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.
Page 4
## **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:
1. accounting records were not kept in respect of Plastic Free North Devon as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the 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|
Page 11
## **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|
Page 12
## **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|
Page 13
## **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.|
Page 15
## **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|
Page 16
## **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|
Page 17
## **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