Charity number. 116671x1 THE SUTTON PENDLE CHARrrABLE TrUST UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE surroN PENDLE CHARrrABLE TAUST coptrENTS Page Reference and admini8trative details of th• Ch*, ils Trustws and advisers Tru81ee8' report Truste•s' r•sponsibiliti•s slalefflent Independont examlnofs report Statement ol flnan¢lal adlvltks Balance sheel Notes to the finan¢ial smements 8-16
THE SUTTON PENDLE CHARrrABLE TRUST REFERENCE AND ADUINISTRATIVE DETAILS OF THE CHARtrY. S TRLISTEES AND ADVISEFIS FOR THE YEAR ENDED 31 DECEMBER 2023 TN8te RHJSuttc J R Sullon Charity registered number 11667fy) Principal oifice The Red Lan& Colne Lancashi BB8 7JR Independent examiner Susan Seaman. BA. FCA. CIOT Sagars Accountsnts Ltd Gresham House 5-7 St Pauls Street Leeds LS1 2JG Page 1
THE surroN PENDLE CHARITABLE TRusr TRLISTEES. AEPORT FOR THE YEAR ENDED 31 DECEUBER 2023 The Trustees present their annual report together tAilh the financial stalema)ts of the The Sutton PetKlle Charitable Trusl for the 1 January 2023 to 31 Dw)ber 2023. Obje¢tive8 and 0¢tlvltl¢s The Charity has general ¢harilable objects ar the Truslees may appty th8 Iorne and $lh parts ol the ¢apital as they think fil lowards ihes9 Qbjecls. The Truslees wlill focus on making grants lo organisaiions and poople with the intenlion of Iransforming pecwe's lives. lo hdp dmdUaIS out ol.the social SUPFQrt syslem and lo benelit worthwhile causes in an efficient manrw. The Trustees will make grants for charitable purp)ses based need aThJ merit a• in particular, will take th8 lollowing into account: -The advancement of education arKI devebtnent of indiYithA capatrmlities. competences. skills a1 understanding., -Th8 advancement of citizenship or communty devekynent: -Th8 a(fvancefflent of sport" - Th8 relief ol thosè in n08d by reason of sDuth. ag8, ill h8ath. disabilty, linancial hardship or other disadvantag8" and - Other purposes curr8nlty r8cognis8d as charitable. Grants may b8 made to organisations that twerale lor Ihe benefit of Ihe underprivil8ged. Grants may also b8 made lo individuals. Grants will only be made lor SpeCrf proiecls if sufficient evIder9 has been provided that the proposed projecls have charitable purposes that meel objeclives of Trust. Th& projects should ain lo benefit as many underpriwleged people as FM)ssible. The Trustees will need details of a specrfK purpose for the requested grants, supported by estimates or quotatv)ns tre possible. How to J4ply Any indiwdual or organisalion interested in apFty"ng to the Tntst for furmling. shouhj write a18tter lo: The Cliff, Red Lane, Colne, Lancashire BB8 7JR The letter should include full detsils of the pro1t Vuuld like the Truste8S to support. including the full name and address ol the organisalKffi or individual conc8m8d, detai& of how much funding is required. an outline of what th8 grant is needed for Isupport8d with cost estimates or quotations if appropriate}. details ot how many P80ple ar8 likety to b8nelit from the grant and confirmation to whether or rKIt funding has been secured from other organisalion5 lif so. how much has already b8en given and from who). Th8 Trust88S WTII acknorfedg8 rec8Pt of th8 letter ar confirm when il ill b8 consid8r8d. Any further information required, will be requ8Stl. Applicants will b8 inlormed eilher by em1 or letter as lo whether lIr application has be8n s¢SSIU1. Charilabl• activities The Charty does rnt activety seek to raise fuThJs. HaThJ been t(MJnded on the basis of an initial donation from the Trustees, our future strategy is to cperate prpaI from iome derNed from retained invested funds, with zero operatb)nal ovetheads. The Charity continues lo work clo* with BUrnY FC in the Communty. and we have sponsored a health programme that promotes the imF)Ortance ol adryting heahhy lrfestye options arKI operates fitness programmes across all age groups and we fulty sponsored a community mentoring programme which provides a strong locus on leadership skils and rw$ing the asixralions of young peOe. In setting objeclives and tJanning for aclNities, the Trustees tkive grven due Considerat to general guidance published by the Charity commiss relatiro lo public benelit. includirrtj the guKlance 'PUbl benefit: runriThJ a chaiity IP821'. Page 2
THE SUTTON PENDLE CHARITA8LE TRUST TAUSTEES. REPORT (coiinNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Stru¢ture, Govemance and Manayment The Charty is Controlled by its g)veming thxument. a d1 of trust. and cortstilutes an unincorporated charily. The Trustees are appointed lo elu Ihat the relevant $kilb and experEnce a in place to execute the Charities aims and obje¢lNes. They are ultimatdy respoNible lor the poli¢ies. activities and assets ol the charity a1 they meet monthly to review developmenls of the activities make any important decisions. When necessary, the Trustees seek advice and suppy)rt from the chari¥s FKofessional advisers ineluding propety cortsutsnls. investment managers, so1¢0 and accounlants. The day lo day management ol the charitys activities, aThJ the inwlemenlation of Fles. ¢s delegated lo the appropriate members ol the Trust. Thè charity currently operates with zero overheads. IVS onty costs are tt¥)se incurred for extemal linanual. legal and propety services. Risk management The trustees have a duty to identify arwj ¥trY tt rtsks to Ihe dNqiity is exposed and to ensure appropriate ¢ontrols a in place to provide reaslx)ab assurance against fraud and error. The trust9es have examined the operati(ywl and IsIneSS risks which the dHrity fa¢es ¢onfimi that they have established syslems lo mitigate Ihe signrfarf risks. Fknanclal review F18sults for the pericrfj During 2023 lolal incomng resources amounled lo £57,309 (2022: £56.721). Resources expended to generate income aThl to enable tt)e obieclives ol the clwity lo be totalled £65,513 121Y22: £92.507). Nel expenditure forthe peric*J. Iherefore. VAS £8204 (2(r22: net expeThliture V3S,786). Reserves Pol The charity trK)Ids unreslri¢ted erVeS at the year end of £2.543.470. whrh are held to fund the development ol the charily. oved by order of the Membe of the board of Tnkstges and signed on their behalt ty. RHJSutton Date.. 16 October 2(Y24 Page 3
THE sirrroN PENDLE CHARrrABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 DECEM8ER 20ZJ The Trustees are responsible for preparing ihe Trustees, report and the financial statements in accordance with applKable law and United Kingdom ANing Siandar(Is {Uniled 'rdorn Generalty Accepted Accounting Praclicel. The law applicable lo chafities in England & Wales wuires the Trustees to prepare financial statements lor each financial year which grve a true and fair view of the slate of affairs of the Charity and ol its incoming resources and applicati of resources. picludmig its i1e and expeNliture. for that peri¢xl. In preparing these financial stslements. the Trustees are required to: seled suitable accounting poli¢ies aThJ then appty them ¢onsislenily, observe the meihods and prIlpleS of the Charities SORP IFRS 102),. make judgements and a¢mnting estimates that a reasonable and prudent. slate whether aPplbIg UK Accounting StaThJards {FRS 1021 have been Idlowgd. subj1 to any material dèpartures disclosgd and explained in the financial statements., prepar8 the IancIal statements on the 9Jing concem basis un*s il is inappropriate io presum8 that th8 Charity will continué in business. The Trustees are responsible for keeping adequate accounlir¥J records that are suflicienl lo show and explain the Charitys Iransaclions and disclose with reasonable accuracy al any lime the financial posilion of the Charity aThY enable Ihem lo ensvre that the linancial statements compty with the Charities Act 2011, the Charity (Accounts and Fle[s) Regulations 2008 and the provisM)ns ol the Trust deed. They are also responsible for safeguarding the assets of the Charity aThJ he for taking reasonab steps lor the prevention and delectw)n ol fraud and other irregularities. oved by order of the members of the bo8 of Tntstees arKI signed on its behalf by. RHJSutton Date: 16 October 2024 Page 4
THE surroN PEI4DLE CHARrrABLE TRLisr INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEPABER 2023 Independent Examlnees R•port to the Tnte•S of Th• Sutton Pendlo Chv4rilabl• Trust ('th• Charity.) I r6POrt lo the charityTnJstees on my examinatM)n of the accounts ol the Charity for the year eThJed 31 December 2023. Re8ponslbililie8 and Basis of R•wt As the Tnjstees ol the Charity you are responstile forlhe preparalion of the accounts in accordance wth ihe requirements ol the Charities Act 2011 Ilhe 2011 Acf). I report in respect of my examirolijn of the Charitls accounts caffled oul under section 145 of the 2011 Act and in carrying oul my examnalion I have followed the aptthcable Directh)ns gwen ty the Charity Cornrnission under sectb)n 14515)Ibl of the 2011 Act. Independent ExamThir's Slat•menl Your attention is drawn to the fact that the Charity has prepar&Y the accounts in accorda wilh Accounting and Reporting by Charities: Statement of Recommended Practice appItab lo charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable th the UK arnfj Republic of Ireland {FRS 1021 in prelerence lo the A¢¢ounting and Reporting by Charilw.. Statement of Rem[nended Practice issued on 1 Aprfl 2005 whh is referred to in the extant reguL4tKK Ixrt has been ¥thdraWn. l understsnd that this has been done in order for Ihe accounts lo provide a true and fair view in accordarKe with the Generally Accepted Accountuig Praclice ellective for rewrting periods beginning on or after 1 January 2015. I havé completed my examinalv)n. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe ttt in any rnateri resFEd". aOUnting record5 We rK)t kept in pOct ol the Charity as required by section 130 of tha 2011 Act.. or the accounts th) not accord with Ihose records. or the accounts th) not PIY wilh the appff¢ab requirements conceming the form and content ol accounts set out in the Charilies (Accounts arKI Rewrtsl Regulat5 2008 othgr than any requirement that th& accounts give a Irue and fairf view vhKh not a matter considered as part of an irvjopendenl 8xamination. I have no concems and have come across no other matters in Connection wilh the examination to which attention should be drawn in this report in or(ler lo enable a proper erstandIng ol the accounts lo be reaehed. This report is made solely lo Ihe Charivs Truslees. as a body, in accordance wrth Part 4 01 the Chadlies {Accounts and Reports) Regulations 2C(J8. My woth has been urKlertaken so Ihal I might slate lo the CharW$ Trustees those matters l am requiied lo slate lo them in an IndepeIent examinerfs report and lor no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Chartty and the Chaiivs Trustees as a body, lor my woth or lor this reiy)rt. Signed: Dated: 16 Octob8r SY24 Susan Seaman BA FCA CIOT Sagars Accountants Ltd Gresharn House 5.7 St Pauls Street Leeds LSI 2JG Pag8 5
TrIE SUTTON PENDLE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 DECEMBER 2023 UreStrted funds 2023 Total lunds 2023 Total funds 2022 In¢ome from: Charitsble activities Investments 57.3)8 57,308 56,720 Total Incon 57,309 57,309 56,721 Expendilure on: Charilable acti¥iti8s 65.513 65.513 92.507 Total expendi 65.513 65,513 92,507 Net movement in funds 18,2041 (8,2041 135.7861 Reconclll¥tlon ol furKIs: Total funds brought loTh¥ard Nei movement in funds 2.5S1.674 18,2041 2,551.674 {8.204} 2,587,460 135,7861 Total funds carrled forward 2.543.470 2,543.470 2,551,674 Th9 Slalement of Financial Ac11195 irlUdeS all gains and h)5ses r¢¢ognised in the year. The rte$ on pages 8 to 16 form part of Ihese finarla1 slalernents. Page 6
THE SUThON PENDLE CHARITABLE TAusr BALANCE SHEET AS AT 31 DÉceMBeR 2023 2023 2022 Note Flxed assets Tangible assets 11 1,756.924 1,756,924 1.756.924 1,756,924 Currnnt ax8et8 Debtors 12 3,681 786.465 3,681 850,194 Cash at bank and in hand 7.146 853.875 Creditois: amoun1$ falling due within one year 13 13.6(Ml) {59,1251 Net currenl assets 786,546 794,750 Total assets IKS Current liabiliti•s 2,543,470 2,551,674 Charfty fun¢ts Reslricted funds Unreslricted lurKJs 2,543.470 2.551,674 Totsl fLmd8 2.543.470 2,551,674 The financial statements were approv&J a1 aulhortsed lor issue by the Trustees and signed on their behalf by: RHJSutton Date.. 16 October 2024 The notes on pages 8 to 16 form part of Ihese finla1 slalements. Page 7
THE SUTTON PENDLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 G•rwral information The charity is a public benefrt entity and a regrslered charrty in England and Wales and is unincorporated. The address of the principal office is The Cliff. Red Lane. Colne. Lancashire, BB8 7JR, Uniled Kingdom. Accounting polici•• 2.1 Bas18 01 preparalkln of financlal sl•t•m The financial ststements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charitie5.' Statement of Recommended Practice aFylicable to charities preparing their accounts in accordarKe the FanCl Reporting SLwdard applicable in the UK and RepubEK ol IrelarKI {FRS 102} {effective 1 January 2019), the Financial Reporting Standard applicable in lh8 UK arKI Republ ol IrekrKI IFRS 1021 and the charitS Act 2011. The accounts have been prepared to a twe and fair view and have departed from the Charities IAccounls and Reports) Flegtslalio 2(KJ8 only to the extent required lo provKle a true and lair view. This departure has involved following Charilies SORP IFRS 1021 ralher than the Accounting and Reporting by Charittes: Statement ol Flecommended Prnctice effective from 1 April 2005 which has since been witmrawn. The company applied their entitlement to exemplh)n from audit in the year ended 31 st December 22 Golng conc•m The trustees. hawng made the arKI careful ewuiry. a of ihe opinion that the charity has adequate working capital to execute its operatw)n$ over nexl 12 months. The trustees, therefore, have made an informed IgeMent. at the lime of approviro Ihe financAI slaternenls, that there is a rea${able expectation that the donty has adequate resources to continue in operational existence for the foreseeable fulurn. As a resurt, the Iruslees have continued lo adw the coeM basis ol accounting in prepariThJ the annual financ1 slatemenls 2.3 JudgeMts and key sources of estimation uncertainty In the applution of the charitys accounting pckns, the trustees are required lo make eslimales aNJ judgements. The estimates are based on historical experiences atNI other relevant factors. Actual resums may dilfer from these estimates. The estimates are continually evaluated. ReM$ions lo accounting eslimales are recognised in the period in which the estimate is revised. The estimates and assumptK>ns whth have a signrficanl risk of Causing a matenal adjustment lo the carrying amount ol asseis aNJ liabililies are olIned below'.- Eslimaiing the uselul eco1¢ lile of an asset arKI the antipated reSjUa1 value in calculalirMJ an appropriate depreckqlion charge. Deteffnining vthelher there are any indicalors ol impairment ol the trust's prcpety. plant and equipment. Page 8
THE SUTTON PENDLE CHARrrA8LE TRusr NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 DECEMBER 21r23 Accounting policies (continu) 2.4 Incom• resourc All Iorne is iluded in the statement ol fInala1 activities when enlitlemenl has passed to the charity. it is probable that the eCOrm benefits associated Ylith the transaction will flow to the chaity and the amount can be re1lAY measured. The folkwng Specif policies are applied to particular categori85 of incom8: - ir8 from [k)nalK or grants is regrSed when th8re is 8vIder8 018ntit18menl to the gift, rec8lPt is probab18 and rts arnount can be m&asu1 reliabty. - income from contracts for Ihe SUF¢ty of seryw is recognised with the d81rvery of the contracted seNce. This is classified as unrestricted fUS unless there is a conlraclual requir8m8nl lor it lo be spent on a particular wrp)se and returned il urwenl, in which case it may be regarded as r8Strict8d. income Irom the sale ol goods is recogni8ed wl)en the signilicanl risks arn1 rewards of ownership have transferred to the buyer lusuaty on despatch of the goc#Ysl; the arrv)unl ol income can be measured lIabl. it is probable that the assockgled economic benefits will flow to Ihe entity; and the costs incurred or to be incurred in respect ol the trartsactTrons can be measured reliabty. 2.S RewJr¢o9 expend Expenditure 1$ recogni$ M an a¢¢wab baso as a liabilty is incurred. Expenditure includes any VAT wthich ¢annol be lully re¢overed. and is ¢lassrfied under hèadings of th8 Statement of financwl a¢tMlies to which rt relates= - eXpeIlture on charlble activitts wKlvdes all costs irturred by a tharity in urMrtaking activitiès thal further lis charilable aims lor the benelil of ils beneficiafies, ClUdIj those support costs and costs relating to Ihe govemarKe of the charty app)rtioned to charitabl8 activrties. - other expenditure inclLth all ex[KIllule that is neiiher ried to rwsing funds lor the charity nor part of ils expenditure on charite actNilies. All costs are allocated lo expltUre calewries reflecting the use of the resource. Direct costs attIutaLe to a single acliwty are alk)cated directly lo that actNity. Shared costs are apportioned between the aclNities they contriLxrte to on a reasonatrAe, juslifiabk and consistent basis. 2.6 Interesl recelvablo Inleresl on funds hehy on deposit B in¢luded 7•then re¢eNable and the amunt can be measured liably by the Charity.. this is nomwlty upon notifi¢alDn ol the interest paid or payable by the in$litulion wilh whom the funds ao depxiied. 2.7 Tangible fixed assots and deWlatIon Tangble fixed assets are initialty recognised al cost. After recognition, under the Cost model. tangible fixed assets are measured at cost less accumulated depTecialion and any accumulated impairment losses. cosls incurred lo bring a laThJible fixed asset into its inteThJed workiro condition should be irlUded in the measurement of cost. Depreciation is charged so as to allocate the cost of tangit)le fixed assets less their residual value over their estimated uselul lives. using the slraight-line methcJ. No depreciation is provKled on leasehold property as the trustees believe the SIdUal value is comparable to wsl ol the assets. Page 9
THE SLITTON PENDLE CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Acmunling poli¢i•s (¢ontinu¢dl 18 Flnan¢lal Instrum•nts The Charty Y has financial assets and financial liaix'lities of a kirKI ihal qualify as basK linancial instruments. Basic financial instnjments are initialty recognised al transaction value and subsequently measured at their settlement value with the exception ol bank h)ans which are subsequently m8asur8d al arrM)rtised cost using the ellective interesl method. 2.9 Fund accounlwvJ Unrestricted funds are availab for use at lh8 discr8tion of th8 trustees to further any of the chariws purposes. Designated lunds are unr8slrKled furKts earMaed by th8 tnJst88s for partthlar future project or c(Knmilmenl. Restricted fuThts are subJ"ected to restr1 on Iheir expenditure dlar8d by the donor or through the tem)s of an appeal. aThJ lall into one of sUblaSses. restricted incom8 fuTrJs or endowment funds. Charhablo actlvllles UnreStrted funds 2023 Total funds 2023 Leisure Box 57.308 57.308 Unr8strict8d lurKIs 2022 Total funds 2022 Leisure Box 56,720 56,720 knvegtment income Unrestrict funds 2023 Total funds 2023 Bank inlerest receivable Page 10
THE surroN PENDLE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAFI ENDED 31 DECEU8EA 2023 Inveslmonl income {conlinued} unreStrted funds 2022 Total fund$ 2022 Bank interest recewable Analysis of grnnts Grants to Institutions 2023 Total funds 2023 Grants lo StItutIOnS 26,200 26,200 Grants to Institutions 2¢Y22 Total funds 2022 Grants to inslitutior 52,400 AnAIy8i8 of expenditure on charitsble activillos SUMM by fund type Unrestricted funds 2023 Total 2023 Leisure Box Support Costs 55,010 10,503 55.010 10,503 65,513 65,513 Page11
THE SUTTON PENDLE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expendllurn on ¢haritabl• activlties (contlnued) Summary by fvnd type (contlnued) Unrestrict luThts 2022 Total 2022 Leisure Box SuFWrt Costs 88,768 3,739 88,768 3.739 92,507 92,507 Analysis ol expenditure by a¢tivities ActNibes unclertaken diredy Grant funding of activities 2023 Support costs 2023 Total funds 2023 Leisure Box Support Costs 28.810 55,010 10,503 10,503 28,810 10,503 65,513 Grant funding of urKlertaken direcfy Support costs 2022 Total funds 2022 2022 L8isure Box Support Costs 88,768 3,739 3.739 36.368 52,4CK) 3.739 92,507 Pag8 12
THE SUTTON PENDLE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21YIJ Analysis of expenditure by activities (conlinuod) Analy8ls of support costs Support Costs 2023 Total funds 2023 Agency Fees Legal and Professional Fees Other Interesi Payable Forex and Other Expendilure 5,553 3,668 5,553 3,668 109 1.173 1,173 10.503 10.503 Support Costs 22 Total funds 2022 Legal and Professional Fe8S Other Interest Pardble 3,630 109 3,739 Indopendent •xamThr's remUneI0n 2023 2022 Fees payable to the Charity$ 1ndepeThJI examiner for the indepermlent examination of the ChariV$ annual accounts 3.2LX) Page13
THE siirroN PENDLE CHARITABLE TRUST NOTES TO THE NNANCIAL STATEIAENTS FOR THE YÉAR ENDED 31 DECEMBER 2tr23 Siaft costs The average head wnt ol emphjyees during the year vras Nl (2022: Nil). No employTe rtteiv8d romun8ratK)n arnountiry to more than in e•ther year. 10. Trustees, remuneralion and expen8e8 During the year. m Trustees recaiv•d any Temunerdtion or oth8r b8nelits12022 - £NILI. During year 8rhJed 31 D8cember 223, no Twst88 exponses hav8 bèsn incurred12022 . £NIL). 11. T•nglbl• lix•d ws•ts Long-lemi leasehold property At 1 January 20f3 1.756.924 At 31 December 2023 1,756.924 Net book v•lu• Al 31 December 2023 1,756,924 Al 31 December 2022 1.756.924 No depreciation is provKled on leasehokl property as the trustees believe the residual value is comparable lo the ¢osl of the assets. 12. Debtors 2023 2022 Due wlthin one ye•r Prepayments and accnjed income Other debiors 3,1X6 615 3,066 615 3,681 3.681 Page 14
THE SUThON PENDLE CHARrrABLE TRusr NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 DECEMBER 2023 13. Credltorn: Amounts lalllng due wlthin one year 2023 2022 Trad8 creditors (Xher CrlI0r$ 400 3.200 55.925 3.2CXJ 3,600 59,125 14. Summary of funds Summary of lunds- Current yOAr Balance at 31 December 2023 Balae at 1 January 2023 Ie Expendilure Gen8ral lunds 2.551.674 57.879 166.0831 2,543,470 Summary of fund8- prior ar Balanc8 al 31 December 2022 BalarKe al 1 January 2(r22 Iorne ExpetKJrture General funds 2.587.460 56.721 (92.507) 2.551.674 15. Analysis of net auets between lunds Analysis ol net assets belw•en funds. currènt year Unrestrict funds 2023 Total tunds 2023 Tang*Ae fixed assets Current assets Creditors due wihin one year 1,756.924 790.146 {3.6001 1,756.924 790.146 13,600) Totsl 2,543,470 2,543,470 Page 15
THE SUTTON PENDLE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2ff23 15. Analysis of nel assets l)¢lween lund8 {¢ontiThJed) Analysis of nel assets b•lwe•n lunds. priw Unr8slricted funds Total funds 2022 Tangibl8 tixed ass8ls Current assets Creditors du8 Wthin onè sear 1,756,924 853.875 {59,125) 1,756,924 853,875 159.1251 Total 2.551.674 2,551,674 16. Relattd party transactio Administrat work is caled (Art free of charge by one of Ihe empkiyEes of the company own8d ty one ol the Trustees. Page 16