Charity Registration No. 1052714 Company Registration No. 03149984 (England and Wales) THE MATA REGAL THEATRE COMPANY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Lentells Chartered Certified Accountants
THE MATA REGAL THEATRE COMPANY LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees C J Rendell P Thompson G CharnoGk F Owen J A Scott B R Penrose K J Hodgkiss (Appointed 12 February 20231 (Appointed 12 May 2024) (Appointed 14 July 2024) (Appointed 14 July 2024) (Appointed 14 July 2024) (Appointed 14 July 2024) (Appointed 14 July 2024) (Appointed 12 May 2024) CE Kellett J Coles A De Mora L Pearson M Pratt H Rendell S V Thomas Secretary A De Mora Charlty number 1052714 Company number 03149984 Prlnclpal address Th8 R8gal Theatre Th8 Av8nu8 Minehead Somerset TA24 5AZ Reglstered offlce The Regal Theatre The Avenue Minehead Somerset TA24 5AZ Independent examiner J M Farkas ACA Ash House Cook Way Bindon Road Taunton Somerset TA2 6BJ
THE MATA REGAL THEATRE COMPANY LTD CONTENTS Page Trustees, report Independent examiner's report Stat8m8nt of financial activit18S Balance sheet Notes to the financial statements 7-14
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in nole 1 to the financial statements and comply with the charity's Memorandum and Articles of Association the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanGe with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (éffective 1 January 20191. Objectlves and actlvltlas The Theatre was acquired in 1994 prior to incorporation in order to follow the main purpose of the charity which is to promote, maintain, improve and advance public education in the arts in general and dramatic arts in particular. It may also support any similar objects and aims of a charitable nature. The Theatre has Continued to provide the Minehead and West Somersel area with access to the dramatic arts. The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Significant activities and achievements against objectives This year provided a positive return to a bustling programme of live and recorded theatre performances this year with 8 varied selection of theatre and cinema events for Ihe Ioc81 community and visiting audiences. Once again, our Member Companies operated their regular programme of events and productions, ranging from drama, comedy, live music, live screenings and much more together with visiting external companies bringing national and touring performances for a wide audience range and demographic. This year we operated a specific Community Engagement programme focussed on reducing the barrier of a costly entrance fee for some particular events. We promoted this to groups and community providers locally, encouraging those for whom the theatre was unfamiliar and less attractive in previous seasons. We were very pleased to engage over 20 new families to the thealre through this initiative. We also saw the continuation of small-scale fundraising through hosted events at the theatre and some monthly screenings of classic vintage films, particularly targeted at the older demographic who are less willing lo come to other evening events. These have received a warm response from the local community. Onc8 again, 2023 saw a year of dedication to the upkeep and operation of our theatre building, solely by volunteers. This continues to be an amazing achievement and one which Truslees - and of course volunteers - never lake for granted. The Regal Theatre continues to be supported by almost 200 active volunteers, with more being recruited all the time. In addition, the theatre is fortunate to have a dedicated Friends of the Regal Theatre scheme, which remained in operation through 2023. Over 400 individuals and families renewed their contact with us, additionally, many choose to enhance their subscription wilh generous donalions, reinforcing the Regal Friends programme as an important component of the Theatre's community attraction. Income from the Friends scheme helps ensure the Regal remains a thriving creative space, delivering stimulating events and showcasing emerging new talent. A significant Governance Review project. begun in October 2021, operated a pilol phase in 2023. Following in-depth consideration of past operational models for the theatre and ils associated business activities, it is the proposed intention to secure due care, time and focus solely in relation to Trustees, legal and compliance responsibilities, separate from the day-to-day operational oversight and challenges that face a modern theatre, operaling within an Arts complex- format. with on-going regular in-house productions to manage too. Reporting structures and delegation of some theatre management duties remain an on-going focus into 2024, in order to ensure that the operalional struclure of management for MATA Regal Thealre Ltd feels confident and capable to deliver the Charity's core objectives transparently, with due regard for compliance and accountability.
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Governance Review also continues to recommend more attention is given to defining what is expected of a Member Society {Company} - the founding societies that created the MATA Regal Theatre Company Ltd in 1996, but for which no definition had previously been established. This remains on-going into 2024. The training needs of the organisation and its volunteers also remains a major topic for development in 2024 to enhance access and standardised processes across our volunteer teams. The finance team continue to use and introduce new procedures to keep our finances in line. Including this year a move to new online accounting Soare QuickBooks, which we hope to utilise fully in the future - starting with the production of cashflow and budgets. As the 2023 year-end accounts and Treasurer's Report show, 2023 has been another year of struggles. A lol of necessary expenditures negating most of the income. However we have still managed to avoid calling on the £40k reserves, and have in fact the trustees have agreed {in 2024) to increase the reserves to £60k. Flnancial revlew Income for the year on unrestricted funds amounted to £155,943 which, after production costs of £160,915, leaves a net expenditure of unrestricted funds of £4,972 for the year, compared with £6,026 expenditure for the previous year. The net surplus for the year, including the transfer beeen funds of £18,754, is £13,782 and the general fund stands at £528,264 represented by £364,196 fixed assets and £164,068 net current asset. Restricled fund income amounted to £24,409 during the year out of which £2,503 was expended. The Reslricted funds at 31 D8c8mb8r 2023 wer8 £33,522, d8tails of which are given in note 17 to th8 account. The Iruslees of The MATA Regal Theatre Company Limited consider that a certain level of reseNes are required in order to run the company in an orderly and careful manner. Reserves are held by The MATA Regal Theatre Company Limited in funds: Restricted Funds and Unrestricted Funds. R8Stricled Funds r8pr8S8nt money thal has been granted for specific proj8Cts. Going concern Unrestricted Funds can be used for any purpose within the objects of The MATA Regal Theatre Company Limited and represent reserves which the trustees may call upon for future use, ie.. 1. The provision and replacement of equipment to enable the Company to undertake its activilies in a professional manner has been made. 2. To enable the company to absorb unforeseen expenses in relalion to the preservation and upkeep of the fabric of the building. 3. To fund development work in furtherance of the Company's objectives. The trustees of The MATA Regal Theatre Company Limited consider Ihat a certain level of Unrestricted Funds so far as represented by cash at bank should be held as a reserve lo enable the Company to absorb setbacks and to take advantage of change and opportunities. ReseNes policy The amount of Reserves set aside by the Directors within this policy for the year 2023 is set at £40,000 (2022.. £40,000). Structure> governance and management The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 23 January 1996 and amended to allow for the current governance arrangement on 14 November 2004. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company, each of whom agrees to contribute £3.00 in the event of winding up.
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. M Hartwell (Resigned 21 June 20241 C J Rendell P Thompson G Charnock F Owen L R Lintern JAScott B R Penrose K J Hodgkiss A Toeman S V Thomas P M Rogers CE Kellett J Coles A De Mora L Pearson M Pratt H Rendell (Resigned 16 July 2023) (Appointed 12 February 20231 (Appointed 16 April 2023 and resigned 14 July 20241 (Appointed 12 May 2024 and resigned 15 January 20231 (Resigned 16 April 20231 (Appointed 12 May 20241 (Appointed 14 July 20241 (Appointed 14 July 20241 (Appointed 14 July 20241 (Appointed 14 July 20241 (Appointed 14 July 20241 R8cruitm8nt and appointment of trust88S No person other than a Member of the Company may be appointed a Trustee. One third of the Trustees retire by rotation each year and eligible for re-election. A Member of the Company or the Board of Trustees may propose a person to be elected at any General Meeting to the office of Trustees and the Trustees may appoint any person to be a Trustee to hold office until the next Annual General Meeting. Members of the Company are elected as such by the Board of Trust88S. The trustees, report was approved by the Board of Trust88S. Sign8d on 19108124 @ 14..19 A De Mora Trustee Date..
THE MATA REGAL THEATRE COMPANY LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MATA REGAL THEATRE COMPANY LTD I report to the trustees on my examination of the financial statements of The MATA Regal Theatre Company Ltd (the charity) for the year ended 31 Dember 2023. Responsibiliti8s and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Acti. Having satisfied myself that the financial statements of the charity 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 the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm thal no matters have come to my attention in connection with the examination giving me cause to believe thal in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial stalemenls do not accord wilh those records., or the financial statements do not comply with the accounling requirements of seclion 396 of the 2006 Act other than any requirement Ihat the accounts give a true and fair view which is not a matter considered as part of an independenl examination; or the financial statements 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. J M Farkas ACA Sign8d on 21108124 @ 11..01 Ash House Cook Way Bindon Road Taunton Somerset TA2 6BJ Dated..
THE MATA REGAL THEATRE COMPANY LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitable activities 25,650 130,293 24,809 14001 50,459 129,893 21,054 109,116 13,890 34,944 109,116 Total income 155,943 24,409 180,352 130,170 13,890 144,060 Expenditure on: Charitable activities 160,915 2,503 163,418 136,196 4,820 141,016 Total expendlture 160,915 2,503 163,418 136,196 4,820 141,016 Net Incomellexpenditure) 14,972) 21,906 16,934 16,0261 9,070 3,044 Transfers between funds 18,754 118,7541 1,003 11,0031 Net movement in funds 13,782 3,152 16,934 15,0231 8,067 3,044 Reconciliation of funds: Fund balances at 1 January 2023 514,482 30,370 544,852 519,504 22,304 541,808 Fund balances at 31 December 2023 528,264 33,522 561,786 514,481 30,371 544,852 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requiremenls for an income and expenditure account under the Companies Act 2006.
THE MATA REGAL THEATRE COMPANY LTD BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 364,196 389,949 Current assets Stocks Debtors Cash at bank and in hand 3,661 40,392 189,675 2,842 61,883 175,627 10 233,728 240,352 Creditors: amounts falling due within one year 11 136,138> 185,449) Net current assets 197,590 154,903 Total assets less current Ilabllltles 561,786 544,852 Net assets excluding pension liability 561,786 544,852 The funds of the charity Restricted income funds Unrestricted funds 33,522 528,264 30,371 514,481 561,786 544,852 The company is entitl8d lo the exemption from the audit requirement contained in s8Ction 477 of th8 Compani8s Act 2006. for the year ended 31 December 2023. The directors acknowledge their r8sponsibilities for complying wilh the r8quir8ments of the Companies Act 2006 with respect to accounting records and the preparation of financial stalemenls. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial slatements have been prepared in accordance with the provisions appliGable to companies subject to the small companies regime. The financial statements We approved by the trustees on Signed on 21108124 @ 10..00 S V Thomas Trustee Company registration number 03149984 (England and Wales)
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charlty Informatlon The MATA Regal Theatre Company Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is The Regal Theatre. The Avenue, Minehead, Somerset, TA24 5AZ. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Igoverning documentl, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Stalemenl of Recommended Praclice applicable lo charilies preparing Iheir accounts in accordance wilh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Stalement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monelary amounts in thes8 financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern At the time of approving the financial stalemenls, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial stalement5. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricled funds are subjecl to specific conditions by donors or grantors as to how Ihey may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the Gharity is legally entitled to it after any performance Gonditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheNise if the charity has been notified of an impending distribution, the amounl is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direGlly to that activity. Shared Gosts which Gontribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activilies on a basis consistent with the use of reSoUrs. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to writ8 off th8 Cost or valuation of assets less their r8sidual values ov8r their useful lives on the following bases- Freehold land and buildings Planl and equipment Fixtures and fittings 20/0 Straight line 40/0 Straight line 100/0 Reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews Ihe carrying amounts of ils langible assets to delermine whether there is any indication that those assets have suffered an impairment loss. If any such indicalion exists, the recov8rabl8 amount of th8 asset is estimated in order to d8termin8 the 8Xtent of the impairment loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct malerials and, where applicable, direct labour costs and those overheads thal have been incurred in bringing the stocks to their presenl localion and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price les5 all estimated costs of completion and costs to be inGurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 8asic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the presenl value of the future receipls discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabililies, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts P8y8ble are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are dischargod or cancell8d. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimales and associated assumplions are based on historical experience and other faGtors that are Considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only Ihat period, or in the period of the revision and future periods where the revision affects both current and future periods.
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THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charltable actlvltles Charitable Charitable activities activities 2023 2022 Ticket sales Thealre hire Refreshments and bar sales Charitable rental income Other income 72,420 3,160 40,416 674 13,223 61,688 7,406 27,588 1,067 11,367 129,893 109,116 Analysls by fund Unrestricted funds Restricted funds 130,293 14001 109,116 129,893 109,116 11
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltable actlvltles 2023 2022 Depreciation and impairment Repairs and renewals - electrical and property Refreshment and bar costs Printing, postage and stationary Rent Rates and water Heat and light Insurance Production costs Equipment repairs and waste disposal Publicity and direct printing costs Sundry expenses Professional fees and subscriptions Telephone Performing rights and licenses Bank and card charges Loss on disposal of assets Advertising and promotions Accountancy 26,103 17,855 18,819 81 2,201 1,589 24,670 8,857 11,862 15,707 958 1,505 4,532 1,022 4,219 11,093 27,180 8,286 13,206 123 2,201 1,115 20,072 8,049 15,947 16,691 1,709 3,404 2,251 653 3,248 8,158 2,266 4,597 1,860 9,705 2,640 163,418 141,016 163,418 141,016 Analysis by fund Unrestricted funds Restricted funds 160,915 2,503 136,196 4,820 163,418 141,016 Trustees No trustees, nor any persons connected with them, have received any remuneration in respect of their services as trustees from the charity during the year. During the year the charity made the following transactions with trustees- Mr J Scott was paid £567.2512022'. £4401 for cleaninglclearing services Ms M Hartwell - £1,325.3812022'. £0) of reimbursed expenses. Mr P Thompson - £360.80 (2022.. £0) of reimbursed expenses. Mr B Penrose- £813.45 (2022.. £0) of reimbursed expenses. Miss A Toeman - £13.0012022.' £0) of reimbursed expenses. 12-
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Taxatlon The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Tangibl8 fixed assets Freehold land and buildings Plant and Flxtures and equipment rittings Total Cost At 1 January 2023 Additions 191,465 320,795 212,030 350 724,290 350 At 31 December 2023 191,465 320,795 212,380 724,640 Depreclatlon and Impalrment At 1 January 2023 Depreciation charged in Ihe year 92,875 3,359 128,320 12,832 113,146 9,912 334,341 26,103 At 31 December 2023 96,234 141,152 123,058 360,444 Carrylng amount At 31 December 2023 95,231 179,643 89,322 364,196 At 31 December 2022 98,590 192,475 98,884 389,949 Stocks 2023 2022 Raw materials and consumables 3,661 2,842 10 Debtors 2023 2022 Amounts falling due wlthin one year: Trade debtors Other debtors Prepayments and accrued income 380 151 39,861 48,653 13,230 40,392 61,883 13-
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Credltors: amounts falllng due wlthln one year 2023 2022 Other Creditors Accruals and deferred income 16,704 19,434 66,654 18,795 36,138 85,449 12 Analysls of net assets between funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsl{liabilities) 364,196 164,068 364,196 197,590 33,522 528,264 33,522 561,786 Unrestricted funds 2022 Reslricted funds 2022 Total 2022 At 31 December 2022: Tangible assets Current assetsl{liabilities) 389,949 124,532 389,949 154,903 30,371 514,481 30,371 544,852 14-