## **One World Shop**
**(Limited by Guarantee)**
**Report and Financial Statements For the year ended**
**31 March 2026**
**Company Number: SC096025 Charity Number: SC003072**
## **One World Shop**
## **Report and Financial Statements For the Year Ended 31 March 2026**
|**_Contents_**|**Pages**|
|---|---|
|Trustees’ Annual Report|2 – 5|
|(including Reference & Administrative Information)||
|Report of the Independent Examiner|6|
|Statement of Financial Activities|7|
|(including Income & Expenditure Account)||
|Statement of Financial Position|8|
|(including Balance Sheet)||
|Notes to the Financial Statements|9 - 16|
- 1 -
## **One World Shop**
## **Trustees’ Annual Report For the Year Ended 31 March 2026**
The trustees of One World Shop, who for the purposes of company law are the directors of the company, are pleased to present their report and the financial statements for the year ended 31 March 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## _**Objectives & Activities**_
The charity’s objects are:
- the relief of poverty, particularly in developing countries through fair and ethical trade
- the advancement of environmental improvement through the promotion of sustainable development, both here and in developing countries
The company's principal activity during the year was the running of fair trade shops in Edinburgh, focused on offering goods from developing countries, with the object of promoting fair trading relationships and encouraging co-operative development in order to create employment and relieve poverty. This primary purpose trading activity is recognised as charitable by HMRC. In parallel with the trading activity, the company has an educational objective to promote fair trade and related development issues, and an environmental objective to promote sustainable development.
## _**Achievements & Performance**_
The One World Shop has had a positive year of both progress and challenge in a difficult trading environment. Rising costs, ongoing economic uncertainty, the impact of growing international conflicts and climate change, all place pressure on Fair Trade global producers and on shop customers. These circumstances reinforce the need for strong ethical and sustainable trading practices.
Despite the challenging context, the Shop achieved a 7.9% increase in turnover (to £356,027) compared to the previous year, encompassing both shop and online sales. This growth contributed to a surplus of £12,049 for the financial year.
Online sales fell by 9.4% year on year, despite several new initiatives developed to enhance the customer experience and search-function. Online continues to be a challenging environment for Fair Trade shops. More work is planned in the coming year to uplift the Shop's online profile.
During the reporting period, the Shop helped host and organise several outreach events, furthering its charitable objective to raise awareness of Fair Trade:
- Shop Stall at the Shared Earth Members Meeting, May 2025, Edinburgh
- The International Fairtrade Towns Conference in August 2025, a 3-day event at Edinburgh University with 250 delegates, many from overseas.
- Shop Stall at SIDA Annual Conference, September 2025, Edinburgh
- In shop Author’s event, “10 Years of Unpicking” by Jennifer Futter, October 2025
- 2 -
## **One World Shop**
## **Trustees’ Annual Report (continued)**
## **Communications and Community Engagement**
The Shop maintained active involvement in key networks including:
- Scottish Fair Trade
- Edinburgh Fairtrade City Initiative
- The British Association of Fair Trade Shops & Suppliers
- Edinburgh Volunteer Centre
- Scottish Council for Voluntary Organisations (SCVO)
- Social Enterprise Scotland (SES)
- Scottish International Development Alliance (SIDA)
## **Direct Trade and Supplier Relations**
Supporting and developing closer links with our Fair Trade producers remains at the heart of everything the Shop does. The Shop continues to have ongoing trading relationships with suppliers in Bangladesh, Malawi, Kenya and Guatemala. These partnerships are intended to strengthen livelihoods and ensure greater traceability, transparency and impact.
## _**Financial Review**_
Details of income and expenditure for the year are shown in the Statement of Financial Activities on page 7 with further details in the notes to the accounts. During the year, there was a net increase in funds of £12,049.
Income from sales increased to £356,027 (2025: £330,078).
Expenditure during the year amounted to £347,448 (2025: £329,591). Details of the expenditure are shown in note 3 on pages 11-12. Most of the expenditure relates to cost of goods sold, which increased in line with increased turnover, and staff costs which increased during the year.
The charity held total funds of £157,453 at the year end. A designated fund is held for fixed assets, with a balance of £10,817. The balance of £146,636 is held in the general fund and represents the charity’s free reserves.
## _Reserves policy_
The trustees aim to hold reserves equivalent to 6 months’ operating expenditure, excluding stock cost. At the year end, the free reserves held were £146,636, which is equivalent to between 10 and 11 months’ expenditure based on the forward budget. The trustees are satisfied the level of reserves will help deal with continuing uncertainties around trading conditions and give the trustees the ability to continue investing in online presence and marketing to further develop and increase sales through that platform. In the coming year, the trustees will be considering the most appropriate use of any excess reserves.
- 3 -
## **One World Shop**
## **Trustees’ Annual Report (continued)**
## _**Structure, Governance and Management**_
One World Shop is registered as a Scottish charity and is a company limited by guarantee, with the liability of the members limited to £5 each. The company is governed by the terms of its Memorandum and Articles of Association, which were agreed on incorporation on 18 November 1985 and were most recently revised in June 2021.
Members of the Management Committee (the trustees of the charity and directors of the company) are appointed from the members at the Annual General Meeting (AGM) and may also be co-opted at any time during the year, subject to election by the members at the subsequent AGM. The names of those who served as members of the Management Committee during the year are shown on page 5.
Members of the Management Committee receive training in their role as required, including annual away-days with the staff to review business strategy. Day to day operations are delegated to the staff, under direction of the Business Manager.
Further reference and administrative information is shown below.
## _Risk management_
The Management Committee have considered the major risks affecting the business of the company, including inflation and the Cost-of-Living crisis in a high street retail environment which continues to be challenging.
Work on expanding the shop’s online capacity has increased during the year, and other measures are being considered to mitigate those risks.
## _**Reference & Administrative Information**_
_**Charity Name:**_ One World Shop _**Company registration:**_ SC096025 Company Limited by Guarantee _**Charity registration:**_ Scottish Charity SC003072 _**Registered office:**_ One World Shop St John’s Church Princes Street Edinburgh EH2 4BJ
- 4 -
One World Shop
Trustees, Annual Report (continued)
Trustees & Directors
Those serving as trustees and company directiyrs at the date of thi8 report are:
Sarah Burns
Russell Figgis
Christopher Horton
Carolyn Thurslon Smith
Chair
The following also served as tnjstees during the year.
Roisin Booth
David Cousland
Resigned 5 January 2026
Resigned 18 November 2025
Company Secretary..
Rachel Farey
Bankers..
R8S
142-144 Princes Street
Edinburgh
EH2 4EQ
Indendent Examlner."
Paul M. Clelland C.A.
Paul Clelland Accountancy
74 Norse Road
Glasgow
G14 9EF
Small Company Pmvlsions
This report has been prepared taking advantage of the small companies, exemption of section 415A of the
Companies Act 2(X)6.
By Order of the Board
Signed:
C Iflè
Date:
46lu
Name:
Director
Company Registration Number: SC09602S
Report of the Independent Examiner
To the Trustees of One World Shop
I report on the accounts of One Wodd Shop for the year ended 31 March 2026. which are set out on pages 7 to
16.
Re$pe¢tlve responsibilities of trustees and examiner
The directors, as Iruslees of the charity. are responsible for the preparation of the accounts in accordance with the
lemis of the Charities and Trustee Investment Iscollandl Act 2005 {the 2005 Act) and the Charities Accounts
{Scotlandl Regulations 2006, as amended Ithe 2006 Accounts Regulalions}. They consider that the audit
requirement of Regulation 10{11 lal to Icl of the 2(106 Accounts Regulations does not apply. 11 is my responsibility
lo examine the accounts as required under section 44{11 Icl of the 2005 Act and lo stste whether particular matters
have come to my attention.
Basis of independent examinerfs statemenl
My examination is carried out in accordance wrth Regulation 11 of the 2006 Accounts Regulations. An examination
includes a review of the accounting records kept by the charity and a comparison of the accounts presented with
those records. It also includes considerats.on of any unusual items or disclosures in the aOuntS, and seeks
explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit. and consequenty I do not express an audit opinion on the view given
by the accounts.
Independent examiner'5 Statement
In the course of my 8xamination. no matter has come to my attention..
which gives me reasonable cause to believe that in any material respect the requirements:
lo keep accounting records in accordance with Section 44111 {al of the 2005 Act and Regulation 4 of
the 2006 Accounts Regulations. and
lo prepare accounts which accord with Ihe accounting ordS and comply with Regulation 8 of the
2006 Accounts Regulations
have not been met, or
to which, in my opinion. attention should be drawn in order to enable a proper understanding of the
accounts lo be reached.
Paul M Clelland CA
Date:
Member of the Institute of Chartered Accountants of Scouand
Paul Clell8nd Accountsncy
74 Norse Road
Glasgow
G14 9EF
## **One World Shop**
## **Statement of Financial Activities ( including Income and Expenditure Account )**
## **For the Year Ended 31 March 2026**
|**Note**
**Income from:**
**_Donations_**
**2**
Grants & donations
**_Charitable activities_**
Turnover from sales of fair trade goods
**_Investments_**
Dividends
Bank interest
**Total income**
**Expenditure on:**
**_Charitable activities:_**
Costs of charitable trading
Staff costs
Occupancy costs
Shop overheads
Administrative costs
Other costs
**Total expenditure**
**3**
**Net income / (expenditure) before gains on investments**
**Gains on investments**
**Net income / (expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Funds brought forward
**Funds carried forward**|**Total**
**2026**
**£**
**1,439**
**356,027**
**23**
**2,004**
**359,493**
**189,934**
**108,514**
**15,842**
**9,163**
**17,539**
**6,456**
**347,448**
**12,045**
**4**
**12,049**
**12,049**
**145,404**
**157,453**|**Total**
**2025**
**£**
3,107
330,078
-
1,038
334,223
174,136
111,834
14,989
8,821
14,500
5,311
329,591
4,632
-
4,632
4,632
140,772
145,404|
|---|---|---|
The above statement includes all gains and losses recognised during the year.
All income and expenditure in the current and previous years relates to the charity's unrestricted funds.
The notes on pages 9 to 16 form part of these financial statements.
- 7 -
One World Shop
Statement of Financial Position ( including Balance Sheet ) at 31 March 2026
Not•
2026
2025
Fixed Assets
Tangible assets
Programme related inve5trnents
10,817
277
11.094
12,473
273
12,746
Current Assets
Stock of goods for resale
Debtors
Cash at bank and in hand
25.956
6.465
136.818
169.239
25,940
8,248
121.352
155,540
Creditors:
Amounts falling due within one year
22.718
22,561
Not Curront Assets
146,521
132,979
Total Assets less Current Llabllltles
157.615
145,725
Creditors:
Amounts falling due after more than one year
Tolal Net Assets
162
321
157.453
145,404
Funds:
Unr•strfctsd funds:
General fund
Fixed assets fund
Total Funds
13
13
146.636
10,817
157.453
132,931
12,473
145,404
For the year ended 31 March 2026 the company was entitled to exemptson from an audit under
sections 475 and 477 of the Companies Act 2006 llhe Acr) relatsng to small companies.
The members have not required the company io obtsin an audii of its accounts for the year in question
in accordance with section 476 of Ihe Act.
The directors acknowledge their responsibiltties for complwng wlh the requirements of the Act with
respect to accounting records and Ihe preparation of accounts.
These accounts have been prepared in a¢dance vAth the prowSn$ applicable lo companies
subject lo the small companies, regime.
Approved by the Board and authorised for Issue
Signed:
Name:
C Vcfio
Director
Dato:
The noles on pages 9 10 16 form part of these financial statements.
## **One World Shop**
## **Notes to the Financial Statements for the Year Ended 31 March 2026**
## **1. Accounting Policies**
## _**Basis of Accounting**_
The financial statements have been prepared on the historical cost basis and in accordance with the requirements of:
- the Companies Act 2006
- Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 (Charities SORP (FRS102)); and
- the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
The charity constitutes a public benefit entity as defined by FRS102.
The Trustees consider that there are no material uncertainties about the ability of the charity to continue as a going concern for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.
## _**Income**_
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income received by way of grants and donations is included in full in the Statement of Financial Activities when receivable. Where entitlement is conditional on the delivery of a specific performance by the charity, grants are recognised when the charity earns the right to consideration by its performance. Where a grant or donation is given for a specific purpose, it is included in restricted income and any unexpended portion is carried forward as a restricted fund.
Income from commercial trading activities is recognised as earned (as the related goods and services are provided). It is stated after trade discounts and is net of VAT where applicable.
## _**Expenditure**_
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. The charity has opted not to report on the activity basis. Expenditure is instead reported by cost type.
Commitments paid in respect of operating leases are recognised on a straight line basis over the lease term.
## _**Tangible Fixed Assets and Depreciation**_
Tangible fixed assets are capitalised and are stated at cost less accumulated depreciation, which is provided to write off the cost of the assets over their estimated useful lives, as follows:
Tenant's improvements 10 years straight line Office equipment 4 years straight line Fixtures & fittings 5 years straight line
- 9 -
## **One World Shop Notes to the Financial Statements (continued)**
## **1. Accounting Policies (continued)**
## _**Programme Related Investments**_
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing bid price or trading price. The Statement of Financial Activities includes the net gains, losses and impairment arising on revaluation and disposals throughout the year.
All investments held by the charity are programme related. Any losses on investment value are treated as impairment and charged to expenditure. Gains are taken to the Statement of Financial Activities either to reverse previous impairment, or as unrealised or realised gains.
## _**Stocks**_
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the average cost method.
## _**Other Basic Financial Instruments**_
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## _**Taxation**_
The company is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. No charge to corporation tax arose during the year. The charity is registered for VAT. All items in the accounts are included net of applicable VAT.
## _**Pensions**_
The company makes pension contributions to three defined contribution pension schemes for its employees. Contributions are charged to expenditure as they become payable.
The company has an employee who was formerly a member of a multi-employer defined benefit scheme with TPT Retirement Solutions. The company makes ongoing contributions towards their share of the scheme deficit, in accordance with guidance from the scheme administrators. Further information is contained in Note 11 to the accounts.
## _**Funds**_
Funds are classified as either restricted funds or unrestricted funds, defined as follows:
_**Restricted funds**_ are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.
_**Unrestricted funds**_ are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
- 10 -
## **One World Shop**
## **Notes to the Financial Statements (continued)**
|**2. Grants & donations**
Donations including gift aid
Memberships & subscriptions
**Total grants & donations**|**Total**
**2026**
**£**
**547**
**892**
**1,439**|**Total**
**2025**
**£**
2,209
898
3,107|
|---|---|---|
All grants and donations in the prior year related to unrestricted funds.
Donations above include a total of £60 donated by trustees during the year (2025: £60).
|**3. Expenditure**
_Costs of charitable trading_
Opening stock
Purchases
Closing stock
Staff costs
Occupancy costs
Shop overheads
Administrative costs
Other costs
**Total expenditure**|**£**
**25,940**
**189,950**
**(25,956)**
**189,934**
**108,514**
**15,842**
**9,163**
**17,539**
**6,456**
**347,448**|**£**
28,484
171,592
(25,940)
174,136
111,834
14,989
8,821
14,500
5,311
329,591|
|---|---|---|
All expenditure in the prior year related to unrestricted funds.
|_Expenditure includes:_
**_Governance costs:_**
Independent examiner's remuneration:
for independent examination
for other services
Operating lease payments
Employer's pension contributions
**_Analysis of Staff costs_**
Gross salaries
Social Security costs
Pension costs - regular|**£**
**1,020**
**-**
**1,020**
**13,939**
**6,260**
**£**
**101,998**
**256**
**6,260**
**108,514**|**£**
975
100
1,075
11,987
7,799
**£**
101,446
2,589
7,799
111,834|
|---|---|---|
- 11 -
## **One World Shop Notes to the Financial Statements (continued)**
## **3. Expenditure (continued)**
The average number of staff employed directly during the year, on a headcount basis, was 6 (2025: 8).
The total amount of employee benefits, including employer national insurance and pension contributions, paid in respect of key management personnel was £65,796 (2025: £64,003). No employee had emoluments of more than £60,000.
## **4. Transactions with Trustees and Related Parties**
No travel or other expenses were reimbursed to any trustees in the current or previous years.
Chris Horton, a trustee, was paid £5,280 (2025: £5,280) for providing accountancy services to the charity.
|**5. Tangible Fixed Assets**
_Cost_
At 1 April 2025
Additions
At 31 March 2026
_Depreciation_
At 1 April 2025
Charge for the year
At 31 March 2026
_Net Book Value_
**At 31 March 2026**
At 31 March 2025
**6. Programme related investments**
Market value at 1 April
Unrealised (losses) / gains
Market value at 31 March|**Tenant's**
**improve-**
**ments**
**£**
31,908
-
31,908
22,302
3,192
25,494
**6,414**
9,606|**Office**
**equipment**
**£**
5,485
3,098
8,583
3,213
1,696
4,909
**3,674**
2,272|**Fixtures &**
**fittings**
**£**
15,812
536
16,348
15,217
402
15,619
**729**
595
**2026**
**£**
**273**
**4**
**277**|**Total**
**£**
**53,205**
**3,634**
**56,839**
**40,732**
**5,290**
**46,022**
**10,817**
12,473
**2025**
**£**
279
(6)
273|
|---|---|---|---|---|
The closing market value of programme related investments is made up of investments in the following organisations:
|Shared Interest Society Ltd
Triodos Bank NV|**225**
**52**
**277**|225
48
273|
|---|---|---|
- 12 -
## **One World Shop**
## **Notes to the Financial Statements (continued)**
|**7. **|**Debtors**|**2026**|**2025**|
|---|---|---|---|
|||**£**|**£**|
||_Amounts due within one year:_|||
||Trade debtors|**-**|360|
||Accrued income|**317**|1,102|
||Prepayments and other debtors|**6,148**|6,786|
|||**6,465**|8,248|
|**8. **|**Creditors: amounts falling due within one year**|||
||Trade creditors|**£**
**11,185**|**£**
11,850|
||VAT payable|**1,995**|2,491|
||Other tax & social security|**1,524**|998|
||Provision for pension deficit funding obligation (see note 11)|**178**|178|
||Accruals and other creditors|**7,836**|7,044|
|||**22,718**|22,561|
|**9. **|**Creditors: amounts falling due after more than one year**|||
||Provision for pension deficit funding obligation (see note 11)|**£**
**162**|**£**
321|
|||**162**|321|
|**10. **|**Operating Lease Commitment**|||
||At the balance sheet date, the charity had future minimum payments under non-cancellable||operating|
||leases for premises and equipment as follows:|||
||Payable in less than one year|**£**
**1,536**|**£**
1,508|
||Payable between one and five years|**2,304**|3,770|
|||**3,840**|5,278|
## **10. Operating Lease Commitment**
- 13 -
## **One World Shop Notes to the Financial Statements (continued)**
## **11. Pension Commitments**
The company has one employee who was formerly a member of TPT Retirement Solutions Growth Plan 3 ("the Plan"), a multi-employer scheme which provides benefits to some 521 non-associated participating employers. This scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out at 30 September 2023. This valuation showed assets of £514.9m, liabilities of £531.0m and a deficit of £16.1m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:
_Deficit contributions_ From 1 April 2025 to 31 March 2028:
£2,100,000 per (payable monthly) annum
Unless a concession has been agreed with the Trustee the term to 31 March 2028 applies.
Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:
_Deficit contributions_ From 1 April 2022 to 31 January 2025: £3,312,000 per (payable monthly) annum
The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.
- 14 -
## **One World Shop Notes to the Financial Statements (continued)**
## **11. Pension Commitments (cont.)**
|_Present value of provision_
Present value of provision
_Reconciliation of opening and closing provisions_
Provision at start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Remeasurements - amendmends to the contribution schedule
_Assumptions_
Rate of discount|**31/3/26**
**£**
**499**
**£**
**499**
**19**
**(178)**
**-**
**-**
**340**
**31/3/26**
**%**
**4.92**|**31/3/25**
**£**
499
**£**
215
6
(219)
3
494
499
**31/3/25**
**%**
4.84|
|---|---|---|
The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.
|**12. Movement in Funds**
**Unrestricted funds:**
Designated Fixed Assets fund
(a)
General fund
Total unrestricted funds
**Total funds**|**At**
**01/04/25**
12,473
132,931
145,404
145,404|**Income**
**Expenditure **
**& gains**
**& losses**
-
(5,290)
359,497
(342,158)
359,497
(347,448)
359,497
(347,448)
**Movement in Funds**|**Transfers**
3,634
(3,634)
-
-|**At**
**31/03/26**
**10,817**
**146,636**
**157,453**
**157,453**|
|---|---|---|---|---|
## **Note:**
## _**Purpose of Designated Fund:**_
(a) Designated fixed assets fund: This fund corresponds to the net book value of fixed assets. Annual depreciation is charged to this fund and the cost of any fixed assets purchased is transferred into the fund.
- 15 -
## **One World Shop**
## **Notes to the Financial Statements (continued)**
|**13. Analysis of Net Assets between Funds**
Tangible fixed assets
Programme-related investments
Stock
Debtors
Cash on deposit, at bank & in hand
Creditors due within one year
Creditors due in more than one year
**Net assets at 31 March 2026**
**14. Movement in Funds - Prior Year**
**At**
**01/04/24**
**Unrestricted funds:**
Designated Fixed Assets fund
14,620
General fund
126,152
Total unrestricted funds
140,772
**Total funds**
141,492
**15. Analysis of Net Assets between Funds - Prior Year**
Tangible fixed assets
Programme-related investments
Stock
Debtors
Cash on deposit, at bank & in hand
Creditors due within one year
Creditors due in more than one year
**Net assets at 31 March 2025**|**Unrestricted Funds**
**General**
**Designated**
**£**
**£**
-
10,817
277
-
25,956
-
6,465
-
136,818
-
(22,718)
-
(162)
-
146,636
10,817
**Income**
**Expenditure Transfers**
**& gains**
**& losses**
-
(4,745)
2,598
334,223
(324,846)
(2,598)
334,223
(329,591)
-
334,223
(329,591)
-
**Unrestricted Funds**
**General**
**Designated**
**£**
**£**
-
12,473
273
-
25,940
-
8,248
-
121,352
-
(22,561)
-
(321)
-
132,931
12,473
**Movement in Funds**|**Total**
**Funds**
**£**
**10,817**
**277**
**25,956**
**6,465**
**136,818**
**(22,718)**
**(162)**
**157,453**
**At**
**31/03/25**
**12,473**
**132,931**
**145,404**
**145,404**
**Total**
**Funds**
**£**
**12,473**
**273**
**25,940**
**8,248**
**121,352**
**(22,561)**
**(321)**
**145,404**|
|---|---|---|
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