Company registration nuinber.. 07530106
Chdrity regi5lratiun nuinber= 1157670
Tewkesbury Nature Reserve Limited
(A company limited by guarantee)
Annual Report and Financial Ststeinents
foi. the Year Ended 31 March 2024
Devereux & Hunt Ltd
51 Basepoint Business Centre
Oakfield Close
Teivkesbury
Glos
GL20 8SD

Tewkesbury Nature Reserve Limited
Contents
Reference and Administrative Details
Independent Examiner's Report
Statemeni of Financial Activities
Balance Shcet
Notes to the Financial Statements
sto 16

Tewkesbury Nature Reserve Limited
Reference and Administratii'e Details
Chairman
Dr L J McEwen
Trustees
L Blacker
A E Charlton
R H A Watkins
H Fleming
KVLang
E S Croose
B A Howell (appointed 7 June 2024)
Registered Office
10 Cornfield Drive
Bishops Cleeve
Cheltenham
GL52 7YR
The Charity 18 incorw)rated in England and Wales.
Company Registration Number
07530106
Charity Registration Number
1157670
Independent Examiner
Devereux & Hunt Ltd
51 Basepoint Business Centre
Oakfield Closc
Tewkesbury
Glos
GL20 8SD
Page I

Tewkesbury Nature Reserve Limited
Trustees, Report
The Trustee5, who are directors for the purp08e8 of company law, preseiit the annual report together with the
financial siatements of tlic charitable company, Tewkesbury Nature Reserve ("TNR" the 'Reserve" or tl)e
"Charity"} for the year ended 31 March 2024.
Objectives and activities
Objeets aims
TNR'S objectives arc spccifically restricted to the conscfvdlion, protection and iinproiiLlllCtil of the physical and
natural environment and the promotioii of the advancement of education of the public in the conservation.
protection and improvement of the pliysieal and natural environinent.
The Tnain aims are-.
to CTcate and mairLtain an urban wctland area, including flood meadows and associated habitats, for the
benefit of wildlife-
the alleviation of flooding risks by better management of the water courses:
to PTovide safe access for the public- and
to educate the public in matters relating to nawre conservation and sustainable land management.
Public benefit
The main activities of TNR during the year were..
securing grant and donation income.
general land management to achieve improved biodiversity. and
provision of nature-connected learning, outreach and healthlwellbeing activities for local communities.
The Trustees confirm that they have coinplied with the requirements of sectioii 17 of the Charities Act 201 I to
have diie regard to the piiblic benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
Nature ofgoverning doeunient
R is controlled by ils governing documenl, a deed of trust. and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Rccruitinent appointmenl of trustees
Vacancies on the Board of Trllstees will be filled by appointments, made by existing trustees, of individuals with
an interest in practical nature conservation. Theii. appoilltmenl to the Board will require the unanimous agreement
of existing Trustees.
Oyganisational strActure
TNR became a registered charity on l July 2014. The current ycar and prior year have been preparcd using the
SORP.
.4chievements and performance
During the year, TNR successfully Secured the necessary funding to appoint new staff to deliver on three distinct
projects- an A¢¢ess and Commullity officer. a 'Do One Thing" Project Officer and a L¢arning and W'ell-heing
Officer. These projects are fundcd respectively by The Bamwood Trust, the Gloucestershire Wildlife Trusl and
Gloucestershirc Nature on Pi'escription.
Page 2

Teivkesbury Nature Reserve Limited
Trustees, Report
Major risks aiid manageiNent ofthose risks
The Trusiees have li duly lo identify dnd review Ihc ribkb lo which Lhe Chaiily is ¢xposed and Lo ensure appropriale
Controls are in place to provide reasonable assurance agaiiist fraud and error.
Fundraifin
The Trustees and staff of TNR have identified project8 which TNR are well placed io deliver. for example with
an einpl)asis on SoLial Prescribing including engagement with marginalised individuals such as isolated senior
citizens, young people from disadvantaged backgrounds and people with physical andlor mental disabilities.
The illdbility tu secure the necessary funding to deliver such projects is therefore cvnsidered a key risk dnd ￿.￿Uld
liinit the Charity's ability to ineet certain ot its objectives, tor exainple in providing safe access and educating the
public in matters relating to nature conservation and sustainable land management.
TNR'S Core fiinding for the ongoing maintenan¢e of the Rcserve is thmugh the Rural Payments Agency ("RPA").
This provides two main incoine streams, the Basic Payment Scheine ("BPS"), which it has been announced will
be phased out by 2027 with payments progressively reduc¢d from 2022 onwards, and Countryside Stewlardsliip
(CS) scheme.
In March 2021, the UK government announced major changes in which the latter funding would in future be
provided through the RPA to fanncrs and land maiiagers. Tlie Enviroiitnental Land Management S¢heme
("ELMS") is the new way the UK government will 8ubqidise land managers after leaving the EU. ELMS has three
schemes M,hich ivill reward environmental land manageinent. two of which are expected to be relevant to TNR. _
Local Nature Recovery and Landscape Recovery.
As ELMS remains in its Irial period and with the phasing out of tl)e BPS, there is a risk to TNR that core funding
may bc insufficient to meet the costs in the Manageinenl Budget for the ongoinLF maintenance of the Re5etve.
Accordingly, TNR has taken up the ofter of extending our Countryside Stewardship income stream trom its
current planned end date of late 2023 by 5 years. At any lime during the tt'ial period, TNR has the option of
transferring from CS to ELMS. There remains a risk that, after transfer in due course lo the ELMS scheme, this is
a inarkedly less valuable iiicome streain th￿] the current CS sChc￿e.
Recl-uilnie￿t O
'Tiwslees aFid Volunteers
TNR is lai'gely reliant on volunteer time. both through ils TNstees and regular volunteers 8cross a range of
activities including maintenance, learning and outi'each and Citizen Science. Furthermore, TNR'S Management
Team includes volunteers providing support in a nuinber of specialist ai'eas.
Should TNR be unable to effectively recruit new TTusiees and Volunteers, either to enlthnee its current position
or replace leavers, then there is a risk that it may not be able to continue to provide its existing services or n]eet
its operational and strategic goals.
Page 3

Tewkesbury Nature Reserve Limited
Trustees, Report
Statement of Trustees, Responsibilities
Th¥ Trusiees (who arc &150 the direclors of Tewkesbury Nature Reserve Limiled for ihe purposes of coinpany
law) are responsible for preparing the Tru5tees' Report and the financial staleinents in accordance with the Uiiited
Kingdom Accounting Standards (United Kingdom Geiierally Accepted Accounting Practice) and applicable law
and regulations.
Company law requires the trustees to prepare financial slalements for each financial year. Under company laiv the
Trustees must not approvc the financial statements unlesi thcy are satisfied that tl)ey give a true and fair viciv of
the state of affairs of the charitable coinpaiiy and of its incomkng resoui-ces and application of resoui'ces, includiiig
its income and expcnditurc, for Ihat pcriod. Tn preparing thcsc financial statcmcnts, tlic Truslccs arc rcquircd to..
select suitable accouniing policies and apply them consistently;
observe the inethods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have bccn followed, siibject to any material
departures discloscd and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The Trustee5 are responsible for keeping adequate accouniing Tecords that al'e sufficient to shoiw and explaiii the
charitablc company's transactions and dis¢losc with rcasonablc a¢curacy at any tirnc thc financial position of the
charitable company and enable them to ensure that the fillancial statements comply with the Companies Aci 2006.
They are also rcsponsible for safeguarding the assets of the charitable company and hence for taking reasonable
stcps for the prevention and detection of fraud and other irregularitiC5.
The annual report was approved by the Trusleets of the Charity on .
Dr L J McEwen
Chairtnan and Trustee
Page 4

Tewkesbury Nature Reserve Limited
Independent Examiner's Report to the trustees of Tewkesbury Nature Reserve Liwnited
('the Company,)
I report to Ihe Charity ttustees on my exainination of the accounts of the Company for the year ended 31 March
2024.
Responsibilitie5 and basis of report
As the Charity'5 tru6te¢s of the Compally (and #150 itb directors for Ihc purposes of Company law) you are
rcsponsible foi. the prepaietion of the accounts in accoi.dance with the reqiiir¢ments of the Companies Act 2006
('the 2006 Act,).
Having salisficd myself that the accounts of the Coinpaiiy are not required to be audited under Part 16 of the 2006
Act and are eligible for ind¢pendent examination, l i'eport in respect of my examination of your Charity's a¢¢ounts
as carried out under section 145 of thc Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have
followed the r)irections given by the Charity c.ommission Linder section 145{5)Ib) of the 2011 Act.
Independent exAminer's Statement
I have completed imy examinatiotl. l eonfirn] that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of Tewkesbury Natui'e Reserve Limited 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 noi been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to cliarities prepariThg their
aecounts in ￿COrdanCe with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
I have no conc¢ms and have come across no other mattel's in connection with the examinaiion to ￿'hICh attention
should be drawn in this report in ordei to eiiable a propel. understandiiig of the accounts lo be l'eached.
Michelle Devereux
FCCA
51 Bascpoint Business Ccnlre
Oakfield Close
Tewkesbuiy
GL20 8SD
Date..
..ISJi.ts.. Z
Page 5

Tewkesbury Nature Reserve Limited
Statement of Financial Activities for the Year Ended 31 March 2024
(tncluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
TDtal
2024
Restricted funds
Note
Ineome and Endowments from:
t)onation.% and legacics
8.027
147,180
155 207
Total income
147,180
155,207
Expenditure on:
Charitable activities
(11,288).- ￿44,5921_
(55,880)
Total expenditure
11.288)
44.592
55.880)
Net expenditure
(3,261)_---
102,588
99.327
Net movement in funds
(3,261 }
102,588
99,327
Reconciliation of fund5
Total ￿ndS brought forward
1,476
Total funds carried forward
13
49,608
104,064
153,672
Unrestricted
funds
Total
2023
Restricted funds
Note
Income and Endowments from:
Donations and legacies
13,173
1.899
15,072
Totsl income
13,173
1,899
15,072
Expenditure on:
Charitablc activities
33,577
79,840
113,417
Total expenditure
33.577
79,840
113.417
Net income
20,404
77,941
98,345
Net movement in funds
(20,404)
(77.941)
{98,345)
Reconciiiarfon of fund5
Total funds brought fonvard
73,273
79,417
152,69
Total ￿ndS carricd fonvard
13
52,869
1.476
All of the Charity's activities derive from continuing operations during the above two periods.
The notes on pages 8 to 16 fonn an integral part of these financial stat¢mcnts.
Page 6

Tewkesbury Nature Reserve Limited
(Registration number: 07530106)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fiyed assets
Tangible assets
12,405
3,310
Current assets
Debtors
Cash at bank and in hand
10
46,234
95,985
142,219
2,708
48,957
51,665
Creditors: Amount5 falling due within one year
12
952
630
Net current assets
141267
51,03)
Net assets
153,672
54,345
Funds of the Charity:
Restricted Income funds
Restricted funds
13
104.064
1,476
Ullrestricted incotne funds
Unrestricted funds
49,608
52,869
Total funds
13
153.672
54,345
For the financial year ending 31 March 2024, the Charity ivas entitled lo exemption from audit under section 477
of the Companies Act 2006 relating to sn]all companies.
Directors, responsibilities..
The members have not required the Charity to obtaiii an audit of its accounts for the year in quesiion in
accordance witli section 476,. and
The directors acknowledge their responsibiliiies for coinplying wit]1 the requirements of the ACE With respect
lo accounLing records and the preparalioii of accounis.
These financial statements liave been prepared in accordanee with the special provisions relating lo companies
subjecl lo ihe small companics r¢gime within Parl 15 of ihe Coinpanies ALI 2006.
Thc fin￿]CIal statemeiits on pages 6 to 15 were approved by tli¢ Trustees- and autlioriscd for issue on ..IC..i£:
and signcd on their bchalf by..
Dr L J McEwen
Chairman
R H A Watkins
Trustee
The notes on pages 8 10 16 foi'm all inlegi'al part of these financial statements.
Page 7

Tewkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity status
The Charity is a company limited by guaraiitee and consequently does not have share capital. Each olthe trustees
Iiamcd on pagc I, togcihei. with John R¢illy and Philip Workman (non-dir¢ctors) is Ikablc to contt'ibutc an amount
not exceeding £10 towards the assets of the Charity in the event of liquidation.
The addTess of its registcrcd office is..
10 Cornfield Drive
Bishops Cleeve
Cheltenham
GL52 7YR
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
Thc principal accounting policics applied in thc prcparation of tbcsc financial stalcincnts are sct out bclow. Thcsc
policies have been collsistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Chai'ilies..
Statement of RecomTnended Prdciice (applicable to charities preparing their accounts in accordance w'ith tlie
Financial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 1021)- (Charities SORP (FRS
102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Act 2006.
Ba515 of preparation
Tewkesbury Nature Reserve Limited meets the definilion of a public bcnefit entity under FRS 102. Assets and
liabilities are initially rccognised at historical cost or transaction value unless otlienvise staled in the relevant
accounting policy notes.
Going concern
The trustees considcr that rhere are no material uncertainties about thc Charity's ability to continue as a going
concern nor any signifLcant areas of uncertainty that affect the carying Tr'alue of assets held by the Charity.
Income and endowments
All income is recognised once the Charity has entiileinent lo the income, it is probable that the income will be
received and the amount of the illcome receivable can be measured reliably.
Donations and legaeies
Donations are recognised when the Charity has been notified in writing of both tlie amount and settlement date.
In the event that a donation is subject to conditions that require a level of perforniance by the Charity before thc
Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully
met, or the tultilinent of those conditions is wholly within the control of the Charity and it is probable that thcsc
conditions will be fvlfilled in the reporting period.
Page 8

Tewkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Grdnts receivable
Grants are recogJnised when the Charity has an entitlement lo the funds and any conditions linked lo the grants
bave been rn￿.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
seltlement is required and the amount can be measured reliably. All cosls are allocaled lo the applicable
expenditure heading that aggregate similar coqts to tliat catcgory. Where costs cannot be direcily attributed to
particular headings Iliey have been allocated oli a bagis consistent witl) thc use of i"esollrces, with central staff costs
allocated on the basis of lime spent, and depreciatioii charges allocated on the portion of the asset's use. Other
8UPPOrt costs are allocated based on the spread of slaff costs.
Taxation
Th¢ Charity claims exemption from corporation lax under section 267 of the CTA 2010 as it operares solely on
ils Lharitable aLtivities.
Tangible fixed assets
Individual fixed asscts ¢osting, £1,000 or more are initially recorded at cost, less any subsequent accumulated
dcpreciation and Subsequent accumulated impairnient losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write oft the cost or valuation, less any estimated residual
value, over their expected useful economic life as follows..
Asset class
Plant and macbinery
Depreeiation method and rxte
25 % reducing balance
Straight line over 10 years
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in tbe ordinary course of
business from supplicrs. Ac¢ounts payable are clas5ifi¢d as curi'cnt liabilities if the Charity does not havc an
unconditional right, at the end of the reporting pcriod, to defer settlcmcnl of the creditor for at least twelve months
after the repotting date. If there is an unconditional right to defer settlement for at least twelie months after the
reporting date, they are presented as non-current lidbilitics.
Trade creditors are recognised initially at the transaction piice and subsequently measured at amortised cost usiiig
the effective interest method.
Fund strueture
Unrcstricied income funds are general funds that are available for use at the trustees, discretion in furtherance of
the objcctives of thc Charity.
Restricted income funds are tbose donated for use in a particular area or foT specific purposes, the use of which is
restricted to that area or purpose.
Page 9

Tewkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
3 . Income from donations and legacies
Unrestricted
funds
General
Restricted
funds
Total
2024
Donations and legacies..
Donations from othcr charitics
Donations from individuals
Doiiations trom businesses
114,539
6,200
114,539
6,635
1.025
435
1.025
Intcrest receivablc
46
46
Grants. including capital grants..
Government grants
6,521
26,441
32,962
8,027
147,180
155,207
Unrestricted
funds
General
Re5trlcted
funds
Total
2023
Donations and legacies..
Donations from other charities
Donations froin individuals
Donations from businesses
1,000
608
50
1,000
2,000
608
50
Grants, including capital grants:
Government grants
11.515
899
12,414
13,173
1,899
15,072
Page 10

Tewkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Expenditure on charitable activities
Unrestrieted
funds
General
Restricted
funds
Total
2024
Total
2023
Wages
Recruitment
9,090
36,329
750
45,419
750
70.605
274
738
Tractor expenses
Motor expenses
Sundry expenses
Professional fees
Advertising and marketing
Habitat creation
Visitor access
472
921
472
921
1.872
420
441
1,452
10,508
9,900
169
3,620
3.074
Rent
Repairs and maintenance
Insurance
Learning and outreach expenditure
Staff training
Bank ¢harges
Accountancy
Tele¢ommunications
Computer expenses
Profil on disposal of fixed assets
Depreciation
1,800
6.111
2,000
3,800
6,111
1.253
708
1,253
1,098
71
9.459
175
85
390
71
306
306
630
650
415
72
508
1.592
923
1,664
(11.931)
1,559
123
(300)
2,411
(11,931)
1,559
11,288
44,592
55,880
113,417
Pagell

Tewkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
5 liet incomingloutgoing resources
Net incoming resources foi the year incliide=
2024
2023
DeprcLi#lion of fixed a55els
1.559
2,411
6 Trustees, remuneration and expenses
No Trustces rcccivcd any rcimburscd cxpcnscs from the Charity during the ycar.
7 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs during the year were:
Wages and salarie8, social security and pcn8ion8
45,419
70,605
The monthly average number of persons employed by the Charity during the year was as follows..
2024
2023
General
No employee received emoluments of more than £60,000 during the year.
8 Taxation
The Charity is a registered charity and is therefore exeinpt from taxation.
Page 12

Teivkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Tangible fiIed assets
Furniture and
equipment
,Motor vehicles
Total
Cost
At l April 2023
Additions
Disposals
8.721
20,806
11,993
20,058
29,527
11,993
20.058)
At 31 March 2024
8,721
12,741
21,462
Deprecladon
At l April 2023
Charge for the year
Eliminated on disposals
7,734
248
18,483
26,217
1,559
18,719
18.719
At 31 Mar¢h 2024
7,982
1,075
9,057
Net book value
At 31 March 2024
739
11.666
12,405
At 31 March 2023
987
2,323
3,310
10 Debtors
2024
2023
Prepayments
Ac¢nEed income
1,391
44,843
46.234
1,006
1.702
2,708
1 I Cash and cash equivalents
2024
2023
Cash at bank
95,985
48,957
12 Creditors: amounts falling due wlthSn one year
2024
2023
Accruals
952
63a
630
952
Page 13

Tewkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
13 Funds
Balance at I
April 2023
Incoming
resources
Resources
expended
Balance at 31
Mareh 2024
Unrestricted funds
Geiieral
General fund
52,869
8.027
111.288)
49.608
Restricted funds
Hitkher Le￿e[ Stewardship
The Summerfield Chaiiiable Trust
Caring for Comrnunities and People
{"CCP") Fund
National Lottery Awards for All
Barnwood Trust
Thriving Communities
CJloucester County Council's Build
Back Better
Tim Jucke5
Gloucestershire Wildlife Trust- Do
One Thing
Gloucestersliire Wildlife Tivst-
Water and Wildlife for Well-being
Ernest Cook Tnist
Tewkesbury Borough Council
6.941
(6,941)
(50}
1,050
1,000
426
426
10,000
40.000
7,500
(10,000)
(10,253)
29.747
7,500
1,000
6,200
(1,000)
(1,469)
4,731
28.392
(3,808)
24,584
30,000
16,147
1,000
(11,071)
18,929
16,147
,000
Total restricted funds
1,476
147,180
44,592
104,064
Total funds
54,345
155,207
(55,880
153.672
Page 14

Teivkesbury Nature Reserve LimKted
Notes to the Financial Statements for the Year Ended 31 March 2024
13 Funds - continued
Balance at I
April 2022
Incoming
resources
Resourees
expended
Balance at 31
March 2023
Unrestricted fund5
General
General fund
73.273
13,173
(33.i77)
52,869
Restricted funds
Higher Level Stewardship
Thc Summerfield Charitable Tnjst
Grccn Rccovcry Challcngc Fulld
Carillg for Communities and People
("CCP") Fund
Tewkesbury Borough Council
Covid Recovery Fund
7,787
(7,787)
(2,323)
168.156)
3,373
76,044
1,050
(7,888)
1,000
(574)
426
1,000
1,000
Total restricted funds
1,899
79,840
1,476
Total funds
152.690
15,072
(113.417)
53,345
The specific purposes for which tlie funds are to be applied are as follows..
Restricted funds
Higher Level Stewardship is a restticted fund to be used foi the inaintenance of the Reserve.
The Summerfield Charitable Trust is a restricted fund to be used on promoting outdoor learning activities on the
Resern'e.
The Green Recovery Challenge fund was a restricted fllnd to be used for the Reserye's 'Green Lung, projeci.
The Caring for Communities and People ("CCP") Fund is a restricted fund to be used for the creation of a
community garden on the Reserve.
The Tewkesbury Borough Council c.ovid Recovery Fund is a rcstricted flind to be used for arts-based activities
to improve physical and mental wellbeing of individuals impacted by Covid-19.
The National Lottery Awards for All Fund, ￿nding trom Tim Juckes and Gloucester County Louncil's Build
Back Better are reslricied funds to be used on promoting outdoor learning activities on the Reserve.
The Barnwood Trust fund is a restricted fund to be uscd for the Reserve's Access project.
The ThTiving Communitieg fund is a restricted fiind to be used foi. the Rc5erve's Out of the Box project.
The Gloucestershire Wildlife Trust- Do One Thing is a restricted fund to be used for the Reserve's Do One Thing
project.
The Gloucestershire Wildlife Trust - Water and Wildlife for Well-being is a restiicted fund to be used for the
Rc5erve's Water and Wildlife for Well_being project.
The Ernest Cook Trust fund is a restricted fund to be used for the Reserve's planned Learning and Outreach
project.
The Tewkesbury Borough Council fund is a restricted fund to be used for arts-based activities to in]prove physical
and mental wellbeing.
Page 15

Tewkesbury Nature Reserve Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
14 Analysis of net assets beth'een funds
Total funds at
31 March 2024
Unrestricted
Restricted
Tangible fixed assets
12,405
12.405
Current ￿setS
37.683
104,536
142,219
Cuffeni liabilities
480
472
952
Net assets
104,064
153,672
Total fund$ at
31 l¥qareh 2023
Unrestricted
Restricted
Tangible fixed assets
Current assets
3,310
3,310
50.189
630
1,476
51.665
630
Current liabilities
Net assets
52,869
1,476
54,345
Page 16