Company registration number: 6429969 Charity ￿giStratiOn number: 1123493 Emmaus Hastings and Rother (A compAny limiied by 8uarantee) Annual Report and Financial Statements for the Yw Ended 30 June 2024 Mannirtgtons Chartered Accountants 39 Hish Street BaEtle Eas¢ Sussex TN33 OEE Emmalls Hastlngs and Rother Contents Rcfercnce and AdminIstr￿1Ve Details Ttt￿ees, Report 2to6 Sla¢emethl of Tn￿lets, Re5p)nsibilitles Independent Examin&s Report Stsiemcnt of Financial A¢￿VitieS 91010 Balance She¢¢ Ilto 12 Notes to the Financial Statemults 13to25 Emmaus Hastings and Rother Reference and Admlni5trative Details Trustees A J Calton D J Cooper M V Brooke T R W GritTIths G Adamson G D Williams ADPink P A Syk&% S Sheridan M M Charlesworth (resigned 6 November 2023) 2 Whitworth Road St Leonards on Sea East Sussex Prln¢ipal Office TN37 7PZ Thc charity is incorpornied An England and Wale5. 6429969 Company RegLstratlon Number Charity RegL%tr•tioD Nunjber 1123493 Bankers Lloyds Bank plc Terniinus Road Eastboume Eas( Sussex BN213AH Independent Examlner mannIn￿onS Chartercd Accountants 39 High Street Battle East sU￿¢X TN33 OEE Page I E￿n￿us Hastings and Rother Tr￿tee5, Report The trustees pr￿ent their rqyort and the financial Statem￿ for thc yegr ended 30 June 2024. Thc trustees ￿ th¢ dale of these accounts. WIKS are also directors of Emmaus Hastings and Rother (EHR) for the purp05¢s of ompany law. arc set out on page l. Structsre. Iwertt*nee and nMDagem¢nt EHR is govemed ty its board of tr￿slee$ undcr its articl&% of associ*ion. The tharity is also constinrted as a ompany limited by guarantee and h&s no share capitsl. None of the trusiees held any burficial interest in the company at any timc during the year or Tettiv¢d any Ttsnuner*ion for their servicc5. EHR is a membcr of Emm8us UL the fedu*ion of Fmmaus communiti¢s and grouF6 in the UK, and is a fi￿1 memt*r of Emmaus IntM￿ti01￿1. Tnulees Tnts¢ees are proposed for clcaioD by m4>nber5 of thc LK)ard atMI aP￿inted by res01￿1￿ of the iK)8rd 8nd EHR has always i*en fornmate ID attrading a high 5thnd￿ oftrus*¢s with awide range of professional skills. The arlicles of a&soci*ion state that the numbtr of thLStccs shall not be less than five iArt not subject to any maximum. At exh AGM any tru&ees ap￿]nted by the iThrd since the last AGM must Ix reapwintrd and tl longest serving third ot. the In￿¢¢5 5tsnd down bui may off¢r th¢mselves for re-clection. Michael Edwards, a longstanding trnstee of Ihe charity. reslgned from the iM)ard in June 2024 and w¢ thank him for his eontriljuuon ov¢r many years. In January 2025, outside th¢ period fornialty covued by this rewL we were pleased welcome Siobhan Sheridan to the EKJar(L Membersliip Th¢ current mcmixthip of the chariry compriscs the tnmees kn£¢th￿ with Maurcen Charlesworth (a retired trustees) and Emmaus UK. Organisalionalslruclure Sthff report io the trustees through the Community Manager ond are assist￿ in the operntion ofthe ¢harity by mpanions - the residents of thc community - kngether with the trusiee5 and volunteers. During the period covered by this rep)rt our SUp￿rt Worker reSIg￿d and w&s replaced and w¢ accepted our Busin&ss Manager's wish tt) reduce his working h(MTh These led to a revicw of other roles & responsibiliti and the recrniuncnt of a fiwther prt-tim¢ 5thff mcmiKr for the trading iw1￿. sthifing structure now comprises the Community MaT￿er Sup￿ed by a Dyty Community Manager. one fijlkiime & four part-lime members of stsff working al<￿8S1d¢ companions in the trading business together with a Support Worker and a Bookkeeper (iK)th part4ime). With six of our tM)w nine stsff working rArt-lime. tothl staffing at June 2024 equatrd ￿ 6.6 FTE. Rlsk managemenl The EHR Ixtsincss plan identifies spccTfic risks to Ihe SUCC￿ of the woject idernified by the trustees and the id¢n¢ified countenneesurcs ￿ those risk& The busirthess plan and risks are regularty reviewed. Pa8e 2 Emmau8 Hastlngs and Rother Trustees, Report Objedfves and activities AiRns apklwinciples The primary aim of the charity is to provide homeless and socially excluded people with iK)th a horne end meaningful work and to assist others in greater nee(L in accordance with thc principi&s of Ihe Emrnaus MovemenL The trustees of EHR subscribe ￿ Ihe fijndamental principles of the in*m&ional Emmaus movemenl enshrined in the Universal Manifesto of Ihe Emmaus movem¢nL the Emmous International Prin¢ipl¢s and MemiKrship Charter and the Emrnaus Iniemational solidarity commitments. Publi¢ hnefil Emmaus is a secular and nonylitical charity providing a successfiil model for the alleviation of homelessness and social exclusion and welcomes both men and women over the age of 18. The UK federation currently includes 29 communities with the capacity to support more than 850 fornierly hom¢le55 people and with fiwther three groups workin8 to establish new communitie& All are ind¢FMdent chartiies. The residenttal ommunities provide a home. sh¢ltcr and meaningful work for their residents. known as 'companions', many of whom come to Emmaus as a result of homelessness, relaiionship breakdown, uftemploymenl deb4 and alcohol or drug abuse. Work is provided by each community's social enterprise business, which typically trade in donated fiThiture and household goods and provide the basis for the community's largel of financial self-sustsinability. By providing a home and work within a supportive community environmeni those joining Emmaus communiiies are helped lo regain their self-esteem and gain the personal resouwes and skills to enable them ￿ move on lo independenc living &$ and when they wish io do so. The Government's 2019 English Indices of Deprivation (the mosl rccent availabl4 and for which 8n update is awailed) continued to identify H&siings &s one of thc 20 rnost deprived English LA are&8 and the most deprivcd in the SE outside London. Within this context EHR makes a unique contribuiion to the provision for homeless and socially VAcluded people in Has¢ings and Rother. Referrnls to the communiry Come frorn a range of sotwccs including local authorilies, statutory agencies, other local Charities and local health professionals and parthership working with these is soughi wherever possible. Beyond th¢ provision of a homc and work Emmaus wmmunities also benefit their ii'ider local communities by offering for sale S￿ond-hand donated goods at re&8onable pric￿ and deliver an environmen￿1 benefit by eocouraging the re*USe and recycling of univanted household goo(Ls, saving hundreds of tons of Was￿ from landfill each year. Many of our customers are people on very low incomes and, following the Emrnaus prtnciplc of helping thos¢ in the greatest need, we offer additional discounts to people in this situation. particularly those referred by other ¢horitics and agencies. Thes¢ dongtion5 in ki￿ together with other solidarity aclivities, wer¢ valued at £4k for the year. Page 3 Emmaus Hastlngs And Rother Trnstees, Report A¢hlevemeDts and p¢rforniAn¢e Previous re￿rts. cov¢rin8 the years ￿ June 2023. describc thc founding of EHR supported by the established community of Emmaus Brighton & Hove: the 2009 purch&8c of the Whiiworth Road sile and opening of our social enlcrpri5e, construction of the first pht￿ of the ￿¢0mmodatIOn block and ihe opening of the community in July 2011 with Capacity for nine companions. constrnction and opening of the second and third phases of the block which by June 2014 brought the cornmuniry ￿ its design capacity of 23; Ihe 2015 and 2017 openings of further shops in Battle (lease relinquished in 2021) and Bexhill: the impact in 2020 and 2021 of the Covid pandemi¢ and r¢￿Very from thaL While resolution in 2019 of th¢ lontrrunning dispule with Hasiin8s Borough Council over the level of h¢)using benefit paid to our companions and thc Ihcn 8overnmcnt's decision to shclvc plans for reforni ofthe ￿ndIng of supported housing improved our financial posilion, i¢ h&s remained ihe view of the trustees that. to 5￿Ure the long-terni sustainability of the charity, w¢ should contlnue to tar8et r¢duced dependence on the bcncfil System throu8h 8rowth of our social cntcrprise lJusines5. Key feaiures of the year ￿ June 2024 are sumrnari￿d below and, as always, the Irustees notc their thanks to thc companions, staff icam, volunteers and donors who made ihese possible and io the wider EMMAUS movement in th¢ UK for its conlinuln8 SUPPOrt. . The number of ￿mPanIonS livin8 in the community during th¢ year was just over 17 (74Vts), very cloK ￿ the figure for 2022123 and 88ain well bclow our tar8et of 90tA+ Four Companions joincd and four left th¢ community durin8 the year. two considered lo be positive 'mov¢ryons'. Noticeable amon8 reterrnls Ive￿ in¢reasin8 numbcrs of p¢ople with higher support needs, a trend also seen elsewhere across the f¢d¢ralion. During the ycar roll-out began across the fvderation of the common rewd-keeping system for companion 5UPPOrt (CRM), r¢f¢rred to in last year's report and developed io meth the r¢quirements of the Supported Housing (Rcgulalory Over5i8h() Act 2023. . For th¢ social ¢nterpris< a 9% rise in turnover w £354k was tar8clcd for 2023124. mad¢ up of forcc&st sales of £295k al Whiiworth Road, £36k at Bcxhill and other tradin8 income of £23k. In the event tumovcr for ih¢ year w&$ £351k, mad¢ up of shop sales of £284k at Whilworth Road (b¢low foreca5tX £43k ai Bexhill (above forec&st) and other tyadin8 income of £24k. During the year covcred by this report there a￿1n no progress lowards ¢ompletion of th¢ long-await link road be￿cen Scdle5comb¢ Road and Queensway that will follow the line of Whiiworth Road and pass immediately in front of our site. giving us much improved visibility and hopcfully footfall. At the date of this report. COns￿cli0n of this 600m slrelch of road w&s in its eighth ycar. However. in May 2024 East Sussex County Council announced Ih&¢ fundin8 had been secured to allow completion of the road by the ¢nd of the calcndur year. While this date may slip by a month or No, progress is at Icast now ¢learly visible. The community, including staff and uwtecs conltnues to play an active role in the UK fedcrnlion and will seek to contribute lo thc fcderdtion's dcvelopment plans, Locally. alongside the solidarity donations in kind referred to aEr*ve, ￿ hav¢ beeft pleased 10 8iv¢ material support lo a numkr ofother local chariti¢s working in similar area5 ¢0 ourselves, including the Haslings Foodbank, the Seavi¢w Dropin Centre and Warniing up the Homeless (Bexhill). Pagc 4 Emmaus Hastlngs and Rother Trustees, Report Flnantial revl¢w The year to 30 June 2024 saw a continuation of the overall gromryh in sales income that has been a feature or recent years. being up by just ov¢r 7 % on the prcvious year. On the other hand. receipis from th)natii)ns and legacies. which are of course an elcmcnt of our income which cannot be bUdge￿d for: showed a maTked decrease despite some very generous grants and don&ions that were received and include thosc acknoiYled8ed below. The overall result was a small deficii of cxptnditur¢ over income. despite M'hich the charity continues (o show 4 sÉron8 balance sheet. The liquidity posilion is satisfactory. and will enable us to mov¢ foTward with mllnber of important capitsl projects including rationalisaiion of the main building and the replacemeni of our ageing fleet of vehicles. Grdnts or help in kind were received in thc year from the following: . Emmaus UK . The Foreshore Tn￿l . The Francis and Eric Ford Chariry Trust . Halton Baplisi Church . Marshall Tufflex . The Queen Mother's Clothing Guild • The &siate of David Sansbury deceased Tn athlition to the abovc, wc express our thanks for the donations given by privat¢ ¢TU5ts and individuals and for the widc rdnge ot'support we receive from odier corporaie and wmmunity orBanisations. Manningtons, Chart¢rcd Accountanis, remain the charitys accounts examiners. Reservespolicy The charitys financial objectives indude that we should retain a minimum reserve of free (unrestricted) funds ¢quival¢nt lo three months. opernting costs. This wsltion has bccn kcpt under review. and il is considered appropriate io retain this thTe¢-month criterion at the present time. Page 5 Emmaus Hastings and Rother Trustees, Report Plalls for futuwt wiods As identified in W¢Vio￿ rep)rts, the ovuall financi￿ obie¢tive of the in￿ is to secure the long-terni sustainability of the charity by reducin8 deFaence on the benefii system through gromh and diversific￿1on of social ¢nierprise Ixjsine4 wimarily at Whitworth R08d As described earlicr in this reporl it ha5 proved unexpcctcdly difficult to grow cornpanion numbcrs back wity and doing so remains a prime objective for 2024125. Alongside thi5 is the need to comple* the io ensure companion records meet the rquirements of the Supwrted Hou%ing (Regulatory Oversight) ACL The key objcctive5 for the year to June 2025 then as follows: . To conlinue to re4uild comF4niM numbers back towards our capaciry of 23, providing a home and meaningful work to anmmd 30 people over ts year and fithhcr improve companion trainin8 znd dcvelopmcnl opwrtunities. . To complete intrrylueiion of the common ¢ompanion record system developed by EUK in reswnse to the requirements of the sUp￿rted Housing (Rcgulaw Oversi8ht) Act 2023. . A 5% rise in (urrK>ver to £371k is targrAed for our social enwise business. made up of shop sales of £295k Whitworth Ro*L £48k at Bcxhill and other trading inwme of£28L These figures includ¢ the negative impact of road closures &ssociatcd with compldion of the new link road on footfall at Whitworth Road through Autumn 2024 but make ￿ allowance for the anticiE*d posi¢ive IMP￿ of its ¢￿p1￿10￿ which should be becmiing apparent by thc cnd of the fina￿la1 year. • To improvc the layoui of the trading building shop aTrJ office spKe and kn seck further fimdin8 to impyove energy efficiency in the face of L))ntinuing rixs in cncr&v costs. * To continue w seek new ¢n￿le¢S with the skills needcd ￿ help mainlain and grow the charity over coming Page 6 Emmans Hastlngs and Rother Statement of Trustees, Responsfibilllles Thc ¢rus1tt5 (wlb) arc also the directors of ErnM￿ H&stings and Rothcr for the purpM of qjfflpany law) ere responsible for preparin8 the trustecs. rep)rt and the financial stslancnts in accordance with applicablc law and Uniied Kingdom Accounting Swthrds (United Kingdom Gen¢raily Accepied Accounting Praai¢e), includin8 FRS 102"The Financial Reporting Standard applicable in the UK aftd Republic of Ireland.. Company law rcquircs the trustres ￿ prepare financial Sthluncnts for each financial year. Under company law the trusiees must nol appTOVC the fjnancial st8trments Unle￿ they are satisfied thai they give a truc and fair view of the sthre of affairs of thc charitable company and of the incoming r¢sourccs and application of r¢source& including its income and expendilure. of th¢ charitsblc CoMp￿Y for thal period In preparing th¢sc fjnancial Slatcments. the truslees ore required to: s¢le¢( suithble accountin8 p)licies and apply thcm co￿1$*￿1y. obscrye the methods and principles in the Charilies SORP: m&ke judgements and t￿lMateS thai are re&sonable 8nd pnthL' slate whether applicable a¢¢ountin8 Standard& comwisin8 FRS 102 have been followed. subject to any rn&eriat departu￿ disclos•J and uplained in th¢ financial ststrm¢nts; and prepare the financial slalcmcnts on the 8oin8 concern bBsis unless it is inappropriaic lo presume th&¢ the charitsble company will coniinue in business. The In￿tteS are r¢S￿￿51b1¢ for kccpin8 proper accounting rccords can disclose with reasonable accuracy at any lime the financi￿ posilion of the dwithble company and cnable them lo ensure thai th¢ financial stat¢m¢nts comply with the Companies Act 2006. They gre also responsible for safeguarding the 1￿C1S of the charitable company and henc¢ for tskin8 reasonable steps for the prev¢nlion and detection of fraud and other irregularilics. The trustees ore responsible for the maintenance and inie8rity of the corpornie and financial inforni81ion included on the clwithblc componv's websi*. Le8isl&ion govemin8 the preparation and dissemirnlion of rinancial s(aiem¢nts may diffcr fmm Ic8islation in othcriurisdictions. Approved by the Irus¢tts of th¢ charity on 24 3. 1.s.. and si8Kd on its behalf by: ADPink Tn￿￿¢ P4¢7 Emmaw Hastings and Rother Independent ELqminer's Report to the trustees of Emmans Haslings and Rotber ('tbe Company,) I report ￿ the tharity tnjstees on my cxamin*ion of the ￿0)unts of the Cornpwny for the year ended 30 June 2024. RespoNslbllitles and b#sls Of rq￿rt As the charity's Irustee5 of th¢ Company (and also its directors for the PUTPW of company law) y(w are resF￿nsiblc for the prepardtion of the accoun￿ in accor￿ with the rw4uiranenLS of the compani￿ Ad 2006 ('the 201)6 Ath.). Having salisficd mysdf that the accounts of the Cc%npzny are nol requird to b¢ autht¢d under Part 16 of the 2006 Act and are cligible f(x indepthdent examinatio￿ I rewrt in respeci of my cxamin￿l￿ of your chariry's accounts as wi¢d out und¢r seaion 145 of the Charities Act 2011 ('the 2011 Aa.). In carrying oui my lamination I havc followcd the Dircclions giv￿ by the Charity Commission undcr section 145{5Xb) of thc 2011 Act. Independent eLqmiRw'3 ststement SirK¢ the Company's gross incomc exceeded £250.000 your examiner MU￿ bc a of a body listed in 5edion 145 of the 2011 AL£ I confirni that l am qualifial ￿ ￿rtde￿¢ the examination b¢awe l am a memb ot". which is one of the listed Edies. I have complded my examinalion. I confirm that ￿ tnallus Imvc (xMne KI my *tention in conneclion with the xamination giving me to believe: l. accounting records were not kw in Tespccl ofErnmau5 Ha￿1￿8$ Rother &$ required by section 386 of the 21x16 A¢ or 2. the accounts do not aceord with those records. or 3. the acwunts do not compfy with the ￿)Unting ryiiremcnts of se￿1￿n 396 Of the 2006 Ac¢ other than any requircment that the &counts giv¢ a 'truc aTKI faiT view whith is T￿1 a maitCT considered as part of an indewdcni Cxwnlnatio￿ or 4. the accounts have not be¢n prq)ared in accordance with the methods and principles of the Sthtement of Recommended Praclice for accounung and rep)rting by charities [appliL7ble to charilies weparing their accounts in accordance with the Financial Rewrting Stsndard applicable in the UK and Republic of Ircland (FRS 102)]. I have concerns and have come across ￿ oth< mAtlrJs in Conne￿ with the examination to which attention should ￿ drawn in this rcport in order io cnable a proFr undustanding of the accounts to be reached. Rowena Walsh FCCA Chartcrcd Accounlants 39 High Street Baitle TN33 OEE Emmaus Hastings And Rother St21ement of Financi21 Acliviti&q for the Year Ended 30 June 2024 (Ineludlng Income And Expenditure Aecount And Statement of Tot21 Recognised Gains and Loss￿) Total 2024 Unresti7cted Restrfeted Note Incomt •nd Endowments from: Donations and Icgaci¢s Charitable a￿1vIlle$ Invutsnent income Other income 17.429 468521 27,878 45,307 468.521 6,066 520 520 Totsl In¢ome 492 536 27.878 520.414 ExpeDditsre on: Charitsble activiti Govemanee ￿sts (487.108) 4.150) (36.332) (523.440) 4,150 Totsl Exp¢ndilUTe 491.258) ￿30 332) 1.278 {8,454) 22.837 (22,837) 527.590) Nd incomeJ(exp¢nditure) Transfers between funds (7.176) Nel Mov￿¢nI in funds 24,115 (31,291) (7,176) Rttonc1112don of fuad¥ Totsl fimds brough¢ forward Tolal funds ¢arried forward 784.337 418.912 1.203249 21 808.452 387.621 1 196.073 The rxites on pa8cs 13 to 25 forni an in*graJ ofthese financial sthments. Page 9 Emmaus Hastings and Rother Statement of Flnancial Aclivities for tbe Year Ended 30 June 2024 (Including Ineome and Expendilure Account and Statement of Total Reeognised Gains and tAbsses) Total 2023 Unrestrlcted Restrfcted Note Income 4nd Endovrfments from: Don*ions and legacies ChaTithl¢ aclivities lftv&stmeni income Other income 57.284 420.450 2.693 27.485 29,941 87.225 420.450 2,693 27.485 Total Income 507,912 29,941 537.853 Expenditsr¢ on: Charitablc activiti Govemance costs {464.355) (50,071) {514.426) (4,800 Totsl Expenditure 469,155 (50,071 519226 Net incomel{expenditure) Transfers between ￿ndS 38,757 {20.130) 3,129 18.627 Net movement in funds 35,628 (17.001) 18.627 Recotttlllatlon of funds Total fijnds brou8ht forward Total funds carried forward 748.709 435.913 1,184.622 21 784,337 418912 1203.249 All of the charity's acliviii¢s derivc from continuing opcraiions during the two periods: 2022123 (shown above) and 2023124 (shown on the previous page). The funds breakdown for 202Y23 and 2023124 is shown in n¢Xe 21. The notes on pages 13 ￿ 25 forn] an inie8ral part of th19. Nominal rwments re*Stsrted in Jun¢ 2021. The grants are othmvise repayable in ￿11 if the chariry Cea￿ ￿ bc a member of tk Emm￿% Fedcrntion in the Pag¢ 22 Emmaus Hastfings and Rother Notes to the Flnanclal Statements for the YeAr Ended 30 June 2024 21 Fuods BAIAn¢e at 30 June 2024 Balxn¢¢ at I July 2023 Ineomlng resourees Resoun expended TrAnsfers UDrestr&c¢ed fundi Genernl General funds 774,337 492,536 (491.258) 22,837 798,452 Deslgnaled Second retail outlet fund 10,000 Totsl unrutrlcted funds 784 337 492.536 491.258) 22.837 8D8.452 Restrleted funds Accommod&ion block building fund Trading building Improvements fund Lloyds Foundalion Grant CRASH Grant Emmaus UK Grani Companion Specillc Cfrop Community Foundation PosteA)de Lottery SESF Companion Trninin8 l Move on Support Gym Projeci Sain5burys Eat Better Grnnt Scrcwfix Foundation Foresure Trust Emmaus UK Solar Grnnt 351,608 (24,274) (224) 327,110 4.848 3,275 9,619 4.486 (500) (1,638) (368) (286) (1,927) (3.140) 1.208 1,637 9.251 2,133 370 (2,067) (581) 2,878 1.382 4.873 1.712 (1.382) (1.948) (1.216) 2,925 1,712 1,216 2,079 4,511 933 1,221 4,365 24.000 (2.079) (4,511) (933) (1,221) (2.265) 5.650 (2.100) TotAI restrlrt¢d funds 418.912 387,621 Totsl 1,203,249 520414 527,590 1 196,073 Page 23 Emmaus Hastfings and Rother Notes to the Fln2Dclal Statements for the Year Ended 30 June 2024 Balance at 30 June 2023 Balance at I Juty 2022 In¢omlng resources Resou￿¢1 expended Trnnifers UnTe5trlrted funds General General funds 738.709 507.912 (469.155) (3.129) 774337 De5i8nated Second rdail ouilet fund 10.000 10,000 Total uDreJtrtfted fundj 748.709 507.912 469.155 3.129 784,337 Restrleted A¢eommodaiion block building fund Trading building improvcmcnts fund Lloyds Foundation Granl CRASH Grant Emmaus UK Grant C(wp Communiry Foundation Pojtcode Lottery SESF Companion Training l Movc on Supwrt Gym Project Sainsburys Eat Bcticr Grant Swtwfix Foundalion Foresurc Trusl Emmaus UK Solar Grant 375,657 (24.274) 225 351,608 5.200 4,913 9,987 2,227 (3,492) (1,638) {368) (47) 3.140 4.848 3,275 9,619 4,486 1,326 980 4,236 6,821 4,144 (2,854) (1,948) (1,216) 1,382 4,873 1,712 (1,216) 2,079 15,131 933 4,585 2,079 4,511 933 1.221 4.365 24.IXIO 250 (10,870) (3,364) 4.365 24,000 Totsl reJtTlcted funds 435.913 50.0711 418,912 Total funds 1184,622 537.853 519226 1203 249 Page 24 Emmaw Hastings and Rother F4otes to the Financlal Statements for Ibe Year Ended 30 June 2024 22 Anatysis of net assets between fu•ds Total fullds at 30 June 2024 fiJnd5 Gujeral ftsnds Tangibl¢ &￿ts 481328 385.828 {54J71) 387.252 369 869.580 386.197 (54,371) 5.333) Curreni liabililics Credi(ors over l year Total nd &￿ets 808.452 387.621 1.196.073 Total funds it 30June 2023 nds Genenl Restricted d$ Tangible fixed assets Currcnl assets Current liabilities Crcditor5 over l year 485.054 348.972 (43,022) (6.667) 375.968 42.9U 861,022 391.916 (43.022) (6.667) Total net assets 784337 418.912 1203,249 23 R¢lated party traDsvd¢tions Trnst¢e loan In a prior year an infoTmal intrrest free loan of £5,000 had been mad¢ to the chariry by a ITu*c. This r¢mained outstsnding at the year ensi At the balanc¢ sh¢¢¢ da￿ the amouni duc w the Tr￿1¢¢ loan was £5,oc￿ (2023 - £5.000). Page 25