COMPANY REGISTRATION NUMBER: 06515248 CHARITY REGISTRATION NUMBER: 1123716 Yorkshire Philharnionic Choir Limited Company Limited by Guarantee Unaudited Financial Statements 31 August 2024
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Financial Statements Year ended 31 August 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 August 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024. Reference and administrative details Reglstered charlty name Yorkshire Philharmonic Choir Limited Charity registration number 1123716 Company registration number 06515248 Prlnclpal offlce and reglstered 3 Newfield Avenue office Normanton West Yorkshire F6 1SL The trustees Mr D Howell Mrs A Elcock Mrs W Nutton Mrs J A Stephenson Mr J R Whelan Mr A Osborne Company secretary Antony Osborne Independent examiner Kashif Akram FCCA, BA KRA Accountants Limited Elsie Whiteley Innovation Centre Hopwood Lane Halifax West Yorkshire HX15ER
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Trustees. An nual Report (Incorporating the Director's Report) {continued) Year ended 31 August 2024 Structure, govemance and management Nature of goveming document The charity, as a company limited by guarantee, is governed by its Memorandum and Articles of Association dated 27 February 2008. Recnjitment and appointment of trustees All trustees are appointed on a voluntary basis, and do not receive any remuneration for their time. All expenses reimbursed to trustees are disclosed in the accounts. Induction and training of trustees New trustees are briefed on.. their legal obligations under charity and company law, the Charity Commission guidance on public benefit, 8nd informed of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the current plans and recent financial performance of the charity. Organisational structure The Choir governance is undertaken by a committee consisting of all the trustees plus offirS elected at the AGM to undertake specific functions and up lo 4 choir member representatives proposed and elected at the AGM. The latter serv8 for 2 y8ars. The committee meets as and when required throughout the year. The Committee on occasion will establish a sub-committee for specific tasks, this can include committee members but also others from the choir membership co-opted for the specific task. Each sub-committee reports back to the full committee and its decisions are ratified. Relationships with related parties Please note.. The Choir annually sponsors the Margaret Markland Choral Bursary at the Leeds College of Music. This is made possible by a specific sponsorship by the Liz and Terry Bramall Foundation. Following agreementwith the College and the Foundation, that the Bursary would not run in 2021122 due to Covid, the Bursary restarted in the 2022123 season. Major risks and management of those risks for small charities The Trustees have identified that financial sustainability is the major financial risk for the charity and in particular a recurrence of a lockdown occasioned by any future wortd epidemic. A key element in the management of financial risk is a regular review to ensure that ftjture concerts and tours are budgeted to cover costs and to ensure long term planning takes account the need to maintain reserves to cover costs in uncertain times. The Trustees and Committee receive 8 financial report on general account at every meeting. As recommendedfor ali music organisations the Choir has in place insurance, provided through'making Music, to Cover risks surrounding concert production including cancellation, although Covid 19 was excluded due to the exceptional circumstances involved.
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directorfs Report) fcontlnuedj Year ended 31 August 2024 Objectlves and actlvltles Objectives and aims The objectives of the charity are to promote, improve, develop and maintain public education in and appreciation of the art and science of choral and instrumental music in all its aspects by the presentation of public concerts. Public benefit We have referred to the guidance contained in Ihe Charity Commission's general guidance on public benefit when reviewing our aims and ob5ectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. The trustees confimi that they have complied with the requirements of section 4 of the Charits'es Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continwdj Year ended 31 August 2024 Achievements and performance The 2023124 Season marked a new beginning for YPC with our new leadership team at the helm. As reported at the end of la8t years Trustees Report, Thom Meredith became our Music Director, with Alex Woodrow our 8ccompanist 2nd they immediately began to fomi what will undoubtedly be a very strong and creative musical partnership, ensuring an exciting future for the YPC. That exciting future began with 2 selection of music for the season including 2 works from living composers not previously perfomied by Ihe choir coupled with some traditional favourites and the start of a developing approach to the YPC'S popular Annual Christm8s Concert. The opening concert of the season featured The Sunrise Mass by Ole Gjeilo, a modem setting of the traditional Latin mass envisioned against a journey which according to the composer takes us from transparent and spacey lo earthy and warm. The second half of the concert saw the choir perfomiing one of the most popular works in Ihe repertoire - Gabriel Faure's wonderful 'Requiem'. A packed Wakefield Cathedral enjoyed the choirs Annual Christmas cOnrt which included slight changes to the format of previous years with the choir performing a wide range of music including newer and poignant works and arrangements while sti15 including tradilional carols for all present lo participate in. The evening concluded with Goff Richard's thrilling medley 'A Merry Little Christmas,, surely one lo be regularly repeated! In Spring, performers and audience alike were just stunned by the emotional effect created by Paul Carr's 'Seven last words from the cross,. This is a work which will no doubt gain in popularity and we at YPC are thrilled to have been one of the firsl to add it to our repertoire. Thom drew on his long experience with schools and young people in inviting some locsl schools to join with YPC for some musical summer fun in ' Animal Magic, which included performing the Cantata 'Captain Noah and his Floating Zoo, written by Joseph Horovitz and Michael Flanders. YPC also added Bob Chilcolt's setting of 5 of 'Aesop's Fables, to complete the hour long concert. The last minute withdrawal through illness ofthe Baritone soloist saw Thom Meredith not only conduct the work but also add the soloist role himself, which added to the fun. In a complete change to our usual concert scheduling, this concert was presented Iwice on the day, once in the afternoon and once in early evening performance. A low ticket price and all children hav- ing free entry saw lots of first time audience come and also showed that choral music can be acces- sible to everyone. YPC considers it is in a good position and looks forward to ongoing Sucss. It continues to benefit from the strong bases of sustained membership numbers, made healthy by regular, manageable tumover, supportive patronage and solid audience numbers. There is no complacency however and the Directors, Committee and musical leadership work hard to maintain and improve all aspects of choir life and functionality. At the AGM this year our Treasurer, Alison Elcock will be relinquishing that position handing the reins over to Karen Briggs. The Trustees, committee and entire YPC wish to acknowledge the exceptional contribution Alison has made to the smooth running of YPC through her time as Treasurer, especially in prudent and accurate financial administration which has been so important in ensuring the YPC has remained not just a going concern but a successful and developing organisalion. We pay tribute to her and record here our sinGere thanks to her.
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {continued) Year ended 31 August 2024 Alison, as Treasur8r, has also been a Director of the company. it is anticipated she will resign as 8 Director and Karen will be appointed a Director in her place in the coming year. Financial revlew Income and Expenditure levels have returned to a more normal level following the addition81 income, through extra one off sponsorship and additional costs incurred in celebration concerts and associated events related to the retirement season of Andrew Padmore together with the 70th Anniversary celebrations last year. The charity had incoming resources forthe year of £60,057 (2023- £83,886) and expenditure of £46,446 (2023 - £75,871) giving a surplus of £13,611 {2023 £8,011). This higher than usual sur-plus may be attributed to new and interesting music attracting good audiences and the nature of some concerts meant orchestra and 8ccompaniment costs were lower than in previous years. Members subscriptions and fees were increased at the start of this year and wherever possible costs have been reduced. Funds brought foNard at 1 September 2023 were £45,024 with funds to be carried forward of £58,635. Policy on Reserves The Trustees, reserves policy continues to be to have 8t least the equivalent of 3 to 6 months ex- penditure in unrestricted reserve at the end of the year, to ensure the future viability and continuation of the organisation in the event of significant losses on events, or cuts in future funding. This is equivalent to between £11,612 and £23,223 tsking this year's expenditure at £46,446. The unrestricted reserves at 31 August 2024 are £46,135 (2023 £33,024). This is above the target range and therefore satisfactory. Principal Funding Sources YPC'S concert pricing policy reflects our aim of enabling all within our community, whatever their means, to take part in our activits'es 2nd to attend ourconcerts. We achievathis with the support of our sponsors. Members, annual subscription levels also adhere to these principles but with the intention that they remaln sufflcient to cover rehearsal costs and contrlbute to other non-concert costs. Going Concem The Trustees consider that the provisions outlined in this report which have resulted in Net Current Assets of £58,835 (an increase from last years £45,024), and the choirs good and stable rnanage- ment, allows YPC to be confident that, as it did through Covid 19, it has everything in place to man-age future uncertainties. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {continuedJ Year ended 31 August 2024 The trustees, annual report was approved on 19 November 2024 and signed on behalf of the board of trustees by.. Mr D Howell Trustee
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees Year ended 31 August 2024 I report to the trustees on my ex8mination of the financial statements of Yorkshire Philharmonic Choir Limited ('the charity,) for the year ended 31 August 2024. Responslbilitles and basis of report As the trustees of the company land aSso its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity's accounts as carried out under section 145 of the Charities Act 2011 1.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 examinerfs statement I have completed my examination. I confim that no matters have Come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'tNe and fail view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Praclice 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 'n this report in order to enable a proper understanding of the accounts to be reached. Independent Examiner KRA Accountants Limited Elsie Whiteley Innovation Centre Hopwood Lane Halifax West Yorkshire HX15ER ofrKRA CHARTERED CERTIFIED ACCOUNTANTS ACCAfteg.Nts.1181104 . CtrTpaiiyRcg. No. 92729f)8 www.kro.occountonl>CO.vk
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2024 2024 Restiicted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and le9acies Charitable activities Investment income Other income 10,586 35.509 977 485 9,500 3,000 20,086 38,509 977 485 12,627 69,050 416 1,793 83,886 Total income 47,557 12,500 60.057 Expenditure Expenditure on charitsble activities Total expenditure 9.10 34.446 12,000 46,446 75.875 34,446 12,000 48,448 75,875 Net Income and net movement In funds 13,111 500 13.611 8.011 Reconclllatlon of funds Total funds brought forward Total funds carrled fOard 33,024 12,000 45,024 37,013 46,135 12,500 58.635 45,024 The statement of financial activities indudes all gains and losses recognised in the year. ASI income and expenditure derive from conlinuing activities. The notes on pages 10 to 17 forn) part of these financial statements.
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Statement of Financial Position 31 August 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 774 968 Current assets Stocks Debtors Cash at bank and in h8nd 15 16 360 15 48,084 597 63,249 64,694 48,459 Creditors: amounts falling due withln one year Net current assets 17 6,833 4,403 57,861 44.056 Total assets less current Ilabllltles 58.635 45,024 45,024 Net assets 58,635 Funds of the charity Restricted funds Unrestricted funds 12,500 46,135 12,000 33,024 Total charlty funds 19 58,635 45,024 For the year ending 31 August 2024 the charity was entitled to exemption trom audil under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with sects'on 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to aOUnting records 8nd the preparation of financial statemenls. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 19 November 2024, and are signed on beha of the board by.. ONEknJz Mr D Howell Trustee Mrs A Elcock Trustee The notes on pages 10 to 17 fonn part of these finan¢ial statements.
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 August 2024 General Informatlon The charity is a public benefit entily and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered Offi is 3 Newfield Avenue. Normanton, West Yorkshire, WF6 1SL. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basls of preparation Yorkshire Philharmonic Choir Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concem. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Fund accountlng Unrestricted funds are available for use at thè discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of sub-dasses.. restricted income funds or endowment funds. 10
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 31 August 2024 Accountlng policies (continuedj Incomlng resources All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of the income rec8ivable Can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfomiance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the Statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activtties that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. A51 costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned been the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impaiment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequenl accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that ha5 previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other re¢o9nised gains and losses on the statement of financial activities. 11
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financial Statements (Gontinued) Year ended 31 August 2024 Accountlng pollcles (contlnued) Depreciation Depreciation is calculated so as lo write off Ihe cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings 20 % reducFng balance Impalrnient of fixed assets A review for indicators of impairm8nt is carried out at each r8POrting date, with the recoverable amount being estimated where such indicators exist. Vvhere the carrying value exceeds the recoverable amount, the 8sset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaimient testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-genérating unit is the smallest identifiable group of assets that includes the asset and generates cash inf ows that largely independent of the cash inflows from other assets or groups of assets. For impaiment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, 811ocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Financlal Instruments A financial gsset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount retsivable or payable including any related transaction costs. Current assets and cutrent liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publidy traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. A51 other such investments are subsequently measured at cost less impairment. 12
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financial Statements (conflnued) Year ended 31 August 2024 Accounting policles (Continued) Flnanclal Instruments (continued) Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business temis or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Otherfinancial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reports'ng date. If there is objective evidence of impaimient, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the inib'al gain was recognised. For all equity instruments regardless of significance, and other fsnancial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Limited by guarantee The charity is controlled by its goveming document the memorandum and articles of 8SSOCi8tion and constitutes a limited company, limited by guarantee as defined by the Companies Act 1985. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations from companies, trusts and similar proceeds Donations from individuals Patrons Gift aid reclaimed 1,500 230 5,310 3,546 9,500 11,000 230 5,310 3,546 10,586 9,500 20,086 13
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 August 2024 Donations and legacles (contlnued) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations from companies, trusts and similar proceeds Donations from individuals Patrons Gift aid reclaimed 1,500 171 7.690 3,266 1,500 171 7,690 3,266 12,627 12.627 Charltable actlvltles Unrestricled Funds Restricted Total Funds Funds 2024 Concerts Sale of Merchandise Events and fundraising Bursaries Members subscriplions 13,325 1,706 1,380 13,325 1,706 1,380 3.000 19,098 3,CX)O 19,098 35.509 3,000 38,509 Unrestricted Funds Restricted Total Funds Funds 2023 Concerts Sale of Merchandise Events and fundraising Bursaries Membeffs subscriptions 22,654 2,848 5,678 17,000 39,654 2.848 5,678 3,000 17,870 3,000 17,870 49,050 20,000 69,050 Investment Income Unrestricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Snterest receivable on bank deposits 977 977 416 416 14
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financial Ststements (contlnued) Year ended 31 August 2024 other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income - General Other income - AP Retirement 485 348 1,445 348 1,445 485 485 1,793 1,793 Expenditure on charltable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Concerts Sale of merchandise Support costs 13,061 1,778 19,607 9,000 22,061 1,778 22,607 3,000 34.446 12,000 46,446 Unrestricted Funds Restricted Total Funds Funds 2023 Concerts Sale of merchandise Support costs 27,060 2,391 26,424 17,000 44,060 2,391 29,424 3,000 55,875 20,000 75,875 Support costs relate to concerts and tours as they comprise rehearsal and other running costs. 10. Expendlture on charitable activitles by actlvlty type Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Concerts Sale of merchandise Governance costs 22,061 1,778 21,589 43,650 1,778 1,018 72,510 2,391 974 1,018 23,839 22,607 46,446 75,875 11. Net Income Net income is stated after chargingl(crediting)'. 2024 2023 Depreciation of tangible fixed assets 241 15
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 12. Staff costs The average head count of employees during the year was Nil (2023: Nil). No employee received employee benefits of more than £60,000 during the year (2023.. Nil). 13. Trustee remuneration and expenses No trustees, nor any persons connected with them, received any remuneration, expenses or other benefits from the charity during the year. 14. Tangible fixed assets Fixtures and flttlngs Cost At 1 September 2023 and 31 August 2024 Depreclatlon At I September 2023 Charge for the year At 31 August 2024 Carrying amount At 31 August 2024 At 31 August 2023 9,575 8,607 194 8,801 774 968 15. Stocks 2024 2023 Raw materials and consumables 360 16. Debtors 2024 2023 Prepayments and 8ccrued income 597 15 17. Credltors: amounts falling due within one year 2024 2023 Accruals and deferred income 6,833 4,403 16
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Notes to the Financial Ststements (continu Year ended 31 August 2024 18. Deferred Income 2024 2023 Amount deferred in year 5,861 3,490 19. Analysls of charltable funds Unrestricted funds At 1 September 2023 At 31 August 2024 Income Expenditure General funds Designated Funds 28,078 4,946 47,557 (34,446) 41,189 4,946 33,024 47,557 (34,446) 46.135 At 1 September 2022 At 31 August 2023 Income Expenditure General funds Designated Funds 20,067 4,946 63,886 (55,875) 28,078 4,946 25,013 63,886 (55,875) 33,024 Restrlcted funds At 1 September 2023 At 31 August 2024 Income Expenditure Restricted Funds 12,000 12,500 (12,000) 12,500 At 1 September 2022 At 31 August 2023 Income Expenditure Restricted Funds 12,000 20,000 (20,000) 12,000 17