Charity registration number 1160169 THORNFIELD GOSPEL HALL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2023
THORNFIELD GOSPEL HALL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees M Johnston (Treasurerl I Cowie AJatlles ICh8lrl AJarnes R Evershed Charlty number 1160169 Prlnclpal address Brethren's Meeting Hall Gypsy Lane Nunlhtsrp9 Middlesbrough TS7 ODY Accountants A2ets Bede House Belmont Business Park DURHAM Unit8d Kingdom DH11TW Bank•rs HSBC 60 Albert Road Middlesbrough North Yorkshire TS1 1RS Correspondence address 12 Maltby Road Thornton Middlesbrough TS8 9BU enquirie8@tght.org.uk Sollcltors WalsoTrn Watson Sollcilors Mercury House Shrewsbury Business P8rk Shrewsbury SY2 6LG Independent examlner Azets Bede House 3 Belmont Business Park DuTham DH1 ITW
THORNFIELD GOSPEL HALL TRUST CONTENTS Page Trustees. report Indepgndent examlnerfs report staletnenl of ffn8nclal aCtilieS Balance sheet Notes to the accounts 7-12
THORNFIELD GOSPEL HALL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2023 The Trustees present their annual report and financial statements for the year ended 5 April 2023. The financlal statemen15 have be@n prepared in accordance with the aocoLJntlng policies sel out in note 1 to the rinancial slalgm&nis and comply wilh the Charity's governing document, the Charities Act 2011 and"Accounting and Reptsrting by Charities.. Slalemonl of Recommended Prac11C8 applicab18 to charities preparing their acGount5 Sn accordance with the Financial Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 102} lelfeclive 1 January 20191" Oblactlves and actlvltles The charitable purposes of the Charity are the advancement of the Christian r8ligion for the public benefit. including by the carrying on of thé servlce of God in accordance with the Old and New Te51amen15 of the Holy Bible as followed by those Christians forming part ol the world-wide fellowship known as the Plymouth Brethren Christian Church Ilhe 'Brethren l and any olher charitable purposes connecled wilh Brethren. The core doctrine of the brethren and proper practices in furth6ranc6 of certain aspects of doctrine are summarised in two schedules lo th8 TTLlSt Deed. Spreading the Gospel m•$$age and the Ilfe of a Chrlstian Tho Gospel halls are a base from whi¢h the regular congregation and olh8ts who attend the meetings aro encouraged lo spre8d thè Christian Gospel, in word and dèed. Members of1he ¢ongregatlon participate in a programme of street preaching and Gospel tracts are pmvided free of charge by the Charity lo such preachèrs to be handed out lo inlerest8d members of the public. In addlllon to street preachlng, members of the congregation work wllh lh6 RRT charity. In carrying out this work, the congregalion consldersltsglf to be Ilvlng out its faith in practice, as partlcular. We $99k and ara encouraged lo live exemplary livas in all our relationships with olhgrs In Ihe wider cornmunily (including formor Brethren). in accordance with th8 le8¢hings ol Holy scriplurg11 rim 2.'21. We regularly go out from our homes to preach on the streets, to distribute Christian literature and ongage wlth the wider community lincludlng fonner Brethren) to PTesenl elemal Salvatlon, Bvailable to all men by falth Jesus Chilst.12 Tim 4'.2). We seek as mèmbers of the public to lead Chrfstlan lives as husbands and wives, p8rants, chlldren. employers, employees, and neighbours. (Col 3.'22-25, Col 4.11. The preservation and protectlon of the family unil is fundamental, and chlldren are prized as a blesslng from God. (Psalm 127.'3-51. The elderly ar8 valtjad memb8rs of the MMunIty, for whom both their family and the wider comrrunlly are expected lo care. Holy Scripture commands us to be good neighbours lo others, 8nd d8al with all other pgopl$ Iln¢ludlng former 8relhrenl openly. honestly, and faldy and consislenl with these prlnciples, we should give our lime, talents and money to assist Ihose in need in th8 wlder eommunity. in so far as re&8onable given our abililies and our available T8SQUmS. (Matt 7.'12, Malt 22-.39. Eph 4.'281. Maln aetlvltles Meelings held at thè Gospel halls include th8 Lord's Supper (Communion). Gospel preaching's. Bibl8 readings and Blble addresses. There 58 a struclured weekly schedule of me8llngs and. d8pending on the particular ffl88ting, between 30 and 180 people normally attend thesa occasions. The rneetlngs are attended by the regul8r congregallon, and most aTe open lo other propèrfy disposed visitors. Th9 notice board oulsidg thè Hall welcomes visitors and displays the limes of Gospel preaching's, along with a telephone number for those seeking fkjrther information or help. Gospel Ira¢ts. which are distributed by slroet preachers, also dlsplgy thls infofmation. Bibles and an extensive range of other Chrislian reading material are on display at the halls and visitors are free lo help themselves.
THORNFIELD GOSPEL HALL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Wider network The Trustees maintain inform81 links wlth slmilar charities with a view lo poollng experience considered usgful In Pursuing the objects ol the Charity. The Charity also maSnt81ns links with Nunlhorpe Gospel H811 Trusl, with which il shares members of its congregation. Funding Funding is sought through gifts frrlm the congregation. Funding is sometimes received from other charitable trusts with complementary objectives. Publlc banèflt The Trustees confirm that th8y have complied wlh their duty under section 4 of the Charities Act 2011 to have due regard to tha Charity Commission's general guidance to charities on public benofit. Achl8vements and porfomiance The Trust provides and maintains two Gosp81 halls where religious meetings are held by the local Brethren community. Details of th8 origins, teachings, and way of life of thg brethren can be found on the website moulhbrelhrenchrislianchurch.or and In th$ schedules lo the Trust Deed. The Trust's maln achievement this year has b88n working with Middlesbrough brough council and Nunlhorpe Parish council in view of purchasing land from the council for a new hall facility. The trust has been working on this for several years, including meetings with the local community, attending main councll and parish meetings, discussions wlh key counsèl personnel regarding how TGHT could improve. enhance publi¢ ar8as through hall development, which is important for the trust to be adding value lo the local aa. The trust has also donated lo 3 local schools as follows, 1.Nunlhorp8 Primory Sch(xil £800.00 donated towards the sCIal needs outdoor learnlng area. 2. The Av8nua S¢hool Nunlhorpe £800.00 donalgd towards a public event hosted at 1hg s¢hool In June this will benefit the school and wider communlty. 3. Captain Cook Primary School £800.00 donated towards equipment. The trusts supports the rapid relief charfly wlth members volunteering many hours of lime to assist al public events. Financial revlew In the year 8nded 5 April 2023, the TTUSI had a dgfiul of Incoming resources over resources expended of £450.226 12022.. £16,487 surplus) due to a one off donation. Total volunl8ry income received this year was £39,700 compared lo £46,900 in the previous year. All funds held were unrestricted funds. Resorvès pollcy Tho Trustees have considered Ihelgvel of r8s8rves Ihey wtsh to retaln, approprlata to the charity's needs, based on ils size and the level of its financial commilmenls. The Trust has no employees, and its regular outgoings are mlnimal. Accordingly, the Trustees have decided lo adopt a policy of maintaining no significant res8rve5, other than a ringlenced amoLJnt of £2,500,000 which Is set aslde for future land pur¢haso to buSld a new facility Th8 congregation 1s kept regularly Informed as lo particular needs for funds. and other relev8nt matters and the Trustees aim to ensure that the Charity will be able to continue lo fulfil Its ¢haritable objectives even if there is 8 lernporary shortfall In Income or unexpected expendlluro, by ralslng a funds appeal lo tho ¢ongrègatS0n. Free reserves at the year end were £3,119,447 12022 - £3.572,6931. The leserves held are high due to ,Ihe potential for a future land purchase and construction of a naw gospol hall. The Trustees have identified and reviewed the major risks to which the charity is exposed and conllmi ihat they have established systems or procedures to manage and mitigate Ihosa risks.
THORNFIELD GOSPEL HALL TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 structure. gov8rnance and management The charity is consliluled by a dtred of trust dated 31st August 1982 amended by variou5 Oeeds and most recently by Deed of Variation dated 12th August 2014. The Trust was registered with the Charity Commisslon for England and Wales on 27th January 2015 Ljnder Charity Registration Numb8r.' 1160169. The Trustees who setwed durlng the year and up lo the date of $1gnalure of the flnancSal statements were.. M Johnston {Treasurerl I Cowie A James {ChaiTI A James R Evershed None of the Trustees, nor any person conneclad with them, received any remuneration or expenses from the Charity in the year ended 5 Aprll 202312022.. £nill. The Irusl opgrates two gospel halls and Trustees are chosen from among the regular congregation of the halls. New Trustees are nominated by the existing Trustees or by the congregation and musl b8 appointed by unanimous resolution of the congregation. They are selected accordlng lo skllls and experience in specialised fields and are expected lo use both in furthering the oblects of Ihe Trusl. Checks are made lo ensur8 th8 Trustees, eligibility lo acl, and incoming Trustees are made aware of their responsibilities by the existin9 Trustees, who ensure that the new Trustees read the Trust deed and relevant Charity Commission guidance. The Trust99s' ropwt was approved by the Boa of Trustees. I Iransa¢tlons Ihh]Jr- M Johnston (Treasur&rl Trustee 19 December 2023
THORNFIELD GOSPEL HALL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THORNFIELD GOSPEL HALL TRUST I report lo the Trustees on my examinalion ol the finan¢ial skterngnls of Thornlield Gospel Hall Trust (the Charftyl lor the year ended 5 April 2023. Responslbllltles and bas[8 of report As the Trusteas of the Charity you are responsible for Ihe preparation of the financial slalemenls in accordance with the requirements of the CharftiesAct 2011 Ilhe 2011 Acll. I r8port in respect of rny examination of the Charity's financial slalem9nts carried out under section 145 of the 2011 Act. In Carrying Dut my examinalon I have followed all the applicable Direclions given by the Charity Commlssion under slI0n 14515llbl of the 2011 Act. Independent examinevs statement Your att8ntion is drawn lo th8 fact that the charity has prepared financial slatemenls in accordance with Accounting and Reporting by Charities preparfng their aOuNtS In accordarice wth the Financial Reportlng Sl8nd8rd appllcable in tho UK and Republic ol Ireland IFRS 1021 Sn preference lo the Accounting and Reportino by Charities.. Slalemenl of Recommended Practice iSSLJed on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l undarsland that this has been done in order for financial statements to provide a true and fair view in accordantè with Generally Accopted Accounling Pracli¢e offeclive for reporting p8ri0ds beginning on or alter 1 January 2015. I have completed my 8xamination. I conlbrm that no mallers have como to my attention in ¢onnaclion with the examination glving me cause lo bellove that in any rn8lerial respect: account1ng records were not kept In respect of the Charity as required by seetlon 130 of the 2011 Act,. or the financial statements do not accord with those records., or the financi81 statements do not comply wllh the appllcable requirements concernlng the form and content of accounts sel out in the Charities (Accounts and Reports) R8gulallons 2008 other than any requirement that the a¢counls give a true and faSr view which is nol a maller consider8d as part of an independenl examlnation. I havo no concems and h8v8 come across no other matters in conn8Ction with the 8xarninatiDn to which Btlenlion should be drawn In this report in order lo enable a proper understanding of the ffinancial statements to be reachèd. Azets Bede Houso 3 Belmonth Business Park OURHAM DH1 1TW United Kingdom Dated= 19 Decemb8r 2023
THORNFIELD GOSPEL HALL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5APRIL 2023 Curr•nt flnancial year Unrestricted Dèslgnated funds funds Total Total 2023 2023 2023 2022 Notes Income from: Donab'Dns and legacies Investments 39,700 7,278 39,700 7,278 46,900 330 Total In¢om8 46.978 46,978 47,230 Ex enditurè on: Running rn88tlng rooms and other charitable 8¢tivltles 497,204 497,204 30,743 Net lexp•ndllureVlncome for thè yearl Net movom•nt In funds 1450.2261 1450,226} 16.487 Fund balances at 6 April 2022 4.822,178 1,995 4.824,173 4,807,686 Fund balances at 5 Aprll 2023 4,371.952 1,995 4.373.947 4,824.173 Thè statement of financlal activities includes all gains and losses racognlsgd in the year. All income and expenditur8 derfve from continuing 8etSvilies. Prior financlal year Unrèstrlcted Endowment funds funds Designated 2022 Total 2022 2022 Notès Incoma from: Donallons and legaci95 Inveslments 45,000 330 1.900 46,900 330 Total Income 45,330 1,900 47,230 Ex gndlture on: Runnlng meeting rooms and othèr charitable aclivltes 29,693 1,050 30.743 Net lexpènditurellincome ft)r the yearl Net movèment in funds 15.637 850 16,487 Fund b818nces 816 April 2021 4,806.541 1,145 4,807,686 Fund balances at S April 2022 4,822,178 1.995 4,824,173
THORNFIELD GOSPEL HALL TRUST BALANCE SHEET ASAT 5APRIL 2023 2023 2022 Notas Fixèd assats Tanglble assets Programme related inveslrntsnls 754,500 500,000 751.480 500,000 1,254,500 1,251,480 Current assets Debtors Cash at bank and in harKJ 273,052 2.858.705 262,918 3,313,024 3,131,757 3,575,942 Credltors: amounts falllng duè wlthln ona year 10 {12,3101 13.2491 Net current assets 3,119.447 3.572.693 Total a5S•ts less current liabilltles 4,373.947 4.824.173 Income fund$ Designated Funds General unreslri¢ted funds 12 1,995 4.371,952 1.995 4,822,178 4.373.947 4.824,173 Th8 financial sialemenls wer8 approved by th8 Trustsès on 19 December 2023 M Johnston (Treasurer) Trustee
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting pollcles Charlty Informatlon Thornfield Gospel Hall Trust is govgrn8d by a trust deed dated the 12th August 2014. Th8 trust was reglslered with the Charity Commission for England and Wales on 27th J8nuary 2015 und81 Charlly Registration Number 1160169. 1.1 A¢¢ountlng convention Tr8 financial statements have been prgpared in accordance wth the Charitls governlng do¢umenl, the Charities Act 2011, FRS 102 "The Financial R8porting Standard applicable in the UK and Republic of Ir8land" I'FRS 102,1 and the Charities SORP Aeeounling and Reportlng by Charities,. Slalemenl of Recommended Pracllce applleabl8 lo charities preparing their aceounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. The Charily is a Public Benefit Entlty as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for chariti85 not to prepare a Stalamenl of Cash Flows. Thè financial statements have departed from the Chariues {Accounls and Reports) Regulallons 2008 only lo the extent rèquired lo provide a true and fair vSew. This departure has involvod following the Statèment ol Recommended Practice for charitiès applying FRS 102 rather than the version of the Statement of Recommtsnded Practice whieh is referred lo in the Regulations but which has since been withdrawn. The finarhcial statemen15 prepared In slerllng, which is the functional currency of the Charity. Monetary amounls in thes& f4nandal slalements 8re rounded to the nearest £. The financial slalements have been prèpared under tho historical cost convention. The piincipal accounting licies adopted are sel out below. Al the time of approving the financlal sialemenls, the Trustees have a reasonable expeclalion that the Charity has adequate resources lo continue in operational ex15tence lor the foreseeable future. Thus thB Truslegs continu8 lo adopt the going eoncem basis of accounling in preparlng Ihe financial siatements. 1.2 Charltable funds The general unreslri¢ted fund is free for the Trustees to use for any purposes in furtheran of the Irusfs charitable objects. R851ricted funds arise from donations lo the trust, which are made lor a speclfic PLJrpose. R8slrict8d funds Can only be used for the purpose for whlch funds were given. 1.3 Incom• Donations aro recogniserl in th8 year in which there is entitlement and probab511ty of receipt and th8 amount can be measured with reasonable Certainty. Income Is only deferied when the charity has to fulfil conditlons before becoming enlilled to It or where the donor has sp9clfied Ihal the income is to be expended in a future year. Inv8Stment incorne is accounted for on a recelvabl8 ba818. 1.4 Expenditure Expenditure is included on 8n a¢cruals basis. Llabililies are recognised as soon as there is a legal or construcllve obligation eommllling the charity to pay out resources. Charitoble activities compri98 those costs directly alifibu18ble lo the fulfilfflant of the charitable ()bjecis. Governance costs comprise 811 costs involving the public accoun18blllly of the tharily and costs related lo statutory requirements.
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 AccoLSntlng pollcles IContlnued} 1.5 Tangible flxèd assets Tangible fixed assets are inltlally measured al cost and subsequently measured al Cost or valuation. nel of depreciation alld any impairment losses. Depreaalion is recognised so as to write off the cost or valuation of assets less their residual values over Iheir useful Ilves on the folSowlng bases.. Land and buildings Pl8nl and machinery Nil depreclalion 20% reducing balance The gain or105s arising on the disposal of an asset is detérmined as th8 differen b&been the sale proceeds and the carying value of the asset, and is recognised in net incomel{experidilurel for the ye8r. Land is not depreclated. The buildlngs are not depreclaled as tha rasidual valu8 is eslima18d to be higher Ihan the cost. 1.6 Impaim)•nt of fixed assets Al each reporting end dale, the Charity reviews the carrwng amounts ol ils tanglble assets to determine whether therè is any indication that those assets have suffered an impalrmenl 105s. 11 any such Indieation exists, the recoverable amount of the asset is gslimaled in order tr) determine the extent ol the impairment oss lil any). 1.7 Cash and cash equlvalents Cash and cash equivalents include ¢ash in hand, deposlls held al call with banks, other short-term liquid investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafts are Shown within borrowings in ¢urrenl liabililies. 1.8 Financial Instrument$ The Charity has elected to apply tho provisions of Sgction 11 'Basl¢ Finarbcial Instruments, and Section 12 'Olher Financlal Instruments Issues. of FRS 102 to all of ils financial instruments. Flnancial instruments are recognised in the Charilvs balance sheet when the Charity becomes party to the contraclual provislons ol the Instrutnent. Financial assels and liabilities are offset. with the net amoun15 presented in Ihe financial siatemenls, when there is a legally enforceable right lo set off Ihe reLX)gnlsed amounts 8nd there is an Intention to settle on a nel basls or to reallse the assgt and sellle the liabillty simultaneously. Basic flnancffal assets Basic financial assèts, which include debtors and cash and bank bal8n¢es. are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective nteresl method Ljnless the arrangement constitutes a Ilnancing Iransaetion, where the transaction Is rneasured al the pres8nt value of thè fijlure receipts dSscounled 81 a market ralo of interest. Financial assets classified as receivable wilhln one year are not amortised.
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Accountlng pollcles Icontlnued) Baslc flnan¢lal Ilabllities Basic financial Ilabili1Ses, includlng creditors and bank loans are initially recognised at Iransactlon prfce unless the arrangement constitutes a finanang Iran58Ction, where the debt instrument is measured at the present value of the futltre payments discounted at a markel ra10 of interest. Financial liabilities classilied as payablg within one year are not amortised. Debt instruments ara subsequenmy carried at amortised cost, using the effective interest rate method. Trade creditors obligation5 to pay for goods or services that have been acquired In thè ordinary course of operations from suppliers. Amounts payable are ¢lassified as current liabilities il payment is due within one y88r or less. If not, they are presented as non-current liabilities. Tradè c¥edilors affj recognised Initially al Iransactlon price and subsequently measured at amortised cost uslng the effeellve interest method. 1.9 Taxation The Tru51 is a regisleTed charity and Is not liable lo Unlled Kingdorn Sncome or corporation lax on charilabl aclivlties, provlded Income falls wllhin the charitable exemptlons and is spent on charitable purposes. 1.10 Concgsslonary loan5 COnsSIonary loans are inilia11y r8cognised and measured al the amount received or paid out, with the ¢arrying amount adjusted in SLJbsequent years to reflect repayments and any accrued interest and adjusted if necessary for any Impaimient. Donations and legaci*s Unrestricted Designated funds funds 2023 2022 DonBtions and glfts 39,700 39.700 46,900 For thè year end&d 5 April 2022 45,000 1,9LIO 46.900 Investmènts 2023 2022 Inl8r8sl recewable 7,278 330 All unrestricted in both 2023 and 2022.
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2023 Running me8ting rooms and olhgr charltable activitlg5 Unrestrlctod Deslgnated 2023 2023 Total 2023 Total 2022 Runnlng meetlng rooms., Depreclalion and impairfflent ThornfieSd Upkeep 2,125 16,548 15.820 1.737 1.025 1,142 60 8,024 2,574 2,072 1.779 2,125 16,548 15,820 1,737 1.025 1.142 60 8.024 2,574 2,072 1,779 1.370 4,647 8.158 1,387 320 621 74 Insuran IT and data software Phone Bank charges Con9ragalion support Hosting ¢osts Cleaning Legal and professional fees 2,145 Other charltablg actlvltios: Food DonaliorTrs Donations madts Donations to Nunthorpe Gospel Hall Trust Governance costs 1,050 1,500 7,371 2,100 900 439.606 2,292 1,500 2.400 439,606 2,292 495,704 1.500 497,204 30,743 All unrestricted costs in both 2023 and 2022. Included in governance costs aro Independent ex8rnlnatlon fees of £82512022- £7501 Tru5t•&s None ol the Trustees {or any persons connected wilh them) recaivad any remuneration or benefi15 frorn th8 Charity during the year. Employeos The average monthly number of employees during the year was.. 2023 Mumtjar 2022 Number Total There were no employe8s whose annual remuneration was more than £60,000. 10-
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Tangible fixod assets Land and bulldlngs Plant and maGhlrbEry Total Cost Al 6 April 2022 Addi1Sons 746,000 31,923 5,145 777,923 5,145 At 5 April 2023 746,000 37.068 763.068 Depreclatlon and Impalmiént Al 6 April 2022 Depreciation charged in the year 26,443 2,125 26,443 2,125 At 5 Aprll 2023 28.568 28.568 Carrylng amount At 5 April 2023 746,000 8,500 754,500 Al 5 Aprll 2022 746,000 5,480 751,480 Programme related Investments Concessionary Loan At 6 April 2022 and at 5 Aprll 2023 500,000 Durlng the 2018 year end a concessiDnary loan was madg to Sprlngwo11 Gospal Hall Trust for £SOO,OOD. This was used to purchase a hall which is lo be used to spread the gospel message lo the wlder communlty. D•btor8 2023 2022 Amounts falling due wlthin one year: Other debtors Prepayments and accrued income 200,000 73,052 200,000 62,918 273,052 262,918
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 10 Crèdltors: amount5 falling due wilhin one year 2023 2022 Trade creditors Accruals and deferred income 6,326 5.984 3.249 12.310 3.249 11 Analysis of net a55et5 between funds Unrestrlcted Designated fund5 fund 2023 2023 Total Unrestrfeted Dosignal$d funds funds 2022 2022 Total 2023 2022 Fund balances al 5 April 2023 are repres8nt8d by.. Tangiblfy assets Programtllg related assets Cur¥ent asselsl{liabillliesl 754,500 754,500 751,480 751,480 500,000 3,117,452 500,000 500,000 3,119,447 3,570.698 500,000 1,995 3,572.693 1,995 4,371,952 1,995 4,373.947 4,822.178 1,995 4,824,173 12 Deslgnated funds The income fLJnds of th8 charity in¢lude the followng designated funds which have been sel aside out of unreslrfcltrd funds by the Iruslees for specific PUTposes'. Movement in funds Income Balance at 6April 2021 Inme Exp8ndltuYe 88larb¢è at 6 Aprll 2022 Balance at 5 Aprll 2023 Emergency Needs Fund 1,145 1,900 11.0501 1,995 1.995 1,145 1,900 11,0501 1,995 1.995 13 R•lat8d party tran¥J¢tlon¥ Thora wèr8 no disclosable related party transactions during the year12022- nonel. 12-