Charity number: 1160941 FRIENDS OF THE FRIARAGE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Armstrongwatson, Accountants, Business & Financial Arjvisers
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 2025 Trustees S Watson, Co chaInan Dr A Walters, Co Chairman Prof M Bramble, Trustee (resigned 31 March 2025) D Brearley. Trustee J Dixon, Trustee A Finlay, Trustee S-J Harrison. Trustee (resigned 21 September 2025) Dr N Palmerfey, Trustee (appointed 1 April 2025) S Jamieson, Trustee & Treasurer B Bell, Trustee K Nelson, Trustee (resigned 3 May 2025) L Proud, Trustee J Scribbins. Trustee A Young, Trustee (appointed 31 July 20251 Charity registered number 1160941 Principal oiTice R¢)om 47, Admin Building Friarage Hospitsl 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 2025 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 2024 to 31 March 2025. 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 The focus of activity in financial year 2024-25 Krds the fundraising drive to raise £200,000 to purchase specialist equipment to support the eye service at the Friarage Hospital. By the end of March excellent progress had been made and during summer 2025 the total was achieved and the equipment purchased. In addition to this targeted fundraising, the charty continued to support staff and clinical services with small grants. All those staying ovemight in hospital on Christmas Eve received a gift from the charity. Financial review . Going concern The strength of support sh¢Jwn by the local community to support fundraising for medical equipment as demonstrated throughout 2024-25 has indicated that this is a charty that has a strong position in the local ommunity- Combined wth a prudent approach to financial management the Trustees conclude that the Charity has sufficient resources to continue in operational existence for the foreseeable fLrture 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 2025 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 2025, free reserves (unrestricted general fund less tangible fixed assets and stock) of the charity are £572,041 and are above the required reserves level. The Trustees allocated at least £100.000 in the budget for 2025-26 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 Incorporated Organisation (CIO) and is constituted under a Trust Deed th 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 February 2025 we held a strategy development meeting wth all trustees. This included a robust analysis of our current financial position and intended expenditure. Our plans and intended expenditure are set in accordance wth our available funds. The Trustees have assessed the major risks to 1¢h 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 2025 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 2025-26 the Charity continues to work the Hospital Trust to develop and implement an agreed investment plan. In the first half of the year this continued to focus on the largevscale fundraising challenge for specialist eye surgery equipment while maintaining a range of smaller opportunities that appeal to local community fundraisers. State-of-th&art computerised cleaning equipment was purchased to support infection prevention control in the Friarage Hospital. Followng the restructure of the hospital management team, discussions are underway wth the clinical teams to explore how best the Charity can support them. Statement of Trustees. responsibilities The Trustees 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). 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 suitable 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 concem 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 th 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 prevents'on and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: Steve awieso Steve Jamie50n (Nov 16, 13..10..28 GMT) S Jamieson Treasurer Date.. 21 November 2025 Page 4
FRIENDS OF THE FRIARAGE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 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 2025. 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.. Helen Robin50n INov26, 2025 13..57..44 GMT) Dated: 21 November 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 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Other trading activities Investments 196.004 248,297 5.145 196,004 248,297 5,145 315,377 218,577 693 Total incom8 449,446 449,446 534,647 Expenditure on: Raising funds Charitable activities 237,367 126.916 237,367 127,826 220,577 36,501 910 Total expenditure 364,283 910 365,193 257,078 Net incomel(expenditure) before net gains on investments Net gains on investments 85.163 6.904 1910) 84,253 6,904 277,569 Net incomellexpenditure) Transfers between funds 92.067 651 1910) (651) 91,157 277,569 16 Net movement in funds 92,718 (1,561) 91,157 277,569 Reconciliation of funds: Total funds brought foNrfard Net movement in funds 713.189 92,718 6,718 (1,561) 719,907 91,157 442,338 277,569 Total funds carried fonNard 805,907 5,157 811,064 719,907 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 2025 2025 2024 Note Fixed assets Tangible assets Investments 5,157 230,000 6,067 223,096 12 235,157 229,163 Current assets Stocks Debtors 13 14 15,678 189 13,101 Cash at bank and in hand 568,550 489.854 584,417 502,955 Creditors.. amounts falling due wthin one year 15 18,510) (12,211) Net current assets 575,907 490,744 Total assets less current liabilities 811,064 719,907 Total net assets 811,064 719,907 Charity funds Restricted funds Unrestricted funds 16 16 5,157 805,907 6,718 713,189 Total funds 811,064 719,907 The financial ststements were approved and authorised for issue by the Trustees and signed on their behalf by.. Ste ve awiefjo Steve Jainieson INDV 26. 2025 13 10.-28 GfvITI S Jamieson Treasurer Date.. 21 November 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 2025 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 Yth 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 2025 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 Y11 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 beeen 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 foll0Yng 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 2025 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 2025 Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Donations 50,655 145.349 50,655 145,349 Similar incoming resources Total 2025 196,004 196,004 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 Shop perfomiance 2025 2024 Shop and Trolley income 248,297 218,577 other income and interest 1,232 320 Total income 249,529 218,897 Wages (35,906) (34,179) Purchases (179.025) (154,610) Other expenses (12,587) (7,781) Total expenses {227,518) (196,570) Shop Surplusl{deficit) 22,011 22,327 Page11
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Income from fundraising events Unrestricted funds 2025 Total funds 2025 Shop and trolley income 248,297 248,297 Unrestricted funds 2024 Total funds 2024 Shop and trolley income 218,577 218,577 Investment income Unrestricted funds 2025 Total funds 2025 Business base tracker account 5,145 5,145 Unrestricted funds 2024 Total funds 2024 Business base tracker account 693 693 Page 12
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestricted funds 2025 Total funds 2025 Purchases shop and trolley Staff costs Maintenance shop and trolley Postage and stationery 173,715 56,883 4,921 1,848 173,715 56,883 4.921 1,848 237,367 237,367 Unrestricted funds 2024 Total funds 2024 Purchases shop and trolley Staff costs 166,039 50,320 100 166,039 50,320 100 Accountancy shop and trolley Maintenance shop and trolley Postsge and stationery 4,019 99 4,019 99 220,577 220,577 Page13
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2025 Restricted funds 2025 Total 2025 Shop and trolley 126,916 910 127,826 Unrestricted funds 2024 Restricted funds 2024 Total 2024 Friends of the Friarage expenses 35,431 1,070 36,501 Summary by expenditure type Staff costs Depreciation Other costs 2025 2025 2025 Total 2025 Shop and trolley 14,436 910 112,480 127,826 Staff costs Depreciation Other costs 2024 2024 2024 Total 2024 Friends of the Friarage expenses 13,036 1,070 22,395 36,501 Page 14
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities Support costs 2025 Total funds 2025 Shop and trolley 127,826 127,826 Support costs 2024 Total funds 2024 Shop and trolley 36,501 36,501 Analysis of support costs Total funds 2025 Total funds 2024 Depreciation Accountancy fees Legal and professional Payments to hospital Sundry costs Bank charges Advertising and marketing Printing and stationery IT soknre and consumables 910 4,659 2,122 88.057 4,927 1,818 6,167 1.070 4,681 2,364 300 3,595 1,660 5,538 529 171 Telephone Subscriptions Insurance 954 1,333 216 1,046 1.168 1,562 14,436 1,080 928 General costs Governance costs 13,036 127,826 36,501 Page15
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Staff costs 2025 2024 Administrator salary Shop & trolley staff costs 14,436 13,036 50,320 14,436 63.356 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.. 2025 No. 2024 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 (2024 - £NIL). During the year ended 31 March 2025. no Trustee expenses have been incurred (2024 - £NIL). Page 16
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Tangible fixed assets Fixtures and fittings Cost or valuation At 1 April 2024 60,495 At 31 March 2025 60,495 Depreciation At 1 April 2024 Charge for the year 54,428 910 At 31 March 2025 55,338 Net book value At 31 March 2025 5,157 At 31 March 2024 6,067 Page 17
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Fixed asset investments Listed investments Cost or valuation At 1 April 2024 230,000 At 31 March 2025 230,000 Net book value At 31 March 2025 230,000 At 31 March 2024 230,000 The fixed asset investments relate to an investment portfolio managed by Barclays Bank UK PLC. As the balance sheet date portfolio vrfas not supplied, the Trustees have estimated a closing balance of £230,000. Page18
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Stocks 2025 2024 Finished goods and goods for resale 15,678 13,101 14. Debtors 2025 2024 Due within one year Other debtors 189 189 15. Creditors: Amounts falling due within one year 2025 2024 Trade creditors 4,702 683 7,319 1,562 55 Other taxation and social security Pension fund loan payable Accruals and deferred income 210 2,915 3.275 8.510 12,211 Page19
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Gainsl (Lossesl Income Expenditure Unrestricted funds Reserves 713.189 449,446 {364,283) 651 6,904 805,907 Restricted funds The Rutson fund 6,718 1910) {6511 5,157 Total of funds 719.907 449,446 {365,193) 6,904 811,064 ststement of funds - prior year Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure Unrestricted funds Reserves 435.620 534.647 (257,0781 713,189 Restricted funds Restricted Funds - all funds 6.718 6.718 Total of funds 442,338 534,647 (257,078) 719,907 Page 20
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Summary of funds Summary of funds- current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Gainsl (Lossesl Income Expenditure General funds 713.189 6,718 449,446 {364,283) 1910) 651 6,904 805,907 5,157 Restricted funds {6511 719.907 449,446 {365,193) 6,904 811,064 Summary of funds- prior year Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure General funds Restricted funds 435.620 6,718 534.647 (257.0781 713,189 6,718 442.338 534,647 (257,0781 719,907 Page 21
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Fixed asset investments 5,157 5.157 230,000 584,417 18.510 230,000 584.417 {8.510) Current assets Creditors due wthin one year Total 805,907 5,157 811,064 Analysis of net assets between funds - prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Fixed asset investments (651) 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 19. Related party transactions There have been no related party transactions during the year. Page 22