REGISTERED CHARITY NUMBER: 22YJ67 REPORT OFTHK TrUSTEES A14D UNAUDITED FIliANCIAL STATKMENTS FOR THE YEAR ENDED STH APRIL 2024 FOR GARGRAVE POOR'S LAf4DS CHARITY Ainsworths Limited Chartered Accountants Chart¢r Howe Stsnsfield Street Nelso LaDc4sbire BB9 9XY
GARGRAVE POOR'S LANDS CHARrrY CONTENTS OF THE FLNANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 Page Reference and Admllltstrxtive Detalb Report of the Trustees Independent Kxamlner's Report Staternent of Flnancial Aetivltles Balance Sheet Notes to the Flnancial Statement$ to 14
GARGRAVE POOR'S LAf*DS CHABITY REFERENCE AL¥D ADMThISTRATtVE DETAtts FOR THE YEAR EfqDED 5TH APRIL 2024 TrusrKES PDElli5 l Reed.Peck Mrs C J Cbarlton Mrs J Gan]er (resigned 19.1.2024) Mrs S Aldous (appointed 15.8.2024) PRINCIPAL ADDRESS High¢rlaud Hous¢ lest Street Gargrave Skipton ¥oTth Yorkshire BD23 3RJ REGISTERED CHARTrY 225067 INDEPELYDENT EXAMINER AInswoTtt Limiied clered Accountants Charter House Stansfield Street BB9 9XY ANKERS HSBC Bank PIC 61 High Street SkiptOD Nlortb YoTksbi BD23 IDW SOLICITORS Weightmans LLP Westgate Point INVESTMENT ADVISERS Brewin Dolphin Securities Limited 10 Wcllington Place LSI 4AN Page I
GARGIL4VE POOR'S LANDS CHARITY REPORT OF THE TRUSTEES FOR TFIE YEAIi ENDED 5TH APRIL 21n4 The tmstees present thetr report with th¢ financial 5tatemetrts of the chirity for the year ended 5th April 2024. The trust$ have adopted the provisions of Accounting and Reportitig by Charities.. Statrment of R¢wnurAended Practice applicable lo charities preparing their accounts in accordance with the FinaThciai Reportffing StaJLdard app]icable ilk the UK and Ilepublic of Ireland (FRS 102) (effcctive l January 2019). OBJECTIVES Af4D ACTIVITIES Objectives and aims Income The income ofthe charity is derived from three sources: {a) annual rent from the tenallt of tbe leEs¢d property known a5 Ybe Black Horse Hotel, Hellifield.. Ib) 8mnual rents from two parcels of land let out for farn] gra7in& and (c) iut¢r¢st from an accoullt held at HSBC plc and COtF itlvesthient dividends 8lld COIF deFWit accounts. Expendithre The original wording of the airns of the cbarfftty w&% "To bEnefit the pwr alld n¢edy of Gargraye, B5hton, Flasby, Coniston Cold, Banknewton and Wlntethurn who are not io receipt of Parish Relief,. This is currently interpreted so that the charlty aims to provide fjnattcial assi5tallc¢ to any pern]aneD( resident within the alx)ve ge0phiCal linjits provided , in th¢ trustees, opio10 any such &ssistaJkce is jLqtified by the CircumstseS of the c&se. During the year ended 5 Aprtl 2024 the trustees were able to provide &ssistsnce to all cases that mad¢ r¢quests. This ineluded a llwnber of educational SIStance requests. The charity does not ¢0[te with ally other in the pwsutt of its ain. The cbarity promotes its aetivities by advertiSiDg IoGally. Publle benefit The tmstees are confident that the charity offers services of real alld prath1] us¢ to the local population and tberefore ¢omplie5 with the responsffibiIity placed on all charities under th¢ Cbaritie5 Act 2011 to demonstrate a public benefit. ACHtEVEMENT ALYD PERFORtWCE Charltsble aetivltles The charity has respond¢d 5uccessfulty to the nee&8 of 4)plicatts througbout th¢ year. No applicants for financial assistance had to be tumed down due to lack of available fids. However, looking forward, the financial position bas hallged substpnlially with ihe iDcome from the Jnain a&seL rhe Black Horse pub, teasi]ig. And significallt costs incu in the next fincial year with regard to work on rtrletting or Éhe sale of the asset which may affect our ability to respond to applicaDts. DLwing the year ended 5th April 2024 the trustee5 bav¢ agatn wovided assistance towar(L8 the cost of maintenance. books and tuiiioL fees to Gertain 5tyd¢Dts who are based 1[bIll the clwitvs geographical area. The trustees haye ¢xt¢nded this typ¢ of finan¢ial sUPPOrt to studenis based wttbin the cChment area tts assirt them in taking Yocational further educational courses al other vocational trdining. The trnstees Ixlieve that the current value of The Black Horse illcorporatl in the fjngllcial statements for the year end 5th April 2023 undervalued tbe asset a]Ml new valu¢ bas been illcluded in the accounts. Durtllg the period of the accounts limit¢d rent ha5 been w¢ived with no real prospect of ¢0Very. Court aetion to recover control of the pub took place just following the period of ÉELese accounts. SIlfiCant eosts for this will be included in the next perkod of accounts.
GARGRAVE POOR'S LAP4DS CIIARITY REPORT OF THE TRUSTEES FOR I'HI YLAR LNDED 5TH APRIL 2024 FtNANCIAL REVtEw Financial position The [nteeS report net outgoing resources of £6.329 (before iDvestmeDt revaluations) for the yw ended 5tb April 2024 (2023.. net incoming resource5 £10,115). The deficit has arisen due io diffiGulti¢s wll¢rtiDg th¢ Teut fro the investment &sseL and associated legal costs incurred in tyllig to tr¢ov¢r these fimd5 from the tenanL The net movement in fimds, after taking into account investment reVa]u10ns. was a gain of £297,234 (2023.. deficit £12.378). The gtiin on invesmient revaluations wa5 £297,234 for tbe }'ear (2023: deficit £22.493) ti b¢cowe apparent that the charittrs inveslment asset was significarntly undervalued in the acrouuts. Investment policy and objectives The ckwity's powers to invest are govemed only by the Trusiee InVestmet ACL 2001. The iThvestmenl policy of the trustees tskes account of recent requests for as5isthnce and the qualits. of the applieatioDS. In &ppl)qng this policy the truste¢s consider the Incon requirements of the charity, the risk profile of its inv¢slm¢nts and markd prospects in the medium terni. The overall polic> of thE trwsiee5 is that th¢ Capitsl Fund EDdoMTnent is to be invested in low and medium riyk investments Mqth a view to Ensuring that the capitsl appreciation of the fimd typically exceeds intlation, &% MurEd ov¢r peri(th of three to five years at a time. and the utrestrlcI fimds are to be substalltially invested readily realisable &ssets. The wvestrACted fijnds may invested in any type of inYestrnenL Reserves policy It is the policy of the trustoe5 to mov¢ the level of the free reserves of the charity to at a level which equates to approximately twelve OnthS anticipated unrestricted expenditijre. This should provide sufficient fL]nds io cover anag¢menL adrninistration and support costs alld io respond to wuests for emergency assistance whi¢h aTise from time to time. The free reserves (being unrestricted fjmds not invested in fjxed &s5ets) wcre £95,567 as at 5th April 2024 (2024.. £101,896). The tsustees believe that the cllarity ba5 suffici¢llt res¢ry¢s to n)eet the anticipated demand for assistgnce for the foreseeable future. FUTURE PLANS The trustees lorcsee no ¢h8nges in theiT objectives in the forthcoming year. STRUCTURE, GOVERNANCE AND MANAGE.MENr Goyerning doeume]Jt The clthrity is controlled by its governing documenL a deed of trLL8t and COn#ibts an unillwrpoTat¢d charity. The Gargrave Poor's Lallds ajarity rth¢ cbartty") is aD lDrpOrated charity registered with the Charity Com1$510¢T5 (r¢gistration llber 225067) on 1st April 1964. The charity is controlled by its goveming docurnent- Report on the Partsh Cbarities dated 2?nd Jalwary 1825, an enqutti. retK)rt of 17th August 1893 and earlier undated paperbelieyed to have beelk wrttt¢n in 1763. Recruittllent and appDiDtmeDt of neiv Iru5tees Currently there are 4 trustees. Replacement ttlees are usuaIly hdentified by the Chaimw and the other trustees. The criteria a that any new trllstee shou]d possess experiellce (which may take various forms. e.g. ConEial, financiaL mediation) and Iwl knowledge which are lTri el to benefrt the charity. ThE aPP)yal alld appointtn¢nt of all new trustees is the responsibffility of Garwave Parish Council. Th¢ n¢w tnLSt¢es are trained by the existing trustees. Risk management The trnstees have examined the major SLrategi4 business and operational risks which the dwity faces and confjm that they keep the incidence of these risks under review. They will proc4Jre appropriate and tllllely professional reports in respect of Such risks as they develop. The ¢lJarty h&s no legal obligations or ongoing commitments and in this respect no major risk exists. Page 3
REPORTOF THE TRUSTELS FOK TIIE YF.AR F.NDF.D SfH APRIL 21)24 STATEMENT OF TRUSTEFS, RESPONSIBILITILS The tN8te65 r&spon&ble for prEpari the RqK>rt of &nd the financiBI statemEnts in accordance with applicable lawatmt Unitejj t(ItigthmAccounti StaThJards (Ullit K]DgdomGa)IY Ar£eptedAttiNJtrttng Pta¢tier). The law appli¢able lo charities in England the Ch&riti< Act 2011. Cknrity (A¢o)unts and Report8) RegLd%tioDS 21X)8 2Dd the pn>)rysN)]L8 of the tDJsX deed wuires the trusttts to prepare fi]1121 stkleweDts ts ¢h fin?li81 year wbi¢h give a and fair view of the state of affairs of the chlty and of the Inco]ng te50urces a1 applicatiott of Tesourcc4 including the inc( atKI eXpcndj of the cbarity for puio& In pr2p&riDg tho¥ select suitable accountittg policies and thett apply tkn cowisnt]y' observe the methodsand princip1¢8 tn the Chlty SORP. Jake jud8¢mEnts and ¢stimates that3 ipasonable ard . prep tb¥ fjttancial #At¢rt]¢tsts on the 80iDg Conc basis wjkss it ts to pff$w that the cb8rity will contittlle inlA]sillfx& The trustw r¢5pon5ib16 for keepinE propw record5 which di1 wrfh rea4onable accutwjy at any time the tinanciai rKFsition of th# Charity and ts enable tl*m that the financioj StatenW COTtwly with thc Challties Art 2011, the Charity (AKounts ajd R¢p)rts) Rylations 2)8 and the pIDIlOnS of the ttust deed They are also tr6pou&ble safeguarding assds ol tlLe rlwiiy arKI hw¢e for lakÈng rra50lla)le 51415 for eVent)n detection of fraudalld othcr irregulariti&% l ! ./.I1_!.4.......... Approyedby order of the iN)ardoftrDste¢s on_... . .. .. ...... atk4 sigDedoAitsbekn]fby'. Reed.Peck. Th]5te Page4
INDEPENDENf EXknMINER'S REPORT TO THE TRusfELS OF e.ARGRAVE POOR'S LANDS CHARITY - Independent examiner's rep)rt to the trllstets ofGargnve Poor's lld5 ChArity I report io the charty truste¢s on my examination of the accounts of Gargrdve Poovs IAllds Cljarity (the Tnjst) for tIL¢ y¢ar ended 5th April 2024. Responsibi]ities aDd basis of report A5 the charity tteeS of the T]ust you are reS)1711e for the preparation of the acwunts in accordmce with the r¢quir¢m¢nts of the Chariti¢$ A¢t 2011 Cthe Acff). I report in respe£t of my examination of the Trust's accoullts carried out UDd¢r Section 145 of the Act and in carrying out my examination I have followed all applicable Direction5 given bj the Charity CommiOn Uttr Section 145(5)Ib) of the Act. Indendent ¢5tr,$ stst¢m¢nt I have completed n)y examinatioll. I confirni that no material have cotue to my attention ITh connection with the examination givfftllg me ¢ause to believe that in any nmkrial r¢5ECt accounting records were not kept in respeth of th¢ Trn# &5 required by S¢¢tion 130 of the Act. or the accounts do not accord with those re¢ords' or the a¢c4)unts do not cim)p]y with the applicable requiremetts concerning tbe forni alld coTht¢llt of aw)unt5 Set out in the Charitie5 (Accounts and Reports) Regu]ations 2008 other all). requirement that the accounts give true alld fair view which is not a lltter WD3id¢red as part of aD independent exajniO I have no concerns alld have cojne across no other TDatters in CODrtection ith the ¢xamiDation to which attention should be drnwn iti this report in order to ¢n#bl¢ a proper understanding of th¢ accounts to be reached. Michael Heys FCCA ACA AiD%WOrtbs Limtted Chartered Accountsnts Charter HgV5¢ Slansfield Street Nelson Lanc&%hirc BB9 9XY Dat¢: ...... Page 5
GARGRAVE POOR'S LT>s CHARITY STATEME.N'T OF FINA.NCIAL ACTIvrrIEs FOR THE YEAR ENDED STH APRIL 2024 5.424 Total ruDds 5.4.23 Total flnds Unrestricted Restricted fulld fid Notes INCOME AND ETrIDOWmEErS FROM Donations and legacies 67 67 Investent inc4)me Other in¢om¢ 2ffj165 &915 26,165 $915 23,960 5,741 Total 31147 32,147 29,701 EXPE1)ilRE ON Charitable activities Educational assistance Hardship relief IOW2 &120 10042 8,120 8,788 3,584 Other I914 19,514 7.214 Total 476 38,476 19,586 Net gainsl(losges) on investments 303,563 303,563 (22,493) NET INCOMEIIEXPENDITURE) (6J29) JO3563 297,234 (12,378) REcof4CILIATION OF FUNDS Total funds brougJ]t forward 101.896 306274 408,170 420,548 TOTAL FUNDS CARRIED FORWARD 9S567 609,837 705,404 408,170 CONTif4Ull¥G OPERATIONS All ittcome alld expettditure has arisen from ¢OntinuU a¢tivities. The notes formpart of the fittsn¢ial statements Page 6
GARGKiVE P(K)RIS LANDS CHARITY BALANCE SHEET stH APRII. 2024 5A24 Totsl fiinds 5.423 Total llds FIXED ASSETS Invegtments InVestents Tnveslnent pr(wty 114337 4500 114W7 49&00 96,274 210,000 19J37 frt19W7 306274 CURRENT ASSETS Debto Cash at bank io yii 91,053 8,811 91,1153 9,235 99,742 9964 99 108,977 cREDoR5 Atllounts faltillg dllewithtn 0year 14297) (7,081) rqET CURREINry ASSEIS 67 67 101,896 TOTAL ASSETS LLSS CURRENT LLIBILITILS 70SA04 408,170 NET ASSETS 61197 ?1,404 408,170 FUNDS UmTstrict fvnds Restrided fvnds 12 95J67 609W7 101,896 306274 TOTAL FUP4DS 70i.404 408.170 The fuuu¢tal statements were apwoved by the Board of TDJsI£L% a[ authorised for issue ).Il..1.1..1. 2....-.. andweTr sigL¢Mt on its lthif by. I RCEd-Peck-T5Iet C JCharlton- Trnstee The notrs fOnnrt0fth&S¢ fiuan¢iaJ *atiYllwts
GARGRAVE POORIS LANDS CHARTrY NOTES TO FP¥ANCL4L sTATELlr FOH'fHE YbAK ENDD 5'1'A APRIL 2024 STATUTORY INFORMATION Garave Poorfs Lallds Charity is all UlliDwrporated ¢lJaTity r¢gi5t¢red the CbaTiIi¢5 Con)tntssion. The charitys registered number and registered office address caD be found on the refeTen¢e and administrativ¢ details page. AcCOUrll4G POlJCtEs BASIS ofprepar5ng the fmanefal ststsments Th¢ financial yEaternents of the charity, which is & public benefit entity under FRS 102, have been prepared in accordance with tbe chatiti SORP (FRS 102) 'AccountiDg and Reporting by Charities.. Statement of R¢rowm¢rydwJ Prdrtir¢ applithle to cFwities preparing their accounts in accordance with the Financial Reporting Standard applicable ID the and Republic of treIand (nis 102) (cffective l Jalluary 2019),, Financial Rep)rting Standard 102 The Financial Reporting Sr8]lard applicable in the UK and RBpublic of Ireland, and the Charities Act 2011. The financial statements have been prepa under the historiral cost CODveTrtiotL with the exception of investments which are included at Maet vallle, as modified by the revaluation of certain &ssets. Gargrave Poorfs Lands Clwity wDstitutes &public l)enefit tity Is defined by FRS 102. Significant accounting judgemellts attd kev sourw of estimation uneertainty Preparation of tbe fjnancial statements requir&s management to rnake sEgnificant judgements alld estimate8. The aior item iti the fmancial statements where these JUdgeents and estimates rn[ be nmde is in rc12tion tts the valuation of inveslm¢nt prop¢ty at fair value. En detenniw this amoun¢ the charity determines Fdir value to be the amount for iYhi¢h an asset can be ex¢lwJg¢d bet"een knoThledgeable lling partic8 in an arm's length transactioJL Ineome All illcomillg resources are included in the Statement of FiDancial Activities when the charity 15 legally entitl¢d to the incorne andthe arnot can be quantified with reasonablc accuracy. Specifically: i. Relltsl income is recognised on an accruals basis; ii. Interest on fvllds beld on deposit is included when receivable and the amount can be measured reliably by the chariry. This is DomllY up)n notification of tbc intercst paid or pa>¥ble by the bank. ill. Dividends are reGognised once the diNidend has been declared and notification has been reccived of the dividend due. This is nornally upon notificatioll by our investtllent adsor of tbe dividend yield of the investment portfo]io' and 1%.. Other incoming resourees represent insurances alld licences reCged to the tenant of the investtnent prowty and is recognised on an accnwls basi8. Expenditure ExpenditL]re is accounted for on an accrnals basis and has been classified under headings that aggregate all ¢ost related to the Catrgory. Illhere costs &qnnoi be dittcily trIbuted to pthicular heaitings they have been allwated to activities on a basis consistent with th¢ us¢ of r¢sour¢cs. Grants offered subjert to CQDditions Tryhich h&ve not beett met &t tbe year end d are noted a commitment but not accrued as expenditLfe. Tangible red assets Depreciation i5 provid¢d at tbo following annual rates in order to write off each asset over its estimated usefi Fixtures and fittings Straigl)t line over 7 yeats Page 8 continued..
GARGRAVE POOR'S LAf4DS CHARrrY NOTES TO THE FNCIAL STATE]EI5- continued FOR THI YEAR ENDED STH APRIL 2024 ACCOUNTING POLICIES- tonthled IDvestment property Investment property is showi at most rewlt va]uatiotL kny a¥ surplthg or deficit arising from changes in fair value is recognised in the Statement of FithCial A¢tivtties. Flxed asset illVe5tments IThYe8trnents are a form of b1¢ financial instrument and are initially recognised at their tr2llSaCtion vlllue and subsequently measur¢d at th¢ir fair Ille as &i the balance sheet date sing the closing quoted matltet price. The statement of fanCIal adivities includes the net gaws pnd 10sS¢s orising on rEvaluation and disposals througbout tILe yev. Taxation The Charity is exempt from t&x on its cbaritable activities. Fund accolllltlng Unrestricted fi]nds can be llsed aecordance with the cl]arir&ble objectives at the discretion of tbe trustee5. Re5trithd funds only be used forparticularrestricted purposes withinthe objects of th¢ dwity. R¢stri¢tions arise when specified by the donor or fulld5 arc Faised forparticularrestricted purposes. Further explanation of the nature attdpurpose of each fund is included in the note5 to the fjnancial statemeots. Irrecovernble vat Irrecoverable VAT is Charg agaitist the eXEa1tu heading for 1c it w&s incurred. INVESTMErir Ir*COME S&24 5.4.23 Rents received Dtyidends received Intsre5¢receivable 21,015 1,539 3,611 20,9 1,780 1.271 26,165 23,960 OTHER JNCOME 5.4.24 5.4.23 Insurance amd liceDc¢s 5,915 5,741 Page 9 continued..
GARGRAVE POOR'S LANDS CHARITY DIOTES TO TIIE FINANCIAL STATKMENTS- ntilled FOR THE YEAR EfiDED 5TH APRIL 2024 TRUSTEES, REMUNERATiof4 AM) BENEFrrs Ther¢ were no trustees, remunerntion or other befits for the ye8r ended 5th April 2024 nor for the year ended 5th April 2Q23. Trustees, eJpen%s There were no truste&s' expenses paid for the ye8r ended 5th April 2024 nor forthe year¢nded 5th April 2023. COLI(PARATIVES FOR STATEMEIYT OF FINANCIAL AcfIviTIES UDre5trictcd fund R¢strirt¢d Total funds INCOME Af4D ENWmENTs FROM tnvpstment incomr Other incon)e 23,960 5,741 23,960 5,741 Total 29.701 29.701 £XPEf4DITURE ON Ch&rii#ble aetSvltie8 Educational assistance Hardship relief 8,788 3,584 8,788 3,584 OtheT 7,214 7.214 Total 19,586 19,586 Nei gaiDglOoss¢s) on illve51met (22,493) (22,493) NET tNCOMEIIEXPENDTfuRE) 10,115 (22,493) {12,378) RECOYCILIATIOTrI OF FUNDS Total fimds brou¥ht forward 91.781 328,767 420,548 TOTAL FUI¥DS CARRIED FORWARD 101,896 306,274 408.170 Pag¢ 10 wntinued...
GARGRAVE P(K)R'S LANDS CHARITY f*OTES TO THE FINANCIAL STATEMENTS- eolltined FOR THE YEAR ENDED 5TH APRIL 2024 TANGIBIE FIXED ASSErs Fixtures fittings COST At 6th April 2023 and 5thApril 2024 23,000 DEPRECIATION At 6th April 2W23 al 5th April 2024 23,000 NET BOOK VALUE At 5th April 2024 At 5th April 2023 FIXED ASSET INVESTMErrrs Ltsted investrlleuts MARKET VALUE At 6th April 2023 Kevaluations 96,274 18,563 At 5th April 2024 Il4,837 NET BOOK VALUE At 5th April 2024 114,837 At 5th April 2023 96,274 There were iuvestm¢nt assets 04rtside the UK. although some of the p)rtfolio is invested in UK funds that are invested overse&s. Cost or valuation at 5tb April 2094 15 Teprwnt¢d ty. Listsd iuvestm¢Ats Valuation itk2024 114,837 Page 11 ¢ontinue(L..
GARGRAVE POOR'S LAfiDS CHARrrY NOTES TO THE FINANCIAL STATEMENTS- eonlinued FOR THE YEAR ENDED 5TH APRIL 224 INVESTMENT PROPERTY FAIR VALUE At 6tb April 2023 Kevaluaiion 210,000 285,000 At 5th April 2024 495,000 NET BOOK VALUE At 5th April 2024 495,Tr)0 At 5th April 2023 210,000 Fair value at 5th April 2024 is represented by: Valuation in 2024 495.001> 10. DEBTORS 4.24 5.4.23 Amounts falling due withirn one year. Other debtors Prepayments 600 6,661 1,200 5,885 7261 7,085 AmoutLts falling due after more thall one year. Other debtors I,sso 2.150 8011 9,235 Other debtors consist of advances nde1&9S repaYn1ts received in filrtherallce oftht clwity's objxts. Page 12 conlinued...
GARGRAVE POOR'S LANDS CHARITY NOTES TO THE FINANCIAL &fATEMETs- continu FOR THE YEAR ED4DED 5TH APRIL 2024 ii. CREDITORS: AMOUNTS FALLING Dif£ WITHIN ONE YEAR 5.4.24 5.4.23 Trade creditors Other creditors Aru41$ 8nd deferred in¢ome 1216 5,000 2,081 2,081 4397 7,081 Deferred illcome relates to rents received io advance. Ail defetted income &% at the end of the previous year has been released to the income and expellditure Account iti the eurrenty¢ar. 12. mOVEThT IN FLTrIDS movement At 5.4.24 At 6.423 Unrestricted funds Gener fimd 101.896 (6J29) 95,567 Restrlcted funds Capital endowment 3116274 303,563 609,837 TOTAL Fuf+tDS 408,170 297234 705,404 Net moyement in funds, included in the ave are as follows". Inwming Resources expended Gains alld lo& Movement in funds UDrestTicled fund5 Gener41 futsd 32,147 (3&476) (6J29) Rdgtrieted fllllds Capital endOTreDI 303 303,563 TOTAL IIUNDS 31147 (38.476) 33.563 297,234 Page 13 conti]wed...
GARGRAVE POOR'S LANDS CHARITY iOTES TO THE Fll¥ANCIAL STATEMEYTS- continued FOR THE YEAR ENDED 5TH APRIL 2024 12. MOVEMEP4T IN FUNDS- Continell CotllpAratives for movement ID lld5 Net movement At 5.4.23 At 6.4.22 Unrestricled fund5 Generdl fund 91,781 10.115 101,896 Restricted funds Capitsi endowment 328.767 (22,493) 306.274 TOTAL FUNDS 420,548 (12,378) 408,170 Comp&Trtive net rVeMent iu fid5. included in the above are as follows: IncotlliDg Resourr¢s expended Gains and losses Mov¢ment in fvnds unStrIcted fullds Geueral fuThd 29,701 (19.586) 10,115 Restrleted fund$ Capital endowmeni (22,493) (22,493) TOTAL FUNDS 29.701 (19,586) (22,493) (12,378) GenerAI tulld The general fund is available for use by the tDJStees attheir discretion in filltheriDg the objectives of th¢ Charity. Capital endowment fund The capital ettdownent fulld establtsbed in the l8th Century to help the PODT of tb¢ tol$bIp of Gargrave. ThE fi]nd is represent¢d by I¢St[cts. Due to th¢ initial gttt being ll)ade ill the 18th CelltL it is considered impracticable to Yalue tbe assets gifted at the date of endowTnenL 13. RELATED PARTY DJSCLOSURES There were no rel&ed paty transactions for the year ended 5th April 20?4. Page 14