Charity regisbation niiinber.. 1189151 WMVS Children in Care Foundation CIO Annual Report and Finan¢ial Statements for the Year Ended 5 April 2024 WMVS r.hildren in Care
WMVS Children in Care Foundation CIO Contents Reference and AdmiiilstratvC Details Trustees, Report 2to5 Independent Examine15 Report Statement of FinancEal Activities Balance Sheet Notes to the Financial Statements 9t0 16
WMVS Children in Care Foundation CIO Reference and Administrative Details Chair M Stiles Trustee5 M Stiles S BurnagE J Chick L Gill J Green J Kelly D Moorey A Oliver-Adams S RiveTS M Salter L M Siniih E Thomas A R Wiight 1189151 Charlty Registration Number Principal Office clo Office Suite I Shi'ieves Walk Stratford-upon-Avo Wai'wickshire CV37 6GJ Independent Examiner CBSL Accountants Limited Chartered Accountant Rowan House North The Professional Quaitci. Shiewsbury Business Park Shi'ewsbury Shi'tspshiye SY2 6LG Page I
WMVS Children in CAre Foundation CIO Truste¢s' Report The trustees present the annual r¢port togeiher witli the financial Statements of the charity for the year cnded 5 Apj'il 2024. Structure? governance and management Nuliire ofgovgriiiiig doeiiiiiepil The charity was registei'ed with tl)e Charity Commission as a charitable incorpoi7ted organisation on 21 April 2020 and is govemed according to its constitution. The meinbers of th¢ Charity have no liability to contribute to the Charity's assets if the CIO is wound up and have no personal IEsponsibility for settling its d¢bts and liabÉlities. Recriiilnienl oiid llppoliiiiiieiil oflriislees As set out in the constitution, there musi be at least five Charity Ti'ustees. At every annual general meeting of the Inembers, one third of the Trustees shall retllr fi.osn office bui will be eligible for reappoinknnent. Each new T&'ustee will Teceive a copy of the Constiti1)n and the latest annual report and statement of accounts prior to tlieir appointinent. Truste¢5 alld offieeT5 The trustces and officers serving during the year and since the year end were as follows: Trustees.. M Stiles (appointed 17 Ociobei. 2023) S Biiinage (appointed 12 De¢¢inber 2023) J Chick (appointed 12 DecembET 2023) L Gill (appointed l April 2024) J Giren {appofftted 12 December 2023) J Kelly A Lawrence (resigned I l October 2023) D Moorey A Olivei'_Adains S RiveT5 M Salter L M Sinith E Thoma5 (appointed 18 July 2023) A R Wright Page 2
WMVS Children in Care Foundation CIO Trustees, Report (continued) Objeetives and activities Objecls ftiF115 The object{s) Df the CIO aie.. l. to act as a resouire for young people within the public care systeTn across (but ntst excliisively) the West Midlands legion including (but witl)out liinitatioii) by providing advice and assistance and orgajiising educational prograinmes and otlier atlivities as a means of.. (a) advancing ui life and helping young people within tho public cal'e system by developing their skills, capacities and capabilitEes to enllble theill to participate iii society as depeTrdellt. Inature lind r¢%pnn8ible individuals. (b) advancing education by pi'oviding ttccess to an extended educational pi'ogramme, educational tastei. sessions and activities. including (but not exclusively) arts and cultural activitie5. and (¢) providing support, training and personal development opportunitRES lo build aspirations and develop the iELdependen¢e and entrepreneurship of young people. 2. the proinotion of social inclusion lor the public benefit ainong5t young people who 2re within, or have experienced the public ¢ai'e systtm, who are socially excluded by (but without limitation).. (a) helping 50¢ially excluded peoplc ovcrcoine inequality and disadvantage arising as a Tesult of those people being in, or having expcricnccd, thc public care system,. alld (b) promoting equality of apportynitics by pi"oviding the young people with educational opportuTrities to allow them to have the same chances to obtain qwdlifitations and have successful future careers as those that are not in or expeiienced the publi¢ care system. "Socially excluded meaning being excluded from society, or parts of so¢iety. as a r¢sulÉ of being within the public c&re system. Objecllves, slrulegles fiiid ¢icliviligs The Charity was established to enabl¢ children in eare and care leavers to pursue their wider curricular interests and ainbitions. Trustees are coinniitted to offei'ing a prog1'art¢ that actively pron)otes and suppoi'ls the ediiLRtion of children that are, or who have been, in care to one of the fourteen West Midlands local authoriiies. ensuring ihat our progra]niJes. events and activities are accessible to all oui. childr¢n and yoiing people JEgardless of whtre they reside. The WMVS Cic Foundation supports in excess of I 1,000 caie expei'ienced childi'en plld young people, their corers, paiEnts And families and links closely with many groupsi agencies, whool and so¢ial tare professionals. There is an arts, eultui'al opportunities, 5POIt and education support dimension to the cha¥ity'5 offer. Tlie aim is to opcn up n¢w opporrunities to childien care and raise their awareness of exciting and som¢tiines daunting opportunities th3t they have not experieiiced before. The arts progrnmime, via local coordinatoi's, supports the 14 West Midlands Virtual Schools to work together to develop a Itgional arts and cultural offer foi. all ehildi'en and young people in care, theÈr cai'ers and foster familie5 acr05S the l'egion. The pt'ograinine includes singing projects, theatre visits, photogiaphy, aniination, video recording and music production. There has also been a seiies of workshops with profeI0nal presenters followed by a Q and A se5SiOD fociising on training and .job opportunities. introduction to TV actiThg, mak¢-up aTEd PTosihEtics. nail art, behind-the-sceiies camei'a fibn, driiiDming and DJ WDrkshop5. The theatre V15its to Hainiltun and the Wizard of Oz also included a post perfomiance meeting the cast and crew opportunity. Page 3
WMVS Children in Care Foundation CIO Trustees, Report (continued) Objeetivcs, stralegaes and activltles (continued) Working in partnership with sports profession&ls fi'oin across the region, WMVS Children in Care f4oundation is delivei.ing spoitiiig events and workshops that Spark an iiiterest ii) sport and physical activity, to develop the lifelong skills embedded within young people. In June 2023, WMVS Cic Foundation hosted its second annual conference, which i(x)k place live it] Birniirtghain, and included updates on the Aits, Sports and Lei.8 prograi#ines and netwoi'king workshops that addressed oppoi'tunities suj'i'ounding tile support of scliools and, particularly, Children in cair. The event liosted keynote speaker Mark Finnis and workshops led by each of tlie fouileen local aiithorities. In July 2023, WMVS Cic Foundation held its fiiEt de5ignatEd ttachei'5 conference in Fliiiningham. Kcyt)otc speakers were Andy and Matt Sinith froin Smash Life and Louise BlackbuTn from Challenging Education. There wa5 a150 a pei'foi'inance led by yoiing people and Vainos Theatre during the conference. NoveTnber 2023. Woinen & Theatre held a final celebration by 5howca5ing the filin premiere of their work with young people across the region. In th¢ yeai, the Trustees also ntrodced the Arts Mark scheme tg 5¢Yeral selected schDols, with support from onsultattt5 fatniliar with the progi'amme. Publlc beiiefil WNIVS Ctc Foundation aiills to improvE educational outcoines for care experienced children by working with our partners and commissioning training to ensure that the educational needs of looked after and previously looked after children are better uDderstood across the West Midlands region. The trustees coiifirin that they have complied with the requireineiits of section 17 of the Charities Act 2011 to have due i'egard tD the pllblic benefit guidance published by the CharEty Coinmission for Englalld and Wales. Financi31 reyieiv The Charity iyceived grants fro7 the University of Wolverhainpton Soc5al Enterpi'ises of £11,500 (2023 £58,250) to deliver the Arts Conneti programine. Subscrsptions of £160,295 (2023 £115,293) were i'eceived fi'otn Local Authoi'ities within th¢ West Midlands l'egion to deliver the prograini¢ of Arts, Cultural Bv¢nts, Sports, Annual Confeience 8nd Woi'kshops. In addition the Charity held the De5ignaied Teachers, Conference generating ineome of £63,000 (2023 - £nil). During the year the Charity incurTed expenditure of £262,J47 {2023 £189,343), of which £224,601 {2023 £134,416) related to directly delivering its charitable activities through the prograsnme of Arts, Cultui'al. Sport and Educational Events and its confri'ences. As at 5 April 2024 the Charity had unrestricted reserves of £80,951 (2023 - £107,682}. Policy oil reserves The Trustees recogni5e the need for a reason8ble level of finoncial reserves in order to pi'otect the Charity from the 5)ossibility of any adverse or unforeseen cii'cuinstan¢es that could arise. Uni'estricted reserves at 5 April 2024 enable the Charity to contittue to deliver its chai'itable activites for at Isast a further 12 Inonths in the event that ihei'e was a sigllificant drop in income. The Ti'ustees are taking 8ppropriate stcps over the next financial year to maintain the level of these rESerV tD Ineet the future needs of the Chai'ity. Page 4
Ws Children in Care fioundatlon CIO Tru5tees' Report (¢ontillued) Statement of Trllatees, Rtsponslbllltle$ Tlie ti'uslees air re51)oiisible for i)rcparing tbe tni$tees' Yeport and the finarLC5al stat¢m¢LIts in accoxdaiice with the United Kingdon) Accounting Standards (United Kingdom G¢Ji¢rally Accepted A¢wunting Praotice) and applicable law and regulatio1. Thc law applicable to charities requires the tt'u5te¢s to prepare fiiiallcial statement$ foi. each th)ancial year wliich give a true atsd fail. view of the 5ts¢¢ of affairs of the ehajity ond af the iucomhng Tesourccs and api)lication of resources of the Gharity for that period. In PL¢pariiig Ih¢se fthnancial statements, t1 trust¢cs are IrquiLed tD'. selECt Suitable acwunÈing poliGiES and th1 apply them ¢oi)sist¢ntly,' observe the mcthods and principle5 In the Cha¥i¢ies SORP., make judgemellts and esti]nate5 that ar¢ reasonable and prudcnt. state whether applicable a¢coullting standards h&v6 beett followcd, subject to any i)Jat¢rial depaitL)res disclosed aiid explaiiied in the finan¢iiil StateIn)I5- and pi'epare the finanoial 51at¢ments on the going contenj b&sis uiiless it is inappropriate lo presume that the charity will ¢oJJtimie in lSiness. Tlie ttustees are reSpO2]ble for keeping pi'oper accouDtiMg records that disclosc with r¢ason3bl¢ accvracy at lY time the finai)cial positioii of the charity and enable them to lSUre that the fitiancial statenieiits ¢oii)ply with the Chaj'ities A¢t 2011, the Charities IA¢counts and RepoTls} Rttgulations 2008, and the piovision$ of tb¢ constitution. The tFUStees ai'¢ also responsible for safeguarding the assets of th¢ charity and hence for taking reasollable steps for the pr¢venlioD and detection of fraud and other inEgutarities. Th¢ trnstees arc T6SPt>115ible for the m&iiiteoance integrity of the cotpordte and flnancial it]fotmalio InClded on the charitable ¢ompany's website. Legislation goveiThing th¢ prcpaTatJon and dissemination of financial statements i1Y diffcr from legislation IEI other jurisdictions. The aijnual reptkrt was approved by the trustees of the chaiity on.11 . and signed on its behalf by.. M Stiles Chairn)8n aiid trustee Page 5
WMVS Children in Care Foundation CIO Independenl Examiner's Report to the trustees of WMVS Children in Care fl oundation cio I rcport to the trustees on Iny exEnatIOft of the accounts of WMVS Children in Care Foundation CIO for Ilie year cndcd 5 April 2024. Responsibilltles and basis of report As the chai'ity trustees of WMVS Children in Cal'e Foundation CIO you are responsible foi. the preparatioll of the accounts aeeordance with the TrquiJEn3ettts of she ChaTlties Act 2011 ('the Act,). l i'¢rt in respect of iny examination of the WMVS Children in Cair Foundation CIO'S accounts carried out Linder section 145 of the 2011 Act and in cariying out my exaininalion I have followed all the applicable Directions given by the Charity Cuininission under section 145{5)(b) of the Act. Independent examiiier'5 5tatenLtfftt I have completed my exainination. I confinn that no material inatters have come to my attention in connect50n with the exaTnination giving me cause to believe that in aiiy Inaterial respect.. l. accounting records were not kep( in respect of WMVS Children in Care Foundation CIO as required by sect&on 130 of the Act- oi. 2. the accounts do not accord with Ehose re¢oi'ds- or 3. the accounts do not comply with thc accounting requirements concerning the forin and ¢ollterEt of dLCOUiIts set out in the CharitlE5 (Accounts and Rcporisl Regulatioiis 2008 other than any requir¢ment that the accounts give a 'trlle and fail. view which is not a matter considered as part of an independent examinatio. I have no con¢erns and have acj'oss no othei. Inattei's in contlection with tl)e examination to which attention should be dTawn in this report in ojder to ellable a proper w]der5tanding of the accollnts to be reached. LJOsscL h4rs L J Osselton FCA Chartered Accountant ICAEW Rowan Hollse North l The Prafc.%sional Quarter Shrew8hury Bus¥ness Park Shrew.%hury ShrDpshire SY2 6LG Dale:.. Page 6
WMVS Children in Care fioulldation CIO Statement of Financial Activiti¢s for the Year Ended 5 April 2024 Uiiresti'icled fun(Js Total 2024 Note Income and Endowments frorn.. Donatioiis. legacies and grants Charitable activities Investment incoine 11,500 223.295 823 11,500 223.295 823 Total income 235,618 235,618 Expenditure on: Chai'itabl¢ g¢tivitses 1262,347) (262,347) Total expenditure Net expenditure Net moveinent in fvnds 262,347 {262,347) 26,729 (26,729) {26,729} {26,729) Reeonciliation of funds Total funds brought forward 107,682 107,682 Tolal funds carried forward 15 80,953 Unj'estrieted fulld5 80,953 Total 2023 Note Income and Endowments from., Donations. legacies and Lants Chai'itable activities InvesttnEnt kThcorne 58,250 115,293 240 58,250 115.293 240 Total income 173,783 173,783 Expenditure on: Chariiable activitie$ 189,343) (189,343) Total expenditUi'E Net expendire Net inoveinent in funds 189,343) 189,343} (15,560 115,560) (15,5601 (15,560) Reconciliation offunds Total funds brought forward 123.242 123,242 Total funds carried forward 107,682 107,682 All of the Charity's activities derive from coiitinuing operations dui'ing the above two periods. The fiinds bre&kdown for 2023 is shown in note 15. The notes on pages 9 to 16 form an integral part of these financial stfttemcnts. Page 7
WMVS Children Care Foundgtion CIO {Registi'ation iiumber: 1189151} Balauce Sheet as at 5 April 2024 2024 2023 Note Current aS5et5 Debtors Casli at baT]k atmt in hand 12 13 38,321 183,050 101.770 234,S28 221,371 336.298 Credltors: Amoiints falling due iyithln on¢ year 14 {140,418) (228,616 Net a$sets 80,953 107,682 Fuiids of the charity: UEl1'trIcttd income fiinds Unrestricted fimds 80,953 107,682 Totxl funds 15 80.953 107.682 Th fi ancial statements on pages 7 to 16 were approv¢d by the trust¢es, and authorised for iswe M Siile$ Chairnian 2nd twstee Th¢ Dotes on pagcs 9 to 16 fonn att iiitegtal parl of these finatscial statei)J¢nts. p¢8
WMVS Children in Care Foundation CIO Notes to the Financial Statements for the Year Li nded 5 AprAI 2024 l Aecouiiting polleies Stalernent of eompliaiice The financial statements have been piEpad in ttecoi'dance with the second edition of the Ch8riti¢s Statement of Recommended Practice i55ued in October 2019, the Financial Reporting Standard applic3ble in the United Kingdom and R¢public of Ireland (FRS 102) and the Charities A¢1 2011. Basis of prep2rgtion WMVS Children in Care I,oiindation CIO mccts the definition of a public benefit entity undei. FRS 102. The accollThts (financial statem¢nts) have been prepared under the historical cost convention with iteins recggnised at cost or transaction value unles5 Otherwise stated in the relevant note(s) to these aceounts. Going concern The ti'ustees cortsider that there are no material uncertainties About the charitys ability to continue as a going concei'n. llleo]ne and endoivments Voluntaiy income including donations, gifts, legacies granis that provide coj'e ndIng or are of a general nature is recognised when the charity has entiileinent to the income, it is probable thai the income will be received and the amount can be m¢asured with Sufficient reliability. Groilts ree*lvftbl£ Grants are recognised M,hen the charity has an entitleinent to the filnds and any Conditions linked to the grants have been met. IlThere pcyforinartcc conditions are attached to the grant and are yet to be inet, the incoine is recowised a5 a liability and included on the balance sheet as deferred incoine to be released. DeAerr¢d liieoiiie Deferred ti)¢ome Irpresents amounts received for future pei'iods and is iEleasEd to incoining resour¢es Èn the period for which, it has been recetved. Such incoine is only deferred when-. The donor specifies that the grant oi. donatiot) Jnust only be used in futiii'e accounting pei'iods,. oi. Th¢ donor has imposed ¢onditions which Inust be Inet before the charity has unconditional entitl¢met)t. CIIuTilftble rteilviiles In¢oitte from chai'itable activities is I'ecognised when the charity bEcomes tntitled to tlie resources, the trustees are virtually certain they will receive the resouTC£S and the mon¢tary value can be measured with sufficient Expenditur¢ All expendiiure is recognised once there is a legal or constructive obligatioii to ihat expenditU2e, it is probable settlement is r¢quired and the ainount can be measured reliably. All costs are allocated to the applitable expenditure heading that a2gregate similbr ¢i)sts to that categaiy. Where cos(s cansiot be directly attribiited to particular headings they hEtve been allocated ot) a basi5 cOnS8tcnt with the use of reSoUes, with central staff costs allocated on the basis of time spent. and depreciation charges all0¢gted on the portion of the asset's use. Other 5UPPOrt Costs are allocated based on the spread of staff CLlSts. Page 9
WMVS Children in Care Foun(lation CIO Note5 to the Financial Statements for the Ycar Ended 5 April 2024 (continued) Charitable expendithre compi'ises those costs incurred by the chai'ity in the delivery of its a¢tivitie5 and services for its beneficiaries. It includes both costs thai can be allocated dii'ectly to such activities and those costs of an indkrect nature necessary to suppoit them. Gr(iiilprovisioiis ProvisiorÈs foi. g17nts aiE made when the intention to make a grant has been coinmunicated to the recipient but there is un¢ertaiiity llbout eiihei. the tiiniiig of the grant or the ainouni of grant payable. Support Costs S¥ppoit costs include central functiODS and have been allocated to a¢tiviry Cost categories on a basis consigtent with the use of resources. CovernaD¢e cost5 These incliide the cos15 attributable to the chai'Éty's compliance with constitutional and statiitory requireinents, including audit, sti'ategic m&nagcment and truslees meetsngs and ieiinbur5ed expenses. Tux¥tion Th¢ charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 201 O and therefoi'e it ineets the definitign of a charitable company for UK corpoiatiOD tax purposes. Accordingly, the charity ss potentially ex¢inpt froTll taxation in I'espect of incoine or capital gains received within ¢at¢gories covered by Chapter 3 Part I l of the Corporatioii Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such COme or gains are applied exclusively to charitable purposes. Fund Structure Unresti'icted income funds are general funds that ale available foi. use at the trustees discTetion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the tTUStees. Page 10
WMVS Children in Care Foundation CIO Notes to the Finaneial Staten]ents for the Year Ended 5 April 2024 (continued) 2 Incom¢ frotn donations and legacies Unrestrieted funds General Total fllr]d5 Gi'ants, including capital gratjts. Grants froix othcr chariti¢5 11,500 11.500 Total for 2024 11,500 11,500 Total for 2023 58,250 58,250 The Chai'ity I'eceived £11.500 (2023 £58,250) froin the University of Wolverhainpton Arts Connect Prograinme. 3 Inconie from charitable gCtiVLties Unrestricted funds GellerAI Total 2024 Total 2023 Subs¢riptiorkS income froin Virtual Schools for com]nissioned ai'ts, cultural and sports activities Conference incoine 160,295 63,000 160,295 63,000 115,293 223,295 223,295 115.293 4 Inveslmenl incomt Umrestrieted funds General Total 2024 Total 2023 Interest receivable and similar incon)e,' Enterest receivable on bank deposits 823 823 240 Pagell
WMVS Children in Care Foundation CIO Notes to the Financial Statements for the Year Et llded 5 April 2024 (continued) S Expenditure on charitgble 8etlvllies Uiii'estrieted funds Geiieral Total 2024 Total 2023 Note Delivery of arts, culttiial & sports actiVLties Gi'ant funding of activi(ies Allocated support costs Governance costs 224,601 1,050 19,581 224,601 1.050 19,581 17,115 134,416 4,200 34,063 16,664 189,242 262,347 262,347 Expenditure on Ch.1tble activities is analysed as follows.. Uni'¢stri¢ted runiys General Total 2024 Total 2023 Arts programme Art5 coordination Sports programme Sports coordination Creating Chance5 Anniial Confei'ence Women artd Theatre project Designated Teacher Confei'ence 22,120 35,000 15,921 22,917 188 32,439 50,000 46,016 22,120 35,000 15,921 22,917 188 32,439 50,000 46,016 23,168 32,458 4,981 24,790 1,949 27.070 20,000 224,601 224,601 134,416 Page 12
WMVS Children in Care fioundation CIO Notes to the Flnaneial Statements for the Year Ended 5 April 2024 (continued) 6 Analysis of governance and support Costs Alloclltcd support costs Unrestrieted funds G¢nerAI Total 2024 Total 2023 Basis of ¥lloeation i 0/. Trainin& cothf¢rence and events Mai.keting and website costs ComInunications costs CoiisultatLCy fees re Arts Mark Finance and admlninstration Accounlancy fees Insurance Bank charge5 13,745 3,091 14.854 2,445 11,969 700 1,678 2,400 373 16 2,445 1,969 700 1,678 2,400 373 16 IOO°/o laOQ/o 1,985 373 15 IOO/o 19,581 9,581 34,063 Govermance costs Unrestricted funds General TotJ)I 2024 Totxl 2023 Independent examiner fees Examination of the financial st&teinent5 Legal and professional fee5 Other govemance costs 770 15,996 349 770 15,996 349 790 15,874 17,115 17,115 16,664 7 Grant-making Analysi5 of grants The support Costs associated with gi'ant-making are £Nil (5 April 2023 - £Nil). Below al'e detai15 of mattrial grants tnade to institutions. 2024 2023 Name of in5titutitsn Activity Arts Mark grants to one (2023 - four) Delivery of arts, cultural & sports Lo¢al AuthDI'lties activities 1,050 4.200 Page 13
WMVS Children in Carc Foundalion CIO Notes to the Financial Statements for the Year Ended 5 April 2024 (Continued) 8 Trustees remuneration expenses No trustees, nor any per50n5 connected with them, have received any yeutratIon fi'om the charity during the yeai.. No trustees haye received any reimbursed expenses oi. ar]y other bencfit5 frorn the charity during the year. 9 Staff costs The Charity Iiad no employees during the period. The Chai'ity received suppoi1 with goveman¢¢ and administrative matters froin Mr P Cox, a seif-employed consultant. Costs of £15,996 (2023 £12,504) were paid to Mi. P Cox during the period and classified within govemance costs. 10 Independent examiller'5 remunergtio 2024 2023 Examination of the financial statements 770 790 11 Taxation The chai'ity is a registered charity and is therefore exeinpt fi.oin taxation. 12 Debtors 2024 2023 Ti'ade debtor5 Prepayinenls 32,328 69,442 38.321 38.321 101,770 13 Cash and cash equivAlents 2024 2023 Cash at bank 183,050 234.528 Page 14
WMVS Children in Care Foundation CIO Notes to the Finallcial Statements for the Year Ended 5 April 2024 (continued) 14 Creditors: amouuts falling due within one year 2024 2023 Trade creditors VAT payable Accruals Defcri'eLI income 26,356 12,069 1,041 100,952 66,813 20,868 1,040 139,895 140,418 228,616 2024 2023 Defei'red incoine at 6 April 2023 Resour¢¢5 deferred in the period Amounts r¢leased from pievious periods Detetyed incoine ai year end 139,895 100,952 {139.895) 87,099 139,895 (87,099) 100,952 139,895 Deferred incotne Telates to subscriptÉons Envoiced in advance for 2024125. Page 15
WMVS Children in Care Foundation CIO Notcs to the FinAncial Statements for the Year Ended S April 2024 {eontinued) 15 Funds BalAnce at O April 2023 IncomiEJg resources Rtsollrces expended Balance at 5 April 2024 Unrtstrieted funds General 107,357 235,618 (262,347) 80,628 Designated 325 325 Total funds 107,682 235,618 262,347) 80,953 Bal2Trce at 6 April 2022 Ineo]ning resources Re50urco5 expended Bglallc¢ a15 April 2023 Unrestricted funds G¢nei'al 122,917 173.783 (189,343) 107,357 Designated 325 325 Tot21] fund5 123,242 173,783 (189,343) 107,682 Designated funds relate to a grant received to fi]nd research by the Charity. 16 ANalysis of net assets between funds Total funds at 5 April 2024 Unrestricted funds Gener#1 Design8ted Current assets Current liabilities 221.Q46 (140,4181 80.628 325 221,371 (140,418) Totsl net assets 325 80,953 Total fund5 9t 5 April 2023 Unreslrictcd funds General Designated CurreDt assets Cun'ent liabilities 335,973 {228,616 107.357 325 336.298 228,616) Total net assets 325 107,682 17 Related porty transactions There Were no I'elated party transactions in the year. Page 16