Charity number: 1160941
FRIENDS OF THE FRIARAGE
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Armstrongwatson.
Accountants, Business & Financial Advisers

FRIENDS OF THE FRIARAGE
CONTENTS
Page
Reference and Administrative Details of the Charitable incorporated organisation, its
Trustees and Advisers
Trustees. Report
Independent Examiner's Report
ststement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-22

FRIENDS OF THE FRIARAGE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE INCORPORATED ORGANISATION,
ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
S Watson, Co chaI￿nan
Dr A Walters, Co Chairman
Prof M Bramble, Trustee
D Brearley. Trustee
J Dixon, Trustee
A Finlay, Trustee (appointed 1 November 2023)
S-J Harrison. Trustee (appointed 1 November 2023)
B Howard, Trustee {appointed 1 November 2023)
S Jamieson, Trustee & Treasurer (appointed 1 October 2023)
S Lamb. Trustee
K Nelson, Trustee (appointed 1 November 2023)
J Greenwood. Treasurer (resigned 10 October 2023)
D Jermyn, Trustee (resigned 31 August 2023)
K Metcalfe, Trustee (resigned 21 November 2024)
L Proud, Trustee
J Scribbins, Trustee (appointed 22 September 2023)
Charity registered
number
1160941
Principal office
Room 47, Admin Building
Friarage Hosprtal
Northallerton
North Yorkshire
DL6 1JG
Accountants
Amistrong Watson LLP
Chartered Accountants
York House
Thornfield Business Park
Northallerton
North Yorkshire
DL6 2XQ
Page 1

FRIENDS OF THE FRIARAGE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the charitable incorporated
organisation Friends of the Friarage for the period 1 April 2023 to 31 March 2024. The Trustees confirm that the
Annual Report and financial statements of the charitable incorporated organisation comply with the current
statutory requirements, the requirements of the charrtable incorporated organisation's governing document and
the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) {effective 1 January 2019).
Objectives and activities
Policies and objectives
The object of the charity is to relieve patients and fomier patients of the Friarage Hospital and Health Centres in
the Hambleton and Richmondshire district. who are sick. convalescent, disabled, infirm and, generally. to support
the charitable works of the said Friarage Hospital and the Health Centres in the Hambleton and Richmondshire
district.
b. Activities undertaken to achieve objectives
This is achieved by providing a shop serwce for the benefrt of staff, patients and visitors to the hospital,. the
provision of gifts to patients and the purchase of essential equipment and facilities as agreed with the hospital
trust via a range of fundraising activities.
Achievements and performance
. Achievements
After a period of intense investment in hospital services the trustees ensured the approved projects were
ompleted and made several grants to support staff, care and services in line wth our Objects. We continued
our discussions with the Friarage Hospital management team to explore how best to offer support. This
culminated, at the end of this planning period. in March 2024. with the launch of a major fundraising campaign in
support of eye services at the hospital. This has gone on to be the focus of attention throughout 2024-25.
Financial review
. Going concern
The receipt of ￿ significant legacies during 2023-24 replaced funds previously distributed to charity projects.
Together with increasingly strong performance by the Hospital Shop and the fundraising activities of local
supporters we ended the year in a strong financial position.
The Trustees therefore conclude that the Charity has sufficient resources to continue in operational existence for
the foreseeable future and continue to adopt the going concern basis in preparing the financial statements.
Page 2

FRIENDS OF THE FRIARAGE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
b. Reserves policy
The provision of funds to care for patients and to provide items for specific projects is undertaken when the
needs are identified by the Health Trust. The reseNes policy therefore must be consistent with smoothing the
peaks and troughs of income and expenditure.
The Trustees feel that it is prudent to hold free reserves to cover known liabilities, potential redundancies and
other costs that may occur in the wnding up of the charity and have identified this sum at £89,345. As at 31
March 2024, free reserves (unrestricted general fund less tangible fixed assets and stock) of the charity are
£489,081 and are above the required reserves level.
The Trustees allocated at least £100.000 in the budget for 2024-25 for expenditure on items identified and
requested by departments wthin the Hospital.
c. Principal funding
Apart from the income generated by the shop. the principal funding sources are those from fundraising events,
donations and legacies from the local community- This by its very nature varies from year to year.
Structure, govemance and management
. Constitution
Friends of the Friarage is a Charitable Incorporate Organisation {CIO) and is constituted under a Trust Deed wth
registration number 1160941.
b. Methods of appointment or election of Trustees
Members of the management committee vtho are Tnjstees for the purpose of Charity Law, who have served
during the period are set out in the Trustees Report. The committee is elected by Trustees of the Friends and
each year one third retire and may be put forward for re-election. New Trustees are actively encouraged from the
local community.
c. Financial risk management
The Board of Trustees meets on a regular basis. normalty every two months, offering in-person and online
meeting options. Our financial position is reviewed via dedicated finance committee meetings and regular
reports by the Treasurer to the full Board of Trustees. In summer 2023 we held a strategy planning day with all
trustees. This included a robust analysis of our current financial position and intended expenditure. We repeated
this exercise in summer 2024. Our plans and intended expenditure are set in accordance with our available
funds.
The Trustees have assessed the major risks to vthich the Charity is exposed, in particular those related to the
operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our
exposure to the major risks.
Page 3

FRIENDS OF THE FRIARAGE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
The Charity plans to continue its present actiwties in the future. Funds are available to meet future needs where
these have been identified.
In 2024-25 the Charity continues to work the Hospital Trust to develop and implement an agreed investment
plan. This has included a larg&scale fundraising challenge for specialist eye surgery equipment while
maintaining a range of smaller opportunities that appeal to local community fundraisers.
This work continues wth a target date for completion set at July 2025. Discussions are underway with the
clinical teams at the hospital to explore how best the Charity can support them as they move into new surgical
premises and demand for medical services continues to grow.
ststement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance wth
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the charitable incorporated organisation
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..
select suitsble accounting policies and then apply them consistently-
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable incorporated organisation wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable incorporated organisation's transactions and disclose with reasonable accuracy at any time the
financial position of the charitable incorporated organisation and enable them to ensure that the financial
statements comply the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the
provisions of the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
incorporated organisation and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
S Jamieson
Treasurer
Date.. 16 January 2025
Page 4

FRIENDS OF THE FRIARAGE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examiner's report to the Trustees of Friends of the Friarage ('the charitable
incorporated oryanisation.)
I report to the charity Trustees on my examination of the accounts of the charitable incorporated organisation for
the year ended 31 March 2024.
Responsibilities and Basis of Report
As the Trustees of the charitable incorporated organisation you are responsible for the preparation of the
accounts in accordance the requirements of the Charities Act 2011 {'the 2011 Act,).
report in respect of my examination of the charitable incorporated organisation's accounts carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by
the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
This report is made solely to the charitable incorporated organisation's Trustees, as a body. in accordance with
Part 4 of the Charities {Accounts and Reports) Regulations 2008. My work has been undertaken so that I might
state to the charitable incorporated organisation's Trustees those matters l 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 incorporated organisation and the charitable
incorporated organisation's Trustees as a body. for my VK)rk or for this report.
Signed..
Dated: 16 January 2025
Helen Robinson
ACCA
Armstrong Watson LLP
Chartered Accountants
Northallerton
Page 5

FRIENDS OF THE FRIARAGE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Other trading activities
Investments
315.377
218.577
693
315,377
218,577
693
44,577
171,415
543
Total incom8
534,647
534,647
216,535
Expenditure on:
Raising funds
Charitable activities
220,577
36.501
220,577
36,501
187,650
110,429
Total expenditure
257,078
257,078
298,079
Net incomel(expenditure) before net
losses on investments
Net losses on investments
277.569
277.569
(81,544)
(6,1401
Net movement in funds
277.569
277.569
(87,684}
Reconciliation of funds:
Totsl funds brought forward
Net movement in funds
435,620
277,569
6.718
442,338
277,569
530,022
(87,684)
Total funds carried fonNard
713,189
6,718
719,907
442,338
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 22 fomi part of these financial statements.
Page 6

FRIENDS OF THE FRIARAGE
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
6,067
223,096
7,137
223,096
12
229,163
230,233
Current assets
Stocks
Cash at bank and in hand
13
13,101
489,854
12,182
241,297
502,955
253,479
Creditors.. amounts falling due v￿thin one
year
14
112,211
(41,374}
Net current assets
490,744
212,105
Total assets less current liabilities
719,907
442,338
Total net assets
719,907
442,338
Charity funds
Restricted funds
Unrestricted funds
15
6,718
713,189
6,718
435,620
15
Total funds
719,907
442,338
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
S Jamieson
Treasurer
(Chair of Trustees)
Date.. 16 January 2025
The notes on pages 8 to 22 fomi part of these financial statements.
Page 7

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance wth the Charities SORP (FRS 102)
Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) {effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Friends of the Friarage meets the definition of a public benefrt entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwse stated in the
relevant accounting policy.
1.2 Fund accounting
General funds are unrestricted funds v4hich are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charitable incorporated organisation and which have not
been designated for other purposes.
Restricted funds are funds which are to be used in accordance Y￿th specific restrictions imposed by
donors or which have been raised by the charitsble incorporated organisation for particular purposes.
The costs of raising and administering such funds are charged against the specific fund. The aim and
use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
1.3 Income
All income is recognised once the charitable incorporated organisation has entitlement to the income,
it is probable that the income will be received and the amount of income receivable can be measured
reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the charitable incorporated organisation has sufficient evidence
that a gift has been left to them (through knowledge of the existence of a valid wll and the death of
the benefactor) and the executor is satisfied that the propety in question will not be required to
satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be
received and the fair value of the amount receivable, which wll generally be the expected cash
amount to be distributed to the charitsble incorporated organisation, can be reliably measured.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tsx recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 8

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty. 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 attributsble 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 wth
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the porb'on of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the charitable incorporated
organisation to raise funds for its charitable purposes and includes costs of all fundraising activities
events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
charitable incorporated organisation's objectives. as Y￿11 as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are initialty recognised at cost. After recognttion, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls be￿een the carrying
value of fixed assets and their recoverable amounts are recognised as impaiments. Impairment
losses are recognised in the Statement of financial activities.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the foll0Y￿ng basis=
Fixtures and fittings
15% reducing balance
1.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case ti is measured at cost less impairment. Investment gains
and losses. whether realised or unrealised. are combined and presented as 'Gainsl(Losses) on
investments, in the Statement of Financial Activities.
Investments held as fixed assets are shown at cost less provision for impairment.
1.7 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
Page 9

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.8 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charitable incorporated organisation- this is normally upon notification of the interest
paid or payable by the institution with whom the funds are deposited.
1.9 Debtor5
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charitable incorporated organisation anticipates it wll
pay to settle the debt or the amount it has received as advanced payments for the goods or services
it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page10

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Donations
17,538
286,439
11,400
17,538
286.439
11,400
Legacies
Similar incoming resources
Total 2024
315,377
315,377
Unrestricted
funds
2023
Total
funds
2023
Donations
Similar incoming resources
27,790
16,787
27,790
16,787
Total 2023
44,577
44,577
Shop perfomiance
2024
2023
Shop and Trolley income
218,577
171,399
other income and interest
320
275
Total income
218,897
171,674
Wages
(34,179)
(31,965)
Purchases
(154.610)
(133,195)
Other expenses
(7,781)
(7,246)
Total expenses
{196,570)
(172,406)
Shop Surplusl{deficit)
22,327
(731)
Page11

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities
Income from fundraising events
Unrestricted
funds
2024
Total
funds
2024
Shop and trolley income
218,577
218,577
Unrestricted
funds
2023
Total
funds
2023
Shop and trolley income
171,415
171,415
Investment income
Unrestricted
funds
2024
Total
funds
2024
Business base tracker account
693
693
Unrestricted
funds
2023
Total
funds
2023
Business base tracker account
543
543
Page 12

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds
Unrestricted
funds
2024
Total
funds
2024
Purchases shop and trolley
Staff costs
Accountancy shop and trolley
Maintenance shop and trolley
Postage and stationery
166,039
50,320
100
4,019
99
166,039
50,320
100
4,019
99
220,577
220,577
Unrestricted
funds
2023
Total
funds
2023
Purchases shop and trolley
staff costs
124,107
59,397
100
124,107
59,397
100
Accountancy shop and trolley
Maintenance shop and trolley
Postage and stationery
3,379
667
3,379
667
187,650
187,650
Page13

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Shop and trolley
36,501
36,501
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Friends of the Friarage expenses
Donations for hospital
108,948
108,948
1,481
1,481
108.948
1.481
110,429
Summary by expenditure type
Staff costs Depreciation Other costs
2024
2024
2024
Total
2024
Shop and trolley
13.036
1,070
22,395
36,501
Staff costs Depreciation Other costs
2023
2023
2023
Total
2023
Friends of the Friarage expenses
Donations for hospital
13,252
1,259
94,437
1,481
108,948
1,481
13.252
1,259
95,918
110,429
Page 14

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities
Support
costs
2024
Total
funds
2024
Shop and trolley
36,501
36,501
Support
costs
2023
Total
funds
2023
Shop and trolley
Donations for hospital
108,948
1,481
108,948
1,481
110,429
110,429
Analysis of support costs
Total
funds
2024
Total
funds
2023
Depreciation
Accountancy fees
Legal and professional
Payments to hospital
Sundry costs
Bank charges
Advertising and marketing
Printing and stationery
IT soknre and consumables
1,070
4,681
2,364
300
3,595
1.660
5,538
529
1,259
7,692
1,020
67,736
3,237
1.528
6,586
787
171
359
Telephone
Subscriptions
Insurance
1,333
216
1,235
1,080
928
1,564
4,174
13.252
General costs
Governance costs
13.036
36,501
110,429
Page15

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Staff costs
2024
2023
Administrator salary
Shop & trolley staff costs
13,036
50.320
13,252
61,521
63,356
74.773
The name of the secretary who received a salary is Mrs C Cury who is not a Trustee of the charitable
incorporated organisation.
The average number of persons employed by the charitable incorporated organisation during the year
was as follows..
2024
No.
2023
No.
staff numbers
No employee received remuneration amounting to more than £60.000 in either year.
10. Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024. no Trustee expenses have been incurred (2023 - £NIL).
Page 16

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Tangible fixed assets
Fixtures and
fittings
Cost or valuation
At 1 April 2023
60,495
At 31 March 2024
60,495
Depreciation
At 1 April 2023
Charge for the year
53,358
1,070
At 31 March 2024
54,428
Net book value
At 31 March 2024
6,067
At 31 March 2023
7,137
Page 17

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.
Fixed asset investments
Listed
investments
Cost or valuation
At 1 April 2023
223,096
At 31 March 2024
223,096
Net book value
At 31 March 2024
223,096
At 31 March 2023
223,096
The fixed asset investments relate to an investment portfolio managed by Barclays Bank UK PLC.
Page18

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Stocks
2024
2023
Finished goods and goods for resale
13,101
12,182
14. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
7,319
1,562
55
1,813
886
Other taxation and social security
Pension fund loan payable
Accruals and deferred income
3,275
38,676
12.211
41,374
Page19

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expenditure
Unrestricted funds
Reserves
435,620
534,647
(257,078
713,189
Restricted funds
Restricted Funds - all funds
6,718
6,718
Totsl of funds
442,338
534,647
(257,078}
719,907
statement of funds - prior year
Balance at
31 March
2023
Balance at
1 April 2022
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
Reserves
521,823
216,535
(296,598)
(6,1401
435,620
Restricted funds
The Rutson fund
7,074
1,050
75
(1,481)
5,593
1,050
75
Ambulatory care fund
Respiratory department fund
8,199
{1,481)
6,718
Total of funds
530,022
216,535
(298,079)
(6,1401
442,338
Page 20

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Summary of funds
Summary of funds- current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expenditure
General funds
435,620
6,718
534,647
(257,078}
713,189
6,718
Restricted funds
442,338
534,647
(257,078}
719,907
Summary of funds- prior year
Balance at
31 March
2023
Balance at
1 April 2022
Gainsl
(Losses)
Income Expenditure
General funds
Restricted funds
521.823
8,199
216.535
(296.5981
(1,481)
16.1401
435,620
6,718
530,022
216.535
(298.0791
16,1401
442,338
Page 21

FRIENDS OF THE FRIARAGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
(6511
223,096
502,955
(12.211)
6,718
6.067
223,096
502,955
(12,211)
Current assets
Creditors due wthin one year
Total
713.189
6,718
719,907
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
7,137
223,096
246.762
(41,374}
7,137
223,096
253,480
(41,374)
Current assets
6.718
Creditors due wthin one year
Total
435.620
6,718
442,338
18.
Related party transactions
There have been no related party transactions during the year.
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