REGISTERED COMPANY NUMBER: 4754607 (England and Walesl REGISTERED CHARITY NUMBER.. 1100266 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BROCKWORTH LINK Brockworth inL BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL519TX
BROCKWORTH LINK CONTENTS OFTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 Page Reference and Adminislralive Detai15 Report of th• Trustees Independent Examlner's Reporl StalÈmÉnt of Financial Activities StatemÈnl of Financial Position hloles lo thÈ Financial Statement$ 10 Ic> 17
BROCKWORTH LINK REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Ms N J Walsh Chair Mr M P Nadin Vice-chair Iresigned 16.11.231 Mrs V Rock Mr M S Couzens Mr A Casey Mrs H R Prosser Mis5 M Conslanlinescu Mr A GoDde lappoinled 8.6.231 Mr J F Honèy (appointed B.6.231 COMPANY SEcRARy MrMPNadi REGISTERED OFFICE Brockworih Library Moorlield Road Brockworlh Gloucester Gloucestershire GL3 4EX REGISTERED COMPAhfY NUM8ER 04754607 (England and Wales} REGISTERED CHARITY NUMBER IID0266 INDEPENDENT EXAMINER BK Plus Limiled 6 Manor Park Business Centre Mackenzie Way Chellenham GIDu¢eslershire GL519TX Page 1
BROCKWORTH LINK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees who are also directors ol the charity for the purpases ol the Companies Act 20D6, present their report with Ihe financial slalements ot the charity lor the year ended 31 March 2024. The Iruslees have adopted the provisions ol AccDUnting and Reporting by Charities.. Slalemenl of Recornmended Practice applicable to charities preparing théir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 lefleclive l January 20191. OBJECTIVES AND ACT(VITIES Objectives and aims The objectives lor which Brockwarth Link is èstablished were updated in the thange lo the Articles of Association that was passed Dn March 2024. The charily is eslablished lo signilicanlly contribute lo the social and economic development ol Brockworlh by providing a communily-based library and èducation cenlre. advice and suppprl services for disadvantaged members ol the community and a p0511ive meeting place and support centre for the young people. Its 06jectives are.. The relief of persons resident in the area ol benefit in need, hardship and distress including the elderly and the disabled by providing or assisting in the provision of.. Advice and information regarding their legal enlillemenls particularly (but not exclusively) slate benefits, housing consumer mallers and debt and Facilities services lo relieve persons suffering from substance addiction together with the familie5 of such persons The advancpmenl ol education amongst person5 resident within the area ol benefit The advancement of such other Charitable purposes In the Interests of social welfare as are beneficial tD the community within the area ol benefit. The benefit area is primarily the civil parish of Brockworlh, Ihe wider ccunly of Gloucestershire and surrounding areas. Public benelit In planning Brockworlh Link's activitiès for th8 year, the trustees kept in mind thè Charity Commission's guidance on public benefit. The locus ol the charity's activities during the year, which explain5 the delivery by the charity of public bènèfit, is sel oul below under 'Achièvement and perlormante, and above under 'Objeclives and acliviliès,. ACHIEVEMENT AND PERFORMANCE Charil3ble acllvllles During this period of 2023-2024, library hours have continued as previously recorded and we have tonlinued lo play an important role in the community ol Brockworlh. Activities have continued lo grow especially in education and youth. There is usually a keen response to courses offered and customers are encouraged lo oller suggestions lor improvements. Wè endeavoured lo maintain our pos11ion of forward-looking progress, and where possible, moved into areas of improvemenl, This has gathered momentum throughout the year and we have been able lo move forward on several projects. The youth provision is particularly impDrlanl and su¢¢esslul and we continue lo grow in this area. We have maintainèd our linancial stability, as well as enhancing thÈ procuremènt ol several grants which have enabled us lo lullil several projects. Our 4 core staff - Monica Conslanlinescu, our General Manager, Anne Fuller, our Library Manager, Maria Mclnlosh, our Assistant Library Manager and Charlolle Mills, our Youlh Manager are responsible lor the day lo day administration and running of the charity. Page 2
BROCKWORTH LINK REPORTOFTAETRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- continued Charilable aclivliies - Conllnued There are a numbèr of highlights worth menlionlng.. The Italian class has ¢onlinued lo be successful and we have now reintroduced the French class as well as Spanish class. Our baby bounce and rhyme group continue5 to run wllh high numbers and it is a popular Wednesday activity for young moihersl grandparents/ carers and their little ones Our youth provision has gone from slrènglh lo strength. after extending into Coopers Edge. Allendance has grown in Brockwtsrth and we have a150 Started a weekly youth club session in Churchdown. Working in partnership with the local parish CDuncII and church, we ran a very successful Christmas Fayre which brought the whole comn)unity together for second lime in 3 years. We have received funding from Brockworlh Parish Council, Tewkesbury Borough Council, Gloucestershire County Council and more. With the finar)cial support from The Big Lollery, we continued lo use our CRM (Customer Relationship Managemenll system which gives us visual feedback on allendance and 5alisfaclion of both 8rockworlh Community Library and Brockworlh Link as a whole. This has been a learning experience for Brockworlh Link. FINANCIAL REVIEW Financial review Brockworih Link recorded a deficit lor the year of £42,220. The Iruslees are comfortablè with the performanc£ for the year, as WÈ have laced increasingly high costs due lo ulililies, ¢onlraclors and conforming with compliance requirements. Investment policy and obleclives The Iruslees continue to monitor that bank deposits provide a reasonable return for the charity. Reserves pollcy The Management Committee has examined the charills requirements for reserves. in light al the main risk5 to the organi5alion. 11 has established a policy whereby the unreslricled funds not commilled or invested in tangible fixed assets held by th2 charity should be 6 monlFis ol the expenditure. Budgeted revenue expenditure for 2024-2025 is in the order of £80,000. We estimate that we wlll recelve grants, lees and charges and other sources of Income lo meet this. The present level ol unrestricted reserves available lo Ihe charity is £50,577. The Management Commilleg will continu8 to keèp the budget under review IhroughDuI the year. FUTURE PLANS Bro¢kworlh Link Iruslees continued lo work from the agreed 5-year busin&ss plan which was updaled pre-CQVID. We arè ¢onsl3nlly working lo make that plan a reality. In August Z022, the business plan commillee mel lo update and simplify the business plan, making il a more user friendly document. Brockworlh Link Iruslè8s ar8 working closely louelher lo compile a more refreshed business plan and are continually updating and amending se¢lipns of the existing one. They meet regularly and hope ID have a complete working document by the end of 202&. Significant housing developmenl in Brockworlh will bring both challenges and opportunities in the coming years. Securing long-lerm reveriue fL*nding remain5 a priority. As ever, we lace the future with CDnfidence and ambition. Page 3
BROCKWORTH LINK REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MAhlAGEMENT Governing dtscumenl The charity is consliluled a5 a company Ilmiled by guarantee and therefore has no share capital. In the event ol the company being wound up and the liabililieg and winding up èxpenses being in excess ol assets. the liability ol each member is limited lo £1. The charills governing documenl is it5 Memorandum and Articles of Association dated 19 May 2003 and updated March 2024. Recruilmonl and appolnlment of new tru51•es Delai15 01 officers and advisers are given on paye l of Ihis report. The power lo appoint new Iruslees is vested in existing Iruslees, Changes in Iruslees Mr A Goode and Mr J F Honey were appointed a5 tru51ees in June 2023. Mr M Nadin resigned as trusl@È in November 2023. Organlsalional 5truclure In accordance with the Articles ol Association, Brockworlh Link is directed by an Executive Committee comprising a Chair, Vice Chair. Treasurer, Secretary, and such olher Honorary Officers as the charity shall decide. The Executive Committee meets monthly. Risk management The trustees actively review the majar risks which the charity laces on a regular basis and carry out reviews Df the conlrDls over key financial system5. The Iruslees have also considered other financial. operational and business risks faced by the charity, especially the raising of relevant funding and the mainlet)ance of adequate reserves, and conflrm that systems have been established lo miligale, as lar as possible, any significant risks. STATEMENT OFTRUSTEES, RESPONSIBILITIES The Iruslees (who are also the directors of Brockworlh Link lor the purposes ol company law) are responsible for preparing the Report ol the Trustees and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the truslegs to prÉpare finantial statemen15 lor each Ilnancial year which give a true and lair view of the slate ol allairs ol the charitable company and ol the incoming resources and applicaliDn of re50urc6s, including the incomè and expenditur8, ol Ihe charitable company for that period. In preparing those financial slalemenls, the Iruslees are required lo sele¢l suitable accounting policies and then apply them consislenlly., observe thè methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent., prepare the linancial slalemenls on the going concern basis unless it is inappropriate to presume thal the charitable company will CDnlinue in busines5. The Irus12es are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of Ihe charitable company and lo enable them lo ensurè that the financial slalemenls CDmply with the Companies Atl 2006. They are also responsible for safeguarding the assets ol the charitable company and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularilios. Page 4
BROCKWORTH LINK REPORT OFTHE TRUSTEES FOR THE YEAR EAIDED 31 MARCH 2024 This report has been prepared in accordance with the spècial provisions ol Parl 15 of the Companies Act 2006 relating lo small companies. Approved by order ol the board of Iruslee5 on 16 September 2024 and signed on its behalf by.. M(Oc14 Ms N J Walsh - Trustee Page 5
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF BROCKWORTH LINK Indepèndènl Èxaminevs report lo the Iruslees of Brockworlh Link fihe Compan I report Ig the charity Iruslee5 on my examination ol the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of rpporl A5 the chariltys trustees ol the Company also ils directors for the purposes ol CDmpany lawl you are responsible lor the preparation ol the ac¢Dun15 in accordance with the requirements of the Companies Atl 20061'lhe 2006 Acl'l. Having satisfied myself that the accounls ol the Company are not required to bo audited under Parl 16 of the 2006 Act and are eligible lor independent examination, I rèport in respect ol my examination of your charity's aceounls as carried oul under Section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying Dut my examination I have followed the Directions given by the Charity CDmmission tsnder Section 145151 Ibl of the 2011 Act. Indèpendent examlnerfs slalemenl I have completed my examination. I confirm that no matters have come lo my allenlion in conneclion with the examination giving me cause lo believe.. accounling records were not kept in respect of the Company as required by Settion 386 of the 2006 Act: or the aCCDun15 do not accord with those records., or thè accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement thal the accounls give a true and fair view which is not a maller considered a5 part ol an independent examination., or the accounts have not been prepared In atcordance with the melhuds and principles ol the Slatement ol Recommended Practice for accounting and reporting by charities {applicable lo charities preparing their ac¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic t)1 Ireland IFRS 102)). I have no concerns and have come across no Other mallers in tonneelion with the examination to which allenlion should be drawn in this reporl in order lo enable a proper understanding of the accounts lo be reached. Roger Downes FCA BK Plus Limited 6 Manor Park Business Centrè Mackenzie Way Chellenham Gloucestershire GL519fA 16 September 2024 Page 6
BROCKWORTH LINK STATEMEhlT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total fLFnds 31.3.23 Total funds Unreslricled Reslrlcled funds lund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,196 2,037 Charitable acllvilies Charitable 27.424 87,293 114,717 94.750 Other Irading activities Investment income 15,194 1,486 16.68D 9,768 113 Total 43.814 88,779 132,593 106,668 EXPENDITURE ON Raising funds 2,909 1,637 4,546 5,761 Charitable acllvilies Charitable 4,726 125.541 170,267 140,182 Tolal 47,635 127,178 174,813 145,943 NEf INCOMEIIEXPENDITUREI Transfers between funds (3,821) 6.762 {38,3991 16,7621 142.2201 139,275} 17 Npl movement in lunds 2,941 145,1611 142,220) (29.2751 RECONCILIATION OF FUNDS Total funds brought forward 47,636 228,978 276,614 315,889 TOTAL FUNDS CARRIED FORWARD 50,577 183,817 234,394 276,614 The noles form parl of these financial slalemeMtS Page 7
BROCKWORTH LINK STATEMENIT OF FINANCIAL POSITION 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unreslricled Reslricled funds funds Notes FIXED ASSErs Tangible assets 13 10,434 149,295 159,729 190,028 CURRENT ASSETS Debiprs Cash al bank and in hand IA ,536 38,891 7,360 27,162 11,896 66,053 7.119 82,227 43,427 34,522 77,949 89,346 CREDITORS Amounts falling due within one year 15 13,28fj1 13,2841 12,7601 NET CURRENT ASSETS 40.143 34,522 74,&65 86,586 TOTAL ASSEfs LESS CURRENT LIABILITIES 50,577 183,817 234,394 276,614 NEf ASSErs 50,577 183,817 234,394 276,614 FUNDS Unrestricted funds Reslricled funds 17 50,577 183.817 47.636 228,978 TOTAL FUNDS 234,394 276,614 The charitable company is entitled lo exemption from audit under SectlDn 477 01 the Companies Act 2006 lor the year ended 31 March 2024. The members have not required the company to obtain an audit ol ils financial statements for the year ended 31 March 2024 in accordance wilh Seclion 476 01 the Campanies Act 2006. The Iruslees acknowledge their responsibilities lor lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companie5 Act 2006 and preparing financial slalemenls which give a true and fair view of the slate of allairs of the charitable company as al the end of each 1Snancial year and ol ils surplus or delicil lor each financlal year in accordance with th& requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial statements, 50 lar a5 applicable lo the charitable CDmpany. Ibl The notes lorm parl of these flnanclal slalemenls Page 8 continued...
BROCKWORTH LINK STATEMENT OF FINANCIAL POSITION - conlinuÉd 31 MARCH 2024 These financial slalemenls have been prepared in accordance with the provisions applicable lo charitable companies sublecl lo the small companies regime. The flnanclal slalemenls were approved by the Board of TrLÉStees and aulhorised lor Isslte on 16 September 2024 and were signed on its behalf by. Ms N J Walsh - Trustèé The notes form parl of these financial slalemenls Page 9
BROCKWORTH LINK NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of prepar5ng the flnanclal slalemehts The financial slalemenls ol the charitable company, which is a public beneflt enlily under FRS 102, have been prèpared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities prÈparing their accounts in accordance with the Financial Reporting Standard applicable in th& UK and Republic ol Ireland (FRS 1021 lellective 1 January 20191,. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland, and the Companies Act 2006. The financial slalemenls have been prepared under the hislorical c051 convention. Golng concern The tharily relies on oxlernal funding ID meet ils day-lo-day cash rèquirements and lo fund ils charitable aclivilies. Whilst levels ol available funding have been decreasing in recent years, Ihe Iruslee5 are confident that their eflDrls 10 secure new Funding sources are being rewarded, with several new income streams in place lor the next couple of years The Iruslees have con51dered the cash flow needs of Ihe charity for a period of more than twelvè months from the dale of approval of these financial slalemenls and conclude that, despilp Ihp uncerlainlies that exist, particularly with rpgard lo the ellecls ol the current coronavirus pandemi¢, tho Charity should be able lo generate sufficient lunding going forward in order lo enable il to providè planned services lor the for&seeable lulure. Consequently the Iruslees consider il appropriate lo prepare Ihe5e Ilnancial slalements on the basis that the charity is a going concern. Incamè All income is recognised in the Statement ol Financial Activities tsnce the charity has enlillemenl lo the funds, il is probable that Ihe income will be received and the amount can be measured reliably. Grant income is recogni5ed on receipt unles5 there is a lulure obligation lo deliver services against that income, in which case il is recognised when those services are delivered. All other Income is recognised on receipt. Expenditure Liabilities are recognised 4$ expenditur2 as 500n as there is a legal or conslruclive obliyalio commilling the charity lo that expènditurè, il is probable that a transfer of econpmic benefits will be rèquired in 5elllemenl and the amount DI the obligation can be measured reliably. Expenditure is ac¢ounled for on an accruals basis and has been classilietl under headings that aggregate all Cost related lo the category. Where costs cannot be (lireclly allributed lo parllcular headings they have been allocated lo acllvilies on a basis consistent wilh the use of resources. TangiblÈ fixed a$sels Depreciation 15 provided at the following annual ratès in order lo write olf each asset over ils estimated usèful life. Improvements to propèrly Computer equipment IO/• on cosl 25Y4 on cost Taxation Thè tharily is exempl from corporation tax on ils charitable aclivilies.11 is not, howèvèr, èxémpl from VAT, and irrecoverable VAT is included in thè cosl of those items lo which il relates. Fund a¢counling Unreslrieled funds can be used in accordance with the charitable objecllves at the discretion ol the Iru51ees. Reslriclécl funds tan only be used for particular reslricled purposp5 wthin the objects DI the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes. Page 10 conlinu&d...
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS- ¢onlinued FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - conllnued FLEnd accounling Further explanalian of Ihe nature and purpose ol each fund is included in the note5 to Ihe financial statements. Pension costs and other posl-reliremenl benefits The charllable company operates a dellned conlribullon penslon scheme. Conlrlbutlons payaL71e lo the charitable company's pension scheme are charged lo the Statement of Financial Aclivilie5 in Ihe period lo which they relate. OTHER TRAtJlNG ACTIVITIES 31.3.24 31.3.23 Course lees Other income 4,077 12.603 2,705 7,063 16,680 9,768 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 113 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Aclivily Charitable Grants 114,717 94,750 Gran15 received, iricluded in the above, are a5 lollLJWS.' 31.3.24 31.3.23 Brockworlh Parish Council Big Lottery Fund Glouceslershire County Cpun¢il Awards For All GL3 CDmmunily Hub Gloucestershire Community Foundation Tewkesbury Borough Council Skipton Buildlng Society Hucclecole Parish Council Rotary Trust Co-op Local Community Fund Forest Voluntary Action FDrum Spor15 England Barnwood Trust National Benevolent Charity 43,825 27,fj2& 14,573 10,000 8,105 5,000 3.540 750 500 500 500 32,377 6,885 15,000 18,808 300 500 6,760 5,120 4,500 4,500 114,717 94,750 Page 11 continued...
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMEWS- conllnued FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNns Other trading a¢llvltles 31.3.24 31.3.23 Purchases 14,Sa6 5,761 CHARITABLE ACTIVITIES COSTS Dlretl Costs (see note 71 Support costs (see note 81 Totals Charllable 168.826 1,441 170,267 DIRECT COSTS OF CHARITABLE ACMVITIES 31.3.24 31.3.23 Staff costs Rent, ratès and utililies Insurance Telephone Stationery. postage & supplies Sundries Conlracled services Maintenance & repairs Bank charges Equipment purchase & hire IT & website Youth activities Licence5 and SLJbscriplions Depreciation 94,904 7,387 1,312 3,042 786 1,257 7,247 7,812 18 605 248 11,352 2,557 30,299 75,402 5,819 1,410 2,395 379 2,481 9,675 1.319 210 564 322 6,554 30,301 168,826 136,831 SUPPORT COSTS Governance costs Charitable 1,441 Page 12 conlinijed...
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS- continuÉd FOR THE YEAR ENDED 31 MARCH 2024 NEf INCOMEIIEXPENDITURE There are no exceplional items lo repDrl. 10. TRUSTEES. REMUNERATION AND BENEFITS During the year one of the Iruslees received remuneration 01 £31,92012023'. £31,459}. Trustees. expènses There were no Iruslges, expenses paid lor the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employee5 during the year was as follows-. 31.3.24 10 31.3.23 Adminislralion staff No employees received emoluments in excess DI £60,000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled Re51ricled funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and lègacies 2.001 36 2,037 Charilable activities Charilablo 94,750 91,750 Other trading activities Inveslmenl income 8,997 113 771 9,768 113 Tolal 95,557 106,668 EXPENDITURE ON Raising funds 5,761 5,761 Charitable acllvllles Chari13ble 16,752 123.430 140,182 Total 22,513 123,430 145,943 NET INCOMEIIEXPENDITURE) 111,4021 127,873} 139.2751 RECONCILIATION OF FUNDS Total fund5 brought forward 59,038 256,851 315,889 Paye 13 continued.
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS- conllnu•d FOR THEYEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- conllnued Unrèstricted funds Rèstricted funds Total funds TOTAL FUNDS CARRIED FORWARD 147,636 228,978 276,614 13. TANGIBLE FIXED ASS5 Improvements lo properly Computer equipment Totals COST Al l April 2023 and 31 March 2024 256.116 47,438 303.554 DEPRECIATION Ai 1 April 2023 Charge for year 75,274 25,611 38,252 4,688 113,526 30,299 Ai 31 March 2024 100.885 A2,940 143,825 NEf BOOK VALUE Al 31 March 20214 155,231 &,498 159,729 Al 31 March 2023 180,842 9,186 190,028 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Income due Prepayments 11.578 318 6,762 357 11,896 7,119 15. CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Tradè creditors Social security and olher taxes Other creditors Accrued expenses 310 992 308 1,150 1,683 396 1,205 3,284 2,760 Page 14 ¢onlixued...
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS- continuèd FOR THEYEAR ENDED 31 MARCH 2024 16. SECURED DEBT5 Tewkesbury Borough Council has a legal charye over the leasehold properly that the charity occupies for ils aclivilies. 17. MOVEMENT IN FUNDS Nel movement in funds Transfers between funds Al 31.3.24 At 1.4,23 Unrestricted funds General fund 47,636 13,8211 6,762 50,577 Reslrlcled funds Youth Services Capital Equipment Library Services IT Classes 11,762 194,492 21,fj74 1,250 16,7621 5.000 170,207 7,360 1,250 12A,2851 114,1141 228,978 138,3991 16,762} 183,817 TOTAL FUNDS 276,614 142,2201 234.394 Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unreslri¢ted fund5 General fund 43.814 1&7,6351 13,8211 Restricted funds Youth Services Capital Equipment Library Services 62,615 162,6151 124,2851 140,2781 (24,285) 114,1141 26,164 88,779 1127.1781 138.399) TOTAL FUNDS 132,593 (174,8131 (42,220) Page 15 continued...
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS- conlinu?d FOR THE YEAR ENDED 31 MARCH 2024 ly. MOVEIIENT IN FUNDS - conlinuEd Comparalive$ for mDvempnl In funds Nel movement in funds Al 31.3.23 Al 1.4.22 Unreslricted funds General fund 59,038 111,4021 47,636 Restrlcled funds Youth Services Capital Equipment Library Services IT Cla55e5 6,864 209,776 38,961 1,250 4.898 115,2841 117,1871 11.762 194,492 21,474 1,250 256,851 127,873) 228,978 TOTAL FUNDS 315,889 139,275) 276,614 Comparalivp net movement in funds, inclLtded in the above are as follows.. Incoming resource5 Resources expended Movement in lunds Unreslricled fvnds General fund 122,5131 111,402) Reslricled funds Youth Services Capital Equipment Library Services 41,333 9,000 45,224 136,4351 124,2841 162,7111 4.898 115.2841 117,4871 95,557 1123,4301 127,8731 TOTAL FUNDS 106,668 (145,943) (39,2751 Dètails of Restritled Funds Youth Services Funding lor staff costs and expenses lor Brockworlh Youth Club (known as B-Epic and rLbn under the Lsmbrella ol Brockworlh Link), ijlher youth attivilie5 and ollsile events. Capital Equipmenl - Funding lor library improvemenls and IT equipment. Asse15 purchased with this funding are either capilallsed as fixed assels and the subsequent depreciation charged agalnsl Ihls fund or charged direct against the fund where the expenditure is not capilalised. Llbrary Servlces Funding lor operational costs lo provide local community library servicps, including an IT suite lor publir use, and for extended library opening hours. IT Cla55e5 - Funding lor basic IT classes for the local commuriily. Page 16 continued...
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- conllnued Translèrs bÈtwÈen funds Translers are madè bÈtwèèn reslricled and unreslricled funds al the end ol every accounting period in cases where=_ il Ihg activity of the reslricled fund has come to an end and there is an unspent balance Ihal is not repayable lo the lunder{sl, when the surplus is transferred to LFnrestricled funds., and ii) the reslricled fund is in delicil and has &ilher come lo an end or there is no prospect ol a surplus in a later periad, when the delicil is eliminated by transler from unreslricled funds. 18. CONTINGENT LIABILinES Varlous funders relaln the right lo claw back grants should the use DI the funds nDt be in accordance with the term5 of the grant. In the opinion of the trustèes no such liability e¥isls at the year-end. 19. RELATED PARTY DISCLOSURES There were no related party transactions lor the year ended 31 March 2024. Page 17