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2022-03-31-accounts

Annual Report and Financial Statements for the Year Ended 31 March 2022

New Life Church Crawley

Charity registration number: 1054438

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

NEW LIFE CHURCH CRAWLEY

CONTENTS (CONTINUED)

Reference and Administrative Details 1
Trustees' Report 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 18

NEW LIFE CHURCH CRAWLEY

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Elizabeth Tapp David Dickson Elizabeth Dickson Ian Tapp Keegan Singh (appointed 15 July 2021) Amelia Singh (appointed 15 July 2021)

Charity Registration 1054438 Number

Principal Office The Glade Furnace Green Crawley West Sussex RH10 6JL Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers HSBC 9 The Boulevard Crawley West Sussex RH12 1UT

Page 1

NEW LIFE CHURCH CRAWLEY

TRUSTEES' REPORT

The Trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2022.

Structure, governance and management

Nature of governing document

New Life Church Crawley is a registered charity, number 1054438, and is constituted under a Trust deed.

Recruitment and appointment of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Risk management

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Objectives and activities

Objects and aims

The objects of the charity are:

Public benefit

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.

Vision and values

At New Life Church, we are all about helping people. People in the community, people in the church - everyone!

Our visions are to:

Page 2

NEW LIFE CHURCH CRAWLEY

TRUSTEES' REPORT (CONTINUED)

To help us fulfil this vision, there are several key values we lead the church in: Encountering Holy Spirit - We are committed to allowing the Holy Spirit to be actively involved in our community life through spiritual gifts, the word of God and congregational participation.

Operating in Grace - We seek to be a grace filled church that welcomes all whatever the stage of the journey in faith.

Transforming Teaching - We believe in biblical, anointed teaching as a catalyst for transformation in individuals’ lives.

Motivating Mission - We acknowledge the importance of mission that reaches and supports the local community and into other nations.

Engaging Worship - We will provide regular opportunities for people to encounter God in a variety of styles through the power of God the Holy Spirit.

Achievements and performance

Review of actvities

This year continued to see many severe disruptions for New Life Church Crawley (“New Life”) and the changes brought about during the Covid Pandemic. However, the Trustees celebrate the continued outworking of His vision and purposes for New Life through the many dedicated individuals serving with the Trustees.

Regular Trustees meetings were held, and decisions were made in a hybrid fashion with a mixture of online email communication where necessary as allowed under Charity Commission guidelines. We were pleased to be able to return to in person worship on a Sunday morning as well as make use of technology and social media to live stream the service to people who were unable to attend in person. The Trustees continue to provide a Covid secure environment for those attending by adhering to government restrictions, guidance issued to churches in the UK, and advice by the AOG HQ.

Ministerial Support & Ministries

The relationship with the AOG was further enhanced during the year with personal and church connections strengthened and renewed allowing New Life to keep up its relationship and status as an AOG Church. David and Beverley attended the national Conference in Harrogate in May 2021 as part of the requirement for AOG ministers to connect with the denomination. We were also able to host the Zone Day for the area and connect with the wider church network. We continued to enjoy a variety of special guests, and speakers including Alistair Taylor and Christy Smith were maintained and spoke into the leadership and life of the church.

Missions continued to be a feature of life and leadership in New Life with renewed connections in India, Pakistan and Nigeria. Regular online training for youth, leaders and church workers in these countries was undertaken. We were also able to give some support to the various humanitarian outreaches undertaken by our various partners in these countries including a joint Christmas Party with Pakistan. David undertook a successful trip to Nigeria in September 2021 which further enhanced the vision for missions work. We also had the opportunity to host Bishop Jonathan Ugande from Nigeria for several weeks in March 2022 and connect him with some other ministries in the UK.

Page 3

NEW LIFE CHURCH CRAWLEY

TRUSTEES' REPORT (CONTINUED)

During the year we were also able to continue to develop some key areas of ministry especially in the area of Children and Families Ministry. This is deemed a key area of ministry to fulfil the vision of proclaiming the Good News of New Life in Jesus with some 95% of children having no regular contact with a church congregation. Despite the challenges this brings, it is seen as essential to our core vision and working practice. Our desire is that this can be developed further in the year ahead with a team developing around our Community Pastor, Kerry, to assist her and to see her more released into ministry.

Beverley Dickson continued to serve in her role as Safeguarding co-ordinator and though a deputy is yet to be appointed, Beverley has been supported in her role to ensure we are kept up to date with DBS checks, current legislation and ongoing supportive role with Thirty-One Eight. We have the goal of appointing a deputy but the covering from Thirty-One Eight proved to be a source of help and in line with AOG National practise.

Having appointed Amelia Singh as Worship Leader, we have intentionally sought to encourage the writing of new songs and the development of the team spiritually and its leadership with regular input and development opportunities for others to grow. This included help from Jovannee who led worship and helped with some of the technical requirements of streaming and audio facilities. It is acknowledged that we still need to expand and enhance the media team so that we get a full range of technical help in order to continue to improve our ability to connect online and via media.

Liz Tapp continues to serve in her role in Pastoral Care with an expansion of the role as Pastoral Care Team Co-ordinator. We were able to introduce several new members of the team to the congregation to pray for them and release them into their gifts. Discussion continues to plan a programme of appropriate training to ensure the team are familiar with requirements and practises for the safety and spiritual development of those in the congregation. Liz Tapp was also able to receive training in the Freedom in Christ course as a means of personal development and in her role to assist David in this important area of prayer ministry.

Discipleship

One of the significant challenges of this current climate was the emotional, mental and spiritual health of the congregation. During the year a major investment of time, energy and resources were expended in developing the model of ministry from Freedom in Christ to set people set free from various areas of need. Part of the development of wider ministry was also to include the invitation to John Scott from Glasgow Vineyard who has had a personal relationship with David and Bev for over 25 years and has proven, credible prophetic and teaching ministry which should benefit the church.

Right Now Media continued to be a very useful resource for people individually and some of the groups which have been meeting regularly. The various groups have included a specialised mens group study, a Reflect group for a more devotional approach and ad hoc studies and groups as were deemed necessary at any time.

Page 4

NEW LIFE CHURCH CRAWLEY

TRUSTEES' REPORT (CONTINUED)

The launch of the Growing Leaders group proved to be an overwhelming success with the majority of people receiving monthly teaching and coaching sessions by David and other ministers in order to develop the leadership potential of individuals. This has proved to be an effective way to discover and develop the gifts of those who are then going on to serve in different ministries within New Life. This was further developed in the areas of APEST introduced to the church by Alistair Taylor and helping to refine and redefine our understanding of the spiritual gifts God has given us to build up the body of Christ.

In addition to this we were able to run a shortened version of the Christianity Explored course to a number of key contacts which included a meal and the chance for people to investigate the truths of the Christian faith.

We were also pleased to be able to run some social events throughout the year for both men and women which is part of the relational building of the church. In addition, the Emotionally Healthy Woman Course proved to be a very worthwhile endeavour to support the ladies of the church in their discipleship.

Building Work

The Trustees have continued to look for ways to enhance the fabric of the building and discuss any work that has been necessary to allow for the operation of ministries functioning with in the life of the church. Painting and decorating continues to be done regularly so that visually the building is an attractive option for users. In this respect we are pleased to be able to offer Charis Counselling the use of a room in the Ark Community Building as a means of supporting them and the work they do in the community with their services.

Trustees

For some time, we had been aware of the need to strengthen the Trustees and were pleased when Keegan Singh and Amelia Singh accepted our invitation to become Trustees after discussions and presentation of the key responsibilities as outlined by the Charity Commission. Their appointments were made and registered on 15 July 2021.

The Trustees are responsible for the overall governance and work of the charity, and ensuring that the charity meets its legal and regulatory obligations in the course of fulfilling its charitable purpose.

It is therefore with grateful thanks that we conclude the Trustees report for year ended 31 March 2022 having become aware of the need to continue to fulfil the vision of New Life Church Crawley to bring the Good News of New Life in Jesus, to represent Jesus by being an Ark and a refuge and make disciples who wholeheartedly serve Jesus.

Financial review

Income for the year amounted to £69,760 (2021: £62,776) and expenditure £99,113 (2021: £110,306), resulting in a deficit of £29,353 (2021: deficit £47,530). Total funds carried forward amount to £490,166 (2021: £519,519) of which £474,474 (2021: £508,452) are unrestricted.

Page 5

NEW LIFE CHURCH CRAWLEY

TRUSTEES' REPORT (CONTINUED)

Going concern

The Trustees have continued to monitor the financial status of the church and noted that, along with many other local and national congregations, the situation is less than ideal and has naturally resulted in a drop in income for New Life. It continues to be a matter of review and governance for the Trustees to ensure that we are meeting our current obligations which we are pleased to be able to do.

Missions giving was regularly discussed in support of various ministries we connected to and as appropriate we were able to give to needs such as those in Ukraine and Pakistan.

The Trustees have performed a review of the financial position of the church and believes there are sufficient resources to manage any financial risks. We have managed our finances prudently throughout the pandemic. The Trustees reasonably expect that that we have adequate resources to continue operating for the foreseeable future. Therefore, the Trustees continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.

Page 6

NEW LIFE CHURCH CRAWLEY

TRUSTEES' REPORT (CONTINUED)

Statement of 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:

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.

The annual report was approved by the Trustees of the charity on 12 January 2023 and signed on its behalf by:

......................................... David Dickson Trustee

Page 7

NEW LIFE CHURCH CRAWLEY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE CHURCH CRAWLEY

I report to the Trustees on my examination of the accounts of New Life Church Crawley for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity Trustees of New Life Church Crawley 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 New Life Church Crawley'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 New Life Church Crawley 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.

...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

12 January 2023

Page 8

NEW LIFE CHURCH CRAWLEY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
2
61,583
Investment income
3
-
Total income
61,583
Expenditure on:
Charitable activities
4
95,561
Total expenditure
95,561
Net
(expenditure)/income
(33,978)
Net movement in funds
(33,978)
Reconciliation of funds
Total funds brought
forward
508,452
Total funds carried
forward
12
474,474		 Restricted
funds
£
8,173
4
8,177
3,552
3,552
4,625
4,625
11,067
15,692		 Total
2022
£
69,756
4
69,760
99,113
99,113
(29,353)
(29,353)
519,519
490,166		 Total
2021
£
62,770
6
62,776
110,306
110,306
(47,530)
(47,530)
567,049
519,519

The notes on pages 11 to 18 form an integral part of these financial statements. Page 9

NEW LIFE CHURCH CRAWLEY

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: Amounts falling due within one year
10
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
12		 2022
£
407,369
407,369
9,083
75,048
84,131
(1,334)
82,797
490,166
15,692
474,474
490,166		 2021
£
416,515
416,515
7,998
96,339
104,337
(1,333)
103,004
519,519
11,067
508,452
519,519

The financial statements on pages 9 to 18 were approved by the Trustees, and authorised for issue on 12 January 2023 and signed on their behalf by:

......................................... David Dickson Trustee

The notes on pages 11 to 18 form an integral part of these financial statements. Page 10

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Statement of compliance

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)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

New Life Church Crawley 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 including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

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.

Page 11

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)

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 provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land and buildings 2% on cost
Furniture and fittings 25% on cost
Equipment 25% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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.

Page 12

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)

Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

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.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

Unrestricted
funds
General
£
Donations and legacies;
Donations
52,500
Gift aid reclaimed
9,083
61,583
3 Investment income
Interest receivable and similar income;
Interest receivable on bank deposits		 Restricted
funds
£
8,173
-
8,173
Restricted
funds
£
4		 Total
2022
£
60,673
9,083
69,756
Total
2022
£
4		 Total
2021
£
54,660
8,110
62,770
Total
2021
£
6

Page 13

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)

4 Expenditure on charitable activities

Note
Travel costs
Legal and
professional fees
Bank charges
Sundries
Independent
examination
Evangelism/Training
Ministry costs
Sunday School
Premises
expenses
Advertising and
publicity
Equipment
Printing, postage
and stationery
General
administrative
expenses
Subscriptions
Hospitality
Depreciation
Grant funding of
activities
5
Staff costs
7		 Unrestricted
funds
General
£
1,114
1,670
131
-
780
8,385
1,488
107
16,472
331
2,264
307
89
3,687
251
14,432
7,430
36,623
95,561		 Restricted
funds
£
-
-
138
-
-
-
-
-
7
-
-
-
-
-
-
-
3,407
-
3,552		 Total
2022
£
1,114
1,670
269
-
780
8,385
1,488
107
16,479
331
2,264
307
89
3,687
251
14,432
10,837
36,623
99,113		 Total
2021
£
1,079
515
56
81
780
7,439
2,395
105
30,590
296
1,930
683
853
2,477
970
14,432
15,396
30,229
110,306

Page 14

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)

5 Grant-making

Analysis of grants

Grants to institutions 2022 2021 £ £ Mission donations 10,837 15,396

6 Trustees remuneration and expenses

During the year, one Trustee received remuneration in his role as pastor of the church amounting to £26,400 (2021 - £18,241) and benefits in kind in the form of pension contributions amounting to £605 (2021 - £360).

During the year, one Trustee received reimbursement of expenses incurred on behalf of the charity amounting to £135 (2021 - £338).

During the year, the business owned by a Trustee supplied materials and property maintenance work amounting to £613 (2021 - £7,237).

7 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2022
£
36,018
605
36,623		 2021
£
29,869
360
30,229

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2022 2021
No No
Staff 2 2

No employee received emoluments of more than £60,000 during the year

Page 15

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)

8 Tangible fixed assets

8 Tangible fixed assets
Land and
buildings
£
Furniture
and
fixtures
£
Cost
At 1 April 2021
420,000
18,378
Additions
-
1,410
At 31 March 2022
420,000
19,788
Depreciation
At 1 April 2021
16,800
9,092
Charge for the year
8,400
4,594
At 31 March 2022
25,200
13,686
Net book value
At 31 March 2022
394,800
6,102
At 31 March 2021
403,200
9,286
9 Debtors
Accrued income
10 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 Furniture
and
fixtures
£
18,378
1,410		 Equipment
£
5,749
3,875		 Total
£
444,127
5,285
449,412
27,612
14,431
42,043
407,369
416,515
2021
£
7,998
19,788 9,624
9,092
4,594		 1,720
1,437
13,686 3,157
6,102 6,467
9,286 4,029
2022
£
9,083
2022
£
128
471
135
600
1,334
2021
£
127
471
135
600
1,333

Page 16

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)

11 Pension and other schemes Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £605 (2021 - £360).

Contributions totalling £135 (2021 - £135) were payable to the scheme at the end of the year and are included in creditors.

12 Funds

Unrestricted funds
General
General Funds
Restricted funds
Building fund
Mission fund
Total funds
Unrestricted funds
General
General Funds
Restricted funds
Building fund
Mission fund
Total funds		 Balance at
1 April
2021
£
508,452
6,008
5,059
11,067
519,519
Balance at
1 April
2020
£
557,299
6,008
3,742
9,750
567,049		 Incoming
resources
£
61,583
4
8,173
8,177
69,760
Incoming
resources
£
50,585
-
12,191
12,191
62,776		 Resources
expended
£
(95,561)
(7)
(3,545)
(3,552)
(99,113)
Resources
expended
£
(99,432)
-
(10,874)
(10,874)
(110,306)		 Balance at
31 March
2022
£
474,474
6,005
9,687
15,692
490,166
Balance at
31 March
2021
£
508,452
6,008
5,059
11,067
519,519

Page 17

NEW LIFE CHURCH CRAWLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)

13 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
407,369
68,439
(1,334)
474,474
Unrestricted
funds
General
£
416,515
93,270
(1,333)
508,452		 Restricted
funds
£
-
15,692
-
15,692
Restricted
funds
£
-
11,067
-
11,067		 Total funds
at 31
March
2022
£
407,369
84,131
(1,334)
490,166
Total funds
at 31
March
2021
£
416,515
104,337
(1,333)
519,519

Page 18