Chorlty rnglstration number 303032 {England and Wales) PETTS WOOD WAR MEMORIAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
PETTS WOOD WAR MEMORIAL TRUST LEGALAND ADMINISTRATIVE INFORMATION Tru81••8 Mr A Stotesbury Ms S M Radford Mr B Colenbrand8r r C Jones Ms L K Patel Mr M Ricketts Charlty r•glstration England ond W9188 303032 Prlnclpal address 200 Petts Wood Road Petts Wood Orplnglon Kent 8RS 1LA Indop•nd•nt •xamlner Louis8 Hallsworth FCA Afflnla {Orplnglonl Chartered Accountan18 Lynwood House, Crofton Road Orplngton BR6 8QE
PETTS WOOD WAR MEMORIAL TRUST CONTENTS Tru3te88' rnp)rt Indgpendènl examSnerfs report Stalemenl of flnandal actlvitles 881anc9 6heel Note8 to the flnanclal slalemgnts 6-13
PETTS WOOD WAR MEMORIAL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Thè trustees present their annual report ond fin8ndal statements for the year gnded 31 Docomber 2024. The finaneial slalemenls have been prepared in 0rdan with the accounting polic*es sel out in note 1 to the rinancial slalemenls 8nd comply with the charrtys goveming documènt, the Charities Act 2011, FRS 102 "The Financial Reporting Stsnd8rd applicable in the UK Bnd Republic of Ireland. and lh& Chorilies SORP 'AccountSng and Reportlll9 by CharS1ies.' S181emenl of Recommended Practice appllcable lo ch8ri1ies preparing Ihelr accounts in 8ccordancè wllh the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Obl•ctlv•8 and aetlvities The Petts Wood War Memorial Trust Ss o charity whose objects are lo provid8 and maintain a garden of r8membrance and a community centre. The charlty owns and malnlalns a hall and gardens In Petts Wood, provldlng 8 venuo for communlty èvents, regular 8¢llvSlle8 and prlv8le functlons. Thè communlty halls and gardens provlde a valuobla r8cr8#llon81 and educatlonal re80vrce to the loGal communlty. Publlc benefrf The Iruslees have p8ld du8 regard to guldance issued by the Charty Comm188lon In decidlng what octlvlt588 the charity should undertake. Achlov•m•nt8 and p•rtormance SignNlicent activities end achlevemenls ag81nst obJ8cllves Th8 charlly r8corded nel expenditure of £ 5.491 12023.. £111,120), with a galnlllos81 on investment 0$3gts of £3,837 12023: £6851 resulting in an overall $urpluslldgfiGill of £11,654) {2023'. £110,435}. The truste08 conslder the charity's period gnd flnanclal p08ilion and the results above lo bo 5alisfaclory. Flnanclal rovlgw The charlty's prlncSpal sources of funds ar9 hlre of the h811 and fundraislng. Th¢ charity has a dlver$ifie(l inveslmgnl portfolio with a low overall rlsk. Investments are held as a means of earning r&venuo on surplus funds until they are required and as a reserve agalnsl any future shortfall Sn income lo ensur8 Ihal the chorily can ¢onUnuo to meet Its obje¢lives. Resems poIY The Iru$lg9s h8ve adoplod a re¥erv05 poIIGy whl¢h they Consider Épprepri8t6 10 8nsur8 th8 conunued abllity of tho chority to meet its objectives and obligBlions. Sufficienl funds are held lo lund al lea81 slx months charilablo expendiluro and lo improve facilities al the hall and gardens. The Iruslees h8ve overa11 fesponsibllily for ensurlng that the Charfly has an approprfate system of conlrels. fin8ncSal and otherwise. They are a150 responslble for safeguarding the assets of the charity and hence for taking r8asonabl8 $1gp$ for the prevonlion and doleGtion of fraud and olhgr irr9gulariti9s and lo Provide reassurance Ihal.. ils assets are safeguarded against unauthorised use or disposition proper records are maintained end financial information is reliable the charity complies with relevant laws and gUlationS AS part of the charity's risk m8nagement process the Iruslees acknowledge their responsibility for the charity's System of Inlemal control and reviewing its effectiveness. It is also recognised by the tnjstees that such a system is deslgned lo manage rather than eliminate the risk of failure to Bchieve the charity's obffjeclives and can only provide reasonable, not abso5ule, assurance against material misstatement or loss.
pEs WOOD WAR MEMORIAL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure. govemance and managernént Th8 charity was formed by trust d86d dated 31 July 1950. The govaming body of the charfty Is th8 manag8m8nt commlttee which meets once a month. Subjgct to th8 trust deed, trustees may bg alected by subscribers al an Annual General Meeting and a150 COwOPted by the management committee. tnJst888 who served ¢*wing th8 ye8r up to the dale of 60gnature of the financlal statements were.. MrA StotÉsbury Ms S M Railford Mr B Colenbrander Mr C Jon8S Ms L K Patel Mr M Rid(ett8 RecnHtm8nl 8nd 8ppolntment of trustsps Tru8le88 are recruited on the basls of the nead8 of the org8nlsallon tsklng Intr) account exlsling 8xp8rfenc8 of the Tru8teeB. Org8nls8tional structu Chalr ofTnJste88". Andrew Stotesbury Vlce Chalr-. Mlko Rlck6tts Secretary.. Susan Radford Treasurer.. vacant Hall Manager. El8ine[Byrne Bookkeeper and Payroll.. Emily Cook- Fwmian Keabla, 4A Falrway. P8tt8Wood, BRS 1EG. Th was approved by the Board of Tiustees. rA Stolesbury Trust0
PETTS WOOD WAR MEMORIAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PErrs WOOD WAR MEMORIAL TRUST report to th& trustees on my examinatlon of the financSal statefflenls of Pell$ Wood War Memorial Trust Ilhe charity) for the year ended 31 December 2024. Responslbiliti•s and b15 of roport As the trustees of the charlty you are responslble for th9 preparallon of the financial ststements 8ccordanc¢ wrth the rèqulremants of the Charities Act 2011. report in respect of my examination of the charity'3 flnanaal slalemenls carried out under sgclion 14S of the Charities Act 2011. In carrylng out my examination I have followed Ihe Dirgctsons glven by the Charity Commission under section 145151{bl of the Charilles Act 2011. Indopendont oxamln•rfs statomènt Your attentlon 1$ drawn lo the fact that tha charlty has prepare(i Ihe flnan¢ial slalemenls In accordance with the relevanl verslon of the Slalemenl of Recommended PraclSce applicable to chadlles preporing thelr financial slalemonts in accordance wllh the Financial Reporting Standard appIlbIg in the UK and Republlc of Ireland IFRS 1021 in prelérence lo the Accounting an(J Reporting by Ch8rf1I8s'. Slalemant of Recornmendad Practice issued on 1 April 2005 which is referred lo In the oxlanl regulations bul ha8 now boon withdrawn. l understand that thls has bean done In order lor the flnancSal slalgmenls to provlde a trug and lair vlèw In accordance wlth UK Genor8lly A¢ceplgd Accounting Practlce. I hève compl8letJ my gxamin8llon. I conflm Ihot no matters have come lo my attenllon In connection with the examlnalion glvlng m8 caus8 lo bellève that In any malorial respect.. accounting records wer& not kept In respeGt of the charlly 88 requlred by sectlon 130 of the Charflies Act 2011. Ihg financial slalemenls do not accord with those records., or the flnanclal slatemonts do not comply with th8 applicable rgqulremenls concerning the forrn and eonlent of flnancSal slalfrments Sot out in the Charilles (AOunt$ and Report51 Regu181ions 2008 other Ih8n any quiremfrnl that the financial statements glve 8 Irug and f8lr vlew, whlch Is not a matter consldèred a8 Part of an Independent examinab'on. I have no concems and have come across no other mallers in connection with the examination lo whlch 011gnlion should bè drawn in Ihls report in order to enable a proper understanding of the financial Slalemenls to be roached. Louis• Hallsworth FCA ANini8 Iorpinglonl Chart8r8d Accountants Lynwood House, Crofton Road Orpington BR6 6QE 28 AE.ril 2026
PETTS WOOD WAR MEMORIAL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•slrlct•d Unrostrlctgd funds funds 2024 2023 Noto8 Income from: Donations and legacies Charltabla activltles other tradlng actSvllle8 Inveslmanls 3,400 68.841 11.675 12,300 950 55,705 11,400 10.109 Totsl In¢omo 96.216 78,164 Exp•ndltur• on.. Charf18bl8 advllle8 101,707 89,284 Totsl •xp•ndltur• 101.707 89.284 N81 galnslllo8se81 on Investments 12 3.837 685 N•t •xp•ndltur• and movom•nt In fund• 11,654} 110,4351 Roconclllatlon of funds: Fund balances at 1 January 2024 786.455 796,890 Fund bal•n¢•8 at 310ecemb•r 2024 784.801 786,455 The statement of flnanclal ocllvllles Indudes all oalns and losse$ r6cognised in the year. Inwme and exp&nditurg deriv8 from cenllnulng activi118S.
PErrs WOOD WAR MEMORIAL TRUST BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Notss Flxod a38ets Tangible assets Invostments 14 15 128.620 136.934 132.526 131.056 Curr•nt Debtors Inv88knents Cash at bank and In hand 265,554 263,582 17 18 7,062 445,906 71,231 5.383 438,650 84,174 524.199 Crodltorn." amounts falllng due withln on• y•ar 528.207 19 14.952) (5,334) N•t curr•nt a••et• 519,247 522,873 Total a8sots 1081 ¢urr•nt Il•bllltlo• 784,801 786,455 Th• fund8 of the charlty Unr&strlcted ftJnd8 21 784,801 786,455 784.801 786.455 Thg Iln nts ed by tha trustee5 on .. Mr A Stole8bury TruBt•g
PEThS WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng policles Charlty Infomiatlon Petts Wood War Memorfal Trust is a publlc benefit gntity and a regislergd charity in England and Wales and is unincorpor818d. The address of the prfnclpal office is 200 Petls Wood Road, Petts Wood, Orpington BR5 1LA. 1.1 Basls ¢f prèparatlon The flnan¢ial slalements have been prepared in accordance wfth the charity's govemlng document, the Charities Act 2011, FRS 102 'The Financial R8pr>rting Slandard appllcable in the UK and Republlc of Ireland" and the Charitles SORP 'A¢¢ounllng and Reporting by Charlll88'. Statement of Recommended Practice applicable to ch8rlties preparlng thelr accounts In accordance wllh tho FSnancial R8porting Standard applicoblo in the UK 8nd Republic of Ireland IFRS 1021.. The charlty is o Public Benefit Entity as deflned by FRS 102. The charity has t8ken advantage of the provlslons In tho SORP for charllles not lo prepare o $tat8menl of cash flows. The fln8nciBI statements have dgpartod from the Charlligs IAcGoun15 and Reportsl Regulallons 2008 only lo the &xlgnl rgquired lo provlde a tru& and lalr vl8w. This departurè h88 Involvgd followlng the Slalemgnl of Recornmend8d Practlce for charities applylng FRS 102 rather than the v8rslon of the Slalemenl ol Recommended Prac¢8 whlch18 reforr8d to In the Regulatlon8 bul whlch has slncg been withdrawn. The financlal slalomonts are preparod In starling, whlch 18 the funGlional currency of th9 Ghadty, Mongtary amoun18 Ih8s8 financlal $ts18menls are rounded to the nearest £. The flnanc181 slalemgnts hdvo been prepared undgr the hlstorlcal co81 conv8nlion. The pdncip81 occoundng [lICleS adopted arg sel out b81ow. 1.2 Golng conc•rn Al the lima of approvlng th9 flnanclal slal8m8nls, th9 Iruslees have a reasonable exp8clafjon th81 the charity has adequate resourcgs to continu8 in operational exlstence lor the forgseeable future. Thu8 tha truste0$ onlinue lo adopt the golng Goncarn basls of 8ccounllng In preparlng the financlal slalements. 1.3 Charltabl• lund• Unrestri¢lgd funds are 8V8ilable for u$0 at the dlgcrelion of thg trustees In furtherance of theSr Gharit8ble objgclives. Reslrfcted funds are subleot 10 5p8cific conditions by donors or grantors as lo how they may bg used. The purposes and uses ol the r95trlotod funds are set out In the nolgs to the financial 51atemenls. Endowment funds are Subjecl lo Specrflc conditions by donors that the capital musl be mainlalned by the ¢h8rity. 1.4 Incom Income is recognlsed wh8n th8 charfty Is legally enlllled to It after any perfomancg condluons have been mgt, the amounts can be measured reliably. and it is probable that income wlll b8 r8cèiv8d. Cash donatSons ara recognised on receipt. Other donations are recognised once tho charity has been nolified of tho donation, unless performance conditions require deferral of tho amount. Income lax recoverable In relation to donations received under GrftAid or deeds of covenant Is recognised at the lime of th6 donation. Legades ar8 recognlsed on rec&ipl or otherwlse if the charity has been notified of an impendlng distributS0n, the amount Is known, and rgcglpl Ss exp9ed. If the amount is not known, the legacy Is treatad as a nftgent 8$s8t.
PETTS WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcle8 IC¢ntlnued} 1.5 Expèndltur• Expenditure 18 reeognised once there 18 8 legal or constru¢llvg obligallon to transfer econornic benefil lo thSrd party. il Is probable that a transfer of 8conomSc b8n9fits will be requlred in setuement, and the amount of the obligation can bo measur9d reliably. Expenditure is classified by adivity. The eosls of each activity are made up of thg total of dlrecl costs and shared costs, includlng sUPPOrt costs involved in undertaking gach activity. Dlrect costs allribulable to a single activity are allocated dlfeclly lo that activity. Shared costs which contribute lo more than one acb'vity and support costs which aro not attributable lo a single activity are apportion8d been those acllvilies on a b8sIs consislenl with the uso of resources. Central staff costs are allocated on the basls of tlme spent. Ind deprgciation ¢haro6s are gllocated on the ports'on of the 0$$91's U8è. 1.0 Tanglble flx•d ass•t• Tangibl8 fixed ass8ts are Inlll81ty measured al cost and 8ubsequenlly m8asLsr8d al cost or valuallon, nel of depreclaUon and any Impalrmenl losses. D8precSatSon Is recognlsed so 85 to wrlle off the wsl or valuatson of asset$1o88 their residual values over their U5elul lives on the following bases.. Freghold land and bulldSng8 Plant and equlpmenl 2% And IO% ¢)n a slrolghl Ilne b8818 10% on a slralght line bas18 The gain or Ioss arSsSng on the d15posal of 8n ass81 is del¢rmined as the dwference befvleen th8 Sale proceods and the carrying value ol Ihg asset, and Is recognlged In the slatem8nl ol fin8nclal activllSe8. 1.7 Flxed a88Ot Invo$tm•nt# Fixèd asset Investments are Inlllally meagur8d al Ir8nsadon prfce gxdudlng Iran8acllon costs. and are subsequonlly measurèd 8t falr valu8 8t each reportlng date. Changes In falr valuo are recognSsed in n81 incomellexpendibjrel for th8 year. Transactlon costs are expensed as Incurr8d. 1.8 Impalrmont of fixed a8••t• Al each reportlng end dalg, the ch8r(ty revSew8 the carryfjng amounts of Ils langlble assets to delermlne whether there Is any indicalion that those assets hBve suffered an impaimenl loss. If any such indlcatlon exlsls, the recoverablg amount of the 8ssel Is e¥lim8led in order to determine the extent of the impaiiment loss Ilf anyl. 1.9 C•sh and cash equlvalents Cash and cash equivalgnls include cBsh in hand. deposlls held al call wllh bonks. other short-term liquSd investments wllh origSn81 maturities of three months or le88, and bank ovgrdrafts. BÉnk 0rdraft$ are shown within boirowings In current liabilltS8s. 1,1Q Flnanclal Instruments The charlly has elecied lo apply the provisions of Section 11 'Bagic Flnanci81 Instrumonl$' and Section 12 'Oth8r Financial Instruments l$sue$' ol FRS 102 to all of ils financial instruments. Ba$1¢ flnanclal assets Basic financial assèt3. whr¢h Indud6 debtors and cash and bank balances. are initially measured al transaction price including Ir8ns8clion costs 8nd are subsequenlly ¢arried at amortised cost using the effective interest method unless the arrangement constitutgs a financing transaction. where the Iransacli¢)n is measured at the present Value of the future receipts discounted al a market rate of interest. Finan031 assets classified as receivable within one year are not amortised.
PETTS WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢le¥ IContlnu•dl 8aslc flnanclal Ilabllttle$ Basic financial liabilities. Indudlng creditors and bank loans are Initially rg¢ognis6d al transaction price unless the arrangement con8tilule8 8 financing Iransaclion, wh8re the debt inslrument is m&asured al the pr8senl value ol tho fvlure paymènts dlscounled al a market rate of interest. Financial Ilabililies classlfied a5 payable wllhin ong y8ar are not amortisod. Trade creditors are obllgalions to pay for goods or servlces that hove boen acquired in th8 ordinary courso of operations from 8uppllers. Amounts payable are classSfled as current liabililios if payment is due within one year or less. 1.11 Employ•• ne*fItS The cost of any unused holld8y enlillem8nl is reeognlsgd in th8 period In whlch the employee's servlces are rec¢iv¢d. Termlnallon beneflt8 8re recognSsed Immedlalely as an expense when Ihe charity is demonytrably committed lo termSnote Ihg employment of an employee or to providg leiminotion bènefits. 1.12 R•tlr•m•nl b•n•flt• Payments lo doflned contribution rellr&menl b8nefil sch8m88 are charged as an expense a8 they fall duè. CrStlcal ac¢ountlng o$tlmat•fy •nd ludg•m•nts In the appllcallon of the ch8rfty's accounllng pollcles, th6 trustees aro requlred lo make judgefnen15, estimates and assurnplSons about the carylng amount of assets 8nd liabilities that are nol readily apparent from other sources. The esllfflal88 and associated assumptions 8re bosed on hi51orfeal 8xperlenc¥ and olhèr f8ctors that are considered lo be relevant. Actual r85ullg may dlffer from these eslimale8. The eslim8t88 and undorfylng assumptions ar8 revlewed on an ongolng basss. Revisions to accounting èsllmales are recognised in the period in which the gstsmalg is revised where the rovislon affects Dnly that perlod, or Sn the period of the revlsion and future perfods whero thè rèvlslon affects both Gurrenl and future periods. Income from donatlons ¥nd l•gA¢lo• Unr••trlct•d Unro•trlcl•d funds funds 2024 2023 DonatSon8 and glfts 3.400 950 Income from ch•rltsblo •ctlvltl•8 Unrestricted Unrestricted funds funds 2024 2023 Charitable income Room hirg and latting fees 68,841 55,705
PETTS WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• from other trndlng actlvltles Unr•strlcted Unr•strl¢ted lund$ funds 2024 2023 Rental income 11.675 11.400 In¢ome from Inv•stm•Tht• Unreitrlctsd Unrn•trlct•d funds funds 2024 2023 Inwme from lisled Investmgnls Interest recelvable 7,984 4,316 9.043 1,066 12,300 10.109 Expondltur• on ch•rlt•bl• actlvltl•• Ch•rltsblo Ch•rit•bl• •xp•ndltur• •xp•ndltur• 2024 2023 Dlr•ct co•t• staff co818 Depreciation and Smpolrmenl Admln 8ervlcgS 8tsff coslB Rats¥ Power, light and heal Repalrs, maint8nanc6 and refurbishments Telephone and inlernel General costs 8nd11cgns In8uran¢8s 24,948 5.197 33,311 3,030 4,477 10.398 622 7,956 7,414 22,934 5,095 27.413 1.222 6.214 8,207 624 5.322 5,926 97.353 82,957 Share of support and govemanrA costs15 not• 8) Govemance 4.354 6.327 101,707 69.284 Analysls by fund Unre8tricled fund8 101,707 89,284
PErrs WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocat to athltl•s Charitable oxpendlture 2024 Total 2023 Goveman¢o 4,354 6.327 2024 2023 Gov•rn•n¢• GO8t8 ¢omprl8•: Accountancy 4,354 6,327 4,354 6,327 Net movement In fund¥ 2024 2023 The net movement In fund8 Is slated aft8r charglngl{ciedlUngl'. Fèes payable for the Indopendent examinallon of the charl15 financlal slalemenls DeprecS8tlon of ownad tangiblè Ilxed assets 3.380 5,197 3.000 5.095 10 Tru•t••* None of thè Iru81eès lor any per80n¥ conngcled wllh them) recelvtsd any remuneratlon or ben&fiis from the charlty durlng the year. 11 Employ•o1 Tho 8v&rage monthly numbèr of employees durlng the year wa¥= 2024 Numb•r 2023 Nurnb•r Employm•nt coltg 2024 2023 Wages and salaries Other penslon costs 24.762 186 22,701 233 24.948 22.934 There were no employees whose annual remuneration was more than £60.000. 10-
PErrs WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 EMploe$ Contlnuedl 12 Gains and I*0$ on Inv•Atm•nts Unr•strlctsd Unr•8trictod funds funds 2024 2023 GaSnslllossesl arlsing on.. Revalualbon of Inve6tmenls 3.837 885 13 Taxatlon The charity is exempl Irom tsxallon on It¥ 8Ctlvifjg$ because all It8 Incomo Is aPpld for charllable purposes. 14 T•nglbl• Ilxod •88ot• Fr••hold land 4nd bulldlng• Pl¥nt and •qulpm•nt rot•l Cost Al 1 J8nu8ry 2024 Addlllons 184.828 15.002 1,291 199.830 1.291 At 310ecember 2024 184,828 16.293 201,121 D•pr•clatlon and Imp•lrnwnt At 1 Jonuary 2024 D&preclatlon charg8d In the ygor 53,850 3,697 13,454 1,500 67,304 S,197 At 31 December 2024 57,547 14,954 72,501 Carrylng •mount Al 31 December 2024 127,281 1.339 128,620 At 31 D8c8mb8r 2023 130,978 1,548 132,526
PETTS WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 15 Flxed asset investments Lljtsd Inve$tmBnts C¢st Of valuatlon Al 1 January 2024 Valuallon changes 131.056 5,878 At 31 D8cemb8r 2024 136,934 Carylng amount Al 31 December 2024 138,934 Al 31 December 2023 131,056 18 Flnanclll In•trum•nts 2024 2023 Carrying amount of tlnAn¢lal a¥3ets Instruments mgasuigd al foir valu8 through profrt or loss 445.906 438,650 17 0•btor• 2024 2023 Amounts fllllng du• wlthln on• y•ar: Other dgblor¥ Prepayments and accrued Income 3,679 3,383 188 5,195 7.062 5.383 18 Currnnt ass•t In¥e•tments 2024 2023 Unllsled Investments 445,906 438.650 19 Cr•dltorn: amount8 falllng du• wlthln on• yoar 2024 2023 Other credSlors Accruals and deferied income 254 4,698 2.136 3.198 4,952 5,334 12-
PErrs WOOD WAR MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Retlrem•nt banefft 5ch•me3 2024 2023 0ofln•d Contrlbutlon sch•m•8 Charge lo profll or loss In respeol of defined contrlbullon scheme8 186 233 The charoty operates a defined contribution penslon Bcheme for all qualifylng employges. The 8888ls of the 8ch&me 8re held separately from those of thg charity in an Ind8pondenUy admlnisl8r8d fund. 21 Unr•strlct•d funds The unrestricted funds of the charfty comprlse the unexpended balanGe8 of donAtlons and grants whlch are not subject lo speclfic Gondltlons by donors and grantors as lo how they may be us8d. Thesa Includ& doslgnated funds whlch have been sel aslde out of unreslrfcled funds by tho Iru$lees for speclflc purposes. At 1 J•nu•ry 2024 Incomlng r•¥ource• ReBourc•s •xponded Galns •nd 108898 At31 D•combor 2024 General funds 786.455 98,216 1101,707} 3,837 784.801 Pr•vlous yoar: At 1 January 2023 Incomlng r•iourc Roiourcas •xp•nd•d Galn$ and At31 Decomb•r 2023 Gengral funds 796,890 78,164 189.284) 685 786.455 13-