C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME
AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
2025
Notes Unrestricted Restricied
Funds
Funds
2024
Unrestricted Restricted
Funds
Funds
Total
Total
Income and
endowments from".
Donations and legacies
Charitable Activities
Other Trading Activities
Investment Income
274.166
157,431
4,093
181.762 455.928
157.431
4,093
292,712
109,718
256,463 549,175
109,718
Total
435,690
181.762 617.452
402,430
256,463 658,893
Expenditure on:
Charitable Activities
Other Trading Activities
304.126
88.824
195,780 499,906
88.824
294,080
88.447
196,579 490,659
88,447
Total
392.950
195.780 588,730
382.527
196.579 579,106
Net Incomel(Outgoing)
42.740
(14.018)
28.722
19.903
59.884 79.787
Transfers
Net movement in funds
42,740
(14,018)
28,722
19,903
59,884 79.787
Reconciliation of funds
Total funds brought
foThvard
288,149
93.108 381,257
268,246
33.224 301.470
Total funds carried
foThvard
330,889
79.090 409,979
288,149
93,108 381,257
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 pages 22 to 32 form part of these accounts.
17

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2025
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE
ACCOUNT) OF THE CHARITY ALONE
FOR THE YEAR ENDED 31 MARCH 2025
2025
Notes Unrestricted Restricted
Funds
Funds
2024
Unrestricted Restricted
Funds
Funds
Total
Total
Income and
endowments from:
Donations and legacies
Charitable Activities
Investment Income
68.607
274,166
4,093
68.607
181,762 455,928
4,093
21,271
292,712
21,271
256,463 549,175
Totsl
346.866
181.762 528.628
313,983
256,463 570,446
Expenditure on:
Charitable Activities
304.126
195,780 499,906
294,080
196,579 490,659
Total
304,126
195.780 499,906
294,080
196,579 490,659
Net Incomel(Outgoing)
42,740
(14,018) 28,722
19,903
59,884 79,787
Transfers
Net movement in funds
42,740
(14,018) 28,722
19,903
59,884 79,787
Reconciliation of funds
Total funds brought
forward
288,149
93,108 381,257
268,246
33,224 301,470
Total funds carried
forward
330,889
79,090 409,979
288,149
93,108 381,257
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 pages 22 to 32 form part of these accounts.
18

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONSOLIDATED BALANCE SHEET
ASA T 31 MARCH 2025
Notes
2025
2024
Fixed assets
Tangible assets
351
Current assets
Debtors
Cash at bank and in hand
10
26,876
514,384
541,260
76,257
363,803
440,060
Creditors: amounts falling due within one year
{131,281)
{59.1541
Net current assets
409,979
380,906
Total assets less current liabilities
409,979
381,257
Funds
Restricted funds
Unrestricted Funds- General
Unrestricted Funds- Designated
12
13
13
79,090
331,707
(818)
93,108
288,389
(240)
Total funds
409,979
381,257
These financial statements have been prepared in accordan￿ with the provisions applicable to small
ompanies. The financial statements were approved by the directors on 2211012025.
MrDeclan Cunnane
Trustee
Date: 2211012025
V(wr. a L
Mrs Jaclnta Llnden
Trustee
Date: 2211012025
Company registration number
N1037439
The notes on pages 22 to 32 form part of these accounts.
19

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CHARITY BALANCE SHEEr
ASA T 31 MARCH 2025
Notes
2025
2024
Fixed assets
Tangible assets
351
Current assets
Debtors
Cash at bank and in hand
10
138,397
392,227
530,624
164,328
268,283
432,911
Creditors: amounts falling due within one year
{120,645)
(51,7051
Net current assets
409,979
380,906
Total assets less current liabilities
409,979
381,257
Funds
Reslricted funds
Unrestricted Funds- General
Unrestricted Funds- Designated
12
13
13
79,090
331,707
(818)
93,108
288,389
(240)
Total funds
409,979
381,257
These financial statements have been prepared in accordan￿ with the provisions applicable to small
ompanies. The financial statements were approved by the directors on 2211012025.
MrDeclan Cunnane
Trustee
Date: 2211012025
V(wr. a L
Mrs Jaclnta Llnden
Trustee
Date: 2211012025
Company registration number
N1037439
The notes on pages 22 to 32 form part of these accounts.
20

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONSOLIDATED STATEMENT OF CASH FLOWS
2025
2024
Notes
Cash flows from operating
activities
Cash generated from
operations
17
Investing activities
Purchase of tangible fixed
assets
Net cash (used in)Igenerated
from investing activities
Net cash used in finanGing
activities
Net increasel{decrease) in
cash and cash equivalents
150.581
25,043
Cash and cash equivalents of
beginning of year
363 803
338 760
Cash and cash equivalents at
end of year
14
Relating to:
Bank balances and short temi
deFX)sits
21

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
ACCOUNTING POLICIES
(a) Accounting convention
These financial statements have been prepared under the historical cost convention and in
accordance with applicable accounting standards, the Statement of Recommended Practice
(SORP)"Accounting and Reporting by Charities- effective January 2015 and FRS 102 'The
Financial Reporting Standard Applicable in the UK and Republic of Ireland", and the
Companies Act 2006. The principal accounting policies. judgments and key sources of
estimation uncertainty are set out below.
The directors consider that these accounting policies are suitable. have been consistently
applied and are supported by reasonable and prudentjudgement and estimates.
Group financial statements
These financial statements consolidate the results of the Charity and the trading company
C03 Enterprises Ltd on a line-by-line basis. A separate Statement of Financial Activities
and Income and Expenditure Accounts for the Charity alone has been presented on page
18.
(b) Preparation of accounts on a going concern basis
The trustees have prepared budgets and cash flows for a period of at least twelve months
from the date of the approval of the financial statements. Having considered the
circumstances, the trustees consider it appropriate to prepare the financial statements on a
going concern basis. Accordingly, these financial ststements do not include any adjustments
to the carrying amounts and classification of assets and liabilities that may arise if the
company is unable to continue as a going concern.
(c) Income and endowments
Income is recognised in the period in which the charity is entitled to receipt and the amount
can be measured with reasonable certainty- Income is deferred only when the charity has
to fulFIl conditions before becoming entitled to it or where the donor has specified that the
income is to be expended in a future pericmj.
Grants, including capital grants, from the govemment and other agencies have been
included as income from activities in furtherance ofthe charity's objects where these amount
to a contract for services, but included as donations where the money is given in response
to an appeal orwith greaterfreedom of use. forexample, government block grants. Donated
facilities are included at the value to the charity where this can be quantified and a third party
is bearing the cost. No amounts are included in the financial ststements for services donated
by volunteers.
(d) Expenditure
Expenditure is included in the Statement of Financial Activities on an accruals basis,
exclusive of any VAT which can be recovered.
Certain expenditure is directly attributsble to spectfic activities and has been included in
those cost categories. Certain other costs. which are attributable to more than one activity.
are apportioned across cost categories on the basis of an estimate of the proportion of time
spent by staff on those activities.
22

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
(e) Depreciation of Fixed assets
Tangible fixed assets are initially valued at cost to acquire or construcl, including costs
directly attributable to bringing the asset into working condition for its intended use, and net
of any VAT recoverable. At each balance sheet date, the carrying amounts of tangible
assets are reviewed to detem)ine whether there is an indication that those assets have
suffered an impaimient loss. Where the carrying value exceeds the estimated recoverable
amount (being the greater of fair value less costs to sell and value-in-use), an impairment
loss is recognised by writing down the assets cash-generating units to their recoverable
amount. An impaimient loss is recognised immediately in the profit and loss. Any reversal
of a previous impairment loss is similarfy recognised immediately in the profit and loss.
Depreciation on the assets of the company is provided on the cost of the assets, calculated
at annual rates estimated to write off each asset over the term of its useful life. The rates in
use are as follows-
Fixiures, frtlings and equipment
3 years straight line
(fj Impairnient of fixed assets
At each reporting end date, the group and the parent charitsble company review the carrying
amounts of its tangible and intangible assets to determine whether there is any indication
that those assets have suffered an impairment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss lif any). Where it is not possible to estimate the recoverable amount of an
individual asset, the group and the parent charitable company estimate the recoverable
amount of the cash-generating unit to which the asset belongs.
Intangible assets with indefinite useful lives and intangible assets not yet available for use
are tested for impaimient annually. and whenever there is an indication that the asset may
be impaired.
Recoverable amount is the higher of fair value less costs to sell and value in use. In
assessing value in use, the estimated future cash flows are discounted to their present value
using a pre-tax discount rate that reflects current market assessments of the time value of
money and the risks specific to the asset for which the estimates of future cash flows have
not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than
its carying amount. the carrying amount of the asset (or cash-generating unit) is reduced to
its recoverable amount. An impairment loss is recognised immediately in profit or loss,
unless the relevant asset is carried at a revalued amount, in which case the impairment loss
is treated as a revaluation decrease.
Recognised impairment losses are reversed rf. and only if, the reasons for the impairment
loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying
amount of the asset (or cash-generating unit) is increased to the revised estimate of its
recoverable amount, but so that the increased carrying amount does not ex￿ed the carrying
amount that would have been determined had no impaimient loss been recognised for the
asset (or cash-generating unit) prior years. A reversal of an impairment loss is recognised
immediately in profit or loss, unless the relevant asset is carried in at a revalued amount, in
which case the reversal of the impairment loss is treated as a revaluation increase.
23

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
(g) Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposits held at call with banks and other
short-term liquid investments with original maturities of three months or less.
(h) Pension Scheme
The company provides a defined contribution pension scheme. the assets of which are held
separately from those ofthe company in an independently administered fund. Contributions
to this scheme are charged to the profit and loss account as they become payable.
(l) Fund accountlng
Funds held by the charity are either=
Unrestricted general funds - these are funds which can be used in accordance with
the charitable objects at the discretion of the trustees.
Designated funds
these are fvnds set aside by the trustees out of unrestricted
general funds for specific future purposes or projects.
Restricted funds
these are funds that can only be used for particular restricted
purposes within the objects of the charity. Restrictions arise when specified by the
donor or when the funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
ti) Financial assets
The group and the parent charitable company have elected to apply the provisions of Section
11 'Basic Financial Instruments, and Section 12'0ther Financial Instruments Issues, of FRS
102 to all of its financial instruments.
Financial assets are recognised in the group's and the parent charitable company's
statement of financial position when the group and the parent charitsble company become
party to the contractual provisions of the instrument.
Financial assets are classified into specified categories. The classification depends on the
nature and purpose of the financial assets and is determined at the time of recognition.
Basic financial assets. which include trade and other receivables and cash and bank
balances, are initially measured at transaction price including transaction costs and are
subsequently carried at amortised cost using the effective interest method, unless Ihe
arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Other financial
assets classified as fair value through profit or loss are measured at fair value.
Loans and receivables
Trade debtors, loans and other receivables that have fixed or determinable payments that
are not quoted in an active market are classified as 'loans and receivables,. Loans and
receivables are measured at amortised cost using the effective interest method, less any
impaimient.
24

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
Interest is recognised by applying the effective interest rate, except for short-tenn
receivables when the recognition of interest would be immaterial. The effective interest
method is a method of calculating the amortised cost of a debt instrument and of allocating
the interest income over the relevant period. The effective interest rate is the rate that exactly
discounts estimated future cash receipts through the expected life of the debt instrument to
the net carying amount on initial recognition.
Impairment of financialassets
Financial assets. other than those held at fair value through profit and loss, are assessed
for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or
more events that occurred after the initial recognition of the financial asset, the estimated
future cash flows have been affected. The impairment loss is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only vthen the contractual rights to the cash flows from
the asset expire, or when it transfers the financial asset and substantially all the risks and
rewards of ownership to another entity-
(k) Financial liabilities
Basic financial liabilities are initially measured at transaction price, unless the arrangement
constitutes a financing transaction. where the debt instrument is measured at the present
value of the future receipts discounted at a market rate of interest. Other financial liabilities
classified as fair value through profit or loss are measured at fair value.
Otherfinancial liabilities
Other financial liabilities are initially measured at fair value, net of transaction costs. They
are subsequently measured at amortised cost using the effective interest method, with
interest expense recognised on an effective yield basis.
The effective interest method is a method of calculating the amortised cost of a financial
liability and of allocating interest expense over the relevant period. The effective interest rate
is the rate that exactly discounts estimated fvture cash payments through the expected lrfe
of the financial liability to the net carrying amount on initial recognition.
Derecognition of finan￿alI1abIlit￿S
Financial liabilities are derecognised when. and onlywhen, the group s and parent charitable
company s obligations are discharged. cancelled. or they expire.
(l) Taxation
As a registered charity. C03 Chief Officers Third Sector is not liable to either Income Tax or
Corporation Tax.
(ml Critical accounting estimates and judgements
In the application of the group's and parent charitable company's accounting policies, the
trustees are required to make judgements, estimates and assumptions about the carrying
amount of assets and liabilities that are not readily apparent from other sou[￿s.
25

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
The estimates and associated assumptions are based on historical experience and other factors
that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting eslimates are recognised in the period in which the estimate is revised, if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment
to the carrying amount of assets and liabilities are outlined below.
Tangible fixed assets
Tangible assets are depreciated over their useful lives taking into account residual values where
appropriate. The actual lives of the assets are assessed annually and may vary depending on
a number of factors. In reassessing asset lives factors such as maintenance programmes are
taken into account. Residual value assessments consider issues such as the remaining live of
the asset and the estimated value in use.
DONATIONS AND LEGACIES
Group
2025
Company
2025
2024
2024
Unrestricted
Donations
68,607
68,607
21,271
21,271
INCOME FROM OTHER TRADING ACTIVITIES
Group
2025
Company
2025
2024
2024
Unrestricted
Recruitment Services Income
VAT FRS Benefrt
150,146
7,285
157.431
105,909
3,809
109.718
26

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
INCOME FROM CHARITABLE ACTivrriES
2025
Unrestricted Restricted
Funds
Funds
2024
Unrestricted Restricted
Funds
Funds
TOL91
Totsl
Membership Income
Income from Events
Other
54,654
175,221
37,291
54,654
175,221
37,291
98,774
179,422
8,516
98,774
179,422
8,516
performan￿ Related Grants..
DSD- VCU - Regional
Infrastructure Support Programme
Halifax Foundation
NIHC
SIG
National Lottery
Dormant
Dormant- ATR
UGV Ltd
Other
35.679
9.043
59,087
35.679
9.043
59,087
32.018 32.018
67,850 67,850
99,845 99,845
47,500 47,500
30,CM)O
32,203
15.750
30,000
32,203
15,750
7,000
7,000
274,166 181,762 455,928
9,250
9,250
6,000
256,463 549,175
6,000
292,712
STAFF COSTS AND NUMBERS
Group
2025
Company
2025
2024
2024
Wages and salaries
Social security costs
Other pension costs
274.533
31.936
27.825
334,294
259,016 223,961
20,188
26,498
16.408
23.154
295,612 273,613
206,636
14,501
12,170
233,307
The average number of persons employed by the company {excluding Diredors) during the year was
as follows..
Group
2025
Company
2025
2024
2024
Charitable activities
There was one employees whose annual remuneration was £70.000 or more (2024.. 1)
The total amount of employee benefits received by key management personnel in the period was £75,302
{2024'. £78,725). The key management personnel of the Company comprises 1 member of staff12024'. 1),.
the CEO.
27

C03 CHIEF OFFICERSTHIRDSECTOR
IA COMPANY LIMrrED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
EXPENDITURE
Analysis of resources expended
2025
2024
Member Development and Events
Miscellaneous
145.289
432
145.721
167,982
75
168,057
Share of support costs (see breakdown below)
338,603
300,236
Share of govemance costs (see breakdown below)
15.582
22,366
Other Trading Activities
88.824
588.730
88,447
579 106
Analysis by fund
Unrestricted funds
Restricted funds
392,950
195.780
588,730
382,527
196,579
579,106
Analysis of support & governance costs
2025
2024
Staff Costs
Depre￿atIOn
Rent
Insurance
Telephone
Bank Charges
Web and IT Costs and Subscriptions.
Sundry Costs
Equipment Hire
Postage, Printing and Stationery
Associate Membership Fees
Recruitment costs
Governance cost
273.613
351
24,345
1,081
1.949
1,298
13,050
6.006
233,307
524
26.542
2,119
2,403
1,061
12,715
5,749
3.798
1.952
11,160
15,582
4,092
2,578
8,640
22.366
354,185
322,602
28

C03 CHIEF OFFICERSTHIRDSECTOR
IA COMPANY LIMrrED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
NET INCOMING RESOURCES FOR THE YEAR
This is stated after charging
2025
2024
Depreciation
351
524
Auditors remuneration
INCOME FROM TRADING ACTIVITIES
C03 Chief Officers Third Sector is the sole member of C03 Enterprises Ltd (company number N1652430). The
summary financial perfomiance of the subsidiary alone is:
2025
2024
Turnover
Expenditure
Net Profitl{Loss}
157.431
157431
109,718
109 718
TANGIBLE FIXED ASSETS
Group and Company
Fixtures
and
fittings
Cost
Al 1 April 2024
Additions
14,781
At 31 March 2025
14,781
Depreciation and impaim)ent
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
14,430
351
14,781
Carrying amount
At 31 March 2025
At 31 March 2024
351
29

C03 CHIEF OFFICERSTHIRDSECTOR
IA COMPANY LIMrrED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
10
DEBTORS
Group
2025
Company
2025
2024
2024
Trade debtors
Amounts owed by subsidiary undertaking
Prepayments and accrued income
26,876
66,270
3,248
47,324
135,149 107,017
9,987
9,987
Amounts owed by subsidiary undertaking are unsecured, interest free, have no fixed date of repayment and
are repayable on demand.
11
CREDITORS: amounts falling due within one year
Group
2025
Charitable
Company
2025
2024
2024
Deferred income
Trade creditors
Other creditors
Accruals
53,221
47,993
9,636
20,431
131281
27.125
3,469
9,802
18.758
53,221
44,896
2,097
20,431
120 645
27,125
2,994
2,828
18.758
12 RESTRICTED FUNDS OF THE CHARITY
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
Balance at Movement in Resources
1 April
Incoming
Outgoing
2024
Transferof Balan￿ at
Funds
31 March
2025
NIHC
SIG
Halifax
Donnant- ATR
Dormant
UGV Ltd
RISP
National Lottery Community Fund
59.087
(13.302)
(19,7351
(2,976)
(5,258)
(43.276)
(19.7551
(35,679)
(55,799)
45,785
19,735
9,043
32,203
30.000
15.750
35.679
6,067
26,945
293
13.569
4.005
55,799
Total funds
93.108
181,762
{195,780)
79,090
30

C03 CHIEF OFFICERSTHIRDSECTOR
IA COMPANY LIMrrED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
13 UNRESTRICTED FUNDS OF THE CHARITY
The unrestricted funds of the charity comprise the unexpended balances ofdonations and grants which are
not subject lo specrfic conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes
Balance at Movement in Resources
1 April
Incoming
Outgoing
2024
Transfer of Balance at
Funds
31 March
2025
Unrestricted Funds
General Unrestricted Funds
Educational Ringfencing
288,389
(240)
260,469
175,221
(217,151)
{175,799)
331,707
(818)
Total funds
288,149
435.690
(392,950)
330,889
14
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
Fixed Assets
Other Net
Assets
Total
Restricted funds
79,090
79,090
Unrestricted funds
330 889
330 889
409 979
409 979
15
RELATED PARTIES
Included in debtors as at 31 March 2025 is a balance of £135.149 {2024: £107.017) in respect of monies
owed from C03 Enterprises Ltd. C03 Chief OfFicers Third Sector is the sole member of C03 Enterprises
Ltd.
16 EVENTS AFTER THE REPORTING DATE
There have been no material events, oCCu￿1ng after the reporting dale that require adjustments to or
disclosure in the financial statements.
31

C03 CHIEF OFFICERSTHIRDSECTOR
IA COMPANY LIMrrED BY GUARANTEEI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS (CONTINUED)
17
RECONCILIATION OF OPERATING SURPLUS TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net incoming resources for the year
Depreaation
28,722
79,787
351
524
Increasel(decrease) in creditors
72,127
{32,5271
{22,7411
25,043
Decreasel(increase) in debtors
49,381
Net cash Inflowl{oufflow) from operating activltles
150,581
32