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← The King's Gate Church (Bognor Regis) Ltd

2025-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

The King's Gate Church (Bognor Regis) Ltd

(A company limited by guarantee) Charity registration number: 1108556 Company registration number: 05135809

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 19

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

John France Martin French Elizabeth Hickmore Benjamin Leney Hannelie Smit John Goble Dominic Leney Jonathan Adair (appointed 27 January 2025)

Charity Registration 1108556 Number

Company Registration 05135809 Number

Registered Office Beehive 31 William Street Bognor Regis West Sussex PO21 1DL Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF Bankers Lloyds Bank plc 33-37 High Street Bognor Regis PO21 1RS

Page 1

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

TRUSTEES' REPORT

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.

Structure, governance and management

Nature of governing document

The King's Gate Church (Bognor Regis) Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

Recruitment and appointment of trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.

Organisational structure

The charity is governed by the directors. The church functions with an employed Pastor (a trustee) and a leadership team who oversee the various departmental activities. The directors are trustees for the purposes of the Charity Commission.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Objectives and activities

Objects and aims

The principal object of the charity is to advance the Christian faith through worship, fellowship and the distribution of Bible teaching in all forms of media and the advancement of the Christian faith generally.

Objectives, strategies and activities

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

TRUSTEES' REPORT

Achievements and performance

Review of activities

There has been overall a continuation in larger Sunday attendance numbers at the Regis School which includes a larger number of visitors.

The church has continued its Sunday teaching sessions on Christian topics including wisdom, living in the power of the Holy Spirit, growing in Christian experience, and also midweek teaching sessions both on Monday evenings at the Beehive and Life Groups as well as prayer groups both in homes and the Beehive. In addition, there is a monthly outing planned for those over 75, usually at a local Garden Centre restaurant that sees some 10 people attending each time.

Use of the Beehive has grown with a bi-monthly 11-18s youth group using it, as well as two Life Groups regularly using it, and Family Support Work. The church office has now moved to the Beehive and it has become the official address for the charity.

The church has added a monthly Forest School session (using a garden facility at the Regis School) for children’s activities. We have continued to run a Family Service and children’s groups for children aged 5-13 on a Sunday morning meeting.

One aspect of instruction and care has included being involved in the Ron Hellyer Foundation work in Romania, and members of the church have been on a mission trip this year to Romania, where they have given teaching to adults including women and also children. King’s Gate has also supported a fundraising evening and a coffee morning.

A further aspect has been financial contributions to Christian Concern, supporting freedom of speech and freedom for Christians in the UK, and to Right to Life, aiming to preserve the rights of the unborn in the UK in accordance with Christian teaching. A further financial gift this year was to Ebenezer Operation Exodus supporting Jews who wish to go to live in Israel.

The evangelisation of non-Christians

We encourage this by various means. We have had gospel messages at Christmas and Easter, and have members of the church who hand out Bibles and speak to people on the streets. We have now purchased a larger baptismal pool and had a baptism early April. We have a weekly prayer meeting on zoom and a monthly face to face meeting where part of our focus is to pray for those who are not Christians.

Other ministries that we carry out show people practical love and care, for example Waymakers which is a weekly craft club, regularly attended by a mix of Christians and non-Christians, up to 30 at a time. Arun Angels is a ministry that looks after people late on a Saturday night in Bognor after a night out, and we have some members of the church who are committed to this work.

Page 3

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

TRUSTEES' REPORT

Also Sunday Lunch Club, aimed at those who might eat alone or want some company, is run once a month and attended again by a regular number of 50 or more guests. The church has continued to support the local CAP Debt Centre financially and has two Befrienders who visit CAP clients who are in debt with the Debt Coach. This includes the offer of prayer and the giving of Christian literature.

The church has continued to give regularly to support missionaries in YWAM Blantyre who are engaged in holistic mission, as well as supporting the ministry of Gerard and Jeannie Long who lead a prayer ministry in America and a relief of poverty ministry in India. The church also gives regularly to a messianic congregation in Israel to support and encourage the Christians there. Not to mention the evangelization work that has taken place through the Romania missions.

The Relief of Poverty and Sickness

As mentioned above, King’s Gate financially supports CAP Debt Centre whose direct work is to help people out of debt. In addition, the church regularly prays for its members when they are ill, and provides emotional and spiritual support through church meetings, phone calls and visits, including hospital visits where possible. Every Sunday there is a basket out which collects food donations which are given to the Bognor Food Bank, and in addition to this we donated our Christmas offering to Stonepillow and Bognor Housing Trust to support the homeless.

Offerings have provided relief after the stabbings in Southport, gifts to both the Salvation Army and Soteria Trust (education work in Nigeria), as well as some funds to a missionary in Blantyre known to us who needed a life-saving operation. Our contributions to CAP help to relieve poverty too.

The Waymakers craft group regularly sponsor young mothers and children at a project called the Beehive Foundation in Nakuru, Kenya, and there are also members of the congregation who regularly give to support this too. Giving has increased, and we have a continued ambition to give away 15% of our income to external good causes as identified by the trustees and members.

We now have just two salaried employees following Elizabeth Board’s retirement as Beehive cleaner (we are grateful for all her work): Ben Leney as pastor and Denise Elliott as Administrator and Treasurer.

Financial review

Income for the year amounted to £100,464 (2024: £74,928) and expenditure £83,217 (2024: £75,455). The surplus was added to funds brought forward and unrestricted funds were £281,136 at the year end.

Policy on reserves

At the present time funds are used as they arise and there is no reserve policy required. The trustees would like to establish a reserve of at least three months of regular outgoings when circumstances permit.

Page 4

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

TRUSTEES' REPORT

Investment policy and objectives

At the present time the income of the charity is fully committed on a month to month basis. The trustees will apply an investment policy if surplus funds arise in the future.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Page 5

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

TRUSTEES' REPORT

Statement of Responsibilities

The trustees (who are also the directors of The King's Gate Church (Bognor Regis) Ltd for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 3 September 2025 and signed on its behalf by:

......................................... Benjamin Leney Trustee

Page 6

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

I report to the charity trustees on my examination of the accounts of The King's Gate Church (Bognor Regis) Ltd for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees of The King's Gate Church (Bognor Regis) Ltd (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of The King's Gate Church (Bognor Regis) Ltd are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

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:

  1. accounting records were not kept in respect of The King's Gate Church (Bognor Regis) Ltd as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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 accounts to be reached.

...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF

3 September 2025

Page 7

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
3
87,288
Charitable activities
4
4,746
Investment income
5
202
Total income
92,236
Expenditure on:
Charitable activities
6
75,840
Total expenditure
75,840
Gains/losses on
investment assets
216
Net
income/(expenditure)
16,612
Net movement in funds
16,612
Reconciliation of funds
Total funds brought
forward
264,524
Total funds carried
forward
14
281,136		 Restricted
funds
£
8,228
-
-
8,228
7,377
7,377
-
851
851
4,218
5,069		 Total
2025
£
95,516
4,746
202
100,464
83,217
83,217
216
17,463
17,463
268,742
286,205		 Total
2024
£
70,762
4,052
114
74,928
75,455
75,455
114
(413)
(413)
269,155
268,742

The notes on pages 10 to 19 form an integral part of these financial statements. Page 8

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

(REGISTRATION NUMBER: 05135809) BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Investments
12
Cash at bank and in hand
Creditors: Amounts falling due within one year
13
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
14		 2025
£
209,000
209,000
2,219
769
74,949
77,937
(732)
77,205
286,205
5,069
281,136
286,205		 2024
£
214,200
214,200
1,959
553
52,844
55,356
(814)
54,542
268,742
4,218
264,524
268,742

For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on 3 September 2025 and signed on their behalf by:

......................................... Benjamin Leney Trustee

The notes on pages 10 to 19 form an integral part of these financial statements. Page 9

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

The King's Gate Church (Bognor Regis) Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 10

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 11

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Land and buildings 2% on revalued amount Computer equipment 33% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 12

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

3 Income from donations and legacies

Unrestricted funds
Designated
£
General
£
Donations and legacies;
Donations
9,170
63,644
Gift aid reclaimed
-
14,474
9,170
78,118		 Restricted
funds
£
8,198
30
8,228		 Total
2025
£
81,012
14,504
95,516		 Total
2024
£
59,392
11,370
70,762

4 Income from charitable activities

Activities
Beehive
Sales		 Unrestricted
funds
General
£
2,632
2,030
84
4,746		 Total
2025
£
2,632
2,030
84
4,746		 Total
2024
£
2,292
1,760
-
4,052

5 Investment income

Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
202		 Total
2025
£
202		 Total
2024
£
114

Page 13

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6 Expenditure on charitable activities

Unrestricted funds
Note
Designated
£
General
£
Premises
210
8,621
Beehive costs
-
5,058
Office running costs
-
2,347
Insurance
-
1,614
Licences
-
2,213
Training
-
803
Ablaze
-
286
Events
-
24
Travel
-
441
Sundry expenses
-
180
Bank charges
-
423
Independent
examination
-
852
Depreciation,
amortisation and
other similar costs
-
5,200
Grant funding of
activities
7
2,275
6,078
Staff costs
9
-
39,215
2,485
73,355		 Restricted
funds
£
1,020
-
-
-
-
-
-
-
-
-
-
-
-
6,357
-
7,377		 Total
2025
£
9,851
5,058
2,347
1,614
2,213
803
286
24
441
180
423
852
5,200
14,710
39,215
83,217		 Total
2024
£
9,062
6,262
2,090
1,396
1,796
1,505
194
28
128
157
290
810
5,805
13,704
32,228
75,455

7 Grant-making

Analysis of grants

Grants

**Grants to ** institutions
2025 2024
£ £
14,710 13,704

Page 14

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8 Trustees remuneration and expenses

During the year, one trustee received remuneration amounting to £30,861 (2024: £24,866) and benefits in kind in the form of pension contributions amounting to £1,970 (2024: £1,118) as pastor of the church.

The only other payments made to the trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.

9 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2025
£
37,245
1,970
39,215		 2024
£
31,110
1,118
32,228

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year was as follows:

Employees 2025
No
2		 2024
No
3

No employee received emoluments of more than £60,000 during the year.

Page 15

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10 Tangible fixed assets

Land and
buildings
£
Cost
At 1 April 2024
260,000
At 31 March 2025
260,000
Depreciation
At 1 April 2024
45,800
Charge for the year
5,200
At 31 March 2025
51,000
Net book value
At 31 March 2025
209,000
At 31 March 2024
214,200
11 Debtors
Accrued income
Other debtors
12 Current asset investments
Unlisted other shares
13 Creditors: amounts falling due within one year
Other creditors
Accruals		 Land and
buildings
£
260,000		 Computer
equipment
£
1,817		 Total
£
261,817
261,817
47,617
5,200
52,817
209,000
214,200
2024
£
1,867
92
260,000 1,817
45,800
5,200		 1,817
-
51,000 1,817
209,000 -
214,200 -
2025
£
2,219
-
2,219
2025
£
769
2025
£
-
732
732
1,959
2024
£
553
2024
£
124
690
814

Page 16

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Funds

Unrestricted funds
General
General Funds
Designated
Poor fund
Building fund
Israel fund
Total unrestricted funds
Restricted funds
Waymakers fund
CAP fund
Total funds		 Balance at
1 April
2024
£
259,510
405
4,609
-
5,014
264,524
2,385
1,833
4,218
268,742		 Incoming
resources
£
83,066
600
7,070
1,500
9,170
92,236
5,033
3,195
8,228
100,464		 Resources
expended
£
(73,139)
(775)
(210)
(1,500)
(2,485)
(75,624)
(4,605)
(2,772)
(7,377)
(83,001)		 Balance at
31 March
2025
£
269,437
230
11,469
-
11,699
281,136
2,813
2,256
5,069
286,205

Page 17

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted funds
General
General Funds
Designated
Alpha fund
Poor fund
Building fund
Total unrestricted
funds
Restricted funds
Breakfast club
Waymakers fund
CAP fund
Total funds		 Balance
at 1 April
2023
£
262,234
104
405
4,387
4,896
267,130
101
678
1,146
1,925
269,055		 Incoming
resources
£
66,297
-
-
-
-
66,297
-
4,187
4,444
8,631
74,928		 Resources
expended
£
(68,503)
-
-
-
-
(68,503)
(101)
(2,880)
(3,757)
(6,738)
(75,241)		 Transfers
£
(518)
(104)
-
222
118
(400)
-
400
-
400
-		 Balance
at 31
March
2024
£
259,510
-
405
4,609
5,014
264,524
-
2,385
1,833
4,218
268,742

Page 18

THE KING'S GATE CHURCH (BOGNOR REGIS) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
209,000
-
61,169
11,699
(732)
-
269,437
11,699
Unrestricted funds
General
£
Designated
£
214,200
-
46,124
5,014
(814)
-
259,510
5,014		 Restricted
funds
£
-
5,069
-
5,069
Restricted
funds
£
-
4,218
-
4,218		 Total funds
at 31
March
2025
£
209,000
77,937
(732)
286,205
Total funds
at 31
March
2024
£
214,200
55,356
(814)
268,742

Page 19