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← Basingstoke Wolverines Allstar Cheerleading

2024-07-31-accounts

Charity registration number 1167991 (England and Wales)

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees SP Gibson S Cathers Mr P Connor (Appointed 13April 2025) Charity number (England and Wales) 1167991 Principal address Unit E Daneshill Central Armstrong Road Basingstoke RG24 8NU Independent examiner Frances Wilde FCCA DChA Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Bankers Metro Bank 1 Southampton Row London WC1B 5HA

Independent examiner

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING

CONTENTS

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Trustees' report 1 [- ] 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 14
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BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING

TRUSTEES'REPORT FOR THE YEAR ENDED 31 JULY 2024

The trustees present their annual report and financial statements for the year ended 31 July 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Public benefit

To provide facilities for the recreation and leisure time occupation for young people under the age of 25 in the interest of social welfare. The provision of training and performing in cheerleading activities so as to develop physical and mental capacities that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

The 23/24 season saw the changes to the coaching staff as our previous Head Coach stepped away from the club. The existing coaching team is now lead by Chloe Gibson and the changes made are a very positive move for the Club.

After very successful tryouts in July 23, the club had 15 teams for the 23/24 season with approximately 200 athletes, covering prep and all star. The development teams still tend to start with lower numbers as we often recruit some of them up to all star teams at the beginning of the season. We continue to fund low income families for the competition uniforms and entry fees. The club has a budget of £4500 set aside for this each year. We do make our existing and new athletes aware of this and funding and to approach our bookkeeper to be considered. This continues to be reviewed on a case by case basis if the funding doesn't meet the required need. This is an important part of being a charity and we want to support as many athletes as we can to stay in the sport they love. Our coaching and program team strive to create an environment in the club that considers all the needs of the athletes, not just the skills needed for Cheer. Mental health support is always at the forefront of all we do, a supportive and safe environment for our members to be in is crucial to this.

Throughout training the coaches ensure that athletes are recognised as individuals and as a team, not just for cheer related achievements but for all aspects of their development. There are team captains voted for my the teams, this helps with the bonding that the teams have.

During the 22/23 season the club secured bids to Worlds and Summit They were able to recruit existing and new athletes for 2 travel teams to go to America in 2024 and compete. Fund raising takes place through the season to try and reduce the costs to the athletes, training camps, fun days, training with the teams etc.

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

Gen-X 24 is the showcase for the all the teams, held in January in a local school. This is the first big event of the season and an opportunity for many friends and family to see the teams perform. The athletes gel to stunt, tumble and show their routines ahead of the first competitions in February. The athletes love the showcase! II is also a fund raising event for the travel teams.

First competition of the season was BCA Super Classic which saw our prep and travel teams competing. Great Start for club this year, achieving 3 x 2°' places, 1 x 3'' place, 1 x excellent and 1 x outstanding. Well done teams!

February saw 4 of our prep teams attend Legacy at the Copperbox arena, amazing performances and results! It's great to see all the athletes having so much fun on the competition floor! The achieved excellent, superior, 4th and 3rd_

Later in February all of the allstar teams, nine in total including the travel teams, went to ICC Southern competition, this is one of the more local comps for us which makes ii great for family and friends to be able to spectate. This is the first comp of the season for many of the all star teams so nerves and excitement are always running high! We had 4 x 1st place, 2 x 2°' place, a 3'', 4th and 5th place. They all then show true dedication and compete again in March with the ICC Nationals competition.

April is the time for Worlds and Summit. Lady X and Weapon X make the trip to America, they have training sessions booked at some of the most prestigious gyms in Florida and also some down time planned for after the competition at the theme parks, shopping and a banquet to celebrate in the villa. The coaches and chaperones work hard to ensure ii is the trip of a lifetime for the athletes. The divisions are very large and extremely competitive. Lady X placed 14th out of 25 and Weapon x came 4th out of 38 teams

The girls come back from America and are straight into a UK competition! And secure another worlds bid for 2025! Well done girls, truly amazing. The ICC Summer Jam competition in June saw the teams secure bids to the nfinity finals in the USA 2025 plus 5 x 1 st place, 2 x 2°' and 2 x 3''·

The Battle of the Champion competitions run by the ICC in June sees the winners across ICC comps earlier in the season compete against each other again. WCA took 13 teams to BOC and the British opens. They won an st impressive 3 x 1 , 5 x 2nd 4 bids to the nfinity finals and a SUMMIT bid again!

The season closed on such a positive, the coaches and program team have worked so hard to make it a success and the athletes have truly shined.

Financial review

The income of the charity was £402,760 (2023: £336.362) and the expenditure was £394,218 (2023: £332,532) with a net movement of £8,542 (2023: £3830). The total funds for the year were £62,871 (£54,329) which is made up of unrestricted funds of £62,313 (2023: £53,585) and restricted funds of £558 (2023: £744).

Reserves policy

Al the year end, the charity held reserves of £62,871 (2023: £54,329). II is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to approximately six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The charity is a Charitable Incorporated Organisation.

The trustees who served during the year and up to the date of signature of the financial statements were: SP Gibson

S Cathers

V McKay

Mr P Connor

(Appointed 1 December 2023 and resigned 12 September 2024)

(Appointed 13 April 2025)

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

Recruitment and appointment of trustees

Existing Trustees recruit replacement trustees via the member facebook group, Basingstoke Voluntary Services and other professional networks.

Organisational structure

The day to day running of the charity is managed by the coaching team and the program manager.

Risk review

The trustees have considered any risks that the charity may face, including rent/rate increases, loss of athletes and changes to coaching team/support volunteers. We feel that all those involved with the Charity always put the preservation of the Charity at the forefront of any decisions that are made. We work closely with the bookkeeper regarding the financial position of the Charity and make changes to the financial forecast according to changes in income/expenditure on a monthly basis so that we all of a clear understanding of the Charity's financial position.

All of the coaching and support volunteers have undergone DBS checks and take part in online safeguarding training provided by the NSPCC. Our safeguarding policy follows current guidelines and is available to all our members. We have a structure in place for reporting concerns regarding athletes and have a safeguarding officer.

The trustees' report was approved by the Board of Trustees.

S Cathers

Trustee Date . . ............................................ . !LO I > I :)Qp,,;_

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BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING

I report to the trustees on my examination of the financial statements of Basingstoke Wolverines Allstar Cheerleading[(] the charity[) ] for the year ended 31 July 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 201 1.

I re[p] ort in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5[)] (b[) ] of the Charities Act 2011.

Independent examiner's statement

Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice a[p] plicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102[) ] in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Frances Wilde FCCA DChA

Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Date: .......................... .. 22 May 2025

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 Unrestrlcted Rastrictod funds funds 2024 2024 Total Unrestrlcled Restrlcted funds funds 2023 2023 Total 2024 2023 Notos Income from: Donations and legacies Charitsble activities 3,448 399,312 3,448 399,312 11,297 324,135 930 12,227 324,135 Total Income 402,760 402,760 335,432 930 336,382 Expenditure on: Charitable activlties 394,032 186 394,218 332,346 186 332,532 Total expendlturo 394,032 186 394,218 332,346 188 332,532 Net incomel(expenditure) and movement in funds 8,728 (186} 8,542 3,086 744 3,830 Reconclliatlon of funds: Fund balances at 1 August 2023 53,585 744 54,329 50,499 50,499 Fund balanc88 at 31 July 2024 62,313 558 82,871 53,585 744 54,329 The statement of financial acllvlties includes all gains and losses recognised in the year. All Income and expenditur8 deriva from continuing aclivities.

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING BALANCE SHEET ASAT31 JULY2024 2024 2023 Notes FIx6d assets Tangible assels 10 4,113 8.359 Current assets Dgbtors Cash at bank and in hand 11 21,390 57,324 8,110 58,171 78,714 66,281 Credltors. amounts falling due within one year 12 (19,956) (18,311} Net current ass6ts 58,758 47,970 Total assets less current liabllities 62,871 54.329 The funds of the Gharlty Restricted incom8 funds Unrestricted funds 558 62,313 744 53,585 14 62,871 54,329 Tha financial statemenls wére 8pprov8d by the trustees on S Cathers Trustee

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting pollcles Charity Informallon asingstok8 Wolverines Allstar Cheerleading is a CIO. 1.1 Accountlng conventlon The financial stsl@ments have been prepared in accordance with the charity's governing docurnent, the Charilies Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice £pplicable to charilies preparing their accounts in accordance with Ihe Financial Reportlng Standard applicable In Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The Gharily is a Public Benefit Entity as defin8d by FRS 102. The charity has taken advantage of the provisions in tho SORP for charities not to prepare a Statement of Cash Flows. The financial st8temenls have departed from the Charities (Accounts 8nd Rgports} Regulations 2008 only lo the extent required to provid8 8 true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Stsl8ment of Reoommanded Practice which is referred to in th8 Regulations but which has since been withdrawn, The financial statements are prepared in sterling, which is the functional currency of th8 charity. Monetary amounts in th&se financial statements are rounded lo the nearest £. The financi21 statements have been prepared under tho historical cost conv8ntion. [modified to include the revaluation of freehold prop8rt18s and to include investment properties and certain financial instwments at fair valuel. The principal accounling pollcles adopted are set out below. 1.2 Going concern At the time of approving the flnanclal statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for Ihe foreseeable future. Thus the trustees continue to adopt the going concem basis of accountlng In preparlng the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of thfj tNslees in furtherance of thelr chariti2ble objectives, Restrfcted fvnds are subj@ct to sp8ciflc condltlons by donors or grantors as to how they may be used. The purposos and uses of the reslricted funds are set out In the notes to the flnanclal statements. Endowment funds are subi'ect to speclfic conditions by donors that the capital must be maintsined by the charity. 1.4 Incom8 Income is recogni5ed when the charity Is legally entitlad to it after any parformance conditions have been met. thg amounts can be measured reliably. and il is probable that income wlll be recelved, Cash donations are recognised on receipt. Other donations are recognised once the charity has been notifiad of the donation, unless perfomiance conditions require deferral of Ihe amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacles are recognised on receipt or otherwise If the charity has bg8n notified of an imp8nding distribution, the amounl is known, and rec81Pt Is 8xp8Cted. If the 8mount is not known, the legacy Is treated as a contingant ass@t.

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Accountlng policies (Continued) 1,5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economlc beneflt to a thlrd party, St Is probable that a transfer of economic beneflts wlll be requlred In settlement, and the amount of the obligation can be measurgd raliably. Exp8nditur8 is classifi8d by activity. The costs of each activity arè madè up of the total of direcl costs and shared costs, including support costs involved in undertaking each activity. Direct costs attrlbutable to a slngle actlvlty are allocaled dlrectly lo that actlvlty. Shared costs whlch conlrlbute lo more than one activity and support costs which ar8 not altributable to a sing18 8clivity ar8 apportion8d b8lw88n those activities on a basi5 conslstent with the use of resources, Central staff costs are allocated on the basis of tlme spent, and depreciation charges ara allocat8d on tha portion oftha asset's usa. 1.6 Tangibl8 fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of depreciation and any Impairment losses. Depreciation Is recognised so as lo write off the cost or valuation of assets less their residual values over their useful liv@s on the following bases.. Fixtures and fittings 5 years straight line The galn or loss arlslng on the dlsposal of an asset Is determined as the diffarence betwa8n th8 sale procegds and lh8 carrying valu8 of the ass8t, and is r8cognis8d in th6 Stat@m8nt of financial activities, 1.7 Impalrment of flxed assets At each roporting ond date, the charty reviews the carying amounts of its tangible assets lo d8termine whether there is any indication that those assets have suffered an impaimienl loss. If any such indication exists, the recoverable amount of the asset Is estimated in order to determina the axtent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash eouivalents Include cash in hand. deposits held al call with banks, other short-term liquid inv@s1rn8nts with origin81 maturities of thr8e months or less, and bank overdrafts. Bank overdrafts are shown within bomwings in current liabilities, 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'other Finanoial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys balance sheet when the charity becomes party to the contractual provisions of tha instrumant. Financial assets and liabilities aro offset, with Ihe nel amounts presented in the financial statemants, wh&n there is a legally enforceable right to set off the recognised amounts and there 15 an intention lo settle on a net basis or to realise the asset and settle the Ilability slmultaneously. Basic financial assets Baslc flnancial assets, whlch Include debtors and cash and bank balances, are initlally measured at transaction prica including transaction costs and ar& subsequently carried at amortised cost using Ihe effectiva interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future recelpls dlscounted at a market rate of interast, Financial assets classified as rec8ivable within ona year are not amortised.

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Accountlng policles (Continued) Baslc flnancial liahilities Basic financial liabilities, including creditors 2nd bank loans are initially recognised at transactlon price unless the arrangement constitutes a financlng transaction, where the debt Snstrument is maasured at the present valu8 of the futura payments discounted at 2 markat rate of int8resl. Financial liabilities classified as payabl8 within one year are not amortlsed. D8bt instruments are subsequently carried al amortised cost, using the effective Interest rale method. Trade creditors ara obligations to pay for goods or s8rvic8s that hav8 b8&n acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities il payment Is due within one year or less. If not, they arg pr8santad as non-current liabilities. Trad@ cr8ditors are recognised initially at transaclion price and subsequently measured at amortised cost using the effective Interest method. Derecognltlon of flnanclal Ilabllltles Financial liabilili6s are derecognis8d wh8n the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employeg b8n8fils The cost of any unused holiday entitlement is recognised in the period in whlch the employeg's servic8s are r&c8ivsd. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the 8mploym8nt of an employee or to provide lerminalion benefits. Crltical a¢¢ountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, gstimat8S and assumptions about the carrying amount of assets and liabilities that are not r8adily apparenl from other sources. The estimates and associated assumptions are based on historical experien￿ and other factors that are considered to be relevant. Actual results may differ from these estimatas. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling estimates are recognised in the pariod in which the estimat8 is revised where the revision aff8cts only that period, or in the period of Iha revision and future periods where the revision affects both current and future periods. Income from donations and legacles Unrestrl¢ted Restrlcted funds funds 2024 2024 Total Unrestrictad Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 3,448 3,448 11,297 11,297 930 930 3,448 3,448 11,297 930 12,227

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Income from charitable activities Unrestrfcted Unrestricted funds funds 2024 2023 Charitabla a¢tlvltl8S Competition and registration fees Subscriptions and workshops Merchandis6 and Pro Shop Gym hira 177,168 185,02e 36,429 689 136,557 168,741 17,562 1.275 399,312 324.135 Expendlture on charllable actlvltlos Charitable acllvltles 2024 Charltable activities 2023 Direct costs Depreciation and impairment Compatitions and events Coach salarles and expenses Rent and hall hire Unifomi and merGhandis8 2,246 190,787 82,448 46.987 36,009 7,799 143,963 85,856 41,495 25,950 358,477 305,063 Share of support and gov8rnance costs Is66 note 6) Support Govemance 33,153 2,588 24,685 2,784 394,218 332,532 Analysis by fund Unrestricted funds Restrfcted funds 394,032 186 332,346 186 394,218 332,532 10-

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Support costs allocated to actlvltles 2024 2023 Accountancy Insurance Utllities Cleaning Office Costs Maintenance and small equlpment Misc8llan&ous Govemance costs 14,687 5.152 3,875 4,119 1,072 1,941 2,307 2,588 11,824 4,580 1,344 3,212 1,300 527 1,898 2,784 35,741 27,469 Analysed bebNeen: Charitable aclivitl8S 35,741 27,469 2024 2023 Gov8rnanc8 c08ts comprise: Ind8pendent examiners fee Bank charges 1,261 1,327 1,320 1,464 2,588 2,784 Net movement In funds 2024 2023 The net movement in funds is stated 8fter chargingl(creditingl: F8es payable for the independent examination of th8 charity's financial statements Depreciation of owned tangible fixed assets 1,261 2,246 1,320 7,799 Trustees None of the Irustees (or any persons connected with them) received any remuneration or benefts from the charity during the year. Taxation The charity is exempt from taxation on its 8divities because all its income is applied for charitable purposes. 11

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 10 Tanglble flxed assets Flxlutas and fittings Cost At 1 August 2023 46,385 Al 31 July 2024 46,385 Depre¢latlon and Impalrment At 1 August 2023 Depreciation charged in the year 40.026 2,246 At 31 July 2024 42,272 Carrylng amount At 31 July 2024 4,113 At 31 July 2023 6,359 11 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued incom8 7,506 13,884 (392) 8,502 21,390 8,110 12 Credltors: amounls falllng due wlthln one year 2024 2023 other taxation and soclal securtty Trade creditors other creditors Accruals and deferred income 8.266 3,399 7,D30 1,261 8,266 1,791 7,030 1,224 19,956 18.311 12-

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2024 13 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants h81d on trust subjeol to spgcific conditions by donors as to how Ihey may be used. At 1 August 2023 Incoming resources Resourcos expended At 31 July 2024 Four Lan8s Trust 744 11861 558 Previous year: At l August 2022 Incomlng resources Resources oxpendod At 31 July 2023 Four Lanes Trust 930 (186) 744 Four Lanes Trust.. Grant for the purchase of sprung floor edging. 14 Unrestricted funds The unrestricted lunds of th8 charity comprise the unexpended balances of donation5 and grants which are not subject to specific condilions by donors and grantors as to how they may be used. These include designalsd funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 August 2023 Incoming resources Resources expended At 31 July 2024 General funds 53,585 402,760 (394,032) 62,313 Previous year: At 1 Augusl 2022 Incomlng resources Resources expended At 31 July 2023 Genoral funds 50,499 335,432 {332,346) 53,585 15 Analysls of net assets betwean funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 July 2024: Tanglble assels Current assetsl(liabilities) 3,555 58,758 558 4,113 58,758 62.313 558 2,871 13-

BASINGSTOKE WOLVERINES ALLSTAR CHEERLEADING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 15 Analysis of net assels between funds (Contlnuedl Unrestrlcted funds 2023 Restricted funds 2023 Total 2023 At 31 July 2023: Tangible assels Current assetsl{liabilities) 5,615 47,970 744 6,359 47,970 53,585 744 54,329 16 Related party transactions There were no disclosable related party transactlons during the year (2023 - none). 14