Charity registration number: 1015118
Red Hill Christian Centre (formerly Sidney & Evelyn Savage Trust)
Annual Report and Financial Statements
for the Year Ended 31 March 2023
C Wiltshire Accountancy Chartered Accountants 6 Slingates Road Stratford-upon-Avon CV37 6ST
## **Red Hill Christian Centre**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Statement of Trustees' Responsibilities|5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 18|
## **Red Hill Christian Centre**
## **Reference and Administrative Details**
**Trustees** Mr P Timms Mr T Brooker Mr M Kirby Rev Dr M M Watkins Miss E Webb **Other Officers** Mr M Kirby, Finance Manager **Charity Registration Number** 1015118 **Principal Office** Red Hill Christian Centre Snitterfield Stratford-upon-Avon CV37 0PQ **Independent Examiner** C Wiltshire Chartered Accountant 6 Slingates Road Stratford-upon-Avon CV37 6ST **Accountants** C Wiltshire Accountancy 6 Slingates Road Stratford-upon-Avon CV37 6ST **Bankers** Barclays Bank plc 48/50 The Parade Leamington Spa CV32 4DD
Page 1
**Red Hill Christian Centre**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr P Timms Mr T Brooker Mr M Kirby Mrs A Kirby (resigned 13 July 2023) Rev Dr M M Watkins Miss E Webb (appointed 20 January 2023)
## **Objectives and activities**
## _**Objects and aims**_
The objects of Red Hill Christian Centre are to provide a Centre for spiritual refreshment for individuals and groups by offering short-term breaks for individuals, married couples and small groups. The Centre also provides facilities for larger (up to 60) non-residential groups for meetings and conferences.
## _**Public benefit**_
The trustees consider that the aims and objectives of the charity and its activities set out in the report are all for the benefit of the public.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
The centre was open for business as usual for the period April 2022 through to April 2023. There no longer remained any restrictions due to the COVID-19 pandemic. The W/C and laundry facility, which was completed in April 2022, was used throughout this period.
The lawns, footpaths, meadows and woodlands of the estate have been maintained throughout this period.
The sale of a small package of land at the rear of the properties on Park Lane, Snitterfield was commenced in April 2021. This sale was completed 13th April 2022.
## **Financial review**
The trustees consider that the financial position is sound and its reserves, all of which are unrestricted, provide a sound basis for the continuing operation of the charity.
Page 2
## **Red Hill Christian Centre**
## **Trustees' Report (continued)**
## _**Policy on reserves**_
The Trustees regularly examine the requirements for income reserves adequate to ensure the charity will continue to meet the future needs of the charity.
Red Hill is fortunate in that it owns its buildings and the land immediately adjacent to them. The money for this was given by donation at the beginning of the project.
Running costs are met from voluntary and fund-raising income which presently meets all current commitments.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is controlled by its governing document, a deed of trust dated 5th October 1992 and constitutes an unincorporated charity.
## _**Recruitment and appointment of trustees**_
Trustees are appointed from supporters of the charity who share its aims and objectives.
## _**Induction and training of trustees**_
Full training for new Trustees is organised through CCI, an organisation that assists residential centres such as Red Hill in legal, financial and general advice. The Centre has previously used courses run by them.
Page 3
## **Red Hill Christian Centre**
## **Trustees' Report (continued)**
## _**Organisational structure**_
The overall responsibility for the management of the Centre rested with the Trustees who delegated the day to day management to Tom Brooker as Director. Tom Brooker remained in his appointment as Director on a part time basis.
Mr Peter Timms (Chair of Trustees) supported Tom Brooker (Director) as ‘Development Manager’ for the Centre.
Mr Mark Kirby (Trustee) supported Tom Brooker as ‘Finance Manager’ for the Centre.
Mrs Victoria Ormesher supported Tom Brooker as ‘Operations Manager’ for the Centre.
Mrs Michelle Jinks continues to have responsibility as Bookings Secretary with additional responsibility for marketing.
Mrs Sheila Collie continued in her role as Administrative Assistant and Catering Manager.
Mrs Margaret Hewins remained as Housekeeper.
Weekend Duties were managed by Mrs Bryony Brooker and Mr & Mrs Tom and Olivia Brooker.
Mr Matt Brooker continued in his responsibility as Estates Manager responsible for all Estates staff and maintenance staff.
Mr Simon Green continued on staff responsible for maintenance and allied tasks. Mr Philip Kelsey continued in his able assistance on the estates team as a volunteer.
The team meets regularly to plan the running of the Centre as Team Leaders, Spiritual Council, day to day staff team, and report to the Trustees at quarterly meetings.
## _**Major risks and management of those risks**_
## _General management and administrative risks_
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The annual report was approved by the trustees of the charity on 19 October 2023 and signed on its behalf by:
## **Mr P Timms**
Trustee
Page 4
## **Red Hill Christian Centre**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 19 October 2023 and signed on its behalf by:
**Mr P Timms** Trustee
Page 5
## **Red Hill Christian Centre**
## **Independent Examiner's Report to the trustees of Red Hill Christian Centre**
I report to the trustees on my examination of the accounts of Red Hill Christian Centre for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity trustees of Red Hill Christian Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Red Hill Christian Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Red Hill Christian Centre as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
## **C Wiltshire**
Chartered Accountant
6 Slingates Road Stratford-upon-Avon CV37 6ST
19 October 2023
Page 6
## **Red Hill Christian Centre**
## **Statement of Financial Activities for the Year Ended 31 March 2023**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Grants, including capital grants
2
Fundraising income
3
Interest receivable and similar income
4
Gains on sale of tangible fixed assets for
charity's own use
Total income
**Expenditure on:**
Charitable activities
5
Raising funds
7
Support Costs
8
Governance costs
9
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**funds**
**£**
91,038
5,000
54,081
14
323
150,456
141,214
7,697
5,541
1,522
155,974
(5,518)
(5,518)
1,562,141
1,556,623|**Total**
**2023**
**£**
91,038
5,000
54,081
14
323
150,456
141,214
7,697
5,541
1,522
155,974
(5,518)
(5,518)
1,562,141
1,556,623|**Total**
**2022**
**£**
257,016
23,649
41,858
7
-|
|---|---|---|---|
||||322,530|
||||133,311
5,288
5,732
2,092|
||||146,423|
||||176,107|
||||176,107
1,386,033|
||||1,562,140|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 16.
The notes on pages 9 to 18 form an integral part of these financial statements. Page 7
## **Red Hill Christian Centre**
## **(Registration number: 1015118) Balance Sheet as at 31 March 2023**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
14
**Creditors: Amounts falling due within one year**
15
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
16|**2023**
**£**
1,547,425
4,644
10,549
15,193
(5,995)
9,198
1,556,623
1,556,623
1,556,623|**2022**
**£**
1,553,909
5,316
10,583|
|---|---|---|
|||15,899
(7,668)|
|||8,231|
|||1,562,140|
|||1,562,140|
|||1,562,140|
The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 19 October 2023 and signed on their behalf by:
## **Mr P Timms**
Trustee
## **Mr M Kirby**
Trustee
The notes on pages 9 to 18 form an integral part of these financial statements. Page 8
**Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Red Hill Christian Centre meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income and donations are accounted for as received by the charity. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs. No permanent endowments have been received in the period. Where donations are received under the provisions of the Gift Aid Scheme or ongoing Covenant arrangements, credit is given in the current financial period for tax refunds arising which will be claimed in respect of donations received in the period.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Investment income**_
Interest receivable on bank deposits is recognised when credited to the bank account.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they are allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Page 9
## **Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## _**Raising funds**_
Fundraising and publicity expenses comprise costs incurred in providing hospitality to those individuals and groups using the centre's facilities. Other costs incurred in informing people of the work of the charity and the needs it meets without making a direct appeal for contributions are included in support costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant expenditure**_
The charity makes small grants and gifts to individuals for whom it provides pastoral care and support.
## **Support costs**
Expenditure on management and administration of the charity shown as support costs includes all expenditure not directly related to the charitable activities or fund-raising ventures.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Irrecoverable VAT**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## **Taxation**
The charity is exempt from tax on its charitable activities.
Value added tax is not recoverable by the charity and as such is included in the relevant costs in the Statement of Financial Activities.
Page 10
## **Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **Tangible fixed assets**
Fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The charity's land and buildings are subject to periodic revaluation either by an independent chartered surveyor or incorporating intermediate estimates by the Trustees
## **Depreciation and amortisation**
All tangible assets for use by the charity are initially recorded at cost.
Freehold land is not depreciated. Freehold buildings are not depreciated as in the opinion of the Trustees, their residual value will not be significantly different from their carrying value in the accounts, and therefore such depreciation would be immaterial. Where buildings are not depreciated, they are subject to regular impairment reviews and provision for impairment made where appropriate.
Depreciation is provided to write off the cost of other assets less their estimated residual values, over their expected useful lives as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Plant and machinery, furniture etc:|15% reducing balance|
|Office equipment:|33% reducing balance|
|The cost of land included in the balance sheet but not depreciated is £526,253.||
The charity's land and buildings are subject to periodic revaluation by an external chartered surveyor, with intermediate revaluations estimated by the trustees.
## **Trade debtors**
Trade debtors are amounts due from individuals and organisations using the facilities operated by the charity in the ordinary course of business.
Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the transaction.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
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.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 11
## **Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
Restricted funds account for situations where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Government grants
Grants from other charities
**3 Income from charitable activities**
Conference donations, room hire and
accommodation
Residential fees
Barn fees
Day bookings
Keepsakes|**Unrestricted**
**funds**
**General**
**£**
75,564
15,474
-
5,000
96,038
**Unrestricted**
**funds**
**General**
**£**
21,132
12,408
20,487
54
54,081|**Total**
**2023**
**£**
75,564
15,474
-
5,000
96,038
**Total**
**2023**
**£**
21,132
12,408
20,487
54
54,081|**Total**
**2022**
**£**
243,334
13,682
18,649
5,000|
|---|---|---|---|
||||280,665|
||||**Total**
**2022**
**£**
10,897
13,356
16,834
771|
||||41,858|
Page 12
**Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **4 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**5 Expenditure on charitable activities**
**Note**
**Costs of operation of the**
**Centre**
Staff costs
6
Honoraria
Training costs
Rates and water
Light, heat and power
Insurance
Maintenance of buildings and
grounds
Equipment hire and repairs
Telephone and fax
Gifts and donations
Cleaning and laundry
Waste Disposal
Sundry expenses
Depreciation of plant and
machinery
Depreciation of office
equipment
Grant funding of activities -
Pastoral costs|**Unrestricted**
**funds**
**General**
**£**
14
14
**Unrestricted**
**funds**
**General**
**£**
86,093
3,360
785
7,316
10,072
6,585
7,297
1,708
3,273
3,987
4,585
924
2,098
2,953
15
163
141,214|**Total**
**2023**
**£**
14
14
**Total**
**2023**
**£**
86,093
3,360
785
7,316
10,072
6,585
7,297
1,708
3,273
3,987
4,585
924
2,098
2,953
15
163
141,214|**2022**
**£**
7|
|---|---|---|---|
||||7|
||||**2022**
**£**
77,394
3,360
(18)
6,471
11,389
6,267
9,885
4,712
4,166
514
3,090
583
2,096
2,771
22
609|
||||133,311|
## **6 Staff costs**
The aggregate payroll costs were as follows:
Page 13
## **Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
|**Staff costs during the year were:**
Wages and salaries
Social security costs|**2023**
**£**
86,093
-
86,093|**2022**
**£**
77,394
-|
|---|---|---|
|||77,394|
The monthly average number of persons (including members of the leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|the charity during the year expressed as full time equivalents was as follows:||
|---|---|
|**2023**
**No**
Operation and administration of the centre
7
No employee received emoluments of more than £60,000 during the year|**2022**
**No**
6|
|||
## **7 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|Catering costs
Fees for visiting speakers|**Unrestricted**
**funds**
**General**
**£**
7,597
100
7,697|**Total**
**2023**
**£**
7,597
100
7,697|**2022**
**£**
4,928
360|
|---|---|---|---|
||||5,288|
Page 14
**Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **8 Support Costs**
|Computer software and maintenance costs
Printing, postage and stationery
Subscriptions
Sundry expenses
Conferences and travel
Advertising and website
Bank charges|**Unrestricted**
**funds**
**General**
**£**
25
408
1,541
-
846
2,184
537
5,541|**Total**
**2023**
**£**
25
408
1,541
-
846
2,184
537
5,541|**Total**
**2022**
**£**
147
597
1,838
1,248
-
1,540
362|
|---|---|---|---|
||||5,732|
## **9 Governance Costs**
|**Governance Costs**||||
|---|---|---|---|
|Independent Examiner’s remuneration
Legal fees
Other governance costs|**Unrestricted**
**funds**
**General**
**£**
640
97
785
1,522|**Total**
**2023**
**£**
640
97
785
1,522|**Total**
**2022**
**£**
760
400
932|
||||2,092|
## **10 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Mr T Brooker**
Mr Tom Brooker receives remuneration as the Centre Director (part time). For 2022-23 this amounted to £13,788 (2022: £13,248).
## **Mr P Timms**
Mr Peter Timms received an honorarium for providing Pastoral Care amounting to £3,360 (2022: £3,360).
## **Mr M Kirby**
Mr M Kirby received remuneration of £6,556 (2022: £10,993) during the year.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year in their capacity as trustees.
No trustees have received any reimbursed expenses from the charity during the year.
Page 15
**Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**Cost**
At 1 April 2022
Additions
Disposals
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022|**Land and**
**buildings**
**£**
1,538,159
2,500
(10,000)
1,530,659
-
-
-
1,530,659
1,538,159|**Furniture and**
**equipment**
**£**
58,821
3,984
-
62,805
43,071
2,968
46,039
16,766
15,750|**Total**
**£**
1,596,980
6,484
(10,000)|
|---|---|---|---|
||||1,593,464|
||||43,071
2,968|
||||46,039|
||||1,547,425|
||||1,553,909|
## **Revaluation**
The fair value of the charity's land and buildings was revalued on 31 March 2012. An independent valuer was not involved.
The freehold buildings and their underlying land were valued on 8th March 2007 and further surrounding land previously valued on 13th October 2006 at open market value both by Godfrey-Payton, Chartered Surveyors, an independent firm. A further revaluation was made by the trustees of the value of the land component of the charity’s land and buildings as at 31st March 2012 and the resulting increase incorporated in the accounts to 31st March 2012.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,071,240 (2022 - £1,068,740).
Page 16
## **Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
|**13 Debtors**||||||||
|---|---|---|---|---|---|---|---|
|||||||**2023**|**2022**|
|||||||**£**|**£**|
|Prepayments||||||1,009|520|
|Other debtors||||||3,635|4,796|
|||||||4,644|5,316|
|**14 Cash and cash equivalents**||||||||
|||||||**2023**|**2022**|
|||||||**£**|**£**|
|Cash on hand||||||50|50|
|Cash at bank||||||10,499|10,533|
|||||||10,549|10,583|
|**15 Creditors: amounts falling**|**due within one year**|||||||
|||||||**2023**|**2022**|
|||||||**£**|**£**|
|Other taxation and social security||||||-|959|
|Other creditors||||||-|757|
|Accruals||||||5,995|5,952|
|||||||5,995|7,668|
|**16 Funds**||||||||
|||**Balance**|**at 1**||**Incoming**|**Resources**|**Balance at 31**|
|||**April 2022**||**resources**||**expended**|**March 2023**|
||||**£**||**£**|**£**|**£**|
|**Unrestricted funds**||||||||
|General||1,562,141|||150,456|(155,974)|1,556,623|
||**Balance at**||||||**Balance at**|
||**1 April**||**Incoming**||**Resources**||**31 March**|
|||**2021**|**resources**||**expended**|**Transfers**|**2022**|
|||**£**||**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||||
|General|1,380,033||144,171||(146,423)|184,359|1,562,140|
|Designated||6,000|178,359||-|(184,359)|-|
|**Total funds**|1,386,033||322,530||(146,423)|-|1,562,140|
Page 17
## **Red Hill Christian Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **17 Analysis of net assets between funds**
|**17 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
1,547,425
15,193
(5,995)
1,556,623|**Total funds**
**at 31 March**
**2023**
**£**
1,547,425
15,193
(5,995)
1,556,623|**2022**
**£**
1,553,909
15,899
(7,668)|
||||1,562,140|
Page 18