OLD HEAThCO.4T SCHOOL COMM[INf CENTRE (KtNGS STREET TIVERTON) LIMrfED (A COhIPANY LIMrrED BY GUARANfEE) YEAR ENDED 31 MARCH 2025 Colltents Page Reterence and administration detsils TnleeS report 24 Tndependent examinefs report StateEllent of fillonci21 Activities Balance sheet Notes forniing part of the fmancial statements 8-14
OLD HEATHCOAT SCH(K)L COMMUNITY CENfRE (KINGS STREWT TIVERTON) LTMrrED REFERENCE AI¥D ADMINISTTIoN DETAILS Charity name Old Heathcoat School Community Centre (King Street Tiverton) Limited Registered charity nuniber 1063152 Company number 3325037 Principal address and regtsiered office 81 King Stteet Tiverton EX16 5JJ Tnths R Caudwell D KnowlL% (Chair) J Bell J Woodley (passed away Febnwy 2025) R Dolley K Weber D Noble Tlldependent examiner Mt5 M Hutchings Apsleys LLP Chanered Accountants 21 Bampton Street Tiverton Devon EX16 6AA Bankers Natwest I l Fore Stteet Tiverton Devo4 FX16 6LW SecTJre Trust Bank One Way Solihull B90 4LH
OLD IIEATHCO.4T SCHOOL cOM{uNf CENTRE (KIThGS STREETTIVERTON) LIMtTED TRUSTEESREPORT YEAR EIWED 31 MARCH 2025 The TnteeS present their annulll report andthe fmancial statements of the charityfor the year ended 11 March 2025. The tteeS have adopted the piovislons of the Statemeni of Reconllnerkded Practice (SORP) "AcLounting and Reporting by Clwities" (FRS 102). the Charities Act 2011 and the Companies Act 2006 in prepating the annual report and fjnanc.iai statcmellts of the charity. Summary of the objects of the charity set out in its governing document The objects of the charity are to promote the benefit of locaI inhabitants of all a8e4 rac4 denominations aDdperwa510ll 2nd to seek to enhance their quality ol.lifr in a550ciation i¥ith other organi5ations by the promoting of education aud the provision of facilities in the inteiest of s131 wdfare. leCation alld lei5Ut¢ acttvities. Summary of the ll1 activilies in relation to these objectii*s Aboard of up to 15 Iwstets takes the tespoosibility for the sm(KJth running of the centre in 8ddition to its strategic role of developing the centre and its facllities in accordance with the chltieS objectives. The day to day nuining of the centre is delegated to a team of dedicated stsff who it in accordance with its operntiollal l1¢y. Declai?tion The trustees have had regard to the Charity Coumiission 8uid2llce on public benefit and believe this is achieved via the Chty,$ objectives and activities. ACHIEVEMENTS AND PERFoR4NcE Summary of the main aehievements of the ¢haritY during the year We were all shocked and saddened by the slidden pa&8ing olour friend Jill Woodley, wlko was chairn at the timq in Febnwy 2025. 1 became the Chairman at this time. The Board recogllises that there is a need for]nore TneeS aod is actively rectuitin& Our (edm of employees now totals five (muc.h Iess than in previous years). Gemma Parker (Cleaner) Kery Page (Sertior Cafe Assistant) Colin Wolfe (Caretaking) and Chelsrd IVe5t (Cafe Assistant) with Gail step1 as Centre MaDaBer and Admillisttator Climbing Wall At the close of the wevious financial year the firture of tbt clilllbing wall was Uncertai Finditig staff and the other profrssiouals yeSlry to maÈnlain a safe environment had become illcre&singly difficult alld the waIl had always operdted at a signifIcallt1055. Ill Aptil we wcte uthotmed that Sbty (Ollr lead cliDthing inslrucior) would be leaving for Canada in June. This furtber cemented the Board's decision to close the wall. Lktsintenauce We retained our cautious appmach EO spending this year. only carrying out essenti21 repairs 3lld WOTks. Ivhilst carrying out e5selltial repai[5 to the stq)s of the Briltou Centre we discovered the floor of the Britton Centre h&8 some wood rot 2ud will need to be replaced sometitne in the next l?_18 months. Not a sEnall job. We will seek ndIng for this in the upcoming year.
OLD HEATHCOAT SCHOOL COMMUNITY CENTRE (KINGS STREETTIIIRTON)LIMTTED TRUSTEES REPORT (CONfiNtrED) YEAR EIWED 31 MARCH 2025 Café The café continue5 to be too busy foi only one menkn of staftbut not qte busy etkougb to pay for two. Public f(t fall h&8 illcieased butincreased charges for stock offsets the se Itll we would noTll1IY expect to see. Overall. the cafe continues lo J$t about break even most of the time. The café contiDlles to offer the ever-popular mid-week roast and the Winter Warnlers club oll Friday afternoons during the colder Jnonths. Community Engagement Linda Ketslake. a foer enwloyee 2nd now enth$13st1C vollleer, orwised two crnft faits this year and a pre-loved items sale. Linda along ivith some other generous volunteers also gave up their time on Christmas Day to provide the vital service of a hot Christmas Dinner for those in neal Looking forward The Centre continues to IK busi than previous ye8rs and our income h&s increarf however the contimied increases In nlling costs mean that our long-terni future is still not secuK We do not plan any la prOjts othet tlian those for which we could secur¢ fuDdillg and will keep a Glose watch on our iucome alld expellses the yearprogresses. Reservos Tn line with our reserves policy we cutlY have £60.0 Ting fenced as Our reservas. Brlefsummary ol the ehxrity'8 polley on reserves The Trustees consider Itpnellt to ensure that sufficient reserves exist to cover the basi¢ nmning cost5 of the centre for a 6 months puiod. ]n practice this has been met or exceeded since tbe aCquItion of the centre in September 1997. STRucfuRfj GOVERNAIYCE AND MANAGEME Type of governing document How the charity is constikntal Memondm and Atticles of Associaiion Private coinpany. limited by guarantee. no share capital Trustees selection method It is the policy of the Old Heathcoat School Community Centre to encourage and faciIitste membets of community to provide lstanCe and SLTpporL The use of volunteers maximises conllnunity engagement 2nd promotes pgfjmetship working belween the OHSCC. other agenc.ies and our collllnuniry. Trusiees are r[ulled in accordance with Charity Con)mission 8uide]irEs from volwiteffls. ÈllteTCSted neighbours and local residents. Additional governance issues The Working Group comprised of ChairnMtL Tieasurer. Gail Stephens (AdministraEor) aud Jill Woodley (Vice Chair) meet weeldy in the Cenlre and incorporates other Tn into their disc5105 wheAe possible. The w0]ng Group so keep other Board JneAubets up to date between meetiugs via ellwil.
OIJ) HEATHCOAT SCHOOL COmMUMcENTRE (I(tNGS STREET TIVERTON) LIf*lED TRUSTEES REPORT YEAR ENDED 31 TrIARCH 2025 (CONfiNUED) Trustee5' consideration ofmajor ris]£s the system and procedure to manage them The Trostecs have reviewed all major Eisks vA]ich thcy cousidcr migbt apply to the Centre with specific attention to adequate IUranCe cover. health 3nd safety legislatioffj re prevention and the safew ot all categories of Centre users. The Tmstees are not aware of any risk or potenti2[ ha72rds which have not beell addThe(L This report beeD prepared taknng advantsge of the smatl conVY exemption of Section 415A of the Companies Act 2006. ThiSTewrtwas approvedbytheBoardon................ and sigtEed on theiT behalf by: D KNOWLES
INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL OF OLD HEATHCOAT SCHOOL CENTRE (KING STREET TIVERTON) LINtITED I report to the charity trustees on my examIOn of the ac£ounts of the company forthe year ended 31 Mxich 2025 which are set out on pages 7 to 15. Responsibillties and basis of report As the charity trustees of the company (and 8]so its direciors for the putposcs of company law) you are iespouslble for the preparation of the accouDts ill accordance with the rcquirements of the Companies Ac.t 2006 ('the 2006 Act.). Having satisfied myse]f that the accounts of the company are not required to audited under Part 16 of the 2006 Act aod are eligÈble for tndependent examiuation. I teport io resplxl of my eXamItion of your company's accounts as catEied out under section 145 of the Charities Act 2011 ('the ?01 l Act.). kn rallying out my examination I have followed the Dire¢tions given by the Cknity Commission under sedion 145{5)(b) of the 2011 Act. Independent examiner's Statellnt I have completed my e.xamin8tioL I confirm that no llmttets have come to my attentioll in connection with the examination giving me cause to believe that in any Matla1 Tespect: acc4Junting records were notkept in respect of the company as Tequired by section 386 of the 2006 A¢L or the acc.ounts do not accord with those records" or the 2cc<Junts do not Comply with the accouniing requirenients of tIOn 196 of the ?006 Act other than any tequiTeillent that the accounts ¢ a 'true and fair view. which is not a mxtter considered as part of an independent exan]inatioo or the alcounts have not been prepared in accordance with the methods and principles of the Statement of Recon]mended Practice for accoutlting and ryoTting by cknities appli(xble to charities prepartug their accounts in accordaocewith the Financial Reporting Standard applicable ill the UK and Repub]i¢ of Ireland (FRS 102). I have no CODcems and hAve come across no othernmtters in co]mection with the examination to which attention should be draivn in this report in order to enable a proper undet5tanding of the accounts to bereache Mrs M Hutchillg Apsleyy LLP Chartered Aceountants 21 DIptOn Street Trerton Devon EX16 6A Date:
OLD HEATHCOAT SCHOOL COMmUy CENTRE (KtNGS STREET TIVERTON) IJMrrED srATEMENf OF FINANCIAL AcrIvrriES INCLiiDING INCOME AND EXPEM)rruRE ACCOUNT YEAR ENDED 31 MARCH 2025 Notes Restricted Total funds Total fdS 202) 2024 Unrcstricied funds Income Desi Donations and legacies 1.768 1.768 l241 Clwitable activities 250 137J85 137.635 148.563 tnvesl]nents 2.346 1.725 Other 2.362 2.362 ?.490 Total Jncome 250 143.861 144.111 154,019 Expenditure on CIMritable activities 151 147,867 148.018 153.722 Total expenditure 151 147.867 148,018 153,722 Ne¢ Incon*1 (expendityre) (4.006) (3.907) 297 Transfer between fundA Net movement in (4.006) (3,907) 297 Total fi]nds at 31 March 2024 T(Jtal funds at 31 March 2025 4C)3,134 461.233 56.267 52.261 611.000 60.000 579.401 575.494 i79.104 579.401 The note5 on pages 8 10 14 fomi part of these stalen)eo
OLD HEATIICOAT SCH(K)L COM[ CENTRE (KINGS STREETTIVERTON) LIMrrED BAL.4NCE SHEET 31 MARCH 2025 2025 2024 Notes Fixed Assets Tangible assets 489.606 491233 Current assets 2.000 10.296 82.107 94.403 1.250 10.794 Del)tors Cash at bank and in hand 10 94.830 Creditors: amounts falling due within one year li 8515 6.662 Net current assets 85.888 88.168 Net a88et8 575.494 579.401 Funds of the eharfity Restii¢ted funds Unrestii¢ted funds General fiinds Iksiwted funds 14 14 463233 463.134 52261 60.000 56.267 60.000 112.261 116267 i7i.494 579.401 For the year ending 31 March 2025 the company wa8 eIdea to exemption from audit under Section 477 of the Companies Act 2006 relating small conipanies. Trtt*s, respoDsibiliti(¥: be[S have JAot rquired the eompany to obtsin an audit of its accounts for the year in question in accoidance with section 476" The trustees acknowledge their responsibilities for complying with the witemeJAts of the actwitb T&8pect to accounting records and the pwaration of accounts. These accounts have been prepared in accordance with the provisioLs applicable to companies subject to the SMBII companies, gie. These fuwicial statellnents were apptoved alld authoIised lor IUe by the ttILSte&s ou...ioII and signed on their alf RCAUDWELL TTUSt¢e Company registration numirr 3325037 The notes on pages 8 to 14 form part of the financial ststemen D KNOWLES Tnee
OLD HEATHCOAT SCHOOL COMM[1 CENTRE (KINGS STREET TIVERTON) LIfvItrED NOTES FORMtNG P.4RT OF THE FINANCL4L STATEMENTS YEAR ENDED 31 MARCH 202? Summary ofsignifieant accouutiug policies (a) GeDerg1 iDfornthtioD and basis of preparation Old Hcathcoat School CouunuDity Celltre (King Se¢t Tiverton) Limttcd 15 a wivate coInpany limited by gu8rdlltee alld does not Imve a Share c3PttaL The company is a registered chatity All Engl8ud withtn the Uniied Kingd(pni. In the event of the c.harity being wound up. the liability in speCt of the guarantee is lunited to £1 per member of the charity. The charity constitutes a pub]ic benefit entity &s defined by FRS 102. The fllkancial statemeuts have been prepared ill accord¥nce with Accounting and Reporting by Charitics: Stateffient of Recommended Practice applÈcable io chaEities preparing their accounis in acc4)rdanc£ with the Financial Reporting Standatd applicable in the UK and Republic of Ireland (IRS 102) issued on 16 July 2014 (as updated throvgh Update Blllletill I published OD 2 Febtuary 2016). the Charities Act 2011. the Conw2Jies Act 2006 and UK Generally Accepted Accounting Prdctice. Th¢ financ.ial statements are pEad ou a gDiag concern E*sis under the liistorical cost convention. modified to include certain ilejns at fair value. The financial slatemellts are presented in sterling ivhich is the fimctional ¢urtency of the clwity and rounded to the llearest L The sigDificatkt accountir£g policies applied in the prepatation of these fiDanciai statements ate set out below. These policie5 have been consistently applied to all years presented wdess othetwise stste& (b) Debtors and creditors recefivable I payable within one y&qr Debtors alld ¢redÉtors with no sthted interest raie andTeceivable or payable wÉthiD one year are recorded at transaction price. Any losses arising from impairnient are recoguised in expellditte. (c) Cash Cash glld cash equivalents are basie fillancial assets and include cash Inhall deposits held at call with baDks, other short-tern] liquid invesjjnents '1th original matitieS of three onthS or less. and bank overthBtts. (d) Fund8 General funds are available for use at the disc10 of the InleeS in fllrthrnee olthe genernl objectiv&s of the cl]ariry and which bave not been desig]ated for Oth puw. Designated fimds comwise unrestricted that have bn set aside by the t(stee$ forpatticll]ar purptsses. The aim and use of each dcsignatcd lld is set out in the notes to the financial statements. Restiicted are furÉds which ate to be used in aiEoEdance with specÈfic restrictions imposed by donors or which havc been raised by the clwity for particular putposts. The cost of raising and administering such fid5 are charged against the specific fund. The aim and use ofeach testiicted fi]nd is set out in the notes to the fuwicial statetnents.
OLD HEATHCO.4T SCHOOL Commi CENTRE (KtNGS STREET TIVERTOIY) LIMtrED NIYTES FORMINC PART OF THE FINANCIAL STATEMENTS YEAR EIWED 31 MARCH 2025 (e) Incolne recognition All incorniuu resources ate included ill the Ststement of FiDancial Activities (SOFA) whell the chatity is legally elllitled to the iucome atlcr allYperf0mllce coaditiojjs havc beell Enc¢ the Can be llleasuied reliably and li is probable that the income will be receiveiL For donations to be recognised tlit cbartty will have ell notified of the amounts 8nd the settlemellt date ill TltIng. If thvte are conditions attached to the douatiou aud this reqll1$ a levcl of petfotmaucc before elltitleellt can be obtsined Éhen inGollLe is deffflred until those conditions are fully met or the fulfilment of those conditions is Iviihin the control of the charity and it is probable Elt they will be fillfill No llouDt is included in the filncIal statements forvohmteer lime in line with the SORP (FRS 10?). Income from govenunent and other grants are TgI)iSed at fair value when the c.Iwity has entitlemcnt after any perforniance conditiolls have been met it is probable that the income will be received andthe amount canbe Illeasled rejiably. If entitlement is not then these amounts are deferr&l (0 Expenditure recognitio All expendiÉure is accounted for on an acenlS basis and hLS been classifled under headin lliat aggate all costs related to the category. Expendiiure is recognised wb¢rc the is a legal or conslructive obligation to make payments to third parties. it is probable that the settlement will be required andthe amount of the obligation can be measured Teliably. It is categotised under the foUowingbeadinB5: Fupenditure on charitable aGtivities ItrecoverabIe VAT is ¢harged as an expeust against the activity forwhich expenditure aro (g) TallgibIe Ilxed assets Tangible red assets are sthied at C05t (or deeJn¢d Cost) orvaluation less acc.U1ated deptec.iation and accutllulated impament losses. Cost Andudes costs directly attributable io making the 8&%¢t capable of opetating as iDtende(L Depie¢iation is provided on all tangible fixed &ssets. at calculaied to write. off tbe cost. less estimated LEsidua] value, of each on a systematic b&sis over its expected useful Itfe &8 follows: Freehold land and builthngs Office equipment FixtuKs and fitlings Othet tixtures and fitiings Other equipment Nil 20% reducing balance 150h reducing balance 5 yeats straight line 20% ieducing balance (h)T The clwity is au exempt charity within the meaning ot schedule 3 of thc ch1t1 Act 2011 and is coLsidered to ass the tests set out in Paragraph I Schedule 6 finance Act 2010 and thetefore it meets the definition of a hatilabl¢ con)p8ny for UK CO[ration tax puiposes. {1) Goillg coucern At the time of approving the financial statcment4 the tru5tces have a re&8onable expeetxtiou that tl)e dwiiyhas ad¢quate resources to conti]]ue in operntional cxislellce forthc foreseeable fithwe. Th th¢ tsiJsl¢¢s eolltiwe to adopt thc going concern basis of accounting in pr¢paTing lh¢ fjnancial 5tstements.
io OLD HEATHCOAT SCHOOL COMMiINrrY CENTRE (KINGS STREET TIVERTON) LIMED N(YTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR EM)ED 31 MARCH 2025 Donations and legacies Unrestricted funds Restrictcd Tot fimds Total funds 2025 General Dlnated DouatioDs 1.768 1.768 1.241 Unrestricted funib Tor21 funds Total fidS 025 2024 Charitable activities funds Desi FundEaising events ReDtsI incomel roo hire Cate income Grants re¢¢tv8ble 365 100.174 36.846 365 100.174 36.846 259 137.635 486 105.918 37.190 4.969 148.563 ?50 250 137.385 Unrestricted fimds R¢stticted funds Tot21 funds Total funds 2025 024 tnvejtments Desi Deposit account illterest 2J46 1.725 Unrestrieted funds I fund5 Total fimds General ted 2025 2024 Other fiEnd5 Feed in tlIT Other income 2,434 56 2.490 20 2.362 20 2,362
li OLD HEATHCO.4T SCHOOL comIUr[y CENTRE <iaNGS STREET TIVERTON) LIMrfED Fi(yrES FORMING PART OF THE FINANCL4L STATEhfENTS YEAR ENDED 31 MARCH 2025 Expenditure Untcstticted Genetal Notes Restricted Total 2025 Total 2024 Charitable a¢tiviticy W14 gvs and salaTies Repaits aud maintenance LiglLt and heat Water and Business teS Cleaning supplies and services tnsurAnce Refreshmellts provided for gro]w Events and pIojects Cafe expenses (adjusted for stock) Tne$ & Volulltee expenses Telephone Printin& postage and stationery Clinibing Wall Admin Advertising Accountancy I£gal and professional fees Bank account and card charges Subscriptloll 8lld licences Miscellalleous expenses Depreciation Bad debt SVTittell off 87237 14.425 93.614 15.561 12.099 2.793 3.197 5.042 14.425 3377 3,477 4.88) 3.377 3,477 4.885 65 13.265 65 163 1?,495 217 1.824 424 596 2.031 2.031 480 227 197 1.560 2?7 197 1.560 1.440 300 351 366 996 1.965 279 153.7?2 346 l.l17 356 1.476 346 1.117 356 1,627 151 151 147.867 148,018 Employment ¢05ts 2025 2024 Gross wages and salaries EmployerNational insurance contnl)wions Employment allowance Employees Pension c.ontnl)utions 92.809 4.868 (4.868) 805 93.614 4.868 (4.868) 805 87.237 Number of cmployees 2025 2024 The average number of eniployees dwing the year No eJnployee received emolTmients of more than £60.000 duting the year.
12 OLD EEATHCO.4T SCHOOL COMM[]NT CENTRE IILINGS STREET TIVERTON) LIMtrED N(ITES FORMtNG P.4RT OF THE FINANCIAL sfATEMENTS YEAR EI¥DED 31 MARCH 2025 TaDgibIe fixed asset Freehold Office ui Fixtures and fitt Other ui Total C05t At ql March 2024 Adth"ÉEons in year Sold At 31 March 2025 481.560 9.636 57.242 36.585 585.0? 481.560 9.636 57.242 36.585 585.023 Depreciation At 11 marc.h 2024 Charge for the year Elirninad on disposal At 11 March 2025 9.077 112 51.084 924 33,629 591 93.790 1.627 9.189 52.008 34220 95.417 Net book value At 31 MCh 2025 At 31 2024 481.560 481.560 447 559 5.234 6.158 2.365 2.956 489.606 491233 Stock 202) 2024 Café sto¢k 2.000 1250 10. Debtors 2025 2024 Trade debtors Prepaymellts 10.028 268 10.296 10.558 10.794 11. Creditors: Amounts falling due Yiithin one year 2025 2024 Trade credito Taxation and social security Accn]als Other GreditOE5 1.783 1.014 5.578 140 8515 821 560 5.152 129 6.662 11 Trustees, remnneratioll and e4)ens No trustees Teceived aDyTemuneration or expeoses xeimbutsed thwinglhe year
13 OLD HEATHCOAT SCHOOL COMMUNI CENfRE IiaNGS STREET TIVERTON) LIMTfED NOTES FORMING PIIRT OF THE FtNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13. Related party transactio¥ There wereno trall5actiolls with related Parti during the year. lrfL Anatysis offunds tIA 2024 Resources At31 ded March 2025 TTallsfs oueS Restricted fund8 Property repairs Freehold property OÉher fixed assets New Freehold Building Project New boilers Tiverton Town Council- new chairs 127.346 402 334.838 548 127.346 333 334.838 466 250 463.233 69 82 250 2iO 463.134 151 Unre8tri¢ted funds General funds 56267 143.861 147.867 52.26J Designated funds Repairs and maintenance Running e05t [Td 60.(X)O 60.000 60.000 60,000 579.401 144.111 148.018 575.494 Resources At31 TTansfffls resources ded March 2024 ex 2023 Restrlcted funds Propety repairs Freeholdpr0rtY Other fLxed assets New Fre¢hold Building Ptojeet New boileis Grallt- NonDans F3wiKy Gtant- Amory -climbing Grnot . Amory- Cafe Graot . Masons . Winter Warniers 127.346 485 334.838 64) 127 346 402 334.838 548 83 97 1.469 2.500 500 500 5.149 1.469 2.500 500 500 4J69 463J14 463.134 Unrestricted funds Gener31 fuDds 75.790 (20.(KIO) 149.050 56267 Desigllated fvDds Repairs and maintenance Running ¢ost 40.000 40.000 20.000 20.000 60,000 60.000 i79.104 154.019 153.722 579,401
14 (KINGS STREETTtVERTON)LIMITED NOTES FORTrIING PART OF THE FINANCIAL STATETrIENTS YEAR ENDED 31 MARCH 2025 14. Anaty$i8 of fun(L8 (continued) The r&stricted fiukds have been set aside out of uDrtStricted fimds by the trustees for the following specific PUQYOses: Property repairs: this fuDdillg is for specific repairs (chosen by the trustecs) required to the bulldillg whebY grallt5 at¢ Sought to cover the expellditur¢. Freehold ptopcrty: is fia8 t.or the freebold ppty 81 King StreeL Other fixed assets: is fimding for the acquisxtion of other fixed assets. New Freehold Buildingproject: is the fidillg foi th¢ acquisition of various new projecES ulldertakell to the building. New boil¢ts: is the fimding for the purchase olboilers. The trustees decided to riDg-fence £60.(M)O from U1£slCted genernl funds to Designated foi the pury)ose of Six Illollths numing Costs as an emergency fimiL Grant from Nornwi Family was receival towards provision of hr-price cIimbiDg instruction to children aged 5 - 16 trom low inconie fatnilies Gtants from Atnory TTUSÉ w¢te provided towards nllming cost of the climbing wall the café Grnnt received from Masons was teceived towards Willter Watmets C]ub for elderly ¥nd vulnerable towatds food cost to enable to offer hot meals at reduced prices. 11. Anatyjis of net assets between funds Untestricted fun& Restricied funds Total funds Total fimds 2025 2024 Desi Tangible red assets Current assets Cuttent habi]ities 463,233 26371 34,403 (8.)15 52.261 489.606 94.403 (8.515) 575.494 492.422 60.000 (7.450) 579,104 463 ?33 60.000