2023-08-31-accounts

Charity Registration No. 1109392

Company Registration No. 05034302 (England and Wales)

THE KING'S CHURCH DURHAM

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

THE KING'S CHURCH DURHAM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	K M Jacklin
	Dr P D Morley
	A B F Weir
	Dr M A Bonnington
	A M Rose Retired
	Dr A Millard
Secretary	I P Creasey
Charity number	1109392
Company number	05034302
Registered office	30 Fieldhouse Lane
	Durham
	Co. Durham
	England
	DH1 4LT
Independent examiner	Stephen Lamb, FCA
	12 Bessemer Court
	Hownsgill Industrial Park
	Knitsley Lane
	Consett
	Co Durham
	DH8 7BL

THE KING'S CHURCH DURHAM

CONTENTS

	Page
Trustees' report	1 - 6
Independent examiner's report	7
Statement of financial activities	8
Balance sheet	9 - 10
Notes to the financial statements	11 - 21

THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2023

The trustees who are also directors of the charity for the purposes of the companies Act 2006, present their report and financial statements for the year ended 31 August 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The objectives of the charity and company are:

• The advancement of non conformist Christian religion:

• The relief of poverty or hardship of people in need by the provision of funding, facilities and equipment;

• The advancement of Christian education by the funding and provision of training, scholarships and bursaries;

• Any other charitable purposes as the Trustees in their absolute discretion shall think fit.

Public Benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees confirm that they have complied with the legal requirements relating to public benefit as published in the Charities Act 2011.

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THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

Significant Activities

In pursuit of these objectives, the company engaged in the provision of the following activities:

Sunday Worship

51 Sunday morning Church Services with 50 of them live-streamed. At all services God was worshipped and the Bible was read and taught from.

• 30 in person evening Sunday services.

• We continued to adapt the Family Worship we had started as a separate service during COVID19 To incorporate it as part of morning Church service.

• Running a group for the discussion of Christian faith and ethics ;

• Running a group for parents and preschool children;

• Running community fun days in the local area;

• Relieving poverty through donation of funds to Christian organisations working with people in need;

• Running a lunch club and youth group jointly with a local community centre;

• Running a befriending scheme for elderly and isolated people in the Sherburn Road area of Durham.

• Providing meals to congregation members before some of our Church Services;

• Supporting a missional community on a local council estate, including hosting Church Services on the estate for members of the community.

-Including Small group meetings for Bible study, discussion and prayer and Medium size meetings for corporate prayer and worship.

• An internship year and subsequent Ministry Trainee Programme of theological teaching, mission and practical service to the church and the community.

• Continuing to support a family from within the congregation to France with financial support from the church.

• Running assemblies and lunchtime groups in local schools;

• Meetings for children in years 1 to 9 during the Sunday morning service;

• Meetings for young people in years 10 to 13 outside of the Sunday morning service;

• Meetings for university students outside of the Sunday morning service;

• Publicising the message of the Gospel through open air meetings;

All activities were conducted with careful compliance to government COVID19 regulations and recommendations.

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THE KING'S CHURCH DURHAM

FOR THE YEAR ENDED 31 AUGUST 2023

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

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THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

Achievements and performance Charitable activities

The trustees consider the achievements of the church during the year to be:

• The continued growth and ethnic and social diversification of the number of Durham residents attending Sunday meetings at King's Church Durham.

• The continued growth in the number of small midweek groups.

• The continued flourishing and growth of three cluster groups

• medium sized meetings for students which allow a greater degree of participation than a term-time Sunday meeting.

• Running activities which support international students with friendship and other assistance in settling in Durham.

• Running the Eighteenth Internship Year in which two people spent a year receiving theological teaching, performing practical service to support the public Sunday meetings, working in the community on practical projects, preparing resources for the small groups, working on outreach projects with other churches in the UK.

• Community projects including providing fun sporting events for young people, social events for older people and gardening for people unable to do their own.

• The twelth year of the School of Theology, a structured programme of teaching delivered to the interns over the course of their year and also made available to others over a year or two-year period;

• The continued work of the Achor Community in which a network of committed volunteers from the congregation and/or volunteers expanding to the whole of the community in the Sherburn Road area of Durham, establishing intentional Christian community, serving the people of the Sherburn Road area and modelling missional Christian community;

• The support of a free church chaplain working at mental health trust in the region from the associate staff team

• The continued cooperation with St John's Parish Church, Neville's Cross, in the joint LOL youth ministry which mainly consists of midweek activities for young people in Durham ;

• Four staff members studying for MA qualifications as part of their work and training within the church;

• The baptism of eleven members of the church congregation in public church meetings on confession of their Christian faith through the course of the year;

• The continued support and oversight of various activities and groups outside our Sunday services, both local to Durham and on overseas mission trips partnering with other churches and organisations. These activities encourage exploration of Christian faith particularly among those who, for a variety of reasons including social exclusion and poverty, would be less likely to come to Sunday services.

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THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

Financial review

Financial Position

The results for the financial period are set out in the Statement of Financial Activities.

Overall the charity received income totalling £498,505 (2022: £412,976) with expenditure on charitable activities (including other costs) £475,988 (2022: £526,088), resulting in a net surplus of funds at 31 August 2023 of £22,517 (2022: Deficit £-113,112).

Total funds at 31 August 2023 are £170,008 (2022: £147,491).

Reserves Policy

The trustees aim to retain between ten and twenty five weeks of running costs in the reserves.

Future Plans

The charity will continue to pursue the significant activities noted in this report with an aim to improve cash flow. There are no plans for any significant capital expenditure in the foreseeable future.

Structure, governance and management

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

K M Jacklin

Dr P D Morley

A B F Weir

Dr M A Bonnington

A M Rose Retired

Dr A Millard

Company Secretary

I P Creasey

Recruitment and appointment of new trustees

The trustees consider annually the question of appropriate new trustees from within those with appropriate skill set within the church congregation.

The trustees' report was approved by the Board of Trustees.

Dr M A Bonnington

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THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

Trustee

Dated: 14 May 2024

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THE KING'S CHURCH DURHAM

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE KING'S CHURCH DURHAM

I report to the trustees on my examination of the financial statements of The King's Church Durham for the year ended 31 August 2023.

Responsibilities and basis of report

As the trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Company 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 the Company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements 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 financial statements 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 financial statements to be reached.

Stephen Lamb, FCA

Member of The Institute of Chartered Accountants England and Wales 12 Bessemer Court Hownsgill Industrial Park Knitsley Lane Consett Co Durham DH8 7BL

Dated: 14 May 2024

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THE KING'S CHURCH DURHAM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 2 380,752 48,056 Charitable activities 3 54,727 14,970 Total income 435,479 63,026 Expenditure on: Charitable activities 4 411,882 62,606 Other 9 - 1,500 Total resources expended 411,882 64,106 Net income/(expenditure) for the year/ Net movement in funds 23,597 (1,080) Fund balances at 1 September 2022 16,614 130,877 Fund balances at 31 August 2023 40,211 129,797

Total Unrestricted Restricted Total funds funds 2023 2022 2022 2022 £ £ £ £ 428,808 310,989 15,529 326,518 69,697 52,140 34,318 86,458 498,505 363,129 49,847 412,976 474,488 486,462 38,312 524,774 1,500 - 1,314 1,314 475,988 486,462 39,626 526,088 22,517 (123,333) 10,221 (113,112) 147,491 139,947 120,656 260,603 170,008 16,614 130,877 147,491

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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THE KING'S CHURCH DURHAM

BALANCE SHEET

AS AT 31 AUGUST 2023

Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Net assets Income funds Restricted funds 15 Unrestricted funds	2023 £ 5,794 50,576 56,370 (10,981)	£ 150,094 45,389 195,483 (25,475) 170,008 129,797 40,211 170,008	2022 £ 9,221 20,740 29,961 (10,158)	£ 159,936 19,803 179,739 (32,248) 147,491 130,877 16,614 147,491

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AS AT 31 AUGUST 2023

THE KING'S CHURCH DURHAM

BALANCE SHEET (CONTINUED)

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 14 May 2024

Dr M A Bonnington

Trustee

Company Registration No. 05034302

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

Charity information

The King's Church Durham is a private company limited by guarantee incorporated in England and Wales. The registered office is 30 Fieldhouse Lane, Durham, Co. Durham, DH1 4LT, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

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

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property 2% on cost Improvements to Property 5% on cost Fixtures and fittings 33% on cost Computers 33% on cost Motor vehicles 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Taxation

The charity is exempt from corporation tax on its charitable activities.

2 Donations and legacies

Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 374,952 48,056 Other general grants 5,800 - 380,752 48,056	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 423,008 300,081 8,029 5,800 10,908 7,500 428,808 310,989 15,529	Total 2022 £ 308,110 18,408
		326,518

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

3 Charitable activities

	Religious	Religious
	activities	activities
	2023	2022
	£	£
Religious Activities	58,585	70,820
Charitable rental income	8,945	10,620
Other income	2,167	5,018
	69,697	86,458
Analysis by fund
Unrestricted funds	54,727	52,140
Restricted funds	14,970	34,318
	69,697	86,458

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

4 Charitable activities

	Religious	Religious
	Activities	Activities
	2023	2022
	£	£
Staff costs	260,956	263,661
Depreciation and impairment	9,843	4,495
Religious Activities	1,434	1,224
Insurance	2,827	2,470
Light and heat	3,916	2,350
Postage and stationary	201	344
Book/resources	1,074	897
Cafe and catering	18,846	13,072
Clothing	723	2,079
Conference fees	1,436	1,171
Consumables	92	25
Cleaning	338	323
CRB costs	13	13
Garden	21	-
Gifts and hospitality	2,416	3,674
Internet	1,254	1,473
Lease premises	11,573	11,397
Other charitable expenditure	114,257	170,221
	431,220	478,889
Grant funding of activities (see note 5)	41,828	44,733
Share of governance costs (see note 6)	1,440	1,152
	474,488	524,774
Analysis by fund
Unrestricted funds	411,882	486,462
Restricted funds	62,606	38,312
	474,488	524,774

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

5 Grants payable

	Religious	Religious
	Activities	Activities
	2023	2022
	£	£
Grants to institutions:
Grants to individuals	41,828	44,733
	41,828	44,733

6 Support costs

Support costs Governance costs £ £ Accountancy - 1,440 - 1,440 Analysed between Charitable activities - 1,440	2023Support costs Governance costs £ £ £ 1,440 - 1,152 1,440 - 1,152 1,440 - 1,152	2022 £ 1,152
		1,152
		1,152

7 Trustees

M A Bonnington received remuneration of £15,680 (2022: £14,415) for the year ended 31 August 2023 . These payments relate to his role as the senior leader which involves pastoral meetings, training and preparing for preaching and leading Sunday services.

K M Jacklin received remuneration of £28,108 (2022: £26,362) paid for the year ended 31 August 2023 These payments relate to her role of pastoral co-coordinator which primarily involves pastoral meetings.

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

8 Employees

The average monthly number of employees during the year was:

Employment costs Wages and salaries Social security costs Other pension costs	2023 Number 16 2023 £ 226,011 19,929 15,016 260,956	2022 Number 17
		2022 £ 238,537 8,769 16,355
		263,661

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

9 Other Support Costs

	Restricted	Restricted
	funds	funds
	2023	2022
Interest on long term loans	1,500	1,314
	1,500	1,314

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

10 Tangible fixed assets

Cost At 1 September 2022 At 31 August 2023 Depreciation and impairment At 1 September 2022 Depreciation charged in the year At 31 August 2023 Carrying amount At 31 August 2023 At 31 August 2022	Freehold property Improvements to Property Fixtures and fittings £ £ £ 133,313 44,554 71,095 133,313 44,554 71,095 23,949 6,683 60,028 2,666 3,116 3,652 26,615 9,799 63,680 106,698 34,755 7,415 109,364 37,870 11,067	Computers Motor vehicles £ £ 2,988 24,309 2,988 24,309 2,988 22,674 - 409 2,988 23,083 - 1,226 - 1,635	Total £ 276,259
			276,259
			116,322 9,843
			126,165
			150,094
			159,936

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

11 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 12 Loans and overdrafts Bank loans Payable within one year Payable after one year	2023 £ 4,140 1,654 5,794 2023 £ 31,594 6,119 25,475	2022 £ 8,165 1,056
		9,221
		2022 £ 37,713
		5,465 32,248

The long-term loans are secured by fixed charges held by Stewardship Services (Uket) Limited, over 49 Habgood Drive Durham, the amount secured is £48,649.

13 Creditors: amounts falling due within one year

Notes Bank loans 12 Other taxation and social security Accruals and deferred income 14 Creditors: amounts falling due after more than one year Notes Bank loans 12	2023 £ 6,119 3,422 1,440 10,981 2023 £ 25,475	2022 £ 5,465 3,541 1,152
		10,158
		2022 £ 32,248

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

1 ACHOR Ballinger fund Restricted Gifts	Movement in funds Balance at September 2021 Incoming resources Resources expended 1 £ £ £ 120,656 18,649 (8,428) - 7,500 (7,500) - 23,698 (23,698) 120,656 49,847 (39,626)	Balance at September 2022 £ 130,877 - - 130,877	Movement in funds Incoming resources Resources expended £ £ 14,970 (16,050) - - 48,056 (54,088) 63,026 (70,138)	Transfers Balance at 31 August 2023 £ £ - 129,797 - - 6,032 - 6,032 129,797	Transfers Balance at 31 August 2023 £ £ - 129,797 - - 6,032 - 6,032 129,797
					129,797

ACHOR project - arises from the income generated from the events held within the property owned by the charity.

Ballinger Trust fund is a restricted grant awarded for the purpose of supporting those in need within Sherburn and the surrounding community Restricted gifts are donations made by church members who specify to the charity what the donation should be used for.

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

16 Analysis of net assets between funds Unrestricted funds Restricted funds 2023 2023 £ £ Fund balances at 31 August 2023 are represented by: Tangible assets 34,104 115,990 Current assets/(liabilities) 6,107 39,282 Long term liabilities - (25,475) 40,211 129,797	Total Unrestricted funds Restricted funds 2023 2022 2022 £ £ £ 150,094 36,341 123,595 45,389 (19,727) 39,530 (25,475) - (32,248) 170,008 16,614 130,877	Total 2022 £ 159,936 19,803 (32,248) 147,491

17 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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