OoGu$lgn Envelope ID: 9C23A3C428BF42E7422148S6A4&4gE Charity registration number 1171871 Company registration number 09639905 {England and Wales) VINCI UK FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024
Docusign EnvelupE FD: 9C23A3C4-288F42E7.92214856A46A9E VINCI UK FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trusteos Mr T L Jones Mr R Giilespie Mr S A WaTdrop Mr S J Ilan der Vord Dr M J Pedley Mr E P Costes Mr S P M Carayol (Appointsd 15 February 2025) (ApFrf)inted 15 February 2025) Secretary MrA Dedat Senior management Ajyub Dedat Ruth Otlley supeiS0r C0[natOr Charlty number 1171871 Cornpany number 09639905 Registered office Energies ued Kingdo 2050 The cres[ BininghaM Busines5 Pa Birn)ingham West Midlands B37 7YE Independent examiner Moore (South) LLP 9 St Johns Pla Newport Isle of Vbfjght England P030 1LH
00cus Env8lop8 D: 9C23A3C&28BF42E74221485&44WE VINCI UK FOUNDATION CONTENTS Page Trusiats. rert statement of trustees, responsibimies Independent examinerfs report atement of financial athfilies Balance sheet Note5 to the financial statemerts 7-13
Oocuslgn ErNelope ITr. ThAIC&28BF42E7-922148W VINCI UK FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Intstees present their annual rewl and fnanryaj statements for the year ended 31 December 2024. The financial statements have beett prepared in accordance with the accounung policies set out In note 1 to the fjnanoial staleFnents and comply with the cha(itys Arbdes aTrJ Memorandum, the Companies Acl 2006 and 'Accountin9 and Reporting by Charities". Statement of Recomrnended Practice aprAtsble to charities preparing their accounts in ardance with tho Financial Reporttng SlaThlard appficabl8 in Ihe UK and Repubk of Irdand (FRS 102)" (effecttve 1 JanLHry 2019). ObjeGtlvps and acllvltles The objeclives of the Chaiily are to promote social IncluOn for the pubfic benefit by preventing people from becoming socialty excluded. relieving the needs of those people vtho are socaally excluded and assisting them to integtale into society in particular by assi8ling in furthering access lo enwk)ymenL In parti(yJlar the 014ects are to". support soa81 inclusion" support access to ernployfflent". Sup[ activities and projects that will be supportive for admeving Pub benefft aims frjlowed ty Ihe Foundation," offer tralntng and guidance. helping individuab with no qua[all0nS into the worknng vmrld: promote solidarity within the community- help newly-founded or developing strudures airned at enabling those shut oui of the job market to (re)adapl trj the workirwJ WOEld. while also r1ving the training and slrofeSsiOnal support they need" upport Initratives aimed at improving access to means of transport. thus helping people to a$5 the job rnarkeL support initiatives aimed at promoting cilzenship. ryjlleclive responsilxKty and providing young peopIe with the framework for fving in s(Kietr. promote stnjctures set up to hel) peopk WJ sknJalK)ns of excktsion to regain Se1knnfiden and become reacquainied with noal bfe: faolilate a$$ to housing for the most underPr[leged irKliyiduals so as to enable them to relum to a stable siiu8lion- support other types of propcts ayning al cc(nbaling all fotms of exclusion. (iv) (v) (ix) (x) Pubfic b6nefit The trustees have paid due ward to 9UKlance issued by the Charity Commission in d(SIng what aclivities the djarity shoukl undertake. Achievements and perfomiance Significant activities and achievements againstotyedives The Foundation invites applcations for grants via advertisements n Ihe loca medla. The Foundation Supervisor atranges an evaluation committee, inchJdirKJ independent external spe(aafists where required, to rewew all grant appkcations. During the year to 31 December 2024. the Trust awaTded grants lotalling £230.153 (2023- £220.440). supporting 38 projects. {2023 - 43 projects) that were deemed to meet Ihe objectives and selection uiteFia. All appfications that meet the objectives of the Foundation are reviewed by the committee and recommendattons made to the Trustees. The Tnthes wlll meet lo review the evaktalion commtttee recomndatIOns. Once approved the Foundation Supervisor will ad¥ise the successful apPlints. arrdnge partnetthip agreements to be dtxumented and slgned. obtsin authorisati)n from the Chawman for payment and fop*ard Ihe approved documents to arrange payment to the successfvl appkant& The charity does not w out any fundraising acbvitios FinanGial revi2w Al monies pledged by VINCI UK Companies are received to fijnd projecls as well as the operating expenses of the Foundalion during the year. Th6 Foundation ha8 operated with the donations received from the member Companigs and has received donations. induding gifts in kind. totalling £235.481 (2023- £251.857). After meeting governance C03ts, the surp$ of 2,118 (2023 deficit- £6.923) was added to (2023- subtracted from} the br(¥ught forward funds to support the ongoing granl programme. The are no restricted funds recelved, all funds belng avaljable for the charity's grant programme.
00¢%glgn EfvMlop8 ID: 23A3C28BF42E742214856ASA* VINCI UK FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 General funds are Niuired lo assist w]Ih the development of the Chariiy and to cover related markettng and support Costs. In addition. the FourKlatton is supported by VINCI UK Companies. and muth of Ihe 5UPPOrt Is met from the VINCI Group. The Charity Iherefore has minimal administrative cosls. and no finanaal commitments. The Trustees therelore have no imrnediate need to bum up any reseNes. and can budget to maximise the usa of funds for ils charitable purposes. Reserves of £45.331 were carried foTrYard at the year end {2023 - £43.213). to support further grants to the cornmunty. Structure• governance and management The Foundation is govemed by tts mernorthum. and also a set of kry daled 22 November 2017 setting out how the chaiily is to be goveffled. In the of an insolvent W1n1ng up its member organisalions ate liable to contribute a sum not excee(fing £10. The management of the charity 15 the responsibThi ty of the Tnjstees, who are elected and co-optsd in accordance with the Charws bye-laws, from VINCI Group companies. The Twstees have the power to appoint new Trustees and their polky when reuuiting a new Truslee. is to seek out the skills which would augment the altril)utes Df those serving and to reFla those of retiring TnBtees. Each member of the Group can nominate a Tnjstee ar an induction and training for their role as a Charity Tffustee can be provided. The tharity was incorporated on 15 June 2015. as a company limTled by guatee. and fegislered as a charity wilh Ihe Charity Commission in England and Wales on 2 March 2017. The tsustees, who are also Ihe directors for the purpDse of (MpanY law. and who served during the year and up to the date of sbjnature of the financial statements were: Mr T L Jones Mr R Gillesple Mr SA Wardrop Mr S J Van (ler Vord Mr F Pogu Dr M J Pedley Mr P Mercier Mr E P Costes Mr S P M Carayol (Resigned 25 February 2024) (Resigned 10 October 2(r24) (Appointed 15 February 2025) (Aw)oMited 15 February 21r25) Plans for future period5 The Trust plans to continue to operate Ihe Foundation as set out in the approNEd by&laws and conlinue to rer£rve donatKJns from the parttcipating VINCI Companies. and make grants into the communty in 6UPPOrt of the charitable aims and objectiv. Rjsk Management The Trustees have evaluated and (iJnsKlered Ihe impact of Tdenlifiable risks that the Foundation faces. and have policies in place lo mibgate these. The trusteel report was approved by the Board of Truste8S. Mrs J Vandervord Trusteo Dale: ......
£h)¢Lts EThpe ID.. g3A3c4-268F42E?-tr22l48S6AA VINCI UK FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The truslees. who are also the dlrectors of UK Foundatton for Ihe purpose of company law. are responsblè for preparing the Trustees. Report and the financial statements in accordance with applcable law and United Klngdom Accihjntlng Standards (United Kingdom GenerallyAe(wted A(uunling Practk). Company Law requlres the trustees to prepaie financial siatements for eath finanu year whrch give a true and fair view of the slate of affairs of the tharity and of the incoming resources and application of resour$, Induding the income and expendilure, of the d(lble cnmpany for that year. In preparing these financaal ststements. the twstees are qUIred to: - select sullable accounting polictes and then apY them consistentty: - observe the methods and PrinpIeS in the Cha¥Ries SORP. - makejudgements and estimates that are TeasonalAe and pnKknt and - prepare the financial statements on the going concem basis unkns it is inappropriate to presume that the diarity will continue in operation. The trustees are responsible for keeping adequate accounting record5 Ihal disclose with reasonable accuracy at any lime the financial positlon of the chartty and enable them lo ensure Ihal the )Inanc*l statements compty with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenllon and deledion of fra1 and other wTegukritie&
rU$l9n ENalope10: 9c23A3C448BF42E7.922l485 VINCI UK FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VINCI UK FOUNDATION I report to the Iruslees on my examination of the andal siat8ments of Ifina UK Foundation (the charity) for the year ended 31 Oecember 2024. Responsibilities and basis of report As the trustees of the charity (and aL80 its directors for the puryM)ses of company law) you are responslble for Ihe preparation of the finandal statoments in accordance wth the requiremenls of the Companies Act 20LB (the 2006 Ad). Hamng satisfied myself that the finaniial ¥tatements of the charfty are not required lo be audiw undef Part 16 of the 2006 Act and are eligible for independent exarnination. I report in iespect of my pxamination of the Charit$ finanaal statements carried out under seclion 145 of the Charities Ad 2011 (the 2011 Act). In carrying Out my examination I have fotlowed all Ihe applcable Directions given by the Charty Commission under section 145(5){b) of the 2011 ACL Independent oxalninetrs statpment Slnce the charivs gross Inwme exceeded £250.000 your examinew must be a member of a body listed in sectijn 145 of the 2011 Act. I confim) that l am qualified to undertake the examination because l am a member of the Institute of CharteredAccountants in England and Wale5, which is one of the listed bodies. I have completed my examination. l a)nfirm that no matters have come to my attention in Conne0 with Ihe examination giving me uSe to believe that in any material respe(*. accounting records were nol kept in resped of the tharity as required by seclion 386 of the 2006 Ad. or Ihv financial ststemenis do not aCCd with thr)5e records: ot the financial slalements do not Comp with the a(ntIng requirements of serlion 396 of the 2006 Act other than any requiremenl that the accounts give a Irue and faw wiew whid) is not a matter considered as part of an independent examinalion. or the finandal statements have not been wepared in accordance with the melhods and prinaples of the Slalement of Recommended P1aCti for accounting and rewling by charities applicable lo charities prepariThJ Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK aThJ Republic of Ireland (FRS 102). I have no CoernS and have come auoss no olher matter5 tn conneclion with Ihe examination to which attention shoukf be drawn in this report in order to enable a woper Understa[ng of the fjnanrAal ststements lo be reached. Vicky Draylon ACA Moore (South) LLP 9 St Johns Placg Newport Isle of Wight P030 1 LH England
Docuslgn Enyefopo ID: 9C23A3C4-288F42E7.148se5A VINCI UK FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Unr05trtctsd funds funds 2024 2023 Income from: Donalions and legacies 269,672 251,857 Tolal income 251,857 Expgndlture on: Charhable acti[eS 267.554 258.780 Total expenditure 267.554 258,780 Net in¢omel(expenditurel and movement in funds 2.118 {6.923) Reconciliation of funds: Fund balances at 1 January 2024 43.213 50.136 Fund balance5 at 31 December 2024 45.331 43.213 The statement of fjnancial activilies inrjudes all gains and losses recognised in the year. All income and expenditure delive from continuing adivitie5.
Dotyjslgn Envelope ID: 9C23A3c4.288F42E7.92214856M9c VINCI UK FOUNDATION BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Currentassets Cash at bank and Di hand 63,541 46.273 Creditors: amounts falling due within one ygar 11 (18.210) (3.060) Net current assets 45.331 43,213 The fund5 of the charity Unrestricted funds 12 45.331 43.213 45.331 43,213 The company is entitled to the exernptton from the au(fft requiieinent in section 477 of the Companles Ad 20[. for the year gnded 31 December 2024. The direclors ad(nowledge their responsibltieS for wmptytng wilh the requirernents of the Comparies AGI 2006 wilh respect to accounting records and the preparation of financial statements. The members have not fequired the company to (*)tawi an autht of ils ffinancial statements forthe year in question in accordan with sectKJn 476. These financial statements have been prepared in accordance the provisions applicable to Gompanies subject to the small (x)mpanies regime. The financial ststements were approved by Ihe lJustees on ......................-. Mr S J Van der Vord Trustee o? toz Company registratK)n number 09639905 (Eng5and and Wales)
Docu*n Envelope D: 23A3c28BF42E72214858AEgc VINCI UK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles Charity infornutlon nci UK Foundation is a ptivate company limited by guarantee incorporated in England and Wale5. The registered office is Energles Unlted Kngdom. 2050 The cren[ Bim)in9ham Business ParL Bitmingham. West MldEands. B37 7YE. 1.1 Accountlng convention The financial slatements have been weparEd In aL[dan( wilh the thar]tys Artldes of Assodalbn, the Companies Acl 21x16. FRS 102 Yhe Finan(aal Reportiry Standard apprble In the UK and Republic ol Ireland, ('FRS 102) and the Charities SORP "Ac(x)unling and Reporting by Charities: Statement of Recommended Pracke appkable to charities preparing their aco)unts in accordance wrth the Financial Reporting Standard appkable in the UK and Republic of Ireland IFRS 11r2)" (effective 1 January 2019). The charity is a Pubk Benefit Entity as defined by FRS ItY2. The charity has taken advantage of the FVISiOnS in the SORP for thaliti not to ppare a Statwaent of Cash Flow The financ4al statements arE prepared in sterling. whtth is the functional currency of the charity. Monetary amounts in these financial statements ate rounded to the nearest £. The finan(ral statements have been prepared under Ihe historical cost convention. The prindpal acojunting policies adopted are set out below. 1.2 Going concern At the time of approving the financral statements. Ihe Iruslees have a reasonabIe expectati¢ Ihal the charity has adequate resources to continue in operational existence for Ihe foreseeable firture. Thus the trustees Jnlinue to adopt the going concem basis of accounting in preparing the financial slalements. 1.3 Charitablo funds Unreslr5Cted funds are avakble for use at the disueticfft ol the tFUStees In furtherdnce of their chabitable objectives. 1A Income A]1 incoming resources are inckNled in the sfaiement of ffinancial aCtIlieS when the charity is entitled to Ihe income and the amount rAn be quantified vrilh reasonable a(xuracy. The following specific policies are applted to particular categories ofincome- Volunlary income is renfftd by way of donations. legaaes and gift5 and are inthded in full in the St8t8ment of Financial Activitte5 when the chartty has control over the ino)me. any ¢xJnditions plad are rnel. the receipt is probable. and that it can be measure(I refrdbty. Grants. where entitlernent is not condRional on the deSvery of a spe(?fic perfonnance by the charity, are regnISed when the charity becomes unconthtionally enlitled to Ihe grant and as the tharity eams the right to income through de of Servi$. Donated services aTrJ fadlilles (gifts in kind) are inche at the Yalue to the tharity onty where this can be quantified. The value of s8Thi$ wowded by members of the VINCI Group have been inthded In thes8 accounts. Investment Incwie Is Induded received.
Docu8*n Envelopt ID: gf23A3c&288F42E7JJ221485&4A8c VINCI UK FOUNDATION NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Continued) 1 ts Expenditure Expenditure is iecognised on an ac[alS basis as the Itabifity Is Incurred. All costs are shown In full and no nBtting off wilh income ocojrs. Expenditure indeS any VAT byhich cannot be recovered and is reported as part of the expenditure to which il relates. Grarts payable included in Ihe x(a)unts when a committnenl has Ixn made and there are no further condilions lo be met relating to the payment of the granL Charitable expenditure cx)mpiises those costs kncurred by the charity in the delvery of its a¢iivities and seNices for ts benefJcÈaries. 11 ind(se$ both costs that be aUo(xted directly to such acttbiiies and those of an indirect nalure necessary to supwt thwn. Governance costs incde those costs associated with meeting the constitutional and slatutory requlrements of the charity and indude audit fees and finw to the strategic management of Ihe entity. Support costs are those fvnclions that assist the work of the charity. bul do not (firectly undertake charitable adivities. Costs are alloczted to charitabk actiifjiies on the basis that thÉs is the rnain activity. and there are minimal costs attributable to fulldr3isw. 1.6 Cash and cash equlwalents Cash and cash equivalents inthde cash in hand, deposits held at with banks, Oth&r short-terffl IqLud imieslmenls wilh ortgtnal rnaturitie5 of three moftlhs or s. and bank overdrafts. Bank over(Irafts are shown within borrowings in crrent liabiles. Basic financial assets Basic financial assets. whith include debtors and cash and bank b21arKes. are inilialty measured at transaction price induding transacbon costs and ate 5ubsequentty carried ai amortised cost using Ihe effective interest method unless the arrangement consltlutes a financvw transaction. where the transaction is measured at the present value of the future receipts diUrd at a market rate of interest. Financial assets dassified as receivable wthin one year are not arncKbsed. Basic finan¢ialJiabllllies Basic financial liabifrties, including creditOTS and acc¥uals are initially rery)gnised at transaction price unTess the arrangement constitutes a finan(ang transaction. where the debt instFument is ffieasured at the ptesent value of the future payments discounted at a market rate of interest. Finanaal blI ities classified as payable wlthln one year are not arrnrtised. DerEcognitlon olfinancial liabilities Flnancial liab[leS are derecognised when the tharis contractual obgatI)n$ explre or are discharged or canceued. Crltlcal accounting e5timate5 and judgements There are no major judgements or sssumptions relaling to estiniaks that are required to be rfisdosed in the prepaiation of Ihese financial stataments.
DO819n ElOPe ID: gC2&43C&288F42E7.922148S6AA5A VINCI UK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incolne from donalions and legacies Unre5triGted Unrestrictgd funds funds 2024 2023 Donations and gifts 269.672 251.857 Donatsons and gifts UK Winci Group Companies Gifts in Ki] 235.481 34.191 218,5C 33.357 269.672 251,857 Expendilure on charitable activllles Charitabl& Actlviti85 2024 Charhable Activities 2023 DireGt costs Grant funding of activitses (see note 5) 230.153 220.440 Share of support and govemance costs {se9 note 6) Support Governance 34,191 3210 35.280 3.060 267.554 258,780 Analysis by fund Unrestricled funds 267.554 258.780
00¢u9 Envelope D: 9C23A3C4488F42E7.9721485&W49 VINCI UK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable Charltable Activities 2024 Grants to Instltutlons (38 grants): Aclion4Youth Band of Buikle BelieveAchieve CIC C18Pton Common Boys CIL Crawley Fdm iniliative CIC ffrading under CFI Me(Fa) t)oncasleF & Ba55etlaw Teathing Hospitals Chaiity Excel in life CIC Freeshop Crawley Girlguithng Hertfordshire Gtifflm & Co Home-start Horrzons Learing Space Lofty Heights CIC Northem Ireknd Hospi Rowan Humberstone Royal Leaminglon Spa Canoe Club SANCTUS SEARCH- Seriices For 0er People CIO Sebastian's Action Tt South Linoolnshiie Blind Society CIO Sl John'5 Centre Teapot Trust SCIO The Amber Foundatton The Brainwave Centre Limied THE BUS SHELTER IPSWICH CIG The Friendly Transport SeNice The Game Change Plojed CIC The HenryAllen Trust The John Egging Twst Volunteer Centre BlapOOl. wy and Fylde Lld Ykids Ltd Zarach (Xher grants under £5.OCK) 6,796 7.51x1 10.000 6.067 7.(KiO 5.000 9.755 5.246 5,000 5.000 5.224 6,C()O 5,Crf)O S.[D 5.OOD 7,000 10,000 5,000 9,992 10,OQO 5,400 5,OCQ 10.000 7,OCM) 6,232 5.000 6.000 6,000 5.555 5.000 23,386 230.153 2024 2023 Of the totsl grants payable to d*rltabl8 organlsalions: Average vae 6.Q57 5.127 Total number 38 There were no grarrts made lo iThli¥iduals in either year. 10-
Docu*i EAvelc4)e10: 23A3¢286F42E7jw22148AA5A9£gc VINCI UK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable {Contlnuodl Premous year. Charltabla Actlvlties 2023 Grants to inslilutions (43 grants): Angeknan UK Brighl Stsr Boxing Academy Castle Bron Hall & Gardens Challengers Chrysa$ Centre Co Durtjam Dailingtoft Foundalion Community Cydeworks Crawley Open House Emmaus StAlbans Herts Young Homeless Lifelites Milton Keynes Sailabilty Ineveh Ridge One Can Trust PACT Pure Insight Salford Loaves Sash Charity Simon Community Nl Southam Church Sweelpea SM[ Hokjings Telfofd Crisis Suppotl The Forget Me Nots The Halliday Foundation The Old Dean Rec Toybox Project Treasure Foundation Young fLrtures Other grants under £5,1Y)O 8,000 6,OCO 5,000 6.500 6,500 5.000 5.995 5.000 5.OOQ 9,500 8.000 5,000 6.500 5,1100 5,1KJO 6.500 6.000 5,543 8,000 6.5LKI 6.500 52,902 11
Dowsfgn ID: 9C23A3C4288F42E74f2148S6AASA9E9C VINCI UK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to acuvltles 2024 2023 Adminlstratlon time costs (Gifted in l& Sponsor day cost5 Sundries Governance costs 34.191 33,357 1,791 132 3.060 3.210 37.401 38.340 Analysed between: Charitable Aclivities 37.401 38.340 2024 2023 Governance costs cornprise: Audit fees Accountancy 1.320 1.890 1.260 1.800 3.210 The adminis1rdn arKI aOunting work of the Foundatx>n has been provtded by the Founding Partners through Ihe VINCI Group of Companie& Net movementin funds 2024 2023 The net movement in funds is stated aftw thargingl(creditKig): Fees payabte for the independent &Yaminat5 of the tharit5ls Ilnancial ststemenls 1.320 1,260 None of the Iru5tees (or any persons connected th them) received any remuneratim or beneffts from Ihe chafity during Ihe year. Employeos The average monthty nUber of empbyees during the year was: 2024 Nulnber 2023 umber Total Ther8 nD employees whose annual remuneration was more than £60,000. 12-
Docu8tgn Envek*10: 9C23fv2C4-288F42E74221485&4WE VINCI UK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Taxatlon The tharity is exempt from laxation on its aclpibties because all Is ino)me 15 appfied for charilable purposes. 11 Creditors: amounts falling duo whhln one year 2024 2023 Grants payable Acr8[5 and deferred Income 15,000 3.210 18.210 3.(0 12 Unrestricted funds The unrestricled funds ofthe charty comprise the unexpended balances of donalions and grants which ar8 not subject to specifK condiknons by donors and grantors as to how they may be used. These include designated lunds which have been set aside out of unrestricted funds by Ihe Iruslees for specific purposes. At 1 January 2024 coming resources Re$ourGe5 expended At31 December 2024 General funds 43.213 269.672 1267,554) 45.331 Previous year. At l January 2023 Incoming Resources resources expendgd At31 December 2D23 General funds S).1 251.857 (258.780) 43.213 13 Related party transactlons There were rw) InJstees' remunetslion or oiher benefits for the year (2023- nw. There were no expenses paid lo Trustees durng the year12023 - n. No payments have been made on bohall of the Trustees P023- nffj. Related party transaclions are onty In relallon to the donations received from the VINGI Group of Companies in the year. as outlined in note 3 totalling £235,481 (2023- £218,500) phts the assijciated admlnislralion time as gifts In kJnd of£34.19112023- £33.357). 13-