IRIS Accounts Production v24.1.9.2 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066588602022-12-31066588602023-12-31066588602023-01-012023-12-31066588602021-12-31066588602022-01-012022-12-31066588602022-12-3106658860ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-3106658860ns15:PoundSterling2023-01-012023-12-3106658860ns11:FRS1022023-01-012023-12-3106658860ns11:IndependentExaminationCharity2023-01-012023-12-3106658860ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106658860ns11:FullAccounts2023-01-012023-12-3106658860ns11:CharitiesSORP2023-01-012023-12-3106658860ns16:EnglandWales2023-01-012023-12-3106658860ns11:RegisteredOffice2023-01-012023-12-3106658860ns0:Trustee22023-01-012023-12-3106658860ns0:Trustee32023-01-012023-12-3106658860ns0:Trustee42023-01-012023-12-3106658860ns0:Trustee12023-01-012023-12-3106658860ns0:Trustee52023-01-012023-12-3106658860ns0:Trustee62023-01-012023-12-3106658860ns0:Trustee72023-01-012023-12-3106658860ns0:TotalUnrestrictedFunds2023-01-012023-12-3106658860ns0:TotalRestrictedIncomeFunds2023-01-012023-12-3106658860ns0:Activity82023-01-012023-12-3106658860ns0:Activity8ns0:TotalUnrestrictedFunds2023-01-012023-12-3106658860ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-3106658860ns0:Activity82022-01-012022-12-3106658860ns0:TotalUnrestrictedFunds2022-12-3106658860ns0:TotalRestrictedIncomeFunds2022-12-3106658860ns0:TotalUnrestrictedFunds2023-12-3106658860ns0:TotalRestrictedIncomeFunds2023-12-3106658860ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-12-3106658860ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-12-3106658860ns10:WithinOneYear2023-12-3106658860ns10:WithinOneYear2022-12-3106658860ns0:TotalUnrestrictedFundsns10:AfterOneYear2023-12-3106658860ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2023-12-3106658860ns10:AfterOneYear2023-12-3106658860ns10:AfterOneYear2022-12-3106658860ns10:MotorVehicles2023-01-012023-12-3106658860ns10:ComputerEquipment2023-01-012023-12-310665886022023-01-012023-12-310665886012023-01-012023-12-310665886012022-01-012022-12-3106658860ns10:OwnedAssets2023-01-012023-12-3106658860ns10:OwnedAssets2022-01-012022-12-3106658860ns10:MotorVehicles2022-12-3106658860ns10:ComputerEquipment2022-12-3106658860ns10:MotorVehicles2023-12-3106658860ns10:ComputerEquipment2023-12-3106658860ns10:MotorVehicles2022-12-3106658860ns10:ComputerEquipment2022-12-3106658860ns10:BetweenOneTwoYears2023-12-3106658860ns10:BetweenOneTwoYears2022-12-3106658860ns10:BetweenTwoFiveYears2023-12-3106658860ns10:BetweenTwoFiveYears2022-12-31
REGISTERED COMPANY NUMBER: 06658860 (England and Wales)
REGISTERED CHARITY NUMBER: 1159604












REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE YOUNG URBAN ARTS FOUNDATION LIMITED

THE YOUNG URBAN ARTS FOUNDATION LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 15

THE YOUNG URBAN ARTS FOUNDATION LIMITED (REGISTERED NUMBER: 06658860)

REPORT OF THE TRUSTEES
for the year ended 31 December 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 December 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
The Young Urban Arts Foundation Limited (the "Charity") is a company limited by guarantee, incorporated on 29 July 2008 and registered as a charity on 12 December 2014. It has the objects and powers of the charitable company and is governed under its articles of association.

The directors of the company (the "Board") are also charity trustees for the purposes of charity law. Prospective Board members are nominated by the Board and elected by members of the organisation at the Annual General Meeting. All members of the Board give their time voluntarily and receive no benefits from the Charity.

Public benefit
The board referred to the guidance contained in the Charity Commission's general guidance on public benefit, and 'The Advancement of Religion for the Public Benefit' in particular, when reviewing the aims and objectives and in planning the charity's future activities. In particular, the trustees consider how the planned activities will contribute to the aims and objectives set.

ACHIEVEMENT AND PERFORMANCE
The Charity generated incoming resources for the year ending 31st December 2023 of £462,066 (2022: £430,508). £417,317 was spent on charitable activities during 2023 (2022: £301,749), the majority of which went towards staff costs and resources to deliver programme activities. The Charity had a surplus of £44,749 (2022: £56,471) during the year. Overall the Charity closed the year with funds carried forward of £338,144 (2022: £293,395), of which £262,853 is unrestricted and the remaining £75,291 restricted.

This year-on-year growth has enabled the Charity to continue to expand its vital operations in an exceptionally challenging climate of ongoing statutory cuts to youth services. Over 2023, YUAF's Outreach Media Bus saw a 14% increase in participants, with further significant growth in YUAF's Pathways and Futures programmes, resulting in an average increase in engagement of 38%. Over the course of the year, YUAF successfully delivered workshops to 510 young people in 28 out of 32 London boroughs. The Charity continues to focus on areas of the highest need, with 54% of participants in YUAF's programmes living among the 25% most deprived areas of Greater London. Increasing access to marginalised and minoritised young people continues to be a key strategic focus, with 79% of YUAF's participants identifying as Global Majority heritages. The impact of YUAF's work has been transformative, with 90-95% of young people reporting an increase in their wellbeing, confidence, and skills.

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

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).


THE YOUNG URBAN ARTS FOUNDATION LIMITED (REGISTERED NUMBER: 06658860)

REPORT OF THE TRUSTEES
for the year ended 31 December 2023

FINANCIAL REVIEW
Reserves policy
The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through voluntary income. The trustees consider that the ideal level of reserves as at 31 December 2023 would be three months of resources expended which is approximately £104,000.


The free reserves as at 31 December 2023 were £136,929 in surplus. In calculating the reserves, the trustees have excluded from total funds fixed assets and any restricted funds.


The trustees are actively pursuing sources of funding in order to ensure that there are sufficient reserves to provide financial stability and flexibility, and are confident that it will be in a position to continue to make grants out of funds raised.

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06658860 (England and Wales)

Registered Charity number
1159604

Registered office
Concordia Community Enterprise
Arches
420-421 Burdett Road
London
E3 4AA

Trustees
Ms R Faried
Mr A Kamenetzky (appointed 10.5.23)
Mr S Karia
Mr S Nankivell
Miss N Salunke
Ms C Birkle (appointed 1.12.23)
Mrs K Powell (appointed 1.12.23)


THE YOUNG URBAN ARTS FOUNDATION LIMITED (REGISTERED NUMBER: 06658860)

REPORT OF THE TRUSTEES
for the year ended 31 December 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

Approved by order of the board of trustees on 25 September 2024 and signed on its behalf by:





Mr S Nankivell - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE YOUNG URBAN ARTS FOUNDATION LIMITED

Independent examiner's report to the trustees of The Young Urban Arts Foundation Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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.








Mr Yedidya A Zaiden, ACCA

Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

25 September 2024

THE YOUNG URBAN ARTS FOUNDATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 126,132 265,221 391,353 394,897

Charitable activities
Charitable activities 69,202 - 69,202 23,373

Other trading activities 3 400 - 400 12,126
Investment income 4 1,111 - 1,111 112
Total 196,845 265,221 462,066 430,508

EXPENDITURE ON
Raising funds 15,080 - 15,080 13,007

Charitable activities 5
Charitable activities 183,774 218,463 402,237 361,030
Total 198,854 218,463 417,317 374,037

NET INCOME/(EXPENDITURE) (2,009 ) 46,758 44,749 56,471


RECONCILIATION OF FUNDS
Total funds brought forward 264,862 28,533 293,395 236,924

TOTAL FUNDS CARRIED FORWARD 262,853 75,291 338,144 293,395

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

THE YOUNG URBAN ARTS FOUNDATION LIMITED (REGISTERED NUMBER: 06658860)

BALANCE SHEET
31 December 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 125,924 - 125,924 147,640

CURRENT ASSETS
Debtors 11 20,941 - 20,941 7,560
Cash at bank 159,699 75,291 234,990 193,316
180,640 75,291 255,931 200,876

CREDITORS
Amounts falling due within one year 12 (11,481 ) - (11,481 ) (17,547 )

NET CURRENT ASSETS 169,159 75,291 244,450 183,329

TOTAL ASSETS LESS CURRENT LIABILITIES 295,083 75,291 370,374 330,969

CREDITORS
Amounts falling due after more than one year 13 (32,230 ) - (32,230 ) (37,574 )

NET ASSETS 262,853 75,291 338,144 293,395
FUNDS 15
Unrestricted funds 262,853 264,862
Restricted funds 75,291 28,533
TOTAL FUNDS 338,144 293,395

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


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



THE YOUNG URBAN ARTS FOUNDATION LIMITED (REGISTERED NUMBER: 06658860)

BALANCE SHEET - continued
31 December 2023

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.

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 25 September 2024 and were signed on its behalf by:





Mr S Nankivell - Trustee

THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Assessment of going concern
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as going concern. Notwithstanding the net current liabilities position, the trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due and note that the major loan creditor has offered its continued support.

Exemption from preparing cash flow statement
The financial statements do not include a cash flow statement because the charitable company, as a small reporting entity, is exempt from the requirements to prepare such a statement under Charities SORP (FRS 102) Update Bulletin 1, Module 14.

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.

Charitable activities
Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs
Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the audit fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs
Overhead and support costs relating to charitable activities have been apportioned based on staff time where applicable.

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


THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Motor vehicles - 10% on cost
Computer equipment - 33% on cost

Taxation
The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 53,985 70,056
Grants 337,368 324,841
391,353 394,897

The grants received in the year to 31 December 2023 were as follows:

2023
£
Paul Hamlyn Foundation 30,000
John Lyon's Charity 38,000

THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. DONATIONS AND LEGACIES - continued

Postcode Society Trust 23,354
The National Lottery 53,370
Sony Music Social Justice Fund 50,541
Garfield Weston Foundation 30,000
The A.D. Charitable Trust 25,000
Other grants below £20,000 87,103

337,368

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Other income 400 12,126

4. INVESTMENT INCOME
2023 2022
£    £   
Bank account interest 1,111 112

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
Charitable activities 240,169 162,068 402,237

6. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Charitable activities 145,711 284 16,073 162,068

THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


7. NET INCOME/(EXPENDITURE)

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

2023 2022
£    £   
Depreciation - owned assets 22,240 11,006

There were Independent Examiners fees of £3,600 for the year ended 31 December 2023.

8. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


9. STAFF COSTS
2023 2022
£    £   
Wages and salaries 109,517 133,028
Social security costs 3,560 7,862
Other pension costs 1,272 1,428
114,349 142,318

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

2023 2022
Management, operational and admin 6 6

No employees received emoluments in excess of £60,000.


THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 147,273 25,272 172,545
Additions - 524 524
At 31 December 2023 147,273 25,796 173,069
DEPRECIATION
At 1 January 2023 18,177 6,728 24,905
Charge for year 13,728 8,512 22,240
At 31 December 2023 31,905 15,240 47,145
NET BOOK VALUE
At 31 December 2023 115,368 10,556 125,924
At 31 December 2022 129,096 18,544 147,640

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,941 2,350
Other debtors 5,000 5,210
20,941 7,560


THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 14) 5,251 5,251
Trade creditors 996 10,191
Social security and other taxes 866 1,366
Other creditors 768 739
Accrued expenses 3,600 -
11,481 17,547

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 14) 32,230 37,574

14. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Bank loans 5,251 5,251
Amounts falling between one and two years:
Bank loans 5,251 5,251
Amounts falling due between two and five years:
Bank loans 15,752 15,752
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans 11,227 16,571


THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

15. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 264,862 (2,009 ) 262,853

Restricted funds
Restricted funds 28,533 46,758 75,291

TOTAL FUNDS 293,395 44,749 338,144

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 196,845 (198,854 ) (2,009 )

Restricted funds
Restricted funds 265,221 (218,463 ) 46,758

TOTAL FUNDS 462,066 (417,317 ) 44,749


Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
£    £    £    £   
Unrestricted funds
General fund 126,435 (75 ) 138,502 264,862

Restricted funds
Restricted funds 110,489 56,546 (138,502 ) 28,533

TOTAL FUNDS 236,924 56,471 - 293,395

THE YOUNG URBAN ARTS FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

15. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 180,628 (180,703 ) (75 )

Restricted funds
Restricted funds 249,880 (193,334 ) 56,546

TOTAL FUNDS 430,508 (374,037 ) 56,471

Unrestricted funds represent funds available to the trustees for the general purposes of the charity.

Restricted funds
During the year, the charity received grants to be applied fo specific purposes and projects.

16. RELATED PARTY DISCLOSURES

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