Compary regi5trètknn nurnlr. 982753 Charrty registration number. 271317 The Abbeyfield (Exmouth) Society Limited (A o)mpany Itted by guarantee) Annual Rewrt aThl Finanoal Statements for the Year Ended 31 JUPY 2024 Thomp50n Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG
The Abbeyfield (Exrnouth) Society Llmited Contents Ref&ronce and Administrative Detsilg Tntstees. Report 21D5 Independent Examinerf8 Rewrt Statement of Financial A¢viti8s 7t08 Balan¢ Sheet Notss to the nanal Stsl8ments 10t017
The Abbeyfield (Exrnouth) Society Llmited Reference and Admlnlstrative Detalls Charlty Regislratton Nurnbèr 271317 Company Registrntion Number 982753 Registsr8d Office Harding House 101 Satierton Road Exmouth EX8 2NG Mr H S Ritchle. Chalrnwi Miss L M Eison OBE, Treasurer Mrg M E re1 Trusteos Mrs E S Beech MrFRKing Revergnd R Se118fS Mrs V B A Duvaksteer Miss L M @son OBE. Treasurer Secrgtsry Indepondent Examlnor mF6on Jenner LLP Chartered Accountsnts 1 coltOn Crescent Exoter Devon EX2 4DG Page 1
The Abbeylleld (Exmouth) Society Limited Trustees. Report Tha trusleas, who ar8 director¥ for the puryjoses of company Lqw, pr8s8nl the annual rep)rt together whh th8 financial statements and audltors. r8p¢M of the charitable company for the yEar eThled 31 July 2024. ObJoctiv•s and acti¥llles Clbjocts •nd •lm$ Th6 object of the charlty to wide the eldety V*ith their own home withln s9curfty and companionshlp of 8m811 houseFwJkls vthich can provide foc81 Ints for 4.11 friandly ntact wlthin the Community. Abbe81d (Exmouthl Sodety Is 8 member of Abb&Id vlhith is also a r8gL8tered charlty whlch provides homes for the elderfy over 8 whje range of dlff8ring care wllhin the UK. ObJ8ctfve$, $trategl•$ •nd 8cdvlties In furlher8nce of the objécts d8tailed above, IhB charlty OTateS 8 home for up ts 13 elderly rnsld6nts al Salterton Road. Exmoulh provldir¥J 8 safe and $6uJre envlronmenl wlth a communal feel. Ovorall dSTection of the charhy and manalwienl ol the house L8 undgrtakan by tho truslees. The house is run by a non4esident house manager, assisted by a deputy and the part-llme aStantS to provldo meals, cleaning, laundry 8rn1 gener81 care for tha residents. We do r1 provld8 per80nal c8rg', Ihls18 provided by a care agency empw by the rns•Jgnt 11 requirod. Ther8 Is also a part tlme administrator. Limlled use is m•Je of occasional volunteer helrn vthen avalLqble. Publk ben•fft In 88ttlng obl8clve8 and plannlng acimtsos, the Tru8t60s have nSkyar0d the Chadty Comm188lon'6 general guldanct on publ benefit and to Its Supplementary public benefit gu5dance on foe-charging. An individual's eeonomic status, gender. ethnty, Trce, reIMJn or disability do rt forn part of our assessment processes except where the care offered by the society is not deemed lo be approprlale for their needs i.e. dement5a. Severe moblkty prnns or thronK illrÈss. If noeded, the charbty a8slst8 r68idents vlth Houslng Benefit applicatlons. The trusts6s confirm that théy have complled vkn th8 requiroments of saction 4 of tho Ch8rltle8 Act 2011 to hav6 due r•gard to the publc beffl guId¥e wbllsw by the Chadty Commlsslon for England 8nd Wa.
The Abbeyfield (Exmouth) Society Limited Trustees. Report Aehigvomants and Perfornunca The home operated by Abtfftld (Eyrnoulh) Socaety conbnued to operate throughout the year, however the charity LKJntinued to have a substantial number of voNJs during the year and found rt drIlI to re4et rooms. The puibon improved during the latter part of the year and wll hopeful continue into the next financial sear. The F)srfion is being Monitor ck)sety by the Executive Committee. Due to the number of votds and redLKed tt was newsary to monitrf expenses very d¢xely and if nesary, posltx)ne work. however general maintenance costs wer81ry4V. Al major uror8dlng works have been cOmptEd and a now boibr wdl ba instalkd shorty. Flnanclal Revlew The reserves of the tharity as * year-end are sh)wn on the balanc* sheel. The financial sttualion, In view of the (l)nnUIrYJ challenges volds the stluatlon was regularty revlewed and LL)51s c105ely monilor&J. All areas of income and expendrture were discussed monthty al exeoJtNe meeliThJs and utarty wth the House Managèr. sawThJs have tr)ntinl to be madè where possible; The Charity has no separate funds, all reservos beiro heky are either the unLtsed rested irMe from the grant from Abbek1 Ly7ne Rj15 to be used for upgrairy rwms or unrestricted. The trustees do not plan any chang8 in the adNrbas ofth8 tharrty or the way th8 psent actNittes are cx)nductsd, however th& ExecutNe Committee are revwing on a regular basis to ensure that the CharFty provides the accommodatton and semcas nel&J for present and fure residents. The Trustees woukl Ilke to thank tho stsff for changing th8ir pattoms and hou lo ensure that cover provided WittUt the need to empkny further staff. Trusta•s and offlcers The truslees officers servirg during the year aThJ since yaar eThJ were as followE: Trusl88S: Mr H S Ritchie. Chalmwt Miss L M ELson OBE, TreasUr Mrs M E Lawre Mts E S Beech MrFRIfjNJ Revere1 R S8118rs m V B A Durdksteer (apwinted 25 Oclober 2023) Secretary.. Mtss L M El OBE. Treasurer
The Abbeyfield (Exmouth} Society Llmlted Trustees. Report Structure. gov•manc• and management Name off governing document The wming document of the charity B its mem¢yalUrn arKI artides of asl8th)n. Oryanisatlon41 structure The Abbeyfield (Exmoulhl Soaety Limil&J i8 a company Im11j by guarantee. Recrultm8nt and appointment of trustees New trustees are seed e¢ther from peop kTr)wn to Ihe exOstYJ INstee8 or members of the communty wtrKI have shown an interest in Hardiry House have tha appropdat8 experfenc& and skills that would benefft the Charity. Specrfic trustees are wIble for fire aTrJ heamh and safety. re5Klents. mantenare, finance a3 staffing. knduction and training of trusto 11 the opinlon of the trustees that the nature of Ihe th Carri oul by the Abbefftld (Exmoulh) Is such that no SFecBliwl trainlng required for them to cary oui theSr work as Iruslees. However. training is provided for slaff and for trust88s, where appropriate. lo enab them to cary out speclfic duttes or resFonsibililies. Al new Irustees aTrJ staff folk an inductton programn. Malor rl$ks and management of those rlsks The twslees regulaty review tITE major rfsks whlch face th8 Charity and have imPlefited systems and procedures to manage those risks. Ststsment of trustees. responslbllltl The trustees {who are also the directors of The Abtwfield (Exmouthl $Iety Limited for the purpK)ses of company lawl are responsible for Preparij the trustees, report aThJ the finandal slalemgnts in accordance applK8ble law and United KirrfJdom Accounting Standards (United Klngdom Generalty Accepted AccounUng Practicsl, iThSudirvJ FRS 102 Tr Flnancoal Reporting StaThlard appIlble in the UK and Republic of Ireland.. Company law requires the trustees to prepare finerla1 slatements for each financial year. Under eompany law the trustees must approve the financial ststements unless they are SatiSfd that they give a true and fair view of the stste of affairs of the tharitable c)mpany arKJ of the incoming resources and applicatton of resources, induding ils income and experKliture. of the charhable company for Ihal p8riod. In prepariThJ these fin8n(xal stslements. the twstees are required to: select suitsble accounting p)lths arKI apply them nSIStenty. obseNe the methrxts and principks in the Charitt8s SORP., makejudgements and eslimates that are reasonabb and prudent state whether applicable a(s)unting stsrthrds. comprisirvj FRS 102 have been follrywed. subject to any materk41 departures disclosed and explained in the finan(ial statements: and prepare the financtal statements on the 4olng COnM basis unless it is inappropriate to presume that th8 tharitabte cnmpany VAII ¢x)ntinue in buslness.
The Abboyfleld (Exmouth) Soclety Limited Trustees. Report The truslees are responsible for keeping proper accounting records that can dlscbse wlth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial ststements comply wlh the Companies Act 2006. They are also r88ponsible lor safeguarding the assets of the charitsble company and hence for taking reasonable 8tsps for the prevention and detection of fraud and other Irregularit5. The trustees are responsible for the maintenance and integrity of the corporate and financial information includ&1 on the charitable companls webslte. Legislation governin9 the pparatiOn and dissemination of financial statements may differ from18gislation in olherjurisdidions. The annual report was approved by the trustees of the chadty on behalf by.. and signed on its Mr H S Ritthie. Chairm8< Trustee Page 5
The Abbeyfield (Exmouth) Soclety Limited Independent Examinerfs Report to the trustees of The Abb•yfi•ld (Exmouth) Society Limited (Ihe Compan} I report to the ch&ty InJsle8s on my examinatk>n of the accL)unts of the Company for the year gnded 31 Juty 2024. Responsibilities and basls of report As the charity's trustee5 of the Company (and aL80 its directors for the purwses of company kw) you are responsible for the preparation of the a¢Unts in a)rdar th the requlremenls of th8 Companles Act 20061'the 2006 ACV). Having satisfied Mtr that the of ts Compary are not ul1 to be audibl under Part 16 of the 2006 Act and a eligible for ind&pendent examinatkjn, I roKK)rt in respect of my examinaUo of your Chart$ attounts as carried out under section 145 of the Chadties Act 2011 I'lhe 2011 AcV}. In caThwng out my examination I have fr•lb7w&J the Dlrectk)rts gN8n by the Charrty Commi$sh)n under section 145{5)Ibl of the 2011 Act. Independant axaminerfs $tatement I have completed rny eXamInatn. l o)nffirni that no mattws have eome to my attenon In o)nnection with the examKnation g%ving me caus8 to believe: 1. accounting recorrls were mt kept in respect of Tha AbtwfielJ (Exmouth) ety Llmited as r8quired by section 386 of the 20[ Act.. or 2. the accounts (lo not 8(xord Vith tFbJse records,. or 3. the accounts do mt compty yth the a(s)unting requirements of sectkjn 396 of the 2006 Act olher than ary requiremenl th the a(xx>unts gNe a IT arKI fair which is not a matter consldered as part of an Indendent examinat*)n". or 4. the accounts have not been prepared in ac1y)ryJan wth the methrAls and prin¢iples of the statement of Reeommended practi for acu)unting and rekN)rting by charities lapplicab to charities preparing their accoLJnts in ar)rdan vlith the Finanoal Rewrting Stsndard aptAicabl8 in tho UK and Republic of Ireland IFRS 102)]. I have no concems arKI have come across no other matters in wnnedN)n th6 examination to which attention shouhy ts drawn in Ilus report in order to enab a proper Undending of thfr ccounts to be reached. Jonathan Westl8y FCA. Thompson JenrEr LLP Chartered Accountsnts 1 Coilelon Crescent Exaler Devon EX2 4DG 20£5
The Abbeylleld (Exmouth) Soclety Llmlted Statement of Flnanclal Activities for the Year Ended 31 July 2024 (Including Income and Expendlture Account and Statement of Total Recognlsed Gains and Losses) utrIct•d funds Restrlctod lunds Total 2024 kncome and Endowments from: Donations and kgaaes Charitable acUvili68 21,747 180,298 6,414 28.161 180,298 Total income 202,045 6,414 208.459 Expendlturg on: Charitsble activi116s 1SI3,277 6,414 202,691 Totsl expend5ture 196.277 6,414 202,691 Net Income 5.768 5.768 Net movement in funds 5,768 5,768 RKonclllaUon of fund• Total lunds brought forward Total fund8 carrled forward 414,357 414,357 17 420,125 420 125 The notes on pages 10 10 17 form an inttyral part of these financaal statements. Page 7
The Abbeyfield (Exrnouth) Soclety Llmlted Statement of Financlal Actlvlties for the Year Ended 31 Juty 2024 (Including Income and Expendlture Account and Statement of Total Rocognised Galns and L0559s) Prior period comparntiv• Total 2023 nd# fund• Note Incom• and Endovmlonts froffl: Donaln8 and legaues Chadtsble actfvbt 5.449 6.849 182,838 182,838 Totsl Incom 184.238 5,449 189,687 Expgndltur• on: Charitable activith'8s 182,140 5.449 187,589 Totsl eXndituTe 182,140 5.449 187,589 N8t Incom8 2.098 Nel movement in fijnds 2,098 R•conclllatTon of fund• Total funds brought forward 412 259 412,259 Total funds carrled fOard 17 414.357 414,357 All of the charfV8 acllvlllos derlve from tsJnttnulrKJ operadorffj durWw the atx)ve two riOd. The funds breakdown ft>r 2024 and 202319 sFMiwn In note 17. The notss on PA 10 to 17 fom) an integral part of Ihe88 finand8] st8tements. Page 8
The Abbeyfield (Exmouth) Society Llmlted (Regislration numb•r: 982753) Balance Sheel as at 31 Juty 2024 2024 2023 Flxed assets Tangible assets 10 339,657 341.358 Current assets Debtors Cash 8t bank and in haTr 11 12 4.914 108,578 113,492 109,348 109,348 Credltors.. Amounts falllng due wlthln one yo 13 33.024 36,349 Net Current ass•ts 80,468 72,999 Net assets 420.125 414,357 Funds of thè charity: Unrostrfctgd income funds Unresiricted funds 420.125 414,357 Total funds 17 420,125 414,357 For Ihe financlal year endlng 31 July 2024 the chaTrty was ontitlod to exemption from audtt under 8ectEon 477 of the Companies Act 2006 rpk3tlrYJ to small (xjmpanigs. Dwtors. r8sw)nsibilities: The rneMbe have rKrt required tho tharity to obtan an audit of its acunts for the in question In accI)rdan with section 476.. and The directors acknowledge thelr reswnsibilities for cOmplng with the wuirerr£nts of the Act wth respect to accounting rpu)rds and the preparation of arxx)unts. The fin I statements on pag8s 7 to 17 were apprDved by the trustees. and authoris&l for issue on and signed on their behalf by. r H S Ritchie. chaimn Trustee The r on pw 10 to 17 fomi an integrdl part of the80 financ4al statements.
The Abbeyfleld (Exmouth) Soclety Llmlted Notes to the Financlal Statements for the Year Ended 31 July 2024 1 Charlty status The charhy is a company Incorpor8ted In England & wa8. Ilmited by guarantee and consequent does not have share capSlal. Each of the Iruslees Is liable to conlrlbute an arnount rb)l exceeding £1 towards th8 ass8ts of the charlty In the event of liquidation. The principal place of business is.. Hardlng House 101 Salterton Road Exmoulh Devon EX8 2NG 2 Accountlng policles Summary of significant accountlng policies and key accountlng estlmates The principal accounting policies applied in the preparats'on of these financlal statements are set out b8tow. These policies have been consislenlly applled to all the years presented, unles5 Othemise slated. Basls of preparation Thg financial statements have been prepared in accordance wth Accounting and Reporting by Chariues: Statement of Recommended Practice 8ppIic8ble to charthes preparing their accounts in accordance th the Financial Reportlng Standard appllcable in the UK 8nd Republic of Ireland IFRS 1021 leffecte 1 January 20151- Icharlttes SORP IFRS 10211, the FlnarbGial Rgporting Standard appllcable in the UK and Republlo of Ireland (FRS 102) and the Companies Act 2006. Golng concem The twsleas consider that there 8re no materlal uncertainties about the charivs abillty lo ntinUe as a golng concern nor any signlficant areas of uncertainty Ihat affect Ihe canying value of assats hetd by the chartty. Inme and endowments All income is r8cognised once the charity has entillemonl lo the in(Me, is probable that th8 income I11 be received and the amount of the incom8 receivable can be measured rellabty. Donations andlega¢les Donatsons are recognised when the charity has been notified in writiNJ of tx)th the amount and settlement date. In the event that a donation Is subject lo conditions that require a level of perfomiance by the charfty before the chafty is enliUed to the funds, the income is deferred and not recognlsed until either Ih05e condittons 8r8 fully m&1. or the futhlment of those conditions is wholly within th8 control of the charity and it is probab that these condllons wlll be fulfilled in the reporong P8ri0d. Page 10
The Abbeyfield (Exmouth) Soclety Llmlled Notes to the Flnanclal Statements for the Year Ended 31 July 2024 Defferred Income Deferred income repres8nls amounts rec8lved for future periods and is reIeased to incoming resources in the period for which, it has been receiv8d. Such Income is onty deferred when: - The donor specifies that the grant or donation rnusl On be used in fUtsJ accountlNJ perlods. or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Other Income Income from other trading activitiès includè rental Income In respect of the tenants at Hardlng House ané is regnised where there is entillemenl. Expendlture l expenditure is recognised once there is a legal or constructive obligation to that expenditure, It Is probable settlement is required 8ThJ the amounf can b8 measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that (8legory. Where costs cannot be direcuy attrlbuled to particular h8adings Ih8y have been allocated on a basls conslslent wllh the use of resources. Charltabla actlvltl05 Charitsble expenditure comprises those cos15 incurred by the charity in the delivery of its actNilies and seNc88 for its ben@ficiaries. It includes both costs that cbn bè allocated directly to such activities 8nd those cos18 of an Indirect nature necessary lo support them. Governance ¢o$ts Th8S8 includ8 the costs attributable to the Charitys compliance with conslitulional and statutory requirements, including examination of the statutory accounts. strategic management and Trustee's meelinyg and relmbursed expenses. Tanglble flxed assots Individual fLxed assets cosllng £500 or more are initialty recorded at cost, lass any subsaqu&nt accumulatGd depreciation and subsequent accumulated Impaim)enl108se8. Depreciation and amortisauon 11 Is the Charllable Companys policy to maintain the freghohd property in a stale of sound repair, the costs beiro written off to the Slalement of Financial Aclivili8s wh8n incurr8d. Accordingty, the Trustees believe that the useful economic lrfe of the buildings is so long and that the residual value, m82sur8d in prices prevailing at the time of acquisllion. Is so hlgh, that any depreuation i8 not material to these accounts. Any pemanenl dlminution in the value of freehold property is recogni5ed In the Statement of Flnancial Advitles when incurred. Depreciation is providad on tangible fixed assets so as to write off the cost or valuatwjn, less any eslimaled residual value. over their expected useful economSc lrfe as follows: Asset class Depreciation method and rats 15% reducing balan and 5 year straight line Plant and machingry Page 11
The Abbeyfield (Exmouth) Soclety Llmlted Notes to the Financial Statements for the Year Ended 31 July 2024 Trade debtors Trade debtors are amounts due from StlTerS for merchaThJise sold or 8eNi¢x perfomied in the ordinary wur8e of business. Trade debtors are recognised Initially 81 the tranwlion pe. They are subsequently measur8d at amortised cost using the effe(aTve interest Meth. 18&8 provision for impalm)ent. A provk8k)n for the Impairment of trade debtor5 is established when th8r8 is objectwe evidence that tha charfty will not be ab to Collect all amounts due acojrding to the Origu1 tern of the recei1rdb. Cash and cash equival8nts Cash and $h equivalents comprise on haTrJ and call deposits, other short-lerm highly Ilquid investrments that are rea(lity converhble tr) a kncr+4n amount of tssh and are subject to an insignific4nt risk of change in val. Fund struclure Unr8stricted income funds are general funds that are availab for use at the trustees discfetion in ffijrthera of Ihe obigctives of the (knrity. 3 Income from donatlons and I¢S Unrestrict•d nds Genoral Restricted nds Totsl funds Donations and legaaes" Don8nS from MpanIeS. trusts aTKJ Similar proceeds Donath?ns from indmduats 6.414 6,414 21,747 21.747 T¢)tal for 2024 21.747 6,414 28.161 Total for 2023 1.400 5.449 6,849 4 Income from charltsblo actlvltle$ Unrestrlcted Total 2024 Total 2023 General Propety rental inrne 180298 180,298 182.838 Pag8 12
The Abbeyfield (Exmouth) Soclety Limited Notss to th• Flnancial Statements for the Year Ended 31 Juty 2024 5 Exp•ndituro on ch¥rltabi• activitie Unrnstrlct funds Restrictod funds Total 2024 Totsl 2023 Gen•rnl Employment cost Establishment costs Repalrs 8nd mainlenarK8 Membefshlp fe88 Sundry arKI other Ckanlng Advertl8Sng and promollon Oapredallon of tanglbla fixed assets Govemanco costs lanawj bèlow) 113.657 113,657 54,348 15,728 8,154 513 1,062 931 107,635 52,462 12,511 4,192 2,144 820 88 15.728 8,154 S13 1,062 114 6.414 6.528 5,583 2.154 187.589 202,691 £196.277 (2023: £182,140) of the above eXFdi1urè WAS unrestr1ed and £6.41412023.. £5.4491 wa8 r8Blrfctod. 6 An•ly•l8 of governanc• and tspport co•ts Oov•Tnance co•t• Unr•strlcted Totsl 2024 Totsl 2023 G•ner•l IndeperKlent ex8mlnerfs fee 1.770 1.770 2,154 1,770 1,770 2.154 7 TnOeS remunerat5on and expon••s No trustees, nor any persons connected with Ihem. have reedv1 any remuneration trom tha charity durlng the y8ar. No InJ51ee8 have receNed any rrnbUrned expenses or any other b8neffts from th8rtty c*Jréng the ygar. Page 13
The Abbeyfield (Exmouth) Soclety Llmlted Notss to Ihe Financlal Statements for the Year Ended 31 July 2024 8 Stsff costs The aggregate payToll costs were as foltows: 2024 2D23 staff costs during the year wer•: Wages and salaries 113.657 107,635 The monthly average number of persons (indLKling Sen man8gement l knlershlp team) empkjyed by the charity durtng the year expreswl full time •4U1vants was as folkjvs: 2024 No 2023 No Charitable acti$ Administrat Contributlons to the empbyEe pensK)n sd)&mes forlhe year totalled £4.489 {2023- £4.4361. No employee recelv&J ern0ments d rrrf)re than £60.000 duriNJ the year. 9 Taxatlon The charity ts a registered drity and i% Iherefore exempt from taxauon. Pa 14
The Abbeyneld (Exmouth) Soclety Llmited Notes to the Financlal Statements for the Year Ended 31 July 2024 10 Tanglble fix•d assots Land and buildings Flxtures and fltvngs Total Cost At 1 AguSt 2023 AdditIS 318.803 68,665 4,827 387,468 4,827 Al 31 Juty 2024 318,803 73,492 392,295 Depreclation Al 1 August 2023 Charge for the 46,110 6,528 46,110 6.528 At 31 July 2024 52.638 52.638 Net book valuo At 31 July 2024 318,803 20,854 339,657 At 31 July 2023 318,803 22,555 341.358 11 Debtors 2024 2023 THle debt 4.914 12 Cash and cash equivalents 2023 Cash on hand Cash at bank 108.572 109.345 108.578 109.348 13 Creditors: amounts falllng duo Twlthln one y 2023 Other credltors Deferred income 8.494 24,530 5,405 30,944 36.349 33.024 Page 15
The Abbeyfield (Exmouth) Soclety Limited Notes to the Financial Statements for the Year Ended 31 July 2024 2024 2023 Deferred income at 1 August 2023 Resources deferred in the period Amounts released from pr8WOLLS periKIs 30.944 30.944 6,4141 Deferred inwme at year erKI 24,530 30,944 14 Related party transactions There were no reiate(I party transactions in the >Ear. Controlling entty The tharity 15 Cl11 by the Ttee$ tho are all directors of the company. 15 Net incomingloutgoing resour Net Incnmlng resources for the Iude. 2024 2023 Depreciatson of red assets 6.528 5,583 16 Anatysls of net as$0ts belwggn funds Unrestricted funds General Total funds at 31 Juty 2024 funds Tangible fixed assets Current assets CuTrent liabiltss 319,447 109.172 8.494 20.210 4,320 24,530 339,657 113,492 33.024 Total net assets 420.125 420,125 Unrestrfcted funds General Total funds at 31 July 2023 Restricted nds Tangible fixed assets Current assets Current liabilitie5 319.561 1LXJ,201 5.405 21.797 9,147 30,944 341,358 109.348 36.349 Totsl net assets 414,357 414.357 Page 16
The Abbeyfield (Exmouth) Soclety Limited Notes to the Financial Statements for the Year Ended 31 July 2024 17 Funds Balance at 1 August 2023 Incomlng resources Resourc0$ gxpendgd Balance at 31 July 2024 Unrestrlcted funds Unrestricted general funds Restricted fund8 414,357 202,045 (196.277) 6,414 420.125 Total funds 414,357 208,459 202,691 420,125 Balance at 1 August 2022 Incomlng resources Resources expended Balanc• at 31 July 2023 Unrestricted funds General 412,259 184,238 (182.140) 5,449 414,357 Restricted funds Total fund$ 412,259 189.687 187,589 414.357 Page 17