**REGISTERED CHARITY NUMBER: 1156110** Trustees' Report and Unaudited Financial Statements for the Year Ended 31 July 2023 for Smart School Councils Community Smart School Councils Community ## Contents of the Financial Statements for the Year Ended 31 July 2023 ||Page| |---|---| |Trustees' Report|1 to 6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9 to 10| |Notes to the Financial Statements|11 to 19| Smart School Councils Community ## Trustees' Report for the Year Ended 31 July 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of 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). ## **Foreword from chair of Trustees** Smart Schools Councils and its partners have had another year of making an incredible impact. The team continues to progress with their strategy delivering on these commitments in the second year of their 3 year plan. Their goal is simple, to create a sustainable, charitable platform which advances children’s lives by providing support, education and activities which encourage involvement in school and democracy generally to build skill, capacity and opportunity. I am very proud to see that the team have dramatically increased the number of member schools to 450, increasing renewal rates at the same time; this has led to an increase in trading income of 30% which underpins the ongoing sustainability of the work the team do. In addition to these organisational fundamentals, the team have won awards from organisations such as Citizenship Organisation of the year and been credited by their School partners for making a meaningful impact on children’s oracy, speaking and pupil-led action. While trading income continues to develop further grant funding, time and school volume is still needed to fully execute on the strategy; but plans exist to reach this goal and I am convinced that the team will reach this pinnacle of an achievement. ## **Sam Hockman, Chair of Trustees** ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The principal objective of the organisation is to advance children in life and help children and young people who from time to time may participate in school councils and other forms of student representation and action through: (a) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as responsible individuals; (b) Providing support and activities which develop the skills, capacities and capabilities of those who work with children and young people to listen to and engage with young people. ## **Public benefit** The Principal Activity during the year continued to be that of providing Education about active involvement in democracy to school children and teachers. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 1 Smart School Councils Community ## Trustees' Report for the Year Ended 31 July 2023 ## **ACHIEVEMENT AND PERFORMANCE** At a time of deep division in society, it continues to be absolutely critical that young people are a core part of democracy and debate. We are helping schools to involve every young person’s voice, in a simple and practical way. We believe that this opportunity should be open to all. We're proud to report another year of strong growth for Smart School Councils. Our core membership expanded to over 450 schools, and the Big Debate Club introduced new ways for students to engage in exciting, meaningful debates. This year, we also had the honour of being named Citizenship Organisation of the Year from the Association of Citizenship Teaching, a testament to our impact and dedication. We are two years into our three-year Strategic Plan, which has been incredibly helpful in refining our vision, impact and path for the future. ## **Our membership of 450 member schools** Our membership continues to go healthily. It helps schools involve every young person's voice by setting up a Smart School Council. This year, we grew our membership by around 30%, reaching 450 schools. Our platform now helps 10,000 young people to participate in meetings every day. We are incredibly proud of this reach and impact. Members continue to pay an annual fee for the platform and service. We also take pride in our ‘Wall of Love’, showcasing the positive feedback and impact stories from our member schools. Finally, we are proud that our membership has continued to show strong growth in trading revenue. This year it has increased by 30% (£89,218 to £115,777). Page 2 Smart School Councils Communi Trustees, Re ort for Ihe Year Ended 31 Jul 2023 Wall of love Acr t￿E￿￿T ￿5￿cT* Ab5D1A*y￿I1iI￿l￿Qr￿U￿kn'￿SsceTY rLynXI￿Th thllSChDL￿c￿￿l￿w1t￿hlnyth￿￿￿ to&SSC= IJ 11Th￿ 9B1iowewa￿￿y3rdIwl *￿A￿r￿Al Lwlié[￿0lWScCTYl￿￿￿5￿￿15pZ￿S4￿￿I ￿t¢￿Il¢Cy chbttlnBge Page 3 Smart School Councils Community ## Trustees' Report ## for the Year Ended 31 July 2023 ## **Impact** Our programme has three key aims: 1. To significantly more young people in pupil voice and democracy 2. To increase the number of young people who feel listened to in school 3. To build better speaking and listening skills Results this year show that: |Goal|Impact| |---|---| |To help more young people to be actively
involved in democracy through pupil voice|The average percentage of pupils involved in
pupil voice before the programme is 6%. After
the programme, it is 83%.| |To help more young people feel listened to|The average percentage of pupils who felt
listened to before the programme is 36%. After
the programme, it is 87%.| |To help young people build better speaking
and listening skills|92% of teachers ‘strongly agree’ or ‘agree’ that
their Smart School Council is having a positive
impact on speaking skills. 93% of teachers
‘strongly agree’ or ‘agree’ that Smart School
Council is having a positive impact on listening
skills.| |To support a disproportionately high number of
young people in Special Educational Needs
(SEN) schools and Pupil Referral Units
(PRUs)|Our programme supports more than double
the national average (5%). 17% of our
membership are from PRU or SEN settings.| Big Debate Club - our free, guided class debate tool - continues to involve more and more young people across the country. Young people debated 89,000 times across the year, boosting their speaking skills and oracy. 36 young people from disadvantaged backgrounds in Hackney were supported to lead their own nationwide debates. Funded by UBS, this project worked closely with four schools to support these students. 91% of these pupils made better than expected progress over the academic year as a result of the programme. Page 4 Smart School Councils Community ## Trustees' Report for the Year Ended 31 July 2023 ## Quotations "The children really loved the programme and it has been a great experience for them. The children loved looking forward to the videos each week and debating. Hopefully more children will be able to take part in the future. Or perhaps a way of including the rest of the class (outside of the weekly debate). I do believe the programme has been very successful". Aba Wood-Andoh, Year 5 Class Teacher, London Fields Primary School "Our students at New Bridge College and Future Finders Employability college are now able to record their voice, easily through the suggestion system and in addition to that I can also get the students in my college thinking more critically through tackling tough but insightful debate topics. Thank you, Smart School Councils!" Rizwana Sarwar, New Bridge College, Oldham "I genuinely think this is the best way I have seen pupil voice in action most other school councils tend to be a popularity contest and ineffective - but not this!" Ms Fisher, d’Overbroecks School, Oxford "The Big Debate has been an excellent addition to tutor sessions at Bridge Academy. It has been interesting to observe different tutors use the excellent resources in creative ways. Teachers have modelled different debating styles. The debates have given students a chance to present to their peers. The debates have challenged students to think about relevant topics in today's society. A particular highlight was watching different tutor groups debate the pay of doctors vs. MPs. This provided an opportunity for students to think critically about the role of politicians in democracy. The debate titles show the excellent work Vivian and Becky did during the two sessions to get students to think and engage and the outcome was interesting and thought-provoking debate titles. The students were incredibly proud of the work they produced and were keen to share their ideas following the sessions. The chance to then showcase in front of their peers only served to further increase the value of the programme to the school". Elliot Naylor, Head of Year 7 at The Bridge Academy ## **The Young Foundation Social Investment** In this year, we successfully paid off 100% of the Social Investment from the Young Foundation. ## **FINANCIAL REVIEW Financial review Review of financial position** During the year the organisation received income of £227,962 (2022: £195,148) of which £111,857 (2022: £105,920) was restricted grant Income. In the same period the Expenditure totalled £247,765 (2022: £229,584) giving a net deficit of £19,803 (2022: £34,436). The net deficit of £19,803 was wholly against unrestricted funds. Smart School Councils Community operates a Reserves Policy which aims to retain unrestricted reserves equivalent to three months' worth of ordinary running costs. The reserves policy is reviewed annually by the trustees to ensure it meets the demands and requirements of current charity performance. Based on the planned expenditure for the year to July 2024 the Trustees would aim to hold minimum unrestricted reserves at the start of the year of £61,095 (2022: £49,965). The actual unrestricted reserves balance on 31 July 2023 was £32,702 (2022: £52,505). Page 5 Smart School Councils Community Trustees' Report for the Year Ended 31 July 2023 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Nature of governing document** The charity is constituted as a Charity Incorporated Organisation and is registered with the Charity Commission for England and Wales with the registration number 1156110. The Charity is governed by the standard constitution document which includes voting members other than its charitable trustees which is dated 14 August 2014. Trustees are appointed by the decision of the members at the annual general and rotate by resignation of one third of their number on an annual basis. The two founder members of the Charity, Asher Jacobsberg and Greg Sanderson are not Trustees. Greg Sanderson is an active Manager within the Organisation, and Asher Jacobsberg left the Organisation in July 2017. ## **Additional Governance Matters** Smart Schools Councils employs three full time members of the staff, Greg Sanderson, Director, on a full-time basis. The trustees are responsible for managing and assessing Greg's performance. The organisation also employs a number of associates to deliver training and provide expert support on an ad hoc basis. Associates are managed by Greg Sanderson, the Director. The trustees regularly review the risks faced by the Charity at the Trustees' meetings and have developed an Organisation risk register to formalise the procedures. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** (England and Wales) ## **Registered Charity number** 1156110 ## **Registered office** Smart School Councils 86-90 Paul St. London EC2A 4NE ## **Trustees** James Teasdale Trustee Lucy Macnab Trustee Andrew Moffat Trustee Sam Hockman Chair The annual report was approved by the trustees of the charity on .................... and signed on its 29 May 2024 behalf by: .......................................................... — Sam Hockman -Chair Page 6 ## Independent Examiner's Report to the Trustees of Smart School Councils Community ## **Independent examiner's report to the trustees of Smart School Councils Community ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (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 the Company 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. ## **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: 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. ………………………………….. Sajjad Jaffer FCCA Harris Accountancy Services Ltd Cobalt Square, 83 Hagley Road Birmingham B16 8QG Date: ............................................. 29 May 2024 Page 7 Smart School Councils Community ## Statement of Financial Activities for the Year Ended 31 July 2023 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Raising funds**
Other trading activities
4
**Charitable activities**
5
Charitable Activity
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
115,777
328
116,105
1,626
1,626
134,282
135,909
(19,803)
52,505
32,702|Restricted
fund
£
111,857
-
111,857
95
95
111,762
111,856
-
-
-|31.7.23
Total
funds
£
227,634
328
227,962
1,721
1,721
246,044
247,765
(19,803)
52,505
32,702|31.7.22
Total
funds
£
195,148
-
195,148
1,218
1,218
228,366
229,584
(34,436)
86,941
52,505| |---|---|---|---|---| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 8 ## Smart School Councils Community ## Balance Sheet ## 31 July 2023 |Notes
**CURRENT ASSETS**
Debtors
12
Cash at bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
29,238
106,017
135,255
(102,553)
32,702
32,702
32,702|Restricted
fund
£
-
-
-
-
-
-
-|31.7.23
Total
funds
£
29,238
106,017
135,255
(102,553)
32,702
32,702
32,702
32,702
32,702|31.7.22
Total
funds
£
16,919
97,085
114,004
(61,499)
52,505
52,505
52,505
52,505
52,505| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 9 continued... Smart School Councils Community ## Balance Sheet - continued ## 31 July 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 29 May 2024 ............................................. — Sam Hockman - Chair The notes form part of these financial statements Page 10 Smart School Councils Community ## Notes to the Financial Statements for the Year Ended 31 July 2023 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** Smart School Councils Community 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 accounts are presented in sterling and are rounded to the nearest pound. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## **Donations** Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## **Grants receivable** Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. During the year, the charity incurred expenses of £247,765 (2022: 229,584). ## **Raising funds** These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Page 11 continued... Smart School Councils Community ## Notes to the Financial Statements - continued for the Year Ended 31 July 2023 ## **1. ACCOUNTING POLICIES - continued** ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Governance costs** These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses. ## **Intangible assets** Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight-line basis over their estimated useful lives. ## **Amortisation** Amortisation is provided on intangible fixed assets to write off the cost, less any estimated residual value, over their expected useful economic life as follows: 25% on straight line basis ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued... Smart School Councils Community ## Notes to the Financial Statements - continued ## for the Year Ended 31 July 2023 ## **2. DONATIONS AND LEGACIES** |Unrestricted
funds
£
Donations
2,500
Grants
-
Membership Income
106,505
Charitable Activities
6,772
115,777
**3.**
**INVESTMENT INCOME**
Unrestricted
funds
£
Deposit account interest
328
**4.**
**OTHER TRADING ACTIVITIES**
Unrestricted
funds
£
Purchases
1,626
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable Activity|Restricted
funds
£
-
111,857
-
-
111,857
Restricted
funds
£
-
Restricted
funds
£
95
Direct
Costs (see
note 6)
£
242,473|31.7.23
Total
funds
£
2,500
111,857
106,505
6,772
227,634
31.7.23
Total
funds
£
328
31.7.23
Total
funds
£
1,721
Support
costs (see
note 7)
£
3,571|31.7.22
Total
funds
£
10
105,920
83,894
5,324
195,148
31.7.22
Total
funds
£
-
31.7.22
Total
funds
£
1,218
Totals
£
246,044| |---|---|---|---| Page 13 continued... Smart School Councils Community ## Notes to the Financial Statements - continued for the Year Ended 31 July 2023 |**6.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Rent/Room hire
Insurance
Venue and Event Catering costs
Postage and stationery
Advertising
Sundries
Consultancy fees
Travel, Accommodation and subsistence costs
Hosting fees, IT and Video
Recruitment costs
Subscriptions
Freelance staff costs
Office Equipment/Furniture
Bad Debts
Staff entertaining and gifts
Interest payable and similar charges|31.7.23
£
160,698
78
1,580
679
348
2,862
112
8,511
9,504
33,741
373
863
18,792
1,333
1,454
1,275
270
242,473|31.7.22
£
130,531
427
484
197
694
15,998
935
10,145
7,533
27,017
791
803
10,335
2,338
2,528
-
12,586
223,342| |---|---|---| **7. SUPPORT COSTS** |Finance
£
Charitable Activity
813
Support costs, included in the above, are as follows:
Bank charges
Professional fees
Staff CPD & Team Building
Accountancy fees|Governance
Other
costs
Totals
£
£
£
963
1,795
3,571
31.7.23
31.7.22
Charitable
Total
Activity
activities
£
£
813
304
100
156
863
1,972
1,795
2,592
3,571
5,024| |---|---| Support costs, included in the above, are as follows: Page 14 continued... Smart School Councils Community ## Notes to the Financial Statements - continued for the Year Ended 31 July 2023 ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022. ## **9. STAFF COSTS** The key management personnel are the Trustees and the co-founder of the charity, Greg Sanderson, who is one of the employees of the Charity. No employee received emoluments of more than £60,000 during the year. Average number of employees during the year was: ||**Year**|Year| |---|---|---| ||**ended**|ended| ||**31.07.23**|31.07.22| ||5|5| |**Breakdown of staff costs:**||| ||**Year**|Year| ||**ended**|ended| ||**31.07.23**|31.07.22| ||**£**|£| |Salaries|145,318|114,780| |Employer's NI|14,195|10,739| |Employer's Pension|1,185|5,012| |**Key Management Personnel:**||| ||**Year**|Year| ||**ended**|ended| ||**31.07.23**|31.07.22| ||**£**|£| |Salary|44,000|40,000| |Employer's NI|4,926|4,053| |Employer's Pension|1,129|953| Page 15 continued... Smart School Councils Community ## Notes to the Financial Statements - continued ## for the Year Ended 31 July 2023 |**10.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||| |---|---|---|---|---|---| |||Unrestricted|Restricted||Total| |||fund|fund||funds| |||£|£||£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies|89,227|105,921||195,148| ||**EXPENDITURE ON**||||| ||**Raising funds**||||| ||Other trading activities|1,218||-|1,218| |||1,218||-|1,218| ||**Charitable activities**||||| ||Charitable Activity|85,469|142,897||228,366| ||**Total**|86,687|142,897||229,584| ||**NET INCOME/(EXPENDITURE)**|2,540|(36,976)||(34,436)| ||**RECONCILIATION OF FUNDS**||||| ||**Total funds brought forward**|49,965|36,976||86,941| ||**TOTAL FUNDS CARRIED**||||| ||**FORWARD**|52,505||-|52,505| |**11.**|**INTANGIBLE FIXED ASSETS**||||| ||||||Computer| ||||||software| ||||||£| ||**COST**||||| ||At 1 August 2022 and 31 July 2023||||42,000| ||**AMORTISATION**||||| ||At 1 August 2022 and 31 July 2023||||42,000| ||**NET BOOK VALUE**||||| ||At 31 July 2023||||-| ||At 31 July 2022||||-| Page 16 continued... Smart School Councils Community ## Notes to the Financial Statements - continued ## for the Year Ended 31 July 2023 |**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
Accrued expenses|| |---|---| The charity received social investment in the form of a loan of £42,000 from The Young Foundation. This was used to develop the class meeting tool - an innovative online tool to help young people to lead inclusive democratic meetings. The loan became repayable from September 2019 when it converted into a Revenue Participation Agreement. The loan was repaid in full in 2023. ## **14. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.8.22
in funds
£
£
52,505
(19,803)
52,505
(19,803)|At
31.7.23
£
32,702
32,702| |---|---|---| Page 17 continued... Smart School Councils Community ## Notes to the Financial Statements - continued ## for the Year Ended 31 July 2023 ## **14. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
116,105
(135,908)
**Restricted funds**
Restricted Grants
111,857
(111,857)
**TOTAL FUNDS**
227,962
(247,765)
**Comparatives for movement in funds**
Net
movement
At 1.8.21
in funds
£
£
**Unrestricted funds**
General fund
49,965
2,540
**Restricted funds**
Restricted Grants
36,976
(36,976)
**TOTAL FUNDS**
86,941
(34,436)
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
89,227
(86,687)
**Restricted funds**
Restricted Grants
105,921
(142,897)
**TOTAL FUNDS**
195,148
(229,584)|Movement
in funds
£
(19,803)
-
(19,803)
At
31.7.22
£
52,505
-
52,505
Movement
in funds
£
2,540
(36,976)
(34,436)| |---|---| Page 18 continued... Smart School Councils Community ## Notes to the Financial Statements - continued for the Year Ended 31 July 2023 ## **14. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Grants
**TOTAL FUNDS**|Net
movement
At 1.8.21
in funds
£
£
49,965
(17,263)
36,976
(36,976)
86,941
(54,239)|At
31.7.23
£
32,702
-
32,702| |---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Grants
**TOTAL FUNDS**|Incoming
resources
£
205,332
217,778
423,110|Resources
expended
£
(222,595)
(254,754)
(477,349)|Movement
in funds
£
(17,263)
(36,976)
(54,239)| |---|---|---|---| ## **15. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 July 2023. Page 19