REGISTERED COMPANY NUMBER: 01324906 (EnglaDd gDd Wales) REGISTERED CHAIUTY NUMBER: 274326 Re ort of the Trustees and Unaudited Financial StatemeNt5 for the Year Ended 31 March 2024 for The New Ash ale CJ411er Trust Limited PPK Accountonts Limited Chartered Certified Accountants Sandhurst House 297 Yorktown Road Sandhurst B¢Tkshire GU47 OQA
Tbe New Ash att Galle Trust Limited Contents of the FiDaDcial Statements for the Year Ended 31 March 2024 Page Reference and Adjnlnlstratlve Detalb Report of the Trustees 2 to S Independent Examlner's Report Statement of Finanelal Actlvities Blllanee Sbeet Not&$ to the Finanelal Statements 9 to 14
The New Ash ate Galle Trust Limited Reference 4n(l Administrative Details for the Year Ended 31 March 2024 TRUSTEES N Corkish Chair M Benton J Miles {resigned 15.824) MASmith A F Butler A Coppock (Aesigned 24.8.23) C A Jackman H C B Nicholson (resied 24.8.23) SLBird A Good (appointed 23.5.23) C D Goode (appointed 22.2.24) GALLERY DIRECIDR Dr Outt Remes COMPANY SECRETARY M A Smith REGISTERED OFFICE Wagon Yard Farnha Surrey GU9 7PS REGISTERED COMPANY NUMBER 01324906 (England and Wales) REGISTERED CHARITY NUMBER 274326 INDEPENDENT EXAMINER PPK Accountants Litnitcd Chartered Certified Accouulants Sandhurst House 297 Yorktown Road Sandhurst Berkshire GU47 OQA Page I
The New Ash ate Gallc Trust Limited 15tered number: 01324906 ort of the Trustees for the Year Ended 31 MaT¢h 2024 The trustee5 who are also directors of the charity for the purposes (Trf the Compaknies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The tnjsiees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IKland (FRS 102) (effective l January 2019}. OBJEcfivES AND ACTIVITIES The Trusvs principal objectives as & non-profii making organisation are those of promoting, ¢¢lebrating. and advancing high-quality contemporary art and craft ideas. objects, creative learning, and artists and Makers. Through a varied and innoyative exhibition programme and educational remit, the Trust aims to calalyse fine arts and ¢rafts activity in the region. By providing an environment that is aceessible, open. and stimulating to all, the gallery PToJnotes awareness and knowledge of arts and crnfts, encourattes and enuages audiences, offers educational opportunit1¢5, and supports arts and crafts practilioners on a financial and practical level. Alongside other cultural organi5ations in Farnham. it aims to promote Farnharn as the World Crnft Town of England with Inuch 10 offer resident5 and visitors alike. In deciding what activities, the Trust should undertake during the year the Trustee5 have paid due regard io the Charity Commission's guidan¢e on public benefit and, as appropriate and wheir relevanL we ensure we reflect the standards within the Code of Fundraising Practice. Page 2
The New Ash ate Galle Trust Limited istered number: 01324906 Re rt of the Trustees for the Year Ended 31 Mareh 2024 ACHIEVEMENT AND PERFORMANCE The Gallery had a challenging y¢t productive year, with variable sales patterns reflecting the broader economic context. Despite the c05t-of-living crisis, higher Inflatio and ongoing geopoliiical tensions, Ollr exhibition programme and community engagements Temained robust. We navigated these challenges by adapting our strategies and maintaining a focus on delivering high-quality events and initiatives that resonate with our audience. At ihe same time, we continued to focus on three key areas-. delivering ¢xhibitions that generdte income for artists while engaging our audienee. supporting early ¢areer developmeni and fostering community engagernenL The Rising Stars 2024 programme. funded by the Radcliffe Trust and Biltmeir Charitable Trust, witnessed exceptional growth with 165 applications, a 5ignifJ¢ant increase from 113 in 2022. This surge highlights the programme's strengthening reputation and its crucial role in supporting early career creatives. The selection process, involving the New Ash8ate Gallery> Making Good¢, and the University for the Creative Ans, culminated ill the identification of 27 exceptionally talented maka5. Notably> 52 /0 of these s¢l¢¢ted individuals corne from undeepresellted groups. including Blatk, Asian. and ethnically diverse backgrounds, LGBTQtA+ communities, and those with visible or non-visible disabilities. This coffttnitment to diversity is integra] to the Rising Stars ethos, enriching the creative landscape. As part of the Rising Star5, we delivered a compr¢hensive professional d¢v¢loprnent programrne iailored foT these makers. The training focused on essential business skills. including cash tlow managemeni and pricing strategie5, crucial for sustaining a successful creative practi¢¢. In addition, Time to Think" sessions promoted Tesilien¢e and independent thinking, fostering valuable peer 5UPPOrt networks. For the first time. the progrdmme was actively engaged with the Crafts Study Centre through the 'Curator for a Day, initiative. This initiative not only elevated the visibility of diverse makers but also enabled them to interact in depih with British craft history. The Surrey Artist of the Year 2023 (SAOY 2023) competition also showcased the remarkable lalents emerging from our community. 16 artists were thortlisted, with Lucy Dorothy Nichols being named the winner. This competition not only celebrates artistic aehievement but also fosters public engagement through voting, underscoring the importance of community involvement in the arts. The recognition gained through SAOY is advances artists, careers and enhancing their visibility within the artistic community. Our community craft progrdmme, developed in partnership with Fantham Town Council, has been a highlight this year. Through a series of workshops, we engaged families and residents. fostering a vibrdnt community spirit. Events such as Coronation Cross Stitch and Textile Card Winding Mandalas re¢¢ived overwhelmingly positive feedback, reflecting the public's enthusiasm for creative EDgag¢ment. With 98Yo of participants rdting the events highly, our initiatives have strenheCd NAG'S reputation &5 a community_focused ¢lwity. Moreover, New Ashgate Gallery was honoured to donate, on behalf of the estate of John Bryce, more than 200 watercolours, woodcut prints arAd woodblocks to NHS and healthcare sites. These artworks will etthance hospital environments, providing comfort and inspiration. The woodblocks will also be used for educational purposes by the Royal Society of Painter-Printmakers. Additionally, our collaboration with DAISY {Disability Arts in Surrey) for the residency wilh artist Kate Kenningion Steer has significanily Contributed to our community engagement efforts. Kate's residency, running from August 14 to September 16, involved infottnal conversations and activiti¢s, encourdging residents to connect with the arts in rneanin8fv1 ways. This initiative not only elevated awareness of our projects but also Teinforced 0r commitment to inclusivity within the arts. Diversty and inclusion are important to our mi55ion. We are dedicated io PTomoting representation from underrepresented co]n[u1t1cs within the arts, en$uring that all voices Bre heard and valued. As a reflection of this, we actively participated in the Crafts Council's Too]kit for Change, an anti-racism and diversity plaifom that infomis our programming ad governance strategie5. Through this initiative, we continued to assess our practi$ to enhance diversity and access across all aspects of our work. We extend our Wdtitude to our valued partners for their generous SUPPOTL Billmeir Charitable TTU5L Radcliffe Trust, Farnham Town Council, South Street Trust. The Erica L¢onprd TnL and Farnham Institute Charity. Their contributions have been invaluable in helping us achieve our goals and further our tllission. P88¢ 3
The New Ash ate Call¢ Trust Limited istcred number.. 01324906 ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Total inci)me for the year amounted to £132,171 {2023.' £127.169) resulting in a loss for the year of £12,961 {2023: £15.413). At the end of the year UnTestricted net Cuent assets were £142,510 {2023.. £144,940), Providin. a Strong buffer despite the challenging enOMiC enviTonment. Reserves Policy The gallery TnaiDtsins a designated reserve of £60,000 io cover least six months of opernting costs, ¢xcludiT]g depreciatitsn. FUTURE PLANS W¢ are cornmitted io ¢n5UTiDg that NAG remains resilient and adaptable to evolving trading conditions. The ongoing development of the NAG Business Plan will includ¢ a strong focus on colnmunity craft engagement and further integration with Farnham's ¢ultural a¢tiviti¢s, reinforeing its status as a World Craft Town. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeumeDt New Ashgate G211¢ry Trust Lirnit¢d is a charitable trust, limited by guarnntee, govemed by its Memoranduin and Artieles of Associatio[] dated 1976, and amended in 1997 and 2014. It is a Tegistered charity with the Charity Coinmi5sion. Recruitment and appoilltment of new trustees Tntstees ale elect¢d by the Membeis of the Ttust at its Annual General Meeting. One-third of the trustees retire in iot2tion each year but 0Y be re-elected. Other trustees may be appointed by the tTUStees during the year, bui they must retire at th¢ next AGM, although th¢y tnay be re-elected. For the ac¢ounting period to 31 March 2024. all Members of the Trust wer¢ also trust¢¢s. Org2niution¥l $tru¢ture The tru5te¢s meet four tiin¢s a year and hAve ultirnat¢ responsibility lor dir¢¢ting the affair5 of the gallery, ensuring it is solvenl w¢ll-run, and deliv¢ring th¢ out¢om¢s for whi¢h it has b¢eD set up. Its focus is on the strategic diredion of the harity, and it employs a gallery dir¢¢tor and thr¢¢ art consultants to ov¢rse¢ th¢ day-to-day running of th¢ organisation. Indction and training of n¢w trustees New truslees receiv¢ an infonllation pack upon appoinlm¢nt, whi¢h informs them of th¢ir legal obligations under charity law, the content of the Memorandum and Articles of Association, the structure and d¢cision-making pro¢ess¢S of the Trust. the objectives of the Tn the history of the Trust and gallery, and inforniation on the other board members. Related parties The charity has close associations with a variety of other local arts organisations and schools. It works closely with th¢ World Craft Town pathers. including Farnham Maltings, Crafts Study Centre. the Famham Pottery. and the University for the Creative Arts towards developing OppOnitieS for the craft organisations in Farnham to projnote the creativity and the ststus of the town as England's Craft Town and the World Craft City. Regionally and nationally, the Trust has connections with several art organisations including Surrey Atts, SUeY Artists Open Studios. Contemporary Glass Society, DAISY - Disability Arts in Surrey, Arts Thread, Bishopsland Educational Trust, The British Art Meda] Society, The Design TTUSt. Making Goode, Handmade Britai The Pastel Society, Royal Society of Painter-Printtnakers, Arts Council England and The CTaft5 Council. Internationally, the Trust has connections with curators and orti5ts based in Europe. Risk rnallagetn¢nt Th¢ trustees hav¢ a duty to identify and review the risks to which the charity 15 exposed and to ensure appropriate ¢ontr(Trls aTe in pla¢¢ to provide reas(Trnable a5suranc¢ against fraud and error. The Risk R¢gi5ter 15 updated iegularly. Page 4
The New. Ash ate Galle Trust Limited Re istered nurnber.. 01324906 rt ofthe Trustees for the Year Ended 31 Mthreh 2024 This report has been prepared in a¢¢ordance witb the special provisions of Part 15 of the Companies Ac¢ 2006 r¢latiDg to small coJnpani¢s. Approved by order of the boHrd of tswte&8 on ........ .. .. aDd siglled on its behalf by.. Nco ish- Tnte¢ Page 5
Inde endeNt Examiner's Re ort to the Tru.stee5 of The Ne)v Ash gt¢ Galler Trust Limited Independen¢ examiner's report to the tru5tee5 of The New Ashgate Gallery Trst Limited ('the Company,) I report to the charity ttU5tees on my examination of the accounts of the Company for the year ended 31 March 2024. ResponsibilitSes and b#$ls of report As the Ch"ity'S trustees of the Coinpally {and also its directors for the purposes of wmpany law) you are responsible for the preparation of the accowjts in accordance with the rquiren)ents of the Cornpani¢5 Aet 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be alldited under Part 16 of the 2006 Act and are eligible for indepeDdent examination. I report in respect of my examination of your charsty's accounts as carried out under Section 145 of the Charities Act 2011 Cthe 2011 ACV). In carying out my examination I have followed the Directions giv¢n by the Charity Commission under Section 145(51 (b) of the 2011 Act. Independent exarniller'5 ststtment I have completed my exajnination. I confjrn) that no matters hav¢ Come to my attention in connection with the examination giving me cause to believe.. accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Ad,. or the accounts do not accord with those records. or the accounts do not comply with the accounting reqllirement5 of Section 396 of the 2006 Act other than any requireinent that the accounts give a true and fair vi¢w which is not a matter considered as part of an independent examination. or the account5 have not been prepared in accoi'dance with the rnethods and principles of ihe Statement of Recominended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accoiQan¢e wilh the Financial Rcpoiting Standard applicable in the UK and Republic of Ireland IFRS 102}). have no Concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr ames Brooks FCCA MAAT PPK Accountants Limited Chartered Certified Accowjtants Sandhurst House 297 Yorktown Road Sandhurst Berkshire GU47 OQA Page 6
The New Ash att Galler Trust Limited Statem¢nt of Finallcial Activities for the Yr Ended 31 March 2024 2024 Total fund$ 2023 Total funds Unrestricted funds Restricted fidS Notes INCOME AND ENDOWMENTS FROM Donations and legacies 12.368 13.000 25.368 29,091 Charitsble activities Gallery activities 104,987 104.987 97,530 IDve5tment income 1,816 1,816 548 Total 119 171 13.000 132 171 127 169 EXPENDITURE ON Charitsble &ctivities Oall¢ry activities 134,408 145 132 142.fj82 NET INCOME/(EXPENDITURE) (15,237) 2,276 {12,961) (15,413) RECONCILIATION OF FUNDS Total funds brought forward 204,001 2.349 200,350 221.763 TOTAL FUNDS CARRIED FORWARD 188,764 4,625 193 389 206,350 The notes forni part of these fancial statements Pag¢ 7
The New Ash ate Galle Trust Lirnited stered nuThber: 01324906 Balance Sheet 31 Mareh 2024 2024 Total fvnds 2023 T(Ftal nds Unre5trided nds Restricted funds Notes FIXED ASSETS Tarjgible assets 50,879 50.879 61.410 CURRENT ASSETS D¢bloTS Cash at bank and in hand ,566 155 048 1,566 159,673 2,868 162293 4.625 156,614 4.625 161.239 165,161 CREDITORS Amounts falling due within one year (18,729) 118,729) (20,2211 NET CURRENT ASSETS 137,885 4.625 142,510 144.940 TOT AL ASSETS LESS CURRENT LIABILITIES 188,764 4,625 193,389 206,J50 NET ASSETS 188,764 4,625 193,389 206,350 FUNDS Unrestricted funds Restricted funds 188,764 4,625 204.001 2.349 TOTAL FUNDS 193,389 206,350 The charitable company is entitled to exetnption fiDm audit under Section 477 of the copanieS Act 2006 for the year ended 31 March 2024. The rnember5 have not required the COTnpany to obtain an audit of its fu]ancial 5tatcJnents for the year ended 31 Msrch 2024 in accordance with Section 476 of the CoPanIcS Act 2006. The trustees acknowledge thetr responsibillties for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fmancial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fancial year and of its surplus or defLClt for each f]nancial y¢ar in aecordance with the r¢quirements of Section$ 394 and 395 and which otherwise cotnply with th¢ r¢quir¢m¢nts of the Companies Act 2006 relating to f¥4¢18] stat¢Jnents, so far as appli¢abl¢ to the charitable company. (b) These f]nan¢ial 5tatemeniS hav¢ b¢en prepared in ac¢ord3n¢e with the provision5 applicable to charitable ¢ompanies subject to the Small MpanIeS Tegitn¢. The financial statements were approved by the Board of Thistees and authorised for issue on . and were signed on its behalf by: The note5 forni part of these f]nancial statements Page 8
N Corkish- l-rustee The notes fonn part of these financial slatements Pag¢ 8
The New Asb 2te Galler Trust Limited Notes to the Finanelal Statements for the Year Ended 31 March 2024 AcCourlG POLICIES Basis of preparing the flnaDelAI statements The financial statements of the tharitable company. which is a public b¢Defit entity under FRS 102, hav¢ been prepared in a¢cordance with the Charities SORP {FRS 102) 'Ac¢ountin¥ and Reporting by Charities.. Statement of Recornmended Practice applicable io charities preparing ih¢ir accol¢$ in accordance with the Financial ReporkiDg Standard applicable sn the UK and Republic of Ireland (FRS 102) (effective l January 20191,. Financial Reporting Standard 102 'The Financial R¢porting Standard applicable in the UK aThd Republic of Ireland, and the Companies Act 2006. rhe flljancial stat¢ments have been prepared under the historical c05t convenlion. The fuwi¢ial statements have been prepared on the going ¢on¢ern basis. Finall¢Trg1 rtporting standard 102- reduced dis¢lo$ure exetnptions Th¢ charitable company has taken advantage of the folloiving disclosure exeinptions in preparing these financial stat¢m¢nt5, as pem)iited by FRS 102 'The Financial Rep(Frting Standard applicable in the UK and Republic of Ireland,: the requirements ofsection 7 Statement of Cash Flows- the iequiiemeiii of paragraph 3.17ld)' the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(aKiii), 11.48(al{ivl, I1.48(b) and 11.48{e),' the requiremenis of paragraphs 12.26, 12.27, 12.291al, 12.29{bl and 12.29A. the requirement of paragraph 33.7. Income All incorne is r¢cognised in the Statement of Financial Activities once the charity has entitlement to the nds, it is probable that the income will be received and the amount can be Tneasured reliably. Expenditure Liabiliti¢s are rerognised as expenditure as soon as there is a legal or constructive obljoation committing th¢ charity to that expendithre, it 15 probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be mea5uied reliably. Expenditure is accounted for on an accruals basis and ha5 been classified under h¢adings that ag¥iegate all cost related to the category. Where costs cannoi be directly attributed to particular headings they have been allocated to activitie5 on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rdte5 in order to write off each asset over it% estimated useful life. Leasehold building improvements FixtLtres and fittings Cornputer equipment 4D/& on cost 250/0 on reducing balance 25Yo on reducing balat]ce Taxation The charity is ¢xempi from corporation tax on its charitable a¢tivities. Fund accounting U]¢striCted funds be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds ¢an only be used for particular restricted puwses within the objects of the charity. Restrictions arise when 5pwified by the donor or when funds are raised for partscular restricted putposes. Further explamation of the nature and purpose of each fund is included in the notes to the financial statements. Page 9 continued...
The New Ash ate G&ller Trust LtThTt¢d Notes to the Financilll Statements- ctsntlnued for the Year Ende4131 MArch 2024 ACCOUNTlf4G POLICIES- eontinued Forelgn curreneles Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange Tlllillg at the balance sheet date. Transadions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction, Exchange differences are tsken into a¢count in atriving at the operatlng result. Penslon costs and other po$t-retirement benefits The chaTitable company operates a defed contribution pension schejne. Contributions payable to the charitsble company's pension scheme are Charged to the Statement of Financial A¢tivitie5 ID the peri(Ml lo which they relate. INVESTMENT INCOME 2024 2023 Interest receivable 1.816 548 NET If4COMEI(EXPENDITURE) Net in¢ome/(expenditure) is slated after charging/(crediting)'. 2024 2023 Depreciation - owned assets 10.773 10.636 TRUSTEES, REMUNERATION AND BENEFrrs There were no twste¢s' remuneration or other benefits for the year ended 31 March 2024 nor for Ihe Ye ended 31 March 2023. Trustees, expenses There were no 31 March 2023. trustees, expenses paid for the year ended 31 March2024 nor for the year ¢nd¢d STAFF COSTS The average monthly number of ¢mployees during the year was as follows.. 2024 2023 Management and administration No employees received emoluments in ¢x¢e55 of £60.000. Page 10 continued...
The New Ash ate Galler , Trust Limited Notes to the Financi21 Statements- eontinued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestrieted funds Restrcted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 21.091 8.000 29,091 Charitsble activities Gallery activities 97,530 97,530 Investment income 548 548 Total 119.169 127,169 EXPENDTfuRE ON Charltable 4Ctivitieg Gallery activities 1?5.605 16.917 14? 58? NET JNCOMEI(EXPENDITURE) (6.4961 {8.917) (15,413) RECONCILIATION OF FUNDS Total fvnds brought forward 210,497 11,266 221.763 TOTAL FUNDS CARRIED FORWARD 204.001 ?06.350 TANGIBLE FIXED ASSETS Leasehold building in)proY¢m¢nts Fixtures Computer equipment fittings Totals COST At l April 2023 Additions 236,529 11,974 242 984 249,487 242 At 31 March 2024 2)6 529 12 984 249 729 DEPRECIATION At l April 2023 Charge for year 180,920 9,268 6,954 203 195 188,077 10,773 At 31 March 2024 190,188 8,264 398 198,850 NET BOOK VALUE At 31 March 2024 46,341 3,952 586 50.879 Ai 31 March 2023 55,609 5.020 781 61,410 Page 11 continued...
The New Ash te Galltr Trust Llmlted Nots8 to the Financi*l Statsments- continued for the Ytar Ended 31 Mareh 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Tax Prepayments 642 1,369 777 722 924 1,566 2,868 CREDITORS: AMOUNTS FALLING DUE THIr4 ONE YEAR 2024 2023 Trade ¢T¢dtiors Social security and other taxes VAT Other creditors Accrued expenses 9,934 685 2,852 806 4,452 11.339 1,881 1,490 18.729 20,221 io. LEASING AGREEMENTS Minimum lease payments under non-caneellabl¢ operating leases fall due follows.. 2024 2023 Within one year Berween one and five years In more than five years 8,289 31.084 8289 33,150 39,373 47,662 ii. MOVELtrIENT IN FUNDS Net movetnent in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 204,001 (15337) 188.764 Restricted funds Billmeir Rising Stars 2023 Billmeir Rising Stars 2024 Farnham Town Council- Craft Town England Farnham Institute Charity 2023 Farnham Round Table 2023 Radeliffe Trust 1,073 {1,073) 1.217 1217 776 500 776 188 500 ,944 (312) 500 2.349 2,276 4,625 TOTAL FUNDS 206.350 193,389 Page 12 continued...
The New Ash ate Galle Trust Limited Notes to the Finaneial Ststemertts- eontinued for the Year Ended 31 Mareh 2024 MOVEMENT IN FUNDS- eontlnued Net movement in funds. included in the above are as follows: Incoming resources Resources expended MoveTTtellt in ndS Unrestricted funds General fund 119,171 (134.408) (15,237) Restricted funds Billmeir liising Stars 2023 Billmeir Rising Stars 2024 Farnham Town Council ComTnunity Grdnt South Street Trust 2023 Ei'ica Leonard Trust Farnham Inslitute Charity 2023 Farnham Round Table 2023 Radcliffe Trust (1.073) (3,783) {i.000) (2.000) 1500) (312) (1,073) 1,217 5,000 1,000 2,000 500 1312) 500 1,944 500 4,000 12,0561 13,000 110,7241 2,276 TOTAL FUNDS 132,171 145.13?} (12,961) Comp8rAtlves for movement In funds Net move.me.nt in ndS At 3 1.3.23 At 1.4.22 iJnTestrieted fund$ Genernl fund 210,497 (6,496) 204,001 Restricted funds Baines SAOY 2021 Billneir Rising Stars 2022 Bil]meir Rising Stars 2023 Famham Town Council - Craft Town England Famham Institute Charity 2023 9.427 1,063 (9.427) (1.063) 1.073 1.073 776 776 500 500 11,266 (8.917} 2,349 TOTAL FUNDS 221,763 15,413) 206,350 Page 13 continued...
The New Ash ate Galle Trust LÉiiiited r4otes to the Financial Statements- continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- eontinued Compar*ive net movement in funds, included in the above ar¢ as follow5.. Ineoming resollrces Resources expended Movement in fvnds Unrestricted funds General fLd 119,169 {125,665) 16,496) Restrieted funds Baines SAOY 2021 Billmeir Rising Ststs 2022 Billmeir Rising Stars 2023 Farnham Town Council 2022 South Street Trust 2022 Farnham Jnstitute Charity 2023 (9.427) (1,063) (3,927) I 1,000) 11,500) {9,427) {1,063) 1,073 5,000 1,000 1,500 500 500 8,000 16 917) TOTAL FUNDS 127,169 142,582) 15,413} 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Mah 2024. Page 14