SEVEN HILLS EDUCATIONAL TRUST Charlty No. A1281.49 Company No, 06716163 Trustees, Repwt and Uii4iidltwl A¢¢ounts 31 October ?023
SEVEN 141LLS EDUCATIONAL TRUST Lontents Pa8es TnJ5tee5' Annual Report Independent Examiner's Report Ststement of Flnancial Aetivitie5 Summary Income and Expenditure Account Balance Sheet Note5 to the Account5 13to15 Detalled Statement of Financlal Aetlvities Page I
-%EVEN HILLS EDUCATIONAL TRUST Trustee5 Annual Report The trustees, who are aSs0 director5 of the charity for thè ijurposes Lif tho Lompanie5 Act ?.OOS, present thelr report INlth the unaudlted financial statemeF)t5 of the chai'i'ty for the yeai. ended 31 Q¢tolJer 2023. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 06716163 Charity No. 11281J9 Prlncipal Office Marathon House 1-9 Evelyn Street London ,SE8 JRQ ReElsteYed Office Mar4tlion House 1.9 Evelyn Street Londoii sr8 5RQ DireL*ors and Trustees The Dlrectors of tlie Lharltable company are. Ils I'riisl'ees for the purposes of Lhii rity law, The following Dlreelors and Trustees serve.d dUrIn the year: fvl. All I;- Aiican K. Canbay o.r. De.mlr l. Parlak D. Y8vuzhan IReslgned l July 2023) (Roslgned I July 202.31 A¢countsnt$ Lrlc & Co 87 Tylecroft Road London 5W16 4BJ Fjankers 14SBC Bank I South Place London EC2M l)age 2
.SEVEN HILLS EDUCATIONAL TRUST Trustees Annual Report OBJECTIVES AND AcfiviTIES The purpose of the charity as SEI out in its gOvLrning docuTYient is thdt of the advÈincernent of educatSon of pupi15 and students in the United Kingdom.The Trus'tpes confii'ir tl)hl' i'liey huvp paid due regard tn the giudence ctsntain in the Charlty foiTimifuSion s Ivenpriil Riiidini"p on public bLJi)elil' when reviewii)g Ihp Trust's ims and objectives in setting the poll for the ijeriod. FINANCIAL REVIEW A revlew of the charlty's financial p051tlon at the year erid 31 Octobei ?.0?.3 tlie level of Income for the ye81. remalned satlsfactory and enable the trust to SUPPOrt it5 level of expenditure on the ch8ritablLI objertlves. There was deficlt for the year ended 31 October 2021 of £ 28,027 05 Compared to net surplus ol, £21,191 for 'Ihe year ended 2022. PL4NS FOR FU-fuRE PERIODS The pollcle5 and purposes Df the Trust shall contSnue under the provisions of the Trust deed wlth resards to the public beneflt .STRUCTURE, GOVERNANCE AND MANAGEMENT The nature of tlie goveriiin8 docuinent and how the charity is ronstltijted .The I'rustls reKlsiefed as a Chai'itable compaiiy liinit(..,d by Eur4InteC as sel up In tho Miiyi(Iraii(luiii of AsSOLldtion i)1) 06 OL'liibÉir 2(108. The management of the trust Is the responsSbllty oFtho Tru5teeJ. The day t'o day ddmlnlstratlon of the Trust Is carrled out by the operatlnB Trubtee. The Trustee5 are Tesponslble for keopln8 proper accoiiiitiiig rpt.ord5 that disrlo. e wltl) reasonable accuracy at any time the financia! position of tlie charlty and to enablv thoin to ensure thclt the fli'iancial st¢ltemenls comply witli the Coinpanies Act 2006. The Trust¥es are also rcsponSIble for Sdfe.gui>rdin8 théi assets of the charlty 8nd hen takln8 roasonable. steps for the prevention and dotTr.cllon of fr41ud and other Irrp¥ularillo5. The above report ha5 been prepared In aceordai)ce wlth the Iirovlslon5 applicable to cumpanles SLiblett to tlie small companSes regime as Set out In Parl 15 rjf the Companles Act ?006 And In aLcordance with the Charltles SORP IFRS 1021. 51Bned on behalf of the board K, Canbay Trustee 19 September 2024 Page 3
StVEN HILLS EDUCATIONAL TRUST Inilependent Examiners Report Independent Examiner's Report to l.he trustees of SEVEN HILIS EDI.ICATIONAI.. TRusr I report to the charity trustee5 on my examinatloii of the financial statements of SEVEN HILI.S EDUCATIONAL TRUST for the year ended 31 October 2023. RespOnbIlItIeS and basls of report As the charity's trustees of the con)pany land Hlso its dlrer.tors for the purpo.ses af. company lawl you are respon51ble for the preparation of tlie financial statements in èrcoiylaiice with tlie requiremttnts of the Companie5 Act 20061'the 2006 Act. Iciviiig satisfied myself that the financlal statements ot the charity are not required to bo audited under Part 16 of the 2006 Ad and are eligible for independent examlnation. I report in respect of my exarnlnation of vour eharitV'5 financial statements as Carrled oul under section 145 of the Charitios Act 20111'the 2013. Act'l. In carryln8 Out my examlnation I have followed the Directions given by the Charity Commlssion under sQCtion 145151 Ibl of the 2011 Act. IndePendet eMamlner'$ statement A5 the ¢harlty's gross incoine exceeded £250,001) your exiimiiier n)u5t be a meiTriber of a body li section 145 of the 2011 Act. I tonfirm that l aim qiialifleil to undertake the examliiatlon because l am a member of Chartered Certified Accountant5, which is one of ili& listed bodles. I have completed my exarnlnatloi). I can Confirm that i)0 I'naierlal m4tters h¢?ve come to my attentlon In tonnectlon wlth the examinatloll 8Svin8 nie causp to helleve.. • accoui)tlng I'ecords were not kept In a¢cordanLe wlt11 sectlon 386 of the 2006 Act,, or the financlal statement5 do not accord 1th ihose records; or the flnancial statements do not comply wlth tlie ac¢oun'lii)g requlrpmeiit5 under 5ectlon 396 of ihe 2W6 Act other than any requlrement tliat the flnanclal stètemenl's give a 'true and falr, vlew wlilch Is not a matter considered as part of an Independent examinatlon,. or the flnanclal statements have not been prepared in accordance wlth the methods and i)rlnclple5 of the Statement of Recommended Practlce for accounting and reportin8 by cliarilles appllcable to char5tles preparlng thelr accounts in accordance wlth the Flnanclal Reporlli)8 Standard applicable in the UK aiid Republic of Irelaiid IFRS 1021. I have no concerns and have come across no other matleis In coi)neLtlon with tlie pxamln?tlon to wl?ich attentlon should be drawn In thls report In order to enable a proper underslandlng ol the flnanclal stat@nients to be reaclied. J¥f b.'ric Asliong IFC Accountants I Chartered Cert5fled Erlc &Co 87 Tyle¢roft Road London SW16 4BJ J.9 September 2024 Page 4
SEVEN HILLS EDUCATIONAL TRUST trfltemont of Financial ActivitlÈs for the year ended 31 Ottober 2023 Unre5tricttd Restrirted funds funds 2023 202.3 Total thjnds 'fotal fuiids 2Q23 Notes Income and endownients from,. Donations and legacies Charltable activities Other tradlng actlvltie5 Other 240,929 43,752 228,OJ.6 240,929 43,752 228,016 9,156 148,31.0 47,050 267,287 7.1 9,155 Total 512,698 521,853 4(i2,7&.4 Expendlture on: Ralsing funds Charltable activities Other 71 71 29 8,379 433,125 53J,J29 5rt1i,/?5 9,155 544,684 Total -'i49,880 441,,533 Net g¢?Iiis on investments Net lexpendlturelllncome Yrznsfer5 between funds Net lexpeiidlturelllncome before other 8alns/llossesl Other 8alns and losses li 128,0271 128,0271 21,191 128,0271 128,0271 21,191 Net movement Sh fund$ 128,0271 128,0271 Reconclllation of funds: Total funds brought forward Total funds carrled torward 140,414 140,414 l.l5,938 11.2,3XI 112,387 117,129 Page 5
SEVEN HILLS EDUCATIONAL TRUST Sunimary Income and Expenditure Account for the year ended 31 October 2023 2023 Income 521,853 462,724 Gross Income for the year Expenditure 521,853 41i2,724 545,130 4J9,434 Interost payable 925 1,161 Depi'eclatlon and charges for Impalrment of fixed assets 3,825 938 Total expendlture for the year Nèt lexpendltui.el/income before tax fur the year )49,880 12.8,0?71 128,0271 ?.1,191 Nèt lexpendlturo Illncome for tho year Page 6
SEVEN HILLS EDUCATIONAL TRUST Balance Sheet Dt 31 October 2013 Company No. 06716163 Notes 2023 2022 Fixed asset5 Tangible assets 13 4.454 2,363 Current assets Debtors Cash at bank and In hand 14 354,294 4,432 358,726 1221,3281 l37,398 141,852 366,278 5,509 371,787 1200,Oil 81 171,129 1741,092. 131i,t1631 137,129 Credltors". Amount falling duÈ wlthin one year Net current assets 15 Total assets less current Il&bllllles Lredltors: Ainounts lalliii8 due aftei. more tl".an Diie year Net assets extludlns penslon asse.t or IlablSltv Tot41 nèt a$set$ J.6 129.4651 112,387 11?.,38'1 137,129 The funds of the charlty Restrlcted fun(15 Uni'estrlcted funds General funds J,7 17 112.,387 140,414 112,38'7 14Q,414 Re.s¢rves J.7 Total funds 11?,387 140,414 These accounts have been prepared In a¢¢ordaii£e with the sppclal provlslons of Parl 15 of the Companies Act 2()6 relètlng to small companles. For the year ended 31 October 2023 the compaiiy was entitled to exeinptlon uiider sectlon 477 of the Companles Act 2006 relating ID small comp8nips. I'he mombers have not required the conipany to obtBln an audit In ac,tordance with sectlon 476 of the CDmpanles Act 2006. l-he directors acknowledge thelr responsibSlltlcJs for ioinplylnB wilh the rpqiiireniL)nts of the Compane5 Act 2006 with respect to accoiintlFig records and the prepdratlon of accounts. Approved by the board on 19 September 2024 And slBned on fts behalf by.. l. Parlak Trustee 19 September 2024 Page 7
SEVEN HILLS EDUCATIONAL TRusr Note5 to the Accounts for the yeay ende4J 3J. October 2023 l A¢counting policles Basis of prepar8tion The financial staten)ents have been prepared in accoi'dancc. wli.'h Acoourilinll And Reportlng hy Charitles: Statement of Rec.ommended Pracl.Ice appliccible tQ Ll)oritie% preporin8 tlieir tictL)Ulit5 in 'ircoi'dliricf! wlf.'h the Flnanclal Reporting Stèndard applicable in the UK snd Republlc of Ireland IFRS 1021 (effective I January 20151 ICharltSes SORP IFRS 10211, the Financial Reporting Standard applirable Irb the UK an(1 Republic of Ireland IFRS 1021 and the Companie5 Art 2QIO6. Change in basis of accounting or to prevSous a¢courtts There has been no change to the accountln8 pollcles Ivalu¢ltlon rules and i)7ethod of accountlngl sli)ce lost year and no changes have boen made to accounts f"oi' previoLl% yeai's. Fund accountin8 Unrestricted fund5 These are available for use at'ihe disciEt.ion of the truslees In furtherance uf the general olilf cts of the charlt.y. These are unrestricted fuiids earmarkild by the triJstep5 for parllcular purposes. These aril unrestrlckvd fiinds whicli incliirlc <1 I'evaluotlon reseive repre5entln8 the reslatpment of invLastment *?.4.setS 7¢ t I'heii. m&rl<(bt val(ie.s. These èro 8vallk)ble foi. Iisg. sublLI(.'t to roJft.rl¢llL)n¢ Impu.%fA(I by tho donrji. or thrDuKh terms of an appeal. Desl8nated funds Revaluatlon funds Restrlcted funds Income Reco8nltlon of Income Income15 Included In the Statement of Financlal A¢t5vltles ISOFAI when th@ charlty becomes entitled to, and vSrtually rertaln io I'pcelvp, the Income and the Bmotsnt of the Income can be measured with suffi¢l¥.nt reliabtllty. lftcome wlth related Where Income hè5 related expeiidlture tlio income and rèlated expenditUf¢ Is expenditure reported gross In the SofA. Donatlons and legacles Voluntary Income receSv?d by way of grants, (lonatlDllS and glfts Ss Included In the the StsFA when receivable and only when tlie Charlty lia.£ unconditionol entil.len)ent to the Incume. Tax reclaims on Income from tax rpcl¢ilms i. 1iicliir.led In tlip 5nfA clt. the san)e tlme as tlip donatlons and gifts glft/donatlon to whiLh It rLilatL5. Donated servlces and faclllties These are only included in Income Iwith an equlvalent amount in expenditure) where the benefit to tlie Ch8rlty is reasonably quantlflable, measurable and material. Volunteer help The value of any volunteer help reeeived Is not included In the accounts. Investment Incomè Th15 Is Includod In the accounts when rpceivable. Galns/llossesl on Thls Include5 any Eaiii or loss I.elting f'roin i-evi( luiiig Ii)vestrnenteh> to market valve revaluation of fixed at the end of the year. assets Galnslllossesl on Investment assets Tl)Is includos any 8aSn oi. loss on tho sale of investments. Page 8
SEVEN HILLS F.DUCATIONAL TRUST Notes to the Accounts Expendlture Recognition of exppnditure Expenditure is C.ognIsed on an gicrrualq basis. ExpendltLire iiicludp5 81.iy VAT which cannot fully rocovcJred, a11d is reported as parl of 15ie expi>nditure lo whlcli it relates. Expenditure on raislng fui)d5 I'hese comprise the costs a.550ciated wlth atlractir>L> voluntary income, fiindraiGln8 trading Costs and investment management costs. ExpendSture on These comprlse the costs iiicurred by the Charity in the delivery of its activitieis and charltable actlvltles services In the furtherance of its objecl5, Includln8 the maklng of 8rants and governance costs. All Eraiit expendlture Is ac¢ouiited far on n art.ual paSd bd5is plus (lll iiriiual for grants that have been epproved by Ihe trustees at the end of the year but not yel Paid. These include those costs a5SOCiated wlth meeting the constitLrtional and stalutory requlrements of the Charity, including Dny audit/indepLJndent examlnation fee.s, costs liiiked to tlie strategic maiiagein@.I'it of tlie Charlly, loKetlier with a J*hare of. other aciMin15tratlon costs. Other expendlture Tliese aro siipport Losts not hllorat(...d t(1 pai-licul¢if IL rlivily. Grants payable Governance costs Tpxatlon The cliarlty Ss exempt from corporatlon tax on tts charitable.attivltie.s. Tonglble fixed assets and depreclfitlon Depreciatlon 15 provlded at the followlng annual rates In order to wi'lte off 8cli asset over Its estlniated useful1Sfe'. Motor vehlcle Flxtures,fittln8 and equipmenl 25% Redueln8 balari¢o 33.33% Reduclng kialance Freehold Investment property Investment propertles are measured Initlally at cost cind 5ubsequL'ntly at falr value dt tiarh balance sheet date and lire not depreclatpd. All galns or lo.ssi%s arÉ,,'liJken to tl)e Slalenieni (>f l.-Inancial Ad ivltles 11$ they grlse. Sto¢k5 Stock Is Included at the lower of cogt or net realisable value. Donated Items of stock are recognlsed at falr value which 15 the arnount thÈ charity would have bee.n willing to pay for the items on the open m8rkel. Trade and other debtors Trade and other debtor5 are rècognised at the 5ettlenient amount due after any t'rade didf>tount offpi"eLf. Prepayments are valued at the amount prepaid net of any trade discounts dye. Cash and cash equlvalents Cash and cash equivalents comprlse cash at bank and on hand, demand depo.sits with bank# anrl other short-term highly liquld 5nve5tment5 wlth original maturities of thr¢&e OnthS oi. less and bank overdralts. In the stateinent of flnanclal posltlon, bapli overdrafts are Sho1n within borrowiiigs or i-urreni Ilabilities. In the Statement of Casli flows, CiLsli ancl Q<)sh e4uivdleiit.¥ art: Iiowii iie.t of l)ank (Iverdrafiof il)13t al'e repayable on demand and forrri an inte8ral part ol tlie Lompa17y s casli iy)ariiigement. Page 9
I'FVEN IIILIS EDUCATIONAL TRUST Notes to the Ac¢ounl Trade and other ¢redltor5 Short term creditors are meaSud at the trènsartion price. Other creditor5 and provlsions are recognised where the charity has a presont obligat5on re5ultiiiB fiom il past event thrit wlll probably result in the Iransfer of funds to a third party and the amount due to Settle thp obllgètion can be measured or estimated reliably. Creditors and provisSons are norm?Ily re¢ognlsed èt their 5ettl@nient amount after allowing for any trade discount5 due. Research and development EKpendlture on research and development Is wrltten off In the year In whlcli It Is Incurred. Foreign currenties Monetary assets and Ilabilities denomlnated In currencies other than the functional currency of the charity are translated at the rates of exchange prevallinE at the end of the repc>rting period. Transactions In curreiicies other tliBn the functlonal ¢iirrenc¥ of tlie c,liarity are recorded at the rate of o)tchanBe on the date that the trai?S¢irtion ocrurred. All exchange clifferences are are takon Into accounl Iri ari'ivSn8 cil net Income/expeiiditure. Leasèd issets Where the charity enters Into a lease which entalls taki1)8 5ub.st.dntlilly ull tlie risks and rewi1rds of ownerslilp of an asset, the lease Is treated as a flniL nco lease. Leases whl¢h do not transfer substantlally all the ri51(s and rewcirds of ownershlp to charity il re classlfied a5 operatlnE leases. Assets held under flnance leases are Inltlèlly recoBnlsed as assets of thè charlty at their falr value at the Inceptlon of tl)e lease or, If lower, at the present value of the mlnimum lease payments. The Correspondlng Ilablllty to the lessor ts Included In the balance sheel. date as a flnance lease obllEatlon. l.ease payments are 8PPOrtloned between fii)ance expeiises and reductlon of tl)p lease obliKal.lon so as to a¢,hleve a constai)t rate of Interest on the remalnln8 balance of the Ilablllty. finance expebnses are recognlsed Imrnedlately, unless they artr dirpctly attrll)ut¢ikilo t.(> qualifylnB &ssets, In wlii(-.h case they are ¢apltallsed in hccordance with tl)p chai'lty's pollcy oli l)rirrowinÉ; t04ts. sets held under flnance leasps are depreciatpd in tht, %amp way a5 ownerl assets. Operatlng lease payments are recognlspd as an expense on a st.ralBhi..lii)o. basis over the léase term, In the event that lease incentlves are rec'olved to enter Inta ¢)pert7t.in8 leases, such Incentlves are recognised as a liablllty. The aggregate bpnefil of incentives is recogiiised as a reduction of rental expense on a stralght-llne basls. Penslon costs The cl)arity operates 8 defined tontributlon plan for its employees. A defined contributlon plan Is a pen51on plan under whlch the Company pays fixed contributlons into a separate entlty. Once the tontributlons have been pald the company has no further payments obligations. The contributlOn5 are reco8ni5ed as expenses when they fall due. Amounts not paid are shown in accruals In the balance sheet. The assets of the plan are held separately from the compai)y In Independently administered fund5, Receipt of donated 8ood.5, facllrtips and services All donated goods, Facilitles and seNices received are recognised within Incomlng resources ar)d xpendlture èt an estimate of ihe value to the charity. Page 10
SEVEN HILLS EDUCAMONAL TRUST Notes to the A¢¢ounts 2 Company status The ctsmpany is a private company limited by 8varantee aiid consequently dnes not have share capital. 3 Statem¢nt of Financlal Artlvlties- prlor year Unre5trlrted nds Total lunds 2022 Income and endowm&nts Irom.. onations and le8hcles Charitable activities Other tradlng actlvitles Other '.1.48,31 47,0511 267,287 77 148,3 LO 47.050 267,287 77 Totgl 462,724 462,724 Expendlture on: Raislng fund5 Charitable actlvltles. Other 8,379 433,125 8,379 433,125 'Total 441,533 441,533 Net Inwme 21,191 Net Income before other galn5lllossesl Other ¥alns and losses: Net movement In fvnd5, Reconclllatlon of fund5: Total funds bruught forward Total funds ¢arrled forward 21,191 ?.1,191 lJ.5,938 115,938 137,129 J.37.129 4 lricoiTre from dorlitions and legacle5 Unrestricted Total 2023 Total 2022 Donatlon 240,929 2IJo,929 240,929 240,929 148.310 148,3 10 5 Income from charltable actlvlties Unre.¥tricted T¢)tal Total 2023 2022 Fuiidralsing events 3,752 4? 7r)2 47,050 47.050 Page 11
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounl5 6 Income from other trading activltles unrestrlet.ed Total Total 2023 2022 Fees ieceivables 228,016 228,016 228,016 ?28,016 267.287 267,287 7 Other In¢ome Unrestrlcted Restrfcted Totiil Total 2022 2023 Other in¢ome Intèrest Grant 75 7.1 8 Expendltuye on ralslng funds Unrestrl¢tÈd TotAI Total 2022 Fundroising tradlng costs Fees receivables Fund ra151ng cost 29 71 71 71 71 29 9 Expondlture on challtable activitles UnrerJtrlcthd Total Total 2023 Expenditurè on chorltoble ortlvltles Gronts made Governance costs Insurance Telephone Bank char8es and Interest Independent examinerfee 5,000 1,258 ?.,028 339 1,258 2,028 339 1,50U 5,125 1,248 442 189 .I,500 5,125 ,500 8,379 Page 12
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts 10 Other expendlture Unrestrlrted Restrlcted Total 2023 Total 2022 Catering tost Tuitlon fees Fees and subscription 8ank loan and overdraft interest payable Employee costs Motor and travel costs PremSses posts Amort15ation, depreclatlon, impairment, proflt1105s on dlsposal of fixed assets General admSnlstrattvo costs Legal and profe55ion?I costs 31,794 21,209 4,520 5,024 6,375 6,375 9?.5 925 1.161 J63,836 4.979 368,8J.5 313,094 12,579 4,176 95,81>.'1. 3,825 938 17,230 9,666 544,684 13,280 9,666 5J5,529 11 Net lexpenditure)Ilncome before transfers 2023 2022 Thls Is statèd after chargln8: Depreciatlon of owned fixed asset5 12 5tsfl costs 3,825 938 207.3 344,705 16,897 Salarles and wiges Soclal security costs Pension costs 2q5,918 8,523 1,398 305,839 362,996 No employee recelved emoluments Sn éxces5 of £60,000. The average monthly number of full tlme equlvalent einployeijs during the ypar was as f<illow4.' 2023 Number 22 2?. Teachlng and admlnistratNe Number 2Q 20 Page 13
SEVEN NILLS EDUCATIONAL TRUST Ntstes to the Accounts 13 Tangible fiJ(ed ussets FiMtures,fittl lig and equipment M<rto¥ veh5¢1 'rotal Cost or revaluatlon At l November 2022 Addition5 At 310ctober 2023 Depreclation and Impalrment At l November2022 Depreclat5on charge for the vear At 31 October 2023 Net l)ook l[leS At 31 October 2023 At 31 October 2022 14 Debtor$ 14,500 98,261 5,916 104,177 112,761 5,916 13.8,677 14,5no 97,355 11.0.398 888 2,937 3,825 InO,29Tr 114,223 569 3,885 906 4,454 2,363 2023 2022. Trade debtors Prepayments ancl arcrued Incnme .453,573. 72.3 i.%4,294 365,555 72.3 366,2'78 15 Credltors: amount5 falllng due wlthln one year 2023 2022 Other loans Other taxes and ouclal securlty Other creditors Accruals 114,012 114,012 52,888 3,000 ?21,328 45,148 6,000 200.058 16 Creditors: amounts falling due after more than one year 2023 Bank loans and overdrafts Other creditors 27,240 2,225 36,963 Page 14
SEVEN HILLS EDUCATIONAL TRUST Notes to the A¢GountS 17 Movement in funds Incomtng sources Atl November Ilncluding ather 2022 g411ns/losses} Resour03 expendod Octobèr 2023 Restrl¢ted lunds". Restrirted Income fiinds: Grant 9,155 19,1551 Totul 19,'.1551 Unrestricted lunds: General funds J.40,dJ4 512,698 1540,72Jl 11.2,381 Total funds 140,414 521,853 1549,8801 11.2,38'7 Purposes and restr5ctlon5 In relatlon to the funds: Restricted furids.. Grant 18 Analysls of net assets betwfren fund5 Unrestrlcted Total rixed assets Net current assets Creditors dLie In Inore than one year and provlsions 4,454 137,398 4,454 lJ,7,398 129,46.51 129,4651 112,38'7 112,387 19 Related party dlsclosures Nrjme of relutedp6rty Controlllng party No related party transactlon Ido.ntifled The company 15 IlmSted by guarantee and has i)0 share capital,. thus no slngle party controls the company. Page 15