Charity registration number NIC104557 WATERSIDE WOMEN'S CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
WATERSIDE WOMEN'S CENTRE CONTENTS Page Charty Infomiation Management Committees, report Independent examinels port Statement of financial activities Balance sheet Noles to the finanual ststements 9-18
WATERSIDE WOMEN'S CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Management Committee Geraldine Compton (Chairperson) (Appointed 21 June 2023) Hilary Hamitton Ivice Chairperson) (Appointed 21 June 2023) Christine Mclvor (Secretary) Marian Kerlin ffreasurer) Bernadette Duddy Monica Shery Cheryl Wdnnell Charity number NIC104557 Principal address 170 Spenr Road Waterside Dery-Londondery BT47 6AH Independent examiner Moore {NII LLP 21-23 Clarendon Street Derry-Londondery BT48 7EP Bankers Bank of Ireland 27 Culmore Road Londondery BT48 8JB
WATERSIDE WOMEN'S CENTRE MANAGEMENT COMMITTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Management Committee present their annual report an(J financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accuunting policies set out in note 1 to the financial statements and comply with the charity's Constitution, the Chartties Act (Northem Ireland) 2008 and "Accounting and Reporting by Chartties= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). Objectives and aGtivities The princip81 aclivty of the Waterside Women's Centre is to create leaming opportunities that are geared towards meeting women's needs and aspirations. Help women gain the confidence and skills needed lo participate in social, family, educational. community and economic life. Support women and children by providing quality onsite Childcare. Waterside Women's Centre is managed by the Trustees who are responsible for the management of the charity. The Trustees meet monlhly to oversee the management of the Centre. The Management Committee employs two Centre Coordinators who share the responsibility for the day-to-day management of the Centre. The Management Committee have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and perfomiance In 2022123 Waterside Women's Centre continued to focus on the needs of the community to ensure woman and chlldren reiVed support to enable them to rebuild their lives and communty after the impact of CQVID-19 and the continuing ¢ost-of-living crisis. The work of the Centre is focused on women's empowemient and having access to opportunities to shape their lives and the lives of their families. We meet our aims by providing access to a holistic range of activities including education, training and skilEs with support provided through our on-site crèche with those women requiring childcare. Staff training and developmenl was promoted and encouraged. And we continued our SucSsl partnership with a range of tutors and organisalions who provide programmes and activities. We continued to offer opportunities for women to achieve goals for their future. Trainin Education and Women's Em owement Our courses and empowerment programmes continue to provide high qualty capauty building programmes for women in safe and welcoming space. The range of accredited and non-accredited courses on offer reflecl our responsiveness to members surveys and ConsuatIonS. Health and well-being remain a core part of our programme and we offered a range of sessions supporting women's physical and mental welkbeing when we lebrated International Women's Day. We delivered a range of courses to 892 women. We believe this figure demonstrates our capaaty to work with our funders in delivering a wide range of courses and semces to women to continue to support them through the cuent difficult times and prepare them for the future. Childcare Our creche staff provided 2,257 places for children to support their development and allow Iheir mums / carers opportunities to attend training and development sessions. We welcomed 49 new families and 106 children throughoul the year. We are still working hard to deliver the seNices needed by families with pre-school children who have had quite a difficult start due to the circumstances of COVID lockdowns and Ihe strange limes we've been though. We had our regular inspection by the Earty Years servi of WHSCT with an excellent report confirming no requirements for compliance nor areas identified for improvements.
WATERSIDE WOMEN'S CENTRE MANAGEMENT COMMIThEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Financial review Total income for the year was £211,192, of which £205,714 represents grant funding received for projects and £5,360 was generated from user contributions to course fees. The balan of income represents small donations from users. Total expenditure by the charity was £204.885. of whith £181,698 related to direct charitsble activities. and £20.967 related to management and administration costs. The Management Cornmittee have assessed the charity's reserves requirements at the year end and determined it appropriate to designate an additional £10,000 at the year end to designated fvnds, which represent 3 months costs of operating the charity- This increase is to reflect the impact of increased ojsts faced by the Gharity as a result of the cost of living crisis. The charity had net assets at the year-end of £111.765, of which £35,875 were held as restricted fvnds, £45,000 were held as unrestricted funds designated by the Trustees lo cover costs in the event of a shortfall in funding, and £30,890 were unrestricted in natu. Resetves policy The Management Committee consider it prudent to hold monies in SerVe in the event unfoSeen circumstsnces should lead to financial difficulties which might put the future of its employment capacity, general charitable work and propety in jeopardy. The organisation is currently working to meet unprecedented challenges created by the pandemic and the emerging cost of liwng rjises. The Management Committee consider that reserves should be equivalent to 3 months of operating costs calculaled annually. ReseNes at this level will ensure that, in the event of a significanl drop in funding they will be able to continue the chartvs activities while consideration is given to ways in which additional funds may be raised. The Management Committee assess that three months of operating cosls amounts to approximately £45.000 and have set aside this amount within a designaled fund. This is to ensure suslainability and growth of our support servic8S, investing in the maintenance of the facilities required lo meet our aims for women and children. The Management Committee wll review the appropriateness of the policy annually. Structure, governance and management The charily is an unincorporated organisation govemed by its Constilution which sets out the objects and powers of the charity. The Management Committee who served during the year and up to the date of signature of the financial stslements were.. Geraldine Compton (Chairperson) Hilary Hamilton (Vice Chairperson) Christine Mclvor (Secretary) Marian Kerlin (Treasurer) Bernadette Duddy Emma Johnston Monica Sherry Cheryl Wannell (Appointed 21 June 2023) (Appointed 21 June 2023) (Resigned 1 May 2023) Recruitment and appointment of members of the Management Committee The Management Committee manages the process of recruilmenl and appointment of new members in accordance with the provisions of the chartty's Constitution. The charity shall be managed by a Committee consisling of a Chairperson, viChairperSon, Secrelary, Treasurer and not less than 2 members of the charity elected by and frorn amongst the rnembers present and voting at the AGM. The Management Committee has the power to co-opt further members provided that the number of COptionS does nol exceed one-third of the total membership of the Committee. The charity pro)rides new members of the Management Committee with specific details of what their role entails and also their responsibiltties in tems of govemance within the organisation.
WATERSIDE WOMEN'S CENTRE MANAGEMENT COMMirrEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of Management Committees. responsibilities The Management Committee are responsible for preparing the Management Commrttees, Report ancl the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢pted Ac£ounting Practi). The law applicable to chartties In Northem Ireland requires the Management Committee to prepare financ¢al statements for each financial year which give a Irue and fair view of the stste of affairs of the charity and of the inGoming reSoUrS and application of resources of the tharity for that year. In preparing these financial statements, the Management Committee are required to.. select suitable accounting policies and then apply them consistendy., - obseNe the methods and principles in the Charrties SORP., - make judgements and estimates Ihat are reasonable and prudent., state whether appli¢able accounting stsndards have been followed, subject to any material departures disclosed and explained in the finanaal statements-. and prepare the financial ststemenls on the going concem bass unless it is inappropriate to presume that the ¢harity will continue in operation. The Management Committee are spOnsible for keeping sufficient accounting CordS Ihat disdose with reasonable accuracy at any time the financial positi'on of the charity and enable them to ensure that the financial statements comply wilh the Charilies Acl {Northem Ireland) 2008. the Charity (Accounls and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. 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. Independent examiner We thank Moore Nl LLP for their work in completing the independent examination, and understsnding the complexty of the range of funding we've been successful in Sering to deliver our aims. The Managemenl Commitiees, report was approved by the Board of Management Committee. Geraldine Compton (Chairperson) Committee member 11 October 2023
WATERSIDE WOMEN'S CENTRE INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF WATERSIDE WOMEN'S CENTRE We report to the Management Committee on our examination of the financtal statements of Waterside Women's Centre (the charity) for the year ended 31 March 2023. Respective responsibilities of the Management Committee and examiner As the Management Committee of the charity you are responsible for the preparation of the finanaal statements in att£0rdan wilh the requirements of the Charities Act {Northem Ireland) 2008 . It is our responsibility to.. examine the accounts under section 65 of the Chariknes Act (Northern Ireland) 2008; follow the procedures laid down in the general Directions given by the Charty Commisslon for Northern Ireland under section 65{9)Ibl of the Charities Act.. and state whether particular matters have come to our attention. Basis of independent examinerfs report We have examined your charity accounts as required under seclion 65 of Ihe Charities Act and our examination was carried out in a¢cordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. Our examination induded a review of the accounting records kept by the charity and a mpariSon of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations frorn you as charity trustees conceming any such matters. Our role is to state whether any material matters have come to our attention giving us ¢ause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charittes Act 2. That the a¢¢ounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirernents of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached Independent examinerfs statement We have completed our examination and have no concerns in respect of the matters {1) to141 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found nc matters that require drawing to your attention. Moore {Nl) LLP 21-23 Clarendon Slreet Dery-Londonderry BT48 7EP Dated.. 11 October 2023
WATERSIDE WOMEN'S CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current financial year Unrestricted Unrestiicted Restricted funds funds funds general designated 2023 2023 Total Total 2023 2023 2022 Notes Income from: Donations and legacies Charitable activities Investments 50 7,198 68 50 211,074 68 932 175,464 15 203,876 Total income 7,316 203,876 211,192 176,411 Ex enditure on: Charitable activities 7,662 197,223 204,885 158,756 Net {outgoing)fincoming resources before transfers 1346) 6,653 6,307 17,655 Gross transfers beeen funds 3,669 10,000 {13,669) Net Incomel{expenditure) for the yearl Net movement in funds 3,323 10,000 (7,016) 6,307 17,655 Fund balances al 1 April 2022 27.567 3S,000 42,891 105,458 87,803 Fund balances at 31 March 2023 30,890 45,000 35,875 111,765 105,458 The statement of finanual actimties includes all gains and losses recognised in the year. All income and expenditure derive from continuing actimties.
WATERSIDE WOMEN'S CENTRE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prior financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2022 2022 Totsl 2022 2022 Notss Income from: Donations and legacies Charitable activities Investments 932 10,934 15 932 175,464 15 164,530 Total income 11,881 164,530 176,411 Ex endlture on: Charitable activities 12,417 146,339 158,756 Net (outgoingifincoming resources before transfers (536) 18,191 17,655 Gross transfers betsveen funds {56) 56 Net Incomel(expenditure} for the yearl Net movement in funds 1592) 18,247 17,655 Fund balanS at 1 April 2021 28,159 35.000 24,644 87,803 Fund balances at 31 March 2022 27,567 35.000 42,891 105,458
WATERSIDE WOMEN'S CENTRE BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets 11 623 779 Current assets Debtors Cash at bank and in hand 12 8,321 107,836 2,637 105,678 116,157 108,315 Credltors: amounts falling due within one year 13 (5,0151 (3,636) Net current assets 111,142 104,679 Total assets less ¢urrent liabilities 111,765 105,458 Income funds Restricled fijnds nrestricted funds Designated funds G8neral unrestricted funds 14 35,875 42,891 15 45,000 30,890 35,000 27,567 75,890 62,567 111,765 105,458 The financial statements We approved by the Management Committee on 11 October 2023 Geraldine Compton (Chairperso Trustee n Kerlin (Treasurer) Trustee
WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity infomiation Waterside Women's Centre is an unincorporated charity established under and governed by its Constitution. The charity is registered with the Charity Commission for Northem Ireland under the tharity reference NIC104557. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Constitution, the Charities Act (Northern Ireland) 20Q8, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. fFRS 102.) and the Charitses SORP "Accounting and Reporting by Charilies: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanal Reporting Slandard applicable in Ihe UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefft Entty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional CuencY of the diarity. Monetary amounts in these financial slatements are rounded to the nearest £. The financial ststements have been prepared under the historical cost convention. The prinap21 a¢counting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the Management Committee have a reasonable expedation that the charity has adequate resources to continue in operational existence for the foreseeable fulure. Thus the Management Committee conlinue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricled funds are available for use at the discretion of the Management Committee in furtherance of their charitable objectives. Designaled funds comprise funds which have been set aside at the dIsCtion of the Management Committee for specific purposes. The purposes and uses of the designated fvnds are set out in the notes to the financial ststements. Restricted funds are subject to specifi¢ conditions ty donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charrty is legally enlitled to it after any perfom)ance conditions have been met, Ihe amounts can be measured reliably. and it is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised On the charity has been notified of the donation. unless performance conditions require deferral of the amounl. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on reIpt or othetwise rf the charity has been notified of an impending distribution, the amourbt is known, and receipt is expected. If the amount is not known, the legacy is Ireated as a contingent asset.
WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) l.S Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expendilure is classified by actiwty- The costs of each activity are made up of the total of direct costs and shared Costs, including support costs involved in undertaking ea¢h activty. Ejirect wsts attributable to a single activity are allocated directly to that activity- Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those actiwties on a basis consislent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cosl and subsequenliy measured at cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as to wrrie off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Office equipment Creche equipment 20• reduGing balance 20°A reducing balance 20°A reduung balance The gain or loss arising on the disposal of an asset is detemiined as the dtfferen beeen the sale proce8ds and the carrying value of the asset. and is recA)gnised in the ststement of financial activities. 1.7 Impalmient of fixed assets At each reporting end date, the charity rewews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the reuverable amount of the asset is estimated in order to determine the extent of the impairment loss (rf any). 1.8 Cash and cash equivalents Cash 2nd cash equivalents indude cash in hand, deposits held at Call with banks, other short-tem liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the ctharitys balance sheet when the tharity becomes paty to the ¢ontractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty simultaneously. 10-
WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Basic financial assets Basic financial assels, which indude debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently Carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a rnarket rate of interest. Financial assets classified as receivable within one year are not amoitised. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrumenl is measured at the present value of the fvture payments discounted at a market rate of interest. Finanaal liabilities dassified as payable within one year are not amortised. Debt inslruments are subsequently carried at amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or serwces that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as currenl liabilities if payment is due within one year or less. If not, they are presented as n0n-cuent liabiltties. Trade cxeditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognitlon of financial liabilities Financial liabilities are derecognised when the charitys contractual obligations explre or are discharged or cancelled. 1.10 Taxation The charity is recognised by HM Revenue & Customs as holding charitable status for tsxation purposes under the charity tax reference XR62671. As a sUIt there is no liability to taxation on any of its income. 1.11 Employee beneffts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temination beneffts are recognised immediately as an expense when the tharity is demonstrably committed to teminate the employment of an employee or to provrde temiination benefits. Critical accounting estimates and judgements In the application of the charity's accounting policaes, the Management Committee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historscal experien and other factors that are considered to be relevant. Actual results may dtffer from these estimates. The estimates and underfying assumptions are rewewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which Ihe estimate is rewsed where the revision affects only that period, or in the period of the revision and fvture periods where the remsion affects both current and future periods. 11
WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacies Unrestrictsd Unrestricted funds funds general general 2023 2022 Donations and gifts so 932 Charitable activities 2023 2022 Course fees Granl funding 5,360 205,714 5,561 169,903 211.074 175,464 Analysls by fund Unrestricted funds - general Restricted funds 7,198 203,876 10,934 164,530 211,074 175,464 Analysis of Grant funding DfC- Communty Investment Fund Dfc - Women's Centres Childcare Fund DEUESF Prosper Rank Foundation Dery City & Strabane District Council - CS Early Years Pathways BBC Children in Need CDHN- BCPP Rosa Smallwood Trust- Women Thrive Fund CFNI - Keadue Communty Grants Fund Other 53,023 46,168 7,521 32,000 4,000 13,000 10,500 14,400 43,908 32,910 7,236 4,000 13,000 10,000 18.000 13,840 27,009 25,102 205,714 169,903 12-
WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Investments Unrestricted Unrestricted funds funds general general 2023 2022 Interest receivable 68 15 Charitable activities 2023 2022 Staff costs Seminars, training and programme costs Staff and volunteer expenses 132,375 49.323 103,709 31,195 14 181,698 134,918 Share of support cosls (see note 7) Share of governance costs (see note 7) 20,967 2,220 21.615 2,223 204.885 158,756 Analysis by fund Unrestricted funds - general Restricted funds 7,662 197,223 12,417 146,339 204,885 158,756 13-
WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Govemance costs costs 2023 Support Govemance costs costs 2022 Depreciation Rent Power, water, heat and light Insurance Office and administration costs Repairs and maintenance Miscellaneous expenses 156 7,200 156 7,200 195 7,200 195 7,200 3.069 1,552 3,069 1,552 2,539 1,816 2,539 1,816 4,582 4,582 4,855 4,855 2,637 1,771 2,637 1,771 4,032 978 4,032 978 Accountancy fees AGM and Management Committee expenses 2,220 2,220 2.100 2,100 123 123 20,967 2,220 23,187 21,615 2,223 23,838 Analysed beeen Charitable activities 20,967 2,220 23,187 21,615 2,223 23,838 Management Committee None of the Management Committee (or any persons connected wth them) received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the year was: 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries 132,375 103,709 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from tsx on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 14-
WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Tangible fixed assets Fixtures and fittings Office equipment Creche equipm•nt Total Cost At 1 April 2022 2,953 2,194 14,691 At 31 March 2023 2,953 2,194 14,691 Depreciation and impairnient At 1 April 2022 Depreciation Charged in the year 2,703 50 9,030 103 2,179 13,912 156 At 31 March 2023 2,753 9,133 2,182 14,068 Carying amount At 31 March 2023 200 411 12 623 Al 31 March 2022 250 514 15 779 12 Debtors 2Q23 2022 Amounts falling due within one year Other debtors 8,321 2,637 13 Creditor3: amounts falling due within one year 2023 2022 Other creditors Accruals 416 4,599 3,636 5,015 3,636 15-
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WATERSIDE WOMEN'S CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Transfers between funds During the year there have been the following transfers between fijnds". £13,669 from restricted funds to unrestricted funds representing funding received for managemenl and administration, project evaluation and other core ¢osts that have been released from restricted funding into unrestricted general funds, and £10.000 from unrestricted fijnds to designated fvnds as reported at note 15. 18 Related party transaction$ There were no disclosable related paty transactions during the year {2022 - none). 18-