2024-04-05-accounts

Buckinghamshlre Culture Trustees Report for the Year Ended 5 April 2024 Reference and Admlnlstratlve Detalls Trustees: W Morri5. Ctrchair J Weinber& Co-chalr R Barker Inorninated by Bucklnghamshire Coundl] S Mason Inomlnated by Dlscover Bucks Museuml N Braisby [nomlnated by Buckinghamshlre New Unlversity] G Foreman L Weale S Gardam (resigned 20109120231 V Hope-walker I A￿8we S Denney Iresl8ned OY0712023) J MoorcrofL Treasurer I￿$1Bned 2010912023) S Imbrlano (appointed 19107120231 H Williams lappolnted 29101120241 C Martln lappointed 29/OV2024) ReBiStered charlty number. 1196317 Prlnctpal offi￿. Bucklngharnshire University Queen Alexandra Road Hl8h WycombÈ Bucklnghamshlre HPII 2JZ Accountants: Another Answer Books & Accountsnts 151 Fkx)r Bourne House Cores End Road Boume End BucklnBhamshlre SL8 SAR

Objectlves and Actlvltles Pollcl¢s and Objertlves The object of the Charitsble Incorporated Or8aTh5sation (CIO) Is to promote, Improve. develop ar￿ malntaln public education and appreciatlon of the arts and culture across the County of 8uckinghamshlre for the publlc benefft by provldlng leader5hlp, strategic plannlng and support to the cultural sector. In order to fulfil the pUrF￿Se of the CIO as outlined above. Bucklnghamshire cultu￿ follows'the four maln themes of the BuckinghamshI￿ Cultural Strate8y: Outcome one." A thrlvin8 economy and transfonned pEaces Outcome two: Equallty of access to cultural actl¥tties and opportunitles Outcome three: Improved health and wellbeln8 of the populatlon Outcome four. Energlsed creative and cultural sector. Over the past year, projects have focused on different elements of these themes but in particutar on outcomes two and four. Transfonn Places A(fvocacy and partnership development continued In respect ot. cuttural pl0￿MakIng wlth regeneratlon project teams across Buck4 planninggain and uses forculture, Publlc Art policleslstrategies, cultural projects and Impacts forcommunities. aftimation of hlgh streets and empty unites.throuBh.creativity,and culture. Strdtegic support for plao-based initiatives and fvndin8 applications in Aylesbury and High Wycombe. The fourth Fteration of Bucklnghamshlre Culture Open Weekend took Pla￿ in July 2024, an initiative to encourage artlsts and organisatlons In the county to stage an activity orevent In local communities to sncrease participatlon. Work in previous years to develop the concept of a Storytelling Festlval led to recruitment of an. Enga8ement PrOdU￿r and submlsslon of a successful fvnding appllcation to Arts Council England for delivery of pilot Season of a new flagshlp'Storre< project. Bulklin8 on research,.consultsfjon and community engagemen( the pllot alms to test approaches to communlty enga8emenL working hyper-locally and developin8 quallty cultural outputs for the people of Bucks inspired by otsr unlque stories of landscape, herita8e and people. Engagement will begin in Sprinpjsummer with delivery in Autumn 2024. Our collectlve Access and Inclusion Manifesto has been adopted by partlcipatlng organisatlons and is belng tspheld by culturdl venues across the county. He Wellbel Building on the Social Prescrlbing Pilot Project we offered In 2022-2023, we have been looklng at how we can engage wlth the Creatlve Health agenda. Conversations wlth Buckin8hamshire Councll, Bucks NHS Healthcare TTUSt. Bucks Health and Social Care Academy and cultural partners continue. En ised Creatlve and ultural S Regular networkln8 events for the sector and for artists/creat5ves have taken place thjs yeèr, addre$5ing a range of topics induding climate change, fundrai5in& ¢￿atIve responses. Development of our next Cultural Conference in November 2024 has begun. We are developing a Cultural Awards scheme to shlne the Ilght on the great creative work that Is tsklng place in the sector and to build a 8reater sense of community. A pro8ramme ofAudience Development Training and Mentoring was delivered In response to a p￿vIouS

audience research report and a Cost of Living survey undertaken- these showed a need for greater understanding of dats collection methods and proces5e5 and greater knowledge in relation to the Audience Development cycle. We continue to work with The Audience Agency to enable culturdl partners to better analyse audience/visitor data to assist with future planning and strategic decision making. Our annual data collection ènd aggregation Process reveals these results reported by 24 cultural sector partners for April 2022-March 2023: Sertor turnover= £6,761.111.70 Grants from Bucks funders-. £210,342 Grants from beyond Bucks: £654.28113 x the amount raised from Buck5 funders) Value of spon50rship/donations- £785,070 Volunteers: 1.351 Creative workers.. 430 Number of opportunities to engage with arts. heritage, culture: 7.576 Number of online events= 268 Visits to cultural sites= 2.510.785 School children visiting cultural 51tes= 191.531 Audiences viewing work on tour or away from site- 304.153 People who visit site for non-cultural reasons leg= hires): 17.268. In addition to the activities outlined above, the team has carried out a great deal of cOnnert￿n. partnership development and relationship buildin& all with the aim of supporting our sector partners and practitioners and developing future programmes and collaboration. The Trustees have had regard to the guidance issued by the Charity Cornmission on public benefit. Achievements and Performance Main Achievements of the Charity As a relativew new ooanisation, in è slM)rt period of time the charity has made a sigr7ificant impact on the cultural sector, which is demonstrated by the attendance at networking events. the conference and participation in projects. Representatives of cultural organisations and creatNes in Bucks report being better connected and supported since we began our work and score us 7.42 out of 10 in terns of value to them and their organisation. They cite 'networkin8'. 'advice expertise. and 'connection' as key benefits of the existence of Bucks Culture and almost all respondents had a good awareness of the programmes and schemes we offered. Additionally, the charity ha5 established relationships with partners outside of the sector (such as public health, Local Enterprise Partnership, Voluntary Community and Social Enterpri5esl, therefore enabling work to be developed which benefits wider agendas. Strategic relationships are a150 being built with major funder5 such a5, Rothschild Foundation. Arts Council England and The Clare Foundation. Planning for our pilot Season of Stories has been a big project for u5 this year, including a successful application to Arts Council England to enable delivery of three distinct strands of activity that engage local communities in different parts of Buckinghamshire during 2024. This is the beginning of a long-term larg&scale piece of work for Buckinghamshire Culture that aims to build Bucks. reputation as a place for high quality cultural activities provide opportunities for learning and enable participation for our communities. One key element will be utilising the two national disability related collections based in the county. the National Disability Arts Collection and Archive and the National Pardlympic Heritage Trust Collection.

Open Weekend (which we created, and curate) hastcome an estsblished part of the cultural calendar in Buckingharnshire. It beneffts organlsatlons, artists and creatlw ralsing their profile. as well as provldln8 greater acce55 to cuttural activlty for local resident Over thls last year. we have spent tiffle developlng our CO￿ stnKth. Board and Internal strategies. Thls Includes commissioning external fundraising expertlse to ￿1p shape a strategy to dtversify our income. We have worked on our evaluation methods and our dlgitsl outpu Anandal llwlew Anandal Posltlon The Trustees are confident that the Charity remains a golng con￿rn and that all current commltments can be met. They recognise that the funding environment is challenBin8 and a￿ e¥tremety grateful to those wlK• have supported and continue to support the work of 8UCki￿hamshlre Cultu￿. fte￿ve$ Pollcv The tharity may hokl ￿seNe$ for a var of reason4 indud1￿ tsrt ￿t Ilmlted to: Income exceedlng experKliture Spending timescales are delayed or Un￿rtaIn Fundin8 is restricted & requires separate accountii Requirement of external body Ensuring up to 6 Month￿ operatlon of ￿ thaiity rf required. ReseNes may be Unrestricted or Restricted. whe￿ a reser¥e is Restricted, detaits will be avallable in res￿ The purpose of tt* reserve derivation of the fundi The intended use of the reserve. The current level offree reserves is.. £84556 (amnparative £76￿11) Hnandal Results For thls accounting period the charity recewed an income of £144.4161compardtive £290,149) and had an expenditure of £142543 {comparative £188.497). The surplus for the year was £103524 {comparative £101,652). Fundlng for the core buslness has o)me from Rothsthild Foundation Strateglc Grant with additional fundl from 8Uck6nghamshl￿ Co￿OL Buckinthamshire New University has supplted in kind support through pn)vlslon of offke 4)a￿, fadlltles and staff Suppo￿ Funding for speofic proJects has been secured from Rothschlld Foundatlon (Audieno Development Training and Mentoring), Arts Coundl England (Stories). Buckinghamshire Council has also supported Open Weekend ar￿ pledged to support Storie5. The chartty believes that fijture core and project funding will be secured in order to deliver attivities In support of the Buckin8hamshire Cultural Strategy and Pthin Man. Prfnclpal Rtsks Loss of fundlng from RothvAhlld Foundatlon"and Buckinghamshire Counal who prnvlde the core funding forthe charlty. Loss of Dlrector who hokls a lot of organisational knowledge and key relatlonships. and as a small oryanisatlon. the pogtion is kty in its opeR￿n$.

Structure, Govemance and Management Constitution Buckinghamshire Culture is a Charitoble Incorporated Organisation. charity number 1196317. governed by a CIO Constitutiortr. Methods of Appointment or Election of Trustees Apart from the first charity Trustees. every apkyginted Trustee must be appointed for a tern? of three years by a resolution passed at a properly convened meeting of the charity Trustees. In selecting individuals for appointment as appointed charity Trustees. the charrty Trustees must have regard to the skills. knowledge and experien￿ needed for the effectwe administration of the CIO. Each appointing body listed below may nominate one charity Trustee: Buckinghamshire Council Buckinghamshire Local Enterprise Partnership Buckingharn5hire New University iv. Bucks County Museum Trust / Discover Bucks Museum la5 long as it holds Arts Council England National Portfolio statusl Any nomination must be made at a meeting held according to the ordinary prartice of the appointing body. The charity Trustees have the right to veto the nomination if the individual is not deemed appropriate to join the chèrity. Each appointment must be for a term of 3 years. The ￿rSOn appointed will cease to be a Trustee if their association to the appointing body ends. A Trustee appointed by the appointing body has the same duty under the other charity Trustees to act in the way he or she decides in good faith would be most likely to further the purposes of the CIO. Plans for Future Periods In order to deliver the Buckin8hamshire Cultural Strategy over the next period. the charity intends to streamline its delivery into two distinct strands: Community-Facing activity- this will include growing our annual Open Weekend event and developin8 the Stories programme. relationships. community engagement and sector development required to deliver our pilot Season and future Seasons. Sector-frdcing attivity-this will involve continued delivery of networking and connection actNity for the sector and a regular Cultural Conference. We aim to develop how we drive forward the Strategy within the county- working rnore localty. connecting stakeholders and cultural partner delivering at a town- or village-level. We plan to develop how we work with creative industries and promote opportunities to graduates. By bringing together emeoing and experienced leaders in our area, we aim to begin work to build a new co-de5igned leadership development scheme that breaks down barrier5. Resources. staffing and programming will be developed and allocated accordingly.

Report Approval Approved by order of the members of the Board of Trustees on.. 310212025 LS J Weinberg Co-chair

Buckinghamshire Culture Independent Examiners Rewt to the Trustees I report to the charity trustees on my examination of Ihe &counts of the charlty for the per￿ ended 31 March 204 which are set out on pages 7 to 17. As the chari￿5 t￿￿ee5 of Butkingham Culture, are responsible for the preparatlon of the accounts Sn accordance with the requirements of Chaiitse5 Act 20111.the kv). I report In respect of my examination of Buckinghamshlre Culture's Accounts carried out under section 145 of the 2011 Act and ift carrylng out my examination I havefollowed all the applicable Dirertion58iven bythe Charity Commission under section 145(51(b) of the ACL I have completed rny examinat5on. I confinn that ￿ mater￿1 matters have come to my attention in connection wbth the examination givhB me cause to believethat in any matelial respett: l. Accounting records weTe not kept In respect of Bucki*m Cultyre as requlred by section 130 of the ACL. 2. The accounts do not accord with those records: or 3. The accounts do not comply with the accounting requirements con￿mIng the fO￿n and content of accounts set out In the Charities (Accounts and Reports) Regulations 21KW other than any requlrement that the accounts give ttrue and fairvithrf which is not a matterconsidered as part of an independent examination. I have nOcon￿M$ and have come across no othermatters Sn connectionwlththe examinationtowhich attention should be drdWTr in this report in order to eTrable a proper urnlerstandin8 of the accounts to be reached. Sylvla Bourhlll FMAAT Another Angwer Ltd l Floor. Boume House Cores End Road Boume End Bucks SL8 SAR 3￿january2025

Buckinghamshire Culture Statement of Flnandal Actlvltles For the Perlod Ended 3111 March 2024 Unrestrfcted Fund5 Tots15 Totats Nov2021 to Morch 2023 Fund5 Fund5 InMrngfrom'. OM&tlons ind lewl•s Chartsble ActMtSeJ Othr tradlw ac1fv￿1 Othor Inwrn• 106.666 37.450 144.116 Jmtx 1435 284714 1435 Irw•stments 7ot•l Inetym I￿966 37A50 144.416 199,465 2S¢149 E%￿nd￿ule on.. Cottol Generatlni FUTh Ch•rlt•ble xtMtle5 T4)tsl •xp•ndI￿rn .044 12&499 1415¢3 - 1%098 7S6 76,684 51.815 SIJIS 169.399 184497 I￿•54 Nrt IncuMll•xp•ndlhff•l 94611 101.652 Tr•nsf•rs b•tw¢enlun 18W31 7.745 15ml L873 74￿2 24841 101652 Tot•lfunds bmuihtforw•rd 7Q811 IOL651 Totslfvrtth Imvwd 24￿1 101652 Th• notes on pages 11 to 20 fomi an lrtryjl part ofthese Ilnandal 5taternents

Buckinghamshire Culture Balan￿ Sheet As at 31" March 2024 Notes 31 March 2024 31 March 2023 Fixed assets Tangible assets Current assets Stock Debtors li 144 Cash at bank and in hand 167.618 161,766 167.762 161.884 CrÈditors: amounts falling due within one year 12 IfA.2371 160,2321 Plet current assets 103.525 101.652 Total assets less cunent fwbililies 103525 101.652 Funds Unrestrirted funds Designated Funds 84.557 76,811 14 Restricted fvrtds 15 18.968 24.841 Total funds carr5ed forwafd 16 103525 101.652 The directors have tsken advantage of the special provisions of Part 15 of the Companie5 Act 2(X)6 relatin8 to Small cornpanies Trn the preparatTron of the accounts. Approved by the board of trustees on 310212025 and signed on behalf by Julius Weinberg Lo26

Buckinghamshire Culture Statement of Cash Flows For the Period Ended 31 March 2024 Account 202>2024 Nov2021 to Murclj 2023 Operatin8 Activltles Receipts from custorners Paymentsto 5upplier5 apd employees Netcash Fknws frorn Opernting Activities 144.416 290,149 1147,3851 12.9691 1182,￿5) 107,344 Investlng Actlvltles Othercash items from investing actwitres Netcash Flow5 from Investing Artivities 1261 1261 1118) (1183 Flnancing Activitie5 Othercash item5 frorn finan¢intactivitJe5 Net Cash Flowsfrorn Finan¢in%Aai¥lties 8,847 54.540 8,847 54,540 Nettsh Flow5 5,852 I￿,165 Cash and Cash Equlvalents Cash and cash equivalents at beginning of periDd Net change tn cash for period Cash and cash equivafents atend of perfod 161.766 5.582 16L766 167.618 161.766 io

Buckinghamshire Culture Notes to the Financial Statemerrts For the Perfod Ended 31" Marth 2024 l. A¢Count1￿ polkles Statement ofcrynpHar The financlal statements ha%e been prepared in acCo￿Tr￿ with kcountlr atxl Reportlng by Ch•rltles.' Flnandal Reportln8 Stsndard applicable inthe UK and Rewbk of Ireland IFRS 1021 leffectl¥e lJanuary20191- IChariiiesSORP{FRS 102)), the Fu￿nrial RePorti￿5￿￿tard appllcable In the UK and Republlc of Ireland IFRS 102}andtheChaiitiesAct 2011. Basb of preparathn 8uckln8hamshlre Culture meetsthedefinlllon of a P￿1￿ benefft entIty￿der FR5 102. Assets and Ilabllltles polkynotes. GolryqcoKern Thetrusteesconslderthatthereareno materlal wKtrtalntlesaboutthecharWsablllty to contlnue as a 8oln8 Income Voluntary Income Indudlng donattons, glfts, legades and grants that provlde core fundln8orareof a8enerdl nature Is reco8nlsed when the charity has entltjemert to the Income, It b probable that the Income wlll be recew. aftdthe affrfwnt can be rneaAw￿ ¥Alh suflltht rellablllty. Grant Income Is reco8nbed on a recefvable ba51& Where 8rnrt Incorfe spedfie5 Use ¢wer a tlme perlod In Tthlch the expendltUTeof resources TAII tske place.8rants receb4ed In ad¥ance of costs Incuffed are reco8n15ed as deferred 5ncome. Donakn and leqades are recwtsed on i fftth7ble ba ts prnbable arrfl the amount c•n be rellablymeasured. Income tsx recoverable In relatlon to do￿tIOnS recew underGfft Ald or deeds of coveMntls reco8n15ed at thetlmeof the donatlon. All expenditure is recognised once there is a legal orconstrucll4e obligatK•n to thal expendlture, It Ss probable Settlefi￿nt ts requlred and the amount can be nwswed rellabty. AU costs are allocated to the appllcable expendlture heading that 3g8rEgate Similar costs to thatcate80ry. Charitsble expendlture (omprtses those o)sts Incu[￿d by the In the dell¥ery of Its actlvltles and services for Its benefklIr￿ It Indudes ly)th coststhat on be alkn(ated dlreclly to suth actlvftles and those Debtors Trade and other debtors are recognlsed at the settlement amount after ary trade dlscount Offe￿d. Prepayments a￿ valued at the amount p￿Paid r*t of anylrnde discounts due. li

Buckinghamshire Culture Notes to the Financial Ststements For the Period Ended 31 Marth 2024 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and cau dewsits. and othershort-term highly liquid investments that are readiky convertible to a known amount of rJ5h and aresubiect to an insignificantTi5kof change in value. Credttors and Provisions Liabilities are reco8nised when the￿ is an obligation at the Bala11￿ st￿t date as a resuk of a past event. it is probablethata trdnsferof etonomicbenefftwillbe required in settlemenL andtheamountofthesetdement can be estimated reliably. Liabilitres are ￿COgniSed atthe amountthatthe chaiityanticipates itwill payto *ttle thedebtortheamount it has re￿iVed as advanced payments forthe goodsor services it must provide. Fund structu Unrestricted income fundsare general fundsthatareawdilablefor tsseatthetrustees. discretitin infurtheran of the objectives of the charity. Financial instruments The charity onfy hasfinancial as5etsandfinancial liabilitiesof a kind that qualifyas basic financial instrumen Basic financial instruments are inttially recogntsed at transaction value and subsequently measured at their settlement value with the exception of bank loans which a￿ subsequently measured at amortised cost using the effective interest method. VAT The chartty is not registered forvat and accordith e￿endIturE indudes VATwhere apprDprkite Fund Accounting The funds held by the charity are eÉther= Unrestrictedgeneralfvnds- these are funds which can be used in accordance wtth the tharitable objects at the discretion of the trustees. Designutedfvnds- thÈse are funds set aslde by the trustee5 Out of unrestricted general for specific future purpose5 or projects. RestrKtedfvnds-these arefundsthat can onty be used fOrpart￿U1ar restricted purposeswithin the objects of the charity. Re5trittions arise when specified bythedonor orwhen funds are r3i5ed for particular restricted purposes. 12

1. Income from donations and legacies Unrestrfrted fvj Restrlrted Aunds Totol 202>2024 Nov2021 to MGrch 2023 Oonatlons from individua15 Donations from major donors Le8acies Totsl

2. Income from charitsble activitie5 Uttres¢rfrted fvnd5 Totol 202>2024 Nov2021 to mO￿h 2023 fvnd5 Grant Applications Other fundraising actsvities Totsl 106,666 37,450 144.116 288.714 106.666 37.450 144,116 288.714 OtherTra(fin8 ArtF¥l￿e$ Unre5trirted fvnds Re5trfrted fvnds rotul 202>2024 Nov2021 to March 2023 Ticket Sale5 1,435 Other merchandise 300 3fKI Total 300 1.435 13

3. Analysls of Expenditure Char able Ex endlture Cost of eneratln Totry15 rdov2021 to March 2023 Charltable Totsls 202>2024 Gov Adrnln costs Audience Development I Incluslon Audlt & Accountancyfees Bank Fees Buck5 Cultural Leaders Conference delhvery bud8et Core Project Costs Emails and Websf(e EvaluationlDatalimpatt IT Software and Consumables Office EKpen5e5 Sertor Engagement Soclal Medla Support Statlonery Employer and Trusfees Insurancè EmplDyers Natlonal Insurance Pensions Costs 14.976 3,000 16 2.514 16 1,992 5,258 1,992 5,258 1,992 5.148 608 608 839 10.456 250 55 55 235 235 49 1,879 1,879 398 529 361 65 1831 119 65 131 1831 2,385 53.160 411 877 196 103 477 1,550 34.554 239 5,758 10.632 2,658 411 57,576 161 iooi CPD- Staff Tralnlng Staff expen5es- Travel 877 Tol¥l Operatlonal Costs 11,109 46,110 7,085 5,646 69,923 IOZ593 Charflable Artlvltles 72.619 72,619 Expendlture Carrled Down 11.109 118,729 7,085 5,620 142,542 188497 14

Support tostslbwsli of apportlonment Totcr15 Nov2021 to March 2023 Ral$lni Funds Ch•rll4ble Actlvttlei Total 2023.2024 Support Costs Govem•rKe wsil Expendlture brou8ht down 11,109 118,729 7,085 5,620 142.543 184497 Adrnln5rtMtl￿ Co St•ff c￿ts 999 3,326 6,484 14,3251 12,7601 1,936 15,6201 Toul EMp•ndkur• Nov 2021 to M•r 20Z3 14,044 128,499 J42,$43 188.497 The charlty inltlally Identlfles the costs of Its support functlons. It then Idenllfles those costs relatlng to the governance functlon. Havlng Identlfledlts 8overnante costs, the remainln8 SilPPQrt cost5 together wlth the Bovernance costs are apportloned between Ralslng Funds, and Charitable Actlvltle5 as outllned above. Of the total expendlture, £90,728 was unre5trl¢ted Icomparatlve: £102,854) and £51,815 was Yestrlcted Icomparatlve.. £85,643). 15

1. Staff Numbers and Costs Ilov2021 t 5rolf costs.. Waoe5 and saLprles Soclal securtty costs Ernployer contributlons wthe defined contrfbutlwlpen51on sthemes 57576 The average number of employees durlngthe year was as follows: Nov2021 to IAurch2023 Number Number RarJnB fvnds Charltable Actfvitles G¢)vernance There were no employees wtth employee benefits exdudlngemployer pen51on costs above £60,000. The total employee benefits of the key mana8ement personnel of the charltywere £18.587 (Comparatlve.. £60.624).
2. Related PartyTransactlons The key managemeni personnel of the tharlty are considered to be related partles and the total employee benefits are Set out In note 6 above. The trustee5 a￿ not remunerated. No trustee5 were Telmbufsed for expenses irtcurred In the course of the chartvs oper*lons IComparative:£nlll. Durin8 the perfod. no donatlon IrKome was recelved frorn trustee5 Icomparatlve: £nill and donatlon IncoThe of £nll wa5 r￿1Ved from key management personnel Icomparatlve: £nlll Therewere no other related partytransartions durin8 the period.
3. Nei (expenditure)/lncome Thi5 15 stated after charglng: Nov2021 tv Depretlat]on Authtors. remunèrntlon Iln¢ludln8VATI'. AudEt and Pth)untsrKy Fees 1514 Z514 16

The tharltyts wtL¥nptfrom corporniion tsx on its d)arftsble adlvities. 10. Tarylblè Rxed Assets The Charlty has no Axed Assets li. Debtws 2021-2023 Glftabj Accrued IrKome arnountsfalllry due wlthln one year 2021.2023 Atcrnals L710 DÈf•rred IwimÈ Trade credlto IU411 64237 l)efured Ina)me arfse5 on 8rants gfven for projects of longerthon one year In duration based on the sta8e of Completlon of the projert: Balance brought forward Deferred In year Rekned In ￿ar 54333 6¢667 5&333 64667 17

1. ilnreslthd Balanr• at 31 Marth 2023 31 Mo&Yh2024 (In￿￿¢ted Funds 76AII 190.7281 18.4931 84,556 Bolonreoti Bt>lDnceot31 199,465 1102,853J Z6.811
2. Deslgnated Furtds ￿thn￿&t 31 Morth 2023 31Marth 2024 De51gnated fvnd Bolonceoti Nov2021 8olonce&t31 Morch 2023 Oè*natedfvnd 18

ohnceot 31 March 2024 31 March 2023 L766 L766 AutherKe De4¢lopnnt NwWln8the NewNonnJl io 111,6861 4182 11791 14,220 5.151 7.175 432 Sodal Pr￿t￿bIn$ Story¢elJSftg project Tolether We bulld 114.6S21 23.534 37N50 115.6651 1548151 24A40 4493 18,968 Oalanceot l Nov2021 TMnsfvrJ 84lonceot 31 Morth 2023 TrussAw•y D•v Audtertce De•topment N•vlpdnJtt New NonNI Open Weekend Sothl Pre%rlbl Storytell1￿ project Towkwwe Bulld 7.500 15.7341. 1.766 3L260 6.313 17,600 7.651 127.4391 16.7921 (3.3801 115001 1398001 185.6441 14791 14,220 5,151 19,a¢M) 19

Analysls of Net Assets betweqn Funds Unre5trkted Funds Funds Funds Fund balances at 31 Mardj 2023 are represented by: Tanglble flxed assets Current assets 148,794 164,237) 18,968 167.762 1642371 Current Ilabllltles 84.557 18.968 3A25 Unrestrlrted Funds Deslgnoted Funds Restrkted Funds Balgnce ot 31 Morch 2023 Nov 2021th1•rch 2023 Fund boloncesot ore represented by.. Tonolblefixedossets Current assets cUr￿fit Ilobllltles 137.043 (60.232) 161994 (60.2321 76.811 24.841 101652 20