**Charity registration number 1080062**
## **ST ALDATE'S PAROCHIAL CHARITY**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 7 DECEMBER 2024**
## **ST ALDATE'S PAROCHIAL CHARITY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|S Tuck|
|---|---|
||R Hunter|
||N Waite|
||S Foster|
||J Mitchell|
||N Wilton|
|**Charity number**|1080062|
|**Independent examiner**|Chapman Worth Limited|
||2 The Old Estate Yard|
||High Street|
||East Hendred|
||Wantage|
||Oxfordshire|
||OX12 8JY|
|**Solicitors**|HMG Law LLP|
||126 High Street|
||Oxford|
||OX1 4DG|
|**Investment advisors**|Walker Crips Investment Management Limited|
||Old Change House|
||128 Queen Victoria Street|
||London|
||EC4V 4BJ|
## **ST ALDATE'S PAROCHIAL CHARITY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Statement of financial position|5|
|Notes to the financial statements|6 - 14|
## **ST ALDATE'S PAROCHIAL CHARITY**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
The trustees present their report and accounts for the year ended 7 December 2024.
The accounts have been prepared in accordance with the accounting policies set out in note one to the accounts and comply with the Charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019).
## **Objectives and activities**
The charity's objectives are to provide assistances to the beneficiaries in the City of Oxford who are in condition of need hardship or distress, and to contribute to the maintenance of the fabric and of the services in St Aldate's Church.
These objects are met using income generated from a balanced portfolio of investments in property, equities and other funds.
The Trustees continue to pay due regard to guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The quadrennial rent review was carried out and became effective March 25th 2024. This resulted in an approximate increase of 16% in accommodation rents but no change in retail rentals. This income increase, coupled with the return on other investments, ensured that our overall grant allocations could be maintained at 2023 levels despite rising costs.
A quinquennial inspection was carried out in early 2023 and a 5 year phased programme of repairs was defined to address the items identified at an estimated annual cost of £50,000.
## **Financial review**
The trustees have made grants as set out on page 10 of the report amounting to £250,000 (2023 - £250,000). In addition pensions of £146 per month have been paid to needy people in the parish totalling £3,704 - (2023 - £4,627).
To enable the Trustees to make these grants, the properties 1-11 Pembroke Street and 94 St Aldate's Oxford are carefully managed to provide what the trustees are satisfied is the optimum return on the Trust funds. Whilst the properties are held as long term investments properties, the Trustees also seek to ensure the best use of those properties in line with the aims of the Charity.
Reserves are held at a level necessary for the Charity to continue to meet its current needs. The property is held as an investment which produces rental income, which together with income from the investment portfolio produces income applied to charitable objectives. An amount of only £28,616 (2023 - £140,9825) is freely available. The investments have been made within normal trustees powers governing a trust of this nature.
The stated market value of the freehold property is based on an open market valuation carried out by Savills on 31 March 2020. The valuation concluded that the property has a value of £3,900,000.
The trustees remain confident in the ability of the charity to continue as a going concern. A key element of the charity's income is room rental from the properties owned on Pembrooke Street, and the rental market and room occupancy in central Oxford is beginning to return to pre-Covid levels.
- 1 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **Structure, governance and management**
The Charity was established by a charitable trust deed at the beginning of the twentieth century.
The trustees who served during the year and up to the date of signature of the financial statements were:
Rev S. Foster Chairman and ex officio Trustee J. Mitchell Ex officio Trustee R. Hunter Co-opted Trustee Revd S. Tuck Co-opted Trustee Councillor N. Waite nominated by Oxford City Council N. Wilton Ex officio Trustee
The trustees are responsible for the overall management and control of the charity. The board of trustees meets a minimum of two times a year.
The responsibility for the day to day running of the charity is delegated to the Clerk.
The trustees' report was approved by the Board of Trustees.
..............................
Trustee Dated: .........................
- 2 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ST ALDATE'S PAROCHIAL CHARITY**
I report to the trustees on my examination of the financial statements of St Aldate's Parochial Charity (the Charity) for the year ended 7 December 2024.
## **Responsibilities and basis of report**
As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no 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 the Charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable 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 financial statements to be reached.
Anna Chapman FCA Chapman Worth Limited
2 The Old Estate Yard High Street East Hendred Wantage Oxfordshire OX12 8JY
Dated: .........................
- 3 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
|**Unrestricted Designated**
**funds**
**funds**
**general**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Charitable activities
**2**
-
327,827
Investments
**3**
-
15,332
**Total income**
-
343,159
Charitable activities
**4**
-
350,679
Net gains/(losses) on
investments
**9**
15,499
-
**Net expenditure**
-
(7,520)
Transfers between
funds
(7,520)
7,520
**Net movement in**
**funds**
7,979
-
**Reconciliation of funds:**
Fund balances at 8 December
2023
2,052,725
250,000
**Fund balances at 7 December**
**2024**
2,060,704
250,000|**Total**
**Unrestricted Designated**
**funds**
**funds**
**general**
**2024**
**2023**
**2023**
**£**
**£**
**£**
327,827
-
347,309
15,332
-
12,349
343,159
-
359,658
350,679
-
363,092
15,499
(25,303)
-
(7,520)
-
(3,434)
-
(3,434)
3,434
7,979
(3,434)
-
2,302,725
2,081,462
250,000
2,310,704
2,052,725
250,000|**Total**
**2023**
**£**
347,309
12,349
359,658
363,092
(25,303)
(3,434)
-
(3,434)
2,331,462
2,302,725|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 7 DECEMBER 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
Investments
**12**
**Current assets**
Investments
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds -
General unrestricted funds|**2024**
**£**
**£**
1,850,000
432,088
2,282,088
18,773
54,423
73,196
(44,580)
28,616
2,310,704
250,000
2,060,704
2,310,704|**2023**
**£**
**£**
1,850,000
311,900
2,161,900
47,540
140,433
187,973
(47,148)
140,825
2,302,725
250,000
2,081,462
2,302,725|**2023**
**£**
**£**
1,850,000
311,900
2,161,900
47,540
140,433
187,973
(47,148)
140,825
2,302,725
250,000
2,081,462
2,302,725|
|---|---|---|---|
||||2,161,900
140,825|
||||2,302,725|
||||250,000
2,081,462|
||||2,302,725|
The financial statements were approved by the Trustees on .........................
..............................
## **Trustee**
- 5 -
**ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
St Aldate's Parochial Charity is a an unincorporated charity registered with the Charity Commission for England and Wales.
## **1.1 Accounting convention**
The accounts have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to do so.
Charitable activities include expenditure associated with meeting its charitable objectives. This includes the cost of grant making, and direct provision of charitable services.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings
0% straight line / no depreciation on land
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 7 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
## **2 Charitable activities**
|Provision for the poor and needy people residing in or about the ancient parish
of St Aldate.
Other income|**2024**
**£**
327,367
460
327,827|**2023**
**£**
347,159
150|
|---|---|---|
|||347,309|
## **Charitable trading income**
Incoming resources comprise rent receivable on 1 to 4 & 9 Pembroke Street of £144,398 (2023 - £149,598), rent receivable on 5 to 8 & 11 Pembroke Street of £172,813 (2023 - £187,920) and insurance reimbursed from tenants of £10,154 (2023 - £9,641).
- 8 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **3 Investments**
|Income from listed investments
Interest receivable|**2024**
**£**
5,639
9,693
15,332|**2023**
**£**
6,262
6,087|
|---|---|---|
|||12,349|
## **4 Charitable activities**
|Provision of relief (see note 5)
Grant funding (see note 6)
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestriced funds - designated|**2024**
**£**
88,990
250,000
9,469
2,220
350,679
350,679
350,679|**2023**
**£**
101,450
250,000
9,494
2,148|
|---|---|---|
|||363,092|
|||363,092|
|||363,092|
## **5 Activities undertaken directly**
## Provision of relief
Provision of relief for the poor and needy people residing in or about the ancient Parish of St Aldate.
The costs represent quinquennial Inspection £14,710 (2023 - £22,258), repairs £48,253 (2023 - £54,579), insurance £10,623 (2023 - £10,386), pensions £3,704 (2023 - £4,627), review of market rents £2,100 (2023 - £0) and facilities management fees £9,600 (2023 - £9,600).
- 9 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **6 Grants payable**
|Grants to institutions:
ACT! including Ministry to ex offenders
Archway
Donnington Doorstep
Emmaus Trust
Gatehouse
Grandpont Children's Centre
Mental Health Monitoring Project (St Aldates)
Oxford Churches Debt Centre
Oxford Sexual Abuse & Rape Crisis Centre
Oxford Street Pastors
Rainbow House
Rector's Discretionary Fund (St Aldates)
Rosehill & Donnington Advice Centre
School of Ministry Bursaries
Support for Youth Events
St Ebbe's School
St Luke's Church
St Matthews PCC
Tandem
Viva
Church Branch- maintain Fabric of St Aldate's|**2024**
**£**
42,000
5,000
5,000
1,000
3,500
1,500
15,000
11,000
2,000
3,500
-
10,000
2,000
5,000
5,000
1,500
5,000
3,000
1,000
3,000
125,000
250,000|**2023**
**£**
41,000
5,000
5,000
1,000
3,000
1,500
15,000
10,000
2,000
3,500
500
10,000
2,000
6,000
6,000
1,500
5,000
3,000
1,000
3,000
125,000|
|---|---|---|
|||250,000|
- 10 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Clerk's salary
6,600
-
Bank charges
105
-
Stockbroker's portfolio
administration charge
2,651
-
Office expenses
113
-
Accountant fees
-
2,220
9,469
2,220
Analysed between
Charitable activities
9,469
2,220|**2024**
**£**
6,600
105
2,651
113
2,220
11,689
11,689|**2023**
**£**
6,600
125
2,731
38
2,148 .
11,642
11,642|
|---|---|---|
Governance costs represent independent examination fees.
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or reimbursed expenses during the year.
## **9 Net gains/(losses) on investments**
||**Unrestricted**|**Total**|
|---|---|---|
||**funds**||
||**general**||
||**2024**|**2023**|
||**£**|**£**|
|Revaluation of investments|15,499|(25,303)|
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 11 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **11 Tangible fixed assets**
|**Cost or valuation**
At 8 December 2023
At 7 December 2024
**Carrying amount**
At 7 December 2024
At 7 December 2023|**Land and**
**buildings**
**£**
1,850,000
1,850,000
1,850,000
1,850,000|
|---|---|
Land and buildings are included in the accounts at cost. The properties were valued by Savills on the 31 March 2020 and concluded to have a market value of £3,900,000. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.
## **12 Fixed asset investments**
||**Listed**|
|---|---|
||**investments**|
||**£**|
|**Cost or valuation**||
|At 8 December 2023|311,900|
|Additions|51,419|
|Valuation changes|15,499|
|Transfers|70,000|
|Disposals|(16,730)|
|At 7 December 2024|432,088|
|**Carrying amount**||
|At 07 December 2024|432,088|
|At 07 December 2023|311,900|
- 12 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
## **13 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Accruals and deferred income|44,580|47,148|
## **14 Unrestricted & Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|**At 8**
**December**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
Church branch
fund
125,000
171,579
(175,339)
Remaining
charities fund
125,000
171,579
(175,339)
Unrestricted
Funds
2,052,725
-
2,302,725
343,159
(350,679)
**Previous year:**
**At 8**
**December**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
Church branch
fund
125,000
179,829
(181,546)
Remaining
charities fund
125,000
179,829
(181,546)
Unrestricted
Funds
2,081,462
-
2,331,462
359,658
(363,092)|**Transfers**
**Gains and**
**losses**
**At 7**
**December**
**2024**
**£**
**£**
**£**
3,760
125,000
3,760
-
125,000
(7,520)
15,499
2,060,704
-
15,499
2,310,704
**Transfers**
**Gains and**
**losses**
**At 7**
**December**
**2023**
**£**
**£**
**£**
1,717
125,000
1,717
-
125,000
(3,434)
(25,303)
2,052,725
-
(25,303)
2,302,725|**Transfers**
**Gains and**
**losses**
**At 7**
**December**
**2024**
**£**
**£**
**£**
3,760
125,000
3,760
-
125,000
(7,520)
15,499
2,060,704
-
15,499
2,310,704
**Transfers**
**Gains and**
**losses**
**At 7**
**December**
**2023**
**£**
**£**
**£**
1,717
125,000
1,717
-
125,000
(3,434)
(25,303)
2,052,725
-
(25,303)
2,302,725|
|---|---|---|
|||2,302,725|
The Church Branch Fund income is handed to St Aldate's Parochial Church Council which is entrusted with its use in the maintenance of the fabric of the church and its services.
The remaining Charities Fund income is used to pay pensions and to make grants to other organisations in order to alleviate conditions of need, hardship or distress.
- 13 -
## **ST ALDATE'S PAROCHIAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 DECEMBER 2024**_
|**15**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**2024**
**2024**
**£**
**£**
Fund balances at 7
December 2024 are
represented by:
Tangible assets
1,850,000
-
Investments
432,088
-
Current assets/(liabilities)
(221,384)
250,000
2,060,704
250,000|**Total**
Unrestricted
funds
Designated
funds
**2024**
2023
2023
**£**
£
£
1,850,000
1,850,000
-
432,088
311,900
-
28,616
(109,175)
250,000
2,310,704
2,052,725
250,000|Total
2023
£
1,850,000
311,900
140,825|
|---|---|---|
|||2,302,725|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 14 -