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← Watford African Caribbean Association Limited

2025-03-31-accounts

Charity registration number 1144021 (England and Wales) Company registration number 07618383

WATFORD AFRICAN CARIBBEAN ASSOCIATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

WATFORD AFRICAN CARIBBEAN ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Clive Saunders OBE Amidou N'jie Valerie Osborne Pearline McFarlane Daisy Peets Marcia Johnson Eva Mbiru Khadijah Jervis Joseph Inniss Samantha Hutchinson Meshaki Msacky Zora Johnson- Froggett Chair Clive Saunders OBE Secretary Marcia Johnson Charity number 1144021 Company number 07618383 Registered office Holywell Community Centre Chaffinch Lane Tolpits Lane Watford Hertfordshire Independent examiner John Wilson FCA ATII Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 0NE

(Appointed 28 July 2024) (Appointed 28 July 2024)

WATFORD AFRICAN CARIBBEAN ASSOCIATION

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 16

WATFORD AFRICAN CARIBBEAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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 governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The charity's objects are to promote the benefit of the inhabitants of Watford and the surrounding areas (hereinafter called the area of benefit) without distinction of sex or political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving conditions of the said inhabitants and there has been no change in these during the year.

The charity aims, through its activities to:

In order to achieve these objects the charity operates the following projects and activities:

Information and advice range from training, immigration, volunteering, education to discrimination.

The charity also hosts a number of other cultural events and activities (Black History Month activities, visits and other social activities).

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Volunteers

Volunteers continue to play an important role within the Association. All Trustees, along with the Co-ordinators for the Thrive Youth Project and our 50+ activities are volunteers, as are most of the people who help out at the events and celebrations undertaken. Volunteer work ranges from general administrative tasks, to planning and setting up events. The Association estimates that its volunteers provide about 1,500 hours of service, for which it is grateful.

The Trustees also wish to record their heartfelt thanks to the many volunteers without whom the charity would be unable to maintain the quality of service at the level of expenditure that is currently enjoyed.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives

Thanks to the core funding from Three Rivers District Council, the Association has been able to extend our activities and to have an in person presence alongside continuing with virtual engagements and to satisfy its stated objectives during the year through:

The association is still without a permanent location for its activities and as such will continue to be dependent on facilities provided by others including members of the Board of Trustees for which we are very grateful.

We have continued some of our face to face activities and set up others; at the same we continue to engage with our members and service users virtually as much as possible and we are now likely to continue to do so for the foreseeable future. We continue to have a number of active WhatsApp groups that enables us to keep in touch. We continue to use Zoom in particular and MS Teams to plan, organise and deliver activities. Our Black History Month activities remain some of the most successful we have ever delivered all virtually throughout the year.

Financial review

The Trustees report that there was a deficit for the year of £2,433 (2024 surplus of £10,574).

The charity continues to seek funding to support various projects in the community to benefit its members, the African Caribbean community and the wider Watford community.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. At least this level of reserves has been maintained throughout the year.

Under the Articles of Association, the charity has the power to make any investment that the Trustees see fit.

The Trustees operate a Virgin Money Savings account to enable some return on reserves during difficult saving environment.

Major risks

The trustees have assessed and reviewed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. These risks include damage to reputation, criminal acts, data loss, health and safety and a change of funding sources.

Internal risks are minimised by the implementation of procedures for the authorisation of all transaction and projects to ensure consistent delivery of all operational aspects of the charity. These procedures will be periodically reviewed to ensure that they still meet the needs of the charity. The Trustees have conducted their own review of the major risks to which the charity is exposed and have established systems to mitigate those risks.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The latest Risk Assessment was conducted up to March 2025 following the framework set out by the Charity Commission. The focus was on identifying the key areas of risks and the priorities for the organisation in the light of the emerging environment. Strategies were identified to mitigate the potential risks that have been identified. Trustees continue to work towards ensuring that the organisation remain sustainable and relevant and thereby mitigate any risks identified.

Plans for future periods

The Association will strive to meet the varied and changing needs of the African & Caribbean Community and also work towards sustainability of the Association and procuring access to a permanent place for its operations and secure a sustainable funding base for its activities.

The charity has recently secured funding from Three Rivers District Council and Hertfordshire Community Foundation that are now the main external financial sources of income and finances remain challenging. In the circumstances the charity continues to take an approach based on the increased use of volunteers and constantly looking at minimizing costs to ensure that services are more sustainable over a longer time period. Trustees are continuing to keep the situation under review whilst maintaining some services using volunteers and at the same time continuing to seek out alternative funding to create more flexibility in the future. The Charity is continuing to monitor all areas of finance to ensure that it remains viable in the difficult circumstances that persist.

Structure, governance and management

The charity was founded in 1976 to meet the educational, social and cultural needs of the African and Caribbean Community of Watford and its surrounding areas. The charity became a company limited by Guarantee (Watford African Caribbean Association Limited -Company No. 07618383), on 28 April 2011 and registered as a charity (charity number 1144021) on 27 September 2011 under the Articles of Association agreed by Companies House on 28 April 2011.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Clive Saunders OBE
Amidou N'jie
Valerie Osborne
Pearline McFarlane
Daisy Peets
Garnet Hinds (Resigned 28 July 2024)
Marcia Johnson
Eva Mbiru
Khadijah Jervis
Joseph Inniss
Samantha Hutchinson
Joan Allison (Resigned 28 July 2024)
Elaine Nembhard (Resigned 28 July 2024)
Meshaki Msacky (Appointed 28 July 2024)
Zora Johnson- Froggett (Appointed 28 July 2024)

Recruitment and appointment of trustees

New Trustees are nominated and elected at the annual AGM or co-opted at a meeting of the Trustees. All Trustees are given a Trustee pack which includes the policies and procedures for the Association. In addition, the Trustees are expected to attend relevant training courses run by the Watford and Three Rivers Trust or other similar organisations.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Organisational structure

The management of the Association consists of members, elected at the AGM, who form the Board of Trustees. It is the Trustees' responsibility to make the final decision in relation to the Association. Some of these decisions are delegated to sub-committees who have responsibility for specific areas of work, e.g. personnel and finance.

The Association does not employ any staff at present but is well supported by a number of volunteers.

The trustees' report was approved by the Board of Trustees.

Clive Saunders

Clive Saunders OBE

Trustee

10 July 2025

WATFORD AFRICAN CARIBBEAN ASSOCIATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors of Watford African Caribbean Association for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare 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 financial statements, the trustees are required to:

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 are 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.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF WATFORD AFRICAN CARIBBEAN ASSOCIATION

I report to the trustees on my examination of the financial statements of Watford African Caribbean Association (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

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 that in any material respect:

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 financial statements to be reached.

Campbell Wilson

John Wilson FCA ATII

Howard Wilson Chartered Accountants

36 Crown Rise Watford Hertfordshire WD25 0NE 10 July 2025

WATFORD AFRICAN CARIBBEAN ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
7,371
3,000
Other trading activities
4
14,468
-
Investments
5
658
-
Total income
22,497
3,000
Expenditure on:
Raising funds
6
12,017
-
Charitable activities
7
13,502
2,411
Total expenditure
25,519
2,411
Net income/(expenditure) and
movement in funds
(3,022)
589
Reconciliation of funds:
Fund balances at 1 April 2024
66,574
19,419
Fund balances at 31 March
2025
63,552
20,008		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
10,371
24,293
829
14,468
412
-
658
701
-
25,497
25,406
829
12,017
1,963
-
15,913
12,858
840
27,930
14,821
840
(2,433)
10,585
(11)
85,993
55,989
19,430
83,560
66,574
19,419		 Total
2024
£
25,122
412
701
26,235
1,963
13,698
15,661
10,574
75,419
85,993

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2025
£
-
84,660
84,660
(1,100)		 £
83,560
20,008
63,552
83,560		 2024
£
315
86,779
87,094
(1,101)		 £
85,993
19,419
66,574
85,993

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 10 July 2025

Clive Saunders

Clive Saunders OBE

Trustee

Company registration number 07618383 (England and Wales)

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Company information

Watford African Caribbean Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Holywell Community Centre, Chaffinch Lane, Tolpits Lane, Watford, Hertfordshire.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. 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 operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are funds received which can only be used for the specific purpose as laid out by the donor. Expenditure which meets this criteria is identified to the fund, together with a fair allocation of overhead costs. The aim and use of each restricted fund is set out in the note to the financial statements.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.4 Incoming resources

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 at the time of the donation.

Grants receivable are credited to the Statement of Financial Activities (SOFA) in the year for which they are received.

1.5 Resources expended

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial 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 interest. 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 classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical 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 amount of assets and liabilities that are not readily apparent 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 estimate 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 future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
1,007
-
Grants receivable for
core activities
6,364
3,000
7,371
3,000
Grants receivable for
core activities
Hertfordshire Community
Foundaton
6,364
-
Three Rivers Disctrict
Council
-
1,000
Hertfordshire County
Council
-
-
CDA Herts
-
-
Watford and Three Rivers
Trust
-
2,000
6,364
3,000		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,007
1,269
829
9,364
23,024
-
10,371
24,293
829
6,364
750
-
1,000
19,952
-
-
1,322
-
-
1,000
-
2,000
-
-
9,364
23,024
-		 Total
2024
£
2,098
23,024
25,122
750
19,952
1,322
1,000
-
23,024

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4
5
6		 Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising events
14,468
412
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
658
701
Raising funds
2025
2024
£
£
Fundraising and publicity
Events
12,017
1,963
12,017
1,963
For the year ended 31 March 2024
Fundraising and publicity
1,963		 Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising events
14,468
412
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
658
701
Raising funds
2025
2024
£
£
Fundraising and publicity
Events
12,017
1,963
12,017
1,963
For the year ended 31 March 2024
Fundraising and publicity
1,963
2024
£
1,963
1,963
1,963

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on charitable activities

Direct costs
Staff costs
Project costs
Premises costs
Insurance
Office costs
Computer costs
General costs
Professional costs
Governance costs
Grant funding of activities (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds		 2025
£
12,268
762
-
449
101
258
152
-
823
14,813
1,100
15,913
13,502
2,411
15,913		 2024
£
9,715
570
390
450
395
769
14
114
781
13,198
500
13,698
12,858
840
13,698

Governance costs comprise of independent examiners fees of £823 (2024: £781).

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Grants payable

2025 2024
£ £
Grants to individuals 1,100 500

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but 4 were reimbursed a total of £1,743 office costs. In 2024 3 trustees were reimbursed £1,093 office costs.

10 Employees

Number of employees

The average monthly number of employees (including trustees) during the year was:

2025 2024
Number Number
Trustees 12 11
Administration 1 1
13 12
Employment costs 2025 2024
£ £
Wages and salaries 12,093 9,583
Other pension costs 175 132
12,268 9,715

11 Taxation

The activities of the charity are exempt from Corporation Tax under Section 505 of the Income and Corporation Taxes Act 1988 to the extent that they are applied to the organisation's charitable objects.

12 Debtors

Debtors
2025 2024
Amounts falling due within one year: £ £
Other debtors - 315

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13
Creditors: amounts falling due within one year
Accruals and deferred income
14
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
1,100
2025
£
175		 2024
£
1,101
2024
£
132

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
50+ Activities (formerly TACEP)
Three Rivers District Council
Watford & Three Rivers Trust
Previous year:
At
50+ Activities (formerly TACEP)		 1 April
2024
Incoming
resources
Resources
expended
At 31 March
2025
£
£
£
£
19,419
-
(1,311)
18,108
-
1,000
(650)
350
-
2,000
(450)
1,550
19,419
3,000
(2,411)
20,008
1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
£
19,430
829
(840)
19,419

50+ Activities (formerly TACEP) - to provide culturally sensitive approach services to its members to enhance their quality of life.

The grants from Three Rivers District Council and Watford & Three Rivers Trust are to support families in need.

WATFORD AFRICAN CARIBBEAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
General funds
Previous year:
At
General funds
Analysis of net assets between funds
At 31 March 2025:
Current assets/(liabilities)
At 31 March 2024:
Current assets/(liabilities)		 1 April
2024
Incoming
resources
Resources
expended
At 31 March
2025
£
£
£
£
66,574
22,497
(25,519)
63,552
1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
£
55,989
25,406
(14,821)
66,574
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
63,552
20,008
83,560
63,552
20,008
83,560
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
66,574
19,419
85,993
66,574
19,419
85,993

17 Analysis of net assets between funds

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).