Chffj rngistrallon number 209925 EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST LEGALAND ADMINISTRATIVE INFORMATION Tws1ees Mr P Orpv•ood Ms E Bell Ms C Hill Mr A R8dlord (Pppobnled 1 N)rl 2023) (Appoinled 11 ￿nI 2023) (hppoinled 22 October 2023) (AFpoinled 22 October 21r23) Charity number 209925 Pnncipal 4ldf•SS 8 Pl￿ry Close &ormgt Fljboiough st Sussex RH20 4FQ M1•pond￿l exknner West & Berry kn'nMI Nile House Nile Slreet Brighl BNI IHW EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST CONTENTS Page Trustees, report Independent examlnerfs repcfl alemenl of fin8naal activities Ba1￿ce sheel Noles to the finanrAal slatements 7.13 EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The tnJstee6 pre8enl their ￿nUal repcfft and financial statemenls lor th8 year ended 31 Decen*er 2023. The Eva Clare Dawthon H￿sing Chaiity (formerty Eva Clare Davidson's Chaiity) vA)ich is also knoT*n as The D8vidson Bequest was estabhshed In 1946 unthr Ihe wll of the late Mts Eva Clalre Dawidson and a 3ub8equent Deed ol As6enl. A sub6tanbal18gw was le￿ived under the ￿11 ol the late Di Dwsy M Sintlh in 1983. The financial gtalements have been prepaved In 8cc(xdanee with the accouniiw policies set wt In rKyle 1 to the InancAal state￿￿18 and Comply ￿lIh Ihe d)anVs govemng &)currnnt. Ihe ChBritses Acl 2011 and "Accountlng Repcarfing by Chathles: Statemenl of RerA>mm8ndod praCts￿ apphcat4e to tharltles preparing th•r accounts In accudance the Financial Rep(x1ing Standard applcatAo In the UK and Republc ol Irel￿d (FRS 102)" (effedive 1 January 2019). Objectives aclivities The thaiity's objects are provfrsion ol low cost hoUs￿g k)f 'gerrfewomen In reths¢ed crcumstanGes'. ThB chaiity ovms two propertses lornted In Stoirir)gton. West Sussex thal prowde ten Self<￿tained fi8t8. There have been no ge in the objects of pol•cies ol the chanty in the year ended 31 Decernb￿ 2023. The chartty has no relaled or co.oF*rabng organtsabms. The Iruslees have paid the regard to W￿ance i88ued by Ihe Charity Cornn￿$s1On m declthng whal athiiieB tho tharlty should undertake. Achievaments and perfomwice The trustees consider the performance of tt)e tharity to have been satsfaclcry The mainlen￿(￿ inprove￿nI of Ihe propeflies and environment provided to beneficianes remain 8 pnority and inyiovements continue to be ma(k. . A new trustee boaid wa5 aFvointed (knring Ihe yeaf and include truslee vAth ¢onsiderable exp8rience in tho field of Ihe homeless and those emp￿Iencing tharKial difficulbes. a85i81 in finth'ng 5Urtablc ten*Wts. The tru81ees have been revi￿￿1n9 Ihe Increaskng lewlab)n Irrposing rrnro coslty 1e8ponsibilil￿ on l￿dIOrdS. FI￿nCIal rev*w The resLIts for Ihe yeai are r￿1 out in the Siatement ol Financlal Athities. The chantyb mwn source of Income contriues lo be defived trom rental ncome and the co8t of repw13 and maintenance of the Properties Is the chanty'8 Incpal expense. The charity iealised 8 deficil befoie any invesiment losses ol £9.593 12022. sury)￿S of £16,258) In the year, there was a loss on dspc6al of Investments of £2,677 12022 piofit Ix) dsposal: £12) and unrealsed investmenl losses of L1 .725 {2022 £71,310). The total nel movemem *) tsnds In Ihe Ye￿ was £-13,995 P022 £-55,040) and unrestricted sI￿d al £624,332 at the year end (2022 £638.327). Reseryes polKy Reserv88 ale hdd foi Ihe fuiure maintenance and evenlual oxtenBiM of the properties. The reserves we Th)t yet ¢onsthfed adequale to embark upon Such an extension. Investsnent polKy The charity's lund5 ale mainly math up of investments. The knVestm￿l policy 18 r8wewed by the trustees at least once a yew Investmenl a(knrx8. Th8 InvB8lment obiective Icff a balance between Incon￿ and gro*th moderate risk has 18main8d ￿thanged. The overall ¥alue of the investment portfolio de(7ea8ed by disposas ol £29.437 and th)v•nYrdrds revaluatson of £1,537, compared to an decrease 01 £71,310 kn 2022. The value ol the IrNestment wrtfolio suffered advef3e aff8cIB trom fising interest rates. The trustees are satssfied wth thB ￿lIent Investment stsalegy and are confident that the value ol the portlolio WU be enhanced in the long *rm. Further infoimaticrfi ts set out In the notes to the finanaal slatements. EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Risk policy The trusiees have ￿Ven cQn8Kl8iAtiL￿ to the nsks to the cknwty 18 exposed and have considered Ihe 6y5tem3 d081gned lo mitigale exposufe to Guth nsks. In paiticd81 Ihe regul￿ trLtstees meetngs a cweful revlew ol the Ghanty's fiJn&ng ￿alISbIe regiwrces to ensure sufficlenl n￿nIeS are hebd for Ihe tharityg ongclng Gosts and gener81 commitments. Plans lor lulU￿ periods The truslees p(Aicy ￿ io conbnue to provlde low c4)st housmg ftv women n red￿ed drcufftslan¢es at an affordal48 cost in a suroortNe and comforlable enviionment. Reseryes are held fDr the luture mainlenance and eventual extenwon of the pi operties. The reserves are not yet wn5Klered adequale to embark Up￿ such ￿ exIenN￿. The trustees have started io look at buildin9 another t4ock al￿g Ihe lines of Ihe plans dra￿ up by the prewous tru5lees In February 1998. Two wtl'ne Planning aN>licationg were made, but relused by Hw3ham ￿3t11cl Counul. Bolh ielusals weie appealed and dg(a810n is expected in late 2024. Struclur•, govem•nce and rn￿agen*nt The charlty 15 a regslered charty In En￿and and ￿￿eS (charity nurtier 209925) al c(msliluted by ts govemlng do Mi63 J A Bakei (Resigned 11 ￿111 2023) Ms J T Wakeford (Resigned 11 ￿)ri12023) PAr P R MHddDck8 (Resigned 11 Poril 2023) Mr P Oipwood (Apptmnted 1 April 2023) Ms E 8ell [ApP￿nIed 11 *>ril 2023) Ms C ￿.11 (Appointed 22 Oclober 2023) MrA Radloid (App(Nnted 22 OclobeT 2023) The truslees may aw)oint new li u8lees as and %then required wowde them wilh the appToKxiate inductM)n trairing to ensure thal they we awJre ol th8 Obligat￿rA of each trustee In law and the need to ￿Sure w(4)ef accwntsng and mveslment of funds. The trustees personally m￿fige Ihe affairg ol the chartty and tske athice trom FYofos8ional athiNofg ¥therever 8ppropriale. No slaff ￿e employed by the charity. The trustees. report appTo¥ed by Ihe Board of Ttustees. Mr P Orpw)od Trustee Mr A Radkrfd Tnjstee 20 September 2024 EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST STATEMENT OF TRUSTEES. RESPONS181LITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Iwstee5 are re¥)onsible lor prepamg the Tiuslees, Repcfft and the finznaal slalements ￿ JCCOfdance Yath arplicatAe law and United KIngd￿n Accounong Standards (United Kngthlm Generally Accepled Acc￿n￿n9 Fl8clice>. The law applicable to charities In Erpjland and Vvales rewre8 the Iru81ees to prepare fin￿da1 statements fof each financAal year vtmch give a true and fwi 4iew of Ihe state ol affairs of the tharty and of Ihe Incoming resour￿5 and applicaknon of reyjwrces of the chatity Icff that year. In prep￿ng these finanaal staiements, the trustees zrfe required lo,. - selecl surtable accwnknng policie8 then appty Ihem ccffjr•iStenty: - observe the method5 and pnnciple3 in Ihe Charlies SORP,. - make iu8ed and explained In Ihe f￿anCIal 8tolemenls: and - Pfepare Ihe finanual 3laternnts on Ihe wing (x>ncern basls unless Il ￿ nakvropnate lo presunw Ihat the d￿rIty wl contrue In ope181￿n. The trustees are respn￿lb1e k>r keeping sullraent accwntrng records that <*sGlose wlh reasonable ￿c￿raCY at anv hme Ihe ffin8ncial position ol the chanty and enable them to 8n8ure that the ffinanaal st*ements comF4y wlh Ihe Char￿.eS Act 2011 . Ihe Charty (Accounts Reports) Regdations 2008 and Ihe proV￿￿n5 ol the trust deed. They ale also iesponsible lor safeguardina the assets ol Ihe Gharty hen(% lof IBking refigonat4e steps ftrf Ihe prevents)n and detectK)n of fraud othw iiiewlaritse5. EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) I rep(xt to Ihe tDJStees cffi my examabon of the financial statements ol Eva Clare Davthon H￿s￿g Charity (fofmerfy Eva Cl8ie Davids￿,5 Charity) (the charfty) Ihe year ended 31 December 2023. Rosp(xbslbllrties and basis ol report As the truGtee6 of the chaiity you regponsible f(K Ihe preparallon of the finan￿al state￿￿nts In 8CCOfdance F•Mth the require￿￿nts of Ihe Cknar*les kl 2011 (the 2011 Act). I report in respect of my exarr#nation ol the chailty's flnancial State￿nts cairied out under seCtIc￿ 145 01 the 2011 Acl. In carrying wl my exaff*nab)n I h￿e IL4lowed au the apptscable DIrect￿nS glven by Ch￿ty Comrnr￿￿n under sectson 145{5){b) of the 2011 Act. hi(kpendenl ex*Thnerfs Statsrn￿t Your aftenbon 18 diav4n to the I￿1 Ihat Ihe tharity has prepared financlljl stbtements n s￿0(dar￿ with AC￿Un11n9 d Repc￿Ing by Charlttes prep￿n9 th￿1 accounts m aC￿ld￿n￿ with the Fin￿￿al Reporbng SI￿dard applicable the UK and Republ￿ of Ireland (FRS 102) in prelerence to the kcounbng and Reportsng by Chawits'e5. Stalement of Re(x)mmended Pracbce iSGued l Awl 2005 vknKh ￿ ielerr8d to in the extant regulabons but has n(vrf been ththap•m. l understand Ihal this has been dcffle In order for fn8nci81 slateff*nts lo k¥0￿de a true t￿￿ ar*Ord￿Ce Generally AC￿pted Ac£wntrng Thactice effeclive repcrt'ng penoth begnnin9 on or after 1 January 2015. I have compleled my examinath￿. I c￿firM that no manets have con* lo my attent1(￿ kn conneclion the exarThnathon gwing me cause to believe Ihat in any materlal respect. ac(x)untino rec￿dS wefe not kepl In resped of the tharty 88 iequired by sectK>n 130 ofthe 2011 Act; or the financAal statements do not accord IhoBe 18COf£k, 01 the fin8noal ylatements do not comply the aFvlicat4e requiremonts concerrnng Ihe form and cfjntent ol accounts set out ￿ the Charthes n liabdity 624.332 638,327 Tlie funds of the Charlty . UnrestrKled 624,332 638.327 624,332 638,327 The notes on pages 7 to 13 torn) part of these financial statements. The fin￿041 8latements y￿re Wproved by the trustees rm 20 Seplembei 2024 Mi A Padlord Trnstee Trnstee EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 Accounting polldos Charrty mlomwlion Eva Clare Davidson Housiw Chty Is • chwity regslered in Enkland and (ch￿lty nun*er 2CB9251. The prlncipal address 18 8el out undef the Legal and AdrnTh8tl81ive details page. 1.1 Accountiry convenl The finan¢Jal statements have been prepared In accordance *ith Ihe charity's governing dO(￿￿nt, the Charrtie8 Act 2011, FRS 102 'The Financ￿1 Reporting Slandard applicable in Ihe UK and Rer4Jblic of Ifeland- fFRS l(r2i and the Chantbes SORP "AccLxJnting Hnd Reportbng by ch￿be6 S18len￿nI ol RecommendEd Prathce applKable to tharthes weparing tr￿lT accounls in 8jc￿>1dance wllh the Financial Reporting Standard appliG8ble n the UK and Rewblic ol Ireland (FRS 102>" (effecbve l j￿U5ry 2019). The chanty ￿ 8 F4Jblic Benefit Entsty as defined by FRS I (Y2. The tharity ha6 lak￿ advantage ol the wovi&'cmB in Ihe SORP lor tharhles nol to prepaie a &alur*nt ol Cash Flows. The fin￿aal statements have departed from Ihe Ch￿l￿e$ (AcC￿nts and ReportB) Regulathorts 2008 onty to the eitenl remic benefits be rewwed in setttemenl, and the al￿￿1 ol the obligabon can be rne￿8￿ed reliably. Expenditure Is classified by The costs ol exh acthvty we made up of the total of cthts shared C¢￿ts, Induding suppcrt CC6ts Involved In ￿derta￿'Thg each athty costs attr*>utatde to a smgle vity are all￿ated dwedly to thNt adivity. Items of a captal nature are reflected on Ihe baknnce theBI if they can be used for frnie than one yew and Ccffjt al loJBI £1,000. 1.6 Tangible fryod assets Taiigble flxed assets Tepresenl thH value ol land and t￿ldIng8 acquiied indusive of all Ca)sts aTrJ 1808 and ￿e lThtsalty me88ured #l cosi and SLknsequenlly Th￿&sured al CQSI 01 net re2a￿able vakne. DepreaaOM fs fecogn15ed so 88 to ofl Ihe cosl or va￿a￿on of a88ets less their re%￿al Va￿e3 over Iheir usehl INe3 ￿ Ihe lomowing bas"s: Freehold land and buklngs no deryeaatr￿ on land The gam or1088 arising on the dlsposal ot an a8881 is delernlned as the differen(x betV•Een the sak ￿￿eedS d the cwrying Value ol the asset. and 18 Veco￿lsed kn the statemenl of fin8naal acbwbes. The cost of txjildings was Kjlly depreciated as at Isl January 1999 and are sbll kn use for direct charllable purposes. Subsequent experthre of a wital nat￿e ￿￿rred cffi Imwoving lh8 budilngs ts deprerAated over 5 years by ewal ￿T￿talMen1& The m¥ket value of Ihe land and buildings is consldered by Ihe tru81ee8 lo be substant'al but no vJSuabon ha8 been comnw5610ned, The propertks are central to the tharty's 8cb'vities. 1.7 Flxed asset inveslmonts Fixed assel investments are Inrtially me8sufed at transacb)n pnce 8xduding transacllon &)sts. are subsequently measured at lak value al each reporting dale. Changes in fair value are wecognised in net mel{expendlure) for the year Tran8adion cosls are expensed as Incwred. 1 ￿ Impalrment of I￿•d assats At eath report￿9 end date, Ihe tharty rew8W8 the carry￿9 arnO￿ts of rts lang￿10 8ssels to deteiThdne ether there IrKlication thal those assets have suffvred an inyaiiment h)ss. If any such mdratson extsts. the recover￿le amounl of the asset ￿ ests'maled in order to determine the exlw)l of the impaifir*nt 1089 (If any). 1.9 Cash and cash •quivaknts Cash aiid cash Lquivalents incknde Cash in h￿d, deposits held al call bank8, other shcfft-term liquid invesiments wlh original m8lurilies of three months or less, and bank overthafts. overdrafts ar8 sh(v•m within b￿rOwIng8 in current liat4h'bes. 1.10 FIn￿G￿l inslwmonts The tharity has elected to apk4y Ihe wow5ions ol Section 11 'Baslc Financial Instrumerts, and Secticffi 12 'Othef Finanual Instrumen18 188ues ol FRS 102 to all of ts financial instruM￿t￿. Fina￿￿1 knstruments we recO￿￿d In the charlty's balance sheet Ihe tharty becomes party lo the contractual prowwons of the instrument. EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polkles (Continuedl Basic fnancial assets. ￿dUde deknl(n and cash and bank ba12mces, are measured ai transacts￿ pr￿e indu<*ng trènsaclion costs are subsequently cwried at arno￿9ed cost U￿ng Ihe effethe interesl methLMJ urdess the anangement C￿3￿.1uteS a fmancing transa¢b'M, vknere the ITanshctson 19 measured 8t the pfefient ¥&lue of the luture recelpts discwnled 8t a moikel ia1e of interest Finarboal a66ets clas6i&ed as fecw'vable vAthln one year are nol amut'sed. Bask financial h"abiliti•S Basic firiancial liabrfitses, incluthng Gre<*torB and bank loans ¥e inlllaly recognbsed at traroxtson piice wilesg the arrangemenl (x>nshlut88 8 financing transactson. where the debt n8trumenl ts measured at the presenl v8lue of Ihe fUl￿e payments discounted at a markel rate of interest, Financial liabilibe$ clasNfied as payable ilhin one year are not am(Ytssed l)•rncognition ol thanclal Nablffffes Finanoal liabil￿e$ are dere¢0￿￿Od the charity's contra¢fval otl6gabons exwre oi we (tscharged or canGelled Income Ir(rfn chantsbl• activiti Unrestrthd lknrestnd•d funds lund5 2023 2022 Chartable mcome ChantatAe rental income 42240 40.535 Income from investments funds 2023 lunds 2022 Income trom listed Investw¢nts Interest receivabl• 12,264 2,389 9,994 634 14.653 10,628 EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Chafilable aciivlts.es Charrtable Charitabl• ExP￿di￿re Expendrture 2023 2022 Propwty fepaits and makntenance Cwnul tax and water rates InsLrance Garden maiitenance Elecliicity Cleaning LettrTrJ agent fp.es DonaiKJns pahd 49.705 2554 3,177 1 ,900 1 .562 190 3.CrfJO 20,766 2,792 2.420 1.479 1.201 250 2,510 35 62.088 31,453 Sh￿e ol govemance costs (see note 5) 3,498 2,552 65.586 34.005 Support costs alIc￿￿ed to xtivrtie5 2023 2022 Govemance costs 3,498 2.552 Analysed be￿een. Chaistable aL￿¥1￿£S 3,498 2,552 2023 2022 Govemanc• costs comprlse: Legal and profe&won81 Accountancy Trustee expenses 1986 1,512 1.092 1.440 20 3.498 2,552 Governance costs Inchjde payments to the Independent examinern of £1,200 + VAT (2022: £1200 +VAn for accouniancy lees. 10. EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 TNstees None of the truslees (or any persons rnnneded them) re¢elved t￿Y rerTwner8tM oi benefftg from the charty during the year. There was rK) trL￿Iees expenge9 re1m￿rned In the year (20Z2: £20 lof 8ub8istence for trustee meeb'Trg5.) Employees The average mcffithly number ol enyloyees during the yew ￿5. 2023 Number 2022 Numb•r Tolal Thtye were no ernploye8s annual renwnerabon was more Ihan £60.000 Oth•f •XP•M11￿ye Lknrestrl¢tÉxl lthrpstricted fund5 lunds 2023 2022 Investmenl ccffjts 9JO Gams Ioss•5 on inv•stments Unrestricled UnrestrKted nds Ivnds 2023 2022 Gamslllossesl ¥M￿n9 ( ReValuat￿ft of fftvesljnents Sale of investments (1.725) (2.67n (71310) 12 (4.402) (71298) 10 Taxallon Tho charty ts exempt from taxa11on on its aciMts"es, beca￿0 all Income Is ap￿led for chrtble purposes 11 EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 310ECEAIBER 2023 11 Tangible fixed assets Freehold land Cosl At l January 2023 14B.2D4 At 31 December 2D23 148,204 Oeprnciation impairn￿t Al l January 2023 146204 Al 31 Decenl)er 2023 146.204 Carryry amount At 31 DeGerTtser 2023 At 31 December 2022 12 Fix•d ass￿ inveslnwrts Listed C051 or valuatlon At l JanuKy 2023 Valukn'm th￿ge9 Disposals 341,763 11.7251 (29,43n Al 31 De￿￿1)er 2023 310.601 Carying anwwnl 31 Decefflkr 2023 310.601 At 31 Decembei 2022 341.763 2023 2022 lrnie9trnents at fat value conynse. L18ted on the London Stock Exthawe Open Ended Investment Company Listed on the Ch￿n￿lIS18ndg Secwilks exchange 248.599 55 177 6,825 278,771 54,111 8,881 310.601 341.763 13 Bank baL*Ke$ The bank balance includes COIF Charfaes Dep061t FLmd of £46.745 (2022. £44,524) held CCLA Investment Manayemenl Limiled. 12- EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2023 14 Debtor4 2023 2022 Amounts lalling due wthin ong year. epayments and accrued 25.963 10.268 15 Creditors: aff￿nts fallry due within cffj• year 2023 2022 Trade c¥e(*tc Cxhv cr8ditOl8 Acc￿81$ and deferred incoffle 1247 603 1.535 1.821 3,654 2.IJB 16 UnfBStricled lunds The unresthclvd funds of the chanty CC*mwse Ihe tmeipended balances ol donabons gvants are not FAibJecl to Specific cMditsons by and giant015 as lo how they may be used These iidude designated Itmds Mthich have been set aslde out ol unrethcted funds by the twstees tof specific W￿09e8. Galns and At31 sses D•c•mber 2023 At 1 January kncoming Resources 2023 resources •xp•nd•d Trnnsl•rn BuilLthng Repatr Reserve G￿81￿1 fund9 3c4J,oc4) (300,OCQ) 300.(M)O 324,332 638,327 56.893 (66,486) (4.402) 638.327 56.893 (66.486) (4.402) 624,332 Previous year. At 1 January 2022 Incoming rnsourc•s Resources expended Translevs Gains and A131 loss•s December 2022 General fijnds 693,367 51,163 134.905) 171,298) 638.327 17 Fair value adJUstTr￿ts Accumulated reseNes in¢lude laii value adjuslrnnts totallng £196,973 (2022". £198,041), 18 ReL*ed party trnsactKxis There were no thsdos8ble ielaled pty transactk)ns thring Ihe year (2022 nffle). 13-