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2023-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Suncoast Church

(A company limited by guarantee) Charity registration number: 1108845 Company registration number: 05331510

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

SUNCOAST CHURCH

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

SUNCOAST CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Robert Milburn Smillie Peter Sinclair Dobson Jonathon Robinson

Charity Registration 1108845 Number Company Registration 05331510 Number The charity is incorporated in England. Registered Office 3 Courtlands Road Eastbourne East Sussex BN22 8TR Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF Bankers HSBC 94 Terminus Road Eastbourne East Sussex BN21 3ND

Page 1

SUNCOAST CHURCH

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 2023.

Objectives and activities

Objects and aims

The company's objectives and principal activities are:

These objectives are progressed through the various activities and departments in the life of the church, continuing to work increasingly within the community in which it is based.

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.

Structure, governance and management

Nature of governing document

The company is constituted under a Memorandum of Association dated 13/01/2005 and is a registered charity number 1108845.

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.

The directors look for persons of proven integrity who share the vision and objectives of the charity and who have the relevant wisdom and experience to contribute to the running of the company. Under the requirements of the Memorandum and Articles of Association the Senior Pastor remains chairman of the company. The remaining board members retire by rotation.

Induction and training of trustees

Each new director is provided with the relevant Charity Commission publications, a copy of the Memorandum and Articles of Association and at a meeting with the Chairman fully briefed on the operation of the company and the responsibility of the directors.

Page 2

SUNCOAST CHURCH

TRUSTEES' REPORT

Organisational structure

The charity, based in Eastbourne, is governed by a board of directors who are responsible for all financial decisions and management. The members of the board of directors work in close consultation with members of the Senior Leadership Team who are responsible for the formulating and implementing of strategy and planning as well as the oversight of various departments. Risk management The directors are confident that risks are kept to a minimum through strict financial control with regular reviews. The directors consider that the main risk to the company would be a reduction in the size of the church membership or its ability and desire to give. This risk is managed through regular reporting of giving trends and active development of the growing vision. Church membership has increased and the directors are confident that it will continue increasing at this time.

Review of charitable activities undertaken

Advancement of the Christian faith:

Sunday sermons were live streamed to an online audience via Facebook and later uploaded to the Church’s Youtube channel. Each Sunday translated notes of the sermon were provided in several languages for those in attendance whose first language is other than English.

Midweek in-person ‘Connect Groups’, set up to provide pastoral care, as well as equipping and encouraging Christians to promote the Christian faith continued to operate throughout the year.

Each week three prayer meetings were held, two of which were conducted on Zoom.

Easter and Christmas services, including a carol service, were well attended by both members and non-members of the church.

The Children’s Church continued to grow throughout the year. A fourth department was created to cater for older children.

Beyond the U.K., the charity continued to provide regular financial support for a full-time missionary couple based in Southern Mexico.

Advancement of education:

The charity established a Bible School in January 2022 with a curriculum offering a three-year course in systematic theology as well as covering subjects such as church history, apologetics, and other areas of practical ministry. Approximately 45 students attended the lectures throughout the course of the year.

The support group for newly arrived Christian asylum seekers in Eastbourne which had been set up in early 2021 continued to meet on a weekly basis at the church premises and in a local café. During these meetings bible teaching was provided on many subjects related to the Christian faith.

Page 3

SUNCOAST CHURCH

TRUSTEES' REPORT

Relief of persons in need:

International - Ukraine

The charity has had a long-standing relationship with several churches in the Ukraine, and since the start of the war with Russia in February 2022 has provided funds for these churches for their respective humanitarian aid programs amongst the thousands of homeless refugees in the country.

The charity also organized and funded two four-day pastor’s retreats in Poland in May and October 2022 for Ukrainian pastors and their wives.

Funds were provided for the extension of an accommodation block in a care home for the severely disabled in the Poltava Oblast of the Ukraine.

Nepal

The charity donated funds to a children’s home in Katmandu, Nepal, for the reboring of a well supplying water to a children’s home which had dried up.

Bangladesh

Funds were sent to partners in Bangladesh for food relief for many of the poorest who were starving. In the months following the start of the Russia-Ukraine war food prices and shortages were severe due to grain shipments being held up in the Black Sea.

As in previous years, the charity provided funds for the 70 boys and girls of ‘Hope House’ in Bangladesh to have a Christmas dinner. ‘Hope House’ is a children’s home for orphaned and abandoned children.

Local

A men’s support group meeting on a fortnightly basis ran throughout the year. This group is known as ‘Bros’ and was established with a view to providing a close community in which men could receive help, advice and support toward making positive life changes. The group meets in a member’s home and is always well attended.

Over the winter months of early 2023 the charity joined the nationwide initiative ‘Warm Welcome’ using its premises in Eastbourne to provide a warm space for those who were trapped in fuel poverty.

Locally, the charity continued to partner with the local branch of the Foodbank, providing a food drop-off point within the building.

Donations were made to several local charities including Warming Up the Homeless, Matthew 25 - which provides meals for the homeless in Eastbourne, and the local branch of Street Pastors who offer assistance to those in need in the town centre after dark.

The charity also assisted local asylum seekers in Eastbourne, providing them with advice and basic needs such as clothing. Those who had been attending church services were also each given a Christmas gift.

Page 4

SUNCOAST CHURCH

TRUSTEES' REPORT

Financial review

Income for the year amounted to £199,900 (2022 - £183,125) and expenditure £164,582 (2022 - £142,868). The surplus was added to funds brought forward, with balances at the year end being £182,628 for unrestricted and £10,189 for restricted funds.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company 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. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Page 5

SUNCOAST CHURCH TRUSTEES' REPORT

Statement of Responsibilities

The trustees (who are also the directors of Suncoast Church 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 22 September 2023 and signed on its behalf by:

......................................... Robert Milburn Smillie Trustee

Page 6

SUNCOAST CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUNCOAST CHURCH

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 8 to 19.

Responsibilities and basis of report

As the charity’s trustees of Suncoast Church (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 Suncoast Church 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 Suncoast Church 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

22 September 2023

Page 7

SUNCOAST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Note
Unrestricted
£
Income and Endowments from:
Donations and legacies
3
160,889
Charitable activities
4
2,166
Investment income
5
510
Other income
6
7,283
Total income
170,848
Expenditure on:
Charitable activities
7
139,956
Total expenditure
139,956
Net income
30,892
Transfers between funds
(1,017)
Net movement in funds
29,875
Reconciliation of funds
Total funds brought
forward
152,753
Total funds carried
forward
14
182,628		 Restricted
£
29,052
-
-
-
29,052
24,626
24,626
4,426
1,017
5,443
4,746
10,189		 Total
2023
£
189,941
2,166
510
7,283
199,900
164,582
164,582
35,318
-
35,318
157,499
192,817		 Total
2022
£
175,598
790
37
6,700
183,125
142,868
142,868
40,257
-
40,257
117,242
157,499

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

SUNCOAST CHURCH

(REGISTRATION NUMBER: 05331510) BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
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		 2023
£
4,593
17,835
172,686
190,521
(2,297)
188,224
192,817
10,189
182,628
192,817		 2022
£
3,424
8,491
147,521
156,012
(1,937)
154,075
157,499
4,746
152,753
157,499

For the financial year ending 31 March 2023 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 22 September 2023 and signed on their behalf by:

......................................... Robert Milburn Smillie Trustee

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

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 £10 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) (effective 1 January 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

Suncoast Church 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

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

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

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 Short-term leasehold property over remainder of lease Office equipment 25% reducing balance method

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

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
General
£
Donations and legacies;
Donations
134,941
Gift aid reclaimed
25,948
160,889
4 Income from charitable activities
Unrestricted
funds
General
£
Bible college
1,549
Event income
617
2,166
5 Investment income
Unrestricted
funds
General
£
Interest receivable and
similar income;
Interest receivable on
bank deposits
510		 Restricted
funds
£
29,052
-
29,052
Restricted
funds
£
-
-
-
Restricted
funds
£
-		 Total
2023
£
163,993
25,948
189,941
Total
2023
£
1,549
617
2,166
Total
2023
£
510		 Total
2022
£
153,988
21,610
175,598
Total
2022
£
790
-
790
Total
2022
£
37

Page 13

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6 Other income

Unrestricted
funds
General
£
Rental income
7,283
7 Expenditure on charitable activities
Unrestricted
funds
Note
General
£
Church activities and
mission
4,045
Premises costs and
hall hire
45,135
Equipment costs
2,628
National organisation
seed
-
Travelling expenses
2,782
Manse costs
10,055
Hospitality and
catering
3,724
Insurance,
subscriptions and
5,880
Postage, stationery
and
5,033
Bank charges and
currency costs
629
Bookkeeping
4,356
Legal and
professional fees
1,215
Independence
examination
840
Depreciation,
amortisation and
other similar costs
2,108
Grant funding of
activities
8
5,911
Staff costs
10
45,615
139,956		 Restricted
funds
£
-
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
24,626
-
24,626		 Total
2023
£
7,283
Total
2023
£
4,045
45,135
2,628
-
2,782
10,055
3,724
5,880
5,033
629
4,356
1,215
840
2,108
30,537
45,615
164,582		 Total
2022
£
6,700
Total
2022
£
2,911
44,501
807
310
398
10,079
4,507
6,010
4,595
701
3,168
-
840
1,141
21,211
41,689
142,868

Page 14

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

8 Grant-making

Analysis of grants

Grants

Grants to institutions 2023 2022 £ £ 30,537 21,211

9 Trustees remuneration and related party transactions

Mr R Smillie, a trustee, and his wife are employees of the charity and received gross income of £45,548 (2022 - £41,548). The charity also paid £10,055 (2022 - £10,079) for their living accommodation.

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.

10 Staff costs

The aggregate payroll costs were as follows:

2023 2022 £ £ Staff costs during the year were: Wages and salaries 45,615 41,689

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

follows:
2023 2022
No No
Staff 2 2

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

Page 15

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11 Tangible fixed assets

Land and
buildings
£
Cost
At 1 April 2022
123,988
Additions
-
Disposals
-
At 31 March 2023
123,988
Depreciation
At 1 April 2022
123,988
Charge for the year
-
Eliminated on disposals
-
At 31 March 2023
123,988
Net book value
At 31 March 2023
-
At 31 March 2022
-
12 Debtors
Prepayments
Accrued income
13 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals		 Land and
buildings
£
123,988
-
-		 Office
equipment
£
39,857
3,727
(2,779)
40,805
36,433
1,531
(1,752)
36,212
4,593
3,424
2023
£
9,762
8,073
17,835
2023
£
717
700
880
2,297		 Office
equipment
£
39,857
3,727
(2,779)
40,805
36,433
1,531
(1,752)
36,212
4,593
3,424
2023
£
9,762
8,073
17,835
2023
£
717
700
880
2,297		 Total
£
163,845
3,727
(2,779)
164,793
160,421
1,531
(1,752)
160,200
4,593
3,424
2022
£
280
8,211
123,988
123,988
-
-
123,988 36,212
- 4,593
- 3,424
2023
£
9,762
8,073
17,835
2023
£
717
700
880
2,297
8,491
2022
£
338
719
880
1,937

Page 16

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14 Funds

Statement of funds - current year

Unrestricted funds
General
General Funds
Designated
Dilapidation fund
Rent fund
Total unrestricted
funds
Restricted funds
Building fund
Global Compassion
Global Compassion:
Hope House
Specific gifts
Church and
community needs
Ukraine fund
Nepal
Total funds		 Balance
at 1 April
2022
£
62,753
48,000
42,000
90,000
152,753
386
-
399
-
20
3,908
33
4,746
157,499		 Incoming
resources
£
170,848
-
-
-
170,848
60
65
2,645
800
-
25,482
-
29,052
199,900		 Resources
expended
£
(139,956)
-
-
-
(139,956)
-
(65)
(2,399)
(800)
(20)
(21,342)
-
(24,626)
(164,582)		 Transfers
£
(1,017)
-
-
-
(1,017)
-
-
41
-
-
976
-
1,017
-		 Balance
at 31
March
2023
£
92,628
48,000
42,000
90,000
182,628
446
-
686
-
-
9,024
33
10,189
192,817

Restricted funds:

These represent the activities of the church and specific donations are received to support work carried out both locally and internationally.

Page 17

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Statement of funds - prior year

Unrestricted funds
General
General Funds
Designated
Dilapidation fund
Rent fund
Total unrestricted
funds
Restricted funds
Building fund
Equipment
Global Compassion
Global Compassion:
Hope House
Church and
community needs
Ukraine fund
Bangladesh Motorcycle
Nepal
Total funds		 Balance
at 1 April
2021
£
19,184
48,000
42,000
90,000
109,184
326
-
-
105
17
-
7,610
-
8,058
117,242		 Incoming
resources
£
170,441
-
-
-
170,441
60
1,395
172
1,180
20
9,186
638
33
12,684
183,125		 Resources
expended
£
(128,267)
-
-
-
(128,267)
-
-
(172)
(886)
(17)
(5,278)
(8,248)
-
(14,601)
(142,868)		 Transfers
£
1,395
-
-
-
1,395
-
(1,395)
-
-
-
-
-
-
(1,395)
-		 Balance
at 31
March
2022
£
62,753
48,000
42,000
90,000
152,753
386
-
-
399
20
3,908
-
33
4,746
157,499

Page 18

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
£
4,593
-
90,332
90,000
(2,297)
-
92,628
90,000
Unrestricted funds
General
£
Designated
£
3,424
-
61,266
90,000
(1,937)
-
62,753
90,000		 Restricted
funds
£
-
10,189
-
10,189
Restricted
funds
£
-
4,746
-
4,746		 Total funds
at 31
March
2023
£
4,593
190,521
(2,297)
192,817
Total funds
at 31
March
2022
£
3,424
156,012
(1,937)
157,499

Page 19