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REGISTERED COMPANY NUMBER: 05304570 (England and Wales)
REGISTERED CHARITY NUMBER: 1113659






























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WARNING ZONE LIMITED

WARNING ZONE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










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 19

WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024



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 August 2024. 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
Significant activities
Objectives
The charity strives to maintain its position as the leading organisation delivering safeguarding programmes to children and young people in the East Midlands.

Activities
The new academic year began with a full order book and all places at the safety centre filled. The charity saw 10,609 young people pass through the Zones and receive instruction and guidance on safety matters.

Road Crew sessions were delivered to 2,022 young people throughout AY 2023/24.

The charity remains indebted to its volunteers without whose dedication and professionalism our programmes could not be delivered. Although on the increase throughout the year, volunteer numbers remain lower than we would like and the volunteer recruitment team continue to deploy a wide range of tactics to reach potential new members. This appears to be consistent with a national picture of volunteer shortage and not specific to Warning Zone. The older volunteers, in particular, seem harder to engage which may still be a result of Covid-19. Although the charity has remained committed to the volunteer model for delivery, the Trustees have explored a range of alternative options which have included a paid model. The discussion remains open, but to date, the increased cost of a paid or hybrid paid/volunteer model remains an obstacle and also goes counter to the spirit of volunteering that the charity has always felt was at its core. Trustees keep the volunteer numbers under constant review.

FINANCIAL REVIEW
Financial review
At the start of the period under review the charity held an outstanding debt of £80,000 in the form of an interest free, unsecured loan to be repaid over 5 years at £20,000 per year. The second £20,000 was paid in May 2024. Trustees were confident that this charity could continue to meet its repayment obligations.

Frog Island school visits have remained popular with schools and every available session has been taken.

Corporate fundraising has gained greater momentum and we continue to work with the business community to engage them with our message. We have been fortunate in a number of significant donations, some of which have supported much needed capital improvements.

Whilst the net assets of the charity have increased it should be remembered that its main asset, namely the building it owns and occupies, is fully utilised to deliver the safeguarding programmes to visitors. In other words, it is designed and equipped with the sole purpose in mind of carrying out the business of the charity.


WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


FINANCIAL REVIEW
Reserves policy
The charity requires General Reserves, that is, funds that are freely available for the Trustees to spend in furtherance of the objects, in order to bridge the funding gap between spending on the operational activities and receiving resources through grants that provide funding.

The Trustees believe that an ideal level of General Reserves, excluding those designated for fixed assets, would be equivalent to approximately three months fixed expenditure which, based on existing budgets, will be approximately £125,000 but this figure is kept under review annually.

At 31 August 2024, the General Reserves were £238,800. The Trustees will continue to monitor the level of reserves to ensure that they remain both appropriate and adequate for the charity's needs.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was incorporated on 3rd December 2004 as a company limited by guarantee, not having a share capital, and is governed by its Memorandum and Articles of Association of that date. It was registered as a charity by the Charity Commissioners for England and Wales on 6th April 2006.

Each of the members has agreed to contribute the sum of £1 in the event of the charity being wound up.

Recruitment and appointment of new trustees
Trustees are nominated from persons who through residence, occupation, employment or otherwise have special knowledge of the area of benefit, or who are otherwise able, by virtue of their personal or professional qualifications, to make a significant contribution to the pursuit of the objects or the management of the charity.

Induction and training of new trustees
New trustees are briefed on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the company. During the briefing they are also given a tour of the charity's premises and are introduced to the employees and other trustees. All trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05304570 (England and Wales)

Registered Charity number
1113659

Registered office
30 Frog Island
off North Bridge Place
Leicester
Leicestershire
LE3 5AG

Trustees
Mrs H L Johnson
Mr A M Kapur
Mr G D Arthur
Mr C Mitchell
Mrs L H Foulkes-Arnold
Colonel R C J Martin


WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mark J Rees LLP Chartered Accountants
Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU

Bankers
HSBC Bank plc
2-6 Gallowtree Gate
Leicester
LE1 1DA

Honorary Treasurer
Mr A M Kapur is the Honorary Treasurer of the charity.

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 23 January 2025 and signed on its behalf by:





Mrs L H Foulkes-Arnold - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)


Independent examiner's report to the trustees of Warning Zone Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

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 Institute of Chartered Accountants in England and Wales, 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.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our work, for this report, or for the opinions we have formed.








Mr P Bott FCA

Mark J Rees LLP Chartered Accountants
Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU

30 January 2025

WARNING ZONE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Unrestricted Designated Restricted Total Total
fund Funds funds funds funds
Notes £    £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 278,228 - - 278,228 319,737

Charitable activities 5
Contribution Towards Programme Delivery
119,994

-

-

119,994

114,665

Other trading activities 3 64,763 - - 64,763 54,453
Investment income 4 1,532 - - 1,532 942
Total 464,517 - - 464,517 489,797

EXPENDITURE ON
Raising funds 6 14,261 - - 14,261 10,655

Charitable activities
Programme Delivery 419,206 16,800 8,752 444,758 429,670
Total 433,467 16,800 8,752 459,019 440,325

NET
INCOME/(EXPENDITURE)

31,050

(16,800

)

(8,752

)

5,498

49,472
Transfers between funds 17 (20,000 ) 20,000 - - -
Net movement in funds 11,050 3,200 (8,752 ) 5,498 49,472

RECONCILIATION OF FUNDS
Total funds brought forward 227,750 1,096,200 8,752 1,332,702 1,283,230

TOTAL FUNDS CARRIED
FORWARD

238,800

1,099,400

-

1,338,200

1,332,702

WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Unrestricted Designated Restricted Total Total
fund Funds funds funds funds
Notes £    £    £    £    £   
FIXED ASSETS
Tangible assets 11 27,968 1,009,400 - 1,037,368 1,049,840
Investment property 12 - 150,000 - 150,000 150,000
27,968 1,159,400 - 1,187,368 1,199,840

CURRENT ASSETS
Debtors 13 9,615 - - 9,615 10,534
Cash at bank and in hand 233,352 - - 233,352 241,779
242,967 - - 242,967 252,313

CREDITORS
Amounts falling due within one
year

14

(24,230

)

(20,000

)

-

(44,230

)

(41,236

)

NET CURRENT ASSETS 218,737 (20,000 ) - 198,737 211,077

TOTAL ASSETS LESS
CURRENT LIABILITIES

246,705

1,139,400

-

1,386,105

1,410,917

CREDITORS
Amounts falling due after more
than one year

15

(7,905

)

(40,000

)

-

(47,905

)

(78,215

)

NET ASSETS 238,800 1,099,400 - 1,338,200 1,332,702
FUNDS 17
Unrestricted funds:
General fund 238,800 227,750
Operational Freehold Property 780,792 777,592
Revaluation reserve 293,608 293,608
Fair value reserve 25,000 25,000
1,338,200 1,323,950
Restricted funds - 8,752
TOTAL FUNDS 1,338,200 1,332,702

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.


WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)

BALANCE SHEET - continued
31 AUGUST 2024


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 23 January 2025 and were signed on its behalf by:





Mrs L H Foulkes-Arnold - Trustee

WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


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, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption 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.

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
Expenditure of a capital nature is capitalised at cost (or at value to the charity in the case of donated assets) as fixed assets within the relevant fund. Depreciation is provided on a straight-line basis so as to write off fixed assets over their anticipated useful economic lives and is charged to the relevant fund as follows:

Operational freehold propertyAt 2% per annum
ScenariosAt 20% per annum
Fixtures & fittingsAt 20% per annum
Office and I.T. equipmentAt 33% per annum
Motor vehiclesAt 20% per annum

Scenarios includes all expenditure incurred, including the purchase of equipment, in creating life like simulations to educate visitors to the safety centre in personal safety and social responsibility issues in the home and the community.

No depreciation is provided on assets which are in the course of construction, prior to being brought into operational use, or on freehold land.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is included within the SOFA and a fair value reserve as part of unrestricted funds.

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

WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


1. ACCOUNTING POLICIES - continued

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

Designated funds are unrestricted funds which the Trustees have earmarked for particular purposes.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going Concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Government Grants
Government grants received under the job retention scheme are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 150,380 187,374
Grants 105,971 110,170
Donated services and facilities 21,877 22,193
278,228 319,737

WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. DONATIONS AND LEGACIES - continued


Donated services and facilities, included in the above, are as follows:

Year Ended Year Ended
31.8.24 31.8.23
£    £   
Services of a seconded Fire Officer 17,047 15,589
Notional interest on interest-free/preferential loans 4,500 6,200
Miscellaneous 330 404
21,877 22,193

Grants received, included in the above, are as follows:

2024 2023
£    £   
Office of the Police and Crime Commissioner 50,000 50,000
Other 4,809 -
Leicester, Leicestershire and Rutland Road Safety Partnership 15,000 15,000
The Rank Foundation 30,000 30,000
St Philip's Centre 6,162 15,170
105,971 110,170

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Fundraising events 36,663 26,133
Rental income 28,100 28,320
64,763 54,453

4. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 1,532 942


WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Direct income from schools Contribution Towards Programme Delivery 119,994 114,665

6. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Fundraising events 14,261 10,655

7. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Independent examiners remuneration 4,765 4,644
Depreciation - owned assets 36,035 36,852

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


9. STAFF COSTS
2024 2023
£    £   
Wages and salaries 254,213 243,177
Social security costs 16,136 12,816
Other pension costs 4,949 4,566
275,298 260,559

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

2024 2023
Employees 12 12

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

WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. STAFF COSTS - continued


Included within staff costs is £17,047 (2023: £15,589) being the deemed expense in relation to the donated services of the seconded Fire Officer(s).

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 AUGUST 2023
Unrestricted Designated Restricted Total
fund Funds funds funds
£    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 319,737 - - 319,737

Charitable activities
Contribution Towards Programme Delivery 114,665 - - 114,665

Other trading activities 54,453 - - 54,453
Investment income 942 - - 942
Total 489,797 - - 489,797

EXPENDITURE ON
Raising funds 10,655 - - 10,655

Charitable activities
Programme Delivery 399,634 16,800 13,236 429,670
Total 410,289 16,800 13,236 440,325

NET INCOME/(EXPENDITURE) 79,508 (16,800 ) (13,236 ) 49,472
Transfers between funds (20,000 ) 20,000 - -
Net movement in funds 59,508 3,200 (13,236 ) 49,472

RECONCILIATION OF FUNDS
Total funds brought forward 168,242 1,093,000 21,988 1,283,230

TOTAL FUNDS CARRIED FORWARD 227,750 1,096,200 8,752 1,332,702


WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


11. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Scenarios fittings
£    £    £   
COST OR VALUATION
At 1 September 2023 1,050,000 410,371 60,874
Additions - - 20,928
At 31 August 2024 1,050,000 410,371 81,802
DEPRECIATION
At 1 September 2023 23,800 397,482 52,805
Charge for year 16,800 9,961 6,873
At 31 August 2024 40,600 407,443 59,678
NET BOOK VALUE
At 31 August 2024 1,009,400 2,928 22,124
At 31 August 2023 1,026,200 12,889 8,069

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 7,800 51,062 1,580,107
Additions - 2,635 23,563
At 31 August 2024 7,800 53,697 1,603,670
DEPRECIATION
At 1 September 2023 7,800 48,380 530,267
Charge for year - 2,401 36,035
At 31 August 2024 7,800 50,781 566,302
NET BOOK VALUE
At 31 August 2024 - 2,916 1,037,368
At 31 August 2023 - 2,682 1,049,840

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold and
property Scenarios fittings
£    £    £   
Valuation in 2022 1,050,000 - -
Cost - 410,371 81,802
1,050,000 410,371 81,802

WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


11. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2022 - - 1,050,000
Cost 7,800 53,697 553,670
7,800 53,697 1,603,670

Operational freehold property consists of the commercial premises at Frog Island, Leicester which the charity purchased in December 2009 for £418,695, including professional fees of £4,045 which were paid for by a benefactor. Subsequent capital expenditure has been incurred in the redevelopment of the premises into a state of the art centre and operational headquarters for the charity. Alongside this redevelopment, the property has been fitted out with a series of interactive safety Scenarios.

The property is occupied in the main by the charity for charitable purposes, however 12.5% of the property is also rented out to a third party. The freehold property on the balance sheet represents the part of the property occupied by the charity.

The company has taken advantage of the transitional arrangements and adopted the valuation of the property as cost for the future. No further revaluations, other than any required for impairment, will be recognised in the accounts. The recent valuation in 2022 undertaken by Andrew Granger & Co Limited at an open market value of £1,200,000 has been adopted.

No depreciation is provided on the cost of land included within the freehold property. The estimated cost of land attributable to the freehold portion is £210,000.

If no revaluation had been undertaken the portion attributable to freehold property would show at the following historical cost.

£   
Cost
At 1st September 2023 and 31 August
2024


904,814

Depreciation based on cost
At 1st September 2023173,272
Charge for the year14,596
At 31 August 2024187,868
Net book value
At 31 August 2024716,946
At 1st September 2023731,542


WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


12. INVESTMENT PROPERTY
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 150,000
NET BOOK VALUE
At 31 August 2024 150,000
At 31 August 2023 150,000

Investment property comprises the tenanted area of the freehold building owned by the charity. In accordance with FRS 102 this building has been split into its two parts and the investment property on the balance sheet represents the part of the property that is rented out.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 150,000

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,931 8,888
Prepayments and accrued income 5,684 1,646
9,615 10,534

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 16) 10,311 10,056
Other loans (see note 16) 20,000 20,000
Other creditors 3,483 2,552
Social security and other taxes 5,337 4,935
Accruals and deferred income 5,099 3,693
44,230 41,236


WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 16) 7,905 18,215
Other loans (see note 16) 40,000 60,000
47,905 78,215

16. LOANS

During 2019 the charitable company received an interest free loan of £100,000 from the Everard Foundation, for which repayments are due at £20,000 per annum over a 5 year period. The first repayment was paid in March 2023, with the second instalment in May 2024. Notional interest on the loan, calculated at 2.5% above the Bank of England Base Rate, has been included as a resource expended and as an incoming resource within Donated services and gifts in kind.

17. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.9.23 in funds funds 31.8.24
£    £    £    £   
Unrestricted funds
General fund 227,750 31,050 (20,000 ) 238,800
Operational Freehold Property 777,592 (16,800 ) 20,000 780,792
Revaluation reserve 293,608 - - 293,608
Fair value reserve 25,000 - - 25,000
1,323,950 14,250 - 1,338,200
Restricted funds
Water Zone 8,667 (8,667 ) - -
WZ Roadcrew 85 (85 ) - -
8,752 (8,752 ) - -
TOTAL FUNDS 1,332,702 5,498 - 1,338,200

WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


17. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 464,517 (433,467 ) 31,050
Operational Freehold Property - (16,800 ) (16,800 )
464,517 (450,267 ) 14,250
Restricted funds
Water Zone - (8,667 ) (8,667 )
WZ Roadcrew - (85 ) (85 )
- (8,752 ) (8,752 )
TOTAL FUNDS 464,517 (459,019 ) 5,498


Comparatives for movement in funds

Net Transfers
movement between At
At 1.9.22 in funds funds 31.8.23
£    £    £    £   
Unrestricted funds
General fund 168,242 79,508 (20,000 ) 227,750
Operational Freehold Property 774,392 (16,800 ) 20,000 777,592
Revaluation reserve 293,608 - - 293,608
Fair value reserve 25,000 - - 25,000
1,261,242 62,708 - 1,323,950
Restricted funds
Water Zone 21,667 (13,000 ) - 8,667
WZ Roadcrew 321 (236 ) - 85
21,988 (13,236 ) - 8,752
TOTAL FUNDS 1,283,230 49,472 - 1,332,702

WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


17. 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 489,797 (410,289 ) 79,508
Operational Freehold Property - (16,800 ) (16,800 )
489,797 (427,089 ) 62,708
Restricted funds
Water Zone - (13,000 ) (13,000 )
WZ Roadcrew - (236 ) (236 )
- (13,236 ) (13,236 )
TOTAL FUNDS 489,797 (440,325 ) 49,472

Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charity's objects.

Designated funds are unrestricted funds which have been earmarked for particular purposes as follows:
Expenditure on the purchase and redevelopment of Operational Premises and the creation of Scenarios, which have in whole or in part been funded out of restricted funds (see below), is transferred to separate designated funds, net of the loans secured on the assets. These funds are reduced over the useful economic lives of the assets in line with their depreciation.




Water Zone
Whilst the charity has always had a zone specifically relating to the dangers of being in or near water it had become outdated and did not cover certain risks. Thanks to a £50,000 grant from The Mick George Community Fund with added support from the Everard Foundation and The Santander Foundation the charity was able to have a new Water Zone designed, built and installed in March 2019. Funds from the aforementioned donors was specifically used for the new zone. In addition to the historic risks covered in this zone the charity now also covers the dangers of exposure to the sun, tombstoning, cold water shock and a broader coverage of dangers relating to the seaside. All the aforementioned funds were specifically used to develop the new water Zone.

WZ Roadcrew
In 2019 the Rank Foundation awarded the charity a grant of £55,000 over three years (£15k, £20k & £20k) which is to be used only for the purposes of developing Road Crew. The first tranche was received in August 2019 followed by £20K in August 2020 and £20K in August 2021 and is being used in accordance with the terms and conditions required by The Foundation.


WARNING ZONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


18. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a pension scheme. The assets of the scheme are held separately from those of the charity within independently administered funds. The charge for the year was £4,949 (2023: £4,566). Contributions of £nil (2022: £nil) were unpaid at the year end.

19. RELATED PARTY DISCLOSURES

During the period the company purchased goods and services from Signum Corporate Communications Limited, amounting to £8,652 (2023: £9,861). An amount of £nil (2023: £Nil) was owed to Signum Corporate Communications Limited at the year end.

Mr AM Kapur, trustee, is a director of Signum Corporate Communications Limited.