Charlty registratlon number 1129426 Company registration numbèr 06770192 (England and Wales) KING'S CHURCH KENDAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
KING'S CHURCH KENDAL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D Barfool MrRHom Miss L Skellem Mr G dSw0rth MT E J Bennett MrAR CoTam Ms Y M Coram M5 D M Reddin (Appointed 4 July 20231 (Appointed 4 July 20231 (Appointed 4 July 20231 Charity number 1129426 Company number c770192 Prlncipal address The Shakespeare Centre Yard 76 Highgale Kendal Cumbria LA9 4HE Independent examiner Amistrong Watson LLP 2 Europe Way Cockermouth Cumbria CA13 ORJ
KING'S CHURCH KENDAL CONTENTS Page Trustees report Independent examinerfs reFort Stslement of financial activiiies Balance sheet Notes to the financial *atements 6-15
KING'S CHURCH KENDAL TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present thr annual report ffinanual statements for the year ended 31 December 2023. The financial slalemenls have been prepared in accordance vthh the aCuntIng policies set out in note 1 to the the financial statements and comply with the Charit$ Ad 2011 Else the Companies Act 2006 and 'Accounling and Reporting by Charities". Statement of Recommended Practice applicable lo tharities preparing their accounts in accordance wlh the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" Objectivès and activltles Kings Cl)urch Kendal's prlmary 8ctivty is to promofe the Chiistian Faith forthe public benefft, and it seeks to do this through the five maAll avenues below." 1. To advance Christianity in accordance with the statement of faith contained in the appendix lo the memorandum of associats"on, in Cumbria and in other parts of the Unrted "ngdoM or the worfd as the trustees may from time-ttrlime think fft. 2. To relieve aged persons and persons in conditi'ons of need, hardship. SkneSS or distress arisng from whether in connection with housing or ac£ommodatr"on or sheller or any other purpose Iwhelher by way of loan. gtft. the provision of accommodation. shelter or in any other wayl in Cumbria and In such parts ol the Unrted Kingdom or the wodd as the trustees may from time-ttrtime think fit. 3. To promote and ftjlfil such other ¢haritable purpose5 beneficial to the community In Cumbria and in such parts of the United Kingdom or the world as the trustees may from time-lo-time think fit. 4. To advance education of children (above or below compulsory school a9el or adults. 5. To bring relief lo the poor in the Unile¢J Kingdom or elsewhere in the worfd. The trustees have paid due regard to guidance i55l by the Chartty Commission in deciding what activrties the Charity should undertake. Achievements and perfonnance The Church has achieved the following as a resutt of the objectNes and activrties being met.. Teaching regulady on Sundays to adults and thildren (above and below compulsory school age) Youth Groups Ladies Coffee Moming Cornmunty Groups throughout the week Outreach lo Kendal ¢ommtJnities through Praa Nights and similar events Support young people going to youth camps Donations lo speual needs charity Manna House Opeialed a foodbank for the residen15 of Kendal Provided a building Ishakespeare Centrel for the use of local communjty groups Financial review Financial Management of the Church The spOnsIbl1rtY for this $1S with the Elders. Tmstees and TlEasur. whose names a listed on the Charity InfOrmatft page al the begtinning of this pOrt. The trustees have assessed the major risks to which the Charity is expose(l. and are sats'sfied that systems are in place to mrtigate exposure to the major risks.
KING'S CHURCH KENDAL TRUSTEES REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and rnanagement Nature of governing document The Charity is also governed by the Memorandum and A"cleS ofASSouati ofthe Company. The trustees, who are also the directors for the purKthe of company law, and who served during the year and up to the dale ol sgnature of the financial statements were". Mr D Barfool- Director Mr E J Bennett- Director Miss L Skellem - Treasurer Mr G Wadsworth MrRHom MrA R Coram Ms Y M Coram Ms D M Reddin (Appointed 4 July 2023) (Appointed 4 July 2023) (Appointed 4 July 2023 New Iruslees are recruited from wthin King's Church Kendal by invitation and interview by the members IEldersl of King's Church Kendal. None of the Iruslees has any beneficial Inte51 in the Company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a wnding up. The Iruslees report was approved by the Board of Truslees. MrG Wadsworth Trustee
KING'S CHURCH KENDAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KING'S CHURCH KENDAL I report to the trustees on my examination of the finanual st*ements of King's Ch(trch Kendal {IIE Charilyl for the year ended 31 December 2023. Responslbllltles and basis of report As the trustees of the Charity land also rts directors for the purrK)ses of company lawl you are responsible for the preparation of the finanaal statements in ardan wrth the requirements of the Companies Act 201E (the 2006 Acll. Having satisfied my5eff that the financial statements of the Chartty are not required to be audit1 under Part 16 01 the 2006 Act and are eligible for independent examinab"on. I report in respect of my exam1nalion of the Charity's financial staternents camed out under sectson 145 of the Charities Act 2011 Ilhe 2011 Acll. In carrying out my examination I have followed all the applicable Diredions given by the Charrty Commission under section 14515llbl of the 2011 Act. Independent examinerf$ Statement I have completed my examination. I wnfimi that no matters have come lo my attention in connection wtlh the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by sethon 386 of the 2006 A¢l.' or the financial slalements do not accord wth those re¢ords'. or the financial statements do not comply VAth the accounting requirements of Section 396 of the 2006 Act other than any reqU1ment that the accounts give a true and fair view which is not a matter ¢onsidered as part of an Independent examination., or the financial statements have not been prepa in accordan wrth the methods and principles of the Statement ol Recommended Practice for accounting and reporting by tharities applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable In the UK arKd Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper urwjerstsnding of the finan¢ial ststements lo be reached. Tony Hindmoor BFP FCA Armstrong Watson LLP 2 Europe Wdy Cockermoulh Cumbria CA13 ORJ Dated.. 19 August 2024
KING'S CHURCH KENDAL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restrlcted fund5 fund$ 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from: Donations and legaues Other trading athvilies Investments Other incoffle 79,659 9.115 32.877 88.774 32,877 397 38.554 67,276 938 106 8.566 65,145 75.842 66.083 106 33,613 397 38,554 33,613 Totsl Income 80.056 80.546 160,602 68.320 107.324 175,644 Expenditure on: Charitable activities 92,014 97.829 189,843 66,529 76.456 142.985 Total expenditure 92.014 97,829 189.843 66,529 76,456 142,985 Net Incomellexpenditure) 111,9581 117.2831 129.2411 1,791 30.868 32.659 Transfers between funds 4.714 14.7141 12.1731 2,173 Net movement in funds 17,2441 (21.9971 {29.2411 13821 33,041 32,659 Reconcillation of funds- Fund balances al 1 January 2023 98,460 138.005 236.465 98,842 104.964 203.806 Fund balances at 31 December 2023 91,216 116.008 207.224 98.460 138.005 236,465 The ststement of finanaal activrties includes all gains and losses recognised in the year. All irtome and expenditure derive from continuing activits"es.
KING'S CHURCH KENDAL BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Flxed assets Tangible assets 13 45.689 47,949 Current assets Debtors Cash at bank and in hand 14 17,601 148,378 17.344 177.529 165.979 194,873 Creditors: amounts falling due within one year 16 14.444) 16,3571 Net current assèts 161,535 188.516 Total assets less current Ilabilities 207.224 236,465 The funds of the Charity Restricted income ftjnds Unrestricted fjjnds 18 116,008 91,216 138,005 98.460 207.224 236,465 The company is enlilled to the exemption from the audit requirement contained in section 477 of the Companies Act 20C6, for the year ended 31 December 2023. The director acknowledges his responsibilities for complying th the requirements ol the Cornpanie5 Act 2006 with respect to accounting records and the preparation of fjnancial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance th section 476. These financial stslements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. sr Mr Wadsworth Trustee Company gIstratIon number 06770192 (England and Wale51
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcle$ Charfty Information King's Church Kendal is a private company limrte(I by guarantee incorporated in England and Vvales The registered oftice is.. The Shakespeare Centre Yard 76 Highgale Kendal Cumbria LA9 4HE 1.1 Accounting conventlon The financial statements have been prepare(l in accordan wrth the Charrties Act 2011 Else the Companies Act 2006 and 'Accounting and Reporting by Charib'es.. Statement of Recomrnended practi applicable to charities preparin9 their accounts in accordance the Finanual Repong Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191-. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charib.es applwng FRS 102 Update Bulletin 1 not to ppare a Ststement of Cash Flows_ The financial statements are prepared in sterting. which is the funth.onal Curre of the Charity. Monetary amounts in these finanual statements are rounded to the nearest £. The financial statements have been prepad under the hislori¢al cost convention. lrnodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments al fair V8luel. The principal accounting poliaes a(Jopted are set out below. 1.2 Going concern At the lime of approving the financial Statements. the trustees have a reasonable expectation that the Charity has adequ*e reSoUrS lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the g01ng concem basis of accounts.ng In pparing the finanual statements 1.3 Charltable funds Unrestricted funds are available for use at the listiOn of the trustees in furtherance ol their charitable objectives. Restricted funds are subject lo specific condrtions by donors or grantofs as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial stslements. Endowment fvnds are subject to specffic (x)nditions by donors thal the capital must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled to Il after any performance ¢onditions have been met, the amounts Can be measured reliably, and it is probable that income wll be received. Cash donations are re¢ognised on receipt. Other donab.ons are recognised once the Charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations reiVed under Gift Aid or dee(Is of covenant is recognised at the b.me of the donation. Legacies are recogni5ed on receipt or otheise if the Charity has been notified of an impending distribution, the amount is known. and receipt is expeded. If the amount is not known, the legacy is treated as a contingent assel.
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {Contlnuedl 1.5 Expendlture Expenditure is recognised once Ihere is a legal or construcb.ve obligation to transfer economic benefrt lo a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligatson can be measure(I reliabty. Expenditure is ¢lassffjed by activity. The costs of each activity are made up of the total of direct costs and shared costs. induding support costs involved in undertaking each athvity. Direct costs attribulatAe to a single activity are allocated directly to that activty. Shared costs which contribute lo more than one activity and support C051s which are not attributable to a single actiwty are apporboned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the wtion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are inrtially measured al cost and subsequenUy measured al c05t or valuation, nel ol depreciation and any impairment losses Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the follovnng bases" Plant and equipment Motor vehides 33.33QA straight line basis115% reducing balance basis 20% reduang balance basis The gain or loss arising on the di5P05al of an asset 15 delemiined as the differen beeen the sale prOedS and the carrying value of the asset. and is fecognised in Ihe statement of finanaal activities. 1.7 Impairment of fixed assets At each reporb'ng end date, the Charity review5 the carryin9 amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indallOn exists, the coVerable amount of the asset is estimated in Order to detemiine the extent of the impairrnenl loss Irf anyl. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held al call with banks. other short-letm liquid inveslmenls with original maturities of three m¢)nths or less, and bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilitses. 1.9 Financial Instruments The Charity has electe¢J to apply the provisions ol secb.on 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of its finanual instruments. Financial instruments are recognised in the Chantys balance sheet when the Charity becomes paty to the contractual provisions ol the instrument. Financial assets and liabiSities are offset. with the net amounts presented in the financial sl*ements, when there is a legally enforceable right to set off the recognised amounts and there 15 an intention to settle on a nel basis or lo realise the asset and settle the liabilty simLsltaneously.
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 8asic financial assets Basic financial assets, which indude debtors and cash and bank balan, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consb"tutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest Financial assets classified as receNable wthin one year are not aM0"Se. Basic financial liabilities Basic financial liabilib'es. including creditors and bank loans a initially recognSed * transaction pri unless the arrangement conslilutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted * a market rale of interest. Financial liabilib'es classbfied as payable within one yeaf are not am0sed. Debt instruments are subsequenty carried at amofbsed cost. using the effective intet rate method. Trade creditors a obligats'ons to pay for goods or service5 that have been acquired in the ordinary Course of operations from suppliers Amounts payable are dassified as Current liabilities if payment is due within one year or less. If not. they are presented as non-currenl Iiabilrties. Trade creditors are recognised initially al transaction price and subsequently measured at amorkn.sed cost using the effective interest method Derecognition of financial liabilities Financial liabilities a derecognised when the Charrty's contra¢ttJal obligations exwre or are dsscharged or cancelled. 1.10 Employee benerts The cost of any unused holiday entrtlement is recognised in the period in which the employee's services are received. Termination benefi15 are recognised immediately as an expense when the Charty is demonstrably committed to terminate the employment of an employee or to provide temination benefit5. 1.11 Retirement benefits Payments to defined contribution reb"rement benefft schemes are tharged as an expense as they fall due. Critical accounting estimates and judgements In the application of the Charrtls accounting polioes, the trustees are required to make judgements. estimates and assLJmptions about the carying amount of assets and liabilrties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are Considefed to be relevant. Actual results may differ trom these estimates. The estimates and undertying assumptions are reeWed on an ongoing basis. Revisions to accounting estimates afe recognised in the period in which the esh'mate is revised where the revision affects 5Y that period. or in the penod of the revision and future penods whefe the revision affects both current and future periods
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donatlon$ and legacies Unrestricted Restricted funds funds genernl 2023 Totsl Unrestricted funds general 2022 Restricted funds Total 2023 2023 2022 2022 committ giving Sundry giving Gift aid re¢laimed Jumble sales 63,853 63,853 860 23.914 147 60,706 1.467 5,035 68 60,706 1,467 13,601 68 14,799 147 9.115 8.566 79,659 9.115 88,774 67.276 75,842 Income from other trading activities Unr¢$tricted Restricted funds funds 2023 2023 Total Unrestrlcted Restricted funds funds 2022 2022 Total 2023 2022 Foodbank income Other income from other trading activities 32.877 32,877 65.145 65.145 938 938 other trading actsvities 32.877 32.877 938 65.145 66,083 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 397 Other income Restricted Restricted funds funds 2023 2022 InFages and salaries grant 38,554 33,613
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendtture on charltsble activities Unrestricted Restricted 2023 2023 Total Unrestricted Restrlcted 2023 2022 2022 Totsl 2022 Direct costs Staff costs Depreciation and impairment Youth, Children & Student work Evangelism & Publicrty costs Events. Training & cOnferenS Pastoral care 8 Worship Fundraising Grants payable- Inslilulions Grants payable- Individ4Jals VoSunteer expenses Apolislic expenses Rent & Rates Light. Heat & Power Insurance Repairs & Maintenan Telephone & Fax 39.187 34.957 74.144 25,820 33,613 59.233 1,005 1.570 2.575 970 2,084 3,054 1.048 1,048 502 502 591 591 4,498 303 240 4,498 303 240 2,481 270 518 2,481 270 518 7.077 1.798 8,875 10,035 2.370 12.405 3,308 200 6.600 5,117 5,402 1.562 10.639 752 3.308 876 6,600 14,717 5.402 1.562 23,591 941 3,385 9.750 3,385 10,317 676 567 9.600 4,873 4.712 1.226 680 291 9.600 14.473 4,712 1,226 5.468 470 12.952 189 4.788 179 86.393 61,742 148.135 65.859 53,792 119,651 Share of support and govemance Costs Isee note 8) Support 5.621 Goveman 5.621 36,087 670 670 22.664 36.087 22.664 92.014 97,829 189.843 66.529 78.456 142,985 Analysis by fund Unrestricted funds Reslricled funds 92,014 92.014 97,829 66.529 66,529 76.456 97,829 76.456 92.014 97.829 189.843 66.529 76,456 142,985 10-
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocated to activities Unrestrtcted 2023 Restricted 2023 Total 2023 Total 2022 Printsng. postage and stali¢Mery Bank charges Govemance 2,651 2,970 2.851 2.970 36,087 565 105 22,664 36,087 5,621 36,087 41,708 23,334 2023 2022 Govemance costs comprise". Printing, postages and st*ionery {Rl Food IRI Motoring expenses IRI 1.914 32,624 1.549 3.670 17,495 1,499 36,087 22.664 Net movement in funds 2023 2022 The net movement in funds is stated after chaTglWl¢itingl'. Depreciation of owned tangible fixed assels 2,575 3,054 10 Trustees During the year the charity made the foll¢Mng transactions with tsuslees.. Ms D Reddin Ms D Reddin received remunerab.on of £10.39412022 - £1.8851 and was reimbursed £94 12022 - £2091 of expense5 during the year
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Employges The average monthly number of emrAoyees during the year was: 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Other pension costs 73.021 1,123 58,561 672 74.144 59,233 12 Taxation The charity is a registered charity and is therefore exempl from taxation. 13 Tangible fixed assets FTEehold land and buildin95 PlaTrt and equiprnent Motor vehicles Total Cost At 1 January 2023 Additions 33.769 33.627 530 12.259 79.655 530 At 31 December 2023 33.769 34.157 12,259 80,185 Depreciation and impaimiet)t Al 1 January 2023 DepciatIOn charged in the year 27.507 1.005 4.414 1.570 31.921 2,575 Al 31 Decembef 2023 28,512 5,984 34.496 Canying amount At 31 Decerrlber 2023 33,769 5,645 6,275 45.689 At 31 December 2022 33.769 6.335 7.845 47,949 12-
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Debtors 2023 2022 Amounts falllng due within one year. Other debtors Prepayments and accrued income 17.601 17,136 208 17.601 17,344 15 Foodbank bank balance The balan of the foodbank bank account at the year ended 31 Dmber 2023 is £101.169 12022 £120.4781 16 CreditOT5- amounts falllng due within one year 2023 2022 other taxation and Sla+ secunty Other Creditors Accruals and deferred income 670 795 3.579 489 195 5.673 6,357 17 Retirement benefrt schemes 2023 2022 Deflned contribution schemes Charge to profit or loss in respect of defined conlribub'on schemes 1,123 672 The Chanty operates a defined contribution pens*on s¢herne for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently admsnistered fund. 18 Restricted funds The $trIcted funds ol the charity comprise the unexpended balances of donations and grants held on trust subject lo spe¢rfic conditions by donors as to how they may be used. At 1 January 2023 Incoming resources Resources expended Transfer5 At31 December 2023 Foodbank Fund Pastoral Care 136.888 1.117 80.546 197.8291 13.5971 11,1171 116.008 138,005 80.546 (97.8291 14,7141 116.008 13-
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 18 Restricted funds (Continued) Prevlous year: At 1 January 2022 Inci)rning rnsources Resources expended Transfers At31 December 2022 City Church Lancastef Foodbank Fund Pastoral Care Evangelism 817 103,030 1,117 {2,3991 [13,4661 1,582 107.324 136,888 15911 591 104.964 107.324 176,4561 2.173 138,005 City Church Lancaster Fund- Funds re1Ved to cover running of City Church Lancaster. Foodbank Fund - Funds relating to expenses for running of the Foodbank. Pastoral Care- Funds lo bless those who would benefit ftom some support. hdp or encouragement. Evangelism - Funds relab.ng lo expenses toward the Nativrty. 19 unrestrictèd funds The unrestricted funds of the charty compnse the Unexnded balances of donations and grants which are not subject lo spe¢ifi¢ Conditions by donors and grantors as to how they may be usèd. These indude designated funds whit* have been set astde out of unrestn.cted funds by the trustees for speufic purposes. At 1 January 2023 Incorning resources Resources expended Transfers At31 December 2023 General funds 98.460 80,056 192.014} 4.714 91.216 Prevlous year: At 1 January 2022 Incoming resources Resources expfynded Transfer5 At31 Docember 2022 General funds 98.842 68.320 166.5291 12.1731 98.460 14
KING'S CHURCH KENDAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Anatysis of net assets between funds Unrestricted funds 2023 Restricted funds 2023 Totsl 2023 At 31 Decomber 2023.. Tangible asse15 Current assetsllliabilities} 39,414 51,802 6,275 109,733 45,689 161,535 91,216 116.008 207,224 Unrestrlcted funds 2022 Restricted furt(Is 2022 Total 2022 At 310ecember 2022- Tangible assets Current assetsllliabilttiesl 40.104 58,356 7.845 130.160 47,949 188,516 98,460 138,005 236.465 21 Related party transactions There were no disclosable related party transac*ons during the year12022- none). 15-