Charity registration number 1191108
Company registration number 08412264 (England and Wales)
THE WILSON'S TALES PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
THE WILSON'S TALES PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees And Directors
Andrew N Ayre
Arnold Richard Wilson
Carol Whinnom
Janet Anderson
Rt. Rev Stephen Platten
Denise Bradshaw
(Appointed 16 June 2023)
Charity number
1191108
Company number
08412264
Registered office
17 Walkergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
Accountants
Greaves West & Ayre
17 Walkergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
The Board of Trustees
Andrew Ayre (Chair)
A former Chartered Accountant with a keen interest in local heritage and experience of working in the charitable sector.
Richard Wilson
After a career in IT, Richard retired to Northumberland and is pursuing his interest in literature.
Carol Whinnom
A talented musician with a career in education particularly working on promoting local heritage.
Stephen Platten
Stephen describes himself as an itinerant clergyman - an Assistant Bishop in the Diocese of Newcastle, he looks after Readers and generally ‘goes about the diocese' and beyond. He writes widely on theology and architecture and recently published what he calls ‘Not the Shell Guide to Northumberland'.
Jan Anderson
Jan is a semi-retired Local Government Officer who is now able to indulge her interest in local history and creative writing.
Denise Bradshaw
As well as practising as a solicitor for C. 30 years, Denise has also undertaken voluntary work as a lawyer.  Including for almost 10 years holding the positions of Trustee and Company Secretary at a Race Relations Charity and the Suffolk Law Centre.   She is an avid reader and keen exponent of the benefits of reading and writing for pleasure.
THE WILSON'S TALES PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
The Company is also supported by a non-executive 'Advisory Board' consisting of:
Pam Brewis
Pam's background is in charity and third sector support. She was formerly Managing Director of a social enterprise business consultancy where she worked with a wide range of community and voluntary organisations to build capacity and develop enterprising social businesses. Her interest is in encouraging communities to get involved in their own history and heritage.
Eloner Crawford
Eloner has been involved in Educational Drama staff development in Scottish Borders Council for many years. She has also been involved in devising, writing and directing many Community Drama Projects. Currently she directs for Duns Players amd Duns Opera and is helping to co-ordinate a dramatized Flodden Walk and devise and write a play about the little known Border poet Robert Davidson.
Dr Barbara Henderson
Barbara Henderson is an award-winning Berwick-based writer with a strong interest in local history. She is a former print and broadcast journalist who worked for more than 17 years with the BBC. Her skills include creative writing, running writing classes and workshops for adults and young people, teaching at higher education level and journalism. She has experience of working with historic and archive material in a creative sense for a number of bodies including Woodhorn Museum and Berwick Archives.
Ian Marrian
Ian is Chairman of the Paxton House Trust.
Robert White
Robert is a retired solicitor who worked in the music and entertainment industry for over 40 years and has hands on experience of copyright law, live music promotion, record production and music administration. He has also managed successful bands.
The Wilson's Tales project
The Wilson's Tales project has been established to raise awareness and facilitate access to the body of literature known as “Wilson's Tales of the Borders”, to a new generation.This is a collection of tales, stories, history and ballads, principally of the Borders of Scotland and North Northumberland.  It grew to cover all of Scotland and the adventures of Scots abroad
John Mackay Wilson was born in Tweedmouth in 1804 and his literature contains a rich collection of tales that represent a record of our history, heritage, lore and legend.  They caught the imagination of their age and are due a revival, to be given new life and once more entertain a new generation before they slip further into obscurity.
The project seeks to engage within the local community to retell the tales in a variety of media and build up research on Wilson and the tales.
THE WILSON'S TALES PROJECT
CONTENTS
Page
Trustees' And Directors' report
1 - 3
Statement of Trustees' and Directors' responsibilities
4
Accountants' report
5
Statement of financial activities
6 - 7
Balance sheet
8
Notes to the financial statements
9 - 14
THE WILSON'S TALES PROJECT
TRUSTEES' AND DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The trustees and directors present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "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

Principal activities

The company incorporated on 20 February 2013 and commenced activities on the same day. The principal activity of the company is the promotion and reinterpretation of "Wilson's Tales of The Borders and Scotland". The company converted to charitable status and was granted charity registration on 2 September 2020.

 

Review of activities and results for the year

The charitable company has been successful in attracting some private support, corporate support and grants from local trusts to support ongoing activities and events.

 

This has been used together with volunteer input and in kind support to promote the project in the following ways:

 

- Acquiring Heritage Assets associated with the project;

- Publishing Newsletter and research;

- Presenting and talking at local history and literary events;

- Publishing "Revival Edition" of the tales;

- Running literary competitions for new tales;

- Commissioning display material and using this;

- Recording Tales on film for future use; and

- Continuing to hold events to 'retell' tales in a modern way using a mix of presentational styles and professional and amateur input.

The trustees and directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

Achievements and performance

2023 was one in which the organisation continued to try and recover to pre pandemic levels of activity.

We again supported the award of a prize for a new dramatic presentation of a tale, “The Apparition of Flodden” at the DunsPlayfest.

We held our 5th celebratory literary “Beans & Bacon” dinner with its 100 word tale competition as a live event.

We have recruited to our board and are in discussion with a number of potential partners about presentation of further tales in 2024.

 

Financial review

Total income for the year amounted to £2,236 (2022: £1,147) against running costs of £1,812 (2022: £2,442) resulting in an operating surplus of £424 (2022: £1,295 deficit).

 

Total funds at the year end were £7,687 (2022: £7,263) of which £6,505 (2022: £6,081) were unrestricted and £1,182 (2022: £1,182) designated.

 

THE WILSON'S TALES PROJECT
TRUSTEES' AND DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -

Reserves policy

The trustees and directors have reviewed the level of free reserves that are appropriate for the charitable company which are the Unrestricted Reserves held as Net Current Assets. Free reserves are needed to cover any excess of expenditure over income, whether due to timing differences or to shortfalls in funding. It has been determined that the minimum level of Unrestricted Reserves that should be held at any time must be at least £1,000. At the year end the charitable company was at this level.

Risk review

The trustees and directors have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Public benefit

In considering the operation, achievements and performance and finances of the charitable company, the trustees and directors are satisfied that public benefit has been provided in accordance with the Charities Act 2011 and the guidance provided by the Charity Commission.

Structure, governance and management

The charitable company is a company limited by guarantee (No. 08412264) which was incorporated on 20 February 2013 by a Memorandum and Articles of Association, as amended 1 September 2020; and became a registered charity with the Charity Commission (No. 1191108) on 2 September 2020.

The trustees and directors, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Andrew N Ayre
Arnold Richard Wilson
Carol Whinnom
Janet Anderson
Rt. Rev Stephen Platten
Denise Bradshaw
(Appointed 16 June 2023)

None of the trustees and directors has any beneficial interest in the company. All of the trustees and directors are members of the company and guarantee to contribute £10 in the event of a winding up.

 

Recruitment and appointment of trustees and directors

Trustees and directors are introduced by existing trustees and directors and are fully briefed before accepting the appointment, they are encouraged to attend a trustees and directors meeting before being appointed.

 

In accordance with the Memorandum and Articles, at each annual general meeting one-third of the trustees and directors or, if their number is not three or a multiple of three, the number nearest to one third must retire from office. If there is only one trustee and director he or she must retire.

 

The trustees and directors to retire by rotation shall be those who have been longest in office since their last appointment. If any trustees and directors became or were appointed trustees and directors on the same day, those to retire shall (unless they otherwise agree among themselves) be determined by lot.

 

If a trustee and director is required to retire at an annual general meeting by a provision of these Articles the retirement shall take effect upon the conclusion of the meeting.

 

A trustee and director retiring may offer themselves for re-election.

 

Induction and training of trustees and directors

After their appointment, trustees and directors are further briefed on their responsibilities and are encouraged to identify any gaps in their knowledge. Trustees and directors are appointed on the basis of the expertise that they can bring to the charitable company.

THE WILSON'S TALES PROJECT
TRUSTEES' AND DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -

The Trustees' and Directors' report was approved by the Board of Trustees And Directors.

Andrew N Ayre
Trustee and Director
5 April 2024
THE WILSON'S TALES PROJECT
STATEMENT OF TRUSTEES' AND DIRECTORS' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -

The trustees and directors, who are also the directors of The Wilson's Tales Project for the purpose of company law, are responsible for preparing the Trustees' And Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees and directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees and directors are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

 

The trustees and directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Exemptions

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

THE WILSON'S TALES PROJECT
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES AND DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE WILSON'S TALES PROJECT FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Wilson's Tales Project for the year ended 31 December 2023, which comprise the statement of financial activities, the balance sheet and the related notes from the charity’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation

This report is made to the charity's trustees and directors, as a body, in accordance with the terms of our engagement letter dated 16 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of The Wilson's Tales Project and state those matters that we have agreed to state to the charity's trustees and directors, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Wilson's Tales Project and the charity's trustees and directors as a body, for our work or for this report.

It is your duty to ensure that The Wilson's Tales Project has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of The Wilson's Tales Project. You consider that The Wilson's Tales Project is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of The Wilson's Tales Project. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Greaves West & Ayre
5 April 2024
Chartered Accountants
17 Walkergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
THE WILSON'S TALES PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
Current financial year
Unrestricted
Unrestricted
Total
funds
funds
general
designated
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
3
1,500
-
1,500
Charitable activities
618
-
618
Other trading activities
4
118
-
118
Total income
2,236
-
2,236
Expenditure on:

Raising funds

5
521
-
521
Charitable activities
6
1,291
-
1,291
Total resources expended
1,812
-
1,812
Net movement in funds
424
-
424
Fund balances at 1 January 2023
6,081
1,182
7,263
Fund balances at 31 December 2023
6,505
1,182
7,687

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE WILSON'S TALES PROJECT
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
Prior financial year
Unrestricted
Unrestricted
Total
funds
funds
general
designated
2022
2022
2022
Notes
£
£
£
Income from:
Charitable activities
626
-
626
Other trading activities
4
521
-
521
Total income
1,147
-
1,147
Expenditure on:

Raising funds

5
1,617
-
1,617
Charitable activities
6
825
-
825
Total resources expended
2,442
-
2,442
Net income/(expenditure) for the year/
Net movement in funds
(1,295)
-
(1,295)
Fund balances at 1 January 2022
7,376
1,182
8,558
Fund balances at 31 December 2022
6,081
1,182
7,263

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE WILSON'S TALES PROJECT
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 8 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
10
154
192
Heritage assets
11
1,182
1,182
1,336
1,374
Current assets
Stocks
12
4,851
4,838
Debtors
13
326
175
Cash at bank and in hand
1,598
1,589
6,775
6,602
Creditors: amounts falling due within one year
14
(424)
(713)
Net current assets
6,351
5,889
Total assets less current liabilities
7,687
7,263
Income funds
Unrestricted funds
General unrestricted funds
6,505
6,081
Designated funds
1,182
1,182
7,687
7,263

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

The directors acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees and directors on 5 April 2024
Andrew N Ayre
Trustee
Company registration number 08412264 (England and Wales)
THE WILSON'S TALES PROJECT
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 9 -
1
Accounting policies
Charity information

The Wilson's Tales Project is a private company limited by guarantee incorporated in England and Wales. The registered office is 17 Walkergate, Berwick-upon-Tweed, Northumberland, TD15 1DJ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006 and "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)". The charitable company is a Public Benefit Entity as defined by FRS 102.

 

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

At the time of approving the financial statements, the trustees and directors have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees and directors 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 and directors in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees and directors for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charitable company 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 charitable company 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.

Intangible donations are included at the value of the services provided.

1.5
Expenditure

All expenditure is accounted for on an accruals basis. Costs are allocated to appropriate headings, based on the activities to which they are attributable

THE WILSON'S TALES PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 10 -
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:

Display equipment
20% Reducing balance
Equipment
25% Straight line
Heritage assets
No depreciation
Website
25% Straight line

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 charitable company 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 charitable company 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 charitable company's balance sheet when the charitable company 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.

THE WILSON'S TALES PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 11 -
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 charitable company’s contractual obligations expire or are discharged or cancelled.

1.11

Films

Films created are capitalised as heritage assets at a nominal value of £10. All other costs are written off at creation.

2
Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees and directors 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.

3
Donations and legacies
Unrestricted
Total
funds
general
2023
2022
£
£

Grants: Community foundation

1,500
-
THE WILSON'S TALES PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
4
Other trading activities
Unrestricted
Unrestricted
funds
funds
general
general
2023
2022
£
£

Film sales

4
-

Book sales

114
521
Other trading activities
118
521
5

Raising funds

Unrestricted
Unrestricted
funds
funds
general
general
2023
2022
£
£

Costs of goods sold and other costs

Playfest awards, prizes & expenses

284
284

Opening stock of books

4,838
1,588

Book production costs

-
3,984

Closing stock of books

(4,851)
(4,838)
Event costs
(290)
-
Support costs
540
599
521
1,617
6
Charitable activities

Administrative expenses

Administrative expenses

2023
2022
£
£
Depreciation and impairment
38
48

Memberships

123
65

Professional fees

1,080
633

Paypal charges

11
10

Sundry expenses

39
69
1,291
825
THE WILSON'S TALES PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 13 -
7
Trustees And Directors
None of the trustees and directors (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
8
Employees

There were no employees during the year.

9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10
Tangible fixed assets
Display equipment
Equipment
Website
Total
£
£
£
£
Cost
At 1 January 2023
1,017
244
649
1,910
At 31 December 2023
1,017
244
649
1,910
Depreciation and impairment
At 1 January 2023
825
244
649
1,718
Depreciation charged in the year
38
-
-
38
At 31 December 2023
863
244
649
1,756
Carrying amount
At 31 December 2023
154
-
-
154
At 31 December 2022
192
-
-
192
11
Heritage assets
£
At 1 January 2023 and at 31 December 2023
1,182
12
Stocks
2023
2022
£
£
Finished goods and goods for resale
4,851
4,838
THE WILSON'S TALES PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 14 -
13
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
326
175
14
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
424
713
15
Designated funds

The income funds of the charitable company include the following designated funds which have been set aside out of unrestricted funds by the trustees and directors for specific purposes:

Movement in funds
Movement in funds
Balance at
1 January 2022
Incoming resources
Balance at
1 January 2023
Incoming resources
Balance at
31 December 2023
£
£
£
£
£
Heritage asset fund
1,182
-
1,182
-
1,182
1,182
-
1,182
-
1,182
16
Analysis of net assets between funds
Unrestricted funds
Designated funds
Total
Unrestricted funds
Designated funds
Total
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fund balances at 31 December 2023 are represented by:
Tangible assets
154
-
154
192
-
192
Heritage assets
-
1,182
1,182
-
1,182
1,182
Current assets/(liabilities)
6,351
-
6,351
5,889
-
5,889
6,505
1,182
7,687
6,081
1,182
7,263
17
Related party transactions

There were no disclosable related party transactions during the year (2022: None).

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