COMPANY REGISTRATION NUMBER: 005027Q5 CHARITY REGISTRATION NUMBER: 262247 The Socie of Leather Technolo Limited ists and Chemists COMPANY LIMITED BY GUARANTEE Unaudited Financial Statements 31 December 2024 DAVID KELLAND FCA Chartered Accountsnts adows & Co Limiled Headlarvjs House 1 KirMJs Cowt KetterirvJ NN15 6WJ
The Socle of Leather Technolo ists and Chemists Limited COMPANY LIMITED BY GUARANTEE Financial Statomwts Year ended 31 December 2024 crlI of management anwal repNt Independent examinerfs re[ to the MeMbS Stslemenl of financlal activilies (in¢bJding irwme aThl expenditure aLxount) Stslemenl of financial position Notes to the finarla1 slaternents
Pag8 1 The Socie of Leather Technolo ists and Chemists Limited COlJlPANY UMITED BY GUARANTEE Coundl of emont Annual R Y•ar •nd•d 31 D•c•mber 2024 The members. vtho we also the dirtttors for U)e purposes of company law, rffesent 1r report and the unaudited financia statements of the charity for the year ended 31 December 2024. R0f•ron¢o and admlnlstratlve dlls Reglstered charlty n The Socty ofLeathw Te¢hrKAogBl$ a1 Chemists Limited Charity reglstratlon nnber 262247 Company reglstratlon numbw 1x1502705 Prlnclpal offic• and r•glsi•r•d Orr 39 Eastem Way Oaventry Northamptonshire NN11 OQB Tho m¢mbor8 Mr D Miller Mr S R Tranlum Prof W R WLse Mr L INin Mr J J Osgood Dr C M Ans¢ombe Mr J Avery Mrs D A Taykn Mr M Duming Mr T Marcus (Appointed 27 April 2024) {A¥pointed 27 Apvil 2024> Elo¢1od or Ex Offl¢lo 8 Jonsson (President, ScArth African Se¢tMM) N Phipps (Hon. Secrety, South Afran Sect)n) M.K. Leafe Editor Offic•rs Invltod to att•nd Councll Meotlngs IKrt wiihrArt vollng rfghts rs M KapU8k (General Seuetary) Company secrotary Miss M Kapx Indopondent examlner Mr David Kelland MeadowE & Co Limlted Heajlands Fhxtse 1 lQngs C( KetterirKJ Pthay NN15 6WJ
Page 2 The Socie of Leather Technolo ists and Chemists Limited COMPANY LIMttED BY GUARANTEE Councll of Man ement Annu {contlnu•d) Year 8ndad 31 Dacern gr 2024 Stru¢turOJ govornanco and management The charity is cortstituled as a company limited by gwantee. arml Is therefore governed by a memorandum and articles of asSOation. ObJectlves and actlvltles The thariV5 objeGtive arKI ils prirKipal &tivity Mntwiues to be that of assi5tiDg and encouraging the applicatM)n of science and tKhnology lo the marKrfacture aThJ utilisal¥)n of leather and related products and by the publication ofiwms arKI the h)kling of meetmgs, to further the development of 3GientifiG knoedge in the leather industy. Polld•s adothl to ach10 Ihe socl•tys obiethv 1. To set subscription rates for rnbers and subscribers al a 18vel consisient wlh the ability lo fulfil the obj'eclives of the &iety and io attract members from induslry. txganisations and litTrries. 2. To publish the Journal of ihe Society of Leather TeChgISt$ and Chemists. a recognised inlemalional journal which has been published monlhty or bi-monthly slnL 1917. To 0ri9inate other publications of a scientrfic or lechTr)kKJal nature vknere approprtale to fijrther the oblectrves of the Society. 3. To devise 8natytaI methods for publication as Offic1 Methods of the So¢iety and to colLqborate bmth the other (wjanksations in th8 formulation of Intnational Methods for the Anaysts of Leather and related prrthcts. 4. To meetings, ff FX)SSit48. on an amual basis. aThJ to erage and support reglonal meetings held by Ic¢a groups overseas sectK)rts. Strateglc r•port The fdlowiNJ $e¢tions ts achievements and [¢me ar#J finCIal review fom) the strateg reptyt of the ¢harfty. A¢hlevements and p¢rfonnan The deficit the year was £351 {2023: £5.$41 svrplus). 18aving total funds to be wigj forvrdrd of £85,25012023'. £85.5811. Tl Council of Management does nol cOKjer that thwe have been any imptst evenls affecting the Society belween the date of the balarth sheet aThJ date that thi5 report was sigrd.
Page 3 The Socie of Leather Technol Ists and Chemists Limited COMPANY UPAIIED BY GUARANTEE Coundl of Mana ment Annual R¢ Year ended 31 DKemb•r 2024 Flnan¢lal r¢vl•w Following several Iwbulent years. 2024 has been a rdativety slable f(Y th8 UK leaiher irKlusty. However, we continu8 lo feel the lingering eff&ts of eadiw disruptions and challenges. The 2023 announcements regarding the dOSu d both the Institute for thafve Leather Techndogies IICLT) and Pittards marked a signrftcant and soLwing moment in the w)dusty's recent fMsl(ry. These institutions were not only deepty embedded in our ¢ommunty but also ld Intwnional acdaim and heritsge. Thelr loss. occurrirvJ within months of each other. was a profound mInder of the fragilty of our sector. 11 was a low point that resonated across the membership of Ihe SLTC, contrlbjllng lo one of the sharpesl de in membership wmbers have eXped in recent memory. While 2024 has br(NJght a more hcpeful (l00k. the uJeTlng chaInge5 Wlthin Ihe UK leather sector remain. As a SLKlety. we undwstand that reversing the trend of membershi) dedine requires more than hope - 11 demands meanngful change. To remain relevant and to attract new members while eontinuing to serve our existing commur4ty. we must evdve into a more dynami¢ and forward-thinking cganisation. We cannot afford to staThJ stil. In response, 2024 ha$ markwj the Winning of a rw4 chapter for the SLTC. W8 have tsken d6risrve steps lo modernise our operations aThJ inease wr inlemalional appeal. lIe thwe is still much to do, these efforts represent a frm fourttJal¥)n upon which build. I remain optimistlo about the Socievs future. l am especialy pT¢xJd of Ihe SLTC Cound for embrac4ng boih Ihe urgency aTrJ the scale of the changes needed. The adjustsnenis we have made this y&qr go beyond incremental improvemenl - in many ways, they have been transformational. TV initiatives. in particular. stand out.. the transition to a digitalnty joumal and the retum of annual conference to a rovirKJ4ocalion format. Both moves challenge the expectslions of a Iraditthal membetship. bul bolh are vitsl to our coninued relevance. The transition to a fvly digital of the S¢wty of Leather Technologlsts and Chemists has, overall. been su¢os$fvl. Feedback from members has been Iety positive, the shift brings measurable fmarKial benefits, induding opporIunr for Irye8sed avert¢sing revenue. Nalurally. there remain areas for refinement, iKrt these are well within our grasp. Looking knad, I firmly believe that the Journal's next shty irKlude DOI wistration. further enhancing its acajemic standing and accessiblty. This is an a8 I V•ill rnal commltted to suprM)rting, even after my tsrm as President erKIs. Our 2024 Annual Corrference and Dwiner Darte were met with enthu5ia5ti¢ reception and increased attendCe. reaffirming the vaue of these in-person galheriry. The decision lo ho¥1 the 2025 event Glasgow was not without its risks. bul eaTty indicatcffs are encouTaging', registration numbers are above that of 2024. and we are facing the vcOrne challenge of potenlk4ly rea¢hing ¢apacity for the Dinner DCe. We are hopeful that this enthusiasm wil translate into a vibrant and memorable event which wll encourage new membership. Addit#)naly. we are exciled to launch gur newly redesigned webglle al thls yeafs conference. This platfomi wll offer greater flexibilty. wnproved control. aThJ a more ContP(ary image for the S(lety. As 7Mth any new system, a peri¢)d of adjuslmenl is exted. but we are ¢orfident in our abilty to manag8 aThJ r8fne the si18 as needeil. While progress 1$ thays a collective effcwt. I want to Le a moment lo exlend speclal thanks lo several indivbjuals whose contrit110ns have been extra(rdinary. DotM)rah Taykn (Wice Presldentl. Monika Kapusclk {Se¢rel8ry}. and David Millw ITre8surer) have worked lirelessly trhirMI the scenes, and their dedication has been Instrument in enabling the So(1 to move foNRrd. S am deeply grateful to each of them. As I prepare io step down from the role of President * thls Aprifs nference, I do $0 with a deep sense of FYKle aThJ atitU. It has truty been an h(Our lo serve this
Page 4 The Socie of Laather Technolo ists and Chemists Limited COMPANY UMITED BY GUARANTEE Councll of Mana ment Annual R Year ended 31 Oecember 2024 Sodety. and 11 is a role I will Cherish for the rest of my life. Wrth Ihe foundations now in th, l am Confident thal under the Capable leaderslNp of Deborah Tar. our IncThning President. the Society of Leather Techr0gi$ts and Chemists wll ¢ontirKE to tyQ4V. evofve. aNI thrive. The couwl of management anrnjal rew)rt and the Strateg reprt were approved on and signed on b8hall of the )3rd of trustses by: Prof W Wise PresKlent Mr D Mller
Page S The Socie of Leather Technolo ists and Chemists Limited COMPANY LIMITED BY GUARANTEE Inde endent Examlnefs Re ort to tho Memr$ of Th• Soci hemists Limit of Leather Technolo ists and r ended 31 De¢gmb•r 2024 I rep1 to the members on my examinat)n of the firrdrKial statements of The Soc of Leather Tethnologists Chemists Limlted (Ihe chty'l for the year ended 31 Cleomber 2024. Rosponslbllitlgs and basls of roptyI The trustees are also the dredors of ¢cKnP for ihe purposes (rf company law are reswjnsible for the preparation of the financial statements. The lJustees Consider that an audit is not required for Ihls year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examlnation is needed. Ind•Pdent Qxamlnees slatement In ¢onne¢tion ¥1h my examinati(m. matter has come to my attlIon. {1) whlth glves me re8sonabl8 cause to bel8 that in material Spect Ihe requirements: to k&p acc¢yJntMig records in accLYd *ith SeCn 386 of the CompleS Act 2006, and the aco)unts do not acuKd wilh those re(x)rds, and to prepare wJnt$ wch with the rerds. Gomply wlth the accountir reqU1ments of se¢tlon 396 of the Companies Act 2006 and with the methods and prlnuples of the Stslemenl of Recommended Practe. A(Utij arnl ReFKYtiThJ by Chwities have not been meL {2) to whth, my oplnion. attention should be drawn in order to eroble a Fwper UndtandIng of the accounts to be 8¢hed." Mr David Kelland Independent Exami Meadows & Co Limited Headlands House 1 Kings cOt Kettering Parkway Kettering NN15 6WJ
Page 6 The Socie of Leather Technolo Ists and Chemists Limited COMPANY UMITED BY GUARANTEE Statomon¢ of Finan¢lal A¢tlvltl ncludln InMe and ox nditur• a¢count Year ended 31 December 2024 2023 UnrestrKted Restricled fut)ts funds Tolal funds Total funds Income and endowments Donations and legactes Other trading activities Inveslmenl income 12.538 22.793 952 12.538 22,793 1,127 17.945 17.661 547 175 Total Incom• 36.283 175 36,153 Expondlture Expenditure on raising furwjs: Costs of raising dOnatS arml legacies Expenditure on thwitable activil Tot exp•ndhur• 22.435 14.374 36,809 18.521 12.091 9,10 14.374 30.612 Nel {expgndituro)lincom• arml net movemenl In funds 1526} 175 (351) S,541 ReconcIllaOn of funds Total funds brought forYdrd Total fvnds carrled foTrvard 74.878 10.703 85.581 85.230 80.040 85.581 74.3S2 10.878 The statement of finanal 8th1t indu¢Jes all gains WKI105se5 recognised in the year. Al in¢(xme and expenditure derive from continuing athit*s. The notes on pagos 8 to 14 forn) part ol thow financlal stat•monts.
Pag• 7 The Socie of Leather Technolo ists and Chemlsts Limited COMPANY LIMfrED BY GUARANTEE Statement of Flnanclal Posltlon 31 December 2024 2024 2023 Fixed assets Tan91te red assets 16 106 156 Current assets Stocks Cash at bank in harm 17 493 88,611 89.104 87.6 88.074 crl¢or$. amounts falllng due wlthln y N•t curr•nt a8s•ts 18 3.679 85,124 85,425 85,581 85.581 Totsl aswts less cuff•nt Ilabllltl•s 85.2 Net a¥s•ts 85.2X) Funds of tho charlty Re51riGted fvnds UnreslriGted fvnds 10.878 74.352 10.703 74.878 Totsl charlty funds 19 85.230 85.581 For the year ending 31 De¢ember 2024 Ihe tharity was enhtled to exemption from audil under secti) 477 of the Companies Act 20C6 relaliro to smdl LY1MeS. Drectors, respon5itrAlittes". The nbel5 have not requred tl company lo ¢)IAain an wdit of ils finw¢ial statements for th8 year in westion in accordance with sectwJ1476", The directors acknowledge thew restmmibllt for comth.ng wrth the requirements of the Act vthh resFCt to aCUtIng re(axds and of financial sts1emts. These financi81 statements have been prepwed in arKe wth tl provi$)ns apple to mpanies subject to the small companies, regine. These financial statements were apwoved ty the tx)ard of IDJstees authorised for Issue on arKI are sign&J on behaff of the bo&d by: Prof W Wise President Mr D Miller Treasurer Th• not8s on pag•s 8 to 14 forni part d th•8• financlal statement
Page 8 The Socie of Leather Technolo ists and Chamists Limited COMPANY LIMrrED BY GUARANTEE Notes to the Flnanclal Statements Yearen 31 December 2024 G•noral Infommtlon The charity is a Wb1 benefit entity arKI a prNate Gompany limrted by guarantee. registered in England and Wales and a regstered Ghwity in Eng4and and Wales. The address of Ihe slered office is 39, icon Inrrf)vall( Centre. Eastwn Way, D8venty. Northamplonshire, NN11 OQB. Stat¢ment of comptlance These financial statements have been preped in 8(xordare with Accounting and Repcrting by Charilies." Ststement of RecommeThJed Pract 4plicat4e lo charities preparing their accrtts in aGcordanGe wilh the Financi81 RertIng SiaThJard applicable in tho UK Republic of Ireland issued wi Odober 2019. The Finartial Reporting SLqndard aFVIicab in United Kingdom and ReFMJblic of IrelarMI (FRS102). the Companies 20C and UK G8nwalty Attepted A¢counling Pradice. Accountlng pollcl•s Public b&ndll The Trustees of The Society of Leather Te¢hnok3ists and Chemists Limited urnlerstand the need to have to the Chwity Commi8sion's guidance on Wb1 b8nefrt. Basls of propara¢lon The fin¢131 ststements have been wepared on ihe historical cost basis, as modified by the rev¥JuolhJn of wtain financial assets and liabilities 8j investment Fry8rtie5 MeaSud at falr value thrOh income or expermlittwe. The firraTla1 ststements we prepared in sterling. Is the fur110nal cJJrrerw of the entity. Golng ncn ¥e no fflatal uncertaintEs abt (wit$ abilty to Judgom•nts and k•y 1r¢¢$ of ostlmlon un¢wtsinty The pleptiOn of the financial 3tstunents requKes management to make judgements, estimates and assumptions that affect the amounts reFKKted. These estimates and judgements are continually reviewed arKI are based on eXpw1ee and other factors. including expectations of future events thal are bel to be rea%)nth urKlw tt (aroJMstar5. Fund xcountlng UnreStrted funds are avalate for use at the disuetM)n of the trustees lo further any of the charity's purF*)ses. Designated funds are UleStricted funds e¥marked by the members for pwticular future project (K c4)mmftment. Restricted funds are subjected to restrictKXB on ther expeTrJiture declared by the donor ( through the temis of an appeal. and lall into (me of sub-dasses.. restricted Income funds or er0Vent funds.
Page 9 Tha Socle of Leather Technol Ists and Chemists Limited COMPANY UMITED BY GUARANTEE Notè5 to th• Financial SL•m•nts {conllnued) Yw •ndod 31 Do¢omber 2024 Accountlng pollcles (condnued) In¢omlng r•sour¢e8 Al incomlrJ resources are induded in the statement of financ4al actNities wlw entitlement has passed to the ¢hwity.' it is prob8ble that the ec#)rN)mic benefrts associated with the transactlon will flow to the charity and the amount be reliably Mea$ed. The following specrfic wlicigs a applied to particular c4tegm ol I)e. income from donat or ants ts reiwise(I vthen t1 1$ evidence of enliuement to th8 s. receipt is FYobatAe WKI its amount can b8 measured reliabty. legacy ncome Is recognlsed tAten re¢elpt b wobable and entiljemenl is estlished. Irame from donated g)ods at fw value of the goods unless this is impractical to measure reliably, in whh case value is tsived from Ihe cost lo Ihe donor or the estimated resae valu8. Donated fxilitses and seiS are rect)gnised in the accwnts when reCve rf the value can be reliabty measured. No amounts are included for the contribution of general v0te3. income from contracts for the supply of swvices is recognised vthh the ddivery of the conlr2Cted servlce. This is dassif as unrestricted funds unless tWe 1$ a contractual requirement for It to be spent on a part1J1ar purpose and returned rf unspent, in which case it may be regarded as restricaed. Ro$our oxpond Expenditure is recognis&J on an u81S basts as a liability is Inlr. Expenditure Includes any VAT which canrnt be fully CoVered. Is dassified urmler headings of the statement of financial activities to wTri¢h it relates: expen(Jiture on raising funds Iude$ tre costs of all fundraising tivItIeS. evenls. non-charitable trading activities. the $* of dated go¢$. expenditure on thwtsble actNilies indudes all costs inixllred by a ¢ty kn undertakirNJ Itt Ihat furthw ils tharitable aims frK the benefit of lis beneficiaries. Indudlng those support costs ar#J ¢osts rdaliry lo the gyrfemale of the charity apwtioned to charltable a¢tNlties. olher expenditure inthde5 all expendriure that Is neither relaled to raising funds for tl charity nor part of rt5 experKliiure on charItae x1ivits. All costs are allocatwj to expeIre te9)rieS refiectlng the use of the resource. Drect costs attributable to a single aclivity are all¢)¢ated directly lo that adivty. Shared costs are apportioned beiween th8 activilies kn ¢trite to on a reasonable. juslif¢ble and consistent basis. Tanglble a88ets Tangible a55els inltially reconled at C05L w¥J sub¥eqwitly staled at cost less any accumulated depreciation and impayrnent 105ses. Any tangible assets carried at revalued amounts are recor(led at the faw vaue al the date of revaluation less any subsequent accumulated deweciation arKI subsequent xcumulated wnpalml losses.
Pago 10 The Socie of Leather Technolo Ists and Chemists Limitod COMPANY UMITED BY GUARANTEE Notes to he Financial Statements (conllnued) r •nded 31 DKembw 2024 Accountlng pollcles {condnuedJ Depreclk•n Depwiion is culated $0 as to tAwlte off the cost or valuation of an asset. less Its residual vaue. over the useful erK)Mi¢ lrfe of that asset as fdknvs: Plant and machinery 20% strai1 line Impalnnont of red assots A review for indicators of impaint is caried out at each WK)rtirvJ date. with the recoverabl8 amount being estirnaled Wre such indKators exisl. Where the carrying value exceeds the recoverable amount, the asset is impared accordingly. PrN)r impaimients are also reviewed possible reversal at &3ch reFothg date. For ts purposes of impamient tesluig. when not possible to estlmate the recoverable amount of an diVIdUal asset. estimate Ls made of the recoverable amount of the cash-g8neratiro unf( to wthich the asset bel. The cash%enerallng unll i8 the smallest Idenbfiable group of assets that indudes the asset arKI generates cash Inflows that largely Independent of the cash inllows from other assets or wps of assets. For impaiment testing of the goodwlll wiired in a business comblnatlon is. from the acquisition dale. alICated lo each of the cash-genwing units that are expected to benefit from the syner9ies of the combinat. irrespective of thether assets liabilities of the charity are aS9n&j to thjse urmts. stock8 stocks are measured al the of ¢xsl armj e51imaled ¥dling pr9 less costs lo complete and sell. Cost indudes all costs of wrchase. o)sts of ¢onverswJn and ¢)th8r c05ts irturred in bringirwJ the stock to ils present location and t(dItion. Lkn11 by guarant•• The Soclety of Leather Technoh)gists Clwnists knmited is a company limited by ¥wrantee and thus has Tr) share capita. Donatlons and l•gacioS UrwestrKted Total Funds ithrestricted Total Funds Funds 2024 FurKIs 2023 Sponsorshlp Members arKI assooiai8S 10.352 10.352 13,808 13,808 Sub$crfptlons SubscriptK)ns al appIThi fees 1186 2,186 4.137 4.137 11538 12.538 17.945 17.945
Page 11 The Socie of Leather Technolo ists and Chemlsts Limlted COMPANY UIAITED BY GUARANTEE Noles to the Financlal Stalemert8 (contlnued) Year KIed 31 December 2024 Oth•r Ir*ling activlti88 Umlrthd T¢Aal Funds urrestrted Total Funds Funds 2024 Funds 2023 Sales of wblKation arxl sundry receipts Conference income Journal w)come 620 8.546 8.495 620 8,546 8.495 9.497 12.530 9.497 12.5 22.793 22.793 17.661 17.661 Invoslmonl Incom• Urnestri¢ted Reslthded Totsl Funds Funds FurMIs 2024 Bank interest receivable 175 1.127 UNestricte Funds Restricted Totsl Funds FUrS 2023 Bank interest re1vable 424 123 547 Cts of ralslng donatlorbs and legaGI•s unSIrthd T¢)tal Funds Unre$trithd Total Funds Funds 2024 Funds 2023 Opening sl¢xk Jwmal printing Closing sl(Kk HonoTarium - editor conferen expenditu Subscription - IULTCS 493 7.375 (444 7.563 7.095 353 493 7,375 {444) 547 5.310 (493> 7.272 5.525 $47 5.310 (493) 7.272 5.525 22.435 22.435 18,521 18.521 Expendlture on charltsble actlvltkn by fund typ• Ur¥estrthd Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Suppm costs 14.374 14.374 12.091 12.091 10. Exp¢ndllur¢ on chaTltable actlvltles by athlty typg SupF#Nt Tots funds 2024 Totsl fvnd 2023 GovernCe 14,374 14,374 12,091
Pago 12 The Socie of Leather Technolo ists and Chornists Limited COMPANY LIMITED BY GUARANTEE Notes to the Financial Statemwts (continued) Year ended 31 December 2024 11. Analysls of support costs Utrd Funds Total 2024 Total 2023 Staff costs Communications and Genera off Finance costs Travelling and meetirvJ Sundry expenses Depreciation Bank Gharges Postsge and carriage Olher legal and professional 7.$63 2,163 463 1376 5.739 2.455 577 2,163 2.376 24 153 158 265 435 241 2.489 2,489 182 581 581 15.963 15.963 12,091 12. Not (•xpondltur•yln¢(xno Net {expenditureYincx)me is stated aft charsirW(cethlirKJl'. 2024 2023 Deweciation of tar¥JitAe fixed assets 158 13. Indopondént èxamlnation f• 2024 2023 Fees payable to the independent eThiner for. Independent examination of financial staiements 2.376 2.250 14. Staff costs The tclal staff c>)sts wd employee Lweffts f(ff the p(ting alysed as follow8: 2024 2023 Wages ar salaries 13.537 13,011 The average head count of employees dwThJ the year bwa$ 2 (2023.. 2). The average number of full-time equNalent empbyees during the ye analysed as follows: 2024 No. 2023 No. Administration staff ) employee recebved enwoyee benèfits of m¢Ne than £60.Ot)) during the year12023: Nd). 15. Trustee remuneratlon and expen888 No remuneration or other berrts from employment V4iih Ihe thwity or a related entlty wer8 re1Ved by th8 trustees
Page 13 The Socie of Leather Technol ists and Chemists Llmited COMPANY UMITED BY GUARAKfEE to th• Flnancial SLements (conllnuedj Y•ar ondod 31 Do¢ombor 2024 16. Tanglble flxed assets Plant and machlnery At 1 January 2024 31 Do¢¢mb¢r 2024 Depreclallon At 1 January 2024 Charge for the year At 31 Do¢¢mbor 2024 10,597 10.441 10,491 Carrylng anount At 31 D•c•mbor 2024 106 Al 31 December 2023 156 17. Sto¢k8 2024 2023 Raw maierials aThl o)nsumatdes 493 18. Credltors: amounts lalllng due wlthln one yw 2024 2023 Trade credrtors Accruals and deferred irorne Soci sewrity and other taxes 219 219 3.241 219 131 2.950 3,679 19. Analy8ls of ¢haritabl• funds Unrestrlctgd funds At 31 D•cemb• r 2024 1 Jarw 20 24 IrKome Expenditure Transfers General funds 74.878 36.283 (36.809) 74,352 At 31 December 2023 1 Jawwy 20 23 Income Exwditure Transfers Gener fiJfKJ5 36.030 (30.612) 74,878
Pago 14 The Socle of Leather Technolo ists and Chemists Limited COMPANY LIIAITED BY GUARANTEE otés to thé Financlal SLqtements (contlnued) Year endod 31 Do¢omber 2024 19. Analysls of charltable funds (continufjd) RtrIct¢d fvnds At 31 D•c•mb• r 2024 1 J*xwy 20 24 IoMe Expenditure Tw5fers Herilage Fund RaYMd Btakey furKI 175 {1751 175 10.703 10,878 10.703 175 10,878 1 Janu¥y 20 23 31 December 2023 Income EXdI¢e Transfers Heritag8 Fund Raymond Blakey fiJrMJ 1123) 123 10.580 10.703 10.580 10.703 Horltage fund Thls pmjecl was starl8d dwing 2018 with the ot4edThie crf ¥d)Ning SLTC'S s¢pntific knowled98 for futLwe generations. Raymond Blakey fund Thls fijnd ss dedicated lo creal¢on of an online Re50wce Centre to reflect the knowle requirements of current and luture leathw technd(sists and chemists. 20. Analys1$ of not asgets bkneen fund8 UnrestrKted Fund5 Restrided Total Fund8 FurKJs 2024 Tangible fixed assets Currenl assets Credf(ors less than 1 106 88.074 (2.950) 85,230 77,196 (2.950) 74.352 10,878 Not assets 10.878 Urnestricted FurMIs ReStrle Total Funds Funds 2023 Tangble fixed assets Current assets Creditors less than 1 ye Nat assets 156 78.401 (3.679) 74,878 156 89.104 (3.679} 85,581 10,703 10,703