THE DELL OUT OF SCHOOL CLUB
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
Confidential

The Dell Out of School Club
CONTENTS
Trustees and Advisors.-.
Trustees Report..........................
Statement of Trustee's Responsibilities............
Independent Examiners Report.....
Statement of Financial Activities.-.
.13
Balance Sheet...........................
.14
Notes to the Financial Statements....
.15
Confidential

The Dell Out of School Club
TRUSTEES AND ADVISORS
Trustees
Under the constitution, the activities of The Dell Out of School Club ("The Dell") are
coordinated by a committee of Trustees whose power and responsibilities afe defined in the
Governing document. The Committee of Trustees who served during the year are set out
Helen Fellows (Co-chair)
Matthew Hill (Co Chair)
Kieren Tucker
Claire Martin (Secretary)
Re-appointed as Chair on 18th Jan 2024
Appointed as Chair on 18 Jan 2024
(Resigned from Committee 1110124)
Appointed Secretary 15111123
{Resigned from Committee 119124)
Committee member
Committee member
Committee member
Rehka Rancordias
Kirsty Wilkojc
Vicki Nutt
Registered Address:
Rapiergroup
Rapier House
4 - 6 Crane Mead Business Park
Crane Mead, Ware
Hertfordshire
SG12 9PW
Registered Charity Number:
1038546
Business Address:
The Dell Oul of School Club
Morgans JMI School
Morgans Road
Hertford
Herts
SG13 8DR
Independent Examiner..
Francis Corbishley, FCA
Moore NHC Audit Limited
East Wing
Goffs Oak House
Goffs Lane
Goffs Oak
Hertfordshire
EN7 5GE
Confidential

The Dell Out of School Club
TRUSTEES REPORT
For the Year Ended 31 August 2024
The Trustees present their report together with the financial statements for the year ended 31
August 2024. The financial statements have been prepared in accordance with the accounting
policies set out on Page 15 and comply with the requirements of the trust deed, the Statement
of Recommended Practice on Accounting and Reporting by Charities (SORP FRS 1021 and
the Charities Act 2011.
structure, Governance and Management
The Trust is governed by the trust deed dated 30 September 1993, is registered with the
Charily Commission and its registration number is 1038546.
The Trustees are 815 users of the club. The Committee meets up every 6-8 weeks to review
Ihe running of the Club. The Committee is made up of elected persons drawn from parents
and carers whose Ghildrer) use The Dell, staff and other interested parties. Being a voluntary
organisation, the Trustees are always looking for parents to assist with the decision making
that goes on around the running of The Dell. Trustees are required to be vetted as "suitable
to run a childcare business" by OFSTED.
The Trustee's role is to
Ensure The Dell is carrying out its duties for public benefit.
Ensure compliance with The Dell's governing document "Constitution" and the UK
Law.
Act in The Dell's best interest.
Manage The Dell's resources responsibly.
Act with reasonable care and skill.
Ensure The Dell is accountable.
The Trustees play a vital part of The Dell's effectiveness, and they rely on the feedback from
parents, children and staff. The Trustees are given training and may attend relevant courses
and seminars as appropriate to their role within the Charity.
Objects, Public Benefit, Aims, Objectives and Principal Activities
The Charity's aim is to provide public benefit, in compliance with the duty in Section 4 of the
Charities Act 2011 to have due regard to the Charity Commission's published general and
relevant sub-sector guidance, and in accordance with its trusl deed.
Objectives and activities
The Charity was formed with the following objectives..
Providing the necessary facilities for the daily care, recreation, and education of
children during out of school hours and school holidays.
To advance the education and training of persons in the provision of such care,
education, and recreational facilities.
Confidential

The Dell Out of School Club
TRUSTEES REPORT {Continued}
Brief History
The Dell was first established in September 1991 by two parents caring for six children after
school two days a week and grew from there. In January 2004 the breakfast club was formed
and proved SUGcessful. Income from fees has previously been supplemented over the years
by grants from various local bodies. The club has grown to service the needs for a vast number
of families with children at Morgans School for breakfast, after school, and holiday care.
In January 2011 The Dell expanded, providing Breakfast & After School Club. to Abel Smith
pupils based at this school.
During school holidays in addition to offering services for both our host schools, The Dell
attracts further families from the community who are looking for regular childGare, fun activities
orjust a break.
The Dell Out of School Club
The Dell Out of School Club currently operates term time breakfast and after school clLJbs at
two school sites in Hertford:_ Morgan's JMI School & Abel Smith School, as well as a holiday
play scheme usually based at Morgans School.
Each ofthe clubs are managed by a qualified Manager. Both sites are registered with OFSTED
for the provision of Early Years and Childcare for children between the ages of 312. Morgans
last inspected August 2018 and Abel Smith in Jan 2020.
The Dell Abel Smith School
The Breakfast Club Now merged for all year groups is based in the School Dining Room and
this year provides care between 7.30am and 9.00am for up to 48 children.
There is a free choice of indoor activities including art, games and reading. Children chat to
their friends al the breakfast table or for those slow to wake up, just sit quietly. Breakfast of
cereal and toast is seNed until 8.30am.
The After-school Club. Our afler-school provision for children up to the end of Year 1 is held
in the Annexe building for 20 children with the older children from Year 2 upwards using the
Dining hall and ICT suite, providing capacity to offer up to 24 children in this age group
There is a weekly theme to engage the children in educational play as well as time spent outside
in the school fields or school playground. Parents and staff have been very generous in providing
new toys and activities to enhance the children's play. Besides offering a full range of play and
recreational activities our afterschool clubs provide a healthy light tea to the children who attend.
Occasionally the children may have an outside trip or nature trail into the town or to the
churchyard next to the school.
Confidential

The Dell Out of School Club
TRUSTEES REPORT (Continued}
The Dell - Morgan's JMI School
The Breakfast Club is based in the school dining room and this year provided care between
7.30am and 9.00am for up to 48 children.
In 2023 the breakfast club was split as a total capacity had been exceeded and so now the
Early Years children attend Breakfast club in the annexe building whilst those aged year 2 and
above attend in the dining room in Queens building.
There is a free choice of indoor activities including art, games and reading. Children chat to
their friends at the breakfast table or can play a selection of table top games. Breakfast of
cereal and toast is served until 8.30am. The children are escorted to line up for class at around
8.45am.
The Mandeville Club after school until 6pm daily and is based in the annexe. It provides
care and activities for Nursery and Infant children up to and including Year 1. The children's
play and learning are enhanced via the Early Years Framework and linkages to school
themes and activities. A light healthy tea is prepared and offered daily. Staff who work in this
area are qualified in childcare.
The Queens Club (Years 2-6) Based in the school dining room and Queens Hall it provides
care and activities until 6pm. A light healthy tea is made with the children's input, especially with
the menu planning. Indoor activities available to the children include free choiGe of home corner,
pool table, table tennis. cooking art and craft, Lego, k-nex and other construction toys, board
games, quiet corner for reading and resting. We use the hall for the team games and sports.
Outdoor sports include cricket, tennis, trim trail, Tree house, small bikes, skipping etc. also sand
2nd water play as well as gardening for the Early Years children.
Holiday scheme
Operates during the school half terms, Easter and the whole of the summer holidays and
occasionally part of Christmas Holiday. We also offer subject to demand childcare on
insetloccasional days The holiday club has themed aGtivity weeks and are open to children
aged three to eleven. In addition to the activities available during term time, play scheme free
choice activities includes different art and crafts, team sports, bouncy castle, bowling, and walks
to visit Socal places of interest i.e. park visits, and sports, dancing and storytelling.
Our aim is to review and improve of the quality of services we offer to our families. As well as
to provide a good support and development structure for our staff. We continue to build on
our partnership with parents and promote a sense of belonging, emphasising the fact that
everyone - parents, children, committee and staff, have a part to play in making a success of
the club.
Staffing at The Dell
Staffing is based on a ratio of 1..8 children, with some additional support form Assistant
Playleaders to help the current staff. The Dell has been fortunate lo employ full time qualifsed
managers and deputies at both clubs which has helped with succession planning. In 2023 we
have taken on an Apprentice who qualifies in early 2025 and we have been fortunate to recruit
some additional qualified staff .
Succession planning has also been enhanced by recruiting I promoting existing staff to
become Senior Playleaders. Our core team of Dell staff have all worked extremely hard and
Confidentia5

The Dell Out of School Club
TRUSTEES REPORT (Continued)
have been committed to their jobs by providing excellent services to the various clubs. At the
start of the year we had aroLJnd 25 staff on our payroll.
Staffing is kept flexible through a mixture of fixed, term time, bank and seasonal conlracts.
Team working and staff participation is encouraged through regular supervisions, team
meetings and things like team building events. Some of our students were ex pupils who
attended The Dell during their primary school years.
Staff are equipped with the skills required through due diligence training courses such as First
Aid, Food Safety, Child Protection and activity courses.
Achievements and Performance
The Dell continues to recover from the pandemic and numbers appear to be returning to pre-
pandemic levels particularly at Morgans although Abel Smith reflected a downturn at Breakfast
club due to parents working from home.
Our holiday club returned a good revenue particularly from children under 5 years. Other
local out of school clubs focused on their term time offer so we became the only oul of
school club in the local area providing OFSTED holiday provision for under 5's. Whilst there
was availability for Early Years children within some local private nurseries. our costs
remained competitive and the fact we were able to offer sibling places helped.
We adapted staffing and activities to meet the demand of a younger age group and ensuring
staff were able to meet the additional needs of these younger children.
The continued use of our online booking system coupled with the use of social media allowed
easy access for parents to book and pay online via stripe and the ability to receive direct debit
payments via Go Cardless helped streamline some of the payment processes.
Both host schools are supportive of the services we provide and have continued to help us in
negotiating a fair rent for the sessions we run. A significant increase in rent during the holidays
in Morgans has helped keep the competition on this site al bay and we have had facilities
allowing us to offer care for both older and younger children.
Staff continue to receive training in Pediatricl First Aid and online courses for Safeguarding
Prevent, FGM and food hygiene.
Staff contracts were changed to reflect changes in the law around holiday pay and these are
now in place and staff are feeling the benefits of receiving consistent salary payments
throughout the year.
Staff salaries have been reviewed and in line with the Cosl of Living we increased our salaries
during 202314 to meet minimum wage iequirements. And we have also given some staff salary
increases for promising performance.
Confidential

The Dell Out of School Club
TRUSTEES REPORT (Continued)
Staffing
Our Management team has continued to evolve with Karen consolidating in the role as
Manager at Morgans and Sarah Matthews taking over as Deputy Manager to cover Maisie's
malernity leave. Vicki Philpott who joined us in November 23 has been busy in promoting The
Dell at Abel Smith with Gemma as her Deputy.
With the assistance of our Finance Officer and Business Manager and support from Helen
DeBois from Rapier group we ensured that the business remained as streamlined as we could.
We continue to use Xero accounting to track and manage our accounting processes and
having completed a full year will more easily be able to track our costs on a year-to-date basis.
The Dell Commillee have been kept up to speed with the financial posilion and have been
integral to the decision making during the year. As well as supporting with regular meetings.
Rapier Group continues to support The Dell with part time office facilities and finance services
for which we are grateful.
The financial results are shown in the accompanying statement of financial activities, balance
sheet and related notes to those statements.
Financial Review
The attached financial statements show the current state of the finances, and the Trustees
are aware of the results.
Reserves Policy
As a result of the Pandemic the Committee identified there was a shortfall in the likely
redundancy payments which would need to be made to staff in the event of a closurel
suspension of services. The Committee agreed that £30,000 from our reserve accounts be
ring fenced for this if needed
The unrestricted funds amounted to £64,838 12023: £67,216) at the reporting date. The
Trustees aim to maintain a reseNe of three months, running costs. This allows The Dell to
continue operating and provides the capacity to explore new sources of funding should any of
its funding streams be withdrawn or come to an end with no immediate repla￿Ment.
Investment Policy
The Charity's investment policy is not to allow interest lo accumulate but to use it in fulfilling
the Trust's objectives. Income is credited to the appropriate fund. There are no restrictions on
the Trustees, absoSute powers of investmenl.
Confidential

The Dell Out of School Club
TRUSTEES REPORT (Continued)
Risk Management
The Dell regularly reviews its procedures to minimise risk to ils assets and income. This
involves identifying the major risks to which the Trust is exposed, priorilising them in terms of
potential impact and the likelihood of occurrence and establishing systems to manage those
risks.
The financial crisis caused by the pandemic, war in Ukraine and recessionary trends are
resulting in the rising cost of food and utilities will reflect in bookings. It is anticipated that a
few parents will reduce their childcare and it is envisaged some parents may no longer be in
a position to afford us - which may mean that parents choose to look after their children at
home to reduce outgoings.
A greater proportion of parents are continuing to work from home and no longer needing out
of school care which has been observed at Breakfast club at Abel Smith where numbers
haven't returned to prior covid numbers.
The cost of meeting Ihe increases in the living wage is affecting notjust the lower salary levels
but also the staff who previously had been paid above living wage also need increases to
reflect the points of differentiation. The governments increase in 2024 from £10.42 to £11.44
(with a further rise to £12.21 from April 251 has and will continue to significantly affected our
costs particularly as wages are one of the biggest costs to the Dell.
Pressure on wages remains a risk with The Dell having to benchmark against other local jobs
which are offering higher salaries to staff. Staff undergoing pressure to meet the cost of utilities
and other rising costs may look to earn more from other employment. where they can work
longer hours and earn more money- this is particularly the case for our qualified staff.
Additional costs are also likely to be incurred through succession planning and the recruitment
of qualified staff to meet OFSTED Early Years regulations and we are having to offer in excess
of market wages and full-time hours to attract staff to fulfil these roles.
The rising costs of food and increases in rent from our host schools to cover their utilities is
of consideration.
It should be noted as a potential risk that The Labour parties manifesto policy of providing
free "breakfast clubs" for children is unknown. This may have a significant impact on the
Dells finances if a Labour Government explore this and our host schools may offer'free"
breakfast sessions. Which may affect our bottom line.
Despite increasing fees again this year by 5./0 + current projections based on numbers of
bookings and staffing show The Dell to be forecasting a loss of around £6K which is
predominantly caused by the Sikely wage increases needed to cover future living wage costs.
Confidential

The Dell Out of School Club
TRUSTEES REPORT (Continued)
Future Plans
Our current business focus is on trying to retain current contracted numbers and increasing
ad hoc capacity - whilst capping expenditure and reducing outgoings where we can.
The Trustees are keen to promole and conlinue to improve the quality of services provided to
our children in the form of a fun and safe place to be with some great aclivilies.
Benckimarking fees to remain competitive in the area together with careful monitoring of the
impact of any future recessionary downturn or inflation on the wider local economy.
The Trustees aim to ensure that levels of provision meet current demand for childcare and
ensuring staff ralios are maintained whilst operating within financial constraints.
Succession planning remains integral for the Dell to be able to meet its Ofsted Registration.
Developing the capability of our management team to enable the business to be secure if
someone were to leave.
To keep abreast of the Living Wage. The Dell needs to try and provide enhanced pay rates
for staff, while continuing to develop our staff through on the 3ob training. As well as ensuring
all relevant qualifications are kept up to date.
The Dell Committee members are given training to equip them for their roles as Trustees.
The additional income from ad hoc and holiday clubs is essential to support the overall
provision of childcare throughout the year. Therefore. these services need to be actively
promoted and marketed.
The Trustees declare that they have approved the Trustees, Report above.
Signed on behalf of the T tees
Signature
Full Name
i(.i Li b I I-L I latrvJ'
Position
Date
10
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The Dell Out of School Club
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The trustees of The Dell Out of School Club are responsible for preparing the Trustee's Report
and the financial statements in accordance with app5icable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires Ihe trustees to prepared 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, including the income and expenditure, of the Gharity
for that year.
In preparing these financial statements, Ihe 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 UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements., and
Prepare the financial stalements on the going concerns basis unless it is inappropriate
to presume that the charily will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charity. They are also responsible
for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevenlion and detection of fraud and other irregularities.
Confidential

The Dell Oul of School Club
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DELL OUT OF
SCHOOL CLUB
I report to the trustees on my examination of the financial statements of The Dell Out Of School
Club (the charity) for the year ended 31 August 2024.
Responsibilities and basi5 of report
As the trustees of the charity you are responsible for the preparation of the financial statements
in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements carried out under section
145 of the 2011 Act. I n carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145(5)Ibl of the 2011 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
by being a member of The Institute of Chartered Accountants in England and Wales, which is
one of the listed bodies.
have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the
2011 Act.. or
the financial statements do not accord with Ihose records. or
the financial statements do not comply with the applicable 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 olher matters in connection with the examination
to which attention should be drawn in this report in order to enable a proper understanding of the
financial statemenls to be reached.
Francis
rbishley FCA (Senior Statutory Auditor)
Moore NHC Audit Limited
East Wing
Goffs Oak House
Golfs Lane
Goffs Oak
Hei'ifordshire
EN7 5GE
12
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The Dell Out of School Club
STATEMENT OF FINANCIAL ACTIVITIES
For the Year Ended 31 August 2024
Notes
Unrestricted
Funds
2024
Unrestricted
Funds
2023
INCOME
Income from Charltable Activities
Breakfast Club - Morgans
Breakfast Club- Abel Smith
After School CILJbs- Morgans
After School Club- Abel Smith
Holiday Play Schemes
Olher Income
54,948
21,180
110,218
76,936
48,841
150
312,273
50.914
20,010
105,649
79,781
56,290
228
312.872
nvestmenl Income: Interest Received
2,300
1,292
Total Income
314,573
314,164
EXPENDITURE
Expenditure on Charitable A¢tivities
Wages and Social Securily
C05t of Providing Clubs and Play Schemes
Rent
Insurance
Telephone
Printing, Postage and Stationery
Subscriptions
Advertising
Sundry Expenses
IT Equipment
Bank Charges and Interest
255,363
23,976
17.063
2.331
1,247
965
640
276
2.255
528
2,342
306,986
247,115
27,205
19,475
2.178
1,283
879
846
39
2,750
450
2,276
304,496
Expenditure on Governance Costs
9,965
7,434
Total Expenditure
316,951
311,930
Net Movement in Funds
(2.378)
2.234
RECONCONCILIATION OF FUNDS:
Total Funds Brought Forward
Total Funds Carried Forward
67,216
64,982
64,838
67.216
The notes on pages 15 to 18 form an integral part of these financial statements.
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The Dell Out of School Club
BALANCE SHEET
As at 31 August 2024
Notes
Unrestricted
Funds
2024
Unrestricted
Funds
2023
CURRENT ASSETS
Debtors
Short Term Investments
Cash at Bank
6,080
30,000
77,563
113,643
6,219
30.000
81,333
117,552
CREDITORS: Amounts falling due within one year
Creditors
Deferred Income
Accruals
7,589
25,737
15,479
48,805
4,976
23,713
21,647
50,336
NET CURRENT ASSETS
64,838
67,216
NET ASSETS
64.838
67,216
REPRESENTED BY:
Unrestricted Income Funds
64,838
67,216
The financial statements were approved by the board on 2410.
J2025 and signed on ils behalf by..
Trustee
The notes on pages 15 to 18 form an integral part of Ihese financial slalemenls
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The Dell Out of School Club
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024
1. ACCOUNTING POLICIES
Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and the
Republic of Ireland {FRS 102)- Charities SORP (as amended) and the Charities Act 2011.
These financial statements have been prepared under the historical cost convention.
The charity constitutes a public benefit entity as defined by FRS 102.
Going Concern
The Irustees have at the time of approving the financial statements, a reasonable expectation
that the charity has adequate resources to continue in operationa5 existence for the
foreseeable future. Thus the trustees continLAe to adopt the going concern basis of accounting
in preparing the financial statements.
The trustees consider that there are no material unc8rtainties aboul the charity's ability to
continue as a going concern.
Income
The Dell generates its income mainly from breakfast and after school clubs and holiday play
schemes.
Donations, grants and similar income are included in the financial statements when The Dell
becomes entitled to the income and il is probable that the income will be received and the
amount can be measured reliably.
Investment Income
Investment Income relates to bank interest and is inGluded in the financial statements when
receivable.
Expenditure
Resources expended are included in the Statement of Financial Activities on an accruals
basis, inclLisive of any VAT which cannot be recovered. They are recognised when there is a
legal or constructive obligation to pay for expenditure, il is probable that settlement will be
required and the amount of the obligation can be measured reliably.
Tangible Fixed Assets and Depreciation
Assets costing greater than £500 are capitalised and depreciated over their anticipated useful
lives as follows:
Computer Equipment- 330/0 Straight line
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The Dell Out of School Club
NOTES TO THE FINANCIAL STATEMENTS (Continued)
2. CHARITABLE EXPENDITURE
This totalled £316,951 (2023.. £311,930) and is detailed in the Statement of Financial Activities.
The expenditure represents Costs incurred to maintain the running and operations of The Dell.
Such costs are all part of the unrestricted funds of the charity.
Wages and Social Security Costs are apportioned to the following direct activities:
2024
2023
School Club Activities
Support Staff
228,107
27,256
255,363
221,762
25.353
247,115
Staff costs comprise of..
20234
2023
Wages and Salaries
Social Security Costs
243,558
11,805
255,363
234,490
12,625
247,115
The average number of employees during the year were as follows..
2024
Avg
2023
Avg
School Club Activities
Support Staff
11
12
Costs of providing clubs and play schemes include:
2024
2023
Training & Clothing
Play Supplies
Repairs & Refurbishment
Activilies
Food
3,693
2,731
3,746
2,688
10
4,947
15,814
27,205
2,598
14,954
23,976
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The Dell Out of School Club
NOTES TO THE FINANCIAL STATEMENTS (continued)
GOVERNANCE COSTS
These costs represent cosls incurred by finance, human resources, Independent Examiner's
fees and departments attributable to the management of the charity's assets, organisational
adminislration and compliance with constilulional and stalutory requirements. Such costs are
part of unrestricted funds.
2024
2023
Accountancy
Professional Fees
3,960
6,005
9,965
3,960
3,474
7,434
REMUNERATION OF TRUSTEES
The Trustees or persons connected to them did not receive remuneration or reimbursement
of expenditure during the year.
DEBTORS: amounts falling due within one year
2024
2023
Trade debtors
Prepayments
4,904
1,176
6,080
5,125
1,094
6,219
CREDITORS.. amounts falling due within one year
2024
2023
Trade creditors
Other creditors
3,893
1,671
3,305
4,976
7,589
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The Dell Out of School Club
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FUND ACCOUNTING
Analysis of movements in unrestricted fund:
Asat01
September
2023
Asat31
August
2024
Incoming
Resources
Outgoing
Resources
Unrestricted Funds
67,216
314,573
(316,951 }
64,838
Analysis of movements in unrestricted funds- previous year..
Asat01
September
2022
Asat31
August
2023
Incoming
Resources
Outgoing
Resources
Unrestricted Funds
64,982
314,164
(311,930)
67,216
Purpose of Unrestricted Funds
The purpose of the funds is to be used in accordance with the charitable objects at the
discretion of the Trustees.
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