**Charity registration number 1129560**
**Company registration number 06874791 (England and Wales)**
## **EXETER COMMUNITY TRANSPORT ASSOCIATION**
**(A COMPANY LIMITED BY GUARANTEE)**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mrs J A Gale Mr W P Williams Mr G J Prowse Mr C P Norton Mrs C M Hunt Ms B E Denning (Appointed 16 January 2024) Mr R Hill Ms J M Newton (Appointed 16 January 2024)
**Secretary** Mrs E S Steele **Charity number** 1129560 **Company number** 06874791 **Registered office** 8-10 Paris Street Exeter Devon EX1 1GA **Accountants** Darnells Chartered Accountants 3rd Floor The Forum Barnfield Road Exeter Devon EX1 1QR
## **EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) CONTENTS**
||**Page**|
|---|---|
|Trustee's report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the accounts|6 - 14|
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEE'S 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 association's Memorandum and Articles of Association dated 9 April 2009, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016).
## **Objectives and activities**
The trusts objective is to provide mobility aids to assist the disabled residents of Exeter and the surrounding district.
The trust have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
The activity of the charity is that of running and maintaining a fleet of mobility vehicles based in Paris Street, Exeter in furtherance of its objectives as detailed above.
## **Achievements and performance**
The trust has endeavoured to maintain the provision of mobility services under difficult economic conditions and is indebted to its dedicated band of staff and volunteers in achieving this.
## **Financial review**
It is the policy of the association 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 trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the association’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has increased this year.
## Risk management:
The trust has assessed the major risks to which the trust is exposed, and is satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The trust 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.
The trustees, who are also the directors for the purpose of company law, and who served during the year were: Mr I J Martin (Resigned 16 November 2023)
Mrs J A Gale Mr W P Williams Mr G J Prowse Mr C P Norton Mrs C M Hunt Ms B E Denning (Appointed 16 January 2024) Mr R Hill Ms J M Newton (Appointed 16 January 2024)
## Recruitment and appointment of trustees:
Under the requirements of the Articles of Association, all trustees retire annually and are eligible for re-election at the next Annual General Meeting.
All the trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed by the trustees from the charity are set out in note 9 to the financial statements.
Organisational structure: The charity is administered by Mr Michael Ellis, General Manager, who reports to the trustees.
- 1 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEE'S REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024**
On behalf of the board of trustees
**Mrs J A Gale** Trustee Dated: 15 October 2024
- 2 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF EXETER COMMUNITY TRANSPORT ASSOCIATION**
I report on the financial statements of the association for the year ended 31 March 2024, which are set out on pages 4 to 14.
## **Respective responsibilities of trustees and examiner**
The association’s trustees, who are also the directors of Exeter Community Transport Association for the purposes of company law, are responsible for the preparation 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:
- (i) examine the financial statements under section 145 of the 2011 Act;
- (ii) 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
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's 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 statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning 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 to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner'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:
- (i) to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- (ii) to prepare financial statements which accord with the accounting records, comply with the accounting 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, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Sean Murphy Darnells Chartered Accountants
3rd Floor The Forum Barnfield Road Exeter Devon EX1 1QR
Dated: 18 October 2024
- 3 -
## **EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
65,766
-
Charitable activities
**5**
65,602
-
Investments
**4**
1,324
-
Other income
**6**
150
-
**Total income**
132,842
-
**Expenditure on:**
Charitable activities
**7**
127,571
9,776
**Net income/(expenditure) for the year/**
**Net movement in funds**
5,271
(9,776)
Fund balances at 1 April 2023
33,638
118,450
**Fund balances at 31 March 2024**
38,909
108,674|**Total**
**2024**
**£**
65,766
65,602
1,324
150
132,842
137,347
(4,505)
152,088
147,583|**Total**
**2023**
**£**
61,997
60,683
459
60
123,199
139,697
(16,498)
168,584
152,086|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET**
## **AS AT 31 MARCH 2024**
|**Notes**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**17**
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension liability**
**The funds of the association**
Restricted income funds
**18**
Unrestricted funds|**2024**
**£**
7,677
69,362
77,039
(10,155)|**£**
80,699
66,884
147,583
147,583
108,674
38,909
147,583|**2023**
**£**
8,421
62,758
71,179
(11,608)|**£**
92,515
59,571|
|---|---|---|---|---|
|||||152,086|
|||||152,086|
|||||118,448
33,638|
|||||152,086|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not 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 accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 15 October 2024
Mrs J A Gale **Trustee**
Company registration number 06874791 (England and Wales)
- 5 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
## **Charity information**
Exeter Community Transport Association is a private company limited by guarantee incorporated in England and Wales. The registered office is 8-10 Paris Street, Exeter, Devon, EX1 1GA.
The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liabilty in respect of the guarantee is limited to £10 per member of charity.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the association's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The association is a Public Benefit Entity as defined by FRS 102.
The association has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the association. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the association has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charitable objectives.
Restricted 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 the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the association.
## **1.4 Incoming resources**
Income is recognised when the association is legally entitled to it after any performance conditions have been met, 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 association has been notified of the donation, unless performance conditions require deferral of the amount. Income tax 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 receipt or otherwise if the association has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts.
- 6 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
## **(Continued)**
## **1.5 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings 25% straight line basis Plant and machinery 6 years straight line basis Computers 25% reducing balance basis Motor vehicles 25% straight line basis/10% 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 statement of financial activities.
## **1.7 Financial instruments**
The association has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the association's balance sheet when the association becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, 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.
## **Basic financial 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 the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 7 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
## **(Continued)**
## **Basic financial liabilities**
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within 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 cost using the effective interest method.
## **Derecognition of financial liabilities**
Financial liabilities are derecognised when the association’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the association’s accounting policies, the trustees 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 assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **Depreciation**
The main estimate is the depreciation policy applied to motor vehicles and mobility scooters.
## **3 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Donations and gifts|65,766|61,997|
|All donations and legacies were received from donors within the United Kingdom.|||
## **4 Investments**
||**2024**|2023|
|---|---|---|
||**£**|£|
|Interest receivable|1,324|459|
- 8 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **5 Charitable activities**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Grants - ECTA|22,683|19,385|
|Grants - 4R's project|15,000|15,000|
|General charitable activities|27,500|25,238|
||65,183|59,623|
|**Other income**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**2024**|2023|
||**£**|£|
|Other income|||
||150|60|
|Other income includes the following:|||
|ECTA £150 (2023: £60)|||
## **6 Other income**
- 9 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **7 Charitable activities**
|**Restricted**
**funds**
**Unrestricted**
**funds**
**2024**
**2024**
**£**
**£**
Depreciation and impairment
9,776
-
Activities undertaken directly
-
746
Volunteer and employee expenses
-
3,925
Computer expenses
-
5,004
9,776
9,675
Share of support costs (see note 10)
-
114,896
Share of governance costs (see note 10)
-
3,000
9,776
127,571
**Analysis by fund**
Unrestricted funds
-
127,571
Restricted funds
9,776
-
9,776
127,571
**For the year ended 31 March 2023**
Unrestricted funds
-
129,921
Restricted funds
9,776
-
9,776
129,921
**8**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
**9**
**Trustees**||**Total**
**2024**
**£**
9,776
746
3,925
5,004
19,451
114,896
3,000
137,347
127,571
9,776
137,347
**2024**
**£**
12,284|**Total**
**2023**
**£**
9,776
891
4,287
6,121|
|---|---|---|---|
||||21,075
116,408
2,214|
||||139,697|
||||129,921
9,776|
||||139,697|
||||129,921
9,776|
||||139,697|
||||**2023**
**£**
14,281|
|||||
No trustees received reimbursed expenses in the year.
- 10 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **10 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
77,008
-
Depreciation
2,508
-
Bank charges
628
-
Rates and water
383
-
Insurance
4,740
-
Printing, postage and stationery
1,492
-
Light and heat
6,107
-
Repairs
7,344
-
Sundry
158
-
Telephone
1,477
-
Motor expenses
12,823
-
Staff and volunteer expenses
228
-
Accountancy
-
3,000
Legal and professional
-
-
114,896
3,000
Analysed between
Charitable activities
114,896
3,000|**2024**
**£**
77,008
2,508
628
383
4,740
1,492
6,107
7,344
158
1,477
12,823
228
3,000
-
117,896
117,896|2023
£
76,175
4,505
376
334
2,959
792
4,206
7,907
230
4,169
13,659
1,018
2,214
78|
|---|---|---|
|||118,622|
|||118,622|
Governance costs include accountancy fees of £3,000 (2023- £2,214).
## **11 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
||6|6|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|77,008|76,175|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
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**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **12 Ring and ride Income and expenditure**
The income and expenses of the association is derived from a number of activities, one of which is the Ring and Ride bus service which constitutes 4.3% of the total income (2023: 3.2%). Similarly, the expenditure relating to the Ring and Ride service constitutes 26.8% (2023: 15.3%) of total expenditure.
## **13 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **14 Tangible fixed assets**
|**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation and impairment**
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023|**Land and**
**buildings**
**Plant and**
**machinery**
**Computers Motor vehicles**
**£**
**£**
**£**
**£**
2,988
42,531
24,070
111,880
-
-
468
-
2,988
42,531
24,538
111,880
2,988
37,313
19,253
29,400
-
1,898
1,243
9,143
2,988
39,211
20,496
38,543
-
3,320
4,042
73,337
-
5,218
4,818
82,480|**Total**
**£**
181,469
468|
|---|---|---|
|||181,937|
|||88,954
12,284|
|||101,238|
|||80,699|
|||92,515|
- 12 -
## **EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**15**
**Financial instruments**
**Carrying amount of financial liabilities**
Measured at amortised cost
**16**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**17**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Accruals and deferred income|**2024**
**£**
8,748
**2024**
**£**
7,677
**2024**
**£**
1,407
2,734
6,014
10,155|**2023**
**£**
10,413|
|---|---|---|
|||**2023**
**£**
8,421|
|||**2023**
**£**
1,195
602
9,811|
|||11,608|
## **18 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**Balance at**|**Resources**|**Balance at**|
|---|---|---|---|
||**1 April 2023**|**expended**|**31 March 2024**|
||**£**|**£**|**£**|
|Bus fund|41,506|(9,143)|32,363|
|Cabin car and scooters fund|10,424|(633)|9,791|
|New bus fund|66,520|-|66,520|
||118,450|(9,776)|108,674|
## **Bus fund**
Bus fund represents money raised for the purchase of our own bus to end reliance on the bus leased from Devon County Council.
## **Cabin car and scooters fund**
Represents funds raised for the purchase of cabin car and scooters.
- 13 -
**EXETER COMMUNITY TRANSPORT ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **19 Unrestricted funds**
The unrestricted 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 specific purposes.
|||**At 1 April**||**Incoming**||**Resources**|**At 31 March**|
|---|---|---|---|---|---|---|---|
|||**2023**||**resources**||**expended**|**2024**|
|||**£**||**£**||**£**|**£**|
||General funds|33,638||132,842||(127,571)|38,909|
||**Previous year:**|**At 1 April**||**Incoming**||**Resources**|**At 31 March**|
|||**2022**||**resources**||**expended**|**2023**|
|||**£**||**£**||**£**|**£**|
||General funds|40,360||123,199||(129,921)|33,638|
|**20**|**Analysis of net assets between funds**|||||||
|||**Unrestricted**||
**Restricted**||
**Total**|Total|
|||**funds**||**funds**||||
|||**2024**||**2024**||**2024**|2023|
||||**£**||**£**|**£**|£|
||Fund balances at 31 March 2024 are|||||||
||represented by:|||||||
||Tangible assets|6,011||74,688||80,699|92,515|
||Current assets/(liabilities)|66,884|||-|66,884|59,571|
|||72,895||74,688||147,583|152,086|
## **21 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 14 -