Charlty reglstration number 1113312 Company registratlon number 05087027 (England and Wales MAKEBELIEVE ARTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MAKEBELIEVE ARTS LEGALAND ADMINISTRATIVE INFORMATION Patrons Mr M Rosen Trustees G S Ingham D Thacker Ksscott K M Hadfield B D Mendoza S Veale Secretary Mr B Moody Charlty number 1113312 Company number 05087027 Reglstered offlce The Cartoon House la Bradford Road Corsham Wiltshire SN13 OQR Ind8pendent oxamlner ART Accountants Llmlted Ground Floor 11 Manvers Street Bath BA1 1JQ
MAKEBELIEVE ARTS CONTENTS Page Trustees, report Independent examiner's report Statement of financial activltles Balance sheet Notes to the financl81 statements 7-14
MAKEBELIEVE ARTS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out In note 1 to the financial statements and comply with the company's Igoverning documentl, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 2019). ObJe¢tlves and actlvltles The company's objects are to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the arts of drama and storytelling. The trustees have paid due regard to guidance issued by the Charity Commission in declding what activities the company should undertake. Hellcopter Storles: This year Ihere has been a lot of inleresl in our work from Local Authorities across England, who bought a variety of Onlin8 Learning packages from MakeBelieve Arts, some of which will run into 2*25. Thls Includes training in Helicopter Stories and regular llIght sessions to demonstrate the approach, with Isla Hill checking in at regular intervals lo help with their progress. Each Local Authority has a cohort of schools and settings in which Helicopter Stories has become an integral part. Helicopter Stories at Home is a new programme that schools and setting8 can use wilh their parents and carers. This is being used successfully by two Local Authorities. H81i¢opter Stories on Demand is 8 fully comprehensive, step-by-step guide to the Helicopter Storie5 approach Consisting of 25 films in which Trisha Lee talks about her work, alongside footage of children engaged in the approach. The package includes one year of on demand access and is suitable for teachers, Early Yea Practitioners and childminders. It was bought extensively by three Local Authorities and has sold well to independent schools and settings. We estimate that 866 practitioners have been trained or are being trained In Helicopter Stories in 2023-24. Resourc88: Prlncesses, Dragons and Helicopter Stories by Trisha Lee, published by Routledge In August 2015, and The Woman Who Cooked Everything, published in house, have sold consistently throughout Ihe year and were also bought in bulk by Local Authorities who are using the online packages. 'Growth of a Storyteller, by Trisha Lee, la follow up to 'Princesses, Dragons and Helicopter Storles,) was published in July 2022, 'Dramatic Mathematics, by Trisha Lee and Isla Hill was published in November 2022 and three picture books {It's Not Fair I Can't Remember, and It's Only Pretend) based on Helicopter Stories and exploring common situations Ihat arise for children and teachers taking part in Helicopter Stories was published in October 2022. Trlsha Lee will be wrlting a revised version of 'Princessgs, DTrgons and Helicopter Stories, in 2024-2025. Curloslty Conference: With funding from the Ironmongers Foundation, we were once again able to run a Curiosity conferen at the Ironmongers Hall in March 2024. This year the theme was based on World War 2. Four of our Creative Associates visited each school, once by Zoom and l¢e in person. During their visits they helped pupils to write and rehearse their stories, working with one year group from either Year 3 to Year 5. Pupils were split into groups to make up a story about an artefact they were given related to World War 2. All five schools travelled to London in March 2024 to perform their stories at the Ironmongers Hal. The children involved in the Curiosity Conference come from some of the most deprived backgrounds in the UK. Thanks to this funding they had their ideas listened to and were able lo share Iheir stories via the performar£e. For many of these ehildren, this w8S their first visit to London and also there first trip outside of their locd area. We engaged 139 children in the project. This will be our last Curiosity Conference. The Ironmongers will continue to fund our work in our two local schools and to train six of their schools in Helicopter Stories.
MAKEBELIEVE ARTS TRUSTEES, REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Paul Hamlyn More and Better: The project ended in December 2023 after three years of funding, supporting MakeBelieve Arts to expand our reach. We worked with two Local Authorities, Croydon and North Somerset, to establish Helicopter Stories in Iheir areas alongside setting up local hubs in Kent and Wiltshire. We were able lo visit 15 schools and settings in both areas to build on the first and second years and implement the strands with regular visits and reports from the new cohort monthly via Zoom. In 2024-25 Paul Hamlyn have agreed to fund MakeBelieve Arts for our work with SEND. The Poetry Basket, The Story 8askat and The Chrlstmas Basket: The Poetry Basket continues to sell worldwide. The Poetry Basket 2, which is theme based rather then seasonal, and is purchased by yearly subscription (rather than a one-time fee), has been selling steadily and has 8 high renewal rate with few people cancelling. The Story Basketwhich Is also available for purchase on a subscription basls contains audio only stories, verslons of each story to act out, and craft Ideas and thoughts for discussion. This is also seeing subscriptions being renewed steadily. The collectlon of baskets (including the annual release of The Chrlstmas Basket) are deslgned to be listened to throughout the academic year. They include a host of activities and are suitable for chlldren aged 3 to 7. All the baskets are prodUd in house to a very high standard. Achlevements and performance Onllne and Geographlcal Spread: MakeBelieve Arts continued to dellver programmes across the UK, connecting with many areas of the United Kingdom via online and On Demand training. The Poetry Basket alone has sold across every county in the UK plus 33 other countries. We are still very much focused on continuing our strong lies with counties in the Southeast and Southwest of the UK, with a particular emphasis on Wiltshire and Kent. Our online offers mean that we are also able lo engage and sell more globally. We have strong Local Authority hubs In fourteen areas of the UK. The Helicopter Stories on Demand is now belng used in 15 countries. Flnanclal revlew As des¢ribed in the Report of the Trustees, some areas of actlvlty have developed and other8 changed significantly in the year. The surplus for the year amounted to £18,760 {2023 - £34,188). At the yéar end, total unrestricted reserves amounted to £221,13212023 - £202,372). It is the pollcy of the company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Iru5tees conslder that reserves al this level will ensure that, in the event of a significant drop in funding, Ihey will be able to continue the company's currenl activities while con5ideralion15 given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have considered the risks to which the charlty is exposed and believe that these will be mitlgated by.. A body of trustees wilh the necessary experience and competence to supervise all the aspects of the Trusts works., and An effective system of internal control to ensure the ¢orrect operational procedures are observed and all items and key issues are raised in the quarterly trustees meetings.
MAKEBELIEVE ARTS TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management The company is a company limited by guarantee and was set up by a Memorandum of Association on 17 March 2004, as amended by a special resolution dated 4 January 2006. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. G S Ingham D Thacker K S Scoti K M Hadfield B D Mendoza S Veale None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 In the event of 8 winding up. MakeBelieve Arts Is a theatre and education company ihat works creatively with chlldren, young people and their families, in schools and other educational and community settings. We operate from a base in Corsham. Wiltshire, where we have a small office. MakeBelieve Arts has a core staff of three. The admln hub Is based out of an office in Wiltshire and our Education Director works from her base In Kent. Throughout the course of 2023-2024 we have continued developing our relationships within Wiltshlre, Kent and the surrounding counties. Trisha Lee leads the company as Artistic Director, Isla Hill 18 the Education Director based in Lamberhurst, Kent and Bill Moody is the Adminlstrator working from our office in Corsham, Willshire. The trustees meet quarterly to review and direct the operation of the charity. The trustees have considered the Charity Commission's general guidance on public benefit in relation to the objectives of the charity. This report sets out those objectives and describes how they have been met in the current year. The trustees, report was approved by the Board of Trustees. S Ingham Truslee
MAKEBELIEVE ARTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAKEBELIEVE ARTS I report on the financial statements of the company for the year ended 31 March 2024, which are set out on pages 5 to 14. Re8pectlve responslbllltles of trustees and oxamlner The company's trustees, who are also the directors of MakeBelieve Arts for the purposes of company law, are responsible for the preparalion of the financial statements. The trustees consider that an audit Is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity Is not subject to audit under company law and is eligible for Independent examination, it is my responsibility to.. examine the financial statements under section 145 of the 2011 Act., {11) to follow the procedures laid down In the general Directions given by the Charity Commission under Section 145(5}(b} of the 2011 Act., and (lil) to state whether particular matters have come to my attantion. Basls of Independènt examln8r'8 report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statemen15 presented with those records. 11 also Includes consideration of any unusual items or disdosures in the financial statements, and seeking explanations from you as trustees concemlng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whelher the financial statements present a 'true and fair view, and the report is limited to those matters set out in the next statement. Indepèndent examlner's statement In connection with my examination, no matter has come to my attention.. (a) which gives me reasonable cause to believe that in any material respect the requirements: (l) to keep accounting records in accordance with section 386 of the Companies Act 2006. and {11) to prepare financlal statements which accord with the accounting records, comply with the accountlng requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities., have not been met or (b) to which, in my opinion, attenlion should be drawn in order to enable a proper understanding of tt financial statem8nls to be reached. Mr P J Barton FCCA ART Accountants Limlted Chartered Certlfled Accountants Ground Floor 11 Manvers Street Bath BA11JQ
MAKEBELIEVE ARTS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted funds 2024 Unrestrlcted funds 2023 Notes Income from: Charitable activities Investments 241,863 1,822 222,555 1,435 Total Income 243,685 223,990 Expendlture on: Charitable activities 224,925 189,802 Total expendlture 224,925 189,802 Net Income and movement In fund8 18,760 34,188 Reconclllatlon of funds: Fund balances at 1 April 2023 202,372 168,184 Fund balances at 31 March 2024 221,132 202,372 The statement of financial aclivities Includes all galns and losses recognised in the year. All income and expenditure derive from continuing activities.
MAKEBELIEVE ARTS BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 10 3,239 2,919 Current assets Debtors Cash at bank and In hand 11 69.811 218,668 23,694 301,056 288,477 Credltors: amounts falllng due wlthln one year 324,750 12 {70,584) (125,297) Not current assets 217,893 199,453 Total as88ts less current Ilabllltle8 221,132 202,372 The funds of the company Unrestricted funds 221,132 202,372 221,132 202,372 The company is entitled lo the exemption from the audit requirement contalned in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complylng with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have nol required the company to obtain an audit of its financial statements for the year in question in accordance with section 476, These financial statements have been prepared in arxordance with the provisions applicable to companies subject to the small companies regime. The financlal statemenls were approved by the trustees on S Ingham Trustee D Thacker Trustee Company registration number 05087027 (England and Wales)
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos Charlty Informatlon MakeBelieve Arts is a private company limited by guarantee incorporated in England and Wales. The registered office is The Cartoon House, la Bradford Road, Corsham, Wltshire, SN13 OQR. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the company's governing document, the 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.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The company is a Publlc Benefit Entity as d8fined by FRS 102. The company has taken advantage of the provlsions in the SORP for charltles not to prepare a Statement of Cash Flows. The financial stalemenls are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the lime of approving the financial statements, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the golng concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in Ihe notes to the financial statements. Endowment funds are subject to specific conditlons by donors that th8 capital must ba maintain•d by tha company. 1.4 Income Income is recognised when the company is legally entitled to il after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipi or othemlse if the company has been notified of an impending distribution, the amount is known, and receipt is expeded. If the amount is not known, the legacy is treated as a contingent asset.
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies {Contlnued) Donated professional services and donated facilities are recognised as Income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economi c benefit from the use by the charity of the item is probable and that eGonomic benefil can be measured reliably. In accordance with the Charities SORP (FRS 102), any general volunteer time is not recognised and will be referred to in the trustees, annual report to recognised their contribution. On receipt, donated professlonal services and donated facililies are recognised on the basis of the value of Ihe gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. Income received in advanc8 of a theatrical performance or provision of other specified services is deferred until the criteria for income recognition are met. 1.5 Exp8ndlture All exp8nditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Vvhere costs cannot be directly attributed to partular activities they have been allocated to general expenditure. Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fijndraising purposes. Charitable expenditure comprises those costs incurred by the charity in the dellvery of Its acllvitles and services for beneficiaries. It includes both Gosts that can be allocated directly to such activitles and those costs of an indirect nature necessary to support them. Governance costs are those incurred in connection with administratlon of the charity and compliance with constitutional and statutory requirements. 1.6 Tanglble flxed assets Tangibl8 fixed assets are inltlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any Impalrment losses. Depreciation is recognised so as to write off the ¢ost or valuation of assels less their residual values over their useful lives on the following bases: Fixtures and fittings Computers 250/0 Slraight line 250h Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the stalement of financial activities. 1.7 Impalrment of flxed assets At each reporting end date, the company reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset Is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {Contlnuèd) 1.9 Flnanclal Instruments The company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to 811 of its financial instruments. Financial Instruments ere recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument, Flnanclal assets and liabilities are offsel, with the net amounts presented in the financlal statemenls, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective Interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of Ihe future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc financlal Ilabllltles Basic financial liabilities, includlng credStors and bank loans are inltlally recognised at transaction pdce unless the arrangement conslilutes a financing transaction, where the debt instrumenl is measured at the present value of Ihe future payments discount8d at a market rate of interest. Financial liabilities classified as payable within one year are not amortis8d. Debt instruments are subsequently carried at amortised cost, using the effective Interest rate melhod. Trade creditors are obligations to pay for goods or services that have been acquired In the ordin&y course of operations from suppliers. Amounts payable ar8 classified as current liabililies if payment is due wlthin one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised Gost using the effective interest method. Derecognitlon of linancial Ilabilltle8 Financial liabilities are dere¢ogni8ed when the company's contractual obligations expire or are discharged or cancelled. 1.10 Taxatlon The company is exempt from income and corporation taxes to the extent that income and gains are applled to the charitable objectlve of the company. 1.11 Employee beneflts The Cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Tennination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employm8nt of an employee or to provid8 termination benefits. 1.12 Retlrement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall dua.
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng estlmates and Judgement8 In the application of the company's accounting policies, the trust6ès are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumplions are based on historical experience and other factors that are considered to ba relevant. Actual results may differ from these estimates. Th8 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogni8ed in the period In which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Charltable actlvltles Mor• and Bgtter 2024 Hellcopter Curloslty Total 2024 Total 2023 2024 2024 Sales withln charltable aclivltles 34,980 161,130 45,753 241,863 222,555 Unrestricted funds 34,980 161,130 45,753 241,863 222,555 For the year ended 31 March 2023 Unrestricled funds 89,015 122,373 11,167 222,555 Income from Investments Unrestrlcted Unrestrlctod funds funds 2024 2023 Interest receivable 1,822 1,435 10-
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvities More and Hellcopter Better Curlo81ty Total 2024 Total 2023 Project delivery Workshop costs Communications and IT Motor and travel costs Staff training 1,275 1,016 12,969 605 10,585 8,782 17,334 1,822 29,194 11,800 12,969 6,894 13,333 7,489 14,001 3,579 549 2,077 4,212 15,865 21,424 23,368 60,657 38,951 Share of support costs (see note 6) Share of governance costs {see note 19,115 121,568 22,385 163,088 149,651 6) 1,200 1,200 1,200 34,980 144,192 45,753 224,925 189,802 Analys18 by fund Unrestricted funds 34,980 144,192 45,753 224,925 34,980 144,192 45,753 224,925 For the year ended 31 March 2023 Unrestrlcted funds 89,015 89,620 11,167 189,802 89,015 89,620 11,167 189,802 11
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to actlvltles 2024 2023 Staff costs Depreciation Advertislng and marketing Establishment costs Communications and IT Insurance Other Office costs Staff training Accountancy Governan costs 134,673 1,079 13,670 822 6,699 1,023 3,672 125,328 973 10,567 1,598 4,457 1,037 3,583 904 1,204 1,200 1,430 1,200 164,268 150.851 Analysed between: More and Better Helicopter Curioslty 19,115 122,768 22,385 82,789 82,619 5,443 184.268 150,851 Net movement In funds 2024 2023 The net movement in funds is stated after charglngl(crediting)'. Depreciation of owned tangible fixed assets 1,079 973 Trustoes None of the trustees (or any persons connected wilh them) received any remuneration or benefits from the Company during the year. 12-
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees Number of employees The average monthly number of employees during the year was.. 2024 Number 2023 Numbor Number of Employees Employmont costs 2024 2023 Wages and salaries Social security costs Other pension costs 122,980 8,203 3,510 114,446 7,649 3,233 134,673 125,328 There were no employees whose annual remuneration was £60,000 or more, 10 Tanglble flxed assets Flxturos and flttlngs omput•rn Total Cost At 1 April 2023 Additions 4,750 19,912 1,399 24,662 1,399 At 31 March 2024 4,750 21,311 28,061 Depreclatlon and Impalrment At 1 April 2023 Depreciation charged in the year 4,750 16,993 1.079 21,743 1,079 At 31 March 2024 4,750 18,072 22,822 Carrylng amount At 31 March 2024 3,239 3,239 At 31 March 2023 2,919 2,919 11 Debtors Amounts falllng due wlthln one year: 2024 2023 Trade debtors 69,811 23,694 13-
MAKEBELIEVE ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Credltors: amounts falllng due wlthln one year 2024 2023 Notes Deferred income Accruals 69,205 1,379 123,918 1,379 70,584 125,297 13 Unrestrlcted funds The ijnrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for speclfic purposes. At 1 Aprll 2023 Incomlng resources Regouree8 At 31 March oxpended 2024 General funds 202,372 243,685 (224,925) 221,132 Prevlous year: At 1 Aprll 2022 Incomlng resources Resources At 31 March exponded 2023 General funds 168,184 223,990 {189,802) 202,372 14-