COMPANY REGISTRATION NUMBER,. 4417664 CHARITY REGISTRATION NUMBER: 1119825 SAMEACH Company Limited by Guarantee Unaudited Financial Statements 30 April 2024 WHITESIDE AND DAVIES LTD Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
SAMEACH Company Llmltad by Guarantee Flnanclal Statements Year ended 30 April 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (includiro income and expenditure account> Statement of financial position Notes to the financial ststements
SAMEACH Company Llmlted by Guarantse Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) {¢Mdnu•d) Year ended 30 Aprll 2024 The trustees. who are also the director5 for the purFM)se5 of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2024. Referenc• and admlnlstrntlvo dotalb Ro918t•rnd ¢harlty name SAMEACH Charfty rnglstrntlon numb•r 1119825 Company reglstratlon number 4417664 Prlrtclpal office and r•glstwed 81 Bew Road offlce Gateshead NE8 1RR The trustees J Halberstadl Mr J Kesienbaum MY Salzer YM Halb•rstadt (Winted 31 March 2024) {Reslgn8d 1 January 2024) Ind•pend•nt examlner H Davies FCCA 158 Cromwell Road Salford M6 6DE stru¢turn. goveman¢• and management Sameach Is a company Ilmlted by guarantee inCrated on 16 April 2002 and reglstered as a charlty on 16 Aprll 2002 and is govemed by its memorandum and artides of association. There is no executive officer rr any other staff employed in the charity. The day-ltrday affairs are undertaken by Mr Halberstadt on behalf of the Irustees. All major decisions are taken collectivety by the trustees and all the trustees give their time freety. Recruitsnent and appointment of nthv trustees is in line the memorandum and articles of association and with the consent of the trustees. The crfteria set for the suitable Ggndldale would be someone who is sensitive to Ihe needs and demands of the organisati¢)n. Objoctlves and actlvlll•s The rtijects of the Charty are to promole: the relief of povety amgst the elderfy and pers(Th In conditions of need. hardship and dlstress within the Jewish communty. This irlUdeS assistartt to ensure the availabillty of affordable: 1. housing for persorKS arKI families in need. 2. the advancement of the Je•vish orthodox religion 3. the advancement of education according to the tenants of the Jewish orthodox rellglon support for oynmunty organisalions especially where the ser¥ices provlded are delivered in a culturally sensitive manner 5. to promote any charitable purFose for the benefit of the Jewlsh communlty.
SAMEACH Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrectorfs Report) {¢Oftllnuo¢ Year ended 30 Aprll 2024 The policy of the charity is to provide the support irrnspoctive of the abilty of the beneficiaries to contribute to the charitable services provided. In the furtherance of these charitable objects, the charity is to raise fijnds and invite and receive from any person or pen8ons Ythatsoever by way of subscription. donation and otherwise. provided that the charity does not undertake any permanent trading activilies in raising funds for their charitsblo objects. Investment pollcy and rntums Under the trust deed the charity has the plxver to make any investment which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and consider the investment in investment properties meet the charities requirements lo establish a capital base which is income producing. The trustees have extensive experience in the field of Fmperty investment accumulated over a period of time. Valuations are derived having consulted with local estate agents and with the trustee's best estimats'on of market value at the balance sheet date. The trustees consider the investment properties have performed well during the year, particularly when compared both with overall market rental returns and returns available from bank deposits. Strateglc report The following sections for achlevements and perfomiance and financial review fomi the strategic report of the charity. Achlevements and perfommnce The charity continued to support a range of programmes over the past year. Particular focus was placed on supporting and assisting local organisations in particular those providing educational serv19 and those provldlng rellef of poverty and financial hardship. The charity has continued to offer support to L'chu Vonim Youth Centre, a local volunteer led charity which provides out of hours activities for local youth. The charity also continued to offer support for special educational projects whereby students who have difficulty in Ihe ordinary classroom framework are offered further a$StanCe to enable them to progress in their studies and ultimalely become valuable members of soclety. FlnanGlal revlew Income for thè year was £149,652 (2023 - £164,617) made up of £107,011 of donations and £44,782 of investment income. The trustees are satisfied w5th the results during the year. Direct charitable expenditure decreased slightly in line decreasa in Incomlng resources. General running costs of the charity are kept low and where these arise are funded by the Trustees. Govemance costs such as annual retum and accountancy expenses are funded by the Charity. In the current year the charity was su¢¢essful in meetlng its aims. The Trustees would like to record their appreciation for all Ihe financial support received from the charltys donors durlng the coun8e of the year.
SAMEACH Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report> {¢orttinuedJ Year ended 30 April 2024 Funds are available to permtt the charity to continue in operation in the medium to long term and to continue to fund worthwhile projects. Arrangements are in hand to continue to raise fijnds to finance the charity's activities and projects. Public benefit The trustees confirm that they have referred to the guidance contsined in the Charty Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year. Reserves policy The Unrestricted Fund represents the unrestricted funds arising from past operating results. It represents the full reserves of the charity- The Trustees are satisfied that the balance of the Fund is satisfactory given the nature of revenue receipts against charitable activity and other costs. The free reserves of the Charity, being the net Current assets of the charity, amounted to £651.716 (2023.. £699,513) all of which are unrestricted. The trustees, annual report and the strategic report were approved on 27 December 2024 and signed on behalf of the board of trustees by: YM Halberstadt Trustee
SAMEACH Company Llmlted by Guarantee Independent Examlnofs Report to the Trustses of SAMEACH Year ended 30 Aprll 2024 I report to the trustees on my examinatlon of the financial statements of SAMEACH (Ihe charity) for the year ended 30 April 2024. Re8ponslbllltles and basls of report As the trustees of the company (and a180 it8 directors for the purposes of company law) you are rn$ponsible for the preparation of the financial 8latemenls In accordance with the requirements of the Companles Act 2006 (Ihe 2006 Acr). HavirKJ 8atisfied myself that the accounts of the company are not required to be audited under Part 18 of the 2006 Act and are eligible for independent examination. I report in respect of my examlnatlon of the charity's accounts as carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act,). In Carying out my examlnation I have followed the Directions given by the Charity Commlssion under section 145(5){b) of the 2011 Act. Indopendont •xamln•rf$ statoment I havè completed my examlnation. I confirm that no matters have come to my attentjon In comectlon wSth the examlnatlon glvlng me cause to believe: accountlng records were not kept in respect of the charity a8 requlred by secllon 386 of the 2006 Act; or the finala1 statements do not accord with those record8; or the flnanclal 8tstements do not comply wlth the accountlng requlrements of sedion 398 of the 2006 Act other than any requlrement that the accounts glve a 'tru8 and fal¢ vl•w whlch Is not a matter consldered as part of an Independent examination., or the financlal statement8 have not been prepared in accordance vlth the method8 ar principles of the Statement of Recommended Practice for accounting and reportlng by charitie8 applicable to charities preparing their accounts In accordance with the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS 102). I have no concems and have come across no other matters In connectlon wlth the examlnatlon to whlch attenllon should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. H Davies FCCA Independent Examlner 158 Cromwell Road Salford M6 8DE
SAMEACH Company Llmlted by Guarantee Statement of Flnanclal Actlvltles (Includlng Income and expendlture account) Year ended 30 Aprfl 2024 2024 Unrestricted funds Totsl funds Total funds 2023 Income and endowments Donations and legacies Investment income 107,011 44.782 107.011 44.782 96.435 68.182 Total Income 151.793 151.793 164,617 Expènditure Expenditure on raising funds: Investment management cosls Expenditure on charitable acbvities Total exponditurn 31,108 119.732 31,108 119.732 24.137 195.369 8.9 150.840 150,840 219.506 Net Incomel(exp•ndlturn) and n•t movement In funds 953 953 {54.889) R•conc51iatlon of funds Total funds Ixought forward Total funds carrkd forward 1.282.616 1,262,616 1.263.569 1.317.505 1.263.569 1.262.616 The statement of financFal actfviiRs Tndudes all gains and losses recognlsed In the year. All income and expenditure derive from continuing activrties. The notes on page8 7 to 16 form part of these Ilnanclal 8tstements.
SAMEACH Company Llmlted by Guarantea Statsment of Flnanclal Posltlon (conthiu80) 30 April 2024 2024 2023 Not• Flx•d assets Investments 15 1.142,201 1,099,752 Current assets Debtors Cash at bank and In hand 16 396,114 319,242 394,187 329,966 715,356 724,153 Credltor8: amounts falllng due wlthln ono year Not current assets 17 63,640 24,640 651,716 1,793.917 899,513 1,799.265 Total assets lem curront Ilabllltlos Credftorn: amounts falllng duo after morn than ono year Not asgets 18 530,348 538,849 1,283.569 1,282.616 Funds of the charlty Unrestricted funds 1,263.569 19 1,263,569 1.262.616 Total charlty funds 1,282,816 For the year endlng 30 Aprll 2024 the charty was entltled to exemptk)n from audlt under sectlon 477 of the Companles Act 2006 relatlng to small companies. Dlrectors, responslblllties: The members h8ve not requlred the company to obtain an 8udlt of Its financlal $tatement8 for the year In qu88tlon In accordance wSth sectlon 476., The dlrectors acknowledge tholr responslbllltles for complylng wlth the requlrement8 of the Act Imth respect to accountlng records and the preparation of financial Statements. These financial statements have been prepared In accordance with the provlslons appllcable to companies subject to the small companle8' reglme. These financSal Statements were approved by the board of trustees and authorlsed for Issue on 27 December 2024, and are slgned on behalf of the board by: YM Halberstadt Trustee The notss on pages 7 to 16 form part of the8? flnanclal 8tstoments.
SAMEACH Company Llmlted by Guarantee Notes to the Flnanclal Statements Year ended 30 Aprfl 2024 General Infommtlon The charity is a pU1C benefft tity and a private company limited by guarantee. registered in England and Wdes and a registered tharity in EnglarKI and Wales. The address of the registered office is 81 Bewick Road, Gatestr*ad, NE8 1RR. I Statement of compllanrA These financial statements have prepared in compfiarKe bmth FRS 102. The Financial Reporting StarKlard appcable in the UK and the Rewblic of Ireland. Ihe Ststement of Recommended practi applicable to charities weparing their accounts in accordan wilh the Financial Reporting &andard applicable in the UK and Republic of Ireland (FRS 102) (Charitres SORP (FRS 102)) and the Companies Act 2006. Accountlng pollcles Basls of preparntlon The financial statements have been prepared on the historical cost basis. as modified by Ihe r8valuats.on of certain financial assets and liabiliknes and investment properties measured at fair value through income or expenditijre. The firnCl statements are prepared in sterfing. which is the functi(Thl currency of the entity. Golng eoncém There are no matL¥ial uncertainties about the charity's abilty to conlinue. Judgemènts and key sourcas of •stlmatlon uncwtalnty The preparation of the finala1 statements requires management to make judgements. estimates and assumptions that affed the amounts reported. These estimates and judgements are continually reviewed and are based on experience and olhw factors, including expectatsons ol future events Ihat are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are avalable for use at the discretion of the trustees to further any of the charty's purposes. Designated funds are unrestricted funds earmarked by the trLthes for particular future project ( commitmenL Restricted fvrKls are sut4'ected to restri¢t¥Ms (m their expen(titure declared by the donor or through the terms of an appeal. and fall into one of sa88es. restricted income fijnds or endowment funds.
SAMEACH Company Llmlted by Guarantee Notes to the Flnanclal Statsmonts (conthued) Year anded 30 Aprll 2024 Accountlng pollcleg (¢oniinuedJ Incomlng resources All Incomlng resources are Included In the statement of financS8l activities when entitlement has passed to the charlty,. It Is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be rellably measured. The following specific policies are applled to particular categorles of Income: Income from donatlons or grants18 recogniged whan there Is evidence of entltlemenl to the 91ft, re[pt Is probable and Sts amount can be measured rellably. legacy Income 18 recogn18ed when recdptls probable and entitlement 18 eslabli8hed. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure rellably, In whlch case the value is derived from the cost to the donor or the estimated resale value. Donated facllltles 8rKI services are recognSsed in the accounts when recelved If the value can be rellably measured. No amounts are Induded for the contributSon of general volunteers. Income from contract8 for the supply of 8ervlces 18 recognl8ed wlth the dellvery of the contracted service. Thls Is classified as unrestrlcted funds unle88 there is a contractual requlrement for It to be spent on a partlcular purpose and retumed if unspent, In which case it may be regarded 8$ restrlcted. Resources expended Expenditure Ss recognlsed on an acwals b8sls as a Ilablllty is incurred. Exp8ndlture Includes any VAT which cannot be fully recovered, and 18 cla8slfied under headlng8 of the statement of financial 8Ctivitie8 to which it relates.. expenditure on raising fijnds includes the costs of all fvndralslng actlvlt188, events, non-charitable trading actlvitles, and the Sale of donated goods. expendlture on charltable actlvltles indudes all costs Incurred by a charlty In undertaklng actlvltles that further Its charitable alms for the benefit of Its beneficlarles, Includlng those support costs and costs relating to the governance of the charlty apportloned to charltable actlvltles. other expendlture Indudes all expendlture that 1$ neither ralated to ralslng fijnds for the charity nor part of Its expenditure on charltable actlvltles. All costs are allocated to expenditure categorleg reflecting the use of the resource. Dlrect costs attributable to a single activity are allocated direclly to thai a¢tivity. sha costs are apportioned belween the actlvlties they contribute io on a reasonable, Justlfiable and ¢on$l$tent basls. Investments Unllsted equlty Investments are inltlally recorded at cost, and subsequently measured at falr value. If falr value cannot be rellably rneasured, assets are measured at cost less Impaimient.
SAMEACH Company Llmlted by Guaranteo Notes to the Flnanclal Statements (continuo¢ Year ended 30 Aprll 2024 Accountlng pollcles (conthiued) Invostments (conLlnuedJ Listed investmènts are mè88ured at falr value wlth changes In falr value belng recognl8ed In Income or expenditure. Investm•nt prop•rty Investment property Is Inltially recorded at cost, whlch includes purthase price and any dlrectly attrfbutable expendlture. Invegtment prop8rty Is revalued to Its falr value at each reportlng date and any changes in fair value are recognlsed In Income or expenditure. 11 a rellable mea8ure of fair value18 no longer avallable out undue cost or effort for an Item of investment propety. It Shall be transferred to tsngibb assets and treated as such until It Is expected that falr value wlll be rellably measurable on an oTrgoSng bas18. Inv•8tm•nt8 In u•oclates Investrnents in associates accounted for In accordance wlth the cost model are recorded at C¢)st less any accumulated Impalmient losses. Investments In associates accounted for in accordance wlth the fair value model are Iniiially recorded at the transaction price. At each reportlng d8le, the Investments are measured at falr value, wlth ¢hanges In fair value taken through Income or expendlture. Where St Is Impr8¢tlcable to measura fair value rellably wlthout undue cost or effort, th8 c08t model wlll be adopted. Dividend8 and other dlstrlbutlon8 recelved from the Investment are recogn18ed as Income without re98rd to whether the dlstributlons are from accumulated profits of the as80clate arl3lng before or after the date of acquisition, Investment8 In Jolnt ventures Inv88tments In lolntly controlled entIeS accounted for In accordance wlth the cost model are recorded at CO8t le&8 any accumulated impaimient108ses. Invesbnents In lolntly controlled entltles accounted for Sn accordance wllh the falr value model are InStially recordad at the transactlon price. At each reporting date. the investments are measured at fair value, with changes in fair value taken through income or expenditure. b)ft)er8 It 18 ImpractiC8ble to measure fair value reliably wlthout undu8 Cost or effort, the cost model wlll be adopted. Divldends and other dlstributions recelved from the Investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arislng before 01 after the date ol acqulsitlon.
SAMEACH Company Limited by Guarantee Notes to the Flnanclal Statements {wilJnu8d) Year ended 30 April 2024 Accountlng pollcles (¢on¢lnuod) Impalmient of flxed assets A revlew for indicators of Impalmient is Carrled out at each reportlng date, wlth Ihe recoverable amount belng estimated where such Indlcators exlst. here the carrylng value exceeds the recoverable amount, the asset Is impalred a¢cordlngly. Prlor impalments are 8180 reviewed for posslble reversal at each reporting dale. For the purpose8 of impaimient testing, when it is not P088ible to estimate the recoverable amount of an individual asset. an estimate Is made of the recoverable amounl of the cash-generatlng unlt to which the ass6t belongs. The eaSgenerating unlt Is the smallest identifiable group of asseis that Includes the asset and generates cash inflows that largely Independent of the cash Infiows from other asset8 or groups of assets. For Impalrnient testing of goodwill. the goodwlll acquired in a business combinatlon Is, from the acqulsltion date, allocated to each of the cash-generatlng unlts that are expected to benefrt from the synergie8 of the combinatlon, lrre8peth.ve of vthether other a888ts or liablllties of Ihe charlty are asslgned to those units. Flnan¢lal Instruments A financlal a88el or a financlal Ilablllty Is recognlsed only when the charlty becomes a paty to the contrathial provlslons of the Instwment. Bask flnanclal Instrument8 are Snltlally recognised at thè amount recelvabl? or payable Indudlng any related transactlon costs. Current assets and current Ilabllltles ara subsequently m•a$ur•d at the ca8h or other conslderatlon expected to be pald or recelved and not dlscounted. Debt In8truments are subsequently measured at am¢xiised C1. there Investments In shares are publicly traded or thelr falr value can otherwise be measured rellably, the investment is subsequently measured at fair value with changes in fair valu? recogni8ed In Income and expenditure. All other such Investments are subsequently measured at cost less impalment. Other financial instrumants, including derlvatlve8, are Inltlalty recognlsed al falr value, unless payment for an asset Is deferred beyond nomial buslness terms or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedglng Instruments In designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for ObjecVe evldence of impairment at the end of each reporting date. If there is objective evidence of impairnienl, an Impaimient loss Is recognised under the appropriate heading In the Statement of financlal activities in which the initial gain was re¢¢gnised. 10
SAMEACH Company Llmlted by Guarantee Notes to the Flnanclal Statements fconthw¢Q Year ended 30 Aprfl 2024 Accountlng pollcles leU•4 Flnanclal InstruThnts (willnu*• For all equity inslruments regardless of significance. and other financial assets that are Individua51y slgnificant. these are assessed individLBlly for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognlsed ImmedlateFy, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carrying amount would have been had the impairnient not previously been recognised. Llmltod by guarantee The organisation is a charitable company limiled by guarantee, in the event of the company being wound up mombers are required to ¢tte an amount not ex¢e8ding £10. Donatlon• and legacl•s Unrestricied Total Funds Unrestricted Total Fund8 FurKIs 2024 Funds 2023 Donatlons Donatlons 107.011 107.011 96.435 96,435 InvoStm•nt Incom• Unrestrkied Total Funds UnrestrIed Total Funds Fund8 2024 Fund8 2023 Income Inv881ment properb'es Income from cash investments 42.640 2.142 42,640 2.142 64,455 3.727 64,455 3,727 44.782 44,782 68.182 68.182 Investment manag•m•nt costs Unrestricted Total Funds Unrestricted Totsi Funds Funds 2024 Funds 2023 Propety repair8 and malntenance charges manageme fees Insurance Mortgage Interest 9.631 2.921 9,631 2.921 409 18,147 31.108 7,006 2,433 2,805 11,893 24,137 2.433 2.805 11,893 24.137 18.147 31,108 11
SAMEACH Company Limitsd by Guarantee Notes to the Flnanclal Statsments (condnued) Year ended 30 Aprll 2024 EXpendIre on charltablè actlvltl•s by fvnd typè Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable activities Support costs 116,876 2,858 119,732 116,876 2,856 119,732 186,908 8,461 195,369 186,908 8,481 195,369 Expendltur• on charltable actlvltles by actlv5ty type Grant funding of activities Support Totsl fund8 costs 2024 Totsl fund 2023 Charrtable activities Govemance costs 116,876 1,140 1.716 2.856 118,016 1,716 119.732 195,369 116.876 195,369 10. Analys18 of support costs Analysis of support costs Total 2024 Total 2023 Premises General office Finance costs Govemance costs 633 423 633 423 5,556 2,905 1.716 1,716 2,856 2,856 8.461 12
SAMEACH Company Llmltsd by Guarantee Notes to the Flnanclal Ststements (conthu Year ended 30 Aprll 2024 11. Analysls of grants 2024 2023 Grants to In8titutlon8 Achisomoch Ateres KfEY Balt Limud Vchesed J&J Ch8ritable Trust Gateshead Belg Hatalmud Gateshead Cheder Gateshead Jewish Boarding School Gateshead Jewlsh Prlmary School Lchu Vonlm Youth Group Other small d¢natlons less than £5,000 Realmststes Yeshaya Adler Memorlal Fund JCCG Mars Org Ltd Avreichim Gate8head 4.000 8,572 30.000 4.000 48,000 15,000 100 7,322 3,620 8,000 8,100 41.860 500 4,442 26.000 27,912 5,000 8,998 25,000 24,000 5,000 360 118.876 186,908 Total grants 118.878 186,908 12. Independent •xamlnatlon f••8 2024 2023 Fees payable to the independent examlner for: Independent examlnatlon ol the fSnandal statements 1,718 13. Staff costs The average head count of employees durlng the year was Nll (2023: NII). No employee received employee benefits of more than £60.000 during the year (2023: Nil). 14. Trustoe rnmun•ratlon and •xp•n•es No remuneration or other benefit8 from employment with the charity or a related entity were received by the trustees 13
SAMEACH Company Llmitsd by Guarantee Notes to the Financlal Statements (condnued) Year ended 30 April 2024 16. Inve8tm•nts Cash or Cash Investrnent equivalents properties Total Cost or valuatlon At 1 May 2023 Additlons 278,523 42,449 320.972 821.229 1,099,752 42,449 At 30 Aprll 2024 Impalrnient At l May 2023 and 30 Aprll 2024 Carrylng amount At 30 Aprll 2024 At 30 April 2023 821,229 1,142,201 320,972 821,229 821,229 1,142,201 1,099,752 278,523 All Investments shown above are held at valuatlon. Inv•stment proportles In tha tNstee8 oplnlon th8 current market value of Investsnent propertles 18 not materlally dlfferent to the cost at the balance sheet date. 16. Debtors 2024 2023 Trade debtors Oiher debtors 1,927 394,187 396.114 394,187 394.187 17. Credltorn: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income Other credltors 1,640 62,000 1,640 23,000 63,840 24,640 18. Cr•dltor8: amounts falllng du• after morn than one year 2024 2023 Bank loans and overdrafts Other creditor5 330,348 200,000 336,649 200,000 530,348 536,849 14
SAMEACH Company Llmited by Guarantee Notes to the Financial Statements (conthiu8¢ Year ended 30 April 2024 19. Analysls of charltable funds Unrestrlctsd funds At 1 May 2023 At Incnme Expendlture 30 Aprll 24 General funds 1.262.618 151.793 {150.840> 1.263.569 At 1 May 2022 At Income Expenditure 30 April 2023 General funds 1.317,505 164,617 (219,506) 1,262.616 20. Analy81s of net assets between funds Unrestricted Total Funds Funds Investrnents Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 1.142.201 1.142,201 715.356 715,356 (63.640) (63,640) (530,348) {530,348) 1,263,569 1,263,569 unStrICted Total Funds Funds 2023 Investrnents Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 1.099.752 1,099,752 724.153 724,153 (24.640) (24,640) (536.849) (536,649) 1,262,616 1,262,616 21. Related partla$ The charty invested £65,000 in an investment property purchase, in a company in which one of the Trustees is a shareholder. 15