KCHC Annual Review 2023-24 WEB Singles - Flipbook - Page 53
Notes to the financial statements
2.2. Analysis of net assets between funds
The net assets that back these funds are as follows:
Year ended 31 March 2024
Unrestricted
funds
Restricted
funds
Endowment
funds
Total
funds
Unrestricted
funds
Restricted
funds
Endowment
funds
Year ended 31 March 2023
Total
funds
£’000
£’000
£’000
£’000
£’000
£’000
£’000
£’000
41
-
-
41
33
-
-
33
24,022
5,975
-
29,997
23,982
5,675
100
29,757
Debtors
944
-
-
944
397
-
-
397
Cash
537
-
-
537
391
-
-
391
Total assets
25,544
5,975
-
31,519
24,803
5,675
100
30,578
Net current liabilities
(5,579)
(2,349)
-
(7,928)
(4,583)
(1,836)
-
(6,419)
(123)
(351)
-
(474)
(994)
(174)
-
(1,168)
19,842
3,275
-
23,117
19,061
3,831
100
22,991
Fixed assets – tangible
Fixed assets – investments
Long-term liabilities
and provisions
Total net assets
2.3. Prior year adjustment
The previously reported balance on the general fund and restricted funds are restated to reflect the balance
transfer from the David Hughes Special Trust to fund the Crown Fund in 2022/23 as restricted.
Summary of the prior year adjustment
£’000
Restricted funds previously reported at 1 April 2023
3,665
Adjustment: increase in brought forward restricted funds
165
As restated restricted funds at 1 April 2023
3,830
General funds previously reported at 1 April 2023
5,722
Adjustment: decrease in brought forward general funds
(165)
As restated general funds at 1 April 2023
5,557
The above adjustment has no impact on the position as
at 1 April 2022 nor the reported net expenditure of the
Charity for the year ended 31 March 2023.
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