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2023-03-31-accounts

The Bridge Battersea

Report and Accounts

For the Year Ended 31 March 2023

Registered Company Number 07539965 (England and Wales)

Registered Charity Number 1147543

THE BRIDGE BATTERSEA

FOR THE YEAR ENDED 31 MARCH 2023

COMPANY INFORMATION

Directors / trustees

Zhanzhan He Sarah Dowding Rev. Jason Roach Andrew Campbell (appointed 1 June 2023)

Company Secretary

Andrew Campbell

Key staff

Thomas Dowding (senior pastor)

Governing Document

Memorandum and Articles of Association dated 16 February 2011

Company Registration Number Charity Registration Number

Registered Office

07539965

1147543 33 Goulden House Bullen Street London SW11 3HG

Independent Examiner

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

HSBC Clapham Junction London SW11

Contents Page
Company Information 1
Directors' Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-13
Detailed Statement of Financial Activities with Comparatives 14

Page 1

THE BRIDGE BATTERSEA

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2023

The directors, who are the trustees for the purposes of charity law, present their report with the financial statements of the charitable company for the year ended 31st March 2023.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is a company limited by guarantee, as defined in the Companies Act 2006, and is governed by its Memorandum and Articles of Association.

Recruitment and appointment of new directors

Existing directors invite new suitably qualified directors to join the board as and when required. Andrew Campbell joined the board on 1 June 2023.

Risk management

The directors have a duty to identify and review the risks to which the charity is exposed and, where possible, they take appropriate measures to mitigate those risks.

Employment Policy and Remuneration:

The Bridge Battersea employs four members of staff:

Mr Tom Dowding (since November 2017) Mr Viv Campbell (since September 2018) Mrs Rachel Roach (since February 2022) Mrs Samantha Reeve (since September 2022)

Mrs Samantha Reeve was employed as administrator in September 2022.

The directors of The Bridge Battersea directors do not receive remuneration from The Bridge Battersea. Directors are allowed to submit expense claims for expenditure incurred directly on behalf of The Bridge Battersea for any of its charitable activities.

However the spouses of two directors do receive remuneration: Rachel Roach (spouse of Jason Roach) and Tom Dowding (spouse of Sarah Dowding). After taking legal advice, the charity asked the Charity Commission for permission to employ Rachel Roach and this was granted. Steps have been taken to avoid issues of conflict of interests influencing governance as follows:

  1. Andrew Campbell has been appointed as a fourth director to avoid a majority of directors having conflicts of interest.

  2. An independent panel of staff and elders will make recommendations on any necessary decisions regarding the employment of Tom and Rachel and only non-conflicted trustees will act to approve these decisions.

Page 2

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2023 continued

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity was established to advance the Christian faith by means of Bible teaching and outreach programmes in Battersea, and to provide support to those engaged in advancing the Christian faith in other parts of the United Kingdom and abroad.

Public benefit

The directors have considered the Charity Commissions' guidance on public benefit and, in particular, the specific guidance in relation to charities for the advancement of religion and are satisfied that the activities of The Bridge Battersea fall within such guidance.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Bridge Battersea operates as a Christian community centre in Battersea, undertaking a number of charitable activities.

The Bridge Battersea invites willing individuals (primarily residents of Battersea) to meet every Sunday for a Christian service, with separate adult and children’s programmes. It advertises this event on its website, through outreach in the locality, and prominently through all the events referred to below.

In addition to the above, The Bridge Battersea holds various community outreach groups and events during the week (in midweek evenings and afternoons) to study the Bible, pray and have social time together. This is advertised at the main Sunday event and through publicity by email, social media, posters and text message alerts.

Community outreach activities undertaken by The Bridge Battersea include:

The Bridge Battersea is also committed to supporting individuals volunteering or training to serve in Christian ministry. The Bridge Battersea makes charitable donations towards the living costs and training of Christians undergoing a period of Christian ministry training or volunteering.

Page 3

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2023 continued

FINANCIAL REVIEW

Results for the year

During the year income increased by £59,735 to £188,887, and expenditure increased by £911 to £119,570. The substantial increase in income was largely due to a gift of £70,000 from London City Mission after agreement was reached to vary the terms of a lease for a property they owned so that it could be developed. As a result the charity has reported a surplus this year of £69,317 (2021/2022: a surplus of £10,493) and net assets increased by that amount to £171,346. Net assets included cash of £151,104, of which £132,852 is unrestricted.

Reserves policy

The charity aims to maintain reserves equal to no less than three months' projected unrestricted expenditure, which equates to about £28,000, so that the charity could continue to operate should income and / or expenditure vary adversely. The charity ended the year with free reserves (which the charity defines as being unrestricted net current assets) of £141,451; this is expected to reduce over the coming year as the charity plans to use some of its reserves.

FUTURE DEVELOPMENTS

The Bridge Battersea will continue to exist and operate according to its aims and objectives, and seek to continue its charitable activities in the upcoming year.

DIRECTORS’ RESPONSIBILITIES UNDER COMPANY LAW

The Directors are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the Directors are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

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

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

The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2023 continued

APPROVAL

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Jason Roach

…………………………………………

Jason Roach – Director

Date: 26 November 2023

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE BRIDGE BATTERSEA ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023 on pages 7 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 9 and 10.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Ajay Rajani

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 27 November 2023

Page 6

THE BRIDGE BATTERSEA

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations, grants and legacies
3
Investments
Gift from London City Mission
on variation of property lease
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total expenditure
Net income/(expenditure)
Transfers between funds
10
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Funds
£
57,031
-
70,000
127,031
59,725
59,725
67,306
-
67,306
74,143
141,451		 Restricted
Funds
£
61,829
27
-
61,856
59,845
59,845
2,010
-
2,010
27,886
29,895		 Total
Funds
2023
£
118,860
27
70,000
188,887
119,570
119,570
69,317
-
69,317
102,029
171,346		 Total
Funds
2022
£
129,152
-
-
129,152
118,660
118,660
10,493
-
10,493
91,536
102,029

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 9 to 14 form part of these accounts.

Page 7

THE BRIDGE BATTERSEA

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2023

Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2023 2022
Note £ £ £ £
FIXED ASSETS
Tangible assets 6 - 124 124 617
CURRENT ASSETS
Debtors 7 10,722 11,520 22,242 14,051
Cash at bank and in hand 8 132,852 18,251 151,104 89,357
143,575 29,771 173,346 103,408
CREDITORS: Amounts falling
due within one year 9 2,124 - 2,124 1,996
NET CURRENT ASSETS 141,451 29,771 171,222 101,412
TOTAL NET ASSETS 141,451 29,895 171,346 102,029
FUND BALANCES 10
Unrestricted Funds 141,451 - 141,451 74,143
Restricted Funds - 29,895 29,895 27,886
141,451 29,895 171,346 102,029

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Zhanzhan He

Date: 26 November 2023

Zhanzhan He - Director

Company number: 07539965

Charity number: 1147543

The notes on pages 9 to 14 form part of these accounts.

Page 8

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

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

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations, grants and legacies includes recoverable gift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

Facilities, goods and services donated for the charity's own use are recognised as income when receivable at their value to the charity. When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents, principally, income from letting the church's facilities.

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective equipment is depreciated on a straight line basis over 3 years.

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Page 9

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

2 Accounting Policies continued

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

3 Donations and legacies

ations and legacies
Donations
Grants
Donations in kind
Income tax recoverable		 Unrestricted
Funds
£
45,033
1,200
-
10,798
57,031		 Restricted
Funds
£
35,529
25,008
-
1,292
61,829		 Total
2023
£
80,562
26,208
-
12,090
118,860		 Total
2022
£
87,869
17,921
10,000
13,363
129,152

In the previous year Rev J Roach was seconded to the charity until 31 August 2021 and the value of his services to the charity was estimated at £10,000; this income has been disclosed under the heading 'Donations in kind'.

4 Charitable expenditure

a
Costs incurred directly on specific activities
Ministry staff
Donated services
note 4c
Rent for staff housing
Rent for venues for church meetings
Premises costs
Utilities
Church activities
Depreciation
Grants payable
note 4d
Administration
b
Costs incurred on support & administration
Governance: accounts preparation and independent examination
Legal and profssional fees
Administrative staff
Bank charges
Total expenditure		 Unrestricted
Funds
£
20,484
-
5,382
9,945
-
(135)
5,896
-
5,000
3,975
50,547
1,800
915
6,228
235
9,178
59,725		 Restricted
Funds
£
55,677
-
-
-
-
-
3,477
493
120
-
59,767
-
-
-
78
78
59,845		 Total
2023
£
76,160
-
5,382
9,945
-
(135)
9,374
493
5,120
3,975
110,314
1,800
915
6,228
313
9,256
119,570		 Total
2022
£
72,415
10,000
1,300
12,545
2,779
3,314
3,490
493
450
5,213
111,998
1,590
-
4,904
167
6,661
118,660

Page 10

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

4 Charitable expenditure continued

In addition to the fee of £1,800 (2022: £1,590) charged in these accounts for the preparation and examination of the accounts, the charity paid £692 (2022: £674) to Stewardship for payroll bureau services.

c Donations in kind expensed in year

As disclosed in note 3 'Donations and legacies', in the previous year Rev J Roach was seconded to the charity until 31 August 2021. The value of this donation to the charity was estimated at £10,000.

d Grants payable

During the year, the charity made grants totalling £5,120 (2022: £450) for the following purposes:

Grants for UK and overseas mission:
To help those affected by the war in Ukraine
To help purchase bibles for distribution in Africa
Grants for the relief of poverty
comparatives for the previous year are as follows:
Grants for the relief of poverty		 Institutions
£
-
-
-
-
Institutions
£
-
-		 Individuals
£
4,000
1,000
120
5,120
Individuals
£
450
450		 2023
£
4,000
1,000
120
5,120
2022
£
450
450

The comparatives for the previous year are as follows:

5 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security
Pension costs		 2023
£
76,550
1,908
1,966
80,424		 2022
£
68,285
2,115
2,015
72,415

The average monthly number of employees during the year was 3.67 (2022: 2.75). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. During the year Thomas Dowding (who is closely related to a Sarah Dowding, a trustee) received employment benefits totalling £37,298 (2022: £28,428).

In addition the charity incurred expenditure totalling £5,382 (2022: £1,300) in respect of the customary provision of accommodation to Thomas Dowding so that he could better perform his duties. This comprised payments for a house that Thomas Dowding owns and occupies.

No trustees received employment benefits in either the current or preceding year.

6 Tangible fixed assets

Cost
At 1 April 2022
Additions
At 31 March 2023
Accumulated depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Equipment
£
1,480
-
1,480
863
493
1,356
124
617		 Total
2023
£
1,480
-
1,480
863
493
1,356
124
617

Page 11

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

7 Debtors

ors
Tax recoverable
Concessionary loans and other debtors
Accrued income
h at Bank and in Hand
Cash at bank with immediate access
itors: liabilities falling due within one year
Other creditors
Accruals		 2023
£
11,890
2,802
7,550
22,242
2023
£
151,104
2023
£
324
1,800
2,124		 2022
£
13,354
697
-
14,051
2022
£
89,357
2022
£
406
1,590
1,996

8 Cash at Bank and in Hand

9 Creditors: liabilities falling due within one year

10 Funds

During the year the movements in the charity's funds were as follows:

Restricted Funds
Ministry staff fund
RISE leadership scheme fund
Equipment fund
Relief fund
Youth fund
Unrestricted Funds
Aggregate of funds		 Opening
balance
2023
£
-
18,313
360
9,033
180
27,886
74,143
102,029		 Incoming
resources
2023
£
25,008
33,968
-
2,880
-
61,856
127,031
188,887		 Outgoing
resources
2023
£
(25,008)
(33,498)
-
(1,340)
-
(59,845)
(59,725)
(119,570)		 Transfers
in the year
2023
£
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
-
18,783
360
10,573
180
29,895
141,451
171,346

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 Unrestricted
funds
£
-
10,722
132,852
(2,124)
141,451		 Restricted
funds
£
124
11,520
18,251
-
29,895		 2023
£
124
22,242
151,104
(2,124)
171,347

In the previous year the movements in the charity's funds were as follows:

Restricted Funds
Ministry staff fund
RISE leadership scheme fund
Equipment fund
Relief fund
Youth fund
Unrestricted Funds
Aggregate of funds		 Opening
balance
2022
£
-
13,871
360
6,694
-
20,926
70,611
91,536		 Incoming
resources
2022
£
10,250
36,209
50
3,531
200
50,240
78,913
129,153		 Outgoing
resources
2022
£
(10,250)
(31,767)
(50)
(1,192)
(19)
(43,279)
(75,381)
(118,660)		 Transfers
in the year
2022
£
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
-
18,313
360
9,033
181
27,886
74,143
102,029

Page 12

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

10 Funds continued

Analysis of net assets by fund

In the previous year the assets and liabilities of the various funds were as follows:

ysis of net assets by fund
e previous year the assets and liabilities of the various funds were as follows:
Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 Unrestricted
funds
£
-
12,652
63,487
(1,996)
74,143		 Restricted
funds
£
617
1,399
25,870
-
27,886		 2022
£
617
14,051
89,357
(1,996)
102,029

The Ministry Staff fund was created from donations received to help employ ministry staff; in the previous year it also included an estimate of the value to the charity of donated ministry staff.

The RISE Leadership Academy fund was created by donations received to help nurture and develop the leadership potential of young African and Caribbean males.

The Equipment fund was created from donations received to help purchase equipment for use by the charity The Relief fund was created by donations received to help those in poverty.

The Youth fund fund was created by donations received to help fund youth work.

11 Transactions with related parties

During the year the charity:

Except for reimbursements of expenses incurred (a) when acting as agent for the charity or (b) when undertaking employment duties not connected with serving as a trustee, no expenses (2022: £nil) were paid to, or for, the trustees.

Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.

12 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 13

THE BRIDGE BATTERSEA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
Gift from London City Mission
on variation of property lease
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total Expenditure
Net income/(expenditure)
Transfers between funds
10
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Funds
2023
£
57,031
-
70,000
127,031
59,725
59,725
67,306
-
67,306
74,143
141,451		 Restricted
Funds
2023
£
61,829
27
-
61,856
59,845
59,845
2,009
-
2,009
27,886
29,895		 Total
Funds
2023
£
118,860
27
70,000
188,887
119,570
119,570
69,317
-
69,317
102,029
171,346		 Unrestricted
Funds
2022
£
78,913
-
-
78,913
75,381
75,381
3,532
-
3,532
70,611
74,143		 Restricted
Funds
2022
£
50,240
-
-
50,240
43,279
43,279
6,960
-
6,960
20,926
27,886		 Total
Funds
2022
£
129,153
-
-
129,153
118,660
118,660
10,493
-
10,493
91,536
102,029

Page 14