Charity iegistration number 1110067 (England and Wales) Cornpany reg15tratlon number 05382971 HEALTH EQUALITIES GROUP LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HEALTH EQUALITIES GROUP LTD LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Professor S Capewell Mr M Ainsworth Mr S laYer Dr B J Collin& Dr E B Anwar Dr A J Moore Mr J Nolan Ms C E Wolfenden (Appointed 1Q J8nuary 20251 (Appointed 29 May 20251 IAppolnt8d 1 Octob8r 20241 Socrotary Or M J I Philpcsli Charlly numbèr (England And Wal081 1110067 Company numbar 05382971 Reglgtered offlce 151 Dale Slrg91 Liverpool L2 2JH Auditor DSG Audit Castle Chambers 43 Castle Street Liverpool L2 9TL
HEALTH EQUALITIES GROUP LTD CONTENTS Pagg Trustees. report stat8rn9nt of trustees, r8sponslblllllgs 1ndÈpendÈnl audllovs r8POrt Siat8menl of linancial aclivili85 8a18nce sheet Note5 to Ihe financial 51alemenls 10.20
HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2025. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charitable company's Mernoiandurn and Arlicles ol Associats"on, Ihe Cotnpanie5 Act 2006 and Accounting and Reporting by Charities". St3ternent of Recornrnended Practs"ce applicable lo charits.es preparing their accounts in accordance with the Flnanclal ReportSng Slandard appllcable in the UK and Republlc of Ireland IFRS 1021 lefleclive 1 January 20191.. Objectives and activitie The oblecllves ar8 lo undertake res8ar¢h, pollcy chang8 a¢lSvllles and education programm8s In rela11Dn lo th& prevgnllon of non-communicable disea58s and reduction of health inequalities in, bul not limilgd to, the United .gdOm. The charity has nurnber ol wwers including.. To promolg o h$althl$r 9nvlronm¢nl wh9rg prtrmalurtr (J$ath ond di$abSlily from CVD and NCDS rngy bg r9du¢¢d and health inequalili&s in different Cial and other regions may be addressed,. To promote or carry out SearCh., To provide 8dvi¢tr and advocacy sarvices and, subjtscl lo charity law, to underiaka c8mp8igning and polili¢818¢1ivilies in furtherance ol the Objecis. Th898 ptswers 8rts op8n lo scrutiny by 811 our partners. Publlc 8•n•fl¢ The trustees have paid due regard 10 9uidance Issued by th8 Charity Commisson in d•riding what actiwlies the charitable company shoul(J undeftake. Slgnlflcant actlvlt1•5 and achl8vam•nts agalngt oblectlvg5 Health Equalitlès Group Ltd IHEGI r8mains primarlly an advocacy organlsatlon with most prolecl d8liv8ry and sèrvice provision through its partner social enierprises.. HOM Partnerships Community Intèrest Company and the European He8lihy Stadia NeorK Community Interest Company. Profits from both these organisalions, as appropriate, ar8 girt-aided to HEG to support our charitable benefit as described above. The performance reports below represent this. HOM Partngr$hlps HOM Partnerships IHOMPI is a Communrty Int8r8sl Company own8d by HEG, and acts as th8 delivery arm of Iho charity lor publlc hèalth prol@cls. HOMP dÈllvers public hèalth InlÉrvÈntlons at bolh local and règlonal lèvèl wilh 8 locus on risk factors that conlrlbut8 to non-communScable dls8as&s, and work addr•sslng wld8r det8rmlnanls of health and h8allh In8qualit18S. HOMP d•livers the Food Adv8 programmè lor th8 North W8st of England and bayond. This y6ar has been a Pos.¥8 year for HOM Partnèrships with significant r8gional and natlDnal suec0$s85, ineluding.. • Commissioning by 20 local auihorily public htralth laams in North Wost England to dtrlivtrr the Focd Acliva programrn¥ olwork, and support lor local authorfties Jcross many giOnS ol England in adoptlon of the klealthy Weloht D8claralion Conlinualion of a proj#ct funded by Cheshire & Mtrrs8ysidè Cancèr Alllane# taklng a wholè systèms approach to Overweight and obesity • Conlinuad delivery ol the NHS Prevention Pledge programm8 for NHS Cheshire & M8rseyside, working wlh all 16 providr trusts aeross th& sub.r89ion Delivery of a County-wide trojecl on healthier food environments for LanSire County Council Delivtrry of a ne'N programme lor schools ¢rtating hBallhier onvironments funded by NHS Chtshirt & Mersoyside Dtslivery DI the Why Weighl lo Talk training programme to local aulhorftitrs in Cheshirtr & Merseyside funded by th Beyond progr8rnme • Development ol a new regivn-wide Healthy Weighl Declaration lor the North East & North Cumbria region funded by the Integraled Care Board.
HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 European Hoalthy Stadla Network European Healthy Stadia N8twork IH&althy Sladial is a Community Interest Company owned by HEG and delivers public heallh intero8ntions for sports clubs and their stadia. 2nd d8V81op8 public h82lth guidanc8 to affect policy chang8. Achievernents and contrarts 101 2024-25 inejude.. • Delivery of GULP sugar drinks education prograrnme to ovèr 150 schools in both North West and South East England through football dub CornnnItY organisations Continue(I delivery ol 8 bystander intervention Iraining progr8rnme for sports coa¢hes in Merseyside funded by the Merseyside vionce ReduBlion Partn8rship. Financial review The trustees have reviewed HEG'S finances. including its reserves, throughout the financial year of 2024125. Despite Ihe inflationary prgssurgs on tha UK 00MY. th& Charity has ¢tsntlnu lo grow, gènaraling inc¥mg slrgam$ for the Charity once gain over the 2024125 financial year from bclh European Healthy Stadia Nemvrk 8nd HOM Partngr8hips. Trading conditions liav¥ beeii IniJi¥ favourgbl¢ ov¢r the la$1 12 iiioiillis ili tK)11)parisoii witti 2024125, willi tli¥ oiyaiii5olioii wiiinin9 a iiunib¢r or new long-lerm projects, 8nd continuing work on higher value projtscis during the financial year, For the year ended 31 Morch 2025. the charity has totol income arnounling lo £65.967 12024.. £116.2921 ond total exp9ndilure omounling lo £73.19412024,. £111,580). This h88 rgsullgd in a d91i¢il for the year of £7,22712024,. a surplus ol £vl,7121. At th8 year end, th8 charity has unrgstrict8d rgs8rvgs of £277,420 12024.. £285.9881 and rgstriGted r8sar¢es of £125,77012024.' £124,4491. The lotsl resetves as 0131 Mor¢h 2025 £403,19012024.' £410,417}. Managernenl charges relate lo costs across HEG, HOM Partnerships and European Healthy Stadia Nerk. Managgrnenl and adrnini3lralivg SUPPOrt costs are ghared acr08S th? or98nisats'on. As In Ihtr prgvlous ygar, th9 malorlly of Inc0rn9 has comg vSa HEG'S $o¢181 gnl£rprfs&$. R•s•rv•s pollcy 11 Is thg pollcy ol the charitablg Company (Heatth Equalltl8s Group) that fun¢J$ whlch havg not b88n d•signat8d oi rgstrlcled for a specific use should be maintained at a level equival8nt to al least Six tnonlhs. 8xpenditure. Surplus85 gen8rated by Healthy Stadia CIC should be maintained in a re51ricled fund lo support ils lulure growth and ¢0 mitigate against any polenlwl financial risks. This 188irict8d fund will bo 8quival•nt lo at least six monlhs, 8xpgnditur8. &v8n th8 r•duction in activrti88 al Healthy stadia CIC and thè n8#d to incras iesilitrnca across th8 Group by bullding unr#strlctad rèsèrvtrs at a lèv#1 equivalent lo six months expenditure, Health Equalities Group has released £10Ok of the Healthy Stadia CIC restricted r¥s•rv•s and movèd this lo unrèsliictèd r•s•rv•s. Hèalth Equaliti•s Group will also maintsin a s•par£t• D•signat¥d Rèse9 equivalent lo at least three rnonths expenditure to rnitigale against any lulure restructuring requirernents in light of any potential changes to its operating environment. The Trustees consider Ihal reserve5 81 this level will ensure that, in the event of a significant drop in lunding, they will btr ablo to cDnlinu¥ Health Equalilios Group's curronl actimlios whil8 corisidoration is glven to W8y5 In whlch addltlonal lun(Js may be ralsed. The level ol unreslrlcted reserves ha5 been tTh31ntalned throughout tre year. Free reserves are placed on low-risk Bank deposits in order lo generate an interest return for Health Equalitie5 Group, whilst onsuring sufficignl working capit81 is also m8inlain8d lo fin8nce day lo day operations. Rl$k a$$g$mènt HEG evalu8198 short and long-lerm risk through a formal risk register that is updated on a 4uart8rly basis and scrulinised by HEG Finance Group 1th any rnqor risks reported back lo the HEG Board. The Iruslees have assessed the major risks 10 whi¢h the Gharitsble company is exposed. and are satisfied that systems are in place to nmtigatp exposure to the major risks. Slruclure, govemance and management The th8ritable cotnpany 18 a Gotnpany limited by guararrtee, incorporated on 4 March 2005 and registered as a charty on 17 June 2005. The company was established under a Memorandurn ol AsSOClaticn, which established the object5 and powers of thè charitabl& company and is govarnèd under th8 Artlclès ol Assodation.
HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Th8 trust88s, who are a150 the dir8clors lor the purpose of compary law. and who 58rved during the year and up to th8 dale of signature ol the financial 5t8ternen15 were.. Prufessor S Capew&ll Ir M Ainsworth Nlr J Nolan Mr S Mayer Dr B J Collins Dr E R Anwar Dr A J Moore Ir J Nolan Is C E Wollèndtn (Appointed 10 January 20251 (Appointed 29 May 20251 (Appointèd 1 October 20241 R•crultm•nl and appolnlmonl of trust••8 Th8 trustees meet quarterly and are responsible for the rnanagemenl and strategic leadership of the charity. The Finance Group w85 previously chaired by Siephen Williams until he slotrd down from the role in AuguBI 2023. The Group ddvis#? uri HEG'& firidfiLltil tiffdifs tirid r#ports' (JirtrLlly tu tlit> trusl&b. Matthew Philpott, HEG s Chi8f Executive is responsible lo the Board ol Trustees for th8 managemenl and direth'on ol HEG. Auditor Th8 auditor, DSG Audil, is d88med lo be reappointed urKler section 481121 of the companies Act 201h. Dl$closur• of Informatlon io audltor Each ol tre trustee5 ha5 Confirm that there is no inloimation ol which they are aware which is relevant to the audit, bul ol which tho 8Jditor is unaware. Th&y h8vg 1(Jrthor confirmod that they have taken appropriatg stgps to identify such relgvant information and lo establish that Ihe auditor is aware of such information. Th8 trustèès, report was approvèd by th8 Board ol Trustèés. Profassor S C¥paw&ll Tru$t•• 4 Novombor 2025
HEALTH EQUALITIES GROUP LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 Th8 Irust88s, who are also th8 directors ol Health Equalili85 Group Lld for th8 purpose ol company law, ar8 r8spon5ible for preparing the Trustees, Report and the financial slaternt5 in accordanTr with applirable18W and Unrted Kingdom A¢¢ounting Slandards jUni¢ed Kingdom Génerally Atcepted Accounting Pradi¢o1. Company law requires the trustees lo prepare financial statements lor each financial year which give a true and lair view ol the slate of affairs ol the charitable company and of the incoming resources and application ol resources, including the income and expenditure, of Ihe charitable company for that year. In pi8paring these financial statetn8nts. the trustees are 18quir8d lo select suitable accounting policies and then apply them con51Stently,' observe the rnelhods and principles in the Charities SORP.. make judg8rn11Iils and asliiTialds that are r&asoiiablv and prudent.. state whether applleable UK Accounting Standards havè b88n followéd. subl•ct to any rnat8rial d•partur•s dlsclosed and ¢xplained in the financial stalomonts., and prepare th8 financial 51at8tn8n15 on the going concern basi$ unlèss 11 is inappropdata lo presum8 Ihal Ihe charltable company will Continue in operation. The trusleèg ar8 responsible for keeplng 8dequ8te accountlng rg¢ord$ that dis¢lose wilh rèasonablè 8¢cura¢y al any me the financial pts$ilion ol tha charitable tampany and ènable tham to &nrts thai the linaneisl slat8menl$ comply wrth thè Compan18s Act 2006. Thèy ar• also r8sponsibl8 lor SaIuardIng thè assèts of thè charfta)le company and h*ncè lor tang reasonable sttrps lor the prevention 8nd dete¢llon ol fraud 8nd other irregul8rilles.
HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Oplnlon Wts h8V& 8udited the finan¢ial stslamènls ol Health Equalilias Group Ltd Itho'¢hariiablts ¢omp¥ny'l for the yaar gnded 31 March 2025 which comprise th8 Stat&M8nt of financial activiti&s, th8 balance sh88t and th8 not8S to the fi'nanoial stal8M8nts, including 8 summary ol Signifint a¢¢ounling policies. The financial reporting framework that has been applied in their prgpar81ion is applicabb18w and Uniled Kingdom Accounting Siandardg. including Financial Reporting Slandaid 102 The Financial Reporting Standard applicable in tha UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pradi¢el. In our opinion, the financial staternenls.. give a true and lair view ol the slate ol the charitable company's affairs as at 31 March 2025 and of ils incoming r¢sour¢8s and application ol resour¢e$, including rts income and expènditure, for the year then endéd,. havé b88n property prèpar8d In accordanc8 wlth Unit8d Klngdom G8n8rally Acc8ptèd Accountlng Practlce.. and have been prepared in acc(rdance wrth the requirements of the copaNieS Act 2006. Basi8 for opinion We conducted our audrt in accordan wilh International Standards on Auditing IUKI IISAS IUKII and applicable law. Our r&8ponsibili1168 undor those Standards arts lurthar d8s¢rib$d in the Aiidilors 1&8ponsibilili&s forth& audil of the fin&n¢i&l stal&ments section ol our report. We are independent of the charitable company in accordance with the ethical requirements Ihat are relevant lo our audit ol the lingn¢io1 statements in Ihe UK, including the FRC'S Ethical Sl8nd¥rd, and we heve fulfilled our other elhic81 r8sptsnsibililies in ac¢ordanc8 with these roquirem$nlg, Wa boliev¢ that tho audit ¢vid8n¢e wg have obl8in&d is sulficienl and appropriate to provide a basis lor our op¥nion. Conclusions Telating to going roncern In audlllng th8 Ilnanelal slatam8nt$, we have eon¢luded that thè tru$lts86' use ¢1 thé golng con¢6m basls of a¢countlng In thè preparation ol Ihe linawial slal8m8nls is appropriate. Basèd on Ilw work n8va p8rforn. w4 h8vè not Idantlflèd any m8lèrlal uncèrt8lntl8a rèlatlnu to èV8nls or eondltlong that, individually or collec'Vely. may cast significant doubl on the charitable company's ability tD coniinue as a going concern lor a period of at least twelvè months Ir¢m whèn th8 Ilnanc581 $18t8ments arè 8Uthorised lor issu8. Our responsibilities and the responsibililiÈs ol the trustees wilh respect lo going concern we de6crib&J in the relevant se¢lions DI this report. Othgr Inlomiatlon The other information comprlses thè Infomiation included in the annual r&port other than the financlal statements and our 8udilor's report Ihereon, The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial slaternents does rrfjt cover the othar information and, except lo the extent otherwise explicitly slated in our roport, wè dD not èxprEss any form ol asgurantè conclLJsion thergon. Our rosponsibillty is lo rèad thè olhtsr information and, in oing $0. Consider whether the other inlormalion Is materially Inconslslenl wllh the financial slalemenls or our knowledge obtained in the course Df Ihe audil, or otherwise appaars to btr materially misstatad. If we idtrnlify such maltrrial inconsisten¢ies or apparent malerial misstalemenls, we are required to determine whether this gives rise ID a mgteri81 mlsslst8m6nt In th8 flnancSal statèménts thèmsèlvas. If, basÈd on thè work wè h8vé pèrformèd, wè concludè that thèré is 8 material misstaltrm8nt ol this ulher inlormats"on, we ar8 required io repL¥rt thal fact. Wè havè nothing lo roport in this regard.
HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Oplnlons on other rnattor5 proscrlbed by tho Companlos A¢t 2006 In our opinion, based on Ihts work undartakan in the ¢our8e of our audit.. the infomi8bon 9ven in the Iruslees, report for the fin8no81 yeor for which the finen¢i81 statements are prepored, which Indudes the directors. report prepared lor the purFwJses ol cotnpany law, Is consislenl with the Iinantsal staletnenls", and the directors. report included wrthin Ihe trustees, report has been prepared in accordance with applicable legal requirements. Mattèrs on which w• ar• r•qUIr to rèport by •xc•plion In the light of the knowkdge and understsndin9 01 the charitable ¢ompgny ond its environment obtained in the (xjurw of the audit, W8 hava not identified material mis8lalgmants in tha directors, report includad within the Iru$t869' report. We have nothing to report in respect ol the fdlowing matters in relation to which the Companies Act 2006 requires us to report lo you rf, in our opinion,. adequate accounting record5 have not been kept, or returns adequate lor our audit have not been received from br8n¢hes nol visrted by us,, Dr the linaneial statements are not in agreement with the accounting records and returns,. or ertain di5closure5 01 truslee5' remuneration sp8crfied by law are not made., or we h8v& not receiv8d 811 tha information and axpl8nations we requira lor our audit., tyr th8 Iiuslees ware not tsntilled lo pr8par& th8 financial slalemenls in accordance with the small ¢omp8nitrg regimts and take advantage ol the small companies, exernptions in preparing the trustees, report and from the requirement lo prepare o Strategi¢ report. R•sponslbllltlgs of trusteèg As explained more fully in the $18tement of Iruslees. responsibilities, the trustees, who 8re Blso the directors ol the ¢haritabl2 company for Ihe purpts8& ol company law, are respon8itl8 lor Ihts prop8ralion of the financial staltrrnenls and lor btring satisfied that they give a true and lair view, and lor such internal control as the trustees determine is necessary iD enable the prep8r8tion ol financial statements that are free from material misst8tement, whelher due to fraud or error. In preparing the financial slaiernenls, th8 Iruslees are r8sponsible for a8s89sing the charitable ¢ornpany's ability lo eonlinue as a going concern, disclc)sing, as applicdble, rnatters related lo going concern and using the going concem basis ol accounting unless the Iruslees either intend to liquidate the charitable company or lo ¢e8se operations, or have no reali$li¢ 8ltern81ive bul to do so. Audltor'$ re$pon$lblllll¢s for the audlt of th• flnan¢lal 8tatem•nt$ Our objects'ves are to obtain reasonabl8 assurance aboul whether the financial staiem8nt$ as a wholé are frte from material misstatement, whelher due to fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assuran-tr 1$ a high level ol 8ssur8nce bul Is not 8 guarantee Ihat an audit conducted In 8c¢ordance with ISAS IUKI will afvéays delecl material misstalemenl when il exists. Misstaleinenls can arise frorn fraud or error and are consid¥red material il. individually or In the aggregate, they could raasonably b# èxptrct8d to Inllunc8 thè 8conomic dtrcislons ol usr$ tak#n on th• basls ol these financial statements. Capablllty of the audlt In detectlng Irregularltles. Includln9 Iraud Irrè9ularits'es, including fraud, 81e in81anees ol non<0mlanCe with laws and regulations. We design procedures in line with our rtrsponsibililies, ouuined above. lo detect material misslatemtrnls in respecl of irrttgularilies, including fraud. The exltsnt lo vihich our pro¢eduw are ¢apable ol dele¢ts'ng Irregularities, including fratsd. is detailed below.
HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Discu55ions wlh and enquiries ol rnanagamEnt and thos8 charged wth governance were held with a vi8w to identilying those laws and regulation5 Ihat could be expected lo have a rnaterial irnpacl on the financial statements. During the engagernent iaam briafing. Ihe outcomès of Ihgse discussions and enquirios sharod with the loam. as well as consideration a5 to viher8 and how fraud tnay occur in the enlrty. Tha lollowiNJ laws and regulations wèr* idèniifi'ad as baing of significance lo thg •ntily'. Those law5 and regulatlOn5 considered to hawe a direct effect on the financial Statements Include UK financial reporting sland8rd5, Cornpany Law. Tax and Pensions legisl8lion, and Charity Law. Those laws and r8gulalion5 lor which non-cornpli4nce tnay b8 lundam£ntal lo Ihe Jp8rating aspects ol th8 charily and therefore may have a material ettect on the financial 5tatetnents include exjmpliance with charitable objectives, public benefit, fundraising regulatk)ns, safeguarding and health and salely legislation. Audit proc•durés undèrtaken in rèspons8 to the potèntial risks rèlatlng to Irrègularltlès Iwhlch ineludè fraud and non-compliance with laws and reoulationsl comprised ol.. inquiries of managcmenl and the Trustees as lo whether the eniity compli85 with such laws and r8yuldlions,' enquiri8s with Ihe 5arng concerning any actual or potenal Iiligation or clairng., inspection of relevant legal correspondence,. review of Trustee meeting minute5,' te51ing the awropri3lene55 of journal •ntries,' anl Ihe p8rformance of analyllcal réview lo idenllfy unoMp•cl•d mov8m8nts In account balances whlch may b• indicailv8 olfraud. No In8lanc8s of rnal8rlal non.compllance w8r8 Id8ntifl8d. How8vor, th81Skellhcod of d818Ctlng Irr8gularltla8, includlng fraud. Is lirnilud by th• inher8nl dilfiLulty In del8clln9 IrrguIritI8s, th8 &ffeclivèness of lh8 èrilily's controls, and Itri natur8. liming and extent of thè audit procedures pertormed. Irregul8rities th8t result frorn fraud might be inherently more difficult lo detect than irr8gularilies Ihal r85u11 from error. As explained above, there is an unavoidatle risk that material misslalemenls may not bè 8lècl8d. even though the audit h89 been planned and p&rformed in accordance with ISAS IUKI. A ftjrther desoriplion ol our responsibilities is available on the Financial Reporting Council's website al.. http8'.Ilwww,Irc,org.ukJaudilorsresponsibilili8¥. This do8¢riplion forms part ol auditor's ieport. Us• of our r•port This report is mad8 sol8ly to tha charitable cornpany's members, a5 a body, in accordance wlh Chapter 3 01 Part 18 ol the Companies Act 2(KJ6. Our audit work hgs been underiaken so thgt we might slate lo the chgrilable company's rnembers those mallgrs we are requir8d lo st81e lo Ihgm in an audilor's raport and for no olhtrr purpose. To the fullest exlenl permittad by law, we do not accept or assurne responsibility to anyone other than the charitable cornpany and the charitable company y members as a body, lor our oudit work, for this repori. or lor the opinions we have lomied. Jean Ellis BA FCA CTA (Senior Statutory Auditor) Fui diid vii 111[ vl DSG Audil, Slulul(iTy AudilL)I Chartered AGcountsn16 Castle Chambers 43 Castle Street Llverpool L2 YTL 4 Novembtrr 2025
HEALTH EQUALITIES GROUP LTD STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•stri¢tsd Restri¢t•d funds funds 2025 2025 Total Unro8tri¢tsd Re8tri¢l*d fund8 funds 2024 2024 Total 2025 2024 Notes Incom• and •ndowmènt8 from.. Donations and legacies Chari18blè 8clivth$s Inveslménts Other incom8 758 60.555 3.199 134 1,321 2,079 60,555 3,199 134 1,772 107,850 2,634 4,036 5.808 107,850 Total income 64.646 1,321 65,967 112,256 4,036 116,292 Exp•ndllur8 on: Charilable aGlivrties 73.194 73,194 111,580 111,&80 Total expenditure 73 194 73,194 111,580 111,S80 N•t IncomleXP0nd5tur9> 18,5481 1,321 17,2271 676 4,036 4.712 Trdribferts belweeri fuiid 100,000 1100.0001 N•t mov•mont In funds 18,5481 1,321 17,2271 100,676 195,9641 4,712 Reconclllallon of funds.. Fund balances al 1 April 2024 285,968 124,449 410,417 185,292 220,413 405,705 Fund balanc•s at 31 March 202S 277,420 125,770 403,190 285.968 124,449 410.417 Tho nol¥¥ on pag8s 10 to 20 fom part ol Ih¥5e financiml stal#m8rts,
HEALTH EQUALITIES GROUP LTD BALANCE SHEET AS A T 31 AIARCH 2025 2025 2024 Not9¥ FlxÈd 8gse18 Intangibl8 assets Tangible asyet5 Investments 12 13 14 28,115 428 22,180 857 23,039 Currènt assets Debtors Cash at bank and in hand 15 339,775 127.454 296.302 165,306 467,229 461,608 Crgdllors= )mounts lallln9 du• wlthln on• year 16 192,5841 174,2301 N•t currant ass•ts 374.645 387.378 Total a88•ts1088 ¢iirront liabilitlO8 403,190 410.417 The lund5 of tho charllabl• company Reslrict8d income funds Unrestricted funds 18 19 125,770 277,420 124,449 285.968 403,190 410,417 The Ilnancial statements were approved by the trustees on 4 Novernber 2025 Profos$or S Cap9well Trust99 Company reglstratlon numbèr 05382971 (England and Vlalesl
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountSng pollcle8 Ch8rity infowmation Health Equalities Group Ltd 1$ a pdvat8 company1Smit8d by guaranteè incorporated Sn England and Wales. Th8 r8glsterod officè Is 151 Dala Stre81. Livérpool, L2 2JH. 1.1 Basis of preparation Th& financial stalem&nts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)aritabl& eornpany's Mèmorandum and Articl8s of A550ciab'on, the Companies Act 200?, FRS 102"The Financial Reporting Standard appliCae in the UK and Republic of Ireland I'FRS 102.1 and the Charits'es SORP 'Accountsng and Reporting by Charit$.. Slalement of Recommended Practice applicable to charities preparin9 their aecounls in accordancè with the Financial Reporting Standard appllcablts in the UK and Rapubli¢ of Irèland IFRS 1021" ltsffecllve 1 January 20191. The charilabla company is a Public Benefit Entity as defined by FRS 102. Thè charllabl8 Company has t•k8n advantag of th• provlslon8 In th• SORP for eharfll$ not lo pr8par• a Statement of Cash Flows. The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charitable company. Monetary cLfTivurIl iri tli¥t>¥ firicifiLial sltiliri#ritS dr# rouridd lu Ili* ri#tir#t>t £. The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on. The prin¢ipo1 ac¢ounling policies adoplgd are $91 oul below, 1.2 Golng coiic•ni Al the tirne of approving the financial slalernenls, the Iruslees have a reasonable expeclats'on that the charitable company hos adequate resources to ¢onlinue in operational ¢xislence for the foreseeoble future. Thu$ the trustees onlinue lo adopl the going wncern basis of accounting in preparing the financial $lalemgnl¥. 1.3 Ch8rlt8blo fund$ Unre51ricled funds are available for use at the discrellon ol the Iruslees In further8nce of their charllable objeGllves. Designaied fund$ comprise funds which havg b8an set aside al th8 discietion of th£ trustèes for specifie pJrposg9. Th8 purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specffic conditions by donors or grantors Bs to how they may be used. The purposes and uses ol Ihg rgslricted fvnds are sei out In the nolgs lo Ihg linanual sts1gThenls. 1.4 Incorne Incom• Is rocognis8d when the charitable company is legally enliued to rt after any performanc¥ conditions hav8 b88n tn8t, the amounts can be measured reliably, and it is probable that incotne will be received. Cash donations artr r¥cognis8d on rèceipt. Other donations ar& recognisèd onc¥ th¥ charitabl¥ company has notified of Ihe donation, unles5 performance conditions require deferr31 of the amount. Income tax recoverable in lation to donations reiVed under Gift Aid or deeds of covenant is recognised 8t the time of the donation. Lega¢les are rgcognised on recelpl or otherwise if the ¢harllat>le company has been nollfied of an ImpendSng distribulion, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditufg Expendilure is accounted for on an accruals basis. 10-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl 1.6 Intangiblo fixod assots tsther ththn goodwill Intangihle assets acquired separately from a business are recognised at cost and are subsequently rneasured al cost less ac¢umuloled 8mortisalion and aCmUlated impairm$nl los$8s. Intangible assets acquired on business combinations are COgnised separately from goodwill at the acquisition date wh9rg il is probable that the 8XPg¢tgd fulurg g¢onomic b9ngfits that ar8 attributablo to th8 aSSFt wll fl¢>w to the 9ntity and the lair value ol the asset can be measured reliably.. the inlangible asset arises frarn contractual or other legal rights,, and the intangible asset is separable from the entity. Amortisalion is rewni$gd $0 as lo wrts off the ¢o$l or valualion ol as$gts195s Ihpii rgsidual valugs over their u$gful lives on Ihe following base5'. Sofiware 3 years $1raighl line 1.7 Tangible fixed 48¥9ts Tangiblé fix8d assets ar8 Inrtlally measured at cost and subsequ8nly m8asur8d at cost or valuation, n&t ol depreciation and any impairmenl1055es. Depr6cialion is r8cogni8ed go as lo write off tha cost or valu91ion of as$61818ss their residual values ovar their useful lives on Ihe following t>ases'. Compute 3 year5 slraighl line Th8 9gln or loss arlsing on thé dlsposal of an ass8t Is dèl8rmin8d as th8 dlffèr8nc8 belw8èn th8 salè proc8•ds and th• ¢arrying value ol the asset. and Is rew9nlsed In the $181ement of linanci81 activities. 1.8 Flx•d ass•t Inv•stm•nls Fixed a5S8t investments are initially measured at cost and subsequenly measured at cost less any accumulated impairment losses. The investments ar8 assess8d for impairrnent at each reporting date and any impairm8nt Ioss8s or reversals ol Imp8lrment losses are recognised Imrnedi8191y In nel in¢omellexpendilurel for the year. A subsidiary is an enlily Bonlrollgd by ihe Charitab company. Control is the power 10 govern Ihg finantyal and operating policie5 of the entity so as to obtain benelts frotn its activitie5. 1.9 Impalrmgnt of flxod a880ts Al each reporting end date, the charitable company reviews the carrying amounts off ils tangible assets to delerrnine whothor there is any indicatn that those assets have suffer1 an impaiimenl loss, If any such indication exists. Ihg recoverable amwnt of the asset 15 e5timaled in order to determine the eKlent ol the impairment loss lif 8nyl, 1.10 Cash Gatsh v4uivalEnt¥ Cash and c35h equivalents Include cash in hand, dep051ts hdd at call wth bank5, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in curr¥nl liabil.¥$. 11
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl 1.11 Finaneithl in8trumentJ The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instnjmenls, and Section 12 '0thor Financial Inslrumants Issu&s' ol FRS 102 10 all ol ils financial inslrumenls, Financial instruments are cOgnised in the charitable company's balan sheet when the chantable company bgcorDes party to th9 conlr&tual prow$ions of th8 instrurngnt Financial ossets and liabilities a offset, with tho nel omounts presented in the financial stalemenls, when there is a legally 8nforc8ab18 right to $81 off the iecognisgd arnounls and Ihgrg 1$ an int9nlion lo sell18 on a nel basis or lo r8ali$g the asset and seiiie the liablity sirnultaneously, 8aslc flnan¢lal assets Basic fi'nancial assets, whieh include debtors and cash and bank balanees. are initi£lly messured al transaction prie8 indiiding transaction costs and are subsequently carried at amortised cost using th& effective interest method unless Ihe arrangemenl constitutes a financing transadion, where the Iransaclion is measured 8t the present value of the future receipts discounted 81 a rn8rkel rate of inl8r&sl. Financk818ssels classrfied as ie¢eivablè wthin on8 y9ar ale not amortlsed. Oth6r nnan¢lal as8ots Olhar linancial ass919, including invgslmanls in 8quily instrumonts which are not subsidiaries, associals or joint ventur85. ar8 initially t8a58d at fair value, which is norrnally th8 transaction price. Such a55ets are 5ubsequ8ntly c¥rri¢d ot foir volu? 4nd th9 chan985 in f4ir v4lu8 arg recognised in net in¢gmgllexF¢nditurel. gxc8pl Ihot inv¢stmgntB in equity inslrumgnls Ih&l ar9 nQt publicly traded and who$9 fair values Cannot bg meagurgd reliably are mga$ured 01 CO81 less itnpairtnenl. Impalmi¢ of finan¢ial a$$t$ Financial agsels, Olher than Ihosts held ai lair valuè Ihrouoh income and gxpendilure, are ass8s8ed lor indicators of impairment at eh reporting date. Financial assets are impaired where there is objective evidence that, as a result ol one or more ev&nts that ocwrred after the inlli81 recognition of the ffinancial asset, lh9 eslimaled future Cash flows have been aff1#d. If an 8ssel is impaired, the impairment loss is the difference between the carrying amoiinl and the present value ol the estimated cash Ibws discounlod al the asstrl's original effecliwe inttrrtrsl rala. The impairment loss is r8cognised in nel incornellexpendiiurel lor the year. If there is a decreaBe in the impairment loss arising from an event occurring after the irnpairmenl was recognised, Ihe irnpairmenl is reversed. The reversal is such that the current carryin9 amount does not exceed whal the carrying amouni woula h8v8 been, had thè Impairmenr not previously otsen racognisad. The Impalrmeni far¥81 Is recognlsed in n¥1 iiicor(IellXpeI1llIlur8I lor the yedl. D8r8cognlllon of flnanclal assgts Financial assets are derectyJnised only when the conlra¢lual rights lo the cash flows from the 8sspI gxpirp or are settled. or when Ihe charitable GOTnpany transfers the financial asset and substantidly all Ihe risks and rewards of ownership to another entity, or rf some signifi¢anl risks and rewards of o%vnership 8re retained b(Jt Control ol the assel h88 transfeed Its another party that is able to Sell the asset in ilg entirely lo an unrel81gd third party. 12-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constilultrs a linan¢ing tran¢tIon, where the dgbl instrument is measurod at tho prgsenl value ol th8 lul(Jre paymenls discounted al a market rale of interest. Financial liabilities classified a5 payable within one year are not arnortised. Tradg ¢rgditors are obligaticns lo pay for goods or sgrvicps Ihal havg bgen acquirgd in the ordinary coursg 91 operations from supplier5. Amaunts paiable are ckssified as aurrent liabilities il payment is due wrthin one year or le5S. If not, they are piesented as nOnrrent liabilities. Trade creditors are recognised initially at transaction price and subsequgnlly rneasured al amorti$gd $1 Uslllg thg gffg¢live inlgiesl rnglhod. othw flnonclal Ilablllll$s Derivatives, including inlerest rale swaps and ford for8ign exchange contracts, £r8 not basic financial inslrumenls. Derivatives are initially recognised at fair value on the date a derivative a)ntract is entered into and are subsequently re-measured al their fair value. Changes in the lair value of derivatives are recognised in or in finance costs or finance incorne as appropriate, unlegs hedge accounting 1$ applied and the hedge is a C8sh flow hedge. Dw•¢ognlilon olfln&ncl81 Ilabllllles Financial Ilabilits'es are dore¢ogni$gd when Ihg charitabl8 Company's Conlraclual obligations expire or aro discharged or canGelled. 1.12 Employ•• b•n•flts Thè cost ol any unus8d hollday 8nlltltmènl Is r8¢ognl8ed In th6 p8rlod In whlch th& 8mploy88'$ $8IVIC68 are recelved. Temiln8.on benefits are recognised immediately as an expense when Ihe charitable compeny is demonstrably commltlèd to larmlnatè thè 8mploymént of an èmployè8 or to provld8 tarminatlon bènèflts. 1.13 R•llr•m•nt b•n•flt8 Paymenls lo ¢J¢lned contr1110n retirement b¢nefil s¢heme$ ore ¢harged 0$ on expense as they fo11 due, 1.14 Group accounts The financial stalement8 present inlorrnats'on about the charitabl8 cornpany as an individual undertaking and not about its group. The charitable company and its subsidiary undertBkings comprise a srnall-sized group. The charitable company has therefore lak adv8ntage of the exempllons provlded by secllon 399 of the Companles A¢t 2006 and relevant tharily law not lo piepare group accout)1s. Income from donations and legacieg Unrostrlctod R•strfct•d funds fund$ 2025 2025 Total Unrestrlctod Restrlcted lund$ funds 2024 2024 Total 2025 2024 Donations and 758 1,321 2,079 1,772 4,036 5.808 13-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from clwrltable actlvltles Unréstrieted nds 202S UnroJtri¢tod fund$ 2024 Iriboiii& Ironi 17&11abI¥ LvIll8 - Core prograiiini 60,555 107,850 In¢om• Irom Invè$tment8 Unr•strlct•d Unr••trlctgd funds lund8 2025 2024 Inieresl ceIvable 3,199 oth•r Incom• Unr&stri¢t•d Unr•$tri¢t?d funds lunds 2025 2024 other income 14-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendltur6 on charStablo actlvltles Con9ult8ncy Congultaney 2025 2024 Dlm¢t ¢ost8 Staff wsts Deprtrclalion and Impairment Entera¢905 in database Rent Insurance General project expenses Enter a¢910 in daiaDas8 Telephone and inlern*t Computer runniThJ oosts Printing, postage and 51alionery Managemenl recharges Ac¢ountan¢y and payroll foes Oth8r costs 388,888 8.494 4.091 12.182 3,483 17,982 205 1,444 1.790 895 1399,0001 11,080 13,941 335,399 2.948 9,W28 2,464 4,¥29 2,653 3.748 1.189 1277,5751 10,644 7,723 65,47S 104,050 Share of support and gov•rnane• costs Is•• not• 71 Governance 7.719 7.530 73,194 111,580 Anatygls by fund Unr&slricl8d fun¢8 73,194 111.580 Support costs allocated to a¢tivilie8 Total 2025 Total 2024 Governance 7,719 7,530 21125 2024 Governanc• co¥ts compriJ•'. Audit fees 7,719 7.530 7.719 7,530 15-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movernent In funds 2025 2024 Th? net movamenl in fund$ 1$ ?taled after chorgirngllcredilingl,. Fges pay8bl8 lor lh8 audit ol Ihg tharilv's lin8ncAal 51algrn8nls Depreciation of owned tangible fixed assets Am0.$allon of intangible assets 7,719 429 8,065 429 2.519 Tru$tgè$ None ol the trustees lor any persons connected wth them) received any remuneration or benefits from the charitable ¢omp8ny durlng the year12024.. £nlll. During the year. Ihe tru51ee5 received a total of £nil12024.. £nill in expenses from charity. 10 Employ* The average monthly number ol employees during the year eS.. 2025 Numbgr 2024 Numbor Adrninislralion Employment costs 2025 2024 Wages and salarie5 SocSal sacurily c¢$ts Other pension costs 319,849 26,071 40,068 275,840 24,386 35.173 388,888 335.399 Four member5 01 staff are employed ditsetly by Health Equalitiés Group Ltd, wilh one member ol Slaff directly
mployttd by E0an Haalthy Stadia Nelwork. Two mtrmbers ol staff arè rtschargad lo European Healthy Stadia
Network CIC and three ere recharged to HOM P8rtnerships CIC. Th* nUMr of ¥mploy•ès whos8 annual rèmuntrialion was moi• than £60.000 Ss as follows.. 2025 Nurnber 2024 Number £60.000- £69,999 £70.000- £79.909 11 Taxatlon The charity is exempt from taxation on its activities because all its incorne is applied for charitable purposes. 16-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Intan9lble fixed assets Cost At 1 April 2024 Additions- internally developed 29.120 14,(X>O At 31 March 202J 43,120 Amortl$atlon atld Impalmient At 1 April 2024 Amorts'sats"on ¢harged lor the year 6,940 8.C65 Al 31 March 202S 15,(X)S Carrying amount Al 31 March 2025 28.115 At 31 March 2024 22.180 13 Tanglble nxed ets ¢mP•r$ C081 At 1 April 2024 1,28fj Al 31 March 2025 Depr•¢iation and impairm•nt At 1 April 2024 Depre¢i81ion ¢haroed in tho yaar 429 429 At 31 March 202S 858 Carrying amount At 31 March 2025 428 At 31 March 2024 857 17-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Flxed asset Investm8n¢$ Othèr Invg$lm$nts Co$1 or valuollr>n At 1 April 2024 & 31 March 2025 Carrylng amount At 31 March 2025 At 31 Mar¢h 2024 2025 2024 Other Investm8nis comprlse: Noi¢$ Investhenls in subsidianes zo 15 Dobtors 2025 2024 Amounts falling due within one year.. Amounts owed by subsidiary uffldertakings Othgr debtors Prepayments and accrued income 334,261 2,416 3,098 277.991 5,273 13,038 339.775 296,302 Amounts owed by group undertakings are interest free, have no fixed dale of repayment and are repayable upon demand, 16 Crèdltori.. amounts falllng duè wlthln on• yèar 2025 2024 Other taxation and social s¢¢urity Trade creditors Other Creditors Accruals and delerred income 2,130 15.518 4,936 70.000 220 4,010 70.(K>O 92.584 74,230 17 R•llr•m•nt b•n•flt $¢h•m•$ 2•25 2024 Defined contribution schemes Charge lo profil or loss in respect of defined contribth'on schemes 40,068 35,173 18-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Relir•m•nt benefit s¢hèm•8 Icontinutdl The ch8rit8ble ¢omp8ny oper8tes 8 defined ctsnlnbution penson s¢heme lor all quejifying employees. The 8sset$ of the scheme are held separately frorn those of the charilable QDtnpany in an independently adIniStered fund. 18 Restricted lunds The restricted funds of the tharily cornprise the unexpended balance5 of donation5 and grant5 held on trust subject lo specific conditions by donor5 as to how they rnay be used. At 1 April 2024 Incoming r•$our¢•$ Trantsfern At 31 March 2025 Europèan Healtty StadSa Network CIC 124,449 1,321 125,770 Prevlou$ yè•r'. At 1 Aprll 2Q23 Incomlng r•sourc•s Transf9rs At 31 Mareh 2024 Europ8n Héalthy Slldia N8lwc)rk CIC 220,413 4,038 1100,0001 124.449 19 Unr•trl¢t•d fuNd8 The unrestricted funds ol the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and granlors as to how they may be used. The$9 include dgSl9nated funds which havo been Sel aside out ol unreslricled funds by the Iruslees for specific purposes. At 1 Aprll 2024 Incomlng re$ourc8• Resources expended Transfers At 31 March 2025 Restru¢lurino fund Ggneral lund$ 75,000 210.9fj8 75,Cthl 202,420 64,646 173,1941 285,968 64,646 173,1941 277.420 Prnvloug yèar: At 1 Aprll 2023 Incomlng resource5 Resources expended Transfers At 31 Mareh 2024 Reslrucluring fund Ggnaral funds 75,000 110,2Q2 75,rx)o 210. 112,256 1111,5801 100,000 185.292 112.256 1111,5801 100.000 285, Resttucturing fund - the fund has beèn cr8ated lo mitigate against luturg 18structuring requiretn8nts in light of COVID and other potent&41 significant changes to 115 operating environmenl. 19-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Subsidlarles Detaib tsf the eh8riiable ¢ornp8ny'$ sub$idi8rie$ 8t 31 M8rch 2025 are 8$ f¢>llows'. Namg of und•rtaklng Raglstsred offl¢• Natur• of buslng55 Class of shar held °/0 Held Dlrg¢t Indlr&¢t European Healtty Stadia Network CIC 1 Jf 1 Dale Stroet, Delivering public hèalth LIVerp1, Inlervenlions for sport5 clubs an Merseysida. L2 stadia 2JH L¢vs Building, 151 Deliverin J publi¢ héollh Dale Street. in18rvenlions Llv&rpts)l. L2 2JH Ordinary 100.00 Hom Partr)ershi CIC Ordinary 100.00 Durlng the y8ar Ih8 lurnov8r ol European H8althy Stadia N8twork CIC was £57,191 12024.. £62,565) and 8xp8ndllur8 in¢urred was £55,87012024.' 258,5291 resulting In g profit 01 É1.321 12024.. £4,036). Durlng th8 yaar lh8 turnov81 of HOM Parinérshlps CIC was £421,83312024'. £300,2861 and 8xpendlture Incurrèd was £388,15012024'. £281,946) resullln9 in 8 profit 01 £75812024 £1,772). 21 Anaty$l$ of not a$$gts bolw••n fund$ Unr•strletsd fund$ 2025 RaÉtrlet•d fund$ 2025 Total 2025 At 31 March 2025: Intangible fixed assets Tangiblp a55els Inveslmenls Curr8nl ass8tsllliabillllosl 28,115 428 28.115 428 250,196 124.449 374.645 278,741 124,449 403,190 P•r b•l8n¢e she•t 277,420 11.3211 125,770 1,321 403,190 Balance to allocate Unr•slricted funds 2024 R•strict•d funds 21124 Total 2024 At 31 March 2024= Intangible fi'xed assets Tangibl8 assets Inveslmenls Current assetsl{Iiabilitie81 22,180 857 22.180 857 262,929 124,449 387,378 285,968 124,449 410.417 -20-
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