Statement of Changes in Taxpayers’ Equity for the year ended 31 March 2026

	Note	General fund £000	Revaluation reserve £000	Taxpayers’ equity £000
Balance at 31 March 2024		(21,703)	1,266	(20,437)
Net Parliamentary funding – drawn down		840,866	-	840,866
Net Parliamentary funding – deemed		6,111	-	6,111
Supply adjustment		(901)	-	(901)
Comprehensive net expenditure for the year	SoCNE	(830,351)	834	(829,517)
Non-cash charges – auditor’s remuneration	3	149	-	149
Non-cash charges – auditor’s remuneration		292	(292)	-
Balance at 31 March 2025		(5,537)	1,808	(3,729)
Net Parliamentary funding – drawn down		910,263	-	910,263
Net Parliamentary funding – deemed		901	-	901
Supply adjustment		(3,926)	-	(3,926)
Comprehensive net expenditure for the year	SoCNE	(889,456)	-	(889,456)
Non-cash charges – auditor’s remuneration	3	149	-	149
Transfers between reserves		215	(215)	-
Balance at 31 March 2026		12,609	1,593	14,202

The notes form part of these accounts.