Company Registration Number - 07663557
The Charity Registration Number is :- 1156143
## The Village Church Farm
Report and Accounts
30 June 2024
## **Keith May Accounting Services Ltd**
Aura Business Centre, Heath Road, Skegness, Lincs, PE25 3SJ Telephone: 01754 896998 Mobile: 07934 373790 Email: enquiries@kmaservices.co.uk
## **The Village Church Farm**
## **Report and accounts for the year ended 30 June 2024**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||4|
|**Independent Accountant's Report**||7|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||8|
|Income and Expenditure account||9|
|**Balance sheet**||10|
|**Notes to the accounts**||11|
## **The Village Church Farm**
Company Registration Number - 07663557
## **Trustees' Annual Report for the year ended 30 June 2024**
The Trustees present their Report and Accounts for the year ended 30 June 2024, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- The Village Church Farm.
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1156143.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
## **The principal operating address, telephone number, email and web addresses of the charity are:-**
Church Farm Museum
Church Road South, Skegness Lincolnshire, PE25 2HF Telephone 01754 766658
Email Address thevillageskegness1@outlook.com Web address www.churchfarmvillage.org
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
1
## **The Village Church Farm**
Company Registration Number - 07663557
## **Trustees' Annual Report for the year ended 30 June 2024**
## **The Trustees in office on the date the report was approved were:-**
DWD Bangs P Barry L Beeston M Brown P Dixon SC Garner-Jones R D Steadman L C Thompson R M Walker M P Walton S Wattam
## **The following persons served as Trustees during the year ended 30 June 2024 :-**
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The object of the charity is the promotion and advancement of the education of the public and the community in the history, culture and heritage of The Church Farm Museum and of the County of Lincolnshire and the surrounding area.
The aim of the charity is to provide a hands-on, child-friendly, educational experience for the whole community situated in an open-air museum of agricultural history.
## _**The main activities undertaken in relation to those purposes during the year.**_
During the year, the charity hosted numerous events and also offered educational visits for local schools as well as hosting weekly activities and developing the collections.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## _**The contribution of volunteers during the year.**_
The charity relies on the voluntary work of the directors and members.
2
## **The Village Church Farm**
Company Registration Number - 07663557
## **Trustees' Annual Report for the year ended 30 June 2024**
## **The main achievements and performance of the charity during the year.**
During the year, the charity hosted numerous events and also offered educational visits for local schools as well as hosting weekly activities for the whole community.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
New trustees are recruited through a process of consultation with the recommendation by existing trustees, based on existing needs within the charity.
## **Financial review**
## _**The charity's financial position at the end of the year ended 30 June 2024**_
The financial position of the charity at 30 June 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Called up share capital
**Total Funds**
**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity|**2024**
**£**
(22,782)
-
116,539
116,539|**2023**
**£**
(8,282)
-
139,318
139,318|
|---|---|---|
## _**Financial review of the position at the reporting date, 30 June 2024 .**_
Total expenditure in the year amounted to £48,399 and we have cash funds of £12,741, the trustees consider the level of cash funds appropriate.
## _**Policies on reserves.**_
Our policy is to have sufficient unrestricted reserves to cover 12 months activities and administration costs.
3
## **The Village Church Farm**
Company Registration Number - 07663557
## **Trustees' Annual Report for the year ended 30 June 2024**
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
4
## **The Village Church Farm**
Company Registration Number - 07663557
## **Trustees' Annual Report for the year ended 30 June 2024**
## **Details of The Independent Examiner**
Keith May ACMA CGMA
Member of Chartered Management Accountant Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ
## **Statement of the Directors Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
5
## **The Village Church Farm**
Company Registration Number - 07663557
## **Trustees' Annual Report for the year ended 30 June 2024**
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 8 to 15.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 24 March 2025.
P Dixon Director and Trustee
6
## **The Village Church Farm**
## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 30 June 2024**
I report to the trustees on my examination of the accounts of The Village Church Farm for the year ended 30 June 2024.
## **Responsibilities and basis of report**
As the charity 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
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 financial statements to be reached.
## **Signed:-**
Keith May ACMA CGMA - Independent Examiner
Chartered Management Accountant
Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ
This report was signed on 24 March 2025
7
## **The Village Church Farm - Statement of Financial Activities for the year ended 30 June 2024**
## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 30 June 2024, as required by the Companies Act 2006)**_
|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
27,735
Other
A5
-
**Total income**
**A**
**27,735**
**Expenditure on:**
Charitable activities
B2
50,517
**Total expenditure**
**B**
**50,517**
**Net income for the year**
**(22,782)**
**Net income after transfers**
**A-B-C**
**(22,782)**
**(22,782)**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
139,318
**Total funds carried forward**
**116,536**
**SORP**
**Ref**
**Net movement in funds**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**
-
**-**
**-**
**-**
**-**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**27,735**
**-**
**27,735**
**50,517**
**50,517**
**(22,782)**
**(22,782)**
**(22,782)**
**139,318**
**116,536**|**Prior Year**
**Total Funds**
**2023**
**£**
47,814
1,223
**49,037**
57,319
**57,319**
**(8,282)**
**(8,282)**
**(8,282)**
147,600
**139,318**|
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
**The notes attached on pages 11 to 15 form an integral part of these accounts.**
8
**The Village Church Farm - Statement of Financial Activities for the year ended 30 June 2024**
## **The Village Church Farm**
## **Income and Expenditure Account for the year ended 30 June 2024 as required by the Companies Act 2006**
|**_Income_**
Income from operations
**Gross income in the year before exceptional items**
**_Exceptional items:_**
Realised gains on disposals of tangible fixed assets held for the charity’s own use
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2024**
**£**
27,735
**27,735**
**-**
**27,735**
48,403
2,114
-
**50,517**
**(22,782)**
-
**(22,782)**
**(22,782)**|**2023**
**£**
47,814
**49,037**
**-**
**49,037**
54,592
2,727
-
**57,319**
**(8,282)**
-
**(8,282)**
**(8,282)**|
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
9
## **The Village Church Farm - Balance Sheet as at 30 June 2024**
|Note
**SORP**
**Ref**
**Fixed assets**
A
Tangible assets
8
A2
**Current assets**
B
Debtors
9
B2
Investments held as current assets
B3
Cash at bank and in hand
B4
**Total current assets**
**Creditors: amounts falling due within**
**one year**
10
C1
**Net current assets**
**The total net assets of the charity**
**Restricted funds**
**Unrestricted Funds**
Unrestricted Revenue Funds
16
D3
**Designated Funds**
**Total charity funds**
**The total net assets of the charity are funded by the**|
**2024**
**2023**
**£**
**£**
68,262
70,096
39,040
45,978
1
1
12,741
27,813
51,782
73,792
(3,504)
(4,570)
48,278
69,222
**116,540**
**139,318**
-
-
116,536
139,318
116,536
139,318
**116,536**
**139,318**
**funds of the charity, as follows:-**|
|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 7.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
P Dixon Trustee
Approved by the board of trustees on 24 March 2025
10
## **The Village Church Farm**
## **Notes to the Accounts for the year ended 30 June 2024**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Risks and future assumptions**
The charity is a public benefit entity.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classifie dunder headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises 0 % straight line Plant and machinery 25 % reducing balance
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
11
## **The Village Church Farm**
## **Notes to the Accounts for the year ended 30 June 2024**
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no designated funds.
There are no restricted funds.
There are no endowment funds.
## **2 Liability to taxation**
The charity is exempt from corporation tax on its charitable activities.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
If there are no significant implications of such matters.
## **5 Net surplus before tax in the financial year**
|The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
**6**
**Staff costs and emoluments**
**_Salary costs_**
Gross Salaries excluding trustees and key management personnel
Employer's National Insurance for all staff
Employer's contribution to defined benefit pension schemes
**Total salaries, wages and related costs**|**2024**
**£**
2,114
**2024**
**£**
22,755
-
496
**23,251**|**2023**
**£**
2,727
**2023**
**£**
28,377
-
174
**28,551**|
|---|---|---|
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **7 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
12
## **The Village Church Farm**
## **Notes to the Accounts for the year ended 30 June 2024**
## **8 Tangible fixed assets**
|**_Current Year_**
**Cost**
At 1 July 2023
Additions
**At 30 June 2024**
**Depreciation**
At 1 July 2023
Charge for the year
**At 30 June 2024**
**Net book value**
**At 30 June 2024**
**At 30 June 2023**
**_Prior Year_**
**Cost**
01 July 2022
Additions
Disposals
**01 July 2023**
**Depreciation**
01 July 2022
Charge for the year
On disposals
**01 July 2023**
**Net book value**
**01 July 2023**
**01 July 2022**
**Debtors**
Prepayments and accrued income
Other debtors|**Land and**
**Buildings**
£
61,932
-
**61,932**
-
-
**-**
**61,932**
**61,932**
**Land and**
**Buildings**
£
61,932
-
-
**61,932**
-
-
-
**-**
**61,932**
**61,932**|**Plant &**
**Machinery**
£
30,347
280
**30,627**
22,183
2,114
**24,297**
**6,330**
**8,164**
**Plant &**
**Machinery**
£
19,787
12,733
(4,596)
**27,924**
16,060
3,925
(3,834)
**16,151**
**11,773**
**3,727**|**Motor**
**Vehicles**
£
-
-
**-**
-
-
**-**
**-**
**-**
**Motor**
**Vehicles**
£
-
-
-
**-**
-
-
-
**-**
**-**
**-**
**2024**
**£**
1,944
37,096
**39,040**|**Total**
**Total**
£
£
92,279
92,279
280
280
**92,559**
**92,559**
22,183
22,183
2,114
2,114
**24,297**
**24,297**
**68,262**
**68,262**
**70,096**
**70,096**
**Total**
**Total**
£
£
81,719
81,719
12,733
12,733
(4,596)
(4,596)
**89,856**
**89,856**
16,060
16,060
3,925
3,925
(3,834)
(3,834)
**16,151**
**16,151**
**73,705**
**73,705**
**65,659**
**65,659**
**2023**
**£**
2,000
43,978
**45,978**|
|---|---|---|---|---|
- **9 Debtors**
13
## **The Village Church Farm**
## **Notes to the Accounts for the year ended 30 June 2024**
## **10 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors|**2024**
**£**
-
636
176
2,692
**3,504**|**2023**
**£**
612
1,036
421
2,501
**4,570**|
|---|---|---|
## **11 Loans to trustees included in debtors**
There are no loans to trustees included in the debtors
## **12 Guarantees made by the charity on behalf of trustees**
There are no guarantees made by the charity on behalf of its trustees.
## **13 Share capital**
|**2024**
**Nominal value**
**Number**
**Allotted, called up and fully paid:**
Ordinary shares
£1 each
**-**
**14 Income and Expenditure account summary**
**At 1 July 2023**
Surplus after tax for the year
**At 30 June 2024**|**2024**
**£**
**-**
**-**
**2024**
**£**
139,318
(22,782)
**116,536**|**2023**
**£**
**-**
**-**
**2023**
**£**
147,600
(8,282)
**139,318**|
|---|---|---|
## **15 Particulars of how particular funds are represented by assets and liabilities**
|**At 30 June 2024**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 July 2023**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
68,262
51,782
(3,504)
**116,540**
**Unrestricted**
**funds**
**£**
70,096
73,792
(4,570)
**139,318**|**Designated**
**funds**
**£**
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
-
-
-
**-**
**Restricted**
**funds**
**£**
-
-
-
**-**|**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**68,262**
**68,262**
**51,782**
**51,782**
**(3,504)**
**(3,504)**
**116,540**
**116,540**
**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**70,096**
**70,096**
**73,792**
**73,792**
**(4,570)**
**(4,570)**
**139,318**
**139,318**|
|---|---|---|---|---|
14
## **The Village Church Farm**
## **Notes to the Accounts for the year ended 30 June 2024**
## **16 Change in total funds over the year as shown in Note 15 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**Total charity funds**|**Funds brought**
**forward from**
**2023**
**£**
139,318
**139,318**
**139,318**|**Movement in**
**funds in 2024**
**See Note 17**
**£**
(22,782)
**(22,782)**
**(22,782)**|**£**
**-**
**-**
**-**
**Transfers**
**between**
**funds in 2024**|**Funds carried**
**forward to**
**2025**
**£**
**£**
**116,536**
**116,536**
**116,536**
**116,536**
**116,536**
**116,536**
**Funds carried**
**forward to**
**2025**|
|---|---|---|---|---|
## **17 Analysis of movements in funds over the year as shown in Note 16**
||||**Other**||||
|---|---|---|---|---|---|---|
||**Income**|**Expenditure**|**Gains &**||**Movement**|**Movement**|
||||**Losses**||**in funds**|**in funds**|
||**2024**|**2024**|**2024**||**2024**|**2024**|
||**£**|**£**|**£**||**£**|**£**|
|**_Unrestricted and designated funds:-_**|||||||
|Unrestricted Revenue Funds|27,735|(50,517)||-|**(22,782)**|**(22,782)**|
## **18 The purposes for which the funds**
## _**Unrestricted and designated funds:-**_
Unrestricted Revenue Funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
## **19 Ultimate controlling party**
The charity is under the control of its legal members.
15