Charity registration number 1192174 (England and Wales) THE mAHEw ROBINSON TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (f? xeinadin
THE MAThHEW ROBINSON TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trnst••s E M Montyre C Cc41ir D Fould5 A Madden IApFKJinted 22 Ociober 20241 IAFvointed 13 May 20251 KT# Charlty numhr (England and Wakn) 1192174 Independwrt *x1 Xeinadin Tiinity Fk DL6 2NA B•nkora LE87 288 CAF Bk Ltd 25 lfjr HIIANwue Kwigs West Malling ME194JQ Invèstment ad¥180rs 80 Cheawide LoThJon EC2V 6DZ
THE MAThHEW ROBINSON TRUST CONTENTS Page Trustses. report Ind8P8nd8nt WAgmlnarfs report Statsmont of flngnc481 aCt[tIeS Balance sheet Note$ to th¢ ffinancAal ststements 6-12
THE MArrHEW ROBINSON TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Th& trustees [e$t Ihetr annual reM and flrtartdal statements for th¢ year ended 31 December 2024. Th8 finandal statements have b8en prepared in acctsrtlanee th• accounting pokne8 set out in note 1 to the financial statements and compty wth the CIO'S goveming document. the Charities Aet 2011. FRS 102 Yhe Finana81 Reporting Standard applirAble in lh8 UK and Republlc of Ireland" end the Charities SORP 'Aeeountlng and Reporttng by Charities." Statement of Rec4Jmmend¥d Practice applicable to charitl&s preparing theTr accounts In accudan¢e wth th8 Financial Reporbng Siandard applScable in the UK and Republlc of Ireland (FRS 102)". ObJèetl¥ts and •¢ttvltles The objectives ofthe CIO are-. The provision of houslng accomrnodauon to ppIe who a In need. hardshlp or di5tre5s and vtho tha trustee5 have identified as having a need for accOmmodan in the area of benefrt. Includlng bul not limitgj to them having a CA)nnection to the area of benefit or a need to reside In th¢ area of benefit for Iheir education or employThenL b. Such charitsble puwposes for Ih? bgnefrt ofthe reslents as trustees decide", ¢. Th$ rgllèf of bn&ficiartes who a in noe<l. hardship or dlstr¥ss.' d. The provlslon of it¢m8. wNlees and facilities for nurserfes. pr¢-s¢ho0, schools, colleges or other recognised places of educalh)n. leamlng or Iraining thal are operating wlhin or Prwding ¥erwces withln the area of beneffit. Th¢ truste8s hava pald dug ward lo guid8n¢o Issued by Charfty CommlssTh In deriding what 8ctivitSes the CIO should undertaks. AChIOmentS and p•rfoYm•ne• During 2024. th• Trust continu8d its partnarshlp vhth Broadacr8s Housing Assothation vkno ¥r¢ responsible for the day-to4ay managemenl of the propertles, njn as Ajmshouses Inamety School House. Robinson Cottaye and 1 a 2 Almshousesl. The Trust has kepl Its r•s¢wv¢s in rts Gorwal OF4r•ling Fund In Ilne th its Re$we8 Policy. Jrfng 2024 the board put In place pl8ns to recwlt addilltsn81 Trustees. Two founder trustees Ste down in 2024 - Mr C Fgryuson and Mrs Joanne Wright. boih also having seryed sev8rn1 years with the pre0$ unIncoted Matthew Robinscn Trust. Mrs Fiona Coleman was appoint8d as Truslee in 2024 No grants were made to places ofeducation in 2024. Flnancl41 revlew The Statent of FinancA81 Acuvliles shows a gain lor th& year (befo investment galnsl of £7.876 (2023.. £6,707). The unrealised gain on the investments retsined was £72412023.. £2.883). The market value of Snvestments at the end of the year was £34.97712023'. £34.253). Toial funds of the CIO amounted to £450.461 at 31 December 2024 12023.. £441,861). 1118 the poll¢y of the CIO thal unrèstrtdÉd funds vthich ha not n dèslgnated for a specific use should be maintained 81 a level equivalent lo between three and six month's exnd11. The trustees consider that reserves at th1$ level will ensum that. in the event of a slgnm¢8nl dmp in lundlng. they be able to ¢onfjnutr the CIO'S currènt activities %thile consideration is given to ways in which additsonal funds may be ralsed. Thls level of rose6 has been maintained thrtyJgh(t the year.
THE MArrHEW ROBINSON TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structur•, governance and manag•mgnt The CIO was established by a conslitution registered wilh the Charity Commi551 on S Noveryiber 2020. On 18 June 2021 the Charity Commlssfjon awJrov¢d the merger wilh a transfer date of 12 March 2021 of the unincorporated tharitabl& tNst The Matthew Robinson Tnjst. wilh the CIO. All net assets and activitses of Ihe unineorpor8t8d charftable trust were acquired by the CIO. The tfuslees who seNed during the year and up to Ihe date of Signatu ofthe firtanC1 stalem8nts wer•.. E M Mdntyr¢ M C Collins C M Ferguson J Wright D Foulds Rev J Gwyn-Thomo$ A Madden F Colgman K Taylor IRe5igned 22 October 20241 (Resigned 22 October 20241 IAppointed 22 Oclobef 20241 IAppc4ntsd 13 May 2025 Thé bust•8s 8r8 appolnted by the board of tnJ5tees. There is no fomial Inth9 of tsuslees but Selecon of trustees Is only made frC those who support the th¥ritw' obiectwas and arè consid8rnd w811 qu4lif*d to conlribulg to ils work. Non• of th• trustees has any beneficS8l Interest in the CLpany.lI ofth? tru¥tee3 are members of Ihe company and guarantee lo conlr¢tr4Jte £1 in the ent winding up. The Trustee5' report was approved by thtr 808rd 01 Trusttts. E M Mcintyr8 Chalm)an M C Colllns Tmsuror Dat8.. io..l oJ.1.2o.Z..%.....
THE MArrHEW ROBINSON TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MAThHEW ROBINSON TRUST I report to the trustee5 on My examination of the financial 8tat•ments of The Mallhew RObknsC Trust (th• CIO) ftjr Ihe year ended 31 December 2024. Resp¢)nslbllltles and basls of report A6 the tW51ges of the CIO you aro ffjsponslbl8 forthe preparatSon of th& flnandal StateMlS In aecord•nre wilh the requLTements ofthe Charities Act 2011. l P)rt in Spect of my examination ofthe CIO'S finanrAal 5ts1oments c8hled out under section 145 Of1 charl.•$ Act 2011. In Carrying out rny exarnination I have followed th& Dlrectbns gN¢n by th¢ Charity Comrnission under section 14515llbl of thg Charib9s Ad 2011. Ind•pond•nt oxamln•rf$ $tatsm¢nt Your attention is drawn to the fact that the charity has prekiar•d the fin8nc4al ststeThnts in acc(wdance wilh the relevant vetsion of the Stat&m$nt of Reeomrnended Pract1 appDcable to charitlès preparin9 their finanual ststements in a¢&¢ with the Flnandal Repoiting Stsndard applieable in lh& UK and Republlc of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charitie5'. Ststement of Recommended Practice issuèd on 1 April 2005 vknich Is referred to in the extant gulatIOnS bul h•$ now b withdrawn. l understand thal thls has een done in order for the finanrial staternents lo Provide a truè and f8lr in accord8nc8 wlh UK Generally Acceptsd A¢oJuntOng PracUc. I have completed my examlnation. l ¢>JDfirm that no matters have come to my altention in ccffinecthon wilh the exarninabon giving me cause to believe that in any rnaleiial res1.. accounting records were not kèpt in resp8cI oftha CIO as requlred by sedion 130 of the ch1b&S Act 2011. Ihe financial statements do not ¥ccord Yrith those records.. or Ihe financial slalernersts do not comply with the applicable requlrements ¢onceming th¢ lom and ¢ontttnl of financi81 stat8rnents Set out in thè Charitiès lknounts and Reports) Regulations 2008 othèr than any r¢quirom$nt that the fin8ncial stetements give a true and fair view, which is nol a rnalter ccfflsidered as part of an Independent examinalion. I have no and have comtr o¢ross no Othor rnattws In ujnnectkm) wtth thè axamlnallon to whkh •ttentlon should btr drawn In thls in order to enable a prop¢r undeTStanding of the fmancAal statements to be reached. Deborah Fletcher41c Xeinadin Trinity Hc#Jse Thur¥tth Rd Northallerion Norlh Yorkshl OL6 2NA 0819: ..............
THE MArrHEW ROBINSON TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 UnrtrICtod Unre8trfct•d funds fimds 2024 2023 In¢om• from: Charltabl8 aVItI08 Inve8trn?nts 43.853 1.003 36.2S2 996 Total Income 44,856 37,248 expondlturn on: Chgr118bl& actfvth08 36.980 30,541 Total •xpondltur• 36.980 30,541 Nel gaIn(loU8•¥I on Investments 724 2,883 N•t Sn¢om• •nd mov•rn•nt In fvndl 8,600 9,590 RKondll•tl¢y) of lund•: Fund bqlan¢¢8 at 1 January 2024 441.861 432.271 Fund b•l•nc•• •t 31 D•c•mb•r 20Z4 450,481 441.861 Thts Stolemonl ol flnencSal •dvltl•8 Indudes 811 galns and loBse8 recognlsed In the year. All Inme and 8xrll1Ure d•t%v• from conllnulng aL*lvlll•8.
THE MAThHEW ROBINSON TRUST BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Not•s Flxad •8•et• Tanglbla assèts Inv•8tm•nt$ 890,823 34,977 690,623 725,600 724,876 Curr•nt a•••ts D•btOf8 Cagh at bank •nd In hand 11 2,946 25,870 9,949 15.481 28.816 25,430 Cr•dltor*: amounts falllng du• wlthln on• y•ar 13 18.4691 {9,5341 Net cuTh•nt 20.347 15,896 Tot•1 aM•t• l••• curr•ftt Il•bllltl•• 745,947 740,772 Cr•dltor•: amounts tjlllng du• •ft•r mw• than on• y••r 14 1295,488} 1298,9111 N•t ••••ts 450,481 441,861 Th• fvnd• of th• CIO Unr•¥trlcted lund8 450,461 441.881 4SO,461 441,861 Th& flnan¢l•l st8tom•nt8 w•r8 appro by the tW8te•s on ..io..lo?..I ZO25 E M Mclntyre Tru•t M C Colllns Tru•l••
THE MArrHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countSng polld•s Ch•rlty Inform•llon Th8 Malthew Robinson Tn¢ Is a (tsllth IrK0rrX¥ wisatkn) established by a and reglsiered with tho Chwity ccffimM. 1.1 A¢¢ountlng ¢omi•ntlon Act 2011. FRS 102 Tr Fln8n&al Reportlng Slandard applcable In th& UK and R¢rwbllc of IroJa 8fKI Ihe Chad9 SORP °A¢counng 8Th1 Repxbng by chariti.. Stalemont of Rac(mond&d Practlc& 8ppll¢abi• to ¢harfil•s pr•porkng their accounis in acccvdanc Ibith the Fin(¥al Rewting Stsndwd applkablè In th• UK d Rwiblk ol Irehnd IFRS 1021". Tho CIO 18 • PutAk 8anofft Enoty Its dthod ty FRS 102. Th• CIO ha8 t&k8n ath4antag• ol th• pro¥Il In ts SORP not Io wopwe a 81•lTrOt of ca•h Tho finandal sl¥tsments hav• departed frorn the Charitkx (Accnts and Reports) R•9Ldalon8 2008 only lo th0 oxlenl r8qulr•d lo prtyrfdg a tru¥ and l ¥. This depwlure has Involved folkmkng th• St4t•m•nl of R•¢ommend¢il Pradk• ts charfttes appIn9 FRS 102 r8lhoT Ihan the verskm of tho Ststem•nl of R•commended Pracllc• ieleThed to kn th• RegLlokn$ bul ha¥ thce been wAthdrawn. The fin•ndal $l•tw¢nts are pr•par•d in slthluig. tich Is th• furKAm•l wrrnn¢y of th• CIO. Mon•tsry amounts In th•M finArKJ81 statwn•nts are r[MIed lo the nearest £. The Ilnandal statements have Ix•n w•p¥•d urKler th• hisl¢#k•l &1 c¥knnkn, modlfied lo indud• cwtsln flnand81 In8trufflents al fdr value. The accounlmig pdk4e$ 8(Iwled ore set 1 belvw. 1.2 Golng ¢one•rn At Ihe tirn• of apn9 th• finandw $tat•ments. InJst••s ha a r••s0bkn •xpectsUty) th•1 the CIO hèi adwu?te resourrts to in opetial •xistence f<Y the foreseeable luture. Thus the tru$t••$ condnue to adopt Ihe gdng ojncem bass of 8ccountlrwJ In wepwiNJ fin•nri81818lements. 1.3 Ch•rit•bl• funth Unreslricied funds arn l•blO lty w 8¢ tr disu•kn ol the trus•s In (Urthw¢4 of thow thaiitatle R•slrict8d funds arn subjecx ¢0 speryfic cg)Thditions by dmors ty w8nttys a¥ lo Ihey m•y be uwl. The pwpjses and u8es of the fund$ ar• sw in th8 notes to thg financ481 $1ot•mwts. EndoYnent fund5 Are su.8¢1 ¢<wHIIKm by dcrnrs Ihat th• •l•l nwl b• malntsln•d by tho CIO. IA Incom• Ir@ Is recognlsed the CIO 1$ rtg#ty enoued to It after any p8rformanc• C•3ndMons ¥0 been mot, the amounis can be Tha5ured reli•bty, and it is probable that t•ll h rg¢gtv¥d. C8$h donaticms arn recclSe on rep1. Other dorMliry are reo)ynwl Ihe CIO has been nobf¢ed of the d¢n8tion. unless perfomiance condit$ WU1 deferral ol Ihe 8mounL IncJ)rne ts¥ recovethbe In relation to dty)atknns rttdved under GifthJ or dgeds of 0)Venl is •t ts tirn• ol Ihg drnali. Legacies ore rejnis*d on receipt or othernis• rf the CIO has be nolrfled of an inwending disthlJu0n. the amount kTh)vm. and r1 is expeded. H the amount ts not krk), the le9aCy 15 treated as a conlingenl 8$$81.
THE MAThHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles {Contlnugd) Incomè fram charttablè activ6ties Indude projeci grants and renlal InCMe. Rental income is recognised ¥then re¢elvable by the charity. Grants are recognised th& tharity is entrfed to th8 grdnt. Investment incomtr. In Ihe fomi of Investment Income and diwdends, 18 rew3nised wjhen recewable by the charfty. 1A Expendlturg Rasources expended are included in the Statement of Flnancial AdVId on an accruals basis. Inthsive of any VAT which cannot be recovered. Expenditure whic is dirodsy aMbutobl$ lo spo¢ifi¢ actiwties has been included in these rmt categorfes. Ch8ritsble exp8ThJ6ture comprise5 those costs incuwed by chadty In Ihe dellvery of fts activities and rvS¢9s for Its benefidarfe& 1.6 Tanglble fixed assets Tangible fixed asset5 8m IN11Y Measu al cost and 5ubsequenUy measur¥d #t COBt or valuation. net of d8preaation and any impainnent losses. DewecAalion is recognised so 85 to writo off the cost or valuation of assets18ss their r8sidu81 values ovér th8lr usefijl lives rffi the following bases.. Fre8hohJ land and lyJildin95 The tharitys properties are not depreciated on th¢ basls Ihat their residual v8lue is èxpe(ed lo be equal to #i leas1 tho *>)st of 8ouls10n plus improvements made. The gain or los$ arlslrwJ on the disposal of an asset is determlned as the dThYerenrR between the Sale proceeds and Ihtr ¢8rtg valu& of the asset. and 15 recognised in the slalemsnt of financial a¢tiwlies. 1.7 Flxed asset Investmènts Fixed asset investments are initi81ty moasurod al transaci1c price excluding traractiOn r#)sts. and are subsequentty measured 8t fair value ot ead) roportlng date. Changes in fair value are recognised in net Incomellexp8nditurel for the y88r. Transacuon costs Are expensed as incurred. Impalrnient offlxed assets At each portIng &)d date. the CIO reviews the carnyng amounts of ils tangible as6ets to deterne whether there Is any IndicaOn that Ihose asseis have suffered an impaimtl0SB. If any such indication exists. the recoverable amount of the asset is estimated in cfder to detemine Ih¢ extent of Ihè impament loss lif any). 1.9 Flnandal Instruments The CIO h85 elecied to apply the prowsl¢ns of Sectiom 11 'B8St¢ Fln8n¢l81 Inslwments. and Secti¢Jn 12 '01hèr Fthan¢ial Instruments Issues, of FRS 102 to 811 of ts finandal instrufflents. Fknanual insiruments are recognis8d in the clo b81gnce sho81 when the CIO becomes poty to tho ojntractud provisions of Ihe instrument. Flnandal assets and fi8bililie5 are offsel. with the net amounts presented Sn the finan¢t81 Ststements, when there Is a legally enIOrab1 right to set off the recogni5¢d amounts and there is an int•)1[L to sewe on a net basis to realise the asset and settle thg IFablllty simullgn¢ously.
THE MATfHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•s Icontlnuod) Bo$1¢ finandal assets, inthJdts dobtLXS and cash and bk b•LqrKu. ar• inilially m8asur•d at transaction wice indIng tranS&tsn costs ar• subSequty cwiod 81 anKJrb8d t ushig Ihè ¢ff•dfv• inleresl moth¢>J. Flnandal assets das8ffied as recei¥kn ¥thl yèar are Mt amortis•d. Bsk ftn•n¢tsl M•blllll•s Baslc financial lth'litse3. firKkn9 cr•dkns and bor are inittBty rnctynl8•d •t tsnMctkffj pth. Finandal daS$ffi 8$ pwbbg thltrln yr • not #nwlknod. D•recognlllon of Ilft•n¢W I1•11$ FInanal Ir4bMItkn8 arn derec¢4nW Cl(Yi Clrtrj•l cllgDllon¥ ey44rv are d1¥Cha (* carKelled. Incorne from Ghwltsbh •¢lMtI•• Unrn•tyl¢t•d Unrn•trfctod fitnd• 2023 2024 In¢om• •aur¢• M•n89•menl fe• Charilable rentsl in¢om• 01 Incorne 26.937. 12,307 4.609 21.188 9,786 5.278 43,853 36,252 Incom• from Inv••lm• Unv•¥trl¢tsd Unrn•trlel•d fund• lund• 2024 2023 940 Intwest recelvatrAe I.(J3
THE MAThHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on tharitabl• •etlvltlè8 Unr•*trlct•d Unr•strlct•d funds funds 2024 2023 Dlrect costs Insuran¢s Subscriplions Bank ch¥rg85 Accountancy Mort8ge Inlergst and repayynents Man&Jemenl fee Repairs and maintenance 2,718 267 2,684 153 60 1.920 24.¥27 1.960 26,335 797 4.845 36.980 30.541 Analy51s ty fund UnTestrictsd funds 30.541 IncIed vrithin a¢countsn¢y costs Is an amount of £1.960 12023.. £1.9201 tr f¢¢$ In r¢Wn to the indep?nd8nt gX8min8tion and accounts preparation. Truste•s None of the twstsss {or any persons u)nne¢ted wlh th8ml r•c•iv•d any r•muneration or benefits frryn the CIO durfng the year. Employms The average monlhty number of employees durlng the yw was.. 2024 Number 21123 Nurnber Total Therewerg no employees whose annu81 remuneraiK)n vms morè than £80.000. Galns and loss on Investments UnM$trfcted Unrestrlcted lund¥ lund5 2024 2023 Gainslllossesl all5u on: Rev81uallon of in5$nts 724 2.883
THE MArrHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Taxatlon Th? charty Is •x•mpt from tox on Income and galns falllng wllhln 8•¢thon 505 of th& Taxes A¢i 1968 or ¢tIon 252 of lh• Taxatlon of Chargeablè Gains A¢t 1992 to thè 8xiènt ihat thès• am gppllèd to Its thariiable obl8cts. Tanglbl• flx•d a$8•ts Fmhold lond And bulldlR Cmt Ai 1 January 2024 690,623 A¢ 310•camb•r 2024 690,623 C•rrylng amount Al 31 O•ctrmber 2024 690,823 At 31 D8c•mber 2023 690.623 A8 4 result ol the merger wlth th• unlncorpor8ted charftable Irusl The Malthew Roblnson TNsl'. the CIO ¥cqulred freehold wopoty known os School Hou88. No 1 ènd No 2 The Alm8 House8 and land al Land. The charftable tru31 had prevlovsly gcqulrad thes• prop¢rtl&s from pred•e•sr charfll•g and no h181orfc cosl Infom)atlon16 held by the trustees regardlng IheB¥ prop••$. Th• Irust••$ do not ¢on8lder tt Apppal8 lo obtaln •xt8mal valuauon of the Ireehold property values glven the 1nlornaon IB of 11m1t vahje and th• prohibitlve cost of obtsinlng Such valua8. Th¢ Bank loan l• i•wr¢d over th8 froehold pToperty kno4 •8 School Houm and 18nd 2 H¢yJie#. 10 Flx•d ••••t Inv••trn•n¢• COIF Charltlg• l•w••tm•nt Fund Co•t or valuatlon At 1 January 2024 ValuAtion changes 34.253 724 At 31 December 2024 34.977 C•rrylng amount At 31 Decernber 2024 34.977 At 31 De¢wnber 2023 34.253 10
THE MAThHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 310ECEMBER 2024 11 D•l>tors 2024 2023 Amount• f•lllnq due wlthln yw. 9,949 12 Lo•n• and •)v•rdraft• 2024 2023 301.$40 306.138 PayaN• ¥Atran (Th y• P•y4ble aft•r om 6.054 295.486 7.227 298.911 Th0 88nk lo•n S• wr•d o¥wth• fr•ehold pryty kn¢yAm •$ Hou8• WKI 1 and 2Am1 HOUMJ. Th• bank loan h88 a kn of 2$ >*8ws from thè d•t• ol firsl draw d(ywn 0127 May 2021. r•p8yinwts over th• th• Inltlal 12 rThJnth8 are Inlerg$1 ¥Alh tr¢¥n mI1h 13 re¥wting to intertrsl and ¢•pltal, th• Int•ro31 rale18 3.5% abovtr the 84nk of End base rats. 13 Cr•dltor•: •nounts l•lllng du• wlthln on• y••r 2024 2023 Bank lo¥n$ Trade credlicrt Acwa18 and d8f•rred IOrne 12 6,054 275 2.140 7,227 207 2.040 8.469 9.534 The Bank loan Is s•cur•d owtt Ih freehold wopety kncMTr as SdKxA H¢yJse and 1 and 2 Alm$ H¢JJ8es. 14 CY•dhorn: amounts f•lllng du• •ft•r mor• th•n OM y•W 2024 2023 B8nk 12 295.488 298.911 The 8ank hjan is 8euxed OT ts freeFM)Id krvlm as Sthod kJge 1 and 2AJms Housos. 11
THE MArrHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unr•8trlctfrd fvnd• At l J•nu¥ry 2024 In¢omlng R•8oure•s r••ource• oxpendod G•ln• •nd 10s8•8 At31 D•mber 2024 G•n•ral fund$ 441,861 44.856 136.980) 724 4SO.461 Provlou• Yr. At l J•nu•ry 2023 In¢omlng R•wure•• •our¢•• •xp•nd•d G•ln• and At31 D•¢•mbor 2023 Gener81 fund$ 432,271 37,248 130.5411 2.883 441.861 11 Rtlltsd p•rty tr•n••ctlon• Thwo were no dlwckJ¥ablo r•l8tsd party tronon$ durfng ar12023- nonè). 12-