Company rÈglstratlon number 07240416 {England and Walès) Charlly reglstratlon number 1136359 (England and Wale$} THE MONMOUTH SAVOY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
THE MONMOUTH SAVOY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr K P M Davies Ms P Dodd Ms R Marks Mr G E McGruer Mrs R Sinf181d Mr MAJ Newman Mr D Syoung Ms J Harvey Mrs B P Spen (Appolnted 15 October 2024) {AppDinled 15 April 2025} (Resigned 15 Aprll 20251 IR8signed 15 April 20251 Charlly number (England and Wales) 1136359 Comp8ny number 07240416 Reglstered oftlce Savoy Thealro Church Slr8et MonThUlh Monmouthshire United Kingdom NP25 3BU Independent examlner BK Plus Limlted 6 Manor PBrk Business Centre M8ckenzie Way Cheltenham GIouc8sl8rshir England GL519TX
THE MONMOUTH SAVOY TRUST CONTENTS Pag8 Trustees, report Independent examinÈrfs r8POrt StalerneDI of finand81 activiiies Slatemtsnl of financlal posllion NDt8S to the financlal statemgnts 6-12
THE MONMOUTH SAVOY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present thelr annual report 8nd financlal ststoments for the year ended 3Q September 2025. Th6 financial statements have been prepared in accordance with the a¢counling pollcles set out In note 1 to the financial slalements and comply with Ihe charills governlng document, the Companies Act 2006, FRS 102 "Th6 Fin8ncial Reporting SlarEdard applicable In the UK and Republic of Ireland" and the Charities SORP 'Accourbtlng and Reporting by Charities.. Slalement of Recommended Practlce applicable to charities preparing their accounts in accordance with ihe Financial Rewrting Standard 8pplicab18 In Ihè UK and Republic of Ireland IFRS 1021" Objectlve8 and activili8s Thè Trust's objèctives are to manage and maintaln the Savoy Theatre I"The Savoy") for the beneflt of the town, Sls Inhabitants and the wider Gomtnunily. This will be achleved by elfeclive day lo day management and by Maklng suro that the programming of the building is as inclusive as posslble. Slgnlficant activitie5 Cinerra - the building is for the tn05t part a cinema, showing B selection of new films ge3red largoly lo th¢ Monmouth audience demograpF>ic. The S8voy also shows Evenl Cinema, including streams from W981 End musicals and woddwide concerts. Cinema audien¢es hav8 not r&tum8d ta pre Covid levels largew as a result ol streaming altsrn£tives Bnd variable quality films. The Savoy supports a number of livè events with community partiapalion including music, comedy arvj theatre. Th8 Savoy continu8S to attract some of the blggest names in popular enlertainm8nl. The profitabllity of these events continue to cross 5ubsidtso the les5 commErcial and more community based programme of evenls.The number of live events 1$ growing materfalty In order to ctsunteract the less well performlng clnema. Schoo15 are conUnulng to use the building. with tours and talks a r8gular feature as w811 as film showings. This has been gellerously supported with fundino Monmouth Town Council with an iniliallve to provid8 fr66 anema tickets to children aggd betW88n 5 8nd 11 years of ag8. The building is let out to community groups as often as po8glblè. Local amateur groups are welcome and links with Off Centre Th6alr6 and Monmouth Muslc Theatre remain strong. LInsd as a venu8 for civil ceremonies. Public benefit It remains clear from Ihe support the Savoy has received during th8 y8ar that it ctsntinuès to play a vilal role in the comnwnity providing huge public benefil. Achlevements and performance Going Concem and the impact of th? COVID-19 pandemlc The Covid-19 pandsmic has left a legacy ol gonsr8lly smaller audIere$. Thls Coupl with the fact that some releases go straight lo streaming has meant that we are not seelng the amount of releases enjoyed historically. We have bEgun to be apprtiachgd by film and TV companies for hire puipos8s for filming. During the year the Trust receSved granis totalling £7,500 from Monmouth Town Council {MTCI lo meet the cost of flee cinema lickels for the 5-11 age range at schwls Wtthin th8 MTC 8r6a. The Irustees continue lo recognise the aThaxing ganen)sity of all those who gave donations in Orie form or another. Th8 trust88s continuously monitor the finaneAal position induding p¥ojecting 8hgad a rolling twelve month basls identifying the WOTking capital n8&ds of Ihg Trusl while continulng lo maintain and improv8 the fgcili118s. Flnanolal r8vl•w Reserves policy Thls is the fourteènth year of operating. The Iwstees a aware of be81 pr8clicB to keep al least three months running costs in rèseNe. This equates to about £25,OCM) per month. This amount and some contingency Is still securo In th¥ Monmouthshlr& Bulldlng Sodety deposit account.
THE MONMOUTH SAVOY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Futur¢ plans This Is the Ihirieenlh year ol opÈrallng. The trustees are awar& of besl practice to keep 81 least three months rLsiiTrin9 costs in reserve. This equates to ab)ul £25,000 per month. This an)Unt and some conlingenGy is still se¢ure In the Monmoulhshlre 8uilding Society dgposlt hccounl. structure, 9overnan¢e and managtment Govèrnln9 documènt The charlty Ls controlled by 115 Memorandum and Arti¢les of Association dated 30Aprd 2D10. The ch8rily is constiluled as a company litniied by guarantee and therefore bas no sliare ¢8pilal. In the event ol the company belDg wound up. and the liabdilles and windifig up expense being In excess ol assets. the Ilabllily ol each member is lirnit8d lo £1. Organlsatlonal stru¢ture Tl3e eurrenl full lime employees are Chris Ryde (Director), Mike Hairold and Keri Russell. Clare Webb Is on a 25 hour per we$k conlra¢l and Mark Read has a p6rmanen¢ freelance posilion a5 lethnical manager. Inductlon and tralning of new tiuste&s Tlig Irusl currenlly has seven Irustees. All newly kppoinleil INJslèès recewe trBlnlng In their roles and iesponsibilllies. Rlsk managtment Financlal risk The day to day aclivilies ol thè Trusl are mgnitoied dusely with the production of regular manag8menl a¢¢oun18, 80 that the Truslee8 C8n be satisfied that the Trusl can m¢èl ils finandal oblig8lions. Statement of Trustees, responslbllitlès The trustees. who are also the directors of The Montnoulh Savoy Trust for lh8 purpose of company law, ar r8sponsible lor pr&paring the Tiusloes. Report and Ille lifiÈncial stalomonts in accordarsce with applicabI8 law and Uniled Kingdom Accounling Standards (United Kingdom Gener811y Aecepled Acwunllng Praclicgl. Company law requires the Irust88s lo prep8r8 financial 51atemen13 lor esch financial year whlch 9IVe 8 true and lair view ol Ihe slate of aff&irs ol the chafily 8t ol the incomin9 r&$ources 3nd application of resources, inclvding the incorne expendiluro. ol the ch8rit&ble company lor that yoar. In preparin9 Iho¥e financial sia¢emeftl$, the IrusieEs ale fequlred to- select suitable accountin9 policies and then Èpply Ihern c(ynsislenlly'. bsèrve Ihg methods and principles in Ihe Charitie5 SORP., make judgen)enls and eslimales thal ale ieasonable and prudent., state whether 8pplicable UK AccoLinting Slandaids have been followed. subject lo any material departur8S dlsc1osed and explBlned in Ihe financial stalemenls., and prepare Ihe finanr.ial 51alements on Ihe going con¢¢rn basis untess it is in8pproprl3t8 lo presume th31 the chèrily wlll conlinue in operation. The Iru5tees are responsiblè lor keeping adeq4Jale accounl¢ng records that dlsclose with ieasonable a¢¢ur&cy al any Ilme Ihe financial posilion of the charity and enable them lo ensure thal the lin8ncial statgmenls comply with the Comp2nle% Act 20D6. They are also responsible for safo9uafdlng the assets ol the charity and hence lor takin9 18gsonable sleps foi the prevention and detection of Ifaud and other iTregularities. The l¥uslees' report was approved by Ihe Board ol Trustees, Mr MoGru Trustee Dale,,
THE MONMOUTH SAVOY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MONMOUTH SAVOY TRUST I report to the trustees on my examination of the financial ststements of The Monmouth Savoy Twst {the charity) for th6 y6ar endèd 30 September 2025. Responslbilltley and bayl$ of Yeport As the trustses of the charfty land a150 Its direclors for the purposes ol company law), you are r8sponslbl8 for the preparation of the finan¢l81 stat8m8nts in accordancè rith lh8 r8quir8ments of the Companies Act 2006. H8ving satisfied myself that the financial statements of the charity are not required lo be 8udiled under Port 16 of th8 Companies Act 2006 and ar8 811glbl8 ftsr Indbpèndènt examination, I report in respect of my examination of Ihg charity's financial slalements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have tollowed the Dlreclions given by the Charky ComTvTrission under soclion 14515llb) of the Charities Ad 2011. Independent examlnerfs $tsl•m&nt Slnce the charllls gross Sncome exceeded £250.000, Ihe independent examlner rrust b6 a m&n)ber of a body Ilsted In sècllon 145 of thè Charlllès Act 2011. 1 confim that l am qualified to undertake the examination because l am a member of the Inslilule of Chart8Yed Accounlaftis in England arhd Walas, which is one of the listed bodies. I hav8 compl8t8d my 6xamlnation. I confirm that no matte¥s have come to my attention in connoclion wlh the ex8minallon givlng m8 C2US8 to bellave that in any materièl respect.. accounllng records were not kept In respect of the charity as required by section 386 of thè Companbs Acl 2006. th8 financlal ststements do noi accord wllh IlTh)se records.. or the financial statements do not comply with the accounting requirements of se¢fjon 396 of thè Companles Act 2006 other than any rèquirement Ihat the financAal statements gThie a true and f8ir vi8w, whkh Is nol a mall¢r consldered as part of an Ind8P8ndÈnt èxamiAation,' or the financial statements have not been prepared in accordance with the melhods and principl8s of thè statement of Recommended Practice for accounting and reporting by charities appllcable to charit4es preparing their f5nan¢ial statem8nts In 8ccordan(% with the FinanrAal Reporting Standard applicable in the UK Republic of Ireland {FRS 1021. I h8vè no concerns and hav8 come across no other matters in connection with the examination to whlch attention shoLild be clr8wn In Ihls raptsrt In order lo enabla a proper understanding of the financial stalemerhls lo b8 reach8d. R F Downes FCA BK Plus Limited 6 Manor Park Buslness Centr8 Mackenzie Way Cheltenham Gloucestershire GL51 9TX England Datè..
THE MONMOUTH SAVOY TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITUREACCOUNTI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrostrtcted Restrlcted funds 2025 Total Unre8tr1cted fund$ 2024 ReBtrl¢ted fund$ 2024 Total 2025 2025 2024 Notes Income from: Donations and legades Charltable a4VIlle5 Othèr tradSng 8¢Uvllres Investments 8,959 427,693 112,769 6,166 8,959 442,693 112,769 6.166 8,405 372,791 98,664 2,349 8,405 387,791 98,664 2,349 15,000 15,0 Total Income 555.587 15,000 570,587 482,209 15,0 497,209 Expèndlture on: Raislng funds Charitable activltl8S 35,764 487,978 35.764 512.968 37,477 472,308 37,477 496,270 24,990 23,962 Total expendlturo 523,742 24,990 548,732 509,785 23,962 533,747 Nèt IncoMellèKpendlturèl and movèment in fLEnds 31,845 {9,9901 21,855 127,576) 18,9621 136,5381 Reconclllatlon of funds: Fund balances at 1 October 2024 111,493 65,138 176.631 139,069 74,1(X) 213,169 Fund balances at 30 September 2025 143,338 55,148 198,486 111,493 65,138 176,631
THE MONMOUTH SAVOY TRUST STATEMENT OF FINANCIAL POSITION AS A T 30 SEPTEMBER 2025 2025 2024 Notes Flxed as$ot# Tangible assets 11 25,516 34,353 Current assets Debtors Cash al bank and in hènd 12 g,619 328.843 7,489 262,296 338,482 289.785 Credltors.. amounts falllng withln on8 year 13 1165.4921 1127,5071 Net curr¢nl assats 172,970 142.278 Total a$sBts l&$s curr?nt IlabllltÈas 198.4e8 176,631 Thè funds of Ihe charlty Restricted incornÈ funds Unresl¢ictèd funds 14 15 55,148 143.338 65,138 111,493 198,486 176.631 Th6 company is entitled to thè exernptlon from the audit raqulremenl contalned In secllon 47T ol thè Companl8s Act 2006, for th8 year endsd 30 Seplember 2025. Th8 dlieclors acknowledge ttLelr responsibililieg for complying with the requlremonts ol Ihe Companles Act 2006 walh respgci lo accounllng records and the prÈparalion of financial statsmenls. Thp memb8rs have not required Ihe company 10 obtain an audil ol ils financlal sl8temenls lor th8 year in Question in aG¢ordance wilh sect 476. These financial st8iÈmenls have been prepared in accord8noe wilh the prov4slon$ applkable to companies suble lo Ihg small cornpanles reglme. Th linarkoial slalements wère approved by Ihe Irustéès on Truste
THE MONMOUTH SAVOY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 A¢¢ounllng pollcles Charlty InformatÉon The Monmouth Savtsy Trust is a private company limited by guaranteg incorporated In England and W81Ès. The regisl8red office is Savoy Thealre, Church Street, Monmouth. Monmouthshire, NP25 3BU, Unileil Kingdom. 1.1 Accountlng ¢onvèntlon The financlal statements have been prepared In accordance wth th8 chArilS governing document, the Compani8s Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP Accouriling 8nd Rèporting by Charities.. Slalement of Rècommended Practice applicable to charities preppiing Iheir accounts in 8¢cord8n¢e with the Financ4al Reportlng Standard appli¢8ble In the UK and Republ of Ireland IFRS 1021" The charity 13 a Public Benefit Entity as défined by FRS 102. The financial slatements ar8 pr8p8r8d in slerllng, which is the functlonal currency of thè charily. Monetary amounts In these financial statements ar8 rounded to the nearest £. The financial statements hÈv8 been prepar8d under the hlstorfcal cost convenlion. The prlnclpal accounting poIIciBS adopted are set out b81ow. 1.2 Charitable funds Unr85lrided funds can be used in accordance with the charitable objBdiv85 at Ihe dlscretion of the tru8188S. Restricted funds can only bè used for particular restricted purposes wlhin th8 oblèots of the charty. Restrictions arise when sp8cifi8d by the donor or wh8n fvnd8 ar8 r£lsed for particular reslrlcto(I purposès. Furth8r 8xplanation of the nature and purpose of each fund Is included In the notes lo th8 fln8ncial slatemenls. 1.3 In¢ome All inix)me15 recognised in the Slalemenl of Finandal Actwilie3 c>nce the chBrity has enllllement lo the funds, It is probable that the Income be received and the amount can be m88sur8d reliably. 1.4 Expendlture Liabilitl8s ar8 recognised as expenditure os soon as there is a tegal or constructive obligalion commlttlng the charity ta that axpènditure, it Is probable that a transfer of economlc bengfits wll be required in settlement and the amount of thg obligation can be measured rellably. Expenditure is accounted for on an accruals basis ar has been classified vnder headings that aggTegat8 811 cost related to the category. Whera costs cannot b8 (lirectly attributed to particular headings they have been allooated to activities on a basis consistent wilh the use of msources. 1.5 Tanglble flxed assets TangiblB fixed assets are initially measured al cAJsl and 8ubs8qUontly measured al co81 or valuaticn, net of (1gpr8clatlon and any impaimienl Ioss8S. Depreclallon Is recognised so as to write off Ihe cost or valuation of assèts less their resldual values over thelr useful Iiv8s on thè following bases.. Leasehold impTOV8m8nts Plant and Èqulpment Iwer 6 years 25 /0 on cost The gain or ltsss arising on Ihg disposal of Bn asset is d8lermlnèd as the dlffer8nce betW88n thé sab proceeds and tho carrylng value of the ass81, andlg recc¥Jnised in the stst6ment of financial activities.
THE MONMOUTH SAVOY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcl88 {Contlnu8dl 1.6 Leases Rentals pald under operating leases 3r9 charged lo the Stslemenl gf Finan(yal ACtIlieS on a stralghl Ilne basls over the period of the lease. In¢omg from donatlons and legacies Unre8trfcted funds UnY88trtctsd lunds 2025 2024 Oonalions Gift aSd 7.222 1,737 6,841 1,564 8,959 8,405 Income from charllabl& actlvltle8 Unrèstrfct8d funds 2025 Ra8trf¢ted fundB 2025 Total Vnr68trlctad funds 2024 Ro8trlcled funds 2024 Totsl 2025 2024 Cinema sales Theatre hlre Theatre sales Grants 86,707 27,923 297,143 15,920 86,707 27.923 297.143 30.920 70.284 30.214 272.293 70,284 30.214 272.293 15,000 15,000 15,000 427,693 15,000 442.693 372,791 15.000 387.791 Grants analys16 2025 2024 Monmouth Town CourKil Monmouthshire Counly Councll Welsh Government The Fuellers Charity Monmoulh Town Council 15,0 7,206 6,214 2,500 15.000 30,920 15,000
THE MONMOUTH SAVOY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from other trading activities UnrestrlGled fun Unrestrfcted lunds 2024 2025 Sal6s of purchased goods Bar sale5 Other income Advertising income 43,896 50,400 13,242 5,231 44,427 47,673 3,216 Other trading actMI6s 112,769 98.664 Irbcoma from Investment8 Unr88trtcled funds LlnrestrlctDd fund6 2025 2024 Interest recelvable 6,166 2,349 Expendltvre on raislhg fund$ Unrestrlcted UnM8trf¢tsd funds funds 2025 2024 Fundralslng and publlclty Purchases Bar purthases 7,259 28.505 8,851 28.626 35.764 37,477
THE MONMOUTH SAVOY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Expèndlturè on charitable activities Heading
ac982
2025 Hèadlng
ac982
2024 Dir8Ct costs 8ookkeepin9 and admlnlstrallon costs Irrecoverable VAT Accountancy Depreciation and impairmenl Staff costs Hir8 of plant and machinery Rent Rates and water 610 35,136 1,505 31,025 103.964 693 20.000 2.443 640 35,136 1,505 28,122 105,476 724 20,000 3,479 i li InsLirance Lighl and heal Advertising Sundrles Theat artists Cinem8 production costs Repairs and maintenance Telephone PriF)ling, postage 2nd gtatlonary Llcences CrèdSt card charges 7.575 13,466 9,760 777 192,740 63,292 7,802 3,965 288 6,014 11,913 6,924 15,089 8,788 570 174,800 58,875 17.583 3,630 750 3,386 10,636 512,968 496,113 Analysls by fund Unrestricted funds Restricted funds 487,978 24,990 472,308 23,962 512,968 496,270 Trustees None of th8 Irustèès lor any persons connected wlth Iheml rec8ived any Temun?Tatlon or banefvis from the charity during the year. Trustees. expenses In 8 previous pwk>d. onè Irustee was reimbursed £183. No Irusleos w8re wimbursod for expenses during the year.
THE MONMOUTH SAVOY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Employ••s The average monthly number of employees dur¢ng th8 yearwas: 2025 Numbar 2024 Number Theatre 8laff Thère were no employees whose annual remuneration was more than £60,000. 10 Taxatlon As a re¢ognlsed charfty. The Monmouth Savoy Trust Is èxempt from Corporation Tax so far as il relatES lo Sls tharitable objects.11 is not, however, exempl from VAT, and IrrÈeoverable VAT is Induded as a separate Item of expense in the financial slalements. 11 Tanglble fixgd a3ts Leasehold Improvements Plant ond equlpmont Total Cost Al 1 O¢lober 2024 Addltlons 108,645 8,785 46,122 13,403 154,767 22,188 At 30 September 2025 117,430 59,525 176,955 DepNclatlon and Impaimient At 1 October 2024 Depreciation charg8d in Ihg year 90,254 18,855 30,161 12,169 120,415 31.024 At 30 Sepl8mber 2025 109,109 42,330 151,439 Carylng amount At 30 September 2025 8,321 17.195 25,516 AI 30 Septemb6r 2024 18,392 15,961 34,353 The costs of th8 refurblshmènt of the toilet block that wore Incurred in the year lo 30 Septemb8r 2019 are being amortised th 8ff8cI from l October 2019 over the remaining peilod of the ¢JJr¥enl lease. Th6 costs of the significant ren8wal ol thE Stage lighting that were in¢urr8d in thé year to 30 September 2020 arè being amortised with effecl from 1 October 2020 over the remaining period of the curr&nt lease. 10-
THE MONMOUTH SAVOY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 12 Dabtors 2025 2024 Amounts falllng due wlthln one year: Trado dèbtors Olher debtors Prepayments and accwed incom8 351 2,881 6,387 12371 7,726 9,619 7,489 q3 Cr4dltors: amounts falllng due wlthln one year 2025 2024 oth8r taxallon and social security Trgde creditors Accruals and deferred Income 6,303 244 158.945 5,598 8,468 113,441 165,492 127.507 14 Restrlcted funds The r8Strict8d funds of th8 eharity comprise the unexpended balance8 of don8lions 8nd grants held on trust subject lo specific WrllionS by donors as to how they may be used. Al 1 October 2024 Incomlng resources Resources At30 expènded September 2025 40 117,3631 11,8061 15,8611 40 6,102 1.615 47,391 Toilet refurbishmenl Theatre electrics Monmouth Town Council frèe cinema seats 23.465 3.421 38,252 15.000 65.138 15,000 124,9901 55,148 Provlou$ ygar- At 1 October 2023 Incomlng resources Rèsourcès At30 exp•nd$d September 2024 Toilet refLtrblshmenl Theatre electrics Monrnoulh Town Coun(yl free cinema seats 40,817 5,229 28,054 {17,3521 (1,8081 (4,8021 23,465 3,421 38.252 15,000 74,100 15,000 123,9621 65,138
THE MONMOUTH SAVOY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 14 Restrlcted funds IContlnued} Purpose of Re5trlcted Funds Toilet r8furbishment The purpose of the reslrlcted fund is to buiW a new toll8t blod< 8xt8nsion on th8 sid8 of the theglr• lo accommodate new ladies and disabled facilities on the ground floor and lo refurblsh th8 current male facilities. The building costs have been capilallsed.. deprecation will be charged against Ihis fund over the r8maind8r of thè pèrit)d of the currént léasè. Theatre electrlcs The purpose of Ihe restricted fund is to renew the stage lighting. The majority of the costs of the WDTk have been capltallsed,. deprecatltsn will be charged against this fund over the remainder of the period of the current lease. Monmouth Town Councll forfree clnema seats One frea seat per month to any film for three years for Monrnoulh primary school pupils. 15 Unrestricted funds The unrastricled funds of th6 charity comprise the unexpended balances of donalons and grants which are not Slibject to SP6tific conditions by donors and grantors as lo how they may be used. These Include designated funds which h8ve begn sel 85id8 out of unre51ricted funds by the trustees for spèclfic purposes. At 1 October 2024 Incomlng resources Resources At30 expended September 2025 General funds 111,493 555,587 1523,7421 143.338 Prèvlous yéar. At 1 October 2023 Incomlng rosources Resources At30 expanded Septsmber 2024 General futMIs 139.069 482.209 1509.7851 111.493 16 Related party tr#nsactFons There were no disclosabl8 related party liansactions during the year12024- nonel. 12-