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← The Ashmolean Museum Endowment Trust

2025-04-05-accounts

Ashmolean Museum Endowment Trust

Contents

For the year ended 5 April 2025

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Page
Charity information 1
Trustees' report 2 - 3
Independent auditors' report 4 - 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 16
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Ashmolean Museum Endowment Trust

Charity information For the year ended 5 April 2025

Trustees

Sir Martin Smith Mr Bernard John Taylor CVO CBE DL Professor Irene Mary Carmel Tracey CBE FRS Lord James Roger Crompton Lupton CBE Dr Alexander John Sturgis CBE

Registered address and principal office

Farrer & Co 65-66 Lincoln's Inn Fields London WC2A 3LH

Registered number

1154932

Auditors

Saffery LLP St Catherine's Court Berkeley Place Clifton Bristol BS8 1BQ

Bankers

Coutts & Co 440 Strand London WC2R 0QS

Solicitors

Farrer & Co LLP Farrer & Co 65-66 Lincoln's Inn Fields London WC2A 3LH

Investment managers

OUEM Ltd 27, Park End Street Oxford OX1 1HU

Page 1

Ashmolean Museum Endowment Trust

Trustees' report For the year ended 5 April 2025

The trustees present their report and financial statements for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 11 to 12 and comply with the charity's trust deed and applicable law, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2019 (FRS 102).

Objectives and activities for the public benefit

The object of the trust is to advance education in the arts and archaeology for the public benefit at the Ashmolean Museum of Arts and Archaeology ("the museum") in the University of Oxford by the provision of financial and other support including but without limitation to support for general upkeep, teaching, research and the facilitation of public access. Admission to the museum is free of charge. The trustees confirm that they have referred to the Charity Commission guidance on public benefit when reviewing the trust's aims and objectives, in planning future activities and setting grant making policy.

Structure, governance and management

Ashmolean Museum Endowment Trust (registered number 1154932) is governed by a trust deed dated 29 October 2013 which established the trust. The registered office is detailed on page 1.

The trust's bankers are Coutts & Co, and Farrer & Co LLP of 65-66 Lincoln's Inn Fields, London, WC2A 3LH are the trust's solicitors.

The trustees, who all served for the whole of the year ending 5 April 2025, are:

Sir Martin Smith Mr Bernard John Taylor CVO CBE DL Professor Irene Mary Carmel Tracey CBE FRS Dr Alexander John Sturgis CBE Lord James Roger Crompton Lupton CBE

The trustees as a body are entitled to appoint one or more new trustees and at all times there must be at least three trustees, the majority of whom must be resident in the United Kingdom. The trustees meetings are held at appropriate regularity throughout the year. The trustees have established a policy on trustee training whereby any new trustees without the necessary experience receive training concerning trustee duties, responsibilities and obligations.

The key management personnel of the charity do not receive any remuneration.

Risk management

The principal risks faced by the trust lie in the performance of its investments. This investment risk is mitigated by engaging expert investment managers.

Achievements and performance

The trustees are satisfied with the performance of the investments. The charity made donations of £371,324 to the Ashmolean Museum during the year.

Page 2

Ashmolean Museum Endowment Trust

Trustees’ report (continued) For the year ended 5 April 2025

Reserves policy

The trustees aim to maintain sufficient free cash to make no less than one annual donation to the Ashmolean Museum and to pay, out of restricted income, for the governance costs. In line with this policy, free cash stood at £482,451 at 5 April 2025.

Financial review

The trust's work is entirely reliant on income from donors and returns from its investment. The trustees expect the value of the charity's donations in pursuit of its objects to increase over time.

Investment policy and performance

The trust has an investment policy and employ fund managers who make investments in accordance with the long term nature of the trust's objects.

Trustees’ responsibilities in relation to the financial statements

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 ofthe charity and of the incoming resources and application of resources ofthe charity for that period. 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, applicable accounting regulations 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.

Auditors

The Charity’s auditors, Saffery LLP, have expressed their willingness to continue in office, and a resolution to reappoint them will be proposed at a meeting of[the][Trustees.]

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Mr Bernard 2 As CVO CBEDL
Signed on behalfof the Trustees, on § . ¥¢. 2
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Page 3

Ashmolean Museum Endowment Trust

Independent auditors' report to the Trustees For the year ended 5 April 2025

Opinion

We have audited the financial statements of Ashmolean Museum Endowment Trust for the year ended 5 April 2025 which comprise the statement of financial activities, the balance sheet, statement of cashflows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

· give a true and fair view of the state of the charity’s affairs as at 5 April 2025 and of its incoming resources and application of resources for the year then ended;

· have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 4

Ashmolean Museum Endowment Trust

Independent auditors' report to the Trustees (continued) For the year ended 5 April 2025

Other information (continued)

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

· the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements; or

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

We have been appointed as auditors under the Charities Act 2011 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 5

Ashmolean Museum Endowment Trust

Independent auditors' report to the Trustees (continued) For the year ended 5 April 2025

Auditors’ responsibilities for the audit of the financial statements (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the charity’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charity by discussions with trustees and updating our understanding of the sector in which the charity operates.

Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and guidance issued by the Charity Commission for England and Wales.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charity’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charity’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Page 6

Ashmolean Museum Endowment Trust

Independent auditors' report to the Trustees (continued) For the year ended 5 April 2025

Auditors’ responsibilities for the audit of the financial statements (continued)

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities .

Use of our report

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. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Saffery LLP Chartered Accountants

Statutory Auditors

St Catherine's Court

Berkeley Place Clifton Bristol

BS8 1BQ

Date: 14 October 2025

Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

Page 7

Ashmolean Museum Endowment Trust

Statement of financial activities For the year ended 5 April 2025

Unrestricted
Unrestricted
General
Designated Restricted
Total
Total
funds
funds
funds
funds
funds
2025
2025
2025
2025
2024
Note
£
£
£
£
£
Income from
Donations and legacies
10,579
352
834
11,765
210
Investments
158,182
96,260
227,821
482,263
459,262		 Unrestricted
Unrestricted
General
Designated Restricted
Total
Total
funds
funds
funds
funds
funds
2025
2025
2025
2025
2024
Note
£
£
£
£
£
Income from
Donations and legacies
10,579
352
834
11,765
210
Investments
158,182
96,260
227,821
482,263
459,262
Total 168,761
96,612
228,655
494,028
459,472
Expenditure on
Charitable activities
2		 126,750
77,134
182,549
386,433
382,569
Total 126,750
77,134
182,549
386,433
382,569
Gain/(loss) on investments 34,538
21,017
49,743
105,298
581,455
Net movement in funds 76,549
40,495
95,849
212,893
658,358
Reconciliation of funds:
Total funds brought forward		 3,929,793
2,391,470
5,659,814
11,981,077
11,322,719
Total funds carried forward
7		 4,006,342
2,431,965
5,755,663
12,193,970
11,981,077
3,929,793
2391470
5,659,814

The Charity has no recognised gains or losses other than the results for the year as set out above. All activities of the Charity are classed as continuing.

32.80% 19.96% 47.24%

See note 13 for fund accounting comparative figures.

The notes on pages 11 to 16 form part of these financial statements.

Page 8

Ashmolean Museum Endowment Trust

Balance sheet

As at 5 April 2025

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|||||| |---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Fixed|assets| |Investments|at market value|4|11,674,404|11,337,106| |Current assets| |Cash|at bank and|in hand|482,452|608,072| |Debtors|5|48,514|46,032| |Liabilities| |Creditors|falling due withinone year|6|(11,400)|(10,133)| |Net current assets|519,566|643,971| |Net assets|12,193,970|11,981,077| |The funds ofthe|charity:| |Restricted|funds|5,755,663|5,659,814| |Designated|funds|2,431,965|2,391,470| |Unrestricted|funds|4,006,342|3,929,793| |Total|charity funds|7&8|12,193,970|11,981,077|

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The notes on pages 11 to 16 form part of these financial statements.

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Mr Bernard | Taylqi CVO CBE DL “~
Approved on behalf of the Trustees on A Spe. M25
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Page 9

Ashmolean Museum Endowment Trust

Statement of cash flows As at 5 April 2025

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2025 2024
Notes £ £
Cash generated from operating
activities 11 106,380 69,526
Cash flows from investing activities
Purchase of investments (232,000) -
-
Cash used in investing activities (232,000)
- -
Cash flows from financing activities
Increase/(decrease) in cash and cash
equivalents in the year (125,620) 69,526
Cash and cash equivalents at the
beginning of the year 608,072 538,546
Total cash and cash equivalents at the
end of the year 482,452 608,072
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Page 10

Ashmolean Museum Endowment Trust

Notes to the financial statements For the year ended 5 April 2025

1 Accounting policies

1.1 Accounting convention

The 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) applicable from 1 January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts have been rounded to the nearest £1.

The charity constitutes a public benefit entity as defined under FRS 102.

The financial statements have been prepared under the historical cost convention.

1.2 Incoming resources

Donations are recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or when the donor has specified that the income is to be expended in a future period. Investment income is accounted for on its receipt.

1.3 Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.

There is no requirement to apportion overheads other than on a direct basis. This is due to there being only one charitable activity undertaken by the trust.

1.4 Investments

Fixed asset investments are included at market value at the balance sheet date.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.

1.5 Taxation

The Trust is a registered charity and is not liable to United Kingdom income tax or corporation tax on charitable activities.

1.6 Financial instruments

The charity has applied the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Other than where specifically stated all of the charity’s financial instruments are classed as basic financial instruments.

Financial assets are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Page 11

Ashmolean Museum Endowment Trust

Notes to the financial statements (continued) For the year ended 5 April 2025

1 Accounting policies (continued)

1.6 Financial instruments (continued)

Financial assets are classified into specified categories. The classification depends on the nature and purpose of the financial assets and is determined at the time of recognition.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

1.7 Fund accounting

Unrestricted funds are those funds which are available for use at the discretion of the trustees in furtherance of the general objects of the charity and which have not been designated for specific objects.

The restricted funds are donations which the donors have specified what their donation is to be used for in specific areas of the trust’s work. The restricted funds relate to supporting the curators of ancient Egypt and Sudan Collections, Northern European Art, Greek and Aegean Art and Indian Art.

The designated funds are additional funds that the Trustees intend to spend on the same areas as the restricted funds.

1.8 Going concern

At the time of the approval of the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2
Charitable activities
Governance costs (note 3)
Donations to Ashmolean
Museum		 Unrestricted
Unrestricted
General
Designated
funds
funds
2025
2025
£
£
121,793
74,119
4,957
3,015
126,750
77,134		 Restricted
funds
2025
£
175,412
7,137
182,549		 Total
funds
2025
£
371,324
15,109
386,433		 Total
funds
2024
£
370,000
12,569
382,569

The average number of staff employed by the trust totalled nil (2024: nil). No staff members received any remuneration during the current or previous year, and therefore none received remuneration exceeding £60,000.

Page 12

Ashmolean Museum Endowment Trust

Notes to the financial statements (continued) For the year ended 5 April 2025

3
Governance costs
Unrestricted
Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
Audit fees
6,493
5,814
12,307
Fees to auditor for non-audit services
950
850
1,800
Bank charges
520
465
985
Foreign exchange (gain)/loss
9
8
17
7,972
7,137
15,109
4
Fixed asset investments
2025
£
Listed investments
Market value at 6 April 2024
11,337,106
Cash transferred into fund
232,000
(Loss) / Gains on investment
105,298
Market value at 5 April 2025
11,674,404
5
Debtors
2025
£
Prepayments and accrued income
48,514
6
Creditors: amounts falling due within one year
2025
£
Trade creditors and accruals
11,400
The audit fee represents costs relating to the provision of audit services and accounts production.		 Total
funds
2024
£
11,063
-
722
784
12,569
2024
£
10,755,651
-
581,455
11,337,106
2024
£
46,032
2024
£
10,133

The above financial instruments are carried at amortised cost.

Page 13

Ashmolean Museum Endowment Trust

Notes to the financial statements (continued) For the year ended 5 April 2025

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7 Funds
Unrestricted Designated Restricted Total
funds funds funds funds
2025 2025 2025 2025
£ £ £ £
As at 6 April 2024 3,929,793 2,391,470 5,659,814 11,981,077
Income 10,579 352 834 11,765
Expenditure (126,750) (77,134) (182,549) (386,433)
Realised gains 158,182 96,260 227,821 482,263
(Loss) / gain on investments 34,538 21,017 49,743 105,298
As at 5 April 2025 4,006,342 2,431,965 5,755,663 12,193,970
Prior period comparative
Unrestricted Designated Restricted Total
funds funds funds funds
2024 2024 2024 2024
£ £ £ £
As at 6 April 2023 3,713,852 2,423,795 5,185,072 11,322,719
Income 69 42 99 210
Expenditure (133,929) (73,853) (174,787) (382,569)
Realised gains 150,638 91,669 216,955 459,262
(Loss) / gain on investments 190,717 116,060 274,678 581,455
Transfer between funds 8,446 (166,243) 157,797 -
As at 5 April 2024 3,929,793 2,391,470 5,659,814 11,981,077
The purposes of the restricted and designated funds are as described in note 1.7.
2024 Incoming Outgoing 2025
£ £ £ £
Material restricted and designated funds are:
Selz Curator of Ancient Egypt and Sudan Collections 2,228,481 109,615 (71,877) 2,266,219
Sir Arthur Evans Curator of Greek and Aegean Art 2,060,745 101,364 (66,466) 2,095,643
Christopher Brown Curator of Northern European Art 1,988,859 97,828 (64,148) 2,022,539
Curator of Indian Art 1,773,199 87,220 (57,192) 1,803,227
Total 8,051,284 396,027 (259,683) 8,187,628
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Page 14

Ashmolean Museum Endowment Trust

Notes to the financial statements For the year ended 5 April 2025

8 Analysis of net assets between funds

Unrestricted
funds
2025
£
Fixed assets
3,829,195
Current assets
180,878
Current liabilities
(3,731)
4,006,342		 Designated
funds
2025
£
2,330,261
103,982
(2,278)
2,431,965		 Restricted
funds
2025
£
5,514,948
246,106
(5,391)
5,755,663		 Total
funds
2025
£
11,674,404
530,966
(11,400)
12,193,970

Prior period comparative

Unrestricted
funds
2024
£
Fixed assets
3,725,375
Current assets
214,551
Current liabilities
(10,133)
3,929,793		 Designated
funds
2024
£
2,260,910
130,560
-
2,391,470		 Restricted
funds
2024
£
5,350,821
308,993
-
5,659,814		 Total
funds
2024
£
11,337,106
654,104
(10,133)
11,981,077

9 Trustees' remuneration

The charity did not pay any expenses or emoluments to the Trustees or those connected to the Trustees during the period.

10 Related party transactions

The key management personnel received no remuneration during the current or previous years.

As per note 2, donations were made to the Ashmolean Museum totalling £371,324 (2024: £370,000). Dr Alexander Sturgis CBE (a Trustee) is the Director of the Ashmolean Museum.

11 Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Investments movement
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash generated from operating activities
12
Analysis of changes in net debt
At 6 April 2024
£
Cash at bank and in hand
608,072
608,072		 Cashflow
£
(125,603)
(125,603)		 2025
£
212,893
(105,298)
(2,482)
1,267
106,380
Foreign
exchange
movements
£
(17)
(17)		 2024
£
658,358
(581,455)
(3,801)
(3,576)
69,526
At 5 April 2025
£
482,452
482,452

Page 15

Ashmolean Museum Endowment Trust

Notes to the financial statements (continued)

For the year ended 5 April 2025

13 Comparative statement of financial activities

General
Unrestricted
funds
2024
£
Income from
Donations and legacies
69
Investments
150,638
Total
150,707
Expenditure on
Charitable activities
133,929
Total
133,929
Gains on investments
190,717
Net income/(expenditure)
207,495
Transfers between funds
8,446
Net movement in funds
215,941
Reconciliation of funds:
Total funds brought forward
3,713,852
Total funds carried forward
3,929,793		 Designated
funds
2024
£
42
91,669
91,711
73,853
73,853
116,060
133,918
(166,243)
(32,325)
2,423,795
2,391,470		 Restricted
funds
2024
£
99
216,955
217,054
174,787
174,787
274,678
316,945
157,797
474,742
5,185,072
5,659,814		 Total
funds
2024
£
210
459,262
459,472
382,569
382,569
581,455
658,358
-
658,358
11,322,719
11,981,077

Page 16