Charity registration number: 1158811 North Devon Display Gymnastics Club Annual Report and Financial Statements for the Year Ended 31 March 2025 WESTCOTTS CHARTERED ACCOUNTANTS & AUSINES$ ADVISÈRS
North Devon Display Gymnastlcs Club Contents (contlnued) Reference and Administrative Details Trustees, Report 2to5 Indépendent Examlnevs Report Statement of Flnanclal Actlvltles Balan Sheet Notes to the Financial Statements 9t019
North Devon Dlsplay Gymnastics Club Reference and Administrative Details Trustees: Victoria White Jayne Poole Claire Fowler Michelle Atkinson Heather Lofthouse Samantha Shorey (resigned 23 April 2024) Michelle Gordon (resigned 24 April 2024) Susan Cawsey (resigned 13 June 2024) Charlotte Wonnacott (appointed 21 November 2024) Charity Registration Number 1158811 Princlpal Offlce Unit 9a Caddsdown Industrial Estate Bideford Devon EX39 3DX Westcotts (SW) LLP Independent Examiner 47 Boutport Street Barnstaple Devon EX31 1SQ Independent Examiner Page 1
North Devon Display Gymnastics Club Trustees. Report The trustees present the annual report together with the financial statements of the charity for the year ended J1 March 2025. Structure. governance and management Nature of goveming document The club is governed by a constitution dated 8th October 2014. The trustees are appointedlremoved by a democratic process. The club became an Incorporated Charitable Organisation (CIO) on the 8th October 2014. This is a technical change of status similar to a Limited Company and affords the trustees a limit6KI liability with legal requirements of the Club. It has made no differen to the way the members see the Club run on a daily basis. Glaire Fowler. Jayne Poole, Vickie White and Michelle Gordon who are employees of the Club are also trustees of the Club. The salary they re1ve relates entlrely to their employment duties. They receive no payment in respect of their positions as Trustee. The impact of Employment and Data Protection legislation is ongoing and built into budgets. In recognition of the ever-increasing statutory requirements on the Club and in particular, employers, the Trustees have had to consider the financial and personnel effect that the regular increases in the rninimum wage, living wage and pensions has and will make. With that in mind efforts have been made to increase classes and absorb those waiting for places as quickly as possible. The Club's accountants who run the payroll. along with personnel guidance and advi, also administer the workplace pension scheme. Objectives and activitles Objects and aims To advan the physical education and development of children by the provision of gymnasium facilities and instruction in gymnastics. It has always been and remains the ethos of the Club to be open to all as a grass roots Club embedded in the Community. In doing this our aims are to bring the sport of Gymnastics and the associated activities of the North Devon Display Gymnastics Club to as many people of all ages and abilities as possible and to have a reputation built around Accessibility, Inclusion. Safety, Enjoyment and Aspiration. In being fortunate to have such positive and motivated teams both as TrLJStees and in Coaching. it was inevitable there would be success and continuing developtnents in the Club administration. Coach Education. Individual Gymnasts and the Display Team. Public benefrt In planning our activities for the year. we kept in mind the Charity Commission guidance on public benefit. As mentioned above our activities are operi to all children regardless of their age or ability. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
North Devon Display Gymnastics Club Trustees. Report (continued) Objectives. strategiés and activities The 202412025 year saw the club go from strength to strength, with classes full and now having waiting lists. It has always been and remains the ethos of the club to be open to all as a grass roots dub embedded in the community. In doing this. our aims are to bring the sport of gymnastics and the associated activities of the North Devon Display Gymnastics Club to as many people of all ages and abilities as possible and to have a reputation built around Accessibility. Inclusion. Safety, Enjoyment and Aspiration. In recognition of the ever increasing statlrtory requirements on the club and in particular, employers. the trustees have had to consider the financial and personnel effect that the regular increases in minimum wage. living wage and pensions has made. The dub's accountants who run the payroll. along with personnel guidan and advice. also administer the workplace pension scheme. Class fees are reviewed regularly and increased as necessary to cover the overheads of the dub. During the year we have also been fortunate to attract some grant funding from various local organisations towards coaching and equipment. The past year has seen the club move forward positively and proactively. Since the appolnting of our new head coach we have worked together as a committee of trustees and coaches to Improve the ethos of the club moving forward. The coaching team have worked together to provide a more consistent and cohesive plan of teaching. Some of Ihe changes implemented are; 8 new awards scheme for the recreational classes to replace the BG badge system. termly progress reports, performance pathways. annual awards and celebration evening & a young leader program. Our young helpers and super helpers from within the club have proved very successful. It has bean great to see these young people sharing their own skills and knowledge with the younger members. Our aim is to brlng through well trained and qualified coaches to cary the club into the future, with Investment by the club, both financially and as mentors. The club has thrived thls year, with many events taklng place both within the cSub and the gymnastics community. In November 24 we held our first Awards and Celebralion under the new management. It was wonderful to lebrate the achievements and hard work of all our gymnasts and to see their progress. The event was a sellout Sucss. with very positive feedback from parents and gymnasts. Plans were put under way for an even more spectacular event in November 25. Our new levels assessment scheme held testing in February and June, with many gymnasts passing their grades and altaining medals. The levels system has been implemented throughout the lesson plans in the recreational classes and gymnasts are showing improvement, particularly in basic skills. We ran our very successful recreational competition in April 25. The competition gives our recreational gymnasts a chance to show off their skills in a fun and friendly competitive environment. We have used the results to create a perfortnance pathway through the club, with high performing gymnasts being selected for the development team. February 25 saw the junior display team being invited to perform in the half time show at the mens rugby final at Exeter Chiefs. The team enjoyed learning and performing routines to a packed stadium. Alton Towers was the destinatlon for our trip In June 25 wlth the display team performing their Rhianna Megamix routlne at the Chance to Dance festival. This was a great trip with the opportunity to visit the theme park and splash pool at Mton Towers being the highlight. Any club member of school age can join the display team regardless of ability. Page 3
North Devon Display Gymnastics Club Trustees. Report (continued) The dp.vp.Inprnent team had an extremely successful year, attending competitions at Penryn and Baskervilles. The team achieved the top slx and top 3 placings in most categorles which is an amazing achievement. Following the success of our developmenvcompetition team, we have created a performance pathway within the dub for gyimnasts that show potential. This includes a predevelopment class running alongside the development and an advanced recreational class. The introduction of Ihese new classes will give structure and purpose. encouraging gymnasts that want to work hard. There has been a proactive fundraising effort this year. with many fun events being held, including the sleepovers. and bingo nights. None of the above would be possible without the huge commitment and hard work given by our coaches, trustees and volunteers, and my personal thanks go to everyone, especially our head coach Vickie who works tirelessly, along with our club manager, aiming for the best future for both the club and its gymnasts. I really appreciate all your hard work and commitment to helping the club remain true to its core values. In closing, the club is in a strong and healthy position, wlth an increase in membership meanlng that most recreational classes are full and some even have waiting lists. The development team are working hard and tralning is under way for upcoming competltions. 1, and the trustees, look fomard lo the new gym year, as always with great optimism. Jayne Poole Club Chairman Flnanclal review The net assets of the Club ar8 £85,511 as at 31st March 2025 (2024: £72,593). Total income for the year increased from £113,722 in 2024 to £129.174 in 2025. Expenditure totalled £116,256 in 2025 compared with £122,276 in 2024. The total bank and cash held in all accounts as at 31st March 2025 totalled £76,854, thls compares with the total bank and cash balance of £67,671 as at 31 st March 2024. Policy on resetves To address the Club's long-term liabilities and SponSIbl]it1es. the Trustees set up a contingency bank account with the aim of accumulating enough funds to cover 6 months of outgoings in reserve. This gives stability and security. Al the year end the unrestricted reserves stood at £81,788 (2024: £61.256). This equates to 8 months of unrestricted expenditure. At the year end the restricted reserves stood at £3.723 (2024: £11,337). Page 4
North Devon Display Gymnastics Club Trustees. Report (continued) Statement of Trustees. Responslbllltles The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required lo: select suitsble accounting policies and then apply them consistently; observe the methi]ds and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concem basis unles5 it is inappropriate lo presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of Ihe charity and enable them to ensure that the financial statements comply with the Charitles Act 2011, the Charlties (Accounts and Reports) Regulatlons 2008, and the provislons of the constitutlon. The trustees are also responsible for safeguarding the assets of the charity and hen for taking re8sonable steps for the prevention and detection of fraud and other irregularities. The trustees 8re responsible for the maintenance and integrity of the corporate and financial infomiation included on the charitable companys website. Legislatlon governing the preparation and dissemination of flnanclal statements may differ from legislation In other jurisdictions. The annual report was approved by the trustees of the charity on behalf by. signed on its Claire Fowler Trustee Page 5
North Devon Display Gymnastics Club Independent Examiner's Report to the trustees of North Devon Dlsplay Gymnastics Club I report to the trustees on my examination of the accounts of North Devon Display Gymnastics Club for the year Énd8d 31 March 2025. Responsibilities and basis of report As the charity trustees of North Devon Display Gymnastics Club you 8re responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the North Devon Display Gymnastics Club's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's statement 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- 1. accounting records were not kept in respect of North Devon Display Gymnastics Club as required by section 130 of the Act,, or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charltles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a 'true and falr view which is not a matter considered as part of an independent examlnation. I have no concerns and have come across no other matters In connectlon with the ex8minatSon to which attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Catherine Williams FCA DChA Westcotts (SW> LLP Independent Examiner 47 Boutport Street Bamstaple Devon EX31 1SQ Page 6
North Devon Display Gymnastics Club Statement of Financial Activities for the Year Ended 31 March 2025 Unrestricted funds Restrlcted funds Total 2025 Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Investment income Other trading activities 700 118,539 832 7.949 1,154 1,854 118,539 832 7.949 11,318 97,237 938 4.229 Total income 128,020 1,154 129.174 113.722 Expenditure on: Charitable activities (113.466) (2.790) (116.256) (122,276 (122,276) Total expenditure (113,466) (2.790) 116.256) Net incomel(expenditure) Gross transfers between fvnds 14.554 (1,636) 12,918 (8,554) 5,978 (5,978) Net movement in funds 20,532 (7,614) 12.918 (8.554) Reconcillation of funds Total funds brought forward 61,256 11,337 72,593 81.147 Total funds carried forward 18 81.788 3,723 85,511 72,593 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 18. The notes on pages 9 to 19 form an integral part of these financial statements. Page 7
North Devon Display Gymnastics Club (Registration number: 1158811) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 13 6,188 2,401 14 15 1,477 3,094 76,854 81,425 2,222 2,474 67,671 72,367 Credltors: Amounts falllng due within one year Net current assets 16 (2,102) 2,175 79.323 70,192 Net assets 85,511 72,593 Funds of the charlty: Restricted funds Unrestricted funds 3,723 81,788 11,337 61,256 Total charity funds 18 85,511 72,593 The Ina cia statements on pages 7 to 19 were approved by the trustees, and authorised for issue on .. and slgned on their behalf by: Claire Fowler Trustee The notes on p8ges 9 to 19 form an integral part of these financial statements. Page 8
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 1 Accounting policies Statement of complianc8 The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation North Devon Display Gymnastics Club meets the definilion of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in sterling which is the functional currency of the charity. Going concern The trustees consider that there are no material uncertaintles about the charity's ability to continue as a going concern. Income and endowments Voluntary Income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured wlth sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when reIpt is probable and the amount can be reliably measured. Investment Income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of reSoUrs, with ntral staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitsble activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 9
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. for example, allocating property costs by floor areas. or per capita. staff costs by the time spent and other cosls by their usage. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Parl 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreclatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Fixtures and fittings Depreciation method and rate 250/0 Straight lin8 Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO). Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes. the use of which is restricted to that area or purpose. Page 10
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Financial Instruments Classlflcadon Financlal assets and financial liabilities are recognised when the charity becomes a paty to the contractual provisions of the instrument. Financial liabilities and equity instruments are classlfied according to the substance of the contractual arrangements entered into. An equity instrument Is any contract that evldences a residual Interest in the assets of the charity after deducting all of Its liabilities. Recognltlon and measurement All financial assets and liabilities are initially measured at transaction prlce (including transaction costs). except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction pri exduding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transadion, the financial asset or financlal Ilability is measured at the present value of the future payrnents discounted at a market rate of Interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charlty intends either to settle on a net basis, or to reallse the asset and settle the liability simultaneously. Finandal assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset. or c) the charlty, despite having retained some, bul not all, significant risks and rewards of ownership. has transferred control of the asset to another paty. Financlal Ilabllltles are derecognised only when the obligation specified in the contract is discharged. Canlled or expires. 2 Income from donations and 18gacles Unrestrlcted funds General Restricted funds Total 2025 Donations and legacies; Donations Regular giving and capital donations 700 250 904 950 904 700 1,154 1,854 Unrestricted funds General Restrlcted funds Total 2024 Donations and legacies; Donations 1,370 9,948 11,318 Page11
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 3 Income from charitable actlvlties Unrestrlcted funds General Total 2025 Fees KItIBadges Competitlons Holiday Club Alton Towers 2024 99,052 2,533 4,873 1,322 10,759 118,539 99,052 2,533 4.873 1,322 10,759 118,539 Unrestricted funds General Total 2024 Fees KitlBadges Competitions Hollday Club Italy 2023 London Festival Oct 2023 Alton Towers 2024 76,510 1,050 1,778 1,750 10,989 4,635 525 76,510 1,050 1,778 1,750 10,989 4,635 525 97,237 97,237 4 Investment income Unrestricted funds General Total 2025 Bank interest receivable 832 832 Unrestrlcted funds General Total 2024 Bank Snterest recelvable 938 938 Page 12
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 5 Other tradlng actlvltles Unrestricted funds General Total 2025 Fundraising events 7.949 7.949 Unrestricted funds General Total 2024 Fundraising events Gym hire 3.589 640 3,589 640 4,229 4,229 6 Expendlture on charltable actlvltles Unrestrlcted funds General Restrlcted funds Total 2025 Note Charitable activities Support costs 111,380 2,086 2,790 114.170 2,086 116,256 113,466 2.790 Unrestrlcted funds General Restricted funds Total 2024 Note Charitable activities Support costs 118.877 2,766 633 119.510 2.766 121.643 633 122.276 Page 13
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 7 Analysis of support costs Support costs allocated to charltable actlvitles Total 2025 Total 2024 Independent Ex8mlnatlon fees Payroll fees Bank charges 1,284 742 60 1,646 1,000 120 2,086 2,766 8 Net Incomingloutgoing resources Net Incomlngl(outgoing) resources for the year Include: 2025 2024 Depreclatlon of flxed assets 2,065 988 9 Trustees remuneration and expenses Claire Fowler, Jayne Poole, Michelle Gordon and Victoria Whlte receive a salary entlrely related to their employment duties, they receive no payment in respect of thelr positions as Trustees. The total amount of wages paid to Trustees and thelr close family durlng the year was £24,723 (2024: £25,158). During Ihe year, Trustees were reSmbursed for expenditure Incurred on behalf of the charity against receipts. No trustees hav8 received any other benefrts from the charity durlng the year. Page 14
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 10 Staff costs The aggregate payroll costs were as follows: 2025 2024 staff costs during the year were: Wages and salaries Employer contributions to pension plans 54.597 497 51,582 408 55,094 51.990 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year was as follows: 2025 No 13 2024 No 13 Employee No employee received emoluments of more than £60.000 during the year 11 Independent examiner's remuneration 2025 2024 Examination of the financial statements 1.284 1,646 12 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 15
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 13 Tanglble flxed assets Furniture and equipment Total Cost At 1 April 2024 Additions 28.390 5,852 28.390 5.852 At 31 March 2025 34,242 34.242 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 25.989 2,065 25,989 2,065 28,054 28,054 Nét book value At 31 March 2025 6,188 6,188 At 31 March 2024 2,401 2,401 14 Stock 2025 2024 Stocks 1.477 2,222 15 Debtors 2025 2024 Prepayrnents 3.094 2,474 16 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Accruals 244 1,858 2,175 2,102 2.175 Page 16
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 17 Pension and other schem88 Defined contribution pension scheme The charity operates a defined contrlbutlon pension scheme. The pension cost charge for the year represents contrlbutlons payable by the charity to the scheme and amounted to £497 (2024 - £408). 18 Funds Balance at 1 Aprll 2024 Balance at 31 March 2025 Incoming Resources resourc8S expended Transfers Unrestrlcted funds General General Funds 61,256 128.020 (113,466) 5,978 81,788 Restrlcted funds Bideford Town Council National Grid TDC - Equipment Repalr Local Giving Magic Little Grant Alex Ferry Foundation Co-op 534 1,604 600 250 (564) (126) 220 1,478 145 (455> 385 8.214 (123) (1,308) (904) (2,790) 262 1,618 (5,288) 904 11,337 1,154 (5,978) 3.723 Total funds 72,593 129,174 (116,256) 85,511 Page 17
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Balance at 1 Aprll 2023 Balance at 31 March 2024 Incomlng Resources resources expended Transfers Unrestricted funds General General Funds 77,209 103,774 {121,643) 1,916 61.256 Restrlcted funds Bideford Town CoiAncil Bideford Bridge Trust National Grid TDC - Equipment Repair Local Giving Magic Little Grant Alex Ferry Foundation 546 625 1.667 600 1.000 (1,012) (625) 534 (63) 1,604 600 500 (115) 164) 1,916 385 8,214 11.337 8,948 9,948 (570 (633) 3,938 Total funds 81,147 113,722 (122,276) 72,593 The purpose of the restricted funds are. Bideford Town Council awarded the charity £1,000 in May 2019 towards training. During the year an addttional £1,000 was received towards equipment. Funding Agency - this grant was awarded to hire an apprentice. Bideford Bridge Trust - this was a grant provlded for a media package to supporl tralnlng and the display team. Natlonal Grid - thls grant was for a hardship fund to assist families wlth costs. Torrldge Dlstrict Council thls grant has been awarded to assist the charlty with the repair and maintenance of equipment. Local Giving - Magic Little Grant - this grant was given to assist the charity with a media package. Alex Ferry Foundation - reiVed towards equipment and training. Co-op fund - received towards new kit During the year, funds have been transferred from restrlcted to unrestricted funds once the fundlng has been utlised by the purchase of fixed assets and as a result the restrictions on tlie funds have been fuffilled. Page 18
North Devon Display Gymnastics Club Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 19 Analysls of net assets botween funds Unrestricted funds General Total funds at 31 March 2025 Restricted funds Tangible fixed assets Current assets Current liabilities 6.188 77.702 (2.102) 81,788 6,188 81,425 (2,102) 85.511 3.723 Total net assets 3,723 Unr8Stricted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 2.401 61.030 {2,175) 61,256 2,401 72.367 {2.175) 72,593 11,337 Total net assets 11,337 Page 19