**Charity registration number 1153557**
**Company registration number 08662809 (England and Wales)**
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2023**
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Barbara Harding Michael Simpson Stephen Thomas John Harding Anthony Ginman Peter Harris Robert Kronman **Charity number** 1153557 **Company number** 08662809 **Registered office** 5 Robin Hood Lane Sutton Surrey SM1 2SW **Independent examiner** Miriam Hickson FCA 5 Robin Hood Lane Sutton Surrey SM1 2SW
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 13|
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 JULY 2023**_
The trustees present their report and financial statements for the year ended 31 July 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum & Articles of Association, 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) (effective 1 January 2019)".
## **Objectives and activities**
The charity's aims are to raise more funds in order to continue to increase the level of donations/grants the charity is able to make to the causes we support such as helping those with sensory impairment of sight and/or hearing, supporting affiliated organisations and to extend its support to encouraging lighting education.
## **Public Benefit**
The trustees have paid due regard to guidance issued by the Charity Commission, including public benefit guidance, in deciding what activities the charity should undertake.
## **Achievements and performance**
## **Financial review**
During the period, donations to charities of £24,820 (2022: £26,620) and Education and Military Awards of £10,775 (2022: £7,990) were made. Total income as shown in the statement of financial activities amounted to £47,437 (2022: £60,549).
## **Reserves policy**
It is the policy of the Charity to progressively build up the capital fund of the Trust through legacies, specific one-off donations and some of the investment income and to distribute annually a proportion of investment income, together with, as far as possible, all monies received by way of annual donations from members and specific fundraising activities in pursuance of its objectives.
The trustees have assessed the risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to those risks.
## **Structure, governance and management**
The charity is a company limited by guarantee, and its governing document is its Memorandum and Articles. All decisions concerning grants and investments of funds are made by the trustees as are those concerning the appointment of the trustees. Meetings are usually held three times a year and additionally as appropriate. The general administration of the Charity is handled by the Company's Treasurer, Mr R Rawson and its Trustee Secretary, Mr E Taylor, both of whom are directors of The Worshipful Company of Lightmongers Charitable Trust.
Those nominated as 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: Barbara Harding Michael Simpson Stephen Thomas John Harding Anthony Ginman Peter Harris Robert Kronman
- 1 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
The trustees may at any time appoint an individual who is a member of the Lightmongers Company to be a trustee, up to the maximum number allowed under the constitution of the Charity (currently 7). The trustees are not subject to retirement by rotation, but serve fixed terms of office of three years. At the end of the first term of office a trustee may be re-appointed to one further term of office by the remaining trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## **Statement of trustees' responsibilities**
The trustees, who are also the directors of The Worshipful Company of Lightmongers Charitable Trust Limited 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.
## **Review**
I am grateful for the support of my fellow Trustees in providing their time, energy, and enthusiasm to the work of the Trust and to our Treasurer Roger Rawson and our Secretary, Past Master Eddie Taylor for management of the administration of the Trust.
Along with the Board of Trustees, I would like to thank all those who have given so generously to the Trust in the last year and encourage any Liveryman or Freeman who does not already support the Trust to do so. One-off donations are always welcome. The appropriate forms for annual contributions including Gift Aid are available from the Secretary or the Clerk.
The trustees' report was prepared in accordance with the special provisions relating to small companies and approved by the Board of Trustees.
.............................. Stephen Thomas **Trustee**
Date: .............................................
- 2 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
I report to the trustees on my examination of the financial statements of The Worshipful Company of Lightmongers Charitable Trust Limited (the charity) for the year ended 31 July 2023.
## **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 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **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:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements 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 financial statements to be reached.
## **Miriam Hickson FCA**
Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW
Dated: .........................
- 3 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JULY 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and
legacies
**14,384**
**-**
Income from
charitable activities
**2**
**13,305**
**-**
Investments
**3**
**19,748**
**-**
**Total income**
**47,437**
**-**
**Expenditure on:**
Raising funds
**4**
**13,686**
**-**
Charitable activities
**5**
**35,753**
**4,760**
**Total expenditure**
**49,439**
**4,760**
Net gains/(losses) on
investments
**12**
**(33,181)**
**-**
**Net movement in funds**
**(35,183)**
**(4,760)**
Fund balances at 1 August
2022
**603,551**
**18,905**
**Fund balances at 31 July**
**2023**
**568,368**
**14,145**|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
**14,384**
11,682
-
**13,305**
26,326
-
**19,748**
22,541
-
**47,437**
60,549
-
**13,686**
19,990
-
**40,513**
33,107
5,180
**54,199**
53,097
5,180
**(33,181)**
(12,166)
-
**(39,943)**
(4,714)
(5,180)
**622,456**
608,265
24,085
**582,513**
603,551
18,905|**Total**
**2022**
**£**
11,682
26,326
22,541
60,549
19,990
38,287
58,277
(12,166)
(9,894)
632,350
622,456|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **BALANCE SHEET**
## _**AS AT 31 JULY 2023**_
|**Notes**
**Fixed assets**
Investments
**13**
**Current assets**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**16**
Unrestricted funds
General unrestricted funds
Revaluation reserve|**2023**
**£**
**20,632**
**52,536**
**73,168**
**(5,454)**
**536,771**
**31,597**|**£**
**514,799**
**67,714**
**582,513**
**14,145**
**568,368**
**582,513**|**2022**
**£**
46,234
51,994
98,228
(8,812)
535,121
68,430|**£**
533,040
89,416|
|---|---|---|---|---|
|||||622,456|
|||||18,905
603,551|
|||||622,456|
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 July 2023.
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 .........................
..............................
Stephen Thomas **Trustee**
## **Company Registration No. 08662809**
- 5 -
**THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 JULY 2023**_
## **1 Accounting policies**
## **Company information**
The Worshipful Company of Lightmongers Charitable Trust Limited is a registered charity and a private company limited by guarantee incorporated in England and Wales. The registered office is 5 Robin Hood Lane, Sutton, Surrey, SM1 2SW.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum & Articles of Association, 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) (effective 1 January 2019)". 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 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, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in 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.
Unrestricted funds are income resources receivable without further specific purpose and are available for general purposes to be used at the discretion of the Trustees.
Restricted funds have a restriction placed on them by the donor and must be used in accordance with the terms of that restriction.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Any income received for events that will take place in future years is deferred.
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.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
**THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure is inclusive of any VAT which cannot be recovered.
Donations payable are accounted for when the charity is committed to paying them.
## **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.
## **1.8** _**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 receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
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.
- 7 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
|**2**|**Income from charitable activities**|||
|---|---|---|---|
|||**2023**|**2022**|
|||**£**|**£**|
||Events|**13,305**|26,326|
|**3**|**Investments**|||
|||**Unrestricted **|**Unrestricted**|
|||**funds**|**funds**|
|||**2023**|**2022**|
|||**£**|**£**|
||Income from listed investments|**19,193**|22,511|
||Interest receivable|**555**|30|
|||**19,748**|22,541|
|**4**|**Expenditure on raising funds**|||
|||**2023**|**2022**|
|||**£**|**£**|
||Expenditure on charitable activities|||
||Staging fundraising events|**8,104**|13,981|
||Investment management fees|**5,582**|6,009|
|||**13,686**|19,990|
- 8 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
## **5 Expenditure on Charitable activities**
|Education / Merit Awards Presented (see note 9)
Grant funding of activities (see note 8)
Support costs (see note 6)
Governance costs (see note 6)
**Analysis by fund**
Unrestricted funds
Restricted funds
**For the year ended 31 July 2022**
Unrestricted funds
Restricted funds|**2023**
**£**
**10,775**
**24,820**
**2,158**
**2,760**
**40,513**
**35,753**
**4,760**
**40,513**|**2022**
**£**
7,990
26,620
1,237
2,440|
|---|---|---|
|||38,287|
|||33,107
5,180|
|||38,287|
## **6 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Bank charges
**132**
**-**
Travelling and subsistence
**826**
**-**
Bookkeeping
**1,200**
**-**
Independent exam fees
**-**
**1,285**
Accountancy
**-**
**1,475**
**2,158**
**2,760**|**2023**
**£**
**132**
**826**
**1,200**
**1,285**
**1,475**
**4,918**|**2022 Basis of allocation**
**£**
291 Support
446 Support
500 Support
1,200 Governance
1,240 Governance
3,677|
|---|---|---|
## **7 Employees**
There were no employees during the year.
- 9 -
**THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
## **8 Grants payable to the charitable causes supported**
|**Charities supporting work for the Blind:**
Action for Blind People (RNIB)
Blind In Business
Brit. Blind Sport
Royal National College for the Blind
Sight Research UK
Royal London Society for Blind Children
See Ability
Fight for Sight
Extant
**Charities Supporting work for Deaf/Blind:**
Canine Partners for Independence
Hearing Dogs for Deaf People
Deaf Blind UK
Wooden Spoon
Jubilee Sailing Trust
Treloars
**Charities Supporting work for the Deaf:**
National Deaf Children’s Soc.
Definitely Theatre
**Affiliated Schools:**
Mary Hare School for the Deaf
New College Worcester
**City Charities:**
St. Botolph’s Charity
St. Paul’s Cathedral
Clergy Support Trust
City Hackney Carriage Drivers
Lord Mayor’s Appeal
Master's Discretionary Donation
Royal British Legion
Sheriff & Recorder’s Fund
Trustees of the United Guilds
Providence Row
British Red Cross
Livery Companies Skills Council Annual Subs
ABF Soldiers Charity|**2023**
**£**
**-**
**500**
**500**
**-**
**-**
**-**
**-**
**1,000**
**500**
**2,500**
**-**
**-**
**1,000**
**-**
**(500)**
**1,000**
**1,500**
**-**
**500**
**7,810**
**7,810**
**15,620**
**500**
**-**
**-**
**1,500**
**1,000**
**500**
**500**
**-**
**200**
**-**
**-**
**-**
**500**
**4,700**
**24,820**|2022
£
1,250
500
500
500
1,000
1,000
1,000
1,000
-|
|---|---|---|
|||6,750|
|||500
500
1,000
500
500
1,000|
|||4,000|
|||1,000
-
4,500
4,500|
|||9,000|
|||500
500
100
-
500
500
500
500
175
500
1,520
75
500|
|||5,870|
|||26,620|
- 10 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
|**9**
**Education / Merit Awards Presented**
**Military Awards**
56 (Woolwich) Air Cadets
Meals For Army and RAF
579 Squadron Merit Award - Bob Harris
606 Squadron Merit Award - Rod Bennion
HMS Queen Elizabeth Merit Award
Haringey Sea Cadets
**Education Awards**
UCL Bartlett School of Architecture MSc in Light and Lighting - Best Student
Award
Attendee Costs for Award Winners
Construction Liveries Group annual subscription and awards costs
NCW & MH Head Boys and Girls & attendee costs
ALPD
LIA HND
Affiliated Schools Science Prizes and other support|**2023**
**£**
**1,310**
**780**
**750**
**750**
**750**
**1,310**
**5,650**
**1,000**
**240**
**515**
**1,720**
**500**
**1,000**
**150**
**5,125**
**10,775**|2022
£
500
520
750
750
-
500|
|---|---|---|
|||3,020|
|||1,000
660
660
880
500
1,000
270|
|||4,970|
||||
|||7,990|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year. None of the trustees were reimbursed for expenses during the year.
## **11 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
- 11 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
## **12 Net gains/(losses) on investments**
|Revaluation of investments
Gain/loss on sale of investments|**2023**
**£**
**(17,662)**
**(15,519)**
**(33,181)**|**2022**
**£**
(17,456)
5,290|
|---|---|---|
|||(12,166)|
## **13 Fixed asset investments**
||**Listed**|
|---|---|
||**investments**|
||**£**|
|**Cost or valuation**||
|At 1 August 2022|**533,040**|
|Additions|**226,519**|
|Valuation changes|**(17,662)**|
|Disposals|**(227,098)**|
|At 31 July 2023|**514,799**|
|At 31 July 2022|**533,040**|
## **Fixed asset investments revalued**
The historical cost of investments included at valuation is £483,202 (2022: £464,610).
## **14 Debtors**
|**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income|**2023**
**£**
**740**
**19,892**
**-**
**20,632**|**2022**
**£**
500
37,773
7,961|
|---|---|---|
|||46,234|
- 12 -
## **THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2023**_
## **15 Creditors: amounts falling due within one year**
|Trade creditors
Other creditors
Accruals and deferred income|**2023**
**£**
**-**
**2,374**
**3,080**
**5,454**|**2022**
**£**
3,616
480
4,716|
|---|---|---|
|||8,812|
## **16 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Balance at**|**Donations out**|**Balance at**|**Donations out**|**Balance at**|
|---|---|---|---|---|---|---|
|||**1 August 2021**||**1 August 2022**||**31 July 2023**|
|||**£**|**£**|**£**|**£**|**£**|
|Education awards||**17,400**|**3,160**|**14,240**|**(2,740)**|**11,500**|
|Military awards||**6,685**|**2,020**|**4,665**|**(2,020)**|**2,645**|
|||**24,085**|**5,180**|**18,905**|**(4,760)**|**14,145**|
|**Analysis of net assets between funds**|||||||
||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total|
||**2023**|**2023**|**2023**|2022|2022|2022|
||**£**|**£**|**£**|£|£|£|
|Fund balances at|||||||
|31 July are|||||||
|represented by:|||||||
|Investments|**514,799**|**-**|**514,799**|533,040|-|533,040|
|Current assets/(liabilities)|**53,569**|**14,145**|**67,714**|70,511|18,905|89,416|
||**568,368**|**14,145**|**582,513**|603,551|18,905|622,456|
## **17 Analysis of net assets between funds**
## **18 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 13 -