REGISTERED CHARITY NUMBER: 1114216 REPORTOF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR SAINT GABRIEL'S PARISH HOUSE TRUST Malihouse & Company Chartered A¢¢ountants America House. Rumford Court Rumford Place McrsL'yside L3 9DD
SAINT GABRIEL'S PARISH HOUSE TRUST CONTENTS OF THE FANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2U23 Page Rewrt of the Trustees Independeni Examine¢s Rwrt Stalemeni of Financial Acliviiies Balance Sheet Noies io the Financial Siatements 9 to 15 tkiailcd Sthiemenl of Finala1 Aciivities 16 10 17
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Tlie tNstees present their report with the financial stalements of the charity for the year ended 31 Dc¢cwnbcr 2023. The tTUStees have adopled ihe provisions of Accounting and Rcportinu by ChaTilies.' Siateniei)t of Recomniended Practice applicable to chariiies preparing their accounts in accordance iviil) the FinanLial Reporting Siandard applicabl¢ in ihe UK and Republi¢ of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVITILS Obje¢tiv¢s and aim% Tlie chariiy's objeLli¥'es, as stated in the Deed of1900, are.. l. For the ¢¢lebraiion of divin¢ s¢ryi¢¢ in aOrdanCe with the rites and ceremonies of the Church ot England. 2. As a l)all or place of m¢eiing for the recreation or instrnction or othenvise for the use and bei)efit of the 11)enibcrs ol- the Church ot. Eiigland resident in the parish . . and such other pcrsons as thc INsttts or ttus¢ce iiia). Ironi liine tu linie eithcr generally or in any Particul case direcl or peniiil. 3. As a place of meeting for district visitors or for any committee or wcielics or other bLKlics in thc parisli wliich are cuiinected with the Church ul England ur for medings to be culled in did or ti)r the bei)efit of uny coiniiiiiicc SOCILI), objLXI or cause conncLied .1111 iliL Cliurcl) of England. 4. As d p114 ce ol- meeting for any cliib guild society or institute wholly or niainly composed of meinbers ol. Ihe C'IILirch ol. F.ii¥land who IlOng to the labuurin¥ nhinUfacring or uther poorcr ¢18ss¢.s or as J byiniiqi SIUIII r¥adin&i rooii) billiard room or rLYr¢alion room for Ih¢ir us¢. 5. As a cla&g rooni nieeiing r(M)m reading room or leciure room for members of the Church of Englaiid ur for Llas%es for LOII)IIIUIIiLanls or caiididates for coiifinnalioii or oiherwise for the religious or s¢¢ular iiisiructiun of illeii)b¢rs ol'tlie Church of England. 6. As a lending library for ihe use of Memr$ of ihc Church of England. 7. As a kiiLhen vr pla¢e for providing food or oiher relief for the necessitous poor or for providing rod or rL.freshii)ent for any persons who shall be upon the premises for or in conne¢iion with any of the purposes herein meniioned. 8. As a r¢sid¢n¢¢ for a ¢ar¢tak¢r pansh nurse mission woman or other worker in the ...... parish... . g. For any other meetings or for any oiher objects, ends or purFWS havin8 in view the spiritual, int¢ll¢¢tual, moTal or social nced5 of m¢mbcr5 01. Ihe Church of England in the said ecclesiastical parish which may froin tiine io time b¢ approved either generally or in a particular case by the ttustees... Page I
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTIVITIES Si Gabriel's Parish House Tnt wai created in 19(KJ io provide a range of charitable setTrices to the people of the parish of St CJabri¢l's church. Wanvick Square. as sei oui In Ihe Trust Dccd. Thc De¢d ¢reates a funciiotol pLn))£inent endoiviiient. which Incans tliai ihc TnL5t achieves lis obj¢¢ts by providing sen'ices in and througi) tlie Parish House building. which Contains a suite olrnoms and halls of i'arious sizes, a5 well as a kitchen, lavalori¥s and a CareiakeS flat. The House is bd on the Churchill Gardens esiaie in Pimlico. In 2011. the Charity Coiiii)ii44ion agreed o Scheme whi¢h ii)ade ihc Parh11 Church Council IPCCI of St Gabriel's church (h¢ corporaie Managing Trustee. and i'esled Cust(Klian Twsieeship in the London Diocesan Fund ILDFI. The Ineinbers uf the Managing Trustee Ir¢ferred 10 for convenience as the Trustees in the%e acLounis) work to ei)sur¢ Ihiil IhL Parish House proN'ides a raiige of services to the local cotntnunily in line wilh ihe I 900 DcLd. Tl)e%e service5 inLlude hiring out rooms at Charitable rates to a range of organisations with chorilable and iomiiiuniry objects. including Inusic. thcalre and 0rn compani¢%. and sp)rfing organisations. Tl)e income providcd by hiring5 is U5cd io k¢¢p the buildin8 in 8d condiiion. and io pay for the provision L)f y rdn¥¢ of utlici. services Jt the Huuse. Ihese laiier hai'e in recenl years included a community service "hub" which delivLred in n)odern tomi many of functions outlin¢d in th¢ I9* Deed. includii)g comniunity advice cind a liiodbi1nk. Hub scrvices are currently suspended and undcr rcvicH, following thc int¢trup(ion ¢aus¢d by il)¢ Ci>vid- IY pdndeniiL. In addition. St Gabriel's parish mi55ion is based ai dnd run froiii the Pai'ish 14uuse. ii)cluding youth w'ork on the local cslal¥. Th¥ Mi.%sion Pri¢si is also basLd ai Ihe Parish Hou.%c. as is St CiabTicI's PJr1411 otfice. ThL TrusleLs havL also madc ¢h¢ Hou$¢ available aiailable as a base for a rnn¥e of organisationq wliosc own LliJriiJblL objLLls arL consisleiil with ihosc of thc Trusi. Th¢sc in¢lud¢ ilie I1 Scoiiis. and il)c Piinlico Musiial F()ui)diilion IPMFI, an ind¢pL'nd¢ni charity providing mubical educatioii to children in the drea via weekly iii-%¢h(x)I ieacliing and iemilj, concerts. li works in parti¢ular to help children wliose circumslances exl)ibit 8oiiie of ihe established inarks of dcprivaiion. The Tnjst providcs the Foundation with oifice spa¢¢ at no cost. Public b¢nefit Tl)¢ TwslLX'8 COI)firn) that Ihey have referred to ihe guidance conlained in the Chan'ty coinmi55ion's general giiidance on Public Benefit when reviewing ihe charity's aims and objeclives and in plannin& fu(ure ts¢tlVilies. P4lrtlLular, thc Trus1¢¢% ¥on5ider how planned activities will rontiibut¢ to the aims and objeclive5 Ilie>' lial'e set. ThL principal public bcnefil achieved by lh¢ Tnjsi is in the furtlierance of the Anglican faiil) and ¢du¢aiiun. FINANCIAL REVIEW Rc5£rvcs polic). Tlic Trust¢¢s have adoptLsd a reseThes wlicy wliich 15 10 hold a minimum of 6 months, expenditure in order to protect dgainst loreseeable capital. income. and adveT5e eveni risks". STRUCTURE, GOI'ERNANCE AD NL4NAGEi4IENT Goi'erning document The charity is unincorpordled and controlled by its gov¢ming documeni which is a Conveyance dated 26 NovLiiiber 1900 as n¢nd by a S¢henie daied 6 October 1939 and anothcr Schciii¢ dated 22 Noveniber 2011. Und¢r the latter S¢heme the London Diocewi Fund is custodi Trnstee and the Parocliial Church Couiicil of (he Ecclesiastical Parish ("the PCC") of St Gabriel's. War%%'ick Square. Pimlico. which is itself a registered ¢harity Inumb¢r 1133969) is Managing Trustee. The members of th¢ PCC during the period are set oui below. Page 2
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, C()I'ERNANCE AND m.lNACE1ENT Organisational strufture The charity was established in 1900 to Iiold ihe parish halls. ai Churchill Gardens. for stated charitable putpose iii eoiincction with th¢ local Church of Enbland parish of St Gabri¢l's. Th¢ land and buildiiigs arc hcld as fuiiclional pcrn)anent endown)ent. On appointineni, trusttts are provided wilh an induction pack and receive sufficient training to enable them to tiiifil th¢ir duties ag tTusIc¢s. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charit) number 14216 Principal address Chiirchill Gardens Loiidon SWIV3AA 'I'rusteés () (- Hibrbps J F;Irm¢r P Giiii)ery V MiLI)Llei M PLrry % SklarolYITesigned 26.3.23) L Col¥'in A Hobbs (resi)ed 31.8.231 P Lill¢y C NILliol A Hakiinarson R Smith Indepelldellt Examiner Guy Playlcr BA FCA Mdlihuuse & Coinpany Chartered Accountants Ain¢rica Hou5c. Rumford Court Rumford Pla¢e Liverpool Mcrscyside L3 9DD Page 3
SAtNT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR EN'DED 31 DECEMBER 2023 Approi'¢d by order of the board of trustecs on 16 October 2024 and signed on its behalf by.. O C Higgs - TNsiee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAINT GABRIEL'S PAIUSII HOUSE TRUST Independent examiner's report to the trustees of SaiDt Gabriel's P*rish House Trust I r¢port to the chlty trustees on my examination of the accounts of Saint Gabriel's Parish House TNsr (the Trust) for Ihe }'ear ended 31 December 2023. Responsibililie$ and basi5 of repoTI As tlic cliariiy trustees of the Tjust you are reswbnsible for th¢ preparation of the accounts in a¢¢ordaii¢c with the requireJ)i¢nts of thc Charitics Act ?01 l ('the Act'l. I report in re%pect of my examinalion of the Trusl's accounls Caled out under Section 145 of the Act and in Lairyii)g oui Iny exJi))inati¢)n I have folloived 011 applicabl¢ Dircciions ¥ii'¢n by Ihe Charity Coiiiii)ission undcr Section 145{5Hbl of the A¢t. Independent examiNer'$ statement Siiice your ehariWg gross in¢oni¢ ¢x¢¢¢d¢d £250.000 your ¢x4min¢r musi be a i))emb¢r of a li51ed body. I can confinn ihat l am qualified to undenake the examinaiion because l am a m¢mb¢r gf the Instiiui¢ of Chartered A¢¢ouniani% in En&lJnd and Walcs, which is onc of Ihc lislcd bodics. I have completed my examination. I confirni that no material matters have me to my attention in connection with thL ¥¥Jii)inJti¢)ii ¥ivinbT nie cau_%e ¢0 bclici'e that in any matcnal rcspLCt.' c¢ounling records were noi kept in respect of the T1 as required by Seclion 130 of the Act. or thL aLLOLinls do not accord with ihose rL'cords' or Ihi account5 do nol comply with thL JppliLablc rL'quircnicnls concLrning ihc forni Jnd conlLiil of aLcoiiniS sel out in th¢ Charities {Accounis dnd Repons) Re&>uldiion$ 2¥ oiher tl)an dny requirei))ei)t ihot Ihe accounts gil'e a trne and fair i'iew which is noi a Inaitcr considcrcd as part of ali indLp¢ndcnl ¢xai)iinaiion. I have no ¢oncems and have come across no oiher matters in ¢onne¢iion willi ihe examinaiion io which altenlion should be drawn in this report in order to eilable a proper uiiderslaiidiiig of the accounts to be reached. Guy Playfer BA FCA Malthous¢ & Company Chartered Accountants Ainerica House. Rumford Court Rumford Place Liverpool Mer.%eJqide L3 9DD 16 October 2024 Page 5
SAINT GABRIEL'S PARISH HOUSE TRUST STATEMENT OF FINANCIAL .4CTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 Total fund5 31.12.22 Total funds UnTesiricl fund Resiricied fund Notes INCOI¥qE AND ENDOM'MENTS bROl Charitable aftivities Letting Inconie 276.428 276.428 251250 Other Irading aclivities Inv¢sinieni income 7.8N) 6.754 7,800 6.754 7.800 435 Total 290.982 290,982 259,485 EXPENDITURE UN Cl)%)ritJble #etivities Cl)Ul-Li#bl¢ a¢iiviii¢s 206.532 206.532 22.3.4.15 NET INCOME 84.4511 84,450 36,050 IIF.CONCII.lèlTION OF FUND.S 714.330 30.000 744.330 708.280 TOTAL Tr"UNDS CARRIED FORM'ARD 798.780 30.(KMI 828,780 744.330 The notes forni part of these financial slat1]ellts Page 6
SAINT GABRIEL'S PARISH HOUSE TRUST BALANCE SFIEET 31 DECEMBER 2023 31.12.23 Toial funds 31.12.2? Toial funds Unresthcted fund R¢stri¢t¢d fund Notes FIXED ASSETS Tangible assL'ts 171.375 171,375 203,699 CURRENT ASSETS Dcbior4 Cash ai bank 11,540 649.017 11,540 679,017 1,773 560.295 iO.O(N) 660.557 30,) 690.557 562.068 C.REDITOILS Ainoiii)Is falling due within one year (33.152) (33.1521 (21.4371 NET CURRENT ASSETS 627.405 30,000 657.405 540.631 i'o'rAL ASSETS LESS CURRENT LIABILITIES 798.780 30.0(K) 828.780 744,330 NET ASSETS 798.780 30.( 828.780 744.330 The noles form part of these financial statenients Page 7 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST BALANCE SHEET- continued 31 DECEMBER 2073 FUPIDS UnrLsiriLted funds Rcstrictcd funds 10 798,780 30,000 714,330 30.000 TOTAL FUNDS 828.780 744,330 Tlie financial statements were approved by ihe Board of TnLsiees and authorised for issue on 16 October 2024 aiid wLrc sild on its behalf by: O C Higgs- Trustee C Colviii - Trustee The notes fomi pan of these fiiiancial statcmenrs Page 8
SAINTGABRIEL'S PARISH HOUSE TRUST NOTES TO THE FtNANCIAL STATENIENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES BASIS OF PREPARIYC THE FINAYCI.4L STATEI¥IENTS Th¥ financial siaiLments of ¢h2nty'. Ivhieh Is a public b¢nefit eniiry under FRS 102. hav¢ been prcpared in accordance with the Cliarilics SORP IFRS 10?) 'Accounlin¥ and Reponing by Charitics.. StJt¢m¢nt ol- Recomniended Practice applicable to charilies PTCPdting their accounls in accoFdanc¢ with the Financial Reporting Standard applicable in the UK and Republic of IrelJiid (FKS 1021 (effective I Jai)uary 20191., FinanLial Rewrting Standard 102 The Fii?ancial R¢portii)g Siandard applicablc iii Ih¢ UK ¢ind R¢public of Ireland, and the Chariti¢s Act 2011. The finan¢ial stateinents have been prepared under il)e historical cosl conv¢niion. Whilst the PCC Iregislered chariry niiinber 1133969) is the ¢olleciive irustee of Si Gabriel's Parish House these acLounis ar¢ not consolidated in the resulis and assets of ihe PCC on tlie basis that the PCC is unablL io dLrii'c dirLYi finan¢ial benefit from thc yss¢is held by St Gabricl's Parisli House. The goiycrniiig instrum¢ni ol. Si Gabriel's Parish Hou5¢ means ihai. while th¢" PCC is the collectivc trustcc 1¢ has no conirolling powerb io decide how an asset of Si Gabriel's Parish House is used or whether #n &%set can be s01(1 aiid fun(is disiribuied. Under thc ClianliLs SORP M,herc such scvcrc loi1¥ ienn rcstrictioiis cxi%t tlie eniiiy in qucsiion Lan bc cx¢lud¢d from consilidaiion. Th¢refor¢. these accounts reflect the finrLn¢¢s of Si Giibriel's Parish House &9 a standalone eniity. INCONIE All inLuni¢ is r¢cognised in the Statemeni of Financial Activities once the charity has entitlement to the funds, li is probable ihat ihe incon)¢ iill b¢ received and the an)ount Can bc Ineasured reliably. EXPEP¥DITURE Liiibiliti¢.s ar¢ reevgnised a5 expenditure as soon as there is a legal or ¢onstruciive obligation coinmiiiing thL Lh£lrily lo that cxpcndirure. il is probable Ihat a trarnsfer of CCL)noinic b¢iiefiis will be required in se¢ilenieiil aiid the ainouni of the obligation ¢an be measured reliably. Expendiwre is accounied lor on dn acLrudls bJ.%i% and has been clas5ifi¢d under lieadiii¥s thai awegdie all cost related Iv the LiiiegL>ry. Wl)¢r¢ ¥ostS Ciiinot bc dirccily aiiribuied lo particular headings ihey have been Ullocat lo activities oil a basis Consistent u'iih ihe us¢ of r¢sources. TANGIBLE FIXED.4SSETS Dcpriia(ion is provided at ihc following annual raics in ord¢r to wrile off each ass¢t ov¢r its estimated uselul life. Freel)old propcrty Fixtu& and fitlings IOQ/r* on Cosi I/0 on ¢osi No sum in Spect of the original cost of the parish halls is includcd in the financial slatcmei)ts. Thc halls became the property of th¢ ¢hariiy in IIM) aiid no cost records are availabl¢. In the vpinion of the trustees, any sueh sum would be immaterial tn the context of the oi'¢rall finances of the charity. This properry constitutes a function81 pern]ent end0cl. Additions to fixed assets. including major improvements to ihe parish halls are capitalised at C05t if they are £5,(KK) or more. Page 9 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOU.NTING POLICIES- continued TAXATION Thc cliilrity is ¢xempi from lax on its charithble aciivities. FU.ND ACCOUNTING Unr¢5tri¢t¢d fLtnds can be used in accordance with the charitsble objectives ai ihe dis¢retion of ihe trusieLS. Restricted funds can only be used for pantcular restricted puryjoses within the objects of the charity. Rcslriction.8 ttrise when spe¢ified by the donor or when funds ar¥ raised for paniciilar rcslricti"d puo$l$. FLlrther explanation of the naiuTe and pu4x)se of each fu1 is included in ilie notes to the fIne11 staleincnls. PENSIOIY COSTS AND OTHER POST-RETIRE%IEN'T BENEFITS Tl)¢ ¢l)¢iriry operaies a dLlinL(I contribuliun PL'nsion schLI))L. Conlnbuhuns payable lo the cl)arity's pension scheme arc chJrg¢d to the Staiemeni of Financial Aciiviises in th¢ period to which ihey rclate. OTHLR TRADING ACTIVITIES 31.12.23 31.12.22 L¢iiing of exce&s capacity of buildings 7.800 7,S Ir4I'ESTIIIENT I,COlE 31.12.23 31.12.22 Bank iniere%i 6,754 435 TRUS'fELS' REI%lUNERATION ALYD BEIYEFITS There iVLre no trust¢¢s' r¢muneralion or oihei benefits lor th¢ y¢ar ended 31 December 2023 nor for the year end¢d 31 D¢ceinber 2022. TRUSTEES, E.IPEYI SES Th¢r¢ were no trustee5' expenses paid for ihe year ended 31 D¢¢¢mb¢r 2023 nor for the year cnd 31 December 2022. Pag¢ 10 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continu FOR THE YEAR ENDED 31 DECEMBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrcstnct¢d Restricted fund fund Totsl fund5 INCOlE AND ENDOWhlETr4TS FROM Charitable activities Leiiii)g Iiicotne 251.250 251.250 Other trading aciivities Invebtinent income 7,8(M) 435 7.8INI 435 Total ?59.485 259,485 EXVENDITURE OTr*' Charltable a¢tivities ClidriiJblL aLlii'iti¥S 223.435 223,435 NET INCI)ME 36,050 36.050 RECONCILIATION OF FUNDS Totiil ILiniL8 bn)ughi fonvard 678.280 30.000 708,2110 TUTAL FUNDS CARRIED FORIVARD 714,330 30.000 744,330 INDEPENDENT E.lINATION The Losl of Ihe independent ¢xaminalion in ihe year was £1.050 (2022 £1,(K>OI. Pagell continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Fixtur and rillings Freehold property Totals COST Ai l January 2023 Additions 443.368 15.000 5,947 449,315 15,000 At 31 December 2023 458.368 5,947 464,315 DEPRECIA'fioiN At l Jaiiuary ?023 Chai'ge for year 244.129 45.837 1,487 1.487 245.616 47.324 At 31 De¢emb¢r 2023 289.966 2.974 292.940 NET BOOK VALUE At 31 Decewnber 2V23 168.402 2.973 171,375 Ai 31 D¥ccmb¢r 2022 199.239 4,460 203.699 DEBTORS: AMOUIYTS FALLING DUE ITr'ITHIN ONE I'EAR 31.12.23 31.12.22 Trade debiors 11.540 1,773 Pag¢ 12 Continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 CREDITORS: AMOUNTS FALLING DUE W'ITHIN ONE YEAR 31.12.23 31.12.22 Trade creditors TaxJtion and social security Other creditor5 1.788 14.879 16.485 1.649 12.331 7.4)7 33.152 21.437 io. MOvEIEYT IN FUNDS Net niovement in funds At 31.12.23 At 1.1.23 Unrestricted funds GLIiLral lund 714.330 $4,450 798,780 Rcistrieted funds DL%'LI()pininl fund 30.(KK) 30.000 TOTAL FUNDS 744.330 84.450 828.780 Nel movement in funds, included in ihe above are as follows.. Incoilling r¢%ourLes Resources expended Movenient Unrestricted lund$ G¢ii¢rJl lund 290.982 (2U6.5321 84,450 TOTAL FUNDS 290.982 (206.532) 84,450 Pag¢ 13 coniinued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 io. MOVEIIIEIYT IIY Tr UNDS- continued Comparatives for moi'ement in funds Nel niov¢in¢nt in funds Ai 31.12.22 At 1.1.22 Unre51ricted funds Gen¢ral tund 678.280 36,050 714,330 Restricted funds D¢*¢lupnieni frund 30,IKKI 30.000 TOTAL FUNDS 708.280 36,050 744.130 Comparativ¢ net movement in funds. included in ihe above are as follows.. In¢omin8 resources Resources expended Movcin¢nt in funds Unrestrlcted funds G¥neral tund 259.485 (223,4351 36,050 TOTAL FUNDS 259.485 (223.435) 36,050 A current year 12 months and prior year 12 nionilL%' combined Sition is 8$ follows-. Net movctncnt in funds At 31.12.23 Ai 1.1.22 Unreqtri¢t¢d fund5 General I'und 678.280 120.500 798,780 Restricted funds D¢N¢lupmeni Fund 30,(KX) 30.000 TOTAL FUNDS 708,280 120,500 828,780 Page 14 conlinued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 io. MOVEMENT IN FUNDS- continued A current year 12 monihs atMI prior year 12 months combined net movetnent in nds, included in the aboi'c are as follows.. Incoming resources Resources e.¥pended Moveinent in funds Unrestricted funds GLI)eral lui)d 550.467 (429.9671 120.500 TOTAL FUNDS 550.467 (429.967) 120,500 11. RELATED PARTY DISCLOSURES ThL VIc4ir and onc uihcr member of ihe PCC or¢ itust¢¢s of Pimlico Musical Foundation (rcgislered ch1rity number I1632?31. The charity perniiis ihe Foundation to use oifice space in its premises tree of charbFL but thL Lstimated i'aluL is not consid¥'rcd to suifi¢i¢nily mat¢rial io ¢iiher cliarity io require any adjiLsimLnt io thc financial statements. Apan froiii ihis and tlie rciniburscmLnt of any cxpciidilure inLiirred by the charily on behalf of the FOUlation ihere were no tran¢110n$ between the chdriii¢s diirinbi th¥ year12027 iionc). Page 15