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2025-04-30-accounts

DAYBREAKS TRUST

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS for the year ended 30 April 2025

Registered Charity number: 1142270 (England & Wales)

DAYBREAKS TRUST

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

CONTENTS
Pages
Administrative information 1
Trustees’ report including statement of Trustees’ responsibilities 2 – 5
Independent examiners’ report 6
Statement of financial activities
(including summary of income & expenditure account) 7
Balance sheet 8
Notes to the financial statements 9 – 17

DAYBREAKS TRUST ADMINISTRATIVE INFORMATION

Trustees:
A Scholey
R Woolmington
R Plackowski
J Fryer
B Sambrook
A Arrowsmith
C Locke
Registered office: Daybreaks Kennels
10 Coventry Road
Elmdon
Birmingham
B26 3QS
Bankers: Barclays Bank UK PLC
Leicester
LE87 2BB
Solicitors The Wilkes Partnership LLP
41 Church Street
Birmingham
B3 2RT
Accountants: Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
B44 8LS
Registered Charity number: 1142270 (England & Wales)
Enquiries Daybreaks Kennels
10 Coventry Road
Elmdon
Birmingham
B26 3QS

Page 1

DAYBREAKS TRUST TRUSTEES’ REPORT

The Trustees present their report and the unaudited financial statements for the year ended 30 April 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Daybreaks Trust (“the Charity”).

NATURE OF THE GOVERNING INSTRUMENT

The Trust was established under a Declaration of Trust dated 16 April 2011 as last amended on 6 July 2025. The Trust registered as a Charity (registered Charity number 1142270) on 6 June 2011.

TRUSTEES

The Trustees who held office during the year were as follows:

Catherine Locke – Chairperson (appointed 12 May 2024) Richard Woolmington Rosemary Plackowski Angela Scholey Jenni Fryer (appointed 12 May 2024) Ben Sambrook (appointed 12 May 2024) Aubrey Arrowsmith (appointed 23 October 2024) Maud O’Brian (appointed 23 June 2024, resigned 29 September 2024) Ian Blaynee (resigned 4 July 2024)

Angie Scholey, Rosie Plackowski and Richard Woolmington were all re-elected to serve as Trustees for a further 3 years

As the Charity becomes aware of individuals with an interest in the Charity’s activities, or where it is perceived that a Trustee can complement the skills held by current Trustees, they put in place a plan to train them.

PRINCIPAL ACTIVITY

The object of the Trust is to apply the income of the Charity in furthering the following objects:

PUBLIC BENEFIT

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities and setting the grant making policy for the year.

Page 2

DAYBREAKS TRUST TRUSTEES’ REPORT (CONTINUED)

OVERVIEW OF THE YEAR

This has been a year of change with two valuable and long-standing senior members of staff leaving, a number of new recruits joining and the strengthening of the Board of Trustees with four new appointments. Despite all of these changes, the dedicated team demonstrated a strong commitment to the Charity, and the greyhounds it supports, and delivered a positive contribution to unrestricted reserves for the first time in a number of years.

Staff

We said goodbye at the end of August 2024 to Ruth Price, Manager and Founder of Daybreaks Trust 18 years ago. We also said goodbye to Jo Vaughan (Assistant Manager) in September 2024. We welcomed Luci Foulkes as the new Manager in May 2024 and 3 new casual kennel hands in November 2024.

Events

We hosted a number of events at the kennels:

We also welcomed a team from DHL for a day’s corporate volunteering with thanks.

Dogs

We successfully rehomed 68 greyhounds during the year whilst choosing to accept 15 returnees.

We also helped support two long-term fosters during this period:

Infrastructure

The Charity is still awaiting the settlement of our landlord and friend, Bob Shannon’s estate, who died in June 2023. We continue to operate with security under the terms of the prevailing lease agreement.

We have developed a new website to improve information flow and contact with the public. We have also improved our IT infrastructure to make the day-to-day operations of the kennels, reporting and governance more efficient.

Other

In February 2025, we were one of the thankful beneficiaries of a Pets at Home ‘give away’ of damaged or returned food stock for the benefit of our kennel greyhounds.

Page 3

DAYBREAKS TRUST

TRUSTEES’ REPORT (CONTINUED)

FINANCIAL REVIEW

The results for the year and financial position of the Charity are shown in the Statement of Financial Activities on page 7 and Balance Sheet on page 8.

The gross income of the Charity for the year ended 30 April 2025 amounted to £193,477 (2024: £225,676). Direct Charitable expenditure in the form of the day-to-day running of a greyhound kennels totalled £175,956 (2024: £220,339), fundraising costs of £18,008 (2024: £11,127) and governance costs of £2,100 (2024: £2,100). This resulted in a balance of net expenditure of £2,587 (2024: £7,890 net expenditure) deducted from reserves.

RESERVES POLICY

At 30 April 2025, the Charity held reserves of £100,902 (2024: £103,489). This was split between restricted funds held for specific restricted purposes of £24,163 (2024: £27,948) and unrestricted funds of £76,739 (2024: £75,541).

The annual unrestricted expenditure for the year for the on-going charitable activities before any exceptional costs was £172,171 (2024: £207,078). The unrestricted cash reserves, therefore, represent approximately 5 months (2024: 4 months) of annual expenditure. The Trustees consider, given their experience following the Covid crisis where there could be no greyhound rehoming or fundraising for a number of months, and the following cost of living crisis, these reserves are below the levels that the Charity requires. They will look to increase the reserves to a minimum of 12 months over the medium term. Reserves are necessary because:

PLANS FOR FUTURE PERIODS

The Trustees intend to continue to develop and improve the kennels at their site in Elmdon.

The rescue, rehabilitation and rehoming of greyhounds registered with the Greyhound Board of Great Britan continues to be challenging with the key uncertainty facing the Charity from the impact of the economic pressures on household disposable income due to continued economic inflationary factors arising from local economic uncertainty and global conflicts. The continued cost of living crisis has resulted in less disposable income for households which in turn has reduced demand to adopt a greyhound. Equally, the increase in inflation has impacted fuel and food prices increasing the costs incurred by the Charity and the Charity’s employees and volunteers.

Page 4

DAYBREAKS TRUST

TRUSTEES’ REPORT (CONTINUED)

TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice).

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 the resources of the Charity for that year. In preparing these financial statements, the Trustees are required to:

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 Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They 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.

STATEMENT OF DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER

We, the Trustees of the Charity who held office at the date of approval of these financial statements, as set out above, each confirm so far as we are aware, that:

Approved by the Trustees on 23 February 2026 and signed on its behalf by:

……………………………………………….

C Locke Trustee

Page 5

REPORT OF THE INDEPENDENT EXAMINER

TO THE TRUSTEES OF DAYBREAKS TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DAYBREAKS TRUST

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 30 April 2025, which are set out on pages 7 to 17.

RESPONSIBILITIES AND BASIS OF THE REPORT

As the Charity’s Trustees 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 Charity’s accounts carried out under section 145 of the 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:

I have no concerns and have come across no 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.

Peter Whitehead FCA Malcolm Piper & Company Limited Chartered Accountants Date: 23 February 2026

Kingsnorth House Blenheim Way Birmingham B44 8LS

Page 6

DAYBREAKS TRUST

STATEMENT OF FINANCIAL ACTIVITIES (Including summary of income and expenditure account)

AS AT 30 APRIL 2025

Note
Income
Donations and
legacies
2
Charitable
activities
3
Other trading
activities
4
Investments
5
Other Income
6
Total income
Expenditure on:
Raising funds
Direct charitable
activities
Governance costs
Total
expenditure
9
Net (deficit) /
surplus and Net
movement in
funds
Total funds
brought forward
at 1 May 2024
Total funds
carried forward
At 30 April 2025
14		 Unrestricted
fund
£
Restricted
fund
£
2025
Total
£
Unrestricted
fund
£
Restricted
fund
£
2024
Total
£
94,435
-
94,435
110,069
261
110,330
61,649
-
61,649
66,599
-
66,599
30,102
-
30,102
42,374
-
42,374
1,361
-
1,361
1,649
-
1,649
5,930
-
5,930
4,724
-
4,724
193,477
-
193,477
225,415
261
225,676
(18,008)
-
(18,008)
(11,127)
-
(11,127)
(172,171)
(3,785)
(175,956)
(220,053)
(286)
(220,339)
(2,100)
-
(2,100)
(2,100)
-
(2,100)
(192,279)
(3,785)
(196,064)
(233,280)
(286)
(233,566)
1,198
(3,785)
(2,587)
(7,865)
(25)
(7,890)
75,541
27,948
103,489
83,406
27,973
111,379
76,739
24,163
100,902
75,541
27,948
103,489

All gains and losses recognised in the year are included above.

These unaudited financial statements have been subject to Independent Examination. See report on page 6.

The notes on pages 9 to 17 form part of the financial statements.

Page 7

DAYBREAKS TRUST
BALANCE SHEET
AS AT 30 APRIL 2025
Note
Fixed assets
Tangible assets
10
Current assets:
Stock
11
Debtors
12
Cash at bank and in hand
Creditors: Amounts falling due within one year
13
Net current assets
Net assets
Charity Funds
Unrestricted fund
14
Restricted fund
14
Total Charity Funds		 2025
£
7,944
3,454
8,552
94,868
106,874
(13,916)
92,958
100,902
76,739
24,163
100,902
7,078
1,598
99,622
108,298
(14,901)
93,397
103,489
75,541
27,948
103,489

These financial statements were approved and authorised for issue by the Board on 23 February 2026.

Signed on behalf of the board of Trustees:

……………………………… C Locke - Trustee

………………………………..

A Arrowsmith - Trustee

These unaudited financial statements have been subject to independent examination. See report on page 6.

The notes on pages 9 to 17 form part of the financial statements.

Page 8

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1 ACCOUNTING POLICIES

a. Charity status

The Charity is constituted under a Trust Deed in the United Kingdom and registered with the Charity Commission in England. The address of the principal office is given in the Charity information on page 1 of these financial statements. The nature of the Charity’s operation and principal activities are given on page 2.

b. Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” as applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 (FRS 102) applicable in the United Kingdom and Republic of Ireland and the Charities Act 2011.

The financial statements are prepared on a going concern basis under the historical cost convention.

The Trust, as a small charity, is exempt from the requirements to prepare a Statement of Cash flows.

The presentation currency of the financial statements is the pound sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

c. Fund accounting

Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objective of the Charity and which have not been designed for other purposes.

Designated Funds comprise Unrestricted Funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted Funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements

d. Income recognition

All incoming resources are included in the Statement of Financial Activities “SOFA” when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be quantified with reasonable accuracy and it is probable that the income will be received.

For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS102).

Page 9

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

1 ACCOUNTING POLICIES (Continued)

d. Income recognition (continued)

Gifts in kind donated for resale are not recognised in the financial statements until they are sold, since it is impracticable to establish a fair value of the items due to the volume of low value items. This income is recognised in “Income from other trading activities”.

For legacies, entitlement is the earlier of the Charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasions legacies may be notified to the Charity, however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from Government and other grants are recognised at fair value when the Charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

e. Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

f. Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery 20% to 33% on straight line Motor vehicles 25% on straight line Computer Equipment 25% on straight line

g. Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in first out formula. Provision for damaged, obsolete and slow-moving stock where appropriate.

Donated stocks are not valued until sold as detailed in (d) above.

Page 10

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

1 ACCOUNTING POLICIES (Continued)

h. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

i. Tax

The Charity is exempt from taxation under section 506(1) of the Taxes Act 1988 on the basis that the Trust is recognised as a Charity by the Inland Revenue according to the terms of the Trust Deed dated 16 April 2011.

j. Employee benefits

When employees have rendered services to the Charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The Charity operates a defined contribution pension plan for the benefit of its employees. The assets of the plan are held separately from the Charity in the name of the employee. Contributions are expensed as they become payable.

k. Going concern

The financial statements have been prepared on a going concern basis as the Trustees consider that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

2 INCOME FROM DONATIONS AND LEGACIES

Gifts and donations
Grants		 2025
£
86,434
8,000
94,434		 2024
£
95,030
15,300
110,330

Income from donations and legacies was £94,434 (2024 - £110,300) of which £Nil was attributable to restricted funds (2024 - £261) and £94,434, (2024 – £110,069) was attributable to unrestricted funds.

Page 11

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

3 INCOME FROM CHARITABLE ACTIVITIES

Rehoming of dogs
Sale of dog pampering and nail clipping
Other		 2025
£
50,957
6,997
3,695
61,649		 2024
£
55,033
6,345
5,221
66,599

Income from charitable activities was all attributable to unrestricted funds.

4 INCOME FROM OTHER TRADING ACTIVITIES

Fundraising Events
Shop income		 2025
£
12,081
18,021
30,102		 2024
£
14,311
28,063
42,374

Income from other trading activities was all attributable to unrestricted funds.

5 INCOME FROM INVESTMENTS

2025 2024
£ £
Interest received on deposit bank accounts 1,361 1,649
Income from investments was all attributable to unrestricted funds.

6 OTHER INCOME

Commission
Other income was all attributable to unrestricted funds.		 2025
£
2024
£
5,930
4,724

Page 12

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

7 TRUSTEES’ REMUNERATION

No remuneration has been paid or is payable to the Trustees either directly or indirectly in the current or prior year.

Trustee Indemnity Insurance was included in the Charity’s insurance policy of £1,005 (2024 - £795) incurred by the Charity in respect of all the Trustees and reimbursement of travel expenses, at government approved rates, and reimbursement of the Charity’s costs amounting to £1,502 (2024 - £85) were paid by the Charity in respect of 2 (2024 – 2) Trustees.

8 EMPLOYEES

The average monthly number of employees and full time equivalent “FTE” during the year was as follows:

Raising Funds
Charitable activities
Governance
At 30 April 2025		 2025
Number
2025
FTE
2024
Number
2024
FTE
-
-
-
-
6
6
4
4
-
-
-
-
6
6
4
4

The total staff costs and employees benefits were as follows:

Wages and salaries
Pension contributions		 2025
£
89,889
1,442
91,331		 2024
£
78,317
1,539
79,856

There were no employees who received total employment benefits of more than £60,000 in either year.

Page 13

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

9 ANALYSIS OF EXPENDITURE

Raising funds
Goods for resale
Fundraising expenses
Direct charitable expenditure
Dog care & welfare
Veterinary fees
Rent & rates
Wages and salaries (see note 8)
Insurance
Repairs and maintenance
Stationery & postage
Telephone & communications
Subscriptions
Cleaning & maintenance
Heat & light
Motor and travel
Accountancy
Legal & professional fees
Equipment rent
Staff training
Bank & payment charges
Sundries
Depreciation
Exceptional item – non-refundable deposit
Governance costs
Independent examiners fee
Total Expenditure		 2025
£
15,495
2,513
18,008
6,130
19,763
13,410
91,331
1,513
6,790
1,088
8,073
273
3,178
5,825
2,280
3,900
3,587
95
408
1,721
1,234
5,357
-
175,956
2,100
196,064		 2024
£
10,836
291
11,127
24,552
28,431
14,666
79,856
2,054
17,761
6,384
2,761
85
5,086
5,885
1,576
4,700
2,878
208
-
1,934
2,283
6,264
12,975
220,339
2,100
233,566

Included within expenditure of £196,064 (2024 - £233,566) is restricted fund expenditure of £3,785 (2024 - £286) and unrestricted fund expenditure of £192,279 (2024 - £233,280). The restricted expenditure is in respect of certain funded veterinary fees of £305 (2024 - £60), motor van repairs of £Nil (2024 - £226) and repairs to electric gates £3,480 (2024 – £Nil).

Included within the previous years unrestricted expenditure is an exceptional item in respect of a non-refundable deposit made on a portable office of £Nil (2024 - £12,975) which was cancelled during the year and the deposit forfeited.

Page 14

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

10 TANGIBLE FIXED ASSETS

Cost
At 1 May 2024
Additions
At 30 April 2025
Depreciation
At 1 May 2024
Charge for the year
At 30 April 2025
Net Book Value
At 30 April 2025
At 30 April 2024
11 STOCKS
Finished goods for resale
12 DEBTORS
Prepayments
Other debtors
13 CREDITORS: AMOUNTS FALLING
Trade creditors
Other tax and social security
Other creditors
Accruals		 Computer
equipment
£
Plant &
machinery
£
Motor
vehicles
£
4,046
3,791
15,954
2,052
1,157
-		 Computer
equipment
£
Plant &
machinery
£
Motor
vehicles
£
4,046
3,791
15,954
2,052
1,157
-		 Total
£
23,791
3,209
6,098 4,948
15,954		 27,000
(1,265)
(1,311)		 (3,791)
(8,643)
(58)
(3,988)		 (13,699)
(5,357)
(2,576) (3,849)
(12,631)		 (19,056)
3,522 1,099
3,323		 7,944
2,781 -
7,311		 10,092
2025
£
3,454
2025
£
1,807
6,745
8,552
DUE WITHIN ONE YEAR
2025
£
2,897
1,402
476
9,141
13,916		 2024
£
7,078
2024
£
1,598
-
1,598
2024
£
5,098
206
504
9,093
14,901

Page 15

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

14 FUNDS RECONCILIATION

Unrestricted fund
Total unrestricted funds
Restricted funds
•
Building fund
•
Gate fund
•
Caesar fund
•
Dog lounge
Total restricted funds
Total funds		 At
1 May
2024
£
Income
£
Expenditure
£
Transfer
£
At
30 April 2025
£
75,541
193,477
(192,279)
-
76,739
75,541
193,477
(192,279)
-
76,739
20,939
-
-
-
20,939
5,000
-
(3,480)
-
1,520
305
-
(305)
-
-
1,704
-
-
-
1,704
27,948
-
(3,785)
-
24,163
103,489
193,477
(196,064)
-
100,902

FUNDS DESCRIPTION

Unrestricted funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objective of the Charity and which have not been designed for other purposes.

Restricted funds

Building fund

The building fund has been set up to raise funds specifically for the purchase of land and buildings to house the Charity and its operations and for its general upkeep.

Gate fund

This represents a specific grant received for the purchase, installation and upkeep of gates at the Charity’s headquarters.

Caesar fund

The Caesar fund relates to money raised from fund raising to support a greyhound named “Caesar” and other greyhounds in the Charity’s care with ongoing veterinary fees due to ongoing health issues.

Dog lounge fund

The Charity identified the need to socialise the greyhounds to live in a home environment that may be different from their former life or time being housed in the kennels at Daybreaks. Therefore, a fund has been setup to recreate a home lounge setting to assist the greyhounds in acclimatising to their new “forever home” environment.

Page 16

DAYBREAKS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30 APRIL 2025

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Cash at bank and in hand
Stocks
Other current assets
Trade creditors
Other liabilities		 Unrestricted
funds
£
Restricted
funds
£
Total
£
7,944
-
7,944
70,400
24,468
94,868
3,454
-
3,454
8,552
-
8,552
(2,592)
(305)
(2,897)
(11,019)
-
(11,019)
76,739
24,163
100,902

Page 17