2022-12-31-accounts

Trustees’ Annual Report for the period

From 1/1/2022 Period start date To 31/12/2022 Period end date

Charity name: Friends of Mangochi Orphans Education (FOMOE)

Charity registration number: 1137984

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the education, relieve poverty and sickness and enhance the preservation and protection of good health of vulnerable and orphaned children in Malawi; in particular by helping to fund a school known as Mangochi Orphans Education and Training.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	FOMOE’s focus continues to be raising funds for MOET school – a primary school for orphan children supporting the communities in the Mangochi district in Malawi. FOMOE finds sponsors for MOET students with the necessary grades to attend secondary school and seeks funding for exceptional pupils to go into tertiary education. At MOET, class sizes are small to enable focused pastoral care and meetings are often held with guardians regarding the children’s progress. A meal is provided every day at break time as the children are from extremely poor backgrounds, this may be their only meal. Lunch is provided once a week, when clubs and activities are held in the afternoon. In their last year (Standard 8) children board at MOET school to focus on their studies. A boarding house was built to accommodate them. The school also strives to anticipate hunger problems by building food reserves and will provide extra meals to children during famine crises. During dire famine it also helps in local communities with food aid.

		Life skills – eg computer studies, cooking, carpentry, tinsmith, tailoring, sewing and building to encourage self-reliance when they leave school especially for those not going to secondary school. Sustainable organic, permaculture, tree planting and medicinal gardening to promote food self-sufficiency, improve diet and use of medicinal plants. In season produce from garden and kitchen sold locally and at a roadside stall. ANAMED – Action for Natural Medicine – using plants for natural medicines. Irrigation project to extend crop seasons and fishponds to help diet and sell locally. HIV/AIDS (EDZI TOTO program) and Malaria awareness programmes covering all aspects including diet and health. Sports promoting team activities – football, netball and basketball with matches against other schools. Village outreach project – trained staff from MOET school work with local village committees and schools to promote sustainable organic and permaculture techniques to grow food, shelter and medicinal plants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	All trustees have read the guidance issued by the Charities Commission on Public Benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	In 2022 FOMOE raised £47,267 (£46,016 in 2021) with the help of many people young and old undertaking a huge variety of fundraising activities. As always, we are very grateful to those generous enough to give via recurring payments, whether on annual or monthly basis. MOET school continues to achieve excellent selection rates to allow its pupils to continue to secondary school. This year MOET was able to find sponsors for nine former MOET pupils to go into Tertiary education, and 33 to secondary school. Part of MOET’s education programme provides pupils with vocational skills, should they not continue their studies at secondary school. Tailoring, welding, computer, and cooking workshops take place in the afternoon once academic classes have finished. FOMOE has provided the tailoring and welding centres with additional capital so they will be able to generate income through the sales of door and window frames and school uniforms.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Total income was £47,267 and total expenses were £43,859. Therefore, the total balance on reserves increased from £22,354 in 2021 to £25,762 in 2022.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held in GBP due to the volatility of the Malawi currency. Reserves are held due to donations from sponsors being held and passed on to the school in line with the budget. Donations received specifically for children going through the school are paid over each quarter as part of the aid package sent to MOET.
Amount of reserves held	Para 1.22	Restricted reserves for the construction of the secondary school amount £16,524, and restricted reserves for secondary and tertiary education are £5,051. Unrestricted reserves are £4,187.
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There is currently no uncertainty about the charity’s ability to continue as a going concern. FOMOE functions on minimal running costs and owns no property nor has it any ongoing commitments; neither of a financial nor contractual nature.

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:		One Trust
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Simple Trust not incorporated
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Voted in by trustees at an Extraordinary meeting

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Friends of Mangochi Orphans Education
Other name the charity uses	FOMOE
Registered charity number	1137984
Charity’s principal address	63 Spirit Quay London E1W 2UT

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	T R Clarke	Chair	Till 21/07/2019
	James Brittain	SecondarySchools	From 8/03/2017
	Maria Dieguez	Chair/Treasurer	From 21/4/2018
	Sanchia Thompson	Legal	Till 8/01/2020
	Johannes Lau	Volunteers	From 8/12/2018
	Grahame Wood	Treasurer	Till 21/4/2018
	Grahame Wood	Trustee	From 22/4/2018 to 8/12/2018
	Kate Bernard	Volunteers	Till 8/12/2018
	Judith Cramp	Admin	26/8/2018 to 5/12/2018
	Mr B Kelly	Marketing	Till 31/05/2018
	Aimee Johanna Coelho	Marketing	Till 17/01/2020
	AmyWarner	Fundraising	From 21/04/2019
	Joseph Marris	Strategy	From 2/10/2019 to 15/12/2021
	America Bernal	Marketing	From 21/06/2023

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Maria Jose Dieguez Rodriguez Position (eg Secretary, Chair, etc) Chair and financial trustee Date 29 October 2023

Friends of Mangochi Orphans Education

Annual Report and Financial Statements Year Ended 31 December 2022 Charity registration number: 1137984

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Friends of Mangochi Orphans Education

Contents of the Financial Statements

For the Year Ended 31 December 2022

Trustees' Report (including Reference and Administrative Details)	3
Statement of Trustees' Responsibilities	7
Independent Examiner's Report	8
Statement of Financial Activities	9
Balance Sheet	10
Notes to the Financial Statements	11

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Friends of Mangochi Orphans Education

Trustees' Report

Reference and Administrative Details

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2022.

Trustees

James Brittain

Maria Dieguez Johannes Lau Amy Warner America Bernal (appointed 21 June 2023)

Principal Office

63 Spirit Quay E1W 2UT London

Charity Registration Number

1137984

Independent Examiner

D C Besser ACA

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Friends of Mangochi Orphans Education

Trustees' Report

Objectives and activities for the public benefit

The purpose of the charity is to advance the education, relieve poverty and sickness and enhance the preservation and protection of vulnerable and orphaned children in Malawi; in particular by helping to fund a school known as Mangochi Orphans Education and Training (“MOET”), located in Mangochi, Malawi.

Public benefit

The Charities Act 2011 introduced the requirement for charities to show they provide a public benefit. The trustees have periodically reviewed the goals, services and objectives of the charity in light of this requirement. This trustees' annual report clearly evidences how the charity strives to meet that need.

Friends of Mangochi Orphans Education (“FOMOE”) continues to focus on raising funds for MOET, a primary school for orphan children supporting communities in the Mangochi district in Malawi. Additionally, FOMOE finds sponsors for MOET pupils with the necessary grades to attend secondary school and seeks funding for exceptional pupils to continue onward to tertiary education.

At MOET, class sizes are small enough to enable focused pastoral care and meetings are often held with guardians regarding the children’s progress. A meal is provided every day at break time as the children are from extremely poor backgrounds; this may be their only meal. Lunch is provided once a week, whereupon clubs and activities are held in the afternoon. In their last year (‘Standard 8’) children board at MOET school to focus on their studies. A boarding house was built to accommodate them with the support of FOMOE. The school also strives to anticipate hunger problems by building food reserves and will provide extra meals to children during famine crises. During dire famine it also helps in local communities with food aid.

The trustees thus confirm that they have complied, in full, with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance as published by the Charity Commission for England and Wales.

Achievements and performance

In 2022, FOMOE raised £47,267 (2021: £46,016) with the help of many people of all ages undertaking a variety of fundraising activities. As always, we are very grateful to those generous enough to give via recurring payments, whether on a monthly or annual basis.

At MOET school

MOET carries on with its academy success. Out of all the 334 Primary School pupils, 289 passed; a pass rate of 86%. In addition, MOET continues to achieve excellent selection rates to allow its pupils to continue to secondary school. FOMOE found sponsors for 33 former MOET students to go to secondary education and nine to go into tertiary education.

Part of MOET’s education programme provides pupils with vocational skills, should they not continue their studies at secondary school. Tailoring, welding, computer, and cooking workshops take place in the afternoon once academic classes have finished. FOMOE funded the tailoring and welding centres with additional capital so that they are able to generate income through the sale of door and window frames and school uniforms.

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Friends of Mangochi Orphans Education

Trustees' Report (continued)

MOET does not only teach learners academics skills, but also imparts them with codes of conduct and ethics, hence they are expected to behave well as they are part MOET. This ensures that learners are well mannered at school. In addition, student counseling typically happens once per term.

In an effort to ensure that at least everyone at MOET, both staff members and students, are physically fit, sporting activities are organized weekly in addition to an annual sports day. The grand sporting day took place in June 2022 having been postponed for two years due to COVID 19 pandemic restrictions.

MOET students perform various activities upon every end of term. They displayed some of the skills acquired throughout the months such as their achievements in drama, poetry and music. Students expressed themselves in English fluently, which is an indication of a more improved education quality at MOET.

MOET has a passion for not only sustaining its operation of education institutions such as elementary and Primary Education but also for maintaining its quality of education by improving teaching standards. To achieve this, teachers underwent a series of training courses on Special Needs Education (SNE) and on Formulation and Marking of Examinations Training in February 2022.

Vocation skills

MOET learners undergo extra-curricular accomplishments after normal classes in order to cultivate their potential skills including; painting, drawing, cooking, welding and computer operation.

As one way of raising its funds, MOET produces goods locally and sells them to people in the community. Learners are trained to process raw materials found in the local environment in order to make food, medicine and other products. Such products are also sold to increase MOET’s revenues.

Permaculture

MOET is an institution which follows principals of permaculture. Permaculture principles are recommended in ensuring sustainable conservation and utilization of forest, soil and water resources. These are critical in sustaining livelihood especially to people in rural areas. To make sure that every member of staff is conversant with the principle and is supportive to the interventions at the institution, training was organized for members of staff as well as the surrounding communities. These courses were conducted for two weeks in May 2022. In addition, water and waste management and farming were emphasized.

The Sustainable Livelihood for All (SULIA), a local organization that implements activities to support people living sustainably, decided to support MOET having seen potential synergies between the two organizations. This support included training to parents and guardians of pupils within its catchment area. The training was for a week and a total of 20 households participated.

Financial Review

In 2022, total incoming resources were £47,267 (2021: £46,016), derived from donations. Total expenditure for 2022 was £43,859 (2021: £49,257). Therefore, the total balance on reserves increased from £22,354 in 2021 to £25,762 in 2022.

Reserves are held in pounds sterling due to the volatility of the Malawi currency. Reserves are held due to donations from sponsors being held and passed on to the school in line with the budget. Donations received specifically for children going through the school are paid over each quarter as part of the aid package sent to MOET.

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As at 31 December 2022, restricted reserves were £21,575 (31 December 2021: £22,006). The amount held in restricted reserves in relation to construction of the secondary school amounted to £16,524 as at 31 December 2022 (2021: £16,524). The amount held in restricted reserves in relation to sponsorship of secondary and tertiary education was £5,051 (2021: £5,482) as at 31 December 2022. As at 31 December 2022, unrestricted reserves were £4,187 (31 December 2021: £348).

Going concern

There is currently no uncertainty about the charity’s ability to continue as a going concern. FOMOE functions on minimal running costs and owns no property nor has it any ongoing commitments; neither of a financial nor contractual nature.

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Friends of Mangochi Orphans Education

Trustees' Report (continued)

Structure, Governance and management

The Friends of Mangochi Orphans Education is a charity established and governed by a Trust Deed dated 23 May 2010. It registered with the Charity Commission on 14 September 2010. The charity is an unincorporated charity whose business is conducted and managed by its committee of trustees. New trustees are voted in by way of members’ vote.

Statement of Trustees' Responsibilities

The charity trustees are responsible for preparing a Trustees’ Annual Report and financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 29 October 2023 and signed on its behalf by:

.........................................

Ms Maria J. Dieguez Rodriguez Trustee

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Friends of Mangochi Orphans Education

Independent Examiner's Report to the trustees of Friends of Mangochi Orphans Education

I report to the trustees on my examination of the accounts of the Friends of Mangochi Orphans Education for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity's trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act;

• 2 the accounts do not accord with the accounting records; or

• 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

D C Besser ACA

16 Collison Avenue Arkley Herts EN5 3DD

Date: 30 October 2023

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Friends of Mangochi Orphans Education

Statement of Financial Activities

Year Ended 31 December 2022

Note	Unrestricted		Restricted	Total 2022 £ 47,267 (43,859) (43,859) 3,408 - 3,408 22,354 25,762 Total 2021 £ 46,016 (49,257)
	Funds		Funds
	£		£
Income and Endowments from:
Donations and legacies 2	30,369		16,898
Expenditure on;
Charitable activities 3	(26,530)		(17,329)
Total Expenditure	(26,530)		(17,329)
Net (expenditure)/income	3,839		(431)
Gross transfers between funds	-		-
Net movement in funds	3,839		(431)
Reconciliation of funds
Total funds brought forward	348		22,006
Total funds carried forward 7	4,187		21,575
Note Income and Endowments from: Donations and legacies 2 Expenditure on; Charitable activities 3 Total Expenditure Net (expenditure)/income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 7	Unrestricted Funds £ 33,627 (37,255) (37,255) (3,628) - (3,628) 3,976 348		Restricted Funds £ 12,389 (12,002) (12,002) 387 - 387 21,619 22,006
				(49,257)
				(3,241) -
				(3,241) 25,595
				22,354

All of the charity's activities derive from continuing operations during the above two years.

The notes form part of these financial statements.

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Friends of Mangochi Orphans Education

Balance Sheet 31 December 2022

Note Current assets Debtors 6 Cash at bank and in hand Creditors: Amounts falling due within one year Net assets Funds of the charity: Restricted funds Unrestricted income funds Unrestricted funds Total funds 7	2022 £ 9,542 16,220 25,762 - 25,762 21,575 4,187 25,762	2021 £ 4,658 17,696
		22,354 -
		22,354
		22,006 348
		22,354

The notes form part of these financial statements.

The financial statements were approved by the trustees, and authorised for issue on 29 October 2023 and signed on their behalf by:

.........................................

Ms Maria J Dieguez Rodriguez Trustee

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Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2022

1 Accounting policies

Statement of compliance

The financial statements of the charity, which is a public benefit under FRS 102, have been prepared under the historical cost convention in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Friends of Mangochi Orphans Education meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2022

Grant expenditure

Grants payable are payments to third parties in the furtherance of the charitable objectives of the charity. Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Financial instruments

Classification

The charity holds the following financial instruments:

• Short-term other debtors and creditors;

• Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The charity has chosen to apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the charity’s obligations are discharged, expire or are cancelled. Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Judgements and key sources of estimate uncertainty

No key judgments, estimates or assumptions have been identified.

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Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2022

2 Income from donations and legacies

			General		Restricted				Total	Total
					funds				2022	2021
			£		£				£	£
	Donations and legacies;
	Donations from individuals		30,369		16,898				47,267	46,016
			30,369		16,898				47,267	46,016
	3 Expenditure on charitable activities
	Grants Governance costs		Grant funding of activity £ 43,839 20 43,859		Total 2022 £ 43,839 20 43,859				Total 2021 £ 49,237 20 49,257

In 2022, £26,510 (2021 - £37,235) of the above expenditure was attributable to unrestricted funds and £17,329 (2021 - £12,002) to restricted funds.

All grants payable are made to the school in Mangochi to support children through primary, secondary

and tertiary education.

Contained within Governance costs are £20 bank fees (2021: £20), £Nil consultancy fees (2021: £Nil) and £Nil Independent examiner’s fee (2021: £Nil).

4 Trustees’ remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

No other disclosable related party transactions took place in the year.

5 Taxation

The charity is a registered charity and is therefore exempt from taxation.

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Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2022

6 Debtors

	2022	2021
	£	£
Other debtors	9,542	4,658

7 Funds

Balance at 1 January 2022 £	Balance at 1 January 2022 £	Balance at 1 January 2022 £							Balance at
			Incoming		Resources				31 December
			resources		expended		Transfers		2022
			£		£		£		£
Unrestricted funds
General	(348) (22,006) (22,354)		(30,369) (16,898) (47,267)		26,530 17,329 , 43,859		- - -		(4,187) (21,575)
Restricted funds
Total funds									(25,762)

8 Analysis of net assets between funds

As at 31 December 2022

	Unrestricted		Restricted
	general funds		funds		Total funds
	£		£		£
Current assets	4,187		21,575		25,762
Current liabilities	-		-		-
Total net assets	4,187		21,575		25,762

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