**Charity registration number SC046945 (Scotland)**
## **JUST BEE PRODUCTIONS**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **JUST BEE PRODUCTIONS**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
Trustees
SC046945 Charity number (Scotland) St Paul’s Church Principal address 118 Nethergate Dundee DD1 4EH
Independent examiner C.I.K. Accounting Solutions Chartered Certified Accountants DunEden Business Centre Harrison Road Dundee DD2 3SN
## **JUST BEE PRODUCTIONS**
## CONTENTS
**----- Start of picture text -----**
Page
Trustees’ report 1 - 3
4
Independent examiner’s report
5
Statement of financial activities
Balance sheet 6
7 - 15
Notes to the financial statements
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## **JUST BEE PRODUCTIONS**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 30 NOVEMBER**_ **2024**
## **Trustees’ Annual Report for the Year Ended 30th November 2024**
**Charity Name:** Just Bee Productions **Charity Number:** SC046045 **Address:** 118 Nethergate, Meadowside St Pauls, Dundee. DD1 4EH **Website :** www.justbeeproductions.co.uk
## _**1. Reference and Administrative Information**_
**Charity Name:** Just Bee Productions **Charity Number:** SC046045
**Address of Principal Office:** 118 Nethergate, Meadowside St Pauls, Dundee. DD1 4EH
**Trustees (as at 30/11/2024):**
**Independent Examiner:** , CIK Accounting Solutions Address: CIK Accounting Solutions DunEden Business Centre, 8 Harrison RoadDundeeDD2 3SN
## _**2. Structure, Governance and Management**_
Just Bee Productions is a Scottish Charitable Incorporated Organisation (SCIO) registered with OSCR. It is governed by its constitution adopted on 14th March 2023.
The charity is administered by a board of trustees, who are elected or appointed in accordance with the constitution. New trustees receive an induction and are given access to key policies and documents.
## _**3. Objectives and Activities**_
## **Charitable Purposes:**
As stated in our constitution, approved 2023 CONSTITUTION OF JUST BEE PRODUCTIONS SCIOJust Bee Productions exists for charitable purposes only, and in particular, the objects are:
To address poverty, health inequalities, food insecurity and mental health issues through a variety of engagement methods. To provide / organise recreational facilities and activities, with the object of improving the conditions of life for the persons for whom the activities are primarily intended (as defined in clause 6). This will be achieved by providing one to one support, advocacy, food parcels and counselling services as well as organising various groups
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## **JUST BEE PRODUCTIONS**
using creativity and the arts such as music, drama, and different methods of visual art and design as
a therapeutic method of learning and interaction which take place in a fun, affordable, inclusive, risk free environment and encourage participation, behaviour change and promote open honest communication in the hope that the beneficiaries will be encouraged to take up the pursuits which will ultimately lead to an improvement in health and wellbeing
The advancement of education. To achieve this these groups will cover numerous different areas of the arts, be accessible to people of all skill levels and abilities and will use professionals in their respective fields of the arts to provide tuition.
The advancement of the arts, heritage, culture or science. This will be achieved by capturing the outcomes of all group activities in forms such as performances of drama and music, displays of art and published literature of poems / short stories— e.g., promote arts engagement, support community wellbeing through performance, etc.].
## **Main Activities:**
During the year, the charity carried out the following activities in line with our purposes and 4 key priority areas:
- Sustained twice weekly Community Drop In Lunch
- Sustained access to 1-1 support 5 days per week at 118 Nethergate.
- Sustained our Volunteer Program
- Sustained our Community Cafe and Food Larder
- Expanded our free Launderette Service from 2.5 to 5 days per week.
- Expanded our free Counselling Service in partnership with Angus Carers
- Established PHD research partnership with University of Dundee
- Established our School Holiday programs for children and families.
- Established a new ASN support group for families
- Established weekly SMART Recovery Meetings
- Sustained existing weekly group activities such as Life After Loss Bereavement Group, Men’s Group, Women’s Group, Art Class, Jewellery Class, Guitar Class, Parent & Toddler Group, Drama Group, Singing Group
- Sustained seasonal Guided Cycle Ride groups and Festive Programming
- Provided Mental Health and Suicide Prevention Training to other organisations
## _**4. Achievements and Performance**_
Over the course of the year Just Bee achieved the following:
- Provided a total of 25,778 in person engagements
- Provided 1,604 x 1-1 support sessions
- Provided 645 group activities
- Provided 13,386 food insecurity interventions
- Welcomed 42 x placements (Volunteering, Education & Employment)
- ‘Just Sew’ was successfully launched.
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## **JUST BEE PRODUCTIONS**
- Hosted event for National Collaborative -Draft Charter of Rights for People Impacted by Substance Abuse
- Launched ‘Just Speak’ mental health podcast series on YouTube
One key highlight this year was the launch of our first ‘Self Care Day’ to celebrate recovery in September 2024.
We faced challenges such as:
- **Staff turnover;** some key colleagues moved on to other opportunities with our best wishes. Replacing their experience has taken some time but the staffing structure is now really strong.
- **Third Sector Funding** : challenges across the sector and the region with local budget cuts impacting ourselves and valued partner organisations.
- **Unrestricted Reserves** : Although the charity is in a strong financial position, it is difficult to procure unrestricted reserves.
- **Future Profiting Activities** : it can be challenging to sustain participatory projects beyond the initial funding period however Just Bee has continued to take steps toward maintaining the projects that are most
## _**5. Financial Review**_
**Overview:** The charity received total income of £279,423 during the year, comprising [e.g., grants, donations, ticket sales]. Expenditure totalled £241,613 primarily on project delivery costs, materials, and venue hire. There have been 24 sources of grant funding utilised in 2024.
**Reserves Policy:** The trustees aim to maintain reserves sufficient to cover at least 3 months of core running
costs, ensuring sustainability.
**Going Concern:** The charity remains financially stable and trustees consider the organisation to be a going concern.
## _**6. Plans for the Future**_
In the coming year, Just Bee Productions plans to:
- Procure core funding to strengthen organisational capacity
- Maintain current levels of service provision
- Retain the current staff structure
- Expand counselling service to increase capacity
- Achieve medium term stability, consolidating and refining our overall service
- Explore cafe growth potential for additional revenue generationWe remain committed to providing support to those who need it most, and helping beneficiaries address various issues. We also remain committed to using the creative arts to positively impact lives and strengthen communities.
## _**7. Declaration**_
The trustees declare that they have approved the above report and it is signed on their behalf by:
**Signature**
**Name Position:** Chair of Trustees **Date:** 1/07/2025
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## **JUST BEE PRODUCTIONS**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF JUST BEE PRODUCTIONS**
I report on the financial statements of the Charity for the year ended 30 November 2024, which are set out on pages 5 to16.
## **Respective responsibilities of Trustees and examiner**
The Charity’s Trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity’s Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination is carried out in accordance with 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.
## **Independent examiner’s statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- (ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;
have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
**Independent Examiner**
C.I.K. Accounting Solutions Chartered Certified Accountants DunEden Business Centre Harrison Road Dundee DD2 3SN
Dated: 01 July 2025
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## **JUST BEE PRODUCTIONS**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024**
|Current financial year
Notes
Income and endowments from:
Donations and legacies
3
Grants and subsidies received
3
Charitable activities
4
Rental Income
5
Total income
**Expenditure on:**
Charitable activities
6
Net (expenditure)/income for the year/
**Net movement in funds**
Fund balances at 1 December 2023
Fund balances at 30 November 2024|Unrestricted
funds
Restricted
funds
2024
2024
6,423
9,272
223,254
36,311
4,163|Total
2024
6,423
232,526
36,311
4,163
279,423
241,613
37,810
256,438
294,248|Total
2023
**£**
11,583
342,202
7,583
3,625|
|---|---|---|---|
||56,169
223,254
52,671
188,942
3,498
34,312
10,073
246,365
13,571
280,677||364,993|
||||254,185|
||||110,808
145,630|
||||256,438|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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## **JUST BEE PRODUCTIONS**
## **BALANCE SHEET**
## _**AS AT 30 NOVEMBER 2024**_
|**Notes**
**Fixed assets**
Tangibleassets
**10**
**Current assets**
Stocks
**11**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**15**
**Net assets**
**Income funds**
Restricted funds
**17**
Unrestricted funds|**2024**
6,141
832
3,748
356,402
360,982
(72,875)
288,107
294,248
-
294,248
280,677
13,571
294,248|**2023**
**£**
**£**
5,656
800
1,200
265,764
267,764
(16,982)
250,782
256,438
-
256,438
246,365
10,073
256,438|**2023**
**£**
**£**
5,656
800
1,200
265,764
267,764
(16,982)
250,782
256,438
-
256,438
246,365
10,073
256,438|
|---|---|---|---|
|||||
|||||
|||||
The financial statements were approved by the Trustees on 01 July 2025
Chair of Trustees
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## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
Just Bee Productions is a Scottish charitable incorporated organisation (charity number SC046945).
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity’s constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicableto 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). The Charity is a Public Benefit Entity 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 currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by 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.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. 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 receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 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 ofthe obligation can be measured reliably.
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## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
- **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Equipment - 20% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the Charity reviews 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 recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 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 Charity's balance sheet when the Charity becomes party to the contractual 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 set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial**_ **assets**
Basic financial assets, which include 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 market rate of interest. Financial assets classified as receivable within one year are not amortised.
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## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **Derecognition** _**of financial liabilities**_
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
## 1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the Charity’s accounting policies, the Trustees 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 historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the **revision** affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **Critical judgements**
## **Depreciation**
Depreciation is considered to be an accounting estimate. The estimate is based on the useful life of the asset held. Depreciation policies are set by the Trustees and have been applied consistently throughout the years. The calculation of depreciation is not deemed to be complex in nature or unduly influenced by trustees. On our review of the poIicies,they were deemed to be both reasonable and adequate.
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## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **3 Donations and legacies**
|Donations and gifts
Grants|**Unrestricted**
**Restricted**
**Total**
Unrestricted
Restricted
Total
**funds**
**funds**
funds
funds
2024
2024
2024
2023
2023
2023
**£**
**£**
**£**
£
£
£
6,423
6,423
11,583
-
11,583
9,272
223,254
232,526
7,242
334,960
343,202|
|---|---|
||15,695
223,254
238,949
18,825
334,960
353,785|
## **Charitable activities**
|Restaurant sales - unrestricted
Projects, Events, Training and Workshops income - unrestricted|**Charitable**
**Income**
**Charitable**
**Income**
2024
**£**
2023
**£**
10,928
4,822
25,383
2,761
**36,311**
**7,583**|**Charitable**
**Income**
**Charitable**
**Income**
2024
**£**
2023
**£**
10,928
4,822
25,383
2,761
**36,311**
**7,583**|
|---|---|---|
|||**7,583**|
## **5 Rental income**
|Rental income - unrestricted|**2024**
**£**
4,163
4,163|**Total**
**2023**
**£**
3,625|
|---|---|---|
|||3,625|
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## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **6 Charitable activities**
|Staff costs
Staff welfare and expenses
Temporary staff
Depreciation
Participant crisis funding/ food insecurity
Freelance workshops
Rent & rates
Insurance
Repairs & maintenance
Waste disposal
Cafe expenses
Postage, stationery & advertising
Telecommunications
Professional fees
Membership fees
Training seminars
Travel & subsistence expenses
Computer software, consumables & maintenance
Interest and charges
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2024**
**£**
161,166
1,292
7,388
1,535
14,189
24,594
9,710
351
709
1,069
7,232
587
469
3,838
757
2,570
271
958
48
**238,733**
2,880
**241,613**
52,671
188,942
**241,613**|**2023**
**£**
181,093
3,589
2,688
1,414
14,634
15,485
9,680
170
3,596
1,352
6,231
1,422
103
1,892
544
4,513
1,796
978
125|
|---|---|---|
|||**251,305**
2,880|
|||**254,185**|
|||37,248
216,937|
|||**254,185**|
- 11
## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
|**7**
**Support costs**
**Support**
**costs**
**£**
**Governance**
**costs**
**£**
Accountancy
3,838
2,880
3,838
2,880
Analysed between
Charitableactivities
3,838
2,880|2024
**£**
6,718
6,718
6,718|2023
**£**
4,772|
|---|---|---|
|||4,772|
|||4,772|
Governance costs include payments to the Charity's independent examiner of £2,880 for independent examination of the Charity's annual accounts.
## **Trustees**
During the year, no Trustee received any remuneration or other benefits. During the year, no Trustee expenses were incurred.
## **9 Employees**
The average monthly number of employees during the year was:
||2024|2023|
|---|---|---|
||**Number**|**Number**|
||7|9|
|Employment costs|2024
**£**|2023
**£**|
|Wages and salaries|152,147|171,705|
|Social security costs|5,405|5,631|
|Defined contribution pension costs|3,614|3,757|
||161,166|181,093|
There were no employees whose annual remuneration was more than £60,000.
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## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
|**10**
**Tangible fixed assets**
**Cost**
At 1 December 2023
Additions in the year
At 30 November 2024
**Depreciation and impairment**
At 1 December 2023
Depreciation charged in the year
At 30 November 2024
**Carrying amount**
At 30 November 2024
At 30 November 2023
**11**
**Stocks**
Finished goods and goods for resale
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments
Accrued Income|**Equipment**
**£**
7,070
2,021
9,091
1,414
1,536
2,950
**6,141**
5,656
2024
**£**
832
2024
**£**
1,060
358
2,330
**3,748**|**Total**
**£**
7,070
2,021
9,091
1,414
1,536
2,950
**6,141**
5,656
2023
**£**
800
2023
**£**
1,200
-
-
**1,200**|
|---|---|---|
- 13
## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
|**13**
**Loans and overdrafts**
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments
**14**
**Creditors: amounts falling due within one year**
Notes
Bank loans
**13**
Other taxation and social security
Deferredincome
**16**
Pension creditor
Trade creditors
Accruals
**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**13**
**16**
**Deferred income**
The Corra Foundation grants
TNL Grant
Robertson grant
Hillcrest grant
Other grants||2024
**£**
-
-
-
-
2024
-
2,763
68,546
677
287
602
72,875
2024
-
-
2024
**£**
49,657
5,639
2,250
5,000
6,000
**68,546**|2023
**£**
-|
|---|---|---|---|
||||-
-|
||||-|
||||2023
-
8,347
-
643
112
7,880|
||||16,982|
||||2023
-
-|
||||2023
**£**
-
-
-
-
-|
||||-|
- 14
## **JUST BEE PRODUCTIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **17 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|Grants|**Balance at**
**01-dec**
**2022**
**£**
128,342
128,342|**Incoming**
**resources**
**£**
334,960
334,960|**Resources**
**expended**
**£**
(216,937)
(216,937)|**Movement in funds**
**Balance at**
**Incoming**
**01-dec**
**resources**
**2023**
**£**
**£**
246,365
223,254
246,365
223,254|**Resources**
**Balance at**
**expended**
**01-dec-**
**£**
**2024**
**£**
(188,942)
280,677
(188,942)
280,677|
|---|---|---|---|---|---|
## **Purpose of Restricted Funds**
Just Bee is predominantly supported by grant income. These grants are obtained via application processes which each have their own stipulations. For example, 'core funding' is generally restricted to be used exclusively to meet the costs of staffing, rent and rates and other operational overheads. Core costs represent the majority of the charity's expenditure. 'Project funding' allows the charity to deliver specific services, for example the implementation of our launderette service and our on site counselling service. These projects are also contingent on specific predetermined budget expenditure such as contributions to staffing, rental agreements for launderette equipment, materials, volunteer costs etc. It is very rare that the charity receives unrestricted funds via grant application processes however this can happen from time to time.
Unrestricted funds are generally the result of individual donations as well ahs our own fundraising efforts such as hosting ticketed events, selling food through the community cafe project and selling products created at our sewing group.
## **18 Analysis of net assets between funds**
|Fund balances at 30 November
2024 are represented by:
Tangible assets
Current assets/(liabilities)
Long term liabilities|**Unrestricted**
**funds**
2024
**£**
-
13,571|**Restricted**
**funds**
2024
**£**
6,141
274,536
**280,677**|**Total**
2024
**£**
6,141
288,107
**294,248**|Unrestricted
funds
2023
£
9,081
-
**9,081**|Restricted
funds
2023
£
5,656
241,701
-
**247,357**|Total
2023
£
5,656
250,782
-|
|---|---|---|---|---|---|---|
||**13,571**|||||**256,438**|
## **19 Related party transactions**
## **Remuneration of key management personnel**
The remuneration of key management personnel is as follows.
Total remuneration
|**2024**|**2023**|
|---|---|
|**£**|**£**|
|79,450|62,958|
- 15