172,128)
1611,879}
(772.128)
(13,721)
{56.7441
{70.4651
Net cash used in investing activities
Net (decrease)Iln¢rease in ￿5h and cash equlvalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(537.109)
1.439.819
401,839
1,037,980
902,710
1.439.819
The notes on pages 32 to 45 fomi part of these financlal statements.
31

Impact Training Nl Limited
Notes to the Financial Statements
Year ended 31 March 2025
General infomiation
The charity is a public benefit entity and a private company lirnited by guarantee, regislered in
Northern Ireland and a registered charity in Northern Ireland The address of the registered office
is 16 Lanark Way. Belfast, BT13 3BH.
Statement of compliance
These finan￿al statements have been prepared in compliance wilh FRS 102. The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
R9.rnmmg.ndp.d prar.liep applicable lo charities preparing their account5 in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP IFRS 1021) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. as modrfied by the
revaluation of certain financial assets and liabilities and investrnent properties measured at fair
value through income or expenditure.
The financial ststemenls are prepared in sterling, which is the functional currency of the entity-
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estirnation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future evenls Ihat are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the tnjstees for particular fvture project or
commitment.
Reslricled funds are subjected to restrictions on their expenditure declared by Ihe donor or
through the terms of an appeal. and fall into one of Iwo sub-classes.. ￿$tri￿ed income funds or
endowment funds.
32

Impact Training Nl Limited
Notes to the Financial Statements (coJ7finue<l}
Year ended 31 March 2025
Accounting policies (¢onllnued)
Incoming resources
All incoming resources are included in the statement of financial activities when entidement has
passed to the charity; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the good5 unless this is
impractical to measure reliably. in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated faulities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the conln"bulion of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
Contracted serviGe. This is classified as unrestrithd funds unless there is a coiilracludl
requirement for il to be spent on a partiujlar purpose and returned if unspen( in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities lo which it relates-.
expendlture on ralslry fun(15 includes the costs of all fundraising acttvities. events, non-
charitable trading aclivities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its chartlable aims for the benefit of its beneficiaries, including those
SUPPOrt costs and costs relating to the governance of Ihe tharity apportioned io charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categorie5 refiectirbg the use of the resource. Direct costs
attributable to a single activity are allocated direcuy to that activity. Shared costs are apportioned
between the activities they contribute to orb a reasonable, justifiable and consistenl basis.
Tangible assets
Tangible assels are initially recorded at cost. and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
33

Impact Training Nl Limited
Notes to the Financial Statements {conlffnuedJ
Year ended 31 March 2025
Accounting polFcie5 (continuedj
Tangible assets [continue
An increase in the carying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses. unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except to which it offsets any previous revaluats'on gain, in which case the Ioss 15 shown within
other recognised gains and losses on the slaternent of financial activities.
Depreciation
Depreciation is calculated so as lo wrile off the cost or valuation of an asset. less ils residual
value, over the useful economic life of that asset as follows:
Freehold property
JACS
Fixtures and fittings
Motor vehides
Equipment
2gk straight line
12Yo Straight line
120/0 Straight line
200h straight line
200A straight line
Investments
Unli51ed vquily iiivttbliiients are irkbtially recorded at cost, and ￿ub*￿CqUcn11Y mgasursd at fair
value. If fair value cannot be reliably measured. assets are measured al cost less impairment.
Listed investments are measured at fair walue with changes in fair value being recognised in
income or expenditure.
Investment property
Investsnent property is initially recorded at cost. which includes purchase price and any directly
attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair
value are reco9nised in income or expenditure.
If a reliable measure of fair value is no Songer available without undue cost or efft)rt for an item of
investrnent property. it shall be transferred to tangible asset5 and treated as such until it is
expected that fair value will be reliably measurable on an on-going basis.
Investments in associates
Investments in associates accounted IC￿ in accordance with ihe cost model are recorded at cost
ess any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially
recorded at the transaction price. At each reporting date, the investments are measured al fair
value, with changes in fair value taken Ihrough income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort, the cost model will be adopted.
34

Impact Training Nl Limited
Notes to the Financial Statements (¢ondnuedJ
Year ended 31 March 2025
Accounting policies (continued)
Investments in associates {continuedJ
Dividends and othér distributions received from the investment are recogni5ed as income without
regard lo whether the dislribulions are from accumulated profits of the associate arising before or
after the date of acquisilion.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are
recorded at cost less any accumulated impairment losses.
Investsnents in jointly conlrolled entities accounted for in accordance with the fair value model are
initially recorded at the transaction price. At each reporting date. the investments are measured
at fair value, with changes in fair value taken through income or expenditure. Where it is
impracticable lo measure fair value reliably without undue cost or effort, the cost model will be
adopted.
Dividends and other distributions received from the investment are recognised as income wthout
regard to whether the dislribulions are from accumulated profits of Ihe joint venture arising before
or after the date of aGquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date. with the recoverable
amount being estimated where such indicators exist. Where the carrying value eX￿ed5 the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting dale.
For the purposes of impairment testing. when it is not possible to estimate the recoverable
cirnuunt of an individual asset, an e5titnate 15 made of Ihe recDVEl<ible ainounl of Ihe I￿Sh-
generating unit lo which the asset belongs. The cash-generaling unit is the smallest idenlifiable
group of assets that includes the assel and generates cash inflows that largely independent of
the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date. allocated lo each of the CaSh￿eneratIng units that are expected to benefit from
the synergies of the combination. irrespeclive of whether other assets or liabilities of the charity
are assigned lo those units.
Financial instruments
A financial asset or a financial liability is rec¢)3nised only when the charity becomes a party lo the
contractual provisions of the instrumenL
Basic financial inslruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured al the cash or other
considerats'on expected to be paid or received and nol discounted.
35

Impact Training Nl Limited
Notes to the Financial Statements (continutdj
Year ended 31 March 2025
Accounting policies {conlinuetlJ
Financial instruments (contlnuedj
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment IS Subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. including derivatives. are initially recogniserj at lair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interesl
that is not a market rate, in which case the asset is measured at the present value of the fulure
payments discounted at a market rale of InleresL for a similar debt inslrutnenl.
Other financial inslrument5 are SubseqUen￿Y measured at fair value, with any changes
recognisgd in thg s13tement of financial activities. with the exception of hedgino in%tnimp.nt* in
designated hedging relalionship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impaimienl at the end of each reporting date. If there is objective evidence of impaim)enl. an
impairment 105S 15 recognised under the appropriate heading in the statement ol financial
activities in which the initial gain was recognised_
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the exlenl that the reversal Iloes not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairmenl not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related Servi￿ is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayrnent will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly wthin 12 months of the end of Ihe
reporting date in which the employees render the related service, Ihe liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
Impact Training is a company lirnited by guarantee and accordingly does not have a share
capital. Every membeF of the company undertakes to contribute such amount as may be required
not exceeding £1 to the assets of the charitable company in the event of its being wound up
while he or she is a member, or within one year after he or she ceases to be a member.
36

Impact Training Nl Limited
Notes to the Financial Statements (Continued)
Year ended 31 March 2025
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Donations
Donations and fundraising
950
950
Unrestricted
Funds
Restricted Tolal Funds
Funds
2024
Donations
Donations and fundraising
45.867
991
46.858
Charitable activities
UnreslFiGled
Funds
R￿￿trIb1¥￿ Total Fuiids
Funds
2025
DEL TFS grant
LEMIS JAC grant
CFSP
Jobstart
Schools training
CIT Employability Project
Joinery project
Independent training
Community Foundation Granl
BCC Bridges to Prog l Across the Line
CDHN - Elevate
Fit for a King
Evening Enterprises
PHA
OCN
Digital Hardship
1.716.224
649.291
660.582
2.265,515
660,582
17.718
17.718
1.593
41,339
1.593
41.339
4,000
1.000
4.000
1.000
11,500
1.500
7.140
11,500
1,500
7.140
1.717.817
1,294.070
3.011.887
37

Impact Training Nl Limited
Notes to the Financial Statements {contiffl7uedJ
Year ended 31 March 2025
Charitable activities (continued)
Unrestricted
Ftjnds
Restricted Tolal Funds
Funds
2024
DEL TFS grant
LEMIS JAC grant
CFSP
Jobstart
Schools training
IT F.mplnyahility Prnject
Joinery project
Independent training
Community Foundation Grant
BCC Bridges to Prog l Across the Line
CDHN - Elevate
Fit for a King
vening Enterprises
1.325.739
397.688
551.161
14.874
3.611
1,723.427
551,161
14,874
3,611
56.883
56.883
575
4.910
39.750
18,245
5,000
4.720
309
7.500
575
4.910
39,750
18.245
5,000
4,720
309
PHA
OCN
Digital Haidship
7.500
1,331.533
1.099.432
2.430,965
other trading activities
Unrestricted Total Funds Unreslricted Total Funds
Funds
2025
Funds
2024
Rent receivable
Refijnds receivable
Room hire
64.281
967
64.281
967
71.354
2,615
620
71.354
2.615
620
65.248
65,248
74.589
74.589
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Income from listed inveslments
Interest receivable - gross
11.879
8,864
11.879
8,864
6,607
6.607
20,743
20,743
6,607
6.607
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Other income
5.639
5,639
38

Impact Training Nl Limited
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
10. Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Charitable Activities
Support costs
1.569.918
107.136
1.303.118
2.873.036
107,136
1,677,054
1,303,118
2.980,172
Unroslrictgd
Funds
Restricted Total Funds
Funds
2024
Charitable Activities
Support costs
1.098.645
99.573
1.248.449
2.347.094
99.573
1.198.218
1,248.449
2,446.667
11. Expenditure on charitable activities by fund type
Actlvldes
undertaken
directly Support costs
Total funds
2025
Total fund
2024
Charitable Activities
Govemance costs
2.873.036
84.547
22.589
2.957.583
22.589
2.427.034
19,633
2,873,036
107.136
2.980.172
2.446,667
12. Analysis of support
Analysis of
Support
Costs
Total 2025
Total 2024
staff costs
Premises
General office
Finance costs
Governance costs
Accountancy costs
28,760
14.719
3.956
4.198
22.589
32.914
28,760
14.719
3,956
4,198
22,589
32,914
36,544
12.646
6.224
1,678
19,633
22,848
107,136
107,136
99.573
13. Net income
Net income is stated after chargingl{crediting):
2025
2024
Depreciation of langible fixed assets
104.178
99,550
39

Impact Training Nl Limited
Notes to the Financial Statements {¢ontffnuedJ
Year ended 31 March 2025
14. Auditors remuneration
2025
2024
Fees payable for the audit of Ihe financial statement5
7,925
7,540
15. Staff costs
The total staff costs and employee benefits for the reporting pertod are analysed as follows".
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
1,486.522
136.081
83.605
1.331,196
119,051
68.976
1,706.208
1,519,223
The average head count of employees during the year was 50 (2024.. 48}. The average number
of full-time equivalent employees during the year is analysed as follows..
2025
2024
Impact Training
Job Assist Centre
34
16
29
19
48
The nvmber of employees whose remuneration for the year fell within the following bands, were..
2025
2Q24
No.
£60,000 to £69,999
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning. directing and controlling the activities of the charity. The total compensation paid to key
managèmènt personnel for services provided to the charity was £134.138 (2024=£129,4071.
16. Trustee remuneration and expenses
The trustees were not paid or received any other beneffls from employment neither where they
reimbursed expenses during the year.
40

Impact Training Nl Limited
Notes to the Financial Statements {conlinuedl
Year ended 31 March 2025
17. Tangible fixed assets
F￿ehOld Plant an(1 Fixtures and
property machinery
fittrngs
Motor
vehicles Equipment
Total
Cost
At 1 Apr 2024
Additions
2,859.695
14.225
144.207
147,584
20,940
68,970 3,108,037
24.544
172,128
At 31 Mai 2025
2,859.695
14.225
291.791
20.940
93.514 3.280,165
Depreciatlon
At 1 Apr 2024
Charge for the
year
524,378
6,368
83.268
20.940
49.253
684.207
52.B38
1,269
34,588
15.483
104,178
At 31 Mar 2025
577.216
7.637
117.856
20.940
64,736
788,385
Carrying amount
At 31 Mar 2025
2.282.479
6,588
173.935
28.778 2,491,780
At 31 Mar 2024
2,335,317
7,857
60,939
19.717 2,423,830
18. Investments
Listed Investment
investments
properties
Total
Cost or valuation
At 1 April 2024
Additions
1.893,631
1.893.631
611.879
611.879
611.879
At 31 March 2025
1.893.631
2.505,510
Impairment
At 1 April 2024 and 31 March 2025
Carrying amount
At 31 March 2025
611.879
7,893.631
2.505.510
At 31 March 2024
1,893.631
1.893,631
All investments shown above are held at valuation.
41

Impact Training Nl Limited
Notes to the Financial Statements (conthivedj
Year ended 31 March 2025
18. Investments (continued)
Investrnent properties
Investment properties comprise..
1. 236-242 Shankill Road, Belfast
2. 1 Merkland Place, Belfast
3. Unil 1,Unil 2 and 14 Lanark Way. Belfast.
The fair value of the investment property has been arrived at on the basis of a valuation carried
out in February 2022 by Rea Estates. who are not connecied wtth the company. The valuation
was made on an open market value.
Financlal assets held at fair value
Fixed asset inveslrnent5 are slated at cost less provision for diminution in value. The listed
investments are valued by Evelyn Partners UK and held at market value.
19. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
Olher ijebtors
15.073
32.334
115.608
49,746
31,141
104.509
164,015
185,396
20. Creditor5: amounts falling due withln one year
2025
2024
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
10,219
48.690
18,815
10.764
23.346
9,124
59,093
62,049
21. Deferred income
2025
2024
Amount deferred in year
37.200
22. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribub'on plans was £83,605 {2024= £68.976).
42

Impact Training Nl Limited
Notes to the Financial Statements (conlinue
Year ended 31 March 2025
23. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2024
Income Expenditure
Transfers
General funds
Share Capitsl
Revaluation Reserve
5,607,990
1.810.397 (1,622,051)
5.796.336
259,578
5.867.579
155.003)
1.810.397 {1.677,054)
204.575
6.000,922
At
31 March 202
1 April 2023
Income Expenditure
Transfers
General funds
Share Capital
Revaluation Reserve
5.298.127
1,458.596 (1.145.380)
(3.353) 5,607,990
312.416
(52.838)
1.458.596 (1.198,218)
259.578
5.610,554
(3,353) 5,867,579
Restricted funds
At
31 March 202
At
1 April 2024
Income Expenditure
Transfers
DEL TFS Grant
LEMIS IJAC)
Jobstart
CIT Employabilty
Project
Community Foundation
549.293
660.580
17.718
(549,293)
(660,5801
(17,718)
41.339
(41,339)
(37)
37
43

Impact Training Nl Limited
Notes to the Financial Statements (confinuedj
Year ended 31 March 2025
23. Analysis of charitable funds (¢ontlnved)
PHA
CFNI- Business Eye
Fund
Clear
Belfast City Council
Digital Hardship Fund
Donations
Fit for a King
CFSP
PHA- Mental Health
Support
CDHN Elevate
9.699
4.000
7.140
1.500
(13,699)
(7.140)
(1.500)
3.312
11.500
1.000
(10.812)
(1.000)
1.294,070 (1.303.118)
4.000
13,048
4.000
At
31 March 202
At
1 April 2023
Income Expenditure
Transfers
DEL TFS Grant
LEMIS IJAC)
Jobstart
CIT Employabilty
Project
Community Foundation
PHA
CFNI- Business Eye
Fund
Clear
Belfast City Council
Digital Hardship Fund
Donations
Fit for a King
CFSP
PHA- Mental Health
Support
CDHN Elevate
397.687
551.161
3.611
1400.943)
{672,518}
{3.6111
3,256
121.357
15.270
4,444
712
56.883
39.751
5.000
(72,153}
(44,158}
(5.7121
37
1,133
2.b05
12.000
(1,133)
(2,8US1
(20.546)
18,245
9,699
991
4,720
14,874
(991)
(4,817)
{14.8741
97
7,500
(4.1881
3.312
157.721
1.100.423 (1.248.449)
3.353
13.048
Transfers have taken place inthe prior year from unrestricted funds to restricted lo cover deficits
which have arisen.

Impact Training Nl Limited
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2025
24. Analysis of net assets between funds
Unrestncted
Funds
Restricled Total Funds
Funds
2025
Tangible fixed assets
Inveslments
Current assets
Creditors less than 1 year
Net assets
2,497.780
2,505.510
1.025,525
(21,893)
6,000.922
2.491.780
2,505,510
1,066.725
159.093)
6,004,922
41.200
(37.200)
4,000
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed a55ets
Inveslments
Current assets
Creditors less than 1 year
Net assots
2,423,830
1,893.631
1,612.167
{62,049)
5.867,579
2,423,830
1,893,631
1,625,215
162,0491
5,880,627
13.048
13.048
25. Ethical standards
In common with many other businesses of our size and nature we use our au(iitors to prepar6
and submit returns to the tax authorities and assist with the preparation of the financial
statements.
26. Taxation
The Company is a registered charity. and as such is entitled to tax exemptions on income and
profits in furtherance of the charivs primary objectives.
27. Contingencies
A contlngent liability exists to repay grants and Trust monies received should certain conditions
not be fulfilled by the charity. In the opinion of the Trustees. the terms of the Letters of Offers
have been. or will be, complied with and no liability is expected.
28. Analysis of Changes in net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and in hand
1.439,819
(537.109)
902,710
45