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← Eden Animal Rescue

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 05735159 (England and Wales) REGISTERED CHARITY NUMBER: 1117113

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

EDEN ANIMAL RESCUE

John Andrew Chartered Accountants 17-19 Market Street KIRKBY STEPHEN Cumbria CA17 4QS

EDEN ANIMAL RESCUE

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6 to 7
Statement of Cash Flows 8
Notes to the Statement of Cash Flows 9
Notes to the Financial Statements 10 to 18

EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)

Report of the Trustees for the Year Ended 31 March 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Eden Animal Rescue has been caring for animals since 1995.

As well as welfare needs and behavioural work, we also pay veterinary bills for annual vaccinations, neutering, any treatment required and micro-chipping for the dogs and cats. While an animal is with us we provide care, companionship and understanding and do all we can to find it a good home.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity objectives are set out in the amended Memorandum of Association dated July 2023.

Significant activities

To achieve our objectives, we operate our Rescue Centre at Moorlands Head Farm. We believe all animals deserve a chance at finding a home so the charity continues to accept feral cats and dogs with behavioural issues. Many charities will not accept these animals and much time is devoted to our more challenging residents to give them the best chance possible. We remain very proud of our policy in not euthanising animals except after the advice and recommendation of a veterinary surgeon.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In 2023-24 we re-homed 128 cats, 155 kittens under 6 months, 72 dogs and puppies and 25 small furries like rabbits, guinea pigs and ferrets. But at the same time we took in 97 cats and 254 kittens under 6 months, 53 dogs and 22 small furries. They came from diverse backgrounds and with an equally wide range of behaviours and problems to which we had to respond. We continued to make use of Frame, Swift and Partners as our vets and were able to work closely with them to ensure the animals who came to us received the best of care.

FINANCIAL REVIEW

Financial position

The Charity's financial position at the end of the financial period remains sound but the pressures of the rising costs of the building work mean that our finances are constantly under review.

Reserves policy

Our reserve policy was reviewed by the Board of Trustees and remained at £300,000. The Reserve Fund's purpose is to ensure the Charity can function for up to one year in an emergency or crisis. This policy was introduced after the Foot & Mouth outbreak in Cumbria. Income essentially dried up at that time and the Charity only just survived.

Trustees will continue to review the reserve policy amount on an annual basis.

Page 1

EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)

Report of the Trustees for the Year Ended 31 March 2024

FUTURE PLANS

After almost 12 months of delay the planning application was approved and work on the infrastructure of the site in preparation for the new kennel block was started. The very wet weather over the winter and delays with changes to the mains electricity supply caused by Electricity North West meant that there were delays to the work so the programme was running some 2 months late by the end of March 2024. The new Kennel Block is not expected to be finished until November 2024. The chief consequence of these delays and the terms of the planning permission is that the costs of the project have risen so that fundraising is having to continue for longer than originally expected with a higher target.

The Trustees are working on reviewing the administrative procedures of the Charity and a number of revised or new policies have been put in place and others are still being worked on. All new polices have a review timescale built in.

The Trustees are continuing their efforts to widen the support of the Charity through increasing membership, volunteering and attracting more people to think about becoming Trustees.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

A revised set of governing documents were submitted to the 2023 AGM to reflect developments since 2006 including provision for dealing with governance in the event of any future lockdowns and the increasing use of e-mail. Most of the changes proposed were adopted but following a last minute intervention by the Charity Commission the terms of reference were left untouched. The Trustees will be submitting new terms of reference acceptable to the Charity Commission to the 2024 AGM for approval.

As a consequence of the agreed changes to the Constitution this year one third of the Trustees will be elected this year and this process will be continued over future years based on continuous length of service as a Trustee.

The Trustees meet regularly and are responsible for managing such areas as finance, staffing, risk management and development of the charity. Responsibility for the day to day operation of the rescue centre is delegated to the General Manager with the support of Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05735159 (England and Wales)

Registered Charity number

1117113

Registered office

17-19 Market Street Kirkby Stephen Cumbria CA17 4QS

Trustees

Mrs J Whitfield C W Cheetham Mrs F V Flower R G Holder D H Simmons Dr S Albone D Robinson

Page 2

EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)

Report of the Trustees for the Year Ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner John Andrew FCA John Andrew Chartered Accountants 17-19 Market Street KIRKBY STEPHEN Cumbria CA17 4QS

Approved by order of the board of trustees on 27 June 2024 and signed on its behalf by:

C W Cheetham - Trustee

Page 3

Independent Examiner's Report to the Trustees of Eden Animal Rescue

Independent examiner's report to the trustees of Eden Animal Rescue ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Andrew FCA The Institute of Chartered Accountants in England and Wales

John Andrew Chartered Accountants 17-19 Market Street KIRKBY STEPHEN Cumbria CA17 4QS

1 July 2024

Page 4

EDEN ANIMAL RESCUE

Statement of Financial Activities for the Year Ended 31 March 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Promoting & Providing Animal Welfare
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Promoting & Providing Animal Welfare
Charity Shop Penrith & Kirkby Stephen
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
412,391
28,761
147,784
18,449
607,385
18,263
309,585
56,856
384,704
222,681
2,391,362
2,614,043		 Restricted
fund
£
2,223
-
-
-
2,223
57
516
-
573
1,650
7,250
8,900		 31/3/24
Total
funds
£
414,614
28,761
147,784
18,449
609,608
18,320
310,101
56,856
385,277
224,331
2,398,612
2,622,943		 31/3/23
Total
funds
£
999,981
28,789
131,543
10,011
1,170,324
17,556
306,104
29,370
353,030
817,294
1,581,318
2,398,612

The notes form part of these financial statements

Page 5

EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)

Statement of Financial Position 31 March 2024

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
1,957,343
141,775
625,610
767,385
(109,587)
657,798
2,615,141
(1,098)
2,614,043		 Restricted
fund
£
8,269
-
631
631
-
631
8,900
-
8,900		 31/3/24
Total
funds
£
1,965,612
141,775
626,241
768,016
(109,587)
658,429
2,624,041
(1,098)
2,622,943
2,614,043
8,900
2,622,943		 31/3/23
Total
funds
£
989,085
28,641
1,385,544
1,414,185
(4,658)
1,409,527
2,398,612
-
2,398,612
2,391,362
7,250
2,398,612

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)

Statement of Financial Position - continued 31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2024 and were signed on its behalf by:

C W Cheetham - Trustee

R G Holder - Trustee

The notes form part of these financial statements

Page 7

EDEN ANIMAL RESCUE

Statement of Cash Flows for the Year Ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31/3/24
£
238,454
238,454
(1,008,701 )
10,944
(997,757)
(759,303)
1,385,544
626,241		 31/3/23
£
834,673
834,673
(46,639)
3,677
(42,962)
791,711
593,833
1,385,544

The notes form part of these financial statements

Page 8

EDEN ANIMAL RESCUE

Notes to the Statement of Cash Flows for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 31/3/24
£
224,331
32,174
(10,944)
(113,134)
106,027
238,454		 31/3/23
£
817,294
34,124
(3,677)
(9,183)
(3,885)
834,673

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1/4/23
£
1,385,544
1,385,544
1,385,544		 Cash flow
£
(759,303)
(759,303)
(759,303)		 At 31/3/24
£
626,241
626,241
626,241

The notes form part of these financial statements

Page 9

EDEN ANIMAL RESCUE

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Short leasehold - 20% on cost
Improvements to property - 2% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 12.5% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 10

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2. DONATIONS AND LEGACIES

Donations
Gift aid
Legacies
Grants
Membership subscriptions
Bag packs
Jenny Whitfield cards
Collecting boxes
Funeral collections
Grants received, included in the above, are as follows:
Various Incoming unrestricted grants
3.
OTHER TRADING ACTIVITIES
Fundraising events
Shop income
Sponsorships
Social lotteries
Commissions received
4.
INVESTMENT INCOME
Rents received
Deposit account interest
Other interest receivable		 31/3/24
£
74,058
6,843
313,508
-
1,030
-
3,338
8,768
7,069
414,614
31/3/24
£
-
31/3/24
£
20,823
116,221
3,355
6,945
440
147,784
31/3/24
£
7,505
10,925
19
18,449		 31/3/23
£
58,555
680
904,350
7,039
860
251
6,333
8,903
13,010		 31/3/23
£
58,555
680
904,350
7,039
860
251
6,333
8,903
13,010
999,981
31/3/23
£
7,039
31/3/23
£
21,466
96,924
7,475
5,353
325
131,543
31/3/23
£
6,334
3,677
-
10,011
10,011

continued...

Page 11

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

5. INCOME FROM CHARITABLE ACTIVITIES

31/3/24
Activity
£
Animal fees - dogs
Promoting & Providing Animal Welfare
8,040
Animal fees - cats
Promoting & Providing Animal Welfare
7,155
Animal fees - kittens
Promoting & Providing Animal Welfare
9,655
Animal fees - other
Promoting & Providing Animal Welfare
-
Merchandise
Promoting & Providing Animal Welfare
3,291
Donated Goods
Promoting & Providing Animal Welfare
620
28,761
6.
RAISING FUNDS
Raising donations and legacies
31/3/24
£
Support costs
18,320
7.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 8)
£
£
Promoting & Providing Animal Welfare
213,970
96,131
Charity Shop Penrith & Kirkby Stephen
-
56,856
213,970
152,987
8.
SUPPORT COSTS
Governance
Management
Finance
Shop
costs
£
£
£
£
Raising donations and
legacies
18,320
-
-
-
Promoting & Providing
Animal Welfare
85,360
2,665
-
8,106
Charity Shop Penrith &
Kirkby Stephen
-
-
52,034
4,822
103,680
2,665
52,034
12,928		 31/3/23
£
10,720
9,102
7,325
445
1,197
-
28,789
31/3/23
£
17,556
Totals
£
310,101
56,856
366,957
Totals
£
18,320
96,131
56,856
171,307

continued...

Page 12

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

8. SUPPORT COSTS - continued

Activity Basis of allocation Management Time spent by staff and directors Finance Time spent by staff and directors Shop Direct attributable shop expenses Governance costs Fees attributable to relevant activity

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/24 31/3/23
£ £
Depreciation - owned assets 32,174 34,124
Hire of plant and machinery 6,685 4,874
Other operating leases 14,580 16,234

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

The trustees undertake administrative duties in their own time. They are not reimbursed for their time or costs.

11. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 31/3/24
£
191,421
2,850
194,271
31/3/24
13		 31/3/23
£
150,025
1,944
151,969
31/3/23
12

No employees received emoluments in excess of £60,000.

continued...

Page 13

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Promoting & Providing Animal Welfare
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Promoting & Providing Animal Welfare
Charity Shop Penrith & Kirkby Stephen
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
990,656
28,789
131,543
10,011
1,160,999
17,473
304,112
29,370
350,955
810,044
1,581,318
2,391,362		 Restricted
fund
£
9,325
-
-
-
9,325
83
1,992
-
2,075
7,250
-
7,250		 Total
funds
£
999,981
28,789
131,543
10,011
1,170,324
17,556
306,104
29,370
353,030
817,294
1,581,318
2,398,612

continued...

Page 14

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

13. TANGIBLE FIXED ASSETS

COST
At 1 April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
COST
At 1 April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Freehold
property
£
629,570
-
629,570
100,728
12,591
113,319
516,251
528,842
Fixtures
and
fittings
£
49,234
-
49,234
47,635
400
48,035
1,199
1,599		 Short
leasehold
£
7,795
-
7,795
3,118
1,559
4,677
3,118
4,677
Motor
vehicles
£
8,200
-
8,200
7,106
274
7,380
820
1,094		 Improvements
to
property
£
480,503
1,005,656
1,486,159
58,626
8,840
67,466
1,418,693
421,877
Computer
equipment
£
863
3,045
3,908
708
800
1,508
2,400
155		 Plant and
machinery
£
68,871
-
68,871
38,030
7,710
45,740
23,131
30,841
Totals
£
1,245,036
1,008,701
2,253,737
255,951
32,174
288,125
1,965,612
989,085

Page 15

continued...

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/24
£
Trade debtors
14,189
VAT
124,461
Prepayments
3,125
141,775
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24
£
Trade creditors
101,204
Other creditors
546
Accruals and deferred income
7,837
109,587
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24
£
Other creditors
1,098
17.
MOVEMENT IN FUNDS
Net
movement
At 1/4/23
in funds
£
£
Unrestricted funds
General fund
2,091,362
222,681
Trustees Reserve
300,000
-
2,391,362
222,681
Restricted funds
Fund relating to Restricted Grants
7,250
1,650
TOTAL FUNDS
2,398,612
224,331		 31/3/23
£
14,385
11,131
3,125
28,641
31/3/23
£
1,514
940
2,204
4,658
31/3/23
£
-
At
31/3/24
£
2,314,043
300,000		 31/3/23
£
14,385
11,131
3,125
28,641
31/3/23
£
1,514
940
2,204
4,658
2,614,043
8,900
2,622,943

Page 16

continued...

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
607,385
Restricted funds
Fund relating to Restricted Grants
2,223
TOTAL FUNDS
609,608
Comparatives for movement in funds
At 1/4/22
£
Unrestricted funds
General fund
1,281,318
Trustees Reserve
300,000
1,581,318
Restricted funds
Fund relating to Restricted Grants
-
TOTAL FUNDS
1,581,318
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,160,999
Restricted funds
Fund relating to Restricted Grants
9,325
TOTAL FUNDS
1,170,324		 Resources
expended
£
(384,704)
(573)
(385,277)
Net
movement
in funds
£
810,044
-
810,044
7,250
817,294
Resources
expended
£
(350,955)
(2,075)
(353,030)		 Movement
in funds
£
222,681
1,650
224,331
At
31/3/23
£
2,091,362
300,000
2,391,362
7,250
2,398,612
Movement
in funds
£
810,044
7,250
817,294

continued...

Page 17

EDEN ANIMAL RESCUE

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Trustees Reserve
Restricted funds
Fund relating to Restricted Grants
TOTAL FUNDS		 At 1/4/22
£
1,281,318
300,000
1,581,318
-
1,581,318		 Net
movement
in funds
£
1,032,725
-
1,032,725
8,900
1,041,625		 At
31/3/24
£
2,314,043
300,000
2,614,043
8,900
2,622,943

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
1,768,384
Restricted funds
Fund relating to Restricted Grants
11,548
TOTAL FUNDS
1,779,932		 Resources
Movement
expended
in funds
£
£
(735,659)
1,032,725
(2,648)
8,900
(738,307)
1,041,625

Designated Funds

Following the financial risks highlighted by the Covid-19 pandemic the trustees increased the Trustees Reserve to £300,000, to provide a safeguard against sustained loss of donations income and/or unforeseen major items of expenditure.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

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