DALEWOOD TRUST Icompany Limited by guarantee- not havin8 a Share capital) Trustees, Annual Report and Accounts For the year ended 31" March 2023 Charity number 01058132 Company Reglstered in England: Number 03179744
Dalewood Trust- Trustees Annual Report and Accounts LEGAL & ADMINISTRATIVE INFORMATION Trustees Mr R Eaton Mrsj M Carter Mrs J Atherton Mr J T Thompson Mr C Jefferson Mr5 M Carr Mr R H Atherton Chair Manager Mrss Graham Charlty number 01058132 Company number 03179744 RegIered offlcè Cholmley Way Whltby North Yorkshire Y022 4NQ Ind•pend•nt examln•r Oraycott & Kirk LLP 92 Westgate Guisborough TS14 GAP Bank•rs HSBC 4 Baxtergate Whitby Y02116G
Dalewood Trust-TTustees Annual Report and Accounts CONTENTS Trustees, report pa8e3to7 Independent examinerfs report page 8 Statement of flnanclal artivltles page 9 8alan¢e Sheet pa8e 10 Noie5 to the flnanclal statements page 11 to 20
Dalewood Trust- Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31" MARCH 2023 The trustees, who are also the directors of Dalewood Trust for the purpose of Company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practiol. Company Law reqvires the trustees to prepare financial siaiements for each financial year which glve a true and fair view of the state of affair5 of the tharity and of the incoming resourtes and application of resources, Including the Income and expenditure. of the charitable company for that year. In preparlng these financial statements, the trustees are required to.. selert suitable accountin8 pollcles and then appty them consistently,. observe the Methods and princlples in the Charltles SORP; - make judgements and estlmates that are reasonable and prudent; state whether appllcable UK Accountlng Standards have been followed. subject to any materlal deparrures d15c105ed and explainefl in the financial statements,. and prepare the financlal statements on the goln8 Concern basis unles5 It Is Inapproprlate to presume that the charity wlll continue In operation. The trustees are responslble for keeping adequate accounting cords that disclose wlth reasonable accuracv at any time the financial position of the charity and enable them to ensure that the flnan¢lal statements comply with the Companies Act 2CQ6. They are also responsible for safeguarding the assets of the charSty and hence for takln8 reasonable steps for the prevention and detection of fraud and other irre8ularltles.
Dalewood Trust~ Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31" MARCH2023 The Trustees present their report and financlal statements for the year ended 31" March 2023. The accounts have been prepared in accordan with the accounting policies set out in note I to the accounts 2nd comply with the charitls governing document, the Companies Act 2006 and °Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021" las amended for accountinB periods commencing from I" January 20161. Objectives and actlvltles The tharit¢s objertives are io advance the education and tralnlng of people wlth a learnln8 dlsability, of school leavlng age and above, In Whitby and the surrounding areas. The policies adopted in furtherance of these objective5 indude: the advantement of education; the advancement of community developrnent: the encouragemènt of equal opportunities- the relief of those in need, by reason of disability.. and the promotlon of any other charttable purpose which wlll develop the capacily and skllls of the learners In such a way that they are able to help meet their own needs and to partiopate more fully in societv. There has been no slgnificant change in these objettive5 durlng the year. The trustee5 have pald due regard to the tharity Comm15slon's guidance on public benefit In declding what activities the charity Should undertake.
Dalewood Trust- Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31. MARCH 2023 Achievements and performance The charity provides education and trainin8 to people of school leavin8 age and above with learnlng dlsabilities. This education provides people who would otherwise be dependent on carers with life skills and training. The skills le3rned enable better integration for such people within the local ¢ommunlty. The charlty also provides resplte rellef for carers. The Charity undertakes various attivities to further its charitable purposes Indudlng day care for people with dlsabilities, gardening services, craft sales, lunches, and support worker provision. The charity a150 operates a café in the local town centre to increase the publlds awareness of the trust and to provide ongoing service user training. Thè numerical implicatlons of these activities can be seen In note 4 on page 16 of these financial statements. Public benefit.. The benefits lo the publlc of the charlty are.. inte8ralion of local people with disabilities Inio the communlty resplte relief for carers educJtion and Iralning of people wlth dlsablllties past school leavlng a8e. As requlred by the Charity Commission 8uldance. all these benefits relate to the aims of the charlty. The trustees cannot see any detrlment or harm arising from these benefits. The benefits are primarily to a 5pecifi¢ sectlon of the publlc, those with learning difficulties and their carerfs. People in poverty are not eycluded from the beneflts
Dalewood Trust- Trustees Annual Report and Accounts TRUSTEES. REPORT FOR THE YEAR ENDED 31" MARCH 2023 Financlal review The results for the year and the charitys final position at the end of the year are shown In the attached financial statements. A summary of the financial results is set oijt below.. Unrestylrted Funds Restricted Funds Total fvnds 2023 Totsl funds 2022 Incornlng resources Resources expended Net Incoming resources 731,116 731.116 646,924 I2L7) Fund balances CF The chèrity is dependent upon ongolng fundin8 to provide lor resources and staffing costs. Continued funding will be necessary to enable the charity to continue at Its current level of artity. Whenever posslble addltlonal sources of fundin8 are sou8ht to mitigate the extent of the above. The charity's policy on ieserves Is thai unrÈ5trlrted funds are needed to.. provlde funds whid) tan be desiBnated to specific projects to enable these projects to be undertaken at short notice. and cover admlnlstratSon and support costs. without which the tharity could not funciion. bl The trustees conslder It prudent that unrestricied reserves should be sufflcient to.. avoid the necessity of reali5in8 fixed assets held for the charitvs use; cover one year's management and administratlon costs,. provide a pool equal to IO% of the average charitable expendlture over the precedin8 two years from which funds can be deslgnated to specific projects. bl The trustees consider that reseNes at this level will ensure that, in the event of a significant drop in fundin8, they will be able to continue the charlS current activitles while consideration Is given to ways in which additional fLtnds may be raised. The level of reser¥es is monltored and rewewed by the trustees on an ongoing basis throughout the year. Of the total unrestricted reserve5 at the year*nd of £804.884, £32.606 is represented by capltal items 8lvin8 free reserves of £772,278. Thè trustees have assèssed the major rlsks to which the charity Is exposed and are satisfied that system5 are in place to mitigate exposure to the major risks. The trustees recognise the importance of this functlon ènd have put in place all the relevant policies. Budgets and foretasts are prèpared on a regular bas1s. and these are regularly reviewed and measured against performance to minirnise exposure to risk and allow tlght control over expenditure.
Dalewood Trust-Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31° MARCH 2023 Structurei governano and management Dalewood Trust was Incorporated on 28 March 1996, as a tompany limited by8uardntee. The Charity was establtshed on 28 Marth 1988 and 15 an independent re8lstered charity- No 1058132. It Is governed by memorandum and artlcles of association and the tem of the prinapal trust deed dated 9 March 1988. The trustees, who are also the dlrectors for the purpose of company law, and who served durirvd the year and up lo the date of slgnature of the flnanclal ststements were: Mr R Eaton Mrsj M Carter Mrs J Atherton Mrj TThompson Mr C Jeffer50n Mrs M Carr Mr R HAtherton Addltlonal trustees are appointed at the di£retion of the current trustees. An Inductlon proce Is ndertaken for Individua15 prior to appointment as a trustee. All trutteès a provided with on8oln8 irteratLtre relevant to their posrfcion and are encouTrged to attend tralnln8 courses Whe nece55ary. None of the trustee5 has any beneflclal Interest In the company. All of the trustees are members of the company and guarantèÈ to contrfbute £10 In thè event of a windln8 UP. The trustee< report was approved bythe Board of Trurtees. Mr R Eaton Chairman Dated.. I SEP2S
Dalewood Trust- Trustee5 Annual Report and Accounts INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DALEWOOD TRUST I report on the accounts of the tompany for the year ended 31st March 2023 which are set out on pages 9 to 20. Respectlve responslbllftles of trustees and examlner The charity's trustees. who are also the directors of Dalewood trust for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audlt Is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity's gross income exceeded £250,C(10 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Certified Accountants. HavSng satlsfied myself that the Charity is not subject to audit under company law and is eli8ible for Sndependent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act- to follow the procedures laid down in the general Directions Riven by the Charity Commission under section 1451Sllbl of the 2011 Art,. and to statè whether particular matters havè tome to my attention. Bas15 of IndepÈndent examlnerfs report My examination was carrled out in accordance with the general Dlrectlons given by the Charity Commlsslon, An examination Includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeklng explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit and con5equerLtly no opinion is Biven as to whether the accounts present a 'true and fair view, and the reportls limited to those matters set out in the next statement. Independent examinerfs statement In connection with my examination, no matter has come to my attention.. {al which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companiès Act 2006 and with the methods and prlnciples of the Statement of Recommended Practice.. Accounting and Reporting by Charities; have not been met; or Ibl to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the financial statements to be reached. C PCeA Draycott & Kirk LLP 92 Westgate Guisborough Cleveland TS14 6AP Dated:
Dalewood Trust- Trustees Annual Report and Accounts STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31" MARCH 2023 Unrnstrkied funds 2023 ftestrKted funds 2023 Tot41 Totsl 2023 2022 Notes Donations and legècles Charitable actlvltles Investments 21.292 706,655 3.169 21,292 706.655 3,169 10,384 636.465 75 Total Income 731.116 731,116 646,924 ndfture Charitable activitles 633 1560,977 Net lou4olngllln¢omlng re50urc•s b•lore transfe B.5191 85,947 Gr0$5 transfers bety4eeThfuTh4s Net StomellexpeThdliur•l lorihe vearl Net movement ID funds 98,099 12,5191 95.S80 85,947 Fund lanceS at 1st 4rll 2022 706,785 7.558 714343 628,396 Fund b•L•nce5 at 31st Marth 20Z3 5,039 23 714,343 The statement of financial artivities intludes all galns and losses recognised In the year. All Income and expenditure derbve from contlnuing attlvltles. The statement of financlal attlvltles also complies with the requirement5 for an Income and expendlture account under the Companies Att 2006.
Dalewood Tru5t-Trustees Annual Report al Accounts BALANCE SHE AS Af31St MARCH 2023 Rxed assets Tangible assets 37.645 40,145 Current au•t8 Oebto other debtts Cash at bankand In hand 2¥774 110,579 598.789 813.755 raL133 Crndltow imountsl•Mni du• wlthln ono yt•r 1569351 Nèi CUkTent assets T12378 674198 714343 Netassets •)9J23 IOme funds Restrictedfund5 UnrÉstrlctedlunds- 8erw31 li 5.039 758 706,785 ,923 The company Is entitled to the exemptlon from the avdlt requlrement contslned in sertion 477 of the Companles Act 2, for the year ended 31° March 2023. The trustees acknowledge their SPOnsIbl11t1es for ensurlng that the charfty keeps accountln8 records whlch ccmply with sectlon 386 of the Ad and for preparing financlal statements whith glve a true and falr view of the State of affalrs of the company as at the end of the financial year and of tts incorning resour5 and appllcatlon of resources, Including its Income and expendtture, for the financlal year in accordance with the qUIreMentS of sections 394 and 39S and which otherwlse compty with the requlrements of the Companles Act 2006 rela8 to rinancial statements. So far as applicable to the company. The members have not requlred the companyto obtain an audit of financbtil thtements for the year In questlon In accordance with section 476. These financlal statements have been prepared In accordance wlth the provlslon5 appllcable to comp#nle$ subject to the small companies, regime. The financial statements were abproved by the Trvstees on. 7.9.25 R eaton Chalr Company Reglstratlon No. oa179744 io
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 3151 MARCH 2023 l. Accountlng pollcles Income Income Is reco8nised when the thariry i51allY entitled to it after any perf0mlan conditlons have been met, the amounts can be measured reliably, and it is probable that the irKome will be reteived. Cash donations are recognlsed on reipt. Other donations are recognised once the tharlty has been notified of the donation unless performante tonditi¢)ns require deferral of the amount. Any ncome tax recoverèble in relation to donations reIVed under Gift Aid or deeds of covenant Is r¢co8nised at the time of the donation. Granis recelvable are shown grS and are recnIsed In the SOFA to the extent that they relate to the period up to the year end. Where fvnding has been given for a period that spans the year end, the amount that relate5 to the followirb8 period is deferred and carrled forward. Expendlture All expenditure is accounted for cffl an accruals basis and has been dassified under the headings that aBgre8ate all costs related to the categLYy. Direct charitable expenditure includes the dired Costs ol the actiwties and depreciation on related assets. Where cost5 cannot be directfy attribLJted to particular headings. they have been all¢Jtated to activltles on a basls consistent wilh the use of ihe sOUrCes. Governance costs are those incurred in Connection Nwth admlnlstratlon of the charity and Compl1an wth constltutlonal and statutory requirements. Tanglble flxed a55ets Tangible fixed assets are Initlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Assets costin8 above £2CKJ are capitslised at cost plus any incidental expenses of acqulsition. Depreciation Is reco8nlsed so as to write off the cost or valuation of assets less thelr sIdual values over their useful live5 on the follon8 bases.. Leasehold prcperty Improvements FiKtures, fittings & equipment Motor vehl¢le5 33%- 50% pa straight Ilne 10%- 30% reduong balance 25% reducin8 balance The gain or105s ari%ng on the di5POsal of an asset is determined as the difference between the Sale proceeds and the carrying value of the asset and is recognised in the incornellexpenditurel for thè yèar. 12
Dalewood TrUst-TsteeS Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2023 l. Accounting policies Impalrment of fixed assets At each reporting end date, the thartty remews the orryingamounts of its tan8ible fixed assets to determine whether there 15 any indication that these assets have suffered an Impaimient loss. If any such indication ex¢sts, the reroverable amount of the asset is estimated in order to deterniine the extent of the impairnient1055 lif anvl. Cash and cash ¢quivalents Cash and cash equivalents indude cash in hand. deposits held at call wlth bank5, other short-term liquid Investments with ¢yiginal maturities ol three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5. Flnanclal Insiruments The Charity has elected to apply the provisions of Sectirn Il'Basic Financial Instruments, and Section 12 '0ther finanaal instruments bssues. of FRS 102 to all of its financlal Instruments. Financial instrLbments are recognised in the charitvs balan sheet wl)en the charity becomes party to the contrartual pro510n5 of the instrument. Flnancial assets and liabilitbes are offset. with the net amounts presented Sn the finandal statements. when there Is a legally enforceable right to set off the recognlsed amounts and there Is an Intention to settle on a net bases orto Tealise the a55et and settle the liablllty slmultane¢)usly. Boslcfinunclulossets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transartion price including transath'on costs and are subwuently carried at amortlsed cost using the effectlve Interest method unless the arrangement constitutes a finandn8 transaction, where the transaction is measured at the present value of the future receipts discounted at a martet rate of interest. Finandal assets dassified as re1vable withln one year are not amortlsed. 13
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 315T MARCH 2023 l. Accounting policies BoslcflnarKlalliubllitle5 Ba51c finanual liabilities, indudin8 credrtors and bank loans are initially reco8nised at tranrtion Pri unless the arYan8ement constitutes a finan£ing transacriryb. vthere the debt instrument is measured at the present value of the fthure payments discounted at a market rate of Interest. Financial liabilities classified as payable within one year are nor amortised. Debt instruments are 5ubsequenUy carried at amorti5ed cost. using the effertive interest rate method. Trade creditors are obligations to payfor goods or seTrlces that have been acqulred In the dInary course of operations from suppliers. Amounts payable are dassified as current Ilabilltles If payment is due wh1n one year or less. ff not, they are presented as non-current Ilabllities. Trade credltors are recognised initially at transactlon prlce and Subsequently measured at amortlsefl cost uslng the effective 1fitest meth¢xl. Derecoonltlon offinondolllobllltles Financial Ilabllities are derecognlsed when the thar1$ contractual obligations e¥plre or are discharged or cancelled. Employeè benellts The cost of any unused holiday entitlement is recognised In the perfod In Sthlch the employee'5 services are recelved. Aetlrernent bènetbts Payments to defined contrlbutlon retlrement benefft sthemes are charged a5 an expense as thev fall due. 14
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31st MARCH 2023 2. Critical accounting estimates and judgements In the application of the chariws 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 hlstorit31 experience and other fattors that are considered to be relevant. Aciual results moy differ from these estimates. The estimates and underlong assumptions are reviewed on an ongolng ba515. Revi51on5 to accounting estimate5 are recognlsed In the perlod In which ihe estimate Is revlsed where rhe Tev15ion affects only that perlod, or in the period of the revision and future periods where the revision affects both current and future perio(Js. 3. Income from charitable activities Unreslrfcted lunds 2023 Restrfcted fvnd5 2023 Tot•1 Total 2023 zozz Income Irorn sale of goods and seThkes NYCC seNice contracts Care fees receivoble Insurance clalm 166.658 506,810 33.187 166,658 506.810 33,187 140,123 433,831 37,197 25,314. Total Incorn• 706.655 706.655 636,465 15
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31" MARCH 2023 4. Expenditure on charitable artivities Vnre5tricted funds 2023 Re$tted funds 2023 Tot•1 Ttrtll 2023 2022 Staff costs Employers knsh)n cost5 Staff tiainln8 and D8S Purchases and kro01 Mlnibus costs A¢tivlty Costs 445.175 445.175 365.694 5,261 1,345 26,427 5.896 1,436 15,956 8,672 2.255 3.026 14,460 2,189 2523 4.880 2,697 3,113 915 32,583 22.076 39,573 56Q.977 998 35.730 7,717 2,2% 16,306 10.665 2,491 2,87S 22380 2.231 2.691 998 35,730 7.717 2.296 16.306 10,665 2,491 2.87S 21990 2,231 2,691 Insurance Telephone Office costs Repairs, small ewlpThrt. unrforms Cleanini Licences aNI $ubstrlptlon5 Accountaniv Professlonal fees Mlscdlaneou5 expenses Finance costs Depreciotion Irrec0verate Input VAT Coltseum Call- set below 3.629 2.914 3.629 2914 15.661 1.647 44678 633,017 2519 18.180 1647 48,678 635.536 2,S19 For the y•Jr ended aist March 2021 Ufjrestrl¢ted fund5- 6ener•l Resirted tunds 558,458 1,519 560,977 Co115eum C•fé- al urbf•strtted Staff costs EmF4oyers pension costs Pur¢h•ses and provwons Rent Telep1ne Qfflce costs AÈpairs and small equlpm•nt C¥ning LICee5 aThJ subscrtptlons Miscellaneous expenses Firiance costs 20.618 397 16,671 6.923 20,618 397 18,663 345 12.680 5,507 16 46 1.096 625 215 14671 6.923 37 1.199 1,913 37 L199 L9L3 2( iii 219 48.678 2LKS 211 219 48.678 225 151 3973 Deyeciation 16
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS . FOR THE YEAR ENDED 315t MARCH 2023 5. Trustees None of the trustees lor any persons connected with them) reiVed any remuneration or beneflts from the charity during the year. 6. Employee5 Number of empknyees The avera8e monthl¥ number of employee durirethe year was.. 2023 No 2022 Mana8ement and administratlon Charltable actlvftles 27 23 32 28 Employment costs 2023 2021 Wa8es and salaries Social security Costs Other pension costs 445,869 19,92S 6.880 369,022 15,334 5,607 472,674 389,963 Dalèwood Coliseum Calé 451.659 21.015 370.955 19.008 472,674 389,963 There are no empby*es recel¥ed total enwloyee benefrts of nKTh than £60CQ). 7. Pension costs The Charlty operates a defined contribution pension stheme in respert of certain employees. The scheme and Its assets are held by independent manaBers. The pension ¢har8e for the year represents contributions due from the charity and amounted to £6.88012022 - £5,6071. 17
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31" MARCH 2023 8. Tangible fixed assets Lèasehold property knprowements fittknts & equ¥)ment Motor vehkle5 Totsl C05t At 1st April 2022 AdditDns Disposals 121.736 102.333 48250 12.999 272,319 15.899 At 315t March 2023 121.736 105233 61,249 288,218 Depreci•tlon •nd knpllrnient At 1st Aprll 2022 Dlsposals Depreciation charged the year 121,736 76579 33.859 232.174 7270 11,129 18.399 At 31st March 2023 121.736 83149 44,988 250,573 Carrylng amount At 31st Marth 2023 21,384 37,645 At 31st March 2022 2S,754 14,391 40.145 9. Debtors 2023 Z022 Amounts lallln8 du• wlthln one ywr. Trade debtors Other debtors Prepayments and accrued IOme 15,224 8,732 110,570 13,042 15,220 30,444 132,344 Other debtors comprised the amount due from the pending insurance dalm made agalnst the previous accountant relating to late VAT registratlon. 18
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31" MARCH 2023 10.Creditors: amounts falling due within one year 2023 2022 Amounts falllng due vAthln one year. Trade creditor5 Other creditors Other taxes & social 5etudty Accruals and deferred Incoff 5.329 6.507 6.090 6,061 5,548 39,236 55,080 71,921 56,93S 11. Movement in funds B•nCE at 1.4.22 Incomln8 rsouY¢es Rsour¢es expended Trnn5f•rs Balan¢0 It 31.3.23 Total Restrkted funds Capital asset fund 7358 125191 5,039 2.519 5,039 Unrestrltted lund$ General fund5 Designated funds 706,785 731.116 I6331 804A84 ?(.785 731,116 633.017 804,884 Total funds 714,343 731,116 635,536 809,923 The restricted Iwd relates to mlnSbu5 Tr8i5tration nwnter NK67 CPZ. The fund is reduced annually by the amowbt of depreclatlon reL4Vri to the vehlcle. The unrestricted fuThJs represent the free serveS of ihe Crfty. 19
Dalewood Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENT5 - FOR THE YEAR ENDED 31" MARCH 2023 12. Analysis of net assets between funds Vnrestrfcted lund5 Restrkned funds 2023 Totsl Total 2023 2023 2022 Fund balances at 31st M4r¢h 2023 a r4pr¢wnted by.. Tangible assets Current assetsllllat4ittièsl 32.606 772,278 5x139 37.645 772.278 40,145 674.198 5.039 809.923 714,343 13. RELATED PARTY TRANSACTIONS There were no dlsdosable related party iransaciions durln8 the year12022- none) 20