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← UK Homes 4 Heroes Pride And Passion Ltd

2024-05-31-accounts

REGISTERED COMPANY NUMBER: 07247070 (England and Wales) REGISTERED CHARITY NUMBER: 1138073

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

UK Homes 4 Heroes Pride And Passion Ltd

A Star Accountancy Limited Chartered Certified Accountants 19 Beech Avenue Sidcup Kent DA15 8NH

UK Homes 4 Heroes Pride And Passion Ltd

Contents of the Financial Statements for the Year Ended 31 May 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 16

UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)

Report of the Trustees

for the Year Ended 31 May 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 31 May 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 charity's purposes, as set out in the Articles of Association, are to;

Significant activities

Following a partial curtailment of activities during Covid 19 in the previous two years, the charity was able to recommence a full range of activities during the year and we were able to continue to provide support & counselling services along with food & supplies via our outreach services helping to feed the homeless & other support activities during the year.

We would also like to thank;

Hargolds Trading Limited , who have continued to support UK Homes 4 Heroes Pride & Passion Since 2013 to include monthly donations to the Charity through the Sales of Squaddie Bars (flapjacks), which are made on the premises down in The Gro ve , Derril, Holsworthy, EX22 6YA.

The charity acquired its first Mobile Home in a residential park in February 2020 to provide weekly breaks to ex service personnel, who it is considered would benefit from the opportunity of some respite from their daily lives.

Bookings were taken & the unit was brought into immediate use, however Covid 19 restrictions introduced in March 20 resulting in booking cancellations as it was not possible to provide this service throughout most of the financial year 2020/21 However bookings were ultimately commenced during 2021/22 & the facility was operated during 2022-23 along with a second Mobile Home which was also acquired in May 2021 which was operated during 2022/23 * on through 2023-24.

In April 2022 a Third Mobile Home with special provisions for disabled access & facilities was acquired, however following water damage issues to the new unit during 2022/23 and problems with the disabled access decking by the subcontractors used, the park & the finance company agreed to cancel the HP agreement & the unit was returned to the park hence the disposal showing during the previous year in April 2023.

This unit was ultimately replaced with a new unit in June 2023, which was brought into operation during the year.

Public benefit

How our activities deliver public benefit

In accordance with section 4 of the Charities Act 2006, the directors have due regard to the guidance published by the Charity Commission on the requirement that the objectives and work undertaken by the charity are in line with charitable objectives and do provide for benefit for the public.

The charity has enabled homeless ex-service personnel, both men and women, to move towards enjoying a fulfilling life.

By working with individuals and organisation, the charity has enabled them to be re-housed and settled back into the community. There is ongoing support from the charity's outreach teams, including a feed the homeless project during the year.

More information can be found on our website www.ukhomes4heroes.org.uk.

Page 1

UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)

Report of the Trustees for the Year Ended 31 May 2024

OBJECTIVES AND ACTIVITIES

Volunteers

The Trustees would like to express their thanks to the volunteers, who are an essential part of the charity's infrastructure and without whose support, the charity could not continue to operate.

Principal sources of funds:

Normally the main funding of the charity during the year is from donations, primarily from the Just Giving website : ( https://www.justgiving.com/UKhomes4heroes ) £29,602 inclusive of Gift Aid (2023 £20,287), plus this year £0 (2023 £6,641) was also generated from the Paypal Giving Fund UK.

Corporate donations to the value of £ 4,765 were also provided (2023 £4,817).

We were successful in obtaining Grant finance during the year totalling £ 32,500 (2023 £21,700) with the assistance of a specialist Fund Raiser.

This included restricted grants to assist specifically with our Outreach service for provision of food to the homeless, from Silver Lady, a grant towards the Whitstable Centre operations, plus an element of £20,000 restricted funding from National Lottery - Awards for All towards the cost of a replacement trailer unit, to enable the charity to continue on providing outreach services.

In addition the charity also normally relies upon collections at events, along with the sale of merchandising, which was considerably down during the year due to cancellation of events etc.

We are particularly grateful for all who have donated and or generated sponsorship income during this difficult time.

FINANCIAL REVIEW

Reserves policy

The directors have reviewed the free level of reserves maintained, which are represented by unrestricted funds not committed or invested in tangible fixed assets. The aim is to maintain reserves at a level to ensure that there should not be a reduction in income that the service could continue for at least three months at current rates of expenditure.

The unrestricted reserves at the balance sheet date were £ 79,231 (2023 £90,173) which covers at least three months regular expenditure.

Review of The Financial Position.

The results for the year are set out on pages 6 to 13.

The charity is generally dependent entirely on voluntary donations and we are grateful all of the support given this year.

In addition grants were received during the year to support the charity's outreach work in addition to core funding & funding for the Whitstable Centre costs.

Income increased by £12359 to £ 133,142 (2023 £120,783),

Expenditure increased to £ 144,084 (2023 £141,209) in view of the new mobile home units coming on stream.

This has meant that there was an overall funds outflow of £ 10,942 (2023 £20,426). leaving total funds carried forward of £ 79,231 (2023 £90,173) .

FUTURE PLANS

The trustees & volunteers concentrated their efforts on outreach services providing meals to those in need in the community during lockdown, over & above the levels already normally provided pre lockdown.

The charity was once again fully partaking in fund raising activities & events during 2023/24 and are planning to reduce ongoing expenditure levels through into 2024/25.

Page 2

UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)

Report of the Trustees for the Year Ended 31 May 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company, limited by guarantee, incorporated on 7 May 2010 and registered as a charity on 16 September 2010. The company is governed by its Articles of Association which set out the objects and powers of the charitable company. The directors have used powers granted to them in the Articles to make rules for its operation.

In the event of a winding up of the company, members are required to contribute an amount not exceeding £10.

Recruitment and appointment of new trustees

The directors of the charitable company ("the charity") are its trustees for the purposes of charity law and throughout this report are collectively referred to as the directors. The directors serving during the year and since the year end are set out on page 1.

As set out in the articles of association, there should not be less than three directors. At each Annual General Meeting, one third of members shall retire from office. Retiring directors are eligible for re-election.

All directors who give their time voluntarily, receive no benefits from the charity and are recruited from user groups and volunteers who have an interest in the welfare of ex-service personnel.

Organisational structure

The work of the Company and charity is overseen by a Board of Trustees who meet at regular intervals to provide strategic direction and monitor and review the work of the Trust.

During the year the Board met formally on several occasions, as well as numerous ad-hoc and informal meetings. Board meetings include members of volunteer staff as appropriate.

The day-to-day running of the charity and local operations are carried out by volunteers, under the leadership of two of the Directors James Jukes and Michelle Thorpe, who regularly report to the board and have delegated authority within terms approved by the Trustees, for operational matters, including finance, health and safety, security and administration.

From April 2017 Michelle Thorpe has started to draw a salary as disclosed in thise financial statement in respect of administrative services, event management and the provision of services to Homeless Ex Service Personnel .

No salary is paid to her in respect of any services provided, in respect of her duties as a Trustee.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07247070 (England and Wales)

Registered Charity number

1138073

Registered office

Unit 4, Oyster Bay St. Augustines Business Park Estuary Close Whitstable Kent CT5 2FF

Trustees

J Jukes MBE Director - Chair Miss M Thorpe Director C Vidler Director

Page 3

UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)

Report of the Trustees for the Year Ended 31 May 2024

REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary

Independent Examiner

K D Hardie FCCA A Star Accountancy Limited Chartered Certified Accountants 19 Beech Avenue Sidcup Kent DA15 8NH

Approved by order of the board of trustees on 31 March 2025 and signed on its behalf by:

J Jukes MBE - Trustee

Page 4

Independent Examiner's Report to the Trustees of UK Homes 4 Heroes Pride And Passion Ltd

Independent examiner's report to the trustees of UK Homes 4 Heroes Pride And Passion Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 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

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

  2. 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

  3. 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.

K D Hardie FCCA

A Star Accountancy Limited Chartered Certified Accountants 19 Beech Avenue Sidcup Kent DA15 8NH

31 March 2025

Page 5

UK Homes 4 Heroes Pride And Passion Ltd

Statement of Financial Activities

for the Year Ended 31 May 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
93,280
32,540
Other trading activities
3
7,133
-
Investment income
4
189
-
Total
100,602
32,540
EXPENDITURE ON
Raising funds
33,552
-
Charitable activities
Charitable activivities
77,992
32,540
Total
111,544
32,540
NET INCOME/(EXPENDITURE)
(10,942)
-
RECONCILIATION OF FUNDS
Total funds brought forward
90,173
-
TOTAL FUNDS CARRIED FORWARD
79,231
-		 31.5.24
Total
funds
£
125,820
7,133
189
133,142
33,552
110,532
144,084
(10,942)
90,173
79,231		 31.5.23
Total
funds
£
108,282
12,379
122
120,783
29,669
111,540
141,209
(20,426)
110,599
90,173

The notes form part of these financial statements

Page 6

UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)

Balance Sheet

31 May 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
9
163,679
-
CURRENT ASSETS
Debtors
10
11,129
-
Cash at bank and in hand
12,945
-
24,074
-
CREDITORS
Amounts falling due within one year
11
(42,870)
-
NET CURRENT ASSETS
(18,796)
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
144,883
-
CREDITORS
Amounts falling due after more than one year
12
(65,652)
-
NET ASSETS
79,231
-
FUNDS
16
Unrestricted funds
TOTAL FUNDS		 31.5.24
Total
funds
£
163,679
11,129
12,945
24,074
(42,870)
(18,796)
144,883
(65,652)
79,231
79,231
79,231		 31.5.23
Total
funds
£
88,523
13,133
28,274
41,407
(33,327)
8,080
96,603
(6,430)
90,173
90,173
90,173

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 7

UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)

Balance Sheet - continued

31 May 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 31 March 2025 and were signed on its behalf by:

J Jukes MBE - Trustee

The notes form part of these financial statements

Page 8

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements

for the Year Ended 31 May 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

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - at varying rates on cost
Motor vehicles & equipment - 25% on reducing balance and at varying rates on cost
Office equipment - 25% on cost

Two mobile homes plus a Ford Custom Transit van are on HP & have been depreciated in line with the length of the HP agreements.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

continued...

Page 9

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

2. DONATIONS AND LEGACIES

Donations
Gift aid
Legacies
Grants
Supplier refunds
Grants received, included in the above, are as follows:
Silver Lady Fund
The Veterans Foundation
National Lottery Awards For All
Big Lottery Core Funding
3.
OTHER TRADING ACTIVITIES
Fundraising events
Merchandising
Sponsorships
4.
INVESTMENT INCOME
Deposit account interest
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Depreciation - assets on hire purchase contracts and finance leases
Surplus/(deficit) on disposal of fixed assets		 31.5.24
£
84,513
8,604
-
32,540
163
125,820
31.5.24
£
5,040
7,500
20,000
-
32,540
31.5.24
£
2,134
3,184
1,815
7,133
31.5.24
£
189
31.5.24
£
31,609
-
(4,242)		 31.5.23
£
65,739
5,967
14,245
21,700
631		 31.5.23
£
65,739
5,967
14,245
21,700
631
108,282
31.5.23
£
4,200
7,500
-
10,000
21,700
31.5.23
£
5,913
5,223
1,243
12,379
31.5.23
£
122
31.5.23
£
9,699
13,562
2,696

continued...

Page 10

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

6. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' salaries
Trustees' social security		 31.5.24
£
18,069
1,213
19,282		 31.5.23
£
15,780
960
16,740

Trustees' expenses

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

7. STAFF COSTS

8.

Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Administration & events coordination
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES		 31.5.24
£
18,069
1,213
19,282
31.5.24
1		 31.5.23
£
15,780
960
16,740
31.5.23
1
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
86,582
21,700
Other trading activities
12,379
-
Investment income
122
-
Total
99,083
21,700
EXPENDITURE ON
Raising funds
28,594
1,075
Charitable activities
Charitable activivities
90,915
20,625
Total
119,509
21,700
NET INCOME/(EXPENDITURE)
(20,426)
-
RECONCILIATION OF FUNDS
Total funds brought forward
110,599
-		 Total
funds
£
108,282
12,379
122
120,783
29,669
111,540
141,209
(20,426)
110,599

continued...

Page 11

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
Restricted
funds
funds
£
£
TOTAL FUNDS CARRIED FORWARD
90,173
-
9.
TANGIBLE FIXED ASSETS
Motor
Short
Plant and
vehicles &
Office
leasehold
machinery
equipment
equipment
£
£
£
£
COST
At 1 June 2023
16,801
91,210
78,408
11,799
Additions
-
79,914
27,854
-
Disposals
-
-
(6,242)
-
At 31 May 2024
16,801
171,124
100,020
11,799
DEPRECIATION
At 1 June 2023
3,360
35,291
63,388
7,656
Charge for year
-
21,672
9,937
-
Eliminated on disposal
-
-
(5,239)
-
At 31 May 2024
3,360
56,963
68,086
7,656
NET BOOK VALUE
At 31 May 2024
13,441
114,161
31,934
4,143
At 31 May 2023
13,441
55,919
15,020
4,143		 Total
funds
£
90,173
Totals
£
198,218
107,768
(6,242)
299,744
109,695
31,609
(5,239)
136,065
163,679
88,523		 Total
funds
£
90,173

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor
Plant and
vehicles &
machinery
equipment
£
£
COST
At 1 June 2023
51,619
27,383
Additions
78,298
-
At 31 May 2024
129,917
27,383
DEPRECIATION
At 1 June 2023 and 31 May 2024
23,617
27,136
NET BOOK VALUE
At 31 May 2024
106,300
247
At 31 May 2023
28,002
247		 Totals
£
79,002
78,298
157,300
50,753
106,547
28,249

continued...

Page 12

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Hire purchase (see note 14)
Social security and other taxes
Other creditors
Accrued expenses
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 13)
Hire purchase (see note 14)
13.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling between one and two years:
Amounts due to directors
14.
LEASING AGREEMENTS
Minimum lease payments fall due as follows:
Net obligations repayable:
Within one year
In more than five years		 31.5.24
31.5.23
£
£
8,218
7,630
2,911
5,503
11,129
13,133
31.5.24
31.5.23
£
£
10,700
7,760
44
607
22,056
15,457
10,070
9,503
42,870
33,327
31.5.24
31.5.23
£
£
1,331
1,331
64,321
5,099
65,652
6,430
31.5.24
31.5.23
£
£
1,331
1,331
Hire purchase contracts
31.5.24
31.5.23
£
£
10,700
7,760
64,321
5,099
75,021
12,859		 31.5.23
£
7,630
5,503
13,133
31.5.23
£
7,760
607
15,457
9,503
33,327
31.5.23
£
1,331
5,099
6,430
12,859

continued...

Page 13

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

14. LEASING AGREEMENTS - continued

LEASING AGREEMENTS - continued
Within one year
Between one and five years		 Non-cancellable
operating leases
31.5.24
31.5.23
£
£
9,214
9,214
90,000
90,000
99,214
99,214
99,214

The charity moved from the Surdoc Centre to its new offices in Whitstable in May 2021 on a 5 year lease agreement.

The charity also have lease commitments in respect of Garages for storage.

15. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£ £
Hire purchase contracts 75,021 12,859

All of the charity finance agreements are in the personal names of directors as the Loan institutions were not prepared to advance funds to the charity.

All repayments are met by the charity for the related assets which are wholly & exclusive used for charity operations and no personal benefit is derived by either of the company's directors in respect of those financed assets.

16. MOVEMENT IN FUNDS

Net
movement
At 1.6.23
in funds
At
£
£
Unrestricted funds
General fund
90,173
(10,942)
TOTAL FUNDS
90,173
(10,942)		 31.5.24
£
79,231
79,231

continued...

Page 14

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 100,602 (111,544) (10,942)
Restricted funds
Silver Lady Fund 5,040 (5,040) -
Veteran's Funding 7,500 (7,500) -
Awards for All - National Lottery 20,000 (20,000) -
32,540 (32,540) -
TOTAL FUNDS 133,142 (144,084) (10,942)
Comparatives for movement in funds
Net
movement
At 1.6.22 in funds At 31.5.23
£ £ £
Unrestricted funds
General fund 110,599 (20,426) 90,173
TOTAL FUNDS 110,599 (20,426) 90,173
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 99,083 (119,509) (20,426)
Restricted funds
Silver Lady Fund 4,200 (4,200) -
Veteran's Funding 7,500 (7,500) -
Awards for All - National Lottery 10,000 (10,000) -
21,700 (21,700) -
TOTAL FUNDS 120,783 (141,209) (20,426)

Page 15

continued...

UK Homes 4 Heroes Pride And Passion Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.6.22
in funds
At
£
£
Unrestricted funds
General fund
110,599
(31,368)
TOTAL FUNDS
110,599
(31,368)		 31.5.24
£
79,231
79,231

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 199,685 (231,053) (31,368)
Restricted funds
Silver Lady Fund 9,240 (9,240) -
Veteran's Funding 15,000 (15,000) -
Awards for All - National Lottery 30,000 (30,000) -
54,240 (54,240) -
TOTAL FUNDS 253,925 (285,293) (31,368)

Further information on funds.

Silver Lady provided a restricted grant of £600 per month totalling £6000 with effect from June 2022 for food support.

The Veteran's Foundation provided a restricted grant of £7,500 for the Veteran's Hub at Whitstable.

National Lottery Awards For All provided a grant of £10,000 for Core funding.

17. RELATED PARTY DISCLOSURES

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

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