COMPANY REGISTRATION NUMBER: 06778011 CHARITY REGISTRATION NUMBER: 1134374 Flame Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31st March 2025 GRIFFITHS AND PEGG LIMITED Chartered Accountants 3 Hagley Court South Waterfront East Level Strèet Brierley Hill West Midlands DY5 1XE
Flame Trust Limited Company Limited by Guarantee Financial Statements Year ended 31st March 2025 Pages Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees statement of financial activities (including income and expenditure account) 1to3 Statement of financial position Notes to the financial statements 7t017 The followlng pages do not form part of the financial ststements Detailed statement of financial activities 19to20 Notes to the detailed statement of financial activities 21to22
Page 1 Flame Trust Limlted Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31st March 2025 The trustees, who are also the directors for the purposes of company law, present their r8POrt and th6 unaudited financial statements of the charity for Ihe year ended 31st March 2025. Objectlves and actlvltles The principal objects of tha charity are to advance th& gospel of The Lord, Jesus Christ both in the United Kingdom and overseas and the rellef of poverty, We hav& referred to the guldance contalned In the Charity Commission's general guidanco on public B6nefit when reviewing our aims and objectives and In planning our futura activities, Achlevements and performance The current year has been noted as being a season wh8n Flame has seen very positive results from its work and ministry. Involvemenl In mentoring and encouraging emerging leadership, input Into other organisations with similar aims and ethos, support for selectlve overseas initiatlves and specific work with marginal ised communities in Romanla have all witnessed significant impact. However. the Ghallsnges remain the same as In prevlous years which underline the impact of Flame's 'mature' donors .who are..no_longer with us, and whose historlcal support is now reflected in our list of regular supporters and individual partners, The followlng are worthy of notice and further comment.. 1. The development and construction of a brand new playground in Pascani, Romanla was well researched and warmly received by this disadvanlaged communlty in Romania. The partnership wilh Habltat for Humanity continu8S to be strong and gives great accountability for the Investment in this project and has now given the encoLtragement to consider a longer-term approach for this particular initiative In Rornania. 2. The Chaplaincy Ministry continued to be effective, particularly in supporting the Input into the Invictus Trust Academies. Involvement with Q3 Academy continued, but was not fulfilled at the level originally conceived primarily because of the lack of funding at Academy level and the unforeseen demands on the CEO that emerged during this accounllng period. 3. Support and Input was provided for the work of Isma Plnta - a children's mlnistry based In Portugal, providing animated Bible stories for broadcasts and wider use, under the direction of Ismael Luzia,.. well trusted and reliable Youth Pastor based in Madelra. 4. Flame also held another 'Family Day, In the Autumn of 24 which was very well att8ndsd and gave opportunity to share vision and updates with Prayer Partners and supporters. 5. Flame organised a 'Spiritual Renewal, event In Madeira which provided excellent teachlng and spiritual refreshment for all who attended. 6. The CEO continued to take speaking engagements and offered help and input Into othgr organisatlons that share a similar ethos. benefit when reviewing our aims and objeGtives and in planning our future activitles.
Page 2 Flame Trust Limited Company Limited by Guarantee Trusteas, Annual Report (Incorporating the Director's Report) (Gonfrnuodj Year ended 31st March 2025 Flnanclal review The results for the year, and the financial posltion at the end of the year, are shown in the attached financial statements. The charity provSdes for a reserve provlslon of three months operational costs. The charity's reserve policy is deslgned to ensure that the Trust has adequate financial reserves to maintaln the operation of the Trust In the evenl of unforeseen changes in the level of support and financial funding. The reserves are intended to provide financial stability to ensure that the charitable obJectlves and strategy of the Trust can be maintained until funding streams are restored. The trustees will agree the reserve provision based on operational costs and antlcipated expenditure as detailed in the annual budget and to maintain funding commltted to projects or for individual support. The budget is prepared by the CEO and the trustee wlth financial respon8ibillties and 8ubmitt8d for approval by the Board of Trustees at the January Board meeting each year. The policy is reviewed quarterly to ensure the reserves are adequate to meet the ongoing fin8ncial obligalions of the Gharity Referenc.e and admlnlstratlve dotalls Reglstered charlty name Flame Trust Limited Charlty registration number 1134374 Company registration number 06778011 Principal office and registered 24 Robert street office Lower Gornal Dudley Wesl Midlands DY3 2AY The trustees Mr D Allen Mr M J Smith Miss J O Beardsmore Independent examingr Mr A A B Gralnger FCA of Griffiths and Pegg Chartered Accountants 3 Hagley Court South Waterfront East Level Street Brierley Hlll West Mldlands DY5 1XE
Page 3 Flame Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31st March 2025 Structure, governance and management Flame Trust Limited was incorporated as a private company limited by guarantee without share capltsl on 22nd December 2008 and registered as a charity on 18th February 2009 operating under charity number 1134374. Trustees are appointed and removed by a unanimous resolution of a meeting ofTrustees. The trustees are ultimately responsible for the decision-maklng of the organisation bul day-to-day operation of the activities of th8 charity are delegated to our appoln18d CEO. The trustees rneet regularly throughout the year to review and oversee the affairs of the chsrity. Small company provisions This report has been prepared in accordance wlth the provisions applicable to companles entitled to the small companies exemption. The trustees, annual report was approved on 7th November 2025 snd signed on behalf of the board of trustees by.. ,J . L) Be Mlss J O Beardsmore Trustee
Page 4 Flame Trust Limited Company Llmited by Guarantee Independent Examiner's Report to the Trustees of Flame Trust Limited Year ended 31st March 2025 I report to the trustees on my examination of the financial statements of Flame Trust Limited {'the charity'l for the year ended 31 st March 2025. 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 Compan16s Act 2006 ('th8 2006 Act'}. Having satlsfled myself that the accounts of the Company are not required to be audited under Parl 16 of the 2006 Act and are eliglble for independent examination, I report In respect of my examination of the charity's accounts as carrled out under section 145 of the Charities Acl 2011 I'the 2011 Act,). In carrying out my examination I have followed the Directlons oiven by the Charlty Commisslon under sectlon 145{5){b) of the 2011 Act. Independent examiner'8 Statement I have.cornpleted.my_examination, I confirm that iio matters have come to my attention in connection with the examination giving me cause to believe- accountlng records were not kept in respect of the charlty as required by section 386 of the 2006 Act., or the financial staternents do not accord with those records., or the.financial statements do not comply wlth the accounting requirements of s8Ction 396 of the .2006Act_other than any requirement that the accounts giv8 a 'true and fair, view which is not a malter considered as part of an independent examination,. or the financial statements have not been prepared in accordan wilh the methods and principles of the Statement of Recommended Practice for accountlng and reporting by charities applicable lo charities preparing their accounts in accordance wlth 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 connectlon with the examination to whlch attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reach Mr A A B Grainger FCA Griffiths and Pegg Charter8d Accountants Independent Examiner 3 Hagley Court South Waterfront East Level Street Brlerley Hill West Midlands DY5 IXE
Paga 5 Flame Trust Limited Company Limlted by Guarantee Statement of Financlal Activities (including income and expenditure account) Year ended 31st March 2025 2025 Restricted funds Total funds 2024 Unrestrlcted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 44,083 36,702 14,483 33.192 77,275 36,702 14,483 128,460 67,672 100,198 9,796 Total Income 95,268 33,192 177,666 Expenditure Expenditure on raislng funds.. Investment management costs Expenditure on charitable aclivities Other expenditure Total expendlture 4,633 114,494 7,600 21,005 12,233 135,499 2,358 190,808 121 9,10 12 119,127 28,605 . 147,732 193,287 Net losses on Inveslments 13 (30,000) (30,000) Net expendlture and net movement in funds {53,859} 4,587 149,2721 (15,621) Reconciliation of funds Total funds brought forward Total fulids carrled forward 403,288 94.523 497,811 513,432 349,429 99,110 448,539 497,811 The statement of financial activities Includes all gains and losses recognised in the year. All income and expenditure derive from continuing activlties. The notes on pago8 7 to 17 form part ofthe86 financlal statsments.
Page 6 Flame Trust Limited Company Limited by Guarantee Statement of Financial Position 31st March 2025 2025 2024 Note Flxed assets Tangible flxed ass8ts Investments 19 20 299 205,000 399 235,000 205,299 235,399 Current assats Debtors Cash at bank and in hand 21 7,580 244,762 6,484 263,301 269,785 252,342 Creditors: amount5 falllng due within one year Nat current assets 23 (9,102) (7,3731 262,412 243,240 Net ass8ts 448,539 497,811 Funds of the charity Re8trict6d funds Unrestricted fvnds 99,110 349,429 448,539 94,523 403,288 497,811 Total charity funds" 25 For the-year ending 31st March 2025 the charity was entitled tD exemption from audit under section 477 of the Companies Act 2006 relaling to small companies. Directors, responsibilitles: The membgrs have not required the company lo obtain an audit of its financial statements for the year in question in accordance with seGtion 476,, The directors acknowledge thelr responsibilities forcomplying with the requlrements of the Actwilh respect to accounting records and the preparation of financial statements. These financial statements have bgen prepared in accordance with the provisions applicable to companies subl&ct to the small companies, regime, These financlal statements were approved by the board of tru51ees and authorised for issue on 7th Novemb9r 2025, and are signed on behalf of the board by.. Miss J O Beardsmore Trustee The notes on page$ 7 to 17 form part ofthese financial statements.
Page 7 Flame Trust Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31st March 2025 General information The charity is a public benefit entity and a prlvate company limited by guarantee, registered in England and Wales and a registered charity In England and Wales. The address of the registered office is 24 Robert Street, Lower Gornal, Dudley, West Midlands. DY3 2AY. Stat&rnent of compliance These flnancial statements have been prepared In compliance wlth FRS 102, 'The Financial Reportlng Standard applicable In the UK and the Republic of Ireland,, the Statement of Recommended Practice appllcable to charities preparlng their accolrnts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Gompanies Act 2QIO6. Accounting policles Basis of preparatlon The financial statements have been prepared on the hlstorical cost basis, as modrfied by the revaluatlon of certain financial assets and liabilities and investment properties measured at fair value through Income or expenditure. The financial statements are prepared in sterling, whlch is the functional currency of the entity. Golng concern There are no materlal unc8rlainties about the charity's abillty to continue. Disclosure exemptions The trustee8 h8ve taken advantage of the exemptlon in FRS 102 from including a cash flow statement in Ihe financial statements on the grounds that the company is a small entity. Judgements and key sources of estimatlon uncertainty The preparation of the financial Statements requires management to makejudgements, estimate5 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, Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Deslgnated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds aro subjected to restrictions on their expenditure Imposed by the donor.
Page 8 Flame Trust Limited Company Limited by Guarantee Notes to the Flnancial Statements (¢ontlnugd) Year ended 31 st March 2025 Accountlng pollcies (continued) Incoming resourcas All incom@ is included In the statement of financial activities when entitlement has passed to the charlly, it is probable that the economic benefits associated with the transaction will flow to tho charity and the amount can be rellably measured. The followlng specific policies are applied to particular categories of Income.. income from donations or grants is recognis8d when there Is evldence of entillement to the gift, rec8lPt is probable and its amount can be measured reliably. Income from contracts for the supply of services Is recognised with the deliv8ry of the contracted service. Thls is classified as unrestricted funds u nless ther@ is a contractual requirement for il to be spent on a particular purpose 2nd returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure Is recognis8d on an accruals basis as a liability Is. incurred and is classified under headings of the statement of financlal activlties to which It relates.. .expènditure_on raising_funds includes the costs of 811 fundraising acllviti88, events, non- charitable trading activitiss, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking acliv_ities-.that further its charltable films for Ihe.beneflt of its beneflciarles, including those suppc>rt costs and costs relating to the gov6rnance of the charity apportioned to charitable activities. other 8xpendlture includes all expenditure that is neither related lo raising funds for the charity nor part of its expendlture on charitable activitles. All costs are alloc8ted to expenditure categories reflecting the use of tho resource. Direct costs attributable to a single activity are allocated directly to Ihat activity. Shared costs are apportione between the actlvities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets All fixed assets are initlally recorded at cost. Depreciation Depreclation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows., Equipment 20 % straight line Invostments Unllsted equity investmenls are init1211y recorded atcost, and subsequently measured at fair value. If falr value cannot be reliably measured, assets are measured at cost less Impairment.
Page 9 Flame Trust Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31st March 2025 Accounting polici8S {GontlnuedJ Investm8nts (conLTnued) Listed investments are measured at fair value with changes In fair valu8 being recognised In income or expenditure. Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure, Investment property is revalued to its fair value at each reportlng date and any changes in f8ir value sre reGognised In profit or loss. If a rel iable measure of fair value is no longer not avallable without undue cost or effort for an Item of investment property, it shall b8 transfarred to tangible assels and Ireated as such until It is expected that fair value will be reliably measurable on an on-going basis. Flnanclal instruments -A financial asset Dr a financial liabllily Is recognised only when the entity becomes a party to the contractual provisions of Ihe instrument. Basic financial instruments are initlally recognised at the amount receivable or payable including any related transaction costs, unless the arrangement conslitutes a financing transaction, where It is recogni&e_d at the p_resent value of the future payments dlscounted al.a market rate of interest for a sim ilar debt instrument. Currentassets and tUent liabililies are subsequently measLtred at the cash Dr other consideration expected to be pald or received and not discounted, Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the perlod In which the expenses is incurred. Llmlted by guarantee Flam@ Trust Limited is a company limited by guarantge and accordingly does not have a share capital. Every member of the company undertakes lo contribute such amount as may be required not excoeding £1 to the assets of the charitable company in the event of its being wound up while he or She is a member, or wlthin one year after he or she ceases to be a member.
Page 10 Flame Trust Limited Company Llmlted by Guarantee Notes to the Financlal Statements (contlnu8d) Year ended 31st March 2025 Donations and legacies Unrestricted Funds Restrlcted Total Funds Funds 2025 Donatlons General Fund Dave Pope Support Fund SpecSal Projects Fund Project and Event Development Fund Memorial Fund 8,510 29,115 1,50D 2,730 8,510 29,115 22,485 2,730 2,207 20,985 2,207 LogaGies Ggneral Funds Special Proj8cls Fund 2,228 2,228 10,000 10,000 44,083 33,192 77,275 Unrestrictod Funds Restricted Total Funds Funds 2024 Donations General Fund Dave Pope Support Fund Special Projects Fund Project and Event Development Fund Memorial Fund 6,218 6,218 37,190 18,420 5,844 3,500 5,844 14,920 Legacies General Funds Special Projects Fund 52,752 14,920 67,672 Charltable actlvitles Unrestricted Total Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Project and Event Manag8m8nt Income 36,702 36,702 100,198 100,198 Invostmont income Unrestricted Total Funds Unreslricted Total Funds Funds 2025 Funds 2024 Rent received Bank interest receivable 7,980 6,503 7,980 6,503 6,660 3,136 9,796 6,660 3,136 14,483 14,483 9,796
Page 11 Flame Trust Limited Company Llmited by Guarantee Notes to the Financlal Statements (¢ontlnuedJ Year ended 31st March 2025 Investment management costs Unrestricted Funds Restricted Total Funds Funds 2025 Investment property management costs 4,633 7,600 12,233 Unreslrlcted Funds Restricted Total Funds Funds 2024 Investment property management costs 1,765 592 2,358 Expendlture on charltable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 General Funds Travel Bursary Fund Dave Pope Support Fund Special Projects Fund Event and Proj8cI Developmsntfund Chaplaincy Fund Support costs 24,918 1,549 29,251 24,918 1,549 29,251 2,242 33,220 2,242 33,220 18,763 21,005 44,319 135,499 114,494 Unrestricl8d Funds Restricted Total Funds Funds 2024 General Funds Travel Bursary Fund Dave Pope Support Fund Special Projects Fund Event and Project Development fund Chaplaincy Fund Support costs 21.494 3,632 29,327 21,494 3,632 29,327 480 93,867 850 41,158 480 93,867 850 14,630 15,960 26,529 174,849 190,808
Page 12 Flame Trust Limited Company Llmlted by Guarantee Notes to the Financial Statements (contlnu8d) Year ended 31st March 2025 10. Expfrndlturo on charltable activities by activity type Activilies undertaken directly Support Total funds costs 2025 Total fund 2024 General Funds Travel Bursary Fund Dave Pope Support Fund Special Projects Fund Event and Project Development fund Memorial Fund Chaplaincy Fund Governance costs 24,g18 1,549 29.251 2.242 33,220 18,152 43,070 1,549 30,685 22,755 33,220 800 37,685 3,632 31,469 1g,110 94,569 1,434 20,513 800 850 3,493 3,420 3,420 91.180 44,319 135,499 190,808 11. Analysis of support costs Analysis of 8Ltpport Dave Pope Support Fund Speclal Projects Funds activity 15 Total 2025 Totsl 2024 General Funds Staff costs Communications and IT General office cosls Governance costs Depreciation Donations 12,902 12,902 12,384 58 749 807 1,059 4,892 685 5,577 5,958 3,420 100 200 3.420 100 21,513 3,493 10Q 18,164 41,158 20,513 800 21,572 1,434 20,513 800 44,319 12. Olher expenditure Unrestricted Total Funds Unreslricted Total Funds Funds 2025 Funds 2024 Loss on disposal of tangible fixed assets held for charity's own use q21 121 13. N6t losses on investmants Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gainsl{losse5) on investment property (30,000) 130,000)
Page 13 Flame Trust Limited Company Limlted by Guarantee Notes to the Financlal Statements (continued) Year ended 31st March 2025 14. Net expenditure Net expendltur8 is stateLI after chargingl(cred Iting)., 2025 2024 D6preci21ion of tangible flxed assets Loss on disposal of tanglble fixed assets 100 100 121 15. Independent oxamlnation fees 2025 2024 Fees payable to the Independent examiner for., Independent examination of the financial statements Other financial 5ervlces 3,420 73 3,420 73 3,493 3,493 16. Staff costs The tDtal staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Employer contributions to penslon plans 65,532 735 61,578 623 66,267 62,201 The average head count of employees during the year was 3 {2024.. 3). The average number of full-time equivalent employees durlng the year is analysed as follows: 2025 2024 No. Number of stsff No employee received employee benefits of more than £60,000 during the year (2024.. Nil). 17. Trustee remuneration and expenses No remuneration or other benefits from employment with Ihe charity or a related entlty were received by the trustees.
Page 14 Flame Trust Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31st March 2025 18. Transfers between funds During the year the following transfers were made be&en general, designated and r@strlcted funds. 15 /0 of the donatlons received during the year by the Dav6 Pope Support Fund £4,367 was transferred from the Fund to General Funds, This was to ref16Gt the administrative costs borne on behalf of, and the support glven to the Dave Pope Support Fund. £8,211 on the ProjeGt and Event Development Fund was transferred to General Funds followlng the completion of an event. £1,104 was transferred from the Memorial Fund to the Special Projects Fund. 19. Tangible flxed assets Equipment Total Cost At 1st April 2024 and 31sf March 2025 Depreciation At 1 st April 2024 Charge for the year At 31st March 2025 3,098 3,098 2,699 100 2,699 100 2,799 2,799 CarrySng amount At 31st March 2025 299 299 Al 31 st March 2024 399 399 20. Investments Investment properties Cost or valuation At Isl April 2024 Additions Fair value movemènts 235,000 (30,0001 205,000 At 31st March 2025 Impairment At 1st April 2024 and 31st March 2025 Carrying amount At 31st March 2025 205,000 235,000 At 31sl March 2024 All investments shown above are held at valuation.
Page 15 Flame Trust Limited Company Llmited by Guarantee Notes to the Financial Statements {conflnued) Year ended 31 st March 2025 20. Investments {¢ontlnuedJ Investment prop8rties The Investment propety was revalued on 13108/2025 by Mr E Morse-Brown Dipm MNAEA of Trlllity Property. 21. Debtors 2025 2024 Prepayments and accrued Income 7,580 6,484 22. Investments Investment properly is inltlally record8d at cost, whlch includes purchase price and any directly attributable 8xpenditure. Investment property is revalu8d lo its falr value at each reporting date and any changes in fair value are recognised in profit or loss. -"If a-reliable measure of fair value is no longer not available wlthout undue cost or effort for an Item of investment propety, il shall be transferred to tanglble 8ss8ts and treated as such until it is expected that fair value will be rellably measurable on an on-going basis. 23. Credltors: amounts falling due wlthin one year 2025 2024 Trade creditors Accruals and d8ferred Income Social security and other taxes Other creditors 160 5,800 2,979 q63 692 3,300 3,242 139 9,102 7,373 24. Penslons and other post-retlr8ment beneflts Defined contrlbution plans The amount recognised in Income or expenditure as an expense in relation to defined contribution plans was £73512024.. £623).
Page 16 Flame Trust Limited Company Lirnited by Guarantee Notes to the Financial Statements (continued) Year ended 31st March 2025 25. Analysis of charitable funds Unrastrlcted funds At IstApr 2024 Income Gains and At 31st Mar losses 2025 Expenditure Transfers Gengral Fund Timothy Fund Bursary and Travel Fund Dave Pope Support Fund Special Project8 Fund Events and Project Developrnent Fund 286,874 10,310 25,221 {51,122) 10,578 {30,000) 241,551 10,310 11,264 11,549) 9,715 90,790 29,115 {30,6851 (4,367) 84,853 1,050 1,500 (2,550) 3,000 39,432 (33,221) 95,268 (119,127) {6,211) 3,000 403,288 (30,000} 349.429 At1Apr 2023 Incorne "-Gains and At 31 Mar losses 2024 Expenditure Transfgrs General Fund Timothy Fund Bursary and Travel Fund Dave Pope Support Fund Speclal Proj8Cts Fund Events and PrDject Development Fund 304,47.3 10,310 16,015 (43,065) 9,451 286,874 10,810 11,847 (3,632) 3,049 11,264 90,647 37,190 (31,469) (5,578) 90,790 8,852 3,500 (4,000) (7,302) 1,050 106,041 (94,569) 162,746 {176,735) (8,472) 18,852) 3,000 426,129 403,288
Page 17 Flame Trust Limited Company Llrnited by Guarantee Notes to the FinanGial Statements {contlnued) Year ended 31st March 2025 25. Analysis of oharltable funds {conUnu8d) Restricted funds At1Apr 2024 Gains and At 31 Mar losses 2025 Income Expenditure Transfers Memorial Fund The Ruiton Street Developrnent Fund Chaplaincy Fund Special Projects Fund 1,347 2,207 (799) 11,104) 1,651 83,733 780 (7,600) 76,133 780 8,663 30,985 (20,206) (28,605} 1,104 20,546 99,110 94,523 33,192 At1 Apr 2023 Gains and At 31 Mar losses 2024 Income Expenditure Transfers Memorial Fund The Rulton Street Development Fund Chaplaincy Fund Special Projects Fund 1,347 1,347 84,326 1.630 {593) (850) 83,733 780 14,920 (15,109) (16,552) 8,852 8,852 8,S63 87,303 14,920 94.523 26. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Investments Current assets 299 205,000 144,130 299 205,000 243,240 99,110 Net assets 349,429 99,110 448,539 Unrestrlcted Funds Restricted Toial Fund8 Funds 2024 Tangible fixed assets Investments Current assets 399 235,OQO 167.889 399 235,000 262,412 94,523 Not assets 403,288 94,523 497,811