Charity Number: 508340 ## Water Adventure Centre Report and financial statements For the year ended 31[st] March 2024 Water Adventure Centre ## Reference and administrative information ## for the year ended 31 March 2024 The Exec presents its report and financial statements for the year ended 31[st] March 2024. ## **Reference and Administrative Information** Charity name Water Adventure Centre Charity Registration Number 508340 Principal Office The Old Boathouse Fairfield Locks Off Maddison Road Droylsden Manchester M43 6ES ## **Executive Committee** Allan Donoghue **Chair** Suzanne Vincent **Deputy Chair** Elizabeth Quartey **Treasurer** John Byrne **Secretary** Diane King **Trustee** Dave Naraynsingh **Trustee** ## **Principal staff** Pauline Venus Director Mike McGuinn Youth and Play Worker Ben Evans Youth and Play Worker (left 31/08/2023) Bridget Halliday Youth and Play Worker Steph McDonagh Youth and Play Worker ## **Independent Examiner** ## **Bankers** Jennifer Daniel FCCA DChA National Westminster Bank plc Slade & Cooper Limited Ashton-under-Lyne (A) Branch Beehive Lofts Warrington Street Beehive Mill Ashton-under-Lyne Jersey Street Lancashire Manchester OL6 6JL M4 6JG 1 Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 The trustees present their report and the unaudited financial statements for the year ended 31/03/2024. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity’s constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## **Objectives and activities** The Charity’s Objects (“the objects”) are. - a) To maintain and develop a water-based adventure play and youth centre at Fairfield Locks on the Ashton Canal at Droylsden, Manchester, or at other urban sites which the Exec may from time to time determine. - b) To offer at the above sites, and at other sites such as the Exec may from time to time determine, a variety of water activities and water-related activities to individual children and young people, mainly, but not exclusively, from the Droylsden and Higher Openshaw areas, and to groups of children and young people from adventure playgrounds, youth groups, play schemes and educational institutions mainly, but not exclusively, from the Greater Manchester area - c) Within the general context of b) to concentrate particular attention on the needs of disadvantaged children and young people, who would normally not have the opportunity to participate in such activities. - d) Through the activities referred to in b) above, to pursue the following general aims: i) Through adventure play, expeditions, and holidays, mainly centred on boats but also using a range of craft including Stand Up Paddleboards (SUP’s), to enable children and young people to enjoy themselves and to develop their powers of expression, imagination, communication and emotional learning. - ii) Through the development of children and young people’s boat handling and craft skills to stimulate physical and mental confidence and movement leading to the development of further practical skills, and the ways of understanding which relate to them. - iii) Through their involvement in a variety of water environments, to increase children’s and young people’s intellectual and emotional awareness of their environment, or rural and wilderness - settings, of industrial, social and economic history, and of the complex relationship between industrialism, human beings and the rest of nature. - e) To sponsor, as the Exec may from time to time determine, such other projects that include within their purposes the furtherance of any or all the general aims referred to in d) above. - f) To offer, as the Exec may from time to time determine, training in water activities to adults either for the purposes of training to work with young people or for general educational purposes. 2 Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 To engage, at the discretion of the Exec, in several campaigns and social action projects, to serve the needs of educational institutions, youth groups and disadvantaged groups within the community, any profits deriving from this activity to be applied solely towards the promotion of the purposes laid out in this Constitution. ## **Aims and Objectives** To achieve the objectives above by working with children and young people who are most disadvantaged in our communities by combining youth and play work with canoeing in WAC’s unique way. All this work is for the benefit of the public. The following review of Achievement and Performance summarises WAC’s work in 2023-2024. ## **Strategies** To obtain grants, contracts, and donations to enable WAC’s aims and objectives to be met within a context that takes risk and the wider physical, social, environmental and economic issues into account. ## **Use of volunteers** WAC encourages volunteering by both adults and young people from our own youth clubs, see below for more details. Volunteers are DBS checked (Disclosure and Barring Service) and are supported to gain valuable experience that often leads to paid employment or further education. ## **Public Benefit** In developing the objectives and strategy, the Board of Trustees have paid due regard to the Charity Commission guidance on Public Benefit. The Trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. 3 Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 ## **Achievements and performance** The charity's main activities and who it tries to help are described below. All its charitable activities focus on working with children, young people, and vulnerable adults across GM, and are undertaken to further Water Adventure Centre charitable purposes for the public benefit. ## **Achievements and Performance** This year our face-to-face delivery has prioritised supporting young people around their mental health, impacted by the periods of social isolation they experienced during Covid times; and encouraged them to become more active. We continued to work worked in partnership with the East Manchester Youth and Play Partnership, and where we have capacity, we support community festivals, and deliver family fun days. We continued to deliver our water play and youth offer to groups who come to WAC from across Greater Manchester, and supported the Holiday Activity Fund (HAF), by providing an alternative activity offer with eligible partners, supporting children and young people on free school meals. We are now in our 47th year of innovative and creative work with children and young people. Our major achievement has been simply to continue to be creative in providing quality youth work, play and canoeing provision in this extremely challenging economic climate. Essential to achieving this has been partnership working with a variety of organisations like the East Manchester Youth and Play Partnership, Manchester City Council and the HAF programme, N- Gagement+ Partnership, Troydale Tenants and Residents Association, the South Manchester Youth Network, Barlow Moor Community Association, Tameside Youth Service, Action Together (formerly Community and Voluntary Action Tameside - CVAT), and the Tameside Youth Practitioners Partnership. ## **Canoeing Groups** Our Greater Manchester group work on the water this year has been extremely busy with new contacts, and groups that have attended WAC for many years. Groups have been keen to return to WAC for the unique kayaking and water play experience we offer. We have had an increase in groups with additional needs, and we have been asked to provide additional staffing to support non-swimmers, who may have also missed out on learning to swim during the first Covid years. We have delivered some additional work with Manchester SEND young people. There has also been increased demand from individuals and groups who are home educated. ## **WAC'S Youth Clubs** **Sunday Funday** offers targeted play and youth work for children aged 8-13 years, with water play and kayaking the focus. Boys and girls attended mainly from the local areas of Manchester and Tameside, often requiring parental support around travel. We have resumed the canoeing and water play for most of the year, but we also engaged young people in several creative projects. A highlight is always the celebration of National Tree Dressing Day, and we have continued to encourage young people to get involved in canal clean ups, litter picking, and environmental projects. **Thursday Youth Club** is open to all aged 12-19 from Greater Manchester, and is mainly attended by young people from Droylsden, the priority age range is young people aged 12-16 years from Tameside and East Manchester. It is a place ‘just to be’ with friends, and the yearround programme offers canoeing, discussion, arts projects, and essential youth work support. 4 ## Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 This year the popularity of the club has continued to grow, by invitation to the older Sunday Funday and Young Women’s Evening members, for a new outdoor offer! The advantage of this has meant that there already a ‘buy in’ from young people as they are existing members; with some new members joining via friendship networks. The Stand Up Paddleboards are always really popular, with young people organising their own team games and challenges. **Girls’ and Young Women’s Evening** provides a safe space for young women aged 8-19 to explore issues that affect their lives, we run two sessions back-to-back for young women aged 8-12 years, then for young women aged 13-19 years. Like our other youth and play clubs we had to develop a new way of connecting with girls and young women and initially needed to deliver leaflets locally and some door knocking. The girls and young women’s work is going from strength to strength, with a lot of interest in kayaking and water play, in particular the popularity of the Stand-Up Paddleboards. **Pure Adventure,** based at Chorlton Water Park in Manchester, mainly attracts young people from the Mersey Bank estate and Wythenshawe. We deliver 2 sessions each week back-to-back, the Junior sessions are for children and young people aged 8-12 years, and the Senior sessions are for young people aged 13-19 years. The water park continues to be busy with families and people of all ages attending the play areas, walking, jogging and cycling which means we pick up new members each week who are ‘passing by’. We publicise our offer via the City Council’s ‘All Sorts to Do’ programme, and support the South Manchester Network and HAF schemes, as well as partners like Barlow Moor Community Association, who work primarily with young people from the Barlow Moor Estate. The sessions on the water remain busy, especially the junior sessions, although there is also a core group of senior young people who attend regularly, including a cluster of young people who are home educated. The SUP’s remain popular! **Active Adventure** is located beside the Rochdale canal on the Troydale Estate in Newton Heath Manchester. There are 2 sessions that we deliver back-to-back on Tuesdays, the Junior session is for young people aged 8-12 years, and the Senior session is for young people aged 13-19 years. Our delivery is a water-based youth and play offer with some dry land games and a bean bag ‘chill out area’. The junior session remains busy with a regular group of home educated young people, and the senior session has a core group of SEND young people. As young people get older, the juniors become the seniors so will recruit itself more organically. We have continued the partnership work with Canal and River Trust, supporting canal clean ups and litter picking. **Play Clayton** provides play activities to children from Clayton, Manchester. This year we have delivered our sessions from the Beacon Centre, a local community centre. Children aged 8 to 13 enjoy and learn from creative, adventurous play. We delivered some bespoke sessions at the Beacon Centre, both indoors and outdoors, and we have encouraged young people to attend our youth and play sessions at WAC, which are only a short walk or tram ride away. Young people have become regular attenders on Thursday nights and Sundays. **Greater Manchester Youth Combined Authority (GMYCA)** is a youth engagement project we have been involved with for the last seven years. In 2017 WAC applied to be part of the project and we were successful – we now have 2 young people who are part of the GM wide youth voice representing the voluntary sector. This is a wonderful achievement for WAC, for our Youth Voice and also to raise WAC’s profile in Greater Manchester! 5 Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 It’s an important and influential role, advising the Mayor of Greater Manchester Andy Burnham on key youth issues and concerns, providing solutions and a critical voice, scrutinising the work of the Mayor and GMCA and undertaking specific pieces of work such as developing the Opportunity Pass ‘Our Pass’, the Curriculum for Life, and environmental issues like Climate Change. We have continued to work closely with Tameside Youth Council and have a mutually beneficial partnership relationship. ## **Support work for Partnerships based at WAC and GM locations** We had a busy season on the canal throughout 2023 with several GM bookings from Easter, continuing during the summer months. These were some of our regular groups, plus some new groups who got in touch. We supported local and national partnerships via festivals and community events throughout the Spring and Summer, plus various HAF schemes mainly in Manchester and Tameside. We have been involved in the development of the South Manchester Network, and the newly formed Manchester Outdoor Education Trust (MOET), which is committed to support and develop adventurous outdoor activities for Manchester’s children and young people. We continue to work closely with the Canal and River Trust, supporting community events and generally raising environmental awareness around climate change and engagement in youth social action. ## **Tameside Early Help and Early Intervention** This year and we have continued to support several virtual networking events and Learning Circles to help to coordinate the support offer of activities for children, young people and families. We have also worked closely with Action Together, Tameside Council and Tameside Youth Service through a youth social action programme and the promotion of our local offer. We continue to keep in contact with parents and carers and have seen an increase in new members from the Tameside area via Early Help referrals. ## **Financial review** Despite the increasingly challenging economic environment, our key funders remain Greater Manchester Combined Authority (GMCA), and Manchester City Council. Other funders include Street Games, Garfield Weston, Tesco Bags of Help, Manchester Outdoor Education Trust (MOET), and Action Together. We have a good partnership with Tameside Youth Service who are a key player in the Tameside Youth Practitioners Partnership; they are supporting WAC to develop work with girls and young women, work with LGBTQ+ young people, and ‘youth voice’ via the Greater Manchester Youth Combined Authority (GMYCA). We As always, each funder got what they paid for and more! We add value by combining funding and by accessing grants that are not restricted to a particular locality, age group or purpose. As more and more workers have taken severance and early retirement, and Local Authority youth provision has been closed or drastically reduced; this has had an impact on the groups and contacts that have used WAC for several years. This situation is also echoed in the voluntary sector, and where groups do survive, it is often on a reduced budget so trips to WAC are curtailed. It is a challenge to continually find new contacts and ways of reaching new groups; this has taken time and ‘out of the box’ thinking. The purchase of our two Kayak Pro Ergos, our XL Stand Up Paddleboard and ‘play trailer’, has expanded our offer and enabled us to have additional activities to take out into different communities, and to support events, as well as promoting our centre. This is on top of plugging gaps in other areas of our work because of both 6 ## Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 these cuts, increasing poverty and challenges to young peoples’ mental health. Alongside this is the ever increasing detailed and demanding evidence required for funding bids and their subsequent monitoring. Whilst we are told that the information we provide is excellent, it takes much time to produce, and we continually must balance service delivery against essential paperwork. Longer-term funding from Greater Manchester Combined Authority, Manchester City Council, Street Games and Garfield Weston have been crucial. Every funder requires proof of ongoing income, hence sustainability. These guarantees of ongoing funding have enabled us to secure both new and continuing funding. Our Business and Development Plan has provided a solid basis which has guided development and supported funding bids. It was informed by extensive consultation with stakeholders, especially young people but also their parents, neighbours and professionals. We are currently updating the plan with a key priority of ongoing implementation of our funding strategy, to continue building long term financial stability. We have been able to maintain the quality and amount of work by creative collaboration with partners and sharing resources and expertise. We have built on existing and new links to bring in more support in the shape of resources, expertise and people. We are looking forward to some future pro-bono support via the Pilot lighters 360 programme. ## **Reserves policy** WAC’s fixed assets which are the buildings, land and equipment come to £139,377. We aim to set aside 3-4 months working capital in case of emergency. This is calculated by taking this year's expenditure (on-going running costs excluding one-off equipment) of £176,040 and dividing by four to give a minimum amount of £44,010 (max amount is £58,680) This year's General Fund is between 3 and 4 months working capital ie. £51,374 (Designated Funds - New minibus fund now £20,000 and Garfield Weston now £15,000 ringfenced for 2024-25). Approved by the Board of Trustees and signed on its behalf by: ..................................... Allan Donoghue (Chair).............................. Date 7 Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 ## **Plans for the future** We have now completed the submission of our new organisational structure that will better protect our Trustees and their liabilities by becoming a CIO, a Community Interest Organisation. We are also now using QuickBooks for our accounts, which is beneficial for remote working and the monitoring of funding applications. This should save time going forward which will be beneficial in identifying new funding streams. Recruitment of new staff and succession planning remains a priority for the future. There needs to be an investment in training and staff development across the youth and play sector as voluntary organisations and statutory services are all struggling to recruit into youth and play work roles. The emphasis needs to shift from ‘youth activities’ to ‘youth and play work’, as activities are the tools that we use to engage young people rather than the development journey that quality youth work ensures. Developing partnership working continues to be a priority and we are looking at recruiting staff across partnerships. This would help WAC with our seasonal demand and ensure that we have a skilled and experienced work force to cover our busy spring and summer seasons and our unique kayaking and water play offer. We are continuing to look for new funders which will give WAC financial stability for the next 2/3 years. ## **Structure, governance and management** WAC is an unincorporated charity, registered as a charity on 27 November 1978 (revised on 3 July 2000) in England and Wales. The charity is constituted under a constitution 27/11/1978. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 6 to the accounts. ## **Related parties and relationships with other organisations** As outlined in other parts of this report, WAC are actively involved in several partnerships across Greater Manchester. These can be summarised as follows. Manchester – for the last few years Manchester City Council commissioned Young Manchester to administer Service Level Agreements with several partnerships across the city. This role has now been taken back ‘in house’, by MCC. WAC has been part of the East Manchester Youth and Play Partnership (EMYPP), plus the N-Gagement + Partnership for our work in South Manchester. Greater Manchester Combined Authority (GMCA) Culture and Social Impact Fund. WAC currently receives funding from GMCA on a bi-annual basis, to deliver several kayaking and 8 Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 water play sessions for young people and vulnerable adults across the 10 Greater Manchester boroughs. We receive funding from Street Games via the Violence Reduction Unit, to provide targeted mentoring support for young people at risk of committing crime and offending behaviour. We have strong partnerships in place with several Tameside organisations who develop the voice of children and young people across the Borough of Tameside. These include Action Together, Tameside Council, Tameside Youth Practitioners and Tameside Youth Service. As outlined already, this year WAC has been successful in developing relationships with other funders who provide unrestricted support for our youth and play offer. These include Garfield Weston, Tesco ‘bags of help’, and Action Together. ## **Funds held as custodian trustee on behalf of others.** WAC has nothing to declare. 9 Water Adventure Centre Trustees’ annual report for the year ended 31 March 2024 ## Statement of responsibilities of the trustees Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: - Select suitable accounting policies and then apply them consistently. - Observe the methods and principles in the Charities SORP. - Make judgements and estimates that are reasonable and prudent. - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The trustees’ annual report has been approved by the trustees on ___/___/2024 and signed on their behalf by: Allan Donoghue Chair 10 ## Independent examiner’s report ## to the trustees of ## Water Adventure Centre I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are set out on pages 12 to 16. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records. I 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. Jennifer Daniel FCCA DChA Slade & Cooper Limited, Chartered Certified Accountants Beehive Lofts Beehive Mill Jersey Street Manchester M4 6JG ______________ 11 Water Adventure Centre Receipts and Payments Account for the year ended 31 March 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Note Receipts Donations Grants Fees and other income Bank interest 19 25,620 5,420 1,753 19 129,644 5,420 1,753 10,591 152,840 2,970 771 104,024 Total receipts 32,812 104,024 136,836 167,172 Payments Salaries Premises Costs Canoes, equipment & repairs Transport Administration Insurance Accountancy Training Cl ients 51,783 8,672 541 854 3,583 8,729 1,872 664 1,765 97,577 149,360 8,672 1,800 854 3,583 8,729 1,872 664 1,765 153,993 11,490 1,155 1,720 3,474 8,125 1,740 376 2,699 1,259 Total payments 78,463 98,836 177,299 184,772 Net receipts/(payments) (45,651) 5,188 (40,463) (17,600) Transfer between funds Surplus/(deficit) (45,651) 5,188 (40,463) (17,600) 12 Water Adventure Centre Statement of assets and liabilities as at 31 March 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Note Cash f unds Bank and cash balances at start of year Surplus / (deficit) shown on receipts and payments account 132,025 24,500 156,525 174,125 (45,651) 5,188 (40,463) (17,600) Bank and cash balances at end of year 86,374 29,688 116,062 156,525 Other assets Fund 2024 2023 Debtors Freehold Land and Buildings Fixtures and fittings Equipment Unrestricted Unrestricted Unrestricted Unrestricted 7,255 118,821 1,323 11,978 6,282 125,849 1,588 13,714 Total other assets 139,377 147,433 Liabilities Fund 2024 2023 Creditors Unrestricted 5,548 6,213 Total liabilities 5,548 6,213 Approved by the Executive Committee on and signed on their behalf Allan Donoohue (Chair) Liz Quartey (Treasurer) 13 Water Adventure Centre Notes to the accounts for the year ended 31 March 2024 Basis of accounting These accounts have been prepared on the Receipts & Payments basis. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Grants recelved Unrestricted Restricted 2024 2023 BBC Children in Need Street Games (VRU Fund) GMCA MCC Youth and Play Fund MCC Holiday Activity Fund (HAF) Garfield Weston Young Manchester One Oldham Action Together Tesco Communlty Grant MOET - COVID Recovery Fund MOET - Young Women's Festival Small grants 30,490 12,388 41,100 43,640 4,896 12,388 41,100 43,640 4,896 20,000 41,100 49,500 4,150 25, 000 1,000 20,000 1,000 1,000 1,000 1,000 4,050 1,470 loo 4,050 1,470 loo 1,600 25,620 104,024 129,644 152,840 Recelpts from charltable actlvltles Unrestricted Restricted 2024 2023 Group Payments and Fees Donations Paid Services 4,420 19 1,000 4,420 Ig 1,000 2,970 10,591 5,439 5,439 13,561 Investment receipts Unrestricted Restricted 2024 2023 Bank interest 1,753 1,753 771 1,753 1,753 771 14 Water Adventure Centre Notes to the accounts for the year ended 31 March 2024 (continued) Trustee remuneration and expenses, and related party transactions Neither the trustees nor any per50n5 connected with them received any remuneration during the year No trustee received travel and subsistence expenses during the year of £nil (2023., £nil ), No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charityi including guarantees, during the year. Analysis of movements In restrirted funds Balance at l April 2023 Balance at 31 March 2024 Receipts Payments Transfers Street Games IVRU Fund) GMCA MCC Holiday Actlvlty Fund IHAFI MCC Youth and Play Fund One Oldham Action Together TMBC GMYCA Youth Counclls TMBC WAC Partnershlp Te5co Communlty Grant 12,388 41,100 4,896 43,640 1,000 (7,200) (41,100) (4,896) (43,640) (1,000) 5,188 4,500 20,000 4,500 20,000 1,000 (1,000) Total 24,500 104,024 (98,836) 29,688 Name of fund Description, nature and purposes of the fund Street Games (VRU Fund) Mentoring project for girls and young women at risk of offending GMCA Work with primarily children and young people from Greater Manchester Manchester City Council (HAF) Holiday Activity Fund for Manchester children and young people MCC Youth and Play Fund Detached seasonal open access youth and play work (South and East areas) Oldham 'micro grant, to fund community events One Oldham Action Together TMBC GMYCA Youth Councils To develop youth voice in partnership with TMBC Youth Council and GMYCA To develop opportunities for girls and young women and LGBTQ+ young people To raise environmental awareness and support 'greener spaces initiatives, TMBC WAC Partnership Tesco Community Grant 15 Water Adventure Centre Notes to the accounts for the year ended 31 March 2024 (continued) Designated Funds Balance at l April 2023 Balance at 31 March 2024 Receipts Payments Transfers Minibus fund Garfield Weston 20,000 20,000 15,000 20,000 (5,000) 20,000 20,000 (5,000) 35,000 Name of fund Description, nature and purposes of the fund Minibus Fund Towards the purchase of a new minibus when this is needed as the current vehicle is 17 years old. Garfield Weston Funds ringfenced for 2024-25 Analysis of movement in unrestricted funds Balance at l April 2023 Asat31 March 2024 Receipts Payments Transfers Designated funds General fund 20,000 112,025 20,000 12,812 (5,000) (73,463) 35,000 51,374 132,025 32,812 (78,463) 86,374 Name of fund Descrlptlon, nature and purposes of the fund General fund We aim to set aside 3-4 months working capital in case of emergency. This is calculated by taking this year's expenditure (on-going runni ng costs excluding one-off equipment) of £176,040 and dividing by four to give a minimum amount of £44,010 (max amount is £58,680) This year's General Fund is between 3 and 4 months working capital ie. £51,374 (Designated Funds - New minibus fund now £20,000 and Garfield Weston now £15,000 ringfenced for 2024-25). Funds Restricted Designated General 29,688 35,000 51,374 Total 116,062 16