COMPANY REGISTRATION NUMBER: 05935110 CHARITY REGISTRATION NUMBER: 01116829 Christ Church Community Developments Company Limited by Guarantee Unaudited Financial Statements 30 September 2025 GATLEY READ Chartered Accountants Prince of Wales House 18119 Salmon Fields Business Village Salmon Flelds Royton Oldham OL2 6HT
Christ Church Communlty Developments Company Limited by Guarantee Flnancial Statements Year ended 30 Septembor 2025 Page Trustees, annual report (incorporating the directorfs report) Chartered accounlanls report to the board of trustees on the preparation of Ihe unaudited statutory financial statements Stat8ment of financial actiwties (including income and expenditure account) Statement of financial position Notes to the financial statements
Chrlst Church Community Developments Company Llmltsd by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) Year ended 30 September 2025 The trustees, are also the directors for the wrposes of company law, present Iheir report and the unaudited financial statements of the ¢harity for the year ended 30 September 2025. Rof8rence and admlnistratlvo dotai18 Regl$t•r•d charlty namé Chrlst Church Comrnunity Developments Charlty roglslratlon nurnr 01116829 Company regigtratlon numbgr 05935110 Princlpal offlce and reglsterod 4C Community Centre offlce Taunton Road Ashton Under Lyne OL7 gDR Tho trustees Mr J Hindle Mr B Nightingale Mrs S Riches Mrs B Smith Mr J Mccann Ms S Sheikh Accountants Gatley Rea Chartered Accountants Prince of Wales House 18119 Salmon Fields Business Village Salmon Frelds Royton Oldham OL2 6HT Structure, gov•manco and managomont Governlng Do¢umonl The organisation is a Charitab company Ilmiled by guarantee. incorporated on 14 Sgptember 2006 and registered as a charty on 16 November 2006. The company was established urKler a Memorandum of Association whlch established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contnbule an amount not exceeding £1.
Chrlst Church Community Developments Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) fconts'nirtdj Year ended 30 September 2025 StruGturo5 govFJrnanGg and managgment Icontlnu Mothod of appointmènt or electlon of Trnstees The Board of Tnjstees is responsible for the ovgrall management and control of the charity working with the Manager and senior staff on strategic arKI operational development. Trustees are co-opted from local people who are sympalhelic lo the tharity's objectives., usually after attending Management CommTtlee meetings over a pericKI of lime that is sufficient to provide 8 full insight into the activities of the Charity. Organisational $tru¢tur• and décislon maklng Th8 Truslees meet regularly to oversee the progres$ of the Community cenlre. Risk fflanagomollt Th8 tru51ees have assessed the major risks lo whlch the charity is exposed, in partiGular those related lo the operations and finarTr$ of the organisation. and are satisfied that SyBlem5 and procedure5 are in pla lo mitigate ¢xJr exposure to tha major rlsks. Objectlves and actlvlties We have referred to the guidance contained in the Charty Commission's general guidanGe on public benefit when reviewing our aims and objectives and in planning our future activiti. Polici95 and objoGtivos The principal object of the charlty Is lo operate a community centre in the grounds of Christ Church, Ashton under Lyne for the benefft of all members of the rAynmunity- area of benefit is the Borough of Tameside. bul the main beneficiari8s will be the residents of the Waterlw Ward in whh the centre 18 located. There have been no changes in these obj'ectives since the last annual report. Voluntéé Christ Church Community Development5 is managed by a board of 6 trustees, freely volunteer their time to sil on the Board of Directors and oversee the strategic direction of the charity-
Christ Church Community Developments Company Limlted by Guarante• Trustees, Annual Report (Incorporating the Dlreetorfs Report) (contlnu8dJ Year ended 30 September 2025 Aehi•v•ments, parformance and flnan¢lal r•vlow We have engaged with thwsands of people in the cour88 of the year, &ther they were attending parties. classgs, workshops or Conferences in the hall. to sma118r meetings. community groups or training in thg meeting r¢)oms. Due lo continual financlal slraln from under payments from the previous ¢afe. we had lo end our partnership wth them, over summer 2025. Meaning that we had lo 18nder for a new ProVer. The new cafe started in ALousI. and the partnership has been a breath of fr8sh air $0 far. The space they have created is fantastic and being able to continue to offer Ihg cafe to Ihe community 15 something that we know means a lot to those who use the centre. The Potters Hand studio has been a re81 hit. with everyone wowed by the sense of community and th8 beautiful space that Maxine has created. allng uealive expression. friendship and wellbeing to flourish in these dtrricull limes.11 has welcomed a diverse group of users Induding schools, unrfomied organisalions. work colleagues as well as indwiéuals and families lo create their own piece of art. We have our regulars as well as new visitors who enjoy $per>ding time in the studio space and often visit the café at the same time. Vve have seen great CollaboratnS between the studio and the café, especially around key holKlay periods throughout the year. We are also indebted lo our users 0$e income helps to Sustsin the centre and whose groups or visitors also help to spread the word about the centre. The everyday functionalty of the centre has improved skJnrfi¢anUy but we are still heavily reliant on volunteers to open and dose outside of operating hours - something that we have looked lo address bul find that the business model to pay for this service lo be a ¢hallenge. This year we brought on board new stsff, one ofFe support and one Cleaner. This has changed how our business mixlel functions and has provided well needed extra capacity lo the team. Josie and Jaco have continued to make a big impact on the cenlre, introducing MO community ran events. ich has really brought us a greater connecllon wtth residents. The Board are 8pprecialive for the support that all our fvnders have given to the project induding National Lottery Cofflmunity FurKI and Social Investment Buslness. Both of them placed their faith In the project lo enable the initial building works. We reiVed a number of small grants for speclfi¢ projects durirKJ the year that helped us lo deliver creative responses lo prevent isolation and loneliness. Yet again, il 1$ important to recognlse that none of this could have been achieved without the incredible hard work and dedication of our trustees arKI volunteers.
Chrlst Church Community Developments Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontiiiu¢OI Y•ar ended 30 September 2025 Financlal rwlew The centre is now well eslablish8d with in the community, the team are aotively engaging and wrxking wlth the community and our partners to ellSu that the centre is used effectively and to meet the needs of the local community. We recognise that there is more we could do to engage with the communlty and will continue to look for further opportunities to do this over the next year. Income from room lettings helps lo support the work we do. We have been continually monitoring the fees we charge to ensure that il is both competitive and covering the rising costs the centre faces. Our cash flow continue5 to be precarious, bul we are contlnualty monitoring this and finding ways to tweak and adapt our businoss mod81. Energy costs continue lo be a concern for us. and we are workltTrJ hard to keep an eye on how we can make savings In Ihis area. The Board are happy that th8 centre has become significanY more operationally robust over the last year but continue lo monitor our cash flow and $)nd as appropriate. Plans for fvture porlods We are looking to recruit some additional Iru51ees to our Lrd. 1th a focus on bringing in skills we know v4111 supwrt our sustainability as a centre. We are also looking lo secure Some core cosl funding. to help us have the bathing space lo be innovative and introduce new idea$. Small company provlslons This report has been prepared in accordance with the provisions apicae to companies entttted lo th8 sm211 companies exemption. The trustees, annual report was approved on 30 June 2026 and signed on behaw of th8 board of trustees ty. Mrs S Riches Truste8
Christ Church Community Developments Company Limited by Guarantee Chartered Accountants Report to the Board of Trusteas on the Preparation of the Unaudited Statutory Financial Statements of Christ Church Communlty Developments Year ended 30 S•ptomber 2025 As described on the statement of financial posrtion, the Iruslees of the charity are responsible for the preparation of the financlal slatemenls for the year ended 30 September 2025, which compris8 the stslement of financial acllvilles (induding income and expendf(ure account}, statement of financial positi'on and the related not&s. You ¢onsider that th8 charty is exempt from an audit under the Companies Acl 2006. In accordance wf(h your instructlons we have compiled these financlal statements in order lo assist you to fullil your slalulory responsibilities. from the accounting records and from irform81ion and explanations supplied lo us. GATLEY READ Charted Accountsnls Prince of Wales House 18119 Salmon Fields Business Village Salmon Fields Rofvon Oldham OL2 6HT
Christ Church Community Developments Company Limited by Guarantee Statement of Flnancial Activities (including income and expendlture account) Year ended 30 Soptember 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Income and end0VentS Donatlons and legacies Other trading activities Total incom• 26,187 50,947 77.134 9,829 36,016 50,947 86.963 1 S,791 37,406 53,197 9,829 Expgnditur¢ Expenditure on charitsble activities Totsl •xp8ndhuro 69,924 43,844 43,844 113,768 61,843 69,924 113.768 61,843 Nat expendlture and net movoment in funds 7,210 134,015) 126,805) 18.646) Reconclllatlon of fund8 Total funds brought forward Total funds carrfed forward {18,273) 1.227,835 {11,063) 1.193,820 1,209.562 1,182.757 1,218,208 1.209,562 The statement of finanual activities includgs all gains 2nd losses recognised in the year. All income and expenditure derive from continuing 2clivilEs. Th• not•s t)n pag•8 9 to 17 forrn of th•s• financial statements.
Christ Church Communlty Davelopments Company Limited by Guarantea Statement of Financlal Position 30 September 2025 2025 2024 Noie FIX assets Tangible fixed assets 12 1.712,774 1.744.300 Current ass•ts Debtors Cash at bank 8nd in hand 13 14,936 12.138 9,524 14,340 27,074 23,864 Credftor8: amounts falllng dué within on• y•ar Net ¢urrent assets 14 23.939 25,450 (1,586) 1,742.714 3,135 Total assets less Currenl Ilabllttles 1,715.909 Creditors: amounts falllng due after moro than one year 15 533.152 533.152 Not assets 1,182,757 1,209,562 Funds of the charlty Restricted funds Unre51ricled funds 1,193,820 {11.0631 1,182,751 1.227,835 118,273) 1.209,562 Total charity funds 17 For the year ending 30 September 2025 the charity wa5 entitled lo exemptlon from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, spOnsibl11t18s. The members have not required the company lo obtsin an audit of ils financial sts18menls for the year In question in accordance wlh section 476,. The directors acknedge their responsibilities for complying with the requirements of th8 Act with respect lo accounting records and the preparation of finanaal statements. These financial stslements have been prepared In a¢Cordar with the provisions applicable to )mp8nies subJ-8cI to the small Companies, regime. The statement of financial position continues on the following page. Thè notes on page$ 9 10 17 form part oftheM financlal statomonts.
Christ Church Community Developments Company Limitsd by Guaranto0 Statement of Financial Position (ont1*7U 30 September 2025 These financial slal8menls were approved by the board of trustees and authorised for issue on 30 June 2026. anfl are signed on behalf of the board by.. S IL'ofvS Mrs S Rhe8 Trustee The notes on pages g to 17 fomi part of th••• flnan¢lal statom•nt8.
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2025 Goneral Infomiallon The charity is a public benefti entity and a prlvate company limited by guarantee. registered in EnglaThJ and Wales and a registered charity in England and Wales. The address of the registered office is 4C Communlty Centre, Taunton Road. Ashlon Under Lyne, OL7 9DR. stat•m•nt of complian These finala1 Slalemenls have been prepared in compliance with FRS 102. 'The Financial Reporting Stsndard applicable in the UK Énd the Republic of Ireland,, the Statement of Recommended Practice applicable to charkie8 preparing their accounts in a¢¢ordance wth the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 1021) and the Companies AGt 2006. Ac¢ounting pollcles Basls of preparatlon The financial ststements have been prapared on the historical cost basis, a8 modified by the revaluation of certain financial asse15 and liabilities and inveslrnenl properties measured at fair Value through income or expenditure. The financial statements are prepared in steding. whi¢h is the fvnctlonal rrencY of the entity. Going conc•m There are no material uncertainties ab¢)ul the charitys abllity to continue. Judgomonts and k•y sourGgS of ostlmatlon un¢ortalnty The preparation of the financh81 gtstemenl$ requires management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the circurnstances. Fund a¢countlng Unreslrthd funds are available for Lrse at the discrelion of the trustees to fvrther any of th8 chariws purposes. Designated funds are unrestricted fiJnd5 earmarked by the Irustees for particular fuknre project or commitment. Restricted funds are subjected to restrictsons on Ihelr expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classe5.- restricted income funds or endowment fLtnd8.
Christ Church Community Developments Company Limited by Guarantge Not•s to the Flnancial Statements (ctsntinu•d) Ygar ended 30 September 2025 AGGounting poli¢i•s (conrfnu8dJ In¢omlng resour¢es All incoming resources are included in the statement of financial activtiies when enlittement has passed lo the charity,. il Is probable that the economic b8nefits associated vth the Iransactlon wll flow to the charity and th8 amount Can be reliably measured. The followng speufic policies are applled to particular categories of income.. income from donatnS or grants is recognised when there is evidence of enliuemenl to the grft. receipt is probable and its amount can b8 measured reliat4y. legY income is CognISed when receipt is probable and enlitlemenl is established. income from donated go(Mfjs is measured al Ihe fair value of the goods unless this is impra¢titrAI lo measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts vthen received If the value can be reliably measured. No amounts ar8 included for the )nlrlbulk)n of general volunteers. income from contracts for the supply of services is recognised Y*ith the delivery of the contracted service. This is dassffled as unrestricted funds unless the is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent. in whith case it may be regarded as restricted. Ro$our$ expended Expenditure Is recognised on an accruals basi$ as a liabllty Is Incurred. Expenditure in¢ludes any VAT whlch cannot be fully recovered. and is classWk8d under headings of the statement of flnancial activities to which it relates.. expenditure on raising funds in¢ludes the costs of all fundraising activities, events, non- charttable trading aclivilies, an¢J the sale of donated goods. expenditure on tharitsble acllvilies indudes all Gosts iftcurred by a charity in undertaking activit$ that further ils charitable aims for the berEfiI of its beneficiaries, induding those supwrt costs and ¢osts lating lo the governance of the charity appOrted to charitable activits. other expend((U includes all expenditure Ihal 1$ netiher related lo raising funds for the charity nor part of its expenditure on charitable a¢livf(ie$. All costs are alloGaled to expenditure Categor rdecting the use of the resource. Direct GostS attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, jLislrfiable and consistent basis. Tanglblg assets All red assets are initially recorded al cost. 10-
Christ Church Community Developments Company Limited by Guarantee Notes to tho Flnancial Statements I111 Year ended 30 September 2025 Accounting poli¢1os f¢ontlnu•d) Deproclation Depreciation is calculated so as to WTite off the cost or valuation of an asset, less its residual value, over the useful economi¢ lrfe of that asset as follows.. Fixtures. Fiitrngs & Equipment 25% reducing balance Impalrmont of flxed assats A review for indicators of impairment is carried out at each reportlng dal8, wilh the rarjverable amount being eslimaled where such indicator$ exist. Wheie the carying value exceeds the recoverable amount, the asset Is impaired accordingly. Piior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaimient testing. when rt is not sSIble to estimate the recoverable amount of an indNidual asset, an estimate 1$ made of the recoverable amount of the cash- generating unit lo which the asset belongs. The Ga5h-generatlng unit IS the smallest identifiable group of assets that includes the asset and generales cash infiows that largely independent of the cash inflows from other assets or groups of assets. For impaimienl testing of goodwlll, the goodwill acquired in a business combination is, from Ihe acquisition dale. allocated lo each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespe¢liv& of whether olher assets or liabilrties of the charity are assigned to those units. Financial instruments A financial asset a financlal liability is recognised On when Ihe charity becomes a party to the conlraclual provisions of the inslrumenl. Basic finanaal instruments are initially recognlsed al the amount receivable or payable induding any related transaction costs. Current assets and current liabilities are subsequenuy measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequentty measured al amortised cost. whe invostmenls in she$ are publicly traded or their fair value (xn olherwse be measured reliably, the investment is subsequently measured at fail value with changes in falr value recognised in income and expenditure. All other such investments are subsequenlly measured at COSt less impairment. Other financial instruments, induding derivatives. are inilialty reccgnlsed at fair value. unless payment for an asset Is deferred beyond normal business terms or finan al a rale of interest that is ml a market rate, in which case the asset measured al the present value of the future payments discounted al a market rale of interest for a similar debt Inslrumenl. Other financial instruments are subsequendy measured al fair value, wlth any changes recognised in the slalemenl of financial activities, with the exc£plion of hedging instruments in a designated hedging rglation5hip. 11
Christ Church Community Developments Company Limited by Guarantee Notss to the Financlal Statements (coninu•dJ Year ended 30 September 2025 Accounting poli¢io$ f¢ondnu•dl Finaneial Instruments (conthiu Flnancia5 assets that are measured at ¢osl or amortised cost are reviewed for objective evide of Impairment at the end of each reporting dale. If there is obj9Ctive evidence of impairment, an Impalrment loss is recognised under the appropriate h8ading in the statement of financlal activltth in lch the initial gain was reGogni$ed. For all equity instruments regardless of significance, and other financlal assets that are indNidually svJnificanl, these are assessed individually for impairment. Other financial assets are either assessed in¢Jividually OT grouped on the basis of similar credit risk characl8rlstics. Any reversals of impairment are recognised immediately, lo the extent th the reversal does rt result in a carrying amount of the financial asset that exceeds what the eary.ng amount would have been had the impairment not prevKwsly been recognised. Definod ¢ontrlbutlon plans Contributions to definod Gontribution plans are recognised as an expense in the period in whlch the related Servi is pfovTded. Prepaid contributions a recognised as an asset lo the extent that the prepayment will lead lo a reduction in futu payments or a cash refund. When contrlbutions are not expeded to be settleffj wholly withln 12 months of the end of the reporting dale in which the employees render the related s8rvice, the liability is measured on a discounted present value basis. The unwinding of the discount is reojgnised as an expense in th8 per) in which it arises. Llmllod by guarant•¢ As the company is Limited by Guarantee there are m) shareholders and therefore a Te¢on¢ilialion of movements in shareholders funds is inappropriate. Donatlons and legacles Unreslricled Funds Restricted Total Funds Funds 202S Donatlon8 Donations 26.187 26,187 Grants le1Vable 9,829 9,829 9,829 36,016 26.187 Unrestricted Funds Restricted Total Funds Funds 2024 Donation8 Donations 12,376 12,376 -12-
Christ Church Community Developments Company Llmlt•d by Guarante• Notes to the Financlal Ststements (condn} Year ended 30 Septsmber 2025 Donations and lègacie8 (¢onlinwd) Unrestricted Funds Restricted Total Funds Fund5 2024 Grants Grants receivable 3,415 3,415 3,415 12,376 15.791 Oth•r trading acilvltl•s Unrestricted Tolal Funds Unreslricled Total Funds Funds 2025 Funds 2024 Lettlng and licensing 50,947 50,947 37,406 37,406 Expenditure on charitabl• activities by fund type Unreslricled Funds Restricted Total FuTrd8 Funds 2025 Operation of community centre Support ¢o$ts 66.683 3,241 7,629 36,215 74,313 39.455 69,924 43,844 113.768 Unrestricted Funds Restricted Tot81 Fund$ Funds 2024 Operation of community centre Support C031s 54,754 1,404 56,158 3,415 2,270 58.169 3.674 5,685 61,843 Expenditur• on charitabl• actlvltlos by a¢tivity type A¢tNrtl95 undertaken direcuy Supwl costs Total fund$ 2025 Total fund 2024 Operation of communty centre Govemance costs 74,313 74,313 39.455 58.169 3,674 61,843 39,455 74,313 39,455 113.768 Nat oxpondlluro Net expenditure is slated after Chargin{Cre¢ll1lng).- 2025 2024 Depreciation of langlble fixed assets 36.201 13-
Christ Church Community Developments Company Limited by Guarantse Notes to the Financial Statements iconllnu•dJ Year ended 30 Septomber 2025 10. Staff costs The totat staff costs and employee benefits for the reporting period are analyEed as fdlows: 2025 2024 Wages and Salaries Social security Gosls Employer contributions lo pension plans Other employee berpfits 13,916 10.683 630 650 72 15,226 11,405 The average head Gounl of employees durfng the year was 1 {2024: 1 }. The average number of fullMe equivalent employe8s during the year Is analysed as follows= 2025 2024 Number ofstaff No eMoyee received employee benefits of more than £60,000 during the year (2024.. Nill. 11. Trust•• remuneration and exponses No r6munerallon or other benefits from ernoYment wilh the charty or a related entity were re¢elved by the trustees. 12. Tangible fixed assots Land 8nd buildings Equipmeftl Total Cost Al 1 October 2024 Additions 1.743,677 2,g97 4,675 1,746.674 4.675 At 30 SoPtomb8r 2025 Depwlation Ai 1 October 2024 Charge Ihe year At 30 September 2025 Carrying amount At 30 September 2025 At 30 September 2024 1.743.677 7.672 1,751.349 2,374 1,327 3,701 2,374 36,201 38.575 34.874 34,874 1,708,803 1,743,677 3,971 623 1,712,774 1,744,300 -14-
Christ Church Community Dovelopments Company Llmited by Guarantse Notes to the Flnancial Statements {conafnued) Year anded 30 September 2025 13. Debtors 2025 2024 Trade debtors PrepayTnenls and accrued income 14,234 702 9,160 364 14,936 9.524 1& crltOrs. amounts falllng duo within ono yoar 2025 2024 Trade creditors Accruals and deferred Income Social security and other taxes Director loan accounts Other creditors 16.493 1,379 4,773 20,432 1.428 2.067 1.440 83 23.939 25,450 15. Creditors: amounts falllng due after more ihan one yoar 2025 2024 Bank loans and overdrafts 533,152 533,152 Other loans corn$e a loan from The Social Investment Business. The loan is $ured by a first fixed legal charge over the company's woperty in the course of conslruclion. This Gharge ranks pari-passu with the flrsl flxed legal charge granted lo The Big Lottery Fund. 16. Penslons and other post rntiromgnt beneflts Dollned contrlbution plan5 The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £630 {2024.- £6501. 15-
Christ Church Comrnunity Developments Company Limited by Guarantse Notes to the Financlal Statements (conlinuedj Year ended 30 September 2025 17. Analysls of charitable funds Unre8trlcted fund8 At 1 October 202 30 Septombe r 2025 Income Expenditure General funds 118,2731 77.134 {69,924} 111,063) At 1 October 202 At 30 September 2024 Income ExndItre General funds {11,8971 49,782 156,1581 {18.273) RostrSctod funds At 1 October 202 At 30 septembe r 2025 Income Expenditure Biq Lottery Fund The SoGial Investment Busines$ Capital TMBC Other tricted funds 509,672 134,874) 474,796 436,911 120,000 161,252 1,227,835 436,911 120,000 18,970} 162,111 {43,8441 1.193.820 9,829 9,829 At 1 October 202 30 September 2024 Income Expenditure Bu Lottery Fund The Social Investment Business Capital TMBC Other reslrthd funds 511,942 3,415 (5,6851 509.672 436.911 120,000 161,252 436.911 120.000 161.252 1,230,105 3,415 {5,6851 1,227,835 16-
Christ Church Community Devolopments Company Llmlted by Guarantee Notes to the Flnancial Statements iconllnu8dJ Year ended 30 September 2025 17. Analysis of charltable funds (¢ontlnu• Purposes of Restrlcted Funds Blg Lottery Fund These are grants used lo fund the ongoiro development of the companvs property in the course of construction. The funds &lvanced are secured by a flrsl fix8d legal charge over the above prowty. This charge ranks pari-passu with the first fixed legal charge granted to the Social Investment Business. Other re8trlcted funds These are donations, primarily from local businesses. used to fund the ongoing dev8bpment of the companls property in the course of con$lru¢tion. The Soclal Investment Buslness - Capital These are grants used lo fund the ongoiTrJ development of the CmpanI$ property in the cwrse of construcb'on. The funds advanced are secured by a first flxed legal charge over the above propety. This charge ranks pari-passu wtlh the first fixed legal charge granted lo the Big Lottery Fund. The Soclal Invéstm•nt 8usinoS5- Project Mana9oment This is a grant received lo fund the salary costs of a proieGt manager and support Staff. 18. Analysis of net ass•ts botwoen funds Unrestricted Fijnds Reslricled Total Funds Funds 2025 Tanglble fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Not as$ot$ 3,971 27,074 {23,939) 1,708,803 1,712,774 27,074 (23,9391 (533.1521 (533.1521 1.175.651 1,182,757 7.106 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets CdItorS less than 1 year CdItorS greal8r than 1 year Not a$80ts 623 23.864 125,4501 1,743,677 1,744,31)0 23,864 125,450} 1533,152) 1533,1521 {963) 1.210.525 1,209,562 -17-