Registered number: 07570613 Charlty number: 1142242 THE GEOFFREY HARRISON FOUNDATION {A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE GEOFFREY HARRISON FOUNDATION IA company limited by yuaranteel CONTENTS Page Reference and admlnlstratlv& datalls of the Company. its Trusto*s and advlsers Trusteos, rèport Indepènd•nt examlner's report statement of financial activities Balance shèèt Notes to the financial statements 9-16
THE GEOFFREY HARRISON FOUNDATION IA eompany lim5ted by guarantsel REFERENCE AND ADMINISTRATfvE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees C J Afvard G Booth D Foskell G C Harrison G G Harrison R D HarTison Lord R G A Lingfield Company 91$t•r•d number 07570613 Charity r•glstsr8d number 1142242 Registered office Oxford House Oxford Road Thame Oxfordshire OX9 2AH Page 1
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report along whh the finanaal statements of the Foundation for the year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable cotnpany comply with the current slalulory r¥qu1MentS, the requirements of the charitable company's governing document and the provi510ns ol the Slalement of Recommended Practice ISORPI applieable to charities preparing their accounts in accordance with the Finan¢i81 Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 l&ffÈ¢tive 1 January 20191. Sln¢e the Company qualifies as srnall under section 382 of th8 Companies Act 2006, the Slialegic report required of medium and large companies under the Companies Act 2006 Islralegie Report and Directors, Report) Regulations 2013 has been omitted. Structure, govèrnancè and managemènt Thè Governing Document of the Charity is ils Memorandum and Articlès of Association dated 15 March 2011. The company. limited by guarantee, was incorporated on 18 March 2011. 11 is registered with the Charity Cornmis510n Iregislralion dale 3 June 2011 and number 11422421. The goveTning body is the Board of Trustees. The Trustees have control of the Foundation and ils property and funds. Trustees are appointed by the existing Trustees ol the Foundation. On appoinlm8nt the process is Éxplainèd to nèw trustees and they are aoquainted with the current position. The Trustees meet regularly throughout the year lo consider grants lo be made. existing charitable aclivilies, current reserves and risk management policies and performance. The day lo day adminislralion is delegated lo the company secretary and his support Staff. Trustees The trustees throughout the year and lo the dale ol this report were.. C J Award G Booth D Foskett G C Harrison G G Harrisori R D Harrison Lord R G A Lingfield Risk management The Trustees are aware of thèir responsibilities to assess and manage both exlemal and internal risks lo the FoLJndallon and annually ieview the risks and assess their relevance lo the current and future years. Any risks identified are considered regularly by the Trustees and appropriate actions taken lo reduce 01 er8di¢atè Ih&s8 concerns. Objectives and activities The Govtrming Do¢umènl ol the Charity, the Metvorsndum 8nd Articles of Association, sets out the objects of Ihtr charity which are all purposes that are charitable under Ihtr laws of England and Walè8 from timè to time and in particular lo advance education and learning in the UK in connection with the hotel, restaurant and hospitality industries and to help young people to develop their capabilities and grow lo malurily as individuals and as members of society- The Geoffrey Harrison Foundation was sel up by Geoffrey Harrison an¢J the other directors of Harri50n Catering servIs Ltd. Page 2
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Oblectlves and actlvltles Icontinuedl Geoffrey Harrisori explained the reasons for launching the Foundation, Having enjoyed a lifelong Career in this rewarding industry, I decided, with the support of the Harrison Caltrring Servi¢8s directors, lo establish the Foundation, so that we could help young people with an interesl in catering lo benefrt frorn the opportunitie5 afforded lo me.. The Irustè&s have decid&d that the Foundation should locus on encouraging year 10 and 11 sludonts who have an int8r051 in pursuing catering as a career. Funding has been provided lo allow students lo attend Saturday course5 al le3ding inslilulion5'. Weslminsler Kingsway College IWKCI, the Univ8rsrty of West London IUWLI and Loughborough College ILCI. To date more than two thousand two hundied students have eompleted a junior ohefs, course sponsored by The Geoffrey Harrison Foundation. Grant making policy The trustees meet regularly to consider what grants they will make and lo review any feedback they have rèceived. Achievements and perfomiance for the publlc benefit The Iruslees have paid due ¢onsideralion lo the guidance issued on publlc benefrt by the Ch8rlly Commlssltsn and believe that the Foundation meets the requirements. During the year the Foundallon funded 21 couises, each Tnade up of erf(her len half days or five full days. On each course there were plaS for beeen 12 and 18 students. Students attended Courses al either Weslminsler Kingsway Colleg&, the Unlvèrsily of Wesl London, or Loughborough College. The Foundation also funded the Geoffrey Harrison Foundation Scholarship for a student at UWL who is studying for a degree in Inlernational Hospitalrty Management. Wè havè an exc8plional group of Iruslees who all donate their lime freety. Qualifying third party Indemnlty provislons The ¢ompany has arranged qualifying third party indemnity for all of ils directors. Page 3
THE GEOFFREY HARRISON FOUNDATION IA eompany Ilmited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Flnan¢lal revl•w The accounts. together with explanatory notes as sel out on pages 7 10 16, summarise the transactions of the Foundation during the year ended 31 March 2023. The Foundation's voluntsry income included a donation by H8rrison Catering Services Limited of £55,00012023'. £50,000) together with a grant from Savoy Educational Trust of £40,500 12023.. £40,500). Th8 Trustees are slneer81y grateful lo these Iwo organisaliolls for their generolis support. Expenditure during the year has mainly related lo the co81 ol providing junlor chef courses at WKC, UWL and LC, together with the Geoffrey Harrison Foundation Scholarship al UWL. Investm•nt polley and pèrformane¢ Under the Memorandum and Articles of Association, the charity has the power lo invest in any way the Trustees wish. The Trustees, having regard to tho IiqLJidily requirements of the Foundation and lo the reserves policy look the deasion lo open a deposit account towards the end ol the financial year. R•sgrv•s pollcy The charity holds reserves to cover ils operational costs and lo meet existing comrnilrnenls. The Trustees aim lo keep administration costs to a minimum in order to ensLJre that most of the income generated is distributed. To do so the Foundation opèralas on mlnlmal overhead5 with rnany seTvlces 8nd fa¢ilili&s provided by Harrison Caleiing Services Limited. The unrestricted and dèsignated funds ale expendable 81 the discretion of the Board of Iruslees, in furtherance of the objec15 of the funds. Al 31 March 2024 lolal reserve5 were £72,025 12023.. £64,361) and general unrestricted reserves were £45,02512023.' £37.3611. This Gurrenl reserve level is deemed sufficient lo cover all commitments for the next 12 months. Pl3ns for the future periods Several more courses have been planned for year 10 8nd 11 students lo attend ovtsr the balance of Ihts 2023124 ac8deml¢ ye8r, and thi5 can be funde(I from the re3erve5 currently held. The Savoy Educational Trust has agrèèd lo provide 500h funding towards up lo 21 courses per year for the academic years 2023124 and 2024125 and Harrison Catering Services has cornmilled lo match this funding. These generous commitments will enable the Foundation to give many hundreds of young people the opportunity to cook in a commercial kitchen under the guidance ol a professional chef lecturer. The Foundation rnay also prowde giants to individual 51udenls al Weslminsler Kingsway College and the Unwersity of Wesl London, who show exceptional talent and would benefit from specific support. More information on the background 8nd work of the charity can be found al the Foundation's website wvw.geoffreyharrisonfoundalion.org.uk Page 4
THE GEOFFREY HARRISON FOUNDATION IA ¢ompany Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 statement of responsibilities The Trustees (who are also the directors of the Companyf or the purposes ol wmpanyl awl are responsible for preparing the Trustees, report and the financial st8t8ments in accordance with applicable law and United Kingdom Acwunting Standards (United Kingdom Generally Acc8Pt8d Accounting Practice). Companyl aw requires the Trustees lo prepare financial statements for each financial y8ai. Under companyl aw, the Trustees must not appitsve the financial statements unless Iheya re satisfied that theyg ive a true and lair view of the slate of affairs of the Cornpanya nd ol ils incoming resources and application ol restsurces, including its in¢ome and expenditure, for that period. In preparing these financial statements. the Trustees ar8 required to.. select suit8bl8 accounting poliei6s and then apply them consislenlly., observe the methods and principles of the Chariti8s SORP IFRS 1021.. make judgments and accounting eslirnales that are reasoriable and prudent., st819 whether applicable UK Aecounting Standards IFRS 1021 have been followad, subject to anymaterfal departures disclosed and explained in the linanoial statetnents., prepare the financial slalemenls on th8 going concern b8sis unless it is inappropriate to presume that the Company wll continue in business. The Trustees are responsible for keeping 8dequatg ac¢ounting rectsrds that are sufficient lo show and explain the Companls transactions and disclose with reasonable accuracya l anyt ime the financial position ol the Companya nd enable them to ensure that the financial statements complyw ith the Compani@5 Act 2006. They are also r8spollsibl8 for safèguarding the assets of the Companya nd hence for taking reasonable steps lor the pr9venlion and detpGtion of fraud and othgr irregularities. The trustees wish to thank everyone associated with the Foundation for all their lirne and enlhusiasrn in supporting our objectives. This report has been prepared in accordance with the provisions applicable to companies subject to the small ompanies, regime. This report has been approved by the Board of Trustees. arnson Chaimian of Trustees Pag8 5
THE GEOFFREY HARRISON FOUNDATION IA company limit•d by guaranteel INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Indèpèndènt Examinevs Report to the TTUSte•s of Thè Geoffrey Harrison Foundation I'th Company'l I report lo the Charity Trustees on my examinats'on of the accounts ol the Company for the year ended 31 March 2024. Rèsponslbllltles and Basis of Report As the Trustees of the Company {and ils direc1015 for thè purposes of company lawl you are responsible for the prepar8lion ol the accounts in accordance with the requirements of thè Companies Act 2006 Cthe 2006 Acl'l. Having satisfied myself that the accounts of the Compally are not rttquired lo b8 audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my exatninalion of the Company's accounts carried out under section 145 of the Charities Act 20111.the 2011 Act'}. In carrying out tny 8x8minalion I hav8 followed the Directions given by the Charity Commission under section 14515llbl of Ihe 2011 Act. Independent Examln•r's Statement I have completed rny examination. l ¢onfirm that no matters have come to my attention in ¢onng¢tion with the examination giving me cause to believe.. accounb'n9 records were not kept in respect of the Cornpany as required by section 386 of the 2008 Act,. or the accounts do not accord with those records., or the aeeounts do not comply with the accotjnling requirements of section 396 of the 2006 Act other than any iequirernenl that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in a¢¢ordan¢e wllh thè m•lhods and principles of the Statement of Recommended Practice lor accounting and reporting by charities applicable lo chaiilies preparing their 8¢counls In accordancs with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I havè no ¢oncoms and have come across no other matters in connection with the examination lo which attention should be drawn in this report in ordei lo enable a proper understanding of the accounts to be reached. This report is made solely to the Companys Trustees, 8$ a body, in accord8nce with Part 4 of the Charities {AOUnt5 and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the Company's Trustees those matters l am required lo slalts lo Ih&m in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or as8urne re5ponsibillly lo anyone other than the Company and the Companys Trustees as a body, for my work or for this Teport. Signed.. Alan Poole BA (Honsl FCA James Cowper Kreston Chartered Accountants Reading Bridge House George Slrtsel Reading Berkshire RG18LS Dated.. 21 November 2024 Pagtr 6
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantè&1 STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Restricted Unrèstrlcted funds fund$ 2024 2024 Total fijnds 2024 Total funds 2023 Nots Income from: Donations and legacies Investments 40.500 55,022 95,522 90,514 Total income 40.500 55,027 95,S27 90,514 Expèndlturè on: Charitable aotivities 40.500 47,363 87,863 88,835 Total expendlturg 40.SOO 47,363 87.863 88,835 Net movement in funds 7,664 7,664 1,679 R¥¢on¢ili#tion of funds- Total lund5 brought forward Ng1 movemtrnl in fund8 13.500 50,861 7,664 64,361 7,664 62,682 1,679 Totsl funds carried forward 13.500 58,525 72,025 64,361 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on page5 9 10 16 fomi part ol these financial slalernenls. Page 7
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) REGISTERED NUMBER.. 07570613 BALANCE SHEET ASA T 31 MARCH 2024 2024 2023 Nota Current assets Debtors Cash at bank and In hand 7,430 93,10Y 92,801 100,537 92.801 Creditors.. amounts falllng due within one year 10 128,5121 128.4401 Nèt eurrfrnt assets 72,025 64,361 Total net 855etS 72,025 64,361 Chartty funds Restrlcted funds Unrestricted funds 13,500 13,500 Designated funds General funds 13,500 45,025 13,500 37,361 Total unrestricted funds 58,525 50,861 Total funds 72,02S 64,361 The Cornpany was 8nlilled to exernption from audit under section 477 of the Companies Act 2006. Th9 members h8V8 not rèquired the eompanyt o obtain an audit for the yeari n question in accordance wth sedion 476 of Compani85 Act 2006. The Trusteesa cknowledge their responsibilities for corrplyng with the rèquirements of the Act with respect lo a¢¢ounting e0rd$ and preparadon of financial slalements. The financial statements have been prep8r9d in accordance wlth the provisions applicable to enlilies subject lo the small companies regime. Thg financial staternent5 W8r8 approved and authorised for issue bythe Trustees and signed on Ih8ir behalf by.. G C Harrison Dale., 071111202 Tho notes on paggs 9 to 16 fom part of these financial statements. Page 8
THE GEOFFREY HARRISON FOUNDATION IA company Ilmlt•d by guaranteol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The Geoffrey Harrison Foundation is a Company limited by guarantee and a registered charty Icornpany nurllbfyr 07570613 and England and Wales registered charity number 11422421. It is governed by ils Memorandum of Association and ils registered office is Oxford House, Oxford Road, Thame. Oxlordshire OX9 2AH. Aecountlng pollcles 2.1 Basis of preparation of financial statements The flnancial slal¥m8nls have been prepared In accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Charities.. Slalernenl of Recomrnended Practice applie8bla lo charilles preparing their accounts in accordan with Ihe Financial Reporting Standard applicable in the UK and Rèpublic of Irèland IFRS 10211offèclivè 1 January 20191, the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Act 2006. The Geoffrey Harrison Foundation meets the defiriition of a public benefit entity under FRS 102. A55els and li8bililies 8re initially ie¢o9nised 81 historical or ti8ns8clion value unless oth8twise staled in the relevant accounting policy. 2.2 Golng conc8m The Trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties related lo events or conditions that may cast significant doubl on the ability of the foundation lo wnlinue a going conTrrn. The Tluslees make thi8 assessment in respect of a period of al 18asl one year trom the dale of aulhorisalion for issue of the financial statements and have concluded that the foundation has adequate resources lo continue in operational existen for the foreseeable future and there are no material uncert8inli8s about the foundation's ablllty lo eontinue as a going ¢oncern, thus they continue lo adopt the going concern basis of accounting i preparing the financial stalemenls. 2.3 In¢om• All income is recognised On the Company has enlitlemenl lo the income, it Is prob8ble that the income will be recèived and thè amount of incotne ieceivable can be measured reliably. Grants are included in the Slalemenl of financial activities on a receivable basis. Th6 balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balaneè sheet. Where incorng is received in advance of enlillemelll of reGe1pl, ils reeognilion is deferred and included in creditor5 as deferred income. Where enlitlemenl occurs before income is received. the income is accrued. 2.4 Expondltur8 Charitable activities include expenditure associated with the operation of the foundation and the provision ol its objectives. 11 also includes governancè costs. whleh consist of costs incurred In ensuring compliance with eonstitutional and slatulory requirement3. 2.5 Interest receivable Interest on funds held on deposit 18 included when receivable and the amount can be rneasured reliably by the Company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are dèposited. Page 9
THE GEOFFREY HARRISON FOUNDATION IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies leontinuedl 2.6 Debtors Trade and other debtors are recognised al the selllernenl aTnounl 8ft8r any trade discount offered. Prepayments arè valued al the amount prepaid net ol any trade discounts due. 2.7 Cash at bank and in hand Cash al bank and in hand in¢lud8s ¢Èsh and short-term highly liquid inveslmenl3 with a short malurlty of three month8 OT less from the dale of acquisition or opening of the deposit or similar account. 2.8 Ll3bllltl•s and provlslons Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past trvenl, il is probable that 8 transfer of e¢onomic benèfit will be required in selllemenl, and the amount of the selllemenl can be e51imaled reliably. 2.9 Flnanelal Instrumènts The Company only ha5 financial assets and financial liabilities ol a kind that qualify 2$ basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently me8$ud 81 atnortlsed cost using the effective intere51 method. 2.10 Fund accounting General funds are unrgslricted funds which are avail8ble foi use 81 the discretion of the TIu5t88s in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise uNreslri¢led funds that have been sel aside by the Trustee5 for parti¢ular purposes. The aim and use of each designated fund is sel out in the notes lo the financial statements. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raisèd by the Company for partieular purposes. The costs of raising and 8dminislering such funds are chaiged against the specif5c fund. The aim and use of each reslrl¢t$d fund 18 Sel out in the notes lo the financial slalemenls. Investment income, gains and losses are allocated lo the appropriate fund. Page 10
THE GEOFFREY HARRISON FOUNDATION IA company limlt¢d by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incorne from donatlons and lègacies Restricted Unrostrietèd funds funds 2024 2024 Total funds 2024 Total funds 2023 Harrison Catering Services Limited Savoy Educational Trust Other donations 55,000 65,000 40,500 22 50,000 40,500 14 40,500 22 40,500 55,022 95,522 90,514 Total 2023 40,500 50,014 90,514 Inv•stmènt Ineomè Unrestricted funds 2024 Total funds 2024 Total funds 2023 Interest received Analysls of oxp•ndlturè on eharltablè actlvStl•s Summary by fund type Restricted Unrestricted funds funds 2024 2024 Total 2024 Total 2023 Grants payable Support cos18 40,500 45,500 1,863 86,000 1,863 87,000 1,835 40,500 47,363 87,863 88,835 Total 2023 27,000 61,835 88,835 P8ge 11
THE GEOFFREY HARRISON FOUNDATION IA eompany limited by gu#rdnte•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expenditure by activities Direct costs 2024 Support Costs 2024 Totsl funds 2024 Total funds 2023 Grants payable Support C051s 86,000 86,000 1,863 87,000 1.835 1.863 86,000 1,863 87,863 88.835 Total 2023 87.000 1,635 88,835 Analysls of dlrect costs Total funds 2024 Total funds 2Q23 Junior Chef courses Student support 81,000 5,000 81,000 8,000 86,000 87,000 An•lysis of support ¢o$ts Total funds 2024 Total funds 2Q23 Wèbsite expens95 Indtsp&ndenl Examinevs fèes Bank ¢h8rges HMRC pgnallies Travel expens9$ 109 1,512 185 48 1,500 187 100 57 1,863 1,835 Page 12
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarante&l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Independent examinee¥ remuneration 2024 2023 Fees payable to the Companls independent examiner for the independent examination of the Companls annual accounts 1,512 1,500 Trustees. remuneration and expenses During th& year. no Trustees recawgd any remuneration or other benefits {2023- £NILI. During the year ended 31 March 2024, expenses lolalling £57 were reimbursed lo one ol thè Trustèes {2023- £NILI in relation lo travel expenses. Debtors 2024 2023 Prepayments and accrued income 7,430 10. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 3,000 25.440 28,512 28,512 28.440 Page13
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarant•èl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 statement of fvnds Statement of funds - current year Balance at 31 March 2024 Balance at I April 2023 Transfers Inlout Income Expèndlture Unrèstrlct•d funds Designated funds Designated Funds 13,SOO 140.5001 40,500 13,SOO General fund$ General Funds 37,361 55.027 16.8631 140,5001 45,025 Total Unrèstrlctad funds 50,861 55.027 147.3631 58,525 Restrleted funds Reslricled Funds 13,500 40.500 140,5001 13,SOO Total of funds 64,361 95.527 187.8631 72,025 Restricted funds Re51rided funds is made up of the grant rec8lvÈd from Savoy Educational Trust which is to be used as matched funding towards the Foundation's junior chef programme, allowing young people lo att8nd coursès at Wèslrninstar Kingsway College, th6 University of West London and Loughborough College. P8g8 14
THE GEOFFREY HARRISON FOUNDATION IA eompany limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Statèmènt of funds Icontlnu•dl statement of funds . prior year Balance al 31 March 2023 Balance al 1 April 2022 Transfèrs inloul Income Expenditure Unrestricted funds De$lgnated funds Designated Funds- 811 funds 127,0001 40,500 13,500 General funds GeneTal Funds 62,882 50,014 134,8351 140,5001 37,3e1 Total Unrestrlcted funds 62.882 $0.014 161,8351 50,861 Restricted funds Resliicted Fund5- all funds 40,50Q 127,0001 13,500 Total of funds 62,682 90,514 188,8351 64,361 Page 15
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Analy$i$ of net a¥¥ets beleen funds Analysls of net assets be&•A funds - ¢urrènt poriod Restrlcled Unr•stricted funds funds 2024 2024 Total funds 2024 Current assets Creditors due within onè year 27,000 113,5001 73,537 115,0121 100,S37 128,5121 Total 13,500 58,525 72,025 Analy$l$ of net assets between funds - prlor pèriod Restricted Unreslrieted funds funds 2023 2023 Total funds 2023 Current assals Creditors due within one year 27,000 113,5001 85.801 114,9401 92.801 128,4401 Total 13.500 50,861 64,361 13. Related party transactions During the year, the fovndalion received grants from Harrison Catering Serwces Limited amounting lo £55,00012023'. £50,000). G C Harrison, C J AOward, G G Harrison and R D Harrison ar6 all dirèctors of Harrison Catering Services Lirnited. They are also directors of ils parent company, Harrison SD Holdings Limited. Page 16