Charlty Reglstratlon No.IIM2556 Company Registration No. 2992416 (England and Wales) POWER PRAISE & DELIVERANCE MINISTRIES INTERNATIONAL WORSHIP CENTRE ANNUAL REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024
POWER PRAISE & DELIVERANCE MINISTRIES INTERNATIONAL WORSHIP CENTRE LEGAL AND ADMINISITRATIVE INFORMATION Truste¢s Jennifer Brown Joshua Stewart Anita Johnson Melisa Prince Virginia Ryan Wallen Anderson Inez Riley (iesigned on l December 2024) Patricia Beckford (resigned on l July 2025) Michael Mill¢r (resigned on 5 December 2024) Secretary Anita Johnson M¢lisa Prince Virginia Ryan Charity number 1042556 Company number 2992416 Principal address 421-427 High Road Tottenham London N17 6QN Registered office 421-427 High Road Tottenham London N17 6QN Independent examiner Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG Bankers Lloyds TSB Bank PIC Lloyds Court 28 Secklow Gate West Central Milton Keynes MK9 3EH
POWER PRAISE & DELIVERANCE MINISTRIES INTERNATIONAL WORSHIP CENTRE CONTENTS Page Trustees, report 14 Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the accounts 9-16
POWER PRAISE & DELIVERAINCE MINISTRIES INTERNATIONAL WORSHIP CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees present their report and accounts for the year ended 30 November 2024. The accounts have been prepared in accoTdance with the accounting policies set out in note I to the accounts and comply with the charity's Memorandum and articles of association, applicable law, and the Statement of RQmmended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standaid for Smaller Entities. Objectlves and activities The objects for which the charity is established are for the advancement of Christian Faith through the spread of the gospel of Jesus Christ and the relief of poverty in th¢ United Kingdom. Power Praise & Deliverance Ministries intenlational Worship Centre shares its fundamental beliefs with the mainstream Christian religion (of which th¢ following 'Statement of Faith, provides furthcr details.) l. The sovereignty and grace of God the Father, God the Son and God the Holy Spirit in creation, providence, revelation, redemption and final judgement. 2. The divine inspiration of Holy Scripture and its consequent entire trnstworthiness and supreme authority in all matters of faith and conduct. 3. The universal sinfulness and guilt of fallen Ma making him subject to God's wrath and condemnation. 4. The substitutionary sacrifice of the incarnate Son of God as th¢ sol¢ and all-sufficient ground of redemption from the guilt and power of sin, and &om its eternal consequences. 5. The justification of the sinner solely by the grace of God through faith in Christ ¢rn¢ified and ris¢n from the dead. 6. Th¢ illuminating. r¢g¢n¢rating, indwelling and sanctifying work ofGod th¢ Holy Spirit. 7. The priesthood of all believers, who fornL the universal Church, the Body of which Christ is the Head, and which is committed by His command to the proclamation of the Gospel thtough the world. 8. The divine healing of all believers through faith in the name of Jesus Christ. 9. The practice of water baptism and the submission of believers to this in obedience, commitment and proclamation according to the command and example of Jesus Christ. 10. The expectation of the personal, visible return of the Lord Jesus Christ in power and glory. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
POWER PRAISE & DELIVERANCE MINISTRIES INTERNATIONAL WORSHIP CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 Achievements and performance During the past year the church has continued its worship, fellowsbip and mission. We the trustees have taken great inspiration from the way our members. partners and supporters have dealt with these unprecedented times as the world continues to change. The Charity continues to touch lives within the community of Haringey and beyond with an increase of people s¢eking guldance from the church. We continue to open our door to our members and shareholders for fellowship rebuilding hope in th¢ community. As the months progressed, we continued to reintroduce our vision to our shareholders and strat¢giz¢d on the best plan for success and productivity. One of our main goals is to serve the community of Haringey and we have been very active in community building and caring for those in need. We have now started our regular church schedule and continued to encourage the community and re- establish the message of hope in the lives of the people of the Haringey. So many lives are being touched as we also launched our soul winning campaign in the streets of Tottenham. each one reaching one, as we intend to restore th¢ Community of Harringay and beyond. People began to see the possibilities of pressing on through tough times. Through all the loss of lives, those of us who remain believed in the possibility of a better future. Every month the church embarks on op¢ning its door to th¢ local community feeding and clothing those that are in need. To this end we have embarked on another entity within the Church vision called Hands of Hope Hot meavfrozen food accompanied by warni clothing, shoes ¢Éc. are shared out to those in attendance. Whil¢ feeding and clothing those in need counselling is on hand and a lisfrning ear. They are also encouraged to contact the church and a supply of food and toiletries will be delivered. The Churcb further provides aid to the community through a range of services such as on to onc counselling, mentoring, self-development, and confidence building support as well as community days, COllCCrts and sp¢cialised community celebrations. Our evangelistic outreach ¢ntitled Church without Walls" "Each one Reach One and Operation Go where evangelising, singing, prayer and words of ¢ncouragement is tak¢n from the vesty to outside the Church. Many that passed by joined in, in celebration and singing and lives were impacteiL touched, changed, and received salvation and now have a plac¢ of worship to attend. W¢ continue to proclaim and propagate the Gospel of Jesus Christ, and in doing this we strive to assist and improve the lives of individuals across every division of the community. We continue to have our Women's,, Men's, and Youth meetings which, again, reaches into the community and changes lives by bringing individuals, wh¢ther it be male, female, young and old, into the fellowship and care of this Charity. We have personally seen many lives transforn]¢d by these different auxiliary m¢etings. We are very conscious of the fact that the Borough wherein this Charity is situated is very demanding socially and economically. We are doing our very best to bring hope, stability and oneness into this community. W¢ also continue to str&1 live on-line services which is recorded via Facebook. We now welcom¢ an international congregation reaching thousands of believers all over the world in countries Such as, Holland, Gennany, France, Jamaica, Dominica, St. Maarten & the BVI to name of few. This has enabled us to keep worship style fresh and new.
POWER PRAISE & DELIVEIL4NCE MINISTIUES INTERNATIONAL WORSHIP CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 We also incoOrated "PRAYER STORM" where prayer w&s available live online to the international community, which belped our audienc¢ to r¢duce stress and anxiety, promote a more positiv¢ outlook and strengthen the will to live. This created such an impact that on the lives of the people into community, that we have continued "PRAYER STORM" every Wednesday, Thursday, and Saturday morning. We have implemented "SPtEUTUAL PARENTING" programme which allows members to check on each other at least one a week providing care foT the spiritual needs, financial needs, and emotional needs. This progrdmme has had such a huge success that we have enlarged its scope to reach out the more m¢mbers of the conununity of Harringay at large. We are thankful for God's ongoing faithfulness and provision to th¢ work of the charity. We have also been humbled by God's response and provision to us with generous gifts. fLU]draising successes and unfor¢seen avenues of funds which have opened, as the year end closed with uncertainty looming for all charities like our own. We continue to be blessed by the skilled and dedicated people who work and volunteer for us, which has ellsured that we can continue operating with and for the community of HalngaY which we support. We look forwarding to the new year, as our new team of trustees and Directors, continue to share our same vision and will help Propel ug into new dimensions of vision and productivity. We hope that we can be mor¢ impactful to the community providing confidence and strength that we will get through this together. Financial review It is the policy of the charity that free reserves (those ftmds not tied up in f¢d assets and designated and restricted funds) should be maintained at a level equivalent to two month's expenditure (approximately of 50,000). The trustees consider reserves at this level will ensure that, in the event of a significant drop in donations, they will be able to continue the charity's current activities while consideration is given to ways in which additional fimds may be raised. On 30 November 2024 the charity held positive free rescrves. with funds being tied up in fed assets. The tnte¢S ar¢ also aware of the need to increase the membership and are cuentlY considering the best way to achi¢v¢ this. The trustees are in the process of assessing the risks facing the charity and fornialising a strategy to reduce them to an acceptance level. There ar¢ r¢novation Plan on th¢ way to restore our place of worship, to give us the opportunity to use the building to continue to host events and programs to better impact the community. There are plans to incorporate a banqueting hall and the Trustees are looking into this in more detail. Plan also to open a crech¢.
POWER PRAISE & DELIVERANCE MINISTRIES INTERNATIONAL WORSHIP CENTRE TRUSTEES, REPORT FOR THE YEAR EIWED 30 NOVEMBER 2024 Structureg governance and management The trnstees, who are also the directors for the purpose of company law, and who served during the year were.. Jennifer Brown Joshua Stewart Anita Johnson Melisa Prince Virginia Ryan Waell Anderson Inez Riley (resigned on l December 2024) Patricia Beckford {resied on l July 2025) Michael Mill¢r (r¢sign¢d on 5 December 2024) New Trustees are appointed every two years. The new Trnstees are given a copy of the latest set of accounts and the constitution of th¢ Charity. They are invited to attend an introductory meeting after reviewing the accounts and constitution. A further meeting is held to discuss the plans and future of the Charity and any queries on the constitution is addressed at this meeting. The new Trustee is invited to a third meeting to be confirnied by the present Board of Trustees and then introduced to the members of the Charity. None of the trustees has any beneficial interest in the company. All of the trnstees are members of the company and guarantee to contribute in the cv¢nt of a winding up. Volunt¢¢rs Carry out the Charity's g¢n¢ral administration and Church work. The trustees, report was approved by the Board of Trustees on .....31 Au9.USt 2025 Pastor Joshua Stewart Trust¢¢ d Jennifer Brown Trnstee
INDEPENDENT EXAMINER'S REPORT TO POWER PRAISE & DELIVERANCE MINISTRIES INTERNATIONAL WORSHIP CENTRE I report to the chatity trust¢¢s on my examination of the accounts of the Company for the year ended 30 November 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of thc accounts in accordanc¢ with the requirem¢nts of th¢ Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 201 l Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of th¢ 2011 Act. Independent examiner's statement Since th¢ Company's gross income exceeded £250,000, I confirni that I am qualified to undertake th¢ examination because l am a men]ber of the ICAEW, which is one of th¢ listed bodies. I have completed my examination. I confim] that no matters have come to my attention in connection with th¢ examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requir¢m¢nts of section 396 of the 2006 Act other than any requirement that the accounts give a 'tru¢ and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to chariti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102). 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. Stephen Goodwin Goldwins Chartered accountants 75 Maygrove Road West Hgmpstead London NW6 2EG 03 September 2025
Power Praise & Deliverance Ministries International Worship Centre Statement of financial actlvltles (incorporating an income and expenditure account) For the year ended 30 November 2024 2024 Total 2023 Total Unrestricted Restricted Note Income from: Donations and legacies Investment income 233,690 823 233,690 823 204,208 264 Total income 234 513 234 513 204,472 Expenditure on: Charitable activities= Parish costs Mission and Evangelism 209,159 45,723 209,159 45.723 118,184 43,763 Total expenditure 254,882 161947 Net incomo 1 (expenditure) for the year 120,369) (20,369) 42,526 Transfers between funds Net movement in funds (20,369) 120.369 42,526 Reconclliation of funds: Total funds brought forward Total fund$ Carried forNard 12 7,108,494 7 088 125 7,108,494 7 088 125 7,065,968 7 108,494 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Notes to the financial Statements.
Power Praise & Deliverance Ministries International Worship Centre Balance sheet As at 30 November 2024 2024 2024 2023 2023 Note Fixed assets: Tangible assets 7,009,322 7,010,867 Current assets: Debtors Cash at bank and in hand 40,051 52,024 92,075 76,778 31,009 107,787 Liabilities: Creditors.. amounts falling due within one year 10 13,272 9,960 Net current assets l (liabilities) Total assets less current liabilities 78,803 97,827 7,088,125 7,065,968 Totsl net assets l (liabllities) 7,088,125 7,065,968 Funds Unrestricted funds.. 12 General funds 7,088,125 7,065,968 Total unrestricted funds 7,088,125 7,065.968 Total funds 7,088,125 7,065,968 The Charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provision of section 477 of the Companies Act 20061 the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the act. The Trustee acknowledge their responsibilities for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements were approved and authorised for issue by the trustees on and signed on their behalf by.. 31 AugLJsI 2025 Pastor Joshua Stewart Trustee Pastor Trustee ennifer Brown Company registration no. 02992416 The attached notes form part of the financial statements.
Power Prdise & Deliverance Ministries Internatlonal W0h1p Centre Statement of cash flows For the year ended 30 November 2024 Note 2024 2023 Cash flows from operating activities: Net cash provided by I (used in) operating activities 13 22,778 509 Cash flows from investing activitles: Salel Ipurchase} of fixed assets {1,763) 12,1861 Change in cash and cash equivalents in tho year 21,015 11,6771 Cash and cash equivalents at the beginning of the year 31,009 32,686 Cash and cash equivalènts at the end of the year 14 52,024 31,009
Pow8r Praise & Deliverance Ministries International Worship Centre Notes to the financial statements For the year ended 30 November 2024 1 Accounting policies a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006. The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. ¢1 Going concem The trustees consider that there are no rnaterial uncertainties about the charitsble company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. d) Income Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met. For legacies, entitlement is tsken as the earlier of the date on which either.. the charity is aware that probate has been granted, the estate has been finalised and nolification has been made by the executor(s} to the charity that a distribution will be made. or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notffied of the executorfs intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. e) Donations of gifts, services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP {FRS 102), volunteer time is not recognised so refer to the trustees, annual report for more information about their contribution. On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expen¢iture in the period of receipt.
Notes to the financial stat8ments For the year ended 30 November 2024 1 Accounting policies Icontinued) fj Interest receivable Interest on funds held on deposit is included when receivable and thè amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the bank. g) Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity- Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. h) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amounl of the obligation c£n be measured reliably. Expenditure is classified under Ihe following activity headings.. Costs of raising funds comprise of trading Costs and the Costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. i) Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 3. j) Tangible fixed assets Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows.. Land and buildings freehold Nil Plant and machinery straight Fixtures, Fittings and 25/0 kl Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. l) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account m) Creditors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably rèsult in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. io
Power Praise & Deliverance Ministries International Worship Centre Notes to the financial statements For the year ended 30 November 2024 2 Income from donations and legacies 2024 Total 2023 Unrestricted Restricted Total Donations Gift aid Others 177,281 56,409 177,281 56,409 157,509 46,699 233,690 233,690 204,208 3 Analysis of expenditure Misslon and Parish costs Evangelism Support costs 2024 Total 2023 Total Staff costs Mission and evangelism Ministry costs Depreciation Parsonage expenses Light and heat Telephone & internet Printing, postage and stationary Repair and maintenance Taxi & motor expenses Travelling and subsistence Sundry expenses Bank charges and interest Office expenses Sponsorship Legal and professional fees Independent examiner's fees 36,091 36,091 13,885 30,960 3,107 54,705 16,095 829 1.361 80,834 4,939 198 100 600 4,817 2,066 335 3,960 31,269 16,219 26,215 3,556 45,817 6,812 928 595 15,256 4,793 116 13,885 30,960 3,107 54,705 16,095 829 1,361 80,834 4,939 198 100 600 730 2,203 3,251 387 3,800 4,817 2,066 335 3,960 205,142 4.017 44,845 254,88 878 14,895) 161,947 Support costs Total expenditure 2024 209,159 45,723 254,882 Total expenditure 2023 118,184 43,763 161,947 The total expenditure 2024.. £254,882 was unrestricted (2023.. £161,947). li
Power Praise & Deliverance Ministries International Worship Centre Notes to the financial statements For the year ended 30 November 2024 4 Net incomel(expenditure) for the year This is stated after charging I crediting.. 2024 2023 Independent Examiner's Fees (excluding VAT) Depreciation 3,300 3,108 3,167 4,012 5 Analysls of staff costs, trustee remuneration and expenses, and the cost of key managemont personnel Staff costs were as follows.. 2024 2023 Salaries and wages Employeff s contribution to defined contribution pension schemes 34,900 1,191 30,283 986 36.091 31,269 Number of employees None of the employees received employee benefits excluding pension contributions more than £60,000. The total employee benefits including pension contributions and employer Nl of th8 key management personnel were £Nil. One of the trustees received the employee remuneration and parsonage expenses from the charity during the year. Related party transactlons There are no related paty transactions to disclose for 2024 {2023'. none). 7 Taxation The charity is exempt from corporation tax as a51 its income is charitable and is applied for charitable purw)ses. 12
Power Praise & Deliverance Ministries International Worship Centre Notes to the financlal statements For the year ended 30 November 2024 8 Tangible fed assets Land and buildings freehold Fixtures, fittings & equipment Plant and machinery Totsl Cost At the start of the year Additions in year Disposals in year 7,000,000 24,593 44,006 1,763 7.068,599 1,763 At the end of the year 7,000,000 24,593 45,769 7,070,362 Depreciation At the start of the year Charge for the year Eliminated on disposal 24,593 33,339 3,108 57,932 3,108 At the end of the year 24.593 36,447 61.040 Net book value At the end of the year 7.000,000 9,322 7,009,322 At the start of the year 7,000,000 10,667 7.010,667 The freehold propety was valued in 1998 at £1,500,000 and revalued again in 2017 at £7,000,000. The basis of valuation was open market valuation. 9 Debtors 2024 2023 Gift aid receivable Prepayments 40,051 76,778 40,051 78,778 10 Credltors: amounts falling due withln one year 2024 2023 Accruals Other creditors 9,775 3N97 7,226 2,734 9,960 13
Power Praise & Deliverance Ministries International Worship Centre Notes to the financial statements For the year ended 30 November 2024 11 Analysis of net assets between funds General unrestricted Restrlcted Total funds Tangible fixed assets Net current assets 7,009,322 78,803 7.009,322 78,803 Net assets at the end of the year 7,088,125 7.088,125 12 Movements In funds Incoming At the start of resources & the year gains Outgoing resources & losses At the end Transfers of the year General funds Total Unrestricted Funds 7,108,494 7.108,494 234,513 234,513 (254,8821 (254.882 7.088,125 7.088,125 Total unrestricted funds Tolal funds 7,108,494 234,513 1254,882) 7,088,125 14
Power Praise & Deliverance Ministries International Worship Centre Notes to the financial statements For the year ended 30 November 2024 13 Reconciliation of net income l (exp8nditure) to net cash flow from operating activities 2024 2023 Net income l (expenditure) for the reporting period (as per the statement of financial activities) Depreciation (Increase)I decrease in debtors Increasel (decrease) in creditors Net cash provided by l (used in) operatlng actlvlties (20,369) 42,526 3,108 36,727 3,312 22,778 3,555 145,7991 227 509 14 Analysis of cash and cash equivalents At1 December 2023 At30 Other November changes 2024 Cash flows Cash at bank and in hand 31,009 21,015 52,024 Total cash and cash equivalents 31,009 21,015 52,024 15 Operating lease commitments At the balance sheet date, the charity had no financial commmitment under non-cancellable operating leases. 16 Legal status of the charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. 15
Power Praise & Deliverance Ministries International Worshlp Centre Notes to the financial ststements For the year anded 30 November 2024 17 a. Analy$ls of net assets b9tw•en funds - 2023 {prlor yearl General unrestrlcted Restrlcted Total funds Tangible fixed assets Net current assets 7,010,667 97,827 7,010,667 97.827 Net assets at the gnd of the year 7,108,494 7,108,494 b. Movements in funds -2023 Iprlor year} Incoming resources & gains Outgoing resour¢e8 & losses Al the start of the year At the end of the year Transfers General funds Total Unrestricted Funds 7,065,988 204,472 1161.9471 7,108.494 Total unrestricted funds 7,065.968 204.472 1161.9471 7,108.494 Total funds 7.065.968 204.472 {161,947} 7,108.494 16