namss
National Association for
Managers of Student Services
Annual Report 202312024
Registered Charity No.. 1072766

Contents
Part 1- Executive Members, Reports
Chair and Deputy Chair
Treasurer
Part 2- Accounts for the year ending August 2024

NAMSS Annual Accounts Foreword from the Chair and Deputy Chair
We were pleased to be able to formally publish and launch our new strategic plan in March
2024, as part of our two-day annual national conference, hosted in Birmingham. There is so
much for us to be proud of as an Association, with a growing support offer, including the
delivery of our second sell out student experien￿ conference and a third one planned for
January 2025.
Our NAMSS Online community has continued to go from strength to strength, with a varied
and wid&reaching offer which includes student finance, safeguarding and equality and
diversity.
The year began with the UK race riols, a stark reminder of the deep-seated inequalities that
persist in our society. These events had a profound impact on the communities we serve and
the ripples for our students and staff. We also saw a number of other developments that had
impact for student servI￿s, including the ongoing austerity measures, which continued to put
pressure on support services and wider college outputs, whilst at the same time, experiencing
a growing demand for support from students, many of whom were struggling with unrest within
their communities, personal financial challenges and the weight of significant shifts around
areas including climate change and our political landscape.
Despite these challenges, NAMSS has endeavoured to be responslve and support our
members, equipping and sharing practice, offering a network of support and providing our own
sense of place and community for our member5. We have also continued to play a leading role
in shaping the national debate on topics associated with student support services, participating
in government roundtables and discussions, lobbying and championing the work of our
members.
Thanks to the willingness of members to contribute to our national behaviour questionnaire,
we were able to publish a new behaviour insights report in November 2024, providing an
oveTview of some of the challenges and pressures facing student support services across the
sector, with a thought ple￿ from behaviour expert Paul Dix. We hope to further build on the
insights report and capture valuable data to help shape debate and investment, with this piece
of work becoming an annual activity for the Association.
Looking ahead, we are confident that NAMSS will continue to be a strong voice for student
support services. We will continue to support our members through the challenges ahead, and
we will continue to work to ensure that all students have access to the support they need to
suc￿ed.
We would like to thank all of our members for their continued support. We would also like to
thank the NAMSS Executive team for their energy, support and commitment to advancing the
work of the Association.
Lisa Humphries and Joe Baldwin
Chair and Deputy Chair
NAMSS Executive Team

Treasurer- Wayne Dewick
The Trustees continue to support, agree and work to realistic but dynamic budgets that
ensure accountable activity meets projected targets, whilst actively and closely monitoring
expenditure. This annual report presents the accounts that relate to the period 1 st
September 2023 to 31 st August 2024, from the budget agreed at the Annual General
Meeting in 2023. The budget I'm proposing reflects the forthcoming year 2025126, as outlined
in the AGM papers.
Our Accountants (Streets) have independently examined the accounts in accordance with
the Charrties Act and general guidance given by the Charity Commission. In planning our
activities for the year, we have taken due regard to the Charity Commission's guidance on
public benefit - as defined in our objectives and activities, described herein. Our bankers
(HSBC and Cambridge & Counties Bank) periodically test our accountability to ensure we
meet legislation and regulations relating to banking, money laundering, etc. In addition, the
Charity Commission's 'lnternal Financial ContrDls for Charities Checklist, is completed
annually by the Treasurer and Administrator to further ensure compliance.
NAMSS continues to be a very solvent organisation. Reser￿e8 continue to remain extremely
healthy with a year-end balance of £188,888 (£181,213 in 2022123 and £156,640 in
2021122).
There was a net surplus income (including movement of funds) for the year ended 31st
August 2024 of £7,675 (compared to a surplus in 2022123 of £24,573 and a deficit in 2021122
of £13,193). Whilst we typically plan for a small surpluslbreakeven, this year's surplus is
principally attributed to increased income from subscriptions and cOnferen￿S. We continue
to invest reserves in a mixture of short & medium term non-risk High Interest Bond accounts,
realising an investment income this year of £7,103 for the year (£4,017 in 2022123 and
£1,017 in 2021122).
Income
In the 2023124 financial year, income totalled £178,391, an increase of £9,940 on last year
(2022123). Our two most significant income streams continue to be subscriptions and the
annual conference:
a. In 2023124 membership numbers remained healthy with a further increase seen,
despite college mergers and continuing financial pressures in the sector. A small
increase in membership resulted in revenue increasing by £1,745 to £83,825.
Membership continues to be a priority for the Trustees and they are committed to
looking at methods to increase and attract new membership across all types of post-
16 education and training in the forthcoming years, as outlined in the current Strategic
Plan.
b. Our Annual Conference in 2024 saw us at the Park Regis in Birmingham for the first
time, with over 120 attendees. Vvhilst this conference typically aims to break even, the
increased costs of this new venue meant increased delegate and exhibitor fees. In
addition, it was supported by a large number of Exhibitors and sponsors and an
increased number of 'day delegates, that contributed to the increased income of this
event (increased by £8,799 compared to the 2023 event), resulting in a small surplus
of £5,003. The Trustees are continuously looking at the locationlvenue to ensure it is
ac￿Ssible and affordable for as many members as possible- buoyant sponsorship
for future events will continue to make this even more a￿ssIble and good value for
money. 2025, will see this event return to Liverpool.
Additional income generation activity is being considered and discussed by the Trustees to
support and diversify income- this forms part of the developing strategic plan.

Expendlture
A number of factors have seen the expenditure rise by £26,838 to £170,716 (£143,878 in
2022123). these principally include..
a. Annual conferen￿ expenditure increased by £7,771- this was attributed to
increased venue costs and AV hire.
b. Increase in membership services costs of £7.326 (Administrator, Honorariums,
Democracy Fund support).
Support costs increased by £10,974, this was principally attributed to how the
Trustees places at Conference are recorded. Conference costs prices are now shown
as an expenditure against 'Executive [Trustees] Meeting Expenses,, thereby reflecting
more accurately the cost of this line.
summary
To ensure our strong financial position is maintained, our commitment to grow membership
and provide services to members, the Trustees will continue to consider the range of value
for money membership categories and Services available to ensure they are best suited to
today's organisations- our members.
The budget for 2025126 that will be proposed at the 2025 Annual General Meeting will reflect
the desire of the Trustees to further share out responsibilities and to continue to grow our
activity and membership whilst being aware of the many challenges our dynamic sector
presents us with.
To that end, the budget I will be proposing will have been prior to the AGM, approved by the
Trustees based upon projected and planned activity for the forthcoming year, set at a small
surplus as defined in the budget paper circulated with the AGM papers. Funds for any
unplanned or additional activity will be drawn from our reserves, if required.
Wayne Dewick
NAMSS Treasurer.

CHARITY REGISTRATION NUMBER: 1072766
The National Association for Managers of Student Services
Unaudited Financial Statements
For the year ended
31 August 2024

The National Association for Managers of Student Services
Fin#nttsi Statements
Ytgr ended 31 AuEUSt 2024
Pages
Trnstees, annual report
Ito3
Independent examinevs report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statcments
7t013

The National Association for Managers of Student Services
Trusttts, Annual Report
Ye#r ended 31 August 2024
The trustees present their report and the unaudiled financial statements of the chg4rity for the year ended
31 August 2024.
Reference and administr4tive details
Reglstered charity name
The N74tional A￿ociation for Mana8crs uf Student Services
Charlty regtstrgtion number
1072766
Prlncipal office
40 Butchcr Drive
Godmanchester
HunLingdon
PE29 9PS
The trustees
J Baldwin
S Cousins
l. Humphries
J Breakwell
P W Dewick
L Hartley
S Daftcr
L Pcrry
C Hayes
H Bashir
A Adamson
(Appointed l May 2024)
(Appointed l May 2024)
IY4DEPENDENT EXAMINER
Shane Tharby
For and on behalf of
Strcets Charlered AcLountants
3 Wellbrook Court
Girton
Cambridge
CB3 ONA
Structurei govtrnance and m%nagtment
The charity is also known as NAMSS and was established by a charitable trust deed dated 24 October 1998,
amended on 10 March 2008 and subsequently on 10 March 2015. 14 March 2017. 20 March 2018, 12 March
2019 and l May 2024.
All of the l¢uslees are rnembers of the Ex¢cuiive Commitlee. No bencficial inlercsl was received by any of the
trustees during the year.
The direction of the ¢h&rity 15 set by the Executive Committee.

The National Association for Managers of Student Services
Trusteesl Annual Report (eo*ilnutd)
Year ended 31 AuEUSt 2024
Strutturey governgnce and mydnagement {coNliiMed)
Retnibtment gnd appointment of trnstees
As set out in the constitution, the charity has a minimum of 7 executive committee members and a maximum of
13.
Nominations for election to the Executive Committee must bc madc by members of the charity in writing and
must be in the hands of the administrator of thc Executive Commiltee at least 14 days belore the annual general
meeting. Should nominations exced vacancies, election shall be by secret ballot.
All mcmbers of the Executive Committ¢¢ shall serve for a fixcd temi from their appointmeni at an annual
general rncetin8. Th¢ chair and deputy chair will serve for three years and other members will serve for two
year5.
Induction and tralnlng oftrusttes
The trustces are rcferred lo the Expcclalions and Duties Mcmorandum which all truslecs subscribe to. Lach
Irustec accepts individual areds of responsibilily which, as far as pos8ible, make use of thcir spccific experiisc.
Organlsatlon structurt
Thc organisation structure of thc Executive Committee is as follows:
L Humphri&s- Chair
J Baldwin- D¢puty Chair
P W Dewick - Treasurer
S Cousins- Trustee
J Brcakwell - Truslee
S Dafier- Trustee
L Perry - Trustee
C Hayes - Trustec
H Bashir- Truslee
L l.lartley - Trustec
A Adamson- Trusicc
The memb¢rs delegatc the day to day Nnning of the charily to the charity's Administrator. Nicola Hood.
The Ex¢cutiv¢ Committcc mects together during the year io discuss the aGlivities, perlomiance #nd tutuit ol. the
charity and maticrs are decided by a majority of votes.
Risk Management
The members of the Ex¢¢utive Committ¢e have assessed the major risks to which the charity is exposed, and are
tisfied that systems Hre in place to mitigale cxp05ure to the major risks.
The members of the Executive Commitlee have paid due regard to guidance issued by the Charity Commissions
in deciding wh&t activities th¢ charity should undertake and given consideration io the public benefit
requirem¢nts.

The National AssocRatRon for Managers of Student Services
Trustee8' Annual Report
Year ended 31 August 2024
Objectives and aclivltl
Th¢ charity's objects are to advance the education of collcge smdents. in particular p081-16 Students and learners.
by the developmcnt of high quality services wbich promote, enhance and support the learning opportiu]ities
available to them.
The cbarity's sigttifi¢aot a¢tiviti¢s for a¢bi¢ving its objectives, the a¢hievements and p¢rforn]an¢¢ during the year
arc set out ITL the reports from the Chair, Dgputy Cbair, Tr¢asur¢T AdministratOT.
Acblevements and performan¢e
The acbievemenls and perforn]ance are reported in the 8nnual report.
Flnancl81 revk
The fwanci81 review is reported in the Tr¢asur¢r's report presented in tbe 8Jmual report.
Reserves pollcy
Ii is the policy of the ¢harity that unrestricted fimds which have not been designated for a specific use should b¢
maintaincd to at least a level equivalent to a year's expenditure. The members of the Executive Committe¢
consider that T¢s¢rv¢s at this l¢v¢l will ensure that, Ill the event of a signitiwii drop ill funding, they will be able
lo continue the charity's currcDt activitle5 while Consideration is givcn to ways in which additional ftu)ds May be
raised. This level of reserves has been mainlained througboul the year.
l+.i.z
Tbe tDJStecs' annual Kport was approved on .............................. al￿ signed on b¢balf ot the board of trustees by..
L Humpbri¢s
TTUStee

The National Association for Managers of Student Services
Independent Examinerls Report to the Trustees of The Nydtlonal Associatlon for M8nAgers of Student
Servlces
Year tnded 31 August 2024
I report to thc trustees on my examination of thc financial statcments ol The National Association for Managers
of Siud¢n¢ Services ('th¢ Gharity,) for the ycar cnded 31 August 2024.
Re5POnsibilitles and basis of report
As th¢ trustees of the charity you are responsible for th¢ preparation of the financial stdtements in accord8nCC
with the requiremcnts of the CharitlC5 Act 2011 ('the Act.).
I rcpori in respect of my examination of ihe charity's financial statcments carried out under scclion 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 confirni that no matcrial matters have Come to my attenlion in conneclion
with lh¢ examination giving me cause to believe that in any material respect:
accountin8 records were not kept in respcct of the charity as required by section 130 of th¢ Act. or
the tinancial statement5 do not accord with those records. or
the financial ststements do not comply with the applicabl¢ requirements concernin8 the fomi and
contcnt of accounts sel out in the Charities (Accounts and Reports) Regulalions 2008 other than any
requircment that the accounts give d 'true and fai￿ viciv which is not a matter considered as part ol- an
indepcndent examination.
I have no concerns and havc come across no other matters in Lonnection with the examination to which attcnlion
should be drawn in this report in ordcr Ic) enable a piY)per understanding of ihe accounts Lo be reached.
Shane Tharby
Independeni Examiner
For and on behaifof
Streets Chartered Accountant5
3 Wellbrook Court
Girton
Cambridge
CB3 ONA

The National Association for Managers of Student Services
Statement of Finaneiil Activities
Year ended 31 August 2024
Z024
Restrictcd
funds
2023
Unrestricted
funds
Tot81 funds
Total funds
Note
Income and endowments
Charitsblc aLtivities
Investment income
171,288
7.103
171,288
7,103
164,434
4.017
Total Income
178.391
178,391
168,451
ExpeTJditure
Expenditure on charitable activities
Total expenditure
164,966
5,750
170,716
143.878
164,966
5,750
170,7I6
143,878
Net Income And net movement in tsDds
13.425
(5.750)
7,675
24,573
Reeonclliation of funds
I'otal funds brought forward
Total funds earrled forward
160,772
20,441
181,213
156,640
181,213
174.197
14.691
188,888
The siatemenl of financial activitics includes all g8ins and losses recognised in the ycar.
All income and expenditure derive from continuing activilic5.
The Dotes on pige5 7 to 13 form part of these finaneiAI stat¢ment5.

The National Association for Managers of Student Services
St&tement of Fingneial P08ition
31 August 2024
2024
2023
Note
Flxed asset5
tntangible assets
12
8,550
Current ass¢ts
Debtors
Investments
Cash at bank and in hand
13
14
5,071
159,495
26038
190,91M
9.476
131,384
33,723
174,583
Credltors: amounls falling due wlthl
one year
15
2,016
1.920
Net ¢urrent al￿ts
188W8
172,663
Total assets less ¢vrrent ]fiabllities
188,888
181,213.
Net Assets
188,888
181,213
Fund8 of the ¢hArlty
Re8tricted fAmds
Unrestrictcd funds
14,691
174,197
20,441
160,772
181,213
Total charity funds
16
188088
Tbese financial slalements were approved by the board of trustee8 and authori5ed for issue on ..
aud are si
on beh￿f of the board by:
L Humphrie8
Trust¢¢
The note5 OD page5 7 to 13 form part of tkne￿ finan¢l&l stgtements.

The Iyational Association for Managers of Student Services
Notes to the Financial StAtement5
Year ended 31 August 2024
Gener21 Informatio
The charity is a registered charity in England and Wales and is unincorporated. The address of the
princip&l office 18 40 Butcher Drive, Godmanchester. Hunlingdon, PE29 9PS.
The charity is a public benefit entity as defined by FRS 102.
Stgttment of compliAnce
These tinancial statement5 have been prepared in compliance wilh FRS 102, 'The Financial Reporting
Standard applicable in the UK and the Republic of Ircland,, the Statement of Rccommendcd Praclice
applicable lo chariti¢s preparing their accounts in a¢¢ordancc with the Financial Reporiing Standard
applicable in the UK and Republic uf ireland (FRS 102) (Charities SORP {FRS 102)) and the Ch&rilies Act
2011.
Aetountillg polleles
Bgsls of preparatlon
The finRncial ststcmcnts h&ve been prcpared on the historical ¢osL ba81S.
Thc financial statemcnts are prcparcd in sterling, which i.s the functional currency ofthc entity.
Golng concern
Therc are no matci'ial uncert&inties about the Lharily's Ability to conlinuc.
Disclosure exemptlons
'rhc charity qualifies a.s small a5 defincd by the Charities SORP (FRS 102). As such. no cash flow
slatement has bcen prcsenled.
Judgements and key sources of estlmatlon uncertglnty
The preparation of the financial slatements requires managcm¢n¢ lo make judgcments, estimates and
a&8umptions thut &ffect the amounts reported. These estimates and judgemcnls are continually revi¢w¢d
and arc bascd on cxperience and other factors, including ¢xpectations of future evcnls that are bclievcd to
be rcasonable under thc circum8ldnces.
There are no significant jud8emenls or estimations made on the amounts recugnised in the financial
slatements.
Fund accounting
Unrestrictsd funds can be used in accordance with the charitable obje¢tive at the discretion of the
Executive Committee.
Restricted fund3 can only be used for particular restricted purposes within the objects of the charity-
Restrictions arise when specified by the donor or when funds are raised for pwticular restricted purposes.

The National Association for Managers of Student Services
Notes to the Financial Statements {eolllinued)
Year ended 31 August 2024
Accounting polieies fcoNilnMe4)
Ineomlng resources
Grants receivable and Government thnding are credited to the Statement of Financial Activities in the
period to the extent that the charity has provided the setvices and goods. A liability for any repaymcnt is
recogniscd when there ig uncertainty as to whether the cliarity can meet condition5 Within its control.
All incoming resources from subscriptions and conferences arc included in the Statement of Financial
Activities whcn the charity is legally entitled to ihc income and the amount can be quantified with
reasonable accuracy.
Resources expended
ExpcndiLure is accountcd for on an accrnals basis and has becn classified under hcadings thal &ggregatc all
costs related to the c&te80ry. Resources expcnded include attributable V A T which cannoi be rccovercd.
Charitsble expenditure includes all cxpenditure directly related to the objectiVC5 Qf the charity.
Expenditure on 8ovcrnance Losts includc5 all cxpenditure relating to the constitutional and statutory
requircments of the charity and includes any costs associated with the strategic management of thc
charity's activities.
Intanglble gssets
Intangiblc assets arc initially recordcd al c05l. and are subsequcntly stated at cost Ics5 any accumulated
8mortisation and impairrnent losses.
Amortisatlon
Amoriisation is calculated so as tu write otl the c05t ol. an ￿e(, Ic5s its estimatcd residual value. over the
useful lire of that asset as follows..
Website
330h straight line
If there is an indicotion that there h&s been a significanl Lhange in amortisation rate, useful lifc or rcsidual
value oran intangiblc asset. the amortiS4tion is revised prospectively to reflect the n¢w estimatC5.
Investments
Current assct investment5 we short term cash deposits held for investm¢nt rather than to meet short-tenn
¢8sh commitments as they fall due.

The National Association for Managers of Student Services
Notes to the Flnancial Statements {toAtixMed)
Year ended 31 August 2024
Charitgble activities
Unrestricted Total Funds
Funds
2024
Unrestricted Total Funds
Funds
2023
Subscriptions
Annual conference
Regional events
Other income
83,825
76,233
11.230
83,825
76,233
11,230
82.080
67,434
9,790
5,130
82,080
67.434
9,790
5,130
171,288
171,288
164,434
164,434
Investment Income
Unrestricted Total Funds
Funds
2024
Unrestricted Total Funds
Funds
2023
Interest R￿civ#ble
7,103
7.loj
4,017
4,017
Expendlture on chArlt¥ble activitles by fund type
Unre5trictcd
Funds
Restricted Totgl Fundj
Funds
2024
Membcr5hip scrvices
Annual Lonferencc
Pr()jects
Suppori costs
61,668
71,230
2,000
30.U68
5,750
67,418
71,230
2,000
30,068
164.966
5,750
170,716
Unrcstrictcd
Funds
Restrickd Tothl Funds
Funds
2023
Membership services
Annual conference
Projects
Support costs
58.092
63,459
1,233
19,094
2,000
60.092
63,459
1,233
19.094
141.878
2,000
143,878

The National Association for Managers of Student Services
Notes to the Flnancial Statements fc¢nilAuÉ&)
Year ended 31 August 2024
Expenditure on charitable activities by type (coMllmMedJ
Further analysis of cost5:.
Membcrshi
2024
2023
Administrator
Amortisation
Printing, Postage & stationery
Website
Marketing
Regional Events
AOC conlerenre
Research consultation and professional fccs
InsuranLe
Other / Contingency
Bank charges
27,720
8,550
629
9,101
368
7,448
787
6,000
477
4,566
1,772
23,939
11.400
480
7,436
169
8.162
2.216
2.000
269
2,763
1,258
67,418
60.092
Annual conference
2024
2023
Hotel A¢commod&tion
Speakers and wurkshop leadcrs - Fees and travel cxpcnses
Other costs
52,820
300
18,110
53.235
1,627
8,598
63,460
71.230
1024
2023
ProjeL't expenses - unrestrictcd
2,01)0
1,233
rleo
2024
2023
Independent examination
F.xecutive meeting cxpenses
External mecting5
2,016
27,822
230
1,896
17.028
170
30,068
19,094
Expendlture on eharitAble actlvl¢i¢s by Activity type
Activities
undertaken
dircctly Suppori costs
TotAI funds
2024
Total funds
2023
Membcrship services
Annual conference
Projects
Govffljance costs
67.418
71,230
2,000
67,418
71,230
2,000
30,068
60.092
63.459
1.233
19.094
30,068
140.648
30,068
170,716
143,878
io-

The National Association for Managers of Student Services
Note5 to the Financial Statements (tonlittued)
Year ended 31 August 2024
Net income
Net income is stated after chargingl(crediting):
2024
2023
Amortisation of intangible &ssets
8,550
11,400
Ind¢p¢ndent exAminatlon ftts
2024
2023
Fees payable to the independcnt examiner for:
Independent examination of the financial statements
2,016
1.896
10. Staff ¢o$ts
The avcrage head count of employees during thc year was Nil (2023: Nil).
No salai'ies or wages have been paid to employees, including the mcmbers ol. thc committee, during the
year.
I l. Trustee remuner8tion and expenses
Eleven (2023: Eleven) members of the Executive Committce werc reimbursed a totsl or £6,060 (2023:
£5,519) for travelling expenses.
12. Intanglble assets
Website costs
Cost
At I September 2023 And 31 August 2024
AmortiSXtlon
Ai I Sq)tember 2023
Charge for the ycar
At 31 August 2024
Carrylng Amount
At 31 August 2024
At 31 Au8USt 2023
34,200
25,650
8￿50
34,2110
8,550
13. Debtors
2024
2023
Prewdyments and accrued income
5,071
9,476
li

The National Association for Managers of Student Services
Note5 to tbt Financial Statements (comlinmed).
Year ended 31 AuEu5t 2024
14. Investments
2024
2023
Short-tem cash deposits - Cambridge & Counties
Short-lerm Lash dep05its- I ISBC
109,995
49,500
81.884
49,500
159,495
131,384
IS. Credltors: amounts falllng due within one year
2024
2023
Accruals and dcferred income
2,016
,920
16. ADalysts of charitable funds
Unrestrleted funds
4t I September
2023
At 31 Au£ust
2024
Income
Expenditure
Gcneral futid5
160,772
178,391
{164,966)
174,197
4t I Septcmber
2022
At 31 August
2023
Income
Expendicure
General funds
134,199
168,451
(141,878)
160,772
Restrleted funds
41 I September
2023
At 31 August
2024
Incomc
Expenditure
Voting project
20,441
(5,750)
14,691
4t I September
2022
At 31 August
2023
Incomc
Expenditure
Voting project
22,441
(2.000)
20.441
12-

The National Association for Managers of Student Se￿Ices
Notes to the Financial Stgterntnts fconlimued)
Year ended 31 August 2024
16. Analy51s of charitable funds feoRliMued)
In Marth 20I5 the charity accepted a Sum of £60,000 from thc Government to support their wlicy to
inLrease the democratic enga8crnent and elecioral registration of the groups targct¢d by this project. The
money 15 used for thc activities based around th¢se outcome5: to provide direct support on voter
registration to students through confer¢nces and enrichment SC5sions, as well as run voter registration
cvents through further education student unions: to look to intcgrate voter registration communications into
student servicc information across FE colleges. with targeted messaging at various student scrvices points
i.e. cnrolmenl and student induction sessions- and to launch this activity to membcrs at the annual
conference. The tThstees intend spending the residual fund5 from this project grani on &ssociatedlrclated
activity over the ncxt few years.
17. AnAlysis of net assets betw¢en funds
Unrestricled
Funds
Restricted Total Funds
unds
2024
Intangible assets
Current assets
Crcditors less than l ycar
176,213
(2.016)
174,197
14,691
190,904
(2,016)
Net assets
14,691
188,888
Unrestricted
Funds
Restrithd Total Funds
Funds
2023
Intangible assets
Current assets
Crcditors less than l year
Net Assets
8,550
154,142
( 1.920)
8,550
174,583
(1,920)
181.213
20,441
160.772
20,441
13-