CHARITY REGISTRATION NUMBER: 1161631 KINGS CHURCH SWANSEA Unaudited Financial Statements 31 March 2025
KINGS CHURCH SWANSEA FlnanGial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities 10 statement of financial position 11 Notes to the financial statements 12
KINGS CHURCH SWANSEA Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudlted finanGial statements of the charlty for the year ended 31 March 2025. Reference and adminlstratlve details Reglstered charity name KINGS CHURCH SWANSEA Charity reglstration number 1161631 Prlncipal office The trustees Mr D Morgan Mrs E Morgan Mr M Thomas Mr D Brown Mrs R White Independent examiner Carl West ACA 43 Brynymor Road Gowerton Swansea SA4 3EY Structur8, governance and management Kings Church Swansea is a user led organisation for the advancement of the Christian falth for the publiG benefit and became a registered charity (Reg No= 1161631) in 2015. As a reglstered charity, Kings Church Swansea has a constitutional document that Ilsts the work we do and how we do it. As such, we have to adhere to the rules, regulations and legislalion as set by the Charities Commission. We also have a set of accessible operational policies and prOdureS that show clearly what to do in certain circumstances. We have strict financial systems in place to carefully monitor expenditure. Kings Church Swansea is run and directed by a Management Committee of memb8rs, Irustees and people from Ihe community that have an interest in our work and are equipped with knowledge and Skills to help. They meet periodlcally to discuss our current services and potential future projects. At the end of each flnancial year a Trustees Annual Report is prepared and independently examined. Annual Accounts are compiled. Annual General Meetings held in accordance with our constitution each year.
KINGS CHURCH SWANSEA Trustees. Annual Report (continued) Year ended 31 March 2025 Objectives and activitlOS The objects of the charity are the advancem8nt of the Christian faith for the public benefit in the UK and suoh parts of th@ world that the trustees think fit according to the statement of beliefs. The main objectives are to: The prevention or relief of poverty Religiou5 activities Human rlghts l Rellglous or raclal harmony l Equality or dlv8rsity Kings Church Swansea looks to help the general public 2nd mankind In ggneral. Kings Church Swansea does thls by providing human resources, use of a building with facilities, open space and provides services.
KINGS CHURCH SWANSEA Trustees. Annual Report (Gontinued) Year ended 31 March 2025 Achlevements and performance Over the last year we have continued to see Dur congregatlon growing In slze and most weeks we are pleasantly surprised to still see new faces popplng In to join our servlce. Our multl-cultural congregatlon consists of white British, Southern American's, German, Nigerians, and Jamaicans and South Afrlcans. Its so great for us to see this, people from all different places coming together in the name of Jesus, Through the Media of Zoorn and Facebook Llve, we still contlnue to stream our meetings for those who cannot physically attend or for the famllles that still contlnue to join us online that are not from our area, such as our friends frorn Uganda. We continue with our: . o Weekly Sunday Morning service meetlngs In our Swansea Building o Connect Group meetings every Wednesday evening in both our Swansea and Llanelli Bulldings o Early morning prayer meetings over Zoom o Praise & Worship PraGliGe every Monday evening and early Sunday morning o Regular Trusteg Meetings The Church WhatsApp groups continue to prove integral in keeping us all togethor, on a dally basls as a support network and encouragement for both the congregatlon and its leaders. These consist of.. o Klngs Church Group - Main church group (whole congregation} for daily words of encouragement for all, not1 of event5 etc o One Arlse- Ladies group o Prayer group o Pastors group o Leaders group o Trustees group - k@ep UpToD818 and be able to make decisions o Daily Christian Literature group We also still use the WhatsApp groups for diFFerent departments to help in the running, organising and planning of church. These still prove to be of great benefit. o Kids ChurGh Workers group o Worshlp group o Hospitality Group o Conneot Groups o Vesty Coffee shop Group- for the volunteers 'As a church we continue to support 'One for Israel,. A ministry in the heart of Israel, proclaiming salvation to Israel, raising up leaders and equipping them with the tools they need to transform their communitles. 'We continue to support Pastor Ray Bevan's ministry with a small monthly contribution. Ray Bevan is the founding Father of 'Kings Church, and after pastoring the same church for 25 years, he now continu8S to minister the Gospel of the Grace of God, worldwide. Our support to him in thls fulfils our responsibility to action the Command given to us by our Lord Jesus Christ in Mark 16,.15. "We continue to support compassion who are a18ading Christian children's charity who fight poverty globally. We now sponsor 5 children through Compassion, Our contribution helps towards deliverfng a child developmeNt programme. With each child Ihat gets sponsored, children, families and entire communities are being empowered to overcome poverty and thrive both now and Into the future. We
KINGS CHURCH SWANSEA Trustees. Annual Report (contlnued) Year ended 31 March 2025 continue to partner wlth Andrew Wommack Ministries. We sow Into the ministry by giving £50 a month. Through partnerlng wlth them, we are not just supportlng a mlnSstry, we are supporting th8 Gosp81. Belng part of The monthly Grace Partnership, we are helplng to share th8 Gospel cf God's unconditional Love and Grace through various forms of media, some of these materials of Andrews teachings are also given free to inmates and to those who need It most. It also helps to raise up d15clples through the Charis Bible college programme they run, to found churches and missions across the globe, and to disciple Pastors and Leaders, sowlng into their communities and feeding them both physlc811y and spiritually. conllnue to partner with 'Tree of Life Church,. They have agreed for the foreseeable future to sow into us by blessing us monthly with £200, and we ar@ sowing back to them with £50 a month. 'Emma contlnues lo deal wlth the admin side of things and to galn advlce and guidance from the 'Thinklng Church, service5, for this, along wilh both David and Emma who speak to them for advice regarding the structure and vlslon of the 2 church buildlngs moving forward. Regarding all the governance- as We l The Charity, are now in receipt of all our documents from the old soliGltors and being able to seek guldance from a new solicitor to be able to put all the governance back in order, we reached out to Anthony Collins Solicitors to retJresent us. These solicitors were highly recommended to us as they deal with churches and charlties. They have begun working through all our documents to put everylhlng in order. On 413124 the trustees agreed to us becoming a CLO moving forward, this was relayed back to the sollcltors, and then afler receiving an advlce note from them to consider which fee optlon, we the Trustees agreed to fee opticn 1, All thls work will ensure all documents are in order and to enable u5 to move forward with becoming 'Klngs Church Neiwork,.
KINGS CHURCH SWANSEA Trustees, Annual Report (Gontlnued) Year ended 31 March 2025 Achievements and performance (contlnugd) 'In October 24, The Vestry coffee shop put forward a request to F(ings Church Swans&a Charity, for at the start of Ihe new year of January 25, for a £1000 advance working capital for the Vestry Coffee shop Project. with the aim that by 2026 all money will be paid back, and the coffee shop will be in profit of £fjOOO Itself. This was agreed by the truslees. With an account system in place, they are tracklng all aCtvItY. Every month they have covered the capital spent and made a small profit. We are already very confident that not only wlll they be able to pay back the advance working capital to the charity, but before the estimated time of 2026 as well. The Vestry, in Llanelll continues to be open weekly for Coffee shop, soup kitchen, and an evening church meeting. It also continues to run regular comrnunity Wardrobes. Emma has continued the relationshlps with dlfferent organisations In the local area of Llanelli, so that each time we hold a 'Community wardrobe, they can 18t thelr clients know. These slill work very well and are greatly appreciated in the community- It still hires a Gleaner once a week. In December 24, they put on a Big Christmas event for the community of Llanelli. with a Santas grotto for the children, and clothes and toys available to help parents out during the Christmas season, 'Emma ha5 carried on utilising the Facebcok groups called. 'Llanelli Unseen,, and 'Llanelli life, events & community spirit, where she puts regular up(Jates and photos on there of what we are dolng at the Llanelli church for people to see our ongoing progress since opening 'Th8 Vestry,, and to advertise the weekly golngs on. and any upcoming events. 'John and Susan Donnelly, Pastor5 from Scotland, and who are a huge part of Andrew Wommack Ministries, got in touch wlth Pastors David & Emma Morgan, to arrange to travel down and spend the weekend wilh us, mlnlstering lo us, and getting lo know us as a church and individually amongst the Pastors l Leaders, With the additlonal aim for Pastors David & Emma Morgan to be put forward as regional advocates for the whole of Wales, Mflth the ARMI programme under Andrew Womm8ck Ministries. This weekend went ahead in November 24, and shortly after that weekend, the Lead Pastors of Kings ChurGh Swansea, Davld and Emma Morgan, vwere invited by John Donnelly to be the UK head of ARMI (Association of Related Ministries Internation81), to be the Regional leaders of ARMI for Wales and West, under Andrew Wommack Ministries. 'Mike Ssamukala I Charis Bible College Uganda We are very encouraged by the ongoing progress of Mlke Ssamukala at Charis Bible College (Andrew Wommack Mlnistries) in Uganda. As trustees, we agreed last year to fund his first-year tuition fees (approximately £500), with the understandlng that this would support his commitment to the full Ihree-year programme. We're pleased to confirm that Mike has completed his firsl year successfully and is now well into his second year. Given his consistent dedication, slrong perfDrmance, and regular weekly updates, in January this year, 2025, we approved funding for his second-year luilion (also approximately £500, converted to Ugandan shillings). He remains Dn track to complete year two and proceed into his third and final year. The vision the Pastors of our Charity have, is still to put Mike through Charis completely, and eventually ordain him as Pastor of Kings Church Uganda.
KINGS CHURCH SWANSEA Trustees, Annual Report (contlnued) Year ended 31 March 2025 Flnanclal revlew The accounts have been prepared In accordance with the Statement of Recommended Accounting Practice ISORP 2005). As a result they do not contain an "Income and Expenditure Account" but rather a "Statement of Financlal AGtlvltles.' This shows total incoming resources offset against total resources expended. The charity's net incoming resources of £56,507 conslsts of donatlons receivable and income from a coffee shop. Incomings exceeded outgoing resources by £924.
KINGS CHURCH SWANSEA Trustees, Annual Report (contlnuad) Year ended 31 March 2025 Plans for future periods New Objectlves The followlng objectives have been identified for the imme(Jiate'. o Continue Working with the new solicitors - Anthony Collins Solicilors and 'Thinking Church,. to relook at both our Charity structure and our Charity Name o To start our Sunday Afternoon Services from our Llanelli Church building in July this year- 2025. o Conferences - start planting I holding our own 'Kings Church Swansea, conferences. o Spend time on the maintenance of our Swansea Church building and upgrading the bullding / items where needed. o Hold regular women'5 and men'8 programmes o To hold the 'Community Wardrobes, more regularly - aiming to get to once a month o Look into linking up with different local provid8rs in Llanelli to use our 'Hub Room, at The Vestry,. to be a presence there once a week, being able to sign post people, offer courses, training, Support and advlce, amongst many other ideas. Longer Term Objectives o See if we can bring extra income into the church by hirlng the vestry hall I smaller rooms out for birthday parties, classes, workshops, meetings etc. o Look into funding options 8nd grants that may be available for us to continue with the huge renovations of the Llanelll bulldlng o Project - Outside Courtyard space - renovate and have as an extension from the Vestry kitchen with a beautiful colourful outside space for people lo sit and enjoy wlth a coffee and a sandwich. We continue to move forward together, the Pastors, the leaders and the ever-growing congregation, eager and so excited to see what the Lord is going to do over the rest of this year in our Swarlsea building and in our Llanelli building when we open the doors from July, and moving forward into year 2026.
KINGS CHURCH SWANSEA Trustees. Annual Report (contlnued) Year ended 31 March 2025 The trustees, annual report was approved on 21 July 2025 and signed on behalf of the board of trustees by: Mr D Morgan Trustee
KINGS CHURCH SWANSEA Independent Examiner's Report to the Trustees of KINGS CHURCH SWANSEA Year ended 31 March 2025 I report lo the trustees on my examination of the financial staternents of KINGS CHURCH SWANSEA {'the charity,) for the year ended 31 March 2025. Responsibllltlos and basls of report As the trustees of the charity you are responsible for the preparation of th8 financial statements in accordance with the requlrements of the Charitie8 Act 2011 {'the Act,). I report in respect of my examination of the charity's finanolal statements carried out under secllon 145 of the 2011 Act and in carrylng out my examlnation I have fcllowed all the applicable Directions given by th8 Charlty Commission under section 145{5){b) of the Act. Independent examinerfs statement I have comp18t8d my examlnation. 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: accounting recorés were not kept in respect of the charity as requlred by section 130 of the the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements conceming the form and content of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirem8nt that the accounts give a 'true and falr, view which is not a matter considered as part of an independe.nt examinatlon, I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached. Carl West ACA Independ6nt Examiner 43 Brynymor Road Gowerton Swansea SA4 3EY 21 July 2025
KINGS CHURCH SWANSEA Statement of Financial Activities Year ended 31 March 2025 2025 UnrestriGted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Other trading activities Investment inccme 55,014 1,458 35 55,014 1,458 35 67,847 28 Total Incom8 56,507 56,507 67,875 Expenditure Expenditure on charitable actlvities Total expenditure <55,583) (55,583) (55.583) (55,583) (58,1881 (58,1881 Net incomo and net movement in funds 924 924 9,687 Reconclliation of funds Total funds broLJght forward Total funds carrled forward 68,623 68,623 58,936 69,547 69,547 68,623 The statement of flnancial activities includes all gains and losses recognised in the year. All Income and expendlture derive from continuing activities. Tho notos on pag88 12 to 18 forni part of these flnancial statements. 10
KINGS CHURCH SWANSEA Statement of Flnancial Position 31 March 2025 2025 2024 Notg Fixad assets Tangible fixed assets 13 68,379 68,15g Current assets Cash at bank and in hand 15,6e8 12,924 Credltors: amounts falllng due withln one year Net current assets 14 12,500 3,168 12,460 464 Total assets less currant liabllltles 69.547 68,623 Funds of the charlty Unrestricted funds 69,547 68,623 rotal charity funds 15 6g,547 68,623 These financial statements were approved by th& board of trustees and authorised for issue cn 21 July 2025, and are signed on behaEf of the board by: Mr D Morgan Trustee The notes on pages 12 lo 18 form part of these flnanclal statements. 11
KINGS CHURCH SWANSEA Notes to the Flnancial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 146 Loughor Road, Gorselnon, Swansea, SA4 6QX. Statement of compliance These financlal Statements have been prepared in compliance wlth FRS 102, The Financial Reportlng Standard applicable in the UK and the Republlc of Irgland,, the Stalement of Recommended Practice applicable to charities preparing th@ir awounts in accordance with the FlnanGlal Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Charities Act 2011. Accounting policies Basis ol pr8paration The financial statements have been prepared on the historical cost basis, as modlfied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial Statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the Charity's abllity to continue. Judgements and key sources of estimation uncertalnty The preparation of lh8 financial statem8nts requires management to make judgements. estimates and assumplioNs that affect the amounts reported. These estlmates and judgements are continually r8viewed and are based on experience and other factors. including expectatlons of future events that are believed lo bo reasonable under the Circumstan8. Fund accounting Unrestrlcted funds are available for use at the discretion of the trustees to further any of the harity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrlctions on their expenditure declared by the donor or through the terms of an appeal, and fall Into one of two sub-classes: restricted income funds or endowment funds. 12
KINGS CHURCH SWANSEA Notes to the Flnancial Statements (contlnued) Year ended 31 March 2025 Accountlng pollcles (¢ontlnuodJ Incoming resources All incomlng resources are included In the statement of financial activitles when entitlement has passed lo the charity,. It is probabla that the economic benefits associatgd with the transaction will fTow to the charity and the amount can be reliably measured. The following speciflc policie8 are applled to partlcular categories of income: income from donations or grants is reoognisgd when there is evldence of anlitlement to the gift, rec9iPt is probable and Its amount can be measured reliably. legacy income is reGogni8ed when recelpl is probabla and entitlement is establlshed. Income from donated goods is measured at the fair value of the goods unless this is Impractlcal to measure reliably, in whlch case the value 18 derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognlsed in the acGounts when received tf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of $8rvices is reocgnised with the delivery of the contracted servlce. This 15 classified as unrestricted funds unless there Is a contractual requirement for it to be spent on a parlicular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expendlture is recognised on an accruals basis as a liability is Incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raislng funds illcludes the costs of all fundraising activit18s. events, non-charitable trading activities, and the sal8 of donated goods. expendilure on charitable activities includes all costs Incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support Gosts and costs relating to the governance of the charlty apportioned to charitable activitles. other expenditure includgs all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charltable activities. All costs are allocated to expendlture calegories reflecting the use of the resource. Direct costs atlributsble to a Single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and conslstent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and Impalrment losses. Any tangible assets carri8d at revalued amounts are recorded at th8 fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated imp8irmenl losses. 13
KINGS CHURCH SWANSEA Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (contlnued) Tanglble assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which il offsets any prevlous revaluation gain, in which case the loss is shown within other recognised gains ané losses on the slatement of financial activilles. Depreclatlon Depreciation is calculat8d 80 as to write off the cost or valuation of an asset, less It5 residual value, over the useful economic life of that asset as follows: Freehold properly Plant and machinery 2Q/o Straight line 25Q/o Straight line Impairment of fixed assets A review for indicators of impairment is Garried out at each reporlillg date, with the r8coverabl amount being estimated where such indicators 8XiSt. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also r8viewed for possible reversal at each reporting date. For the purposes of Impalrment testing, when it is not possible to estimate the r8coverable amount of an Indlvidual asset, an estimate is made of the recoverable amount of the cash-generatlng unSt to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assels. For impairment testing of goodwill, the goodwill acquired in a busines8 combination is, from the acquisition date, allocated to each of the Gash-generatlng unlts that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabililies of the charity are assigned to those units. Flnancial Instruments A financial asset or a financial liability is recognised only when Ihe charity become5 8 party to th8 contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current Ilabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt Instruments are subsequently measured at amortised cost. Where Investments in shares are publicly traded or their fair value can otherwise be measured reliably, the Investment is subsequently measured at fair value with changes in fair value recognlsed in income and expenditure. All other such investments are subsequently measured at C05t less impairment. 14
KINGS CHURCH SWANSEA Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Accountlng pollcies (conunued) Financlal instruments (contlnued) other financial instruments, including derivatives, are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rale of interest that is not a market rate, in whlch case the asset is measured at the present value of the fvture payments discounled at a market rate of Interest for a simllar d8bt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised In the statement of financial activities. with the exceptlon of hedging instruments in a deslgnated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of Impairment at the end of each reporting date. If there is oblecllve evidence of impairment, an impairment IDSS is recognised under the appropriate heading in the statement of financial activities In which Ihe initial gain was recognlsed. For all equity Instruments regardless of Signrficance, and other financial assets that are Individually significant, these are assess8d indivldually for impairment. Other financial assets are either assessed individually or grouped on the basis of slmilar credit risk characteristics. Any reversals of Impairment are recognised immedlately, to the exlent that the reversal does not result in a carrylng amount of the finanGial asset that exceeds what the carrying amount would h8ve been had the impalrment not previously been recognlsed. Donatlons and legacie8 Unrestricted Total Fund8 UnrestrlGted Total Funds Funds 2025 Funds 2024 Donatlon5 Donations 55,014 55,014 67,847 67,847 Other trading activitles Unreslrlcted Total Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Shop incom8 1,458 1,458 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Fund5 2024 Bank interest receivable type 1 35 35 28 28 15
KINGS CHURCH SWANSEA Notes to the Flnancial Statements (continued) Year ended 31 March 2025 Expendlture on charitablg activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Aotivity typ8 1 55,583 55,583 58,188 58,188 Expenditure on charitable activities by activlty type Aclivilies undertaken Total funds directly 2025 Total fund 2024 Activity type 1 55,583 55,583 58,188 N8t Income Net income is stated after chargingllcrediting).. 2025 2024 Depreciation of tangible fixed assets 1.780 1,780 10. Independent examination f888 2025 2Q24 Fees payable to the indep8ndent examiner for.. Independent examination of the financial statements 500 44D 11. Staff costs The average head count of employees during the year was Nil {2024.' Nil). No employee received employee benefits of more than £60,000 dLtrlng the year (2024,. Nil). 12. Trustee remuneration and expenses No remuneralion or other benefits from employment with the charily or a related entlty were received by the trustees. 16
KINGS CHURCH SWANSEA Not8S to the Flnancial Statements (contlnued) Year ended 31 March 2025 13. Tanglble flxod assets Freehold property Plant and machlnery Total Cost At 1 Aprll 2024 and 31 March 2025 Dapreciatlon Al 1 April 2024 Charge for the year At 31 March 2025 71,801 3.692 75,493 4.332 1.436 3,002 344 7,334 1,780 5.768 3,346 9,114 Carrylng amour]t At 31 March 2025 e6,033 346 66,379 At 31 March 2024 67,469 690 68,159 14. Creditors: amounts falllng due withln one year 2025 2024 Other creditors 12,500 12,460 15. Analysis of charitable funds Unrestrlcted funds At 51 March 202 At 1 Aprll 2024 Income Expenditure General funds 68.823 56,507 {55,583) 69,547 Al 31 March 202 At 1 April 2023 Income Exp8ndilure General funds 58,936 67.875 (58,188) 88,é23 17
KINGS CHURCH SWANSEA Notes to the Flnancial Statements (Gontsnued) Year ended 31 March 2025 16. Analysis of net assets between funds Unrestrlcl8d Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 66,379 15,668 {12,500) 69,547 66,379 15,668 <12,500) 69,547 Unrestricted Total Funds Fund8 2Q24 Tangible fixed assets Current assets Creditors less than 1 year Net assets 68,159 12,924 112,460) 68,623 . 88,159 12,924 (12,460) 68,623 18