Charlty Registration No. 1143993 Company Reglstration No. 07710836 (England and Wales) AGE CONCERN CHESTERFIELD & DISTRICT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
AGE CONCERN CHESTERFIELD & DISTRICT LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Scollick Acmonk P Dickinson M Bates Treasurer Rosemary Scollick Secretary Ann Monk Chair Mark Bates Charity number 1143993 Company number 07710836 Rogistered offlce South Lodge Boyihorpe Avenuo Chesterfield DerbYshre S40 2BF Ind8pendent examiner AB Services (Chesterfield) Limited 2 Station Road Bolsover Chesterfield Derbyshire S44 6BE Bankers CAF Bank Ltd 25 Kings Hill Ave Kings Hill West Malling ME19 4JQ Barclays Bank PLC 37 Ros8 Hill Chesterfield S40 1LS
AGE CONCERN CHESTERFIELD & DISTRICT CONTENTS Pago Trustees, report ststement of trustees, responsibilrties Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 10-16
AGE CONCERN CHESTERFIELD & DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association. the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {8ffective 1 January 2019)" Objecllves and activities The objects for whiGh the charity is established and to which it is specifically restricted are to promote the following purposes for the beneffit of the public andlor older people in and around the district of Chesterfield ("the area of benefit"J= 4.1 preventing and reliving the poverty of older people 4.2 advancing education 4.3 promoting equality and diversity 4.4 assisting older people in need by reason of ill-health. disability, financial hardship, social exclusion or other disadvantage. and 4.5 such other charitable purpose for the b8n8fit of older people as the Trustees may from time to tim8 docide the outcome of this being the promotion of well-being of older people. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
AGE CONCERN CHESTERFIELD & DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Age Concern Chesterfield and Dlstrict is the trading name of the charlty; the charfty has a worklng name of BrightLife which is used in the local community. Financial Year 2023124 has. once again, been an extremely cha118nging year for all charities due to the funding nrtaIntIeS and increase in running costs. The costs of running any charity is high and Age Concem Chesterfield and District is not immune to any of the Ghallenges. The challenges faclng th8 charlty are varied:_ The threat of Derbyshire County Council to stop many grants to chartties across Derbyshire. Lack of unrestricted funding Volunteer retention and recruitment Increase in all costs assoGiated with running a small charity High number of ferraIS The charity continues to perfomi well and the main areas of delivery are:. Slgnposting callers to agencies. The charity provides a signp05ting service to older people across Chesterfield, Bolsover and North East Dert)yshire and a record is kept of the calls we receive and the agencies we signpost to. In the finanGial year 23124 Brlghtlife signposted 179 older people, and thelr families, to agencleslservice across the area. The majority of calls we have received were from older people and their families looking for help with :. BenefitAdvic8 and calculation Challenging welfare benefit decisions Care Packages P@ople wishing to challenge d8cisions from Social SeNices Infonnation about aids and adaptations Help with the completion of Lasting Power of Attomey fonn Trying to find a Trusted Trader Telephone Befrlending Servlce Durlng 2023124 the charity has continued to cope with the high numb8r of referrals received for th@ Telephone Befriending Service. The majority of Ihe referrals received are from local GP surgeries and Social Prescribers. Many of the calls we receive are from health professionals trying to access Face to Face Befriending for older people who are lonely and isolated. Unfortunately due to the low number of people volunteering and the difficutty in getting funding, it is very difficult to get funding for Face to Fa befriending. During the year we have received ftjnding from:. Derbyshire County Council Chesterfield Borough Council(in kind) Local Companies Private Individuals Donations In October 2023 the trustees made an application to the National Lottery Community Fund - Reaching Communities. The application was to increase the work we do across the area. Unfortunately, we were informed in January 2024 that the Stsge 1 application was not successful.
AGE CONCERN CHESTERFIELD & DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Marketlng The charity did employ a member of staff to work with local businesses to gain unrestricted funding. Unfortunately, in February 2024 the trustees had to make the difficult decision to make the role redundant. Through the role BrightLife's profile has been increased across Chesterfield, Bolsover and North East Dert)yshire. In March 2024 the second Champions Against Loneliness dinner was held at Chesterfield's SMH Group Stadium and this raised unrestricted funds for the charity. Many local businesses attended the dinner. One purpose of the event was to recognise local people. and groups, who support older people who are lonely and isolated. Volunle•rs During the financial year the charity has been able lo recruit new volunteers. Some have left the chaiity as new ones have come in. On average we have volunteers 80 calls per week over a 52 week period. Some volunteers come into the office betheen Christmas and New Year to call people who do not see anyone over the festlve period. The volunteering hours is around 100 per week. So over 52 weeks 5,200 hours. If the volunteers were paid the national livirbg wag8 of £11.44 p8r hour then this would equate to £59,488. A quote from one of the people the volunteers call I look forward to the call I receive each week because I know that my mood will be lighter after the chat. I can chat about anything that is worying me and somehow. just chatting makes everything seem a lot better. I am not as anxious" Financial rovi6w The net movement in funds for the period was a decrease of £8,823 including a net incr8ase of £690 on unrestricted funds and net reduction of £9.513 on restricted funds. The charity's reserves including r8dundancy payments, but excluding fixed assets, were £47,315 at the end of the financial year. The Trustees have deemed it prudent to hold reserves sufficient to enable the charity to function for 3 months in the absence of any Incomlng funds. The cuffent level of reserves is considered to be adequate to meet this requirement. The trustees has assessed the ms]or risks to which the charity is exposed, and are satlsfied that systems are in p18Ge to mitl9ate expo3uie to the major ri?ks. Structuré, governance and management The charlty is a company limited by guarantee. The trustees, who ar8 also the directors for the purpose of company law. and who served during th8 y8ar and up to the date of signature of the financial statements were: J Duncan (Resigned 30 August 2023) S Gandy (Resigned 25 August 2023) R Scollick Acmonk P Dickinson M Bates The trustees of th8 charity are also the directors for the purposes of company law and are appointed by the members at the AGM. Trustees are appointed for a period of 3 years. and may stand for re-election at the end of that time The trustees, report was approved by the Board of Trustees.
AGE CONCERM CHESTERFIELD & DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONnNUED) FOR THE YEAR ENDED 31 MARCH 2024 of Twstees Dated: *l.1./........
AGE CONCERN CHESTERFIELD & DISTRICT STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors of Age Concem Chesterfeld & District for the purpose of company law, are responsible for preparing the Trustees. Report and the financial ststements in accordan with applicabl8 law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). Company Law requires the trustees to pr@pare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that year. In preparing these finanGial statements, the trustees are required to: select suitable accounting policies and then apply them conslstently. - observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent" and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They ar8 also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AGE CONCERN CHESTERFIELD & DISTRicr TRUSTEES. DECLARATION ON uNUD1TED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2024 In relatlon to the ff nancial Statsments which ccnprise, the Balance Sheet and the relaled noteB: The tru8t8e8 approve the8e financial st8tem6nts and confimi thal they are responsible for them. induding selecling the appropiiate arLounling policies, ap¥ing them consistenty and making. on a r&9SOnab and prudent basis, the judgments underfying them. They have been ppared on the going con¢em basis on'the grounds that-lha chaTity will conttnue in'operstion. The trustees crnfinn that they have made availa1 to AB Sepiiceg (Chesterfield) Limlted, all the charitrfs accounting records an(1 provided all the infomialion necessary for the compilation of the finanoal slatements. The tnleeS InfirM that t(L tha kfftst. of their. knowl* andbebef, the. aCUnn& records rellecL all transacttons of Ihe charity for the ypor ended 31 March 2024. On behalf of the board ale Ch
AGE CONCERN CHESTERFIELD & DISTRICT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFAGE CONCERN CHESTERFIELD & DISTRICT I report to the trustees on my examination of the fin8ncial ststements of Age Concem Chesteffield & District (the charlty) for the year ended 31 March 2024. Responslbilitles and basls of report As Ihe trustees of Ihe charlty (and also its directors for the purposes of company law) you are responsible for the preparatlDn of the fFnancial statements In accordance wrth the requirements of the Companles Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not r&quired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my 8xamination of the charl$ financial statements carrted Dut und8r section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have foll¢)wed all the appllcable Directions given by the Charity Commission under section 145(5)(b) of tho 2011 ACL Independent examiner's Statsment I have completed my examination. I confirm that no matters have come to my attenllon in C¢Jnnectlon wlth the examlnation glvlng me cause to believe that in any material respecL' accounting records were not kept in respect of th8 Gharity as required by sedon 386 of the 2006 Act. or the financial statements do not accord with those records.. or the financlal statements do not comply with the acGountlng 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 Gon8Fdered as part of an independent examination., or the flnanclal statements have not been prepared In acwrdance wlth the methods and princlples of the Statement of Recommended Practice for accounting and reporting by charit]es appli¢abl& to charfties prep2rlng their accounts In accordance wrth the Financial RéportlrMJ Standard applicable In the UK and RepubllG of Ireland (FRS 102). I hav8 no COnmS and have come across no other matt6rs In connection with th8 examinallon to whlch attèntion should be dravm in this report in order to enable a proper understanding of the financial statements to be reached. AB Servi8 (Chesterfteld) Ltmlt8d 2 Station Road Bolsover Chesterfield Derbyshire S44 6BE
AGE CONCERN CHESTERFIELD & DISTRICT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes tsfr ande Donations and legacies Other trading activities Inv8Stments Other income 12,032 19.185 228 15.741 27,773 19,185 228 19,471 17.311 76 60 20,666 40,137 17,311 76 60 Total income 31.445 15,741 47.186 36,918 20,666 57,584 en Charitable activities 30,755 25.254 56,009 28.296 24,134 52,430 Net Incomel(axp8nditure) for the yearl Net movement in funds 690 (9,513) (8.823) 8,622 13,468) 5,154 Fund balan5 at 1 April 2023 62,809 {6.404) 56,405 54,187 (2,935) 51,252 Fund balances at 31 March 2024 63,499 (15,917) 47,582 62,809 (6.403) 56,406 The statement of financial actiwties includes all gains and losses r8cognised in the year. All income and expenditure derive from continuing activities. The statem8nt of ftnanGial activltles also complies wlth the requirements Tor an Income ancl expenditure account under the Companies Act 2006.
AGE CONCERN CHESTERFIELD & DISTRICT BALANCE SHEET AS AT31 MARCH 2024 2023 Note• Axèd assets 267 532 Current assets Debtor8 Cash al bank and in hand 11 1,160 46,309 450 56,580 47,4fj9 57,030 Cr•dltors: amounts falllng due wlthln one year 12 {154) (1.157) Net eufrent ass•ts 47,315 55,873 Totsl ass•ts lets current N•bllltles 47,582 56,406 Income funds Restricted funds Unrestn'Gted funds 13 (15,917) 63,499 (6,403) 62.809 47.582 56.406 The company is entitled to Ihe exampllon from the audlt requlrement conlakned In 8ectlon 477 of Ihe Cownies Aot 2QQQ far. th& year ended 11.Mar.i*J 2Q24. The directors acknOedge their reSpobIlftles for comptying wEth the requirements of Ihe Companles Act 2006 4th respect to acnttng records and the preparation of finandal stat8m8nl8. The members have not required the ccmpany to obtain an eudit of its financi81 ststements for the year in These litnCIal statements have been prepared in accordance with the provtsions ap1¢able to companies subject to the small compleS regime. The flnancial statements were approved by the Trustees on .So/?/.2s of Trustee8 Company R¢gislration 117710836
AGE CONCERN CHESTERFIELD & DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aceountlng polieies Charity inforniatlon Age Concern Chesterfield & District is a private company limited by guarantee incorporated in England and Wales. The registered office is South Lodge, Boythorpe Avenue. Chesterfield, Derbyshire, S40 2BF. 1.1 Accounting convention The financial statements have been prepared in accordsnce with the charity's Articles of Association, the Companies Act 2006 and 'Accounting and Report5ng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK 2nd Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Enb'ty as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bullets'n 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetsry amounts in these financial statements ar8 rounded to the near8St £. The financial statements have been prepared under the hislorical cost convention, modified to indude the revaluation of freehold properties and to indude investment properties and certain financial instrurnents at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in oper8tlonal exist8nce for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitabl8 funds Unrestricted funds are available for use at the discrelion of the trustees in fijrtheranco of their charitable obj8ctives. Restricted fijnds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in th8 notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. Legacies are recognised on receipt or oth8rwise if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conkn'ngent asset. 1.5 Expenditure Expenditure is recognised on an annual basis as a lability is incurred. Expenditure includes any VAT which cannot be fulty recovered, and is reportable as part of the expendtture to which il related. 10-
AGE CONCERN CHESTERFIELD & DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Contlnued) 1.6 Tangible fixed assets Tangible fixed assets are initially m8asured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Fixtures and fittings 20 % Straight Line The gain or loss arising on the disposal of an asset is detennined as the difference beeen the sale prOedS and the carrying value of the asset, and is recognised in net income/{expenditure) for the year. .7 Impaimient of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to d8terrnine the extent of the impaiment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or les5, and bank overdrafts. Bank overdrafts are shown within bomwings in current liabilities. 1.9 Flnancial instruments The charity has elected to apply the provisions of S8Ction 11 'Basic Financial Instruments, and Section 12 'Other Financial Instrum8nts Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and th8r8 is an intantion to S8ttl8 on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic frnancial assets. which include debtors and cash and bank balancgs, are initially measured at transaction price including transaction costs and a subsequently carried at amortised cost using the effective interest method unless the arrangement constitthes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financia assets classified as receivable within one year are not amortised. 11
AGE CONCERN CHESTERFIELD & DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounling policies (Continued) Basic financlal liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of intsrest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilff(18s. Trade creditors arg recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of flnancial liabilities Financial liabilÉlies are dereGognised when the charity's contractual obligations expire or are discharged or canlled. 1.10 Employee benefrts Tgrmination benefits are recognised immediately 88 an expens8 when the charity is d8monstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement beneflts Payments to defin8d contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Leases Rentals payable under operating leases, including any lease incenlives received, are charged as an expense on a straight line basis over the temi of the relevant leas8. Critlcal accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying 8mount of assets and liabilities that are not readily appar8nt from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the 8Stimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both Current and futur8 periods. 12-
AGE CONCERN CHESTERFIELD & DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legaclas Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants Other 12,032 12.032 15,741 19,071 19,071 20,666 400 15,741 20,666 400 12,032 15,741 27,773 19,471 20.666 40.137 Grants: The Lottery Community Fund Derbyshire County Council Coalfield Regeneration Trust 9.925 9,925 10,741 10.741 10,741 10,741 5,000 5.000 15,741 15.741 20,666 20,666 Othar tradlng actlvltles Unrestricted Unrestricted funds funds 2024 2023 Fundraiaing events 19,185 17,311 Investments Unrestrictsd Unrestricted funds funds 2024 2023 Interest receivable 228 76 13-
AGE CONCERN CHESTERFIELD & DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Oth•r Income Totsl Unrestricted funds 2024 2023 other income 60 Charitabl8 a¢tivitles Unrestrlcted Restricted Funds Funds 2024 2024 Totalunrestrlcted Restricted 2024 Funds Funds 2023 2023 Total 2023 Staff costs Depreciation and Impairment Rent & electricity Cleaning Maintenance Telephone, computer & copier Volunteer expenses Stationary & postage Insurance Bank charges Professioanl fees Sundry Marketing 21,887 12.666 34,553 20,311 12.666 32,977 266 266 5.035 797 1,787 266 266 4,690 868 843 5,034 622 1,752 4,689 693 826 175 35 175 17 54 274 125 2.200 312 37 273 60 2.144 2,254 586 162 273 60 3,367 174 6,695 60 73 139 2,163 280 120 634 72 1,946 2,223 353 259 634 100 4,259 12 4.946 28 2.313 12 4,901 1,223 174 6,541 154 45 30.755 25,254 56.009 28,296 24.134 52,430 30,755 25,254 56.009 28,296 24,134 52,430 Analysls by fund Unrestricted funds Restricted funds 30.755 30.755 25,254 28.296 28.296 24.134 25.254 24.134 30,755 25.254 56,009 28,296 24,134 52,430 Trustses None of the trustees (or any persons Gonnected with them) reiVed any remuneration or benefits from the charity during the year. 14-
AGE CONCERN CHESTERFIELD & DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees The average monthly number of employees during the year was: 2024 NuMr 2023 Number Employment costs 2024 2023 Wages and salaries other pension costs 33,274 1,279 32,740 237 34.553 32.977 10 Tangiblg flxed assets Flxtures and )ryttlng8 Cost At 1 April 2023 11,261 At 31 March 2024 11,261 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 10,728 266 At 31 March 2024 10.994 Carrying amount At 31 March 2024 267 At 31 March 2023 533 11 Debtors 2024 2023 Amounts falllng due withln ono y8ar: Trade debtors Other debtors 760 400 50 400 1,160 450 15-
AGE CONCERN CHESTERFIELD & DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Craditors: amount8 falling due wlthin ono year 2024 2023 Trade creditors Other creditors 18 136 1.157 154 1,157 13 Restrfcted funds The income fijnds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes- Movament In funds Incomlng Re5ourcg8 Balance at resources expend9d 1 Aprll 2023 Movemént In funds Incomlng r050urces Balance at 1 Aprll 2022 Resources Bala[w at expanded 31 March 2024 Coalfield Regeneration Telephone Befriending 5.000 5.000 (2,935) 20,666 (24.134) (6,404) 10.741 (25,254) (20,917) (2,935) 20.666 (24,134) (6,404) 15.741 (25,254) (15,917} 14 Analysis of net assets between fund5 Unrg$tricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Totsl 2024 2023 Fund balances at 31 March 2024 are represented by: Tangible assets Current assetsl (liabilities) 267 267 533 533 63.232 (15,917) 47,315 62,276 (6,403) 55,873 63,499 (15,917) 47.582 62,809 {6,403} 56.406 15 Related party transactions There were no disclosable related party transactions during the year (2023 - none). 16-