**GROWING AGAINST VIOLENCE** (A Registered Charity and Company Limited by Guarantee) ## **REPORTS AND FINANCIAL STATEMENTS** **For the period ended 31 March 2023** Registered Charity No. 1163738 Registered as a Company in England & Wales No. 09209205 Page **1** of **16** ## **TRUSTEES REPORT For the year ended 31 March 2023** **_____________________________________________________________________** |**CONTENTS**|**Pages**| |---|---| |Legal and administrative details|3| |Trustees Report|4| |Independent Examiners’ Report|9| |Statement of financial activities|11| |Balance sheet|12| |Notes to the accounts|13| Page **2** of **16** ## **TRUSTEES REPORT For the year ended 31 March 2023** **_____________________________________________________________________** ## **LEGAL AND ADMINISTRATIVE DETAILS** **Charity Name:** Growing Against Violence **Registered Charity Number:** 1163738 **Company Registration Number:** 09209205 **Registered Office** 18 Stoneleigh Broadway Stoneleigh Epsom Surrey KT17 2HU ## **Trustees / Directors of the Charity and Company** A B Davis Chair M Howes Company Secretary D P Bew S K Harding (resigned January 2023) E Brown M M B Cleary (resigned April 2023) C J Heawood J Roddick E D Mcglothan (appointed 19 September 2022) ## **Chief Executive Officer** **Bankers** S Trayler Barclays 43 High Street Sutton SM1 1DR **Independent Examiner** Kevin Mallett L & F Accounting Ltd 18 The Broadway Stoneleigh, Stoneleigh Epsom, Surrey KT17 2HU Page **3** of **16** **TRUSTEES REPORT For the year ended 31 March 2023** ## **_____________________________________________________________________** ## **TRUSTEES REPORT** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations. ## **AIMS AND OBJECTIVES** ## **Purposes and aims** The objectives of the charity are for the public benefit: - to preserve and protect the health and wellbeing of children and young people; - to advance the education of the public; and - to undertake such other exclusively charitable purposes according to the laws of England and Wales for the public benefit as the directors may from time to time determine, through activities including: - the provision of learning programmes that promote the prevention of violence and crime; and - research into the causes, and effects on society in general, and young people in particular, of peer-on-peer violence, gang-related crime, and other crime. ## **Ensuring our work delivers our aims** G.A.V. uses police-inspired gang reduction messages, which are increasingly supported by public healthinspired ‘protection and safeguarding’ of young people messages. This was prompted in part by students making large numbers of disclosures, particularly around sexual violence, to G.A.V. facilitators. The programme has been delivered in schools to tens of thousands of children and young people and fits in well with policy agendas related to violence, in particular: public health aspects of gun and knife crime and of sexual violence; young people’s victimisation and trauma experiences; safeguarding; social media and online safety; and teacher support. Through the appointment of an interim CEO and interim Operations and Safeguarding Manager GAV has an effective executive body with clear remits. A committed Board of Trustees holds the executive to account and provides both support and strategic direction to ensure the aims of the Charity are met. ## **The focus of our work** G.A.V. is committed to delivering age appropriate preventative education, universally in schools and Pupil Referral Units (PRU’s). This model, to date, involves making arrangements with local authorities for a coordinated and blanket delivery of workshops to schools in their area, aimed at every student in the relevant age groups. The charity also engages directly with schools and other forums to deliver workshops directly to them. The workshops are consistent and standardised. ## **How our activities deliver public benefit** G.A.V. sessions have been robustly evaluated using a mixed method approach, including observations and archival methods to measure process and a randomized control trial to measure outcomes. Findings indicate that the implementers were keen to enhance program fidelity and to work on process improvement throughout. The RCT indicated G.A.V. was effective in reducing levels of gang membership and the frequency and variety of delinquency and violent offending both in in the short- and long- term, although the program effect was not statistically significant. G.A.V. did have a lasting influence over Page **4** of **16** **TRUSTEES REPORT For the year ended 31 March 2023** ## **_____________________________________________________________________** students’ attitudes toward police and their adherence toward street code, which was statistically significant. Large numbers of disclosures are received by G.A.V. facilitators and robust child protection and safeguarding procedures exist whereby school Designated Safeguarding Officers are fully supported and anonymized information is shared at an aggregate level with Local Strategic partners who fund the programme in order to preserve and protect the health and wellbeing of children. ## **REVIEW OF ACTIVITIES AND ACHIEVEMENTS** In the year to 31 March 2023 G.A.V. delivered sessions in 185 schools (year to 31 March 2022 (‘FY22’) 321) to c.15,000 students (c. 30,000 in FY20). Over this period, G.A.V. has continued with its focus on delivery throughout London, diversified the audience it engages with and continued to improve its financial stability whilst navigating challenges with accessing funding from local authorities. As at the financial year end, G.A.V. have worked and continue to work in primary and secondary schools, including delivery in a number of PRUs. G.A.V. has also invested resources into its curriculum to stay appropriate to the target audience. As well as the ongoing support of its key partners, the financial reserves and liquidity held by the charity have allowed the charity to withstand the financial pressures of COVID-19 and the ongoing macroeconomic challenges which are impacting local authority spending budgets. In FY15, G.A.V. signed a Memorandum of Understanding with Middlesex University which continues to ensure that the G.A.V. programme is subject to ongoing peer review with an active focus on knowledge transfer and having a firm evidence base. This ongoing partnership allows G.A.V. to ensure its curriculum is pertinent and effective. G.A.V. has continued to secure funding for delivery at a time of austerity within the Public Sector. This is reflective of the high regard in which G.A.V. is held by its ongoing supportive partners. ## **PLANS FOR FUTURE PERIODS** G.A.V. will continue to expand delivery of its preventative education sessions to more London boroughs and continues to evaluate potential opportunities outside of London. G.A.V. is also actively looking to expand its curriculum offering by developing further public health and public safety focused sessions covering violence and crime themes not currently covered within the existing curriculum – for example in developing sessions around prevention of recruitment of young people into extremism. G.A.V. continues to offer sessions directly to Schools willing to pay for delivery. Strict parameters will ensure that Safeguarding support is effectively managed in case of disclosures from students. Similarly G.A.V. will continue to look to increase its collaboration with a number of national charities to maximise efficiency and achieve the charitable objects identified. The Trustees also continue to evaluate opportunities to improve its unrestricted income from donations to allow the charity to further invest in its operations to allow for future growth. Page **5** of **16** **TRUSTEES REPORT For the year ended 31 March 2023** ## **_____________________________________________________________________** ## **PUBLIC BENEFIT STATEMENT** The Directors/trustees of Growing Against Violence have considered the requirements which are explained on the Charity Commission website. The sections of this report above entitled 'Aims and Objectives'; 'Review of Activities and Achievements'; and 'Plans for Future Periods' set out Growing Against Violence's objectives and reports on the activity and successes in the year ended 31 March 2023 as well as explaining the plans for the current financial year. Growing Against Violence’s work benefits a wide range of individuals across the United Kingdom. The Directors have considered this matter and have concluded: - That the aims of the organisation continue to be charitable; - That the aims and the work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need; - That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay; and - That there is no detriment or harm arising from the aims or activities. ## **FINANCIAL REVIEW** ## **Financial review of the period** During the financial year, funds were raised from local authorities, government grants and voluntary donations. The statement of financial activities shows total income of £107,240 (2022 £141,039) and total expenses of £89,553 (2022 £132,875). The fund balance at the end of the period was £155,085 (2022 £137,398). Of this amount the restricted funds were nil (2022 £nil). Whilst the charity’s revenues have declined year on year (with limitations on accessing new local authority funding), the charity has managed its cost base closely. The charity remains in a strong position financially. Of the cash balance at 31 March 2023 (£168,293), c. £7,000 of this cash relates to funds received in advance of the delivery of educational sessions. Whilst the cash has been received, the associated revenue and costs will be recognised when sessions are delivered and the associated costs are incurred. ## **Reserves policy** G.A.V.'s reserves policy is to maintain a sufficient level of reserves to enable operating activities to be wound down in an orderly manner in circumstances, taking account of potential risks and contingencies, that may arise from time to time. The current policy is to maintain reserves to cover three months of operating expenditure not covered by any specific secured grants or donations. The total current reserves (at the time of writing this report) are in line with this policy. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Growing Against Violence is a company limited by guarantee, incorporated on 9 September 2014 and registered as a charity on 28 September 2014. The company is governed by its Memorandum and Articles of Association which were last updated by a Special Resolution dated 29 July 2015. In the event of the company being wound up members are required to contribute an amount not exceeding £10. Page **6** of **16** **TRUSTEES REPORT For the year ended 31 March 2023** **_____________________________________________________________________** ## **Appointment of trustees** The existing trustees are responsible for the recruitment of new trustees. Any person who is willing to act as a trustee, and who would not be disqualified from acting under the Articles of Association, can be nominated by a trustee and appointed by a decision of the trustees. Under the requirements of the Memorandum and Articles of Association the trustees serve for a period of three years, after which they must be re-elected at the next Annual Retirement Meeting. There shall be no fewer than two trustees. All trustees give their time voluntarily and receive no benefits from the charity. ## **Trustee induction and training** All trustees receive a full induction upon being appointed. The induction is a comprehensive overview of the work of Growing Against Violence, and includes an introduction to the organisation's strategic direction, financial procedures and budget for the current financial year together with meetings with the Chair, other trustees and the CEO. Trustees are also encouraged to observe the delivery of G.A.V. sessions and to meet facilitators, and to attend relevant courses and seminars during the year as appropriate. ## **Organisational structure** The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are responsible for the management of the charity’s business. The trustees meet at least quarterly and are responsible for the strategic direction and policy of the charity. At present there are nine trustees (including Chair and Company Secretary) from a variety of professional backgrounds relevant to the work of the charity. The trustees delegate day to day management of the charity to an Interim Chief Executive. The Interim Chief Executive is responsible for ensuring that the charity delivers the services specified. To facilitate effective operations, the Interim Chief Executive has designated authority, within terms of delegation approved by the trustees, for matters including finance, operations and safeguarding. ## **Related parties** As the G.A.V. programme has grown it has become ever more rigorous in its theoretical foundations and practical materials, and the charity has developed a broad-reaching Memorandum of Understanding with Middlesex University. The curriculum has been robustly evaluated by the University, with individual sessions subject to academic peer review and the curriculum as a whole subject to an outcome based longitudinal study. ## **Risk management** The trustees have conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are managed with procedures for authorisation of all transactions and projects. Page **7** of **16** TRL.sfEFS RFYORT Forthe )Yar ended 31 Mvch 2023 srAITJIEKfoF TrusfELS R￿pONSIBIlI17￿ The cbarity (WI￿*re alx> the dirtr￿[S ofGro*ingA8aiDsI VM)len¢e for thE tWWk5u ofwmpany I￿lIc41￿e ]•w awj UDital KEngloDi G￿￿111yAl￿￿ed AL*xDting Prdrti(e mtmny and the l•w applKablt to c￿￿￿tieS in Fthgl•rMI and Waks re4uirts the ¢harity trustces to prerAre finamial tsteuThts for each fin￿la] wthitb gi%E a trnt and fair of the stste of affairs of ihe tharitable and of the in¢omin8 rtsourtes and applI￿tiaTI o( resoumy, intluding the are requirnl to uheThY the n￿￿(ma$ and principk% in the (*aritv SORP 2005., make judgn*ntsand estima￿£ that rewnableand ptudent.. slute whetkn appli¢dblt accullntitig 5tandar(Ls ha￿ lollowed. subittt to any dP￿rt￿￿ di￿l￿￿1 arnj wLi]r￿d in the finaneiaj ststemeDI8: and prelbare th¢. financial 8taiements tsn 8oiogeonthm basis tthleA8 it ig inappropriatetopresume thal charity wiuujntinue in 'IThe are re#wpDBQAe for keeping protw •wwntitt8 w1￿h discI(x ￿th rE4wnable Lrurnry Al lime thc financia] ￿llIOn ofthe d￿rity and to ¢nable them i(>rn%ure ihat the fiMndal tatements comply ihc Lharitrs Act 2011, the Lllarity lAtu￿￿ts aryd Rcw)rtsl Regulation5 2ry)8. Thry areakn resrx¥nBli )le forsafeyardin% the as4etsof ihecharity and hentt fort•knn8 rnstsNble st for thv pr￿￿ntion ul fraud and other irre&ulariiies. MAJJ. (￿mPANAps SPF￿￿. PROVISION Art 8pplieable lo wmpanies subied to ihe small wmrAnie8 rE8ime. It apprO￿J, aDd aulknri￿ forhw by the signed on thciri￿fby'. (*air and Thwtee tknie 20 lknthber 2023 Page 8 of 16 **INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES For the year ended 31 March 2023** ## **___________________________________________________________________** ## **INDEPENDENT EXAMINERS' REPORT TO THE TRUSTEES** We report on the financial statements of the charity on pages 11 to 16 for the year ended 31 March 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102 (effective January 2015) adapted to meet the needs of unincorporated organisations, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales, effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 13. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of Growing Against Violence for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this financial period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied ourselves that the company is not subject to audit under company law and is eligible for independent examination, it is our responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to our attention. ## **Basis of independent examiner's report** Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with our examination, no matter has come to our attention: - (1) which gives us reasonable cause to believe that in any material respect the requirements: - to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and The Charities Act 2011 and; - to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or Page **9** of **16** INDEPENDENf EXAMINERS. REPORT TO THE TRUSTEFS For the year ended 31 March 2023 have not been met" or [2) to which, in our OPTnion, attention should be drawn in order to enable a proper undetstanding of the accounts to be reached. L & F-Accounting tsd 18 StoneleÈgh Broadway, Stoneleigh, Epsom, Surrey KTi7 2HU Dated.. 20 December 2023 Page io of 16 ## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2023** **______________________________________________________________________** ## **STATEMENT OF FINANCIAL ACTIVITIES – YEAR TO 31 MARCH 2023** |**Notes**
**INCOME**
Grant and donation income
**2**
Investment income
TOTAL INCOME
**EXPENSES**
Fundraising costs
**3**
Charitable activities
**3**
TOTAL EXPENSES
Net income/expense
Transfer between funds
**7**
**RECONCILIATION OF FUNDS**
Total funds brought forward
Total funds carried forward|Unrestricted
Restricted
**Total**
**2023**
**Total**
**2022**
Funds
Funds
**Funds**
**Funds**
£
£
**£**
**£**
286
106,954
107,240
**141,039**
0
0
**0**
**0**| |---|---| ||286
106,954
**107,240**
**141,039**
-943
0
**-943**
**-216**
-52,360
-36,250
**-88,610**
**-132,659**| ||-53,303
-36,250
**-89,553**
**-132,875**| ||| ||53,017
-70,704
**17,687**
**8,164**| ||| ||70,704
-70,704
**0**
**0**| ||| ||137,398
0
**137,398**
**129,234**| ||155,085
0
**155,085**
**137,398**| The net movement in funds referred to above is the net incoming resources as defined in the SORP 2015 and is reconciled to the total funds as shown in the Balance Sheet on page 12 as required by the SORP 2015. All activities derive from continuing operations. Page **11** of **16** RAiANCF. SIIFEr As at 31 Mareh 2023 Totsl Tthl Funds Marrh Cash atb*Dk •fyJ in harAI 185A65 A99aTJ iT4.901 L7tditoTh'. A￿￿nts f*llin8due ofit￿r NETcURREKfA&S￿lIuAB]LfflFts) (17.816) .085 (61.975) 137a98 Ls&o85 Wa98 Unrtstrirtal funds 085 Wa98 08s A37a98 The nole8 On Paw Li to 16 fonn iniey81 ofth¢*e •emits The In￿te￿5 are satisfied that f0rthe)yAre￿d on 31 Marth 2023 the than￿ble¢￿[D￿n>. entiiled to eXernpt￿n frDm the requiren*nt to obtsin an audii under5Lrlion 477 of the thmpAnies Aet 2(K)b and that nu them￿rOr hJ%Y Yryuired the cornpao). tool*•in •D ¥￿111 of its actollnts forthe finaocial in qUL*tion in attYknlat)Lr see￿1￿4760f the Act. in I￿)rdanCE Mith section u5 of the Charilits Acl 2011. ihe ¥mxtDts h•itt*Ett eumined lryan Inde￿ndthI Examit)er wknse rewbrt apwars on wes 9and io. The haiT bLYn PtrPTed in aLyon1w￿Wlth the prniisions ID Parf ￿ ofthe Companie5Act 2006 applicable to Lvmpanies subittt to the small LM)M￿nieS rry1D￿ aNI io *xy)tdaDce withthe Tr￿￿￿141 Rcw>rtill8 StaTKlard for SDMtler bmtities (eff¢￿11rApril 2008). Trw¥tee and CTrair Page 120f 16 **NOTES TO THE ACCOUNTS For the year ended 31 March 2023** ## **______________________________________________________________________** ## **NOTES TO THE ACCOUNTS** ## **1) ACCOUNTING POLICIES** The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 (effective January 2015)) and 'The FRS102 Statement of Recommended Accounting Practice 2015', (The SORP 2015), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP 2015 in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement. The particular accounting policies adopted are set out below. ## a) **Accounting Convention** The financial statements are prepared on a going concern basis, under the historical cost convention. The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid. ## b) **Income** Income represents donation income or fee income derived from the provision of educational sessions. Donation income is recognized on receipt of funds. Income from educational sessions is recognized on delivery / provision of services. Where cash is received in advance of session being delivered, the amount is deferred and recognized as revenue on delivery. Similarly, where sessions are delivered in advance of funds being received (but a contractual arrangement exists), revenue is accrued for on delivery. ## c) **Charitable expenditure** Charitable expenditure includes all expenditure directly related to the objectives of the charity. This includes support costs, which are the staffing and associated costs of supporting, monitoring and evaluating the work of the charity. ## d) **Governance Costs** These include the costs related to the general running of the charity as opposed to the direct management function associated with generating funds, service delivery and programme or project work. ## **e) Taxation** No taxation has been provided for in the Financial Statements. As a Registered Charity, the income of the charity is exempt under Section 505 of the Income and Corporation Taxes Act 1988. Irrecoverable VAT has been charged to the relevant expenditure headings. ## f) **Fund accounting** The charity maintains the following funds: Page **13** of **16** ## **NOTES TO THE ACCOUNTS For the year ended 31 March 2023** ## **______________________________________________________________________** ## **Unrestricted Funds** These represent funds which are expendable at the discretion of the Trustees in furtherance of the objectives of the charity. Such funds may be held in order to finance both working capital and capital investment. ## **Restricted Funds** The charity's restricted funds represent grants or donations which are allocated by the donor for specific purposes. In agreement with the various local authorities and funding partners, sessions are delivered at a fixed cost per session. This is intended to cover the charity overheads (detailed below). As such, when sessions are delivered the associated revenue and cash is freely available for use and therefore considered unrestricted. As delivery occurs, this therefore leads to the transfer of income from the restricted funds to the unrestricted funds each year. ## **2) GRANT AND DONATION INCOME** Revenue recognized in line with accounting policies set out previously. In accordance with specific conditions of donations we are pleased to acknowledge the generous support of all of the donors. ## **3) EXPENDITURE ANALYSIS** ||||**Year to 31**||| |---|---|---|---|---|---| ||||**March 2023**||| ||Unrestricted|Restricted|**Total**|**2022 Total**|| ||£|£|**£**|**£**|| |**Fundraising expenditure**|||||| |Marketing material|727|0|**727**|**0**|| |Fundraising fee|216|0|216|**216**|| |**TOTAL FUNDRAISING**|**943**|**943**|**943**|**216**|| |**EXPENDITURE**|||||| ||||**Year to 31**||| ||||**March 2023**|**Year to 31**|| |**Charitable Activities**|**Unrestricted**|**Restricted**|**Total**|**March 2022**|| ||£|£|**£**||**£**| |**Programme activities**|||||| |Direct Delivery costs|0|36,250|**36,250**|**64,720**|| |Delivery support costs and|47,267|0|**47,267**|**50,390**|| |safeguarding costs|||||| |Curriculum development|0|0|**0**|**8,500**|| |Training & development|0|0|**0**|**2,709**|| |**Total programme activities**|**47,267**|**36,250**|**83,517**|**126,319**|| |**expenses**|||||| |**Programme support**|||||| |Insurance|865|0|**865**||**867**| |Office supplies|104|0|**104**|**1,729**|| |DBS Check|328|0|**328**||**260**| |Telephone and postage|1,617|0|**1,617**|**1,488**|| |Accountancy & legal services|500|0|**500**||**461**| |||||Page**14**of|**16**| ## **NOTES TO THE ACCOUNTS For the year ended 31 March 2023** |**________________________________________**

Other costs
929
**Total** **Programme support**
**expenses**
**4,343**
**Governance costs**
Independent Examination
750
**Total Governance costs**
**750**
**TOTAL CHARITABLE**
**ACTIVITIES**
**52,360**|**___________**
0
0
0
**0**
**36,250**|**___________________**
**929**
**785**
**4,343**
**5,590**
750
750
**750**
**750**
**88,610**
**132,659**| |---|---|---| The above table, shows the total fundraising expenditure and total charitable activities expenditure for the financial period. ## **4) TRUSTEE REMUNERATION** Trustees received no remuneration during the financial period. No trustees received any payments for professional services during the financial period. ## **5) DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Accrued income
TOTAL DEBTORS|**Total at**
**Total at**
**31 March**
**2023**
**31 March**
**2022**
**£**
**£**
3,978
13,908| |---|---| ||**3,978**
**13,908**| ## **6) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Deferred income
Accruals
TOTAL CREDITORS|**Total at**
**Total at**
**31 March**
**2023**
**31 March**
**2022**
**£**
**£**
7,000
43,560
10,816
18,415| |---|---| ||**17,816**
**61,975**| Deferred income amounts relate to amounts paid in advance for educational sessions that had not been delivered at the financial year end. ## **7) FUND ANALYSIS** The table below sets out the movement in the unrestricted and restricted funds during the year to 31 March 2023. Page **15** of **16** ## **NOTES TO THE ACCOUNTS For the year ended 31 March 2023** **______________________________________________________________________** ||**Opening at**
**31-Mar-22**
**Revenue**
**Expenses**
**T ransfer**
**between**
**funds**
**Balance as**
**at 31-Mar-**
**22**| |---|---| |Total restricted funds
Total unrestricted funds
**T otal funds**|-
106,954
(36,250)
(7 0,7 04)
-
137 ,398
286
(53,303)
7 0,7 04
155,085| ||**137,398**
**107,240**
**(89,553)**
**-**
**155,085**| Transfers between funds arise where; - All service delivery and contractual criteria have been met and there is a surplus on the fund (based on the overhead apportionment) leading to a transfer from restricted to unrestricted funds. - - There has been over-delivery (compared to the contractual amount) and / or additional costs incurred which are not expected to be recovered, this leads to a transfer from unrestricted funds to restricted funds. - Any residual surplus / deficits are to be offset against income / expenditure in coming years. Page **16** of **16**