COMPANY REGISTRATION NUMBER: 06363642 CHARITY REGISTRATION NUMBER: 1126151
Shepperton Pre-School Limited Company Limited by Guarantee Unaudited Financial Statements 31 August 2020
SUE WOODGATE ACA
Chartered accountants 42 St Nicholas Drive Shepperton Surrey TW17 9LD
Shepperton Pre-School Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2020
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Shepperton Pre-School Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2020
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2020.
Reference and administrative details
Registered charity name Shepperton Pre-School Limited Charity registration number 1126151 Company registration number 06363642 Principal office and registered Pre-School Hut office Glebeland Gardens Shepperton Middlesex TW17 9DH
The trustees
Mrs S Morris Mrs S Ockendon Mrs A Bosman Mr J G Miller Mrs S Brimble Ms J Bulatovic Mrs C Wilson S P Heal (Appointed 1 October 2020) C S Morris (Appointed 1 October 2020) G R D Lansdale (Appointed 3 December 2019) Independent examiner Sue Woodgate 42 St Nicholas Drive Shepperton Surrey TW17 9LD
1
Shepperton Pre-School Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Structure, governance and management
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Trustees are recruited from members of the Pre-School as well as members of the local community. Trustees are invited to continue their commitment to the charity even after their children have moved on from the setting, to ensure continuation of the objectives and achievements of the Pre-School.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and activities
Our objectives are to promote the well-being and development of children across all areas of learning through the provision of the Early Years Foundation Stage curriculum at the Pre-School to children particularly, but not exclusively, within the Shepperton area.
Significant Activities
We are a sessional Pre-School providing care for children aged 2 years 7 months old to 5 years old.
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
2
Shepperton Pre-School Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2020
Achievements and performance
Charitable Activities
By introducing a pedagogy of In The Moment Planning Shepperton Preschool have moved towards following the children's interests with appropriate adult intervention. This focuses on supporting all children as individuals which in turn helps them to develop all areas of learning and really supports them in getting ready for school. Working in partnership with parents, carers and local schools our aim is for each child to achieve their own individual potential and gain and develop skills that they will need and use at school. Shepperton Preschool has renewed focus on the social, emotional and mental health of all children in their care in order to support the children to build resilience. This has been vital this year during the Covid-19 pandemic which has had a huge impact on the team and families of Shepperton Preschool.
Financial review
Reserves policy
There is a policy to maintain reserves at a minimum of £30,000 at any point during the year. Budgets are prepared to ensure Shepperton Pre-School achieves adequate financial performance whilst continuing to provide outstanding quality.
Principal funding sources
The income of the organisation during the year consisted of fees, government funding for the provision of pre-school places and grants from Surrey Early Years.
Future Developments
Through training and development of staff, and recognising outstanding performance, the charity will continue to build on its longstanding success,The involvement of parents to further develop fundraising activities is central to the company's success. Maintaining a prudent investment policy and careful management of costs will support further enhancement of provision, thus meeting the expectations of the local community.
The trustees' annual report and the strategic report were approved on 9 November 2020 and signed on behalf of the board of trustees by:
Mrs S Morris Trustee
3
Shepperton Pre-School Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Shepperton Pre-School Limited
Year ended 31 August 2020
I report to the trustees on my examination of the financial statements of Shepperton Pre-School Limited ('the charity') for the year ended 31 August 2020.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you 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 accounts of the company 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 the charity’s accounts 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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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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
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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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 accounts to be reached.
Sue Woodgate Independent Examiner
42 St Nicholas Drive Shepperton Surrey TW17 9LD
9 November 2020
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Shepperton Pre-School Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2020
| 2020 | 2020 | 2019 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 17,828 | 17,828 | 10,005 |
| Charitable activities | 6 | 158,301 | 158,301 | 161,758 |
| Other trading activities | 7 | 1,395 | 1,395 | 4,684 |
| Investment income | 8 | 5 | 5 | 2 |
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| Total income | 177,529 | 177,529 | 176,449 | |
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| Expenditure | ||||
| Expenditure on charitable activities | 9,10 | 153,310 | 153,310 | 150,152 |
| Other expenditure | 12 | 198 | 198 | 440 |
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| Total expenditure | 153,508 | 153,508 | 150,592 | |
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| Net income and net movement in funds | 24,021 | 24,021 | 25,857 | |
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| Reconciliation of funds | ||||
| Total funds brought forward | 80,788 | 80,788 | 54,931 | |
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| Total funds carried forward | 104,809 | 104,809 | 80,788 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Shepperton Pre-School Limited
Company Limited by Guarantee
Statement of Financial Position
31 August 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 16 | 526 | – |
| Cash at bank and in hand | 104,878 | 81,657 | |
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| 105,404 | 81,657 | ||
| Creditors: amounts falling due within one year | 17 | 595 | 869 |
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| Net current assets | 104,809 | 80,788 | |
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| Total assets less current liabilities | 104,809 | 80,788 | |
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| Net assets | 104,809 | 80,788 | |
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| Funds of the charity | |||
| Unrestricted funds | 104,809 | 80,788 | |
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| Total charity funds | 19 | 104,809 |
80,788 |
For the year ending 31 August 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 9 November 2020, and are signed on behalf of the board by:
Mrs S Morris Trustee
Ms J Bulatovic Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Shepperton Pre-School Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2020
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Pre-School Hut, Glebeland Gardens, Shepperton, Middlesex, TW17 9DH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fortunately the charity has spent several years building up reserves to give it a strong financial basis and in the opinion of the trustees the global pandemic will not have a significant financial impact on the charity's position going forwards.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Shepperton Pre-School Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Defined contribution pension plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
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Shepperton Pre-School Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
3. Accounting policies (continued)
Defined contribution pension plans (continued)
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £10 to the company should it be wound up.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 1,908 | 1,908 | 6,231 | 6,231 |
| Grants | ||||
| Inclusion grant | 1,100 | 1,100 | 2,536 | 2,536 |
| Coronavirus job retention grant | 12,617 | 12,617 | – | – |
| Apprenticeship grant | 1,000 | 1,000 | – | – |
| Deprivation grant | 1,203 | 1,203 | 1,238 | 1,238 |
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| 17,828 | 17,828 | 10,005 | 10,005 | |
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6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Fees received | 25,187 | 25,187 | 29,445 | 29,445 |
| Local Authority funding | 129,015 | 129,015 | 127,701 | 127,701 |
| Discretionary funding | 4,099 | 4,099 | 4,612 | 4,612 |
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| 158,301 | 158,301 | 161,758 | 161,758 | |
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7. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Fundraising events | 1,395 |
1,395 |
4,684 |
4,684 |
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Shepperton Pre-School Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
8. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 5 | 5 | 2 | 2 | |
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| 9. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Running of Pre-school | 138,332 | 138,332 | 136,821 | 136,821 | |
| Support costs | 14,978 | 14,978 | 13,331 | 13,331 | |
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| 153,310 | 153,310 | 150,152 | 150,152 | ||
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| 10. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | Support costs | 2020 | 2019 | ||
| £ | £ | £ | £ | ||
| Running of Pre-school | 138,332 | 14,978 | 153,310 | 150,152 | |
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| 11. | Analysis of support costs | ||||
| Analysis of | |||||
| support costs | |||||
| for running | |||||
| the pre-school | Total 2020 | Total 2019 | |||
| £ | £ | £ | |||
| Premises | 8,858 | 8,858 | 7,923 | ||
| Communications and IT | 670 | 670 | 618 | ||
| General office | 3,844 | 3,844 | 2,606 | ||
| Finance costs | 81 | 81 | 83 | ||
| Governance costs | 1,525 | 1,525 | 2,101 | ||
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| 14,978 | 14,978 | 13,331 | |||
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| 12. | Other expenditure | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Fundraising costs | 198 | 198 | 440 | 440 | |
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Shepperton Pre-School Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
13. Independent examination fees
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 595 | 595 |
| Other financial services | 780 | 780 |
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| 1,375 | 1,375 | |
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14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 128,674 | 125,479 |
| Employer contributions to pension plans | 1,159 | 997 |
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| 129,833 | 126,476 | |
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| The average head count of employees during the year was 16 (2019: | 16). The average number | |
| of full-time equivalent employees during the year is analysed as follows: | ||
| 2020 | 2019 | |
| No. | No. | |
| Number of staff - type 1 | 16 |
16 |
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
15. Trustee remuneration and expenses
No remuneration was paid to any trustee during the year for services as a trustee.
During the year remuneration of £31,296 (2019 - £28,270) was paid to Mrs S Morris as allowed in a provision within the governing document of the charity, for services as manager of the preschool. Pension contributions of £759 (2019 - £663) were also paid in respect of Mrs S Morris.
16. Debtors
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | 200 | – |
| Other debtors | 326 | – |
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| 526 | – | |
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11
Shepperton Pre-School Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
17. Creditors: amounts falling due within one year
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 595 | 869 |
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18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,159 (2019: £997).
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 | September | 31 August 20 | ||
| 2019 | Income | Expenditure | 20 | |
| £ | £ | £ | £ | |
| General funds | 80,788 | 177,529 | (153,508) | 104,809 |
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| At | At | |||
| 1 | September | 31 August 20 | ||
| 2018 | Income | Expenditure | 19 | |
| £ | £ | £ | £ | |
| General funds | 54,931 | 176,449 | (150,592) | 80,788 |
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| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2020 | |||
| £ | £ | |||
| Current assets | 105,404 | 105,404 | ||
| Creditors less than 1 year | (595) | (595) | ||
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| Net assets | 104,809 | 104,809 | ||
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| Unrestricted | Total Funds | |||
| Funds | 2019 | |||
| £ | £ | |||
| Current assets | 81,657 | 81,657 | ||
| Creditors less than 1 year | (869) | (869) | ||
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| Net assets | 80,788 | 80,788 | ||
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20. Analysis of net assets between funds
12