REGISTERED COMPANY NUMBZR: IIM93204 IEDgJgDd and W#ks) REGisfERED CIIARITY NUMBER: 1172250 Unaudited Fth#lldSe1teMQfjts for th¢Y¢r Ended 31 Dettjmber 2023 PAP¢f Fo¥ndAt (A CompHy Lamited by Gwar*D¢ee) Stsbl¢s. Thompsott & Bris¢oe Lowther House LA9 4DX
Paper Fo•odallo• Contethts of the FInellI Slt¢nwthts for tbe Year Ended 31 Deeember 2023 Ref¢ren¢e and AdmlThlJtrtlv¢ Det R¢port oftb¢Try¥t¢ 2 to 4 IndepeIt Report Sttemen¢ ofFlnan¢lAI A¢¢lvldes Bthne¢ Sheet 7 to 8 No¢¢i tts ihe Fth•b¢tsl St¢¢m¢fyts 9 16 Dthed Stlteffjent of Flnmdl Aetlvltl 17 to 18
Paper Foundatlon R¢f¢r¢ne¢ and AdministrAtive D¢lai for Iht Year Ehded 31 December 2023 TRUSTEES JEShz P J Willink M A J Croppcr Mr5 A F Cropper E W O Baynbjn Ctsward M$ P A H Elliott REGISTERED OFFICE CIO Estate Offic¢ Ellergreen Kendal Cumbria LA9 SSD REGISTERED COMPANY NiIMBER 10493204 IEnglaTHI and Wale5) REGISTERED CHAIUTY NUMBER 1172250 INDEPENDENT EXAMINER Stables, Thompson & Bri0¢ Ltd Chartered Accountants & Busia&5s Advisors Lowther House Lomryher Street Kendal LA9 4DX P4ge I
hper FoulldatloD Report of the Trustees for the Ye•r Ended 31 December 21)23 The trustCC5 who a150 diTectors of the charity for th¢ purposes of the Companies Act 21M)6. pr¢sent their report with th¢ rinancial $tatement$ of the dwiry ftsr the year ended 31 D¢r¢mb¢r 2023. The trustc¢s have adopted the provÈsions of AecouDting and Reporting by Charities.. Ststemeni of Recommended Practice 4wlicabl¢ to ¢htirities preparing their a¢COUDts in axordan¢e with the Financial Reportin8 StandArd oplicable in the UK and R¢publi¢ of Ireland (FRS 102) (¢lT¢ctive l JaThuary 2019). ObJe¢tivu #Dd Aims Th¢ Pap¢r Foundation is a ¢harity comtniNed io the presetvatÉott aDd celebration of paper-makin8 and all paperrelaredarts, Crafts. and indu5trie5. It hopes to fifil thi5 role to a lev¢1 of Dational and inkrnatiOn signifi¢8n¢e. It primarily fuifits its obje¢iives from an instslution lorAted close to the historic James CTopp¢f PAper-mill in Burnesid4 8 small village in th¢ foothills of the E#glish Lthkn District with a history of paper-making datin¥ baek to 1746. Th¢ Pap¢rFowJdation has s¢v¢rnI int¢tt¢lated aims.. - To p¢tpetuate the craftsmanship knoWIge necessary for th¢ production of Ilantht pw and th¢ continuation of its associated arts. ¢raft5 8Tr1 IndtrIeS. This inclyd¢s (but is not limitd print-makin8. lett¢rm priDtiD8, lrtjokbinding ond paper¢ons¢rvation' - To conserve the obj¢¢ts and artefa¢ts that Comprise the physid heritsge of paper-making and related paper arts in th¢ United Kingdom. - To provide access lo archiv4 dw¢nts 8nd ortcfact4 fxililate re5¢arch. and sbare this with 8$ wide sn audi¢nc¢ a5 pos$i7&1e.' - To regenernl¢ the paper-making ¢ommuniry o(Burnesid¢ and aJri¢h the cyltural life of the north of England and all those who visit SIEnifi¢ant actlt5 The Foundation bears 8¢v¢ral traits of a mu5¢w bul its ethos is focus on the present futur¢ of Per as much as the Currenl activities include th¢ cr¢ation sin¢¢ 2015 of the most important archive dedicated to paper in th¢ United Kin8dorn. This is bd on thc ground-floor of a county house with paper industsy asso¢iaii¢)ns aDd is Vowing all the iirne. Nethy the Foundatiott has operated a hand-made paper-rnill sit)ce 2020. Public bemefit In dei¢miinin8 these ObJIlVe* th¢ Twst¢e$ have paid due regard io The Charity ComTntssion 8uidan¢e on publi¢ bcncfiL Page 2
P#per Founditt•Tr Report t)fth¢ Trnsttts for the Yr Ended 31 De¢eDth¢r 2023 ACIIIEVEMEliT AND PERFORMANCE Ch•ritAbl¢ ctlvStks The Paper Foundation has made $ignifi¢•Dt strides io 2023 81th charithble airn ofpre5erving the ¢raftsmwtship thj knowledg¢ ofhandmade paper pmduction. Key devel[Dents in our tea infra, fiDancial perfornwice have Apprentice Appointt)w)t In 2023. we 8¢hieved a majOT rnilestQDe with the winfment of • second apprentice pAFnnaker. This addition brings wr team to a total of thrcc skilled p•pem)ak¢r& The new 2tvrenti¢e is fidly fiulded f¢x 24 months by the King Bedouirt Fund (KBF Cldj. lrnpdct ¢)n In¢om¢ W¢ ore optiMlIC #b¢Art th¢ posiiive impKi th¢ wldiiion•l will have <Jn ow earned incorne. This new resou, ¢ornbined with s1¢81¢ investm¢ni in ow infrastructure. is eX¢ted to help us #hieve our 1mbitiO ineAM thrgels for the yw ¢ndin8 2024. rastrueturt Investtnent R¢sn181nB lh¢ need to ¢wity. the initiated th¢ Mill EXp10Th Proixt in Jun¢ 2023. This proj¢¢t w8s compleied by Sepiember 2023. Rem•rknNy. our ¢un¢d in¢om¢ still iThcr¢wd by 64•A d¢spil¢ a temporary closure during the expansiorL This inv¢sWa¢N is ti¢ld to yield wbSthTrti retUTDS in 2024. r¢flectin8 our incjrased ¢apaciry aad ¢tTici¢nq. Eilergreen MaNion Refurbislllne Progr on the rehjrbishmeni of th¢ Ell¢we¢n m10n been i1gw¢r. with minimlll ehkn8ts tnade t¥) the remainini 8round tloor I1. How¢v¢r. w¢ w¢main ¢rnitd to thi5 projed aDd continue to wel¢ome visitors durin8 our open days. Fuhjre Ouilook Lknoking folward 2024. w¢ will upitalix on th¢ ¢Dhan Wity athd Wilili•s from ow rtent ittvtstments. Our SO is to m¢¢t and SUTpass our irtome the susthithility and Bro of th¢ Paper Foun10 We will Ilso continue seekinÉ fijnding ty support our chaTi¢•ble K¢ivitLes. FINANCIAL REVIEW Flthamdll pogitlon The Paper Fowidation received donation5 and grknts totallin8 of £182.771 in the yetr (wmpartd 10 £82.963 in pr•vio y¢ar) and the clwiiy teceived a fith £19,403 (2022 - £12.51KI) in Bin aid. Tradin8 a¢tivity in¢r¢ased frorn £38.737 in 2022 to £64.298 in 2023. ExpendiluTe in the year i011¢d £145,156 (2022 £105.7481 resul¢inB in • surplw of £121 J76 (2022 £28,452) artd iothi eried forward of £205.941 of which £7,5fy) is restri¢d funds. At the Period ¢nd there were no free rexeNo •s tho cmt liabilities*x¢¢eded th¢ ¢uneni by £8.988. Reservu polky A5 th¢ ¢hhrity 1$ in its early sta8es of developmenl we currndy do not have # reserves F4)licy in plice. A compreh¢n$iv¢ sery¢s policy will be drafted ¢Jnce the ¢IrIty is mort es¢abli5W atwj has begutt genernting sufficient fiuKls to 5UPPOrt its a¢tivilies and 801b. STRVCfURE. GOVERNANCE AND MANAGEMENT Governlug do¢ument The ¢harity is controllcd by its Kov¢ming do¢umL a deed of tru5L Ind rnnmituies i limited company, limited by 8uaranlee, as defined by theC•ies Aci 2[6. Paper Foundation was irtethp0 on 23 Nowember 2016 &8 8 not forprofiteornpony limit&a by Buarant¢¢. Papcr FoutKlalion is a re8iStered charity (nunthr 1172250). The ¢ompthy was esthblished utwler a Memorandum of Assl8t1(n, whtch eablishl th¢ J¢¢ts WKI werS of th¢ charitable npartY and is 8(Nerned UEhder its Arti¢1¢s of Association. Page 3
P•per Foundatlo Rwrt ofthe Trustees for th¢ Y¢8r Ended 31 Detember 2023 STRUCTURE, GOVERNANCE Af4D MANACEMENr Recrultmcnt And AppolDtrneDt of new trusttti During 2023, there were no changes ¢0 the board. Howev¢r. 45 the Foundation 8rows, the proposal is to Si8nifi¢antiy iDcrease the number of trustrts, ideally including top-level Yo¢te$ from the arts, ¢ulturA and ¢d[AtiOn se11. Thi8 Could be achieved through th¢ ¢r¢alion o(an adVIry board and new trwtee appointments. Rlsk maTh•gement Th¢ tnL81¢¢5 have examined the rnajor strat¢gic. business And operntional risks whidl the tharity fa¢¢s and ¢onfinn that Sy5tem5 hav¢ been ¢stablished to enable re8ular reports to b¢ produ¢¢d 50 that the ne¢essw steps can be tsken lesse Ihese risks. This r¢port has been pr¢pareJ in a¢cordaTKe with the speci41 provisioDS of P8rt 15 of the Compani# A¢i 2(#)6 r¢]a¢in8 10 sm811 compBnia. Approved by order of th¢ lyjard oftrustees on I l July 2024 at)d signed ott Its b¢hilf by: MAJC - Trust¢¢ Pa8¢ 4
Indepedent Ex#thlner'i Report to the Trustees of Paper Foulldatlo Indepedent tx#mIneI report to the trnstees of Paper Foud8tloD ('Ihe Company,) I report io the charity tntsl¢es on my ¢x8mination of the accounts ofthe ConwaDy forth¢ y¢8T ended 31 Decenkn2023. RespoM$lbllltles #nd basls of report As ihe tharity$ trllslees of the Company (and also its dire¢tors for the purposes ofcompany law) you are responsible for the preparation of the occouttts in accordance with the requirements of th¢ Companies Act 2006 {Ihe 2(KJ6 A¢¢). H&ving satisfi¢d myself that the 8c¢ounts of th¢ Compny are noi r¢quir¢d to be Audited und¢r Part 16 of th¢ 2[ Act and are eli8ible for independenl examiiiation. I r¢port in respect of my exAmination of your ¢horitys a¢¢ounts 85 carried out und¢r Se¢iion 145 of th¢ ChJritie$ Act 2011 ('Ih¢ 2011 A,). In ¢arryin8 Out rny ¢xamination I have followed the Directions 8iven by the Chariiy Commission U1¢r Serlion 145{5) Ib) of ih¢ 2011 A¢L Since your charitS 8ross irteome exceeded £250,0(• your examiner must be a member of a listed body. l ean tonfilrn that l arn qualified to undertake the ¢x8minaiion because l am a mernber of the In51ilule of Chartered Accountants in England ond Wal¢$. whi¢h is one of the listed bodie$. I have ¢ompled my ¢xaminolion. I confirni that no matters have com¢ to my ¥ltention in conneclion with the examinatio 8ivin8 m¢ Ule to b¢li¢ve'. ¢ounlins r¢coTd$ were noi kepl in tespxi of the Company Os required by S¢clion 386 of the 20 the accounts do not accord with those records. or ¢h¢ 4c¢ounts do not comply with the accouttiittl r¢quir¢menty of Section 396 of the 20Q6 A¢t other thju any requiremeTht th th¢ a¢counts 8ive a Iru¢ and fair vi¢w which 1$ not a nmiter conSid¢d as pffi of an indep*thn¢ ex8minBiion,' or Ihe occounts hav¢ noi PT¢pared ITr accordattce with th¢ methods and principl¢$ of the Siaiemeni of Recomm¢ndcd Practice for Dccounting reportin8 by ¢harilie$ (wpplicBble to charilie5 preparin8 their gcwunts in Accordance with the Fina141 Rel18 Standard applitable in the UK and Republic oflrelthd (FRS 102)). 6 Act: or I h8ve no con¢¢m5 and have come ACTOSS no other mtlier¥ in conneclion with the exthimiion to which attenlion Should be drn iti thli rtport in order to enable a proper underslandinm of the aecounts io b¢ r¢o¢hed. H M Holme5 Bsc FCA Stabl¢s, Thompson & Bri5¢0¢ Ltd Chartered Accoutti•n¢s & Business Adviso Lowiher14ous¢ Lowiher Strtti Kendal LA9 4DX Date: .. P&gc 5
P¥Jper Foundatlon Statement ofFIDgnclal Aedvltles ror tb¢ Y¢Ar Ended JI December 2023 31.12.23 Tothl 31.12.22 Total Unr¢stricted Re$trict¢d Note5 INCOME AND ENDOITrNENTS FROM Donations and l¢g3¢i¢$ 56.163 146,071 202.234 95,463 Other ¢r&dinga¢iiviti Total 146071 134 266 532 00 EXPENDITURE ON PJis1 funds 31.088 31,088 16J16 Ch•rltable atdvltl Devolopment cos Depre¢ialiott Support Costs G)vernthce cosls 17,041 9,433 38.515 46,786 63.827 9,433 38,515 61,652 3.838 21J29 145 156 105748 NET INCOME Transfers between fvDd$ Ne¢ mov¢m¢Ni Sn funds 22,091 99,285 121,376 28,452 15 113.876 7.500 121,376 28.452 RECONCILIATION OF FUNDS Toul funds brou8ht forward 84.565 84.565 56.113 TOTAL FUNDS CARRIED FORWARD 205941 Th¢ not¢s fomi partof these financial Statements Page 6
Pwr Foundgtlon B#JaTr¢e Sh¢¢¢ 31 Detember 2023 31.12.23 Totsl 31.12.22 Totsl FIXED ASSETS Intangible as5¢ts Tangibl¢ 8SS¢ts Ikrita8e as5cts 750 138583 750 138.583 io 42.150 207.429 207.429 108,276 CURRE? ASSETS SCk$ Debtors Cath at bank in hand 12 13 10531 22.735 10.531 22.735 9.493 J94 7,5( 67.894 38.966 CREDITORS Amounts falling within on¢y¢ar 14 {69J82) (69.382) (62,677) NET CURRENT ASSETS 8.98 1,488 7,51XI 711) TOTALASSETS LFSS CURRENT LLABILITIES 198,441 7,5th) 205.941 84.565 NET $SETs 198,441 7.5(Kl 205.941 84.565 15 198.441 84.565 RtrICted funds: National Archiv¢ TOTAL FUNDS 7.500 205.941 84.565 The charitable compw is amitled ¢xai)ption fron) audit Section 477 of the Companies Act 2(#)6 (or the ye&r ended 31 De¢anlJer 2023. The m¢mbers have not required the coryaTry kn obtain an audit of its fill¢111 sthtethents for the year eThJed 31 DecemE¢r 2023 in accordance with Section 476 of th¢ Companies Art 21x. Th¢ tswstees acknowled8c thcir tCSPOThsibilitic5 for (a) ensuring thai the ¢h•ritsble conyiy k#ps a¢c(wntiDg that comply with kniojs 386 8nd 387 of the CoTnpani¢s A¢t 2(th at)d (b) preparing flnancial statements which 4 true I1 fair view of the state of affairs of the charitable Company as kt thc end of each finala1 year and of its surplus or d¢fi¢it for each financial y¢ar in ac¢ordan¢¢ with th¢ requirements of Se¢tions 394 and 395 and whith Othe comply with the requiremenls of the Companies Acl 2 r¢latin8 slathen so faT as applicable to charithble eompany. Page 7 eontinud..
Paper Foundtioo B21gnce Sheet- continued 31 Dettmbtr 2023 subj¢¢i to th¢ small eompaDi&8 ene. Tr fiNncial statements wete apwived by the Bo•Td of Tru#ees Ind for issue (m I l July 2024 and were si8n¢d OD its behalf ty. M A J Cropp¢r.TnLe Page 8
Paper Ffjundath Notes to th¢ F6uaDcll Ststemeots for the YeAr Ended 31 De¢¢Mber 2023 ACCOUrllNC POLICIES Basls of prtPTing the f5n4n¢txl ststemeDts The financial statem¢Dts of the clharitable cornpny. wbicb is a Fthlic benefir eniity FRS 102. have b prepared in accordance with the ChaFiti¢S SORP (FRS 102)'A¢coyotitiB arKI RqxJrtin8 by Clwitie5: Staternent of Recommended Pra¢ti¢e applÈcable kn chariiics prepari their acc¢Mnts in <[danCe with the Financial Reporti Standard applicable in the UK wjd RebIle of Ireland IFRS 102) (effective l January 2019).. Finattial Reporti118 Standard 102 Th¢ Financ1 Ret#xtÉng Standard appli¢ablc in the UK and Republic of tftl8TKI' and th¢Spwi¢s A¢t 2(106. The financial 5thments have be pryareduththe bistorical cost conueDtioD. All income is re¢ogDis¢d in the Statement of Fina181 Adiyities on¢¢ the ¢hariry has l)ent w the 1¢ 15 probable that the income will be rettifftl and the amount ¢an b¢ me2sureA Teli8bly. Expettdlthre Liabilities ar¢ Ifni1 as eXdie as sth)D as there is a Iwl w nsIn¥¢ obligation ¢ommittitig the ¢harity io that exmIlIre. 1¢ is p(knable thai a tsanS[ of econwrric benefts wÈll be r4ured ID settlement and the amount of th¢ obligation czn na5 reliably. Exprnditure is account for on m accrua15 basis and has C]lfied under IlD85 that agwte all lated ts th¢ ¢8i¢gory. Wher¢ $ts ¢anMt ix dire¢tly attnbuted to particular headin8S tFy have alJo¢ated ¢0 I1¥111¢S ou a basis ¢on5i5tent with the use of T¢SOUTV& Tan%lble Ilx¢d a59¢tS Depreciation is provided at the following •mual Ates in oth to W7ite off each Lwtover its e5timat&l weful life. Plant Ind machi . oncosl Stoclts Stocks are valued al the low¢r of wst and net v8h. aft¢r nwkiD8 due allowanv for ob501¢t¢ and slow Taxalio The charity is exenwt from wItIon lax on its dwithble activities. Unrestricd Can be wed in rds¢ w the dbOritsbl¢ objeAives the d15Crtion of the trte¢s. R¢stri¢ted can only bE used for prtKular restri purp within the obje¢ts of the rljarity. Rcstriction5 arise when Splfied by the donoror when funds ate Taised for p/rti¢ularrestric¢ed purposes. Further explanaiioi) of the nature and of ¢a¢h is includeA in the note5 to the fuwKiai statements. Pt#thn ¢osts d other pos¢vrn¢lr¢m¢•t IxAfllts The charitabl¢ company OpeeS a dcfmed contribuui)n tn5ion schcmc. ContributiODS payablc to the charitable CoMpanS pensi¢Jn %hemc #re thorg¢d the Staknneni of Finla1 Aaiviu¢s io th¢ peri to whi¢h thty relat¢. Golng ¢on¢¢rn Th¢ c]Mrity has net current liabilities of £1.488. The charity ha5 a of significant benefactors who are 5upporling the developmeni of the charli$ (jertives. They have comnlltied to ensuring thal the clwity can continue to opern durittg this devel(yment phase and unul IÈ ¢an generate a SUTr1. Thefffor¢. th¢ trustees have pwarnl th¢ ac¢ounts on 8 80in8 concern basis.
Paper Foundatlon Notes to th¢ Fingll£l81 Stst¢m¢ty¢s- continued for the Y¢ar Ended 31 December 2(123 DONATIONS AND LEGACIES 31.12.23 31.12.22 Appeals and th)natioTr Gift aid tsx laiMed Grants 56,700 19.463 126,071 82,5(• 12.5(K) 463 Grants receirt included in the above. as follows: 31.12.23 31.12.22 QEST Apprenticesbip fimding Innovate Fundin8 National Ar¢hiv¢s Golsoncott FOU[alln Radcliffe Tn1 Yor Fouttdatio KBF 5,556 14.612 7,500 2.000 7.000 2,000 87.403 126.071 463 OTHER TRADINGACTIVITIES 31.12.23 31.12.22 Fwjdraising events Shop income 1,800 RAISING FUNDS Rbkng donat10 and legades 31.12.23 31.12.22 Advertising and marketirt8 1.329 NET IP4COMFJIEXPENDJTtJRE} Nei in¢om¢l(expenditur¢) is stated after chargin{creditIg). 31.12.23 31.12.22 DcpreciatioTh- owneda5sets Computersothvare amortisation 8.683 750 3.088 750 Pa8¢ 10 n¢inu¢d...
P*per Fomndgtlon r4ot¢s to the FItt#n¢1 Statemellts- contlnued (or tbe Ye8T EDded 31 December 2023 TRUSTEES. REMifNERATION AND BENEFrrs Ther¢ were no tru51ees' remuneration or other bcncfits for th¢ y¢ar ¢nded 31 Dec¢mber2023 nor forth¢ year ended 31 December 2022. TrSt¢' txpemes There were no Iru5t¢e$' expenses ld for the year ended 31 Devmber 2023 nor for the year ended 31 December 2022. STAFF COSfS 31.12.23 31.12.22 Wages and salaries Social security ¢osts othernsiOn costs 62.749 60.505 (13) 1.160 61.652 1,363 64.112 The av¢rng¢ monthly number of ¢mployee5 durin8 th¢ y¢ar was as followi.. 31.12.23 51.12.22 Numberofsthft No ¢mployees received ¢moluments in ¢xc¢ss of ,0((1. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted R¢51ncted Totsl INCOME AND ENDOWMENTS FROM Donations and legacies 95,463 95,463 Other trading I1vill¢S Tota] 38.737 134.200 38.737 134.2 EXPENDITURE ON Raising fvn(ts 16,516 16,516 Chsrftable #ctlvltles D¢Yelopm¢ni costs D¢preeiation SUprt costs Governan¢¢ ¢o$t$ Total 61,652 3,838 21.329 2.413 105.748 61.652 3,838 21,329 2.413 105.748 NET INCOME 28,452 28,4S2 RECONCILIATION OF FUNDS Totsl broughi forward 56,113 56,113 Pa8ell continued...
Paper Founda¢IoTr N•tos to tho Fln*n¢l41 Sta¢emettt$- eontthwd for the Ye#r Ended 31 Decernbtr 2023 COMPARATIVES FOR THE STATEMETrTf OF FINANCIAL AcfiviTIES- eontlnued Unrestrict¢d Restricted fid TOTAL FUNDS CARIUED FORWARD 84.565 Ir4TANGIBLE FIXED ASSETS Computer software COST Ai l Janu8ry 2023 and 31 D¢¢¢mb¢r 2f23 AMORTISATION At l January 2023 Char8e for year Ai 31 De¢ember2023 NET BOOK VALUE At 31 December 2023 Al 31 December 2022 i.soo 750 750 io. TANGIBLE FIXED ASSETS Jnwovem¢nts to property FiKtWC5 Plant And ma¢hin¢ry fittin88 Toty]s COST Al l January 2023 Additlons At 31 Deeember 2023 DEPRECIATION Al l January 2023 Ch8T8e for yeRr Ai 31 D¢¢emb¢r 2023 NET BOOK VALUE Ai 31 Detember 2023 At 31 Deeember 2022 30,659 12,565 2.881 46,105 105 116 151221 107802 3.379 576 3,955 107,802 138583 Page 12 ontinued..
Paper Founditlo• Notes to the Flnaneial Stkments- tor tbt Year Ettded 31 D¢¢emb¢r2023 HERITAGE ASSETS At l janu 2023 Additions Al 31 December 2023 NET BOOK VALUE Ai 31 Dettmb¢r 2023 At 31 De¢¢mber2022 64.626 3,470 12. 31.12.23 31.12.22 Stocks 13. DEBTORS: AMOUNfs FALUNG DUE wmllN ONE YEAR 31.12.23 31.12.22 Trade debtsws VAT A£¢nlS Acuyed income 14.186 1,393 6250 9,292 2,014 14. CREDITORS: AMOUNTS FALLING DUE wmiiN ONE YEAR 31.12.23 31.12.22 13,882 46,500 668 367 Trod¢ ¢Tediiors S(ial seeurity Ind othcrtsx Other uediiors 67.219 422 415 Pa8e 13 Continued...
per FouThdatloD Notts to the Fm#th¢ial Ststemthts- eortlirtued f•r tb¢ Y¢Ar Ended 31 Decem1 2023 15. Net Trattsfers At 31.12.23 Gelleral fund 84365 22.lyji 91.785 198.441 Restrteted funds Mill ExtetLsion Na¢ioM41 Ar¢hiv¢ New equipment Heating In5ts11atio# 72,570 (72570) 7.500 (I I.000) 15 8215 99285 121.376 7.5¢)0 205.941 TOTAL FUNDS Resource5 Movement UArestricted fwids General fund 120.461 (98370) 22.091 Restrfeted fuDth Mill Extension Nati¢)nal ArthiY¢ I[vate Funding ApprenticeshÉp Fundin8 New equipmenl Healing Instsllation Ttainxship 72,570 72.570 7.500 14.612 5,556 (14.612) (5.556) 8215 8,215 6.618 146.071 TOTAL FifNDS 145.156 121376 Compxrnliyes for movement in fund5 Net At 31.12.22 Ai 1.122 in fwids Unr¢5tritled hnds General fiu 56,113 28,452 84.565 TOTAL FUNDS Pase 14 eoniinued...
Paper Fowndath)ll Notes to the 1¢741 St*t¢m¢Dts- ¢otttitiued for the Y¢ar Ended 31 December 2023 Incoming Resources Movement ID fimds UDMtrleted 1342C (105.748) 28,452 A eurrentyear 12 andpritryew 12 nThtlL% combinedptsition is as follows: Net TraLsfer5 At 31.12.23 At 1.122 ullre8trk funds General fimd 56.113 50.543 91.785 198.441 Restrlcled fllDth Mill Extensioo NAtional Ar¢hiv¢ N¢w ¢quipmeDt HeatÉn8 In5th11ation T2,570 Ins70) 7,5(• Ii.IK (I I,(w) 15 follows.. Movemeni in funds Unreslrie¢ed fu•ds G¢n¢Fai futtd 254.661 (204.118) 50.543 Restricted furtds Mill Extension National Ar¢hiv¢ Innovat¢ FuTh4iD8 Apprenticeship FUlIng New equipmeni Heating lttstsllatioD Traineeship 72,570 72.570 7.S(Kl 14.612 5.556 (14.612) (5556) 8,215 8,215 TOTAL FUNDS 400.732 50.904 149 828 Page 15 ¢oniinued...
PaperFouDdAdoH Note$ ¢0 lh¢ Fln8nclal Statements- continued for theYÈ#r Etsded 31 December 2023 cotiwKrwl b&si$ 8t £l400ty Pa8e 16
per F•und#don Detailed Sts¢em¢t of Fin8DciI Activifi lor the Y¢aT EDded 31 December 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donatlons and kEad AP15 #nd donations Oift aid tsx reclairned 56.700 19.463 126071 202.234 82.5(Kl 12,5(Kl 463 95,463 Other trAdI ttt¢s Fundraising ¢v¢nts Shop inwme 1.800 Tot1 Incomkn8 rere¢S 266.532 1342 EXPENDITilliE Other ¢rAdthz •etfvltl•s Purchases Paym¢nl prncessin8 fees Closin8 stock 24.832 507 10,710 398 14.808 3,059 Ch•rf¢•ble Aetivllks Wa8CS Social seujrity P¢n5ions Contraclors 62.464 60,505 (13) 1.363 4,934 2,080 13,488 5.626 23,417 1.174 253 6.019 750 Manwmettt fees Miseelltheous sNff Membership and subscriptiQlLI Coll¢clion addÉtions SoPavare deCIatIon Pltht thd Mh1n dyKi•ti on 324 323 750 109,749 86.819 Adverdslng •nd m*rketlnz Consulting R41¢s gnd w•t¢r Insuran¢e Li8ht and hedt Telephone And IT Posl8g¢ and $tationcry Carried fonvard 285 1,521 2,719 2296 1,786 952 9.559 967 1.559 4.726 This pa8e th)ES fom part of the finatt¢i21 yatsm•)ts Page 17
P8p¢r Foulldti•D Det•llpd St•tement of Financi Attiviti for the Year Ended 31 D¢¢tthber 2023 31.12.23 31.12.22 MxDgemeDt Broughi (onWd AdvertLsin8 Sundries Motor 8nd travel expenses 9.559 4,643 1.741 2.173 18,116 4.726 5.972 598 13.457 Gov¢rn*DCt ¢ts Accountgn¢y Leyl fees Training 2211 190 82 2.159 50 204 Total Tewur¢es ¢xp¢nd¢d Net lth¢ome 145 156 105 748 This pa8¢ d¢)¢5 not fomi part of the statytory financial sta¢em¢nts Page 18