Company regigtration number: 4190401
Charity registration number: 1091698
The Poverty and Environment Trust
(A cojnpany Itmiled by guarantee)
Atmual Report and Financial Statements
for the Year Ended 31 March 2024
Devines Accountants Limited
Chartered AGGountants and Registered Audiiors
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 ORG

The Poverty and Environment Trust
Contents
Reference and Adrninistrative Details
Trustees, Report
2to4
Independent Examiner's Report
5t06
Statement of FinatLcial Activities
Balance Sheet
Notes to the Financial Statements
9t015

The Poverty and Environment Trust
Reference and Adnjinistrative Details
Chairman
Andrew J Warren
Secretsry
ROt￿ld Bailey
Charlty Reglslratlon Number
1091698
CompAny Reglstrallon Nllmber
4190401
Reglstered Offiee
Devines Bellefield House
104 New London Road
Chelmsford
E5S¢X
CM2 ORG
Principal Office
5-7 Buck Street
London
NWI 8NJ
Illdepelldent Examlner
DeVin¢s Accountants Limited
Chartered Accountants and Regist¢r¢d Auditors
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 ORG
Page I

Tbe Poverty and Environment Trust
Trustees, Report
Th¢ trustees, who are direclors for the purposes of Company law? present the ￿QUal teport together with the
fik]an¢ial ststements and auditors, report of the Charitable company for the year ended 31 March 2024.
This report is also tbe Directors, Report as required by s417 of tbe Componies Act.
Objectives and ￿ctivitIeS
Objects and aims
The objective of th¢ Trust is to relieve poverty and protecl the environmenl. We believe that these h¥0 ambitions
are inextricably related. Our project8, therofore, research the long-teml solution8 needed to achieve these goals
and assist people in advocating effectively for those solutions.
ObJeeÈlves, slralegles and acllvldes
Previously, for the Community Energy Revolution projecL work has taken place to research the benefits and
obstaGle8 to small-sGal¢ alld community-owned and run ren¢wable energy generation and supply. This r¢sulted
in the production of a Private Members Bill, the Local Electricity Bill, that offered solutions to the market issues
identified in Ihe research process. The project also ¢ondurt¢d research into the operntion and effi¢a¢y of the UK
Govemment's new Community Energy Fund.
The projeGt team ￿sisted mejnbers 0£ the publi¢ and community groups to maLce the most of legislative
opportunities that could enable the growth of ¢ommunity-based r¢newable energy across the UK, educating the
public on these Oppor￿nItIeS and the mechanisms of effective advocacy. They organised mass public
¢onununication5 to give updates on, and the cuttent actions needed to best support the community ellergy sector.
They have assisted individuals, community groups and national organisations to reach out to policymakers to
advocate for assisting cornmunity.based renewable enew. Thi8 has taken place through regular e-newsletters
alld online content, attending in-person events, as well as individual asslstancc to people in Mfiting to or meeting
wlth an elected representative.
Separately to this, the Trust Carried out work on the ¢liinate and natur¢ ¢risis and esp¢¢ially on how these two
issues were inter-linked. We researched in some depth the stance of policy rnakers on this issue. As part of this
work, research and evidence was sha￿d with MP'S and Millisters of both ￿￿jor Partics.
Publlc benefit
The trnstees confinn that they have complied with the requirements of section 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales,
Achlevements and performance
The work detailed above advallced the Trust'5 objectives of r¢li¢ving poverty and prot¢cting th¢ environmmt.
Notable progress has been a¢hieved in the past year, especially with regards to the widespread public and civic
support for GQiT]munity- based r¢newabl¢ whiGh led to th¢ UK Governm¢ul launching a new £10 million
two-y¢ar Community Energy Fund for England in January 2024. Our ¢ommunity energy project played a
leading role in the research &nd education of Community grDUPS and organisations th&t trig£ered cross-paty
support and advocacy in Parliam¢tLt for this,
The Trust continued its work to develop the knowledge of the benefits and challenges of ¢ominunity renewable
energy generation and siipply, ¢onstruGtively collaborating with key sect(Trr stak¢lkold¢rs.The Trust educated and
empowered th¢ publi¢ to advocats effeGtlvely and eDgag¢d with relevant policymakers.
Page 2

The Poverty and Ellvironment Trust
Trustees, Report
Finin¢Éal revi¢w
Dwing the year the Trust made a surplus of £27,700.
During the year the Trust used its resources to fund measures as detailed in its charitable objectives,undertaking
further study. The tru8te¢s consider that the reserves are at present sufficient for this purpose. At present all
monies are held in the Trust's banlc account.
Prlndpolfundlrtg sources
The main sources of income from grants including the following grants of £10,000 or more..
The Joseph Rowntree Ch&ritable Trust - £30,000
The Marmot Charitable Trust- £16,000
Trust for London - £40,000
John Ellennan Foundation . £30,000
The Blg Give- £10,000
The Network for Social Change .£16,440
Trus¢ee$ and officers
The trustees and oifiLers serving during the year and since the year end were as follows:
TTUStees'.
Andrew J wa￿en
Martyn Williams
T￿ya Kenny
Sygd Aljmed
Chainnan..
Andrew J Warren
Secretary:
Ronald Bailey
structure? goverTraTrce and 3nanag¢rnent
Nature ofgoverning document
The Trust Is governed by its Mernorandum & Articles of Association a8 amended on 5 April 2002.
Recrulfvient and oppolntmenl of trusle
Trustees are elected in accordance with the memor￿dum & Articles of Association as amended on 5 April
2002.
Page 3

The Poverty and Environment Trust
Trusteesl Report
Organisati(pnal struc¢ur¢
The Trust is managed by four trustees who have experienGe in the fields of activity covered by the Trust, t￿d
manageftnent of such projects.
The day-to.day activities are carried out by the Company Secretary, assisted by a consultant Stephen Shaw, who
reports to the trustees and, in between meetings, to the Chair of th¢ Trust.
The Ckair, Mr W&rren is the Chairnmn of the Brilxsh Energy Efficiency Associatioll (BEEF). Mr Williams is a
forn]er employee of Friends of the Earth. Mr Ahmed is Director of the Parliamentary Renewable and
Sustainable Bnergy Group (PRASEG), Policy Advisor to the Green Gas Certification S¢heme (GGCS), Ch&ir of
Repowering London and a trustee of Nationd Energy Action. Ms Lcenny is External Affairs Officer at Demand
Logic.
Statement of trustees, regponslbllttles
The trustees (who are also the directors of The Poverty and EnVIro￿￿ent Trust for th¢ pu￿oSeS of company
law) are respDnsible for preparing the truste¢s' report and the financial statements in accordance witlL applicable
law and United Ilingdorn AcGotuttillg Standards (Unitsd Kingdom Generally Accepted Accounting PraGti¢e),
including FRS 102 "The Financial Reporting Standard applicable in the UK and Repiiblic of Irel&nd
Company law requires the trustees to prepare financial statements for each financial year. Under Gompany law
the trustees must not approve the finanGial statements unless they are satisfi¢d that they give a true and fair view
of the state of affairs of th¢ charitable company attd of the incoming resources and &pplication of r¢sour¢e$,
including its income and expenditure, of the Ch￿Itable rompally for t1￿£ period. In preparing these fmancial
statement4 the trustees ar¢ required to..
select suitable accijunting polioies and apply them Gonsist¢ntly'
observe the metljods and priticipl¢s in th¢ Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable acGounting standard8, comprlsing FRS 102 have been followed, subjeot to any
material departures disclosed and explained in the financial stalements. and
pr¢pare the financial statements on the going concern basi5 unless It is inappropriate to presume that the
charitable company will continue in business,
The trnstees are respollsible for Iccepillg proper accounting records that Can disclose with reasonable accuracy Rt
any t1￿¢ the financial position of tlLe clwitable company and enable them to ensure that the financial statstrLenls
omply with the Companies 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable stsps for the prevention und detection of fraud and other iNegularities,
The trustees are responsible for the maitjtenance and integrity of tkL¢ ¢orporate and financial infomation
inolud¢d on the charitabl¢ company's website. Legislation goveming the preparation and disseniination of
fman¢ial Statements ￿aY differ froin legislation in other jurisdictions.
The annu&l report was approved by the trustse8 of the charity on 30 January 2025 and signed ott its behalf by:
Andrew J Wari'en
Chairn]all and Trustee
Page 4

The Poverty and Envirollment Trust
Independent Examiner's Report to the trustees of The Poverty and Environment Trust
('the Company,)
I report to the charity trusiees who are also Directors for the purpose of company law) on my ¢xaLnination of the
accounts of Thc Poverty and Bnvironment Trust for the yeay ¢nd¢d 31 March 2024 which comprise the
Statement of Financial Activities, the Balance Sheet alld related notes.
This report is made solely to the ¢]wity's trnSte¢s, a8 a body, in accordance with 8ection 145 of the a]arities Act
2011. My work Iw been undertaken so that I might state to th¢ clwity's truste¢s thoge matters I am required to
state to them in this report and for no other purpose. To the fullest extent perniitted by law, I do not accept or
assume responsibility to anyon¢ other than the charity and the chariws trustees as a body. for my work, for this
report, or for the opinions I have fonned.
Responslbllltles and bAsls of Yeport
As the charity's trustees Df the Cornp[￿y (and also its dire¢tors for the purposes of compally law) you are
responsibl¢ for the preparation of thc accounts in accordance wiÉh the requirements of the Companies Act 2006
{'the 2006 Act,).
Having s&tisfi¢d myself that the a¢¢oullts of the Cornpany are not required to be aiidited under Part 16 of the
2006 Act and are eligible for independent examinatio￿ I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out rny
examination I have followed the Dtrections given by the Charity Commission under section 145(5)(b) of the
2011 Act.
Independent examiner's sto¢¢m¢nt
I have completed tny gxamination. I confllTn that no matters have cO￿e to my attention in comiection with the
examination giving me cause to believe".
accounting records were not kept in respect of The Povety Envirolltnent Trust as requittd by section
386 of the 2006 Act. or
2. the a¢¢ounts do not accord with tlLOS¢ reGords' or
3. tbe aocounts do not comply with tbe a￿OUnting requirements of seotion 396 of the 2006 Act other than
y requirement tE￿l the accounts give a 'true and fair view, which is not a matter considered as part of an
illdependent examination. or
4. tbe accounts have not been prepared in ac¢ordan¢¢ with the rnethods and principle5 of the Statement of
Recommended Practice for accounting and reporting by ¢harities [applicabl¢ 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 acTOSS no otber matters in connectlDn with the exatllination to which attention
should be dra￿￿ in this report in order to enable a proper understanding of the accounts to be reached.
Page 5

The Poverty and Environment Trust
Independent Examinerls Report to the trustees of The Poverty and Ei nvironment Trust
('the Company,)
Clive Robert Purdy
Ch&rtered A¢¢Ountt￿ts and Regi
ere
Inslitute of Chartered A￿OUntantS in
Auditors
ngland and Wales ( ICAENI4
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 ORG
30 January 2025
An indepelldent examination does not involve gathering all the ¢videllc¢ Ihat would be Tequired in an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the financial
statements. Tho planning and conduot of an audit gogs beyond the limited assurance that independent
exam]nation can provide. Consequently l ¢xpr¢ss no opinÉon a5 to whether the fin&t]¢ial statements present a
Irue and fair, view and my report is limifrd to those specific matters set out ill the indep¢ndent ¢xamin¢ds
statement.
Page 6

The Poverty and Environment Trust
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account )
Unrestricted
funds
Restricted
funds
Total
2024
Note
Income from:
Donations and legacies
396
177,521
177,917
Total income
396
177,521
177,917
Expenditure on:
Raisillg funds
Charitable activities
(12,190)
(138,02
(12,190)
(138,027)
(150,217)
Total expenditure
15J,21
Net income
396
27,304
27,700
Net movement in fun(L8
396
27,304
27,700
ReeoncillAtiou of funds
Total fijllds brought forward
27
27,489
27,516
Total thnds carried forward
13
423
Unrestricted
fund$
54,793
RestrReted
fullds
55,216
Total
2023
Notc
Income and Endowments from:
Donatious and legacies
7,021
135,563
142.584
Total inco￿¢
135,563
142,584
Expenditure on:
Raising funds
Charitable activities
(7,000)
(7,000)
122,307)
122 307
Total expenditure
7,000)
122,307)
(129,307)
Net income
21
13,256
13,277
Net movement in funds
21
13,256
13,277
ReconcRliAtion of funds
Total ￿llds brought forW￿d
Total funds carried forw&rd
The ￿ndS breakdown for 2023 is shown in note 13,
14,233
14,239
13
27
27.489
27,516
The notes on pages 9 to 15 fonn an intggral part of these financial statements,
Page 7

The Poverty and Environment Trust
(Registration number: 4190401)
Balallce Sheet as at 31 March 2024
2024
2023
Notè
Flxed assets
Tangibl¢ assets
io
424
565
Currellt assets
Debtors
Cgsh at bank and in hand
li
45,839
13,894
841
31,542
59,733
32,383
Credltors: Amounts fAlllllg due wrthin one year
12
4,941
(5,432)
Net current assets
54,792
26,951
Net Assets
55,216
27,516
Fund8 of the chArlly:
Restricted Income funds
Restricted funds
54,793
27,489
UnrestrAc¢ed income funds
Unrestricted funds
423
27
Total funds
13
55,216
For the financial Ye￿ ending 31 Mar¢h 2024 the charity was entitled to exemption froLn audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, respollsibilities..
The mernbers have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476,. and
The dirertors acknowledge thetr r¢sponsibilitigs for cornplying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
The financial statemenls Oll pages 7 to 15 were approved by the ¢rustees, and authorised for issue on 30 January
2025 and signed on their behalf by.,
Andrew J Warren
Chainnan and Trustee
The notes on pages 9 to 15 forn] ￿ integr&l part of these financial stateLnents.
Page 8

The Poverty and Environment Trust
Notes to the Financial Ststements for the Year Ended 31 March 2024
I Charity status
The charity is limited by guarant¢¢, incorporated in Engl8J)d, and consequently does not have share capital. Each
of the trustees is liable to contribute an amount not exGeeding £1 towards the 93sets of tILe charity in the event of
liquidation.
The address of its registered office is:
Devines Bellefield House
104 New London Road
Chelmsford
Essex
CM2 ORG
The principal place of business is..
5-7 Buck Street
LoELdon
NWI 8NJ
These finall¢ial statements were authoris¢d for issue by the trustees on 30 January 2025,
2 Accounting pollcles
Summary ofsignificant accountlng polieles And key accounting estimates
The principal accounting policies applied in the pr¢paration of these fillancial statsments are set out below.
These policies have been Consistently applied to all the years presented, unles5 Otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with A¢countillg alld Reporting by Charities..
Statement of Reconllnended Practice (applicable to churities preparing their aocounts in accordan¢e with the
Financia] Reporting Standard applicable in the UIC and RepubliG of Irelalld (FRS 102)) {is8ued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
asis of preparlltion
The Poverty and Environinent Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially re¢ogni8ed at historical cost or transaction valu¢ unles8 Otbenvi5e stated in the relevant
acGounting policy notes,
Golng coneern
The trustees Consider that there are no material uncertainties about the charity's ability to continue as a going
concern nor any Significant areas of unoertainty that affect the carrying value of a5set5 held by the Charity.
Income and endowments
All income is recognised once tIL¢ charity has entitleinent to the inc4)me, it is probable that the income will be
received and the amount of the income receivabl¢ Gan be measured reliably.
Page 9

The Poverty and Environment Trust
Iyotes to the Financial Statements for the Year Ei nded 31 March 2024
Donfrtions ¢7nd legacles
Done4tions are recognised when the charity has been notifLed In writing of both the atnount and settlement date.
In the event that a donation is subje¢t to conditions that require a level of perforM￿Ce by the charity before the
charity is entitled to the funds, the incom¢ is defeThgd and not re¢ognised until either those conditions are fully
met, or th¢ fulfilment of those conditions is wholly within the control of the charity and it is probable tbat these
conditions will be fulfilled in th¢ reporting period.
Grdftts iecelvuble
Grants are recognised whgn the charity has an entitlement to the funds and any conditions linked to the grant's
have been rnet. Where peTforn]ance conditions are attached to the grant and are yet to be m¢É, the inwme is
recognised as a liability and included on the balance sheet as deferred income to be released,
Expendlture
All expenditure is recognis¢d once there is a legal or Gon5tructive obligation to that expenditure, IÉ is probable
8ettlernent is required and the a￿O￿t can be measured reliably. All costs are allocated to the applicable
expenditure heading th& aggregate SI￿lIar costs to that category. Where costs cannot be directly attributed lo
partlGular he&dings they have been allocuted OD & basis consistent with the use of resources.
RaislNgfun(Lg
These Are costs incurred in attracting voluntary inoon]e, the n]allagement of investlljents and those incurred in
trading a¢tiviti¢s that raise funds.
Charllable activities
Charitable expenditure comprisc5 those costs inLurred by the charity in the delivery of its activities and seThTices
for its beneficiari¢s. It includes botkn costs that can be allocated directly to such activities and those costs of an
indireGt nature necessary to support them.
Governance eosts
These include the costs attributHbl¢ to the Ch￿Ity'S con]pliance with constitutional and statutory requirements,
including aiidit, strategic management and trustees meetings and reimbursed exp¢ns¢s.
Tax¥ttion
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the FinanGe Act 2010 and
therefore it meets the defmltion of a Gharitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exetnpt from taxation in respect of itLrom¢ or capital gains r¢¢¢iv¢d within categories
overed by Chapter 3 Parl I l of the Corporation Tax Act 2010 or S¢¢tion 256 of the Taxatiotl of Charggable
Gains Act 1992, to the extent that suGh income or gains are applied exclusively to charitable purposes.
Tanglble flxed assets
Individual fixed assets are initially recorded at Gost, less any subsequent accumulated depreGi&tion and
subsequent accumulated impairment losses.
Depreci&tlon AmortisatÈon
Deprcciation is provided on tangible fixed assets so as to write off the cost or Valuatio￿ less any estimatsd
r¢sidual value, ov¢r tbcir expected usefijl econoinio life as follows..
Asset ciAss
Fixthres and fittings
Depreciatloll method And rate
25 % reducing balance
Page 10

The Poverty and Environment Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
Trade debtors
Trade debtors are an]ounts due frorn customers for merchandise sold or services perfonned in the ordinary
¢OUTS¢ of business.
Trade debtors are reGognised initially at the transaction price. They are subsequently measured at arllQrtised cost
using the effe¢trve intsrest method, l¢ss provision for impairment. A provision for the impairmellt of trade
debtors is established when there is objective evidence tbat the charity will not be able to collecl all amounts due
according to tbe original termy of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or Se￿l¢e$ that have been acquired in the ordinary coutse of
busine55 from suppliers. Accounts payable are ¢lassified as current liabilitics if the charity does not have an
unconditional right, at the end of the reporting period, to defer settlement of th¢ creditor fDr at least t￿1ve
months after the r¢porting date. If there is an unconditional right to defer settlement for at least ttvelve months
after the reporting dat¢, they arg presented ￿ non-currellt liabilities.
Trade creditors are recoEnised initially at the transaction price and subsequendy measll￿d at amortised cost
Using the effective inter¢st method.
Fund strllcthre
Unrestricted income funds arc general funds that are available for use at the trustses discretioll in furtherance of
the objectives of the clwity.
Restricted income funds are th08e donated for uso in a parti¢ulat area or for specific purposes, the use of which
is restricted to tIMt area or purpose.
3 Income from donations, legacies and grants
Unrestrlcted
funds
General
Restricted
funds
Total
funds
Donations and legacies.
Donations from individuals
Granls, including Gapital grants;
Grants from other cknrities
396
4,998
5,394
k72,523
172,523
Total for 2024
396
177,521
177,917
Total for 2023
7,021
135,563
142,584
Page 11

The Poverty and Ellvironment Trust
Iyotes to the Financial Statements for the Year Ended 31 March 2024
4 Expendlture on r&lslng funds
a) Costs of generating dollatlons and legacles
Total
2024
Totsl
2023
Dlrect costs
Costs of generating donations and legacies
12,190
12,190
7,000
Total
costs
Direct eoBts
Cost8 of generating donations and legacies
12,190
12,190
Tot&1 for 2024
12,190
12,190
TotAI for 2023
7,000
7,000
TotAI
2024
Direct costs
Costs of gen¢rating donatiolls and legacies
12,190
12,190
Total
2023
Direct Costs
Costs of generating donations and legacies
7,000
5 Expendjtllre on eharltsble Aotivitie5
Restricted
funds
Total
2024
Note
Allottaled support ci)st8
Governance ¢osts
135,254
2,773
135,254
2,773
138,027
Restrlcted
fvnds
138,027
Total
2023
Note
Allocated support costs
Governance costs
120,494
1,813
120,494
1,813
122,307
122,307
Page 12

The Poverty and Environment Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
Grant funding
of Hetivlty
2024
2023
Grants paid
Subconlractors
Office exp¢nses
Depreciation
Other Costs
Bank charges
Donations
4,150
114,065
1,050
188
1,024
17
121,068
1,896
141
2,627
22
9,500
121,068
1,896
141
2,627
22
9.500
135,254
135,254
Grant runding
of activlty
120,494
2024
Subcontractors
Office expenses
Depr¢¢iition
Other costs
Bank chaTge9
Donations
121,068
1,896
141
2,627
22
9,500
121,068
1,896
141
2,627
22
9,500
135,254
135,254
6 Analysis of governance and 5UPPOrt costs
Governance eosts
Restricted
funds
Totsl
funds
Independent examiner fees
Examination of the financial statements
Allocated support rosts
2,760
13
2,760
13
Total for 2024
2,773
2,773
Total for 2023
1,813
1,813
7 Trustees remunerAtlon Ind expenses
No trustees, nor any persons com]g¢ted with them, have received any Temuneration from the charity dui'ing the
year.
No trustees have Teceived any reimbursed exp¢nse8 or any other benefits from the oharity during the year.
8 Staff costs
The ch￿'ity has no employees.
Page 13

The Poverty and Ei nyironment Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2024
9 Independent exgmlner's remuneratlon
2024
2023
Examination of tbo financial sl&tements
2,760
1,800
10 Tangible r￿ed Assets
Furnlture alld
equlpment
TotAI
Cost
At l April 2023
1,004
1,004
At 31 March 2024
1,004
1,004
Depreciatioll
At l April 2023
Chatg¢ for the year
439
141
439
141
At 31 Nlarch 2024
580
580
Net book value
At 31 March 2024
424
424
At 31 M&rch 2023
565
565
11 Debtors
2024
2023
Accrued iucome
Other debtors
45,000
839
841
45.839
841
12 Creditors: amounts falling due wltbln olle year
2024
2023
Trade creditors
Accruals
3,632
1,800
4,941
4,941
5,432
Pagg 14

The Poverty and Environment Trust
Notes to the Financial Statements for the Yegdr Ended 31 March 2024
13 Funds
Balance at I
Aprll 2023
Ineomlng
resources
Resources
expended
Balance a¢ 31
March 2024
Unrestricted funds
Gener
27
396
423
Restrieted funds
27,489
177,521
(150,217
54.793
Total funds
177,917
150.217
55,216
BAlance At I
April 2022
Incomlng
resourees
Resources
expended
BalAnce At 31
March 2023
Unrestrleted funds
General
7,021
(7,000)
(122,307
27
Restrlcted thnds
14,233
135,563
27,489
Total funds
14,239
142,584
(129,30
27,516
14 Analysis ofN¢t 4ss¢t$ betweell funds
Unrestrleted
funds
General
Total fullds at
31 MArch
2024
Restricted
funds
Tangible fixed assets
Current a55ets
424
52,317
424
59,733
7,416
Total net assets
7,416
52,741
60,157
Unrestricted
lunds
General
Tot41 fund5 at
31 M#reh
2023
Restrieted
nds
Tangible fix¢d assets
Cwrent assets
Current liabilities
565
25.361
5,432)
565
32,383
5,432)
7,022
Total net assets
7,022
20,494
27,516
Page 15