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← Laira Green Trust

2023-12-31-accounts

Company registration number: 07110815 Charity registration number: 1136071

Laira Green Trust

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2023

LA WESTCOTTS CHARTERED ACCOUNTANTS & BUSINESS ADVISERS

Laira Green Trust

Contents

Reference and Administrative Details 1
Trustee’ Report 2to6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
NotestotheFinancialStatements 10to19

Laira Green Trust

Reference and Administrative Details

Chairman Ms C Kilpatrick Trustee Ms C Edwards Ms C Kilpatrick Mrs S Weils Secretary Mrs S Wells Charity Registration Number 1136071 Company Registration Number 07110815

The charity is incorporated in England and Wales. Registered Office Laira Green Primary Bramley Road Laira Plymouth Devon PL3 6BP Independent Examiner Matthew Keane ACCA Westcotts (SW) LLP Plym House 3 Longbridge Road Marsh Mills Plymouth Devon PL6 8LT

Page 1

Laira Green Trust

Trustee’ Report

The trustee, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2023.

Structure, governance and management

Nature of 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.

Recruitment and appointment of trustee

Trustees are recruited from the local community and this is achieved by local advertising.

Induction and training of trustee

Upon commencing Trustees are given a welcome pack to follow and are also guided by existing trustees on various matters relating to the Trust.

Organisational structure

Mrs C Kilpatrick is the Chair of the Laira Green Trust and, alongside the Board of Trustees, oversees the running of the Trust whilst the day to day running of the Pre-school and Wraparound Care is left to the Manager Miss Natalie Landricombe who is support by a Deputy and other staff in providing the services offered by the Trust.

Objectives and activities

Objects and aims

The Trust will provide a good quality setting which will provide education for Children aged 2 to 5 years of age. The setting will be safe, friendly and stimulating both in the childcare and educational sessions. We aim to provide a happy, caring and secure environment, enabling children to learn through play. The provision will enable parents/carers within the local community to take up or continue with employment/education/training in order to improve the quality of life for themselves and their children. We aim to develop a partnership with parents that will support their child's learning. The Trust aims to create a deeper sense of community cohesion through a learning and teaching curriculum, based on the Early Years Foundation Stage (EYFS), Birth to Three Matters Framework and the curriculum guidance for the Foundation Stage (published by QCA and DFES www.gca.org.uk): equity and excellence, and engagement of extended services. The Trust aims to provide staff with appropriate experience and qualifications and provide opportunities and access to further training. We will recognise and celebrate achievements at all levels.

Public benefit

Places are available to all, there are no financial or other restrictions.

Code of conduct: The Trust has a code of conduct setting out its expectations and requirements of Trustees; this is set out in full in the prospectus.

Vision and Ethos

Greenshoots continues to ensure its vision and ethos is part of everything we do. The setting promotes a ‘home from home’ atmosphere where the staff engage with children and parents in a warm and friendly manner.

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Laira Green Trust

Trustee’ Report

A total of 17 children left Greenshoots to start school in September 2023. Of this 13 started at Laira Green Primary School.

We began the Autumn term in 2023 with 27 children on our register, and this number has increased to 32 in the Spring Term 2024.

At the beginning of the year the wraparound care numbers were really good. However, in September the school opened their own breakfast and afterschool club which had a big impact on our numbers. There were a few children still attending but in the December it was decided that there was insufficient numbers to be able to continue running the wraparound care. We were losing a considerable amount so took the difficult decision to close the wraparound care from the 1st January 2024. In addition we decided to change our opening hours from 8-6 until 8-4.

Trips and Events

This year we all went to the Plymouth National Marine Aquarium. In addition, we have taken some small groups of older children to the theatre.

Staff have continued to run Evolve sessions every week, and weekly football sessions with Plymouth Argyle have continued. We also started weekly visits to the allotment. The library service have been making regular visits to share stories and books with the children. Contact has been made with a local care home with a view to taking a small group of children to visit the residents.

Outside Agency Support and Local Authority Involvement (2023)

Greenshoots continues to be fully supported by the LA “Quality Assurance Agenda’.

The setting continues to develop effective relationships with outside agencies and implement suggested strategies to support child development. They have included:

Speech and Language

Early Years Inclusion Team

CAMHS

EYAT (Early Years Advisory Teacher)

Educational Psychologist

Children’s Centre - Barnardos

Achievements 2023

Greenshoots has achieved the following:

Page 3

Laira Green Trust

Trustee’ Report

Staffing

Natalie, has continued as Manager and Claudia as Deputy Manager. Greenshoots has seen a few changes of staff this year - we have said goodbye to some staff and welcomed some new members to the team. With the closure of wraparound care Jodie moved across into a Practitioner role within the pre-school. We currently have 6 Practitioners who are Key Workers - Claudia, Abbie, Kerry, Caroline, Joanne and Jodie. Abbie was also appointed to act as Deputy Manager on occasions where the Manager/Deputy are not at the setting. Diane continues to help over the lunch period but decided to give up the cleaning role.. Katusha continues as the Business Administrator and is also part of the bank of staff who cover where needed. Hayley and Charlotte have continued as Bank Practitioners.

David was appointed to start in January this year to undertake the cleaning role.

Staff Training

Greenshoots ensures that staff are always developing their knowledge and skills by engaging in various training courses. In addition, we ensure staff are up to date with Safeguarding and First Aid training. Abbie is continuing to work towards completion of her Level 4 qualification and Claudia has now completed her Level 5. Staff have been accessing training online regularly and have completed a range of courses to further develop their skills. In addition, specialised training from other agencies is accessed as needed e.g. Epipen Training. Staff meetings are held regularly and the Manager re-visits key knowledge areas with staff to ensure they are continuing to develop. Joanne has completed the SEND Dingle’s Promise.

Policies and Procedures

The Trustees and Managers review all Policies and Procedures, in line with the requirement to conduct an annual review. Staff will read key policies and procedures during induction as well as where there are new or changes to policies and procedures as needed. Parents/carers can access the Policies and Procedures by viewing the file in the reception area of the pre-school.

Targets: Improvement Plan 2023/2024

Each year Greenshoots is required to write an Annual Quality Improvement Plan. This years targets are identified below:

Page 4

Laira Green Trust

Trustee’ Report

Finally, Greenshoots continues to ensure the child is at the centre of all we do. The setting works within the new Early Years Foundation Stage Curriculum and follows the Ofsted Framework.

Trustees

There has been a change to the Board of Trustees this year. The following list is the current members:

Claire Kilpatrick, - appointed 10th January 2019 - appointed as Chair at the AGM on 28th April 2022 Selina Wells - appointed 14th March 2022

Craig Edwards - appointed 7th May 2022

Sharon Mercer - appointed 3rd November 2022 left on 1st May 2023

A replacement for the Hon. Treasurer is still being sought. In the meantime, the Business Administrator (Katusha Edwards) is undertaking the necessary Account work including reports to each Trustee meeting.

The figures quoted are subject to Independent Examination and may change as a result of recommendations made.

Financial review

For the year ended 31 December 2023 the Trust has an in year surplus of £480 which compares to the previous year where there was an in year deficit of £6,668. Looking at the main changes in certain items over the year:

(a)PCC termly funding — this has gone from just under £101k for year ending 31 December 2022 to just ‘under £112k for the year ending 31 December 2023, an increase of of approx. £11k. This increase is partially due to changes in numbers attending including those doing 30 hours. In addition, from September there was an in year 32.6 % increase to the hourly rate for 2 year olds.

(b)Fees, including income from meals — this has increased by just over £7,000 in 2023 compared to 2022. This is mainly due to an increase in children paying fees either due to not being entitled yet for funding or because they are doing more than funded hours. In the first part of the year there had been a significant increase in children accessing Wraparound care. However in September 2023 the school began running wraparound care and asa result there was a significant decrease in attendance impacting on fee income.

(c)Other income- this figure has decreased hugely as we have not had any additional grant funding e.g. for the co-op community fund..

(d)Salaries and Wages and Social Security/Pensions — as well as the gross pay of staff, this also includes the Employer's National Insurance (NIC) and NEST/Pension contributions, as well as employing Agency staff. Wages in 2023 have seen an increase of just over £9,500. This increase reflects the need for additional staff due to an increase in children attending both the pre-school! and there was a pay increase in April 2023 in line with increases to the National Living Wage.

(e)Food/Meals — this figure has increased in 2023 partly due to the increase to wraparound care numbers during the first half of the year. Another factor is the cost of living and general price rises.

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Laira Green Trust

Trustee’ Report

(f) Playtime Consumables - this has almost doubled since 2022 partially due to the less spent in 2022 and therefore due to wear and tear new resources were needed. In addition, with no co-op funds due this could not be used to purchase the necessary resources.

(g)Sundry costs — this has increased again this year but this is largely due to the increase in costs of items purchased across the board.

(h)Co-op funds expenditure - is against the funds received from the Co-op Community Fund. This includes expenditure against money carried forward from previous years.

(i) Accounts - this has increased by almost double this year. The monthly amount paid has increase from £84 to £200 per month.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustee of the charity on Zap} eben signed on its behalf by:

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Chairman and trustee
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Laira Green Trust

Independent Examiner's Report to the trustees of Laira Green Trust (‘the Company’)

| report to the charity trustee on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustee 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, | 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 | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

| have completed my examination. | 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 Laira Green Trust as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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)].

| 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.

Matthew Keane ACCA Westcotts (SW) LLP Plym House 3 Longbridge Road Marsh Mills Plymouth Devon PL6 8LT

pate: |. 7.0. 2¢

Page 7

Laira Green Trust

Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Unrestricted Restricted Total Total
funds funds 2023 2022
Note £ £ £ £
Income and Endowments from:
Charitable activities 3 152,025 - 152,025 134,418
Investment income 4 241 & 241 41
Other income 5 - - - 2,413
Total income 152,266 - 152,266 136,872
Expenditure on:
Charitable activities 6 (151,541) (245) (151,786) (143,540)
Total expenditure (151,541) (245) (151,786) (143,540)
Net income/(expenditure) 725 (245) 480 (6,668)
Net movement in funds 725 (245) 480 (6,668)
Reconciliation offunds
Total funds brought forward 103,646 1,639 105,285 111,953
Totalfundscarriedforward 147 104,371 1,394 105,765 105,285

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 17.

The notes on pages 10 to 19 form an integral part of these financial statements. Page 8

Laira Green Trust

(Registration number: 07110815) Balance Sheet as at 31 December 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Note|£|£| |Fixed|assets| |Tangible|assets|12|3,682|3,764| |Current|assets| |Stocks|13|231|368| |Debtors|14|1,214|1,022| |Cash|at|bank|and|in|hand|45|125,260|124,945| |126,705|126,335| |Creditors:|Amounts|falling|due within|one year|16|(24,622)|(24,814)| |Net|current|assets|102,083|101,521| |Net|assets|105,765|105,285| |Funds|of the|charity:| |Restricted|income|funds| |Restricted|funds|1,394|1,639| |Unrestricted|income|funds| |Unrestricted|funds|104,371|103,646| |Total funds|17|105,765|105,285|

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For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

ZAIS|The financial eYandstatements signed onon theirpages behalf8 to by:19 were approved by the trustee, and authorised for issue on

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Chairman and trustee

The notes on pages 10 to 19 form an integral part of these financial statements. Page 9

Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

1

Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Laira Green Primary Bramley Road Laira Plymouth Devon PL3 6BP

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Laira Green Trust 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 trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Page 10

Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Donations and legacies

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Donated services and facilities

Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Other income

income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

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Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent 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 has 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 recognised gains and losses on the statement of financial activities.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Equipment

Depreciation method and rate 20% reducing balance

Stock

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustee discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Designated funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Pensions and other post retirement obligations

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

Financial instruments

Recognition and measurement

A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

3 Income from charitable activities

Unrestricted
funds Total
General 2023
£ £
PCC Termly Funding 111,469 111,469
Pre School Fees 40,203 40,203
Other income 353 353
152,025 152,025
Unrestricted
funds Total
General 2022
£ £
PCC Termly Funding 100,487 100,487
Pre School Fees 33,337 33,337
Other income 594 594
134,418 134,418

Page 13

Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

4 Investment income

Bank interest receivable
Bank interest receivable
Unrestricted
funds Total
General 2023
£ £
241 241
240
Unrestricted
funds Total
General 2022
£ £
41 41
eee ae

5 Other income

Total Total
2023 2022
£ £
Fees and supplies - 2,413
6 Expenditure on charitable activities
Unrestricted
funds Restricted Total
General funds 2023
£ £ £
Pre school 146,387 - 146,387
Support costs 5,154 245 5,399
151,541 245 151,786
Unrestricted
funds Restricted Total
General funds 2022
£ £ £
Pre school 138,705 - 138,705
Support costs 4,528 307 4,835
143,233 307 143,540

Page 14

Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Activity
undertaken
directly		 Activity
support
costs		 2023
£ £ £
Staffcosts 123,220 496 123,716
Accountancy - 2,650 2,650
Accountancy under/overprovision - (30) (30)
Legal and professional fees - 319 319
Depreciation - 920 920
Premises costs 7,560 82 7,642
Stock - 368 368
Administrative expenses 2,500 594 3,094
General expenses 1,715 - 13715
Consumables 11,392 - 11,392
Activity
undertaken		 Activity
support
directly costs 2022
£ £ £
Staffcosts 114,791 115 114,906
Accountancy - 2,466 2,466
Accountancy under/overprovision - 60 60
Legal and professional fees - 196 196
Depreciation - 941 941
Premises costs 9,640 114 9,754
Stock - 332 332
Administrative expenses 2,593 611 3,204
General expenses 2,908 - 2,908
Consumables 8,773 - 8,773
138,705 4,835 143,540

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Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

7 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

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||||||| |---|---|---|---|---|---| |2023|2022| |£|£| |Depreciation|of|fixed|assets|920|941|

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8 Trustee remuneration and expenses

No trustee, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

9 Staff costs

The aggregate payroll costs were as follows:

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||||| |---|---|---|---| |2023|2022| |£|£| |Staff costs|during|the|year were:| |Wages and|salaries|119,647|112,198| |Pension|costs|3,099|2,567| |122,746|114,765|

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Theby themonthlycharityaverageduring thenumberyear expressedof personsas(includingfull time equivalentssenior managementwas as follows:/ leadership team) employed

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|||||| |---|---|---|---|---| |2023|2022| |No|No| |Number|of|staff|12|11|

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No employee received emoluments of more than £60,000 during the year.

10 Independent examiner's remuneration

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |£|£| |Independent|examiner fees| |The|examining|of accounts|of any|associate|of the|charity|1,000|1,700|

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Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Tangible fixed assets

12 Tangible fixed assets
Furniture
and
equipment Total
£ £
Cost
At 1 January 2023
Additions		 12,251
838		 12,251
838
At 31 December2023 13,089 13,089
Depreciation
At 1 January 2023 8,487 8,487
Charge forthe year 920 920
At 31 December2023 9,407 9,407
Net book value
At 31 December2023 3,682 3,682
At 31
December 2022		 3,764 3,764
13 Stock
2023 2022
£ £
Stocks 231 368
14 Debtors
2023 2022
£ £
Prepayments 1,214 1,022
15 Cash and cash equivalents
2023 2022
£ £
Cash on hand 511 450
Cash at bank 124,749 124,495
125,260 124,945

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Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

16 Creditors: amounts falling due within one year

16 Creditors: amounts falling due within one year
2023 2022
£ £
Othertaxation and social security 1,527 382
Accruals and deferred income 23,095 24,432
24,622 24,814

17 Funds

Balance at 1 Balance at
January Incoming Resources 31 December
2023 resources expended 2023
£ £ £ £
Unrestricted funds
General
General Funds 103,646 152,266 (151,541) 104,371
Restricted funds
Restricted Funds 1,639 . (245) 1,394
Totalfunds 105,285 152,266 (151,786) 105,765
Balance at 1 Balance at
January Incoming Resources 31 December
2022 resources expended 2022
£ £ £ £
Unrestricted funds
General
General Funds 110,007 136,872 (143,233) 103,646
Restricted funds
Restricted Funds 1,946 - (307) 1,639
Totalfunds 111,953 136,872 (143,540) 105,285

The specific purposes for which the funds are to be applied are as follows:

Restricted funds include income received from a supporting grant to fund play area and computer equipment. All assets are being depreciated in line with the relevant accounting policies.

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Laira Green Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

18 Analysis of net assets between funds

18 Analysis of net assets between funds
Total funds
Unrestricted
funds		 Restricted at31
December
General funds 2023
£ £ £
Tangible fixed assets 2,700 982 3,682
Current assets 126,293 412 126,705
Current liabilities (24,622) . (24,622)
Total net assets 104,371 1,394 105,765
Total funds
Unrestricted at 31
funds Restricted December
General funds 2022
£ £ £
Tangible fixed assets 2,537 1,227 3,764
Current assets 125,923 412 126,335
Current liabilities (24,814) - (24,814)
Totalnetassets 103,646 1,639 105,285

19 Related party transactions

There were no related party transactions in the year.

Page 19