TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENT FOR SHARED INTEREST FOUNDATION 2024/25 - Report - Page 20
NOTES TO THE FINANCIAL STATEMENTS
17. MOVEMENT IN FUNDS
Unrestricted Income funds
Balance at
1 October
2023
Income
Expenditure
Transfer
between
funds
Designation
Balance at
of funds 30 September
2024
£
£
£
£
£
£
95,318
350,481
(160,832)
(15,146)
(161,831)
107,990
Unrestricted designated funds
322,153
-
(111,866)
15,146
161,831
387,264
Restricted Income funds
127,558
172,414
(209,465)
-
-
90,507
545,029
522,895
(482,163)
-
-
585,761
In 2023 the Trustees designated a further £270,000 for a number of projects which are ongoing. The Trustees have
designated a further sum of £161,831 at the year-end for other projects.
18. ULTIMATE PARENT COMPANY
The ultimate parent undertaking and controlling party of Shared Interest Foundation is Shared Interest Society Ltd (a Registered
Society in the UK, registration number IP27093R) by virtue of Shared Interest Society Ltd being the only member of the
Foundation. The financial statements of Shared Interest Society Ltd are available from the registered office of Shared Interest
Foundation, as shown on page 3.
Shared Interest Foundation - Trustees’ Report and Financial Statements for the year ended 30 September 2024
page 20
