Company Number Charity Number 03466597 1081760 TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIABER 2023
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL CONTENTS P8ge Company informat'on Report of the Board of Trustees Independent Exarninevs report ststem8nl of fina181 activSlles Balance sheet Notes lo the financial stat8rn8nts 10-15
TRINITh BUOY WHARFTRUST A COMPANY LIMITED BY GUARANTEE wHOuT SHARE CAPITAL COMPANY INFORMATION DIRECTORsrrRUSTEES K E C Sorensen (Chair) P W Gough CJRGrant D Jones Jccoe S A O'Reilly P Brickell D Ri¢hards lappoinled 9 M8y 2023) P Smith lappointed 7 September 2D23) SECRETARY J B Parker (resigned 1 March 20231 REGISTERED OFFICE Trinity Buoy Wharf 64 Orcharf Fl8Cg London E140JW ACCOUNTANTS PrKe Bailey LLP 24 Old BorMI Street. Mayfair London W1S4AP BANKERS Co-op 1 Islington High Street. Islington N19TR Nast Bank Docklands Soulh Quay Branch 54 Marsh Wall South Quay Wesl India Dock Docklands Isle Of Dogs LorKlon E149TP SOLICITORS PaTker Arrenberg 37 Rushey Green Cattord London SE6 4AS COMPANY REGISTRATION NO 03466597 (England and Wales) CHARrrY REGISTRATION NO 1081760
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 310ECEM8ER 2023 structure, Govemance and Management Governin Document The organlzauon is a charitable company limitod by guarantee. incorporalad on 17th November 1997. Charity reglslralion w8s confimied on 28 July 2[. The cThmpany was established under a Memorandum of Association whlch established the objects and powers of the Charitable company and is governed under Its Arti¢18s Df Association. Rocrultment and olntment of Trustees The Directors of thè company are also charity trustses for the purposes of charity law and under the companies arb'des are known as members of th6 Board of Trustses. The C(panY is organized so that the Trustees meet regul8rfy to manage tts affairs. It does not employ any full or parE-time staff but ils adminislratton is managed under the direction of the Trust88s by consultants. Rlsk Mana oment The companys intestS and objects are protectad through the under lease granted to Urban Spac8 Holdings Lldrtrinity Buoy Whorf Space Management Ltd. As developers and manager5 of the sile USHITBWSM ar8 effectively b8arirvJ the main risks. There are legal remedies contained in the Urer lease should usHBs be in baCh. Public Ben The charity Truste8s have Complied with their duty lo have regard to guidance on publk benefrt publighad by the CDmm15sion in exsrcising their powers or éuties. Ob ectlves and Activitie5 The companys obj8cts and prinapal activitTr&s are. For the b8nefit of any charl(able purpose which promotes the arts And the education of the public in the arts in th8 London Borough of Tower H8mlèts and surrounding Boroughs as the TTUStees may fr[ time to time delem)ine. The Trust achi8ves Ihese objectives by mainly grant aiding a wlde variety ot individual artists or arts organisalv)ns where they would be unable to undertske Specif activrtses without financial support. The Trust also supports physical projÈcls 8t Trinity Buoy Wharf. such as nw buiklings and bridges, where it is clear that these cannot be funded wrfthout financial SUPFth- 2023 was a year of continued gr0h and aGtivity al Trinity Buoy Wharf with 0[up8b0n being maintained al close to 1000A. The Trust agreed that occupation costs should kept as low as possible to help support th& tenants and lo offset the extemal financial pressures. A cap of 3.5% increase on rent and a freeze on semce charges was maintained throughout the year. Trustees David Richards and Phillip Smilh were Invited to join the board during the year. Trust Meetin Trustees mel knce in person during the yeai. On the 9* of May and on the Th of September. Regular Contact was rnainlaingd by the chairman and trustees and certain grants were prowjsed arml debated by email.
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE THoUT SHARE CAPITAL TRUSTEES REPORT (INCLUDING DIRECTORS, REPORn FOR THEY&qR ENDED 31 DECEMBER 2023 Dovelo ments During the year the Faraday Schod spatt was increased by Ihe adlOn of tsvo classrooms and an ddition21 play spacè. A four-storey cont&ner-based tower was instslled. This is inténded to house furth8r battary storag8 to add lo the energy sustainability that 15 afforded by the large-scale PV arrays on slle. The provision of back of house facilities lo supFM)rt arts and commercial activitie5 al the Chain and Buoy store w8s signrficantly enhanced by a doubling of the welfare and catering space. On Decemberthe 10th the Viclorian Steam Ship arrived al TBW. This is a major addition to the maritime history that is embodied in the vessels now moored around the listed river wall. Events and Arts actlvltles Throughout the year a Whle range of events were supported by the Trust induding- the Trinity Buoy Whart Drawing Piize, the Ruskin prize, Longplayer, Trinity Buoy Sounds The Princes Foundation Course, now known as the Kings Foundation EdLFcakn'onal courses in mosaic and drawing Weekend summer schods Coaching in filmmakirvJ and arts manag8rnent Flnanclal Roviaw and Ros•rvas The Trinity Buoy Twst holds a 125 year lease on the land and buffdings al Trinily Buoywharfand gmnts a lease of 124 years to the devel¢)per arHJ manager Urban Space Management. 25% of the rent received from tenants atTBW is paid overlo the Trust. From which company the TNst reiVed £318,271 during the year 1st ofJanuary 10 315t ol December 202312022.. £306,457}. The charity expendilure lolalled £253,29312022: £43D,956}- Unrestrictsd not assets * the year eno totalled £184,821 {2022'. £109,968}. The policy of the trustees is to ensure thal the level of reserves over the coming years sufficient to meet the d8mands of the Trust. The level of free reserves al the end of the year under review lolal of £Nil12022.' £Nill, how&ver the trust has £184,821 of funds designated12022= £109,968), which can be urKlesignaleé if the need arises to ensure grant Commiunenls can bo meL ol lh8 Tnjsl's funds h61d at tha year end are generally unrestricted funds which are expendable al the discreti(M of the Trustees in lurtherance of the objectives of the charity. SLKh funds may be held in ord8r lo financ8 working capital r8quiram8nts.
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE THOUT SHARE CAPITAL TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Responsibiliti of tho Trustees The trustees {who are also the diTectors of Trinity Buoy Wharffor the prrls@S of company law) arè responsible for preparing the Truslaes report and the fin8neial stal8ments in accordance with applicable 18w and United Kingdom Accouni'ng Standards {Uniled ngdoM Generally Accepted Ac(x)unting Practice}. Company law requires the dlrect(Ks to prepare finanal stst8menls for each finaniial year. Under that law the directors hav2 elected lo prepare the finanaal staiement5 in accordance wth United Kingdom Generally Accepted Accounting Practice Iuniled Kingdom A¢counling Standards 8nd appliGgble18w}. Under company law th6 directors musl not approve the finanual statements unless they are satisfied that they givè a true and fair view of the stale ol affairs oflhe charitable c4)mpany and Of the incoming resourcès and application of resources, including the income and expendituro, of the charitable company for that perv)d. In preparing these financial Stalemenls, the directors are required to: select suilable accounting pdicies and then apply them consislenuy, obsèrve the methods and princAples in the Charities SORP FRS102120191', makejudgrnents and aGcountlng estimates that are re85(w)abl? and prudent slal8 whether applicable UK Accounting Standards have been follow, subject to any malédal epartures disck)s8d and explained in the financial staternenlg", prepar8 the financial slalements on the going concem basis unless it is inappropriate to presume that the char¥talle companywll continue in operab"on. The Tnjstees are reSnSIble for keen9 8dequate accounting records that are SLrffieient to show and explain the charitable companls transactions and disclose with reasonable accuracyat any time the financial position of the chtsbIe company and enable them to ensure that the finanual stalem8nts complywilh the Cornpaniès Act 2006. They are also r8sponsible for safeguarding the assets of the charitable company and herKe for taklng reasonablesleps for the prevention and detection of fraud and other irregul8rib'8s. The Trustees aig rgspon&ble for the Maintenan and integrtty of the corrK)rate and financial information included on the charitable companls website. Legislation in the United KinOM governing the preparation and dissemination of financial stslements may differ from legislation in other jurisdictions. This rep(xt was approvad by the Board of Trustees on and signed on its behalf by K E C Sorens Chair
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRINITY BUOY WHARF TRUST - COMPANY UMITED BY GUARANTEE WITHoirr SHARE CAPITAL I report to the charlty Irustaes on my examinati( of the accounts of the company for the year ended 31 De¢embgr 2023 vthich are 56t ¢xrt on pages 10 to 17. Responslbllltle$ and basls of report As the charity trustees of th8 company larbd also its directors for the purposes of MpanY lawl you are responsible for the preparaiion of the accounts in aco)rdance with the requirements of the Companies Act 2006 (the 2006 Act'l. Having satisfied rnysem that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are aligibl8 for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of thg Charities Act 2011 ltthe 2011 Acl'l. In carWng out my examination I have followed the Directions given bythe Charity Commission under secbon 14515llbl of the 2011 Act. Independent examinorfs statement Slnce the companqs gross income exceeded £250,000 your examiner must be 8 rnember of a tthy listed In section 145 of the 2011 Act. I confirm that l am qualified IL) undèrtak8 tha examinallon because l am a membgr of the Institut8 of Chartered ACcntaThts in England and waS, which is one of Ihè listed tK>di8S. I have completed my examination. I confirm that no matters havg come io my attention in connectlon with the examination giving me use lo beIve that in any material respect.. accounting records were not kepl in respect of the company as requitEd by section 386 of tho 2006 ACL or the accounts do not accord th those rècords.. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other th8n any requirement that the accounts give a 'true and fair which is not a matter considered as part of an independent examinatv)n.' oi the accounts hav8 not been prepared in accordance wrth the methods and princlples of the Stslement of Recommended Practice lof accounting and r8porbng by charities applicable lo ch8rities preparing their accounts in accordance with the Fin8ncwl Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no CDne&rns and havg come across no oihermatters in connection YAth the exarnination to which attention shcAJlrJ be drawn in this report in order to enable a proper undorslanding of the accounts to be reached. P.- LLe Mlchael Cooper-Davls FCCA ACA Price Ballèy LLP Chartared Accountants 24 Old Bond Street, Mayfalr London W1S4AP Dale: 5 August 2024
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 (INCOME AND EXPENDITURE ACCOUNT) No¢gS Year ended 31 December 2023 Year ended 31 Decembgr 2022 Unrestrfctod Fund Unrestricted Fund INCOME FROM: Charitable acdvities Investments 318,270 9,876 303,509 3,038 TOTAL 328,146 306,547 EXPENDITURE ON: Charitable activikn'es (253,293) 1430,9561 TOTAL (250.3331 1430,9561 NET MOVEMENT IN FUNDS BEING NEf INCOME I (EXPENDITURE) 74,853 1124.4091 Totsl funds brought forward as pmviously stated Corrgction ol a prior perh)d 109.968 149,569 84,808 TOTAL FUNDS BROUGHT FORW AS RESTATED 109,968 234,3TT TOTAL FUNDS CARRIED FORWARD 184.821 109,968 l income and expendlture has arisen from continuing actiW1$. The Statement of Financrdl Activities includes all gains and losses r8cognised in the year. The notes on pages 10 to f5 fom part of these financial ststements.
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023 COMPANY REGISTERED NUMBER: 03466597 Notes 31 Decomber 2023 31 DgGember 2022 CURRENT ASSETS Debtors 5,916 2,305 Cash at bank 676.966 673,632 682.882 675.937 CREDITORS-AMOUNTS FALUNG DUE WITHIN ONE YEAR 10 (304,3381 {389,9451 NET CURRENT ASSETS 378,544 285,992 TOTAL ASSETS LESS CURRENT LIABILITIES 378.544 285,992 CREDITORS- AMOUNTS FALLING 11 DUE AFTER ONE YEPR {193.7231 176,024) NET ASSETS 184,821 109,968 FUNDS Unre51ricte(l fvnds Unreslricled fund Designated fijnd 12 12 184,821 109,968 TOTPL FUNDS 184,821 109,968 For the year ending 31 December 2023 the company was entiued to exemption from audil under section 477 of the Companies Act 2006 relating trj small eompanw. Dlreclors, responsibillties.. The members have not required thg company to obtain an audit Df its accounts for the year in qLJestion in accordance with sectlon 476.. The directors atnowledge their responsibillties for comth'ng the requirements of the Actwith respect to accounting records and the preparation of accounts. Thesè accounts have been prepared in accordance with the provisions applicable to ¢x)mpanies subject lo the sThall cornpanies, regime and in accordance wtth Statemenis of Recommended Practice for Charrtias of the Fin8nciBI Reportiro Standard 102 ISORP 2019- FRS 102). The flnancial statements w8re approved by the Board of Trust88s on I [4112 t)IV K E C Soron$en Trustge The no1 on pages 10 to 15 fomi part of thgse finanual ststements.
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 BASIS OF PREPARATION Trinity Bwy Wharf Trust is a charitable company regist8r8d on 28 July 2000 under a Memorandum of Asso¢ialion which 6stablished the obj'ects and powets of the charrtable company and is governed under its Artides of Association. The chariiatAe cornpany is a public benefit enfity, limil&d by guarantee, under the number 03466597 in England, within the United lfjngdom. The address of the regisl8rèd office, and pkoce of business. is frfnty Buoy Wharf. 64 Orchard Place, London. England E14 QJW. The financial statements have been prepared und8r the historical cost convention, unless olhemise specified wrfchin these accounting policies, and in accordance with Ststements of R8coMmendj Practice for Charities of the Financial Reporting Standard 102 ISORP 2019- FRS 102) and applicable accounting stsndards as amendad by Bulletin 1. The financial ststements are presented in Sl8rfing (£1 and are rred to the nearest £. Going Concern The financial statements have been prepared on a going concem basis which forecasts that the Company will have adequate resources lo continue in operational existence for a period Df al least 12 months fr(n thè date of thi8 financial report. A forecast has beèn prepared for a pericl of more than 12 monlhs from the dal8 of approvol ofthese fmancial statements. Th& for8cast indicates that: whilst tsking into account wsonable downsid8S, sufficient funds are expected lo be genetzted wtthin the Company so as to meel the liabil&S of the Company as they fall due. ACCOUNTING POLICIES Fund accounting Unrestricted funds are available for u88 at the discretion of the truslees in further8nce of the g8n8ral objectives ol lh8 Chartty and which hav8 not been designated for othèr purposes. Deslgnated funds comprise unrestricled funds that have been Sel asid8 by the truste&s for particular purposes. Th8 aim and use of each deswJnated fund is sel oul in the notes lo the financial statements. Incoma l income i% included in the Stsiement of Financial Activrties (SOFA) when the Charity is legally entitled lo the income after any performance conditions have ba8n mel, the amount can be measured rellably and it is probable that the income wll be reNed. Rental income is recognised when the Charity is18gally enlilled to the incorne after any perfomiance conditions have been m81. the amount can be measured reliabty and it is probable that thg income will be received. Rental income is recognised in the pericd lo whh il relates. Donations, g8¢16s, grants 2nd 01her forms of voluntary incA)me are recognised as income when recivable.
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ExpBndltur8 Ml &xperKlitur8 is accounl8d for on an accruals basls and is inclusNe of VAT. Expenditure has been classified by nature. Governan costs are those incurr8d lor the govemance arrangernents of the Charity whi¢h r8lat8 10 the stalulory running of the Charity as opposed to thoso costs associated with generating funds. Costs that cannot be allocated direttly are apportioned as support costs on a fair, reasonable. accurate and consistent eskn"wnats basis weighted according to the use ofthè trust's general resources. Tanglble flxed assets and d•prg¢lation Tangible fixed assets other than freehold land are staled al cost less deprecialton. Deprecialion Is provided at rates calcLJlat8d lo wrrle off Ihe wsl less estimated residual value of 8ach asset over its expected uspfullrfo. as follows: . Leasehold property & leasefK)kl improvements.. Straight line over 15 years • P18nt and machinew. Straight line ov8r 3 years Flxtures, fittings & equiprnenL. Straaht lir ov8r 4 years Assets sublectto depreciation or amorbsaton are reviewed for impaimientswhenever events or other changes in Circumstan indicate that their carrying value is greater than the recovefabl8 amounL Trinity Buoy Wharf include5 its propety, Trinity Buoy Wharf. 81 cosL As the cost of the property was fully covered by a grant there i% subsequenljy no larvJible fixed assets slv)wn on the balance sheeL Debtors Trade and other debtors are recognlsed atlhe SettMentamountdue after anytrad8 discount offewd. Prepawnents are valued at the amount prepaid nel of any trad8 discounts due. Accrued incorne and tax recoverable is included at th8 st estimate of the amounts leNable at the balance sheet dale. Cash at bank and in hand Cash and cash equivalenls include cash in hand, deposits held al call wth banks. other short-term liquid investrnents wth original maturitses of thr8e months or less, and bank overdr8fts. Credltors Creditors are recognised where the Charity has a presenl obligation from a past event that will probably result in the transfer of funds lo a third party and the amount due to seitle the obligatn can be measured or estimated reliabty. Creditors are normally recognised at their settlement amount After allowng for any trade discounts due. Financlal Instruments The Chadly only has financlal assèts and financkgl Ilabilit5 of a kind that quallfy as basic financlal instruments. Basic financial instruments are initially recognised al transaction value and subsequently measur8d at their setuement value. Al assets and liabilities are recorded at cost vthich is their fair value. Taxation The Company is considere(J lo pass tho tests set out in Paragraph 1 Schedul8 6 of the Finance Act 2010 and therefore it meets the dèfinition of a charitable company for UK Corporation tsx purposBs. Accordingly, the company is potentially axempt from laxation in respect of incomg or capttal gains received withln categor$ covered by Chapter 3 Part 11 of Ihe CDrporalion Tax Act 2010 or Sèction 256 of the Taxation of chargeab Gains Act 1992. lo the extent Ihal such income OT gains are applied eXcluve1Y lo charitable purwses. Key sources of judgement and estimation uncertainty No signifKanl judgements, aGcounling wlicies or assumptions have b88n made by management in appllng the Charivs aGrAiunting pdic4es.
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ANALYSIS OF INCOME AND ENDOWMENTS 31 De¢gmber 31 December 2r123 2D22 Charltable actlvllles Rental income 318.270 303,509 LEGAL STATUS OF THE CHARITY The Charity is a company limit8d by guardntee ar ha5 no share capital. The liabllity of each meTnber in th8 8venl of ndIng up 18 liwniled to £1. ANALYSIS OF EXPENDITURE Year 8Trdod 31 December 2023 Y9ar end•d 31 December 2022 Grants payab to institutsons White Rose fcAJndation Leamouth Bridge Studlès Artyface Thamgs Festfval TnJ5t USM- LeamoulhlBrKlgÈs UntvErsity of Arts Action Dog ZU UK RIOFONEHACK Princes Foundation Wortd Heartbeat Acadpmy The Line Community Trust Roy81 Drawing Show of Show Opera up Clos& Ship's Orchestra London Hand81 FeslnRI The Kings Foundation 30,0 58.OCKJ 5,960 10,000 10.000 733 12,4C4)1 12,3621 1500) S4,0 141,tX)O 50,000 10.000 {10.0001 4.475 5.000 26.CKJO 178,200 228.413 9,795 339,693 78,6TI Grants payabl• to Indlvlduals 238,208 418,370 Support and Governance costs Secretarial fe8s Independent examiners remurali0n 10,003 5,082 6,969 5,617 15,085 12,586 Total Resources Expgnd8d 253.293 430,956 12
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE wrrHOUT SHARE CVITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STAFF COSTS There are no employees who received any emoknments dL6ring the year or th9 prior year. The average number of staff in the year wrds Nil12022- NIS). TRUSTEES REMUNERATION OR EXPENSES No remuneration was paid to trustees during Ihe year (2022- £NILI. Mo 8xpens8s w8r8 relmbursed to the IteeS in the year12022- £NILI. TANGIBLE FIXED Assyrs Leasehold Land and Buildings Cost Depr8ciallon 106,250 1106,2501 Net bo(* value 31 December 2022 Net bwk value 31 December 2023 The Tnjsl was granted a licence to occupy the sf(e to Urban Spac8 Management Llmlted for 124 years from 1 April 1998. Upcm completion of work speufied in the development agreement this licence was converted into a lease. DEBTORS 31 December 31 Dacamber 2023 2022 Accrued interest 5,916 2,305 5.196 2,305 10. CREDITORS- DUE YIITHIN ONE YEAR 31 December 31 D8cember 21Y23 2022 Trade creditors Other cr8ditors Commltted grants 2,5QO 15,380 372,065 12.070 292,268 304,338 389.945 13
TRINITh BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE wrrHOUT SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. cREDORs- DUE AFfER ONE YEAR 31 December 31 Doe¢mb•r 2023 2022 Grants 193,723 176.024 12. DESIGNATED FUND 31 Dec8mb8r 31 Do¢omber 2023 2022 Proposed Leamouth Bridge and Foolpalh 184,821 109,986 Th8 designated fund represents funds that wll g) towards the Operat and maintenanc8 of Leamoulh Brldge & Footpath once rt is bulk. The twsl has promoted the building of the bridge slnce 2003. The bridge will connect Trinty Buoy Whart Vth Canning Town Station thus making the sile much more accessible. 14
TRINITY BUOY WHARF TRUST A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2023 12. FUNDS Balance a5 at 1 January 2023 Balancg as at 31 Decgmber 2023 Incomo Expondlturo Transf•rs 00slgnated funds Propos8d L8amouth Bridge and Footpath 109. 74.853 184,821 TOTAL DESIGNATED FUNDS 109,966 74.3 184.821 Unr•$trlctod fund 328,146 1253,2931 174,8531 TOTAL UNRESTRICTED 328,146 1253,2931 174,8531 TOTAL 109,968 328,146 1253.293) 184,821 Balance as al 1 January 2022 {as reslatedl B•lance as at 31 December 2022 Income Exponditure Trnnsf•rs Deslgnaled fvnds Proposed L8arrK)uth Bridge and Footpath 191.284 15,960) 173.3561 109.988 TOTAL DESIGNATED FUNDS 191.284 15,960} 175.3561 109,988 Unr•strict8d lund 43.093 306.547 1424.996} 75,3S6 TOTAL UNRESTRICTED 43,093 306.547 1424.996) 75,356 TOTAL 234.3TI 3(,541 1430.956) 109,968 The transfer of funds is in relation to the tharitys increased unrestricled expenditure. 13. RELATED PARTY TRANSAclloNS Phillip Smith who became a trustee on 7 September 2023 provided secretarial services ID the charify prio)r to his appoinlmenl. Subsequently. the charity has been invoiced foi £2.960 for these services which remain outstanding at the year end. No further related party transactions t¢X¥k place in the period12022 £Nill. 15