upReach Annual Report 2023-24 - Report - Page 61
Notes To The Financial Statements
For The Year To 31 July 2024
19. Net Assets Note
Unrestricted
funds
£
Restricted
funds
£
Total
2024
£
Total
2023
£
Tangible 昀椀xed assets
20,133
-
20,133
31,744
Cash
898,608
787,926
1,686,534
1,181,276
Net current assets/
(liabilities)
(112,062)
(787,926)
(899,988)
(545,451)
Total net assets
806,679
-
806,679
667,569
2024
£
2023
£
1,984,679
1,708,611
1,214,180
1,118,937
Fund balances at 31 July
are represented by:
20. Financial Instruments
The group’s 昀椀nancial instruments may be analysed as follows:
Financial assets
Financial assets measured at amortised cost
Financial liabilities
Financial liabilities measured at amortised cost
Financial assets measured at amortised cost comprise cash at bank and trade debtors.
Financial liabilities measured at amortised cost comprise trade creditors, other creditors
and accruals.
21. Related Party Transactions
There have been no related party transactions in the reporting period that require disclosure
(2023 – none).
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