Charity regFstration number 1153334 Company rnglstration number 08050352 (England and Wales) SJC Chartered Accountants CHESHIRE CONNECT LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 APRIL 2025
CHESHIRE CONNECT LIMITED CONTENTS Page TNSte8s' report Indep8ndent examlner's report Statement of finandal activlties Balance sheet Notes to the financlal st8temenl$ 7-12
CHESHIRE CONNECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrTD Briggs Ms KL Francis Mr R M¢kay Mrs A Couture (Appointed 15 September 2025) (Appointed 15 September 2025) (Appointed 15 September 2025) Miss R Scott Dr P Broxton Charlty numbor 1153334 Company numb•r 08050362 R•gl•t•r•d offlcg St John's Chambers Lov8 Street Chester England CH1 1QY Indapondonl oxamln•r Mr N S Jenkins FCA clo SJC, Chartered Accountants St John'6 Chamber6 Chester Cheshire CH1 IQY
CHESHIRE CONNECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 APRIL 2025 The trustees presenl their annual report and fin8ndal statsments for the year ended 30 Aprll 2025. Gov•rnlng document The financial staternents have been prepared in accordance with the aCUnting pollcles sot out In note 1 to th8 financlal statements and comply with the charivs govemlng documents. the Companl8s Act 2006 and 'Accounting and Reporting by Charilies: Statement of R8comm8nd8d Practlce applicable to charities preparlng Ih8lr ac¢ounts in aCrdanCe with the Financlal Reportlng Standard applicable In the UK and Republic of Ireland {FRS 102)" (eff8ctlv8 1 January 2019). ObJ•ctlvo• and actlvltlas Our obl8ctlvès ara delivered by m8t¢hlng relevant skills and exp8rtlse Offad pro bono from the busln88S communlty to resource needs In th8 voluntsry sector. We do thls In fiv8 ways., short térm projects. or qulck fixès: longer4emi projects involvlng a range of prof8sslonal sklNs: sourclng trustees. mentors, or crltlc81 ffiends to deliv•r longer-tenn ongolng support,. providing targeted support for 12 charltles through the Transfomi Programme and, providlng leadership development and support. The Charity'8 Oble¢t8 are, for the beneflt of Ihe Publlc: (A) - To promote the 8ffi¢lenGy and effectlv8n888 of charltles, {B) - To promote clvic responslblllty and good clllzenshSp. The project8 C8rri8d out engaged wlth 200 local bu8ine8888 and 8killed individuals and 175 charftles and non-profft organisatlons. We ar8 continuing our plans to create 8 greater per¢entage of High Impact Match8S and we are d81ighted to see an increase In the number of projects which have involved a range of buslness ski118 ar)d result8d In longer-tsnn. hlgher-impact outcom88. We have also encouraged mor8 skills 8xchange5 between charities. leveraglng the wealth of Bkllls and experlence wlthln the sector. Cheshlre Connect matches the skllls and axpertlse of local businesses and professlonals, offered free of charge, wlth the need8 of the mmUnIty and voluntary sector. We were e8tabNshed as a Reglslered Charty in 2013. Charltablo actlvltl•8 Our servlces C¢tributo to building $tn)nger, more sustalnabie communlties In Cheshire by facilitating collaboration be88n charltles and business, thereby ¢reallng social value Ihat benefits all. By makhing relevant buslne5s skllls and expertlse to the needs of charities, we work In partnershlp to enable th8m to dellver their front-line servlces more effedvely and to build capaclty wh8r8 appropriat8. Our Valu•s: Collaboration - working effectlvely in partnership with businesses, charities and key stakeholders to develop Stronger communities together; Understandlng we build knowledge of our local communltles and strong relatlonships to clearly understand how wè can best dlrect our resources: Passion - wè are passlonate about Stimulating lasting change and bulldlng stronger communrtles. Fundraislng acttvitles a5 at year end 30th April 2025= we have ralsed £158.467 whlch InGludes £151.200 in donations from local businesses and trusts, and £7,267 in personal donations. Investment perfomianc• The charity do88 not hold any Investments.
CHESHIRE CONNECT LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 Intemal and extfrrnal factor• Everythlng we do at Cheshire Connect Is based on our values. We work Closely with several partners. Local Govemment. thè Cheshire Constabulary, th8 Church, and local charftable trusts are key stakeholders in Cheshire. playing a vltal part In our work. As we strive lo understand our local communities better, it is evident that securing furKling and resources Is Increaslngly challenglng, whllst demand contlnues to Increase for serv15 offered by charities and communlty organisations. We offer fiv8 maln types of skills exchanges.. shori-term projects, also known as Quick Fixes; longer-t8m) projects Involving a range of professional skills- souroing Trustees, Mentors. or Critlcal Frlends to deliver longer-term ongoiry support; leadershlp development,. and targ8ted support through the Transform Prograrnme. Our team of Buslness Connectors d6vek)p strong r6latronshlps with voluntary sector organlsatlons and local buslnesses. We work with voluntary sector organisations lo idontlfy whlch buslness skllls and oxpertls8 wlll improve outcomes for them and thelr setViC8 US8rs. Slmultaneously we provide local bu$lnesses with the opportunty to offer Employ8r Supported Volunteering (ESV) experlences. Our seNI¢8 Is almed at provldlng a meaningful opportunity for employ8e$ to expand and develop their range of skllls and knowledge whlle ullllslng thelr busine88 expertise to make a positive impact on the local community. Over the next financial year, we will continue to provide intensive strateglc support to charldes that requlre rapid expansion of their servlces to meet the post-pandemic demand. The Transform Programme, will enable us to provlde these chariti88 wlth focused strateglc BUPPOrt over an 18-month period. In all our work, we refer to the concept of Envlronmental, Social, and Governance (ESG) and promote Dlv8r81ty. Equlty, and Inclusion (DEI). Flnanclal revl•w The results for the year ar6 Shown in the Statement of Financial Actlvltles. Income for the year has Increased to £158.744 (2024: £112,055} wlth an In¢rea88 In expenditure to £146.917 (2024: £132.5621. This leave$ total funds at 30 Apdl 2025 of £74.555 of bthlch £nil 18 restricted (2024.. £62,728, of whlch £nll was restrfcted). R•8orv•• poll¢y Cheshire Connect Llmited needs re8erve8 for the followlng reasons.. 1. Coverlng unforeseen day-to-day operatlonal costs. 2. A source of income, Such as grant, not belng renewed. Funds might be need8d to glve th8 trustees tlme to action If Inme falls below 8xp8ctations. 3. Planned commltments that cannot be met by anticipated income alone and may therefore require that Cheshire Connect consider match funding. 4. The need to fund short-tem dèficits in a cash budget. 5. The alm 5$ to havo sufficient funds to cover employee's salaries 8nd 811 other operating expenses for three months. strucre, governance and managoment The day-to48y managemenl of the charity is provided by the CEO, John Denny, and the colleague team. The charlty has a Board of Trustees which meets regularly and is responslble for the strategic direction and policy of the charity. At present the Board comprisès the four trustees. Members of the Charity guarantee to contrlbute an amount not exceedlng £1 to the assets of the charity In the event of viinding up.
CHESHIRE CONNECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Thè tIu818, who 4r0 8kn tho dIlorI for th• purp080 01 c(xnpany law, and served durhg the year and up to th• dylo of slgnAlur8 ol th# Iln•nd&l 8tat•m•nl• w•r¢: Mr CP Syk88 (Re8lgnod 30 September 2025) Mr TD Brigy¥ M$ KL fv rn*9 Mi R MeAay Mr8 A CwNirii MISS R Skwtt {Appolnted 15 Septernber 2025> (Appolntod 15 Septernbgr 2025) (AThled 15 September 2025) R•eNItM•nl and appolntm•nt of n•w tru8tM• The dv•cacMs of tha company 8r6 also charlty trustee8 for th8 Purpos of law and are known as member8 of M•nqgwngnt Commltte•. Al trustwj th•lr Ihm nt4rY and recelv• no b¢n•ffts from th• charlty. Ih trust8, report wa8 approvad by the Board of TNst•e8. Mr TD Brfggs 28 Novemb•r 2025
CHESHIRE CONNECT LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESHIRE CONNECT LIMITED I report to the trustees on my examlnation of the financial statements of Cheshire Connect Limited (the charlty) for Ihe year ended 30 April 2025. Responslbllltl•8 and bas18 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 8tstements in accordance with the requirements of the Companies Act 2006. Havlng satlsfl8d myself that tho financlal ststements of the charity are not r8qulred to be audited under Part 16 of the Companies Act 2006 and a ellglble for INlependent oxamlnatlon, I report in r8sp8Ct of my 8xaminatlon of the charlty's financial statements carried out under section 145 of the Charltles Act 2011. In carrying out my examinallon I h8v8 followed the Dir8ctions glven by the Charlty Commission under section 145{5)(b) of the Charltles Act 2011. Indèpènd8nt examlneVs siatemont I have completed my examlnatlon. I confirm that no mattars hav& com• to my attentlon In Connectlon wlth th examination giving me cause to bolieve Ihat In any materlal respect: accountlng records were not kept In respect of the charlty as requlred by 8ectlon 386 of the Companies Act 2006. the financlal ststemènts do not accord wlth those records; or the financial statements do not comply with the a¢counb'ng requirements of $g¢tion 396 of th8 Companies Act 2008 other than any requirement that th8 financial ststements give a true and fair view, which is nol a matter considerèd as part of an independent ex8minatlon; OT the financlal 8tatsm8nt8 have not been prepar8d In accordance wlth the methods and principl88 of the ststement of Recommanded Practlce for a¢ntIr0 and reporting by charlt18s applicable to charltle8 preparfng thelr flnancl81 ststeménts in a¢¢ordanc8 with tho Flnancial Reportlng Slandard appllcable in Ihe UK and Republic of Ir8land IFRS 102). I have no con¢8rns and have come ross no other matters in Connection with the examination to which attentlon should be dr in this r rtinor or to enable a proper understanding of the flnancial statements to be reached. Mr N S Jenklns FCA clo SJC, Chartered Accountants St John's Chamb8rs Love Street Chestèr Cheshlre CH11QY 28 November 2026
CHESHIRE CONNECT LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 Unr•strlctod Unrn8trict•d lunds funds 2025 2024 Not•$ Incom• from: Donations and legacles Inv8Stm8nts 158.467 277 111,500 555 Total Incom• 158,744 112.055 Expondlture on: Charitable activities 146,917 132,562 Total oxpendllur• 146.917 132,562 N•t IncOm•l(•xndI1Ur•) and movoment In funds 11,827 (20.507) Rooon¢lllatlon of funds: Fund balances at 1 May 2024 62,728 83,235 Fund bal•n¢ei at 30 Aprll 2025 74.555 62,728 The statement of financlal actlvttles Includes all g8lns and1088es recognised in the year. All Income and expendlture derive from continuing activities.
CHESHIRE CONNECT LIMITED BALANCE SHEET AS Af30 APRIL 2025 2025 2024 Nol•• Flx•d •B••l• .. 10 249 332 D•blcWS C•sh • and kn hNwJ 11 12,400 52,198 71,172 79,672 64,598 falllng du• wlthln 12 (5,368) 12,202) 74.308 62.398 T(tsl ••••l• IM• curr•nt Il•blllll 74.565 62,728 Th• of tho ¢harfty 14 74.555 82.728 74.555 62,728 Tr (zry•ny l• tItted to th• •x•mpkn from th• •udlt rwulr•nwnt c£mtslnod In s•rtk>n 477 of Ihe Companla8 Act 3)X, lor th8 year ended 30 Aprll 2025. Tr adThvAedge thelr respon8SbllHleg lor comptylry wlth the requlrem•nts of Ihe Compan1 Act 2008 reswc to accountlng rerdS and prttparatlon of finanal 8tateni8nts. memirn hav• nol requlwj th• rnpanY to obteln an audft of tts fjnanclal •lat•ments fry Ilkry year In qu88tlon lft aJ)ydm 8ectlon 476. Trse finani>al stalements hgve b8an wepwed In aceordanr wh the pmvlJlon3 appllcable to companle¥ •ubJ9Gt Ir* ts WMII tXATwnle8 reglmo. The fwwKI818tstements were approvod ty tho IN8le8s cm 28 Novernbor 2025 Mr TD Brlgg• Trust•• Company r8glstrat mbar 080503S2 (Enol8nd and Wala8)
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accounting pollclos Charlty Informatlon Cheshire Connect Limitgd is a private company limite(I by guarantee incorporated In England and Wales. Tho registered office is Sl John's Chombgrs, Love Street, Chester, CH1 1 QY, England. 1.1 Accountlng convontlon The flnancial statements have been prepared In accordance with the charivs goveming documents, the Companies Act 2006, FRS 102 The Finonci81 Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102.) and the Ch8riti8s SORP "Accountlng and Reporting by Charitles: Statement of Recommended Practice applicable to charitie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ1¢ of Ireland (FRS 1021. leffectiva 1 January 2019). The charity is a Public Benefit Entity a8 definad by FRS 102. The charlty has taken advantage of the provlslons in the SORP for chariUes not lo prepare a Ststement of Cash Flows. The flnanclal statements are prepared In slerllng. whl¢h Is th8 functlonal currency of the charlty. Monetary amount8 In these financlal statements are rounded to the nearest £. The financial statements have been prepared under tho hi8torical cost convéntion, modified to includ8 the revaluatlon of freehold propertles and to In¢lude Inve8tment propertle8 and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng ¢oncern At the time of approving th6 financlal Statements, the trustee8 have a reasonable expectatlon that the charfty has adequate resources to continu• in operational existence for the foreseeable future. Thus the trustee8 ontlnue to adopt the golng concem ba$18 ol a¢countlng in preparing the financial ststements. 1.3 Charltable funds Unrestrfcted funds are avallable for use at the dlscretion of the trustees in furtheranca of their charltable objectives. Restrlcted funds are subject to specffic condltlons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financlal statements. Endowment funds are subject to specrfic conditions by donors that the r2pltsl must be maSntalnèd by the charlty. 1.4 Income Income Is re¢ognlsed when the charlty Is legally entitled to It after any perfomiance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations a re¢ognlsed on recelpt. Other donations ar8 r8cognls8d once the charty has been notlfied of the donalion, unless performance conditM)ns require def8rral of the amount. Income tax recoverable In relation to donations received under Glft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf th8 charity has been notffied of an impending distribution. th8 amount is known, and receipt is expected. If the amount ts not known, th8 18gacy Is treated as a contlng8nt assot.
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accountlng pollcles (Contlnu•d) 1.5 Expèndlturn Expendlture Is recognised once there is 8 legal or construdive obligation to transfer economic benefit to a third party, It Is probable thal a transfer of economlc benefSts will be required in settlemént. and th8 amount ol the obllgatlon can be measured reliably. Expenditure is dasslfied by actlvity. Thè cost8 of each activity are made up of the total of dired costs and shared costs, In¢ludlng support ¢osts Involved In undertaking each aGtivty. Dir8cI costs attributable to a Slngle activity are allocated dlrectly to that activlty. Shared costs whl¢h contrlbute to more than one 8Ctivlty and support costs whlch are not attrlbutsble to a singlè adivlty are apporknoned beeen those a¢tlvltles on a basls cffisistent with th8 us8 of r8sources. Central staff costs are allocated on the basis of lime spenl, and depreclatlon charges are allocated on the portion of the asset's use. 1.6 Tanglble flxod asA•ti Tanglbla fixed ass8ts ar8 Inltlally measured at cost and subsequently measured at ¢08t or valuatlon, net of deprèolation and any Impalmient losses. Depreclatlon Is rerognlsed so as lo wrlte off the cost or valuatlon of assels le8S thelr resldual values over their Useful Ilves on the following b8SeS: Equlpmont 25% reduclng balance The galn or loss arising on the disposal of an asset Is determined as the dlfference bétw88n th8 8a18 proceed8 and the rArying value of the asset, and is recognised In the statement of flnanclal actlvltles. 1.7 Impalrm•nt of flx•d a38•ts At each reporting end dats, the charity reviews the carrying amounts of Its tangibl6 assets to determine wh8ther there Is any Indlcatlon that those assets have suffered an impairment loss. If any such indlGat6on exists. the recover8ble amount of the asset is estimated In order to detsmlne the extent of the Impaim)ent 1088 (If any). 1.8 Cash and cash oqulvalents Cash and cash equlvalents Include cash In hand, deFosIts held at call with banks, other short4erm Ilquld Investrnents wilh orlglnal maturitl88 of three months or less. arKI bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In current Ilabllltles. 1.9 Flnanclal Instrumgnts Th8 charity has 818Ct8d to apply the provisions of Section 11 'B85io Financial Instruments, arKI Sectlon 12 'Other Flnanclal Instruments Issues, of FRS 102 to all of its financlal Instruments. Financial instruments are reeognlsed In the charitys balance sheet when the ¢hartty becomes party lo the contractual provisions of the instrument. Financial assets and liabililies are offset, with the net amounts presented in the financial slatem8nts. when there is a legally enforceable right to set off the recognised amounts and there Is an Intention to setue on a net basis or to realise the asset and settle the fiability simultaneously. Bask financial assets Basic financial assets. bvhich include debtors and cash and bank balances, 8re Inltialty measured at transactlon prlce Including transaction costs arKI ar8 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 Ihe future recelpts discounted at a market rate of Interesl. Flnancial assets classified as receivable within one year are not amortised.
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Aceountlng pollclos (Contlnuèd) Basle flnanclal Ilabllltles Basic financial liabilities, Including creditors and bank loans are Inltially recognised at transaction price unless the arrangement constltutes a flnanclng transactlon, where the debt Instrument is measured at thè present value of the future payments discounled at a market rate of Interest. Flnanclal Ilabllltles classified as payable wlthln one year are not amortlsed. Debt Instruments are subsequently cHrrl8d at amortls8d cost, using the effectlve interest rate method. Trade credltors are obllgatlons to pay for 9oods or services that hav8 b88n acquired in the ordlnary course of operations from suppliers. Amounls payable are dasslfled 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 InltlaNy 8t transaction pri¢8 and subs8qU8ntly measured at amortlsed cost using the effective interest method. Derecognltlon of flnanclal Il•bllltl•$ Flnanclal Ilabllltles are derecognlsed when tho ch8rlty'8 contractual obligations oxpiro or are dlscharged or cancelled. 1.10 Ernploym b•n•flt8 The cost of any unused hollday entltlemenl 1$ recognlsed In the perlod In wthlch the •mployee'8 servlce8 are received. Termln8tlon ben8fit8 are recognised Immodlately as an expense when the chodty IB demonstrably comrnitted to tem)Inate the employment of an employee or to provide t8mination benefits. 1.11 Retlroment bonofll• Payments to d8finèd contrlbutlon r8tlr8ment ben8fflt schemes are charged a8 an exp8n8e a8 they fall due. Crltl¢)l aceountlng ••tlmat•s and Judg•m•nts In the application of the charlty's accounllng pollcle8, the trustees are requlred to make judgements, 8Stlmates and assumptlons about the carrying amount of assets and liabillties that are not readlly apparent from other sources. The estimal88 and assoclat8d assumptions are based on hlstorlcal experience and other factors that are consldered to be relevant. Actual results may differ from these estlmates. The estimates and underlying assumptlons are reviewed on an ongoing basls. R8vlslons to accounling est5mat8s are recognised in the perlod In whlch the estimate is revised where the revision affects only that period, or in the period of the revl$ion 8nd future p8rSods ere the revlslon affects both curient and future periods. Incom• from donatlons and legaclos Unrèstrlcted Unrestrlcted funds funds 2025 2024 Donations and gifts 158,467 111,500
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 Income from Investments Unr08tricted Unr•gtrictod funds fvnds 2025 2024 Interest receivabl8 277 555 Net mov•mont In funds 2025 2024 The net movement in funds Is stated after charglngl(crediting)'. Fèes payable for the Independent examlnatSon of the charity's financial $tatements Depreciation of owned tangible fixed assets 83 110 Charllabl• •¢tlvitl•• 2025 2024 Staff costs Depre¢lation and impairrnent Sundry expenses 125,152 83 21,682 114,585 110 17,867 146,917 132,582 146,917 132,562 Fèes payable to the Independent examingr for Ihe year ended 30 Aprll 2025 r8latlng to the Ind8p8ndent examlnauon of the flnanclal ststements are £1,6,50 <2024: £1,560). Tru8leo• There were no trustees, remunoratlon or other beneflts for the year ended 30th Aprll 2025 nor for th8 year ènded 30th April 2024. There Vre no trustees, expenses pald for the year ended 30th Aprll 2025 nor for the year ended 30th Aprll 2024. 10-
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Employoes The average monthly number of employees durfng the year was: 2025 Number 2024 Number Employm•nt costs 2025 2024 Wages and salarfes Social security costs Other penslon costs 114,288 7,431 3,433 106,756 5,047 2,782 125.152 114,585 There were no employees whose annual remuneratlon was more than £60,00Q. Tax•tlon The charlty Is exempt from taxauon on Its actlvltlas because all Fts Income Is applled for charftable purposes. 10 Tanglble flx•d a$sets Equlpffl•nt Cost At 1 May 2024 2,243 At 30 April 2025 2.243 D¢prn¢latlon and Impalrment At 1 May 2024 Depreclallon charged In the year 1.911 83 At 30 April 2025 1,994 Carylng amount At 30 April 2025 249 At 30 April 2024 332 11 Dèbtors 2025 2024 Amounts falling due withln one year. Other debtors 8,500 12.400 11
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 12 Credltors: amounts falllng dua wlthln one year 2025 2024 Other taxation and social securlty Other creditors Accruals and deferred income 2,441 1,276 1,649 1,560 5,366 2.202 13 Rotlromont boneflt schemes 2025 2024 D•finad ¢¢ntrlbutlon •¢h•m•• Charge to proflt or1086 In r88pect of defined Contrlbutlon Schemes 3,433 2.782 The charlty operates a defined contrlbutlon penslon scheme for 811 quallfylng employees. The assets of th8 scheme are held separately from those of the charity in an independèntly admlnlstered fund, 14 Unre8trl¢tod fund• The unrestricted funds of the charty comprf88 the unexp8nded balances of donatlons and grants whlch are not sublecl to specific conditions by donors and grantors as to how they may be used. These Include deslgnated fijnds which have been set askle out of unrestrlcted funds by the trustees for speclfic purposes. At 1 May 2024 Incomlng r•Sour8 Rosourc exponded At 30 Aprll 2025 General funds 62,728 158,744 1146,917) 74.555 Prevlous year. At 1 May 2023 Incomlng Rosourcos rosources oxpended At 30 Aprll 2024 G8neral funds 83,235 112.055 (132.562) 62,728 15 R•lat•d party transactlons There were no disclosable related party transactions during the year (2024 - none). 12-