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← British Maternal And Fetal Medicine Society

2025-01-31-accounts

Charity number: 1145101

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 10
Trustees' Responsibilities Statement 11
Independent Examiner's Report 12 - 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Financial Statements 16 - 23

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2025

Dr E L Ferriman, Honorary Secretary (reappointed as President 1 October 2024) Trustees Dr R K Morris, President (resigned 1 October 2024) Dr M K Whitworth, Treasurer Dr S Nanda, Honorary Secretary (appointed 1 October 2024)

Charity registered number 1145101 Principal office Royal College of Obstetricians and Gynaecologists (RCOG) 10 - 18 Union Street London SE1 1SZ

Accountants

Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL

Page 1

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2025

The Trustees present their annual report together with the financial statements for the 1 February 2024 to 31 January 2025. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) as it applies to charities completing accounts on a receipts and payments basis.

Objectives and Activities

a. POLICIES AND OBJECTIVES

The society will address its aims through the following means:

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

The Society usually organises a two-day annual scientific meeting, during which the AGM is held. The 2024 conference was held on 25-26 April in Liverpool and online.

Sessions at the event included:

Highlights from the event:

Achievements and performance

a. REVIEW OF ACTIVITIES

This has been another good year for the Charity, with healthy income from the annual conference, joint courses and membership fees.

Membership numbers remain steady, with 132 new members joined during the year; although there were also some resignations, overall numbers increased to 406 as of 31 January 2025.

The Charitable aims of BMFMS continues to be reflected in our educational bursaries and fellowships and during the 2024-5 year a Joint BMFMS-Wellbeing of Women Entry Level Scholarship was awarded to Dr Benjamin Greenfield for the project Measuring lactate levels in Labour: A feasibility study .

The following is also available to BMFMS members: Continuing development of an improved website. This helps fulfil one of our Charitable aims by increasing access for education, communication, advice and support, for Members and patients.

The Charity’s finances are sound, and the annual financial report is attached. There are unrestricted funds of £434,080. During the year, the total income was £361,617, with expenditure at £249,799.

Page 2

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

b. GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

c. RESERVES POLICY

The charity holds no fixed assets or trade debtors. The only funds held by the charity are available as cash at short notice. The reserves are all unrestricted and will be used to ensure that the charity can meet its growing training and course commitments in the future.

d. PRINCIPAL FUNDING

The charity receives most of its funding from annual membership fees and course income. This income has been used to facilitate the organisation of the courses and cover in the administration costs of the society.

Structure, governance and management

a. CONSTITUTION

1. The Name

The Society shall be known as the British Maternal and Fetal Medicine Society.

Hereafter in the document it will be referred to as “The Society”.

2. The purposes of the charity are:

2.1 To advance education in the subject of maternal and fetal medicine and to preserve and protect good health by encouraging improved standards of pregnancy care.

2.2 The aims of the Society are:

2.2.1 The Society aims to provide a forum where issues of relevance to Obstetricians and other professionals involved in maternity care are discussed.

2.2.2 In particular, the Society seeks to:

2.2.2.3 Disseminate knowledge
2.2.2.4 Promote research and audit
2.2.2.5 Establish good quality training programmes
2.2.2.6 Encourage development of clinical guidelines.

2.3 The ultimate goal of the Society is to encourage improved standards of maternity care.

2.4 The Society will provide a Maternal and Fetal Medicine input to the Royal College of Obstetricians and Gynaecologists (RCOG) including advice on training in obstetrics and special interest / subspecialty training in Maternal and Fetal Medicine.

2.5 The Society will also make representation to other Colleges and national bodies when appropriate, including providing relevant stakeholder feedback on relevant national documents and guidance.

Page 3

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

2.6 The Society will develop links to other relevant professional societies with the aim of disseminating knowledge and improving standards of care for pregnant women.

3. Officers of the Society

3.1 The charity shall be managed by a committee of trustees who are elected by the voting membership. The Society Officers are the charity trustees (the “Trustees”).

3.2.1 President 3.2.2 Secretary 3.2.3 Treasurer

3.3 Nomination and election of Officers:

3.3.1 Officers will be nominated for office by two members of the Society.

3.3.2 Officers will be elected by the membership.

3.3.3 Terms of office will be three years.

3.4 Re-election of Officers:

3.4.1 The President may not be re-elected, but other Officers may be re-elected once for a second three-year term.

3.4.2 The President’s term may be extended by one year in exceptional circumstances such as if no applications for the post are received.

3.4.3 Officers will be eligible to apply for other Officer roles, however, there should be no overlap of these roles during their tenure.

3.5 Election of the President:

3.5.1 The President will be elected by the membership six months prior to the retirement of the current office holder and shall serve as President Elect until the retirement of the current office holder.

3.5.2 The retiring President may serve as an ex-officio member for one year after retirement in an advisory capacity to the President.

3.6 Acting Officers:

In the unlikely event that an Officer is unable to complete the full term of three years, an Acting President, Acting Honorary Secretary or Acting Honorary Treasurer shall be appointed from amongst members of the Executive Committee until the due process of nomination and election is completed.

Page 4

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

4. Carrying out the purposes

In order to carry out the charitable purposes, the trustees have the power to:

5. Responsibilities of the Officers

5.2.1 To be responsible for coordinating the activities of the Officers

5.3.1 To be responsible for the Society’s finances and producing an annual report of accounts at the Annual General Meetings.

5.3.2 Advise the Trustees about financial issues e.g. when subscription rates need to be raised 5.3.3 Advise about the registration fee or any surcharge necessary for Annual Meetings of the Society, to ensure that these Meetings do not run at a financial loss and generate some income for the Society

6. The Executive Committee

6.1 There shall be an Executive Committee (hereafter known as “The Committee”) which will act as an advisory body to the Trustees with delegated authority to manage and direct day to day operational matters in accordance with its Terms of Reference.

6.2 Membership of the Committee:

6.2.1 The Committee will comprise of 19 members, drawn wherever possible from England, Wales, Scotland, Northern Ireland and the Republic of Ireland and comprise the Officers of the Society, representative elected from the membership, and, as applicable the President Elect.

Page 5

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

6.2.2 The members of the Committee will be:

6.2.3 In addition, there may be up to six ex-officio members:

6.3 Invited representatives to Committee meetings

Other representatives will be invited to Committee meetings at the discretion of the Officers. They will include:

Page 6

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

6.5 Functions of the Committee

The functions of the Committee, in addition to its role as advisors to the Officers in fulfilling the purpose of the Society, are as follows:

6.6 Re-election

Page 7

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

6.8 Manager

The Society will employ the services of a Manager.

6.9 Society Coordinator

The Society will employ the services of a Coordinator appointed by the RCOG whose functions will be to:

7. Membership

Page 8

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

8. Annual General Meeting - AGM

9. Officer meetings

Page 9

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

10. Money and property

11. General Meetings

12. Date of constitution

This constitution was adopted on 26th April 2024 by a majority vote at the AGM.

Approved by order of the members of the board of Trustees on _______ 07/11/2025 07/11/2025 and signed on their behalf by:

Dr M K Whitworth Treasurer

Page 10

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 JANUARY 2025

The Trustees are responsible for preparing the Trustees' report and the 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 & 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:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and 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 Charity (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.

Approved by order of the members of the board of Trustees on _______ 07/11/2025 and signed on its behalf by:

Dr M K Whitworth Treasurer

Page 11

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025

Independent Examiner's Report to the Trustees of British Maternal and Fetal Medicine Society ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 January 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

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

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the 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.

Page 12

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Laura Ambrose FCA Dated: 11 November 2025

Haslers Old Station Road Loughton Essex IG10 4PL

Page 13

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
1,493
353,970
6,154
361,617
249,799
249,799
111,818
322,262
111,818
434,080		 Total
funds
2025
£
1,493
353,970
6,154
361,617
249,799
249,799
111,818
322,262
111,818
434,080		 Total
funds
2024
£
1,479
198,199
7,213
206,891
121,884
121,884
85,007
237,255
85,007
322,262

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 16 to 23 form part of these financial statements.

Page 14

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

BALANCE SHEET AS AT 31 JANUARY 2025

2025 2025 2024 2024
Note £ £
Current assets
Debtors 10 84,997 -
Cash at bank and in hand Cash at bank and in hand 364,993 322,262
449,990 322,262
Creditors: amounts falling due within one Creditors: amounts falling due within one
year 11 (15,910) -
Net current assets 434,080 322,262
Total assets less current liabilities Total assets less current liabilities 434,080 322,262
Total net assets 434,080 322,262
Charity funds
Unrestricted funds 12 434,080 322,262
Total funds 434,080 322,262
The
financial		 statements were approved and authorised for issue by the Trustees
on
_______and signed on their behalf by:
07/11/2025		 and signed on their behalf by: and signed on their behalf by:

Dr M K Whitworth

Treasurer

The notes on pages 16 to 23 form part of these financial statements.

Page 15

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

1. General information

British Maternal and Fetal Medicine Society is a charitable organisation, registered in England and Wales, with a charity number of 1145101. The registered address is Royal College Of Obstetricians, 10-18 Union Street, London, SE1 1SZ. Details of the principal activity of the Charity can be found on page 2 in the Trustee's report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

British Maternal and Fetal Medicine Society 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.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 16

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

2. Accounting policies (continued)

2.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.7 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

3. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
1,493
Total 2024
1,479		 Total
funds
2025
£
1,493
1,479		 Total
funds
2024
£
1,479

Page 17

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

4. Income from charitable activities

Unrestricted
funds
2025
£
Membership subscriptions
22,533
RCOG joint venture
118,914
BMFMS conference
212,523
Total 2025
353,970
Total 2024
198,199		 Total
funds
2025
£
22,533
118,914
212,523
353,970
198,199		 Total
funds
2024
£
17,390
-
180,809
198,199

5. Other incoming resources

Twins trust
Total 2024		 Unrestricted
funds
2025
£
6,154
7,213		 Total
funds
2025
£
6,154
7,213		 Total
funds
2024
£
7,213

Page 18

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

6. Analysis of expenditure by activities

Promoting education and research
Total 2024		 Activities
undertaken
directly
2025
£
22,246
46,049		 Support
costs
2025
£
227,553
75,835		 Total
funds
2025
£
249,799
121,884		 Total
funds
2024
£
121,884

Analysis of direct costs

Bursaries
Total 2024		 Activities
2025
£
22,246
46,049		 Total
funds
2025
£
22,246
46,049		 Total
funds
2024
£
46,049

Page 19

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Activities
2025
£
Staff costs
23,048
Bank charges
60
Insurance
339
General expenses
3,407
Committee expenses
5,979
Professional fees
7,290
BMFMS conference expenses
179,285
Catering
104
Rent
8,041
227,553
Total 2024
75,835
7.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
8.
Staff costs
Wages and salaries
Social security costs		 Total
funds
2025
£
23,048
60
339
3,407
5,979
7,290
179,285
104
8,041
227,553
75,835
2025
£
3,110
2025
£
19,419
3,629
23,048		 Total
funds
2024
£
21,203
38
339
297
3,423
3,420
39,596
96
7,423
75,835
2024
£
2,965
2024
£
17,926
3,277
21,203

Page 20

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

8. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Administrative 1 1

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 January 2025, expenses totalling £2,982 (2024: £1,497) were reimbursed or paid directly to 2 Trustees. This related to a committee lunch in the year and reimbursement for charity expenses.

10. Debtors

Due within one year
Prepayments and accrued income		 2025
£
84,997
84,997		 2024
£
-
-
11. Creditors: Amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 15,910 -

Page 21

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

12. Statement of funds

Statement of funds - current year


Unrestricted funds
General funds
Statement of funds - prior year
Unrestricted funds
General funds		 Balance at 1
February
2024
£
322,262
Balance at
1 February
2023
£
237,255		 Income
£
361,617
Income
£
206,891		 Expenditure
£
(249,799)
Expenditure
£
(121,884)		 Balance at
31 January
2025
£
434,080
Balance at
31 January
2024
£
322,262

13. Summary of funds

Summary of funds - current year


General funds
Summary of funds - prior year
General funds		 Balance at 1
February
2024
£
322,262
Balance at
1 February
2023
£
237,255		 Income
£
361,617
Income
£
206,891		 Expenditure
£
(249,799)
Expenditure
£
(121,884)		 Balance at
31 January
2025
£
434,080
Balance at
31 January
2024
£
322,262

Page 22

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

14. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2025
£
Current assets
449,990
Creditors due within one year
(15,910)
Total
434,080
Analysis of net assets between funds - prior period
Unrestricted
funds
2024
£
Current assets
322,262
Total
322,262		 Total
funds
2025
£
449,990
(15,910)
434,080
Total
funds
2024
£
322,262
322,262

Page 23