C(Nnpany rwslTrli(ffi numbtr". 06778302 CbTty registration rnunber.. 1136725 Pan-Asia Community Housing (A company limitcd by Biiarxnttt) Antwal Repl and Financial Stattments fw the Year Ended 31 March 2023 David DixieF C A Dixie Associates 167 Black Hayn¢5 Road Selly Oak PirmipgtJJ Iwiilliiiii •ACJCMS29 2PJ1212023 COMPANIES HOUSE A13
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Pan-Asia Community Housing CoDtents Reference and Admirristraiive Detsils 2to4 Ststemerrt of Tnx5tc¢s'RewDSibilitic5 Independent Exarnin&s Rep)rt Ststement of Financia] Aaivities BalatLce Sheet Notes to the FitwiGial Statemu 9t0 15
P2n-Asia Community Housing Referentt and Administrative Detsils Trwttes C T BIxwD4 Chair EJB(Am J Millex-D¢mirovska Secretary KAHJones Other oificers Prin<ipal 9 Herbert Road .SaTrdwdl B67 5DD Retistered Office 9 Hcrbert Road Sandwdl B67 5DD The charity is inc<Mwated in United Kin8dryn. 06778302 Company Re8istra(ion Numlbtr Charity RtEi5tratioD Number 1136725 B*llktts £AE Ballk L4d 25 Kings Ffjll Avenue Kins% Hill West Mallin8 Kent ME194JQ D&wd DixieFC A Dixie Associates 167 Black HayD¢S Road Selly Oak Indeprndent Eumin¢r Birmino B29 4RE Pa8e I
Pan-Asia Community Housing Trnstee5' Report Th¢ trustees. who are dirtctor$ for the wtposes of company law, present the annual reEM)rt together with the financial Statements of the (haritsble c(xnwy for th¢ y¢ar ended 31 Nlatth 2023. Objec¢tv¢s and activit The trustees nfIrM they bave complied with thc rcwirements of section 4 of the Charities Act 2011 to have due regard to the pthlic benefit guidanrx publi5bed by the Charity commissi for Eth8land and Wales. Objects Th¢ Objects for which Pan-Asi# Ccxrttnunlty HSing is e&ablished aTe.'- To assist in the provisiiffi of affordable accunmodarirffi and housing manweni primwily but not exclusively, for persons of Surth East Asian origin living in the Midlanlts vjho are in conditions of need, povty or d¥'stress. To advance education and training and relieve financial hardship. primarily but not luSIvdy. amongst persons of South East Asian origin livinB in the.Midiands who are in (d]urLS of. need. PDverty or thstyes4 particulady by the provislon of 9JPPOrt servicEs to advajwe them in lif¢ and assist them adapt within a new community Reftrrkth In support of our je¢4 ref¢rTa15 Er¢ made by the fdlowing or8anisati4)ns dwing the year.. Letting Agents Churrh GI4Ps and Community tiOnS Other tharitsble organisations Voluntttts Volunteers continue to render vaSu3ble service al we depl(ryed f(w during the year. Achievtments For the year covcred by this report we have been able to demonstrat¢ a strong rec4)rd of effeaive Cl¢oMe delivery.'LrinS thè twelve tiic4iths have cared fw wid'supporttil"1"7'adults #nd4-th"ildren iii r2 pr(Ipéitses. Seven adults and fw thildren w¢ fmm black mitioffity eAlmic backwds and a further fJv¢ rf mainÈ4nd European oti8iD. Our approach to housing prcKur¢ment is n(-rtille and nOstartdard in that we ty to IntruC¢ properties to IXLr.housing stock whith knave never.befwe been available on the rental market. Ofn propernies arein a derelict or poor condition and we prcye¢t mana8¢ their refvrbishmertt back to a tsood habitsble standard. We believe that this s]i8htEy different approach for bringing new wentsj proputie5 to thc markd cart increase the amount of social housing stcKk available and offer scmething new for other orgarusations in the Chatitable hjsIng sector to replicate Pag¢ 2
Pan-Asia CommuDity Housing Trusteu, Rqbort Th¢ nature of wr ¢li¢nt h<$ been thann8 ovu receni years with an inueased dcrnand for family accomrn(Mlation and a high¢r inth from ethni¢ OJpS. txuing the year. hLRW41 eighte<n athdts and six children of which nincteen Erc fn)m from ethnic back8rcwids. Fin•ncial revitw Careful attention h&% bcen 8]ven io (r financia] managemtnL The a¢cwnts show that cw expenditt¢ ¢xc¢¢dtd our inci)me by £4.178 for the financial yw. This defii?i Wds largely the the result of a very Substanti advanct paymet]t laie in 202112022 in resped of Flat 2n59 Park Road as %11 as a small¢r advanc¢ payment Lll respect of 21 LordSd SquaT No active fundrfaisin8 took place durin8 the year. NOFIatIll SPPort Once again express r thanks th all th(tse people WIK) have fwthfully behind th¢ s¢en¢s suppot1irt8 us wtth small disbursements of mortey. their time attd Practi services. mo withimrt public recognition OT The twelve monlbs For fifteen years the organi5ation has been Tun by 'all-vc4uote¢r' staff. thLrin8 thos¢ fifteen year5 WE have proved the Deed for wr services and identified new servic¢s we shwid prowde. All fvnds used by the organisation have been self-8¢nerated. We ar¢ ¢xplorinB th¢ Fussibility of brinwg a bos into porfdio during the 202412S financial year. Birniin8ham City CrAmol hav¢ intrcduced a licenshng stheme fw hOS and the dient 8rcw that we intend setve will have to be approved by them as part of the re8]Strati Proc$. We will aiso contsNie to seek further prryew ovmus are willing to parts us and increase our housin8 siock accordin CrediliA¥k Ttrje cbarity.'s princTrp.nanClal assets are.bartk baian¢es w)d casb..ttade aryd Oth Te¢eiv¥bles. and iov.estweots. The charity's credit risk is prirnarily attributsble to its trade receivabl&%. The amounts Presented in the baianrx sheet are net of allowances fcr dfxthtfijl reczivab1¢5. kn allowanc¢ fw impaiEment is made where diere is an identified Ios5 cvent which. bascd on prcvlc cxpcrienct. 15 cvidenee of a redu]0 in the re&)verability of the cash t]ow$. The Gr¢dit risk on liquid fvnd5 aDd derivativ¢ fancial in5Inllnts is limited because the counleiparties are banks with hi. Credit-ratin ]gned by intetnatiolla! crll-Tating_aCnCIe$. The chwity has one siwficant concentr10 of credit risk in that five of (xw properfies h4v¢ the 5am¢ landlord. Thereafter exposure is spread over a nutnbu of¢(ApatS and C1S. Page 3
Pan-Asia CommDDity HousiDg TTUStees' Report The annual repc*t was approved by the tnjstres of th¢ dwity (.................... and sign its behatf by.. C T Bourne Tnjstee Page 4
Pan-Asia Community Housin£ Stalement of Trusteu. Responsibilities The trustees (who are also the th"recthts of Pan-Asii Cixnmurnity HCsIng the purposes of company law) are responwble for preparin8 th¢ trnstees, report and the financial staiements in accLYdance with the United KL"ngdorn Accounling Standard5 (United KLngdorn Genenlty Accepted Accwntin8 Practice) and applicablc law and r¢8ulation&. Company law requires the trustees to prepare financial Statements for ¢ath fuwicial year. Undtr tompany law 51 not ap.proves1_[lnaAcl2l_5tarn¢nts un_less thry. are s8ts5fi¢d that they s.ive a true and fair VI. of the state of affatr5 of the charitable company a[ ol its ineomin8 res{1£$ and application of resource includin8 tts incre and expdI¢ for that peri(d. tn weparing th¢s¢ financial statonen4 the tsustees are required to.. sdect suitsble accwnting poliches and apply them Consitty" (l)save the methods and prin¢ipl&% in th¢ Charili&% SORP. make judgements and e]MateS that are reasonknle and pnJdeDt stste whether applicable UK Accwt)tirt8 Standards have beem fdlowe41 wbied to any material departwes disclosed and explained ifft the financial ststonents. and prepare the financiat gatemeDts on the goin8 cctIn b&%is unless it is inappropriate lo presume that the chatitsble company pjill ¢ontinue irt busin¢ts. The trns¢$ are r¢sponsible for keepin8 adequate a¢ting records that ore 5ufficiellt th show and explain the charitsble company's transaGtions and disdose with reasrytable accuracy 8t any time the financial p)sitiOn of the charitable company and enable them to ensure that the financial #attments comply with the Companies Act 2C¥)6. They are a]so responsible for safcguardin8 the asscts of the charitablc cthnpany and htnce for tth'n8 reasonable steps for the preverttion and de¢edion of fraud and other Irregulltie$. Tr. 11. 23 Approved by the trustees of the tharity on.................... aDd signed its bebaif by.. C T Bourne Trust Page 5
Pan-Asia Community Hov$iDg Independent Examiner's Report to the trustees of Pan-Asia Community Rousing I report on the acxounts of the cjwity the ye•r ¢ndrJJ 31 March 2023 which are set out pa8¢5 7 to 15 . Rtspettive responsibilities of ¢S and evminer The bustees (0 are also the directors of the company for the rpo of company law) ar¢ responsible for the preparabon of the accwnls. The tn]stx4 coffisidu that an audit is not requirnj for this year under section 14412) of the Charities Act 2011 (the 2011 ACÉ) and that an independeot examination is needd. Elavirt satisfied myself that the charity 15 not Subject to audit under ¢(J0Y law and is el1 ble for indep.endent examination. it 15 my re5pon5ibility to.. examine the accounts under seclion 145 of the 2011 Ac4 to follow the proc¢dur¢s laid in the 8¢nd Dirtttions Biven by the Clwity Commission under SECtion 145(5)(b) of the 2011 ACL and 10 stat¢ whether pantcular matt£Ts Iwe ccffne to my attgllti. Basis ofindtptndeot examiwer's report My examination was cwied out accordanc¢ with th¢ geneTrl DIr110nS by the Charity Cornmission. An examination includ a review of the accwnting Tecords kq)t by the charity and a cornparison of the accounts presented with those r¢uxds. It a150 IDdudes consideration of any unusual items or dr5closure5 ITr the accoun and 5eekin8 explanatson5 frixn as trus c4Mcemin8 any gjch matters. Th¢ pio¢eduies undertaw. .4.0 not Er¢wde all .tty¢ svidence th1t_w(d be .requisr d. in an au1 wnsequendy no ollinion is given as to whether th¢ 4¢¢(Nmts present a and fair and the report is lirnit¢d to those matws set out in th¢ S¢atNn¢ni bdow IndependtDt tJaminer's Stement In connection wth my cxamination, no mattes has ¢0 my attth1'. (J) which V¢S me reasonable cause tobelieve in arty Materi re¥Jectthe TequiremeDts.' . to keep aC¢Wntsng records in accordance with seL#ion 386 of the C(Nnpaw¢5 Ad 2(. and . to piepart ac&Junts which aC4d with the accwnting re(ordK Cfynply with the actojnting requirements of sedion 396 of the Companies Act 2006 and the meth(Mts and principles of the Ststement of R0MMended Practice". Accnting and Rwxting by CTrwities &4v¢ notb¢¢D or (2) to which. in my opinion. attention Sh(dd be drawn in ord¢r to Mable a undtSStandin8 of the acccwits to be readjed. DRDixieFCA Dixie Associates 167 Black Haynes Road Sdly Oak j.rypi.tD8IJ4 B29 4RB Pa8e 6
PaD•Asi• Community Housin£ Statement of Financial Activities for the Year EDded 31 March 2023 (IDcludillg Income and Expenditure Account and Stgtement of Tot21 Reco ised Gains 8nd.sSes) Unrutric¢ed funds Totxi 2D23 N•ie Income Endowments from: Donations and legacies Charitsble activities Investment income 24,750 3.803 24,750 3.803 Total Income 28.558 28.558 Chantable activities 32.73 (32,736) Total EXnlure 31736 32,736 Net exp¢nditure Net movement fiJt)ds 4.178 (4.178) (4.178) RetonciliatioTh of funds Total funds brjtht fc(ward 1586 2.586 Total fimds curled fonvard 592 UDrutric¢td Totsl 2022 N•¢e tnttsme and Ethdowmtmts from: Donations and legacies Charitable activiti¢S Investment income 24.750 11755 24.750 12,755 Total Incom¢ 37.506 Expenditurt on: Charitable activttses 31602 1602 Total Expenditure Net income 31602 32,602 4.904 4.904 Net movemeni irt th#ds 4.904 Recontiliation of funds Totsi fimds biought fmvard Total funds Ganied forward (1318) 1318 2,586 2.586 All of th¢ tharity'5 activitses derive fr[ continuing op¢r4ticw durin8 th¢ above two perids. The funds breakdo for 2022 is Sho in note I l. Page 7
Pan-Asia Community Housing (RegistratiOD number. 06778302) Balance Sbeet as at 31 Mreh 2023 Z023 2022 N•t¢ C¥rremt assets Cath at bank and in hand 2.097 7.095 Creditors: Amounts falli8 dwewiihln one yur Ntt Oibilitiuyassets 10 (3.689 (4.509 2.S86 1.592 Funds of tbe tharity: UDrestricted income fttnds Unrestrithd funds 1.592 2,586 Total funds 1.592 2.586 Foi the financial year ending 31 March 2023 the charity was entided eXptIon fr(n audit under section 477 of the Companies Act 2006 rdatino to all cornpanies. Directis' responsibilities.. Tile members have not required the clwity to (knain an audit of its allts fw the year in question in accordamrx with 5Ktion 476" and Th¢ dir¢rtor$ acknowled8¢ th¢ir wport$ibrlities for ¢wsAyin8 with rhe requirements of the Ad with r¢5pect io accounting records and the preparation of ats. These aoc(Amts hav¢ bexn prepared in with th¢ wovi5ityS 4ylicabl¢ to wnpanies subject to the small cornpani¢s rwme. The finan statements on page5 7 to 15 wu¢ approved by the ttustees. and auth(Kised for issue on . 8nd 5i8ned on their bTrh4lf by". C T Bourne Tnte¢ Pa8e 8
Pan-A$ia Community Housing Notes to the Financial Ststements for the Year Ended 31 Marth 2023 I Charity staths The charity is a tharity limited by guarantee and Consequetty dS not have share capital. Eath of the tnistees is Liabl¢ to ¢ontrLbute an amount not exceeding £1 toward5 the assets of the charity in the event of liquidation. 2 Accounting poli¢i¢s Summary of $ignifJ¢an¢ AccoutIng policies k¢y •¢tImg estithates The principa] aKouDting rdicies applied in the preparation of these financial statements ar¢ s¢t rALt bdow. .&ss pOji1 bav& bsgi c.¢1•Y appjjed w,aJJ ffjÉyÉars Bres&n. JwiE55 I¥W.ry'gf $4.tsd Stsiernen( of t•mplibtt The finanaal statements have been prepared in c£ordance with Acmjnting and Reporting by Charities.. Ststement of Recommended Practice applicable charities preparing their a¢ctyJnts in aCCdanCe with the Financial ReptKtsn8 Stsndard applicable in the UK and Rwblic of Ireland (FRS 1021 (effective l January Ireland (FRS 102) and the Companies Aci 2[x. Basis of preparatioo Pan-Asi4 Communfftty H(Sing me&S the d&iniiion of a wblic knefii pjrtity undet FRS 102. Assets aDd liabiliti&% are initially Tecognised at historical cost or tsXTwactirn value unlw otherwise ststed in the rdevant accojnting policy notes. Going conttrn The tryste¢s GI&1der that thu¢ are UDWtaintscs abthst th¢ rharity5 ability to continue as a goin8 concern. It has been d¢cid¢d that the lthg-tenn futyt¢ of the OKBartisation is best secwoj by the merger with an(rtber thwity. Thi5 merger is planned to take place in the next financial year. Exemptiwi from preparillg a c•5h Iloiv 5tAtemenl The chartty opted to early adopt Butletin I publishd 2 F¢bnwy 2016 and have thenftye not induded a cash flow ststement in these finala1 ststemuts. Income endowmtDts All income LS recognised once the chtty-haS entidement to the incom¢ it is probable that the inc¢ will be received and the amwnt of th¢ ince receivable can be mEdred reliably. Where services or facilities are provided to the tharity as a d(Mation that would nonnally be purchased from Jr supRlier% thL"s contribution is included in th¢ financial atrm¢nts at an esirTna based (XL the vue of the contribution to the Gharity where this can be quanlified. Inveslmenl incow Dividends are recwi5ed (MCL th¢ th"vidthd has been deded and notification has been rec¢ived of th¢ dividthd due. Page 9
P8D-Asia ComwJnity Housing Notfs to the Financial Statements for tbe Year Ended 31 March 2023 ptnditure l expenth.turr is recogsed cthce there AS a legal or CLYAStructive (d)li8ation to that exptnth"kn, it is probable setti¢Tnent is required and the amtyjrrt can b¢ measured reliably. costs are allrKated to the applicable expendiDJre headints that a88regatr similar costs to that category. Wher¢ costs cannot be direcdy attributed to .p,articular headit)gs have been al]cted LKI a basis con5tstent with thE use of resources. with cetrai staff c4sts allated rn the basis of time spenl and depreciation ch-ar8e5 alliKate41 on-the portion oEle a55et's use. Other support ¢05ts are allocated based on tht spread of Staff costs. Chw¥¢able acliiilms Charitable expendittkre cornpri5e5 those ¢05ts inojrred by th¢ clwity in the delivery of its acttvities and 5eryices f.gr j.ls b$n$fviiTiV. ItJÉ ).cludss b.oth.cW thai.w b{ 4U.!Kated diEscd.y . such wviti¥ 3n.4 Ihgss oqs.ty of.4D indirect nawre nectssary io supwort them. Govttnanct costs These include the costs llributsble to the ChIty'S corrtpliance wkth coDstitytional and slaluw requiremen incluth.ng audii strategic manaB&ntnt and trustr&s' mtain8s and reimbursAI exp5. Txtio The tharity is consid¢r¢d to pass th¢ tests set (w¢ in Para8raph I Schedule 6 of the Fnanc£ Aci 2010 and theref¢ it meets the defjnition of a charltable cKxnpany for UX corporation tax purpow. Acwr(bn8iy, th¢ ¢harity is potentially exempt from taxati in respert of inu)me C capital 8aLns received within categories covered by Chapter 3 Part I l of th¢ corporati Tax Act 2010 Settion 256 of the Tuatiul of Chargeable Gains AGt 1992, to th¢ extent that InCe or gain5 are applied exdusivdy to chayitsble purpose5. Deprttiation 4nd amort¥ation Depreciation is provided on anble fixeAJ assets so as to wite off th¢ or v41uali(xi, 1¢5$ any e&irnated re5idu81 vaiuq over th¢ir expected useful econL¥lliC life as fotlows." Asset ¢1¥$ Office equipment Furriwre and fittiTh8S DtEre£iation mtthod and rate 25•/0 straight line basis Strai8ht line basi$ Research and dtvelopmtftt Research and development expendityre 15 Wfittuj off as inaumi. Cash and cash equtvalents Cash and cath equivalents ccxnprise cath on hand and call deposit4 and crther shixt-ternl hi8hiy liquid investments that are readily WLVffiible to a known arn(t of cash and are subject to an insi8nificftt risk of thanse in value. FuDd struftsTe Unre5trided inc(Mne fidS are genenl fimds that are available fLY use at the trUSttt< dis¢0 in fiuthexance of the objtttives of the thatity. Page 10
Pan-Asia Community Housing Notes to the Financial Stslements for the Year Ended 31 Mareh 2023 FinanciAI IM$¢rments Cl4s$ifi¢alioh Financial ats and financial liabilÉties are Tecwised the tharity be¢omLs a pw to the contractyai provisions of the inslrumult Financial- liabilittes and equity instnuncnts are classifjed accuding to the substance of the contracwaE arrangements entered into. An equity instrument is any contract that evidencts a residual intuest in the assets of th¢ tharity after dedudinB all of its liabilitits. Recognilion dndmeas4renr All fipartcial assets and liabilitiss are initsajly mcasurcd at trznsaction Er_ice£induding transaction c05ts). ¢xcg)t iiiose financial assets classified as ar fair value thrw8h profit or I(. whicth are initially m¢a5ur¢d at fair Ye {which is ncrnally the transaction pri(¢ ¢xdudin8 trdnsaaion costs), uTrtess the arrangement constitutes a financing transactsca. If an arrangement conststhtes a financing transaction. the financial agstt or financial liability is measured at th¢ present valu¢ of the paym(ts disc(Ated at a market rate of intEt&%t for a similar debi in5tnunent. Financial assets and liabilities are onty offset in the statement offinafjcial position whry only when there exists a lega]ly enforceable ri8hi to set off the reco8nised amLKwts th¢ chlty intends either to Settle on b&si4 or io realise the &ssd and settle the liability 5iMuttsD¢Thy. Financi a&8ets are derecogrtised vthe and cdy when a) the contsadual rits to the Gqsh flow5 from the financial asset expire or are 5ettlrf b) the charity transfer$ to another party substsntially of the risks and rewards of mership of the financial asse( or c) the chatity. despite having relained sorne, but not all, significant risks and rewards of own¢rship. h¥ transftsYe41 contrd of the asset to an(ther party. Financial liabilities are dereco8nised cdy vthcn the &+ligaticffi sFec4fied in the ccffltracl is disched. canctll expires. Foir vdme measxre•nenl The best evidence of fair vaiue is a quot¢d priG¢ an id¢ntical a&set in an active market. When quod pric¢s are unavailable. the price of a recent transaction for an identical &%set provides evidence of fair value a5 1(NL8 38 there has not been a sigmficant change in tconotnic Circurnstsnces a significant lapse of time since the transathion took place. If the market is not active and reccni transactions of an Identi asset on le1r ovm are no¢ a good ¢51irn4t¢ of fail valu4 the fairvatuc is estimatrd by using a valuatiryl tr¢hnique. 3 Income from donations leycie5 il•re¥tsicled Total TotAi Donated suvices and facilities 24.750 24.750 24,750 24.750 24.750
PaD-Asia Community Housing Notes to the Financial Statements for the Year Ended 31 March 2023 4 Income from chari14blt activities iJnrairidtd Total Total Gtntt Propety malgement Propety management fee5 were e4rnul on refit income of £84.163 (2022 - £85.012): the a550ciated rent paid was £80.360 (2021- £72.257) Page 12
Pan-Asia Community Housing Notes to the Fin2nci21 Slatemellts for Ibe Year Endal 31 March 2023 S Expenditure on ¢hari¢able ¢livi¢icJ Umrestricted f•1 Total Tolal Notr Office rcni light and htat Te]ephon< cornputer srthvare. and stationery Management dlarges Travel and sub5jStence Bank charges Governance costs 6.116 6.116 6.120 675 24,000 675 553 24,Q 24.OLKI 74 1.271 74 1,271 32.736 736 103 1.226 32.602 Analy51$ of goverllance support tosts Gtsvttnntt ttssts Ullrtttrided funds Totsl 2022 General 2023 depettdent examiner fees Examination of the fitwicial Sellts L£8aJ fee5 600 671 671 626 1.271 1.226 Page 13
Pan•Asia Community Housing Notes to the FinaDcial Ststements for the Year Ended 31 March 2023 7 Truslees rernuDeratioll And upeDseS Lkning the year the charity made the following Iransaction5 with tsustees.. C T Bourne £6.000 (2022.. £6,Tr)01 of expense_s were rtimbursed to C T B6jJrne dun',ng the year for rent of office yemises. No tru5t¢¢& nor any persons conneGt¢d with them. have received any remunerdtiott from the charity during the year. No tsuCeS h¥ve rettived any othu benefits fr(rfn the charity &uinB the year. The arn(At expenses waived by the trwstee5 duiing the year trAalltd £24.750 (2022- £24.750). 8 lThdependut exami4er's remuKeratro 2023 2022 Exajnination of the fjnancial statrments 600 9 Tuatio The charity is a re8istrTtd charity and is therrfore exempt from ttKation. l• Crediturs: m••tsts fxlling due Ivithin one yer 2023 2022 Other loans Other creditor5 Accrnals 3.499 190 3,634 695 Iso 4.509 Pa8e 14
PaD-Asia Community Housing Notes to the FiDanual Statements for the Year EDded 31 March 2023 11 Fynds Resour¢eJ txpendtd Balance A131 Marth 21123 Apra 2022 rtsomrces Unrestricted Cunds General 2.586 1.592 jxtothipg restsreeS Ruovrces expended B8lnce t 31 Mthrch 21122 Aprd 2021 ilnrtstrifted funds General 2.318 32.602 2.586 12 Analysis of net *sstts belween fumds UNrestricted fuDds Gener•1 Totsl lunds rnt Jssets CwTent liabilities 2.D97 {3,689 2m7 3.689 Totsl net a55¢ts 592 1.592 13 Analysis of net funds At 31 March 21123 At l Aya 2022 Ch Ilow Cash at bank and in hand 7.095 (4.998) 2.097 Net debi (4,998) 2.097 Page 15