2022-03-31-accounts

BOXING FUTURES LTD

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2022

Registered Company No 8790750 Registered Charity No 1162086

BOXING FUTURES LTD

CONTENTS

Chair’s Report	3-5
Reference and Administrative Details	6
Trustees’ Annual Report and Strategic Report	7-10
Independent Examiners’ Report	11
Statement of Financial Activities	12
Balance Sheet	13
Notes to the Financial Statements	14 - 18

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BOXING FUTURES LTD

CHAIR’S REPORT

Hello and thank you for your interest in Boxing Futures.

This year, despite the challenges created by Covid-19 and its enduring impact upon our community of young people, coaches, and employees alike, we have delivered the next stage of our business plan and ensured that the high demand for our services was met. Through the programmes we delivered, it was evident that young people had experienced an increase in mental ill health since the pandemic began, which provided further motivation to help steer young people back to a sense of normality.

We are committed to being a 'Sport for Good', and a rehabilitation organisation that works primarily, but not exclusively, with young people aged 16-25 years old that are not in employment, education or training (NEET), young adult offenders, those at risk of offending, young victims of crimes and abuse, and other socially and economically disadvantaged groups.

In September 2021, we collected the keys for our own inclusive hub and gym in Yaxley, which successfully opened on the 24th of March 2022. With this facility, we will increase the number of programmes we deliver, whilst also offering new services to include an alternative education provision. The pandemic pushed Boxing Futures harder than ever to achieve the goal of opening an inclusive hub and gym, where the charity will now be able to better control our own environment providing young people a safe and inspiring environment to thrive in. We will continue to be bold and forward-thinking in supporting the communities that need us most.

Both our Brothers Through Boxing and Sisters Through Boxing Programmes have continued to thrive over the last year, providing bespoke 24-week programmes, which include community projects and residential trips to successfully engage with socially isolated young people. Both programmes facilitate new social connections, creating a renewed sense of purpose for participants, whilst achieving positive behaviour change and creating a sense of belonging within the community.

“I feel better about myself - I don’t want to be known as a criminal anymore.” (Ben, age 25)

“It increases my confidence and makes me more self-aware.” (Sarah, age 19)

This year also saw the charity’s alternative education provision (AEP) move from a pilot phase to an established Boxing Futures programme. We have received increased interest from local schools in this provision, where the opening of the hub and gym has provided further opportunities for schools. Much like the previous year, we have adapted to the changing Covid19 restrictions, utilising schools and open recreational spaces to deliver services, whilst also making good use of our remote working and online delivery infrastructure.

This would not have been possible without our team of dedicated staff and volunteers, led by Anthony York (Chief Executive Officer) and the Senior Management Team. I would like to thank

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all staff and volunteers for their dedication and commitment to the charity and the young people we serve. I would also like to recognise and thank Andy Burley (Trustee and CoFounder), who worked tirelessly to ensure the Yaxley hub successfully progressed from an empty building to a fully functioning delivery facility. The transition into the hub has not only given Boxing Futures a home, but has provided opportunity for growth, progression, and transition within the charity. This has seen two of our coaches move to full time positions, the recruitment of additional sessional coaches in London, and the creation of a new fundraising post in line with our fundraising strategy, developed in consultation with Lianne Howard Dice.

Our work and survival as an organisation in the last year would not have been possible without the support of our donors, funders and partners. I would like to thank our Benefactor for their continued generous support of our work with young people.

We thank all our funders for their support in the year and their understanding in these unusual times. Our donors this year were: Movember Foundation; The National Lottery, Poplar HARCA; Romsey Mill; Sporting Capital; Western Union; Focus Foundation; Ramsey Neighbourhood Trust; Decentral Limited; The Spicer Method; Exeter Boxing Club; Sported Foundation; and Charities Trust. In addition Boxing Futures were contracted to provide services for Peterborough Council for Voluntary Services; Bridge the Gap; Huntingdon District Council; City College Peterborough, East London NHS Foundation Trust; Peterborough City Council and ; Stanground Academy.

Our continuing relationship with the corporate sector, including an official partnership with the Worldwide Boxercise Corporation, certifies all our group work, and one-to-one programmes, meaning young people receive the highest quality coaching. This partnership further ensures staff and volunteers are trained as full or assistant instructors with access to a wide remit of resources and training materials.

Our vision for future years is to continue to build on the success of our core programmes, and to ensure the sustainability of the charity. We have recently been successful in our submission of a report and scale- up proposal for the Movember Foundation, which will support the growth of Brothers Through Boxing for an additional three-year period, including introducing it to new regions and cohorts.

As I step down from role as Chair and Trustee of Boxing Futures, I would like to take this opportunity to thank my fellow trustees for their ongoing support and commitment to Boxing Futures. They work hard to ensure the organisation develops through the provision of good governance and scrutiny, in line with the charity’s aims, objectives, and ambitions and by using their diverse set of skills and knowledge to steer the organisation in the right direction.

Thank you once again and we look forward to our continued work with the Boxing Futures community.

Ailsa McWilliam Chair of Trustees

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BOXING FUTURES LTD

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Name	Boxing Futures Ltd
Charity Registration No	1162086
Co. Registration No	8790750
(Registered in England
and Wales)
Registered Office	25 Golden Square, London W1F 9LU.
Trustees/Directors	Ailsa McWilliam (Chair)
	Linda Clemett (Treasurer)
	Ed Beecham
	Andrew Burley
	Carl Eaton-York
	Cath Harris
	Graeme Kirkwood
	Madeleine Maloney (appointed June 2022)
	Ellie Saltrick (resigned June 2021)
Chief Executive Officer	Anthony York
Company Secretary	Linda Clemett
Bankers	Barclays Bank plc

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BOXING FUTURES LTD

TRUSTEES’ ANNUAL REPORT AND STRATEGIC REPORT FOR THE YEAR ENDING 31 MARCH 2022

The trustees are pleased to present their annual directors’ report together with the consolidated financial statements of the charity for the year ending 31 March 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Boxing Futures Ltd (the Charity) is a company limited by guarantee. It was established in November 2013 and started trading in November 2014 when it received its first donation. The original Articles of Association were revised in March 2015 following a special resolution on 25[th] March 2014, and again in October 2017. Boxing Futures was registered with the Charity Commission on 9[th] June 2015.

Boxing Futures is managed by the Board of Trustees who meet regularly throughout the year to oversee the work of the Charity. Trustees understand their charitable responsibilities as well as responsibilities as directors under the Companies Act.

Trustees have been appointed to provide the range of skills needed to enable the Charity to set up and establish itself as a viable organisation, as well as providing experience of managing charities. In June 2015 a Chief Executive Officer was appointed. He enables the trustees to implement their ambitious strategic and business plans, and to manage the risks the Charity may face.

OBJECTIVES AND ACTIVITIES

The objectives of the charity are:

Through the discipline of Boxing and non-contact Boxercise we support young people, mainly but not exclusively, aged between 16 and 25 who are disadvantaged through a lack of opportunities, support and guidance. For example, Boxing Futures has successfully engaged and worked with young people who have either been in custody or are at risk of going into custody, young people who may be experiencing well-being issues, young people with learning or physical disabilities, young people who may find themselves socially isolated, and young people in, and leaving, the care system. By providing bespoke services and programmes and activities, young people have been able to develop their core capabilities and skill sets, and this has enabled them to grow so that they may reach full maturity as individuals and become proactive, positive members of society.

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We believe that delivering a bespoke service that provides maximum ability for participation, backed-up by high quality research and evaluation, will have a positive impact upon young lives, in turn reducing reoffending and anti-social behaviour. This increases the development of pro-social behaviour, as well as opening up routes to employment, education, training and volunteering.

Our core values are:

• The improvement of access to opportunities for young people is at the heart of everything we do.

• To monitor and evaluate our impact through empirical research to continually improve our services.

• To embrace diversity and inclusion, treating everyone fairly, with understanding and respect.

• To act with transparency, honesty and integrity.

• To be fully accountable to all stakeholders.

• To work in partnerships that are beneficial to the provision of services to the young people we work with.

To achieve our objectives the charity has 5 strategic aims:

Strategic Aim 1 : To improve physical and mental fitness via accessible, non-contact Boxercise programmes.

Strategic Aim 2 : To combat loneliness and build relationships amongst socially isolated individuals.

Strategic Aim 3 : To increase positive social connectedness and community involvement.

Strategic Aim 4 : To strengthen personal autonomy, resilience and self-belief.

Strategic Aim 5 : To improve educational outcomes through alternative education provision.

Underpinning the strategic aims, the charity also has 3 organisational aims:

Organisational Aim 1 : To ensure the charity develops the infrastructure and resources to enable us to continue to expand our services.

Organisational Aim 2 : To develop a sustainable income base for the charity

Organisational Aim 3: To enhance our marketing and communication efforts so that the work of the charity is far reaching with increased impact.

As Boxing Futures entered 2021 – 2022, coronavirus restrictions were still very much in place and at the forefront of the public’s mind. Stay at home orders remained in place, whilst sporting facilities such as gyms remained hindered by similar restrictions where use was only available to individuals or same household bubbles. It was clear that the on-going coronavirus pandemic

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had had a detrimental effect upon the entire nation’s mental health and wellbeing. This was further highlighted through our work within the community over the course of the year, where the effects of the pandemic were acute for young people and especially for those living with a disability or with special educational needs. Despite this, it was a relief to know that both primary and secondary schools had tentatively re-opened for students along with a range of public services and buildings such as community centres, allowing Boxing Futures to finally begin delivering full in-person sessions and programmes.

Through the charities alternative educational provision, it was also evident that those young people in mainstream education had been significantly affected across multiple levels, such as personal and social development and academic achievement. Boxing Futures experienced this across the board from early years, young people in Years 6 and 7 transitioning from primary to secondary school and those in Years 10 and 11 taking GCSE exams. The charity planned for and expected services to be in high demand throughout the year from both schools, colleges, and wider youth services partners.

Much like the previous year, 2021-2022 again saw Boxing Futures staff responding magnificently to the challenge of supporting our communities, where their collective desire, will and determination is unmistakeable, especially when considering the recently completed years output of programmes. In total, Boxing Futures delivered 60 group programmes, 98 oneto-one sessions and 24 detached youth work sessions across all geographical sites, working with a total of 721 young people. This is an increase of almost 100% in group programmes delivered compared to the previous year, an 84% increase in participant numbers, and a significant 226% increase in one-to-one sessions. Unlike last year, all programmes and one-toone sessions were delivered in-person.

2021 - 2022 Programme breakdown

Total Programmes	60
Peterborough	47
Cambridge	3
London	14
Detached Youth Work Sessions	24
One-to-Ones	98
Young People worked with across all sites	721

Boxing Futures planned for and delivered on expectations for the year, completing the charity’s business plan for our alternative education provision, and successfully securing a £50,000 social investment loan. This enabled the opening of an inclusive community hub and boxing gym in Yaxley, Peterborough, which is now fully operational and able to grow the charity’s vital alternative education provision. With disruptions to programme delivery continuing throughout 2021-2022, Boxing Futures again successfully renegotiated programme delivery timelines and reporting deadlines with all stakeholders ensuring the charity was able to ensure consistent delivery of our services.

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Earlier this year, we reported to the Movember Foundation on the impact and learnings from our Brothers Through Boxing (BTB) programme over the last 5 years of delivery, which they have generously supported. We were delighted to be invited to submit a business plan to replicate and scale BTB into Cambridge and London over the next 3 years, in which we were successful. We very much look forward to our continued work together with the Movember Foundation to make a positive difference for young men and their mental health through BTB.

Our aims for 2022-2023 are to continue building upon on the success of our core programmes and providing key services for our young people, partners, and all other stakeholders. We will continue the execution of our business plan for our alternative education provision, with a particular focus on service growth, whilst also ensuring the expansion of our core programmes ‘Sisters Through Boxing’, ‘Brothers Through Boxing’ and ‘Box Out of It’.

The table below indicates the number of programmes and session deliveries we aim to achieve this year across all delivery sites.

2022-2023 Programme Breakdown

Total Programmes	67
Peterborough	55
Cambridge	2
London	10
Detached Youth Work Sessions	0
One to Ones	60

FINANCIAL REVIEW AND RESERVES

In 2021-22, as the circumstances of the Covid-19 pandemic evolved, Boxing Futures was able to restart in-person services. While income was reduced in the year, the charity was able to use restricted funding that could not be used during the pandemic, and made a decision to draw upon a portion of our reserves to re-introduce services and develop new ones in its own facilities. Total income raised in the year was £298,534(£357,480 in 2020/21), including donations from our benefactor, grants from funders and contracts for services.

Expenditure on charitable activities increased as services were re-instated and new services were provided. Total expenditure in the year was £320,471 (£228,316 in 2020/21), of which 84% was spent on charitable activities and the remainder on fundraising, in line with our decision to invest in fundraising year-on-year so that the financial security of the charity is assured.

At the end of the year, the charity held £62,744 in the general reserve and £79,626 in the fixed asset designate reserve, totaling £142,370 in unrestricted funds (£143,278 in 2020/21). £52,277 was held in restricted reserves (£73,304in 2020/21). The restricted funds are funds received for specific programmes and/or activities that have not yet been completed.

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As the charity is in its early years, and future income is not yet secured, the trustees agreed that general reserves should been held at a level that enables the charity to continue to provide services, without disruption, until fundraising and contract income can provide more regular income, and greater financial security. At the end of March 2022, the general reserves represented more than four months of anticipated unrestricted expenditure in 2022-23, so the trustees are confident that the charity will be able to continue, without disruption, and to grow.

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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BOXING FUTURES LTD

I report on the accounts of Boxing Futures Ltd for the year ended 31 March 2022 which are set out on pages 12-18.

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s 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.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• examine the accounts under section 145 of the 2011 Act

• to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act

• to 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 next 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 2011 Act and

• to prepare accounts which accord with the accounting records and 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

Anne Worlledge CA Wimbledon. London Date: 9 November 2022

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BOXING FUTURES LTD

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2022

Notes INCOMING RESOURCES Voluntary income 2 Investment income Incoming resources from charitable activities 3 Other RESOURCES EXPENDED Cost of generating voluntary income 4 Charitable activities 4 Net Income Transfers between Funds Net movement in funds Total funds brought forward Total funds carried forward	Unrestricted Funds Restricted Funds 2022 Total 2021 Total £ £ £ £ 162,142 - 162,142 165,391 17 - 17 66 46,860 89,326 136,186 139,211 189 - 189 52,812
	209,208 89,326 298,534 357,480
	52,563 - 52,563 50,966 115,256 112,652 267,908 177,350
	207819 112,652 320,471 228,316
	1,389 (21,326) (21,937) 129,164 (2,297) 2,297 - -
	(908) (21,029) (21,937) 129,164 143,278 73,306 216,584 87,420
	62,745 52,277 115,022 216,584

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 14-18 form part of these financial statements

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BOXING FUTURES LTD (a company limited by guarantee) BALANCE SHEET AS AT 31 MARCH 2022

Fixed Assets 7 Current Assets Debtors and pre-payments 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Total Assets Less Current Liabilities Creditors due after one year 9 NET ASSETS Funds Unrestricted Funds - General Designated Funds – Fixed Assets Restricted Funds TOTAL FUNDS	2022 £ 19,275 184,698 203,973 (48,096)	2022 £ 79,626 155,877 235,503 (40,856) 194,647 62,744 79,626 52,277 194,647	2021 £ 9,846 11,738 211,237
			222,975 (16,237)
			206,738
			216,584 - 216,584
			133,434 9,846 73,304
			216,584

The financial statements were approved by Trustees and signed on their behalf by:

Ailsa McWilliam (Chair of Trustees)

Date 9 November 2022

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BOXING FUTURES LTD NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

1.1 Basis of preparation of the financial statements

The financial statements have been prepared under the historic cost convention and in accordance with the Charities Statement of Recommended Practice (SORP), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Boxing Futures Ltd meets the definition of a public benefit entity under FRS102. Assets and liabilities are recognised at historical cost, or transaction value, unless otherwise stated in the relevant accounting policy notes.

1.2 Company Status

The charity is a company limited by guarantee. The members of the company are the Trustees on page 2. In the event of the company being wound up the liability in respect of the guarantee is limited to a maximum of £10 from each member.

1.3 Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the company. Restricted funds are funds subject to specific restriction imposed by the donors.

1.4 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity has entitlement to the funds, any performance conditions attached have been met, it is probable that the income will be received and the amount can be measured reliably.

1.5 Resources expended

Expenditure is accounted for on an accruals basis. Fundraising costs are those incurred in seeking voluntary contributions. Support costs are those costs incurred directly in support of the expenditure of the objects. Governance costs are those incurred in connection with administration and compliance with constitutional and statutory requirements.

1.6 Fixed Assets

Fixed Assets are stated at cost. Assets with a cost in excess of £1,000, intended to be of ongoing use to Boxing Futures in carrying out its activities, are capitalised as fixed assets. Depreciation is provided on all tangible fixed assets at rates calculated to spread each asset’s cost, less its estimated residual value at current market prices, evenly over its expected useful economic life. Leasehold improvements are estimated as 10 years, and gym equipment is estimated at 5 years.

1.7 Going Concern

The charity is still in its early years but the support from funders, referral agencies and partnerships enables the trustees to consider that the charity is financially viable.

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2. VOLUNTARY INCOME

2.	VOLUNTARY INCOME
		2022		2022		2022	2021
		£		£		£	£
		Unrestricted	Restricted			Total Total
	Donations from individuals	161,930		-	161,930 158,674
	Other	212		-		212 6,717
		162,142		-	162,142 165,391
3.	INCOMING RESOURCES FROM	CHARITABLE	ACTIVITIES
			2022		2022	2022	2021
			£		£	£	£
		Unrestricted		Restricted		Total	Total
	Movember Foundation		-	39,195		39,195	19,900
	The National Lottery		-		8,190	8,190	-
	Poplar HARCA		-		1,787	1,787	3,485
	Romsey Mill		-		1,717	1,717	-
	Co-op Foundation		-		-	-	34,241
	Sporting Capital		-	20,000		20,000	-
	Western Union		-	18,437		18,437	-
	Living Sport		-		-	-	1,125
	Peterborough Council for
	Voluntary Service	2,250			-	2,250	1,200
	Bridge the Gap		100		-	100	-
	Huntingdon District Council		725		-	725	-
	BBC Children in Need		-		-	-	9,529
	CriSeren		-		-	-	1,000
	Cambridge Community College		-		-	-	7,000
	City College Peterborough	4,913			-	4,913	6,770
	East London NHS Found Trust	9,824			-	9.824	14,671
	Sense		-		-	-	225
	Peterborough City Council	1,760			-	1,760	-
	BGL Group		-		-	-	13,171
	St James’s Place Charitable		-
	Foundation				-	-	9,128
	Stanground Academy	12,927			-	12,927	4,800
	Bromley by Bow Council		-		-	-	510
	HMP and Probation Service		-		-	-	10,000
	Focus Foundation	3,723			-	3,723	-
	Ramsey Neighbourhoods Trust	1,598			-	1,598	-
	Decentral Ltd	7,500			-	7,500	-
	The Spicer Method		50		-	50	-
	Sported Foundation		400		-	400	-
	Charities Trust		550		-	550	-
		46,860		89,326		136,186	139,211

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4. RESOURCES EXPENDED

RESOURCES EXPENDED
Costs of generating voluntary income Expenditure on charitable activities Boxercise programmes Research and Evaluation	Direct Costs Support Costs Total Total Staff £ Other £ Staff £ Other £ 2022 £ 2021 £ 37,321 6,228 8,074 939 52,563 50,966 143,277 81,361 30,998 12,723 267,908 177,283 - - - - - 67
	180,598 167,214 39,072 13,212 320,471 228,316

Staff costs have been allocated in accordance with the amount of time spent on each activity

5. NET INCOMING RESOURCES IS STATED AFTER CHARGING

Depreciation Independent examiners fee TAFF COSTS Salaries and Wages Social Security costs Consultancy fees Coaching staff	2022 2021 - 9,847 Nil Nil 2022 £ 2021 £ 196,096 137,167 23,574 16,047 5,427 8,457 12,069 7,065
	237,166 168,736

6. STAFF COSTS

During the year the Charity employed seven people (6.42 FTE), the Chief Executive (full time), the Head of Operations (full time), the Head of Resources (full time from August), the Head Coach (part-time to August and full time from September), the Fundraising Manager (full time), the Sports and Programme Development Lead (full time) and an Administrator (part-time). These employees received £219,670 in employee benefits in the year (£153,214, 2021). All staff are automatically enrolled into the Government NEST pension scheme after completing 3 months service. No employee received employee benefits of more than £60,000.

The trustees were not paid, or received any benefits from the charity (2021, NIL), trustees received expenses of £NIL during the year (2021, £138).

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7. FIXED ASSETS 2022 £ Leasehold Improvements Net Book Value b/f - Additions 57,605 Depreciation - Net Book Value c/f 57,605 8. DEBTORS AND PREPAYMENTS Debtors Prepayments 9. CREDITORS Trade Creditors HMRC Sporting Capital loan due within one year Sporting Capital loan due after one year	2022 £ Leasehold Improvements - 57,605 -		2022 £ 2022 £ 2022 £ 2021 £ Gym Equipment Vehicles Total - 9,846 9,846 19,693 22,021 - 79,626 - (9,846) (9,846) (9,847)
	57,605		22,021 - 79,626 9,846
			2022 £ 2021 £ 17,730 11,016 1,546 722 19,276 11,738 2022 £ 2021 £ 32,764 12,692 6,188 3,545 9,144 - 48,096 16,237 40,856 -

¶

In December 2021 Boxing Futures entered into a loan arrangement for £50,000 with Sporting Capital to support the costs of opening a boxing and educational facility in Yaxley, Peterborough. This is repayable in monthly installments for 54 months. Interest is charged at 8% per annum.

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10. STATEMENT OF FUNDS

Restricted Funds Movember Foundation The National Lottery Peter Stebbings CCF Living Sport Poplar HARCA Co-Op Ramsey Neighbourhoods Trust BBC CIN Postcode Lottery BGL Group St James Place Romsey Mill Sporting Capital Western Union Vivacity General Funds

Bal at 1/4/21 £ Income £ Expenditure £ Transfers £ Bal at 31/3/22 £ 835 39,195 (38,177) - 1,853 - 8,190 (70) - 8,120 2,995 - (2,184) - 811 7,000 - (9,747) 2,747 - 1,748 - (668) (80) 1,000 - 1,787 (1,787) - - 18,826 - (18,841) 15 - 226 - - (226) - 10,506 - (9,102) - 1,404 14,621 - (13,971) - 650 5,163 - (5,170) 7 - 9,003 - (8,835) (168) - - 1,717 (1,719) 2 - - 20,000 - - 20,000 - 18,437 - 18,437 2,381 - (2,381) - - 143,280 209,209 (207,822) (2,297) 142,370

216,584 298,535 (320,474) - 194,645

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at 31 March 2021 are: Net current assets Fixed Assets	Unrestricted Restricted Total 2022 Total 2021 £ £ £ £ 62,744 52,277 115,021 206,738 79,626 - 79,626 9,846
	142,370 52,777 194,647 216,584

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