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← The National Funding Scheme

2023-09-30-accounts

COMPANY REGISTRATION NUMBER: 08223187 CHARITY REGISTRATION NUMBER: 1149800 COMPANY REGISTERED NUMBER: SCOTLAND: SC045106

The National Funding Scheme Company Limited by Guarantee Unaudited Financial Statements 30 September 2023

FROST & COMPANY

Chartered accountants Unit C, Regent House 9 Crown Square Poundbury Dorset DT1 3DY

The National Funding Scheme

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2023

Page
Trustees' annual report (incorporating the director's report) 1
Independent examiner's report to the trustees 6
Statement of financial activities (including income and
expenditure account) 7
Statement of financial position 8
Notes to the financial statements 9

The National Funding Scheme

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2023.

Reference and administrative details

Registered charity name The National Funding Scheme Charity registration number 1149800 Company registration number 08223187 Principal office and registered 1 Golden Court office Richmond Surrey TW9 1EU The trustees G Bagshawe S Cooper J Galloway W Makower J Park Independent examiner Stephen J Frost ACA Unit C, Regent House 9 Crown Square Poundbury Dorset DT1 3DY

1

The National Funding Scheme

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2023

Structure, governance and management

Governance

The National Funding Scheme is a charitable company, limited by guarantee, incorporated on 20 September 2012 and registered as a charity on 16 November 2012. The charity was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association.

The governance and strategy of the charity is overseen by the Board of Trustees (named in the table below). Trustees are appointed as outlined in the Memorandum and Articles of Association and they bring specific skills to complement and support the Management Team.

The following Trustees were in office at 30 September 2023, and served throughout the period except where shown.

Trustees

Sam Cooper Jamie Galloway Georgina Bagshawe William Makower Jun Park

Key management personnel

The Trustees consider that they comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis.

None of the Trustees received any remuneration for their services as Trustees (2022 – none).

Statement of Trustees responsibilities

The Trustees (who are also directors of The National Funding Scheme for the purposes of company law) are responsible for preparing the Trustees¡¦ report and 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 charity for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper 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, the Charities and Trustee Investment (Scotland) Act

2

The National Funding Scheme

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2023

2005 and the Charities Accounts (Scotland) Regulation 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.

Objectives and activities

Principal Aims, Objectives and Activities

The object of the National Funding Scheme (NFS) is “the promotion of the efficiency and effectiveness of charities for the public benefit by promoting charitable giving, fundraising and donations to charities, particularly (but not exclusively) through supporting new ways of giving to charities and through digital means”.

As Trustees, we confirm that we have referred to the guidance contained in the Charity Commission’s general advice on public benefit when reviewing the charity’s aims and objectives and in planning future activities for the year.

Achievements and performance

Charities Aid Foundation (CAF) produces an annual report looking at the state of UK Giving. Its 2023 report identifies that whilst overall giving levels have shown a decline over a number of years, they did not deteriorate further during 2023 despite the increased cost of living and a technical recession in the second half of 2023.

Nearly six in ten (58%) of the UK population donated or sponsored a cause in the year and whilst there was an increase of nearly 10% given between 2023 (£13.9 billion) and 2022 (£12.7 billion) this was mainly down to some donors making larger donations, rather than by more people giving to charity. It is within this context that National Funding Scheme exists, to increase the number and diversity of donors across all geographies and sections of society and so support the benefits of both giving and receiving.

Last year we reported the ongoing generosity of the Garfield Weston trust in giving £30,000 to support the redevelopment of the platform whilst also ensuring its ongoing scalability and security. With increasing cyber and data attacks it is essential National Funding Scheme is both fully trusted and reliable.

Whilst many of the improvements are visible, some have been in the back-end to increase security, reduce server loads and improve overall productivity. Specific improvements visible include:

Charity administrators

Donors

During the year over 249 charitable organisations applied to join DONATE. Many of these were schools, churches and other organisations where digital giving has become an increasingly important part of their generalised giving.

3

The National Funding Scheme

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2023

Over the year, total funds raised (incl Gift Aid) was £579,071.09 (2022: £551,222.97), an increase of just over 5%. Whilst lower than the national increase of 10% identified by CAF above, the 5% increase was in line with our expectations given both the ongoing impact of the cost of living crisis and the disproportionate impact this had on generalised low-level giving.

National Funding Scheme continues to provide guidance and advice to both its users and the sector. We provide newsletters to our base highlighting industry news, case studies and best practice. We also continue to participate in online events and seminars explaining how organisations can join and benefit from our various products.

Three case studies from the year:

Royal Papworth Hospital Charity - David Gibb’s Memorial Cricket Match Auction 2023 raising £6085

A memorial cricket match and auction was held in honour of David Gibbs with funds raised going to the Royal Papworth Charity where David was both cared for and where he was on the Council of Governors. Prizes were donated by clients and friends of Waverton Invesment Management

The DONATE™ platform provided the charity with the service it needed to maximise fundraising. Each lot was shown off to its best effects using imagery and content that underlined the strength of community support.

“ DONATE was the obvious platform both for its functionality but also as an

existing supplier to our chosen charity, Royal Papworth Hospital. The individual support we were given by their team and simplicity for bidders validated our choice and we were delighted to raise over £8000 in David’s memory”

4

The National Funding Scheme

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2023

Case Study 2 – Foodbank support

National Funding Scheme supports a range of foodbanks and related causes from Bridgewater in Somerset to Edinburgh in Scotland to raise funds for local communities. During the year over £50,000 was raised by foodbanks.

To support foodbanks maximise their fundraising we produced a series of case studies and a specific microsite available at https://www.nationalfundingscheme.org/foodbanks/

Since joining DONATE™ in 2019, Canterbury Food bank CIC has raised over £118,000. Whilst they welcome food donations to keep their services running, they also collect money where this isn’t possible. 51% of donors opted to add gift aid when making their donation by completing DONATE’s enduring Gift Aid declaration. All gift aid is processed by DONATE™ meaning Canterbury Food Bank received 100% of these donations.

Case Study 3 – Fire Brigades Union

National Funding Scheme has wide objects allowing it to support, with Trustee consent, non-charities. Supporting the families of firefighters following the death or injury of a firefighter is one such way in which we can deliver against “the relief of poverty for the public benefit”

Since 2020 sixteen firefighters’ families have been supported through comrade fundraising with over £48,000 being raised. Donations are made through both text and web and whilst 56% of all donations are made by web (44% by text), this represents over 83% by value. Of these 72% are Gift Aided whilst just 34% have Gift Added applied if given by text.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

28 Jun 2024

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

Jamie Galloway (Jun 28, 2024, 8:33am) J Galloway Trustee

5

The National Funding Scheme Company Limited by Guarantee Independent Examinerfs Report to the Trustees of The National Funding Scheme (¢¢rttinuedl Year pnded 30 Reptember 2043 I report lo the tri.'slees on my ex4min.-..tfO4 of t￿e financial stalewenls of The Nats"onal Funding Scheme I'the charity'l for the year ended 30 September 2023. Responsibilities and basis ot Teport As the trustees ofthe charity land also lis directors lorthe purposes of company lawl you are responsible for t,'ie )rèp3-al'-.Tr =f I-f. '¢.n-'al Et- t=Tents In accordance with the requirements of the Companies Act 20061'lhe 2006 Aci I Having satisfied myself Il)311i1 e ac- .1-15 DI tie ctr.a(rty are not required lo be audited under Part 18 of the 2006 Act and are eligible for indeper,den: examination. I report In Te5pecl of my examination of the chari.5 s ac¢o'Jr,t5 3S Air" ev CEil L,-.er >¢cIIo ',45 of the C￿,ar1.,1es Act 20", 11 ;he 2011 Acl'l. In carying out my examination I have followea DIT¥lv)ns given by the Chanty Commission under section 14515llbl of the ?011 Act Independent examiner's statement Since the charit. .8 g'o-o me e%rr:- d £-. 50 990 your examiner Tr.usl be a member of a body listed in section 145 of the 2P11 Act. I conl,. that i am qualified to L'ndertake the examination because l am a member of the Inqtilutp of fthartered Apcountants in England and INales IICAEWI. wh￿h is one of the Iisled bodies. I have completed my examination. I confirm that no matters have come to my attention in connecbon INilh the exarrinaiion OliA r ra. itn lo bel..Eve +hat. acceijilin J recL)Tds wersa ril Appl in fespect of the charity as required by section 386 of the 2006 thp-. the firLanciai s:,aiements do p.ot accord with those recoias", or the fin4n-,'al slalements do fjot ¢.0￿pIY w'rth the accoLinling r￿uIrement¢ of section 396 of the 2006 Act ot2-".n?p any rryyriiremtsit th1¢ I the accounts give a "twe and fair, view which is not a maller consiaereu t3S pa,t ol an Independent examination", or the Iiranciai siatemenis rya¥.'e not t)een prepared in accordance with the methods and principles of the Slaiemen; of Recornrnended Practice for accaunling and ￿porting by charities applicable lo -trerities prepaDig their accodnls In aceo": dance with the Financial Reporting st3.1￿ard applicat,le in Lhe UK and Reput1￿ ol Ireland IFRS 1021, or the ctTr3r.tr/ is not a goino ronrern 2nd 'Nhilst maler',a'" vn¢erFaiity las Seen ident5fied il has been 3OeqLat?liJ 8re,'e¢ se.J <nd d"'sclosad by The Ti'slep.s i". the accounts. I have no concerns apw, tra%,. -ore anros5 rr o+b.ur rnatters In conne-tion '.vitb the examination lo whieh attention shoul(i be drawn in iiS rrF-, nable a prc.?er ' Jnders'.anding of the accounts lo be reached Stephen J Frost ACA Independent Eximiyer Unil C. Regent House 9 Crown Square Poundbury Dorset DT1 3DY

The National Funding Scheme

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 September 2023

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 21,501 540,729 562,229 558,604
Charitable activities 6 38,635 – 38,635 50,979
Investment income 7 843 – 843 39
---------------------------- -------------------------------- -------------------------------- --------------------------------
Total income 60,979 540,729 601,707 609,622
============================ ================================ ================================ ================================
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 8 100 – 100 90
Expenditure on charitable activities 9,10 12,041 567,203 579,243 598,627
---------------------------- -------------------------------- -------------------------------- --------------------------------
Total expenditure 12,141 567,203 579,343 598,717
============================ ================================ ================================ ================================
---------------------------- -------------------------------- -------------------------------- --------------------------------
Net income 48,838 (26,474) 22,364 10,905
============================ ================================ ================================ ================================
Transfers between funds (26,474) 26,474 – –
---------------------------- -------------------------------- -------------------------------- --------------------------------
Net movement in funds 22,364 – 22,364 10,905
Reconciliation of funds
Total funds brought forward (43,974) – (43,974) (54,879)
---------------------------- -------------------------------- -------------------------------- --------------------------------
Total funds carried forward (21,610) – (21,610) (43,974)
============================ ================================ ================================ ================================

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

The notes on pages 9 to 17 form part of these financial statements.

7

The National Funding Scheme

Company Limited by Guarantee

Statement of Financial Position

30 September 2023

2023 2022
Note £ £
Current assets
Debtors 16 13,882 7,177
Cash at bank and in hand 144,855 104,179
-------------------------------- --------------------------------
158,737 111,356
Creditors: amounts falling due within one year 17 180,347 155,330
-------------------------------- --------------------------------
Net current liabilities 21,610 43,974
---------------------------- ----------------------------
Total assets less current liabilities (21,610) (43,974)
---------------------------- ----------------------------
Net liabilities (21,610) (43,974)
============================ ============================
Funds of the charity
Unrestricted funds (21,610) (43,974)
---------------------------- ----------------------------
Total charity funds 18 (21,610) (43,974)
============================ ============================

For the year ending 30 September 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: 28 Jun 2024

J Galloway Jamie Galloway (Jun 28, 2024, 8:33am) Trustee

The notes on pages 9 to 17 form part of these financial statements.

8

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 1 Golden Court, Richmond, Surrey, TW9 1EU.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Assessment of Going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect of a period of one year from the date of approval of these accounts and have considered the impact of all foreseeable factors that might impact on the charity’s operation.

The Trustees have considered the financial position of the charity at the date of approval of these financial statements, and also its ongoing income and expenditure. Given the level of expenditure of the charity, a reduction in overheads and their best estimates for projected income, The Trustees have concluded that the charity will be able to meet its financial obligations. Although it is anticipated that no support will be required The Trustees have confirmed that they will provide funds to support the charity’s cashflow requirements for a period of at least one year from the date of approval of the financial statements.

The Trustees are confident that the charity will be able to meet its liabilities as they fall due for the foreseeable future and for this reason the financial statements have been prepared in a going concern basis.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

9

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

10

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

3. Accounting policies (continued)

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Software Licence

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

Expenditure that does not meet the above criteria is expensed as incurred.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

11

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

12

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

3. Accounting policies (continued)

Financial instruments (continued)

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The National Funding Scheme is a charitable company, limited by guarantee, incorporated on 20 September 2012 and registered as a charity on 16 November 2012. The charity was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association.

5. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Donations – 540,606 540,606
Other Donations 21,501 123 21,623
Grants
Grants receivable – – –
---------------------------- -------------------------------- --------------------------------
21,501 540,729 562,229
============================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
Donations – 524,454 524,454
Other Donations 4,150 – 4,150
Grants
Grants receivable 30,000 – 30,000
---------------------------- -------------------------------- --------------------------------
34,150 524,454 558,604
============================ ================================ ================================

13

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

6. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Commission on National Funding
Scheme Donations 38,635 38,635 38,958 38,958
Contactless trial – – 500 500
Other – – 11,521 11,521
---------------------------- ---------------------------- ---------------------------- ----------------------------
38,635 38,635 50,979 50,979
============================ ============================ ============================ ============================
7. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Bank interest receivable 843 843 39 39
============== ============== ============== ==============
8. Costs of raising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Costs of raising donations and
legacies - Donations 100 100 90 90
============== ============== ============== ==============
9. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
National Funding Scheme Donations 13 567,203 567,215
Support costs 12,028 – 12,028
---------------------------- -------------------------------- --------------------------------
12,041 567,203 579,243
============================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
National Funding Scheme Donations 463 579,074 579,537
Support costs 1,175 17,915 19,090
----------------------- -------------------------------- --------------------------------
1,638 596,989 598,627
======================= ================================ ================================

14

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

10. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2023 2022
£ £ £ £
National Funding Scheme Donations 567,215 – 567,215 579,537
Governance costs – 12,028 12,028 19,090
-------------------------------- ---------------------------- -------------------------------- --------------------------------
567,215 12,028 579,243 598,627
================================ ============================ ================================ ================================
11. Auditors remuneration
2023 2022
£ £
Fees payable for the audit of the financial statements – 5,500
============== =======================
12. Independent examination fees
2023 2022
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,800 –
======================= ==============

13. Staff costs

The average head count of employees during the year was Nil (2022: Nil).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

14. Trustee remuneration and expenses

During the period, no expenses were reimbursed to any Trustee (2022 – £nil).

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis comprise the Trustees. No Trustee received any remuneration for their services (2022 – £nil).

15

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

15. Intangible assets

Development
costs
£
Cost
At 1 October 2022 and 30 September 2023 100,000
================================
Amortisation
At 1 October 2022 and 30 September 2023 100,000
================================
Carrying amount
At 30 September 2023 –
================================
At 30 September 2022 –
================================
Debtors
2023 2022
£ £
Trade debtors 2,228
1,484
Other debtors 11,654
5,693
---------------------------- -----------------------
13,882
7,177
============================ =======================
Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 39,699
10,144
Accruals and deferred income 3,387
9,403
Amounts due to affiliates with charitable purpose 123,317
121,439
Other creditors 13,944
14,344
-------------------------------- --------------------------------
180,347
155,330
================================ ================================

16. Debtors

17. Creditors: amounts falling due within one year

The amounts due to affiliates with charitable purpose are held in a separate bank account, as agreed with the Charity Commission.

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 Oct 2022 Income Expenditure Transfers 30 Sept 2023
£ £ £ £ £
General funds (43,974) 60,979 (12,141) (26,474)
(21,610)
============================ ============================ ============================ ============================ ============================
At 1 Oct At 30 Sept
2021 Income Expenditure Transfers 2022
£ £ £ £ £
General funds (54,879) 85,168 (1,728) (72,535)
(43,974)
============================ ============================ ======================= ============================ ============================

16

The National Funding Scheme

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

18. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At At 30 Sept
1 Oct 2022 Income Expenditure Transfers 2023
£ £ £ £ £
National Funding
Scheme Donations – 540,729 (567,203) 26,474 –
============== ================================ ================================ ============================ ==============
At At
1 Oct 2021 Income Expenditure Transfers 30 Sept 2022
£ £ £ £ £
National Funding
Scheme Donations – 524,454 (596,989) 72,535 –
============== ================================ ================================ ============================ ==============
Analysis of net assets between funds
Unrestricted Total Funds
Funds 2023
£ £
Current assets 158,737 158,737
Creditors less than 1 year (180,347)
(180,347)
-------------------------------- --------------------------------
Net liabilities (21,610)
(21,610)
================================ ================================
Unrestricted Total Funds
Funds 2022
£ £
Current assets 111,356 111,356
Creditors less than 1 year (155,330)
(155,330)
-------------------------------- --------------------------------
Net liabilities (43,974)
(43,974)
================================ ================================

19. Analysis of net assets between funds

20. Related party disclosures

The Trustees acknowledge the considerable support given by many individuals and organisations. THC for accountancy work, Panlogic Ltd for technical development and administration support and Digital Innovation and Growth (DIG) Ltd for the core technology and ongoing development of the technology.

William Makower is a shareholder director of Panlogic Ltd and Digital Innovation and Growth (DIG) Ltd and a serving Trustee of The National Funding Scheme.

17