Charity registration number: 1182464
Plastic Free North Devon
Annual Report and Financial Statements for the Year Ended 31 December 2023
Plastic Free North Devon
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 19 |
Plastic Free North Devon
Reference and Administrative Details
Trustees A Charles Clee MBE (Resigned 31 March 2023) A Duffin H Ferguson L Strahan J Szymankiewicz E Reed Charity Registration Number 1182464 Principal Office Unit 6 Velator Way Velator Braunton EX33 2FB Independent Examiner Ian Huggett FCA Westcotts (SW) LLP 47 Boutport Street Barnstaple Devon EX31 1SQ
Page 1
Plastic Free North Devon
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023.
Structure, governance and management
Organisational Structure
The legal and administrative details are listed on page 1. The Trustees who served during the year are listed on page 1. The charity trustees are appointed by elected members at the AGM. The Charity is a Charitable incorporated organisation (CIO) registered in 2019.
Trustee Training
Trustees are provided with the necessary charity commission documentation on successful election and are provided training where necessary.
Governance, Internal Control and Risk Management
The Trustees have reviewed the major risks of the charity and have taken action and established systems which will mitigate any known risks. All policies and procedures are updated regularly.
Public Benefit
The Trustees of PFND have had regard and are aware of the Charity Commissions public benefit guidance when exercising their duties to which the guidance is relevant.
Objectives and activities
Charity Objectives
By working with local communities, businesses and organisations we aim to:
Tackle plastic pollution head on: Raising awareness, reducing consumption, clearing it away from our environment.
Inspire reconnection with nature.
Facilitate sustainable behavioural change.
By connecting people with their natural surroundings through experience and education; supporting sustainable behaviour change and promoting environmental action we hope to deliver a radical transformation towards a healthier relationship with the natural world.
Ocean Explorer Academy
Continued to develop and deliver our Ocean Explorer Academy programme in 3 schools to connect students to the nature right on our doorstep. With children at its heart, our flagship educational outreach project engages young people in our community to: - Make a CONNECTION with nature - Build a COMMUNITY of support - Take ACTION together
Page 2
Plastic Free North Devon
Trustees' Report (continued)
Ocean Explorer Outreach
Immersing young people and adults alike in our specially created footage of snorkelling with seals around Lundy Island, a rock pooling adventure, and a voyage down the River Taw and out to sea through community groups and local events. We use these experiences as a stepping board to elicit questions from curious minds and start to share ways in which we can shape our daily habits to be kinder to our environment. The aim is to connect individuals with the complex beauty on our doorstep and inspire them to want to protect it.
Visitor Campaign
Inspiring visitors to North Devon to Protect our Playground by engaging holiday accommodation providers on how to have a less impactful holiday. We install Toy Libraries on North Devon beaches, worked with 2 larger holiday accommodation providers on how they use our campaign and ran a communications campaigns to engage visitors to the area.
Repair Cafes
Working to sustain and grow our Repair Café Network in 5 locations across the area: Barnstaple. Braunton, Landkey and Ilfracombe. Each café helps people repair and reuse items (textiles, electrical, mechanical, toys, bikes and much more) with volunteers skills in order to help communities create resilience to the climate crisis.
The Plastic Free Water Bar
A bespoke water bar providing an alternative to plastic water bottles at events.
Volunteering
We have a strong team of core volunteers who help keep our charity running.
Events
As well as attending events with our education stand and Water Bar we organise our own events e.g. film nights.
Education
We have built long-lasting partnerships with schools and colleges and deliver assemblies as well as supporting policy changes in schools and seeing the effect rippling out into the wider community.
Cleanse and Clean
We regularly organise community cleans under our Cleanse and Clean banner, with the local community using data collected to inform national surveys such as the Marine Conservation Society and Surfers Against Sewage, including a Day of Action on the last weekend of January.
PFND Website/Directory
Our website is a go to for the local community (businesses and people) to find out how to get involved and how to reduce their plastic footprint.
Page 3
Plastic Free North Devon
Trustees' Report (continued)
Achievements and performance
Repair Cafes
Held 30 Repair Cafes in 5 locations repairing over 424 items
Cleanse and Clean community cleans
Organised 24 cleans with 711 volunteers collecting 2193 kilos of waste.
Volunteers
1013 volunteers spent 2358 hours working across all PFND activity
Education
Ran 41 Ocean Explorer Academy sessions taking 110 selected secondary school pupils through the programme. Delivered 29 educational talks and session in the community.
Campaigning
Passed a Parish Council Motion to support making Braunton a single-use cup free village.
Financial review
PFND has had a successful year with some substantial grants and sponsorship.
This has left the charity in a very good financial position and we have continued to receive support from the local community and partnerships we have made.
At the end of the financial year, we have £74,460 in the bank and in cash.
Reserves policy
The Trustees policy for holding reserves is to maintain 6 months of running costs. As at the year end, there was unrestricted reserves of £42,572 (2022: £68,159), which is equivalent to over 7 months of unrestricted expenditure.
During the year, the Trustees designated the Investment in Croyde Ocean Ltd and Twin Moors Limited and the Fixed asset fund. The total of designated funds at the year end is £40,232 (2022: Nil).
Restricted reserves were £20,099 (2022: 30,232).
Principle Source of Funds
The Croyde Ocean Triathlon which we purchased late in 2022 has proved to be a successful fundraising venture for us and we will build on that in 2024. The success of the Exmoor Open Water Swim remains to be seen after a disappointing first year.
Fundraising through events, raffles and activities.
An ongoing programme of grant applications.
We are building on our business sponsorship programme to help secure a sustainable source of income into the future.
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Plastic Free North Devon
Trustees' Report (continued)
Plans for future periods
The Trustees continue to seek new Committee Members to promote the growth of the Charity.
The Charity remains committed to promoting and publicising the Charity to create greater public awareness of the Charity's aims and achievements to date.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the
trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
18/3/24 The annual report was approved by the trustees of the charity on .................... and signed on its
behalf by:
.........................................
L Strahan
Trustee
Page 5
Plastic Free North Devon
Independent Examiner's Report to the trustees of Plastic Free North Devon
I report to the trustees on my examination of the accounts of Plastic Free North Devon for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of Plastic Free North Devon 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 Plastic Free North Devon's accounts carried out under section 145 of the 2011 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:
-
accounting records were not kept in respect of Plastic Free North Devon as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
...................................... Ian Huggett FCA
Westcotts (SW) LLP 47 Boutport Street Barnstaple Devon EX31 1SQ
19 March 2024
Page 6
Plastic Free North Devon
Statement of Financial Activities for the Year Ended 31 December 2023
| Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Total income Expenditure on: Raising funds Charitable activities Other expenditure Total expenditure Gains/losses on investment assets Net income/(expenditure) Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 75,514 1,583 23,132 100,229 (1,189) (71,010) (1,400) (73,599) (12,807) 13,823 822 14,645 68,159 82,804 |
Restricted funds £ 23,451 - - 23,451 - (32,762) - (32,762) - (9,311) (822) (10,133) 30,232 20,099 |
Total 2023 £ 98,965 1,583 23,132 123,680 (1,189) (103,772) (1,400) (106,361) (12,807) 4,512 - 4,512 98,391 102,903 |
Period from 1 April 2022 to 31 December 2022 107,462 1,659 10,002 |
|---|---|---|---|---|
| 119,123 | ||||
| (4,805) (58,477) (1,200) |
||||
| (64,482) - |
||||
| 54,641 - |
||||
| 54,641 43,750 |
||||
| 98,391 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 16.
The notes on pages 9 to 19 form an integral part of these financial statements. Page 7
Plastic Free North Devon
(Registration number: 1182464) Balance Sheet as at 31 December 2023
| Note Fixed assets Tangible assets 10 Investments 11 Current assets Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Designated funds General funds Total unrestricted funds Total funds 16 |
2023 £ 4,132 36,100 40,232 528 74,460 74,988 (12,317) 62,671 102,903 20,099 40,232 42,572 82,804 102,903 |
2022 £ 4,429 48,100 |
|---|---|---|
| 52,529 | ||
| 7,608 46,855 |
||
| 54,463 (8,601) |
||
| 45,862 | ||
| 98,391 | ||
| 30,232 - 68,159 |
||
| 68,159 | ||
| 98,391 |
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 19 March 2024 and signed on their behalf by:
......................................... L Strahan Trustee
The notes on pages 9 to 19 form an integral part of these financial statements. Page 8
Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Plastic Free North Devon meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Page 9
Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Equipment 25% Reducing balance
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 10
Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Donations Donations Grants Grants Donations Donations Grants Grants Sponsorship Sponsorship 3 Income from charitable activities Other income |
Unrestricted funds £ 40,514 35,000 75,514 Unrestricted funds General £ 31,436 20,500 2,500 54,436 |
Restricted funds £ - 23,451 23,451 Restricted funds £ - 53,026 - 53,026 Unrestricted funds £ 1,583 |
Total 2023 £ 40,514 58,451 |
|---|---|---|---|
| 98,965 | |||
| Total 2022 £ 31,436 73,526 2,500 |
|||
| 107,462 | |||
| Total 2023 £ 1,583 |
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Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
| Merchandise Talks Body board hire 4 Income from other trading activities Shop income SBR sales Events Shop income SBR sales Events |
Unrestricted funds £ 370 1,080 209 1,659 Unrestricted funds £ 1,345 9,927 11,860 23,132 Unrestricted funds £ 944 5,144 3,914 10,002 |
Total 2022 £ 370 1,080 209 |
|---|---|---|
| 1,659 | ||
| Total 2023 £ 1,345 9,927 11,860 |
||
| 23,132 | ||
| Total 2022 £ 944 5,144 3,914 |
||
| 10,002 |
5 Expenditure on raising funds
a) Costs of generating donations and legacies
| Direct costs Direct costs |
Unrestricted funds £ 1,189 Unrestricted funds £ 4,805 |
Total 2023 £ 1,189 |
|---|---|---|
| Total 2022 £ 4,805 |
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Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
6 Expenditure on charitable activities
| Charitable activities Charitable activities |
Unrestricted funds £ 72,410 Unrestricted funds £ 42,520 |
Restricted funds £ 32,762 Restricted funds £ 17,157 |
Total 2023 £ 105,172 |
|---|---|---|---|
| Total 2022 £ 59,677 |
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs Other staff costs |
2023 £ 69,405 1,392 4,003 74,800 |
2022 £ 47,074 1,026 1,714 |
|---|---|---|
| 49,814 |
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Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2023 No Number of staff 2 No employee received emoluments of more than £60,000 during the year 9 Independent examiner's remuneration 2023 £ Examination of the financial statements 1,400 10 Tangible fixed assets Equipment £ Cost At 1 January 2023 7,570 Additions 1,084 At 31 December 2023 8,654 Depreciation At 1 January 2023 3,141 Charge for the year 1,381 At 31 December 2023 4,522 Net book value At 31 December 2023 4,132 At 31 December 2022 4,429 11 Fixed asset investments 2023 £ Other investments 36,100 |
2023 No Number of staff 2 No employee received emoluments of more than £60,000 during the year 9 Independent examiner's remuneration 2023 £ Examination of the financial statements 1,400 10 Tangible fixed assets Equipment £ Cost At 1 January 2023 7,570 Additions 1,084 At 31 December 2023 8,654 Depreciation At 1 January 2023 3,141 Charge for the year 1,381 At 31 December 2023 4,522 Net book value At 31 December 2023 4,132 At 31 December 2022 4,429 11 Fixed asset investments 2023 £ Other investments 36,100 |
2023 No Number of staff 2 No employee received emoluments of more than £60,000 during the year 9 Independent examiner's remuneration 2023 £ Examination of the financial statements 1,400 10 Tangible fixed assets Equipment £ Cost At 1 January 2023 7,570 Additions 1,084 At 31 December 2023 8,654 Depreciation At 1 January 2023 3,141 Charge for the year 1,381 At 31 December 2023 4,522 Net book value At 31 December 2023 4,132 At 31 December 2022 4,429 11 Fixed asset investments 2023 £ Other investments 36,100 |
2022 No 2 |
|
|---|---|---|---|---|
| 2022 £ 1,200 |
||||
| Total £ 7,570 1,084 8,654 3,141 1,381 4,522 4,132 4,429 2022 £ 48,100 |
||||
| 8,654 | ||||
| 3,141 1,381 |
||||
| 4,522 | ||||
| 4,132 | ||||
| 4,429 | ||||
| 2023 £ 36,100 |
Page 14
Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Other investments
| Cost or Valuation At 1 January 2023 Additions Impairment At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 |
Investments £ 48,100 807 (12,807) 36,100 36,100 48,100 |
Total £ 48,100 807 (12,807) |
|---|---|---|
| 36,100 | ||
| 36,100 | ||
| 48,100 |
Details of undertakings
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:
Sustainable Business Resource was not owned in 2022.
| Country of | Proportion of voting | Proportion of voting | Principal | ||
|---|---|---|---|---|---|
| Undertaking | incorporation | Holding | rights and shares held | activity | |
| 2023 | 2022 | ||||
| Subsidiary undertakings | |||||
| To support |
|||||
| and | |||||
| encourage | |||||
| The Sustainable Business Resource CIC Unit 6 Velator Way, Velator, Braunton, England, EX33 2FB |
United Kingdom | Ordinary Shares |
100% | 0% | Small and Medium Sized Enterprises (SME's) to improve sustainability |
| throughout | |||||
| their | |||||
| business. | |||||
| Twin Moors Ltd Unit 6 Velator Way, Velator, Braunton, Devon, EX33 2FB |
United Kingdom | Ordinary Shares |
100% | 100% | To provide other sports activities. |
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Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Croyde Ocean Events Ltd To provide Ordinary Unit 6 Velator Way, United Kingdom 100% 100% other sports Shares Velator, Braunton, activities Devon, EX33 2FB
The loss for the financial period of The Sustainable Business Resource CIC was £72 (2022 - £Nil) and the aggregate amount of capital and reserves at the end of the period was £72 (2022 - £Nil).
The profit for the financial period of Twin Moors Ltd was £Nil (2022 - £(2,276)) and the aggregate amount of capital and reserves at the end of the period was £2,157 (2022 - £2,174).
The profit for the financial period of Croyde Ocean Events Ltd was £180 (2022 - £18,285) and the aggregate amount of capital and reserves at the end of the period was £170 (2022 - £24).
12 Debtors
| Trade debtors Prepayments Other debtors 13 Cash and cash equivalents Cash on hand Cash at bank |
2023 £ 50 478 - 528 2023 £ 384 74,076 74,460 |
2022 £ 7,025 579 4 |
|---|---|---|
| 7,608 | ||
| 2022 £ 293 46,562 |
||
| 46,855 |
14 Creditors: amounts falling due within one year
| 14 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other loans Other taxation and social security Other creditors Accruals |
2023 £ 672 7,500 1,333 212 2,600 12,317 |
2022 £ 114 - 875 5,632 1,980 |
| 8,601 |
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Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
15 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,392 (2022 - £1,026).
16 Funds
| Unrestricted funds General General Funds Fixed asset fund Designated Investment in Croyde Ocean Ltd and Twin Moors Ltd Fixed asset fund Total unrestricted funds Restricted funds Education IT Equipment Repair Cafe Total funds |
Balance at 1 January 2023 £ Incoming resources £ Resources expended £ Transfers £ Other recognised gains/(losses) £ Balance at 31 December 2023 £ 67,750 100,229 (73,599) (51,808) - 42,572 409 - - (409) - - 68,159 100,229 (73,599) (52,217) - 42,572 - - - 48,907 (12,807) 36,100 - - - 4,132 - 4,132 - - - 53,039 (12,807) 40,232 68,159 100,229 (73,599) 822 (12,807) 82,804 29,139 2,000 (30,210) - - 929 1,093 - (271) (822) - - - 21,451 (2,281) - - 19,170 30,232 23,451 (32,762) (822) - 20,099 98,391 123,680 (106,361) - (12,807) 102,903 |
Balance at 1 January 2023 £ Incoming resources £ Resources expended £ Transfers £ Other recognised gains/(losses) £ Balance at 31 December 2023 £ 67,750 100,229 (73,599) (51,808) - 42,572 409 - - (409) - - 68,159 100,229 (73,599) (52,217) - 42,572 - - - 48,907 (12,807) 36,100 - - - 4,132 - 4,132 - - - 53,039 (12,807) 40,232 68,159 100,229 (73,599) 822 (12,807) 82,804 29,139 2,000 (30,210) - - 929 1,093 - (271) (822) - - - 21,451 (2,281) - - 19,170 30,232 23,451 (32,762) (822) - 20,099 98,391 123,680 (106,361) - (12,807) 102,903 |
|---|---|---|
| 42,572 | ||
| 36,100 4,132 |
||
| 40,232 | ||
| 82,804 | ||
| 929 - 19,170 |
||
| 20,099 | ||
| 102,903 |
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Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
| Unrestricted funds General General Funds Fixed asset fund Restricted funds Communications & Marketing Education IT Equipment Triathlon & Swim Visitor Campaign Total funds |
Balance at 1 January 2022 £ 38,978 - 38,978 - 2,335 - - 2,437 4,772 43,750 |
Incoming resources £ 66,097 - 66,097 1,350 31,154 1,522 10,000 9,000 53,026 119,123 |
Resources expended £ (47,325) - (47,325) (1,350) (4,350) (20) - (11,437) (17,157) (64,482) |
Transfers £ 10,000 409 10,409 - - (409) (10,000) - (10,409) - |
Balance at 31 December 2022 £ 67,750 409 |
|---|---|---|---|---|---|
| 68,159 | |||||
| - 29,139 1,093 - - |
|||||
| 30,232 | |||||
| 98,391 |
Unrestricted funds are used to further the objects of the charity, but are subject to no restrictions on their use within those objects.
Restricted donations and grants have been given for the use towards the costs of the ambassadors and towards the staff costs in relation to certain projects.
Page 18
Plastic Free North Devon
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
17 Analysis of net assets between funds
| Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets |
Unrestricted funds £ 4,132 - 54,889 (12,317) 46,704 Unrestricted funds £ 4,429 - 24,231 (8,601) 20,059 |
Designated £ - 36,100 - - 36,100 Designated £ - 48,100 - - 48,100 |
Restricted funds £ - - 20,099 - 20,099 Restricted funds £ - - 30,232 - 30,232 |
Total funds at 31 December 2023 £ 4,132 36,100 74,988 (12,317) |
|---|---|---|---|---|
| 102,903 | ||||
| Total funds at 31 December 2022 £ 4,429 48,100 54,463 (8,601) |
||||
| 98,391 |
18 Related party transactions
During the year a connected company made donations to the Charity totalling £7,600.
During the year another connected company paid £900 to the Charity for legal advice costs.
Page 19