Company registration number.. 05321062 Charity registration number.. 1109843 The MyT¢ad Centre Limited IA company limited by guarantee) Annual Report and Financ¢al Statements for the Year Ended 31 December 2024 The Myriad Centre Lirnitsd Contènts Reference and Adrninlslrative Details Trustees, Report 2107 Stslement of Truslpes, Responsibilities Independent Auditors, Report 91012 statement of Financsal Actsvities 13 Balance Sheet 141015 Slalement of Cash Flows 16 Notes lo the Financial Slalemenls 17to26 Tha Myriad CentTe Limitèd RefeTÈnc• and Administratlve D•talls Chief Executive Offlcer Richard Whaleley Trustees Gillian Swindin Jan Butten￿orth Deiidre Myers Carol Shirfey Bawden John Vincent Michael Cartledg8 Mohammad Toqueer Erica Annette Lawry Strudley (resigned 18 February 20251 David Slrudley CBE Ire5igned 27 Augusl 20241 John Gibson lappoinled 2 De￿mber 20241 Secretary John Vincent Principal Office The Myriad Centre Sl George's Walk Worcester WR1 1QY Company Registratlon Number 05321062 Charity Registratlon Number 1109843 Auditor Ballards LLP Chartered Accountants Oakmoore Court 11C Kingswood Road Hampton Lovett Droilwich Worcestershirg WR9 OQH Page 1 The Myriad C•ntro Limited Truste•s' Report The trustees. some of whom a￿ directors for the purposes of company law, present the annval report together with the financial slalemenls of the charitsble company for the year ended 31 December 2024. Objoctives and activities Obje¢ts and aims The MyTiad Centre is a not for profil charitable organi5alion based in Worcester whose aims aTe to provide daytime support and facilits'es lo adults and young people with Profound and Multiple Leaming Disabiliti8S that affect every lacel of their lives. We provide the highest quality speclalisl care and development opportunilies. challenging limitations and combating loneliness. These essential support services for families. provided in a Day Centre environment for clients from youth lo maturity. are delivered in contractual partnership ￿th the local authority Social Care Team and through agreements with the NHS Continuing Healthcare commissioners. The Centre is run by professional and experienced staff who are dedicated to providing a caring, safe and responsive seryice of the highest standard lor the well-being and recreation of ils ¢lients. Page 2 The Myriad Centro Llmltsd Tru5tees' Report A¢hlevements and perforTnance 2024 was the second year of the tnjslees, three-year slr8tegic plan for the Mynad Centre and good progress was made on the five strategi¢ objectives. The issue which On￿ ag8in look up the rnajority of tsme and focus of the trusteès was the need lo provide 5uilable long.term accommodation for the Cenlre. Afthough planning p8rmission lo rebuild the premises al St Georges Walk was finally granted in April 2024, the experiencè of delivering the service in significantly larger premises than the rebuild would offer. coupled with the changing needs of client5 (increased demand lor one-on-one patient care, need to accommodate larger mobility equipment elcl led the trustees to ¥econsider their accommodation plans. Over the last 12 months there has been a renewed search for premises which will enable Myriad to provide the be51 possible lacililies for clients and allow fDr further growth of the service. Al the l¢me of writin9, a number ol options are being considered, in¢luding through disGussion wth the County Cgunal who recognise the importance of the service Myriad provides. In the meantime, (he charity has secured an extension lo Ihe lease of the Greenhill Lodge premises until the end of 2025. Statutory ftjnding lor the setvice continues lo f811 behind cost of provis4on. A further rise in the National Living Wage as well as the increase to National Insurance costs present financial challenges. Vvhile statutory funding Covers ba51C ¢OSts - providing client numbers are maintained at an optimum level il does not fund the level of developTnent Myriad seeks lo offer its clien15 through a range of therapies and a¢tivilies. Fundraising therefore continLJes to be ol critical Importan￿ and the Iruslees are grateful lo the many grant-making trusts and individual donors who have conlribulgd to the charity during the year through the provision of both unrestricted and restri¢led funds. Our fundraising consultant has made a considerable contribution lo the development of networks and systems lo secufe additional funds and raise Myriad's profile. Among other events, our Summer Fundraiser event involving a sponsored wheelchair ride through the local park wa5 8 particular success not just for the funds it generated bul for the joy it brought lo clients, all of whom were delighted lo be piesonted with a medal and Certificate. A real highlight in the year was the successful bid lo secure a grant from the Lottery "Rea¢hing Cornmunilies" Fund commencing in January 2025 and totalling £350K over th￿e years. This funding is aimed at developing the chanty to ensure ils long-term sustainability and a programme of work is already under way lo deliver the changes required. The Iwstees wish lo thank the Chief Executive, the fundraising team and all those associated with the bid for their hard work resulting in this amazing success. As previously reported, we sadly experienced the death of a client earfy in 2024 and there was a further client death later in the year. The loss of these clients, who have been wilh Ihe charity for many years, is keenly lelt by staff and trustees. Bereavement support has been provided to staff. Changing client numbers due to loss and sickness absence of clients has an immediate impact on the funding of the charity. Client recruitment therefore became a key goal in 2025 and staff worked hard lo increase nurnbers through school vi511s and Open Days. These efforts have mel with considerable success," numbers have already increased to an average of 16 a day and MyTiad 15 now looking forward lo welcoming approxim8tely 20 dients 8 day when a number of young adults leave school in July 2025. This recwitmenl has been helped by the provision of a Holiday Club for sch(K)I pupils aged 16 - 19. The CSub is highly valueil as an inlroduclion lo the service as well as for the provision of resplte for parer5ts and carers. Page 3 The Myrlad Centre Limited Trustees, Report The range of therapies and activities provided al the Centre expanded and tjeveloped during the year, meeting another of the strategic goals of the charity. Physiolherapy continues to be provided by Myriad's specialist physiotherapy partner as well a5 hydrotherapy, swimming, Rebound therapy, usi¢ elc. A wde range of activities 8nd excLJrsions is now offered lo clients from 'Painl your own Potterf in collaboration with Ihe Museum ol Royal Worce51eT and gardening at Spelchley Gardens through lo cyding al Evesham. Clients have been able lo partlGipate in activities and experiences which formerly would have seemed impossible. In July 2024 we look delivery of iwo new minibuses, replacing vehides which had become increasingly Costly lo maintain due lo age. They have been financed on a lease hire ba515. stafflng In April 2024 3 fulllime Client Care Development Manager joined Mynad. The charity now has a strong senior management team bringing a broad range of skills and experience to the organisation. From early 2025 a new care management structure has been implemented. leading lo improved support for both clienls and staff and expansion of the range of opportunitres open to clients. The ability to rÈcruil retain high quality staff has also improved compared with 2023. Public benÈflt The Ctsnlre is run by professional and eXperien￿d staff who a￿ dedicated lo prowding a caring. safe and Tesponsive service ol the highest standard for the well-being and recreation of ils clients. The trustees confim that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public bènefit guidance published by the Charity Commission for England and Wales. Pagè 4 The Myriad Centre Limited Trusteas. Report FSnancial review The Myriad Centre reported a loss for the year of £147,118. Lower client numbers dLse lo loss and sickness, particularly in the first half of the year, had a severe impact on the Charity's financial perfomiance in 2024 Goupled with the ongoing challenges raised by inflationary pressures in all cost areas. The 2024 accounts also reflect the write off of the remaining bal8n¢e sheet value of i15.leasehold improvements at Sl George's Walk as the Board fell it was prudent lo deem these lo be incl%Jded in the value of Ihe property wh8n purchased in 2023. Th8 impact of thi5 in the a¢counts is £60,384. However, our financial performance ha5 seen a gradua5 improvement over the last slx months. Our drive lo recruit more ¢lients has seen numbers increase towards the end of 2024 and this has continued into the first half of 2025 with the Genlre operating al a surplus for the first six months of the year. We continue to IoDk al all areas of incorne geneialion to cover these ongoing challenges and our longer lemi plans mentioned èlsewhere in this report form an important part of this overall slrntegy. Despite the loss experien¢ed in 2024, the improvements during the latter part of the year and the beginning of 2025 mean our BaSance Sheet value and reserves at the end of 2024 remain stable. C8sh reserves also remained fairly constant with a nel cash position al the end of DeCem￿r 2024 of £172.211 12023 - £266,80518xcluding all restrictèd reserve commitments which, in line with our r9serves policy, will piowde 5uffi¢ignt cover for our ongoing operational costs and development plans lor the Centre in 2025. We regularly review our financial position not only historically bul also in the preparation of fvjlure fore¢asls to ensure our cash reserves are sufficient lo cover.. our projected operational costs for al least three months all anlicipaled future capital c051$ to support any of our strategic developmenl plans any unforeseen cosis or circumstances The Board considers this policy appropriate lo provide the necessary financial stsbility of the Centre. Page 5 The Myriad Cantre Limited Trustees. Report Governance During 2024 The Myriad Centre had 9 Iruslees with a range of expertise and experience including, lundraislng. human resources. healthcare delivery, finance, legal and Gomm8rcial management. The membership of the Trustee team is ￿gUlarlY reviewed lo ensure the appropriate combination of skills and experience to SUPPDrt the leadership and development of the organisalion. In addition lo quarterly Board meetings, various sub-committees meet at regular intervals lo considèr specific areas in MO￿ depth, allowing the full Board meetings lo keep g slral8gi¢ focus. During 2024 following a period of ill health, the Chair resigned from the Board and was succeeded by the Vice Chair who had previously provided interim support during the Chair's absence. Aside from this, Board membership remained stable during the year. ￿rith all trustees actively engaged and in high attendance al quartedy board meetings, committee meelings, and the AGM. The Resources, Care and Income Generation commiltees all maintained detailed oversight of their areas of responsibility. Early in 2024 trustees completed a skills audit which has helped infom) the work of the Nominations Committee as well as trustees. development needs. The Project Oversight Group, sel up lo oversee the rebuildin￿relocation of the Centre, was superseded by an Accommodation Committee, tasked with ¢onsidering all options for the purchase or rental of premisas. Nature of governing document The charity is controlled by its Memorandum and Articles of Association d81ed 24 December 2004 las amtrnded on 31 August 20211, with subsequent Speaal Resolutions, and conslilules a limited cJ)mp8rby, limited by guarantee, as defined by the Companies Act 2006. Rgcrultment and appolntmenl of tru5tee5 Trustees are lo¢al to the area and a￿ recruited through advertisement and personal recommendation. They are electeil based on the skills, knowledge and experience appropriate lo the development and best interests of the organisalion. Page 6 Tho Myrlad Centro Limited Trustees. Report Major risks and management of those rlsks The trustees have a duty lo identify and review the risks to which the charity is exposed and lo ensure appropriate Controls are in place lo provide reasonable assurance against fraud and error. All risks lo which thè charity 15 exposed and thè maintenance of 8ppropri8te controls to provide rgasonable assurancè against fraud and error are monitored and managed through a Risk Register which was revised and relaunched in 2024 and is reviewed by the sub-commillees and Board 8a¢h quarter. In conclusion, Iruslees would like to express their appreryalion of the hard work and cornmilmenl of the Chief Executive, managers and staff team which has pos11ioned the ¢harity well for the future growth and conts'nued development of 8 high ¢lass service to clients and families. The annual report was approved by the IriJ51ees of the charsty on b¢half and signed on ils Jo n Vincent mpany Secretary and Trustee Page 7 Tho Myriad Centre Limited Statemènt of Trustees. Re5ponslbllltle$ The trustees (some of whom are also the directors of The Myriad Cenlre Limited for the purposes of company law} are Tesponsible for p￿parIng the Iruslees, report and the financial statements in accordance with the United Kingdom AccDunling Standards (United Kingdom Generally Accepted Accounting Practice) and applicable 18w and regulations. Company law requiTes th8 trustees to prepare financial ststements for each financi31 ￿ar. Under eompany law the trustees must not approve the financial slatÈm8nts unless they are satisfièd that they give a true and fair view ol the slate of affairs of the charitable company and of Ils incoming resources and application of resources, including ils income and expenditure. for that period. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and apply them consislenlly; observe the methods and principles in the Charities SORP; make judgemenls and eslimales that are reasonable and prudent., slate whether applicable UK Accounting Stsndards have been followed, subjecl lo any material departures disclosed and explained in Ihtr financial stalemenls,. and prepare the financial slaleffjents on the going concem basis unless il is inappropriate lo presume Ihal the charitable company wll continue in business. The Iruslees are responsible for keeping adequate accounting records that are suffi¢ient to show and explain the charitable compan(s transactions and disclose with rèasonable accuracy al any lime the financial position of the charitable company and enable them lo ensure that the financial slalements comply with the Companies A¢t 2006. They a￿ 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. Appr d by the tru tees of the charity on an&signed on its behalf by.. L-L n Vincent mpany Secretary and Trustee Page 8 The Myriad Centre Llmlted Indgpendent Audltor's Report to the Members of Th• Myriad Centre Limited OpinFon We have audiltrd the financial statements of The Myriad Centre Limiled (the 'charity'l for the year ended 31 December 2024, which Comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes lo the Financial Stalernenls. including a summary of signiticanl accounting policies. The financial reporting framework that ha5 been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law Iuniled King(Jom Generally Accepted Accountrng Practi￿1. This report is made solely to the charitable company's tnjslees. as a body, in accoTdance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charity's trustees those matters we are required lo slal8 lo them in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees a5 a body. for ouw audit work. for this report, or lor the opinions we have formed. In our opinion the financial ststements.. give a true and fair view of the slate of the charity's affairs as al 31 December 2024 and of its results for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and hav8 been prepared in aGGordance with the requiremen15 of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Inlernational Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under Ihose standards are further described in the Auditorfs responsibilitses for the audit of the financial statements section of our report. We are independent of the charity in accord8n¢e with the ethical requirements that are relevant to our audit of the finanGi81 staternenls in the UK, including the FRC'S Ethical Sl8nd8r(J, and we have fulfilled DUT Other ethical responsibilities in accordance wlh these requirements. We believe that the audit evidencè we have obtained Ss sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going ¢on¢ern We have nothing lo report in respect of the following matters in relation lo whith the ISAS IUKI require us lo report to you where.. the trustees use of thè going concem basis of accounting in the preparation of the financial statements is not appropriatè., or the Iruslees have not disdosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability lo Continue to adopt the going concern ba515 of accounting for a period of al least twelve months from the date when the financial slalemen15 are aulhorised for issue. Other Informatlon The trustees are responsibl8 for the other information. The other infomiation comprises the infom)alion included in the annual report, other than the finan¢ial statemenis and our auditor's report thereon. Our opinion on the financial statements does not cover the othèr information and, except to the exlenl olherwisg explicitly slated in our report. we do not express any form 0¢ assurance conclusion Ihereon. Page 9 The 14fjyriad Centre Limited Indopondent Audltor's Report to the Member5 of The Myrlad Cgntr8 Llmlted In connection with our audit of the financial stalemenls, our responsibility is to read the other information and. in doing so, consi(Ser whether the other information is materially inconsislenl with the rinancial Statements or OLtr knowledge obtained in the audit or otherwise appears to be materially misslaled. 11 we identify such material in¢onsislencies or apparent material misstatements, we are required lo determine whether there is a malerial missialemenl in the financial statements or a material misslalernenl of the other information. If, based on the work we have performed, we condude that there is a material misstalement ol this other information, we are required lo report that fact. We have nolhing to report in this regard. Matt•rs on which we are rèquired to report by exception In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identrfied material misstalernenls in the Trustees, Report. We have nothing to report in respect ol the following rnall8rs where the Charities Act 2011 r￿UIreS us lo report lo you if, in our opinion.. adequate accounting re￿rdS have not been kept, or relurns adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and ￿tUrnS. or certain disclosures ol Iruslees revnuneration specified by law are not made., or we have nol received all the infomiation and explanations we require for our audit. Responslbllities of trustees As explained more fully in the Slalement of Trustees, Responsibilrties Iset out on page 81, the Iru51ees are responsible for the preparation of the financial sialemenls and for being satisfied that they give a true and fair view, and for such inlem81 control as the Iru51ee5 delemiine is ne￿SSary lo enable the pieparation of financlal ststements that are free from material misslalemenl, whether due to fraud or efror. In preparing Ihe financial statements, the Irusletrs are responsible for a5ses5ing the charitls ability to conlinue as a going conGern, disclosing, as applicable, matters related to going ¢on¢ern and using the going ¢on¢em basis of accounting unless the Iruslees eilher intend lo liquidate the charity or to cease operations, or have no realistic allernalive bul lo do so. Page 10 The Myrlad Cgntre Limited Independent Auditor's Report to the Members of The Myrlad Centre Limlted Audltor's responsibllltles for the audit of the financSal statements Our objecllves are lo obtain reasonable assuiance about whether the financial statemen15 as a whole are free from material misstatement. wheiher du& lo fraud or error, and to issue an auditorfs report Ihat includes our opinion. Rtrasonable assurance is 8 high level ol assurance. bul Is not a guaranlee that an audit conducted in accordance with ISAS IUKI will always delecl a material rrisstslemenl when il exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in the aggreg8te, they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. As part of an audit in accordance with ISAS IUKI. we exercise professional judgement and mainlaln professional scepticism throughout the audit. We also.. Identsfy and assess the risks of material misslalemenl of the f1nancial statements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriale to provide ¥ basis for our opinion. The risk of not detecting a material misslalemenl resulting from fraud is higher than for one resulting from error, 8s fraud may involve collusion, forgery, intentional omissions, rnlSTepresentstions, or the override of inlemal control. Obtain an understanding of inlemal control relevant lo the audit in order to design audit procedures that are appropriate in Ihe circumstances. but not for the purpose ol expressing an opinion on th8 effectiveness of the charity's intemal control. Evaluate th8 appropriateness of 8ccovnting policies used and the reasonableness of accounting eslimales and relaled disclosures made by the Iruslees. Conclude on the appropriateness of the trustees use of the going con￿rn basis of accounting and. based on the audit evidenG8 obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubl on the charity's ability to continue as a going Concern. 11 we conclude that a material uncertainty exists. we are required lo draw altention in our auditor's report lo the related disclosures in the financial slalements or, if such disclosures are inadequate, to rnodify our opinion. Our cDn¢lusions are based on the audit evidence obtained up to the date of our audilorfs report. However. future events or conditions may cause the charity lo cease to continue as a going concern. Evaluate the overall presentation, stmcture and content ol the financial statements, including the disclosures, and whether the financial statements represent the underlwng transactions and events in a manner that a¢hieves fair presentation. Obtsin sufficiént appropriale audit evidence regarding the financial information of the entities or business actiwties within the charily to express an opinion on the financial slalemenls. We are responsible for the direction, supervision and perfomiance of the charity audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other mallers, the planned scope anLI liming ol Ihe audit and significant audit findings, induding any significant deficiencies in internal control that we identify during our audit. Page 11 The Myriad Centre Limlttd Indopend•nt Audltorfs Report to the Members of The Myrlad Centre Llmlted M A Skellum (Sfynior Statutory Audltorl For and on bèhalf ol BaHard5 LLP. Sl*ulury Auditor Oakmoore Court 11C King$￿I00d Road Hampton Lovett Droilwich WoTcester5hlrè WR9 OQH Page 12 The Myriad Centre Limited Statement of Flnanclal Actlvities for the Year Ended 31 D•cember 2024 Ilncludlng Income and Exp¢ndlture Account and Statement of Total Re¢¢gnls8d Gains and Lo55esl Unrestrlctèd funds Restricted funds Total 2024 Noto Income and Endowments from: Donations and legaaes Charitable activities Investment income Other income 26,225 713,731 107,600 133,825 713,731 5,684 2.208 2,208 Total Income 747.848 107,600 855,448 Expendlture on: Charitable aclivilles 947,668 54.899 1,002,567) Total Expenditure 1947,668 {54.8991 1,002,567) Nel {expendilure)fincome Transfers between ftjnds 1199,8201 313 52,701 313 1147,1191 Nel movement Sn fvnds 1199.507} 52,388 1147,1191 Reconcili8tl¢n of funds Total funds brought forward 868,263 176,939 1,D45,202 Total funds Carried forward 19 668,756 Unrestricted funds 229,327 Restricted funds 898.083 Total 2023 Note Income and Endowments fr¢m: Donations and legacies Charitsble activities 43,165 636,268 100,390 143,555 636,268 Total Income 679,433 100,390 779.823 Expendllure on: Charitable activities 704,8791 157,204 762,083 Total Expenditure 704,879 57,204 (762.083) Nel lexpenditurellincome Transfers beiween funds 125,4461 33,448 43,186 33,448 17,740 Nel rnovemenl in ftjnds 8,002 9,738 17,740 Reconciliatlon of funds Total funds brought forward Total funds carried forward 860.261 167,201 1.027,462 19 868,263 176,939 1,045,202 l of the charity's aclivitles derive from continuing opgralions duling the above fv40 periods. Pag8 13 Tha Myriad Centre Llmlted (Registratlon number: 053210621 Balancè Sheet as at 31 Decèmbèr 2024 2024 2023 Note Flxod assets Intangible assets Tangible assets 12 13 3.790 602,553 5,388 554.145 606,343 559,533 Current assets Debtors Cash al bank and in hand 14 59.656 399,538 72.725 443,744 459,194 516,469 Creditors- Amounts falling dug within one year 151,461 30,800 Net current assets 407,733 485,669 Total asset$ less current Ilabllities 1,014,076 1,045,202 Creditors: Amounts falllng due after more than one year 16 115,993 Net assets 898,083 1,045,202 Funds of the ¢harlty: Restricted funds 227,327 176.939 UnrÈstrictod income funds Unrestricted funds 670,757 868.263 Total funds 19 898,084 1.045.202 For the financial year ending 31 December 2024 the charity was entitled lo 8x8mptson from audit under section 477 of the Companies Act 2006 relating lo small ¢ompanies. Trustees. Tesponsibilities-. The members have not required the charity lo obtsin an audit of ils accounts for the year in qlteslion in accordance with section 476., and The directors acknowledge their responsibilities for complwng with the requirements of the Act with respect lo accounlSng records and the preparation of 8ccounls. These accounts have been prepared in a¢wrdan￿ wth the provisions applicable to companies subject lo the small cornpanies regime. These finan¢ial slalemenls have been audlt8d under the requirements of Section 144 01 the Charities Ac12011. Page 14 Th8 Myriad Contre Limlt•d {Regislration number: 053210621 Balanc• Sheet as at 31 Decembor 2024 The financial statements on pages 13 10 26 were approved by the Iruslees. and aulhorised lor issue on ................. .. and signed on their behalf by.. Jo iiieenl mpany Secretary and Trustee Page 15 The Myriad Centre Limited Statement of Cash Flows for tho Yoar Ended 31 December 2024 2024 2023 Note Cash flow5 from operating activitlès Nel cash lexpendilureyincome Adjustments to cash flows from non. Page 24 Thè Myriad Centre Limrted Notes to the Flnanclal Statamants for the Year End•d 31 Docember 2024 18 Commitments Capital commitment$ The lolal amount contracted for bul not provided in the financial slalements was £Nil {2023 £Nill. Other financi81 commitments The lot81 amount of other financial commitments not prowded in the financial slalemenls was £Nil 12023 - £52,500). This relates to a lease of land and building 19 Funds Balance at 31 DeGember 2024 Balance at 1 January 2024 Incoming Resources resources expendèd Transfars Unrestricted funds General General fund 868.263 744,164 1941.9831 313 670,757 R•stricted funds General reslricled 176,939 105,600 227,327 54,899 313 Tolal funds 1,045.202 849,764 996,882 898,084 Balan¢9 at 31 December 2023 Balance at 1 January 2023 In¢omlng Resources resources expended Trans￿r$ Unrestricted funds General General fund 860,261 679,434 1704.8801 33.448 868,263 Rèstricted funds Capital reserve General restricted 2.000 165,201 12,0001 131,4481 100,390 57,204 176,939 Total restrlcted funds 167,201 100,390 57,204 33,4481 176,939 Total funds 1.027,462 779.824 762,084 1,045,202 P8gè 25 The Myriad Centre Limited Notes to the FSnan¢lal Statements for the Year Ended 31 December 2024 Restricled ftjnds relate lo various donations which have been received specifically lor projec15 whi¢h are expected lo commence after January 2025. 20 Analysls of nat assets between funds Unrestricted funds Restrl¢t8d funds General Total funds Intangible fixed assels Tangible fixed assets Current assets Current liabilities Creditors over 1 year 3,790 602.553 231,867 151,4601 115,993 3,790 602.553 459,194 151.4601 115,993 227,327 Total nel assets 670,757 227,327 898,084 21 Analysis of net funds At31 December 2024 At 1 January 2024 Cash Ilow Cash al bank and in hand FinanGe leases and hire purchase contracts 443.744 144,2061 {141,226} 399,538 1141,2261 Nel debl 443,744 1185.432} 258,312 22 Related party transaction$ There were no related party transactions in the year. 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