Charity registration number 264364 Company registratlon number 08709411 {England and Wales} THE MEADOWSIDE CHARITY NEwfoN ABBOT AND DISTRICT TRUSTEE'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE MEADOWSIDE CHARITY NEwfoN ABBOT AND DISTRICT LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr M P Smith Mrs L McElheron Ms J Howard Mr M Langler Mr J Caffrey Mr PAW Bearne Charity number 264364 Company number 08709411 Registered office 41 Highweek Road Newton Abbot Devon TQ12 1TR Indèpendent examiner Damells Chartored Accounlanls Quay House Quay Road Newton Abbot Devon TQ122BU
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT CONTENTS Page Trustees, report Independent examinerfs report Statement of financial actiwlies Balance sheet Notes lo the financial statemènts 8-14
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial slalemenls for the period covering 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees. report and a Directors, report under company law. The TrLJStees confirm that the Annual report and financial statements of the charitable company comply with the eurrenl 51alulory requirements, the requirements of the ¢harilable Company's Memorandum & Articles of Assoei81ion and the prowsions ol the Statemènt of Recommended Practice ISORPI applicable lo charities preparing their acLounts in accordance with the Financial Reporting Standard applicable in the UK. Since the Company qualifies as small under Section 382 of the Companies Act 2CK16, the Strategic report requirèd of mediurn and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) RegUla'On$ 2013 has been omilled. Obje¢tives and actlvltlos Thè Meadowside Charity Newton Abbot and Disliict is a small charitable company Ilhe Company) working for and with adults with learning disabilities in the South Devon area. The charity has 11 permanent residènts lThiiNJ in Meadowside Residential Home. owned and run by the Company. The Company's objeiveS are". al working for and with people with leaming disabllilies, in particular by the provision of help and support for them and their families.. bl helping to provide the means, financial or otherwise, by which people with learning disabilities may lead happy, healthy, fulfilled livè$ wilhoul dis¢riminalion or prejudice of any knnd and to educat8 tha publi¢ lo assist us in Meet)g these aims.. cl providing resldenlial. respite and day care for adults wlth leaming ¢Yisablllfjes and older petsp. The Company's main actimty is to provide a pemanenl home for the 11 residents with learning disabilities or older ptrople, who receive 24-hour ca. As well a5 owning and running the residential home. the Company also holds various social events. which include 8 few rnembers living in the wider community. Achlèv•m•nts and performance The company has continues to improve and maintain Maadowsidè Residential Home for the benefit of ils re5idenl5, siaff and visSlofS. The constant improvements ensur¢ the residents are healthy and comfortable. The separate day care centre, in the groUr5 of Meadowside. provides day Ca for any adults who require carè and atso acts as an addition81 space for the residents of the home. We continue to keep our good staff team who PTovide wonderful eare lo the residents. The residents a150 benefit from varied outings and wsiis to other centres and attractions, as well as having entertainment in-house. A number of volunteers also carry out tasks such as gardening and painting. Unfortunately, we havè had a va¢alll room for over a year. which has adversely impacted our income. Luckily we are once again full and finances are back on track for the coming yèar. How our activities dellvèr publi¢ benefit In setting objecti5 and planning for adivilies, the Trustees have given due consideration Its general guidance published by the Charity Cornrnission relating to public benèfit, induding the guidance 'Public beneffi.. running a charity IPB21'. All of our activitS are charitable. benefitting adults with leaming disabilities and older people who require 24hour care. Other adults who require care, together with their carers. also bengfil fiom the day care prOSlon.
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Fundraising o¢tivities and income gèn•rdtion The majority of incomè lo run Meadowside residential home comes from the 'holel costs. for the residents, from Devon County and Torbay councrls. No regular grants or other income are rece*ved. The MpanY continues lo receive donations from the publiq for which we are very grateful. A nUrnb of different fundraising events have taken place. including a skydive by the Manager and a mernber of staff. A small amount of income is reiVed from the sale of Teignbridge lottery tickets, run by the District Council. Donations have also been received from individuals and organisations, helping the Company to make required Impr0Ments within the home, for which the Trustees are very grateful. A Gardening with Disabilities grant of £1,000 was rece6ved lo help Iransforrn the gardens and a grant of £250 from GrOUn(fv(k UK towards the Mèad¢)wslde Christma5 party. Fundraising aciiviti¢s included 8 Firewalk by some of the staff. Giti Aid was also claimed. A small amount of income is rèceiv8d Iiom thè sale of Teignbridge lottery lickels. run by the District Council. Flnancial review Going concem After making appropriate enquiries. the Trustees have a reasonable expeclalion that the Charity has adequate resources to continue in operational existence for the foreseeable lulure. For this reason, they continue lo adopt the going concem basis in pieparing the financial slalemen15. Further details regarding the adoption of the going concern basis can be found in the accounting policies Reserrfes polKy Rèsetves for the current period are made up of restricled and unrestricted reserves (including the designated fixed 8s$el reserve). Reserves were unrestricted in the previous year. The Trustees ensure there are adequate funds for each activity and monitor these throughout the year. Al 31 March 2025, the Charity had unrestr¢cted free resèrvès of £111.185. The Tnjslees are undertaklng 8 revlew ol the appropriate level of unrèstrictèd reservès lo bè h8ld which will be implemented in the next accounting period. 7ncipalnsks and un¢ertainties The Trustees have considered Ihe risks affecting the Charity. both financial and operational. and have taken such steps as they consider necessary lo miligale those risks.
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure. governance and management Conslilution The M&adowside Charity Newton Abbot and District is registered as a charitable cornpany limited by guarantee. The governing docurnenl of the charity are the Memorandum and Articles of Association. Melljods of appointmgnl or 818¢tAon of Tnjslees The management of the Company is the re5pon$ibilty of the Trustee5 vtho are elected and ¢o-OPtad undar tha terms of the Memorandum ofAs50cialion. organisab.onal slmclure and decision-makingpolicies The strategy and general management of the charity is led by the Trustees, who are also Directors, up to 9 people who meet up to 4 timès per year. No remuneialion is payable to the Trustee$ of the ¢haritable company, only tha staff who are employed in Me8dowside Re51dential Home. Their sal?rie5 are comrnen5urate with the posts they occupy. in line with comparable Salaries in the care sector, equating to or in excess of the national living wage. and are reviewed annually by the Trustees. Any new Trustees are asked lo join the Board following a skills audit and identification of relevant individuals. Upon completion of an application fom). potential Trustees are given a tour of the home together with an ovgrview of tho work of the Charily and asked to attond a Board meeting prior to deciding whether they wish tojoin. Policiès adoplgd forlhe induction and training ol Twstees The Trustees ensure that they have sufficient access lo professional and practical advice lo understand their responsibilities as tharity Trustees. Relatedparty relationships Meadowside Residential Home, in Newton Abbot, 1$ run for the welfare and benefrt of ils residents. In doing this it continues to work with local groups and organisalions which support people with learning di5abililie5. The homè is inspected by the Care Quality Commission and there is regular contact with social Care authorities and heath providers. Information and training from other organisations is also sought to ensure the charity complies with the constsnlly changing legislation. Financial risk Manament The Trustees have assessed the major risks lo whKh the Company is exposed, in particular those related to the operaty'ons and finance5 of the Company, and are satisfied that systems and produreS are in place to mltigale exposure to the major risks. Members liability The Members of the Company guarantee to contrSbule an amount not exceedSng £10 to the assets of the Company in the èvènt of winding up. The Trustees. who are also the directors for the puipose of company law. and who served during the year and up to the date of signatuiè of thè ffinancial statèmènts were.. Mr M P Smith Mrs L M¢Elheron Ms J Howard Mr M Langler Mr J Caffrey MrPAW Bearne Ms R M O'Neil (Resigned 19Augusl 20241
THE MEADOWSIDE CHARITY NEwfoN ABBOT AND DISTRICT TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The TruslÈe$' report wa5 approved by the Board of Trusl88s. Mrs L M¢Elheron Trustee
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MEADOWSIDE CHARITY NEvoN ABBOT AND DISTRICT I report to the Tru51ee5 on rny examination of the financial statements of The Meadowside Charily Newton Abbot and District {Ihe Charity) for the year ended 31 March 2025. Responsibilitiès and basis of report As the Truslees of thè Charity land 3150 Ils directors for the purpose5 of company law), you are responsible for the preparation of the financial slalemenls in accordance with the requirernenls of the Cornpanies Act 2006. Hèwng satisfied myself that the finanaal statements of thè Charity arè not required lo be audited undèr Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in re5ped of my examinalitsn of the Charity's financial statement5 carried out under section 145 of the Charilies Act 2011. In carrying out rny examination I h8ve followed the Directions given by the Charity Commission under sedion 14515}Ibl of the Charities Act2011. Independent examinèrfs ststemènt Slnce the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified lo undertake the examlnalion because l am a member of the Inslilule of Chartèrèd A¢¢¢untsnts In England and Wales. whKh is one ofthe listed bodies. I have ¢x)mpleled my examination. I confirm that no matteTS have come to my attention Sn ¢onnecbon with the 8Mamination giving me cause to befieve that in any matèrial rèspect.. acctsunling records were not kept in respect of the Charity as required by section 386 of the Companies Acl 2006. the financial 51atemenls do not accord with those records.. or the finanual stalernen15 do not cornply with the accounting requirements of seCn 396 of the Companies Act 2006 other than any requirement that the financjal statements give a true and fair wew. which is not a matter considered as part of an independent examination., OT Ihe financi81 slalemen15 have not been prepared in accordance with the methods and princAples of the Statemonl ol Recommended Practi for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. I have no concems and have corne across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Damells Chartèrèd Atcountants Quay House Quay R08d Newton Abbot Devon Ta12 2BU
THE MEADOWSIDE CHARITY NEwfoN ABBOT AND DISTRICT STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted fund$ 2025 Unrestricted fund$ 2024 Restricted fund$ 2024 Totsl 2024 Notes Income and endowments from: Donations and legacies Other trading activities Other income 14.523 25 887,264 17.629 1,330 677,022 1.250 18.879 1.330 677.022 Total in¢ome 701,812 695,981 1,250 697.231 Expenditure on: Raising fvnds Charitable activities 620 710,865 640,134 1.250 641.384 Total 4XndItUr• 711.485 640.134 1,250 641,384 Ngt in¢omgllexpenditurel {9.673) 55.847 S5,847 Tiansfers beeen funds 31,848 131.6481 Net movÈmÈnt in fund 19,6731 87,895 131.848) 55,847 Reconciliation of funds: Fund balances al 1 April 2024 396.121 308,428 31,848 340,274 Fund balances at 31 March 2025 388,448 396,121 396,121 The sialemenl of financial activilias includas all gain$ and losses recognised in the year. All income and eendItuTe derive from conts'nuing a¢tivilies.
THE MEADOWSIDE CHARITY NEwfoN ABBOT AND DISTRICT BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxed a$$ets Tangiblè assets 12 275.283 263,683 Current assets Debtors Cash al bank and in hand 13 1,510 133,361 115.592 115,592 134,871 Creditors: amounts falling due within one year 14 {4,4271 {2,4331 Net current assets 111.165 132,438 Total ass•ts1os$ ¢urrent liabilitie8 386,448 396,121 The funds of the Charity Unrestricted funds 16 386,448 396,121 386.448 396,121 The cornpany is enllued to the exemption from the 8udil requirement contained in section 477 of the CompanSes Act 20CE. for the y&ar ended 31 March 2025. The directors ad(nowledge their responsibilities for complying with the requirèments of the Companies Act 2006 with respect to accounting records and thé preparation of financial slalemenls. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordance with seclion 476. These financAal statements have been prepared In atxord8n with the provisions appllcable lo companles subje¢t lo the small companies regirne. The financial statements were approved by Ihe Trustees on .. . Mrs L McElheron Trustèe Company registration number 08709411 (England and Wales}
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infomiation The Meadow5ide Charity Newton Abbot and District Is a private company limited by guarantee incorporated in England and Wales. The registered offic& 1$ 41 Highweek Road, Newton Abbot, Devon, TQ12 1TR. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. l°FRS 102,) and the Charities SORP 'Ac¢ounting and Reporting by Charities.. Statement of Recommended Pr8¢1i¢e applicable lo charities preparing their account5 in accordance with thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The Charity 15 a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of thè Chaiity. Monetary amounts in these financial slalements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The prinapal accounting policies adopted a set out below. 1.2 Golng ¢on¢ern At the time of approving the financial stalemenls, the Trustees have a reasonable expectation that the Charity has adequate ie50urces lo continue in operational existence for the foreseeable future. Thus Ihe Trustees continue to adopt the going concern basis of accounting in preparing tha financial statements. 1.3 Charltablo fund$ Unrestricted funds are available for u8e al the discretion of the Trustees in fvrtherance of their charitable objeciives. Restricted funds are subject lo spedfic condttlons by domrs or grantors as to how they may be used. The purposes and uses of the rÈslrJ¢ted fund5 are sel out in the notes lo the financial slalemenls. Endowment funds are subject lo speclfic condllions by donors that the capital must be maintained by the Charity. 1A Income Income is recognised when the Charity is legally entitled to il after any perfoman¢e eondilions have been mel. the amounls can be measured reliably. and it is probable that Income will be received. Cash donations are recognised on receipt. Other donations are regnised once the Charity has been notrfied of the donation, unless performance ¢ondillons require deferr81 of the amount. Income lax recoverable in relation to donations reeetrved undèr Grft Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipt or otherwise if the Charty ha5 been notified of an ifflpending distribution, the amount is known, and receipt 13 expected. If the amount is not known. the legacy is Iated as a contingent asset.
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢lo$ IContinugd} 1.5 Expènditure Expènditu is recogni5ed once there is a le9 or constructive obligation lo transfer èconomic banefit to a third party, il is probable that a transfer of economic benefi15 will be required in settlement, and Ihe amount of the obligation can be measured reliably. Expenditure is classffied by actiwty- The costs of each activtty are made up of the total of direct costs and shared costs, induding support costs involved in undertaking Èach activity. Direct costs attributable to a single activity a alloraled directly lo that activity. Shared cost5 which contribtrte lo more than onè activity and support costs which are not attributable lo a single activity are apportioned belween those actiwlie5 on a b8sis consislenl with the use of resources. Central staff costs are allocated on the basi5 of lirne spent, and depreciation charges are allocated on the portion of the assef s use. 1.6 Tangible fixad assats Tangible fixed assets are initially measured at cost and subsequentty measured al c051 or valuation, net of depreciation and any impairment losses. Depreaation is recognised so as to write off the cost or valuation of asseis less their residual value5 over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings olfi Equipmer)t Not depreciated 10°A Slraighl Line 10Yo Slraighl Line The gain or105s arising on the disposal of an asset is delerrnined as Ihe difference beeen the sale pro(eds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairrnent of fixed assets At èach reporting end dale, the Charity reviews the carrying amounts of its tangible ass918 lo detèrmine whether there is any indication that those assets have suffered an impairment loss. If 8ny such indicalkjn exi51s. the recoverable amount of the asset is estimated in order lo determine the extent of the impaitment loss Irf any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held al call with banks, other short-lerm liquid investments with original maturities of thr months or less, and bank overdrafts. Bank overdraft5 ale shown within borrowings in current liabilities. Basic financial assets Basic finan¢ial assets, whith in¢lud& debtors and cash and bank balan(s, arè iniiially measured at transaction Pri including transaction costs and are subsequently carried at 8mortised ¢ost using the effectNe Interest method unless the arrangement constilules a financing transaction, where the transaetlon is measured at the present value of the future receipts discounted al a market rale of interest. Financial assets dassified as receivable within one year are not amortised. 1.9 Retirement benefits Payments lo defined ctsnlributlon retirement benefit schemes are Chafged as an 0xn$8 as they fall due.
THE MEADOWSIDE CHARITY NEwfoN ABBOT AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and Judg•m•nts In thè applicalion of the Charity's accounting policies. the Trustees are required lo make judgements. estimates and as5urnplion5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experienee and other factor5 that are considered lo be r¢l¢vanl. Actual results may differ from these eslimales. The estimates and undertylng assumptions are reviewed on an ongoing basis. Revision5 to accounting estimates arè recognised in the period in which Ihe estimate is revised where the revision affects only Ihat pe0, w In the period of the revision and future periods where the revision affects both current and future periods. Income from donatSons and lega¢les Unrestricted Restricted funds funds 2025 2025 Total Unr•stricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 14,523 14,523 17,384 245 17,384 1,495 1,250 14,523 14,523 17,629 1,250 18,879 kncome from other trading activities Unrestrlcted Unrestri¢ted funds funds 2025 2024 Fundraising events 25 1,330 Other income Unr•strictsd Unr•$tri¢ted funds fvnds 2025 2024 Other income- fees recewed 687,264 677,022 10-
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestrictsd UTrre5tri¢ted funds funds 2026 2024 Fundraising and publicity Advertising 620 Expenditure on charitable activities Totsl tund$ Totsl funds for period for period 2025 2024 Direct ¢08ts Staff eosl$ Depreciats'on and impaiment Agency staff Staff uniforms & training Prinltng, postage & slalionery Rates & ulililies 507,249 59 64,256 5,553 3,012 32,283 438.383 7.972 50,956 6,244 3,231 26.578 k li Cleaning & waste Insurance Subscriptions & linCeS Lease payments Residents èxp¢n$es General expenses Building repairs & maintenance General repairs & maintenance Professional fee8 Travel & susbsistence Accountancy Other charitable expenditure 9,733 11,901 3,245 3,189 140 3,872 12,466 26,433 3,050 214 1,950 22,280 9.256 11,358 2,115 3,085 819 2.679 38,850 10,919 4266 36 1.340 23,297 710,865 641.384 Analysis by fund UnrÈslri¢ted funds Rèstricted fund5 710,885 640,134 3,250 710,885 641,384 Net movèmènt in fvnds 2025 2024 The net rnovement in funds is slated after charging11adItlng). Oepreciatlon of owned tsngible fLxed assets 59 7,972
THE MEADOWSIDE CHARITY NEON ABBOT AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trnsts•s None of the Trustees lor any persons connected with them} receThied any remuneration or benefrts from the Charity during thè year12024'. £Nill. During the period ended 31 March 2025. no Trustee expenses have been incuired12024.. £Nill. 10 Employees The average monthly nurnber of employees during thè yèar was.. 2025 Number 2024 Number 22 Employment costs 2025 2024 Wages and salaries Soaal security costs Other pension 1$18 4fj6.872 32,282 8,095 407,345 24,102 6,936 507,249 438,383 There were no employees whose annual remuneralk)n was more than £60,000. 11 Taxation The charity is exempl from tsxation on its activities because all ils income is applied for charitable purposes. 12-
THE MEADOWSIDE CHARITY NEwfoN ABBOT AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tangible fixed assèts Freehold land Flxtures and and bulliUn98 ritt¢ngs Office Equlpment Tolal Cost At 1 April 2024 Additions 263,148 11,659 89,454 4,731 357,333 11,659 Al 31 March 2025 274.807 89.454 4.731 368,992 Depreclatlon and impairment Al 1 April 2024 DeplaOn charged in the year 88,919 59 4.731 93,650 S9 Al 31 March 2025 88.978 4.731 93,709 Carrying amount At 31 MarGh 2025 274.807 476 275,283 Al 31 March 2024 263.148 535 263,683 13 Debtors 2025 2024 Amounts falling due within one year: Other debtors 1,510 14 CroditoFs- amounts falling due within one year 2025 2024 Other Creditors Accruals and deferred income 3,077 1,350 1,413 1,020 4,427 2.433 15 Retlrement bÈnefit ¥¢heme$ 2025 2024 Defined contribution schèmas Charge to profil or loss In respect of defined contribution schemes 8,095 6.936 The Charity operates a defined contribution pension scheme for 811 qu81rf.ng employèes. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The amounts include(J In the balance sheet arising from the Charilvs obligations in respect of defined benefit plans are as follows: Pension creditor £3.077 P024- £1,413). 13-
THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 16 Unrestricted funds The unrestricted funds of the £*arity comprise the unexpended balances of donations and grants which are not subject lo specjfic conditions by donors and grantors as to how they may ba used. These include designated funds which have been set aside oirt of nStrICted lunds by the Iruslees for speafic purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 396.121 701,812 1711,485} 386.448 Prevlous year: At 1 Aprll 2023 Incomlng Re$our¢e$ resoue expended Tran$tsrs At 31 Mar¢h 2024 General fund5 308,428 695.981 1840,1341 31,848 396,121 Unrestricted General funds These rewesenl the free reserws of the charity Ihal are available to support the general charitable objectives. Dtrsignalèd fixed asset funds- These Tepres&nl the nel book valu& of Ihts Charity's langibla fixad assets. They have been separately designated a5 they do not represent re5erve5 that are available for the day lo day use of the Charity. 17 Related party transactlon$ There were no disclosable related party transactlons durh)g the year12024- none). 18 Cash labsorbed byvgenerdted from operations 2025 2024 IDeficAt)Isurplus for the year 19,6731 55,847 Adjustmènts lor: Depreciation and impalmenl of tangible fixed assets 59 7.972 Movements in working capilal: DecièaseJlincrease} in debtors Increaselldecreasel in creditors 1.510 1,994 (1,5101 {4381 88h (absorbed byygènerated from operations 16.110) 61,871 19 Analysis of changes in netfunds The Charity had no material debt during the year. 14-