New Beginnings Christian Centre Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2025 Company Registration Number: 07565706 Charity Registration Number: 1142639 Streets. NEW BEGINNINGS CHRISTIAN CENTRE COIIIPAF4Y LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 PAGE Trustees, annual report (incorporating the dire¢to¢s ￿POrt) Independent examinerfs report to the triistees Statsment of financial activities (including income and expenditure accoiint) Statement of finaiicial position Notes to the finat]cial statements IYEI W BEGIIYNINGS CHRISTIAN CENTRE COMPANY LIMITED B Y GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIREcfoR'S REPORT) YEAR E4 NDED 31 MARCH 2025 The trustecs, who are also th¢ directors for the Plirposes of coinpany law. present their report and the iinaudited fjnancial statements of the Charity for the year ended 31 March 2025. REFERENCE AND ADMIMSTRATIVE DETAILS Registered ebarity njime New B¢ginnings Christian Centre 1142639 Charity registration number Company registration number 07565706 Principal oifiee and registered Equitable Hous¢ office 55 Pellon Lane Halifax West Yorkshire HXI SSP The trustees L. Thorpe P. J. Kemp M RDurgan Rev. A Pugh (Retired 17 Augiist 2024) (Appointed l May 2025) Company secretary ludependent e￿miller L. Thorpe Elizabeth Short FCA Streets Spenser Wilson (Yorkshtre) Ltd Equitable Holise 55 Pellon Lane Halifax West Yorkshire HXI 5SP NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LIMITED BY GUARAiYfEE TRIISTEI ES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) fcoiiiiw4e41) ytl AR NDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The organisation 15 a charitable company limtted by guarantee, incorporated on 16 March 2011 and registered as a charity on 29 June 2011. The Company was establish¢d under a Memorandum of Association which established the objects and powers of the ¢liaritable company and is governed under the Articles of Association. The members have n() shareholding but in the event of a winding up they have uiidertakento contribute to the payment of liabilities sucharnDunt as may be r¢qiiired notexceeding atotsl of£l. Membership of the eompany is op¢n to all who Can demonstrate the follow2ng= has by grace exhibited saving faith in the Lord Jesus Christ has desire to worship and serve God is committed to promoting the objeets is nominated by the Sei)ior MinislEr and approved by a majority of m¢mbers The Ti'ustees can a150 admit'Friends and Associates, and give them powers and duties &s they think fjt. but such persons will not be members of the CO￿PanY atld shall not be entitled to speak or vote at generdl tneetings. The company works in fellowship with ELIM and in acwrdanee with the Statetnent of F&ith issued by the Generd Council. Reerultment and appointmellt ofTrustees Trustees are directors for the pU￿oSeS of company law. Trustees shall comprise the Senior Minister of the ChLircli together with such persons &s the Senior Minister shall nominate tog¢ther with other persons that the Board of Trustees may appoint. The number of Trustees shall not be less than 3 with no rryaximum and the Trustees are not required to retire by rotation. The Tn￿tee$ tnay delegate their powers to any committee consisting of one or more Trustees and may delegate to any Managing Trustee or Trustee holding executive offic¢ such powers as tliey think fit. The Trnst¢es meet on a regular basis (at least monthly) and are responsible for strategic direction and operational polici¢s. The day to day administration is d¢leg&ted to Linda Thorp¢ (a Trustee). Trustee training and induetion On appointtnent the Trustces ar¢ provided with a copy ol the Charity's Mefflorandum and Articles of Association. the Charity Commission guidance-The Essential Trustee. tli¢ latest financial accounts and other relevant Inatters The Senior Minister also discusses the requirements and expectstions of the Chiirch ill relation to their duties as Tnjstees. Risk assessment .TheTnistees havc rcviewed the inajorrisks to which the Ch&rity is exw)sed and are sat15fied that systems are in place to mitigat¢ expusure to those risks. NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LIMITED BY GUARANTKE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) {eoiiÉiRIierf) Y[1 AR FNDED 31 MARCFI 2025 STRUCTURK, GOVERNANCE AND MANAGEMENTfco*liyiiie Organi8ational strnclure The board of trnstees meets on a regular basis to oversee the operations of the Charity. make policy decisions and be respoT]sible for 8ov¢mance. Related parties Petsr Kemp, Linda Thorpe, Martin Diirgan and Pastor A D Pugh wetE all trustees during the yellr. During the year a Christmas gift of £200 (2023 £nil} was given to Linda Thorpe and £500 (2023 £500) to V Pugh th¢ wife of Pastor A D Pugh. ORIECTIVES AThD ACTIvrrIES The objects of the Charity are for the benefit of the public to advance the Christian gospel, to relieve sickness and financial hardship, to promot¢ and Preserve good health by the provision of funds. goods or services of any kind including throiigh th¢ provision of counselling and support and to advance education in such ways and in siich parts of the United Kingdom or tlie world as the Trustees from time tolime maythink fil. In furtherance of the main objects. the Charity undertakes tli¢ following activities: Church services Children's clubs Fellowship ￿1￿]ts Food distribution to the needy Men's evening Seniors Club Easter Fun Day Christmas Fayit and Grotto Narcotics Anonymous Yoiiih Fellowship The Trustees confm that they have reviewed th¢ Charity Comjnission guidelines on public benefit and consider th&t by provftding the above services and activities to the local cotnmunity they are providing a public benefit. NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORA TING THE DIRECTOR'S REPORT) (coniiiJu¢dJ YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE The Trustees will be concentrating on expanding the services the Chur¢h offers to its congregation and people living in the Calderdale and West Yorkshire area. We have Iiow moved to a largcr Town centre location so we can offer more coinmunity facilities and increase the members of the church. We have secured premises in the Town centre on a 20-y¢ar lease at very favourable rates. The first phase of the building work, the main auditorium and the ground floor, renovations, has now been completed with phase 2 commencing in January 2025 which in¢ludes the Church offices and the rooms for hire. We will be using this new location to promote Church growth as well as providing more facilities to encourage the public to l)oth use the building and come to Church Services. FINANCIAL REVIEW The Charity had a net deficit during the year of £16.230 (2024 - surplus £54,819). to be deducted from the Charity's funds brought forward. The deficit is mainly due to costs of tnoving and expenditure on the new building. Reserves at the end of th¢ year were £282,267 (2024 - £298,497) , whi¢h are to be used to finance further building improvements and additional activities in the ensuing year. Reserves poliey The Unrestrict¢d funds of the Charily are all available lo promote th¢ objects. Of the unrestricted funds at the year end £115,635 (2024 - £44,286) are held in fixed assets leaving a balan¢e of £166,632 (2024 - £254,211) held in reserve to be used over the next 2 to 3 years to promote the expansion of the Charity's activities. There are no restricted funds. Prineipal fvnding sources The principal source of funds received is from members donations, ¢hurch offerings and tithes. PLANS FOR FUTURE PERIODS The Trustees are planning lo offer part of the builditEg for hire for Children's parties, open a community cafe, provide a Santa's grotto over the Christmas period, increasc both our children's and Youth outreach and ¢ontiniie with our over 60's club and hopefully increase their numbers. With the Church moving to more accessible location for all the people of Calderdale we hope to grow the Chur¢h. provide more community services and reach a tnuch wider variety of the Community. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, behalf of the nual report and t oard of truste e strategic report were approved on 24 D¢ccmber 2025 and signed on Trust¢ NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LIMITED BY GUARANTEE INDEPEI D4DENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW BEGINNINGS CHIUSTIAN CENTRE (¢oithiiiiedJ YEAR ENDED 31 MARCH 2025 I report to the tt'iistees oli my examination of the finaiioial stat¢m¢nls of New Beginnings Cliristian Centre ('the charity,) for the year Ellded 31 M&rch 2025. RESPONSIBILITIES AND BASIS OF REPORT As tlie trustees of thc company (and also tts directors for the purposes of company law) you are responsible for the prepai'ation of the financial statejnents in ac¢ordancc with th¢ requiretnents of th¢ Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself that the accounts of the company are not requirtd to be audited under Part 16 of the 2006 Act and are eligible for independent exailliiiation. I report ID r¢spect of my examination of the cliarity's accounts as carried out under section 145 of Ilie Charities Act 2011 {'the 2011 A¢t'). In canying out my examination I have followed the Directions given by the Charity Commission Linder section 145(5)(b) of the 2011 Act. INDEPENDEwf EXAMllYER'S STATEMENf- MATTER OF CONCERI4 IDEWFIFIED I eottfirm ihat no other matters have come to Iny ttttention in Connection with my examination giving me cause to believe that in any material r¢spect= accounting records were not kept in respect of the charity as reqiiired by section 386 of the 2006 Act- or the financial statements do not ac¢ord with those records,. or the financial 5tat¢ments do not comply with the accounting requir¢menls of section 396 of the 2006 Act other than any r¢quir¢ment that tlie a￿oUntS give a 'true and faiv view which is not a matter considered as part of independent examination. or the financial ￿&teMentS have not been prepared in accordance with the methods and principles of the Statement of R¢coinmended Practioe for a￿OUntIng and reporting by charitie5 applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102). I confirm th&t there are no other matters to which your attention should be drawn to enable a p'oper understandin8 of the accounts to be rcached. Elizabeth Short FCA Streots Spenser Wilson (Yorkshire) Ltd Independent Exaininer Equitable House 55 Pellon Lane Halif West Yorkshire HXI 5SP NFW BEGIIYNINGS CHRISTIAN CENTRE COIIqPANY LIMITED BY GUARANTEE STATLMENT OF FINANCIAL ACTIVITIES NCLUDING INCOME AND EXPENDITURE ACCOUNT} YEAR ENDF.D 31 MARCH 2025 2025 Unrestricted nds Total funds Total fund5 2024 Note Income and ¢ndoiYmeDts Donations and legacics Other tsading activities Investment income 76,745 15,016 28 76,745 15,016 28 79,920 53,823 29 Total income 91,789 91,789 133.772 Expenditure Expenditure on raising funds: Costs of other trading activities Expenditlire on charitable activities Total expenditure 1,429 106,590 108.019 1,429 106,59 847 78,106 9,10 108.019 78,953 Net (expellditllre)lin¢ome and net movement in funds (16,230) (16330) 54,819 Recollciliation of funds Total funds brought forward Total funds earrled forward 298,497 282,267 298,497 282,267 243,678 298,497 The statement of financial activities includes all gains and losses recognised in the year. All incovne and eypenditure derivc from continuin8 activities. The notes on pages 8 to 16 form part of these financial statements. NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION I 31 MARCH 2025 2025 2024 Note FIXED ASSETS Tangible fixed assets 16 115,635 44,286 CURRENT ASSETS Debtors Cash at bank and in hand 17 16,878 155,820 10,642 245,503 172,698 256,145 CREDITORS: amounts falling due ithill olle year NET CURRENT ASSETS 18 6,066 1,934 166,632 254,211 TOTAL ASSETS LESS CURRENT LIABILITIES 282,267 298,497 NET ASSETS 282267 298,497 FUNDS OF THE CHARITY Unrestricted funds 282,267 298.497 Total Charity funds 19 282267 298,497 For the year ending 31 Mar¢h 2025 the Charity was ¢nlitled to exemption from audit under section 477 of the Compani¢s Act 2006 relating to small cotnpanies. Directors, responsibilities.. The members have not r¢quired the company to obtain audit of its financial statements for the year in question in accordance with section 476; The directors acknowledg¢ their responsibilities for ¢omplying with the requirements of the Act with respect lo accounting records and the preparation of financial slalements. Thes¢ financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, r¢gime. These financial statements were approved by the board of trustees and authorised for issue on 24 December 2025, and are signed on b¢half of the board by: MP The notes on pages 8 to 16 forni part of these financial statements. NEW BEGINfsiNGS CHRISTIAN CENTRE COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The chai'ity is a public benefit entity and a private company limited by guarantee, registered in Englaiid and Ivales and a regist¢red charity in England and Wales. Tlie address of the registered office is Equilabl¢ House. 55 Pellon Lan< Halifa4 West YoTkshire, HXI 5SP. STATEMEIYT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Stsndard applicable in the UK and th¢ Republic of Ireland,, the Statement of Recomrn¢nded Prnctice applicable to charities prep￿.Ing their accounts in accordance with the Financial Reporting Stsndard applicable in tlie UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and tli¢ Companies Act 2006. ACCOtiNfiNG POLICIES Basis of preparAtion The financial statsments have been prepared on the historical ¢ost basis, as illodified by the revaluatioii of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the fullction&l currency of die entity. Going concern There are no material uncertainti¢s about the charity's ability to continue. Judgements And key sources of estimation uncertainty The preparation of the fmancial statements requires management to mak¢ judgement8, estimates and assumptions that affect the amounts reported. Tliese estitnates and judgements ai'c Continually Teviewed and ar¢ based on experience and other factor& including expectations of future ev¢nts that are believed to be reasonable under the circumstan¢¢s. There are not Considered to be any judgements or accountiIig estimates or assumptions that have a significant impact OD the financial statements. NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LILlllTED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS (culll YEAR ENDED 31 MARCH 2025 ACCOUTrITING POLICIES (coiirfniierfj Fund accounting UNrstricted funds ar¢.available for use at the discretion of the tTuslee5 to furtlier any of the cliarity's purposes. D¢signated funds unrestricted funds earniarked by the trustees for particulay fil￿1'e project or ommitrn¢nt. Restri¢i¢d fiinds are subjected lo restrictions on their expenditure declared by the donor or throligli the tenns of an appeal, and fall into one of two sub-classes: restricted income funds or endowment fui)ds. Ineoming resour¢e8 All income is included in the statement of financial activities when entitlement has passed to tlie harity. it is probable that the economic benefits associated Thith the transaction will flow to the charffity and the amount can be reliably measured. The follom'ing specific policies are applied to partioular categories of income- incoJne from donations or grants is r￿ognIsed when ther¢ is evidence of enlitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is r¢¢ognised when receipt is probable and entitlement is established. Resources expended Expenditure is recognised on an a¢cruals basis as a liability is in¢urr¢d. Expenditure includes any VATwhicli cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditur¢ on raising funds includes tl)e costs of all fvndraising activities. events, non- charitable trading activities, and the sale of donated goods. expenditure on Gharitabl¢ activities in¢lud¢s all costs in¢uJY¢d by a charity in undertaking activit.ies that further its charitable aims for the benefit of its beneficiaries, including those 5UPPOrt costs and costs relating to the governance of the charity ap]knioned to charitable activities. other expenditure includes Rll expenditure that is neither related to raising funds for the charity nor part of its expcnditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resoui'ce. Direct costs attributable to a sillglc activity arc allocatcd dircctly to that activity- Shared costs are Apportioned between the activities they contribute to on a reasonable? justifiable and consistent basis. NEW BEGINNINGS CHRISTIAN CEIYTRE COMPIINY LIMITED BY GUARANfEE NOT£4 S TO THE FINANCIAL STATEMENTS (toiiliNI* YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES I￿1￿11￿e￿} Operating leases Lease payments are recognised as ali expense over the lease tem] on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease tem, on a straight-line basis. TAngible assets Fixed ass¢ts (excluding investments) are stated at cost less accutnulated d¢preciation. The costs of minor additions or those costing below £250 are not capitalised. Depre¢iatio Depreoiation is ¢al¢ulat¢d so as to write off the cost or valuation of an asset. less its residual value. over the useful economic life of that asset as follows.. Leasehold property improv¢m¢nls Furniture & fittings Equipmeiit SV/o straight line basis IOO/o on reducing balance IOQ/o on reducing balance Impairment of fjxed assets A r¢vi¢M. for indicators of impairnient is carried out at each reporting date, with the recoverable amount being estim&ted where such indicators exisL Where the carrying value exceeds th¢ recoverable amount, the asset is impaired accordingly. Prior itnpainnents are also reviewed for possible revers81 at each reporting date. Finaneial instruments The company only has finanoial assets and flnancial liabilities of a kind that qualify as basic rinancial instruments. Basic financial instruments are initially recognised at tra]Isaclion value and subseqLiently measured at tlieir settlement valiie with the exception ol bank loan5 whiGh are subsequently measured at amortised cost using the effective interest method. Taxation The Company is a regist¢r¢d charity and under the provisions of Income and Corporation Taxes Act 1988 15 exempt from taxation. LIMITED BY GUARAprrEE The Charity is a company limited by guarantee. Each member undertakes to Contribute such an amoiint (not exceedAng £1) as may be required in the event of winding up. io NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEIIqENTS (roMinircdJ YEAR ENDED 31 MARCH 2025 ])ONATIONS AE4D LEGACIES Unrestrithd Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 DONATIONS Doi)ations Tithes 3,023 52,591 3,023 52,591 6,701 53,855 6,701 53,855 GIFTS Gift aid tax refund 10,826 10,826 9,619 9,619 OTIIER DONATIONS AI4ID LEGACIES Chur¥h uff¢tillg5 10,305 76,745 IOJOS 76,745 9,745 79.920 9,745 79,920 OTHER TILIDING ACTIVITIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising events Cafe income Conferen¢e income Food bank 9,329 3,421 2,266 9J29 3,421 2366 8,884 2,40& 40.1(60 8,884 2.408 40,860 1,671 15,016 15,016 53,823 53.823 INVESTMENT INCOME UnrestricEed Total Fuuds Uhre5tiicted Total Funds Funds 2025 Funds 2024 Bank interest receivable 28 28 29 29 COSTS OF OTHER TRADING AcfiviTIES Unrestri¢led Total Fund$ Unr¢strÈcted Total Funds Funds 2025 Funds 2024 Cafe eXPen￿S 1,429 1,429 847 847 li NEW BEGINNINGS CHRISTIAN CENTRL COMPANY LIMITED BY GUARAIYTEE NOTEI S TO THE FINANCIAL STATEMENTS (￿i￿11￿11edJ YEAR ENDED 31 MARCH 2025 EXPENDITURE ON CILiIUTABLE ACTIVITIES BY FUND TYPE Uniystricted Total Funds Unrestricted Total Funds Funds 202S Fiinds 2024 Fundraising Food bank Support Costs 2.413 2,413 1.342 3,747 73.017 lJ42 3,747 73,017 104,177 104,177 106,590 106,590 78.106 78.106 10. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Activittes undertaken directly Support costs Total fund5 2025 Total furtd 2024 Fundraising Food bank Governance costs 95,685 98,098 72,470 3,747 I,889 78.106 8.492 104,177 8,492 106,590 2,413 JI. ANALYSIS OF SUPPORT COSTS Total 2025 Total 2024 Staff costs Premises Communications and IT Generdl offi¢¢ Finance costs Govemanee costs Travel and conference costs Repairs and renewals Insurance Rates, water, liglit arLd heat Printing and stationery Depreciation Licence5 and subscriptions Catering and cleaning 30,000 24,179 5,910 419 727 8,492 1,516 2,090 3,022 17,058 1,044 7278 1,798 644 29,900 22,159 5,927 1,864 533 1,889 1.317 1,041 ,062 445 4,9l7 1,586 377 104,177 73,017 12 NEW BEGINNINGS CHRISTIAN CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINA]YCIAL STATEMENTS (eoi YEI AR ENDED 31 MARCH 2025 12. NET (EXPETr4DITURE)/INCOTrIE Net {¢xpenditureyincom¢ is stated aft¢r ¢hargingl(crediting): 2025 2024 Depreciation of tangible r￿ed assets Operating lease r¢ntals 7,278 468 4,917 312 13. ll4DEPENDENT EXAMINATION FEES 2025 2024 Fees payable to the iiidependent examiner for: tndependent examination of the financial statements 2,033 1.876 14. STAFF COSTS The total staff costs and employee benefits for the Teporting period are analysed a5 follows.. 2025 2024 Wages and salaries 30,000 29,900 The average head count of ¢mployee5 during the year was l (2024: 1). The average number of full- time equivalent employees during the year is analysed as follows-. 2025 2024 Nurnber of staff No employee received employee benefits of mor¢ than £60.000 during the year (2024.. Nil). IS. TRUSTEE REMUNERATION AM) EXPENSES Pastor A D Pugh received remuneration of £30.000 (2024: £29,900). All payments were in respect of their employment as p¢rn)itt¢d by the Charity's Memordndum and Articles of Associatioll. No other trustee reLeived remuneralion or benefjts from the Charity- 13 NEW BEGINNINGS CHRISTIA]Y CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢0 YEAR ENDED 31 MARCH 2025 16. TAP4GIBLE FIXED ASSETS Short leasebold property Fixtures & fittings Equipment Total Cost At l April 2024 Additions 32.836 5.662 91.967 35.619 124,803 78,627 37,346 At 31 March 2025 37,346 38,498 127,586 103,430 Depreciatio At l April 2024 Charge for the year At 31 March 2025 22,765 1.242 80,517 7,278 87,795 ,225 4.811 1,225 24.007 62,563 Carryillg amount At 31 March 2025 36,121 14.491 10.071 65.023 115,635 At 31 March 2024 34215 44,286 17. DEBTORS 2025 2024 Prepayments and accrued income Other debtors 8234 8,644 798 9,844 10,642 16,878 I& CREDITORS: amounts falling due wiihin one year 2025 2024 Accrnals and dvferred income 6,066 1,934 14 NEW BEGINNINGS CHRISTJAN CENTRE COMPAfw LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (con i￿rIEd} TAR ENDED 31 MARCH 2025 19. ANALYSIS OF CHARITABLE FUNDS Unrestri¢ted funds l April 2024 Income Expenditilre 31 Mar 2025 Gen¢rdl fiinds 298,497 91,789 (108,019) 282267 l April 2023 In¢ome Expenditure 31 Mar 2024 General funds 243,678 133,772 (78,953) 298,497 20. ANALYSIS OF NET ASSETS BETWEEN FUIWS Unrestricted Total Fulld$ Futtd5 2025 Tangible fixed assets Current assets 115,635 166,632 282,267 115,635 166,632 Net assets 282,267 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets 44,286 254.211 44,286 254,211 298,497 Net assets 298,497 21. OPERATING LEASE colWI￿1￿￿Tr￿s The t