upReach Annual Report 2023-24 - Report - Page 52
Notes To The Financial Statements
For The Year To 31 July 2024
1.11 Pension
Payments to de昀椀ned contribution retirement pension schemes are charged as an expense as
they fall due.
1.12 Leases
Rentals payable under operating leases are charged to income on a straight line basis over the
term of the relevant lease.
1.13 Judgements and Key Sources of Estimation Uncertainty
In the application of the 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 sources. 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.
Critical Judgements
Recognition of grant income
The trustees believe that the deed of grant and collaboration agreements in place with the
partnerships con昀椀rms that the charity is not in control of meeting the terms and conditions of
each grant and as such the income should be recognised over the life of the grant period.
Cash and cash equivalents
A portion of cash at bank is held in accounts requiring 95 days of notice. In the unlikely event
this portion of cash would be needed at short notice, these monies can be accessed ahead of this
period. The charity may be subject to immaterial penalties or forgone interest however as this
money could be accessed ahead of the 95 day notice period, it is deemed readily convertible and
included within cash and cash equivalents.
2. Donations
2024
£
2023
£
Donations
1,391,100
1,231,524
Grants
1,878,904
1,697,649
158,077
141,382
3,428,081
3,070,555
Donated services and facilities
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