Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
**Charity Registration Number 1170068 (England and Wales)**
## **AUTORAISE**
**Annual Report and Accounts**
**For The Year Ended 31 March 2024**
Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **CONTENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
||Page|
|---|---|
|Charity reference and administrative details|1|
|Chairman’s Report|2|
|Trustee’s Report|3|
|Independent Examiner’s Report to the Trustees of Autoraise|6|
|Statement of Financial Activites (incorporating the income and expenditure
account)|7|
|Balance Sheet|8|
|Notes to the accounts|9|
Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024**
|**Senior Management Team**||
|---|---|
|Chairman|David Sargeant|
|Vice Chairman|Steve Thompson|
|Treasurer|Marc Holding|
|**Trustee Board**||
|Chair|David Sargeant|
|Trustees|Marc Holding|
||Michael Golding|
||Steve Thompson|
||Guy Williams|
||Christopher Weeks|
||Dean Lander|
|**Charity Registration Number**|1170068|
|**Principal address**|Autoraise|
||Gillibrands Road|
||Skelmersdale|
||Lancashire|
||WN8 9TA|
|**Independent examiner**|N Mason FCA, DChA|
||MHA|
||Richard House|
||9 Winckley Square|
||Preston|
||PR1 3HP|
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
**CHAIRMAN’S REPORT**
## **AUTORAISE**
## **FOR THE YEAR ENDED 31 MARCH 2024**
On behalf of the Autoraise board of trustees, I am pleased to submit the annual report and examined financial statements for the 12-month period ending 31[st] March 2024.
This Financial year has seen the charity go from strength to strength, with the implementation of new plans and strategies built around adapting to the increasing pace of change in the automotive repair industry, and how Autoraise can ensure that it continues to lead the way in supporting repairers source apprentices.
The industry remains in a challenging position, with a long-term shortage of repair technicians, increasing complexities in repairs and financial pressures seeing continuing and notably high increases in pay and overheads.
The charity remains incredibly grateful and appreciative of the wide-ranging support it continues to receive from industry partners and stakeholders. There is a very real passion apparent within the industry to ensure that it is seen as a provider of strong, well paid careers and can meet the high expectations of customers.
I have been very pleased with the progress the charity has made this year and eager to unveil all of the exciting plans we have for the year ahead. As a charity and a Board of Trustees, we remain committed to promoting the importance of apprenticeships, and engaging positively and in partnership to ensure that the automotive repair industry can continue to meet the challenges ahead.
January 30, 2025
Approved by the Chairman and signed on behalf of the Board on ....................................
..........................
## **David Sargeant Chairman**
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## **AUTORAISE**
## **TRUSTEE’S REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
The trustees have pleasure in presenting their report together with the accounts for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) (effective October 2019) in preparing the annual report and financial statements of the charity. AutoRaise is a Charitable Incorporated Organisation, registered on 7 November 2016, governed by its Constitution of Charitable Organisation.
## **Purpose**
To advance education and training within the automotive repair industry, raising awareness of it’s importance and helping to relieve unemployment, by such means as the trustees consider to be appropriate including, but not limited to, promoting and providing apprenticeship schemes in the automotive repair industry and providing employment advice, and liaising with, employers to encourage an increase in the number of apprenticeship schemes and places available to young people in the United Kingdom.
In essence, the mission of the Charity is to help ensure that there is a sustainable pipeline of talent for the long term security of the automotive repair industry.
## **Appointment of Trustees**
The trustees as listed on page 1 served during the year.
Trustees must be appointed via a resolution passed at a properly convened meeting of the charity’s trustees. When selecting new appointments for the role of charity trustee, the charity must assess and ensure that the individuals involved have the skills, knowledge and experience needed for the effective administration of the CIO.
## **Public Benefit**
That Charity’s Trustees have all complied with the duties outlined in the Charities Act 2011, to have due regard to Public Benefit guidance by the Charity Commission. All Trustees contribute their time voluntarily and have received no benefits from the Charity.
## **Charitable Activity**
The charitable activities of the Charity in the year were split between the following four key areas of activity:
- Raising public awareness of the industry and the benefits of employment within it.
- Engaging with automotive repair businesses in relation to the skills shortage in the industry and supporting them mitigate the risk, particularly with apprenticeships.
- Developing and promoting training that meets the modernising needs of the industry, and is fit for purpose.
- Working with training providers to help deliver training and develop relationships with employers.
The primary activity and goal of the Charity is to support employers – automotive repair businesses – in addressing their own skills shortages and mitigate the risks of this to their companies. The industry has an aging technical workforce, nationally, and the importance and demand for ensuring that there are avenues for younger people to join the industry has become business critical for many employers.
Working closely with all Autoraise Affiliated Repairers, the Charity helps identify suitable candidates and supports in assessing and preparing them for employment in the industry as an apprentice.
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## **AUTORAISE**
## **TRUSTEE’S REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
The automotive repair sector remains relatively large and also largely unknown to the public. Pre-Covid, the sector had a market value in excess of £4.8bn and traded from over 3,000 locations across the UK. While the sector has faced many challenges; from Brexit and the impact on trading from Coronavirus restrictions, it remains one that provides a valuable service in which there are a growing number of career opportunities.
The key role of the charity is to showcase and promote these career opportunities, which have become increasingly viable with very competitive levels of remuneration. This is achieved by engaging with schools, colleges and other organisations, and supporting repairers in promoting themselves as employers of choice.
The charity also works to support employers in securing and maintaining strong and beneficial business relationships with training providers that have the relevant and necessary knowledge and facilities to deliver the best possible training requirements. Many of these training providers are also able to support on engaging and recruiting the right candidates.
In addition to supporting employers, the charity proactively engages with industry stakeholders across the supply chain. Primarily this involves highlighting the importance of ensuring that there is a sustainable and skilled workforce to repair vehicles and the vital role of apprenticeships in this. This includes working with relevant UK Government organisations and training resources to ensure that there are appropriate and professional training standards in the industry.
## **Fundraising and Marketing**
The charity has been able to fully return to the scope of engagement enjoyed pre-Covid, with direct engagement with all stakeholders across the industry, educational establishments, and apprentices themselves.
The charity retains a strong presence on social media, which supports marketing campaigns to ensure that there remains a high level of awareness and focus on the importance of apprenticeships and the support that exists for businesses to engage with them.
The charity also enjoys notable support from trade organisations and publications, which play a very important role in the charity’s mission and promoting apprenticeships in general.
## **Financial Performance**
The Charity’s total income for the year was £238,545 with a surplus of £39,873 for the period.
With a smaller rally taking place this year, income from this source dropped by just over £100,000.
The charity remains in a strong position to continue to deliver on its purpose.
## **Reserves Policy**
The charity currently holds a high level of reserves that would cover an extended period if necessary in the event of the funding environment changing dramatically. Free reserves as at 31 March 2024 were £462,241.
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **TRUSTEE’S REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **Going Concern**
The charity has been successful in retaining and expanding on income streams, despite a problematic economic environment that has seen many businesses look to reduce their expenditure in the face of inflationary pressures.
The charity enjoys a pivotal position within the sector regarding apprenticeships and has benefitted from committed and gratifying support from partners and stakeholders throughout the industry.
The trustees have a reasonable expectation that the charity will continue to maintain the necessary resources to ensure the continuance of its charitable operations for the foreseeable future.
## **Future Plans**
With a new general manager successfully recruited and onboarded, the team have worked hard on developing an updated business plan for the coming years. This will be launched to the industry in February 2025 along with an updated fundraising plan.
The charity will continue to work with all stakeholders to attract young people to the industry and support them and their employers over the coming years
## January 30, 2025
This report was approved by the board of trustees and authorised for issue on …….. and signed on its behalf by
………………… **Marc Holding Trustee**
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## **AUTORAISE**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MARCH 2024**
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2024 set out on pages 7 to 17.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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 accounts to be reached.
………………………. **Nicola Mason FCA, DChA** Independent Examiner MHA Chartered Accountants Preston
## January 31, 2025
Date ……………………….
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**Income from:**
Donations
Other trading activities
**2**
Other income
**3**
**Total Income**
**Expenditure on:**
Raising funds
**4**
Charitable activities
**5**
Other Costs
**6**
**Total Expenditure**
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total Funds Brought Forward
**Total Funds Carried Forward**
**15**|**Unrestricted**
**funds**
**2024**
**£**
10,810
129,321
98,414
238,545
48,087
99,984
50,601
198,672
39,873
-
39,873
422,368
462,241|**Unrestricted**
**funds**
**2023**
**£**
18,288
140,092
208,938|
|---|---|---|
|||367,318|
|||71,643
37,779
4,605|
|||114,027|
|||253,291
-|
|||253,291
169,077
422,368|
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. There were no restricted funds held during the current or prior period.
All of the above amounts relate to continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **BALANCE SHEET**
## **FOR THE YEAR ENDED 31 MARCH 2024**
||**Note**|**2024**|||**2023**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|**Fixed Assets**||||||
|Tangible assets|**11**||113||340|
|**Current Assets**||||||
|Debtors|**12**|80,515||95,453||
|Inventory||17,000||-||
|Cash at bank||510,948||440,820||
|||608,463||536,273||
|**Creditors:**
**Amounts falling due within one year**|**13**|(146,335)||(114,245)||
|Net current assets|||462,128||422,028|
|**Net Assets**|||462,241||422,368|
|**Funds**||||||
|Restricted income funds|||||-|
|Unrestricted income funds|**15**||462,241||422,368|
|**Total Funds**|||462,241||422,368|
January 30, 2025
The financial statements were approved by the Trustees and authorised for issue on ……………….. and signed on behalf of the Board by:
……………………
**Marc Holding Trustee**
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
**NOTES TO THE FINANCIAL STATEMENTS**
## **AUTORAISE**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
## **Charity information**
AutoRaise is a charity registered in England and Wales. The principal office is situated at Gillibrands Road, Skelmersdale, Lancashire. WN8 9TA.
## **Accounting convention**
The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(October 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have been prepared to give a ‘true and fair’ view and 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 Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The accounts are prepared in sterling which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Going concern**
The Trustees have considered the working capital of the charity and, at the time of approving the financial statements, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Fund accounting**
Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity, and which have not been designated for other purposes.
Restricted funds are funds, which are used in accordance with specific restrictions imposed by donors. There were no restricted funds held during the period.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Specifically for grant income, where receipt of a grant is conditional on performance of a specific project, income is accounted for once the Charity earns the right to consideration by its performance. Where no conditions are applied to incoming grants, income is accounted for on receipt.
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting Policies (continued)**
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Charitable activities includes all costs relating to activities where the primary aim is part of the objects of the Charity, along with an apportionment of support costs. Governance costs consist of the costs incurred in the management of the Charity and the costs of meeting its external reporting requirements.
Support costs consist of administration expenses incurred in the day to day management of the Charity, together with the cost of premises used for such activities. These costs are allocated across the categories of charitable expenditure, governance costs and costs of generating funds. Support costs are allocated on a labour basis, using the proportion of staff time allocated to certain activities, on the basis that this forms the fairest method of allocation of such costs.
## **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:
IT Equipment 33% Straight Line
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents include cash in hand and deposits held at call with banks.
## **Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The charity has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting Policies (continued)**
## **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 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.
## **Key assumptions, judgements and estimates**
In the opinion of the Trustees’ there have been no significant judgements (apart from those involving estimates) made in the process of applying the above accounting policies.
There have been no key assumptions concerning future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
## **2 Incoming Resources from Other Trading Activities**
|Partner Income
Affiliated Repairer Income|**2024**
**Unrestricted**
**£**
102,861
26,460
129,321|**2023**
**Unrestricted**
**£**
116,592
23,500
140,092|
|---|---|---|
## **3 Other income**
|Rally Income|**2024**
**Unrestricted**
**£**
98,414
98,414|**2023**
**Unrestricted**
**£**
208,938|
|---|---|---|
|||208,938|
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **4 Expenditure on Raising Funds**
|Staff costs
Motor expenses
Travel
General expenses
Event costs
Office expenses|**2024**
**Unrestricted**
**£**
**-**
**-**
**-**
**-**
**48,087**
**-**
**48,087**|**2023**
**Unrestricted**
**£**
**-**
**-**
-
**-**
**71,643**
**-**
**71,643**|
|---|---|---|
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **5 Expenditure on Charitable Activities**
|Marketing
Staff costs
Motor expenses
Travel
Consultancy services
Event costs
Office expenses|**Engaging**
**repairers**
**Raising public**
**awareness**
**Working with**
**training**
**providers**
**Developing**
**training**
**Total 2024**
**£**
**£**
**£**
**£**
**£**
1,885
1,885
1,886
1,886
7,542
12,248
12,248
12,248
12,249
48,993
1,111
1,111
1,111
1,112
4,445
835
835
835
834
3,339
7,740
7,740
7,740
7,741
30,961
35
35
35
34
139
1,141
1,141
1,141
1,142
4,565
24,995
24,995
24,995
24,998
99,984|
|---|---|
## **Prior year**
|Marketing
Staff costs
Motor expenses
Travel
Consultancy services
General expenses
Office expenses|**Engaging**
**repairers**
**Raising public**
**awareness**
**Working with**
**training**
**providers**
**Developing**
**training**
**Total 2023**
**£**
**£**
**£**
**£**
**£**
1,050
1,050
1,050
1,050
4,200
5,867
5,867
5,867
5,868
23,469
277
277
277
277
1,108
900
900
900
900
3,600
12
12
12
13
49
1,338
1,338
1,338
1,339
5,353
9,444
9,444
9,444
9,447
37,779|
|---|---|
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **6 Other Costs**
|Governance costs
Legal and professional
Bad debts
Subscriptions
Bank charges and interest
General expenses
Insurance
Depreciation
**7**
**Governance costs**
Statutory accounts and Independent examination fee
**8**
**Net income for the year**
**Net income stated after charging:**
Independent examiners remuneration:
-
Depreciation of tangible fixed assets
-
Independent examination fee||**2024**
**£**
**1,500**
**20,764**
**24,000**
**2,486**
**108**
**250**
**1,266**
**227**
**50,601**
**2024**
**£**
1,500
1,500
**2024**
**£**
227
1,500
1,727|**2023**
**£**
**1,500**
**-**
**-**
**1,411**
**122**
**-**
**1,129**
**443**
**4,605**
**2023**
**£**
1,500
1,500
**2023**
**£**
443
1,500
1,943|
|---|---|---|---|
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **9 Staff Costs and Emoluments**
|**9**
**Staff Costs and Emoluments**|||||
|---|---|---|---|---|
||**2024**||**2023**||
||**£**||**£**||
|Wages and salaries|**43,455**||**21,556**||
|Social security costs|**5,538**|||**1,912**|
||**48,993**||**23,469**||
|he average number of employees for the year was 1 (2023: 1).|||||
|o employees were paid in excess of £60,000.|||||
|**10 Trustees' Remuneration and Expenses**|||||
|he key management personnel of the Charity comprises the trustees and the Chief Executive Officer. The|||||
|otal employee benefits of the key management personnel of the Charity including National|||Insurance and||
|ension Contributions were £55,593 (2023: £1,912). No remuneration was paid or payable|||for the|period,|
|irectly or indirectly, out of the funds of the Charity, to any Trustee or to any persons known to be connected|||||
|ith any of them, in their capacity as Trustee.|||||
|rustees have received no expenses in the period except for reimbursed charity expenditure.|||||
|**11 Tangible Fixed Assets**|||||
|||**IT Equipment**|||
||||**£**||
|**Cost**|||||
|At 1 April 2023|||2,190||
|Additions|||-||
|Disposals|||-||
|At 31 March 2024|||2,190||
|**Depreciation and impairment**|||||
|At 1 April 2023|||1,850||
|Depreciation charged in the year|||227||
|Disposals|||-||
|At 31 March 2024|||2,077||
|**Carrying amount**|||||
|At 31 March 2024|||113||
|At 31 March 2023|||340||
The average number of employees for the year was 1 (2023: 1).
No employees were paid in excess of £60,000.
## **10 Trustees' Remuneration and Expenses**
The key management personnel of the Charity comprises the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the Charity including National Insurance and Pension Contributions were £55,593 (2023: £1,912). No remuneration was paid or payable for the period, directly or indirectly, out of the funds of the Charity, to any Trustee or to any persons known to be connected with any of them, in their capacity as Trustee.
Trustees have received no expenses in the period except for reimbursed charity expenditure.
## **11 Tangible Fixed Assets**
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **12 Debtors: Amounts falling due within one year**
|Trade debtors
Prepayments and accrued income
**13 Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income
Other taxation and social security
Other creditors|**2024**
**£**
**75,771**
**4,744**
**80,515**
**2024**
**£**
**32,303**
**73,330**
**20,722**
**20,000**
**146,355**|**2023**
**£**
**86,280**
**9,173**
**95,453**
**2023**
**£**
**10,295**
**85,366**
**18,585**
**-**
**114,246**|
|---|---|---|
## **13 Creditors: Amounts falling due within one year**
## **14 Restricted Income Funds**
No restricted income was received during the current or previous period and no restricted funds were held at the year end.
## **15 Movement in funds**
|**15 Movement in funds**||
|---|---|
|Unrestricted Funds
Unrestricted Funds|**Balance at 1**
**April 2023**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at 31**
**March 2024**
**£**
**£**
**£**
**£**
422,368
238,545
198,672
462,241
422,368
238,545
198,672
462,241|
||**Balance at 1**
**April 2021**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at 31**
**March 2022**
**£**
**£**
**£**
**£**
169,077
367,618
114,027
422,368
169,077
367,618
114,027
422,368|
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Docusign Envelope ID: E2E46E81-E3D0-4ADE-BA25-26C7F83286BF
## **AUTORAISE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **16 Analysis of net assets between funds**
||**2024**|**2024**|**2023**|**2023**|
|---|---|---|---|---|
||**Unrestricted**|**Total Funds**|**Unrestricted**|**Total**|
||**Funds**||**Funds**|**Funds**|
||**£**|**£**|**£**|**£**|
|**Fund balances at 31 March are represented**|**by:**||||
|Fixed assets|113|113|340|340|
|Current assets|608,463|608,463|536,273|536,273|
|Creditors: amounts falling due within one|(146,335)|(146,335)|(114,245)|(114,245)|
|year|||||
||462,241|462,241|422,368|422,368|
## **17 Related Party Transactions**
D Sargeant, Chairman and trustee of the charity, is a director and shareholder of Gemini Accident Repair Centres Limited. During the year donations of £nil (2023 £nil) were received from Gemini Accident Repair Centres Limited. The company was also invoiced by the charity for membership of £28,224 and rally entries of £17,753. These charges were on an arms length basis and the same as for other companies.
M Holding, Treasurer and trustee of the charity, is a director of Karl Vella Group Ltd. During the year the company was invoiced by the charity for membership of £6,600 and rally entries of £5,500. The company provides accounts and governance services to the charity and charges £300 a month. All charges were on an arms length basis and the same as for other companies.
## **18 Control**
There was no ultimate controlling party during the current or prior period.
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