TEAMS4U THE CHARITY (A company Limited by Guarantee) REPORT AND FINANCIAL STATEMENTS Year ending 31ST MAY 2022 Charity Number: 1114131 Company Number: 5801570
TEAMS4U THE CHARITY INDEX INDEX Page No MEMBERS OF THE BOARD AND ADVISERS TO THE CHARITY ANNUAL REPORT OF THE TRUSTEES 10 INDEPENDENT EXAMINER'S REPORT 11 STATEMENT OF FINANCIAL ACTIVITIES 12 BALANCE SHEET 13-14 ACCOUNTING POLICIES 15-18 NOTES TO THE FINANCIAL STATEMENTS
TEAMS4U THE CHARITY Page 1 REPORT OF THE TRUSTEES For the year ended 31 May 2022 Reference and Administrative details Charity number: 1114131 Company number: 5801570 Registered office: Unit 8 ,Llay Industrial Estate,Llay,Wrexham Wales LL12 OTU Bankers: Natwest Bank plc, Wrexham Branch, 33 Lord Street, Wrexham LL111 LP IndependentExaminer: P. M. Lewis AFA, Accountemps Ltd, 1, Lindop Close, Cubbington, Leamington Spa CV32 7HD Directors and Trustees The Directors of the charitable company (the charity) are its Trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:_ The Board of Trustees Mr John Harrison Mr Nick Pengelly Mr Paul Jeanes Mr Steve Hewitt Mrs Deborah Parry Company Secretary Mr Nick Pengelly Key management personnel Mr Dave Cooke
TEAMS4U THE CHARITY Page 2 REPORT OF THE TRUSTEES For the year ended 31st May 2022 The trustees are pleased to present their report and the financial statements of the charity for the year ended 31 May 2022 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities. Structure, Governance and Management Governing Document Teams 4u the charity is a company limited by Guarantee incorporated on 2 May 2006 and is a charity registered with the Charity Commission. Appointment of Trustees Trustees can be appointed at any time during the year. New Trustees would be appointed if it was felt by the existing Board that the new appointee would add value to strategic thinking and leadership. It would not normally be expected to appoint more than two new trustees at any one time because of induction and training. Trustee Induction and Training The induction process for a new Trustee is as follows. A Trustee will meet with the new Trustee to explain all aspects of the Charity and to provide all relevant information regarding it. The Trustees will write to the new Trustee with a copy of the Memorandum of Association governing the Charity and a copy of the last set of accounts and Annual Review. The Trustees will also provide all assistance and information necessary for the new Trustee to become familiar with the activities of the Charity. Organisation The board of Trustees, which can have up to 6 members, administers the charity. The board normally meets 4 times per year and there are sub committees which set the annual budget and oversee the monthly account reports. The chief executive is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations, the chief executive has delegated authority, within terms of delegation approved by the Trustees for operational matters including finance, employment and team activities. The Charity will work with other related parties and co-operate with other organisations where and when it is deemed to be of mutual benefit and in developing and supporting the various projects. None of our Trustees receive remuneration or other benefit from their work with the charity. Pay Policy for Senior Staff The directors consider the Board of Directors, who are the charity's Trustees and the founder Mr Dave Cooke comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All Directors give their time freely and no director received remuneration in the year. Details of directors, expenses and related party transactions are disclosed in note 2 to the accounts. The pay of all personnel is reviewed annually.
TEAMS4U THE CHARITY Page 3 REPORT OF THE TRUSTEES For the year ended 31°, May 2022 The charity has established links with Partners and organisations in several countries in Eastern Europe and Africa . Risk Management The trustees have a risk management strategy which comprises: All potential risks being categorised against high, medium or low potential levels of impact with appropriate steps to mitigate the risks being discussed and recorded. Before any volunteers are taken abroad a thorough risk assessment is conducted including areas of activity, travelling, medical facilities, food and accommodation. OUR PURPOSES AND ACTIVITIES Teams4U's purpose is to make a difference in the lives of children and families around the world that find themselves in desperate and hopeless situations. Through no fault of their own they often face impossible circumstances, and we strive to give them a second chance. Teams4U's aims are: To give children a second chance by helping them recognise and appreciate their own self worth. To build self -respect and to equip children with foundational life skills through activities, such as hygiene education programmes, sport teams, children's activity teams, work and specialist teams, educational support and sponsorship. To focus both directly and indirectly around the lives of children, enhancing their physical, emotional and spiritual needs to open up a future a world away from their past. To work with partner organisations on specific long- term projects to relieve distress and suffering, and in the long term to build their capacity. To enable others in the UK to capture the vision for this work by organising work teams to provide resources, not only to provide support and relief in the short term but to continue long term in on-going support. The trustees have had regard to guidance on public benefit issued by the Charity Commission ("Public Benefit: running a charity (PB2) and consider that the objects and activities of the charity fulfil this objective. Specifically the organisation has arranged several trips abroad to Eastern Europe and Africa to enable people within the UK to get involved in projects abroad, to experience life in these countries and to get a better understanding and awareness of issues abroad in less fortunate situations. The organisation has also collected clothing that has been shipped out to Africa and Eastern Europe to support the projects being undertaken. The organisation undertakes the collection of Christmas Shoeboxes which are distributed to children and families in need around Eastern Europe linked to our partners This year with the war in Ukraine Teams4U mobilised teams around the UK to collect desperately needed aid and through significant fundraising was able to send out this aid to Suceava in northern Romania and then on into Ukraine.Other financial funding was sent directly to our partners inside Ukraine to enable them to buy food and medication to support those affected by the war.
TEAMS4U THE CHARITY REPORT OF THE TRUSTEES For the year ended 31st May 2022 Page 4 Volunteer Services The charity relies on voluntary help and during the year the charity benefited from 30,000 hours of services provided by volunteers and 1,800 hours of Trustee time. The Trustees thank all volunteers for the contribution to the charity's activities. This massive increase in volunteer hours was due to the extra help needed to collect aid for Ukraine RESERVES POLICY The trustees aim to maintain unrestricted reserves at a level sufficient to cover operating costs for at least 3 months. Unrestricted reserves at 31 May 2022 amounted to approximately 6 months operating costs. Our purposes and activities Education Sponsorship Teams4U supports schools and education programmes by providing the financial means to allow children to access education. We also believe that investment in teachers will help increase the quality of education the children receive. Education Resources Alongside our education sponsorship programmes, we supply items such as stationery, textbooks, uniforms and sports kits to enhance children's education. We have raised funds to build and develop facilities.lq believes that education is vital to helping children break free from the cycle of poverty Community Resources Through financial support, donations and with the help of volunteers on our teams we have provided communities with items such as food, clothing and healthcare items. We have helped refurbish community buildings and facilities. Many of the communities where we work lack essential resources. Community Empowerment Through our teams we can bring communities together to reinforce positive societal values. Teams help individuals feel valued through a sense of belonging and encourage unity amongst one another. Our partners also tell us that regular input from volunteers really encourages and motivates them in their work. Community Livelihoods Teams4U believes in doing more than just providing short term solutions. That's why we are seeking ways for communities to develop sustainable ways to help themselves break free from poverty. Economic initiatives such as agricultural programmes and skills training help people gain an income to provide for their own families. Community Healthcare & Hygiene Poor hygiene and limited access to healthcare services are common problems in the communities where we work. Where possible we aim to improve them often through education and the provision of facilities and supplies. We have focused our attention in this area through our Develop with Dignity and WASH programmes alongside specific fundraising
TEAMS4U THE CHARITY REPORT OF THE TRUSTEES For the year ended 31st May 2022 Page 5 Local Organisational Development Teams4U are committed to building the capacity of our partners to enhance the work that they do and ensure it is sustainable into the future. One way we have done this is through training and mentoring, carried out by specialist teams. In the past, areas of training have included business, management, teaching and medical care. PARTNERSHIPS We work alongside partner organisations throughout the world who are seeking to relieve distress.Teams4U approach is to partner with local organisations that are already in existence within a country. We believe that local organisations are best placed to understand the needs of the children Therefore we do not tell them what to do, but seek to support them in ways to help them become more effective and realise their vision Where appropriate Teams 4U opens opportunities for local organisations to link up and support one another Raul Gherle - Friends, Hope for Humanity Oradea-Bihor Country- ROMANIA Raul has worked in the charity sector for many years as a social worker particularly with the homeless to bring them some hope in a very bleak existence. Raul helps them not only with food parcels, clothing and toiletries but also helps them to obtain ID cards so they can access medical treatment and benefits where available. Raul operates out of "The Hub" in Oradea City providing "Lunch for Stranger" and dreams of providing a "Night Shelterf, for the homeless in the future. Raul partnered with Teams 4U organising and distributing shoeboxes throughout Bihor County with the help of Nelu Ciora. Raul is also overseeing a new project to build a school room in the remote village of Suncuis where an isolated gypsy village will have the opportunity to get some much needed education through local volunteers Alexandru Sanduleac-Association of Christian Churches ,Cupcini -MOLDOVA Alex works with the vulnerable and socially marginalised in Northern Moldova. Alex has partnered with Teams4U organising and distributing shoeboxes were raised on the effect COVID has had on the economic resilience of the subsistence -farming HIVIAIDS and Sports Programme Kumi District Due to COVID the charity has suspended its sports programme during school closures and limitations on international travel
TEAMS4U THE CHARITY Page 6 ANNUAL REPORT OF THE TRUSTEES For the year ended 31st May 2022 Develop With Dignity The charity has continued our girl's hygiene education programme called Develop with Dignity. Through training received through the organisation Days4Girls we have set up local manufacturing of washable sanitary pads in Kumi and distributed these to schoolgirls in Primary 7 to support them to attend school and pass their final exams From our own research we know girls can lose 2-7 days per month of education due to lack of menstrual provision as many families struggle to afford to provide sanitary pads Significant concerns were raised on the effect COVID has had on the economic resilience of the subsistence -farming communities in which we work, and the negative impact on girls, education as family's preference the needs of their male children .We were able to fund and distribute 1600 packs of washable sanitary packs to girls across 20 schools in the district. Additionally we continued our teacher training program, running workshops on menstrual health and hygiene with 112 Senior Male and Senior Female teachers and conducted distance-mentoring with a further 74 senior teaching staff Lastly we were able to run a 3-day Sexual, Reproductive Health Workshop with 30 teachers, religious leaders, and community elders in collaboration with the charity Mission Direct. Water, Sanitation & Hygiene The charity continues to invest in the provision of improved hygiene and sanitation facilities in schools. Through donor fundraising and grants secured we were able to equip primary schools in the district with permanent handwashing platforms installed next to school latrines SIERRA LEONE We are engaging with our in- country partner Helga Sellu. The skills college has been moved and is now established at Waterloo, Freetown where young people are learning skills of hairdressing, tailoring and catering. Our second college was established in the rural town of Koindu in 2019 where tailoring and catering are now taught. A joinery course has also been added in July 2020 The Dignity programme continues in rural areas of Koindu enabling girls to maintain their education. Additionally in Koindu protective facemasks and soap were distributed to health workers, market stall holders and taxi drivers with the aim of mitigating the spread of Covid 19 BELARUS Working with our partners in Life for the Children run by Dzimitry and Katya Nachyna in Belarus the focus is adoption support, orphans and the underprivileged. We continued to support through financing summer camps and providing shoeboxes for distribution. We also supported 4 orphanages around Minsk with polytunnels, tools and seeds to enable residents to learn agricultural skills and provide much needed fresh produce during the economic uncertainty caused by the pandemic
TEAMS4U THE CHARITY REPORT OF THE TRUSTEES Page 7 For the year ended 31st May 2022 HIGHLIGHTS OF ACTIVITIES IN THE YEAR Teams4U recognise that throughout our world there are people who want to support communities in need but need practical help to achieve their vision. Teams4U has made a commitment to build their capacity, organisational governance and strategy to enhance their ability to meet their goals. Teams4U brings together a unique mixture of volunteers and professionals to deliver programmes and implement projects. Our volunteer teams work alongside partner organisations throughout the world. Shoebox Appeal With the pandemic thankfully receding numbers of shoeboxes grew significantly and the total was just over 84,000 for the year. Boxes were exported to Bosnia, Moldova, Belarus, Romania and for the first time to Georgia Some of the key events and trips. As well as the details listed below there were numerous presentations, fund raisers and media events. 2022 January- Management raining trip to Uganda February-country visit to Sierra Leone to meet partners and to see progress of our projects there We secured a further SCCF grant "Improving Sanitation provision in many primary schools in Uganda" equipping 20 schools with permanent handwashing platforms. Alongside donor funding, this support enabled us to provide 18 community health centres with basic handwashing equipment, soap, and hand sanitiser to mitigate against the spread of COVID -19 Financial Review The charity incurred a surplus of £ 23,896 (2021 surplus £72,676). Whilst fundraising to cover Core costs remained a challenge the Charity has developed its, programmes abroad and will be using restricted funds received in the year for this future work Investment powers and policy The Trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in an interest bearing deposit account and seek to achieve the best interest rate available.
TEAMS4U THE CHARITY Page 8 REPORT OF THE TRUSTEES For the year ended 31st May 2022 Trustees responsibilities in relation to the financial statements The charity trustees (who are also the directors of Teams 4U for the purposes of company law) are responsible for preparing a Trustees, Annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charity for the period. In preparing the financial statements the trustees are required to:_ Select suitable accounting policies and then apply them consistently Observe the methods and principles of the Charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included in the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Our 2018 - 2023 objectives:. Overseas:. To further develop our programmes with current partners to focus on a holistic approach to supporting their specific needs through a range of sources (i.e. teams, financial sponsorship, resources, training and development). To build the capacity of our partners to be more self- sustainable within the areas where we provide support.
TEAMS4U THE CHARITY Page 9 REPORT OF THE TRUSTEES For the year ended 31st May 2022 To widen the impact of our work by increasing the number of in-country projects that we support. Approved by the Trustees on 23 February 2023 Signed on behalf of the Trustees TF. Mr N. Pengelly
TEAMS4U THE CHARITY Page 10 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEAMS4U THE CHARITY For the year ended 31st May 2022 st I report on the accounts of the company for the year ended 31 May 2022 which are set out on pages 13 to 18. Respective responsibilities of Trustees and Examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under Section 145 of the 2011 Act. follow the procedures laid down in the general Directions give by the Charity Commission under Section 145 (5)(b) of the 2011 Act; and To state whether particular matters have come to my attention. Basis of Independent examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Basis of Independent Examinerfs Statement In connection with my examination, no matter has come to my attention: Vvhich gives me reasonable cause to believe that, in any material respect, the requirements:_ to keep accounting records in accordance with Section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. I have no concerns and have come across no other matters in connection with the examination to which attention Should be dra in this report in order to enable a proper understanding of the accounts to be reached Signed Date ,,,23 February 2023 P.M Lewis AFA ,1 Lindop Close, Cubbington ,Leamington Spa CV32 7hd
TEAMS4U THE CHARITY Page 11 STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) For the year ended 31st May 2022 Unrestricted Restricte Funds 2022 Total 2021 Total Notes Funds INCOME Donations and legacies 241,868 376,060 617,928 407,555 Investment income TOTAL INCOMING RESOURCES 241,868 376,060 617,928 407,555 EXPENDITURE Expenditure on Charitable activities Operation of Team Trips 31415 254,225 339,807 594,032 353,879 TOTAL EXPENDITURE 254,225 339,807 594,032 353,879 NET INCOME I (EXPENDITURE) AND NET MOVEMENT IN FUNDS FOR THE YEAR (12,357) 36,253 23,896 72,676 Reconciliation of funds Total funds brought forward Transfers 100,719 37,444 141,173 (37,444) 241,892 170,216 125,806 139,982 265,788 241,892 Total funds carried forward 819 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
TEAMS4U THE CHARITY Page 12 BALANCE SHEET For the year ended 31st May 2022 2022 2021 Notes CURRENT ASSETS Debtors Cash at Bank 4,356 266,395 1,718 251,032 Total current assets 270,751 252,750 CREDITORS: Amounts falling due within one year 4,963 10,858 NET ASSETS 265,788 241,892 THE FUNDS OF THE CHARITY: Unrestricted funds Restricted funds 819 8/9 47,333 218,455 100,719 141,173 Total charity funds 265,788 241,892 Approved by the Trustees on 23 February 2022 Signed on behalf of the Trustees Mr N. Pengelly The notes on pages 15 - 18 form part of these accounts.
TEAMS4U THE CHARITY ACCOUNTING POLICIES For the year ended 31st May 2022 Page 13 ACCOUNTING POLICIES Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 1617114, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.Assets and liabilities are initially recognised at historical cost or transaction value unless othenmise stated in the relevant accounting policy note(s). Income recognition policies Items of income are recognised and included in the accounts when all of the following Criteria are met:_ The charity has entitlement to the funds Any performance conditions attaching to the item(s) of income have been met or are fully within the control of the charity There is sufficient certainty that receipt of the income is considered probable The amount can be measured reliably Income received in advance for a trip or other activity is deferred until the criteria for income recognition are met Donated services and facilities Donated services and facilities are recognised in income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt. Fund accounting Unrestricted funds which are available to spend on activities that further any of the purposes of the charity. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost. of raising and administering such funds are charged against the specific fund.
TEAMS4U THE CHARITY Page 14 NOTES TO THE FINANANCIAL STATEMENTS For the year ended 31st May 2022 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:_ Costs of raising funds comprise the fundraising costs undertaken Expenditure on charitable activities includes the costs of trips and other educational activities undertaken to further the purposes of the charity including their associated support costs. Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back- office costs, finance, payroll and governance costs which support the charity's programmes of activities. These costs have been divided between the costs of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 4 Debtors Debtors are recognised at their settlement amount due. Prepayments are valued at the amount prepaid. Cash at bank and in hand Cash at bank and in hand includes cash and short term investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. LEGAL STATUS The charity is a company limited by guarantee and has no share capital.
TEAMS 4U THE CHARITY Page 15 NOTES TO THE FINANANCIAL STATEMENTS For the year ended 31st May 2022 VOLUNTARY INCOME 2022 2021 Donations and gifts- Team Income Donations and gifts- General Income Donations and gifts-shoeboxes Donations and gifts - Restricted Income Income tax recoverable Government grants 14,862 47,889 149,354 126,208 29,763 249,852 5,390 39,907 134,471 152,770 21,010 54,067 617,928 407,555 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Team Visits Project Total Direct costs of visits Direct costs of projects Direct costs of shoebox Support costs Governance costs 44,601 44,601 339,807 128,324 74,324 6,976 339,807 128,324 59,459 14,865 6,976 232,384 361,648 594,032 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS General Support Other Total Salaries and wages 49,668 12,417 62,085 General office 9,998 2,499 12,497 Accountancy 1,965 1,965 Lègal and other 4,753 4,753 59,666 21,634 81,300
TEAMS4U THE CHARITY Page 16 NOTES TO THE FINANANCIAL STATEMENTS For the year ended 31st May 2022 STAFF COSTS AND TRUSTEE REMUNERATION 2022 2021 Wages and salaries Social security Pension 92,670 8,010 2031 69,578 12,325 3750 102,711 85,653 No employee received any emoluments, as defined for taxation purposes, amounting to over £60,000 in the tax year. There was an average of 2 staff throughout the year. The trustees did not receive any emoluments or reimbursed expenses during the year. DEBTORS 2022 2021 Prepaid Expenses Other debtors 2,553 1,803 1,718 4,356 1,718 CREDITORS 2022 2021 Amounts falling due within one year: Deferred income Accruals Taxation and social security 10,858 3,400 1,563 4,963 10,858
TEAMS4U THE CHARITY Page 17 NOTES TO THE FINANANCIAL STATEMENTS For the year ended 31st May 2021 MOVEMENTS ON FUNDS Balance 01.06.21 Income Expenditure Transfers Balance 31.05.22 (a) Unrestricted funds: General reserve Shoeboxes (87,029) 92,514 187,748 149,354 125,901 128,324 37,444 (82,972) 208,778 100,719 241,868 254,225 37,444 125,806 (b) Restricted funds: DFID Dignity WCVA WCVA-Back to school Project Ukraine Uganda Sanitation Gender Equality Other projects 39,822 6,306 64,958 4,475 6,302 3,621 6,302 62,566 178,049 47,360 7,611 12,795 21,503 (447) (630) 40,229 5,676 2,392 1,951 29,000 19,559 10,223 30,952 200,000 84,844 9,116 25,075 46,248 (20,000) (8,484) (911) (2,057) (4,915) 18,965 11,122 141,173 376,060 339,807 (37,444) 139,982
TEAMS4U THE CHARITY Page 18 NOTES TO THE FINANANCIAL STATEMENTS For the year ended 31st May 2022 ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted Unrestricted Funds Funds Total Cash at Bank Debtors Creditors 139,982 126,413 4,356 (4,963) 266,395 4,356 (4,963) 139,982 125,806 265,788