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← Leatherhead Start

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 07284076 (England and Wales) REGISTERED CHARITY NUMBER: 1137054

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LEATHERHEAD START

Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

LEATHERHEAD START

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

Page
Chair's Report 1 to 3
Annual Statistics 4 to 5
Report of the Trustees 6 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 17

LEATHERHEAD START

CHAIR'S REPORT FOR THE YEAR ENDED 31ST MARCH 2024

LeatherHead Start is a direct access hostel providing short term accommodation to both men and women over the age of 18. All our clients have been through a period of trauma while being homeless and so have varying problems that need to be addressed, so that when they move on, they will be able to maintain their tenancy.

Our vision is "To improve the lives of homeless people and encourage them towards future independent living" In order to achieve our aim, we provide a 24/7 service.

During the reporting year we supported 42 clients. Of these, 31 clients left us during the year, of which 26 (84%) were planned move-ons to accommodation providing more independent living. The average length of stay for these clients with us was 16 weeks.

When clients arrive, they are booked in by our Client Services Co-ordinator (CSC). The CSC works regular daytime hours enabling the needs of each client to be assessed and addressed promptly. At the beginning of each day the CSC will draw up a list of actions and casework for that day and Support workers will work with the clients to ensure all are completed. We are aware that our client profile has become more demanding than in the past with many more of our clients having complex needs. Therefore, it is very important that we have full and accurate information from referral agencies, so we can best help clients as they arrive.

Move-on accommodation, which is largely shared accommodation, is made available by local longer-term supported housing providers such as Homegroup and Transform. Clients may also be eligible for the Housing Register and bid for their own tenancy in social housing. Occasionally clients obtain a tenancy in the Private Rented Sector.When clients move on to an independent tenancy, we have our own Tenant Support Worker who will continue to give support if it is needed, it could be just for the first week or two, others will need support for longer. One or two may even return for brief support after many years of stability - our door is always open.

During the reporting year our Tenant Support Worker has worked with 22 clients. Most of his work has been around ensuring clients are attending appointments, helping with benefits and finances, liaising with other agencies, and other such support. He has also responded throughout the year to occasional needs associated with tenants we have previously supported.

Staff

The Board greatly values the staff team and appreciates their willingness to reflect on their practice and how they strive to constantly improve.

This year members of the staff team received training in: -

Page 1

LEATHERHEAD START

CHAIR'S REPORT FOR THE YEAR ENDED 31ST MARCH 2024

East Surrey Outreach Service - eSOS

We continue to work with eSOS which is a partnership of East Surrey Councils: Mole Valley, Reigate and Banstead, Epsom and Ewell and Tandridge, working together for a homeless outreach service across East Surrey. These authorities fund the service which is currently run by Thames Reach, a London based charity working with the homeless. The aim is to reduce rough sleeping within the Districts and provide support and guidance to entrenched rough sleepers with complex needs as well as those facing homelessness for the first time. The outreach team have an office based in Leatherhead and LeatherHead Start is supporting the service by providing two assessment beds ring-fenced for eSOS referrals only. We accommodated 8 clients in the eSOS beds this reporting year.

Clients

We are here first and foremost for the clients and during their time with us we want to make it as positive an experience as it can be, so that they will move on with confidence and hope for the future.

Below is a list of activities that have taken place during the reporting year.

Well-Being sessions have moved to the evening making it easier for all clients to attend. 23 sessions were held during the year and topics covered incl ude:-

Understanding Anxiety What Is Stress & How to Manage It Building Emotional Resilience Budgeting Sleep Hygiene Goal Setting Managing Relationships & Boundaries - Learning to Say No Confidence Building & Self Worth

Allotment - All clients are encouraged to take part and we have had a very good harvest. The produce has been used by our chef in the evening meals, which has helped to reduce our shopping bill.

Counselling - 12 clients

Gym -We were able to negotiate a new contract when Better took over the Leisure Centre for our clients and many have taken advantage of this.

Weekly house meetings have continued and prove to be most valuable in discussing issues with clients in order that we, in consultation with their input, are able to develop the service. We have continued with the reward scheme which helps to motivate clients to attend activities. They are given their reward at the house meeting.

Volunteers

In all appropriate cases, volunteers have a DBS (Disclosure and Barring Service) check, before they start working with clients. We have a register of volunteers some of whom provide us with evening meals when our Chef is away. We wish to thank them for their continued support.

Board

At our Board meeting we discuss reports from the Manager, and the Tenant Support Worker and reports covering our five aims from Board members. We also receive bi-annual reports from the Treasurer showing our income and expenditure, to ensure both that our activities remain within budget and that we maintain a sufficient level of reserves, so that we can maintain operations for a period, currently 12 months, if major cuts are made to the funding, we currently receive from public sector sources. We are investigating making applications to funders who support charities like ours. We continue to have regular GDPR monitoring meetings.

Page 2

LEATHERHEAD START

CHAIR'S REPORT FOR THE YEAR ENDED 31ST MARCH 2024

Move-on House - 3-bedroom house in North Leatherhead

During the reporting year we have accommodated two clients both are working and are bidding for social housing. We have decided to continue, at present, to retain our Resident Volunteer who occupies the third room whilst studying full time. We will review this situation in due course. Various repairs and maintenance have taken place during the year. We have reviewed the running costs and they are within budget. The arrangements to receive housing benefit are running smoothly and there are no current arrears.

The Environment

Our energy supplier continues with a British renewable energy group specialising in sustainable energy. Our extension has a green roof which is maintained regularly. We have an allotment using organic practices to grow our own vegetables and some fruit, we add the office shreddings to the compost heap, it is plastic free area.

Serious incidents

There have been no serious incidents in this reporting year to report at LeatherHead Start.

In conclusion we are fortunate to have such great support from our local community and LeatherHead Start wishes to thank all for their encouragement and help.

Myfanwy Tothill Chair of the Board of LeatherHead Start

Page 3

LEATHERHEAD START

ANNUAL STATISTICS FOR THE YEAR ENDED 31ST MARCH 2024

2023/24 2022/23 2021/22 2021/22
Service utilisation(occupancy rate) 94% 94% 95%
Referrals
Number of residents at start of year 9 10 9
Number of referrals 190 90 208
Number turned away 157 64 199
Number accepted 33 26 36
Total number accommodated in year 42 36 45
Source of referrals
Mole Valley 48 (25%) 34 (38%) 95 (46%)
Epsom & Ewell 7 (4%) 5 (6%) 25 (12%)
Other Surrey 24 (13%) 21 (23%) 72 (35%)
Outside Surrey 97 (51%) 20 (22%) 16 (7%)
Unknown 14 (7%) 10 (11%) 0
Grand Total 190 90 208
Average stay in weeks
Clients who moved on 20.8 13.3 11
Clients remaining 26 25.5 14.8
Gender
Male 28 (67%) 28 (78%) 39 (87%)
Female 14 (33%) 8 (22%) 6 (13%)
Age profile
18-25 12 5 10
26-34 6 9 9
35-50 13 9 13
51-60 9 10 9
61-70 2 3 2
70+ 0 0 2
Client support needs
Alcohol 26% 42% 33%
Drugs 14% 39% 31%
Psychiatric 91% 78% 71%
Learning difficulties 17% 14% 9%
Offending 21% 39% 45%
Complex needs 86% 83% 65%
Client outcomes
Employment 19% 19% 13%
Access to healthcare services 100% 94% 98%
continued...

Page 4

LEATHERHEAD START

ANNUAL STATISTICS FOR THE YEAR ENDED 31ST MARCH 2024

2023/24 2022/23 2021/22
Housing outcome - total moved on 31 27 34
Plannedmove-on (no. and %) 26 (84%) 22 (81%) 23 (66%)
Supported housing 12 9 (33%) 15 (42%))
Local authority/Housing Trust (social housing) 4 4 (15%) 3 (8%)
Private Rented Sector 5 9 (33%) 5 (14%)
LHS Move-on house 2 0 0
Friends and Family 3 0 0
Unplannedmove-on (no. and %) 5 (16%) 5 (19%) 12 (34%)
Notice to leave (no move-on accommodation available) 2 0 1
Abandonment 3 2 2
Eviction 0 3 3
Hospital 0 0 2
Custody 0 0 3
Death 0 0 1

Page 5

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

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

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective of LeatherHead Start is to provide relief to those in necessitous circumstances in the Mole Valley district and in particular by the provision of temporary hostel accommodation and related services.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Details of the Charity's activities and achievement for the period are given in the Chair's Report and Annual Statistics.

FINANCIAL REVIEW

Public benefit

LeatherHead Start aims to improve the lives of homeless people in the Mole Valley and encourage them towards future independent living. The Board confirm that they have complied with the Charities Act 2011 and the Charities Commission guidance on Public Benefit.

All members of the Board give their time voluntarily.

Financial review

The Charity made a deficit for the year of £70,976 (2023: deficit of £62,060). We have maintained our reserves policy in order to sustain the organisation in case of possible future reductions in funding.

Reserves policy

LeatherHead Start needs to maintain sufficient funds to cover future uncertainties. Whilst we know that we are delivering a first class and essential service, there is downward pressure on public spending and this is unlikely to abate soon. Our annual running costs are around £300,000, so any further reduction in the public funding we receive would quickly eat into our reserves. Our intention therefore is to maintain sufficient readily accessible funds in reserve in order to allow Leatherhead Start to continue delivering services for homeless people for at least 12 months even if reductions in public funding became a serious problem.

The trustees have designated funds equal to the net book value of fixed assets of the charity to better identify and manage the funds that are readily available. The total funds of the charity at 31 March 2024 were £568,831 of which £302,465 are unrestricted 'free' reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee and its governing document is its Memorandum and Articles of Association as amended on 28 April 2011.

The Board

LeatherHead Start is managed by the Board, who are also the charity's trustees, which comprises up to 12 members elected at annual general meetings. Members of the Board receive no remuneration. The Board is responsible for raising funds, appointing project workers and incurring expenditure to ensure that the charity achieves its objectives. The Board sets policies, including health and safety, equal opportunities and financial control, and oversees their implementation by the Manager and staff.

Recruitment, appointment and training of new trustees

Existing trustees invite potential new trustees to join having regard to the relevance of their experience to the work of the charity. The Board regularly consider the skills base of the existing members and consider the training needs of old and new members.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07284076 (England and Wales)

Page 6

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

Registered Charity number 1137054

Registered office

3 Church Road Leatherhead Surrey KT22 8AT

Trustees

Brian Edwards Myfanwy Tothill Clive Weeks Colin Petter June Barber

Company Secretary

Clive Weeks

Independent Examiner

Philip Longstaff FCA Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

Approved by order of the board of trustees on 26th September 2024 and signed on its behalf by:

Clive Weeks - Secretary

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEATHERHEAD START

Independent examiner's report to the trustees of LeatherHead Start ('the Company')

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

Responsibilities and basis of report

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

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

Independent examiner's statement

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

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

  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)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Philip Longstaff FCA The Institute of Chartered Accountants in England and Wales

Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

26th September 2024

Page 8

LEATHERHEAD START

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
31,437
Charitable activities
4
Accommodation and support services
278,411
Investment income
3
5,306
Total
315,154
EXPENDITURE ON
Charitable activities
5
Accommodation and support services
386,130
NET INCOME/(EXPENDITURE)
(70,976)
RECONCILIATION OF FUNDS
Total funds brought forward
639,807
TOTAL FUNDS CARRIED FORWARD
568,831		 Restricted
funds
£
-
-
-
-
-
-
-
-		 31/3/24
31/3/23
Total
Total
funds
funds
£
£
31,437
42,056
278,411
247,032
5,306
2,123
315,154
291,211
386,130
353,271
(70,976)
(62,060)
639,807
701,867
568,831
639,807

The notes form part of these financial statements

Page 9

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

BALANCE SHEET 31ST MARCH 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
266,366
CURRENT ASSETS
Debtors
12
16,337
Cash at bank and in hand
300,857
317,194
CREDITORS
Amounts falling due within one year
13
(14,729)
NET CURRENT ASSETS
302,465
TOTAL ASSETS LESS CURRENT LIABILITIES
568,831
NET ASSETS
568,831
FUNDS
14
Unrestricted funds:
General fund
Designated funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-
-
-		 31/3/24
Total
funds
£
266,366
16,337
300,857
317,194
(14,729)
302,465
568,831
568,831
302,465
266,366
568,831
568,831		 31/3/23
Total
funds
£
277,754
-
374,937
374,937
(12,884)
362,053
639,807
639,807
362,053
277,754
639,807
639,807

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

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

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 10

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

BALANCE SHEET - continued 31ST MARCH 2024

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

The financial statements were approved by the Board of Trustees and authorised for issue on 26th September 2024 and were signed on its behalf by:

Myfanwy Tothill - Trustee

Clive Weeks - Trustee

The notes form part of these financial statements

Page 11

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Income and grants

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

Grants are recognised when the entitlement to the grant is confirmed. Revenue based grants are recognised in the period in which the related costs are incurred.

Expenditure

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

Governance costs

Governance costs are those incurred in relation to the administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

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

Freehold property - 2% on cost Leasehold improvements - 20% on cost Equipment - between 10% and 50% on cost

Taxation

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

Fund accounting

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

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

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

Pension costs and other post-retirement benefits

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

continued...

Page 12

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

2. DONATIONS AND LEGACIES

Legacies
Churches
Friends
Other donations
Giftaid
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Residents (SCC Housing
Related Support)
Accommodation and support services
Rental income
Accommodation and support services
Move-on house rental
Accommodation and support services		 31/3/24
£
1,110
4,864
8,614
15,909
940
31,437
31/3/24
£
5,306
31/3/24
£
136,471
132,678
9,262
278,411		 31/3/23
£
-
3,977
6,833
29,624
1,622
42,056
31/3/23
£
2,123
31/3/23
£
125,759
110,368
10,905
247,032

5. CHARITABLE ACTIVITIES COSTS

Accommodation and support services

Support
Direct costs (see
Costs note 6) Totals
£ £ £
360,071 26,059 386,130

continued...

Page 13

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

6. SUPPORT COSTS

7.

Management
£
Accommodation and support services
24,756
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent Examiner's fee
Independent Examiner's fee - Other services		 Governance
Finance
costs
Totals
£
£
£
653
650
26,059
31/3/24
31/3/23
£
£
11,388
14,244
650
650
3,608
2,839		 Totals
£
26,059

8. TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

9.

STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average number of employees		 31/3/24
£
256,434
14,198
4,497
275,129
31/3/24
19		 31/3/23
£
234,044
12,893
4,350
251,287
31/3/23
17

No employees received employee benefits in excess of £60,000.

The trustees consider the aggregate employment benefits of the key management personnel for both 2024 and 2023 to be nil.

continued...

Page 14

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Accommodation and support services
Investment income
Total
EXPENDITURE ON
Charitable activities
Accommodation and support services
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
11.
TANGIBLE FIXED ASSETS
Freehold
Leasehold
property
improvements
£
£
COST
At 1st April 2023 and
31st March 2024
311,384
91,925
DEPRECIATION
At 1st April 2023
56,052
91,924
Charge for year
6,228
-
At 31st March 2024
62,280
91,924
NET BOOK VALUE
At 31st March 2024
249,104
1
At 31st March 2023
255,332
1		 Unrestricted
Restricted
funds
funds
£
£
42,056
-
247,032
-
2,123
-
291,211
-
353,271
-
(62,060)
-
701,867
-
639,807
-
Garden
Office
Equipment
£
£
27,959
15,665
8,385
12,818
2,795
2,365
11,180
15,183
16,779
482
19,574
2,847		 Total
funds
£
42,056
247,032
2,123
291,211
353,271
(62,060)
701,867
639,807
Totals
£
446,933
169,179
11,388
180,567
266,366
277,754

Page 15

continued...

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Accruals and deferred income
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated funds
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 At 1/4/23
£
362,053
277,754
639,807
639,807
Incoming
resources
£
315,154
-
315,154
315,154		 31/3/24
31/3/23
£
£
16,337
-
31/3/24
31/3/23
£
£
5,159
3,525
9,570
9,359
14,729
12,884
Net
movement
At
in funds
31/3/24
£
£
(59,588)
302,465
(11,388)
266,366
(70,976)
568,831
(70,976)
568,831
Resources
Movement
expended
in funds
£
£
(374,742)
(59,588)
(11,388)
(11,388)
(386,130)
(70,976)
(386,130)
(70,976)

Page 16

continued...

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 At 1/4/22
£
411,315
290,552
701,867
701,867		 Net
movement
in funds
£
(47,816)
(14,244)
(62,060)
(62,060)		 Transfers
between
funds
£
(1,446)
1,446
-
-		 At
31/3/23
£
362,053
277,754
639,807
639,807

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 Incoming
resources
£
291,211
-
291,211
291,211		 Resources
Movement
expended
in funds
£
£
(339,027)
(47,816)
(14,244)
(14,244)
(353,271)
(62,060)
(353,271)
(62,060)		 Resources
Movement
expended
in funds
£
£
(339,027)
(47,816)
(14,244)
(14,244)
(353,271)
(62,060)
(353,271)
(62,060)
(62,060)
(62,060)

The designated fund is equal to the net book value of the fixed assets of the charity. These funds have been separated in to a designated fund to better identify and manage the funds that are readily available for use to meet the charity's objects.

15. RELATED PARTY DISCLOSURES

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

16. PROFESSIONAL FEES

Ellis Atkins, Chartered Accountants, waived 50% of their fees relating to the Independent Examination of the accounts for the year to 31 March 2024.

Page 17