Friends of Pavestone Centre Document I: Charity Accounts for the year ended 31 March 2024 st Previous year U nrestricted Funds Restricted Funds Total Total 2023 Recei Voluntary receipts Donations 900.00 290 Grants Fundraising appeals. Bank interest/refunds Christmas Coffee Party & Sales 5 231.00 4937.40 Total Receipts 6.131.00 5227.40 Pa ments Cost of fund-raising 180.19 Grants and Donations. 4920.18 Governance cost Bank charge 83.96 Purchase of materials 1096.68 Tota I 6281.01 3629.98 Excess of payments Over receipt 150.01 Excess of receipts over payment. 1597.42 Statement of Assets and Liabilities on 31 March U n restricted Funds 2024 Restricted Funds 2024 Total 2024 Total 2023 Previous year Cash Funds Current Accounts HSBC Total Cash Funds Equipment Total assets retained 13,556.98 13,556.98 13,706.99 13.556.98 13,556.98 13,706.99 210 210
Notes to the financial statements for the year ended 31 March 20_ l. Accounting policies Set out below are the principal accounting policie5 that have been adopted in the compilation of the Receipt and Payments Accoijnt and the Statement ol Assets and Liabilities lal Receipts and Payments Account All items of income and expenditure included with the Receipts and Payments Account have been accounted for on a cash receipts basis. Statement of Assets and Liabllitles The only assets retained for the Friends ol Pavestone Centre own use is equipment that is depreciated over a lour year period on a straight lit)e ba515. 2. Reconciliation of Cash Funds Total Cash Funds at Beginning ol the year Receipts for the Year Payn)ents lor the Year Total Cash funds at the end of the year 3. Movement in lunds At l April 2023 Incoming Resources Outing Resources March 24. Restricted funds Unrestricted funds 13,706.99 13,556.98 Total funds Pui poses of Restricted Funds Funds which were donated as the result of an appeal related to the needs of a specific service user. As this was not used the money was returiied to the donors. apart from one donor who recogni5ed an alternative usage for other service users who might need assistance related to a specific event or activity. 4. Tran5artion5 With the Trustees No trustee received any remuneration or reimbursement of expenses during thè year. No trustee or a person related to a t trustee had any personal inteiest in any contract or transaction entered into by the charity during the year. 5. Governance Costs Governance costs incurred during the year of £83.96 related to bank fees.