Charity registration number: 101671
The Peace People Charitable Trust
Annual Report and Financial Statements for the Year Ended 31 March 2025
The Peace People Charitable Trust
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to3 |
| Statement ofTrustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement ofFinancial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheFinancialStatements | 8to16 |
The Peace People Charitable Trust
Reference and Administrative Details
Trustees Mrs Ann Paterson Mr Kevin Toland Mrs Clare Grehan-Toland Mr Gerry Grehan Charity Registration Number 101671 Principal Office 224 Lisburn Road Belfast Antrim BT9 6GE Independent Examiner McKeauge Morgan & Company Independent Examiner 27 College Gardens Belfast Antrim BT9 6BS
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The Peace People Charitable Trust
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.
Objectives and activities
Public benefit
The Peace people continue to work to make a valuable contribution to the continuation of peace building in Northern Ireland and beyond. Our work involves International peace work and dialogue our centre of reconciliation. The Peace People also provides spaces for organisations as tenants in the Peace House building. These groups include:
° The Peace Players
° Al-Anon
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NIGAT
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Narcotics Anonymous
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Refugee meetings
Organisational Projects:
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With the political parties returning to Stormont, we have increased our facilitation of peace groups now visiting Belfast. The individuals and groups are welcomed at the Peace House where we talk about the third way. Students from the UK and the USA are keen to know our history and how we see the political process and progress. We feel things have somewhat stagnated and fear tends to lead to Unionist inertia. 2. In recent times we do joint seminars with Peace Players at the Peace House. This compliments well as we can talk the history of Peace People and the great work being done by the Peace Players. 3. Our outreach to asylum seekers and refugees is continued by Ann Patterson and we give some financial support to these people. 4. We have been joined by our new volunteer Joshua, who is an IT specialist and is helping modernise our communication. Clare Toland continues with our website and Facebook activities.
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Potential funding. With the help of Joshua we have applied for a £40,000 infrastructure-improvement grant to help with roof and gutter repairs. Some new windows will be great to weather proof and future proof the building.
We also throughout the year facilitate various groups from schools and universities in the peace house. At these meetings the groups will hear about The peace people history and work.
The trustees confirm that they have complied with the public interest statutory guidance issued under section 4 of the Charities (Northern Ireland) Act 2008.
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The Peace People Charitable Trust
Trustees' Report (continued)
Financial review
Policy on reserves
The charity has no formal policy on reserves. It creates reserves as required for specific projects. If funds were materially in deficit at any time steps would be taken to eliminate the deficit, normally by a special appeal to existing donors.
Structure, governance and management
Nature ofgoverning document
The Peace People Charitable Trust is a charity constituted by a Trust Deed and is recognised as a charity by the Charity Commission (NI), number NIC 101671
Our constitution requires we have 3 trustees and no more than9 trustees.
Recruitment and appointment oftrustees
All trustees are given guidelines on their responsibilities and on how meetings are to be conducted. These guidelines are in written form and each of the trustees have a copy. Training is by active work within the committee and all overseen by the Chairperson.
All long term members of The Peace People Charitable Trust, who are over the age of 18 and have over one years of voluntary service within the charity are eligible to be trustees. Each prospective trustee serves for a probation year to assess their commitment and if suitable then is invited to join as a trustee. The trustees and positions of trustees are elected as part of the Annual General Meeting
Arrangements for setting key management personnel remuneration
One trustee is remunerated for administrative services supplied. All other trustees are voluntary.
Organisational structure
The trustees are responsible for the day to day management of the charity.
Trustees are responsible for making decisions on matters of day to day running of the charity, future projects and all matters of concern to the charity. The trustees also make decisions on how funds are allocated and on bills to be paid.
The trustees meet each twice a year.
The annual report was approved by the trustees of the charity on 21 January 2026 and signed on its behalf by:
Odnegh e-— Mr Gerry Grehan Trustee |
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The Peace People Charitable Trust
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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 charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 21 January 2026 and signed on its behalf by:
Mr Gerry Grehan | Trusteg
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The Peace People Charitable Trust
Independent Examiner's Report to the trustees of The Peace People Charitable Trust
I report to the trustees on my examination of the accounts of The Peace People Charitable Trust for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of The Peace People Charitable Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2009 (‘the Act’).
I report in respect of my examination of the The Peace People Charitable Trust's accounts carried out under section 50 of the 2009 Act and in carrying out my examination I have followed all the applicable Directions given by the Authority under section 50(8) of the Act.
Independent examiner’s statement
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accounting records were not kept in respect of The Peace People Charitable Trust as required by section 47 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
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.
Terence Hollywood | Independent Examiner Chartered Accountants Ireland
27 College Gardens Belfast Antrim BT9 6BS
21 January 2026
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The Peace People Charitable Trust
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted | Total | ||
|---|---|---|---|
| funds | 2025 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Investment income | 3 | 498 | 498 |
| Other income | 28,013 | 28,013 | |
| Total income | 28,511 | 28,511 | |
| Expenditure on: | |||
| Raising funds | (31,722) | (31,722) | |
| Charitable activities | (2,443) | (2,443) | |
| Total expenditure | (34,165) | (34,165) | |
| Net expenditure | (5,654) | (5,654) | |
| Netmovement infunds | (5,654) | (5,654) | |
| Reconciliation offunds | |||
| Total funds brought forward | 45,300 | 45,300 | |
| Total funds carried forward | 14 | 39,646 | 39,646 |
| Unrestricted | Total | ||
| funds | 2024 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Donations and legacies | 500 | 500 | |
| Investment income | 3 | 507 | 507 |
| Other income | 30,259 | 30,259 | |
| Total income | 31,266 | 31,266 | |
| Expenditure on: | |||
| Raising funds | (31,232) | (31,232) | |
| Charitable activities | (5,285) | (5,285) | |
| Total expenditure | (36,517) | (36,517) | |
| Net expenditure | (5,251) | (5,251) | |
| Net movement in funds | (5,251) | (5,251) | |
| Reconciliation offunds | |||
| Total funds brought forward | 50,551 | 50,551 | |
| Totalfundscarriedforward | 14 | 45,300 | 45,300 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.
The notes on pages 8 to 16 form an integral part of these financial statements. Page 6
The Peace People Charitable Trust
(Registration number: 101671) Balance Sheet as at 31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 11 | 15,781 | 16,153 |
| Current assets | |||
| Cash atbank and in hand | 12 | 28,146 | 34,427 |
| Creditors: Amounts falling duewithin one year | 13 | (4,281) | (5,280) |
| Net current assets | 23,865 | 29,147 | |
| Net assets | 39,646 | 45,300 | |
| Funds of the charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 39,646 | 45,300 | |
| Totalfunds | 14 | 39,646 | 45,300 |
The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 21 January 2026 and signed on their behalf by:
Mr Gerry Grehan Trustee
The notes on pages 8 to 16 form an integral part of these financial statements. Page 7
The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
- 1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Peace People Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
2 Income from donations and legacies
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | |||
| General | funds | |||
| £ | £ | |||
| Total | for | 2025 | LL | |
| Total | for2024 | 2024 | 500 | 500 |
3 Investment income
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | funds | ||
| £ | £ | ||
| Interest receivable and similar income; | |||
| Interest receivable on bank deposits | 498 | 498 | |
| Total for2025 | 498 | 498 | |
| Totalfor2024 | 507 | 507 |
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
4 Other income
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | funds | ||
| £ | £ | ||
| Rental | income | 28,013 | 28,013 |
| Total | for 2025 | 28,013 | 28,013 |
| Total | for2024 | 30,259 | 30,259 |
- 5 Expenditure on raising funds
a) Investment management costs
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | |||
| General | funds | |||
| Note | £ | £ | ||
| Allocated support costs | 26,022 | 26,022 | ||
| Total for 2025 | 26,022 | 26,022 | ||
| Total for 2024 | 25,219 | 25,219 | ||
| 6 | Expenditure on charitable activities | |||
| Unrestricted | ||||
| funds | Total | |||
| General | funds | |||
| Note | £ | £ | ||
| Governance costs | 2,443 | 2,443 | ||
| Totalfor2024 | 5,285 | 5,285 |
- 7 Analysis of governance and support costs
Governance costs
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | funds | ||
| £ | £ | ||
| Other | governance costs | 2,443 | 2,443 |
| Total | for 2025 | 2,443 | 2,443 |
| Total | for2024 | 5,285 | 5,285 |
8 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Mrs Clare Grehan-Toland
Mrs Clare Grehan-Toland received remuneration of £5,700 (2024: £6,013) during the year.
Mr Gerry Grehan £432 (2024: £342) of expenses were reimbursed to Mr Gerry Grehan during the year.
9 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs werewere as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Staffcosts during the yearwere: | ||
| Wagesandsalaries | 5,700 | 6,013 |
No employee received emoluments of more than £60,000 during the year
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
| 11 Tangible fixed assets | ||||
|---|---|---|---|---|
| Land | and | Furniture and | ||
| buildings | equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2024 | 86,727 | 33,347 | 120,074 | |
| Additions | - | 664 | 664 | |
| At 31 March 2025 | 86,727 | 34,011 | 120,738 | |
| Depreciation | ||||
| At 1 April 2024 | 72,998 | 30,923 | 103,921 | |
| Charge for the year | 275 | 761 | 1,036 | |
| At 31 March 2025 | 73,273 | 31,684 | 104,957 | |
| Net book value | ||||
| At 31 March 2025 | 13,454 | 2,327 | 15,781 | |
| At 31 March 2024 | 13,729 | 2,424 | 16,153 | |
| 12 Cash and cash equivalents | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Cash atbank | 28,146 | 34,427 | ||
| 13 Creditors: amounts falling due within one year | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals | 4,281 | 5,280 |
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The Peace People Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
| 14 Funds | |||||
|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at31 | ||
| April2024 | 2024 | resources | expended | March 2025 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 45,300 | 28,511 | (34,165) | 39,646 | |
| Balance at 1 | Incoming | Resources | Balance at31 | ||
| April2023 | 2023 | resources | expended | March 2024 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 50,551 | 31,266 | (36,517) | 45,300 |
15 Related party transactions
Except for the transactions recorded in Note 8, there were no other disclosable related party transactions in the year.
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