2025-03-31-accounts - The Water Adventure Centre

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Charity Number: 508340

Water Adventure Centre

Report and financial statements For the year ended 31[st] March 2025

Water Adventure Centre

Reference and administrative information

for the year ended 31 March 2025

The Exec presents its report and financial statements for the year ended 31[st] March 2025.

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

Chair (until 19/08/2024, deceased on 08/11/2024)

Allan Donoghue Chair (until 19/08/2024, deceased on 08/11/2024) Suzanne Vincent Deputy Chair (Chairperson from 19/08/2024) Elizabeth Quartey Treasurer John Byrne Secretary Diane King Trustee Dave Naraynsingh Trustee

Principal staff

Pauline Venus Director Mike McGuinn Youth and Play Worker Bridget Halliday Youth and Play Worker Steph McDonagh Youth and Play Worker Lauren Woodward Youth and Play Worker

Independent Examiner

Jennifer Daniel FCCA DChA Slade & Cooper Limited Beehive Lofts Beehive Mill Jersey Street Manchester M4 6JG

Bankers

National Westminster Bank plc Ashton-under-Lyne (A) Branch Warrington Street Ashton-under-Lyne Lancashire OL6 6JL

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

The trustees present their report and the unaudited financial statements for the year ended 31/03/2025.

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.

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

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 2024-2025.

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.

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

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.

This year we have continued to work in partnership with the East Manchester Youth and Play Partnership, and the South Network Youth network to support the work we deliver at Chorlton Water Park. 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.

We are now in our 48th 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, impacted by the current cost of living crisis. Essential to achieving this has been partnership working with a variety of organisations like the East Manchester Youth and Play Partnership, Manchester City Council, 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

As already mentioned, our GM group work on the water has remained constant. We have been extremely busy with new contacts and new user group requests. 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 and families in the school summer holidays. We have also continued to work with home schooled networks who are supporting young people who are home educated. There has been an increase the numbers of young people who are home schooled since the Covid Pandemic.

WAC'S Youth Clubs

Sunday Funday offers targeted play and youth work for children aged 8-13 years. Our offer is mostly outdoors in good weather, 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 deliver the canoeing and water play all year round, but we also engage young people in several creative projects, including improving our grounds and open spaces. These projects are inspired by young people’s ideas to create chill out spaces, that provide the creative canvas for their self-directed play activities and games.

Thursday Youth Club is open to all aged 11-16 years from Greater Manchester, and is mainly attended by young people from Droylsden, and other parts of Tameside/East Manchester. It is a place ‘just to be’ with friends, and the year-round programme offers canoeing, discussion, arts projects, and essential youth work support. There is a core group of young people who attend each week, and the focus of the sessions is water fun and play, with young people organising their own games on the water and supporting new members who join from further

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

afield. There has been an increase in young people who have attended from other parts of GM, signposted by social workers and Early Help workers.

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. The main focus of the sessions has been on kayaking and water play, in particular jumping in the water and self-directed play activities on the Stand up Paddleboards.

We have delivered a youth mentoring project with girls and young women for those most at risk of crime, offending and exploitation. This project was funded via Street Games as part of the GM Violence Reduction Unit and has enabled young women to learn some digital media skills as part of the ‘Feel Good Your Way’ project. As with most of our youth and play clubs, word of mouth is by far the best way to reach out to young people.

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.

We resumed our kayaking and water play offer on the lake at Chorlton Water Park at Easter. The water park continues to be busy with families and people of all ages, and this generates a lot of ‘passing trade’ interest. 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.

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, but the senior session is a bit quieter. 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. The Stand-up Paddleboards are very popular with young people, organising their own games and activities.

Greater Manchester Youth Combined Authority (GMYCA) is a youth engagement project we have been involved with for the last eight 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. We are now in our 2[nd] year of our[4th] Term of Office, a wonderful achievement for WAC, for our Youth Voice and to raise WAC’s profile in Greater Manchester!

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.

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

Support work for Partnerships based at WAC and GM locations.

We had a busy season on the canal throughout 2024 and 2025 with several GM bookings from Easter, continuing during the summer months. We have worked with groups who regularly attend, as well as new contacts. We have 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 South Manchester Network, the East Manchester Youth and Play Partnership, Street Games and the 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 work closely with colleagues across Manchester and Tameside, 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 and across GM via Early Help referrals.

Financial review

This year has been particularly challenging with increases in wages and running costs, and a reduction in our funding income. Our key funders have been Greater Manchester Combined Authority (GMCA) and Manchester City Council Youth and Play Fund. Other funders have included Street Games (VRU fund), Garfield Weston, Tesco Community Grants, Manchester Guardian Society, Action Together and Manchester Outdoor Education Trust (MOET). The landscape across the Voluntary, Community and Faith sector has been a reduction in the overall funding available alongside an increase in demand for funding, which has led to an increased level of competition for funding, and a reduction in the budgets available for groups. This has meant that we have been unable to secure funding from BBC Children in Need for the last two years.

We have had some consultancy support from the Pilot lighters 360 programme 360, which has been beneficial, giving us some guidance on succession planning for staff and Trustees, and ideas for future income generation by expanding our offer to businesses.

Moving forward, our priority is to secure longer term funding and explore opportunities to collaborate with partners.

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

Reserves policy

WAC’s fixed assets, which are the buildings, land and equipment, come to £122,884.

We aim to set aside 3-4 months’ working capital in case of emergency, but this year has been extremely challenging with increases in wages and running costs. As a result of our reduction in income and increase in expenditure, we have had to use our reserves to pay our wages and running costs.

Rebuilding our financial reserves is our main priority for 2025-2026.

Approved by the Board of Trustees and signed on its behalf by:

(Suzanne Vincent – Chairperson) ................................Date 30/07/2025

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

Plans for the future

We plan to move our existing charity to our new Charitable Incorporated Organisation (CIO) in 2025. The CIO structure will better protect our Trustees and their personal liabilities. We will continue to use 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 for staffing and Trustees 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.

We have also set up a Charitable Incorporated Organisation (CIO). This was set up on 27/07/2023. We will be moving our current unincorporated charity to this new incorporated organisation in 2025.

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 partnership with Barlow Moor Community Association (BMCA), and Groundwork for our work in South Manchester.

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

Greater Manchester Combined Authority (GMCA) Culture and Social Impact Fund. WAC currently receives funding from GMCA on a 3 year basis, to deliver several kayaking and 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.

Water Adventure Centre Trustees’ annual report for the year ended 31 March 2025

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 30/07/2025 and signed on their behalf by:

Suzanne Vincent (Chairperson)

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 2025 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:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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

22/08/2025

Water Adventure Centre

Receipts and Payments Account for the year ended 31 March 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|funds|Total|funds| |funds|funds|2025|2024| |Note|£|£|£|£| |Receipts| |Donations|190|-|190|19| |Grants|3|20,500|79,412|99,912|129,644| |Fees|and|other|income|4|5,590|-|5,590|5,420| |Bank|interest|5|1,063|-|1,063|1,753| |Total|receipts|27,343|79,412|106,755|136,836| |Payments| |Salaries|48,537|109,100|157,637|149,360| |Premises|Costs|11,069|-|11,069|8,672| |Canoes,|equipment|&|repairs|530|-|530|1,800| |Transport|1,301|-|1,301|854| |Administration|3,697|-|3,697|3,583| |Insurance|8,895|-|8,895|8,729| |Accountancy|1,944|-|1,944|1,872| |Training|1,631|-|1,631|664| |Clients|4,276|-|4,276|1,765| |Total|payments|81,880|109,100|190,980|177,299| |Net|receipts/ (payments)|(54,537)|(29,688)|(84,225)|(40,463)| |Transfer|between|funds|-|-|-|-| |Surplus/|(deficit)|(54,537)|(29,688)|(84,225)|(40,463)|

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Water Adventure Centre

Statement of assets and liabilities as at 31 March 2025

						Unrestricted	Restricted	Total funds	Total funds
						funds	funds	2025	2024
					Note	£	£	£	£
Cash		funds
	Bank		and cash balances		at start of
	year					86,374	29,688	116,062	156,525
	Surplus/ (deficit)			shown on
	receipts and payments account Bank and cash balances at end					(54,537) 31,837	(29,688) -	(84,225) 31,837	(40,463) 116,062
	of year					~~a~~
Other assets Debtors Freehold Land and Buildings Fixtures and fittings Equipment						Fund Unrestricted Unrestricted Unrestricted Unrestricted		2025 8,881 111,793 1,508 9,583	2024 7,255 118,821 1,323 11,978
Total other assets Liabilities						Fund		131,765 2025	139,377 2024
	Creditors					Unrestricted		7,345	5,548
	Totalliabilities							7,345	5,548

Approved by the Executive Committee on 30/07/2025 and signed on their behalf by:

Water Adventure Centre

Notes to the accounts for the year ended 31 March 2025

1 Basis of accounting

These accounts have been prepared on the Receipts & Payments basis.

2 ~~ 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.

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|||||||||| |---|---|---|---|---|---|---|---|---| |3|Grants|received| |Unrestricted|Restricted|2025|2024| |£|£|£|£| |Street|Games|(VRU|Fund)|-|9,910|9,910|12,388| |GMCA|-|41,100|41,100|41,100| |MCC|Youth|and|Play|Fund|-|28,402|28,402|43,640| |MCC|Holiday|Activity|Fund|(HAF)|-|-|-|4,896| |Garfield|Weston|20,000|-|20,000|20,000| |Manchester|Guardian|Society|500|-|500|-| |One|Oldham|-|Action|Together|-|-|-|1,000| |Tesco|Community|Grant|-|-|-|1,000| |MOET|-|COVID|Recovery|Fund|-|-|-|4,050| |MOET|-|Young|Women's|Festival|-|-|-|1,470| |Small|grants|-|-|-|100| |20,500|79,412|99,912|129,644| |4|Receipts|from|charitable|activities| |Unrestricted|Restricted|2025|2024| |£|£|£|£| |Group|Payments|and|Fees|5,215|-|5,215|4,420| |Donations|190|-|190|19| |Paid|Services|375|-|375|1,000| |5,780|-|5,780|5,439| |5|Investment|receipts| |Unrestricted|Restricted|2025|2024| |£|£|£|£| |Bank|interest|1,063|-|1,063|1,753| |1,063|-|1,063|1,753|

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4 Receipts from charitable activities

Water Adventure Centre

Notes to the accounts for the year ended 31 March 2025 (continued)

6 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration during the year.

No trustee received travel and subsistence expenses during the year of Enil (2023: Enil).

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year.

7 Analysis of movements in restricted funds

		Balance					Balance	Balance	at
		at 1 April					31 March
		2024	Receipts Payments			Transfers		2025
		£	£		£	£		£
Street Games (VRU Fund)		5,188	9,910		(15,098)	-			-
GMCA		-	41,100		(41,100)	-			-
MCC Youth and Play Fund TMBC GMYCA Youth Councils		- 4,500	28,402 -		(28,402) (4,500)	- -			- -
TMBC WAC Partnership Total		20,000 29,688	- 79,412	(20,000) (109,100)		- -			- -
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

MCC Youth and Play Fund Detached seasonal open access youth and play work (South and East areas)

TMBC GMYCA Youth Councils To develop youth voice in partnership with TMBC Youth Council and GMYCA

TMBC WAC Partnership To develop opportunities for girls and young women and LGBTQ+ young people

Water Adventure Centre

Notes to the accounts for the year ended 31 March 2025 (continued)

8 Designated Funds

	Balance						Balance at
	at 1 April						31 March
	2024	Receipts		Payments	Transfers		2025
Minibus fund Garfield Weston	£ 20,000 15,000	£	- -	£ - (15,000)	£	- -	£ 20,000 -
	35,000		-	(15,000)		-	20,000

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

9 = Analysis of movement in unrestricted funds

Designated funds General fund

Balance				As at 31
at 1 April				March
2024	Receipts	Payments Transfers		2025
£ 35,000 51,374	£ - 27,343	£ £ (15,000) (66,880)	- -	£ 20,000 11,837
86,374	27,343	(81,880)	-	31,837

Name of fund

Description, 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 running costs excluding one- ~~o~~ ff equipment) of £190,980 and dividing by four to give a minimum amount of £47,745 (max amount is £58,680) This year's General Fund is £11,837 and is not between 3 and 4 months working capital.

Funds

Restricted - Designated 20,000 General 11,837 Total 31,837