Charity registration number 1188150
THE BEN RAEMERS FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE BEN RAEMERS FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees L Beg-Baloch F Bortoli S Crome R Mathieson Charity number 1188150 Principal address Flat 4 120 Gowers Walk LONDON E1 8GG Independent examiner John Warner FCA 4th Floor, Park Gate 161-163 Preston Road Brighton East Sussex BN1 6AF
THE BEN RAEMERS FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 12 |
THE BEN RAEMERS FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).
Objectives and activities
The charity's objects are to relieve the needs of people with mental health issues or those at risk of mental health issues. In particular but not exclusively those within the skateboarding community in the UK by:
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Providing educational resources to inform people about mental health issues.
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Providing training schemes for volunteers, the general public and service providing organisations, to raise awareness and increase the ability to assist those in need.
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Raising public awareness of mental health issues.
The overall aim of the foundation is to help prevent loss to suicide. We want to enable the skateboarding community to have opportunities to develop the skills and tools needed to support each other to understand and address mental health by:
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Creating social media content to raise awareness of mental health issues.
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Making films highlighting skaters’ personal journeys in mental health.
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Delivering suicide prevention training to skate teams and crews, managers, professional skateboarders, photographers and skate shops across the globe.
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By creating platforms and safe spaces for people to talk about mental health within the context of the skateboarding world. We are breaking down fears, improving knowledge and changing preconceptions and misgivings around mental health stigma and taboos.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Volunteers
The foundation considers the considerable fundraising activities from our networks a part of volunteering. The people who attend events and take part in training are also volunteering their time to advance the cause.
The Foundation is working on developing a volunteering offer for future delivery.
Achievements and performance
Significant activities and achievements against objectives
Despite the global pandemic which meant that we had to reevaluate our plans for delivery, the trustees see that the Foundation adapted and were able to deliver a range of achievements.
These include:
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Enabling access to learning about suicide interventions and awareness through delivering suicide prevention training to a broad range of people who are identified as part of the skateboarding community.
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Promoting positive awareness of mental health condones and theoretical perspectives through animations on our social media pages
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Enabling conversations around therapies and addiction through conversations and on engagement on our social media platforms
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Enabling access to learning around wellbeing from skateboarders via instagram live
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THE BEN RAEMERS FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Fundraising performance
The Foundation received continued support from the Vans Tide fund to enable the Counselling Pilot project, alongside Converse for the Checking-In series. Thrasher donated and held a photo gallery of Ben's skating achievements. There were numerous local community based events that raised awareness about mental health and suicide prevention, including the Annual Coping Festival.
Financial review
At the end of the financial period, the Foundation had £321,597 (2022 - £325,178) of unrestricted funds. These funds will go towards governance, delivery and organisational management costs and charitable spending in 2024.
Reserves policy
The Trustees maintain unrestricted reserves to a level that enable us to meet our future charitable objectives with a secure financial position. This will enable us to remain financially viable and maintain Ben’s legacy.
Principal funding sources
The Ben Raemers Foundation principal source of funding is from donations of individuals and corporates within skateboarding.
We have received generous donations from Skate brands including Keen, Vans/Tides, Thrasher and individual fundraising donations from the wider skateboarding community.
Major risks
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a charitable incorporated organisation governed by a constitution.
The trustees who served during the year and up to the date of signature of the financial statements were: L Beg-Baloch
F Bortoli
S Crome
R Mathieson
Recruitment and appointment of trustees
Appointment of charity trustees.
Every trustee must be appointed for a term of three years by a resolution passed at a property convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
The trustees' report was approved by the Board of Trustees.
..............................
S Crome
Trustee
Date: .............................................
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THE BEN RAEMERS FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BEN RAEMERS FOUNDATION
I report to the trustees on my examination of the financial statements of The Ben Raemers Foundation (the charity) for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable 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 financial statements to be reached.
John Warner FCA
4th Floor, Park Gate 161-163 Preston Road Brighton East Sussex BN1 6AF
Dated: .........................
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THE BEN RAEMERS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 3 74,988 20,158 Other trading activities 4 5,054 - Total income 80,042 20,158 Expenditure on: Raising funds Fundraising and publicity 5 12,446 1,750 Charitable activities Charitable activities 6 71,177 6,585 Total expenditure 83,623 8,335 Net income/(expenditure) and movement in funds (3,581) 11,823 Reconciliation of funds: Fund balances at 1 January 2023 325,178 13,727 Fund balances at 31 December 2023 321,597 25,550 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 95,146 141,597 35,789 5,054 5,142 425 100,200 146,739 36,214 14,196 4,351 29,750 77,762 9,791 44,204 91,958 14,142 73,954 8,242 132,597 (37,740) 338,905 192,581 51,467 347,147 325,178 13,727 |
Total 2022 £ 177,386 5,567 |
|---|---|---|
| 182,953 | ||
| 34,101 | ||
| 53,995 | ||
| 88,096 | ||
| 94,857 244,048 |
||
| 338,905 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE BEN RAEMERS FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2023
| Notes Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 12 Unrestricted funds 13 |
2023 £ 345,634 (1,530) |
£ 3,043 344,104 347,147 25,550 321,597 347,147 |
2022 £ 337,035 (2,646) |
£ 4,516 334,389 |
|---|---|---|---|---|
| 338,905 | ||||
| 13,727 325,178 |
||||
| 338,905 |
The financial statements were approved by the trustees on .........................
..............................
S Crome Trustee
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THE BEN RAEMERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
Charity information
The Ben Raemers Foundation is a charitable incorporated organisation.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE BEN RAEMERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% reducing balance Computers 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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THE BEN RAEMERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 69,195 - Grants 5,793 20,158 74,988 20,158 Grants Grant - Tides to raise awareness and reduce stigma of mental health in skateboarding - 20,158 Grant - Paypal Giving - - Other 5,793 5,793 20,158 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 69,195 101,525 - 25,951 40,072 35,789 95,146 141,597 35,789 20,158 - 35,789 - 40,072 - 5,793 - - 25,951 40,072 35,789 |
Total 2022 £ 101,525 75,861 |
|---|---|---|
| 177,386 | ||
| 35,789 40,072 - |
||
| 75,861 |
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THE BEN RAEMERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
4 Income from other trading activities
| Unrestricted Restricted funds funds 2023 2023 £ £ Fundraising events 5,054 - Expenditure on raising funds Unrestricted Restricted funds funds 2023 2023 £ £ Fundraising and publicity Advertising 3,666 - Other fundraising costs 8,780 - Staff costs - 1,750 12,446 1,750 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 5,054 5,142 425 Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 3,666 100 - 8,780 4,251 - 1,750 - 29,750 14,196 4,351 29,750 |
Total 2022 £ 5,567 |
|---|---|---|
| Total 2022 £ 100 4,251 29,750 |
||
| 34,101 |
5 Expenditure on raising funds
6 Expenditure on charitable activities
| 31st December | 31st December | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 25,750 | - |
| Depreciation and impairment | 1,473 | 1,503 |
| Consultancy services - suicide awareness and prevention | 34,150 | 38,723 |
| Training licences and support - suicide awareness and prevention | 4,230 | 3,161 |
| Support costs - Accountancy | 1,530 | 5,229 |
| Support costs - Printing, postage and stationary | 359 | 1,558 |
| Support costs - Computer and IT expenses | 1,412 | 112 |
| Support costs - Travel | 6,798 | 1,171 |
| Support costs - Subscriptions | 1,148 | 870 |
| Support costs - Rent | - | 775 |
| Support costs - Training | 410 | - |
| Support costs - Cleaning | - | 51 |
| Support costs - Bank charges | 502 | 842 |
| 77,762 | 53,995 | |
| Analysis by fund | ||
| Unrestricted funds | 71,177 | 9,791 |
| Restricted funds | 6,585 | 44,204 |
| 77,762 | 53,995 |
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THE BEN RAEMERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 7 | Net movement in funds | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Depreciation of owned tangible fixed assets | 1,473 | 1,503 | |
| 8 | Employees | ||
| The average monthly number of employees during the year was: | |||
| 2023 | 2022 | ||
| Number | Number | ||
| 1 | 1 | ||
| Employment costs | 2023 | 2022 | |
| £ | £ | ||
| Wages and salaries | 27,500 | 29,750 |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
| Fixtures and fittings Computers £ £ Cost At 1 January 2023 325 5,720 At 31 December 2023 325 5,720 Depreciation and impairment At 1 January 2023 98 1,431 Depreciation charged in the year 57 1,416 At 31 December 2023 155 2,847 Carrying amount At 31 December 2023 170 2,873 At 31 December 2022 226 4,290 |
Total £ 6,045 |
|---|---|
| 6,045 | |
| 1,529 1,473 |
|
| 3,002 | |
| 3,043 | |
| 4,516 |
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THE BEN RAEMERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
11 Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2023 £ - 1,530 1,530 |
2022 £ 1,260 1,386 |
|---|---|---|
| 2,646 |
12 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 Received in the year Resources expended in year Previous year: At 1 Received in the year Resources expended in year |
January 2023 Incoming resources Resources expended At 31 December 2023 £ £ £ £ 51,467 20,158 (8,335) 63,290 36,214 - - 36,214 (73,954) - - (73,954) 13,727 20,158 (8,335) 25,550 January 2022 Incoming resources Resources expended At 31 December 2022 £ £ £ £ 90,635 36,214 - 126,849 (39,168) (73,954) (113,122) 51,467 36,214 (73,954) 13,727 |
January 2023 Incoming resources Resources expended At 31 December 2023 £ £ £ £ 51,467 20,158 (8,335) 63,290 36,214 - - 36,214 (73,954) - - (73,954) 13,727 20,158 (8,335) 25,550 January 2022 Incoming resources Resources expended At 31 December 2022 £ £ £ £ 90,635 36,214 - 126,849 (39,168) (73,954) (113,122) 51,467 36,214 (73,954) 13,727 |
|---|---|---|
| 13,727 |
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 1 | January | Incoming | Resources | At 31 | |
|---|---|---|---|---|---|---|
| 2023 | resources | expended | December | |||
| 2023 | ||||||
| £ | £ | £ | £ | |||
| General funds | 325,178 | 80,042 | (83,623) | 321,597 |
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THE BEN RAEMERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 13 Unrestricted funds Previous year: At 1 General funds 14 Analysis of net assets between funds At 31 December 2023: Tangible assets Current assets/(liabilities) At 31 December 2022: Tangible assets Current assets/(liabilities) |
(Continued) January 2022 Incoming resources Resources expended At 31 December 2022 £ £ £ £ 192,581 146,739 (14,142) 325,178 Unrestricted Restricted Total funds funds 2023 2023 2023 £ £ £ 3,043 - 3,043 318,554 25,550 344,104 321,597 25,550 347,147 Unrestricted Restricted Total funds funds 2022 2022 2022 £ £ £ 4,516 - 4,516 320,662 13,727 334,389 325,178 13,727 338,905 |
(Continued) January 2022 Incoming resources Resources expended At 31 December 2022 £ £ £ £ 192,581 146,739 (14,142) 325,178 Unrestricted Restricted Total funds funds 2023 2023 2023 £ £ £ 3,043 - 3,043 318,554 25,550 344,104 321,597 25,550 347,147 Unrestricted Restricted Total funds funds 2022 2022 2022 £ £ £ 4,516 - 4,516 320,662 13,727 334,389 325,178 13,727 338,905 |
|---|---|---|
| Total 2023 £ 3,043 344,104 |
||
| 347,147 | ||
| Total 2022 £ 4,516 334,389 |
||
| 338,905 |
15 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties:
| Services received | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| R Mathieson | 611 | 170 |
| S Crome | 844 | 1,262 |
| 1,455 | 1,432 |
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