RELATE NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Vnr•strictèd R•striet•d funds funds 2024 2024 Total Vnr•strict•d R•stricted funds funds 2023 2023 Total 2024 2023 Notès Income from: Donations and lega¢ies Charitable activeS Other trading aclivtbes Investments 434.578 228.350 74.031 249 179.321 613,899 228.350 74.031 249 571.558 210.586 85,510 53 275,997 847,555 210.S86 85,510 53 Totsl income 737.208 179.321 916.529 867.707 275.997 1.143,704 Expenditurè on-. Charitable "V[beS 857275 202.131 1.059.406 812.737 276.632 1,089,369 Total expenditure 857 275 202,131 1.059,406 812,737 276.632 1,089,369 Net Incomdlexpgndlturgl and ovement in lund5 1120.067) 122,810) {142.877) 54.970 16351 54,335 Reconciliation of fund5= Fund balantes at 1 April 2023 .345 22,810 989.155 911,375 23.445 934,820 Fund balancès at 31 MaKh 2024 846.278 846.278 966,345 22.810 989,155 Th& stal&ment of finan¢ial 8Cliviti&s includes all gains and l(tsses reCOlSd in1he year. All income expendf(ure dtrrfve from continuing activitie& 25-
RELATE NORTHERN IRELAND BALANCE SHEET AS A T 31 AIARCH 2024 2024 2023 pkntes Flxed assgls Tangible asseis 12 653,585 664,190 Cuffènt a$s*ts Debtors Cash al bank and in haThJ 13 139,828 127.384 154,278 263.667 267,212 417.945 Cr•ditors: aMots falling duè within on• year 15 160.8871 {69.3461 Net current assets 206,325 348,597 Total assets less current Ilabllltles 859.910 1.012.787 Creditors= amounts lalling due 3fter more than one year 16 113,6321 123.6321 Nel assets 846.2T8 989,155 Income funds Restn"cled funds unrestr10d funds Designated lund5 General unrestricled funds Revoluab"on reserve 17 22.810 18 653.585 183.220 9,474 716,854 240,017 9.474 846.2T8 966,345 846.218 989,155 26-
RELATE NORTHERN IRELAND BALANCE SHEET {CONTINUED) AS A T 31 AIARCH 2024 The company is entrfed to the exempiKm trom the a111 requirement contaied in section 477 01 the Companies Act 2006, for U)e year ended 31 March 2024, atthough an audit has been (rried tsut urKler secb.on 144 of the chaiib.es Act 2011. The marnbers have not required Ihe company lo obtain an audii of 11$ financi41 staternents under the requirements of ihe Companies Act 2006, lor the yewin queslion in accordance wlh sh"On 476. Th8 Truste8s acknoVAg8 their r8SPOll5ibilth"8s for ensLng that 1he charity ke8ps CoUntIng r8cor( which cornply wth section 386 of the Act and for preparing finan-ial staterrents which gve a true and fair vivw of the stale of affairs of the company as al the end of the financial year and of its ino)ming iexwrces application DI resources. including 115 income and exp8ndrture. for the financial year in accordance wth Ihe r8quir9rn8nt5 of 5ecbons 394 and 395 and which ath8rwis8 comply with Ihe requirements of the Cornpanie5 Acl 2006 relating to financi statements. so lar as applicable to the company. The member5 have not required Ihe cornpany lo obt3in an audit of it5 financial state15 urKler the requirements of the CompanSes Act 2006. Yof ihe yew In question in aCCordce Wilh Sh"On 476. These financial siaternents have teen prepared in accordan wilh the Ffovisions applicable to cornpar¥es subject lo the small cornpanies regiThE. The financial statements were appro¥ed by the Trustees on 23 December 2024 Is N Dowey Trustee Company reglstratlon nunkner N1032111 -27-
RELATE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng poIi¢itr$ Chority Information Relate Northem Ireland is a prwale company linmted by gu8r8niee incorFoialetl in Northem Ireland. The registered Offi is Glengall Exchange, 3 Glengall Street. BeffasL Co. Antrim, BT12 SAB. 1.1 Accounting convention Th8 finanaal statements hav8 been prepared in accordanc8 Ith the tharitys Memordndurn and Arbtl8s of Asso¢iation, the Companies Act 2006 and "Accounting and Reporting ty Charities.. Statement of Recommended PraCte applicable to charities preparing Iheir acojunts in accordance 4rilh thg Fin(la1 Reporting Standard applicable in the UK and Republic of Irdand IFRS 1021° las wnended f xixwjntirg periods cY)mmencing from 1 January 20161. Thg tharity is a Public B8nafit Enbty as deffin8d by FRS 102. The financial statements are prepa In sterting, which is the cxjrrew ol Ihe d)arity. Monetary amounts in th8se financial slalements rgundod lo Ihe neartrsl £. The finanaal statements have been prepared under the historical c05t convents"Dn, rnixlified to Include the revaluation of freehold properlies arKI to include investment PK)tHbes arwj cetlain ffirwcial instrufflents al fair value. The principal accounting policies adopted are set oul below. 1.2 Going concern At the lime of approving the finarrial slaiements. the Trustees have a reasonable expectalon 1hat the charity has adequate resources to continue in operaiional exisletKt lor the foreseeable future. Thus the Trustees continue to adoplthe going conGem basis of ar£oty"ng in preparing the Ianc481 slatements. 1.3 Charitable funds Unrèstrictèd funds arè available for use at the discretion of Ihè Truslèès in fijrlherance of th8ir charitabl8 oblectivès. ReStted hJnd5 are SSerI to spectrconditrons by donors or granlors ys to how Ihey rnay be uwl. The purpose5 and uses of the restricted funds are sel oul in the notes io the finanoal St8ments. Endowment lunts are to sk)eaffic conditKMS by donors that the capital must be n)aintained by the charity. 1.4 Incorne Income is recognised when the charity is legalty entided io it after any perforn)ance conditiDns have been met, the amounts Can be measured reliably. and it is probable ihat in¢ome will be received. Cash donations are rewgnised on receipt. other thn8tion5 a rewgnised orKe the charity ha5 been notified of Ihe donakn'on. unless performance condibons require delerral ol the aTrKMJnl. Ine tax recoverable in relabon to donations receied under Gift Aid or deeds ol covenant is recognised al ihe lime of Ihe donalion. Lega¢itts are recoyiiised ty) receipt Ollierwise if ihe ¢hariiy hab been iiotified an ir)Ipeiiding tjislributior), the amouTrl is known. and rlpt is expd. If the 0nI is ncl known. the legacy is treated as a contiigent asset. Tumover is measured at the fair value ol the consKJerathon received or [Vable and presents amounts receivable for gwds and swvi¢es provided in tho nomial course of business, net of di$¢ounts, VAT and other sales related taxes. 28-
RELATE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (colNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢i•s Icontinutdl 1.5 Expenthtur Liabilrties are regnised as soon as there Is a legal or $trICtl¥e oblitr"on Cornmitting the tharily to the expenditure. All expendilure is accounted for on an rual$ basis and has been dassified under headings Ihal ag9regale all costs related to the eAtegory. Chari18ble expenditu ¢(Mnprises Ihose Costs in¢urred by Ihe Charity in Ihe ddivery of its activities and services for its beneficiaries. It includes bo1h cosis Ihal car) be alocated directly to such acbvities and those costs of an indirect nalure necessary to support them. 1.6 Tangible fixed a55ets Tangible fixed assets are in"allY measured at st and subsequenuy measured at cost or valuab'on, net of depreciation and any impairment losses. DepreciatTon is recognised so as io wrrite off the (x)st Dr val110Th ol assets less if1r residual values over Iheir useful lives on Ihe follo%ving bases.. Fr86hDld land buildings Office equipment Fixtures arKI fittings Computer5 2% straight lin8 20°A sttaight line 10% strdight line 25% redlg balan The gain or loss arising on the disposal of an asset 15 detemiined as the diffferer between the sale proceeds and the carrying v8lue of the 85sel. arKI is recognised in the ststement of ffinancial a¢b.V"es. 1.7 Impairrnent or red assets Al &a¢h reporting end d8t&, Ihe ¢hanty reviews the ¢arrying arnounl$ ol its tangible ass&1$ to determine whether therè is any indication that those assets have suffered an irnpairment loss. If any such indcalon exists. ihe recoverable amount ol the as8ei is estimated in order to delemi 1he exnt of tr impaiment loss {rf anyj. 1.8 Cash #nd cash equlvalnt$ Cash and cash u1valentS include cash in hand, deposits hdd at call with banks, other short-term liquid investments wtth original Matur95 of three tnonths less. and bank overdraft5. Bank overdrafts ar8 shown thIn tK>QWingS in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of secb.on 11 '8asic Finan(ial Instruments, and Sethon 12'0ther Financial Instrurnents IssL, of FRS 102 lo all of its financial inslruments. Financial instruments we recognised in Ihe s balan¢e 5ftti when 1he tharity. becomes party to (x)ntractual provisions of the instruftwl. Financi8105sets and li8bilitie5 aTe offsei. with Ihe net amounts presenleil in the financial ststernents. when Iheie is legally enIOrale right to set off the recognised and there is an inlenlion to settle on a net basis or to realise the asset and settle the liablity simuttaneously. Basic financial ass•ts Basic f nancial asseis, lch iude debttys and cash 8nd bank bala[s. *e ir)itiélly measured at transaction price induding Imnsaction costs and are subse(DJently (xrried at am0sed cosi using the effective interest method unless the 8rtangement ¢onstrtutes 8 fin8n¢ing tiartsa¢bon, Whe the transaction is rneasured at the present value of the future receipts discounted at a market rate ol interesl. Fin8nco18ssets classtfied as le1vable within year ale not amortised. 29-
RELATE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (colNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢i•s Icontinutdl 8a81¢ finJn¢i41 liabilities Basi¢fin8ncial liabilities. IrlUdIng creditor5 and bank loans are iNts"aly recc¥JThsed at tr0.?n Pri unless the arrangement constitutes a financing tranStiOn. here the debt inslrumenl is measured al Ihe present value ol the future payments discounted at a market rate of interest Financial liabilth.es clatied as payable wIt"n one year are not amothse(l. Debt inslnjments are subsequently Gled at am(M11g cosL using the effective interest rate method. Trade creditors are obligations io pay for goods or services that have been acquir& in the ordinary course of operations from suppliers. Arnounts paiable are cL3ssified as current liabilities if payment is due within Dne year or less. If not. they are presented as non-ojrrent h"abililies. Trade ¢re¢itors are wognised Initially at transaction price and subsequenuy measured at aMOrbs cost using the effective interest mettKKI. D6rncognltlon of Ilnanclal Ilabllttlas Financial 1th.1.eS are derecogni5ed when the cherity's contra(ual obl•Jations expire or are discharged or cancelled. 1.10 Employee bene)lts Th8 cost of any unus8d FKAiday 8ntit18Th8nt is r8cognis8d in th8 P8fKMI in which Ihe 8mpltsyee's s8rvTrc8s afy rEc8iV8d. TerminatTon benefits a recognrsed immediately as an expense when Ihe charity is demonstrably cOltted to terminate th8 ernployTnenl of an ernployg& or to prDvide lermination bgnofits. 1.11 Retirement bÈnefrts PaytThnts lo defned contritlI0rn tire111 benefft s¢*emesaro ¢harged 8$ an expense as they f811 due. 30-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Cash absorbed by operations 22 1109,4891 110,3541 Inve$ting acti11*8 Purchase of tangible fiy¢d ass¢ts Investment incorne received 117.0431 249 19,G501 53 Net ¢ash usod in investing a¢tivities 116.7941 19,5971 Financing al¥leS Repayment of bank loans 110,0001 (10,0001 Net cash used In financlng actl¥lligs 110,0001 110.LY)01 Net decrease in cash and cash equivalents 1136,2831 129,9511 Cash and cash equivalents 81 beginning of ye 263.667 293,618 Cash and cash •qui¥al•nts at ènd of yèar 127,384 263,667 31
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crfiical 4¢¢ounting $iimat¢s and ludgements In the application of the ¢hariVs 8c¢ounting polro¢s, the Trtte$ are rUld to make judgern¢nts, ¢$timate$ and assumptions about 1he carrying amounl of assets and liablits that are nol readily appareni fro other swrces_ The estimates and associated assumptions are based on historical experien other factors that are conshlered to be relevant. A¢iual Igsults may drffor from thes& eslhmat?s. Thp pstimatps And ijndprfying 2<siJmpti(Jn8 Arp rpvipwpd nn 2n nngnino ha.sis Rp¥i.%*)n.s In ae£niJnling p.slimate.8 Arp. re¢ognlsed in the period in whi¢h the gstimate is revised the revisK)n affo¢ts only Ihal or In the pgnod of the revision and Tulure peri5 where Ihe revision affects tyilh current future periods. K•y sources of •stlmatlon uncèrtalnty Tangible fixed #sets Tangible assets are depated over Ihew useful lives laking w)to accounl residual i'alues where appropriale. The actual INes of the assets are assessed annually and may varv depending on a nullber of fact[. In rea55es5ing asset lives tsctors such as maintenance programtnes are tsken into accounl. Residual value asse5srnents consider issued such as the remaining lrfe of Ihe asset arvj Ihe eslmated valuE in Use. D•btors The Charity uses esthmales t)ased on histori¢al ex"¢n¢e ancl curn1 infwnation in determinin9 the level of debts for which an itnpairment charge is required. The level ol impairmenl rgquired is reviewed an ongoing basis. The totsl amount of other debtors is £139,05012022.. £145,064). 32-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In¢om¢ from don*ion$ and lèga¢hes Unrestricted funds 2024 Restricted funds 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Grants 434.578 179.321 G13,899 571.558 275,997 Grants Department ol Hllh. SoGial Serv6 & Publ Safety Health and Sotsal Care Board EmolK)nal Health & Wellbeing NIPS MUMO Projèct Positi'oe Life Community Foundabon - Gold6n Threads PHA- Rèlabonship and sexualrty education 81.983 81.983 163.966 163, 359.4 359.496 359,4 359,496 33.348 9,420 11.700 737 54.680 7.350 12,150 2.979 54.e80 9.420 11.7(M) 737 12,150 2,979 75.504 75.504 62.107 62.107 88,085 17.497 29,321 88,(B5 17.497 79.245 PST Other 11.309 11.309 30.402 21,834 49,924 434.578 179.321 613,899 571,558 275.997 847,$55 Income from olher twading activitie5 Unrestricted Unrestricted fund$ lund$ 2024 2023 External training courses other income Rental income Business development 3.674 46.383 13,910 10.064 11,299 18,011 Othertradiry a¢tivtb"es 74.031 85,510 33-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In¢om¢ from ¢lwrftabl¢ •¢Xlvili¢s Unrestri¢ttd funds 2024 Unrestri¢ted funds 2D23 Charltable actilIeS Counselling in(xyme 228,350 210,586 Income from investments Vnrestrieted Unrestricted funds lunds 2024 2023 Interest receivable 249 53 Charitable acti¥itie5 Activities Governance Undertakgn Costs Directly TotalActivitse5 Governance 2024Undertaken Costs DirECtty Total 2023 2024 2024 2023 2023 RélatKJnship counsalling direct expenditure 674,851 674.851 740.313 740,313 Share of SUPFth costs (see note 91 Share of governance wsts Is8e not8 91 379,755 379.755 344.256 344,256 4.8 4.800 4.800 1.054.606 4.800 1.059.406 1.oe4,569 4.800 1.089.369 Anafy$ls by fund Unrestrict8d ftjnds Restricted fund5 852,475 202.131 4,800 857.275 202.131 807,937 276,632 4,800 812,737 276.Ea2 1.054.606 4.800 1.059.406 1.084.569 4,800 1.089.369
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 N•t movem•ni In funds 2024 2023 The net mtsvernent in fLw¥Jg is stated after tharg11/{CrethtingI.' Fees payable for the aLHSI d 1he d)arilv's finarrial slaiemenis Depreciation of owned gle fixed assets 4.800 27.648 25,743 Support costs 2024Support costs Govornancg cost5 2023 Staff ¢osts Depreciab"on Repairs and mainlenance 179.855 27.649 179.855 27.649 168.487 25.743 168.487 25,743 95 479 479 orriis ¥APtii)strs arid service charge Printing and computer costs Sundry axpéns8s A¢¢ounion¢y Lal and profÈssional Bank charges a1 inlerest payable 29.257 29.257 40.fj50 40,650 41555 26.204 36 090 35.094 41,555 26.204 36,090 35.094 38.234 16.759 30.569 19.958 38,234 16.759 30,569 19.958 3.g56 3.956 3.378 3,378 Audit fecs 4.800 4,800 379.755 384.555 344.257 4.800 349,057 AnalyEed between Cliarilable aclivil'es 379.755 384.555 344.256 4.800 349,056 10 Trustsos None of the Trusrees {or any pefsons cOnb)eU wilh them) Ceived any renmjneraiion or benefits fron the ¢hanry during the year. 35-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employtts Number of ernployees The average rnonthly number of err¥Aoyees during the ye8r 8$. 2024 Numbèr 2023 Numbor Charitable activ¢S Adrninislration 21 27 16 39 43 Employment cost5 2024 2023 Wages and salaries Social security (x)sts Other pension costs 646,471 46,727 16.787 718,559 48,319 17,0 709,985 784,538 The total amount of employee benefils received by key managemènt personnel was £147,97212023'. £188,917). The charity considers ils key nnagement pergonn&l ¢omrKis? of the Chigf Exe¢uii¥e Officer, Busin&ss ser1¢8 and Perfomiance Manager and ProfessK)nal Services Manager. There was one wnploy8e wl¥)se aMU81 rtrmuwation was £60,000 or nKJre. 12 Tanglblè flx8d assots Freehold land)ffice etwlpment Flxluresand d tWild95 frttings Compulèrs Total Cost At 1 Ppril 2023 Additions 819.161 5,768 95,D71 141.638 17,043 1,061,638 17,043 At 31 March 2024 819.160 5.768 95,073 158.679 1,078,680 Deprnciation and impalrnignt At 1 April 2023 Depre¢iab"on charged in the year 193.310 16.383 5.768 86,868 B21 111,SD2 10.444 397,448 27.648 At 31 March 2024 209.693 5.768 87.688 121.946 425.095 Carrwng amount At 31 March 2024 6D9.467 7,385 36,733 653,&85 At 31 March 2023 625.851 8.203 30.136 664,190 36-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 D•btors 2024 2023 Amounts fdllng due vAthln one year. Other debtors Prepaynwts and accrued income 131,920 7,908 139,(60 15,728 139,828 1 Jf4.278 14 Loans and overdrafts 2024 2023 Bank loans 23,632 33.2 Payable within one year Payable after one year 10,000 13.632 10,(XIO 23,2 The long-term loan is secwed by ffixed charges over the assets of Ihe charity. 15 Creditors.. amounts falling due within one year 2024 2023 Notes Bank loans Other taKation and social wurity Other ¢r8dilors Accruals and deferred incorne 14 10,000 3.220 14,725 32,942 10,(K 14.991 19.925 24,432 60.887 69.348 16 Credltors: amounts falllng due after more than one year 2024 2023 Not¢$ Bank loans 14 13,632 23,2 37-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 R¢std¢ted lunds The in¢ome fun(b of the ¢h8rity indude restri¢teil funds comprising the follwing unexpended balan¥ of donations and grants held on trust for spectfic pU¥)Ses.. Mov•m•nt in funds Incomlng Res¢ur¢e$ Balan 8t re50urc2S expend 31 March 2124 &ale al 1 April 202J Deparirnent of H&aNh, Social Seryices and Public Safety National Lottery Community Foundation - G(thn Threads 81,983 21.834 75.504 181,9831 142.4661 177,6821 20.632 2.178 22.810 179.321 1202,1311 Restred funds a frjnds rerived lor speufed purposes within the overall al6 of Ihe charity 18 Unrestricted funds Thp unTPStrirtpd funds nf thp. tharity rxThpTl4e Ihp. unp.xpended balAnrps nf donalions Hnd whirh are nnt Ubje to specific condilons by dOr$ and grantors as to how Ihey may be used. These Ilde designated fund5 which have been set aside out of UnStricted (unds by the trustees lor spEcific PLwposes. At 1 April 2023 Incoming rèsDurces Resources Anded Transfers At 31 March 2024 Fixed asset fwd RSE General lunds 664.lQO 52.664 249.491 (10,6051 653,585 {52.6641 1804.6111 737.208 10.605 192.693 966.345 737.208 1857,2751 846,278 Prèvious year. At 1 April 2022 kncoming re5Durces R•sourc•s expended Transfttrs At 31 March 2023 Fixed asset ftmd RSE General funds 680284 (16,0941 664,190 52.664 249,491 88.085 779,622 135.4211 1777,3161 231.091 16,094 911.375 867,707 812,737 966.345 The fixed asset fund has b88n 58l LP to as515t n identi.g Ihu5 funds that not tree fund5 and it r8pres8nt5 1h8 n8t book value of tangible fixed asset5 which have been ftjnded by unrestrKted inrnrne. 38-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Anaty$l$ of nèt assets be*n fund$ Unrestri¢ted lund$ 2024 R8lri¢tsd funds 2024 Total 2D24 At 31 March 2024: Tangible assets Current 8ssetsllliabilib.esl Long term liabilit$ 653.585 206.325 113.6321 853,585 206.325 113,6321 846.2T8 846.278 Unrestricted lund5 2023 Restrictsd fund5 2023 Total 2023 Al 31 March 2023: Tangible assets Current 8ssets/lliabilrbps Long term liabilitE5 664.190 325,787 123,6321 664,190 348.597 123,6321 22,810 966.345 22.810 989.155 20 Everts after the reporting date Relate Nl and Family mediat Nl have merged fr)lknviig Ihe pericmj entkd 31 March 2024. This rnerger will provide a seamlèss $8rvic8 (w&&n counsèlh'ng, thèrapy and family madiation, ènsuring the right relationship supporl sarvic6 is available to people at the right Ime. demand for services continues to grow and needs become ore diverse. Ihe consolidation wll also ensure that people across the region cw exerrise choice and Independen en accessing supporL The merger has not impatted service users or staff. Both charities will continue to offer Ser41$ separately for Ihe corning rnonths. Relate Nl's centres Ihr¢yJghout Northern IwEland wdl continue lo operate as nortThal whilst Fatnily Mediabon Nl sewices ean also be acce55ed as nixmal at its existing locations and online. A rebrand to introduce a n8w. merg8d entity is 8xp8Ct8d in 2Q25. 21 Related party transactions There were no disc105able relat party transacti5 during Ihe yew {2023 - rwjnel. 39-
RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Cash g*nÈraièd from op¢ratlons 2024 2023 (Defialysurpus for the year 1142.8771 54,335 Adju51tnenls for.. In¥eslrnent income recognised in staiement of financial activthes D¢pr¢ciabon and impairment of trngibl¢ ffixed assets 12491 27,648 1531 25,743 Movements in working c8pitsI.. Ilncreaseydecrease in slocks Decrease in debtors (Decrease) in creditors 2,143 8,929 1101.4511 14,450 18,4611 Cash absorbed by operations 1109,4891 110,3541 -40-
This document was delivcrcd using clectronic COTnmunicalions and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.