Company Registration Number - 05658775 

The Charity Registration Number is :-    1117339 

## Delamere Forest School Limited 

## Report and Accounts 

31 August 2023 



## **Delamere Forest School Limited** 

## **Report and accounts for the year ended 31 August 2023** 

## **Contents** 

||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of trustees' responsibilities**||7|
|**Independent examiner's report**||8|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||9|
|Statement of Financial Activities - Prior Year statement||10|
|Statement of total recognised gains and losses||11|
|Movements in funds||12|
|Income and Expenditure account||13|
|**Balance sheet**||14|
|**Notes to the accounts**||16|





## **Delamere Forest School Limited** 

Company Registration Number - 05658775 

## **Trustees' Annual Report for the year ended 31 August 2023** 

The Trustees present their Report and Accounts for the year ended 31 August 2023, which also comprises the Directors' Report required by the Companies Act 2006. 

## **Reference and administrative details** 

## _**The charity name.**_ 

The legal name of the charity is:- Delamere Forest School Limited 

## _**The charity's areas operation and UK charitable registration.**_ 

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW)  with charity number 1117339 

## _**Background**_ 

The Charity started just over 100 years ago as a health orientated residential school (Fresh Air Home and School) in Cheshire servicing the UK Jewish community. It later evolved to focus on the education of children with special needs within a wholly Jewish environment.  In 2007 the operating activities and net assets of the registered Charity Delamere Forest School (No. 525913), were transferred to Delamere Forest School Limited for nil consideration. The book value of the net assets transferred was treated as an endowment fund for the purposes of future financial statements. 

Following years of growing financial pressure as local authority financial support (particularly for residential pupils) became tighter, the Trustees were regretfully obliged to close the school in 2011 and subsequently sold off the Cheshire site. Since then, the Charity has developed a positive new role supporting specialist educational provision for Jewish children with special needs and disabilities, particularly in Greater Manchester.  To reflect that new role, the Charity now operates under the name, "Delamere Charitable Trust" and has developed as a promoter of, and funder to, selected specialist educational services providers. 

The finances were initially stabilised through careful financial control then boosted substantially by several major legacies which the Trustees used to boost its charitable activities, carve out a new ongoing role and reputation in the Manchester Jewish community and build investment reserves for future income. 

## _**Legal structure of the charity**_ 

The Charity is governed by memorandum and articles of association dated 20 December 2005.  These were amended on 15 March 2012. In September 2020, they were further amended to formalise the use of virtual communications when physical meetings are not possible. 

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. 

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. 

The trustees are all  individuals. 

1 



## **Delamere Forest School Limited** 

Company Registration Number - 05658775 

## **Trustees' Annual Report for the year ended 31 August 2023** 

## **The principal operating address, telephone number, email and web addresses of the charity are:-** 

Delamere Charitable Trust Heathlands Village Heathlands Drive, Prestwich ManchesterM25 9SB 

Telephone 0161 773 2580 Email Address charity@delamerecharitabletrust.org.uk Web address http://www.delamerecharitabletrust.org.uk/ 

The registered office of the charity for Companies Act purposes is:- 

8-10 Gatley Road Cheadle, Cheshire SK8 1PY 

## **The Trustees in office on the date the report was approved were:-** 

Mr S Cohen Mr P W Reed Ms J Richler Mr D Rubinstein Mr S Salomon 

## **Objects and activities of the charity** 

## _**The purposes of the charity as set out in its governing document.**_ 

The Charity's Objects, as set out in its Articles, are to provide for appropriate education and care according to the individual needs of children of the Jewish faith. The Charity operates within the United Kingdom. 

## _**The main activities undertaken in relation to those purposes during the year.**_ 

Aims and Intended Impact 

Within the above objects, our main charitable aim during the year was to maintain, within the limits of our finances our previous support for carefully selected SEN service providing organisations who provide high quality, innovative new services which benefit the education of the Charity's traditional client group, Jewish children with special educational needs. 

Throughout this, we remained committed to ensuring our activities safeguarded and promoted the welfare of children and we expect all volunteers, and the organisations we support, to share this commitment.  Our policy on safeguarding and related matters was reviewed and updated during the year. 

2 



## **Delamere Forest School Limited** 

Company Registration Number - 05658775 

## **Trustees' Annual Report for the year ended 31 August 2023** 

## Objectives for the Year 

In setting our objectives and planning our activities the Trustees gave careful consideration to the Charity Commission's general guidance on public benefit. 

Our key objectives for the year included: 

- Monitoring the impact of our support for specific SEN service providing organisations - our service provider partners - to ensure our funding was well used and produced the intended impacts. 

- Actively promoting partnership and cooperation among our service provider partners and other specialist Jewish Manchester based SEN service providers and schools so as to share scarce resources, knowhow and ideas for mutual benefit and cost effectiveness. 

## Principal Activities 

The principal activities continue to be supporting the provision of educational services for children with special educational needs. 

## **The main achievements and performance of the charity during the year.** 

## Principal charitable activities of the year 

The Trustees continued to manage the Charity’s funding awards to selected schools and service providers. The management activity involved carefully drawing up Award Agreements, making staged payments on the receipt of documentary evidence proving the expenditure, and obtaining regular reports explaining and verifying the impacts of the funding in line with the original undertakings from these organisations.  The ongoing projects continue to have a major impact on the Charity's client group with over 200 young people with a range of learning disabilities, and their families, benefitting in a variety of ways during the year.  This was despite the impact of pandemic restrictions on in-person meetings through a large part of the year. 

The Charity increased its support for the development of JSENSE which brings together experts in education, health and social care, to plan and implement innovative new services (such as parental support and advice, teacher training and educational consultancy) so as to improve educational and life outcomes for Jewish children with special educational needs across the whole Greater Manchester Jewish community. 

The Charity continued financial support for Special Spirits, a very successful, and growing, after school club for Jewish Children with significant special needs.  The Charity also continued to support Club Tikva, another after school Club in North Manchester for Jewish children with behavioural and communication issues, where professional staff successfully help those children to overcome their social and relationship difficulties.  The feedback from children, families and schools remains very positive for both these clubs. 

The Charity’s vital specialist teaching support for dyslexic children at North Cheshire Jewish Primary School and a Mindfulness project at Bury and Whitefield Jewish Primary School for struggling pupils, were continued. 

3 



## **Delamere Forest School Limited** 

Company Registration Number - 05658775 

## **Trustees' Annual Report for the year ended 31 August 2023** 

OYY Lubavitch Boys' School continued to adapt their very helpful SEN support services for all Manchester Jewish schools in innovative ways. These services are very much in line with the Charity’s objective to promote partnership and cooperation among the various Jewish schools. These services are an excellent example of the efficient use of scarce SEN support skills and resources across SEN service providers in the local Jewish community. 

## _**Fundraising activities during the year.**_ 

We are extremely grateful to the organisations and individuals in the Jewish community who have continued to support us financially. 

## _**Investment performance**_ 

The Trustees maintained the Charity’s investment profile in low to medium risk investments during the year. This was seen as the best way to maintain the Charity's future income available to support charitable activities while offsetting the further declines in interest rates available from the banks and staying within the Charity's Investment Policy. 

During the period the listed investments incurred an unrealised loss of £108,602, bringing the closing value to £631,643 at the period end. The Trustees continued to be guided by their Financial Advisors during these uncertain economic times. 

## **Structure, governance and management of the charity** 

## _**The methods used to recruit and appoint new charity trustees.**_ 

Trustees are appointed at Trustee meetings on the basis of recommendations received. New Trustees are inducted into the working of the Charity to enable them to understand and fulfil their roles. They are also encouraged to participate in appropriate ongoing training. 

## _**The charity's organisational structure.**_ 

The Trustees are responsible for the overall management of the Charity and meet several times a year. The work of implementing the decisions and policies of the Charity is carried out by Trustees, and by small groups of Trustees with individually agreed delegated responsibilities. 

All Trustees give of their time freely and no remuneration or expenses were paid in the year. 

The Trustees confirm that they have, when and where necessary to do so, paid regard to the Charity Commission's Guidance on Public Benefit when considering and making decisions. 

4 



## **Delamere Forest School Limited** 

Company Registration Number - 05658775 

## **Trustees' Annual Report for the year ended 31 August 2023** 

Bankers 

Lloyds TSB plc, Church Street, 88-94 Church Street, Liverpool, L1 3HD Vernon Building Society, 19 St Petersgate, Stockport, SK1 1HF Virgin Money, 1 Princess Street, Manchester, M2 4DF 

Cambridge & Counties Bank, Charnwood Court, New Walk, Leicester, LE1 6TE 

Hampshire Trust Bank, Savings, PO Box 74003, London, EC2P 2QR 

Investment 

Quilter, Quilter House, Portland Terrace, Southampton, SO14 7EJ Charter Hall, Level 20, 1 Martin Place, Sydney, NSW 2000 

## **Financial review** 

## _**The charity's financial position at the end of the year ended 31 August 2023**_ 

The financial position of the charity at 31 August 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- 

|Net excess of income over expenditure<br>Designated Revenue Funds<br>**_Total Unrestricted Funds_**<br>**Total Funds**<br>**Total Net Movement in Funds**<br>Unrestricted Revenue Funds available for the<br>general purposes of the charity<br>Unrealised losses on investments|**2023**<br>**£**<br>(208,342)<br>(108,602)<br>(316,944)<br>649,442<br>-<br>**649,442**<br>649,442|**2022**<br>**£**<br>(101,303)<br>(145,413)|
|---|---|---|
|||(246,716)<br>966,386<br>-|
|||**966,386**|
||||
|||966,386|



## _**Financial review of the position at the reporting date, 31 August 2023 .**_ 

As expected, in view of the lack of major legacies and the difficulties in fundraising, expenditure on charitable activities again exceeded income by £208,342. During the year investments produced a £108,602 unrealised loss bringing a net reduction in funds for the period of £316,944. 

The Trustees wished to continue to maintain charitable expenditure during the challenging period for the sake of the Charity’s targeted clientele, Jewish children with special educational needs. The Trustees continue to believe that further major legacy receipts are very unlikely. 

The Trustees' view remains that in any particular year short term gains or losses are uncertain, so unrealised capital losses could prove temporary. The investments are made for the medium term to increase the Charity's annual income while providing the potential of limited gains in value. Interest rates remain at levels that oblige the Charity to retain and manage its investments so as to generate future income. 

The continuing difficulties, for the time being, in achieving a significant increase in fundraising activities suggests that charitable expenditure is likely to continue to exceed income and it is far from certain whether in current circumstances whether there will be any further increase in the value of investments to help offset that. 

## _**Policies on reserves.**_ 

The Trustees continually review the levels of resources required by the Charity. The Charity aims to have free reserves which are those unrestricted funds not invested in long term assets. The Trustees consider the nature of the future planned charitable activities and the income required to cover those. They then set the required minimum level of liquid and semi-liquid reserves to cover all known future liabilities and ensure they are kept in excess of that level with a comfortable margin for contingencies. 

The minimum level of liquid and semi-liquid reserves is currently set at £150,000, substantially below the actual level of those reserves. 

5 



## **Delamere Forest School Limited** 

Company Registration Number - 05658775 

## **Trustees' Annual Report for the year ended 31 August 2023** 

## _**Availability and adequacy of assets of each of the funds**_ 

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. 

## _**Investment policy and investment objectives.**_ 

The Charity's aim remains to maximise the total investment return on its investments (within appropriate risk parameters) and with due reference to the responsibilities of the Trustees for the assets of the Charity.  The objectives are: - 

- to generate a growing income to support its charitable activities in future years while preserving or growing the value of the total investments in the medium term, recognising the cyclical nature of investment markets. 

- to invest in realisable open-ended funds which seek to limit excessive volatility in asset values. 

The Trustees use the services of a registered Independent Financial Adviser to propose suitable medium term investments, to monitor and report on the total portfolio, and to suggest suitable adjustments where necessary. 

## _**The major risks to which the Charity is exposed and reviews and systems to mitigate them.**_ 

The Trustees are responsible for the management of risks faced by the Charity. Risks are identified and assessed, and controls established throughout the year. 

The key controls used by the Charity include: 

- formal agendas and minutes for all Trustees' meetings 

- agreed individual responsibilities for Trustees on which they regularly report 

- regular financial reports including reviews of how the Charity's funds are being utilised 

- regular written reports and papers on the conduct and development of the Charity 

- development of the Charity's strategies and update of policies through continuous review 

- clear authorisation and approval levels 

- vetting procedures when required by law for the protection of children 

## **Details of The Independent Examiner** 

Eric Langer BSc FCA Chartered Accountant 8-10 Gatley Road Cheadle Cheshire SK8 1PY 

6 



## **Delamere Forest School Limited** 

Company Registration Number - 05658775 

## **Trustees' Annual Report for the year ended 31 August 2023** 

## **Statement of the Responsibilities of Directors and Trustees** 

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of  the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . 

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :- 

- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 

- select suitable accounting policies and apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; 

- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. 

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. 

## **Method of preparation of accounts - Small company provisions** 

The financial statements are set out on pages 9 to 23. 

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP),   and in accordance with the Financial Reporting Standard 102, (effective 1st January 2019) 

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 

30/05/2024 

This report was approved by the board of trustees on  ……………………………….... **…………………………** Pt Rood 

Mr P W Reed Director and Trustee 

7 



**Delamere Forest School Limited** 

## **Report of the Independent Examiner to the Trustees of Delamere Forest School Limited on the financial statements for the year ended 31 August 2023** 

I report to the Trustees on my examination of the financial statements of the charity on pages 1 to 23 for the year ended 31 August 2023 

## _**Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**_ 

As described on page 7, you, the Charity's Trustees (and also its directors for the purposes of company law), are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent Examiner's Statement** 

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

1. accounting records were not kept in respect of the Charity as required by with Section 386 of the 2006 Act; or 

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

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 

## 30 May 2024 

………………………… **Eric Langer BSc FCA** 

………………………… 

## **Date** 

ICAEW 

8-10 Gatley Road Cheadle Cheshire SK8 1PY 

8 



## **Delamere Forest School Limited - Statement of Financial Activities for the year ended 31 August 2023** 

## _**Statement of Financial Activities (including the  Income and Expenditure Account for the year ended 31 August 2023, as required by the Companies Act 2006)**_ 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>**Income & Endowments from:**<br>Donations & Legacies<br>A1<br>2,534<br>Investments<br>A4<br>55,566<br>**Total income**<br>**A**<br>**58,100**<br>**Expenditure on:**<br>Raising funds<br>B1<br>6,536<br>Charitable activities<br>B2<br>259,906<br>**Total expenditure**<br>**B**<br>**266,442**<br>Net gains/(losses) on investments<br>B4<br>(108,602)<br>**Net expenditure for the year**<br>**(316,944)**<br>**Net income after transfers**<br>**A-B-C**<br>**(316,944)**<br>**(316,944)**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>966,386<br>**Total funds carried forward**<br>**649,442**<br>**SORP**<br>**Ref**<br>**Net movement in funds**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>2,534<br>55,566<br>|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**2,534**<br>**55,566**<br>**58,100**<br>**6,536**<br>**259,906**<br>**266,442**<br>**(108,602)**<br>**(316,944)**<br>**(316,944)**<br>**(316,944)**<br>**966,386**<br>**649,442**|**Prior Year**<br>**Total**<br>**Funds**<br>**2022**<br>**£**<br>2,924<br>46,729|
|---|---|---|---|---|
||**58,100**|**-**||**49,653**|
||6,536<br>259,906|-<br>-||8,067<br>142,889|
||**266,442**|**-**||**150,956**|
||(108,602)|-||(145,413)|
||**(316,944)**|**-**||**(246,716)**|
|||**-**||**(246,716)**|
||**(316,944)**<br>966,386|**-**<br>-||**(246,716)**<br>1,213,102|
||**649,442**|**-**||**966,386**|



The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. 

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts. 

All the prior year transactions were unrestricted items, and no further analysis is required 

All activities derive from continuing operations 

**The notes attached on pages 16 to 23 form an integral part of these accounts.** 

9 



## **Delamere Forest School Limited - Statement of Financial Activities for the year ended 31 August 2023** 

|**Income from:**<br>Donations & Legacies<br>A1<br>Investments<br>A4<br>**Total income**<br>**A**<br>**Expenditure on:**<br>Raising funds<br>B1<br>Charitable activities<br>B2<br>**Total expenditure**<br>**B**<br>B4<br>**Net expenditure for the year**<br>**Net income after transfers**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>**Total funds carried forward**<br>**SORP**<br>**Ref**<br>**Net movement in funds**<br>Net gains/(losses) on investments|**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2022**<br>**£**<br>2,924<br>46,729<br> <br>|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2022**<br>**£**<br>-<br>-|**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>**2,924**<br>**46,729**|
|---|---|---|---|
||49,653|-|49,653|
||8,067<br>142,889|-<br>-|**8,067**<br>**142,889**|
||**150,956**|**-**|**150,956**|
||(145,413)<br>(101,303)|-<br>-|**(145,413)**<br>**(101,303)**|
||(246,716)|-|(246,716)|
||**(246,716)**<br>1,213,102|**-**<br>-|**(246,716)**<br>**1,213,102**|
||**966,386**|**-**|**966,386**|



**All activities derive from continuing operations** 

10 



## **Delamere Forest School Limited - Statement of Financial Activities for the year ended 31 August 2023** 

**Statement of Total Recognised Gains and Losses for the year ended 31 August 2023** 

|**Deficit for the year :-**<br>**_Income from operations before tax in the Statement of Financial Activites_**<br>**_Add/(deduct) non income and expenditure items:-_**<br>Unrealised losses on investments<br>**Net Movement in funds before taxation**<br>**Funds generated in the year as shown on Statement of Financial Activities**<br>Net excess of income over expenditure from operations before tax|**2023**<br>**£**<br>(208,342)<br>**(208,342)**<br>(108,290)<br>**(316,944)**<br>**(316,944)**|**2022**<br>**£**<br>(101,303)<br>**(101,303)**<br>(145,413)<br>**(246,716)**<br>**(246,716)**|
|---|---|---|
||||
||||
||||
|**2023**<br>**2022**<br>**£**<br>**£**<br>Funds generated in the year as detailed in the SOFA<br>(316,944)<br>(246,716)<br>**Net resources available to fund charitable activities**<br>**(316,944)**<br>**(246,716)**<br>**Delamere Forest School Limited - Resources applied in the year ended 31 August 2023 towards fixed**<br>**assets for Charity use:-**|||



**The notes attached on pages 16 to 23 form an integral part of these accounts.** 

11 



**Delamere Forest School Limited - Statement of Financial Activities for the year ended 31 August 2023** 

## **Movements in revenue and capital funds for the year ended 31 August 2023** 

## **Revenue accumulated funds** 

|**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Accumulated funds brought forward<br>966,386<br>-<br>(316,944)<br>-<br>**649,442**<br>**-**<br>**Closing revenue funds**<br>**649,442**<br>**-**<br>**Designated revenue funds included within the unrestricted funds above**<br>At 1 September<br>Transfer (to)/from revenue accumulated funds<br>**At 31 August**<br>Recognised gains and losses before transfers|**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>966,386<br>(316,944)|**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-|**Total**<br>**Funds**<br>**2023**<br>**£**<br>966,386<br>(316,944)<br>**649,442**<br>**649,442**<br>**Total**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-<br>-|**Last year**<br>**Total Funds**<br>**2022**<br>**£**<br>**1,213,102**<br>(246,716)|
|---|---|---|---|---|
||**649,442**|**-**||**966,386**|
||**649,442**|**-**||**966,386**|
|||||**Last year**<br>**Total Funds**<br>**2022**<br>**£**<br>72,434<br>(72,434)|
|||||-|



The purposes for which these funds have been designated are described in Note 15 to the accounts. 

|**Summary of  funds**<br>Revenue accumulated funds<br>Revenue designated funds<br>**Total funds**|**Unrestricted**<br>**Restricted**<br>**and**<br>**Funds**<br>**Designated funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>649,442<br>-<br>-<br>-<br>**649,442**<br>**-**|**Unrestricted**<br>**Restricted**<br>**and**<br>**Funds**<br>**Designated funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>649,442<br>-<br>-<br>-<br>**649,442**<br>**-**|**Total**<br>**Funds**<br>**2023**<br>**£**<br>**649,442**<br>**-**<br>**649,442**|**Last Year**<br>**Total Funds**<br>**2022**<br>**£**<br>966,386<br>-|
|---|---|---|---|---|
||**649,442**|**-**||**966,386**|



**The notes attached on pages 16 to 23 form an integral part of these accounts.** 

12 



**Delamere Forest School Limited - Statement of Financial Activities for the year ended 31 August 2023** 

## **Delamere Forest School Limited** 

**Income and Expenditure Account for the year ended 31 August 2023 as required by the Companies Act 2006** 

|**_Income_**<br>Income from operations<br>Income from investments, other than interest receivable<br>Interest receivable<br>**Gross income in the year before exceptional items**<br>**Gross income in the year including exceptional items**<br>**_Expenditure_**<br>Charitable expenditure, excluding depreciation and amortisation<br>Fundraising costs<br>Governance costs<br>**Total expenditure in the year**<br>Tax on surplus on ordinary activities<br>**Retained surplus for the financial year**<br>**Net income after tax in the financial year**<br>**Net income before tax in the financial year**<br>Investment income|**2023**<br>**£**<br>2,534<br>53,243<br>2,323<br>**58,100**<br>**58,100**<br>**258,346**<br>**6,536**<br>**1,560**<br>**266,754**<br>(208,654)<br>-<br>**(208,654)**<br>**(208,654)**|**2022**<br>**£**<br>2,924<br>44,671<br>2,058|
|---|---|---|
|||**49,653**|
|||**49,653**|
|||**141,377**<br>**8,067**<br>**1,512**|
|||**150,956**|
|||(101,303)<br>-|
|||**(101,303)**|
|||**(101,303)**|



All activities derive from continuing operations 

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities. 

## **The notes attached on pages 16 to 23 form an integral part of these accounts.** 

13 



## **Delamere Forest School Limited -  Balance Sheet as at 31 August 2023** 

|||**SORP**|||||
|---|---|---|---|---|---|---|
||Note|**Ref**||**2023**||**2022**|
|||||**£**||**£**|
|**Fixed assets**||A|||||
|Investments held as fixed assets|6|A4||631,643||743,264|
|**Current assets**||B|||||
|Debtors|7|B2|726||888||
|Cash at bank and in hand||B4|18,633||223,914||
|**Total current assets**|||19,359||224,802||
|**Creditors: amounts falling due within**|||||||
|**one year**|8|C1|(1,560)||(1,680)||
|**Net current assets**||||17,799||223,122|
|||||649,442||966,386|
|**_Net  assets_**|||||||
|**The total net assets of the charity**||||649,442||966,386|
|**The total net assets of the charity are**|**funded**|**by the**|**funds of the**|**charity, as follows:-**|||
|**Restricted funds**|||||||
|**Unrestricted Funds**|||||||
|Unrestricted Revenue Funds|12|D3||649,442||966,386|
|**Designated Funds**|||||||
|Designated Revenue Funds|12|D3||-||-|
|**Total charity funds**||||649,442||966,386|



The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.. 

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. 

The members have not required the company to obtain an audit in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. 

14 



## **Delamere Forest School Limited -  Balance Sheet as at 31 August 2023** 

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8. 

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 

………………………… **Mr D Rubinstein** Trustee 30/05/2024 Approved by the board of trustees on ………………………………… 

**The notes attached on pages 16 to 23 form an integral part of these accounts.** 

15 



**Delamere Forest School Limited** 

## **Notes to the Accounts for the year ended 31 August 2023** 

## **1 Accounting policies** 

## _**Policies relating to the production of the accounts.**_ 

## **Basis of preparation and accounting convention** 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities SORP(FRS102), as amended by Update Bulletin 1. 

The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and SI 2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to Charities SORP (FRS102) in accordance with Reg.8(4)(d) of SI 2008/629, the charity trustees have departed from the requirement of Reg.8(5) by following Charities SORP (FRS102) instead of Charities SORP (FRSSE) to the extent necessary to give a true and fair view in the circumstances. 

## **Going Concern** 

The Trustees are satisfied that, at the time of approving the financial statements, it is  appropriate  to adopt the going concern  basis  in preparing  the financial statements. 

## **Risks and future assumptions** 

The charity constitutes a public benefit entity as defined by FRS102. 

The charity is an company limited by guarantee registered in England. The principal address of the charity is Heathlands Village, Heathlands Drive, Prestwich, Manchester, M25 9SB. 

## _**Policies relating to categories of income and income recognition.**_ 

## **Nature of income** 

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: 

## **Categories of Income** 

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. 

Income from investments is included in the year in which it is receivable. 

Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. 

## _**Policies relating to expenditure on goods and services provided to the charity.**_ 

## **Recognition of liabilities and expenditure** 

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. 

Costs of generating funds comprise the costs associated with attracting voluntary income. 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. 

Governance costs include all administrative and legal expenditure incurred by the charity in order to meet statutory and regulatory requirements. 

16 



**Delamere Forest School Limited** 

## **Notes to the Accounts for the year ended 31 August 2023** 

## _**Policies relating to assets, liabilities and provisions and other matters.**_ 

## **Fixed asset investments** 

Listed investments are at market value. 

## **Financial instruments including cash and bank balances** 

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn,  are shown at the amounts properly reconciled to the bank statements. 

## **Fund Accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charit 

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. 

## **2 Liability to taxation** 

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 

## **3 Winding up or dissolution of the charity** 

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 

## **4 Investment gains** 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>**_Realised gains/(losses)_**<br>Listed investments<br>**(312)**<br>**Total realised gains/(losses)**<br>**(312)**<br>**_Unrealised gains /(losses) and writing down of carrying values_**<br>Listed investments - Unrealised<br>**(108,290)**<br>**Total unrealised gains/(losses) etc**<br>**(108,290)**<br>**Total realised and unrealised gains**<br>**(108,602)**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>**(312)**|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>**-**|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**(312)**|**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>**-**|
|---|---|---|---|---|
||**(312)**|**-**|**(312)**|**-**|
|||**-**|**(108,290)**|**(145,413)**|
||**(108,290)**|**-**|**(108,290)**|**(145,413)**|
||**(108,602)**|**-**|**(108,602)**|**(145,413)**|



17 



**Delamere Forest School Limited** 

## **Notes to the Accounts for the year ended 31 August 2023** 

## **5 Remuneration and payments to Trustees and persons connected with them** 

No trustees or persons connected with them received any remuneration or expenses from the charity, or any related entity. 

## **6 Investments held as fixed assets** 

|**Carrying values of investments**<br>At 1 September 2022<br>Additions<br>Revaluation at 31 August 2023<br>Disposals<br>**At 31 August 2023**<br>**Analysis between fair value and historical cost**<br>Investments as above held at fair value<br>**7 Debtors**<br>Prepayments and accrued income<br>**8 Creditors: amounts falling due within one year**<br>Accruals<br>**9 Income and Expenditure account summary**<br>**At 1 September 2022**<br>Loss after tax for the year<br>**At 31 August 2023**|**£**<br>-<br>-<br>-<br>-<br>**Investments**<br>**in**<br>**subsidiaries**|**Listed**<br>**investments**<br>**£**<br>743,264<br>1,294<br>(108,290)<br>(4,625)|**Other**<br>**Classes of**<br>**Investment**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**|**Total**<br>**£**<br>743,264<br>1,294<br>(108,290)<br>(4,625)|
|---|---|---|---|---|
||**-**|**631,643**|**-**|**631,643**|
||-|631,643|-<br>**2023**<br>**£**<br>726|631,643<br>**2022**<br>**£**<br>888|
||||**726**|**888**|
||||**2023**<br>**£**<br>**1,560**|**2022**<br>**£**<br>**1,680**|
||||**1,560**|**1,680**|
||||**2023**<br>**£**<br>1,111,799<br>(208,654)|**2022**<br>**£**<br>1,213,102<br>(101,303)|
||||**903,145**|**1,111,799**|



## **10 Related party transactions** 

During the year the Trust made donations totalling £155,000 (2022 £45,000) to JSENSE, charity number 1151197, a trust it is associated with through common trustees. 

18 



## **Delamere Forest School Limited** 

## **Notes to the Accounts for the year ended 31 August 2023** 

## **11 Particulars of how particular funds are represented by assets and liabilities** 

|**At 31 August 2023**<br>Investments at valuation:-<br>_Fixed asset investments_<br>Current Assets<br>Current Liabilities<br>**At 1 September 2022**<br>Investments at valuation:-<br>Fixed asset investments<br>Current Assets<br>Current Liabilities<br>Long Term Liabilities|**Unrestricted**<br>**funds**<br>**£**<br>631,643<br>19,359<br>(1,560)|**Designated**<br>**funds**<br>**£**<br>-<br>-|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-|**Total**<br>**Funds**<br>**£**<br>**631,643**<br>**19,359**<br>**(1,560)**|
|---|---|---|---|---|
||**649,442**|**-**|**-**|**649,442**|
||**Unrestricted**<br>**funds**<br>**£**<br>743,264<br>224,802<br>(1,680)<br>-|**Designated**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-|**Total**<br>**Funds**<br>**£**<br>**743,264**<br>**224,802**<br>**(1,680)**<br>**-**|
||**966,386**|**-**|**-**|**966,386**|



## **12 Change in total funds over the year as shown in Note 11 , analysed by individual funds** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**Total unrestricted and designated funds**<br>**Total charity funds**|**£**<br>966,386<br>**Funds**<br>**brought**<br>**forward**<br>**from 2022**|**See Note 13**<br>**£**<br>(316,944)<br>**Movement**<br>**in funds in**<br>**2023**|**See Note 14**<br>**£**<br>**-**<br>**Transfers**<br>**between**<br>**funds in**<br>**2023**|**£**<br>**649,442**<br>**Funds**<br>**carried**<br>**forward to**<br>**2024**|
|---|---|---|---|---|
||**966,386**|**(316,944)**|**-**|**649,442**|
||||||
||**966,386**|**(316,944)**|**-**|**649,442**|



## **13 Analysis of movements in funds over the year as shown in Note 12** 

||||**Other**||
|---|---|---|---|---|
||**Income**|**Expenditure**|**Gains &**|**Movement**|
||||**Losses**|**in  funds**|
||**2023**|**2023**|**2023**|**2023**|
||**£**|**£**|**£**|**£**|
|**_Unrestricted and designated funds:-_**|||||
|Unrestricted Revenue Funds|**58,100**|**(266,442)**|**(108,602)**|**(316,944)**|
|Gains and losses are detailed in notes 4 and 6.|||||



## **14 Details of transfers between funds in the year as shown in Note 12** 

|To/(from) Designated Revenue Funds<br>**Net transfers**<br>The transfers shown in note 12 above are:-<br>To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital<br>grants and fixed asset funds'.|**2023**<br>**£**<br>-<br>-|
|---|---|
||**-**|



**Net transfers** 

19 



**Delamere Forest School Limited** 

**Notes to the Accounts for the year ended 31 August 2023** 

## **15 The purposes for which the funds as detailed in note 12 are held by the charity are:-** 

## _**Unrestricted and designated funds:-**_ 

These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use. A designated fund for uncrystallised gains on current asset investments Designated Revenue Funds and provisions. 

## **16 Ultimate controlling party** 

Delamere Forest School Limited is a company limited by guarantee and accordingly does not have a share capital. 

Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

20 



## **Delamere Forest School Limited** 

**Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the Charities SORP (FRS102)** 

## _**This analysis is classified by conventional nominal descriptions and not by activity.**_ 

|**17**<br>**Donations and Legacies**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>**Donations and gifts from individuals**<br>1,103<br>**1,103**<br>**Legacies receivable**<br>1,000<br>**1,000**<br>**Revenue grants and donations from non public bodies**<br>431<br>**431**<br>**Total Donations and Legacies**<br>**A1**<br>**2,534**<br>**Total private sector revenue grants**<br>Small grants individually less than £1000<br>Small donations individually less than £1000<br>Small legacies individually less than £1000<br>**Total legacies receivable**<br>**Total donations and gifts from individuals**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>1,103|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>**-**<br>-<br>**-**<br>-<br>**-**<br>**-**|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**1,103**<br>**1,103**<br>**1,000**<br>**1,000**<br>**431**<br>**431**<br>**2,534**|**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>1,706|
|---|---|---|---|---|
||**1,103**|||**1,706**|
||1,000|||1,000|
||**1,000**|||**1,000**|
|||||218|
||**431**|||**218**|
||||||
||**2,534**|||**2,924**|



All prior year Donations and Legacies were unrestricted 

## **18 Investment income** 

|Dividend Income<br>Bank Interest Receivable<br>Non Bank interest receivable<br>Other Investment Income<br>**Total investment income**<br>**A4**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>1,553<br>2,284<br>39<br>51,690|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-<br>-<br>-<br>**-**|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**1,553**<br>**2,284**<br>**39**<br>**51,690**<br>**55,566**|**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>2,903<br>2,049<br>9<br>41,768|
|---|---|---|---|---|
||**55,566**|||**46,729**|



All prior year Investment Income was unrestricted 

21 



## **Delamere Forest School Limited** 

**Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the Charities SORP (FRS102)** 

**19 Expenditure on charitable activities- Grant funding of activities** 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>256,235<br>**Total grantmaking costs**<br>**B2c**<br>**256,235**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>Club Tikva<br>20,000<br>JSENSE<br>155,000<br>OYY Lubavitch Boys School<br>24,500<br>Special Spirits<br>20,000<br>North Cheshire Jewish Primary School<br>735<br>Bury & Whitefield Jewish Primary School<br>6,000<br>Keren Girls<br>-<br>Langdon Foundation<br>30,000<br>**256,235**<br>**Breakdown of Grants made to organisations**<br>Grants made to organisations|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>256,235|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**256,235**|**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>138,870|
|---|---|---|---|---|
|||**-**|**256,235**|**138,870**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>20,000<br>155,000<br>24,500<br>20,000<br>735<br>6,000<br>-<br>30,000|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>20,000<br>155,000<br>24,500<br>20,000<br>735<br>6,000<br>-<br>30,000<br>**256,235**|**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>20,000<br>45,000<br>20,000<br>20,000<br>2,870<br>6,000<br>25,000<br>-|
||**256,235**|||**138,870**|



All prior year Expenditure on charitable activities - Grant funding of activities was unrestricted 

22 



## **Delamere Forest School Limited** 

**Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the Charities SORP (FRS102)** 

## **20 Support costs for charitable activities** 

||**Current year**|**Current year**|**Current year**|**Prior Year**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**|
||**Funds**|**Funds**|||
||**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|**_Administrative overheads_**|||||
|Management & admin|1,680|-|**1,680**|1,474|
|Telephone & postage|171|-|**171**|220|
|Website|260|-|**260**|272|
|Sundry expenses|-|-|**-**|373|
|**_Professional fees paid to the Auditor or Independent Examiner in_**||**_addition to audit_**|**_and examination fees_**||
|As detailed in Note 21|_-_|_-_|**-**|_168_|
|**Total support costs**|**2,111**|**-**|**2,111**|**2,507**|



The basis of allocation of costs between activities is described under accounting policies 

All prior year Support costs for charitable activities were unrestricted 

## **21 Other Expenditure - Governance costs** 

|**Other Expenditure - Governance costs**|||||
|---|---|---|---|---|
|Independent Examiner's fees<br>**Total Governance costs**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>1,560|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>**-**|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**1,560**<br>**1,560**|**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>1,512|
||**1,560**|||**1,512**|



All prior year Other Expenditure - Governance costs were unrestricted 

## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_ 

|Tax advisory fees<br>-<br>**Total additional fees included in support**<br>**costs at Note 20**<br>-<br> **Total Charitable expenditure**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>Total grantmaking costs<br>**B2c**<br>256,235<br>Total support costs<br>**B2d**<br>2,111<br>Total Governance costs<br>**B2e**<br>1,560<br>**Total charitable expenditure**<br>**B2**<br>**259,906**|-|-<br>-<br>**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-<br>-|**2023**<br>**£**<br>**-**<br>-<br>**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**256,235**<br>**2,111**<br>**1,560**|**2022**<br>**£**<br>168|
|---|---|---|---|---|
||-|||168|
|||||**Prior Year**<br>**Total Funds**<br>**2022**<br>**£**<br>138,870<br>2,507<br>1,512|
||**259,906**|**-**|**259,906**|**142,889**|



## **22 Total Charitable expenditure** 

## **23 Expenditure on raising funds and costs of investment management** 

|Commissions payable<br>Investment management costs<br>**Total fundraising costs**<br>B1|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>1<br>6,535|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-|**Current year**<br>**Prior Year**<br>**Total Funds**<br>**Total Funds**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**1**<br>5<br>**6,535**<br>8,062|
|---|---|---|---|
||**6,536**|**-**|**6,536**<br>**8,067**|



All prior year Expenditure on raising funds and costs of investment management were unrestricted 

23