tharity reglstration number 108000 Company reg15tratlon numb•r N1670917 (Northern Ireland) THE HUMAN KIND FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
THE HUMAN KIND FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Sarah Alexandra Ke150-Robb Lana Elizabeth Kdso Robb Robert Steven Robb Stcretsry Sarah Alexandra Kelso-Rabb Company number N1670917 Chrlty number INorth•rn Ireland) 108000 R•9lst•rad offl Laurel Lodge 20 Dairyland Road Ballyclare Co. Antrim 8T39 9QN Ind•pand•nt Ex•mln•rn AAB Group Accountsnts Limited 1-3 Arthur Street Belfast Co. Antrim BT14GA
THE HUMAN KIND FOUNDATION CONTEMrs Page Trustees report Independent examiner's report ststement of financral activfties Balance sheet Notes to the finandal statements 8-17
THE HUMAN KIND FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JUL Y 2024 The Trustees present their annual report and financial ststements for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial ststements and comply with the Charity's Act {Norther Irdandl 2008, the Companies Act 2006 and "Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 2019).. Objectives and activities The charitys objects are to,. Educate young people about charitable giving and promote indivldual contributions of money, time and skills for charitable and community purp05es,' Provide support and activities which develop young people's understanding, skills, capacities and capabilities to enable them to participate in society as respsible individuals., Inform, advlse and educate the publlc about charitable giving with a view to encouragin9 and improving fundraising and planned charitable gwing, thereby promoting the efficiency and effectiveress of community and voluntary organisations. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Background to th• Establlshment of the Foundation Over the last 20 years there has been a worrying decline in younger people's participation in volunteering and giwng money to good causes. There is a feeling among young people that the emphasis on raising or donating money can be disempowering ès they have limited funds to give. Charity is not a topic at the fcrefront of young people's rninds and it is not the fif5t thing they would think to do with their money. A participant summed this up well at a Joseph Rowntree Foundation focus group for their 'Growing Into Giving" Report - 'It's all about intention, if you don't get it when you're young, this feeling that I have to give, and there is reason why I have to give, It won't come to you when you are older,. Educatlonal Programme5 Deslgned to meet Charlt•ble Objedlves The programmes of engagernent provided by The Human Kind Foundation are broadly based on three age- groups - primary school. post-primary school and further education, each with age appropriate offerings. Primary khool Curriculurn based cla55room artivities. workshops, charity vi51ts, summer camp& inontivised giving challenges and community learning Opportunities. This will be branded as 'Kind Little Humans.. Post-primary School In and out of school workshops and activities, giving project5, a Giving Journal, accredited training and incentivised giving challerKJe& Further Education Giving Circles, outreach, peer learning and incentlVi5ed giving challenge5 of a more strategic nature.
THE HUMAN KIND FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 Acthiities Designed to meet Charitable Objertives 'The Giving Tree. A Christmas tree {physical or virtuall where the gifts purchased will be matched by The Human Kind Foundation and distributed to local charities and good causes. he Toy Chest for Little Treasures. The donation of gifts of toys, books, games etc, which will be distributed by appropriate charity partners to children for a birthday, a special occasion, a hospital visit who would not otherwise receive such gifts. Yhe Family Giving Game. A resource designed for kitthen table conversations about giving and other families in need in order to encourage the setting of a faMilS charitable objertives. "Next Gen Philanthropy. A seNice designed for families of high net worth, to examlne their personal charttable vision and values to Inform the giving objectives of the next generation. Achlevements and perfomunc• Throughout the year, the Human Kind Foundation continued with a rarKJe of attivities building on success of previou5 year& Whilst income has reduced on the previous year, expenditure on charitsble activities has increased which represent5 the timing of the receipt of income in the year 2022123 vthich was then successfully expended in the year 2023124. Income includes financial sUPPOrt and in-kind donations. Working with a number of tharitie& youth groups, schools and community organisations, the Foundation benefited from increased awareness and increased levels of outreath to teach children and young people alx)ut philanthropy. Matched giving and incentivised gifting opportunities grew steadily to provide which benefitted a wide range of charities. The charities selected to receive financial sums and gifts of donated items y in some cases d1cted by the young people themselve5. Non-specific gifting awarded as unrestrirted funds from a number of donors We determined by the Trustees. The heartfelt thanks of the Trustees go to all those who supported the Foundation throughout the year. Charitable organisations benefiting from the support of children and young people throughout Northern Ireland Include- •BCC •8eyond Skin .Blossoms Baby Bank •Equalty Period •Extem Nl •Friends of the Cancer Centre •Heartbeat Trust Nl bHomeStart .MVI Newtownabbey Baby Bank .Simon Community, Nl .St John'5 Ballyclare .svp .The Salvation Army .The Trussell Trust .Ukrainians Nl
THE HUMAN KIND FOUNDATION TRusfEES REPORT (INCLUDING DIREcfoRS' REPORTJ (CONTINUED) FOR THE YEAR ENDED 37 JUL Y2024 •USPCA .Women'5 Addbtionally. the Teny Malone Legacy Award an applicalion-based grant programme, was a one-off inltiative created to beneft musically tslented under-privileged chlldren and young people. A5 well as berEftting eligible indMdual4 organisations in recelpt of fvndlng were, the Blue Houses Llgoniel Primary School and the Mu51C Yard. Nnandal rv41 The Restslcted Funds as at 31st Juty 2024 is -£5,361 Thi5 is a decrease of £3,258 from the previous year. The Unrestricted Furmts as at 31st Juty 2024 is £1fi569. Thls is a decrease of £&031 from the pmious year. Income as at 31st July 2024 is ,555, which is a decrease of £1&491 from the pre¥ious year. E¥pendlture as at 31st July 2024 is £16,051 whith is an increase of £1659 from the previous year. It is the pdicy of the Chaiity that unre*rlLled fijnds whlch ha¥e not tjeen deslgrwted tor a specfflc use should be m•lntsined at a level equivalent to bee¢n three and six month's expendituro The Trusrees conslder that reserve5 at this level wlll ensure that In the event of a 51gnlficant drop in fvndlng tTrw will be able to continue the Charltys current actNrkne5 while consideration Is glven to ways in which additional fund5 moy be ftised This level of reserves ha5 been malntslned tlvWout the year. The Trustees a55e55ed the major risk5 to whlth the Charty is expose4 and Jre saI5fied that systems are in place to mitigate exposure to the major risks. Structur4 90veMan •nd man•g•m•nt The Charity Is a compary Ilmlted by gu8r•ntee wlthout share capitsl use of 'llNted. exemptiThL The Trustees who 4r• also the dlrecth for the purpose of compaty law. and who seNed durfng the year and up to the dats of signature of the fln•ncEal statsments werv. Sarah Alexantha K81s0-Robb lana Elizabeth Ke150 Robb Robert Steven Robb Currently thls is a family foundatlon and the Trustees were recruited as membeT5 of that family. Olsdowr• of InfOrnon to auditor Each of the Twstee5 has cfined that there is no infonratlon of we aware which is relevaTrt to the aud¢ but of which the auditor Is unaware. TW have further confimied that they have tsken appropriate Steps to identify such relevant infomMtloTr aThl to estsbllsh that the aJitOr ts aware of suth InformadorL The T stees report was approved by the Board of Truste6& MA Sarnh Trustee exandra KelsoryRobb M3E
THE HUMAN KIND FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HUMAN KIND FOUNDATION I report to the Trustees on my examinatlon of the financlal ststements of The Human Klnd Foundatirn for the year ended 31 July 2024. Respon5ibilitl•s and basls of rnport As the Trustees of the Charity (and also its d1ctOrS for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companie5 Act 2006 Ithe 2006 Act). Having satisfied myself that the financial statements of the Charity are not required to be auditvj under Part 16 of the 2006 Act and are eligible for independent examination, I report in respee( of my examination of the Charity's financial statements carried out under section 65 of the Charities Act (Northern Ireland) 21x18 (the 2LM)8 Act). In carrylng out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 65{9)(bl of the 2008 Act. Ind•p•ndent examlner's statement I have completed rny examination. I confirm that no matters have come to my attention in connecticn with the examination giving me cause to believe that in any material respert.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Art or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the fina181 statements have not been PrePad in accordance with the methods and principle5 of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
THE HUMAN KIND FOUNDATION INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HUMAN KIND FOUNDATION I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the finanaal ststements to be aChed. AAB Group Account•nts Umlted 1-3 Arthur street Belfast Co. Antrlm BT14GA Dated: 14...-Q..A..20L5
THE HUMAN KIND FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR EIVDED 31 JUL Y 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestrlcted Restrlrted funds fvnds 2023 2023 Total 2024 2023 Notes Income and endowments from: t)onations and legacies Charitsble activities Other income 16,045 5,001 21,046 1.609 1,609 946 946 Total Income 1,609 2.555 16,045 5,001 21.046 Exp•nditur• on: Charitable adivities 6,977 9,075 16,052 6,143 250 12,393 Totsl expenditurn 6,977 9,075 16,052 6,143 6,250 12,393 Net Incofflel(eKp•ndltur•) and mov•m•nt In fiinds 16,031) IA66} {13,497) 9,902 (1,249) 8.653 Reconclllatlon of funds: Fund balances at 1 August 2023 21600 1104 24,704 12,698 3.353 16,051 Fund balancos at 31 Juty 2024 16,569 (5,3621 11,207 22,600 2,104 24,704 The ststement of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing attivities.
THE HUMAN KIND FOUNDATION BALANCE SHEEr ASAf31JULY2024 2024 2023 Notes Tanglble assets Current Jss•ts Debtors Cash at bank and in hand 12 728 1258 13 1,609 9,$46 94 21933 11,155 24027 Credltor* arnounts falllng du• wfthln on• ymr 14 (676) (5811 Net OJTrnnt assets 10,479 23,446 •ssets l•u curr•Tht Il•bllld•J 11,207 24,704 Incom• fw Restricted fvnd5 Unrestricted fund5 15 IS3621 1fi569 I104 11207 24704 The company 15 entiil&J to the exemptlon from the audSt requirement corrtained in sectlon 477 of the Companles Act 2006. for the year ended 31 July 202 rhe dIrectO acknowledge thelr re5pon51bilitles for comptylng wlth the requirements of the CompaTle5 Act 2006 with respect to accountlng records and the preparatlon of flnandal stat•m•nl& The memb¢r5 have not requlred the company to obtsln an audlt of Its flnandal statements for the ar In estion In accordance wtth sectlon 47& These finandal statements have been pfepayed In accordance with the proM5ion5 applicable to corynles subject to the small companles regirnè. The fin cial statements were approved by the Trustee5 on _- rah AJexandTa Ke150-Robb Tntstee Company Registration No. N1670917
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y 2024 Accounting policies Charity Infonnation The Human Kind Foundation is a private company limited by guarantee incorporated in Northern Ireland. The reglstered office is Laurel Lodge, 20 Dairyland Road, Straid, Ballyclare, Ca. Antrim, BT39 9QN. 1.1 Ac£ounting convention The financial statements have been prepared in accordance with the Charity's goveming document the Companies Act 2006 and "Accountin9 and Reporting by Charities: Statement of Recommended Practice pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 20191" The Charity Is a Public Benefit Entity as defined by FRS 102. The flnanclal statements are prepared In sterling, which is the functional currency of the Charlty. Monetary amounts in these financial statements are rounded to the nearest £, The financial 5taternents have been prepared under the hlstorical cost convention. The principal accounting policies adopted are set out below. 12 Golng conc•rn At the time of approving the financial ststements, the Trustee5 have a reasonable expertation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltsble funds Unrestricted fijnds a available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the note5 to the financial statement 1 A Income Income is recognlsed when the Charity is legally entitled to it after any perfom)ance conditions have been me¢ the amounts can be measured lIablY, and it is probable that Income wlll be received. Cash donations are recognised on receipL Other donations are recognised once the Charity has been notified of the donation, unle55 performance conditions require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the time of the donation.
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 Attountlng policles (Continued) Legacies are recagnised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is experted. If the amount is not known, the legacy s treated as a contingent asset Expenditure Is recognised once there is a legal or constnjctive obllgation to transfer economic benefit to a third party, it 15 probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by artivity. The costs of eath activity are made up of the total of direct costs and shared costs, Including support costs involved in undertaking each activity. Direct costs attributable to single activity are allocated directly to that artivity. Shared costs whlch contribute to more than one attivity and 5UPPOrt costs which are not attributsble to a Single artivity are apportioned between those activities on a basis conslstent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are alltxated on the portion of the asset's use. 1.5 Tingibl• fixed assets Tangible fixed assets are initially measured at cost and subsequently rneasured at cost or valuation, net of depreciation and any impaiment losses. Depreciation 15 recogni5ed so as to write off the cost or valuation of assets les5 their residual values over their useful live5 on the followin9 boses- Fixtu and fittings Computers 25% SL 25% SL The gain or loss arising on the dlsposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the Statement cf financial activrties. 1.6 Impairnient of flxed assets At each reporting end date, the Charty reviews the carrying amounts of its tangible assets to determlne 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 (if any), 1.7 Cash and cash equlvalonts Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original rnaturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5.
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 Accounting policies (Continued) 1.8 Flnancial Instruments The Charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Settion 12 'Other Finanaal Instruments Issues, of FRS 102 to all of tts financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the reco9nised amounts and there is an intention to settle on a net basi5 or to realise the asset and settle the liability simultsneously. Basic financlal assets, which include debtofs and cash and bank balances, are initially measured at transaction price including transartion costs and are subsequentiy carried at amortised cost US1r the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of nteresL Financial a55et5 classified as receivable within one year are not amort15ed. Bask flnanclal IMbilitse5 Basic financlal liabilities, including creditor5 and bank loans are Initially CogniSed at transaction price unless the arrangement constitutes a financin9 transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cosL using the effective interest rate method. Trade creditors are obligatlon5 to pay for goods or services that have been acquired in the ordinary course of operations from supplIe Amounts payable are classified as current liabilities if payment is due within one year or less. If not they are pented as non-current liabilities. Trade creditors are cogniSed initially at transaction price and subsequently measured at amortised c05t U5in9 the effective Inte5t method. Derecognition of financthllmbilities Financial liabilities are derecognised when the Charity's contractual obligations expl or are discharged or cancelled. 10-
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 Critical accounting estimates •nd Judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the tarrying amount of assets and liabilities that are not readily apparent from other sources, The estlmales and assoaated assumptions are based on historical experience and other fattors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are rleWed on an ongoing basis. Revisions to accounting estimates are rectsgnised in the period in whith the estimate is revised Whe the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and fijtU pefrods, 11
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R?R THE Y£AR EIVDED 31 JUL Y2024 Income from donations and legacies Unrestricted Reslrfrted funds funds 2024 2024 Totsl Unrestricted Restrlrted funds fvnds 2023 2023 Total 2024 2023 Donations and gifts 16,045 s,1 21,046 Charhabl• activitl•s Charftabl• Incom• 2024 2023 Perfomiance related grants 1,609 P•rforni•nc• r•lat•d grants Community Foundation Nl Other 1,609 1.609 Other incom• Unr•strlcted Unrestrlcted funds funds 2024 2023 Other income 946 12-
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 Charitable activities Unr•strlcted Restrfrted funds funds 2024 2024 Total Unrestrirted Restricted 2024 funds funds 2023 2023 Total 2023 Depreciation and irnpairment Donations ComputerISoare costs Resource costs Printlng and Stationary Resources 530 2,784 530 2,784 530 382 1800 530 3,105 1800 2,236 700 65 2,723 7,600 2.236 700 65 3,314 7,600 10,914 3,777 5,659 9,436 Share of support costs (see note 7) Share of govemance costs (see note 7) 1,669 1A75 3,144 2,315 2.315 1.994 581 61 642 6,977 9,075 16,052 6.673 5,720 12,393 An*sis by fund Unrestricted funds Restricted funds 6,977 6,977 9,075 6,143 530 6.143 6,250 9,075 5.720 6,977 9.075 16,052 6,673 5.720 12,393 13-
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 Support costs support costi Gov•rnance wsls 2024 2023 Membership Subscription5 Travel & Subsistence Printing & Stationary TM Awards 175 617 877 1,475 175 617 877 IA75 315 1,718 282 Accountsncy fees Legal and professional 802 581 1,192 1,192 61 3,144 5.138 2,957 Analysed betrNeen Charitsble activitles 3,144 5,138 2,957 Net mOVnInt In funds 2024 2023 The net movement In funds is stated after charglngl(creditingl: Fees payable for the independent examinatlon of the charftys financial statements Depreciation of owned tangible fixed assets 581 530 530 Trustees None of the Trustees (or any persons connected with them) received any remuneration or beneffts from the Charity during the year. 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total 14-
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 10 Emplvye•s (Continued) There were no employees whose annual remuneration was more than £60.000. 11 Taxatlon The charity is exempt from taxation on its attivities because all its income is applied for charitable purposes. 12 Tanglble flxed assets Fixtures •nd Itttlngs Cofflwtqvj Totsl Cost At l August 2023 1,329 791 1120 At 31 July 2024 1,329 791 2,120 D¢pr•datlon Jnd Impalrment At l Akjgust 2023 Depreciation charged in the year 664 332 862 530 At 31 July 2024 996 396 1,392 C•rrylng amount At 31 July 2024 333 395 728 At 31 July 2023 665 593 1,258 13 Debtors 2024 2023 Amounts falllng duo within one year. Other debtors 1,609 14 Creditors: amounts falling due wlthin one year 2024 2023 Accruals and deferd income 676 581 15-
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 15 Restricted funds 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. At 1 August 2023 Incomlng r•source5 Resources expended At 31 July 2024 2,104 1,609 19,075) (5,362) PY•vious year. At 1 August 2022 Incomlng resources R•sourc¢s expended At 31 July 2023 3,353 5.001 16,2501 2,104 16 Unrestrlrted funds The unrestrlcted funds of the charity comprlse the unexpended balances of donations and grants whlch are not subjett to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestrirted fvnds by the trustees for specific purposes. At 1 August 2023 Incoming T•Ure•S Resaurc•s expendqd At 31 Juty 2024 General fijnds 21600 946 (6,977) 16,569 Prevlou$ y•ar. At 1 August 2022 Incomlng resources Resources expended At 31 July 2023 General fvnds 12.698 16,045 16,143) 21600 18-
THE HUMAN KIND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 17 AnYS of net assets between funds Unrestrlcted Restrkted funds fvnds 2024 2024 Total Unrestrirted Restricted funds fvnds 2023 2023 Total 2024 2023 Fund balances at 31 July 2024 are represented by.. Tangible assets Current assets/lliabilitiesl 728 9,850 728 10,479 1,258 21,342 1,258 23,446 629 2.104 10,578 629 11,207 22,600 1104 24,704 18 Rel•t•d party transartloni During the year £7,600 of costs where paid to Kelso - Robb Consulting a related party connected through mutual director. Payments were made for prograrnme delivery and advancement of charity. 19 Cash generated from operations 2024 2023 (Deficitl/surpus for the year (13,497) 8,653 Adjustments for. Depreciation and impalrment of tangible fixed assets 530 530 Movements in working capital.. {Increasel in debtors Increase in creditor5 (1,515) 95 (94) 53 Cash (absorbed by)Ig•nerated from operations 114,387) 9.142 20 An4lysls of changes In n•t lunds The Charity had no material debt during the year. 17-