Charfty regl8tration number 11318771England and Wala$) ST BARNABAS PRE4CHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ST BARNABAS PRE4CHOOL LEGALAND ADMINISTRATIVE INFORMATION Trustsos S Pike P Worrell A Leach N Barnes K Taylor-Ma80n V Glll L Cowley Managor T Tllbury Charlty number 1131877 Prlnclpal addrn•• St Barnabas Church Hall Queens Square Ad8yfield Hemel Hempstead HP2 4HY Indep•ndont •xamlngr John Wl8on FCAATII Howard Wlson Chartèréd Accountants 36 Crown Rlse Watford Hertfordshlre IND25 ONE
ST BARNABAS PRE-SCHOOL CONTENTS Pagg Trustees, report Independent examinefs report Statement of tlnancial activities Balance sheet Noles to the financial statements 8-13
ST BARNABAS PRE-SCHOOL STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for preparing th8 Trustees, Report and the accounts In accordance with applicable law and United Klngdom Accounting Standards (Unlted Klngdom Generally Accepted Accounting Pradice) The law applicable to charltles In England and wal requir8S the trustees to prepare accounts for each financlal year which give a true and falr view of the State of affairs of the charfty and of the InrnIng resources and application of resources of tha tharity for that year. In preparing Ihese accounts, the trustees are requlred to: select sultabla accounting pollcies and then apply them ¢$[StentIy. observe the methods and prfnclples In the Charltles SORP; make judgements and estlmates that are reasonable and prudent state whether appllcable accountlng standards hav8 been followed, sublect to any material departures disdosed and explained In the accounts: and prepare the 8ccount8 on the golng conc8m bas18 unless li Is Inapproprlate to presume that the charlty wlll contlnue In operation. The trusteas are responslbla for keeplng sufficlent accountlng records that dlsclose wllh reasonable accuracy at any tlme the financlal posltlon of the tharity and enable them to ensure that Ihe accounts comply with the Charilles Act 2011, the Charlty (Accounts and Reports) Regulatlons 2008 and the provislons of the trust deed. They are also responsible for safeguardlng the assets of the ¢harlty and hence for taklng raasonable Steps for the prev6ntion and detection of fraud and other Irregularltle8. The law applicable to charilles In England and Wales requires the twstees to prepare financlal statements for each financlal year whlch gNe a true and falr vlew of the State of affalrs of the charlty and of the Incomlng resources and applicatlon of resources of Ihé charlty for that year. In preparing these financlal 8talement8. the trustee$ are requlred to: - select suitable accountlng policies and then apply them cst$t8ntly. obseNe the methods and principles In the Charities SORP; make judgements and estlmates that are re880nable and prudent; state whether applicable accounting standard8 have been followed, sublect to any mater181 departure8 dlsdo$¢d and explained in the financial statements., and prepare the flnanclal statements on the golng concern bas18 unle881118 Inappropriate to presume that the charity wlll continue In operatlon.
ST BARNABAS PRE4CHOOL TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thelr annual report and fjnanclal statements for the year ended 31 March 2025. The finandal statements have been prepared In accordance with the accountlng pollcies set out In note 1 to the financial statements and comply with the tharity's governing document, the Ch8rities Act 2011. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charltles SORP 'Accounting and Reporting by Charitles: Statement of ReMrnended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland {FRS 102)" Objectives and actlvltles The charitys objects are to enhance the development and education of chlldren prlmarily under statutory school age by encouraging parent5 to understand and provide for the needs of their ¢hlldren through communlty groups and by: offering approprlate play, education and care facllities, famlly leaming and extended hours groups. together with the right of parents to take responsibility for and to become involved in the activitr'es of such groups, ensuring that such groups offer opportunities for all children whatever their ra&8, culture, rellglon. means or abllity: encouraglng the study of the needs of such chlldren and thelr famllles and promotlng publlc Interest in and recognition of such needs in the local areas; instigating and adhering to and furthering the aims and objects of the EYFS Stalutory Framewor The pollcles adopted In furtherance of these objects are set out In a Parent Welcome Pack that all parents receive when their Child starts at the Pre-school. Publlc benefft The trustees have paid due regard to guidance issued by the Charlty Commlsslon in decidlng what activities the charity should undertake and are guided by the EYFS Statutory Framework. Actlvities During the period the Pre-school provided classes for children aged 2 years to 5 years. The Pre-school provides wide range of planned adult and child led activities to enhance the children's development in all areas. The pr school proNlldes a safe and stimulating environment where all children are supported and encouraged to reach their full polential. Achlevements and performance Significant aGtivities and achievements agalnst objectlves At the end of the financlal year we had 16 staff. 9 quallfied to level 3, 1 to level 5 and 1 at Degree18vel. 1 completed her Level 3 during the financial year. And 2 have signed up and currently training. Just at the end of Ihe financlal year, 1 colleague left and 1 colleague slepped down from her Senior role. We started the next financial year, April 2025 wth a new Senior team. Nursery availabillty: The nursery had 21 chli dren reglstered. Although. aftemoons not full. it was a dilTicult cohort. 4 Staff scheduled all day. 1 child with 1.1 support. Pre-school availability: 24 in the morning, aftemoons vary but not full. Lots of new starters In September 2024. AII had home vlslts which feel Is of benefft. 59 children in total at the eThl of Ihe financial year- March 2025. All child Proteciion training ts up to dat8. By the end of the financlal year. all staff were Paediatric first aid trained.
ST BARNABAS PRE4CHOOL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Last year. we developed a programme of small groups sesslons partlculatly supporting Chlldren wlth communicatlon. We have contlnued to do these and use a lot of our EYPP money towards Ihls. We have one colleague also doing football training and one colleague dolng dancing actlvities in the pre-school. During the year the folbwing tralning took place: Intenslve interactlons and people games x 2: Therapeutlc approach training x3,' Earfy years communication x 2. Sensory circuits. Structured teachlng approach; Connectlng through play: Key personlsen training. Spring drstrict workshop. In September 2024 we lolned Tapa8tryJournal.com mainly to complete Involclng and regS8ters as It was cheaper than are usual system. We quickly dedded to use the system for childrgn's leamlng Journals. ThSs has saved us money and staff 8ffl¢lency. Parents can also sea obsarvatlon8 Immedlately. Accklents ara also record8d onllne. In the future, thls wlll mean a lot less stored papeDNork. Fundralslng In Summer 2024. We raised around £600 through our sponsored obstacle course and school photographs. Parents really enjoyed gettlng involved with the obstade course. We purchased new toys for the children Includlng karaoke machlne, small world toys- police statlon and vets, tlmers, Barble dolls, cushlons for the book area, magnetlcs, Popokls, Bluey character8 and a Peppa plg pool. In Dec¢mber 2024, we ralsed £100 through Chrf8tmas raffle and hampers. We purchased 3 new blkes. There was a planned Increase In Nl cost8 and rise In mlnlmum wages for Aprll 2025. The Local Authorlty advlsed to look at donallons for food and other such item¥. INe Introduced such a charge but then the Govemment put reylridlons on Ihls. We now charge a mlnlmal voluntary donatlon of £1 per week for EYPP famllles. £2.50 per week for 15 hour8 funded and £5 per week for 30 hour funded. We have to make It clear how the money Is used.. food, wlpe8.118sue8, extracurrfcular actSvliles, napples and 8un ¢ream are the only p088lble optlon8. Flnan¢lal revbow Durlng the perlod the charlty reported a Surplus of £47.055 (2024 - deficlt of £11,621). The results are In Ilne wlth the TnJste88 expactallons and wlll allow the charfty to contlnually revlew It's resources and add to them a8 necossary. EYPP was used to pay for staffing alone and allowed us lo give chlldren qul¢ter small group sesslons to 8UPPOrt their speech. This Is instead of uslng It for Dlnky Dancers, Football tralnlng and Llttle Clty. The TfUStee$ commission an Independent accountant to asslst wlth the management of Ihe accounthg 8y8t8m and to support wllh the provl8ion of monthly reports and finandal 8dvi¢e. R8S8Thes pollcy It is the pollcy of Ihe charity thal unrestricted funds whlch have not been designated for a specific usa should be malntained at a level aquivalent to between three and six month's expondlture. The charity has achleved thSs objective Such that in the event of a slgnificant drop In fundlng, they wlll be able to continue the charitys current activitle8 whila conslderalJon18 glven to way8 In whlch addltlonal funds may be raised. The Trustees consider th8 reseples to be at the right level and intend to malntaln the stalus quo. In order to asslst with the protection of the future of the charlty, the Pre-school 18 implementlng a number of minor changes, to be effectlve from September. These Include: - and Increase fees In September form £6 to £7 per hour. introducing a charge for Breakfast Glub5 to allow statutory funding to be used towards the core activities of the charlty. revlewing the purchasing within the charlty and limiting these towards essentlal resources. a review and reducllon to any slaff dlscount awarded, bul also reviewlng staffing to ensure any all trainlng Is kept up to date and relevant towards the intake.
ST BARNABAS PRE-SCHOOL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Majorrfsks The trustees have a&8essed the major rfsks to whlch the charlty Is exposed, and are satlsfied that systems are In place to rnltigale exposure to the ma5or rfsks Indudlng financial management systems and educational systems as requlred by Ofsted; one of the trustees takes responslbllity for supportlng the manager on related educatlonal matters. Plans for future perlod8 Looking ah8ad to future perlods, the tharity Is continuing look to ways where It can Invest In a number of keys. including staffing, resources for the chlldren who attend and to further enhance the outdoor areas to asslst wlth the educatlon and development of the chlldren. The charfty has set aslde some of Its unrestrfcted resources for thls purp050. Structurn. govornanco and management The charlty was establlshed wlth a constltutlon based on that recommended by the Pre-school Leamlng Alllan¢e on 30th June 2009. The tru8tee8 who served durlng the year and up to the date of 81gnature of the flnand818tatements were: S Plke P W¢rro11 A Leach N Bame8 K Taylor-Ma8on VGII L Coknrfey Recwltment 8nd appolntment oltmstees Trustaes were recruad from the local church (host of the Pr&School) and parents of chlldren who attend the Pre- School: the Chalr was recrulted separately by InvStatlon. Organlsallon81 stnjctu The Irusteeg employ a manager who has a deputy as well 88 iwo 8enlor praGtltloner6 as well a8 the necessary number of staff. Rel8tlonshlp wllh relat8dpartles There 8re no related partles. The stees, report was approved by the Board of Trustees. ike Trusts 9 October 2025
ST BARNABAS PRE4CHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST BARNABAS pRECHOOL I report to the trustees on my èxamination of the finan(xal statements of St Bamabas Pre-school (the charity) for the year ended 31 March 2025. Respon8lbllltle• and ba818 of report As Ihe trustees of Ihe charity you a responsible for the preparatlon of the financial statements In accordancg wlth the requlrements of the Charities Act 2011. I report In respect of my examlnatlon of the charlty's finandal 8talements can1ed out under section 145 of the Charities Act 2011. In carrylng out my examinatlon I have followed the Directions gfven by the Charity Commlsslon under section 145(5)(b) of the Charitles Act 2011. Indepondent oxamlnerf8 8tatsm•nt Since the charity's gross Income exceeded £250,000. the Independent examlner mu8t be a member of a body118ted In section 145 of the Charltle8 Act 2011.1 confirm that l am qualified to undertake the examlnatlon because l am a member of [ENTER IN DATABASE cy1015], whSch 1$ one of the listed bodles. Your attention 5$ drawn to the fact that the charity has prepared the financial statements In accordan¢a wlth the relevant version of the Statement of Recommended Practlce appllcable to charilles preparlng thelr financlal statements In accordance wlth the Flnanclal Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) In preference to the Accountlng and Reporting by Charftl88: Statement of Recommended Practice Issued on I April 2005 vthich Is referred to In the extant regulatlons but ha8 now been wlthdrawn. l understand that thls has been done In order for th8 financlal statemenls to provlde a true and fair vlew In accordance with UK Generally Accepted Accountlng Practlce. I have completed my examlnatlon. I confimi that no matters have come to my attentlon In connectlon wlth the exarninallon glvlng me cause to belleve that In any material respect: aCUnting records were not kept In respect of Ihe tharlty 88 requlred by Secilon 130 of the CharltSes Act 2011. the financlal statements do not accord wlth those records; or the finandal statements do not comply wlth the appllcable requlrements con¢emlng the fom) and content of financlal statements set out in the Charlties {A(xounts and Reports) Regulallons 2008 oth8r than any requlremant that Ihe financlal 8tatem6nt8 gEve a true and fair vlew, whlch is not a matter con81dered as part of an indoperKlent oxamhatlon. I have no concems and have come across no othér matter8 In connection wlth the examlnailon lo whlch attentlon should be drawn In thls reporyin order to enable a proper understsndlng of the financlal statements to be reached. John Wllgon FCA ATII Howard Wilson Charterad Accountants 36 Crown Rlse Watford Hertfordshire WD25 ONE 9 October 2025
ST BARNABAS PRE4CHOOL STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestr5cted Unrestri¢tod funds funds 2025 2024 NotOS Income and endowments from: Donations and legacies Charitable activities Investments Other Income 2.493 290,272 572 475 236 238,329 Total income 293,812 238.565 ExpendSturg on: Chartiable activities 246,757 250.186 Total expendlture 246.757 250.186 Net Incomel{expenditure) and movement In funds 47.055 {11.621) Reconclllatlon of funds: Fund balances at 1 Apnl 2024 104,255 115,876 Fund balances at 31 March 2025 151.310 104,255 The statement of financlal activitles includes all gains and losses recognised in the year. Al income and expenditure derive from continuing aclivitse&
ST BARNABAS PRE4CHOOL BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand 12 793 157,027 110,527 157.820 110,626 Creditorn: amounts falllng du8 withln one year 13 {6.510) (6,371) Net current assets 151,310 104.255 The funds of the Charity Unrestricted funds 16 151,310 104.255 151,310 104.255 fjnancial statements were approved by the trustees on 9 Octob0r 2025 SPI Trustee
ST BARNABAS pRECHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AcGountlng pollcle8 Charlty Infornmtlon St Bamabas PrfrSchool18 an unincwrated qarity. 1.1 Accountlng conventlon The financial statements have be prepared In ac)rdanCe with the charitls govemlng document, the CharitTres Ad 2011 and 'Accounting and Report6n9 by Charities". Statement of Recommend8d Practice appllcable to charities preparing their accounts in accorda wlth the Flnancial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102>" (as amended for accountlng perlod5 commencing from 1 January 2018). The cartty Is a Publlc Benefit Entity as defined by FRS 102. The charlty has tsken advanlage of the proMslons In Ihe SORP for tharliles applylng FRS 102 Update Bulletln 1 not to prepare a Statement of Cash Flows. The financlal statements have departed from the Charlues {Accounts and Reports) Regulatlons 2008 only to the extent requlred to provlde a true and falr vlew. This departure has involved following the Statement of Recommended Prarti for tharities applylng FRS 102 rather than the verslon of the Statemont of Recommended Practlce whtch is refoffed lo in the Regulaon$ but whlch has 31nce been wIuraWn. The financial statement8 are wepared In sterflng. whlch Is th• fun¢Xlonal rrencY of the charlty. Monetary amounts In these finandal statements are rounded to the n8are81 £. The finandal statements have been prepared undw the hlstorlcal cost conventbn. The prlndpal aCc(ntIng pdldes adopted are set out below. 1.2 Golng concern Al the time of approvlng the flnandal statements, the tru8tee8 have a reasonable expectalk)n that the charlty has adaquate resources to continue in operational exlstencts for the f¢xeseeable fiAure. Thus the trustees conilnue to adopt the golng concern basls of accountlng In preparfng the financlal statement& 1.3 Charftablo fund• Unrestricted funds are avallable for use ai the dlscrelion of the tfusteos In fvrtheranco gf thelr thafltable oblectlves. 1 A Incom• Income Is recognlsed when the charty Is legally entlded to it after any perf0mnCe condifjons have been met. the amounts con be measured reliaPAy, and li is prob8bl8 that income will be received. Cash donations are re(x)gnised on re(xipt. Other donalions are recognised once tho charity has been nolified of the donation. unless performance conditions requlre deferral of the amount. Income tax recoverable In relatlon to donatlons received under Gift Aid or deeds of ¢ovgnant ts recognlsed at the Ilme of the donation. 1.5 Expendlturn Resources expended are Induded In the Statement of Finan(ial Actlvltles on an accruals basls Induslve of VAT 1.6 Cash and cash equlvalents Cash and cash equivalents Indude cash kn hand. deposits held at call with banks, other short-lem) liquid Investments with origlnal maturities of three months or less. and bank overdrafts. Bank overdrafts are Shown wlthin borrowlng$ In current liabilities.
ST BARNABAS PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnued) 1.7 Flnanclal Instrumentg The charity has elected to apply th8 provlslons of Section 11 'Basic Flnandal Instruments, and Section 12 'Other Flnancial Instruments Issues. of FRS 102 to all of Its financial instruments. Finandal Instruments are recognl8ed In the charlty's balanc8 sheet when the d)arlty becomes party to the contractual provislons of the Instrument. Flnancjal assets and Ilabllltles ara offset, wtth the net amounts presented In Ihe flnand81 statements, when there Is a legally enforceable rlght to set off the recognised amounts and there Is an Intention to settle on a nel basls or to realise the 8888t and settle th8 Ilablllty slmultaneously. Baslo Ilnanclal as8ets Baslc finan¢lal assets, whlch Include debtors and cash and bank balance8, are Inltlalty m&a¥ured at transactlon prlca Includlng Iransactlon costs and are subsequently carrled at amortised cost uslng the effectlve Interest method unless th8 arrangement constltutes a flnanclng transactlon, where th8 transaclion Ss measured at the present value of the fvture receipts dlscounted at a matl(8t rate of Interesl. Flnancial asset8 classlfied as recelvable wlthln one year are not amortlsed. Ba8le Ilnanclal Ilabllltles Ba81c financlal IlabS1ities, Indudlng credltors and bank loans are Inltlally recognlyed at transactlon prlca unles$ th8 arrangement constitute$ a financlng transaction, where th8 debt Instrument Is measured at the present value of the fvlure payments dlscounted at a market rat8 of Interest. Flnanclal Ilab115ti88 da$sified as payable wlthln one year are not amortised. Debt In8trument8 are subsequently carrled at amorti$8d ¢081, uslng the effectlve Intérèst rate method. Trade creditors are obllgatlons to pay for goods or SerceS that have been acqulred In the ordhary course of operatlons fmm suppller8. Amounts payabb are dasslfied as currenl1Sabilltles If payment Is due wlthln one year or less. If not. they are presented as non•current Ilablllties. Trade creditors are recognlsed Inttlally at transactlon prf¢e and subsequantly measured at amortlsed cost using the effectlve Interest method. D•rncognltlon of Ilnanclalllabllltle$ Flnancial liabilities are derecognised when the charlty's contractual obllgadons explre or are dlscharged or ancelled. 1.8 Employee beneflts The cost of any unused holSday entltlement Is recognSsed In the period In whlch the employee'8 servlces are recelved. Temjinatlon benefits are r•co9nised immedlately as an expense when the charlty Is demonstrably comrnitt8d to tem)inate the employment of an empk)ye8 or to provide termination benefits. 1.9 Retlrement benefits Payments to defined ContrirtIOn retlrement benelli sthemes are charged as an expanse a8 they fall du8. 1.10 Crndltorn and provlsloni Creditors and provislons are cognIsed where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thlrd paty and the amount due lo settle the obligation can be measured or eslimaled reliably. Creditors and provisions are nomally recognised at their settlement amount after allowiNJ for any trad8 dlscounts due.
ST BARNABAS PREcHOoL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crftlcal accountlng estlmates and Judgements In the application of the tharlVs 8ccountlng pollcles, the trustees are requlred to make Judgements, estlmates and assumptions about the carrying amount of assets and liabilities that are not readlly apparent from other sources. The estlmates and associated assumptlons are based on historical experience and other factors that are Gonsldered to be relevant. Actual results may differ from these estlmates. The estlmates and underlylng assumptlons are revlewed on an ongolng basls. Revlslons to accountlng esllmates are reco9nised In the period In vthlch the estimate Is revlsed where Ihe revlslon affects only that perfod. or In the perlod of the revlslon and future perlods where the revlslon affects both current and future perlod8. Income from donatlons and legaclos Unrnstrlcted Unre8trlcted fund8 fund8 2026 2024 Donatlon8 and g1ft8 2,493 238 Income from charftsbl• a¢tlvllle8 Unre8trl¢tsd Unr•8trfctsd fund8 funds 2026 2024 Pr&School Fees- Local Authorlty Pr&School Fees - Prlvate 269,987 20,305 211,081 27,288 290.272 238,329 Incom• from Investments Unrestrl¢ted Unrestrlcted funds funds 2025 2024 Interest re1Vable 572 10-
ST BARNABAS PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other Income Unrnstricted Unrestricted funds funds 202S 2024 Other income 475 Expendlture on charftable actlvltles 2025 2024 Slaff costs Training Premises costs Equipment Repairs and maintenance iJ)8ts Legal and professional costs General expenses Office costs Accountancy costs 207,809 205,933 1.589 29.174 7.599 100 368 2.739 1,284 1.440 26,637 5.795 175 320 1.788 1.829 246,757 250,186 Analysi8 by fund UnrestriGted funds 246.757 250,186 Net movement In funds 2025 2024 The net movement in funds is slated after chargingl(ueditlng): Fees payable for the Independent examlnation of the charity's financial statements 1,440 1.440 Trustees None of the trustees (or any persons connected wlth them) received any remuneration durlng the year. 10 Employees The average monthly number of employees during the year was: 202S Number 2024 Number Direct Charitable 17 18 11
ST BARNABAS pRECHOOL NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employe98 (Contlnuodl Employment costs 2025 2024 Wages and sa18ries Social security costs Other pension costs 201,188 3.910 2,713 200,386 3.166 2,381 207.809 205.933 There were no employees whose annual remuneratlon was more than £60.1)00. 11 Taxatlon The charfty Is exempt from taxatlon on Its aclivltles because au lis Income Is applled lor charltable purposes. 12 D•btorn 2026 2024 Amount• lalllng du• vAthln on• y•ar. Other debtors 793 99 13 Credltorn: amounts falllng du• wlthln on• y•ar 2025 2024 Other taxallon and sodal 8ecurlty Other uedltors Accnjals and deferTed Sncorne 4,040 132 2,199 702 1.860 8,510 6,371 14 Retlrement benofft SGhem 2026 2024 Dellned contrlbutlon 8ch•m•8 Charge to profil or loss in respect of defined contribution schem8S 2,713 2.381 The charity operates a defined contribution pension scheme for all quafifylng employees. The of the scheme are held separately from those of the tharty In an indewdenty administered fund. 12-
ST BARNABAS PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Unrestrlctsd funds The unrestrfded funds of the charlty rMpriSe the unexpended balances of donatlons and grants whlch are not subject to speclfic ndiOnS by donors and grantors as to how they may be used. These indud8 deslgnated funds wthich have been set aside out of unrestrlcied funds by the trustees for specifjc purposes. At 1 Aprfl Incomlng R•8ources 2024 resources oxpended Tran8fer• At 31 March 2025 Slaff Development and TrnIng Fund Graduate Leader Fund ECAT Premisès and Garden Fund General funds 49.229 5,887 10.771 4.113 (6,000) 10.000 (18.884) 60,000 10,000 10,000 71,310 43.139 293,812 (246,757) 104,255 293,812 (246.757) 151,310 Prevlou8 y••r At 1 Aprll Incomlng Resourc 2023 rn•our¢•s expendad Trnnsfern At 31 March 2024 Development and Tralnlng Fund Graduate Leader Fund ECAT General funds 49.229 5,887 49,229 5,887 e,OCM) 43,139 54,760 238.565 (250,186) 115,876 238.585 (250.188) 104.255 16 Relat•d party tran¢dOn• There were no disclosable related paty transacilons dumg the year (2024 - none). 13-