## **Ivegill Nursery CIO** 

**Registration number: 1159380 Annual Report and Financial Statements** 

**31 July 2022** 




## **Ivegill Nursery CIO** 

## **Contents** 

|Reference and Administrative Details|1|
|---|---|
|Trustees' report|2|
|Trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8|





## **Ivegill Nursery CIO Reference and Administrative Details** 

|**Charity name**|Ivegill Nursery CIO||
|---|---|---|
|**Charity registration number**|1159380||
|**Principal office**|Ivegill Nursery||
||Ivegill School||
||Ivegill||
||CARLISLE||
||CA4 0LN||
|**Trustees**|E J Rickerby||
||E A Blake||
||D A Hewitt||
||E Messenger||
||J Harrison-Longworth|(resigned 5 October 2022)|
|**Accountant**|Dodd & Co Limited||
||FIFTEEN Rosehill||
||Montgomery Way||
||Rosehill Estate||
||CARLISLE||
||CA1 2RW||



Page 1 



## **Ivegill Nursery CIO** 

## **Trustees' Report for the Year Ended 31 July 2022** 

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland. 

## **Policies and Objectives** 

The object of the charity is to maintain a rural Day Nursery for promoting the education of children under six years without selection or limitation save as to a maximum number. The day-to-day running of the nursery is administered by a Management Committee appointed by the Trustees and includes a parent of a child in the Nursery. The Trustees aim to provide quality care and education while keeping the fees as low as possible commensurate with this aim. The Trustees have had regard to the Commission's general guidance on public benefit and to its supplementary guidance on advancing education and on fee charging. Children over the age of 3 can receive up to the equivalent of 15 hours free per week under the government's Early Years Entitlement Funding scheme and in some cases may be eligible for 30 hours. Some 2 year-olds are also eligible. 

The Nursery maintains close links with the school, in which it is situated, normally joining together for some activities and sharing resources. This had not been possible because of Covid but is now beginning again. The Nursery is registered to receive Early Years Entitlement Funding and is registered with Ofsted. It is a member of the Early Years Learning Alliance. In determining these objectives the Trustees have paid due regard to the Charity Commission guidance on public benefit. 

## **Activities undertaken to further the charity’s purposes for public benefit** 

The Nursery is open 5 days a week for morning and afternoon sessions during school term times. During the year a total of 24 children attended the nursery, mainly coming from homes within a 10 mile radius. 

The lead practitioner of the nursery had decided not to return to work in August 2021, following her maternity leave. The charity now employs a full-time lead practitioner through a job share arrangement between an existing employee who will be undertaking extra training and qualifications, and a newly hired practitioner. As well as the lead practitioners, there are three part time nursery practitioners employed. There are also two practitioners available to cover for absence. Some administration is carried out by the lead practitioners and the rest is done on a voluntary basis by members of the Trustees. Staff attend regular in-service or online training sessions. The trustees have agreed an increase in staff wages which can be funded by the confirmed increase in government grant income. 

## **Financial review** 

During the year to 31 July 2022 income of £56,168 (2021 - £58,915) was received and total expenditure amounted to £52,217 (2021 - £49,779). A small surplus of £3,951 (2021 - £9,136) was therefore achieved in this period. These accounts also reflect closing reserves of £51,559 (2021 - £47,608), all of which are unrestricted in both periods. 

Good attendance meant that income allowed for refurbishment of the outdoor resources. Income came from fees from parents and Early Years Entitlement funding via Cumbria County Council. 

Pupil Premium funding comes as part of the education grant funding we receive from Cumbria County Council. It is restricted funds allocated to eligible children and is specifically allocated to help disadvantaged pupils. The funding can be used to purchase resources or support for that child. There has been no Pupil Premium Funding in this period and there were no eligible children this year. 

## **Going Concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. 

## **Reserves Policy** 

We aim to hold at least £16,200 (being approximately one month of expenditure plus required redundancy payments) and no more than £50,000 (being approximately six months of expenditure plus required redundancy payments) in reserves at the year end. 

Page 2 



Ivegill Nuw CIO
T￿￿. Roport for tho Year Ended 31 Juty 2022
Al the end of Juty 2022. we hdd £￿,8[￿] of freè reser￿ (2021 - £47,301) feel puts us in a good
position for likety increase in slaffing and general wnning costs next year. Free reserves encompass 811
unrestncted res¢Nes hekl by the tharty %bith the excepth)n of tangib￿ fixed assets which are neoded for the
contynu8tion of tharitable athities.
Constitutlon
The charity is rA)nsbluted urthr a Fourkjabon Agre￿ dated 27 Novemiw 2014 and 1$ a registere(I d)arity,
number 1159360.
M•thod of appolnlment or •l•ellon of trust•
Th8 Mar￿9￿ment of th¢ ¢harity is the r•srMMilylty of the TN*oes %tho are 0￿d and cgwted under the
temis of the Foundat¥Jn Agreemert.
Ap8rt Irom the first charty tnJstee$, every apwirrted tN8tee must te apwirrt*1 by a rexlutiot) passed at
pr*¥)erfy corhvened meeting of th• charity trustèès.
Iv¢gill School Go¥wnors fthe apFthnts"ng bom may apFMynt up to five trustees. Any appointment must
be made at 8 meeting held according to thè ordinary pract￿ of the 8PFointsng bocty. Each apwnthient must be
for a tem of 3 years. Thè oppointment wll be effective from the Lqter of the date of the vacancy.. arKI the date on
which the charity trustees ￿ their swxètary or derk are informed of the appoinlrn¢nt. The per50n appointed need
not be a member of the appo¢nting ty)dy. A trusiee apwnted by the appointing body has the same dLty und
clause 9111 as th¥ other chaity trustw to in th¢ way ￿ or in gtstyj fath bo most likety to
lurther the purposes of ihe CIO.
tnJstee5 meet vthh a trustee before their m•8twvJ for an ¢4118nation of th¥ njnn￿g of the d)grity and
receive a copy of the constriubon. ths Lqst yearfs •xtynts and a I￿k to the Charty commissKJn's publi¢ation'The
Essential Trustee,.
Oryanijational •tructurv •nd d8clsion makin9
The Nursery is rnanag8d by its Board of Twst8es.
Oay.trday mnning of the nursery r8 oversw by the manwment C4)￿￿nitt?ts. wtiich is appointed by the
Trustaes in ￿nIUncl1"On wilh the Lead w8¢*bcrn. tt ￿dud¢S th8 Lead wadibotws, the hoad t￿Cher, a
trustee a parent
Pla
Due to difficulty fiThJing new Trustses. the exisbry Trustees we hcyNJ to InC¥e￿ th• intsgrat*)n of thg nursèry
into ￿he￿I wth the aim ofthe schcol tithng ov¢r the mnnirwJ ofthè nutsery.
Apwoved by the Trustaes and signed on Iheir bthalfty.
Trus
Page 3

## **Ivegill Nursery CIO** 

## **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. 

The law applicable to charities in England and Wales 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 to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods 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 concern basis unless it is inappropriate to 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 the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection fraud and other irregularities. 

Page 4 



## **Independent Examiner's Report to the Trustees of** 

## **Ivegill Nursery CIO** 

I report on the accounts of the charity for the year ended 31 July 2022, which are set out on pages 6 to 15. 

Your attention is to drawn to the fact that the Charity has prepared the financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn. 

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. 

## **Respective responsibilities of trustees and examiner** 

The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the 2011 Act; 

- follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and 

- state whether particular matters have come to my attention. 

## **Basis of independent examiner's report** 

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that in any material respect the requirements: 

   - to keep accounting records in accordance with section 130 of the Charities Act 2011; and 

   - to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act 

have not been met; or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

......................................... Joanne Thomlinson FCA Dodd & Co Limited Chartered Accountants Date:................................ 

FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW 

Page 5 



## **Ivegill Nursery CIO** 

## **Statement of Financial Activities for the Year Ended 31 July 2022** 

|||**Unrestricted**|**Restricted**||**Total Funds**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**||**2022**||**2021**|
||**Note**|**£**|**£**||**£**||**£**|
|**Income and endowments from:**||||||||
|Donations and legacies|2|-||-|-||7,291|
|Investment income|3|-||-|-||31|
|Charitable activities|4|56,168||-|56,168||51,593|
|Total income||56,168||-|56,168||58,915|
|||||||||
|**Expenditure on:**||||||||
|Charitable activities||52,217||-|52,217||49,779|
|Total expenditure||52,217||-|52,217||49,779|
|Net movements in funds||3,951||-|3,951||9,136|
|**Reconciliation of funds**||||||||
|Total funds brought forward||47,608||-|47,608||38,472|
|Total funds carried forward||51,559||-|51,559||47,608|



The notes on pages 8 to 15 form an integral part of these financial statements. 

Page 6 



Ivegill Nursery CIO
Bal•nc• Sheet as at 31 Juty 2022
2022
2021
Flxed a88•ts
Tangible assets
J7
Current •••et•
Debto
Cash gt bank and u) hand
12
4,631
53.126
57.757
Creditor8: Amounts falllng within
on• y￿r
13
(1.605)
{10.4561
Net curr•nt a•••ts
47,301
51,559
47.608
Th• funds oftho ¢h#rity".
A•s￿¢t•d fvnd•
Unr•8tri¢t¢d fund•
Unrèstrict8d incomgfunds
51,559
47.608
Totsl ¢harity funds
The financial statements have been prepaifjd in #¢c>)rdwTh *ilh th* Finanoal Repybng Stsndgrd applic4ble in
thè UK and Republic of Ireland IFRS 1021.
51,559
47,608
Approved by th• Boartl
signed on its b8h8ff ty:
Tru
Page 7

**Notes to the Financial Statements for the Year Ended 31 July 2022** 

## **Ivegill Nursery CIO** 

## **1 Accounting policies** 

## **Statement of compliance** 

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 accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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) rather than the Accounting and Reporting by Charities:Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

## **Basis of preparation** 

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. 

## **Going concern** 

These financial statements have been prepared on a going concern basis. 

## **Fund accounting policy** 

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. 

Further details of each fund are disclosed in note 16. 

## **Income and endowments** 

Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 

Investment income is recognised on a receivable basis. 

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract. 

## **Expenditure** 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. 

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. 

## **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 costs by their usage. 

Page 8 



## **Ivegill Nursery CIO** 

## **Notes to the Financial Statements for the Year Ended 31 July 2022** 

_......... continued_ 

## **Fixed assets** 

Individual fixed assets costing - or more are initially recorded at cost. 

## **Depreciation** 

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: 

Plant and machinery including motor 15% reducing balance basis vehicles Office equipment 3 years straight line basis 

## **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. 

## **Pensions** 

The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme. 

## **2 Donations and legacies** 

||**Unrestricted**||**Restricted**|||**Total Funds**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|---|---|---|
||**Funds**||**Funds**|||**2022**||**2021**|
||**£**||**£**|||**£**||**£**|
|**Grants**|||||||||
|Grants receivable|-|||-||-||2,962|
|Coronavirus Job Retention Scheme grant|-|||-||-||4,329|
||-|||-||-||7,291|
||||||||||



All of the donations and legacies income in 2021 related to unrestricted funds. 

## **3 Investment income** 

|||||**Unrestricted**||**Restricted**|||**Total Funds**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||**Funds**||**Funds**|||**2022**||**2021**|
|||||**£**||**£**|||**£**||**£**|
|Interest|on|cash|deposits|-|||-||-||31|



All of the investment income in 2021 related to unrestricted funds. 

Page 9 



## **Ivegill Nursery CIO** 

## **Notes to the Financial Statements for the Year Ended 31 July 2022** 

_......... continued_ 

## **4 Charitable activities** 

||**Unrestricted**||**Restricted**|||**Total Funds**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|---|---|---|
||**Funds**||**Funds**|||**2022**||**2021**|
||**£**||**£**|||**£**||**£**|
|**Nursery**|||||||||
|Nursery fees|8,515|||-||8,515||10,469|
|Grants receivable|47,653|||-||47,653||41,124|
||||||||||
||56,168|||-||56,168||51,593|
||||||||||



All of the income from charitable activities in 2021 related to unrestricted funds. 

Page 10 



## **Ivegill Nursery CIO** 

## **Notes to the Financial Statements for the Year Ended 31 July 2022** 

_......... continued_ 

## **5 Expenditure** 

||**Nursery**|**Total**||**Total**|
|---|---|---|---|---|
|||**2022**||**2021**|
||**£**|**£**||**£**|
|**Direct costs**|||||
|Uniform|-|-||175|
|Educational materials and equipment|1,021|1,021||387|
|School lunches|1,986|1,986||3,219|
|Insurance|733|733||719|
|Repairs and maintenance|4,726|4,726||2,503|
|Employment costs|41,349|41,349||40,694|
||49,815|49,815||47,697|
||||||
|**Support costs**|||||
|Telephone and fax|682|682||634|
|Sundry expenses|192|192||105|
|Advertising|80|80||-|
|Accountancy fees|1,167|1,167||1,241|
|Legal and professional fees|116|116||-|
|Depreciation of office equipment|165|165||102|
||2,402|2,402||2,082|
||||||
||52,217|52,217||49,779|
||||||



All of the expenditure in 2021 related to unrestricted funds. 

## **6 Governance costs** 

||**2022**||**2021**|
|---|---|---|---|
||**£**||**£**|
|Accountancy fees|1,167||1,241|
|Legal and professional fees|116||-|
||1,283||1,241|
|||||



## **7 Trustees' remuneration and expenses** 

No trustees received any remuneration or expenses during the year. 

Page 11 



## **Ivegill Nursery CIO** 

## **Notes to the Financial Statements for the Year Ended 31 July 2022** 

_......... continued_ 

## **8 Net incoming resources** 

Net incoming resources is stated after charging: 

||**2022**||**2021**|
|---|---|---|---|
||**£**||**£**|
|Depreciation of owned assets|165||102|
|Accountancy fees|1,167||1,241|
|||||



## **9 Employees' remuneration** 

The monthly average number of persons (including senior management) employed by the charity during the year was as follows: 

||**2022**||**2021**|
|---|---|---|---|
||**No.**||**No.**|
|Charitable activities|6||6|
|||||
|The aggregate payroll costs of these persons were as follows:||||
||**2022**||**2021**|
||**£**||**£**|
|Wages and salaries|40,276||39,408|
|Other pension costs|826||1,022|
||41,102||40,430|
|||||



No employee received emoluments of more than £60,000 during the year (2021 - No. 0). 

Page 12 



## **Ivegill Nursery CIO** 

## **Notes to the Financial Statements for the Year Ended 31 July 2022** 

_......... continued_ 

## **10 Taxation** 

The registered charity is exempt from taxation on income and gains. 

## **11 Tangible fixed assets** 

||**Plant and**|||||||
|---|---|---|---|---|---|---|---|
||**machinery**|||||||
|**including motor**|||**Office**|||||
||**vehicles**||**equipment**||||**Total**|
||**£**||**£**||||**£**|
|**Cost**||||||||
|As at 1 August 2021|-||409||||409|
|Additions|617||-||||617|
|As at 31 July 2022|617||409||||1,026|
|**Depreciation**||||||||
|As at 1 August 2021|-||102||||102|
|Charge for the year|29||136||||165|
|As at 31 July 2022|29||238||||267|
|**Net book value**||||||||
|As at 31 July 2022|588||171||||759|
|As at 31 July 2021|-||307||||307|
|**Debtors**||||||||
||||**2022**||||**2021**|
||||**£**||||**£**|
|Other debtors|||-||||4,631|
|**Creditors: Amounts falling due within one year**||||||||
||||**2022**||||**2021**|
||||**£**||||**£**|
|Trade creditors|||-||||1,140|
|Taxation and social security|||301||||-|
|Other creditors|||138||||3,008|
|Accruals and deferred income|||1,166||||6,308|
||||1,605||||10,456|
|||||||||



## **12 Debtors** 

## **13 Creditors: Amounts falling due within one year** 

Page 13 



**Notes to the Financial Statements for the Year Ended 31 July 2022** 

## **Ivegill Nursery CIO** 

_......... continued_ 

## **14 Pension scheme** 

## **Defined contribution pension scheme** 

The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £826 (2021 - £1,022). 

There were no outstanding or prepaid contributions at either the beginning or end of the financial year. 

## **15 Related parties** 

## **Controlling entity** 

The charity is controlled by the trustees. 

## **Related party transactions** 

E J Rickerby made small cash advances to the charity for miscellaneous operating expenses. These funds are held in petty cash and repaid to the trustee at various points in the year. 

## **Trustees' advances** 

The following balance owed to the trustees was outstanding at the year end: 

||||||**2022**|**2022**||||**2021**||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**£**|||||**£**||
|E J Rickerby||||||138||||-||
|||||||||||||
|No interest is charged in respect of this balance.||||||||||||
|**Analysis of funds**||||||||||||
||**At 1**|**August**|**Incoming**||**Resources**|||||**At 31 July**||
||**2021**||**resources**||**expended**|||||**2022**||
|||**£**|**£**|||**£**||||**£**||
|**General Funds**||||||||||||
|Unrestricted income fund||47,608|56,168|||(52,217)||||51,559||
|**Restricted Funds**||||||||||||
|Restricted income fund||-||-|||-|||-||
|||47,608|56,168|||(52,217)||||51,559||
|||||||||||||



## **16 Analysis of funds** 

Page 14 



## **Ivegill Nursery CIO** 

## **Notes to the Financial Statements for the Year Ended 31 July 2022** 

_......... continued_ 

## **Prior period** 

||**At**|**1 August**|**1 August**|**1 August**|**Incoming**|**Incoming**|**Incoming**|**Incoming**||**Resources**|**Resources**|**Resources**||**At 31**|**July**||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**2020**|||**resources**|||||**expended**||||**2021**|||
|||**£**|||**£**|||||**£**||||**£**|||
|**General Funds**|||||||||||||||||
|Unrestricted income fund|||38,072||58,915|||||(49,379)|||||47,608||
|**Restricted Funds**|||||||||||||||||
|Restricted income fund||||400|||||-|(400)||||||-|
||||38,472||58,915|||||(49,779)|||||47,608||
||||||||||||||||||
|**Net assets by fund**|||||||||||||||||
|||||**Unrestricted**||||**Total Funds**||||||**Total Funds**|||
|||||**Funds**||||||**2022**||||**2021**|||
||||||**£**|||||**£**||||**£**|||
|Tangible assets|||||759|||||759|||||307||
|Current assets|||||52,405|||||52,405||||57,757|||
|Creditors: Amounts falling due within one year|||||(1,605)|||||(1,605)||||(10,456)|||
|Net assets|||||51,559|||||51,559||||47,608|||
|**Prior period**|||||||||||||||||
|||||**Unrestricted**|||||**Total Funds**|||||**Total Funds**|||
|||||**Funds**||||||**2021**||||**2020**|||
||||||**£**|||||**£**||||**£**|||
|Tangible assets|||||307|||||307||||||-|
|Current assets|||||57,757|||||57,757|||||48,85||
|Creditors: Amounts falling due within one year|||||(10,456)|||||(10,456)|||||(9,913)||
|Net assets|||||47,608|||||47,608|||||38,472||
||||||||||||||||||



## **17 Net assets by fund** 

Page 15