Company registration number.. CE002670 Charity registration number.. 1160509 Munchkins Miniature Shetland Rescue {A company limited by gLTaranlee) Annual Report and Financial Statements for the Year Ende(131 August 2025 WESTCOTTS CHAHTERED AtCOVNTAtIi 4 aU8lllE86 AOVISER*
Munchkins Miniature Shetland Rescue Contents Reference and Adminislralive Detsils Trustees, Report 2to4 Independent Examinerfs Report Statement of Financial ActNilies Balance Sheet Notes to the Financia5 Statements 8t016
Ivlunchklns Miniature Shetland Rescu6 Reference and Adminlstratlve D•talls Trustse$ Tcmarx K M Lavery S A Ralclirfe (appointed 19 DttLernber 2024} F E Marx (appointed 19 De¢ember 2024) A G Foxcroft (resigned 14 Novomber 20241 1160509 Gharlty Reglstrauon Number Company Registration Number CE002670 eglstered Office Morganhayes Famihouse Soulhleigh Colyéon Devon EX24 6RY Weslcolts ISW) LLP Chartered Accountants Timberly South Street Axmin8ter Devon EX13 SAD Ind6pendent Examlner Page 1
Munchkins Mlniature Shetland Rescue Trustees. Report Th8 trustees. whn arFJ directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charilat>l8 company for thè year elidéd 31 August 2a25. Oblectivgs and activities Objects and aims The charitable objective of the charity is 'lor the benefit of th& public to relieve the Suffering of miniature She11and ponies in need of care and attention and. in particular. lo provide and maintain rescue home or other facilities for the reception, care and treatment of 8uch ponies,. In the last year we have cared for 59 ponies. of which 11 were new arrivals linGluding some ponies that have been returned from their losler homes) and have been rehomed. All have been provided with suitable grazing and addf(ional feed. hay and supplements as appropriate. All receive regular veterinary treatment including vaccinations. worming and dental care. In addition, several ponies have been treated lor ongoing chronic conditions. and many others need specialist management lo control laminitis. Purpose built stables, the new barn which is nèaring completion for the sentor ponie5 and some which have more complex mecsical needs, a sand lum out area, and an enrichment mud-conlrolled mat area are available for those which need it and field shelters 3Te also provided. In addition, a large concrete area around the barn is used in adverse weather conditions. We have had a track system installed for use primarily by our laminilic ponies and this track 15 being eonlinued around our 12.>acTe sile, it 1$ still under construction. All ponies are checked and handled daily by our team of volunteers, including our Yard Assistants who 81s0 ensure that all facilities are kept ¢an and safe. We are conts¢ted regularly by members of the public reporting ponies in need or requesting help lor their own ponies owing to personal circumstances. In choosing those most in need, the Trustees have regard for the guidance issued by the Charity Commission on public benefit. Whets the physical 8nd behavioural conditn of the ponies is sullable, we seek long4erm foster homes. which are rigorously checked both before énd after placent Public bgnefit Thè trustee8 confimi that they have complied with the requirements of section 17 of the Charities Act 2011 lo have due regard to the public benefit guKlance published by the Charty Commission for England and Wales. Achlevemgnts and pertomiance Financial rgview The financial statements and the accounting policies used in theif preparation comply wlh all th8 current statutory requirements and with the governing document. The Statement of Financial Activ(ties shows the charity had a total income of £360,806 12024: £228,498) and lolal expendrture of £247,621 12024.. £183.3751 during the period. Income exceeded expenditure in the period by £113.18512024.' £45.1231. The total reseNes held at the year end were £409,914 (2024.. £296,729). Of this £93,900 12024: £33,517) was restricted. P8ge 2
Nunchklns Miniature Shetland Rescue Trustees. Report Structure, govern•nce and mnagomant Nature of govemlng docum•nt Munchkins Miniature Shetland Rescue is a charitable ineorporatsd organisation govemed by a Gonstilulion dated 16 February 201 S. The charity 1$ managed by a group of up to 8 Trustees who are appoinlgd by the existing Trustees. Oryanlsatlonal structure Munchkins have now 3 selfmployed people. 2 of whom a8$i$l in the adminislralion and 1 assists WTth Social Media and photography, the vast majority are volunteers of whom there are currently 130 adults on roll. plus teenage helpers al the weekends. Most come regularly every week, providing hands-on help with the ponies. We have and do welcome volunteers with additional needs including their caierslsupport wot1(ers, plus D of E. wolk experfence. Others perfom adminislrative task¥ or help to maintain the facilities. Others help on special occasions, notably the annual summer fayre and other fund-raising activities. The Trustees wish to record On again their grateful thanks for the hard work, dedication and commitment of 211 our volunteer5. Statement of trustees. re$ponsibillties The Iruslees (who are also the directors of Munchkins Miniature Shetland Rescue for the purposes of cotnpany Jawl are responsible for preparing the trustees, report and the financial statements in accordance with applicablo law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pr8cti¢el, including FRS 102 "The Financral Reporting Standard applicable in the UK and Republic of Irelan(r'. Conipany law requires the trustees lo prepare financial slalements for each financial year. Under company law the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable eompany and of the incoming resources and applicatn of resources, including ils income and expenditure. of the charitable company for that period. In preparing these financial stslgrnents, the Iruslees are required lo.. solect suitable acGounling policies and apply them consislentjy., observe the methods and principles in the Charities SORP.. make judgements and eslimale8 that are reasonable and piudent., st8te whether applicable accounting standards, comprising FRS 102 have been followed. subject lo any material departures disclosed and explairied in the financial slalemenls. and prepare the financial statements on the golng conc&m basis unless f( is inappropriale lo presumo that the charitable company will continue in business. The Iruslees aro responsible for keepin9 proper accounting records that can disclose with reasonable accuiacy al any time the financial position of the charitable company and enable them lo ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable Company and hen¢e for taking reasonable steps for the prevention and detection ol fraud and other irregulaiilies. The trustees are responsible for the maintenance and inlegrty of the eorporate and financial information included on the charitable companls website, Legislation governing the preparation and dissemination of financial slalemènls may differ from legislation in otherjurisdi¢lions. Page 3
Munchkins Minlature Shetland Roscue Trustees. Roport Dlsclosure of 5nlormation to audltor Each trustee has lakèn steps that they ought lo ha tsken as g trugtse In Ordgr to make thems•lves aware of any relevant audit infomiation and to establish that the charity's auditor 1$ aware of that infomiation. The InJste8s confim that there is no relevant inlormation that they know of and of which they know thè auditor is unawaro. The annual report was approved by the trustees of thg ¢harty on behaw by.. 03.ckn.¥ and spjrted on Its Tcma Chaiman and Iruslee Pag8 4
Munchkins Miniature Shetland Rescue Independent Exarninerfs Report to the trustees of Munchkins Minlature Shetland Rescue ('the Company) I report to the charty trustees on my examination of th8 accoiints rtrf thp. r.t)mpAny fnr IhA year ended 31 August 2025. Re$pon$ibilltles and basis of report As the charity's Iruslees ol the Company (and also ils directors for the pu0$eS of company law) you are responsible for tho pieparatKJn of the accounts in accordance with the requiiements of the Companies Ad 2006 Ilhe 2006 Act.). Having Satisfied mysew th* the accounts of the Company are not required to be audi(ed under Part 16 of the 2006 Act and are eligible for independent examination, l POrt in respect of my examination of your charity's accounts as Carried out under seclion 145 ot the Chorilies Act 2011 ('Ihe 2011 Acl'l. In carrying out my examination I ha followed the Directions given by the Charity Commission under seetion 14515llbl of the 2011 Act. Indèpendent examinefs statement Since the Company's gross income exceeded £250,000 your examiner must bè a member of a body lislecl in section 145 of the 2011 Act. I confimi that l am qualified lo undgrtake the examination because l am a member of We5tcotts {SWI LLP, which is one of the listed bodies. I have completed my examination. I wnfirm that no matters have come to my attention in connection with the examination giving me cause to believe= 1. accountlng records were not kept in respect of Munchklns Miniature Shetland Rescue as lequid by section 386 of the 20C6 Aet., or 2. the accounts do not accord wllh those records.. or 3. the accounts do not comply with the accounting quirementS Qf seclion 396 of the 2006 Act other than any requirement that the aUnts give a Irue and fair VI which 13 not 8 matter considered as part gf an independent examination.. or 4. the account5 have not been prepared in aecordance with the methods and principles of the Stslemenl of Recommended PraCte for aeeounling and reporting by charities lapplicablg to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 10211- I have no concems and have Come across no other matters In connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Mr S J Carringlon FCA For and on behalf of W¢stcotts (SW) LLP Timberly South Street Axminster Devon EX13 SAD 09.06.2026 Date.. Page 5
Munchkins Miniature Shetland Rescue statement of Flnancial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unresirlcled funds Restrfcted funds Total 2025 Total 2024 Note Income and Endowments from.. Donations and legacies Charitable actNities Other trading activities Investment income 233,946 10,753 13,460 1.147 101,500 335,446 10,753 13,460 1,147 360.806 215.514 1,044 10,489 1,451 Total incom& 2S9,306 101.500 228,498 ExndItUre on: Charitable aclivilias 206,504 41,117 1247.6211 247.621 1183,375) 1183.3751 Total expendf(ure 206,504 141,117 60.383 Net incomo 52,802 113.16S 45,123 Nel movement in funds 52.802 60,383 113,185 45,123 Rèconciliatlon of fund$ Total funds brought foThvaid Totsl funds earried forward 17 263.212 33,517 296,729 251,606 316,014 93,900 409,914 296.729 All of the charty's activitie8 derive from wntinuing operations during the above tsvo periods. The funds bwkdown for 2024 is shown in note 17. Page 6
Munchkins Minlature Shetland Rescue (Registration number: CE002670) Balance She•t as at 31 August 2025 2025 2024 Note Fixod assets Tangible assets 12 521.798 420,646 Current assets Stocks Debtors Cash al bank and in hand 3.500 15.713 119,380 138,593 2,500 6.530 95,666 14 104,696 Creditors: Amounts f8lling due within one year Ngt current assets 15 {25,1431 15,2691 99.427 113.450 Total assets less current liabilltles 635,248 1225,334 409,914 520,073 Creditors: Amounts falling due aftermorethan one year 16 Net assets 1223,344 296.729 Funds ofthe charity: Rè5trlcted incom& funds Rgslricted funds 93,900 33,517 Unrestricted income funds Unrestrided funds 316,014 263,212 Total funds 17 409,914 296,729 For the financial year ending 31 August 2025 th8 charity was entf(1gd lo exemption from 8udll under section 477 of the Companies Act 2006 relating to small companie¥. Directors. responsibilities.. The members have not required the charity to obtain an audit of ils accounts for the year in question in accordance with section 476; 8nd The directors acknowlodge Ihelr responsibilrties for complying wf(h the requirements of the with respect to accounting reco8 and the preparalKJn of accounls. The financial statements on pages 6 to 16 were approved by the trustees, and authorlsed for issue on 03 . OG :.4.. and signed on their behalf by.. Tcma Chairman and trustee Page 7
Munchkins Miniature Shelland Rescue Notes to the Financial Statements for the Year Ended 31 August 2025 1 Charity status The charity Is limited by guarantee, incorporated in England & Wales, and consequently does nol have share capital. Each of the Iruslees is liable lo contribute an amount not exceeding £1 towards the assets of Ihe charity in the event of liquidation. The address of f(s registered office is.. Morganhayes Farmhouse Southleigh Colyton Dgvon EX24 6RY 2 Ac¢ounting pollcles Summary of Significant accounting policies and key accounting estlrnates The principal accounting policies applied in the preparation of these financial slalemenls are sel out below. Thes& policies have been consistently applied lo all the years presented, unless otherwise slated. Statement of Compliance The financial statements have been prepared in accordance with Aeeounling and Reporting by Charities.. Statement of R&commended Pradice (applicable to charities preparing their a¢counls in accordance with thè Financi81 Reporting Slandard applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191 - (Charities SORP IFRS 10211, the Financial Reporting Stsndard applicable in the UK and RepLtblic of Ireland {FRS 102) and the Companies Act 2006. 8asis of preparation Munchkins Miniature Shetland Rescue meets th8 definition of a publ benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or tr8nsaclion value unless otherwise stated in the relevant aecounling policy notes. Going concern The trustees consKler that ther8 are no material uncertalnties about the chartys abilty to continue as a going concern nor any signfficant areas of uncertainty that affect the carrying value of assets held by the charity. Exemptlon frorn preparlng a cash flow statement The charity opted lo e8rly adopt Bulletin 1 published on 2 February 2016 and have therefore not included a Cash flow slalemenl in these financial stalemenls. Page 8
Munchklns Minlature Shgtland Rescue Notes to the Flnancial Statements for the Year Ended 31 August 2025 Judgements and key $ourcfts of estirnation uncertainty The preparalien of the finaneial statements requi$ management to makg judgements, estimates and assumpllons that affect the amounts reportod. These eslimales and judgements a conts"nualty reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under thè eireumslances. There are judgements or key sources of eslimalion uncertainty that have a signrficanl risk of causing a material adjustment to assets and liabilities to be disclosed. Income and èndowments All income is recognised once the charty ha3 entitlement lo the income, il is probable that the income 11 bè feceived and the amount of the Income re1vabl$ can be measured reliabty. Donations and lega¢i•s Donations are recognised when the chanty has been notified in wri(ing of both the amount and settlement date. In the event that a donation is subject to condillons that require a Ve1 of perfomiance by the chaiity before the charity is entitled lo the funds. the income is deferred and not recognised until either those conditions are fully met. 01 the fuifilmenl of those condilions is wholly within the control of the charity and it is probable that these condiligns will be fulfilled in Ihe reporting period. Grants receivable Grants are recognised when the charty has an entement lo the funds and any conditions linked to the grants have been mel. Wherg performance conditions are attached lo the grant and are yel to be met, the income is rewgnised as a liability and included on the balance sheel as deferred income lo to released. Inv¢$tment Incomo Dwidends arè re¢ognised once thg diwdend has been declared and notiftion has been recefved ol the dividend due. Expenditure All expenditure is recognised once there is a legal or conslruclive obligation lo that expenditure, il is probable settlement is required and the amount be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to thal ¢alegory. Wheig Costs cannot be dirgctly attributed lo particular headings they have been allocated on a basis consistent with the use of reSoues, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asseV8 use. Other support costs are allocated based on the spread trf staff costs. Charitable actlvltle8 Charitable expenditure eomprises those costs incurred by the charity in tho delivery of ils aciivities and services for its beneficiaries. 11 includes both Costs that can be allocated diredly tQ such activities and Ihgse costs of an indirect nalure necessary to support them. Pagg 9
Munchkins Miniature Shetland Rescue Notes to the Financial Statements for the Year Ended 31 August 2025 Support costs Support cog19 include ccnlral functions and have been 8IIoc8led lo activty cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capila. staff costs by the time spent and other costs by their usage. Governgn¢e costs These include the costs attributsble lo the charivs compllance with unstitutional and stslutory requirements, including audit. strategic m8nagomenl and trustees meglings and 1MbUrSed expenses. Taxatlon The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance A¢1 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly. the Charity is potentially exempl from laxalion in respect of income or capital gains received wthin categories covered by Chapter 3 Part 11 of the Corporation Tox Act 2010 or Section 256 of the Taxation of Chargeable Gains Aet 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £100.00 or more are inrtially corded al cost. Depreclatlon and amortisation Depreciation is provided on tangible fixed assets so as lo write off the cost or Valuatn. less any estimated residual value, over their 8xpecled useful economic life as follows.. Asset class Freehold property Fixtures and fillings Motor vehicles Field projects Dgpreclation method and rate 5% straight lin8 20% slr8ighl line 25% reducing balance 10% slraighl line Stock Stocks aro measured al the k)wer of cost and eslimaled Selling pru less costs to complete and sell. Cost includes all costs of purchase. costs of convetsion and other costs incurred in bringing the stock lo i(5 present location and condrtion. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid inv?slments that are readily convertle lo a known amount of cash and a subject to an insignfficanl risk of Chan in value. Pagg 10
Munchkins Miniature Shetland Rescue Notss to the Financial Statements for the Year Ended 31 August 2025 Bnrmwin Js Interesl-bearing borrowings are initially rereed al fair value, net of transaction costs. Interesl-bearing borrowings are subsequently carried al amortised cost, with the difference between th& proceeds. nel of transaction costs. and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over th& period of the relevant borrowing. Interest expense is recognised on the basis of the effeclivg interest method and is included in inleresl payable and similar charges. Borrowings are classified as current liabilrties unless the charity has an unconditional right to defer settlernenl of the liability for al least 1ve months aftor the reporting dale. Fund structure Unreslricled income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Reslricled income funds are those donated for use in a particular area or for specific purposes. the use of which is restricted lo that area or purpose. 3 Incomg from donations and logaclgs UnrestriGtgd funds General Restricted funds Total 2025 Donations 233,946 233.946 Grants receivable 101,500 101,500 101,500 335,446 233,946 Unrestricted funds General Restricted funds Total 2024 Donations 187,764 187,764 Grants reGeNable 27,750 27,750 187,764 27,750 215,514 4 Income from charitablo actlvlties Unrestrlcted funds General Totsl 202S Total 2024 Sale of goodsl8eNice8 as part of direct charilablg activilie8 10.753 1,044 Pago 11
Munchkins Miniature Shetland Roscue Notes to the Financial Statements for the Year Ended 31 August 2025 S Income from other trading activities Unrestricted funds General Total funds Total 2024 Fund raising events 13.460 13,460 13,460 13,460 10,489 10,489 6 Investmènt income Unrestrlcted funds General Total 2025 Total 2024 Bank interest receivable 1.147 1.147 1,451 7 Expendlture on charltable actlvllles Unre5tr5cted funds General Restrkled funds Total 2025 Not• Charitable activities Support costs 110.338 96,166 28,SOO 14.617 41.117 136,838 110,783 247,621 206.504 Unrestricted funds General Restricted funds Total 2024 Note Charitable actNilies Support costs 102.726 75,059 177,785 102.726 80,649 183,375 5,590 5,590 Page 12
Munchkins Miniature Shetland Rescue Notes to the Financial Statements for the Year Ended 31 August 2025 B Anaty515 of govei'i)ai)¢e &iiU ¥uppurl LI1¥ Uniestricted funds General Restrlcted funds Totsl 2026 Total 2024 Human resources Governan costs Premises Paypal fees General office Depre¢ialK)n Sundry costs Motor and Iravelling Costs Fundraising costs Loan interest Depreciation 3,474 7,625 9,515 149 31.349 25.681 1,335 3.234 2,730 11,074 3.474 7,625 9,515 149 31,349 37,389 1,335 3,234 2,730 11,074 2.909 5,027 6.311 5,634 238 21,756 28,745 2,188 1,593 6,917 2,240 11,708 2,909 14.617 96,166 110,783 80.649 g Net incomlngloutgoing resources Nel incoming resources forthe year include.. 2025 2024 Depreciation of fixed assets 37,389 28,745 10 Trustees remuneratlon and expenses During the year the charity made the following transactions with trustees.. K M Lavery £Nil {2024'. £146} of expenses were reimbursed to K M Lavery during the year for travel and feed costs. No Iruslees, nor any persons connected with them, have received any remuneration from the charity duThng the year. No Iruslees have received any olhor benerrts from Ihe ¢hority during the year. 11 Independent examin¢r's remuneration 2025 2024 Fees payable to tho independent examiner for. Independent examination of the financial statements 668 621 Pege 13
Munchkins Minlature Shetland Rescue Notes to the Financial Statements for the Year Ended 31 August 2025 12 Tangible flxed as$8ts Freehold land and bulldlngs Furniture and equipment Motor vehicles Fleld projects Total Cost Al 1 September 2024 Additn9 333,481 54.044 34.085 3,149 50,862 6,600 140.580 559.008 77,657 141,450 At 31 August 2025 Depreciation Al 1 September 2024 Charge for the year 387.525 37,234 57,462 218.237 7t)0,458 30,756 7,704 16,243 6,437 37.372 5,022 53.991 21,135 138,362 40,298 At 31 August 2025 38.460 22,880 42.394 75,126 178.660 Net book value Al 31 August 2025 Al 31 August 2024 349,065 14,554 15,068 143,111 521,798 302.725 17.842 13,490 86,589 420,PA6 13 Stock 2025 2024 Sloeks 3.500 2,500 14 Debtors 2025 2024 Trade debtors Prepayments Accnjed income 435 3,159 12.119 15,713 6.530 6,S30 15 Credltors: amounts falling due within one year 2025 2024 Trade ¢dItorS Lo8n5 Accruals 19.743 155 5,24S 297 1.331 3,641 25,143 5.269 Page 14
Munchkins Miniature Shetland Rescue Notes to the Flnancial Statsments for the Ygar Ended 31 August 2025 IG Creditors- amouiits falllilg ¥(l¥r uiiè y¥ar 2025 2024 Loans 225,334 223.344 17 Funds Balance at 1 Septernber 2024 Balance at 31 August 2025 Incoming re50urce5 Resources expended Unrestricted funds General General Funds 263.212 259.306 1206.504) 316,014 Restrlcted funds Animal Reseue Foundation Hilda Holmes Trust Animal Friends Pel Insurance Vets Bills Pets al Home 8,856 24,661 14111 (11.297) 8,445 13,364 26,500 75.000 {26,500) 12,9091 (41.1171 72,091 93,900 33,517 101,5QO Total funds 296,729 360,806 1247.621} 409,914 Balance at 1 September 2023 Balance at 31 August 2024 Incorning resourc&s Resources expended Unrestrictsd funds General General Funds 240,249 200.748 1177,785) 263,212 Restricted funds Animal Rescue Foundation Hilda Hglmes Trust Animal Friends Pel Insurance Vets Bills Pets al Home 5.267 5,000 1.090 4,000 23.750 1411) 14,0891 11.090) 8,856 24,661 11,357 27.750 15,590) 33.517 Totsl fundg 251,606 228,498 183,375 296,729 Page 15
Munchkins Miniature Shetland Rescue Notes to the Flnancial Statements for the Year Ended 31 August 2025 Animal Friends Pet Insuranee- Thls fund was held specbfictilly lu be ¥peiil uii i118uiai)Lè. Animal Rescue Foundation This fund was held specificalty lor capital expenditu on the field shelter. The strICted expenditure on this reseNe represents the lifting of depreciation in relation to the restriction on the caprtal expendi(ure meeting specific designation of grants received. Hilda Holmes Trust - This fund is held specrfiGally for capital expenditure towards the new track System. The restricted expenditur8 on this reserve represents the lffting of depreciation in relatitin to the StrICt10n on the c2pital expenditure meeting spe¢ifi¢ designation of grants received. Vet Bi115 . This fund was hekl specifically to b8 spent on vet bills. This included grants recEived from Hilda Holmes Trust, Bety Phillips and Animal Rescue. Pets at Homg - This fund is held specifi¢ally for capital expendf(ure on the new bam. The restricted expenditure on this reserve represents the lifting of depreciation in relation to the restriction on the capital expenditure meeting specifi¢ designation of grant8 received. 18 Analysls of net assets bgtwgen fund$ Unrestrlctsd funds General Total funds at 31 August 2025 Restricted funds Tangible fixed a$$ets Current assets Current liabilities cditorS over 1 year Total net assets 427.898 138,593 125,143) 225,3341 316.014 93,900 521.798 138.593 125,1431 1225.334) 93.900 409,914 Unrestrlcted funds General Total funds at 31 August 2024 Rostrlcted funds Tangiblo fixed assets Current assets Current liabilities Creditors over 1 year 387,129 104,696 15,269) 223,344 33.517 420,646 104.696 (5.269) 1223.344 296,729 Total net assets 263,212 33.517 19 Related party transactions The land that the Charity operates on was owned by Paul and Tammy M8rx. In June 2024 this land was purchased in the fomi of a loan from the trustee. At the end of the year there was a balance of £225,48912024'. £224,675) owed by the Ch8rity lo Paul and Tammy. Tammy is a current trustee of the Charity. Page 16