Charity registration numb8r 1097945 Company registration number 04609187 {Englgnd and Wales) KNOWSLEY ENTERPRISE ACADEMY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
KNOWSLEY ENTERPRISE ACADEMY LEGALAND ADMINISTRATIVE INFORMATION Board of Tjwslees S R Dumbell S R Davie5 D Dumbell B J Giffoyle A Hassan J Hignett J F Maddox J M Reynolds Secretary J Higrhett Chief executtve offieèr S R Dumbell Charity number 1097945 Comparry nurnber 04609187 Principal address North Mersey Businoss Centre Wocxlward Rad Knowsley Industrial Park LNerpo Merseyside L33 7UY Registered office North Mersey Business Centre Woothyard Road Knowsley Industrial Park Liverpo( Merseyside L33 7UY Independent examiner Lonsdale & Marsh 19- 510 Cotton Exdjange Btxteth Street LNe L3 9LQ
KNOWSLEY ENTERPRISE ACADEMY CONTENTS Pag• Trusteos rert Indepèndént èxaminerfs rerbDrt Stslement offfinanual athrtses Balan sheel Notès to the financial statements 7-14
KNOWSLEY ENTERPRISE ACADEMY TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trus'.ees. who are also directors of thè charity for ihe puSeS of the CompanBs Act 2006, present their report with thè financial statemarrts of the charity for th& year end&1 31 March 2024. The Iwstees have adopted the provisions of Accounting and Raporhng by CharKbès." Sl8tèm8nt tsf Recommthnded Practice applicable to charilies preparing their accounts in a¢¢ordanee th¢ Finan(xal Rewting Slandards applicable in the UK and Republic ol Ireland IFRS 1 C)21 (effective 1 January 2019). Objectives and actlviti&s The Board of Trustees have paid due regard lo guIdare issued by the Charity Commission in d&ciding what actTriities the Char1 ShJId undertake. A¢hievements and perfomiance Th8 financial turnover for the acwunting period {exdUd1 grdrrts and donations} incrèased on last y&ar due to incrèased acbvitiès af Ormside Educatit)n Centrè. OmFsidè Education C8nbB The nèw building is now fulty opèrdional and has hostèd ovw 500 34ay 2-nMJht reSidttial trips ty children from Knowsley. Promotional material and markebng indu¢Jes the additi¢)nal aecommodation and has resuYLed in an increaso in enquiries. Wg continue our (zmpaign in highlighting the fact that parents ale being offed our residential package at around a third of Ihe cost ol aIleMatp provision. We f mily believe that our offer at least matches and in rtlany cases exceeds th of alietrtative providers. We wll expand our extemal provlders in order lo be in a position to offer a diverse range of acbvttses to th08e schools th. attend. We are Iwking to arrange regular meetings with ihe hvo headleacher forums for Knowsiey, Mth tr.e aim of pressing the fact that Otmside can save families and schools a signifjcant amount of rMey whh is essential Oung the cost-of4iving rSiS. NEET TV Naet TV relaled activibes have begun and will be integrated into Omiside Education Centre and the idea is lo offer 8 Mu"_facet@d approach to r8sidents"aLs. Inib"al materr81 uealed may well be used in futurelpromotional maleri8181 advertising. Financial review Investment policy andobjedives Under the Memoraydum ar.d Artides of A5sooation: Ihe charity has the power lo make any investment which the tsustee5 see fit. The ttustees will be taknng ad to put funds into high interest accL)un;s with FSCS pvtection through spreading the deposits with drfferent banks. all wth easy a$s. R&serv&s policy The policy rs lo ensure that the trnst have enough reserves lo meet its commitments to mget slaffing along wth the ongoing expense of operab.ng Omiside Educabon Centre sn addition to all other project costs which may be incurred over the next couple of years.
KNOWSLPI ENTERPRISE ACADEMY TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structurep governance and management Goveming document The charity is controlled by its govemiThJ document. a deed of Injsl. and corLstilutes a limited company, limited by guarantee, as defined by the CompaniesAd 2006. P8thgrships KDT has agreed to establish a partnership and support dèvèlopmgnt of Phas8 8 Davèlopmant Company's timber frame manufacturing faalrty, vAth the aim of Iraining and effltknying youngsters from Ihg Borougkn who are either NEET (Not in Education, Employment and Training) or who have a leaming disabilty in th8 constwction of timbgl frame buildings. Knowsley Developrnent Trust establish1 l(nowsley EnterISe Academy, whose Tnain objecbve is to use kntswledge and encourage progwsion by KnoWe$ young people regar¢Jless of their educxtion or 8(x)fK>miC Status to bo£kst enterprise opportuntties through a range of practical approaches and have consistentty covÈnantÈd substantial nds lo enable the charity to develop work around this theme. abng wth financing the new build.:ng at Ormside. Knowsley Enterprise AradeEny C(xth"rLue to develop proi8ds and pr(Jrammès with th8 intèntion fuSIng efforts towards the NEET agenda. Knowsley has one of the highest levels of young people who are "Not in Edu¢alion. Employrnent and Trainin¢. This will lake on a ngw forma of engaging young peopte in the ecTrtimber trame building proc&ss&s in partnership with Phase 8 Devdopment Company. other activth'es indude the rdaunch of Neet Tvs film making pryjgrdmme and KrK)wsley Arts FeslNal as well as devdopmenl a programme in partnership with Phase 8 Development Company Limited aimed at NEET young people to enhance their work experience and provbje jobs within the bmber-frame construction industy. The Board of Ttustee5, who are s0 the diteciors for the purpoge of cornpany law. and who served during the year and up to the date of signature of the finanaal stat8ments W&- S R Dumbell S R Davies D Dumbell B J Gilloyle D B HavNood A Hassan J Hignett J F Maddox J M Reynolds (Resigned 10 July 2023) ReGruilment and apwiniTnent of tee$ Trustees are recrurfced through recomrnendab.on from olher truslees and aTe inib"81ty lntaNièd to identrfy their suitability based on their skills, prior experienee and how Ihese can b8 Utilit18s by the chsrty. Should a vacancy arise, the trustees idenb'¢xl key skill area5 that 1he iarity woul(1 b8n8fft from. Thi8 then forms the basis of a recruitment drive to ensure that the right sknlls are ava.,lable to the Board. 0ry8nisational structu All directors of the company arc are also bwstees of the charity. and Ihere are no other trustees. All of tho trusleos served throughout the year. The board has the power to appoint add'Onal trustees as rt considers fft to do so.
KNOWSLEY ENTERPRISE ACADEMY TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Reference and Administrative Dotails Regist8d Gompany number 04609187 (England and Wales) Registered Chafr*y number 1097945 Regi8t&red offic& North Mersey Business Centre Woodward Road Knowsley Industrial Park Lwerpwl Mgrseyside L33 7UY The Trustees port was approved by the Board ofBoard OtTnth. S R Dumbell 19 July 2024
KNOWSLEY ENTERPRISE ACADEMY INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF KNOWSLEY ENTERPRISE ACADEMY I rèport to tha Board of Tmstees on my examination of the ffinanc4al ststements of Knowsley Enterprise Acadgmy (the Charttyl for the year gnded 31 Mard12024. Responsibilities and basis of reF)Ort As the Board of Tnjstees of thè Chaitty {and also dirèctors for the purposes of company lawl you are responsible for the preparation of the financaal ststements in accordance with the reqLairorrJents of the Companies A¢t 2006 Ilhe 2006Act}. Having satisfied myself that the financial stalements of Ihe Charity are not wuired to be audited under Part 16 of the 2006 Act and are eligible lor irKlependenl examirth"on. I report in i&%peci of my examination of the Charivs linancial statements carried out undcr scclK)n 145 of the Charthcs Ad 2011 {the 2011 Act)- In Carrying i)ut my examination I have followed all the applicable Directions given by the Charity CoTnrnission under section 145(5llb) of the 2011 Act. Independent examiner's statèmènt I have completed my examination. I confirm tha.. no metters have come to my attention In Con1¢t$rn with the exarnination giving me cause to believe that in any material respecL accounting rèc(ds wère not kept in r8SP8Ct of the Charity as requi by secon 386 ofthe ACL or the linaycial Statements do nol accord wrfh those records: or the f nancial statements do not compty with the actountsng requiremerts of seclion 396 of kne 2006 Aci other than any requirement that the acjnts give a true and fair view whith is not a matter considered 05 P8rt of an Independant examinakn'on., or the finaneial statements have not been prepad in accordance with the methods and principles of the statemenl of Recommended Practi(% for accounting 8nd reporb.ng by charities 8pplicablo to charities preparkng their accounts in ac£ordanr* vrith the Fin8nci81 Reporting StarKlard applic2ble in the UK and Republic of Ireland IFRS 1021. I have no conm$ and have come across no other matters in connecb.on wrth th& examination to which attention should be drav4n in this report in ordw to able a proper understarlg ol the finan(x818latgments to be reached. Nichola5 James O'Donovan Foi and on bèhalf of Lonsdalè & Marsh Chartered Accountants 19 July 2024 509- 510 Cotton Fjchange Bixtelh Str88t Lwerpool L3 9LQ
KNOWSLEY ENTERPRISE ACADEMY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrictod Restrided lunds lund5 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Noles Income from- Donati$ and1$ga¢ies CharitstAe actNities Investments 302.787 9.645 2.355 302,787 177,240 29.772 419 177.240 29.772 419 2.355 Totsl in¢orno 314,787 314.787 207.431 207,431 Expenditure on: Charitable actNities 76,381 76.381 90,098 90,098 Total expenditure 76,381 76,381 90,098 90,098 Net income 238,406 238,4 117,333 117,333 Transfers beeen funds 75,IXJO 175,000) Nèt mov•mÈnt In fund$ 313,406 175,000) 238,406 117.333 117,333 Reeonelllatlon of funds: Fund balances at 1 April 2023 621.114 75,000 696.114 503,781 75,000 578,781 Fund balances at 31 March 2024 934,520 934.520 621,114 75,000 696,114 The stalement ol finan.cial actNrties indudes all gains and losses recognised in the year. All inc4)me and expenditure d8Twe from continuing aclNities.
KNOWSLEY ENTERPRISE ACADEMY BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notes Fixed assets Tangle assets 11 325,070 330,413 Current assets Debtors Cash al bank and in hand 12 261,940 355,104 10.387 361,054 617.044 371,441 Creditors: amounts falllng duè wlthln one year 13 17.&J4} 15.7401 Net current assets 609.450 365,701 Total ass•ts less curTent liabilities 934.520 696,114 Not assets ex¢ludin9 penslon Ilabllity 934.520 8,114 Tho funds of the Charity Restricted income fvnds Unrestiicted fvnds 15 75.000 621,114 934,520 934.520 96,114 The [npanY is enliled to the exempb'on from the audrt requiretnont contsined in section 477 of the CompaniesA¢t 2006, for knE yèar ended 31 March 2024. The direclDrs acknedge their reskTh)nsibTlities for ¢>)mptying with the requirements of the Gompanies Act 2006 wlth respect to accounting CordS and the preparation offinancial statefflents. The members have not required the ccpanY lo cttain an audit of its finan81 st8t8rnènts f the year in question in accordance with seGtion 476. These financial statements have been prepaied in aco)rdanr£ with the prOv10nS applicable to npanIeS subject lo the small cornpanies regimè. The financial statements were approved by thè Board of TrJstees on 19 July 2024 S R Dumbell Company registration number l)4609187 (England and Wales)
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aeeounting pollci•s Charity informatlon Knowsley Enterprise Academy is a private cDmwdny limited by guarantee incorporated in Ethgland and Wales. Thè r&gistarad office is Noth Mersey Business Centre. Woodward Road. Knowsley Industrial Park, Lpierpool, Merseyside, L33 7UY. 1.1 Accounting convention The finanaal slalements have been prepared in 8(tordan¢e wth the Charitls t90veming doojmenll, the Companies Act 2Q06, FRS 102 The Finanlual Reporb"ng Standard applicable in tho UK and Republic of Ire10nd° I'FRS 10T) and the Charib'es SORP "Acuunting and Reporting by Charities.. Statoment of Recommended Practico applicaNe to chatities pteparing their accounts in accordan with the Financial Reporting Stand8rd appliTrble in the UK and Repubtic of Iland IFRS 1021. {effective 1 January 2019)- The Charity is a Public Benefft Entsty 8s defined by FRS 102. The Charrty ha5 taken advantage of the provisions in the SORP for tharitie5 not trj prepare a Stat8m6nt of Cash Fl¢)ws. The finanaal statements are ppared in sterling. whith 15 the func*onal currency of the Charity. Monetsry amounts in these financial siatemènts are r¢yJnded to the nearest £. The financial staiements have been prepared under the histori1 Ix)st convention, Imodtfied to include the rèvalu£tion of freehold properties and to Include investment properties and rtain finanaal instruments at fair valu&l. The principal accounting Oicies adopted are set ¢>Jt bdow. 1.2 Going eoneèm At tt)e time of approving the fiThancial slalements. the Board of Trustees have a reasonablè èxpectation thal the Charity has adequate resour to continue in operatiorral existence for the foreseeablé future. Thus the Board of Trustees conb.nue to adopt the gtiing (x)ncem basis of accounting in preparing the financial statemenis. 1.3 CharStable funds Unrestrided funds are available for use at the disixetion of the Board of Trustees in furtherance of their charitsble obieetives. Restricted funds are subject lo spe(xfrc condrtK)n$ by donors or grant0 ès tts how they may be used. The purposes and uses of the lricted fvnds are set out in the tkotes to the financial ststetnents. Endowment funds are subjèct to specffic conditions by donors that Ihe capital must be rnainlaiTM4 by the Charity. 1.4 Incoma In¢ome is reeognised when the Chamty is legalty entjtled to rt after any performanc8 conditiorks have b88n met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other dogath)ns are recognised once the Chanty has b8èn notified of the donation. unless performance conditions require deferral of the arrKJunt. Income tax recoverable in relal'.on lo donations receNed under GtftAid or deeds covenant is recognised at the time of the donation. Legaoes are rwgnised on receipl or otherwise if Ihe Charity has been notified of an impending distribution, the amount i8 thown. and receipt is expected. Ir the amunt is not known. th& lagacy is treated as a contingent 2sset
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS (COlfflNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢ies {Contlnued} 1.5 Expondlture Expenditure Is recognisèd once thèrè is a I31 or construthe oNwJation to transfer ewnomic benefit to e third paty, it is probable that a transfer of èconomie b8nafits will bè wuired in settlernenL and the amount of the obligation can be measured reliably. Expenditure is dassffied by actiwty. The costs of each acvity are made up of the totd of dir8Ct cost8 and sh8r8d c051s, including SUPPOrt costs invofved in undertaking each aclNity. D1ct costs altributable lo a singl activity are allocated diredy to that acbvity. Shared cosls which contribute to more Ihan one activity and support costs which a",e not athbutablo to 8 singlc acbwty ar¢ apw>rtM)ned between those activities on a basis COll5iStent with the use of resour$. Central stsff costs are allwated on the basis of b.me sptt, and eP[eclION charges are alltea the POFton of the assefs use. 1.6 Tangible fix8d assets Tangible fD(èd assets are inibally m&asured at oist and subsequenuy measured at cost or valuation, net of depreciation 8nd any imp01mrtt losses. Depreuation is retnised so as to writè off thè L¥)St orvaluation of assets less thr residual values over their useful ]e$ on the following bases.. F&hOld land and buildirhgs Fixtures and fittings Computers MolLTrr vehicles 4Yo on cnst 25/0 on cost 250h on (*)st 25% on c¥)st The gain or loss arising on tho disposal of an asset is detemiined as the drfference l)etween the sale proceed8 and the carrying value of the at. and is re(XNJniwJ in the slatomentofffinancial a¢ttvities. 1.7 Impoirnient of red assèts At each rewrting end date. the Charity reviews tho carywng amounts of tts tangible assets tr) deterynine whether there is any indication that those assets have suffered an impairment loss. If any such indie#tic>n exists, the recoverab amoLEnl ol the asset is estimated in order to detemiine the exlenl ol the impairmènt loss Irf any). 1.8 Cash and $h equivalents Cash and cxsh equiwdlents indude cash in hand. deposits held al call with banks. other short-lerm liquid Invèstments with original maturities of Ihw mor)ths or less, and bank ov¢rdraf.s. Bank overdrafts are shown within borrowiws in currenl liablithes. 1.9 FSnanelal Instrumants The Chaiity has elecled to appty the provi8ions of Sethon 11 'Basi¢ Finan¢ug1 Ingtruments, and Sectlon 12 'Other Financial Instruments Issues, of FRS 102 to all of iisfinanual instruments. Financial instrumgnts are Te¢<¥Jnised in Ihe ChaTiVs balan sheet when the Charity become5 party ID the contractual pmisions of the instrument Financial assets and liabilities are offset. wlh the ne: amounts presented in the financial statemènts, when therg 15 a legally enforable nght 40 set off Ihe recognised amour,ts and there is an intention to setue a nel basis CTrT to realise thè asset and sètde tha liability simultaneoJsly.
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polieie5 Icontinued) Basic financial assets Basic finanoal assets, which indude debtS and cash and bank balances. are inthally rr18asured at tran5aBlion price induding transaction costs and are subsequently cgnied at amortIs cost using the effective interest method unless the arrangernent (x)nstiiutes 8 finanng transaction, Whe the transaction is rneasured at the present value o'i the fulure receipts disc(xJnted at a markèt rat8 of interest. Financial assets classified as receivable within one year are not amorbsed. Basic financial liabilities Basic financial liabilities, inLIng credrtors arKI bank h)ans are initÉalty recognised at transaction pri unless the arrangement consb"lute5 a financing tran5acbon. wheie the debt instrument is measured at Ihe present value of the future payments discounted at 8 rnarket fdiè of intèrèst. Financial liabilitses dassified as payable within one year are not amrtised. Dèbt instrumants ar8 subsequently c2rried at entred cosl. using the effective i)erest rate method. Trade ¢rtrditors are obli9alions to pay for goods or semces Ihat have acquired in the ordinary course of operations frorn suppliers. Amounts payable are dass'.f18d as current liabiltiies rf paytnent is due within one year or less. If not, they a presented as non-ujrrent liabilities. Trade creditoys are recogniscd I"allY at trarksaction pri and subsgquenuy rnea5ured al amort":5ed cost using the effective interest method. Derecognltlon of financialliabllitles Finan¢i31 liabilities are dereo)gni5ed when the Charivs ntraCtUal oNig¥tions expire or are discharged or cancellèd. 1.10 Taxation The Ghariiy is 8x8mpt fr(xn cortxKation lax on rts tharitab18 8Lvtbes. 1.11 Employee benefits Thè ctsd ol any unused holiday entitlement is recognised in the peiiod in which the employee's services are re¢%ivad. Termination benefits are recognised immediately as an expense vh)en the Chartty is dernonstiab commtitad to terminate the employmenl of an employee or lo [VIde lemiination benefrts. 1.12 Retiremant benefits Payments to defined contribulion retirement benefrt sthemes are charged as an expense as they fall du8. Critical accounting estimates and judgements In the application of the Charis accounting pdiaes. the Board ofTrustees are required to makejudgemenls, estimates ar.d assumplions about the carw4g arr.ount ol assets and liabilities that are not readily apparent from other sources. The Èstimates and associated assunptions are based on histoitral experience and other factors trat are considered to be relevant. Acthal resutts may drfyer from these esb"mates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accaunb.ng estimatos arè recognised in the perFod in which the eslimate is revised where the revision affccts onty thst perk, or in the period of the revision and future periods where Ihe revision affects birth currenl and future perd3.
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income frorn donations and kgacie5 Unrestri¢ted funds 2024 Unrestricted funds 2023 Do)nations and gTrts 302.787 177,240 Income from charitable activrfies Unrestrictsd funds 2024 Unrestrictod funds 2023 Other income 9,645 29,TT2 Income from investments Unrnstrlettd Unréstrlctod funds funds 2024 2023 Interest receivable 2,355 419 Expendlturè on charitabla actrvities 2024 2023 Dlrect costs Staff costs Depreciation and impaimienl Charitable expenditure 38.493 13,935 23,953 42,532 1.574 45,992 76,381 90.098 Anatysis by fund Unr8strict8d funds 76,381 90,098 Nèt movam•nt in funds 2024 2023 The nel movernent in funds is stated after charg1(Cred[ng)'. Depreoation of owned langiblefixed assets 13.935 1,574 10-
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Board OfTtee$ None of the Board of TteeS lor any persons cxJnneL48d with thern) r8(Eived aTry remunwation or benefits from the Charity during the year. Employees The average moithty number of empknyw during the yèar was: 2024 Numbgr 2023 Number Employment costs 2024 2023 Wages and salaries Other penon costs 37.556 937 41.587 945 38,493 42,532 Thèrè wèrè no employ8es svhose annual Temunerdtion was MO than £60,000. Romunoration of key management personnel 10 Taxatlon The charity is exempt from tsxab'on C its acliwknes be(3use all tt5 inGome aPled for charitable purposes. 11 Tangible red assets Freehold land Fthre5 and bJildingS Computers Mèttsr vehiclBs Total Cost Al 1 April 2023 Addrtiorh5 293.792 27,943 34,122 46.292 8.592 402,149 8.592 At 31 March 2024 293.792 27,943 34,122 54,884 410,741 Depreclallon and Impalnnent At 1 April 2023 DeprecAation charged in the year 6,003 1,501 27,943 34,122 3.668 12.434 71,736 13,935 At 31 March 2024 27.943 34.122 16,102 85,671 Carrying amount At 31 March 2024 286.288 38,782 325,070 Al 31 MaTch 2023 287,789 42,624 330,413
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Debtors 2024 2023 Arnounts falling dua within one year. Trade debtors other debtors Prepayments and accrued income 799 210,813 50.328 89 10.033 265 261,940 10,387 13 Creditors: amount5 falling due wtthin one year 2024 2023 Trade creditor5 Ac¢ruals and deferred inrA)me 3,634 3.960 1.960 3,780 7,594 5,740 14 Retirement benefrt schernes 2024 2023 Defined wntribution schemes Charge to profft or loss Én respect of defined contribution sthemes 937 945 The Charity operates a defjned ¢ontributi(>n penyon s¢hen* for all qualtfying employees. The assets of Ihe scheme are held separatgly from those of the Ch81ity in an independenlty administered fur.d. 15 Re$tricted fvnds The restricted funds of the charity comprise the unexpended b81ances of donations and grants ld on trust subjeci to specific conditiop.s by donors as to how they may be used. At 1 April 2023 Transfers At 31 March 2024 75.OlX) 175.000} Prèvious year. At 1 April 2022 Transfers At 31 March 2023 75,000 75,tM)O 12-
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Unrèstrlcted funds The unre8tricted fvnds of the cb.arity compTTse Ihe unexperHJed balances of donations and grants which are not subject to specrfic conditioris by donors and gpantors as to how they may used. These include designat funds vthich hav8 sèt asmk out of unrestricted knnijs by thè tnJste•s for specffic purposes. At 1 Aprsl 2023 Incoming ¥esources Resources expended Transfers At 31 March 2024 General funds 621.114 314,787 (76,381) 75,000 934,520 Provlous year. At 1 April 2022 Incornlng resources Resources expet)ded Transters At 31 Mareh 2023 General funds 503.781 207,431 {),098} 621,114 17 Analys1$ ol net a$set$ betweèn funds Unr•stricted funds 2024 Restricted funds 2024 Total 2024 At 31 Pllarch 2024: TangiNe assets Current asselsllliabilrbe51 325.070 609,450 325,070 609,450 934,520 934,520 Unreslrlcted funds 2023 Restricted funts 2023 Totsl 2023 At 31 March 2023- Tangible assets Current assetsIllHbileSI 330,413 290,701 330,413 75,(X)O 621.114 75,000 696,114 -13-
KNOWSLEY ENTERPRISE ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2024 18 Relatèd party transactions Transactlons With rèlated partres During 1110 yearthe Charity 01)l@red into the followiTrJ Iransactions related parbes-. Donatrc*ns rèceived 2024 2023 Transport costs 2024 Suprèm& Exwtive Cars Lrn)ited Knowsley Developmenl Tni.81 Ltd Your Trav¢l Borough Wide Ltd 2023 1(K).000 202,787 154.443 18,770 3.744 5,632 302,787 172,613 3,744 £152,233 coJ)struction and repair costs}. 5,632 During the year there werp rx) transactiffis with related paty Phase 8 Development Company Ltd (202& The followiig amounts wer$ outslanding al the reporting end da.. Amounts owed by relatèd Amount5 Owed by related parties 2024 parties B4lance 2Q23 Balanc• Net Suprem6 Extscutive Cars limlled Net 195,084 195.084 195.084 195.084 14-