2023-12-31-accounts

Charity registration number.. 1132731 HalasPCC Annual Report and Financ4al Statements for the Year Ended 31 December 2023

HalasPCC Contents Icontlnuod) Reference and Administralivg Dgtsils Tfuslees. Report 2to7 Statement of Truslee8' Re8pon8ibilities Independent Ex8minef8 Report Statement of Financjal Activities 101011 Balance Sheet 12 Notes to the Financtal Ststem8nls 13to19

HalagPCC Reference and Administrative Dètalls Charity Registralktrn Number 1132731 Principal Offic• The Parish Office St Margarets of Antioch Hagley Road Halesowen Wèst Midlands 863 4QD Ballard$ LLP 11c Kingswood Road Hampton Lovett Drothich Worcestorshi WR9 OQH Independent Examinèr Paga 1

HalasPCC Trustees, Report The trustees present the annual report together wsth the financial statements of the charity for the year ended 31 December 2023. Obj8etlv•s and actlvltlos Obiè¢ts and alms The primary objectivg of the charity is the promotion in the eccjesiaslical parish of the whole mission of the church. Publio benefft The Irustegs have complied with their duty to have due regard to public benefrt guidance published by Commission.. the trustees consider that the ¢harity meets the publi¢ benèfft rèquirements of the Charitiès Aet 2011 by carwng out its normal aCtiVrt￿5. Page 2

HalasPCC Trustees, Report Icontlnued} A¢hi•v•m¢nts and porf0rn)aneo Annual Trustga Report of Ihe Halas Parish for 2023 The Halas Team Ministry exists to serye the people of the town of Halesowèn and the districts of Cradley, Hasbury. Lapal, Romsley and Hunnington to prodaim the Kingdom of God in prayer, word, aclton, and life through offering a di51inctly Anglican expression of the Christian faith. We hope lo explain how this has been explored and expressed during 2023in the Team and indivKIu81 Churth reports which follow. 2023 has seen fvrther ¢hange$ in the Te8m clergy. Our Team Rector, Reverend Canon Hazel Charflon relinquished her responsibilities as Tearn VKai for St Peltsrfs Lapal and St Kenelm's Romsley and look up th& rolè of Tsam Vicar for St John's Hale50wen', and Rev Christopher Henson was appointed as Team Vicar for Lapal and Romsley in October. Chcis completed his Curacy in the Kidderminsler Wesl Team in this Diocese and prior to ordination, Chris worked in administration and publi¢ rglations for the CNil Service across Leeds and Sheffield. He has sèttlèd in well and has been described as 8 trAe81h of frèsh airl The National Church of EngL4nd, selected Sl John's Hatesowen for a shgnthcanl IrancJ)e of fvnding. on the basis that it is a Significant town center church in need of increasing its rnember5hip to become healthy and sustsinable in the long term. In Febnjary 2023, Bishop's Covncil approved funding for plans to increase the nurnber of children and young people's Workers in our parishes, encouraging pari5he$ to establish new worshipping communitie5 and the inve51menl in training our clergy and lay leaders. Taken togelhei, thls means we have a largely fully fvnded approach to the priorities approved by Diocgsan Synod last November, and without any additional cost being borna by Ministry Share. Bishop John said.. We are delighted that the Strategic Misslon and Ministry Inveslment Board has also enlhu5iaslically endorsed our vision to ensure we have as many healthy arKI suslainablg churches as possible by 2030. We know we need lo make major changes if we want lo reverse the decline in numbers of people attending otsr churches.. this fvnding along with oui investment in our other priorities will. by God's grace. enable us lo do Ihis." Diocesan s￿0d approved priorities al its November 2022 meeting. Btheen now and 2030, the aim is lo- Double the number of chit(Iren young peopte Worship￿.ng in our churches cornpared lo 2019 figuies, invesb.ng in more paid children's. families,. and youth workers so that we have al least one church with a flourishing young peoplos, ministry in èach major area of population, and tr40 such chuTche5 in each deanery. Create 100 new worshipping communitie5 offering a range of way5 for Peop￿ lo Come to faith and worship God. {eg Forest Churthl Café Churchl Walkin9 Church) Invest in the renew81 of afound a dozen churches to ensuie that each major aroa of population has I least onè church with 150 people attending weekly. enabling them lo support other local churches. st Johns is one of those. * Invest in our dèrgy and lay leaders. providing training and development opportunities to enable them lo grow and feel sUPPOrted and equipped for mission. We want to make the DiocEse of Worcester one of the most 8ttractlV9 pl8ces in which to minister. Page 3

HalasPCC Trustees. Report (continued We are reminded that God is caling all of us lo Christian Ministry. whether Ihal be working behind the scenes or in an aulhorized or licensed role. EnCo￿raging people to explore the roks to which God may be calling thom 1$ an ongoing priorty for our life together. We conb.nue to work dosely with and pray for the staff and pupils at the Church Schools within our Parish, and indeed with all schools within our Parish to the extent we are able. We continue lo ￿￿eW our obligations un(ler the General Data Protection Regulalions. and lo ensure that all our work with young people and vulneiable adults is (arrigd out in accordance with Parish policjes. and that those policies aro thèmsèlve$ kèpt in accordance with current Diocesan guidelines for safeguarding, safer rewllment. and employment. We are enorniousty gratefvl for all those involvèd wbth Ihls ongoing and increasingly cofflplex and demanding work. We continue to monitor our finances, with regular finance committee meetings throughout the year. Income continues lo be a concern, though we have hope th* the project al Sl Johns will over limè have 8 slgnificant impact not just at St John's bul across all our chuf¢hes. We continue lo slrLTrggle lo find volunteers for lay roles, partiwlarly ¢hurthYardens. We also need lo find sorneone lo become our Parish Treasurer from our APCM this year. There are Several ongoin9 gnquiri8s wilh a couple of people, trmjl nothing has been decided a$ wè prepared this report. Faith and hope are God's grft to us all - both through our indbvidual r8lationships with God, but a150 through thè encouragement we receive frorn the dedication, p855ion and gifts offered in service by the people of our team - lay, ordained, pald, voluntsry, licensed. and unlicensed in a huge number and variety of Tol&s in our INes logether. We are blessed by all of them and offer our profound thanks lo Ihem. Hazel Charfton- Rector Jonathan Spencer- Lay Chair of PCC Page 4

HalasPCC Trustees, Report (continued) Flnanelal review Polley on reseNes It is the Policy of the PCC that the Parish Olfi¢e anil each District Church shall endeavour lo establis and maintsin a reserve on their General Funds equivalent lo morhths of genèral running cosls to oJveT unforeseen emergen¢i8$. In addition, the P*rish 0ffi¢o shall endeavour to establish and maintain a reserva sufficient lo cover any costs incurred in maintaining Ihe building of. and equipment in, the Parish Offica. Ead) District Church shall endeavour to est8blish and maintain a reserve on their building fvnds lo ¢over any cost incurred on regular maintenance. or periodic maintenan¢& identified by the Quinquennial inspection, of their Church Building. District Churches which have other buildings or lands, e.g. a Church Hall, shall endeavour lo e51abli5h and maintain a reserve on their appropriato funds to cover any cost incurred on ￿gUlar maintenance. or periodic maintenance, of their buildings or lands. A similar reserve shall be derived for the Paiish Office. which shall be apportioned to each church on the s8me basis as Parish Share. Initialty, the value of eath f&seNe Shall ba submitted to the Parish Finance Committèè for re¢ommèndalion aThJ Teporting lo the PCC fortheir approval. Subsequently, tho Mlanlrficalion of any expense which may exce&d, or sertousty reduce, the associated reserve shall immediately be reported lo the Parish Treasurer and Chaimian of Parish Finance who. if required. will call a meeting of the Parish Finanr£ Commiitee to discuss the implications of such rèduction in reserves and to recommend any fonhfard action required. while kegping tha PCC Chair and Vice Chair fvlly knformed. The status of the variou5 Teserves shall bo rewrted at least annualty lo the Parish Finance Committèo fof onward reporting lo the PCC and the Parish TreaSu￿r lor indusion in the Annual Report a5 reqLsired by the Charities A¢A. Structure, govemanee and management Nalure of govemlng docum8nt The governing documents of the PCC are the P8ro¢hial Church Council Powers Measure11956}. as amended. and the Church Repres¢ntstion Rules. Day lo day management of the charity is carried out by the members of the PCC, all of whom ale also trustees. R8eruitm•nt and appoinlment of trustees Members ol Ihe PCC. who are also trustees, are either ex offi￿0 or elected by the Annual Parothial Church Representstion Rules. During the year the following served as members of the PCC.. Page 5

HalagPCC Trustees. Report (contlnued) Rector and Chalr of PCC Hazel Chadltsn Lay Chalr and VIG• Chalr oltho PCC Jonathan S￿nCer Also Deanery Represenlalive Vicar for Lapal and Romsley resigned September 2023. Vicaf for Sl John's Halesowan appotnted September 2023 Parish Curate Llc•ns•d Cleryy in the Team Hazel Chartton IAelissa Beynon Mlhr Victoria BarlowWi¢ar for Hasbury and Cfadley Vicar for Lapal and Romsley appointed October 2023 Christophèr Henson Chuychwardens Paul Milhvard Cradley Christinè Adshead Cradley Anita Gadd Lapal Halesowen Simon Eason Dawd Hobbis Hasbury Ik Robin Pafk8s Dawd Scotton Hasbury. resigned May 2023. Lapal Halesowen Susan Harding John Hall Hasbury. appointed May 2023. Romsley Romsley Vacant Vacant D•an•ry Synod Reprnsgntatlves Christine Adshead Cradley resigned May 2023 Eva Field Lapal Romsley Romsley H8sbury and also Diocasan Synod Hasbury Jonathan Spencer Halesowen David Scotton Lapal Lapal Sehna Tromans Bemard Pridden John Layton Dawd Hobbis Roy Bicknell Electsd Lay R•pros•ntsllv•s Sharon Turner Cradley Lapal Cradley Ha$bury and also DeanerylDiocesan Syno Lapal Romsley Susan 8icknell Lynn Steward Alan Hughes Sarah Long Lynda Barrows Pag9 6

Hala$PCC Tn￿te•s. Report (contlnued) SILTrart Haw Janet G￿&Y Ann Shackleton Sar8h Tumer Romsley lasbury Halasowon Halesowen P•vl•h Safègu•vding Offl¢•r Chalr of PCC Finan¢• Committs• Mon-vollng Membè Melanie Case Roy Bld(nell Revd Susan Hale Canon Judith Olrvor Susan CresweFJ Pat H811 Salty Spen￿r Chart&s Morgan Karen Janette Chapfin Revd Rae Homer PCC Trea$ur•r P¢C S•¢rotary Roy Bi¢*nell Alan Hughès The annual report was approved by the Irnstees of the chaiity behall by. ..2oénd slgn•d on its Trustè& Pag8 7

HalasPCC Ststsment of Trustees, Responsibilities The trustees are responsibfe for preparing the trustees. report and the finanaal statements in accordan￿ with the United Kingdom Accounting Stsndafds {Unittd lfjngdom Generalty ALYepted AwJunting Pricel arKI applicable law and reguFalions. The law applicabl• to ¢harilies requires thg trustees lo prepare financsal statement$ for each financial ar whi¢+ give a true and fair yiew of the stato of affairs of the charity and of thè inojming resoufces and application of re8ource8 of the charity for that period. In wepariny these financral slattftlenls, the trustees aro required to-. select surtabte accounling pollcles and then ap￿Y them conststenur. observe the methods and principle¥ in the Charltios SORP: makeiudgements and estimatos thsl ar8 reasonable and Prudent., stato whethèr appli¢ablg accounung standards h￿e been fdlowad. subject to any matgrfal departures dtsclosed and axtyained in the financAal $tatgments', and piepare the financkal $tslements on the goiThJ concem basis unlo55 itls Inapproprlate to presume th81 the charity ￿11 continue in business. The trustees ar8 responsible for keeping propgr accounting recprds th81 dlsd08e reawnable a¢¢ui4ty at any lima the financi￿ position of the tharity and onable them to ensure that the financAal statgmen18 comply with the Charrugs Act 2011, the Charities IA¢¢ounts and Reports) Re9ulations 2008, and the Provisions of tha ¢on$titutron. The trustees are also responslble for safegu8fding the assets of the charty and h•nc¢ for taking reasona1￿& staps lor the prevention and dettrdion ol fraud and other ¢neguiaTities. Thè Irustees arè r¢spon8ible for the maIrttenan￿ arÈd integrity of the corporatg and financial infomation induded on the ¢haritab￿ companY8 website. Legislalton oovernlng the preparation and dissemination offinantral 5tstements may differfrom Iwslation in other jurisdicttons. Approved ty the trustees of Ihg c*arlty on ... . . ¥.. and signad on ils behalf by. Haz Trust88 Poge 8

HalasPCC Independènt Examinèrfs Roport to the trustees of Halas P C C I report lo the Injslees on my examination of the actounts of Halas P C C for Ihg year ended 31 December 2023. ReypoMlbllltE•8 and basls of report As the charity Iruslees of Haks P C C you are responsiblB for the prgparalion of the accounts in accordance with the requirements of the Chariti8$ A¢t 2011 I'the Acfl. I report in respect of my examination of the Halas P C C's accounts carried out undef section 145 of the 2011 Act and in carrying Out my examination I have followed Ihe 8ppli¢able Directions given by the Charity Commission under section 14515llbl of the Act. Ind?pend¢nt •xaMI￿￿8 statement Since Halas P C C's gross income èxeeeded £250,000 your exarniner musl be a member of a body listed in 3eclion 145 of the 2011 Act. I confirm that 18m qualified to undertake the examination because l am a member of, which 1$ oftha listad bodies. I have cornpleled my examination. I confinn that no material matters have Come to my attention in connecfjon with the examination giving me cause lo believe that in any material reSP￿t.. 1. accounting records were not kopt in respact of Halas P C C as requifed by s8Ction 130 of the Act", or 2. the accounts do not a(tord with thos8 records,. or 3. the accounts do not comply with the accounting requir8m9nts conceming the foTm and Content of accounts set out in the Chariti'es {Accounls and Reports) Regula￿nS 2008 other than any requirement that the accounts give a 'lrue and fair vievl which is not a mattel considered as part of an independent examination. I have no ¢oneems have come across no other mattefs in connaGlion with the exarninalion lo which attention should be drawn in this report in ordèr to ena￿e a proper Unde￿landing of the accounts to be reached. K4 A Skellum FCA 1 Ic Kingswood Road Hampton Lovett Dro1￿Ich Worcestershira WR9 OQH 12 Juno 2024 Date.. Page 9

HalasPCC Statement of Flnancial Activities for the Year Ended 31 Decembor 2023 Unrestri¢tsd funds Restrl¢tsd funds Endowment fvnds Total 2023 Income and Endowments from: Donalions and lega￿eS Charitable activities Other trading activities Invèstment income other income 334,765 40,959 24,916 29,456 17,444 71,989 5.176 4C6,754 46.135 24.916 52.212 17.564 22,756 120 Total income 447,540 100.041 547,581 Expenditure on: Raising funds Charitable activitie5 12,3931 (414,368 164} 76,364 12.45n 490,732 Total expenditure Gainsnosses on investment assets (416,7611 176,428) 1493,1891 6,435 82.468 42.927 131,830 N&1 income Gross transfers befv4eers fijnds 37.214 106,081 42,927 186,222 {t,500} Net movement in funds 35,714 107.581 42,927 186.222 Recon¢lllallon of funds Total funds brought fO￿ard Total funds carried forwafd 284,198 748,172 784,843 827,770 1,817,213 319,912 855,753 2,003,435 The notes on pages 13 to 19 fomi an integral part of these financial slalements. Page 10

HalasPCC Statement of Financial Activitios for the Year Ended 31 D•c•mbor 2023 {contlnued) Unr•strict•d fund• R￿trictsd funds Endowm•nt funds Total 2022 Motg In¢om• and Endowments from: Donations and legacies Charrtable aclwrties Other trading activities Investment income Other income 180.653 39.615 20.640 23,123 156,￿2 38.740 1,251 219,393 40,866 20.640 49.257 156,362 26,134 Total income 420.393 66.125 486,518 Expenditur• on: Raising lunds Charitable 8ctm.lies Olhgr gxpendilure (1,064) 1413,974) 166) 150,370) 2,314 11,130 {464,3441 2,314 Total expendrtu Gainsnosses on investrnent assets {415.038) 152,750} {467,788) 68.026 (23,241) 93,602 1184,8691 Net expendituré Net m0￿ment in bjnds 82.671 9,866 93.602 166,139 {62.671} 19,866) (93.6021 1186,1391 Reconclliatlon of fund$ Total funds brought foNiard Total fund$ carried forward 346.869 758,038 876,445 1,983,352 284.198 748,172 784,843 1.817,213 All of Ihe charity's actwities derivo from continuing operations during the above periods. Th¢ funds breakdown for 2022 is shown in note 8. The notes on pages 13 to 19 form an integr81 p8rt of thes9 financial statefflenls. Page 11

HalasPCC {Reglstration number: 1132731) Balance Sheet a8 at 31 December 2023 2023 2022 Tangible assets Invothents 104.390 1.528.3e6 104,390 1,394,535 1.498,925 1830,756 Currnnt a$8•ts Debtors Cash al bank and in hand 23.035 354.034 19,079 309,S67 329.046 377,C69 CredltOYg'. Amounts f•lffing du• wlthln on• y N•t curr•nt aM•ts 4.3 10.758 372,679 318,288 N•t ass•ts 2,003.435 1,817,213 Funds of thè ¢harity: Endowmort funds 827,710 784.843 Ro¥trl¢tod In¢omo fund¥ Restricted funds 855.753 748,1n Unre•trlctsd Incomg fvnd• Unrestricted funds 319,912 2,Q)3,435 284,198 1,817,213 Totsl lund• The fina on slatements on pages 10 to 19 were apwoved by trustees. and aLrthorised for issu• . and signed on their ￿haIr by. H8iel Trustfje rtton The notes on pages 13 10 19 form an integral part of these finandal slat•m•nls. Page 12

HalasPCC Notes to the Finan¢lal Statements for the Year Endod 31 December 2023 1 A¢countlng poll¢l statement of compll•n¢o The finanryal statemènts have been prepared in accordance wth Accounting and Rèporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in acwrdancè with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 Janu8ry 20191- (Charities SORP IFRS 10211, th8 Financial Reports'ng Standard applicable in tho UK and Republic of Ireland IFRS 1021 and the Charities Aet 2011. Basls of preparatitsn Halas P C C meets the definition of a public benefit entty under FRS 102. The ac￿l￿nts (financial stalemenlsl have been prepared under the hi*orical cost convention wi(h r(em$ recognised at cost or transaction value unless otherwise sLiled in the relevant notolsl lo Ihese accovnls. Exemption from Pfoparing a cash flow $tstsm•nt The charty opted to earfy adopt Bullglin I published on 2 February 2016 and have therefore not included a cash flow statement In Ihese financial slatemenls. Incom• and endowments Donations and legacies Donations and legacies are recognisgd on a receivable basis when receipt is probable and the movnl Can be Teliably measured. Grants r•eeivable Grants are recognised when the charity ha5 an enlitlemenl to the funds and any condth.ons linked to the grants have been mel. Where performance condrtions are attached to the grant and ale yet to be met, the income is recognised as a liability an¢J induded on the balance Sheet as dgferred income lo be ￿leas¢d. Glft ald Incoming resources from tsx redaims are induded in the Slalement of Financlal Actsvil￿$ al the same lirne as the gift to which they relate. Expendlturo All expenditure is iecognised once there is a legal or constructive obligation lo that expendilijfe, il is probable selliemenl is requirèd and the amount can be measured reliabty. All cost5 are allo¢aled to the applicable expenditure heading that aggregate similar Costs to th81 ¢ato9ory. Where costs cannot be directly attributed lo particular headings they have been allocated on a basi5 con51$1ent wrth the use of resources, with central stsff eosts allocated on the basis of lime spent, and depreciation charges allocale¢J on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 13

HalasPCC Notes to tho Financial Statoments for the Year Ended 31 Dacembor 2023 (continued Charltable activities Charitable expenditure ¢ompri5es those costs incurred by the chanty in the delivery of its activities and 5eNces for Fts beneficiaries. 11 indudes both costs th81 be allocated directty to such actmlies and those o)sts of an Indi￿¢t nature necessary to support them. Tangible fixed a•sets Consecrated and benekn property is excluded from the accounts by provisions of the Charities A 2011. No value is placed on movable church fumishings held by the churchwardens on spècial trust for the PCC and which requires a faculty for disposal sincè the PCC considers this to be inalienable property. All expenditur& incuffed durin9 the year on consecrated or benefice buildings and movable church fumishings. whether maintenance Of improvements, is written off as expendrtijre in the SOFA and 5eparalety disdo$ed. Fix•d ass•t invMtm•nts Fixed asset investments. other than wogramme related inveslmenls. are induded al market value at the balance sheet date. Realised gains anij 106sgs on investments are calculated as the differen¢9 be￿een sales proceed5 and their market value at the start of the year, or their subsequent cost, and are thar9gd or crediled to the Stalemenl ol Finanryal ACt￿rtI&$ in the period of disposal. Unrealisèd gains and losses represent the movement in market values during the year and ale credited OT charged lo the Statèment ol Financial Activities based on the market value at the year end. Fund 5tructur• Unrèstricted income fvnds are general funiJ$ th81 are available for use at the tfuglees dlscrelion in fiJrthe¥ance of the objectives of the charity. Restricted income fvnds a￿ those donated for use in a particular 8re8 oi for speclfic purposes. the use of whith is restn'cted to Ihat area or purpose. 2 Trustees remuneraUon and expenses During Ihe year the ¢harity mad& the following transactions wsth Irustee$-. Clergy expenses of £6,10712022 - £6,331) were paid in tho year. No trustee5, nor any persons connocted with them, have received any remunetalion from the charity during the year. No tru51ees have rocelved any other benefits from the charity during Ihtr year. Page 14

HalasPCC Noles to the Financial Statements for the Year Ended 31 December 2023 (continued) 3 T•xatlon The ¢harity is a registered charity and is therefore exempt from taxation. 4 Tanglblo fLy￿ assets Land and bulldlng$ Totsl Cost Al 1 January 2023 104,390 104,390 At 31 December 2023 104,390 104,390 Doproclatlon At 31 Dècember 2023 Not book value Al 31Decem￿r 2023 104,390 104,390 Al 31 December 2022 104,390 104,390 5 Fixod asset investments 2023 2022 Other Inv8strn8nts 1.526,366 1,394,535 Page 15

HalasPCC Notes to the Financlal Statements for the Year Ended 31 December 2023 {continued Other Inv•8tm•nts Listed Inv¢slm•nts Totsl Cost or Valuation Al 1 January 2023 Revaluation 1.394,535 1,394.535 131.831 131,831 Al 31 December 2023 1,526.366 1,526,366 Net book valu• At 310e¢ember 2023 1.526.366 1,526,366 At 31 DKamber 2022 1,394,535 1.394,535 6 Debto 2023 2022 other debtors 23,035 19,079 7 Credltorn: amounts falling duo wlthln ono y•ar 2023 2022 Other creditors 4,390 10,758 Page 16

HalasPCC Notes to the Flnancial Statements for the Year Ended 31 Oocembor 2023 (continued) 8 Funds Bal•n¢e at1 January 2023 8ln¢e other at31 Incoming R•sourcgs recogni$ed D¢¢Èmber Our￿ exp•nd•d Trnn$fèrs galnsl1105sesl 2023 Unr•strl¢t•d funds General Unrestricted funds 284.198 447,540 (416,761) (1.500) 6.435 319.912 Restricted funds Restricted funds 748,172 100.041 176.428) 1,500 82,468 855,753 Endowm8nt funds Expendable Endowment fund5 784,843 784,843 42,927 827,770 42,927 827,770 Total fund¥ 1,817,213 547,581 493.189 131,830 2.003,435 Page 17

HalasPCC Notes to the Financial Statements for the Year Ended 31 December 2023 {¢ontinuod} 8al*n¢e at Other 31 Incoming Resourcgs rocognl$•d Decèmber ie80urce# expènd•d gainslllossesl 2022 Balancè at 1 January 2022 Unr•strletrd funds Genernl Unrestricted funds 346,869 420.393 {415,038) {68.0261 284,198 Restrict•d Restricted fvnds 758,038 86.125 (52,750) {23.2411 748,172 Endo￿Tront funds Expèndable Endowment funds 78.445 193.6021 784,843 878,445 93,602 784,843 Totsl funds 1,983,352 486.518 1,817,213 467,788 184.869 9 Anatysis of net assets bolw••n fvnd$ Unrestrict•d Endowment 2023 Total funds G•n•rnl R•stricted Expgndabl• Tangible fixed assets Fixed asset investmènts Current assets Current liabilitie5 104,390 672,890 82.613 14,1401 104,390 1,526,366 377,069 4.390 25.707 294.456 12501 319.913 827.769 Total ngt assets 855,753 827,769 2,003.435 Unr•stri¢ted Endowment 2022 Totsl funds G•noral RestrSct•d Expendable Tangible fixed assets Fixed asset investments Current assets Current liabilities 104,390 590.422 59,971 6.610 104,3SO 1,394.535 329,046 10,7581 19,271 269.075 4,1481 284.198 784,842 Total net assets 748.173 784,842 1,817.213 PwJe 18

HalasPCC Notes to the Financial Statements for the Year Ended 31 December 2023 {continued} 10 Anatysl$ of not fund$ At31 D•c•mber 2023 At l January 2023 Flnanelng eash flows Cash at bank and in hand 309,967 44,067 354,034 Net debt 309,967 44,067 354,034 At31 Decomber 2022 At 1 January 2022 Flnanclng ¢•¥h flows Cash al bank and in h8nd 271.482 38.485 309,967 Net debt 271.482 38.485 309,967 11 Related party transactions There were no related party transactions in the year. Page 19