**Charity registration number 1205407 (England and Wales)**
## **INSYNC**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2024**
## **INSYNC**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mrs D Bayfield||
|---|---|---|
||Mrs C Ali||
||Mrs N Burton||
|**Senior Management**|Mrs Sally McFawn|Managing Director|
||Mrs Kimberly Stewart|Service Manager|
|**Charity number (England and Wales)**|1205407||
|**Registered office**|Tagus House||
||9 Ocean Way||
||Southampton||
||Hampshire||
||United Kingdom||
||SO14 3TJ||
|**Independent examiner**|HJS Accountants Limited||
||Tagus House||
||9 Ocean Way||
||Southampton||
||United Kingdom||
||SO14 3TJ||
||United Kingdom||
||SO14 3TJ||
## **INSYNC**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Statement of trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 17|
## **INSYNC**
## **TRUSTEES' REPORT** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
The trustees present their annual report and financial statements for the period ended 31 October 2024.
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, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
## **Objectives and activities**
To advance in life and relieve needs of young people through the following:
- The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
- Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
## _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 Charity relies on time given by volunteers including senior management, trustees and general volunteers. Volunteered time supports all areas and projects undertaken by the Charity.
The board of trustees consider volunteers an important and invaluable resource and as such the time given by volunteers has not been measured financially within the financial statements.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
During the period, the Charity delivered services to over 1,400 members of the community. These services included, but were not limited to:
- Group work
- Drop ins
- One to one support
- Advice sessions
- Support with paperwork and advocacy
We have delivered workshops in multiple locations across Hampshire and have upskilled professionals in the community to offer more inclusive services.
- 1 -
## **INSYNC**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
In addition to the above, the Charity delivered the following projects during the period:
## **InSync Family Support**
Delivering workshops and drop ins for families who have children struggling with disability or mental health, to alleviate anxiety and provide practical and emotional support through play and advice. This was also delivered in one to one settings in the community and local schools.
## **Empowering Families Living with Disability**
A project that works with specific families to build practical and emotional support plans around living with disability.
## **Dancing with a Difference**
A dancing project to support young people who identify as disabled. The group provides an inclusive environment for young people to access to physical activity. Building skills and confidence to support them in future endeavours and give them a safe space to reduce isolation.
## **BoXed**
A boxercise project to support and provide an inclusive environment for young people to access physical activity. Building skills and confidence to support them in future endeavours.
## **Financial review**
The Charity is still in a period of growth following its conversion to a Charitable Incorporated Organisation on 25 October 2023.
As at 31 October 2024, the Charity had total incoming resources of £84,426 (2023: £26,405). A significant proportion of income during the period is restricted for specific projects, total restricted income is £77,916 (2023: £21,244) for the period.
Total expenditure during the period is £62,697 (2023: £22,034) of which £56,775 (2023: £16,517) relates to restricted fund expenditure.
Note 18 provides detail of restricted fund movements by fund.
## _Reserves policy_
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s unrestricted expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.
## **Structure, governance and management**
The Charity was converted from a Community Interest Company to a Charitable Incorporated Organisation (Charity Registration Number 1205407) on 25 October 2023.
The Charity is governed by its constitution dated 25 October 2023 and amended 23 January 2025.
Until 23 January 2025 the Charity operated under the name Educating Individuals Empowering Families.
The trustees who served during the period and up to the date of signature of the financial statements were: Mrs D Bayfield
Mrs C Ali Mrs N Burton
## _Recruitment and appointment of trustees_
Recruitment and appointment of trustees is completed in accordance with the Charity's governing document.
Trustees are required to complete relevant checks before appointment such as DBS (Disclosure and Barring Service) Checks.
- 2 -
## **INSYNC**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
The trustees' report was approved by the Board of Trustees.
Mrs D Bayfield **Trustee**
27 August 2025
- 3 -
## **INSYNC**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -
## **INSYNC**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSYNC**
I report to the trustees on my examination of the financial statements of InSync (the Charity) for the period ended 31 October 2024.
## **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.
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
- 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: 1 accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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.
## **Sarah Corbett FCA DChA**
## **HJS Accountants Limited**
Tagus House 9 Ocean Way Southampton Hampshire SO14 3TJ United Kingdom
29 August 2025
- 5 -
## **INSYNC**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
5,206
76,926
Charitable activities
**4**
1,260
990
Other income
**5**
44
-
**Total income**
6,510
77,916
**Expenditure on:**
Raising funds
**6**
-
469
Charitable activities
**7**
5,922
56,306
**Total expenditure**
5,922
56,775
**Net income and movement in**
**funds**
588
21,141
**Reconciliation of funds:**
Fund balances at 25 October
2023
1,840
4,727
**Fund balances at 31 October**
**2024**
2,428
25,868|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
82,132
2,501
21,244
2,250
2,660
-
44
-
-
84,426
5,161
21,244
469
-
-
62,228
5,517
16,517
62,697
5,517
16,517
21,729
(356)
4,727
6,567
2,196
-
28,296
1,840
4,727|**Total**
**2023**
**£**
23,745
2,660
-|
|---|---|---|
|||26,405|
|||-
22,034|
|||22,034|
|||4,371
2,196|
|||6,567|
The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
- 6 -
## **INSYNC**
## **BALANCE SHEET**
## _**AS AT 31 OCTOBER 2024**_
|**2024**
**Notes**
**£**
**Fixed assets**
Tangible assets
**13**
**Current assets**
Debtors
**14**
2,495
Cash at bank and in hand
51,161
53,656
**Creditors: amounts falling due within**
**one year**
**15**
(25,676)
**Net current assets**
**Total assets less current liabilities**
**The funds of the Charity**
Restricted income funds
**18**
Unrestricted funds
**19**|**£**
316
27,980
28,296
25,868
2,428
28,296|**2023**
**£**
594
13,797
14,391
(7,990)|**£**
166
6,401|
|---|---|---|---|
||||6,567|
||||4,727
1,840|
||||6,567|
The financial statements were approved by the trustees on 27 August 2025
Mrs D Bayfield **Trustee**
- 7 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **1 Accounting policies**
## **Charity information**
Insync is a Charitable Incorporated Organisation, registered in England and Wales (Registration Number 1205407). The Charity's registered office is Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ.
## 1.1 **Reporting period**
Following the transfer from a Community Interest Company to a Charitable Incorporated Organisation on 25 October 2023, the financial statements have been prepared for a period longer than 12 months.
The comparative period is a short period of account starting 1 January 2023 to the date of transfer to a Charitable Incorporated Organisation.
## **1.2 Accounting convention**
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
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. The principal accounting policies adopted are set out below.
As advised under the Charities SORP (FRS 102) the financial statements have been prepared in accordance with Section 27 paragraph 27.12 and paragraph 27.13, accounting for mergers.
## **1.3 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.
## **1.4 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.
## **1.5 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.
- 8 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **1 Accounting policies**
**(Continued)**
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.
## **1.6 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.
## **1.7 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 33% straight line Computers 33% straight line
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.
## **1.8 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).
## **1.9 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.
- 9 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**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.
## _**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.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 10 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **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**
**2024**
**2024**
**£**
**£**
Donations and gifts
939
-
Grants
4,267
76,926
5,206
76,926
**Income from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Youth support services**
Invoiced services
1,260
990|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
939
-
-
81,193
2,501
21,244
82,132
2,501
21,244
**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
2,250
2,660
-|**Total**
**2023**
**£**
-
23,745|
|---|---|---|
|||23,745|
|||**Total**
**2023**
**£**
2,660|
## **4 Income from charitable activities**
## **5 Other income**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Other income|44|-|
- 11 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **6 Expenditure on raising funds**
|||**Restricted**|**Restricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Fundraising and publicity**|||
||Advertising|469|-|
|**7**|**Expenditure on charitable activities**|||
|||**Youth**|**Youth**|
|||**support**|**support**|
|||**services**|**services**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Direct costs**|||
||Staff costs|48,024|15,659|
||Resources|1,821|1,366|
||Refreshments|673|105|
||Travel|3,151|-|
||Subcontracted costs|2,438|281|
||Venue hire|420|334|
||Legal and professional fees|13|-|
|||56,540|17,745|
||**Share of support and governance costs (see note 8)**|||
||Support|4,312|3,125|
||Governance|1,376|1,164|
|||62,228|22,034|
||**Analysis by fund**|||
||Unrestricted funds|5,922|5,517|
||Restricted funds|56,306|16,517|
|||62,228|22,034|
- 12 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **8 Support costs allocated to activities**
|Staff costs
Depreciation
Printing and stationery
Marketing
Computer and website costs
General office costs
Insurance
Meeting costs
Subscriptions
Governance costs
**Analysed between:**
Youth support services
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets|**2024**
**£**
2,084
239
52
880
572
286
88
49
62
1,376
5,688
5,688
**2024**
**£**
900
239|**2023**
**£**
1,964
90
34
338
447
8
244
-
-
1,164|
|---|---|---|
|||4,289|
|||4,289|
|||**2023**
**£**
-
90|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the period.
## **11 Employees**
The average monthly number of employees during the period was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
||4|3|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|49,461|17,623|
|Other pension costs|647|-|
||50,108|17,623|
- 13 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **11 Employees**
**(Continued)**
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Aggregate compensation|29,610|14,280|
## **12 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **13 Tangible fixed assets**
|**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**Cost**
At 25 October 2023
-
329
Additions
120
269
At 31 October 2024
120
598
**Depreciation and impairment**
At 25 October 2023
-
163
Depreciation charged in the period
40
199
At 31 October 2024
40
362
**Carrying amount**
At 31 October 2024
80
236
At 24 October 2023
-
166
**14**
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Corporation tax recoverable
-
Other debtors
2,165
Prepayments and accrued income
330
2,495|**Total**
**£**
329
389|
|---|---|
||718|
||163
239|
||402|
||316|
||166|
||**2023**
**£**
594
-
-|
||594|
- 14 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **15 Creditors: amounts falling due within one year**
|**Notes**
Corporation tax payable
Other taxation and social security
Deferred income
**16**
Other creditors
Accruals|**2024**
**£**
-
-
24,651
85
940
25,676|**2023**
**£**
1,046
610
2,934
3,400
-|
|---|---|---|
|||7,990|
Included in 2023 is a corporation tax liability arising under the previous Community Interest Company. As the Charity is exempt from tax on its activities we do not anticipate any future corporation tax liabilities.
## **16 Deferred income**
|**16**
**Deferred income**|||
|---|---|---|
|Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the period:
Deferred income at 25 October 2023
Released from previous periods
Resources deferred in the period
Deferred income at 31 October 2024
**17**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
24,651
**2024**
**£**
24,651
2,934
(2,934)
24,651
24,651
**2024**
**£**
647|**2023**
**£**
2,934|
|||**2023**
**£**
2,934|
|||-
-
2,934|
|||2,934|
|||**2023**
**£**
-|
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.
- 15 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **18 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 25 October**|**At 25 October**|**Incoming**|**Resources**|**At 31 October**|**At 31 October**|
|---|---|---|---|---|---|---|
|||**2023**|**resources**|**expended**||**2024**|
|||**£**|**£**|**£**||**£**|
|Beewell Partnership||-|1,430|(483)||947|
|BoXed||-|2,587|(2,521)||66|
|Dancing with a Difference||-|16,385|(11,917)||4,468|
|Empowering Families Living with Disabilities||983|13,589|(9,895)||4,677|
|InSync Family Support||3,744|43,925|(31,959)||15,710|
|||4,727|77,916|(56,775)||25,868|
|**Previous year:**|**At 25 October**||**Incoming**|**Resources**|**At 24 October**||
|||**2022**|**resources**|**expended**||**2023**|
|||**£**|**£**|**£**||**£**|
|Empowering Families Living with Disabilities||-|7,276|(6,293)||983|
|InSync Family Support||-|13,968|(10,224)||3,744|
|||-|21,244|(16,517)||4,727|
## **19 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.
||**At 25 October**|**Incoming**|**Resources**|**At 31 October**|
|---|---|---|---|---|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|1,840|6,510|(5,922)|2,428|
|**Previous year:**|**At 25 October**|**Incoming**|**Resources**|**At 24 October**|
||**2022**|**resources**|**expended**|**2023**|
||**£**|**£**|**£**|**£**|
|General funds|2,196|5,161|(5,517)|1,840|
- 16 -
## **INSYNC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 OCTOBER 2024**_
## **20 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 October 2024:**
Tangible assets
316
-
Current assets/(liabilities)
2,112
25,868
2,428
25,868
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 24 October 2023:**
Tangible assets
166
-
Current assets/(liabilities)
1,674
4,727
1,840
4,727|**Total**
**2024**
**£**
316
27,980|
|---|---|
||28,296|
||**Total**
**2023**
**£**
166
6,401|
||6,567|
## **21 Related party transactions**
There were no disclosable related party transactions during the period (2023 - none).
- 17 -