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← Crosby Together

2024-03-31-accounts

Charity registration number 1168932

CROSBY TOGETHER

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

CROSBY TOGETHER

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr M Whitehouse
S Whitehouse
A Cook
J Tong
P Gravel
Ms E Young (Appointed 31 May 2023)
Rev J Camm (Appointed 30 July 2024)
Charity number 1168932
Principal address Crosby One Centre
Digby Street
Scunthorpe
DH15 7LU
Independent examiner TC Group
20 Commerce Road
Lynch Wood
Peterborough
Cambridgeshire
England
PE2 6LR

CROSBY TOGETHER

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 18

FOR THE YEAR ENDED 31 MARCH 2024

CROSBY TOGETHER

TRUSTEES' REPORT

The trustees present their annual report and financial statements for the year ended 31 March 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 governing document, 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

The charity's primary purpose is to further or benefit the residents of North Lincolnshire and in particular the Crosby area of Scunthorpe. Connecting residents, local authorities, voluntary and other organisations in an effort to advance education and to provide facilities in the interests of social welfare and life improvement. The charity operates a community centre and runs centre activities and there has been no change in these during the year.

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

Achievements and performance

Each year, we strive to serve the local community of Crosby while also benefitting residents across North Lincolnshire. Our primary focus remains on making a positive and lasting impact on the lives of those in Crosby, a community recognised as one of the most ethnically diverse and economically deprived in the greater Lincolnshire area.

ESOL and Community Engagement Initiatives

One of our standout successes has been the work of our ESOL (English for Speakers of Other Languages) Lead, who funded by the Department of Educations Multiply Initiative funded by the local authority has creatively developed ways to engage individuals from diverse backgrounds. Many of these individuals might otherwise face barriers to accessing traditional ESOL programs.

Additionally, the Multiply initiative has enabled us to deliver financial literacy courses to help people from all walks of life better understand and manage their finances. This Fearless Finance Course has received great feedback from all who have attended. These efforts not only empower individuals but also strengthen the broader community.

Toward the end of the year we were awarded a grant for 2024/25 which will enable us to work with the local authority's Refugee Support Schemes, offering ESOL and other forms of engagement to assist newcomers (both refugees and asylum seekers) integrating into the community and also enabling us to work more collaboratively with other organisations operating in similar spaces.

CROSBY TOGETHER

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Building a Trusted Community Space

The range of groups using the Centre continues to grow,

reinforcing its role as a trusted and safe space for the Crosby community. Regular bookings from various groups provide a valuable boost to our financial stability.

Our Family Nights and Fresh Food programs remain highly popular and appreciated by the community, further cementing the Centre as a hub for support and connection.

The Amnesty Project, particularly our work with the East Timor community, has garnered significant recognition. The East Timor Ambassador acknowledged our efforts, and our Manager and Community Development Facilitator received an award for successfully bridging divides within this community.

Being a trauma-informed space is an important part of who we are as a Centre given the trauma that affects so many of our local community. Both the Connect Foundation (a local charity who we often work with) and ourselves were pleased to be awarded significant grants via Community Vision to deliver Trauma Informed Care Training for our staff and volunteers, as well as the wider community.

The training was delivered by a newly formed local business

Metanoia Training and Consultancy Ltd and reached in excess of sixty people from around twenty different organisations.

Being able to host this event at our Centre was a huge privilege and the large footfall of people who did not know about our building and offer previously has been helpful in developing relationships and increasing rental bookings.

Infrastructure Improvements

We are committed to maintaining and enhancing our facilities. By the summer of 2024, we aim to complete the replacement of doors and windows, having secured most of the required funding.

Recent upgrades include:

Financial Stewardship and Trustee Support

The Trustees are acutely aware of the financial challenges we face, particularly given the current economic climate. We are committed to securing the funding necessary to sustain and expand the Centre’s vital work.

CROSBY TOGETHER

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Financial review

The Trustees are pleased to report a significant improvements in our financial position this year and we continue to seek further opportunities to serve our community. In the longer term we are considering how we can meet the significant needs of our local area.

It 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 between three and 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.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a CIO which was registered on 26 August 2016.

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

Ms F Kirby-Smith (Resigned 31 March 2024) Mr M Whitehouse S Whitehouse A Cook J Tong P Gravel Ms E Young (Appointed 31 May 2023) Rev J Camm (Appointed 30 July 2024)

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

Mr M Whitehouse

Trustee Dated: 2 December 2024

CROSBY TOGETHER

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CROSBY TOGETHER

I report to the trustees on my examination of the financial statements of Crosby Together (the charity) for the year ended 31 March 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 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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

Marie Craig FCCA TC Group

20 Commerce Road Lynch Wood Peterborough Cambridgeshire PE2 6LR England

Dated: 9 December 2024

CROSBY TOGETHER

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
1,145
70,904
Charitable activities
4
43,824
4,779
Other trading activities
5
231
-
Investments
6
695
-
Total income
45,895
75,683
Expenditure on:
Raising funds
7
1,280
-
Charitable activities
8
66,876
69,540
Other expenditure
-
-
Total expenditure
68,156
69,540
Net income/(expenditure) and
movement in funds
(22,261)
6,143
Reconciliation of funds:
Fund balances at 1 April 2023
327,486
45,169
Fund balances at 31 March
2024
305,225
51,312		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
72,049
921
146,755
48,603
38,110
4,092
231
-
-
695
252
-
121,578
39,283
150,847
1,280
-
-
136,416
35,735
200,739
-
257
-
137,696
35,992
200,739
(16,118)
3,291
(49,892)
372,655
324,195
95,061
356,537
327,486
45,169		 Total
2023
£
147,676
42,202
-
252
190,130
-
236,474
257
236,731
(46,601)
419,256
372,655

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CROSBY TOGETHER

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Restricted income funds
17
Unrestricted funds		 2024
£
31,421
49,974
81,395
(16,879)		 £
292,021
64,516
356,537
356,537
51,312
305,225
356,537		 2023
£
8,297
56,425
64,722
(2,496)		 £
310,429
62,226
372,655
372,655
45,169
327,486
372,655

The financial statements were approved by the trustees on 2 December 2024

Mr M Whitehouse Trustee

FOR THE YEAR ENDED 31 MARCH 2024

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

Charity information

The charity is a CIO which was registered on 26 August 2016.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, 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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 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 Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

FOR THE YEAR ENDED 31 MARCH 2024

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 attributable 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 with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 attributable 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 with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Plant and equipment 20% reducing balance Fixtures and fittings 10% straight line Computers 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings 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 Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
1,145
-
Grant income
-
70,904
1,145
70,904		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
1,145
921
4,000
70,904
-
142,755
72,049
921
146,755		 Total
2023
£
4,921
142,755
147,676

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Grants receivable for core activities
Winerton
-
2,100
Multiply
-
29,505
North Lincs Council -
Crosby Transformations
-
-
Warm Spaces
-
-
The Seven Stars
Foundation
-
713
Toilet project
-
21,871
Refugee Grant
-
9,965
John Warren
-
1,750
VANL
-
5,000
-
70,904
4
Income from charitable activities
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Community education & facilities
Rental income for
education, wellbeing and
faith
41,631
4,779
Coffee machine
2,193
-
43,824
4,779		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
(Continued)
2,100
-
-
-
29,505
-
15,390
15,390
-
-
126,865
126,865
-
-
500
500
713
-
-
-
21,871
-
-
-
9,965
-
-
-
1,750
-
-
-
5,000
-
-
-
70,904
-
142,755
142,755
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
46,410
36,945
4,092
41,037
2,193
1,165
-
1,165
48,603
38,110
4,092
42,202		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
(Continued)
2,100
-
-
-
29,505
-
15,390
15,390
-
-
126,865
126,865
-
-
500
500
713
-
-
-
21,871
-
-
-
9,965
-
-
-
1,750
-
-
-
5,000
-
-
-
70,904
-
142,755
142,755
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
46,410
36,945
4,092
41,037
2,193
1,165
-
1,165
48,603
38,110
4,092
42,202
142,755
Total
2023
£
41,037
1,165
42,202

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising events 231 -
6 Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 695 252
7 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Other fundraising costs 1,280 -

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Expenditure on charitable activities

Community Community
education & education &
facilities facilities
2024 2023
£ £
Direct costs
Staff costs 50,776 76,676
Depreciation and impairment 18,408 15,135
Events and cafe costs 8,431 3,988
Charitable expenditure heading 2 5,096 114,019
82,711 209,818
Share of support and governance costs (see note 9)
Support 49,180 23,507
Governance 4,525 3,149
136,416 236,474
Analysis by fund
Unrestricted funds 66,876 35,735
Restricted funds 69,540 200,739
136,416 236,474
9 Support costs allocated to activities
2024 2023
£ £
Repairs 30,616 1,317
Utilities 8,797 12,958
Insurance 2,270 2,068
Cleaning 3,846 3,212
Telephone & IT 1,380 1,642
Other admin costs 2,271 2,310
Governance costs 4,525 3,149
53,705 26,656
Analysed between:
Community education & facilities 53,705 26,656

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

10 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets 18,408 15,135
Loss on disposal of tangible fixed assets - 257

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

12 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
3 5
Employment costs 2024 2023
£ £
Wages and salaries 50,776 76,676

There were no employees whose annual remuneration was more than £60,000.

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 April 2023
260,000
At 31 March 2024
260,000
Depreciation and impairment
At 1 April 2023
15,290
Depreciation charged in the year
4,894
At 31 March 2024
20,184
Carrying amount
At 31 March 2024
239,816
At 31 March 2023
244,710		 Plant and
equipment
Fixtures and
fittings
£
£
41,752
35,452
41,752
35,452
6,999
10,295
6,951
3,490
13,950
13,785
27,802
21,667
34,753
25,157		 Computers
£
9,217
9,217
3,408
3,073
6,481
2,736
5,809		 Total
£
346,421
346,421
35,992
18,408
54,400
292,021
310,429

The property has been valued by Grice & Hunter Chartered Surveyors.

15 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 2024
£
7,358
24,063
31,421
2024
£
371
14,014
2,494
16,879		 2023
£
2,785
5,512
8,297
2023
£
816
860
820
2,496

16 Creditors: amounts falling due within one year

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Toilet Project - 21,871 (21,871) - -
Fresh Food project 4,857 1,868 (990) - 5,735
Family nights - 2,855 (1,295) - 1,560
Multiply - 29,505 (29,505) - -
Canpack donation 4,000 - - - 4,000
Warm spaces 508 56 (564) - -
Winerton - 2,100 - - 2,100
The Seven Stars Foundation - 713 - - 713
VANL - 5,000 (5,000) - -
John Warren - 1,750 - - 1,750
Refugee project - 9,965 - - 9,965
Restricted fixed asset fund 35,804 - (10,315) - 25,489
45,169 75,683 (69,540) - 51,312
Previous year: At 1 April 2022 Incoming Resources Transfers At 31 March
resources expended 2023
£ £ £ £ £
Crosby Transformations 91,417 126,865 (182,476) (35,806) -
Fresh Food project 3,378 2,746 (1,267) - 4,857
Family nights 266 1,275 (1,541) - -
Multiply - 15,390 (15,390) - -
Canpack donation - 4,000 - - 4,000
Warm spaces - 571 (65) - 506
Restricted fixed asset fund - - - 35,806 35,806
95,061 150,847 (200,739) - 45,169

FOR THE YEAR ENDED 31 MARCH 2024

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023 Incoming Resources At 31 March
resources expended 2024
£ £ £ £
General funds 327,486 45,895 (68,156) 305,225
Previous year: At 1 April 2022 Incoming Resources At 31 March
resources expended 2023
£ £ £ £
General funds 324,195 39,283 (35,992) 327,486
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 266,532 25,489 292,021
Current assets/(liabilities) 38,693 25,823 64,516
305,225 51,312 356,537
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 March 2023:
Tangible assets 274,623 35,806 310,429
Current assets/(liabilities) 52,863 9,363 62,226
327,486 45,169 372,655

19 Analysis of net assets between funds

20 Related party transactions

CROSBY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

20 Related party transactions

(Continued)

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

During the year remuneration of £22,464 has been paid to P Kirby-Smith who is a related party to F KirbySmith, a trustee.

The charity received a grant of £5,000 from Community Vision during the year which was spent on trauma training provided by a company in which F Kirby-Smith is a director.