IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY Mr G W Guilliatt Ms S A Robinson Ms S Gahlings Mr C R Selby Mr S Ball FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true false true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050513452022-03-31050513452023-03-31050513452022-04-012023-03-31050513452021-03-31050513452021-04-012022-03-31050513452022-03-3105051345ns22:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3105051345ns15:PoundSterling2022-04-012023-03-3105051345ns22:Trustee22022-04-012023-03-3105051345ns22:Trustee32022-04-012023-03-3105051345ns22:Trustee12022-04-012023-03-3105051345ns22:Trustee42022-04-012023-03-3105051345ns22:Trustee52022-04-012023-03-3105051345ns11:FRS1022022-04-012023-03-3105051345ns11:IndependentExaminationCharity2022-04-012023-03-3105051345ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3105051345ns11:FullAccounts2022-04-012023-03-3105051345ns11:CharitiesSORP2022-04-012023-03-310505134522022-04-012023-03-3105051345ns16:EnglandWales2022-04-012023-03-3105051345ns11:RegisteredOffice2022-04-012023-03-3105051345ns11:CompanySecretary12022-04-012023-03-3105051345ns22:Activity82022-04-012023-03-3105051345ns22:TotalUnrestrictedFundsns22:Activity82022-04-012023-03-3105051345ns22:Activity8ns22:TotalRestrictedIncomeFunds2022-04-012023-03-3105051345ns22:Activity82021-04-012022-03-3105051345ns22:Activity102022-04-012023-03-3105051345ns22:Activity10ns22:TotalUnrestrictedFunds2022-04-012023-03-3105051345ns22:Activity10ns22:TotalRestrictedIncomeFunds2022-04-012023-03-3105051345ns22:Activity102021-04-012022-03-3105051345ns22:TotalUnrestrictedFunds2022-04-012023-03-3105051345ns22:TotalRestrictedIncomeFunds2022-04-012023-03-3105051345ns22:Activity132022-04-012023-03-3105051345ns22:Activity13ns22:TotalUnrestrictedFunds2022-04-012023-03-3105051345ns22:Activity13ns22:TotalRestrictedIncomeFunds2022-04-012023-03-3105051345ns22:Activity132021-04-012022-03-3105051345ns22:TotalUnrestrictedFunds2022-03-3105051345ns22:TotalRestrictedIncomeFunds2022-03-3105051345ns22:TotalUnrestrictedFunds2023-03-3105051345ns22:TotalRestrictedIncomeFunds2023-03-3105051345ns22:TotalUnrestrictedFundsns6:WithinOneYear2023-03-3105051345ns22:TotalRestrictedIncomeFundsns6:WithinOneYear2023-03-3105051345ns6:WithinOneYear2023-03-3105051345ns6:WithinOneYear2022-03-3105051345ns6:FurnitureFittingsToolsEquipment2022-04-012023-03-3105051345ns6:ComputerEquipment2022-04-012023-03-310505134522022-04-012023-03-3105051345ns6:OwnedAssets2022-04-012023-03-3105051345ns6:OwnedAssets2021-04-012022-03-3105051345ns22:TotalUnrestrictedFundsns22:Activity82021-04-012022-03-3105051345ns22:Activity8ns22:TotalRestrictedIncomeFunds2021-04-012022-03-3105051345ns22:Activity10ns22:TotalUnrestrictedFunds2021-04-012022-03-3105051345ns22:Activity10ns22:TotalRestrictedIncomeFunds2021-04-012022-03-3105051345ns22:TotalUnrestrictedFunds2021-04-012022-03-3105051345ns22:TotalRestrictedIncomeFunds2021-04-012022-03-3105051345ns22:Activity13ns22:TotalUnrestrictedFunds2021-04-012022-03-3105051345ns22:Activity13ns22:TotalRestrictedIncomeFunds2021-04-012022-03-3105051345ns6:FurnitureFittings2022-03-3105051345ns6:ComputerEquipment2022-03-3105051345ns6:FurnitureFittings2022-04-012023-03-3105051345ns6:FurnitureFittings2023-03-3105051345ns6:ComputerEquipment2023-03-3105051345ns6:FurnitureFittings2022-03-3105051345ns6:ComputerEquipment2022-03-31
REGISTERED COMPANY NUMBER: 05051345 (England and Wales)
REGISTERED CHARITY NUMBER: 1105935














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

One to One Development Trust

One to One Development Trust






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 16

One to One Development Trust (Registered number: 05051345)

Report of the Trustees
for the Year Ended 31 March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. 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 AND ACTIVITIES
Objectives and aims
In planning the activities for the year at trustee meetings the Board and Chief Executive kept in mind the Charity Commission's guidance on public benefit.

The charity exists to:

1. Enhance civic pride and community spirit.
2. Raise awareness and promote opportunities for cultural diversity, social inclusion and education through the use of film, digital media and the arts.
3. Promote interaction and exchange between communities and different generations.
4. Provide advice, opportunities, training and learning in creative and media skills.
5. Push the creative boundaries of digital technologies.
6. Support any other charitable objectives agreed as a priority by the trustees.

Significant activities
A review of significant activities undertaken by the Charity in relation to the objects are included in the detailed report by the Chief Executive, which is attached to this report and financial statements.

Public benefit
The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers or duties.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Chief Executive's report at the end of this report and financial statements includes a summary of the main achievements of the charity in the year.

FINANCIAL REVIEW
Financial position
The net assets of the Charity at the year end were £112,022 (2022: £115,875). Of these funds the unrestricted balance was £112,022 (2022: £101,896) and the total restricted funds were £NIL (2022 £13,979).


One to One Development Trust (Registered number: 05051345)

Report of the Trustees
for the Year Ended 31 March 2023


FINANCIAL REVIEW
Principal funding sources
During the year major grants were received from:

31.03.202331.03.2022
£   £   
Wakefield Council4,74821,548
Nenescape5,000 5,000
Creative Art House - 3,000
9,74829,548

As in previous years the provision of media services was a major source of income, much of this work was performed in tandem with the direct charitable work.

Reserves policy
The Reserves policy is to maintain sufficient reserves in order for the charity to meet its charitable objectives.

Many of the projects undertaken are fully funded and are treated as restricted fund activities. Over the duration of these projects it is anticipated that the restricted funds will be fully utilised and then the fund will close. If a fund is negative it is on the basis that future funding has been obtained to restore the restricted fund to a nil balance. Small deficits are funded from the unrestricted fund.

The unrestricted fund is used for working capital requirements. The trustees have no plans to build up the reserves, other than for working capital requirements. The trustees plan that the unrestricted reserves should equal approximately 6 months spending requirements.

FUTURE PLANS
The priorities for the 2023/24 financial year are:

1. Continue our core work within communities promoting heritage, health & wellbeing and digital storytelling using a range of technologies and creative approaches.

2. Expand our knowledge and creative practice in XR, games and immersive media to support and facilitate meaningful opportunities for young people.

3. Use our own extensive film archive and key community projects that can be developed further, to provide opportunities and increase positive change for Wakefield communities.

4. Aspire to bring environmental sustainability increasingly in to our creative practice and organisation.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
When a vacancy arises a new trustee is searched for who will have the required skills, experience and expertise needed in order to strengthen the existing Board. All potential trustees have to complete a brief application form and are interviewed by the other board members.


One to One Development Trust (Registered number: 05051345)

Report of the Trustees
for the Year Ended 31 March 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The trustees of One to One Development Trust direct and oversee the charity. Board meetings are held 3 times a year, and are always attended by the Chief Executive, Judi Alston, who provides a report to the Board on past performance of the charity and of plans in hand for the subsequent period.

Induction and training of new trustees
When new trustees are appointed they are inducted at a Board meeting. The training of trustees is limited to in-house training on the processes, values and objectives of the Charity.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05051345 (England and Wales)

Registered Charity number
1105935

Registered office
Art House
Drury Lane
Wakefield
WF1 2TE

Trustees
One to One Development Trust is made up of a voluntary Board of Trustees each bringing a wealth of experience to the organisation. The board is:

Glenn Guilliatt, Chairperson - Chartered Accountant
Annie Robinson, Company Secretary - Community mosaic artist, housing support officer
Suzanne Gahlings, Acting chair, former Public Health Manager & Youth Worker
Christopher Selby, Managing Director training/construction industry
Stephen Ball, retired solicitor.

Company Secretary
Ms S A Robinson

Independent Examiner
Simon Young FCA
Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

Chief Executive Officer
Ms J Alston

Bankers
HSBC
1 Bank Street
Castleford
WF10 1EA

One to One Development Trust (Registered number: 05051345)

Report of the Trustees
for the Year Ended 31 March 2023

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 4 September 2023 and signed on its behalf by:





Ms S Gahlings - Trustee

Independent Examiner's Report to the Trustees of
One to One Development Trust

Independent examiner's report to the trustees of One to One Development Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Simon Young FCA

Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

4 September 2023

One to One Development Trust

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 March 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Revenue grants - - - 3,000
Media and arts engagement - 9,748 9,748 26,548

Other trading activities 2 194,180 - 194,180 182,261
Investment income 3 277 - 277 6
Total 194,457 9,748 204,205 211,815

EXPENDITURE ON
Charitable activities
Media and arts engagement 153,767 28,957 182,724 123,218
Premises 2,621 - 2,621 2,849
General office and finance staff - - - 30,741

Other 22,588 125 22,713 27,839
Total 178,976 29,082 208,058 184,647

NET INCOME/(EXPENDITURE) 15,481 (19,334 ) (3,853 ) 27,168
Transfers between funds 12 (5,355 ) 5,355 - -
Net movement in funds 10,126 (13,979 ) (3,853 ) 27,168

RECONCILIATION OF FUNDS
Total funds brought forward 101,896 13,979 115,875 88,707

TOTAL FUNDS CARRIED FORWARD 112,022 - 112,022 115,875

One to One Development Trust (Registered number: 05051345)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 6,878 - 6,878 7,992

CURRENT ASSETS
Debtors 10 32,795 - 32,795 32,163
Cash at bank 134,271 - 134,271 106,352
167,066 - 167,066 138,515

CREDITORS
Amounts falling due within one year 11 (61,922 ) - (61,922 ) (30,632 )

NET CURRENT ASSETS 105,144 - 105,144 107,883

TOTAL ASSETS LESS CURRENT LIABILITIES 112,022 - 112,022 115,875

NET ASSETS 112,022 - 112,022 115,875
FUNDS 12
Unrestricted funds 112,022 101,896
Restricted funds - 13,979
TOTAL FUNDS 112,022 115,875

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


One to One Development Trust (Registered number: 05051345)

Balance Sheet - continued
31 March 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 4 September 2023 and were signed on its behalf by:





Ms S Gahlings - Trustee

One to One Development Trust

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, the Charities Act 2011 and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis, as there are no material uncertainties about the charity's ability to continue. Based on the adequacy of the charity's reserves as at the balance sheet date, along with their knowledge of the charity's ability to meet bills, payments and other liabilities as they fall due, the directors have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 25% on reducing balance
IT & media equipment - 33.3% on cost

All tangible fixed assets are recorded at cost, being purchase price less accumulated depreciation.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.


One to One Development Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES
31/3/23 31/3/22
£    £   
Contracts 194,180 182,261

3. INVESTMENT INCOME
31/3/23 31/3/22
£    £   
Deposit account interest 277 6

4. SUPPORT COSTS
Information Governance
Management Finance technology costs Totals
£    £    £    £    £   
Other resources expended 15,327 517 1,693 5,176 22,713
Media and arts engagement - - 561 - 561
15,327 517 2,254 5,176 23,274

The following payments, excluding VAT, have been accrued or made to the independent examiner Aysgarth Chartered Accountants in respect of their examination £1,560 (2022: £1,550). Fees payable to the Independent Examiner other than for the independent examination, totalled £2,773 (2022: £2,632).


One to One Development Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:

Governance costs
31/3/23 31/3/22
Other
resources Total
expended activities
£    £   
Accountancy and legal fees 5,176 5,564

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/23 31/3/22
£    £   
Depreciation - owned assets 8,169 7,897

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31/3/23 31/3/22
Project and administration staff 2 2

No staff received salaries at a rate of more than £60,000 per annum. During the year the CEO received a salary package of £44,796 (2022: £44,511). The Charity is working towards paying its staff a market rate for their services.


One to One Development Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Revenue grants 3,000 - 3,000
Media and arts engagement - 26,548 26,548

Other trading activities 182,261 - 182,261
Investment income 6 - 6
Total 185,267 26,548 211,815

EXPENDITURE ON
Charitable activities
Media and arts engagement 105,044 18,174 123,218
Premises 2,849 - 2,849
General office and finance staff 30,741 - 30,741

Other 27,839 - 27,839
Total 166,473 18,174 184,647

NET INCOME 18,794 8,374 27,168


RECONCILIATION OF FUNDS
Total funds brought forward 83,102 5,605 88,707

TOTAL FUNDS CARRIED FORWARD 101,896 13,979 115,875


One to One Development Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. TANGIBLE FIXED ASSETS
Fixtures IT &
and media
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 1,470 43,877 45,347
Additions - 7,055 7,055
At 31 March 2023 1,470 50,932 52,402
DEPRECIATION
At 1 April 2022 1,409 35,946 37,355
Charge for year 15 8,154 8,169
At 31 March 2023 1,424 44,100 45,524
NET BOOK VALUE
At 31 March 2023 46 6,832 6,878
At 31 March 2022 61 7,931 7,992

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Debtors 30,900 30,985
Prepayments and accrued income 1,895 1,178
32,795 32,163

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 1,434 1,766
Social security and other taxes 2,355 4,222
VAT 19,293 12,428
Other creditors 2,337 325
Accruals and deferred income 36,503 11,891
61,922 30,632


One to One Development Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
£    £    £    £   
Unrestricted funds
General fund 101,896 15,481 (5,355 ) 112,022

Restricted funds
Our Earth Our Choice 2,750 (8,105 ) 5,355 -
Walking in Time Project Nene Park 1,000 (1,000 ) - -
Happy Healthy Holidays 6,231 (6,231 ) - -
Zero Gravity Lunar Library 3,998 (3,998 ) - -
13,979 (19,334 ) 5,355 -
TOTAL FUNDS 115,875 (3,853 ) - 112,022

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 194,457 (178,976 ) 15,481

Restricted funds
Our Earth Our Choice - (8,105 ) (8,105 )
Walking in Time Project Nene Park 5,000 (6,000 ) (1,000 )
Happy Healthy Holidays - (6,231 ) (6,231 )
Zero Gravity Lunar Library 4,748 (8,746 ) (3,998 )
9,748 (29,082 ) (19,334 )
TOTAL FUNDS 204,205 (208,058 ) (3,853 )


One to One Development Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/21 in funds 31/3/22
£    £    £   
Unrestricted funds
General fund 83,102 18,794 101,896

Restricted funds
Making The Most of IT 4,000 (4,000 ) -
Our Earth Our Choice 1,605 1,145 2,750
Walking in Time Project Nene Park - 1,000 1,000
Happy Healthy Holidays - 6,231 6,231
Zero Gravity Lunar Library - 3,998 3,998
5,605 8,374 13,979
TOTAL FUNDS 88,707 27,168 115,875

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 185,267 (166,473 ) 18,794

Restricted funds
Making The Most of IT - (4,000 ) (4,000 )
Our Earth Our Choice 11,225 (10,080 ) 1,145
Together and Apart 75 (75 ) -
Walking in Time Project Nene Park 5,000 (4,000 ) 1,000
Happy Healthy Holidays 6,250 (19 ) 6,231
Zero Gravity Lunar Library 3,998 - 3,998
26,548 (18,174 ) 8,374
TOTAL FUNDS 211,815 (184,647 ) 27,168

The different restricted funds represent different projects that One to One Development Trust has not only been involved with but has been the recipient of grant money. There have been other key projects but these have been accounted for through the unrestricted fund as One to One Development Trust has been a partner organisation, invoicing for services provided.

More information is available in the Annual Report 2022-23, which is attached to the end of the financial statements. The Chief Executive Officer, Judi Alston compiled the report and it has been approved by the Board of Trustees.

One to One Development Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

14. ULTIMATE CONTROLLING PARTY

In the opinion of the trustees there is no ultimate controlling party and there are no related party transactions.