Charity r¢gistration number 1111097 Company registrgtloll number 5405276 (England And Wales) SHINE EAST NORFOLK ANNUAL REPORTIIND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SHtNE EAST NORFOLK LEGAL AND ADMtNISTRATIVE INFORMATION Trustees Mrs G Budworth Mrs D Nottag¢ Mrs D Kightley Mr P Bussey Mrs W Connell Mrs H Green Mrs D Derbyshire Mrs R Middleton {Appointed 13 November 2023) (Appointed 13 November 2023) Secretary Mr P Bussey Charlty number 1111097 Company number 5405276 Prlnelpal address Alpha Centre Alpha Road GREAT YARMOUTH Norfolk NR31 OLG Reglstered offlce Alpha Centre Alpha Road GREAT YARMOUTH Norfolk NR31 OLG Independent exmmlner Waveney A¢¢ounlants Limited Tlas Newman & Co Chartered A¢¢ounlanls 7 Hungate Beccles Suffolk NR34 9TT
SHNE EAST NORFOLK CONTENTS Page Trustees, report Independent examiner's report Slatement of financial aclivilies Balance sheet Notes to the financial statements 6-14
SHfNE AST NORFOLK TRUSTEES, REPORT INCLUDING DIRECTORS, REPOR FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial slalenienls for the year ended 31 March 2024. The financial 9tatements have been prepared in accordance with ihe accounting policie5 set out in note I to the financial statements and comply with the charity's [goveming document], the Companies Act 2006 and "Accounting and Reportii)g by Charities: Statement of Recommended Practice appli¢abl¢ to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK aiid Republic of Ireland (FRS 102)" (effective l January 2019). Objectlve5 and actlvltlt$ The Charity'5 Objects are specifically restricted io the folloiving: To relieve and promote the welfare of children and young peopl¢ up to tl)e age of 25 iiicludii)g iii particular, those iviih spe¢ial or additional needs arising from mental, physical. behavioural or educatioi)al difficulties and residing in and withii) the Norfolk and Waveney area; by providing care. advice. and short breaks for said children. In order lo achieve ils aims, The Charity provides,. Respite Care. One lo One support. Youth Club. Nursery. and Holiday Play schemes: together with support Services. Following restructuring in September 2021. thes¢ are staffed by a Senior Manager; Finance Officer l Deputy Centr¢ Manager; Nursery Manager. Thrive Practitioner. and Admin Assistant. Piiblic benefil The Iruslees have paid duc regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achlevements and perform*nce Sigiiificapil acliiyilies andachiel'emenls agalllsl objeclives The Centre has conlinued to provide it's usual services; maintained lo a level lo keep within available finances. The Centre continues to be used for the purpose of Short Break5 aclivilics, Day Nursery. and other ielaled aclivilies. Planning permission has been obtained from the local council for Ihe plaiined major building alleralions l addilioiis. The Thrive Approach has been embedded into the ethos of Shine acros5 all aspects of the provision. A detailed report of a¢livilies is published separately. Copies are available on request. Flnanclal revlew Despite the inflationary effecl on costs and pay awards to ensure staff retention, an overall net income of £23,830 was achieved in the year following a deficit the previous year of £45,380, aided by another busy year for both Short Breaks and Nursery Services. The entire team effort from Staff, Volunteers and Trustees, have enabled the Charity to benefit the young people in the community it is here to serve. The result include5 Fund raising inconie of £65,680, which is just over half of the £115,600 raised in the previous year, which will remain diffi¢ult to increase in the current economic Climate. Building works have been undertaken to increase the floor area of the main room and also change high level windows lo give improved lighting, The spending of £79,511 (£59,112 up to the 31 st March and a further £20,400 to date) was all covered fron) the Building Fund for which £80,000 had been designated. The Designated General Contingency Fund remain al £IOO,000 which is held in Short Temi interest bearing dep051ts. Reserves pollcy The Trustee's policy is to maintain 5uffi¢ient funds for the repla¢¢ment of equipment and to finance operations for at least 6 rnonths. To this purpose the General Reserve currently stands at £lOO,000. liivesfnienlpolicy Investment pollcy The Trustees investment policy is short term deposits with low risk and good retums. Rlsk analysls Operational risks are routinely addressed by the nianager and her assistant and each child receives a personal risk assessment as standard procedur¢. All staff are subject to criminal record checks. Risks aSsl81¢d with the building are addressed as part of the building project in conjunction with the architects and builders.
SHINE EAST NORFOLK TRUSTEES, REPORT tNCLUDING DIRECTORS, REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Structure? governance and n)allAgement Shine (East Norfolk) is a Registered Charitable Comp2ny' limited by guarantee. The liability of men)bers is limited to a niaximum of £10 each. Its governing document is ils Memoranduni and Articles of Association; as revised 27th May 2014. Trustees And Dlrectors The trustee5 Ivho served during the year and up to the dale of signature of the financial statenients wcre.. Mrs L Shiner Dr L H Eastwood Mrs G Budworth Mr S R A Marpole Mrs D Nottage Mrs D Kighlley Mrs S Gentle Mr P Bussey Mrs W Connell Mrs H Green Mrs D Derbyshire Mrs R Middleton (Resigned 10 Jun¢ 2024) (Resigned 5 July 2023) (Resigned 5 July 2023) (Resigned 22 January 2024) (Appointed 13 Novembei 2023) (Appointed 13 November 2023) Recri¢ilmen¢ alld appoinlppienl of Irtislees The following served as company directors during the year., Dr L H Eastwood (Resigned 5 July 2023) Mrs G Budworth Mr S Marpole Mr PBussey Mrs W Connell Mrs D Kighiley Mrs L Shiner (Resigned 5 July 2023) (Appointed 20 May 2023) (Appointed 20 May 2023) (Appointed 20 May 2023) (Appointed 20 May 2023 & resigned 10 June 2024) Comniillee membeT5 and Directors are appointed ani)ually at the Annual General Meeting in accordance with the Articles of Association. The Committee has the power to co-opt a Trustee lo fill a vacancy. The Charity operates a fomial Induction program for new Truslees which includes; meetings with ¢urrenl trustees and the senior manager. a ITUStee pack of previous minutes. a¢¢ounts, business plans, code of conduct, eligibility de¢laralion, memorandutn of understanding, organisalion history, sta1ng structure and current activities. IndepelldeDt examiner Waveney Accountants Limited were appointed as independent examiner to Ihe company and a resolution proposing that they be re-appointed will be put at a General Meeting. The trustees, report was approved by the Board of Trnstees. Mrs D Kightle Trustee Mr P Bu5sey Trustee
SHtNE EASTNORFOLK rNDEPENDENT EXAMfNER'S REPORT TO THE TRUSTEES OF SHINE EASTNORFOLK J report to the tnistees on niy examination of the financial statements of Shine (East Norfolk) (the charity) for the year ended 31 March 2024. Responsibililies and basis of report As the Iruslees of Ihe charity (and also its directors for the purposes of company law) you are responsible for the prepaTation of the financial ststements in accordan¢¢ witli the requirement5 of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial stalenients of the charity ar¢ not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinalion of the charity's financial staleiiients carried out under section 145 of the Charilies Act 2011 (tl)e 2011 Act). In carrying out Iny examination I have folloiyed all the applicable Direclions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent ex*mlner's statement Sin¢e the charity's gross income exceeded £250,000 your examiner must b¢ a member of a body listed section 145 of the 2011 Act. l ¢onfinn that l am qualified to undertake Ihe examination because l am a meniber of ICAEW, which is one of the listed bodies. have completed my examination. I confirm that no matters have come to my attention in conne¢lion with the examination giving me cause lo believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial slalenienls do not accord with ihose records. or the financial ststements do not Comply with the accounting requiremenls of section 396 of the 2006 Act other thali any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent eXlInation. or the financial statements have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable to cliarilies preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Waven¢y Ac¢ount4nts Llmlted Tlas Newman & Co Chartered Accountants 7 Hungate Beccles Suffolk NR34 9TT Dated:
SHINE AST NORFOLK STATEMENT OF FINANCIAL ACTIVITIES tNCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restrieled funds 2024 Total Unrestrlcted funds 2023 Res¢rl¢ted funds 2023 Total 2024 2023 Notes In¢om¢ from: Donations and legacies Charitable activities Investments 194,317 270,594 2,298 43,394 237.711 270,594 2,298 204,828 188,811 536 62,669 267,497 188,811 536 To¢91 Income 467,209 43,394 510,603 394,175 62.669 456,844 Expendlture oll: Raising funds Charitable activitics 11,312 413,372 11,312 475,464 10.854 397.504 10,854 491,369 62,092 93,865 To¢AI expendlture 424,684 62,092 486,776 408,358 93,865 502.223 Net In¢omel(expendlture) 42,525 (18,698) 23,827 (14,183) (31,196) (45,379) Transfers between funds 9,620 (9.620) 4,343 (4,343) Net movement In fvnds 52,145 (28,318) 23,827 (9,840) (35,539) (45,379) Reeonclllatlon of funds: Fund balances at l April 2023 264,245 1,006,508 1,270,753 274,085 1,042,047 1,316,132 Fund bAIAnces At 31 MArch 2024 316,390 978,190 1,294,580 264,245 1,006,508 1,270,753 The statement of finan¢ial activitie5 includes all gains and losses recognised in the year. All income and expenditure derivc from continuing activities,
SHtNE EAST NORFOLK BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed assets Intangible assets Tangible assets li 12 375 1,073,813 752 1,044,660 ,074,188 1,045,412 Current assets Debtors Cash at bank and in hand 13 29,675 252,014 24,078 240,168 281,689 264,246 Credltors: amounts falllng due wlthln on¢ year 14 (61,297) (38,905) Net current asset$ 220,392 225,341 Total Assets less eurrenl114bllltles 1,294,580 ,270,753 Net a55ets excludlng penslon Ilablllty 1,294,580 ,270,753 The funds of the charSty Restricted inconie funds Unrestricted fvnds Is 978,190 316,390 1,006,508 264,245 1,294,580 1,270,753 The ¢ompany is entitled to the exemption from the audit requirement contained in section 477 of Ihe Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and ihe preparation of financial slalements. The members have not required the company to obtain an audit of its financial slaternents for the year in question in ac¢ordAnce with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financip¢l statements were approved by the trustees on .......... ... Mr P Bussey Trustee Company registration number 5405276 (England and Wales)
SHINE EAST NORFOLK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng policies Charlty lllformation Shine (East Norfolk) is a private company limited by guarantee incorporated in England and Wales. The registered office isAlpha Centre, Alpha Road. GREAT YARMOUTH, Norfolk, NR31 OLG. 1.1 Atcounllng conventlon The financial slalements l)ave been prepared in accordance with the charity's Igoveming documenti. Ihe Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Stalenient of Recommeiided Practice applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The fin8n¢ial statements are prepared in sterling, which is the fvnclional currency of the charity. Monetary aniounts in these financial statements are rounded io the nearest £. The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below. 1.2 Golng coneern At the time of approving the financial statements, the lrnstees have a reasonable expectation that the ¢harity has adequate resources to continue in operational existence for the foreseeable future. Thus th¢ trustees continue to adopt the going concern basis of accounting in preparing the fin8ncial slalements. 1.3 Charltable (unds Unrestricted funds are available for use at the discretion of Ihe trustees in fijrtherance of their charitable objectives. Designated funds comprise ndS which have been set aside at lh¢ discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial slalemenls. Restricted funds are subject to specific conditions by doiiors or grantors as to how they may be used. The purposes and uses of the restricted fund5 are set out in the notes lo the financial slalemenls. 1.4 Income In¢ome is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donation5 are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perforniance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at thc time of the donation. 1.5 Expendlture Expenditure is re¢ognised once there is a legal or ¢onstructive obligation lo transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of ihe obligation can be me&8ured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct Costs and shared Costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support ¢osts which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
SHINE EAST NORFOLK NOTES TO THE FfNANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accountlllg policles (Contlnued) 1.6 IntAngfible flxed assets other than goodwlll Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at Cost less accumulated amortisalion and accumulated impaimient losses. Intangible assets acquired on busin¢ss combinations are recognised separately from goodwill at the acquisition dal¢ where it is probable that the expected fi]lure economic benefits that are altribulable to the asset will flow to the entity and the fair value of the asset can be measured reliably. the intangible asset arises from contractual or other legal rights. and the intangible asset is separabl¢ from the entity. Aniortisation is recognised so as to write off the cost or valuation of assets les5 their residual values over their useful lives on the following bases: Database and website 250/0 Straight line 1.7 T#nglbl¢ flxed gsstts Tangible fixed assets are ii)ilially measured at C05t and subsequently measured at cosl or valuation, net of depreciation and any impairnient losses. Depreciation is recognised so as to write off Ihe cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings Fixtures and fittings Not depre¢ialed120/0 straight line 15 % & 330/0 Reducing balance120Yo & 25 % Siraight line The gain or loss arising on Ihe disposal of an asset is detemiined as the difference between ihe sale proceeds and the carrying value of the assel, and is recognised in the statement of financial activities, 1.8 Cash 4nd ¢Ash equlvalents Cash and cash equivalents include cash in hand, deposi15 held at call with banks, other short-terni liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities, 1.9 Fln8nelal Instruments The charity has ele¢led lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments, Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual prov15ion5 of the instrument. Financial assets and liabililies are offset, with the net amounts presented in the financial slalemenls, when there is a legally enforceable right to set off the r¢¢ognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Brtslcllnanclal assels Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transa¢tion costs and are subsequently carried at aniortised c051 using the effective interest method unless the arrangement ConstileS a financing transaction. where the transaction is rneasured at the present value of the future receipts discounted at a market rate of intergst. Financial assets classified as receivabl¢ within one year are not amortised.
SHINE EASTNORFOLK NOTES TO THE FtNANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Aecounting polleles (Continued) Bdslcflnuftclttl Ilabllllles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangen)ent constitutes a financing transaction, where the debt ftnstruiiient is measured at the present value of the future payments discounted at a market rate of interest. Financial liabililies classified as payabl¢ within one year are not amortised. Debt instrumenls are subsequenily carried at arnortised cost, using the effective interest rale method. Tradc creditors are obligations lo pay for goods or services that hav¢ been acquired in ihe ordinary ¢ours¢ of operations from suppliers. Amounts payable are classified a5 current liabilities if payment Is due within one year or less. If not. they are presented as non-¢urrenl liabilities. Trade Creditors are recognised inilially at transaction price and subsequenily measured al amortis¢d cost using the effective interest In¢ihod. Derecogiililoii DJflKan¢lol Ilabllllles Financial liabilili¢s are derecogni5ed when the charity's Contrac81 obligations expire or are discharged or ¢ancelled. Voluntxry Income Unre5trlcted funds Restrlcted fi]nd$ Total Unre$¢rl¢ted funds Reslrlcted fund5 Total 2024 2024 2024 2023 2023 2023 Donation5 and gifts Short Break Service Fees 22,278 43,394 65,672 52,927 62,669 115,596 172,039 172,039 151,901 151,901 Income from tharltgble A¢tlvltl¢s Unrestrleted fund$ 2024 Unreslrleted (UDds 2023 Nursery Nursery fees LAC Short break fees Other incomc 266,024 4,560 10 184,901 3,601 309 270,594 188,811 Income from Investments Unrestricted UnrestTl¢ted funds funds 2024 2023 Interest receivable 2,298 536
SHINE EAST NORFOLK NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Raising funds Unrestricted Ullrestricted funds funds 2024 2023 Fundraising expenses and fees 11,312 10.854 11,312 10,854 CharltAble actlvltles Charit8bl¢ CharllAble Expendlture Expendlture 2024 2023 Staff costs Depreciation General running expenses,. Nursery Staff and volunteer expeiises Entertainment, trips and outings Toy replacements and craft materials Centre costs: Utilities C¢nlre costs: Cleaning and toiletries Centr¢ costs: Repairs and Inainlenance Centre costs: Insurance Small equipment purchases 244.224 30,478 5,068 588 1,453 3,089 10.060 21,045 14,054 4,312 4,443 227.512 31,728 9,151 691 2,131 8,150 8,984 20,465 12,777 3,780 32,389 338,814 357,758 Shar¢ of support costs (see note 7) 136,650 133,611 475,464 491,369 Analysls by fund Unrestricted funds RestTlCted funds 413,372 62,092 397,504 93,865 475.464 491,369
SHtNE EAST NORFOLK NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Support costs (ineluding governance eosts) 2024 2023 Slaff cos15 Depreciation Recruitment Professional fees Telephone, internet and postage Printing, stationery and photocopying Computer software etc. General expenses and uniforni Equipment hire Subscriptions and other fees 116,879 877 25 340 2,517 3,776 6,497 3,519 989 1.231 111,883 1,038 25 3,150 2,502 3,515 5,872 2,766 1,723 ,137 136.650 133,611 Analysed bettveen Charitable a¢livities 136,650 133,611 2024 2023 Includes governance costs of: Independent examiners fees Company secretarial fees Trustee and meetings expenses or5t¢d fee Other government support costs 1,500 1,500 1,400 50 220 500 est. 50 220 500 est. 2,270 3,670 Net movement In funds 2024 2023 The net movement in funds is stated after chargingl(crediting): Depreciation of owned tangible fixed assets Amortisalion of intangible assets 30,478 877 31,728 1,038 Employe¢8 Th¢ average monthly number of employees during the year w8S: 2024 Number 2023 Number 36 35 There were no employees whos¢ annual remuneration was more than £60,000. No Trustee received any remuneration or expenses during the year. 10-
SHfNE EAST NORFOLK NOTES TO THE FINANCIAL STATEMENTS CONTtNUED FOR THE YEAR ENDED 31 MARCH 2024 10 Taxation The charity is exempt from tax on income and gains falling wiihin section 505 of the Taxe5 Act 1988 or section 252 of the Taxation of Chargeabl¢ Gains Act 1992 to the extent that these are applied lo ils Charitable objects. li Intangible fixed assets DatgbA5e and 'ebsite Cost At l April 2023 Additions- separately acquired 4,153 500 At 31 March 2024 4,653 AmortlsAtlon and Impalrment At l April 2023 Aniortisalion charged for the year 3,401 877 Al 31 March 2024 4,278 Carrylng Amount At 31 March 2024 375 Al 31 March 2023 752 IZ Trnglble Ilxed assets Lgnd and Flxlures 4nd bulldlngi ffltrfngb Total Cost Al l April 2023 Additions 1,257,500 59,112 83,762 519 1,341,262 59,631 Al 31 March 2024 1,316,612 84,281 1,400,893 Depreelatlon and impalrment Al l April 2023 Depreciation charged in the year 237,034 25,150 59,568 5,328 296,602 30,478 Al 31 March 2024 262,184 64,896 327,080 Carrylng amount At 31 March 2024 1,054,428 19.385 1,073,813 At 31 March 2023 1,020,466 24.194 1.044,660 11
SHtNE EAST NORFOLK NOTES TO THE FtNANCIAL STATEMENTS CONTtNUED FOR THE YEAR ENDED 31 MARCH 2024 13 Debtors 2024 2023 Amounts falling due wlthln one year: Grants and fees receivable Prepaymenls and accnjed inconie 25,349 4,326 21,479 2,599 29.675 24,078 14 Creditors: Amounts falllng due within one year 2024 2023 Other t&Yation and social security Trad¢ creditors other creditors Accruals and deferred income 5.509 4.690 851 50.247 5,091 9,967 811 23,036 61,297 38,905 15 Restrlcted Thnd5 The restricted ndS of the charity Comprise the unexpended balances of donalions and grants held on trust subject to specific conditions by donors as to how they may be used. Movement In funds Jneomlng R¢sour¢es resoureti eipendtd Balgllee al l Aprll 2023 Trgnyferi BAlinee gt 31 MArth 2024 Building Fund A Restricted DAF Fund Thrive Practioner Fund Transport Fund Outside Areas Fund Short Break5 Subsidiary Fund Nursery Subsidiary Fund IPad5 Fund Youth Club Activiliesloutings Fund Short Breaks Activities Fund Corben's Fund Equipment Fund 972.848 9,472 14,231 1,895 4,144 1,660 206 (25,087) (1,155) (25,239) (417) (520) (1,828) (206) (70) 947,761 16,560 8,037 1,478 3,817 15,752 20,000 (7,509) (955) 193 168 2,OQO (1,330) 600 1,307 745 (1.252) (800) (950) (4,505) (55) 55 (192) 1,142 4,500 ,006.508 43,394 (62,029) (9,620) 978,190 12-
SHINE EAST NORFOLK NOTES TO THE FfNANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 16 Unrestricted funds The uThresÉricled funds of the charity comprise the unexpended balance5 of donations and grants which are not subject to specific ¢ondilioi)s by donor5 ai)d grantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specifi¢ purposes. At l April 2023 Ineomlng re50urce5 Re50urce5 expended Trgnsfers At 31 Mareh 2024 GBR Fund Unrestricted Building Fund B Unrestricted General funds loo.000 80,000 84,245 loo,000 20,888 195,502 (59,112) (365,572) 467,209 9,620 264,245 467,209 (424,684) 9,620 316,390 Prevlous year: At l Aprll 2022 Incomlng re$our¢es R¢sourees ¢xpended Transfers At 31 Mar¢h 2023 GBR Fund Unrestricted Building Fund B Unreslricled General funds loo,000 80,000 94,085 100,000 80,000 84,245 394,175 {408,358) 4,343 274,085 394,175 {408,358) 4,343 264,245 17 Analysls or net Assets between funds Unrestrlcted funds 2024 Re5trlcted funds 2024 Total 2024 At 31 M*rch 2024: Intangible fixed assets Tangible assets Current assets/(liabilities) 375 126,115 189,900 375 1,073,813 220,392 947,698 30,492 316,390 978,190 1,294,580 Unrestrlcted fullds 2023 Restrlcted runds 2023 TotAI 2023 Al 31 March 2023: Intangible fixed assets Tangible assets Current assetsl(liabilities) 752 71,812 191,681 752 1,044,660 225,341 972,848 33,660 264,245 1,006,508 1,270,753 13-
SHINE EAST NORFOLK NOTES TO THE FINANCIAL STATEMENTS CONTtNUED FOR THE YEAR ENDED 31 MARCH 2024 18 Summary of funds General Fund - Unrestricted Balance of operaling surpluses carried fonvard. GBR Fund- Unrestricted Contingency reserve set asAd¢ lo caTry the Charity for 6 months if fundinW income ceases. Building Fund B- Unrestricted Funds allocated for the neiv buildings extensions and alieralions. Building Fund A- Restricted Funds raised for the original building project. annual property depreciation charged against it. Sensory Equipment Fund Funds provided specifically for financing sensory equipment. DAF Fund Funds provided specifically for Disability Access Funding. Thrive Practitioner Fund Funds provided specifically for funding the Thrive practitioner service. Outside Are&q Fund Funds provided specifically for funding outside areas alterations and improvements. Transport Fund Funds provided for transport costs allowing families lo access Shine if no oiher transport arrangements are possible. Short Breaks Subsidiary Fund Funds extra Short Break sessions for families with a short-term extra need. Nursery Subsidiary Fund Funds extra Nursery sessions for families with a short-lerni extra necd. IPads Fund Funds specifically for purchase of IPads. Youth Club Activities Fund Funds spe¢ifi¢ally for Youth Club aclivites and outings. Short Breaks Activities Fund Funds specifically for Short Break aclivites and outings. Equipment Fund Funds specifically for the purchase of equipment. Nursery Room Fund Funds provided for the purchase of specified Nursery Room equipment. Corben's Fund Funds raised to purchase Christmas prcsenls for service users. 14-