**Registered number: 02990781 Charity number: 1043569**
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
**(A Company Limited by Guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6 - 7|
|**Notes to the Financial Statements**|8 - 16|
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2024**
|**Trustees**|Mr M J W Gamble, Chairman|
|---|---|
||Mr A J Broom|
||Mr A J B FitzGerald|
||Mr R F Fowle|
||Mrs J M Harris|
||Mrs A C Piper Richardson|
||Mr J R H Steggles|
|**Company registered**
**number**
02990781
**Charity registered**
**number**
1043569
**Registered office**
The Bridewell
Norwich Road
Wymondham
Norfolk
NR18 0NS
**Company secretary**
Mrs M Fountain
**Accountants**
BW Audit Ltd
Chartered Accountants
Berry & Warren
54 Thorpe Road
Norwich
NR1 1RY||
Page 1
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024**
The Trustees present their annual report together with the financial statements of the charity for the year 1 December 2023 to 30 November 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The Charity's principal objective is that of preserving a building of historic and architectural interest.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **a. Main achievements of the charity**
The Charity continues to hold the freehold of the Bridewell property which is rented out to tenants including the Wymondham Heritage Society which is responsible for the Wymondham Heritage Museum.
The Charity aims to build up the property fund in order to fund any future significant repair work to the building that may be required.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves**
At 30 November 2024 the charity held funds of £471,251 (2023: £481,190). Included within total funds is £456,251 (2023: £471,190) held as unrestricted funds with a further £15,000 (2023: £10,000) held within a property fabric sinking fund. The charity holds free reserves, including the property fabric sinking fund, of £136,251 at the year end (2023: £146,190) which are held in order to have sufficient funds in case of unplanned repair work being required to the property. This is in line with the charity policy.
Page 2
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **Structure, governance and management**
## **a. Constitution**
Wymondham Bridewell Preservation Trust is a charitable company, limited by guarantee, incorporated on 16 November 1994 and registered as a charity on 23 January 1995. The company was established under a Memorandum of Association which defined the objects and powers of the charitable company and is governed under its Articles of Association.
## **b. Methods of appointment or election of Trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Mr M J W Gamble** Trustee Date:
Page 3
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **Independent Examiner's Report to the Trustees of Wymondham Bridewell Preservation Trust ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 30 November 2024.
## **Responsibilities and Basis of Report**
As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice 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).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Dated:
Joanne Fox BA FCA
## **BW Audit Ltd**
Chartered Accountants Norwich
Page 4
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2024**
|**Note**
**Income from:**
Charitable activities
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**14,805**
**2,533**
**17,338**
**31,877**
**31,877**
**(14,539)**
**(400)**
**(14,939)**
**471,190**
**(14,939)**
**456,251**|**Property fund**
**2024**
**£**
**29,042**
**-**
**29,042**
**24,442**
**24,442**
**4,600**
**400**
**5,000**
**10,000**
**5,000**
**15,000**|**Total**
**funds**
**2024**
**£**
**43,847**
**2,533**
**46,380**
**56,319**
**56,319**
**(9,939)**
**-**
**(9,939)**
**481,190**
**(9,939)**
**471,251**|_Total_
_funds_
_2023_
_£_
_45,801_
_1,244_
_47,045_|
|---|---|---|---|---|
|||||_30,136_
_30,136_|
|||||_16,909_
_-_
_16,909_|
|||||_464,281_
_16,909_
_481,190_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 16 form part of these financial statements.
Page 5
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 02990781**
## **BALANCE SHEET AS AT 30 NOVEMBER 2024**
|**Note**
**Fixed assets**
Investment property
9
**Current assets**
Debtors
10
Investments
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
**Net current assets**
**Total net assets**
**Charity funds**
Property fund
13
Unrestricted funds
13
**Total funds**|**34,457**
**103,777**
**8,451**
**146,685**
**(10,434)**|**2024**
**£**
**335,000**
**335,000**
**136,251**
**471,251**
**15,000**
**456,251**
**471,251**|_35,688_
_101,244_
_15,321_
_152,253_
_(6,063)_|_2023_
_£_
_335,000_|
|---|---|---|---|---|
|||||_335,000_
_146,190_|
|||||_481,190_|
|||||_10,000_
_471,190_|
|||||_481,190_|
Page 6
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
**(A Company Limited by Guarantee) REGISTERED NUMBER: 02990781**
# **BALANCE SHEET (CONTINUED) AS AT 30 NOVEMBER 2024**
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
___________________________
**Mr M J W Gamble**
Trustee
## Date:
The notes on pages 8 to 16 form part of these financial statements.
Page 7
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **1. General information**
Wymondham Bridewell Preservation Trust is a charitable company limited by guarantee, incorporated in England and Wales. The registered office is The Bridewell, Norwich Road, Wymondham, Norfolk NR18 0NS. The registered company number is 02990781. The members of the company are the Trustees listed on page 1.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Wymondham Bridewell Preservation Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. The trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
## **2.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Premiums received on the granting of long leases on parts of the property are deducted from the cost of the related asset. The Trust retains the freehold interest and receives ground rents and service charges under the terms of the lease.
## **2.4 Expenditure**
Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to transfer economic benefit to a third party, it is 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 activity. The costs of each 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 a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 8
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **2. Accounting policies (continued)**
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Investment property**
Investment property is carried at fair value determined annually by the Trustees and derived from the current market rents alongside regular professional valuations. No depreciation is provided. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **2.7 Investments**
Current asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment.
## **2.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **2.11 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 9
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **2. Accounting policies (continued)**
## **2.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
The property fund can only be used for maintenance and upkeep of the investment property.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Rental and service charge income
14,805
_Unrestricted_
_funds_
_2023_
_£_
Rental and service charge income
_25,868_|**Property**
**fund**
**2024**
**£**
29,042
_Property_
_fund_
_2023_
_£_
_19,933_|**Total**
**funds**
**2024**
**£**
**43,847**|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_45,801_|
## **4. Investment income**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2024**|**2024**|_2023_|
||**£**|**£**|_£_|
|Interest receivable|2,533|**2,533**|_1,244_|
Page 10
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2024**
**£**
Charitable activities
31,877
_Unrestricted_
_funds_
_2023_
_£_
Charitable activities
_10,361_|**Property**
**fund**
**2024**
**£**
24,442
_Property_
_fund_
_2023_
_£_
_19,775_|**Total**
**2024**
**£**
**56,319**|
|---|---|---|
|||_Total_
_2023_
_£_
_30,136_|
## **6. Analysis of expenditure by activities**
|Charitable activities
Charitable activities|**Activities**
**undertaken**
**directly**
**2024**
**£**
54,862
_Activities_
_undertaken_
_directly_
_2023_
_£_
_29,006_|**Support**
**costs**
**2024**
**£**
1,457
_Support_
_costs_
_2023_
_£_
_1,130_|**Total**
**funds**
**2024**
**£**
**56,319**|
|---|---|---|---|
||||_Total_
_funds_
_2023_
_£_
_30,136_|
Page 11
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|**Charitable**
**activities**
**2024**
**£**
Premises insurance
8,224
Irrecoverable VAT
2,954
Repairs and renewals
21,934
Gardening
5,089
Consultancy and professional fees
14,551
Electricity
584
Cleaning
595
General rates
931
54,862
**Analysis of support costs**
**Charitable**
**activities**
**2024**
**£**
Computer software
-
Accountancy fees
955
Administration
502
1,457
**7.**
**Independent examiner's remuneration**
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts|**Total**
**funds**
**2024**
**£**
**8,224**
**2,954**
**21,934**
**5,089**
**14,551**
**584**
**595**
**931**
**54,862**
**Total**
**funds**
**2024**
**£**
**-**
**955**
**502**
**1,457**
**2024**
**£**
**955**|_Total_
_funds_
_2023_
_£_
_8,690_
_2,898_
_7,581_
_1,437_
_8,400_
_-_
_-_
_-_
_29,006_|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_220_
_910_
_-_
_1,130_|
|||_2023_
_£_
_910_|
Page 12
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 30 November 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
## **9. Investment property**
|**Valuation**
At 1 December 2023
At 30 November 2024|**Freehold**
**investment**
**property**
**£**
**335,000**|
|---|---|
||**335,000**|
The investment property has been valued at the year end by the Trustees.
## **10. Debtors**
|**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
**18,230**
**1,473**
**14,754**
**34,457**|_2023_
_£_
_22,899_
_-_
_12,789_|
|---|---|---|
|||_35,688_|
Page 13
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **11. Current asset investments**
|||**2024**|_2023_|
|---|---|---|---|
|||**£**|_£_|
|95|day notice account|**103,777**|_101,244_|
## **12. Creditors: Amounts falling due within one year**
|Trade creditors
Other creditors
Accruals and deferred income|**2024**
**£**
**4,539**
**4,995**
**900**
**10,434**|_2023_
_£_
_-_
_5,163_
_900_|
|---|---|---|
|||_6,063_|
Page 14
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **13. Statement of funds**
## **Statement of funds - current year**
|
**Unrestricted funds**
General Funds
**Property fund**
Fabric sinking fund
**Total of funds**|**Balance at 1**
**December**
**2023**
**£**
**471,190**
**10,000**
**481,190**|**Income**
**£**
**17,338**
**29,042**
**46,380**|**Expenditure**
**£**
**(31,877)**
**(24,442)**
**(56,319)**|**Transfers**
**in/out**
**£**
**(400)**
**400**
**-**|**Balance at**
**30**
**November**
**2024**
**£**
**456,251**|
|---|---|---|---|---|---|
||||||**15,000**|
||||||**471,251**|
The transfer between unrestricted funds and the property fund relates to money set aside for future repairs to the buildings.
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Property fund**
Fabric sinking fund
**Total of funds**|_Balance at_
_1 December_
_2022_
_£_
_459,281_
_5,000_
_464,281_|_Income_
_£_
_27,112_
_19,933_
_47,045_|_Expenditure_
_£_
_(10,361)_
_(19,775)_
_(30,136)_|_Transfers_
_in/out_
_£_
_(4,842)_
_4,842_
_-_|_Balance at_
_30_
_November_
_2023_
_£_
_471,190_|
|---|---|---|---|---|---|
||||||_10,000_|
||||||_481,190_|
Page 15
## **WYMONDHAM BRIDEWELL PRESERVATION TRUST**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2024**
**£**
Investment property
335,000
Current assets
131,685
Creditors due within one year
(10,434)
**Total**
456,251
**Analysis of net assets between funds - prior period**
_Unrestricted_
_funds_
_2023_
_£_
Investment property
_335,000_
Current assets
_142,253_
Creditors due within one year
_(6,063)_
**Total**
_471,190_|**Property**
**fund**
**2024**
**£**
-
15,000
-
15,000
_Property_
_fund_
_2023_
_£_
_-_
_10,000_
_-_
_10,000_|**Total**
**funds**
**2024**
**£**
**335,000**
**146,685**
**(10,434)**
**471,251**
_Total_
_funds_
_2023_
_£_
_335,000_
_152,253_
_(6,063)_
_481,190_|
|---|---|---|
## **15. Related party transactions**
The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 30 November 2024.
Page 16