The Beltex Sheep Society
Limited
IA company Ilmited by guarantee)
Annual Report and Financial
Statements
31 March 2025
Company registration number: 02547862
Charlty registration number: 1118873
dOdd&co

The Beltex Sheep Society Limited
Contents
Reference and Administrative Details
Trustèes, report
Trustees. responsibilities in relation to the financial statements
Independent examinels ￿pOrt
Statement of financial activities
Balance sheet
Notes to the financial statements

The Beftex Sheep Society Limited
Ref•rence and Administrative Details
Charlty name
Tho Beltex Sheép Society Limited
Charlty roglstratlon number
1118873
Company roglstratlon number
02547862
Prlnclpal offlc•
Holme House
The Dale
Ainstable
CARLISLE
CA4 9RH
Règlstered offlco
Holme House
The Dale
Ainstablè
CARLISLE
CA4 9RH
Trustè•s
G R Evans
R G Findlay
J Howi8son
G M Ireland
H C Jewitt
(Resigned 12 December 20241
J C Little
J A McGarva
A Morton
E O'Neill
DEOwen
K Preston
K C 8 Shuttleworth
L T Swinnerton
(Appointed 12 December 2024)
Sécretary
A Ryder
Accountanl
Dodd & Co Limited
FIFTEEN Rosehill
Montgomery Way
Rosehill Estale
CARLISLE
CA12RW
Page 1

The Beftex Sheep Society Limited
Trustees. Report for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted
the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo
charities preparing their accounls in accordance with the Financial Reporting Slandard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
The objects of the Society are..
To promote Ihe science and praclice of agriculture by encouragement. promotion and improvement of the
breeding of Beltex Sheep and the maintenance of the purity of the breed in the United Kingdom.
To encourage. promote and improve the breeding of Bellex Sheep to ensure the preservation of the breed for
the public benefit.
To undertake research on sheep breeding and matters relating thereto and to disseminaté thè useful results of
research for the public benefil.
The main activities of Ihe So¢iely are lo maintain a register of members, pedigree Beltex Sheep in the Uniled
Kingdom and to promote the breed al agricultural shows and events.
The Society continues to improve services offered to members, and continues lo encourage Pfoduclion of le8n
meat to fulfil consumer demand and the public heallh objective. We have referred to the Charity Commission's
general guidance on public benefit when reviewing our aims and objectivgs and in planning our future aclivilies.
In particular. the Directors consider how planned activities will contnbute to the aims and objectives they have
sat.
ACHIEVEMENT AND PERFORMANCE
The Society's membership and regislralions have reduced from the previous year, the details of which are
included in the office bearers, reports to the membership. Through continuous promotion, the breed is now
recognised as one of the leading terminal sires used in the UK. and in turn members are gaining this
acknowledgement in the show rings. Bellex sired lambs continue lo attain lop accolades and prices at Primestock
shows with many commercial farmers tuming lo the breed to improve carcases. The Society is perfomiing well
with this increase of inl8r8st and gives good value lo the membership.
The Society introduced DNA Testing for stock sires for all lambs Birth Notifiéd l Registered in 2019 onwards. this
policy was changed in August 2022 with approval from the membership with DNA testing now being voluntary
and not compulsory. This has resulted in a drop in DNA testing income and expenditure.
Since the beginning of 2021 after Brexit, the rules changed for exports to not only Europe, bul also Northern
Ireland the animal must be Group One genotype or from a Scrapie Monitored flock, which thé breeder can find
out before other tesls have to be carried oul.
FINANCIAL REVIEW
The Sociely's financial position al the end of the financial period remains sound. Al funds held are available for
the wide-ranging running of the Society.
The Society's policy is to hold reserves sufficient lo cover at leasl a years operating costs, in case the sheep
industry or the breed fall on lean times. Fre8 reserves at 31 March 2025 were £293.205.
As mentioned above the Society membership has ￿duced. which has influenced the ￿ductIon in the number of
shoep registrations. Many new rnembers initially have a small flock which increases year on year.
The busiest time of the year is beiween May October with Iravelling to major agricultural shows, events and
Society breed sales across the country. The program for Breed Promotion Officer is agreed by the Directors in
the Society's budget for the coming year.
The Council Members continually review business and operalional risks which the charity faces which in turn
enables regular reports to be produced so that necessary recofflmendab'ons can be made lo lessen these risks.
The Directors do nol at present consider that there are any significant financial risks facing the Society.
Page 2

The Beftex Sheep Society Limited
Trustees. Report for the Year Ended 31 March 2025
FUTURE PLANS
The Society aims to continue to increase ils membership numbers and ils pedigree sheep register in ac￿rdance
with its obieclives.
Thé Society continues to attend and havé a noticeable presence at major shows and agricultural events to
promole the merits of the breed. The Society has lasked a small group to further promote the breed with the
younger generation known as Beltex Young Breeders. this falls into two age groups under 16's and over 16's.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govorning document
The charity is controlled by its goveming docurnent. a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Recrultm•nt and appolntment of new trustèès
The Articles of Association require the eleclion of a Council of Managemenl from the membership which must not
be less than five, nor more than ￿e1ve in number. Council members. Ibtho ara also directors of the company).
are elected by the members in General Meeting and aro subject lo retirement at the third annual gèneral meeting
after the annual general meeting al which they were appointed and may not serve more than two consecutive
terms. The Council Members have the power to COwOPt to the Board lo fill vacancies. All members within the
region of Ihe retiring Council Member are circulated wth invitations to nominate Council M8mbers prior to the
AGM. The Council Members administer the Society in accordance with the 9oveming document.
Inductlon and tralnlng of n•w trustees
New Council members (Directors) receive an infomialion pack d61ailing responsibilities and legal obligations
under charity and company law. the Memorandum and Articl8s of Association, the budget and budget updates.
Small company provlslons
This r8POrt has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on 11 November 2025 and signed on its behalf by:
K C B shuttlev￿rth
Trustee
Page 3

The Beftex Sheep Society Limited
Trustees. Responsibilities in relation to the Financial Statements
The trustees (who are also directors of The Beltex Sheep Society Limited for the purposes of company law) are
responsible for preparing ihe Trustees, Annual Report and the financial statements in accordance with applicable
law and the Financial Reporting Standard 102 - The Financial Reporting Standard applicable in the UK and
Republic of Ireland..
Company law reqUI￿S the trustees lo prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitabk company and of the incoming resources and application of
resources, including income and expenditure, of the charitable company for that period. In preparing these
financial statements. the Iruslees are required to:
select suitable accounting policies and then apply them consistently-
observe the methods and principles in 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- and
prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the
charitable company will continue in business.
The Iruslees are responsible for keeping proper accounting records thal disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them lo ensure thal the financial ststements
comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4

Independent Examiner's R6POrt to the Trustees of
The Beltex Sheep Society Limited
I report on the accounts of the company for the year ended 31 March 2025, which are sel out on pages 6 to 16.
Respectlve responsibillties of trustees and examlner
The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the
preparation of the accounts. The trustees consider that an audit is not required for this year under section 14412)
of the Charities Act 2011 as amended by the Charities Act 2022 Ilhe Acll and that an independent examination is
needed.
Having satisfied myself that the charity is not subject lo audit under Part 16 of the Compani6s Acl 2006 and is
eligible for independent examination, it is my responsibility lo:
examine the accounts under section 145 of the Act.,
follow the procedures laid down in the General Directions given by the Charity Commission under section
14515) (b) of the Act: and
State whether particular matters have corne to my attention.
Basls of Independent èxamSnor's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An
examination includos 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 Iruslees concerning any such matters. The procedures undertaken do not
providé all tho evidence that would be required in an audit and consequently no opinion is given as lo whether
th6 accounts present a 'lrue and fair view, and the report is limited to tho$8 matters sel out in the slalement
below.
Independont examlng¢$ statemènt
In connection with my examination. no matter has come to my attention-
(1) which gives me reasonable cause lo believe that in any material respect th8 r8quirements'.
to keep accounting records in accordance with se¢tion 386 of the Companies Act 2006,. and
lo prepare accounts which acGord with the accounting records. Comply with the accounting
requirements of section 396 of th6 Companies Act 2006 and with th6 methods and principlés of
th8 Statement of Recommended Practice.. Accounting and Reporting by Charilies
ave not been mel- or
{2> to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW
Joanne Thomlinson FCA
Dodd & Co Limited
Chartered Accountants
11 November 2025
Page 5

The Beltex Sheep Society Limited
Statement of Financial Activities (including Income and Expenditure Account
and Statement of Total Recognised Gains and Losses) for the Year Ended 31 March
2025
Total
Funds
2024
Unrestricted Total Funds
Funds
2025
Note
Income
Donations and legacies
Investments
Charitable activities
Totsl income
4.760
3.431
157,660
165.851
4,760
3.431
157,660
165,851
5.537
3,239
173,266
182,042
Expenditure
Charitable activities
Total expenditure
172,691
172,691
172,691
172,691
173,372
173,372
Gainsl(losses) on investment assets
81
81
Net incomel(expenditure)
(6,759)
(6.759)
8,670
Reconciliation of funds
Total funds brought forward
Total funds carried forward
308,810
302.051
308,810
302,051
300,140
308.810
All of the Charity's activities derive from continuing operations during the above periods.
Income and expenditure in the prior period relates to unrestricted funds.
The notes on pages 8 to 16 fom an integral part of these financial statements.
Page 6

The Beltex Sheep Society Limited
Company registration number: 02547862
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Inveslmenls
6,939
1,907
8.846
1,826
10
1,826
Current assets
Stock
Debtors
Cash at bank and in hand
5,134
57.820
248.075
311.029
6.779
50,204
265,996
322.979
11
Creditors: Amounts falllng due wlthin
one year
12
(17.824)
(15.995)
Not current assets
293,205
306,984
Net assets
302.051
308,810
The funds of thè charlty:
Unrestricted funds
Unrestricted income funds
302,051
308.810
Total charity funds
For the financial year ended 31 March 2025. the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006.
302,051
308,810
The members have not required Ihe ¢t￿￿ty to obtain an audit of its accounts for the year in question in
accordance section 476 of the Act.
Thé directors acknowledge their responsibililies for complying with the requirements of the Act wilh respect to
accounting records and the preparation of accounts.
These accounls have been prepared in accordance vlith the provisions applicable to wmpanies subject to the
small companies regime.
Approved by th8 Board on 11 November 2025 and signed on its behalf by:
K C B Shuttleworth
Trustee
A Ryder
Secretary
The notes on pages 8 to 16 fonn an integral part of these financial statements.
Page 7

The Beltex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Accounting policies
Summary of significant accounting policies and key accountlng estimates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise stated.
Stalement of compliance
The financial statements have been prepared in accordance with Accounting and Reportin9 by Charities..
ststement of Recommended Practice applicable to charities preparing their accounls in accordance with the
Financial Reporting Slandard applicable in the UK and Republic of Ifeland (FRS 102) (effective 1 January
2019) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102) and the Companies Act 2006.
Basis of preparation
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value un￿sS otherwise ststed in thè relevant
accounting policy notes.
Going concern
These financial statements have been prepared on a 90ing concem basis.
The trustees assess whether the use of going concem is appropriate i.e. vthether Ihere are any material
uncertainties related to events or conditions that may cast signtficant doubt on the ability of the Charity to
continue as a going concem. The tnjslees make this assessment in respect of a period of one year from the
date of approval of the financial ststements.
Fund accounting policy
Unreslflcted income funds are general funds that are available for use at the trustees. discretion in
furtherance of the objectives of tr￿ charity.
Further details of each fund are disclosed in note 16.
Income and endowments
Income from Government and other grants. whether 'capitsl' grants or 'revenue' grants, is recognised when
the chanty has entitlement to the funds. any performance conditions attached to the grants have been met,
it is probable that the income wll be received and the amount can be measured reliably and is nol deferred.
Where services or facilities are provided to the Charity as a donation thal would nomially be purchased from
our suppliers, this benefit is included in the financial statements at its fair value unless its fair value cannot
be realiably measured, then at cost to the donor or the resale value of the goods that are to be sold.
Investment income is recognised on a receivable basis.
Income from charilable activities includes income recognised as eamed las the related goods or services
are provided} under contract or where enlillement to grant fvnding is subject to specific performance
conditions. Grant income included in this category provides funding lo support programme activities and is
recognised where there is entillement. certainty of receipt and the amount can be measured wilh sufficient
reliability.
Page 8

The Beltex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Gontinued
Expendilure
Liabilities are recognised as soon as there is a legal or constructive obligation commilling the charity lo Ihe
expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the calegory.
Charitable axpenditure 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 nalure necessary to support them.
Support costs
Support costs include central functions and have beon allocated to activity cost categories on a basis
consistent with the use of resources, for exainple, allocating propety costs by fl¢)or areas, or per capita.
staff Gosls by the lime spent and other costs by their usage.
Irrecoverable VAT
Irrecoverable VAT is charged against Ihe category of resources expended for which il was incurred.
Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly, Ihe
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 th81 such income or gains are applied exclusively to charitable Purposes.
Flxed assets
Individual fixed assets costing £50 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value. over their expected useful economic life as follows..
250/0 reducing balance b8SIS
250A reducing balance basis
Plant and machinery
Officè 8quipmenl
Investments
Fixed asset investmenls are included at market value al the balance sheet date.
Realised gains and losses on investments ar8 calculated as the difference betsveen sales proceeds and
their market value al the start of the year, or their subsequent cosl, and are charged or credited lo the
statement of the financial activities in the period of disposal.
Unrealised gains and losses represenl Ihe movement in market values during the year and are credited or
charged to the slatefflent of financial activities based on the market value at the year end.
Stock
Stock is valued at Ihe lower of cosl and net realisable value, after due regard for obsolete and slow moving
stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Items donated for resale or distribution are not included in the financial statements unlil they are sold or
distributed.
Page 9

The Beltex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
continued
Trada Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business. Trade debtors are recognised initially at the transaction price. They are subsequently
measured al amortised cost using the effective interest method, less provision for impairment. A provision
for the impairmènt of trade debtors is established when there is objective evidence that the Charity will not
be able lo collect all amounts due according to the original tÈmis of the receivables.
Cash and Cash Equlvalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid
investments that are readily convertible lo a known amount of cash and are subjeGt to an insignificant risk of
Change in valu8.
Llabllltles
Trade creditors are obligations to pay for goods or sarvices that have been acquired in the ordinary course
of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have
an unconditional right, at the ond of the reporting period, lo defer settlement of tha creditor for al least
twèlve months after the reporting date. If there is an unconditional right lo defer settlement for al least
twelve months after the reporting dale. they are prasanled as non-current liabilities.
Trade cr8dilors are r8cognis8d initially al the transaction price and subsequently measured al amortised
cosl using the effective interest method.
Flnanclal Instrumontg
Financial assets and financial liabilities are recognis8d when the charity becomes 8 paty to the contractual
provisions of the inslrumenl. Financial liabilities and equity instruments are classified according to the
substance of the contractual arrangements entered into. An equity instrument is any contract that evidences
a residual interest in the assets of the Charity after déducting all of its liabilities.
All financial assets and liabilities are initially measured at transaction price (including transaction costs),
except for those financial assets classified as al fair value through profit or loss, which are initially measured
at faif valué (which is normally the Iran5aclion price excluding transaction coslsl. unless the arrangement
constilules a financing transaction. If an arrangement constitutes a financing transaction, the financi81 ass61
or financial liability is measured at the present valua of the future payments discounted al a market rale of
interest for a similar debt instrument.
Financial assets and liabilities are only offset in the slalement of financial position when, and only when
there eX￿SIS a legally enforceable right to sel off the rocognised amounts and the Charity intends either to
settle on a nel basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) Ihe contractual rights lo the cash flows from the
financial asset expire or are settled, bl the Charity transfers lo another paty substanlially all of the risks and
rewards of ownership of the financial asset, or cl the Charity, despite having retained some, bul not all,
significant risks and rewards of ownership. has transferred control of the asset to another paty.
Financial liabilities ar8 dorecognised only when the obligation specified in Ihe contract is discharged,
cancelled or expires.
Page 10

The Beftex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
. Gontinued
Donations and legacies
Unrestricted Total Funds Total Funds
Funds
2025
2024
Donatlons and legacies
Gift aid claim
Donations
2,934
1,826
4,760
2.934
1,826
4,760
3,322
2,215
5,537
Invostments
Unrestricted Total Funds Total Funds
Funds
2025
2024
Interest on cash deposits
3.431
3,431
3,239
Charitable actlvlties
Unrestrl¢ted Total Funds Totsl Funds
Funds
2025
2024
Membership subscriptions
New membership subscripions
Pedigree sales commissions
Year book advertising
Birth registrations
Embryo registration
Promotional goods
DNA sample testing
DNA parentage testing
21,674
934
16,052
5,163
78.706
34,688
200
243
21.674
934
16,052
5.163
78,706
34.688
200
243
23,482
1.375
21.411
8.100
83,438
33.026
909
1.458
67
173,266
157,660
157,660
Page11

The Beltex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
continued
Expenditure
Promoting
and
improving
the breed
Total
2025
Total
2024
Direct costs
Opening stock
Purchases
Website and social media
Year book expenses
Closing stock
Show and sale expenses
Sponsorship and prizes
Regional club sponsorship
Advertisin9 and promotion
Travel and accommodation
DNA sample testing
DNA parentsge testing
6,779
6,779
849
1,385
11.535
15,1341
27.159
6,613
1,073
29,676
3,324
1,350
6.501
3,851
1.869
11,737
16.779}
24,863
5,399
2,635
29,504
7,862
1,426
135
89,003
1,385
11,535
(5,1341
27,159
6,613
1.073
29.676
3,324
1,350
84,609
84.609
Support costs
Insurance
Office management
Telephone and fax
Computer running costs
Printing, postage and stationery
Trade subscriptions
Accountancy fees
Independent examinerfs fee
Council expenses
AGM expenses
Bad debts written off
Bank charges
Depreciation
2.110
66,000
462
1,424
4,599
387
750
750
7,488
200
392
2.110
66,000
462
1,424
4,599
387
750
750
7,488
200
392
2,619
66.000
406
1,633
4,818
225
1,238
750
3.189
208
685
111
2,098
1,422
88.082
2,098
1,422
88.082
1,988
610
84,369
172,691
172,691
173,372
Page 12

The Beltex Sheep Society Limited
Notes to the Flnancial Statements for the Year Ended 31 March 2025
. continued
Govémaneé costs
2025
2024
Independent examinerfs fee
Ac￿￿ntancY fees
Society meetings
750
750
200
1.700
750
1,238
208
2,196
Trustees. romuneratlon and expenses
In the year. 5 (2024.. 41 Trustees received inspectors expenses and travelling expenses of £3,931 12024:
£1,268).
N•t {èxpandltur6}Ilncom•
Net lexpenditureifincome is stated after charging..
202S
2024
Depreciation of tangible fixed assets
1.422
610
Page 13

The Beltex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
. continued
Tangible fixed assets
Plant and
machinery
Fixtures.
including motor fittings and
vehicles
èquipment
Total
Cost
As al 1 April 2024
Additions
As al 31 March 2025
5,765
6.535
12.300
3,266
9.031
6,535
15.566
3.266
Depreciation
As at 1 April 2024
Charge for the year
As at 31 March 2025
5.064
628
5.692
2,141
794
2.935
7.205
1,422
8.627
Net book value
As at 31 March 2025
As at 31 March 2024
6.608
701
331
6.939
1,826
1.125
10 Investments held as fixed assets
Other
investments
Market value
Revaluation
Additions
As at 31 March 2025
81
1.826
1,907
Net book value
As at 31 March 2025
1,907
All investment assets were held in the UK.
Page 14

The Beltex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
. continued
11 Debtors
2025
2024
Trade debtors
Other deblors
Prepayments and accnjed income
43.482
6,195
8,143
57.820
42,008
3,261
4,935
50,204
12 Credltors: Amounts falllng due within one year
2025
2024
Trade creditors
Taxatson and social security
Accruals and deferred income
8.287
3,588
5,949
17.824
6,519
3,955
5,521
15,995
13 Members. liability
The charity is a private company limited by guarantee and consequently does not have share capitsl. Each
of the members is liable to conlribule an amounl not exceeding £1 lowards the assets of the charity in the
event of liquidation.
14 Rèlated parties
Controlling entity
The charity is controlled by the trustees who are all directors of the company.
Related party transactions
There y￿￿ no related paty iransactions in the reporting period.
15 Funds held by Clubs
Funds totalling £27,036 (PY.. £29,834) are held by a number of Beltex sheep breeder clubs in Britain and
Ireland. The society has no control over these funds whilst these clubs remain active and so the amount has
nol been recognised in the balance sheet. The club rules. which have been approved by the society,
stipulate that the funds will transfer to the society in the event of a club winding up.
Page 15

The Beftex Sheep Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
. continued
16 Analysis of funds
Other
recognised
gainsllosses
Al 1 Aprll
2024
Incoming
resources
Resources
expended
At 31 March
2025
General Funds
Unreslricted income fund
308,810
165,851
{172,691)
81
302,051
Prior period
At 1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
General Funds
Unrestricted income fund
300.140
182,042
(173.372)
308,810
17 Net assets by fund
Unrestricted
Funds
Total Funds
2025
Total Funds
2024
Tangible assets
Investments
Current assets
Creditors= Amounts falling due within one year
Net assets
6.939
1,907
311,029
(17.8241
302.051
6.939
1.907
311.029
117,824)
302.051
1,826
322.979
(15.995)
308,810
Prior period
Unrestricted
Funds
Tolal Funds
2024
Tolal Funds
2023
Tangible assets
Currenl assets
Creditors". Amounls falling due within one year
Net assets
1.826
322.979
{15.9951
308.810
1,826
322.979
{15,9951
308.810
2,436
308,637
{10,933)
300.140
Page 16