The Fellrunner Village Bus Limited (A company limited by guoranteel Annual Report and Financial ststements 31 December 2024 Company registration number: 03369311 Charity registratlon number.. 1064593 dOdd&co
The Fellrunner Village Bus Limited Contents Reference and Administrative Details Trustees. report Trustees, responsibilities in relation to the financial statements Independent examinels report Slalemenl of financial activities Balance sheet Notes lo the financial statements
The Fellrunner Village Bus Limited Reference and Administrative Details Charlty name The Fellrunner Village Bus Limited Charlty rogistratlon numbor 1064593 Company regislration number 03369311 Principal offjce 1 Brooklands Carleton Road PENRITH CA118LT Registered office 1 Brooklands Carteton Road PENRITH CA118LT Trustee8 N R Hannah M Hodgson (Resigation 30 September 20241 J McGilloway K McGilloway (Resignation 22 May 2024) C Randall Rwatt P Williams (Appointed 15 April 20241 W M Thompson (Appoinlment 1 January 2025) G M Sunderfand (Appointment 1 January 20251 Secrelaries N R Hannah (Resigation 9 July 20241 C Randall (Appointed 9 July 20241 Accountant Dodd & Co Limited FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA12RW Page 1
The Fellrunner Village Bus Limited Trustees. Report for the Year Ended 31 December 2024 The trustees are pleased to present their annual report wrth the financial slalemenls of the charity lor the year ended 31 December 2024 which are also prepared to meet the requirements for a directors. report and accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's goveming document. the Charities Act 2011 and Acuunting and Reporting by Ch8rities.- 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. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution The ch8rity is constituted under 8 Memorandum and Articles of Association dated 17 July 1997. The principal activity of the charity is to provide services linking Penrith and Carlisle to the Eden District villages. Appointment of Trustees The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. Names of possible trustees are proposed by the current trustees and brought to a meeting of the directors for consideration at which a decision of appointment is made. All trustees stand down at the AGM and offer themselves for re-election. Experience, skills and appropriate personal qualities of such candidates are taken into account. Potential trustees are made fully aware of the aims and purpose for which the charity was established and must fully support the aims contained with the governing documents. Trustees are provided with infomiation made available by the Charities Cornmission that lay out the responsibilities of trustees, describes and clarifies legislation and ensures they are kept up to dale with the charity sector. Organisation structure and decision making Twslees, meetings are held regulady and attended by all trustees lo consider the current issues facing the charity. 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. The trustees are satisfied that systems and procedures are in place to mitigate exposuie to major risks. Public benefit The tnjstees confimi that they have complied with the duties in section 17 of the Charities Act 2011 to have due regard *0 the public benefit guidance. OBJECTIVES AND ACTIVITIES Policies and objectives The principal objectives as sel out in the Memorandum of Association are to promote any charitable purpose for the benefit of the area covered by the Fellrunner operations in the County of Cumbria. In partiCLtlar the advancEment of education. and relief or povety, sickness, old age and distress through the provision of transport. Actlvltles for achieving objectives The charity operates bus seNices between Carlisle, Penrilh and a number of local villages in the Eden District. This is the only source of transport for a large number of residents. Page 2
The Fellrunner Village Bus Limited Trustees. Report for the Year Ended 31 December 2024 ACHIEVEMENTS AND PERFQRMANCE Review of activities In 2024 Fellrunner continued to provide its scheduled services to rural communities in the Eden, Lowther and Lyvennet valleys and expanded its excursions and private hire services which support the scheduled servic£s and allow the whole operation to be sustainable. The financial perfomiance was satisfactory overall, with total revenue for the year rising to £90.6k. a 4.kn increase on prior year. Fellrunner gratefully acknowledge the support of the (bus service operators granti. Westmor18nd and Furness Council, Penrith Town Council and numerous parish councils, 211 of which have contributed grants or donations during the year. Day to day operating cosls for Fellrunner were £53.1k, an increase of 150/y. This increase related entirely to incieased insurance and maintenance costs foi Ihe bus fleet. For 2024 Insuran, which had formerly been provided through the local authority but was no longer available following local government re-organisation, had to be procured at more than the cost on the open m8rket. Accidental damage lo the buses in service resulted in close to a doubling of Maintenan costs. All other costs were held at or below previous years levels. Depreciation rose sharply due to the acquisition of the new low floor bus in late 2023, and a first knll year's depreciatton charge in 2024. Despite these somewhat challenging Circumstan$, Fellrunner broke even in P&L temis in 2024, and ils total assets remain unchanged. However, by the end of 2024 it had Substantially increased its funds available for new vehicles trom the low point immediately after purchasing the last bus in late 2023. In addition, during the year, Fellrunner made applications for grants to, and received pledges of financial support from. 40 charitable trusts amounting to £20k, to be spent on the purchase of the next bus, which is anticipated will be required in 2026. This potential income has not been recognised in the accounts thus far. During the year Kevin McGilloway stepped down as chair and the directors wish lo acknowledge the huge contribution he made to Fellrunner over many years and continues to make as volunteer operations and maintenance manager. The board has been strengthened with new members. It is pleasing to report that several new volunteer drivers were recruited during 2024 and are now completing MIDAS qualifications and will be able to contribute towards running the service in 2025 and beyond. The directors wish lo express their huge thanks to all volunteers for their excEptional levels of servic2 to their community. PLANS FOR THE FUTURE Future developments The charaty plans lo continue to provide ServIS to all routes il currently operates. The trustees are considering further routes as necessary_ FINANCIAL REVIEW Reserves policy The charity has developed a reserves policy whereby the trustees annually review the reserves held in its unrestricted budget, ensuring there are sufficient funds to meet known liabilities and maintain as healthy a balance as possible for contingenaes. The truslees consider it prudent to hold funds equal to approximately six months operating costs which is approximately £27,000. Review Totsl income for Ihe year amounted to £90,63612023 - £86,832) with total expenditure being £90.601 12023 £68,483). At the year end, unreslricted funds were £200,848 {2023 - £215.813> and restricted fund5 were £18,11612023 £3,116). Free reseNes at 31 December 2024 amounted to £88,138 {2023- £65,608). Page 3
The Fellrunner Village Bus Limited Trustees. Report for the Year Ended 31 December 2024 Small company provisions This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Approved by the Board on 13 March 2025 and signed on its behalf by: N R Hannah Trustee Page 4
The Fellrunner Village Bus Limited Trustees. Responsibilities in relation to the Financial Statements The trustees Iwho are also directors of The Fellrunner Village Bus Limited for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are required to-. select suitable accounting policies and then apply them consistently. obseNe the methods and principles in the Charities SORP. make judgements and eslimales that are reasonable and prudent., state whether applicable UK accounting standards have been followed, subject to any material departures disdosed and explained in the financial statements,. and prepa the financial slalements on the going concern basis unless il is inappropriate to presLtme that the charilable company will conlinue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Ad 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
Independent Examiner's Report to the Trustees of The Fellrunner Village Bus Limited I report on the accounts of the company for the year ended 31 December 2024, which are set out on pages 7 to 18. Respective responsibilities of trusteeg and examiner The trustees {who are also the directors of the company for the putposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 as amended by the Ch31ities Act 2022 (the Act) and that an independent examination is needed. Hawng satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to". examine the accounts under section 145 of the Act" follow the procedures laid down in the General Directions given by Ihe Charity Commission under section 145 {5} (b) of the Act,. and stale whether particular matters have come lo my attention. Basis of indepondent examinerfs report My examinats'on was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanalions from you as truslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'lrue and fair view and the report is limiled to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention". 111 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting record5 in accordance with section 386 of the Companies Act 2006-, and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and pnnciples of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met", or {2} lo which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. FIFTEEN Rosehill Montgomery Way Rosehill Eslale CARLISLE CA12RW Martin radaile ACA Dodd & Co Limited Chartered Accountants 13 February 2025 Page 6
The Fellrunner Village Bus Limited Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 December 2024 Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Note Income and endovfflients frorn: Donations and legacies Investments Charitable activities Totsl income and endowmenls 28,916 1,665 45,055 75,636 15,000 43,916 1,665 45,055 90,636 37,309 1,162 48,361 86,832 15,000 Expenditure on- Charitable activities Total expenditure 90,601 90,601 90,601 90,601 68,483 68.483 Net income before transfers {14,965} 15,000 35 18,349 Transfers Transfers betsveen funds Nel movements in funds 114,9651 15,000 35 18,349 Reconciliation of funds Total funds broughl forward Total funds carried foMard 215,813 200,848 3,116 18,116 218,g29 218,984 200,580 218,929 All of the Charity's activities derive from continuing operations during the above peiiods. The notes on pages 9 to 18 form an integral part of these financial statements. Page 7
The Fellrunner Village Bus Limited Company registration number: 03369311 Balance Sheet as at 31 December 2024 2024 2023 Note Flxed assets Tangible assels 112.710 150,205 Currentassets Debtor$ Cash at bank and in hand 10 8,527 104.486 113.013 10,815 64,729 75,544 Creditors: Amounts falling due within one year 16.7591 (6,820) Net current assets 106,254 68,724 Net assets 218,964 218,929 The funds of Ihe charity: Restrlcted funds 18.116 3,116 Unrestrlcted funds Unrestricted income funds 200,848 215,813 Total charity funds For the financial year ended 31 December 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006. 218,964 218.929 The members have not required the charity lo obtain an audit of its ,accounts for the year in question in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and the preparation of accounts. These accounts have been prepared in accordan with the provisions applicable to companies subject lo the small companies regime. Approved by the Board on 13 March 2025 and signed on its behalf by.. N R Hannah Trustee The notes on page5 9 10 18 form an integral part of these financial statements. Page 8
The Fellrunner Village Bus Limited Notes to the Financial Statements for the Yèar Ended 31 December 2024 Accounting poli¢ies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consislently applied to all the years presented. unless otherwise stated. Slatement of compliance The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191- (Charities SORP (FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Acl 2006. Basis of preparation The charitable company meels the definition of a public benefit entity under FRS 102. Assels and liabilities are initially recognised at historical cost or transaction value unless otherwise slaled in the relevant accounting policy notes. Going concern These financial statements have been prepared on a going concem basis. The Iruslees assess whelhei the use of going concern is appropriate i.e. whelher there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity lo continlse as a going COnrn. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Fund accounllng pollcy Unrestricted income funds are general funds that are available for use at Ihe truslees, discretion in lurtherance 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. Designated fijnds are unrestricted fijnds set aside al the discretion of the trustees for specific purposes. Further details of each fund are disclosed in note 14. Page 9
The Fellrunner Village Bus Limited Notes to the Finan¢ial Statements for the Year Ended 31 December 2024 . continued Income and endowments Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event th81 a donation is subject lo conditions that require a level of performance by the Charity before the Charity is enlilled lo the funds, the income is deferred and not recognised until eilhei those conditions are fully mel, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administorjexecutor for the estate has communicated in wriling both the amount and settlement date. In the event that the gift is in the fomi of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measured with a degree of reasonable accuracy and the tille to the asset having been transferred to the Chanty. Income from Government and other grants, whether 'capilal' granls or 'ffvenue' grants, is recognised when the charity has entitlement to the funds. any performance conditions attached lo the grants have been mel, it is probable that thè income will be received and the amount can be measured reliably and is not deferred. Investment income is recognised on a receivable basis. Income from charitable activities includes income recognised as eamed las the related goods or services are provided} under contract. Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs lated to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its benefici8ries. It includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated lo activity cost categorie5 on a basis consistent with the use of resources. for example, allocating property costs by floor areas, or per capila, staff costs by the lime spent and other costs by Iheir usage. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Taxation The Charity is considered to pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of s charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempl 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 ch8ritable purposes. Fixed assels Individual fixed assets costing £1000 or more are initially recoided at cost. Depreciation 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 tollows.. Plant and machinery Motor vehicles Computer equipment 150/0 reducing balance 25Q/o reducing balance 25 /0 reducing balan¢ Page 10
The Fellrunner Village Bus Limited Notes to the Financial Statements for the Year Ended 31 December 2024 . conh.nued Trade Debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairmeni. A provision for the Impairment Df trade debtors is established when there is objective evidence that the Charity will nol be able lo collect all amoLJnls due according to the original terms of the re1vableS. Cash and Cash Equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terrn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Liabilities Trade creditors are obligations to pay for goods or SeIceS that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period. lo defer settlement of the creditor for at least velve months after the reporting dale. If Ihere is an uncondition81 right to defer settlement for at least te1ve months after the reporting date, they are presented as non-currenl liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Flnancial instruments Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to Ihe substance of the contractual arrangements entered into. An equity instrument is any contraci that evidences a sidUal interest in the assets of the Charity after deducting all of ils liabilities. All financial assets and liabilities are initially measured al Iransaclion price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the aifangemenl constitutes a financing tr8nsaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt inslrumenl. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised afflounls and the Charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when al the contractual rights la the cash flows from the financial asset expire or are settled, bl Ihe Charity transfers to another paty substantially all ol the risks and rewards of ownership of the financial asset, or c) the Charity, despite having retained some. but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financi21 liabilities are olerecognised only when the obligation specilied In the contiact is discharged, cancelled or expires. Page11
The Fellrunner Village Bus Limited Notes to the Financial Statements forthe Year Ended 31 December 2024 continued Donalions and legacies Unrestricted Restricted Totsl Funds Total Funds Funds Fund8 2024 2023 Donation$ and legacies Appeals and donations 13,213 13,213 16,463 Grants Westmorland and Furness 8SOG fuel rebates Penrith Town Council 6,900 5,803 3,000 15,703 15,000 21,900 5,803 3,000 30,703 15,000 3,000 20,846 15,000 28,916 15,000 43,916 37,309 Of Ihe donations and legacies income in 2023. £22,309 related to unrestricted funds and £15,000 related to restricted funds. Investments Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Interest on cash deposits 1,665 1,665 1,162 All of the investments income in 2023 related to unreslricled lunds. Charitable activities Unrestricted Restricted Totsl Funds Total Funds Funds Funds 2024 2023 Operation of bus service Private hire and excursions 27,817 17,238 45,055 27,817 17,238 45,055 31,486 16,875 48,361 All of the income from charitable activities in 2023 related lo unrestricted funds. Page 12
The Fellrunner Village Bus Limited Notes to the Financial Statements for the Year Ended 31 December 2024 . continued Expenditure Opèration of bus Service Total 2024 Totsl 2023 Direct costs Training Insurance Sundry expense5 Driver5 incidentals Fuel Garaging Maintenance Fleet management Advertising Depreciation 751 7,196 3.303 1,165 12,533 3.120 16,835 3,941 96 37.495 86,435 751 7.196 3,303 1,165 12,533 3,120 16,835 3,941 96 37,495 86,435 1,294 3,119 4.167 1.483 14,692 3,180 9,854 3,401 787 22,204 64,181 Support costs PhoF)e and IT Accountancy fees Independent examinerfs fee Bank charges 785 2,560 630 191 4.166 785 2,560 630 191 4.166 476 3,029 600 197 4,302 90,601 90,601 68.483 Of the expenditure in 2023, £67,696 related to unrestricted funds and £787 related to restricted funds. Governance costs 2024 2023 Accountancy fees Independent examineff s fee 2,560 630 3,190 3,029 600 3,629 Tru8tee8' remuneration and expenses During the year 6 trustees (2023 - 31 received reimbursement of expenses amounting to £567 {2023 £1,743) Page13
The Fellrunner Village Bus Limited Notes to the Financial Stalements for the Year Ended 31 December 2024 continued Net income Net income is staled after charging.. 2024 2023 Depreciation of tangible fixed assets 37.495 22,204 Page 14
The Fellrunner Village Bus Limited Notes to the Financial Statements for the Year Ended 31 December 2024 continued Tangible fixed assets Plant and machinery Including motor vehicles Computer equipment Totsl Cos1 As at 1 January 2024 and 31 Oecember 2024 281,586 1,373 282,959 D8preciation As at 1 January 2024 Charge for Ihe year As at 31 December 2024 131,804 37,389 169,193 950 106 1,056 132,754 37,495 170.249 Nel book value As at 31 December 2024 As at 31 December 2023 112,393 149,782 317 112,710 150.205 423 10 Debtors 2024 2023 Other debtors Prepayments and accrued income 4,650 3,877 8,527 6,780 4.035 10,815 11 Creditors: Amounts falling due within one year 2024 2023 Olher creditors Accruals and deferred income 1,271 5.488 6,759 2,218 4,602 6,820 12 Members. liability The charity is a private company. limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exedIng £10 towards the assets of the charity in the event of liquidation. Page 15
The Fellrunner Village Bus Limited Notes to the Financial Slalements for the Year Ended 31 December 2024 continued 13 Related parties Conlrolling entity The charity is controlled by the Iruslees who are all directors of the company. 14 Analysis of funds At31 December 2024 At 1 January 2024 Incomlng resources Resources expended Transfers Designated Funds Replacement bus fund Fixed assets 40,000 150,205 190,205 20,000 137,4951 117,4951 60,000 112,710 172,710 General Funds Unrestricted income fund 25,608 75.636 190,6011 17,495 28,138 Restricted Funds Replacement bus fund Promotion and publicity 15,000 15,000 3,116 18,116 3,116 3,116 15,000 218,929 90,636 190,601 } 218,964 New bus fund - funds designated towards the purchase of new buses. Fixed assets - value of unrestricted fixed assets. Replacement bus fund - is restricted for the purchase of a bus. Promotion and publicity fund- this is restricted for the promotion of the charity. Page 16
The Fellrunner Village Bus Limited Notes to the FinanGial Statements for the Year Ended 31 December 2024 . continued Prior perlod At1 January 2023 Incoming resources Resources expended At31 Decembèr 2023 Transfers inlloutl Deslgnatsd Funds Replacement bus fund Fixed assets 85,000 145,000> 150.205 105.205 40,000 150,205 190,205 A.4 nn General Funds Unrestncted income lund 65,391 71,832 167,6961 143.9191 25,608 Re9tricted Funds Fixed assets reslricled funds Replacement bus fund Promotion and publicity 31,286 15,000 3,903 50,189 {31,286) {30,QOO) 15.000 17871 17871 3,116 3,116 15,000 161,286) 200,580 88,832 (68,4831 218,929 15 Transfers A transfer was made from the Fixed assets designated fvnd to unrestricted funds for £37,495. This represents the movement in the nel book value of the unrestricted fixed assets during the year. A transfer was made from unrestricted funds to the Replacement Bus designated fund of £20,000 towards the purchase of a new bus in the future. Page 17
The Fellrunner Village Bus Limited Note5 to the Financial Statements for the Year Ended 31 December 2024 . continued 16 Net a8sets by fund Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Tangible assets Currenl assets Creditors.. Amounts falling due within one year Nel assets 112.710 94,897 112,710 113,013 150,205 75,544 18,116 (6,7591 200,848 16,7591 218,984 {6,820) 218,929 18,116 Prlor perlod UnTrstricted Funds Restricted Funds Total Funds 2023 Total Funds 2022 Tangible assets Current assets Creditors.. Amounts falling due within one year Net assets 150,205 72,428 150,205 75,544 {6,820} 218.929 72,285 130.133 {1,8381 200,580 3,116 16,820> 215,813 3,116 Page18