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2022-03-31-accounts

Company registration number: 06252914 Charity registration number: 1149802

Towers Tiny Tots

(A company limited by guarantee) Annual Report and Financial Statements

for the Year Ended 31 March 2022

Michael Wood Chartered Accountants 22A Bank Street Ashford Kent TN23 1BE

Towers Tiny Tots

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 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 to 16

Towers Tiny Tots

Reference and Administrative Details

Trustees E Adams T A Adams R L Bryant Y D Freeman Secretary Y D Freeman Principal Office The Towers School Faversham Road Kennington Ashford Kent TN24 9AL

The charity is incorporated in England and Wales.

Company Registration Number 06252914 Charity Registration Number 1149802 Independent Examiner M A Wood FCA Michael Wood Chartered Accountants 22A Bank Street Ashford Kent TN23 1BE

Page 1

Towers Tiny Tots

Trustees' Report

The directors and trustees present their report and financial statements for the year ended 31 March 2022. This report also contains a directors' report, as required by company law.

Governing document and legal status of the charity

The charity is constituted as a company limited by guarantee and therefore governed by a Memorandum and Articles of Association. The company was incorporated on 18 May 2007 and adopted new Articles on 4 October 2012. The company was registered as a charity by the Charity Commission on 19 November 2012.

Objects

The objects of the charity are, for the public benefit, to advance and enhance the development and education of children primarily under statutory school age by:

(a) encouraging parents and carers to understand the developmental and educational needs of their children and considering with them the ways in which those needs may best be met;

(b) offering appropriate play, education and care facilities through the carrying on of child care centres for children between the ages of 3 months and 11 years, ensuring that opportunities are provided to all children, whatever their ability, ethnicity, gender, sexual orientation, belief or means; and

(c) promoting public interest in and recognition of the developmental and educational needs of children under statutory school age.

Principal charitable activity

The principal charitable activity of the charity is the operation in Ashford, Kent, of a children’s day nursery and a children’s pre-school. The charity also operates a holiday play scheme and after-school club from the premises where the pre-school is located. All activities are carried out for the public benefit.

Page 2

Towers Tiny Tots

Trustees' Report

Developments and achievements during the year

The Charity continued the operation of its nursery, pre-school and afterschool club for the year ending 31 March 2022. This year has seen a start to recovery in demand for childcare and the charity has had a full year’s operation without any further national lockdowns. The holiday club has been reopened with the assistance of the Kent County Council Reconnect Programme, and popularity for this is starting to grow.

The charity feels that the operating environment of the early year sector has been impacted over the last couple of years with the global pandemic causing national lockdowns and a work from home environment. Alongside this there has also been a significant change to the Early Years Foundation Stage Statutory Framework, which was introduced in September 2021. With this in mind the charity carried out a business review in March 2022 with the aim of facilitating strategic planning and ensuring operations continue to be relevant for the post Covid-19 environment. Following this the charity agreed that in the new financial year projects would be initially be undertaken to review staff retention and recruitment; updating the charity logo; increasing marketing and promotion of the settings; and upgrading the hardware and software used for information technology.

During the year the charity has re-invested surplus funds from the previous financial year of £7,148 into the refurbishment of the nursery setting, with a new boiler and new flooring installed in the main areas. Re-investment in the nursery continues into the new financial year with electrical repairs and building maintenance taking place.

Other projects the charity carried out this year were in relation to restricted grant funding, as detailed below.

• £2,162 from the Redhill Trust to go towards supporting children with their personal, social and emotional well-being at the pre-school.

The charity also received £5,455 from Kent County Council from the Contain Outbreak Management Fund for both of the settings, intended to fund measures to contain the Covid-19 outbreak, of which £3,230 was spent in the year and £2,225 has been spent after the year-end; and £800 from the parish council for floor mats and tables for the village hall, all of which has been spent since the year-end.

The charity continues with its links to Towers School Academy and Goat Lees Primary School, with support from trustee volunteers at both of these educational settings. This facilitates strong links in our community and aids a smooth transition for those children leaving Towers Tiny Tots and starting their reception year at local primary schools. The pre-school setting also supports the parents of the Goat Lees Primary School, with the provision of a term time after-school club and the re-opened holiday club.

The directors and trustees would like to thank the managers and staff for their continued hard work and dedication during this year. It is with their efforts, along with the wider support from the local schools and community, that Towers Tiny Tots has been able to continue to provide a high standard of childcare for the children and families of the local area throughout this exceptional period.

After date events

Since the year-end both the pre-school setting and nursery setting have received an Ofsted inspection, on 10 May 2022 and 15 June 2022 respectively. The charity is pleased to report that both settings achieved a ‘Good’ report in all areas.

Public benefit

The directors and trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission, including public benefit guidance.

Page 3

Towers Tiny Tots

Trustees' Report

Directors and trustees

During the year the following were trustees of the charity:

E Adams

T A Adams

R L Bryant

Y D Freeman

T Pollard (resigned 12 November 2021)

Under the Articles of Association, the charity may by ordinary resolution appoint a person who is willing to act to be a director and trustee. The directors may also appoint a person who is willing to act to be a director. The Articles contain provisions requiring the retirement of directors by rotation.

The directors and trustees meet regularly and make decisions relating to, for example, the charity's strategies, policies and future plans. Day-to-day operational decisions are delegated to the managers at the two settings.

The remuneration of all staff is set by the directors and trustees.

New directors and trustees undertake a suitable induction procedure and are provided with appropriate opportunities for training.

Financial position

During the year the charity had net income of £15,779. Total charity funds at 31 March 2022 amounted to £115,778. The directors and trustees consider the financial position of the charity to be satisfactory.

Reserves

The reserves of the charity, being freely available income funds, at 31 March 2022 amounted to £100,927. It is the policy of the charity to maintain reserves at a level which enables the charity to continue its charitable activities and to ensure that the charity is able to meet any liabilities or other commitments it may have.

Auditors

The charitable company is exempt from the requirement to appoint auditors.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the board of trustees of the charity on 11 November 2022 and signed on its behalf by:

......................................... T A Adams Trustee

Page 4

Towers Tiny Tots

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Towers Tiny Tots for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

Towers Tiny Tots

Independent Examiner's Report to the trustees of Towers Tiny Tots

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022 which are set out on pages 7 to 16.

Responsibilities and basis of report

As the charity’s trustees of Towers Tiny Tots (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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

This report is made solely to the charitable company’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for my independent examination work, for this report, or for the opinions I have formed.

Independent examiner’s statement

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... M A Wood FCA

Michael Wood Chartered Accountants Institute of Chartered Accountants in England and Wales

22A Bank Street Ashford Kent TN23 1BE

11 November 2022

Page 6

Towers Tiny Tots

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

2022

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Total Income
Expenditure on:
Charitable activities
6
Total Expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
£
455
392,025
392,480
377,046
377,046
15,434
1,850
17,284
95,469
112,753		 Restricted
£
-
7,849
7,849
7,504
7,504
345
(1,850)
(1,505)
4,530
3,025		 Total
2022
£
455
399,874
400,329
384,550
384,550
15,779
-
15,779
99,999
115,778

2021

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Total Income
Expenditure on:
Charitable activities
6
Total Expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
£
1,289
336,549
208
338,046
331,942
331,942
6,104
220
6,324
89,145
95,469		 Restricted
£
4,470
-
-
4,470
-
-
4,470
(220)
4,250
280
4,530		 Total
2021
£
5,759
336,549
208
342,516
331,942
331,942
10,574
-
10,574
89,425
99,999

All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 9 to 16 form an integral part of these financial statements. Page 7

Towers Tiny Tots

(Registration number: 06252914) Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
13
Creditors: Amounts falling due within one year
14
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
16
Unrestricted income funds
Unrestricted funds
Total funds
16		 2022
£
11,826
11,826
10,984
120,332
131,316
27,364
103,952
115,778
3,025
112,753
115,778		 2021
£
3,822
3,822
6,529
118,648
125,177
29,000
96,177
99,999
4,530
95,469
99,999

For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The financial statements on pages 7 to 16 were approved by the trustees, and authorised for issue on 11 November 2022 and signed on their behalf by:

......................................... T A Adams Trustee

The notes on pages 9 to 16 form an integral part of these financial statements.

Page 8

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Charity status

The charity is a charitable company incorporated in England and Wales which is limited by guarantee and does not have a share capital. Each of the members is liable to contribute an amount not exceeding £100 towards the assets of the charity in the event of liquidation.

The company's registered office and the location of its principal place of business is:

The Towers School Faversham Road Kennington Ashford Kent TN24 9AL

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) (second edition, effective 1 January 2019) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and, where applicable, the Charities Act 2011.

Basis of preparation

Towers Tiny Tots meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The presentation currency is sterling, rounded to the nearest pound.

Going concern

The financial statements are prepared on a going concern basis.

Exemption from preparing a cash flow statement

The charity is a small charity and, in accordance with the Charities SORP (FRS 102), has not included a cash flow statement in these financial statements.

Fund accounting

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted funds are those granted or donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 9

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

Income and endowments

All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Income from donations and grants, including capital grants, is included in incoming resources when these are receivable.

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.

Other income is accounted for on a receivable basis.

Expenditure

Expenditure is accounted for on an accrual basis. The irrecoverable element of VAT is included with the item of expense to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those incurred in the governance of the charity and are primarily associated with constitutional and statutory requirements.

Government grants

The charity recognises government grants in income when the conditions attached to a grant are met, and the charity has reasonable assurance that the grant will be received. Where a government grant is unconditional then the charity recognises the grant in income when it is receivable. If a government grant is received before the conditions attached to it are satisfied, the grant is recognised as a liability, and only released to income once the conditions are met.

Tangible fixed assets

Tangible fixed assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Improvements to short leasehold property Equipment

Depreciation method and rate Straight line basis over lease term 20% per annum straight line basis

Impairment of fixed assets

Fixed assets are subject to an annual impairment review.

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Pension costs

The company operates a defined contribution pension scheme. Contributions are recognised in the Statement of Financial Activities in the period in which they become payable in accordance with the rules of the scheme.

Page 10

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

3 Income from donations and legacies

Donations and legacies:
Donations		 Unrestricted
General
£
455
455		 Restricted
£
-
-		 Total
2022
£
455
455		 Total
2021
£
5,759
5,759

4 Income from charitable activities

UK Government grants under the Coronavirus Job
Retention Scheme
Fee income - Day Nursery
Fee income - Pre-School
Amounts receivable from Kent County Council for
funded places - Day Nursery
Amounts receivable from Kent County Council for
funded places - Pre-School
Other income - Pre-School
Other grants receivable		 Unrestricted
General
£
-
164,592
31,705
92,432
98,130
5,166
-
392,025		 Restricted
£
-
-
-
-
-
-
7,849
7,849		 Total
2022
£
-
164,592
31,705
92,432
98,130
5,166
7,849
399,874		 Total
2021
£
40,488
104,585
18,005
78,577
93,619
1,275
-
336,549

The total of the grants received by the charitable company from central and local government during the year was £197,311 (2021 £213,734).

5 Investment income

Unrestricted
funds Restricted Total Total
General funds 2022 2021
£ £ £ £
Interest receivable and similar income:
Bank interest receivable - - - 208

Page 11

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

6 Expenditure on charitable activities

Unrestricted

Unrestricted
Note
Wages and salaries
Staff NIC (Employer's)
Staff pensions (Employer's)
Staff training
Repairs and maintenance
Activities, catering and incidentals
Sundry expenses (incl health and safety, hygiene
and cleaning)
Rent (operating lease rentals)
Rates
Light, heat and power
Insurance
Telephone
Computer software and maintenance costs
Printing, postage and stationery
Subscriptions
Travel and subsistence
Advertising
Staff entertaining
Payroll fees
Bad and doubtful debts
Bank charges
Depreciation of improvements to short leasehold
property
Depreciation of equipment
(Profit)/loss on disposal of tangible fixed assets
held for charity's own use
Governance costs
7		 General
£
274,070
12,886
4,844
1,719
2,756
32,891
8,335
11,191
384
4,572
2,593
1,706
509
3,319
2,548
25
368
771
960
503
721
3,238
1,517
189
4,431
377,046		 Restricted
£
1,294
-
-
-
238
5,672
300
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,504		 Total
2022
£
275,364
12,886
4,844
1,719
2,994
38,563
8,635
11,191
384
4,572
2,593
1,706
509
3,319
2,548
25
368
771
960
503
721
3,238
1,517
189
4,431
384,550		 Total
2021
£
254,893
10,882
4,146
368
6,503
16,316
2,745
11,138
-
3,872
2,391
1,730
434
2,618
2,218
-
333
30
1,053
202
639
855
2,191
-
6,385
331,942

Page 12

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

7 Analysis of governance costs

Governance costs

Independent examiner's fee for accountancy services
Independent examiner's fee for examination of the accounts
Legal and professional fees		 Unrestricted
General
£
1,038
1,320
2,073
4,431		 Total
2022
£
1,038
1,320
2,073
4,431		 Total
2021
£
985
1,265
4,135
6,385

8 Trustees' remuneration and expenses

No trustees, nor any persons connected with them, received any remuneration or reimbursement of expenses from the charity during the year.

9 Staff costs

The aggregate staff costs were as follows:

Wages and salaries
Social security costs
Pension costs		 2022
£
275,364
12,886
4,844
293,094		 2021
£
254,893
10,882
4,146
269,921

No employee received emoluments of more than £60,000 during the year.

The average number of employees during the year was 19 (2021 - 19).

Page 13

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Tangible fixed assets

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Eliminated on disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
12 Debtors
Prepayments
Other debtors
13 Cash and cash equivalents
Cash on hand
Cash at bank
14 Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals		 Improvements
to short
leasehold
property
£
84,670
7,148
-
91,818
82,108
3,238
-
85,346
6,472
2,562		 Improvements
to short
leasehold
property
£
84,670
7,148
-
91,818
82,108
3,238
-
85,346
6,472
2,562		 Equipment
£
47,882
5,800
(3,409)
50,273
46,622
1,517
(3,220)
44,919
5,354
1,260
2022
£
5,186
5,798
10,984
2022
£
258
120,074
120,332
2022
£
823
23,378
3,163
27,364		 Equipment
£
47,882
5,800
(3,409)
50,273
46,622
1,517
(3,220)
44,919
5,354
1,260
2022
£
5,186
5,798
10,984
2022
£
258
120,074
120,332
2022
£
823
23,378
3,163
27,364		 Total
£
132,552
12,948
(3,409)
142,091
128,730
4,755
(3,220)
130,265
11,826
3,822
2021
£
4,840
1,689
91,818
82,108
3,238
-
85,346 44,919
6,472 5,354
2,562 1,260
2022
£
5,186
5,798
10,984
2022
£
258
120,074
120,332
2022
£
823
23,378
3,163
27,364
6,529
2021
£
1,026
117,622
118,648
2021
£
-
25,049
3,951
29,000

Page 14

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

15 Commitments

At the balance sheet date, the charity had total future minimum lease payments under non-cancellable operating leases of £15,700 (2021 £23,550), of which £7,850 (2021 £7,850) falls due within one year and £7,850 (2021 £15,700) falls due between one year and five years.

16 Funds

2022

Unrestricted funds
General
Restricted funds
Garden improvements fund
Personal, social and emotional
support fund
Garden shelter construction fund
Kitchen refurbishment fund
Fund to purchase personal
protective equipment for pre-school
hall
Fund for new floor mats and tables
in pre-school hall
Reconnect Programme fund for
opening holiday club
Contain Outbreak Management
Fund for containing Covid-19
outbreak
HMRC Grant for Statutory Sick Pay
Total restricted funds
Total funds		 Balance at 1
April 2021
£
95,469
95,469
280
2,162
1,050
1,038
-
-
-
-
-
4,530
99,999		 Incoming
resources
£
392,774
392,774
-
-
-
-
300
800
1,000
5,455
294
7,849
400,623		 Resources
expended
£
(380,403)
(380,403)
(280)
(2,162)
-
(238)
(300)
-
(1,000)
(3,230)
(294)
(7,504)
(387,907)		 Transfers
£
4,913
4,913
-
-
(1,050)
(800)
-
-
-
-
-
(1,850)
3,063		 Balance at 31
March 2022
£
112,753
112,753
-
-
-
-
-
800
-
2,225
-
3,025
115,778

Page 15

Towers Tiny Tots

Notes to the Financial Statements for the Year Ended 31 March 2022

2021

Unrestricted funds
General
Restricted
Garden improvements fund
Personal, social and emotional
support fund
Garden shelter construction fund
Kitchen refurbishment fund
Total restricted funds
Total funds		 Balance at 1
April 2020
£
89,145
280
-
-
-
280
89,425		 Incoming
resources
£
338,046
-
2,162
1,050
1,258
4,470
342,516		 Resources
expended
£
(331,942)
-
-
-
-
-
(331,942)		 Transfers
£
220
-
-
-
(220)
(220)
-		 Balance at 31
March 2021
£
95,469
280
2,162
1,050
1,038
4,530
99,999

Transfers from restricted funds to unrestricted funds arose during the years ended 31 March 2021 and 31 March 2022 following the satisfaction of conditions attached to restricted funds, enabling them to be transferred to unrestricted funds, or to recognise that certain costs relating to specific purposes funded by restricted funds have been met from general costs incurred on charitable activities.

17 Analysis of net assets between funds

2022
Tangible fixed assets
Current assets
Current liabilities
Total net assets
2021
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
11,826
128,291
(27,364)
112,753
Unrestricted
funds
General
£
3,822
120,647
(29,000)
95,469		 Restricted
funds
£
-
3,025
-
3,025
Restricted
funds
£
-
4,530
-
4,530		 Total funds at
31 March
2022
£
11,826
131,316
(27,364)
115,778
Total funds at
31 March
2021
£
3,822
125,177
(29,000)
99,999

18 Related party transactions

There were no related party transactions requiring disclosure in the year.

Page 16