LOUGHGIEL COMMUNITY ASSOCIATION LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 UDrestri¢ted Funds Restricted Restrictsd Total Fundy Total Funds Funds CapllaA Funds 2024 2023 ll¥lCOME FROM Donations and legacies Charitable activitle5 Other trading activities Other In¢ome 28,617 70,076 28,617 312?34 32,401 345,037 241,758 500 177,042 177,042 167,135 15.771 TOTAL INCO 275,735 241,758 517993 560,344 EXPENDITURE ON Charitsble aetivities Other exp¢nditure TOTAL ExPENDURE (391,973) (1.438) (172295) (64,939) (629207) (717.409) (1,438) ( 1,347) (393,411) (172295) (64,939) {630,645) (718,756) NET EXPENDuR MOVEMENT IN FUNDS FOR THE YEAR RECONCILIATION OF FUNDS Total fimds brought forward (117,676) 69,463 (64,439) (112,652) (158,412) 277,020 30.796 1,629,079 1,936.895 2,095,307 TOTAL FUNDS CARRIED FORWARD 159J44 100259 1,564,640 1,824243 1.936,895 The Statement of financial 8Ctivities includes all gains and10sses ID the ye8r. All of the above amounts relate to continuing activities. The notes on pages 18 to 31 forni an integral part of these fmancial ststements. 15
LOUGHGIEL COMMUNITY ASSOCIATION LTD BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Nots FIXED ASSETS Tangible assets 12 1,731,402 1,812,351 CURRE ASSETS Bank Debtors 93207 119,394 17 144,569 13 118,980 CREDITORS: Amounts falling due wilhin one yegr 14 (26,139) (20,025) NET CURRENT ASSETS 92Wi 124,544 TOTAL ASSETS LESS CURRE LIABILITIES 1,824243 1,936.895 CREDITORS: Arnounts falling due after more than one year NET ASSETS 1024243 1,936,895 FUNDS OF TBE CHAIUTY Restricted ¢apitsl fund5 Restricted income funds Unrestricted income funds TOTAL CHAlly FUNDS 16 16 17 l J64,640 100,259 159J44 1,824243 1,629,079 30.796 277,020 1.936,895 The company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies Act 2006 for the year ended 31 March 2024 although an audit has been carried out under section 65 of the Charities Act (Northern Ireland) 2008. No member of the eompany has deposited a notlC> piirsuaDt to section 476. requiring an audit of these accounts under the requirements of the CompaE)ies Act 2006. The directors acknowledgc thetr responsibilities for complying with the requirements of the Companies Act 2006 with respect to accountin8 records and th¢ PreptIOn of finaThcial statements. Tbes¢ financial statements were approved by the members of the committee and authorised for issue on the 23td January 2025 and are signed on their behalf by: .4ki a2 CoYt:IIL Sheree Connolly Director Nicole Laverty Director Company Registration Number: N1037243 The notes on pages 18 to 31 forni an integral part of these financial statements. 16
LOUGHGIEL COMMUNITY ASSOCIATION LTD CASH FLOW STATEMENT AS AT 31 MARCH 2024 2024 2023 ¢5 Cash (used) in operaling activ#les 19 (25,906) (41,638) Cusliflowsfroin invesliiix a¢livilies Purchase of property* plant and equipment Net C&8h used In Invejting actlvities {281) (15,043) (281) (15.043) Cgsh flows from finADcIDg aetlvities Repayments of booWIng Nel Casb ujed in flnancing activities Net cash (oulflow) (26,187) (56,681) Change in cash in tlie reporting period Cash at the beginning of the reporting period CaJh at the end ofthe reportlng perlod (26,187) 119,394 (56,681) 176,075 93,207 119.394 17
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNIING POLICIES The principal accounting policies adopted, judgements and key sources of estimation in the pteparation of the financial statements are as follows: Basis of prepAration TSie financial sla¢einents have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended PracliCL applie8ble to charities preparing their accounts in accordance w Ith die FinaiiLial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ I January 2019) (Cliarities SORP (FRS 102). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is a Public Benefit Entity as defined by FRS 102. Assets and liabililies are initially recognised at historical cost or transaction value unless othcnvise staled in the relevant a¢coun¢ing policy note(s). The aLCOUI)ts are pi'epai'ed in sterling, which is the functional ctin'ency of Ihe charity. Monetary aniounts in these fiiian¢ial stateinents are rounded lo the n¢aresl £. Prcparation of the #eeDunts on a going concern basis Alt]iough Significant challenges lie aliead ii) facilitsting the transitioning of key employccs, Loughgiel Coinn)uniLy Association are hopeful of achieving financial stability and a bri¥l)t fulure. Despite the challenges Loughgiel Community Association remains optimistic and delerniined to overcom¢ th¢se obstacles. While the departing employees, expertise will be Missed, we are Confident in the capabilities of our remaining staff and are actively seckin8 ncw tslent to fjll any gaps. We are oommitted to maintaining the high standard of service 2nd support that our community has come to expect. In hddition to addressiiig the gtaff transilions. we are actively pursiiing opportunities to diversify our income sourc¢s. By exploring grants, fundraistng activities, partnersliips, and other revenue-g¢nernting initiatives, we aiin to reduc¥ our reliance on a single fiinding sErearn and secui'e the fjnancial Stability needed to thrive. To support our financial goals, we are inipleinenting efiici¢nt financial management practices, budgets and budget revieivs, expeiise Inonitoring, and optimi5alion of operational effi¢i¢ncy will ensure ih¢ effective use of resources. We ale Hlso e.xploring new fundraising eveiits and campaigns to eiigage the cominunity and rnise funds. Community engagement and cominunication remain at the forefront of our efforts. We will strengthen our ommunication channels to keep the community infornied about our activities, iinpact, and financial needs. By fostering a sense of ownership and involvement, we aim to build strong support and engagement from the community and stakeholders. In the long l¢rni. we are committed to developing a comprehensive financial plaii that includes forecastin8 future fuiidiijg needs, ideiitily'ing pofrntial risks, and setting financial goals. Tliis plan will guide our decision-making and ensur¢ our fanCIal stability in the years to come. 18
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Loughgiel Community Association remains dedicated to measuring and reporting on the impact of our work. By showcasing the positive outcomes and value we create, we aim to demonstrate our effectiveness and attract continued support from fijnders and the community. Despite the challenges ahead, Loughgiel Community Association is hopeful and detsrniioed to overcome them. With the support of our community, partners, and volunteers, w¢ believe that we can build a bright fijture and achieve fjnancial steadiness for the benefit of all those we serve on this basis the &%sessment of the trustees is that the charity is a gotng concern. Fund Aceounting General ndS are unrestricted ndS which are available for use at the discretion of the Trust¢es in furtherance of the general objectives of the Charity and which have not been dcsignated for other purpos¢s. Iksignated fiJnds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. Genernl funds may be transferyed to designated fvnds where Trnstses wish to use these fimds for a specific purpose. Such funds rnay be transferred back to general funds once the criteria for the designation have been met or are no longer applicable. Restricted fimds are fijnds which are to be used in accordance with specific restrictions imposed by donors or which have beeii raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the SPL¢ifi¢ fund. The aini and use of resti-icted funds is set out in Ilie notes to the fEnancial stateinents. Restricted funds may onlv be transferred to general or designated funds onc¢ the criteria for restriction have been discharged or no longer apply. Income Reeognitloll Polieies Items of income are recognised and included in the accounts when all of the following criteria are met: The charity has entitlement to the fimds. any perforniance conditions attached to the item of income has been met or are fiilly within the conbDI of the charity. there is sufficient certainty that receipt of the income is considered probablts. And the amount can be measured reliably. DonAted serviees And facil1¢8 In accordance with tlie Charities SORP (FRS 102), the general volunteer time of supporters is not recognised. Interest Receivable Interest on funds held on deposit is included when ree¢ivable and th¢ amount can be measured reliably by the charity. this is normally upon notification of the interest paid or payable by the Bank, ExpeDditure Expendituie is recognised once there is a legal or constructive obligation to make a payment to a tliird paty, it is probable that Settlement will be required and the amount of the obligation can be measured reliably. Expendire is classified under the following a¢tiVlty headings., Expenditure on charitable activities undertaken to further the purpose5 of the charity and their associatsd support costs. Other expenditure represents those items not falling into any other heading. 19
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POIJCIES (CQRrfRwed) Allocation of support costs Support costs are those functions tliai assist the K'ork of the Charity bul do not dii'¢ctly undertake charitable activities. Support costs include back office costs, finance. personncl, payroll and gO¢ManCe costs which support tlie charitv's progr1¢5 ajid a¢tiv ities. These cost5 have be¢n allocated agFainst eypcnditure on charitsble activities. Cash at bank and in hgnd Cash at bank and cash in hand includes c&qh and short term highly liquid invesbnents with a short maturity of three months or less from the dat¢ of acquisition or opening the deposit or slmilar account Fixed Assets Individual fixed assets are Qapitalised at cost and are depr¢cffiated over their estimated useful economic lives as follows: Asset Category: Annual Rate Land and Buildings Plant and Machinery Fixtures and Fittings Motor Vehicles 20/0 Straight Line 25 % Reducing Balance 250/0 Reducing Balance 250/0 Reducing Balance The carrying values of tangible fu(ed &ssets are reviewed for impairment when ev¢nts or cir¢umstances indicate the carying value may not be rccoverablc. Debtors Trade and other debtors are recogniscd at the settlement amount due after any trade discount offered. Prepayinents ar¢ valued at the amount prepaid after taking account of any trade discount due. Creditors and Provtslons Creditors and provisions are recognised where the charity has a present obligation rgsulting from a past evcnt that wi15 probably result iij rlie transfer of fiinds to a third paty and th¢ ainouiit due to settle the obligation can be iJieasur¢d or estimaled reliably. Creditors 8nd provisions are nornially recognised at their settlement amount after allowing for any trade diountS due. Financial iDslrumeDts The charity only has financial assets and financial liabilities of a kind that qualify as basic fmaneial instruments. Basic fii)ancial instruments are initially recognised at tt?nsaction value and subsequently measured at their settlement value with the exception ol. bank loans which are subsequently Ineasured at the carrying value plus accrued interest less repayments. The financing Charge to expenditure is at a constant rate Calculated using the effective interest method TtIOn The company is a registered charity and the charitabl¢ t&x exemptions are therefore being claimed to the extent tliat income andlor gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income And expenditure is applied to charitable purposes only. 20
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 q. ACCOUNTINC POIJCIES (Co1¥£d) Critical accounting estimatQ8 and judgements In the application of the Gharity's accounting policies, the trustees are required to make jud8¢ments, estimates and assumptions about the c2rrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ frotn these estimates. The estimates and underlying assuniptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognis¢d in the period iii whicli the estimate is reviscd where the revision affects only that period, or in the period of the revision and fure periods where the revision affects both current and future periods. Legal Status of the Cbarity The Charity is a company limited by guarantee and has no share capital. DONATIONS AND LEGAaES Totsl Funds Unrcstricted ticstricted Total Funds 2024 Funds Funds 2023 Unrestrlcted Restrlcted Funds Funds DoDatloDs Gruig Community Fund Oth¢r donations Altaveedan Wind Fann Grant Northern Irel8nd Housing Executive- COVID 19 Emcrgen¢y Fund 4J12 1,804 4J12 1,804 4,227 780 4.227 780 22,501 221 20,698 20,698 6,696 6,696 28.617 28,617 25.705 6,696 32,401 21
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE AcrivrrIES Unrestricted Restricted Rutricted Funds Funds Capitgl FuDds Total Funds 2024 Northern Ireland Housing Executive - Supporting People DHSS and PS School Aged Children Fund - Brightstart North Eastern Education and Library Board- PEAG Early Years Pathways Education Authority Education Authority Engage EducAtAon Authority Non Targeted funding Causeway Coast & Glens Department for Communities BB Health Forum Out of School Project Other Grant Income Northern Health & Social car¢ trust DAERA 129,441 129,441 24J58 24J58 33,055 16,714 28,641 893 33,055 16,714 28,641 893 2J81 5,675 2,981 5,67S S.965 2.000 57,689 4,072 350 500 5,965 2,000 57,689 4,072 350 500 70,076 241,758 500 312J34 22
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 INCOlVtE FROM CHARITABLE ACTIVITIES (eonÉiKuedJ Unrestricted Restrlcted Restrleted Total Funds Funds Funds Capital Funds 2023 Northern Ir¢ldnd Housing Executive- Supporting People Northern Ireland HousinB Executive- Special recognition Northern Ireland Housiiig Executive- Homeless Prevention Fund DHSS and PS School Aged Children Fund- Brightstart North Eastem Education and Librnry Board- PEAG Early Years Pathway5 Ulster Supported Employment Education Authority Education Authority Engage Education Authority Non Targ¢ted funding Causeway Coast & Glens Department of Education Departtnent for Communities BB Health Forum Out of School ProjeGt Childcare Project Oth¢r Grant Incom¢ Rural MA¢rooapital Grant Scheme 85,945 85.945 1,790 1,790 37,319 37,319 18,882 18,882 23,441 22,498 23,441 22,498 37,231 4S,058 4,368 37,231 6,138 38,920 4,368 4,400 4,625 4.400 4,625 3,810 4,633 2,000 27,888 11.411 8,253 1,485 3,810 4,633 2,000 27,888 11,411 8,253 1,485 101.364 242,188 I,485 345,037 23
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 OTHER TRADll¥G A1VrrIEs Unrestricted Total Funds Unrestricled Total Funds FuDds 2024 Funds 2023 Generated locome 177,042 177,042 167,135 167,l35 OTHER INCOME UDre$tri¢ted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Insurance Claim 15,771 15,771 COSTS OF CHARABLE ACTivfTIES BY FUThD TYPE Restricted Capital Total Fuods Funds 2024 Unrestricted Restricted Funds Funds Charitable activity Support costs 294,579 75,869 370,448 134,603 37,406 172,009 429,182 178,214 64,939 64939 607J96 Unrestricted Funds Restricted Restricted Totsl Funds Funds Capital Funds 2023 Charitable activity Support costs 266,763 116,589 383,352 212,464 42,570 479.227 228,822 69,663 69,663 255,034 708,049 24
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 COSTS OF CHARITABLE ACTIVITIES B Y ACTIVITY TYP Activities undert4ke directly Support Total Funds Totsl Funds costs 2024 2023 Charitable activity Governance costs 429,182 178214 21.811 607a96 21,811 629,207 708,049 9,360 717,409 429,182 200,025 OTHER ExPENDURE Unrestrlcted Totydl FuDds Unrestricted Total Funds Fund8 2024 Funds 2023 Interest Payable and Similar Charges 1,438 1,438 1,347 1,347 NET OtrrGOtNG RESOURCES FOR THE YEAR This is stated after ch8r8ing: 2024 2023 Depreciation Auditors, remuneration: - audit of the financial ststements 81230 90.072 6,540 6,000 10. STAFF COSTS AND EMOLUMENrs Total sthff costs were 48 follows: 2024 2023 Wages and salaries Social Security costs Pensions 335,502 14268 12.179 344,352 22,893 12,637 379,882 361,949 Particulars of employees: The average nLllnber of employees during the year, calculated on the basis of ll-tiMe equivalents. was as follows: 2024 No. 24 2023 No. 25 Number of other Staff No employee received rernuneration of more than £60,000 during the year (2023 - Nil). The ¢mploye¢ benefits of the key managetn¢nt pers07m¢l of the charity totalled £Nil. 25
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 I I. RELATED PARTY TRANSAalONS The charity was under tbe Control of the board of trustees throughout the year. There are no related party transactions to disclose under FRS 102. None of the Trustees receive reiijibursement of expense. remuneration or oth¢r benefit from their work with che eharity. Any connection between a Trustee or s¢nior managei" of the charity. with orgaftisations the charity works with must be disclosed lo Ihe full Board of Trustees in thc same way as any odi¢r Contractual relationship with a related party. 12. TANGIBLE FIXED ASSETS tAnd And PIAnl and Fixtures & BuildiDgS Machlnery Flttings Motor Vehicles Total COST At l April 2023 Additions 2,477,648 72298 376366 281 46?5S 2,972J67 281 At 31 March 2024 2,477,648 72298 376,547 46J55 2,972,848 DEPRECIATION At l April 2023 Charge for the yeer At 31 March 2024 791,721 49,553 841,274 68,673 907 265,657 27,723 293J80 34,165 3,047 37312 1,160216 81330 1241,446 69,S80 NET BOOK VALUE At 31 Mareh 2024 1.636?74 1.685.927 2,718 83.167 110,609 9,143 12,190 1,731,402 1,812,351 At 31 March 2023 3.625 13. DEBTORS 2024 2023 Grants Receivable Other debtors and prePanents 10,296 15,477 13,611 11,564 25,175 25.773 14. CREDITORS: Amounts fallSng due wlthin one y¢ar 2024 2023 Taxation and social security Other creditors Accrnals and defeffed income 4,676 13 J63 8,100 2,341 9,710 7,974 20.025 26,139 26
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 15. RESTRICTED CAprrAL FUNDS BalaDce at l April 2023 Balance at Expenditure 31 March 2024 Income Pernianent restricted eapital Restricted Capital FLd8 Department of Education RDP Funding Clothworker DAERA HE Causeway Coast & Glens Rural Mico Capital Grant 1,128245 38,600 168.073 725 224,058 9O75 58,411 lJ92 1,629,079 (39,571) (871) (15,945) (445) (3955) (2,587) (1217) (348) (64,939) 1,088,674 37,729 152,128 280 220,603 6,988 57,194 1,044 1564,640 500 soo Balance at l April 2022 BalaD¢e at Expenditure 31 March 2023 Income PermaneDt restrieted capital Restricted Capltal Funds Department of Education RDP Funding Clothworker DAERA 1.167,912 39,471 187,817 1,318 228,087 13,024 59,628 (39,667) (871) (19,744) (593) (4,029) (3.449) (1,217) (93) 1.128,245 38,600 168,073 725 224,058 9,575 58,41 I 1.392 Causeway Coast & Glens Rural Mico Capital Grant 1,485 1,697.257 1.485 (69.663) 1,629,079 16. RESTRICTED INCOME FUNDS Balance at l April 2023 BalaDee at Expenditure 31 Mareb 2024 Income NIHE Supporting People Northern Ireland Housin Executive- Homeless Prevention Fund DHSS and PS School Aged Children Fund- Brightstart Children in Need Education Authority Education Authority Engage North Eastern Education and 129,441 (37,881) 91060 5248 (5248) 24?58 (24,358) (442) (28.641) (893) (26 J04) 442 28,641 893 33,055 1948 8,699 27
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Library Board- PEAG Lottery Fund Causeway Coast & Glens Education Authority Non Targeted funding Northern Ireland Housing Executive- Supporting People Programme- Provider Innovation Fund (PIF) Northern Ireland Housing Execulive- Supporting People Programme- C19RF Early Years Pathways South & East Cork 12,775 586 (12,775) (6261) 5,675 2981 (2,981) lJ34 (1,534) 7JlS (7J15) (16,714) (748) 16,714 748 30,796 241,758 (172,295) IOOa59 Balance at l AprAI 2022 BalAnce At Expendlture 31 Mv4rch 2023 Ineome MHE Supporting People Early Years Northern tr¢land Housing Executive- Special recognition Northcrn Ireland Housing Executive- Homeless Prevention Fund DHSS and PS School Aged Children Fund- Brightstart Children in Need Education Authority Education Authority EngAge North Eastern Education and Library Board- PEAG Lottery Fund Causeway Coast & Glens Education Authority Non Tgeted funding Northern Ireland Housing Executive- COVID 19 Emergency Fund North¢rn Ir¢land Housing Executive- Supporting People Programme- Provider Innovation 85,945 (85,945) 1,790 ( 1,790) 37,319 (32.071) 5,248 18.882 ( 18,882) (147} {38,920) (4J68) 589 442 38,920 4,368 2.598 17,034 781 23,441 (24,091) (4.259) (4.820) 1,948 12,775 586 4,625 4,400 (4,400) 6,696 (6,696) 2,045 28 (511) 1.534
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Fund (PIF) Northern Ireland Housing Executive- Supporting P¢ople Progrdmme- C19R Early Years Pathways Getting Ready to Learn South & East Cork 12,704 (5,189) (22,498) 7.515 22.498 1,195 (447) 748 36,946 248,884 (255.034) 30.796 29
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 17. UNRESTRICTED INCOME FUNDS Balallce at l Apr2023 BalaDee at Expenditure 31 MAr 2024 Income General Funds 277,020 275.735 (393,411) 159?44 Balance at l Apr 2022 Balance at 31 Mar 2023 Income Expendire General Funds 361,104 309,975 (394,059) 277,020 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tanglble tlxed A88ets Net Assets Total Restricted Lncome Funds: Northern Ireland Housing Executivc Supporting People North Eastern Education and LTbrary Board- PEAG 91,560 8,699 91,560 8,699 100,259 100,259 Restricted Crdpital Funds: Restrictsd Capital Funds Department of Education RDP Funding Clotliworker DAERA NIHE Causeway Coast & Glens Rural Mico Capital Grant 1,088,674 37,729 152,128 280 220,603 6,988 57.194 1.044 1,088,674 37,729 152,128 280 220,603 6,988 57,194 1,044 l J64,640 159J44 1,824,243 lJ64,640 166.762 Unrestricted Income Funds (7A18) 92,841 Tolal Funds 1,731.402 30
LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 19. RECONCILIATION OF IYET OITfGOING RESOURCES TO IYET CASH OUTFLOW FROM OPERATING AcTIvlEs 2024 2023 Net movement iii funds for the reporting p¢riod (SOFA) Depreciation on tangiblt fixed assets (Iiicrease I decrease in debtors Increase (decrease) in creditors (112,652) 81,230 (598) 6.114 (158,412) 90,072 39,487 (12,785) Net cash provided by (used in) operating activities 31