COMPANY REGISTRATION NUMBER: 10351989 CHARITY REGISTRATION NUMBER: 1180916
Greenacres Rescue Limited Company Limited by Guarantee Unaudited Financial Statements 31 August 2024
Greenacres Rescue Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
| Pages | |
|---|---|
| Trustees' annual report (incorporating the directors' report) | 1 to 2 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and expenditure | |
| account) | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 to 14 |
Greenacres Rescue Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report)
Year ended 31 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.
Reference and administrative details
Registered charity name Greenacres Rescue Limited Charity registration number 1180916 Company registration number 10351989 Principal office and registered Hamilton House office Hamilton Terrace Milford Haven Pembrokeshire SA73 3JP United Kingdom
The trustees
R Griffiths J Brightmore G Pearson M Lawlor Mrs T Olin (Appointed 30 July 2024) Independent examiner Evens & Co Ltd Chartered Accountants Hamilton House Hamilton Terrace Milford Haven Pembrokeshire SA73 3JP
Structure, governance and management
The charity is governed by articles of incorporation.
The charity is a private company limited by guarantee with no share capital. Trustees are selected by the directors. They are willing to become trustees and have an interest in the welfare of the rescue and care of animals, with no conflict of interest.
Objectives and activities
Greenacres Rescue Limited rehabilitates and rehomes domestic animals in need. They provide veterinary care, shelter, food and assess where their help is needed. The charity aims to relieve the suffering of animals in need of care and provide facilities to rescue and re-home. They benefit the public by promoting and educating in the care and consideration of animals and remain committed to helping the strays of Pembrokeshire, regardless of breed, age or health. All trustees have had regard to the guidance issued by the Charity Commission on public benefit. Volunteers contribute to the running of the rescue, the running of the charity shops and fundraising activities.
- 1 -
Greenacres Rescue Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 August 2024
Achievements and performance
The main achievements of the charity include continuing to improve the health and safety of animals in their care and continuing to bring animals in need into the charity's care. Furthering education to the public in considering the welfare of animals, especially in the benefits of neutering.
Financial review
The charity created a deficit during the year of £37,008 (2023 - £27,173 surplus). The charity has invested in staffing and has therefore seen an increase in the wage bill. The vet bills are substantial and have increased in the year. They have also continued to invest and improve in the shelter provided for the animals within their care. The reserves carried forward at the year end are £242,204 (2023 - £279,212). These reserves will continue to be invested in the charity's activities.
The principal funds come from our charity shops and fundraising events promoting the efforts of the rescue.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report (incorporating the directors' report) was approved on 27 May 2025 and signed on behalf of the board of trustees by:
G Pearson Trustee
- 2 -
Greenacres Rescue Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Greenacres Rescue Limited
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of Greenacres Rescue Limited ('the charity') for the year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Evens & Co Ltd Chartered Accountants Independent Examiner
Hamilton House Hamilton Terrace Milford Haven Pembrokeshire SA73 3JP
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Greenacres Rescue Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2024
| Year ended 31 August 2024 | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 421,139 | 421,139 | 420,243 |
| Charitable activities | 6 | 213,104 | 213,104 | 203,642 |
| Investment income | 7 | 752 | 752 | 231 |
| Other income | 8 | 2,175 | 2,175 | 2,975 |
|
|
|
||
| Total income | 637,170 | 637,170 | 627,091 | |
|
|
|
||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other trading activities | 9 | 428 | 428 | 325 |
| Expenditure on charitable activities | 10,11 | 673,750 | 673,750 | 599,593 |
|
|
|
||
| Total expenditure | 674,178 | 674,178 | 599,918 | |
|
|
|
||
|
|
|
||
| Net (expenditure)/income and net movement in funds | (37,008) | (37,008) | 27,173 | |
|
|
|
||
| Reconciliation of funds | ||||
| Total funds brought forward | 279,212 | 279,212 | 252,039 | |
|
|
|
||
| Total funds carried forward | 242,204 | 242,204 | 279,212 | |
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 form part of these financial statements.
- 4 -
Greenacres Rescue Limited
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
| 31 August 2024 | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 16 | 324,326 | 345,367 |
| Current assets | |||
| Debtors | 17 | 56,369 | 55,128 |
| Cash at bank and in hand | 65,576 | 75,299 | |
|
|
||
| 121,945 | 130,427 | ||
| Creditors: amounts falling due within one year | 18 | (43,708) | (29,822) |
|
|
||
| Net current assets | 78,237 | 100,605 | |
|
|
||
| Total assets less current liabilities | 402,563 | 445,972 | |
| Creditors: amounts falling due after more than one year | 19 | (160,359) | (166,760) |
|
|
||
| Net assets | 242,204 | 279,212 | |
|
|
||
| Funds of the charity | |||
| Unrestricted funds | 242,204 | 279,212 | |
|
|
||
| Total charity funds | 22 | 242,204 |
279,212 |
For the year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 27 May 2025, and are signed on behalf of the board by:
G Pearson Trustee
The notes on pages 7 to 14 form part of these financial statements.
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Greenacres Rescue Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 August 2024
| Year ended 31 August 2024 | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Cash flows from operating activities | ||
| Net (expenditure)/income | (37,008) | 27,173 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 21,041 | 26,030 |
| Government grant income | (30,000) | (19,774) |
| Other interest receivable and similar income | (752) | (231) |
| Interest payable and similar charges | 8,906 | 9,209 |
| Changes in: | ||
| Trade and other debtors | (1,241) | 1,008 |
| Trade and other creditors | 13,561 | 3,081 |
|
|
|
| Cash generated from operations | (25,493) | 46,496 |
| Interest paid | (8,906) | (9,209) |
| Interest received | 752 | 231 |
|
|
|
| Net cash (used in)/from operating activities | (33,647) | 37,518 |
|
|
|
| Cash flows from financing activities | ||
| Proceeds from borrowings | (6,076) | (5,769) |
| Government grant income | 30,000 | 19,774 |
|
|
|
| Net cash from financing activities | 23,924 | 14,005 |
|
|
|
| Net (decrease)/increase in cash and cash equivalents | (9,723) | 51,523 |
| Cash and cash equivalents at beginning of year | 75,299 | 23,776 |
|
|
|
| Cash and cash equivalents at end of year | 65,576 |
75,299 |
The notes on pages 7 to 14 form part of these financial statements.
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Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Hamilton House, Hamilton Terrace, Milford Haven, Pembrokeshire, SA73 3JP, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
- 7 -
Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
- 8 -
Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Motor vehicles | - | 25% reducing balance |
| Fixtures, fittings and equipment | - | 25% reducing balance |
| Kennel project | - | 25% reducing balance |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
- 9 -
Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Defined contribution plans (continued)
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and therefore does not have any share capital.
The liability of the members in the event of the company being liquidated is limited to one pound per member.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 379,156 | 379,156 | 315,450 | 315,450 |
| Legacies | ||||
| Legacies | 11,983 | 11,983 | 85,019 | 85,019 |
| Grants | ||||
| Government grant income | 30,000 | 30,000 | 19,774 | 19,774 |
|
|
|
|
|
| 421,139 | 421,139 | 420,243 | 420,243 | |
|
|
|
|
|
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Shop income and online sales | 206,454 | 206,454 | 197,364 | 197,364 |
| Other income | 6,650 | 6,650 | 6,278 | 6,278 |
|
|
|
|
|
| 213,104 | 213,104 | 203,642 | 203,642 | |
|
|
|
|
|
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 752 | 752 | 231 | 231 |
|
|
|
|
|
| Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Rent income | 2,175 | 2,175 | 2,975 | 2,975 |
|
|
|
|
6. Charitable activities
7. Investment income
8. Other income
- 10 -
Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
9. Costs of other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Costs of other trading activities - Advertising | |||||
| and publicity | 428 | 428 | 325 | 325 | |
|
|
|
|
||
| 10. | Expenditure on charitable activities by fund | type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Activity costs | 671,427 | 671,427 | 597,402 | 597,402 | |
| Support costs | 2,323 | 2,323 | 2,191 | 2,191 | |
|
|
|
|
||
| 673,750 | 673,750 | 599,593 | 599,593 | ||
|
|
|
|
||
| 11. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | ||||
| directly | Support costs | 2024 | Total fund 2023 | ||
| £ | £ | £ | £ | ||
| Activity costs | 671,427 | – | 671,427 | 597,402 | |
| Governance costs | – | 2,323 | 2,323 | 2,191 | |
|
|
|
|
||
| 671,427 | 2,323 | 673,750 | 599,593 | ||
|
|
|
|
||
| 12. | Net (expenditure)/income | ||||
| Net (expenditure)/income is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 21,041 | 26,030 | |||
|
|
||||
| 13. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 2,325 | 2,194 | |||
|
|
||||
| 14. | Staff costs | ||||
| The total staff costs and employee benefits for | the reporting period are analysed | as follows: | |||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Wages and salaries | 198,259 | 164,424 | |||
| Employer contributions to pension plans | 3,299 | 2,599 | |||
|
|
||||
| 201,558 | 167,023 | ||||
|
|
- 11 -
Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
14. Staff costs (continued)
The average head count of employees during the year was 12 (2023: 10). The average number of full-time equivalent employees during the year is analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Number of staff | 12 | 10 |
|
|
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
16. Tangible fixed assets
| Fixtures, | |||||
|---|---|---|---|---|---|
| Freehold | fittings and | ||||
| property Motor vehicles | equipment | Kennel project | Total | ||
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 September 2023 and | |||||
| 31 August 2024 | 303,728 | 41,414 | 25,575 | 91,298 | 462,015 |
|
|
|
|
|
|
| Depreciation | |||||
| At 1 September 2023 | 18,224 | 23,180 | 13,778 | 61,466 | 116,648 |
| Charge for the year | 6,074 | 4,558 | 2,950 | 7,459 | 21,041 |
|
|
|
|
|
|
| At 31 August 2024 | 24,298 | 27,738 | 16,728 | 68,925 | 137,689 |
|
|
|
|
|
|
| Carrying amount | |||||
| At 31 August 2024 | 279,430 | 13,676 | 8,847 | 22,373 | 324,326 |
|
|
|
|
|
|
| At 31 August 2023 | 285,504 | 18,234 | 11,797 | 29,832 | 345,367 |
|
|
|
|
|
|
| Debtors | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Trade debtors | 864 | – | |||
| Other debtors | 55,505 | 55,128 | |||
|
|
||||
| 56,369 | 55,128 | ||||
|
|
17. Debtors
Included in other debtors is an amount of £nil (2023 - £nil) falling due after more than one year.
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Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
18. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts (secured) | 6,401 | 6,076 |
| Trade creditors | 25,390 | 16,307 |
| Social security and other taxes | 1,638 | 760 |
| Other creditors | 10,279 | 6,679 |
|
|
|
| 43,708 | 29,822 | |
|
|
The Triodos Bank UK Limited bank facilities are secured by a floating charge and a negative pledge, dated 21 May 2021, over the assets of the company.
19. Creditors: amounts falling due after more than one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts (secured) | 160,359 | 166,760 |
|
|
Included within creditors: amounts falling due after more than one year is an amount of £134,754 (2023: £142,455) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,299 (2023: £2,599).
21. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 30,000 |
19,774 |
- 13 -
Greenacres Rescue Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
22. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 | September | 20 | 31 | August 202 | |||
| 23 | Income | Expenditure | 4 | ||||
| £ | £ | £ | £ | ||||
| General funds | 279,212 | 637,170 | (674,178) | 242,204 | |||
|
|
|
|
||||
| At | |||||||
| 1 | September | 20 | At | ||||
| 22 | Income | Expenditure | 31 | August 2023 | |||
| £ | £ | £ | £ | ||||
| General funds | 252,039 | 627,091 | (599,918) | 279,212 | |||
|
|
|
|
Unrestricted income funds are general funds that are available for the use at the trustees' discretion in furtherance of the objectives of the charity.
23. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 324,326 | 324,326 |
| Current assets | 121,945 | 121,945 |
| Creditors less than 1 year | (43,708) | (43,708) |
| Creditors greater than 1 year | (160,359) | (160,359) |
|
|
|
| Net assets | 242,204 | 242,204 |
|
|
|
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Tangible fixed assets | 345,367 | 345,367 |
| Current assets | 130,427 | 130,427 |
| Creditors less than 1 year | (29,822) | (29,822) |
| Creditors greater than 1 year | (166,760) | (166,760) |
|
|
|
| Net assets | 279,212 | 279,212 |
|
|
24. Analysis of changes in net debt
| At 1 Sep 2023 | Cash flows | At 31 Aug 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand | 75,299 | (9,723) | 65,576 |
| Debt due within one year | (6,076) | (325) | (6,401) |
| Debt due after one year | (166,760) | 6,401 | (160,359) |
|
|
|
|
| (97,537) | (3,647) | (101,184) | |
|
|
|
- 14 -