COMPANY REGISTRATION NUMBER: 04839002 CHARITY RECilSTRATION NUMBER: 1102954 Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Report of the Trustees and Financi,al Statements for the Year Ended 31 March 2024 BRUCE ROBERTS & CO LIMITED Chartered Accountants and Business Advisors Unit 10, Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT
Dynamlc Centre For Children And Young People With Disabllities Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees. annual report (incorporaling the directorfs report) Independent examinerfs report to Ihe trustees 11 Statement of financial activities (including income and expenditure account) 13 Statement of financial position 14 Notes to the financial statements 15
Dynamlc Centre For Children And Young People With Disabilities Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) Year ended 31 March 2024 The trustees. who are also the directors lor Ihe purposes of company law. presenl their report and the unaudiled financial slatements ol the charity for the year ended 31 March 2024. Reference and admlnlstratlve delalls Reglsterod charlty name Dynamic Centre For Children And Young People With Disabilities Charlty reglstrallon number 1102954 Company roglstratlon number 04839002 Prlnclpal offlce and reglstered Bradbury House offlco 23 Salisbury Road Wrexham LL13 7AS The trustees Dr G J Arthurs H S Edwards S J Evans RAFogg M L Gregory M E Hooper Dr C Moore R H Prilchard G Williams R S Wllliams (Resigned 27 October 2023) (Resigned 27 October 2023) Company sletsry L E Williams Independent examlner Bruce Roberts FCA Unit l O. Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7Yr Slructure, governance and management Inlroductlon Dynamic Centre for Children and Young People with Disabilities. a charity and company limited by guarantee, slarted operating in April 2004 when all of the assets ol Dynamic. an exisllng charity were donated to the new company. The obj'ective ol the company is the support of children, young people with special needs and their Carers.
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) (Gonllnu6d) Year ended 31 March 2024 Slru¢ture. governance and managemenl (¢onllnwl) Recrullmenl and Appolntment to the Board of Trust8e8 Under the requirements of the Artlcles ol Assoclation, unless otherwise determlned by ordlnary resolution. the number of directors and thus twstees shall not be less than three and no more than eleven. Trustees are subject to retirement by rotation according to the terms dictated by the Articles. If a trustee is willing to be re-appointed, and no alternative has been put forward, the trustee is deemed to be re-appointed unless the meetlng decides not to flll the vacancy or unless a resolution to to r8.appoinl the trustee is lost. Recruitment Is normally achieved via the media of advertising, word ol mouth and local volunteer bureau or oth8r national ag8nci8s such as REACH. R8cruitment of new trust88s is prompted by the retlremant or removal of existing truslees, or the perceived need to strengthen the board In part5cular areas of experience. Proposed truslees must be recommended by the existing trustees, and approprlate notice musl have been given (clause 32 of th8 artlcles). Trustees must be 18 years of age or above. Trustees may rthire or be r8mov8d subject to the condltlons ot clause 38 of the Articles. Tru8ts8 Inductlon and Tralnlng Upon appointment to the board, each new trusiee Is provlded wlth an irKluction, information and tralning fi18 which Includes Informallon on thelr responslbllltles as a trustee and director of the Company. Each new trustee is expected to familiarise themselves viith this information and the alms and oblectlves of the charfty, and seek guidance on areas with whlch they requlre addillonal advic8 or clarificaiion. Trustees are encouraged to take advantage of tralnlng vla AVOW (Association of Voluntary Organlsatlons In Wrexham) and WCVA. The trustees are advised of new guldance from the Charlty Commlsslon and other sources. Rlsk Management The trustees have established a rfsk examlnation policy whlGh looks at the malor strategic, buslness and operational risks which the charity fac8s and 8nsur8 that systems have been establlshed to mitigate the Gharity's exposure lo the major risks. The trustees urKlertake to regularly consider the major risks applicable to the charity and review during the year if deamgd necessary. They also undertake to d8clde how to respond to the rlsks In order to mItale the eftect of such risks. Int8rnal control risks (inGluding Ihe risk of fraud) hav8 been minimised by the rigorous adherenGe to the financial control measures In place. The Irustees are satisfled wlth the current procedures in place. Durlng the year no incident involving Health and Safety has occurred that required reportlng to a ststutory agency.
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2024 Structure. governance and management (conthN Organlsatlon Dynamic Centre for Children and Young People with Disabiltti8s is governed by a Commlttee of Irustees, who are appointed tsnder the temis ol the Articles of Association. The trustees who served on the committee are as follows: Graham Arthurs Helen Edwards Simon Evans Glyn Williams Melanie Hooper Christine Moore Rhian Prilchard Rosalind Willbams The Chair and the Honorary Treasurer are drawn from the committee. They are appointed under the temis of the Articles ol Association and are not subjecl to retirement by rotalion. The nominated Officers who served In the year were as follows: Chair: Deputy Chalr: Gtyn Williams Melanie H¢)oper Day-to4ay management is prOded by a fulktlme charfty manaoer, who Is de*nated Company Secretary, and a Deputy Manager along with a dadicated staff team. The staff employed in the year w8r8: Laura Williams Amy Lynch Andrew Hughes Clare Barnes Danielle Davis Kira Williams Marie Gfoson Paul Clifton Samuel Jones Saul Darlington &an Williams Charity Manager Deputy Charity Manager Project Developmeni Corfxdinaier (Temporary) (EDD 31112123) Tralnlng and Development Fadlltalor IEDD 3010812023) Administration Officer Family Support Officef Liaison Officer Project Development Worker Project Development Wother Projecl Developmenl Worker (EDD 3019123) Finance Officer (EDD 2910912023) The sessional staff employed for funded 'Dynamically Nerenf services were: Amy Pritchard Andrea Lloyd Anne-marie Roberts Ash Shiel (EDD 0210812023) Bethan Griffilhs Biba 8aksh-Jones Catharine Byme Claire Griffiths Danielle Davies Elena Bateman (EDD 3010612023) Emma Jones Emily Simister Eve Czerniak (EDD 0310512023) Helen Gibson (EDD 3110PJ2023) Jad(ie Jones Jade Richards Jeanette Jones Julie While Laurie Thomas-Brunl Marie Edwards Matthew Gibson (EDD 1W0812023) Rhian Pumford (EDD 31 IOW2023) Russell Thomas Saul Darlingion {EDD 1311212023) Sian Griff Fths Stephen Williams (EDD 3110PJ2023) T8rri Pumford 'EDD - EMplOent End Date
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {eontlnueaTJ Year ended 31 March 2024 Oblectlves and actlvltles The charity's objects are the relief and support of ill or disabled children by the provision of educational, recreational and leisure lime activities in order that they may develop to their full potential, that they may grow to lull maturity as individuals and members of society and that their conditions of life may be improved, and to provide support to the families of such children and young people. Publ1¢ Boneflt The Trustees have reviewed the requirement lo provide public benefit and are salisfied that the activities of the charity as described within the report are wholly focussed to provid8 benefit to the children and young people and Ihelr familles that it aims to serve, thereby complying with the duty In section 4 of the Charities Act 2006 to have regard to the guidance provided by the Charity Commission. Revlew ol developments, acllvltles, achlevemenls and performance The prlmary locus of the charlty contlnues to be ihe programme oi iemi-llme lunior and senior actSvlty groups for chlldren and young people with disabilities that meet after-school and during the Easter and summer holiday. These a¢tlvSty groups also afford familles an element of rgsprte, l)ut thls Is not thelr primary aim. In addition io the core servlces, the charSty fa¢llltated a numb9r of new servlces for 2023124: Advocacy Participalion Activity support worker seNice Family aclivilies Nurture groups and PX2 programrne for young people with dSsabllStles Informal parenvcarer dropins STEPS programme for parentslcarers of Chlldren wlth addi1Sonal needsldisabilitles Signlng Sensatlons Signlng cholr Dynamic Friends activity groups Friday activity groups The charlty has ntInUed to be 'Dynamlcally Dlfferent, and has contlnued to meet all of the contractual requirements for FamllSes First contracts. The charity has also continued to use social media platlorms to h81p the charity grow and reach and support as many farnilies as possible utilislng the elhos of the STEPSIPX2 programmes. This is well received with the charity seeing engagement using cross plattorms. The chaty has continued to expand the range of wellbeing and social opportunities offered to parents and carers in addillon to regular drop.ln sessions. It Is true to say that POSI-COVIO, it is more difficull for charities to fundraise but as a charity we were fortunate to continue lo enjoy support Irom individuals, families, the local community and businesses along with new soclal medla fundralslng campalgns. The charity is particularly grateful for donations received in memory of loved ones. Spe¢ifi¢ local and community events ihroughout 2023124 created opportunities that not only raised the profile of the charity but also allowed the charity to raSse funds in new and fun ways.
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (nnued} Year ended 31 March 2024 Dynamic are also gralelul for local business and community spaces continuing to host charity collection boxes. The charity have continued to maintain and developed essential communication links and slrengthened our working r81ationships with funders and commissioners along with colleagues in statutory support services including Wrexham County Borough Council's Disability Service, Families First Team and the Family Information Service, to ensure we continue to together to ensure the best for Ihe families we support. We have also maintained and developed new friendships wlhin the Third seclor as we have shared ideas, resources and support amongst each other when things have been difficult, and we have benefitted from being part of AVOW - Wrexham's County Voluntary Council and WCVA for national guidance and support. Regarding future developmenls: We conlinue to look for a suilable site to expand into. Consultalion Dynamic are regularty asked to contribute to local authorty, WeL8h Govemment and national consultations, and children, young people and parentslcarers are supported with this and regularly ontribute. The charity has also b8nefited from a Participalion Project to develop a children and young people with disabilities forum so that their voices can influence local, regional and hopefully national decision making processes. The level of disability is rising and the challenges facing children and young people is changing, therefore it is vital we are flexible and responsive to ensure the service meets the current and changing needs into the future. Partnershlps: We contlnue to work closely wlth Wrexham County Borough Councll Chlldren's Servlces, the Dlsabllty Servlces, the Famlly First team, Health Servlces and other Third sector organisations to provide lh8 best service we can to children and young people with disabilities and their families. Dynamic has held a seats on the voluntary sector seat on the Local Aulhorlty Workforce Developmenl Group* Translllon Operat5onal Group (TOG), Dlsablllty Integraled Servlces Coordlnatlon Group, tha Families First Outcome Groups (Wrexham). Dlsablllty Resplte Panel and the North East Wales Wellb•lng forum Dynamic has representation on a variety of forums working with children and young people and dlsability Wlthin the Third and statutory sectors, and attends appropriate conferences, Consultations and information days. Nallonal Level Partlclpatlon: Dynamlc attends approprlate confer&nces and meetings organised on a national levd. Welsh Assembly Government: Dynamic has kept up to date with Welsh legislation via AVOW, WCVA and Welsh Govemment publications.
Dynamlc Centre For Children And Young People With Dlsabilities Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (¢ontthu•d) Year ended 31 March 2024 Voluntsers: Dynamic have benefitted from many new volunteers along with regular longstanding volunteers but the charity is still yet to recover lo pre-pandemic levels of regular volunteering. The social. economic value of volunteers to the charity cannot be underestimated and the chayiiy has been focusing efforts on the recruitment and retents'on of volunteers arKI the development of new volunteering opportunities. Tru8tee8: The Board of Trustees met regularly virtually or lace-to-face throughoul the year for full board meetings and in small groups for SucomMittee$. The Trustees have worked hard with Ihe Charity Manager and the staff and volunteer team to ensure Ihal the needs of those we serve are met rt just by our ojttent services but ara also paramount in the future plans. Dynamlc has contlnued to search lor the plot or tIldIng that wlll enable the charty to worff, develop and grow Irom a more suitable premises. Staff: In addltlon to th8 Staff team, Dynamic employs arvoxlmately 26 sesslonal support workers. Fundral•lng: Many people work together in support of Dynamic. IrKIivKluals. families, soclal media lundraising campaigns, the local communty and l)usine&ses have SI1 lundraised independently for our cause, for which we are very grateful. Bradbury House is a grade11 listed building, which we have restored and carefully adapted lor use by children and young people with disabilities. The house is well loved and well used by our chlldren and young people. The gardens, includirwJ serw and play areas are always an attraction. Development for the future: For all ol the above, the Truslees and management have continued to look for mor8 appropriatellarger accommodation for the Charity. We we still 'bursllng at the seams. and In order to provide our greatly valued service lo more children and young people, arKI to meet their ever<hanging needs, we need more Suitab space in which io develop. The Trustees have sei aside Designaied Reserves for this pur[ (see Reserves Policy) below, and have agreed to maintain this Reserve at £114,000, although it is intended lo increase this as appropriate.
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) (Mnllnu6d) Year ended 31 March 2024 Flnanclal revlew The financial statements for 2023-24 show a deficAt of £44.911 on 'Unrestricted Funds. against a deficit for 2022-23 of £8.114. The charity's voluntary income for 2023-24 was £49,700 (inc £3,178 reStted) compared to £47.774 in 2022-23. The 2023-24 figure includes £25.500 received in legaci85. Other donations increased from £14.182 10 £21,522. Income from other (trading) activities induded £34.935 from parenvcarer charges: £35.786 Irom Direct and third party Fund-raising, and £1,325 Irom sales ol donated goods: a tolal of £72.046. In 2022-23 Ihe equivalent total was £30,576. In the mwn this relates to the increase in direct tharges to parents for services provided. In 2022-23 Dynamic received no government funding. there was again none in 2023-24. Interest on bank deposils arKI bonds was £7,263 compared to £2.469 for 2022-23. Thrs induded the maturation of several deposit accounts. We continue to be grateful for the efforts many indivKluals make to raise funds for the charity. and to local companies and individuals for their support. The Famifies First contracl with the Coun(il for the delNery of weekly GroL4)s a1 the summer and half lerm programmes at Bradbury House, and other activities to support families were delivered and reported on in accordance with the Councifs requirements. This contract has enabled our regular programmes to continue in a planned way. All income from the Council has been used wholty for the delivery of services covered by Ihe contracts. New contracts came into effect from March 2023 and are for a 3 year iniiial period. The grants received in the year, fulty utilised, amounted to £207.286. The charity needs to raise about £180.000 in 2024-25 to coveT its core costs. These costs include the management and organisation of the pyogramme and aclivilies for fund-raising, training, the maintenance of the building and transport and al persne1. legal. health and safety, payroll and financial work. Restricted Fund income was £210.464 (2022-23: £222.631l which reflects the full cessation of payments from the Lottery Fund. Expenditure from the Restricted Funds totalled £222,071 (£307,059). Reslricled lund balances reduced to £7,733 (£19.342). The Unrestricted (including designated) Reserves at 31 March 2024 stood at £573.801 of which £296.421 were in 'liquid' forn. The corresponding figures at 31 March 2023 were £618,709 of which £347.920 were 'liquid'. Fresh initiatives are in hand lo increase the unrestricted income of Ihe charity to enable it to continue to cover its core costs and to pursue development opportunities, whilsl mantaining its reseryes. The purposes for which reserves are held are explained in Ihe 'Reserves polity below. RNANCIAL COPMIOLS The Finance Officer {part-time) manages the day-tcKFay financial aflairs ol the charity and is overseen by the Charity Manager and Vice Chair of Truslees. The Finance Officer, Dewty Charity Manager,
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Liaison Officer and Charity Manager are all responsible for handling petty cash and cheque transactions up to £1.000. Each payment requires two signatures. Purchases and payments in excess of this amount require the signature of a Board member. Transactions are entered inio the Quickbooks accounling software on a weekly basis, and the bank accounts monitored at least veklY and formally reconciled monthly. The Charity Manager produces monthly management accounts (including forecasts for the remainder of the yearl which are prepared from the accounting records within a week of each month-end and are presented lo the bi-monthly meeting of the board under the Chair, or to the intervening meetings of the Finance Committee chaired by the Chair. The Finance Committee is responsible for devising the annual budgets for the agreement of the Board. Periodic contract reports are also produced for Wrexham CounGil. Draft annual accounts are prepared as part of the above procedure, and then reported in the required Final Account format prior lo independent examination and approval by the board. The reserve cash funds are invested notice deposits with the charity's bank8rs and Cambridge and Counties Bank, and the United Trust Ban INVESTMENT POWERS AND RESTRICTIONS Pursuant to Ihe governing document, the company shall have the power, in furtherance of the object of the charity but not otherwise, to raise funds. As part of thls aim, the company seeks to maximise the interest eamed on ils reserves, subject to such conditions and consent as may for the lime being, be imposed or required by law. The charity has continued to Pla funds in low-risk invgstments that are accessible in a reasonably short time so that funds are available to apply to the development of a new centre when an opportunity arises. RESERVES POLICY The trustees have determined a level of unrestrtcted reser4es that is deemed appropriate to effectively meet its objects. The trustees consider that in Ihe absence of any guaranteed long-term support from a grant making body or the Local Authority, the unrestricted current assets should be sufficieni io pay the normal running costs for one year (circa £180,000). This is designed to provide some stability and ensure smooth running of the charity. Reserves are currently over this level and are under review pending possible developments. Reserves over and above those needed for running costs are to be held primarily for future development opportunities and it is the aim of the Irustees to buikl up sufficient funds to provide the initial costs of a building project. In furtherance of this end, the Trustees have set aside funds in a 'designated development fund, within the general reseNes of the charity. This policy is reviewed annually in order to consider whether it remains appropriate. and in line with board level strategy.
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conilnu¢d) Year ended 31 March 2024 Plans for tulure perlods The Trustees and managernent recognise Ihal we are currently 'bursling at the seams.. In order to provide our greatly valued service to more children and young people, and to meet their ever-changing needs, we need more space in which to develop. The Trustees continue to Seek contacts and to explore opportunities with a view to developing a purpose-built centre for the children and young people who attend. and to be able to expand the service to younger children for whom we cannot currently provide adequate facilities. Trusiees Responslbilities We are responsible for ensuring that the company operates wlthln Its objectives and meets the financial and legal requirements of lh8 Companies Acl 2006 and the Charities Act 2011. The trustees, who are also directors for the purposes of company law, are responsible lor preparing the trustee's report and the financial slatements in acGordanGe with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application ol resources, including the income and expenditure, for that period. In preparing those financial slatemenls, Ihe trustees are required to: select suitable accounting policles and then apply them consistently; observe the methods and principles in the Charilies SORP: make judgements and estimates that are reasonable and prudent: slate whether applicable UK accounting standards have been followed, subiect to any materlal departures disclosed and explained in the financial statements: prepare the financial statements on the golng concern basis unless It Is inappropriate to presume that the charity will continue its activities. The Irustees are responsible for keeping proper accounting records whlch disclose with r8asonable accuracy at any time the financial position of Ihe charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Irustees are also responsible for safeguarding Ihe assets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. The Irustees are responsible for ensuring that the company complies wtth laws and regulations applicable to its activities and for establishing arrangements to prevent any non-compliance with laws and regulations and to detect any that occur. This includes the maintenance and integrity of the corporate and financial inlormation included on the charitable company's website. The trustees are also responsible for determining whether, in respect of the year, the charity meels the conditions for exemption from an audit of the accounts set out in the Companies Act 2006 Icommencemenl No 6, Savings and Commencement Nos.3 and 5) (Amendment) Order 2008 (SI 2008.674). Under Ihe Charities Act 2006 (Charitable Companies Audit and Group Accounts Provlslons) Order 2008 (SI 2008.527), in respecl of the year. the availability of the exemption from an audit of the accounts causes the charity to require an Independent Examination and the trustees are r8sponsible for appointing an Independent Examiner to make a report to Ihem as trustees of the charity.
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) {AtInued) Year ended 31 March 2024 Independenl Examlner A resolution to appoint Bruce Roberts FCA of Bwce Roberts & Co Limited as Ind8p8ndent Examiner for the ensuing year will be proposed at the annual general meeting. Bruce Roberts has expressed his willingness io act in this capacity. Small company provlslons This report has been prepared in accordance wrth the provisions applicable to companies entitled to the small companies eXemlOn. The irustees, annual report was approved on .......... trustees by: ned on behalf of the board of G Williams Trustee L E Williams Charity Secretary 10
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Independent Examiner's Report to the Trustees of Dynamic Cenlre For Children And Young People Wlth Dlsabllltles Year ended 31 March 2024 I report lo ihe truslees on my examination of the financial ststemen15 01 Dynamic Centre For Children And Young People With Disabilities (Ihe charl> for the year ended 31 March 2024. Responslbllltle8 and ba8ls of report The truslees (who are also the directors of the company for the purposes of company Saw) are responsible for the preparation ol the accounts. The trustees consider that an audit is not required tor this year under section 144 121 of Ihe Charilies Acl 2011 and that an independenl examination Is needed. The charity's gross income exceeded £250,000 and l am qualified lo undertake the examination by being a qualitied member of the ICAEW. Having satisfied mysell thal the chwity is nol sufy'ect to audit under company law and is eligible for independent examinalion. it is my responsibility to; examine Ihe accounts under section 145 of the Chariti8s Act 2011 . to follow the procedures laid down in the General Directions given by the Charlty Commission under section 145151(b) of the Chaiilies Act 2011: and to stale whether particular matters have come to my attention. Thls r8POrt is made to the charity's mernbers, as a body through the l)oard ol trustees. My worf( has been undertaken so Ihal I might state to the charity's members those matters l am required to slate to Ihem in a report and for no other purpose. To Ihe fullesl exteni pem)itted by law. I do not accept or assume responsibility to anyone other than the charty and the charity's members as a body* for my work. for this report. or for the opinions I have formed. My examination was carried out in accordance wlth the general Dlrecllons glven by the Charlty Commission. An examination includes a review of the accounting records kept by the charlty and a comparlson of Ihe accounts presented with those records. It also includes consideration ol any unusual items or disclosures in the accounts, and seeking explanations trom you as trustees conceming any such matters. The wocedures undertaken do noi provide all the evidence that would be r8quired in an audFt and consequentty no opinlon is given as to whether Ihe accounts pres8nt a Irue and falr viev/ and the report is Imited to those matters sel oul in the next stalement. Independenl examlnerfs Statement Slnc8 the chaiity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confinn that l am qualified to undertake the examination because l am a member of the Insti18 of Chartered Accountanis in England and Wales (ICAEW), which is one of Ihe lisled bodies. I have completed my examination. l ¢onfim that rnatters have come to my attention in connection with the examination giving me cause to believe: 11
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Independent Examlner's Report to the Trustees of Dynamlc Centre For Children And Young People Disabilities (conllnuod) Year ended 31 March 2024 accountlng recor<ls were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not ard wilh those records; or the financial statements do not compty with the accounting requirements of section 396 of the 2006 Act olher than any requiremenl thal the accounts give a 'true and fairf view whlch is not a matter considered as part of an indeperKlenl examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitles applicable to charities preF)aring their accounls in accordarKe with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other mattars In connection wlth th8 examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Bruce Roberts FCA Independent Examlner Unil 10, Edison Court Ellice Way Wrexham Technology Parf( Wr8xham LL13 7Yr ,I,Iu4 12
Dynamic Centre For Children And Young People With Disabilities Company Limlted by Guarantee Stalement of Financlal Activities (includlng income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unreslricled funds Income and endowments Donations and legacies Charitable activitj'es Other trading aclivities Inveslment income Other income 46.522 3,178 207,286 49,700 207,286 72.046 7,263 518 47,774 221,826 30,576 2,469 72.046 7.263 518 Total Income 126.349 210,464 336.813 302,645 Expendlture Expendtture on raising funds". Costs of raising donations aNJ legacies 10 Expenditure on tharitable activities 11.12 Total expendfture 14.162 157.098 14,162 379.169 15,957 379,222 395,179 222,071 t22,071 171,260 393.331 Net expendlture and net movement In funds {44,911) (11.607) {56,518) {92,534) Reconclllatlon ol lunds Total funds brought forward Total fvnds carrfed fornard 618.712 19.340 7,733 638,052 581,534 730,585 573.801 638,051 The statement of financial activities includes all gans and losses recognised in the year. All income and expendilure derive trom continuing acbvities. The notes on pages 15 10 31 tomi part of these flnanclal statements. 13
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Statement ol Flnanclal Position 31 March 2024 2024 2023 Note Flxed assets Tangible fixed assets 18 277,380 279,905 Current assets Debtors Cash at bank and in hand 19 10.482 357.685 46,461 345,956 368,167 392.417 Crediiors: amounls falllng due wlthln one year Net current assets 20 64,013 34,271 358,146 304,154 581,534 Tolal assèts less current Ilabllltles 638.051 Net assets 581,534 638,051 Funds ol the ¢harlty Restricted funds Unrestricted funds 7,733 573.801 19.342 618,709 Tolal charfty funds 581,534 638,051 For the year ending 31 March 2024 the charty was enlitled to exemption from audit under sectlon 477 of th8 Companies Act 2006 relating to small companie5. Direclors, responsibilllles: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibililies for complying with the requirements of Ihe Act with respect to accounling records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financi I statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by: Tnjstee The noles on pages 15 10 31 form part ol these Ilnanclal slalemenls. 14
Dynamlc Centre For Children And Young People Wlth Dlsabilities Company Llmlted by Guarantee Notes to the Flnanclal Stalements Year ended 31 March 2024 General Informatlon The charity is a private company limited by guarantee. registered in England and Wales and a registered Gharity in England and Wales. The address of the registered offlce is 23 Salisbury Road, Wrexham LL13 7AS. Stalement of compllance These flnanclal statements have been prepared In compllance with FRS 102, The Financlal Reporting Slandard applicable in the UK and the Republic ot Ireland.. the Statement of Recommended Practice applicable to charities preparing th8ir accounts in accordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP IFRS 1021) and the Charities Act 2011. The Ilnancial statements have been prepared on the historical cost basis. The financial slat8m8nls are prepared In sterllng, whSch is the functional currency of the entity. The charity Gonsliluies a public benefit enlity as defined by FRS 102. Accountlng pollclos Ba818 of proparatlon The flnancial statements have been prepared on the hlstorlcal cost basls. The flnanclal siatemenis are prepared in sterling, which is the functional currency of the entily. Golng concern There are no materlal uncertainti8s about th8 charSty'S abi1Sty to conllnua. Dlsclosure exempiion8 Tha entity satisfies the criteria of being a qualitylng entity as defined in FRS 102.(a) No cash flow statement has been presented for the company. Ib) Disclosures in respect of flnancial instruments have not be?n pr?s?nied. Judgements and kay sources ol e8tlmallon uncertalnty Th8 preparatlon of the financial statements In compliance with FRS 102 requlres tha use of certaln crltlcal account5ng eslimates. 11 also requires management to exercise judgement in applylng the Company accounling policies. These eslimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 15
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guaranlee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounllng pollcles (contlnuod) Fund accountlng Funds held by the charlty are either: Unrestricted general funds - these are funds Ihal can be used in accordance with the charitable objects at the discretion of the trustees. Within general funds - the trustees have Idenllfied a 'd8signated development fund. to hold funds for future developments or Restricted funds . these are funds that can only be used for particular restrlcted purposes within the objects of the charity. Resiricllons arlse when specifled by the donor or when fund are ralsed for particular restricted purposes. Incomlng re80urce8 All income Is Included In the statement of flnanclal actlvltles when entltlernent has passed to the charity, It is probable that the economic benefits associated with the transaction will flow to the charity and th8 amount can bo rellably measured. The followlng specific policies are applied to particular Galegories of income: Income from donatlons or Grants, includlng grants for the purchase of fixed assets, als recognised In full in the Statement ol FlnanGlal A¢livilies in the y8ar in whlch they are receivable, unless th&y are restricted grants for expenditure In a fulur8 accounting perlod as specltled by th8 grantor, In whlch case th8 Income Is then deferred. Grants thai are receivable as compensation for expenses or losses already Incurred or for the purpose of givlng Immedlate flnanclal support to the gntliy with no no future related costs are recognised in income in the period in whlch It b8com8s recelvable. legacy income Is recognlsed when recelpt Is probable and entltlement Is establlshed. Income from donated goods is measured at the fair value of th8 goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when r8c8Sved Sf the value can be reliably measured. No arnounts are included for the contribution of general volunteers. income from contracts for the supply of ser41ces is recognised with the dellvery ol the contracted service. This Is classified as unrestricted funds unless there is a contractual requiremenl lor it to be spent on a particular purpose and returned If unspenl, in which case It may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of firHncial activities to whiGh it relaies: 16
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Notes to the Financial Statements (contIndI Year ended 31 March 2024 A¢¢ountlng policies (conHnu Resources expended (Mnttnwd) - Costs of raising funds comprise the costs of those associated with attracting voluntary income, and the costs of trading or Servi provision for fundraising. Expenditure on charitable activities comprises those costs incurred by the chaiity in the delivery of its aclivilies and services for its members. It includes l)oth costs that can be allocated directly to such actmties and those costs of an indirect nature necessary to support them, including those support costs associated wlh the conslitulionat and slatulory requirements of the charity and include the independent examinerfs fees and costs linked to the strategic management and future developmenl ol the charity. together with back offic8 Costs. finance and personnel. - All costs are allocated between the expenditure categories of th8 SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular actsvity are allocaied directty. others are apportioned on an apwopriate basis e.g. time spenL Tanglble assets All fixed &etS are initially recorded at cost. The charity owns the freehold of and occupies the property known as Bradbury House. which was purchased and restored using a grant from the Bradbury Foundation. The charity treats the funds spent on Bradbury House in one of three ways: 1. lunds used to maintaÉnlrenovate the building are treated as revenue expenses. 2. funds used to buy equipment for the building are treated as capital inveslment and written off over an appropriate period 3. funds used to improveladapt the building will be added in full to the cost of Bradbury House. Doprnclatlon Depreciation is calculated so as to write off Ihe cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset. or for the LeasehoEd Improvements over the minimum term ot the lease. as follows: Leasehold Improvements Furnilure Minibus Equipment Written off over lrfetime of the lease 10% straight line on original cost 12.5•A straight line on original cost 25Q/o slraight line on original cost Freehotd properties are not depreciated. The trustees consider that the residual value of Ihe building is hh and its useful life so long as lo make depreciation immalerial. 17
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Notes to the Flnanclal Statemenls (coneinued) Year ended 31 March 2024 Accountlng pollcles (conHnuod) Impalrment of flxed assels A revlew for indicators of impairment is carried out at each reporting date, with the r8¢OV8rable amount being estimated where such indicators exlst. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reportlng date. For Ihe purposes of impairment testing. when il is nol possible to estimate the recoverable amount of an Indivldual asset. an estimate Is made of the recoverable amount of the cash-generaling unit to which the asset belongs. The ¢ash-generaling unil is the smallest Identifiable group of assets that Includes the asset and generaies cash Inflows thal largely independent of the cash Inflows from other assets or groups of assets. For impalrment testlng of goodwill, the goodwill acquired in a business comblnation is, from the acqulsltlon date, allocated to each of the cash-g8neratlng units that are expecled to b&n8fit from the synergles ol the combination, irrespective of whether other assets or liabilities of the charlty are asslgned to those units. Flnanclal In8lrument8 The charlty onty has financlal assets and financial liabilities of a kind that qualify as basic linancial instruments. Basic flnandal instruments are Inltially recognised at transactlon value and subsequently measured at Ihelr settiemenl value with the exception of bank loans which are subsequenlly measured at amortlsed cost uslng the eff8CIIv8 Interest method. Llmlled by guarantse The organlsatlon Is a charStable company limited by guarantee, Incorporated on 21 st July 2003 and registered as a charity on 31st March 2004. The company was established under a Memorandum and Articl8s of Association. The liability of each member In the event of winding up shall ba r8sirlcted10 £10 Donatlon8 and legacles Unrestricted Funds Restrlcted Total Funds Funds 2024 Donatlons Donations Carer Contributions Donations - Collection Boxes Donations - Corporate Donations Donations - Private Donations Donatlons - Gift Ald reclaimed 13 543 1,600 14,906 3,960 13 543 1,600 15.800 3,960 894 Legacle8 Legacies 25,500 25,500
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Notes to the Flnanclal Statemenls (conrfnued) Year ended 31 March 2024 Donatlons and legacles (contlnued) Unrestricted Funds Restricted Total Funds Funds 2024 Grants Other restrlcted grants 2,284 2,284 46,522 3,178 49,700 Unrestrlknled Funds Restricted Total Funds Funds 2023 Donatlons Donations Carer Contributions Donations . Collection 8oxes Donations - Corporate Donatlons Donalions - Private Donations Donations - Gift Aid reclalmed 1,984 1,099 7,432 4,493 1,174 731 731 20 110 2.715 1,830 7.4S2 4,603 1,174 Legacles Legacies 30,000 30,000 Grant8 Other restrfcted grants 46,182 1,592 47,774 Charltabl• actlvlll•$ Unrestrlcted Funds Restricted Total Fund8 Funds 2024 WCBC Friends and Dynamically Us WCBC Playschemes Big Lottery funding WC8C conlracts - Groups and Saturday Group WCBC contracts - Steps (Families First) WCBC contracts - Respita and Families Flrsl slippage funding Other grants - unrestricted WCBC contracts -Families First 207,286 207,286 207,286 207.286 19
Dynamic Centre For Children And Young People With Disabilities Company Limiled by Guarantee Notes to the Flnanclal Statements f¢onilnued) Year ended 31 March 2024 Charltable actlvllies (¢ontinuedJ Unrestricted Funds Restricted Total Funds Funds 2023 WCBC Friends and Dynamically Us WCBC Playschemes Big Lottery funding WCBC contracts - Groups and Saturday Group WCBC contracts - Steps (Familes Flrst) WCBC contracts - Respite and Familes First slippage funding Other grants - unrestricted WCBC contracts -Families First 9,987 40,185 82.902 80.830 5,499 9,987 40,185 82,902 80,830 5,499 1,423 1,423 1,000 1,000 1,000 220.826 221,826 Other tradlng actSvltles Unrestricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundralslng Events and Thlrd party fundraising Online and other sales of donate(I goods Other income - Recharged lo Wrexham CBC Other income - Recharged to Families 35,786 35,786 22.978 22,978 1,325 1,325 1,200 6,398 30,576 1.200 6,398 34,935 34,935 72,046 72.046 30,576 & Investment Income Unrestricted Funds Restricted Total Funds Funds 2024 Bank interest receivable P and P bank interest receivable 7,263 7.263 7,263 7,263 Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable P and P bank interest receivable 2,256 2.256 213 213 2,256 213 2,469
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Notes to the Flnanclal Statements (¢onilnuedJ Year ended 31 March 2024 Other Income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Galn on disposal of tangible fixed assets held for charity's own use 518 518 Other income includes 10. Cos18 of ralslng donallon8 and legacle8 Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Costs of ralslng donatlons and legacies 14,162 14,162 15,957 1 S,957 21
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guaranlee Notes to the Financial Statements (condnwd) Year ended 31 March 2024 11. Expendlture on charllable actlvltles by lund type Unreslricted Funds Restricted Total Funds Funds 2024 Paople and Places Chairmans Fund AVOW and others Dynamic Groupsllnteract Playschemes Steps Respite Friends and DynamiclY Us Choir Particlpatlon Trip Period Poverty Projecl Families First Contract Support costs 134 1.785 99,114 1,785 99.114 7,230 2,532 250 250 207,286 9.834 9.762 250 250 207,285 60,589 379.169 50.754 157,098 222,071 Unresiri¢ted FurKIs Restricted Total Funds Funds 2023 People and Places Chairmans Fund AVOW and Others Dynamic Groupsllnteract Playschemes Sleps Resplte Friends and Dynamlcally Us Choir Participation Trip Period Povety Project Families First Conlract Support costs 120.128 24 3,900 120,128 24 3.900 37,350 78,464 33,054 4,785 1,423 8,689 7.078 37,3SO 78,464 33,054 4,785 1.423 8,689 7,078 34,813 49,514 84,327 379,222 72,163 307,059
Dynamlc Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Notes to the Flnanclal Statements (contlnued) Year ended 31 March 2024 12. Expendllure on charllable actlvltles by actlvlty lype Cosls reflect Ihe amounts spenl on the main resource expenditure headings Charltable expenditure and raising funds. Costs are allocated across those headings using various allocation methods such as Staff time spent, direct expenditure and usage of Ihe facilities or services provided. It should be noted thal under this basis some items induding training and management costs include elements of staff salary. The amount of management and staff time spent on each aspect of the service: activities (service delivery), fund-raising and governance, is reviewed to reflect as accurately as possible the amount of time spent on each activity. Governance costs include those incurred on legal and financial advice, seriicing the trustees, meetings and those associated with development and statutory requirements. The trustees believe thal Ihls reflects the intent of the SORP (Statement of Recommended Practice). The tolal resources expended on each acllvlty were: 2024 2023 Raising Funds Charitiabl8 Exp8ndlture Per SOFA 14,162 379,169 15,957 379,228 393,331 395,185 Broken down into rnore detail, tha resources were spent as follows: 2024 2023 Staff costs (staff time) Other costs (direct) Per SOFA 11,822 2,340 14,173 1,784 14,162 15,957 23
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Activities undertaken directly Support Total funds costs 2024 Total fund 2023 People and Places Chairmans Fund AVOW and others Dynamic Groupsllnteract Playschemes Steps Respite Friends and Dynamically Us Choir Participation Trip Period Poverty Project Families Firsl Contract Governance costs 9,620 9,620 134 1,785 125,744 152,119 24 3,900 56,486 88,704 38,321 5,499 1,423 9,991 7,078 134 1.785 99,114 26,630 9.762 250 250 207,285 9,762 250 250 207,285 24.339 24.339 15.677 318,580 60,589 379.169 379.222 24
Dynamlc Centre For Children And Young People With Disabilities Company Llmiled by Guarantee Notes to Ihe Flnanclal Statements (conllnued) Year ended 31 March 2024 12. Expendlture on charltabl• a¢tfvft$ by actlvlty type (ctyillnu¢d) Charilable activities expenditure Dynamlc unrestrlcl ed serylce provlslon Sncludlng Cholr support WCBC TNL Cholr Famlles and people Flrst and places Other Contract prolects Reslrlcled (R) (R) Funds Totals Staff costs IDAIST) Travel and mlnibus costs (Direcl) Other programme costs (DAJSD Training Costs (DWST) Totals 90,023 163,161 253,184 4,203 3,490 11767 676 18,924 676 106,348 164,975 276,274 Support costs Staff costs (ST) Property Costs (DNST) Organlsation and management costs {DAIST) Deprecialion Govemance and Office Costs (Usage) Totals 9,549 9,549 17,246 9,949 214 8,991 793 21.117 39,728 793 24A34 11,245 35,579 102,895 50.750 42,311 214 Charitable Activity Expenditure Support costs Total Expenditure 106,348 164,975 50,750 42,311 157,098 207.286 4,203 214 276,274 102,895 9,260 10,008 4,417 379,169 ( R ) rq>resents restrlcted funds - tolal rnstrlcled lunds belng £222,071 (note 14) Koy: DA Dlrect and apportloned ST Staff tlme 25
Dynamic Centre For Children And Young People With Disabilities Company Umlted by Guarantee Notes to the Flnanclal Ststements (Gonthiwd) Year ended 31 March 2024 11 Expendltur• on ¢hariiabl• a¢tlvttles by alty ty (conllnued) Office and govemance costs further analysed- 2024 2023 Staff costs (ST) Office administration and similar costs (Usage) Accountancy and Independent Examlnatlon {direct) Legal and professional (Usage) Bank chargesfinterest ffransaclions) Totals 19,471 11.956 2,541 1.354 257 16.614 1,379 2,047 1,354 142 35.579 21,536 13. Anatysls of support costs Support costs are arHlysed above in note 12. 14. Net •xp•ndllur• Net expendilure is stated after chargingl{crediting): 2024 2023 DeprecratSon of tangible fixed assets Gains on disposal of langible fixed assets 793 (518) 1,604 15. Independent examlnatlon fees 2024 2023 Fees payable to the Independenl examlner lor: Independent examinallon of the financlal statements and accountancy fees inc VAT 3,540 3.216 26
Dynamic Centre For Children And Young People With Disabilities Company Llmlted by Guaranlee Notes to Ihe Financlal Statements (MnthMKd) Year ended 31 March 2024 16. Staff costs Thè total staff costs and employee benefts for the reporting period are analysed as foll0v. 2024 2023 Wages and Salarles Social Security costs Pension contribulions 307,888 13,466 6.532 312,922 13.749 6.633 Total 327,886 333,304 Nole: Wages and salaries include elemenls reflected in cost allocation under items such as training and managemenvorganisation costs. The average head count of employees during year was 39 (2023: 46>. The average number of full-time equivalent employees during the year is analysed as follows: 2024 No. 2023 No. Session workers Cleaners Management and administration staff Dynamic Future Ctrordinator and Proiect Workers 26 32 39 46 ND employee received employee benefits of more than £60,000 durfng ihe year (2023: NSI). 17. Trusleo ramunerallon and exp•ns•s No remuneration was paid to any member of the Board of Truslees during the year lor services rendered as a board member. No truslee or other penson related to Ihe charity had any personal inleresl in any contract or transaclion entered into by the charity during the year.
Dynamic Centre For Children And Young People With Disabilities Company Umited by Guarantee Notes to the Flnancial Ststements fconHnwd) Year ended 31 March 2024 18. Tanglble Ilxed assets Bradbury Leasehold House Improvem'ts Fumiture Minibus Equipment Tolal Cost At 1 Apr 2023 Disposals At 31 Mar 2024 275,000 49.452 1.000 44,920 19,920) 35,000 14,936 385,308 (9.920) 375,388 275,000 49.452 1.000 14,936 Depreclallon At 1 Apr 2023 Charge for lh8 year Dlsposals At 31 Mar 2024 49,452 1,000 43,188 11,763 105,403 793 793 (8,188) 98,008 (8,188) 35,000 49,452 1,000 12,556 Carrylng amount At 31 Mar 2024 275,000 275,000 2,380 277,380 279,905 At 31 Mar 2023 1,732 3,173 19. Debtors 2024 2023 Trade debtors Prepayments and accrued iorne 2.706 7,776 41,246 5,215 10.482 46,461 20. Credllors: amoun18 falllng due wlthln one year 2024 2023 Trade creditors Accruals and defeffed Income Social security and other taxes Other creditors 2.353 24,705 5,099 2,114 58.935 3,553 1,525 64,013 34,271 21. Deferred Income 2024 2023 Amount deferred in year 53,709 18,709
Dynamlc Centre For Children And Young People With Disabilities Company Llmlted by Guarantee Notes to the Flnanclal Statements Iconllnued) Year ended 31 March 2024 22. Analysls of charltable funds Unreslrlcted funds At 31 March 20 24 At 1 April 2023 Income Expendilure Transfers General funds Designated Property Fund 504,712 126,349 (171,260) 459,801 114,000 114,000 618,712 126,349 (171,260) 573,801 Al 31 March 20 23 At 1 April 2022 Income Expenditure Transfers General funds Designated Property Fund 409,595 80,014 188,120) 103,220 504,709 217,220 (103,220) 114.000 626,81 S 80,014 188,120) 618,709
Dynamic Centre For Children And Young People With Disabilities Company Limiled by Guarantee Notes to the Financial Statemenls fconllm*d) Year ended 31 March 2024 22. Analys1$ of charllable lunds (contlnued) Restricted funds At 31 March 20 24 At 1 Aprll 2023 Income Expenditure Transfers Period Povety Project Particlplion Trip Wellbeing room Choir - restricted funding Big Lottery - Choir (Ex-Dynamic Futures) People and Places (TNL) 250 250 214 1250) 1250) (214) 1,784 (1,784) (748) 8.940 276 9,376 680 {9,620) (134) (1,785) Chairman's Fund AVOW and others Groups . Playschemes, Families First slippage and Steps Families First contract 142 7,591 207.286 (207.286> 1222,0711 19.340 210,464 7.733 At 31 March 20 23 At 1 April 2022 Income Expenditure Transfers Perlod Poverty Project Particiption Trip Wellbeing room Choir - restricted lunding Big Lottery - Choir {Ex-Dynamic Futures) People and Places {TNL) 6,344 1,482 17.0781 748 77,838 301 13,277 83,225 1152,1211 (25) (3,9011 8,942 276 9.376 Chairman's Fund AVOW and others Groups , Playschemes, Families First slippage and Steps Families Firsi contract 6,010 137,924 1143,9341 103,770 222,631 1307,059) 19,342 30
Dynamic Centre For Children And Young People With Disabilities Company Limited by Guarantee Notes to the Flnancial Statements fconllnu Year ended 31 March 2024 23. Analysls ol net assets between funds Unrestricted Funds Reslricled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 277.380 360,434 (64,013) 573,801 277,380 368.167 {64,013) 581,534 7,733 7.733 Unrestrfcled Funds Restricted Toial Funds Funds 2023 Tangible lixed assets Currèni assets Creditors less than 1 year Not assets 279.905 373.075 (34.271) 618.709 279.905 392,417 (34.271 638.051 19,342 19.342 31