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2023-04-05-accounts

Charity registration number 1166844

SILVERDALE GOSPEL HALL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

SILVERDALE GOSPEL HALL TRUST

CONTENTS

Page
Legal and administrative information 1
Trustees' report 2 - 5
Statement of trustees' responsibilities 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 16

SILVERDALE GOSPEL HALL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr O M Whiley - Chair
Mr T F Devenish
Mr J Harrison
Mr C L James
Mr E Eagle
Charity number 1166844
Principal address 2 Hatlex Hill
Hest Bank
Lancaster
Lancashire
LA2 6ET
Independent examiner Champion Allwoods Limited
2nd Floor Refuge House
33-37 Watergate Row
Chester
CH1 2LE
Bankers National Westminster Bank PLC
113 Dalton Road
Barrow-in-Furness
LA14 1WY
Trustees holding title to assets Mr O M Whiley
held within the Trust Mr T F Devenish
MR C L James
Mr J Harrison
Mr E Eagle

SILVERDALE GOSPEL HALL TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2023

The trustees present their report and financial statements for the year ended 5 April 2023.

Silverdale Gospel Hall Trust is constituted by a Deed of Trust dated 15 March 2005, amended by Deed of Variation dated 18 August 2014. The Trust was registered with the Charity Commission for England and Wales on 29 April 2016 under Charity registration number: 1166844. The registered office is 2 Hatlex Hill, Hest Bank, Lancaster, LA2 6ET.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011 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 2019)".

Objectives and activities

The Trust has the following charitable purposes:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

Details of the public benefit activities undertaken by the trust are included in the annex to these financial statements.

Main Activities

The Trust provides and maintains one gospel hall for the religious activities of Christians often referred to as 'Brethren'. Details of the origins, teachings and way of life of the Brethren can be found on their website www.plymouthbrethrenchristianchurch.org.

Meetings held at these gospel halls include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. Depending on the particular meeting, between 40 and 340 people normally attend these occasions. There is a structured weekly schedule of meetings held in one or more of the gospel halls.

The trustees have established an Emergency Needs fund, included as Designated funds, for the duration of the current pandemic and any resultant economic downturn. This is providing limited financial assistance by the way of grocery vouchers to households, who have experienced a recent and significant decrease in income due to the pandemic, such that it is likely to impact on the health and/or welfare of members of the household. The trust has appointed a Local Welfare Panel to manage the application process and to administer the vouchers to qualifying applicants.

SILVERDALE GOSPEL HALL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Spreading the Gospel Message

The Gospel Hall is a base from which a large number of preachers operate to spread the Christian gospel, in word and deed. Gospel tracts are provided free of charge by the Trust to such preachers. Many of them also preach the Christian gospel on the streets of Lancaster most weeks of the year.

In addition to street preaching, the trust also distributes gospel tracts and bibles together with a programme of providing regular packs of nutritious food and gospel literature to homeless and needy persons through local charities or homeless societies.

Members of the congregation supported the outreach work of a separate charity, the Rapid Relief team, by providing volunteers to help with the distribution of food boxes.

Visitors

The services and meetings are attended by the regular congregation and many of the services are open to other visitors who are properly disposed. The notice board outside the Hall welcomes visitors and displays times of Gospel Preachings along with a telephone number for those seeking further information or help. Gospel Tracts, which are distributed daily, also display this information.

Bibles and an extensive range of other Christian reading material is on display at the Hall, to which visitors are free to help themselves.

The life of a Christian

The following points are an extract from Schedule 1 of the Trust Deed. They outline the way of life of the Brethren as supported by the Holy Scriptures and how it contributes to public benefit;

Volunteers

Silverdale Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

SILVERDALE GOSPEL HALL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Financial review

In the year ended 5 April 2023, the Trust had a surplus of £85,293 (2022 - £79,599 ) incoming resources over resources expended. Total voluntary income received this year was £219,480 (2022 - £118,564). All funds held were unrestricted funds.

Gifts totalling £19,486 were made during this year (2022: £12,826).

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments. The Trustees would accept a reserve policy at the end of the 2022/23 period of £10,000 to be adequate. This is reviewed at the end of each financial period. At the year end, the Trust has £48,846 (2022: £Nil) free reserves and as such, the reserves policy is being met. The Trustees aim to ensure that the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal from the congregation. The congregation is kept regularly informed as to particular needs for funds, and other relevant matters.

Funding

Funding is sought through gifts and donations from the congregation. Grants are sometimes received from other charitable trusts with congruent objectives. Gift aid is also claimed on relevant gifts.

Risk management

The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The Trust plans to continue all the current activities.

Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern.

Structure, governance and management

Governing document

The charity is controlled by a deed of trust and constitutes an unincorporated charity.

The Silverdale Gospel Hall Trust is constituted by a Deed of Trust dated 15 March 2005, amended by Deed of Variation dated 18 August 2014. The Trust was registered with the Charity Commission for England and Wales on 29 April 2016 under Charity Registration Number: 1166844

SILVERDALE GOSPEL HALL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Recruitment and appointment of new trustees

Trustees are selected according to their experience in specialised fields and are expected to use that experience in furthering the objects of the Trust. Checks are made to ensure that there are no legal or other barriers to their appointment. New Trustees are nominated by the existing trustees and appointed by unanimous resolution of the Congregation. Incoming Trustees are made fully aware of their responsibilities by the existing Trustees who ensure that new Trustees read the Trust Deed and the relevant guidance for trustees published by the Charity Commission.

None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2023 (2022: £nil).

The trustees who served during the year and up to the date of signature of the financial statements were: Mr O M Whiley - Chair

Mr T F Devenish

Mr J Harrison Mr C L James Mr E Eagle

Organisational structure

All major decisions, including those of a financial nature are made by the Board of Trustees at their regular meetings, which are held at monthly intervals. More minor decisions may be made by individual Trustees in their particular field of responsibility.

Mr T Devenish is the Treasurer for the Trust.

Wider network

The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity.

The charity also maintains particular links with Cross Hill Gospel Hall Trust to whom it provides support and shares members of its congregation.

The trustees' report was approved by the Board of Trustees.

..............................

Mr T F Devenish Trustee 7 November 2023 Dated: .........................

SILVERDALE GOSPEL HALL TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2023

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources of the trust for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. All transactions have been reviewed and approved by two trustees.

..............................

Mr T F Devenish Trustee 7 November 2023 Dated: .........................

SILVERDALE GOSPEL HALL TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SILVERDALE GOSPEL HALL TRUST

I report to the trustees on my examination of the financial statements of Silverdale Gospel Hall Trust (trust) for the year ended 5 April 2023.

Responsibilities and basis of report

As the trustees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Champion Allwoods Limited

2nd Floor Refuge House 33-37 Watergate Row Chester CH1 2LE

Dated: .........................7 November 2023

SILVERDALE GOSPEL HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2023

Unrestricted Unrestricted
funds
funds
general
designated
2023
2023
Notes
£
£
Income and endowments from:
Donations and
legacies
3
219,480
-
Other income
4
-
-
Total income
219,480
-
Expenditure on:
Charitable
activities
5
127,583
6,604
Net income for the year/
Net movement in funds
91,897
(6,604)
Fund balances at 6 April
2022
4,015,525
6,604
Fund balances at 5 April
2023
4,107,422
-		 Total
Unrestricted Unrestricted
funds
funds
general
designated
2023
2022
2022
£
£
£
219,480
118,564
-
-
75,350
-
219,480
193,914
-
134,187
114,090
225
85,293
79,824
(225)
4,022,129
3,935,701
6,829
4,107,422
4,015,525
6,604		 Total
2022
£
118,564
75,350
Donations and
legacies
3
Other income
4
Total income
Expenditure on:
Charitable
activities
5
Net income for the year/
Net movement in funds
Fund balances at 6 April
2022
Fund balances at 5 April
2023
193,914
114,315
79,599
3,942,530
4,022,129

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

All income and expenditure derive from continuing activities.

The notes on pages 10-16 form part of these financial statements.

SILVERDALE GOSPEL HALL TRUST

BALANCE SHEET

AS AT 5 APRIL 2023

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets/(liabilities)
Total assets less current liabilities
Income funds
Unrestricted funds
Designated funds
General unrestricted funds		 2023
£
£
4,058,576
2,636
50,269
52,905
(4,059)
48,846
4,107,422
-
4,107,422
4,107,422
4,107,422		 2022
£
£
4,124,567
4,147
146,629
150,776
(253,214)
(102,438)
4,022,129
6,604
4,015,525
4,022,129
4,022,129

The notes on pages 10-16 form part of these financial statements.

The financial statements were approved by the Trustees on .........................7 November 2023

.............................. Mr T F Devenish Trustee

SILVERDALE GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

1 Accounting policies

Charity information

The charity is controlled by a deed of trust and constitutes an un-incorporated charity.

Silverdale Gospel Hall Trust is constituted by a Deed of Trust dated 15 March 2005, amended by Deed of Variation dated 18 August 2014. The Trust was registered with the Charity Commission for England and Wales on 29 April 2016 under Charity registration number: 1166844. The registered office is 2 Hatlex Hill, Hest Bank, Lancaster, LA2 6ET.

1.1 Accounting convention

The financial statements have been prepared in accordance with the trust's governing document, the Charities Act 2011 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 2019)". The trust is a Public Benefit Entity as defined by FRS 102.

The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

SILVERDALE GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

1 Accounting policies

(Continued)

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Silverdale Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

1.5 Expenditure

Expenditure is included on an accrual basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the trust to pay out resources.

Charitable activities comprise those costs directly attributable to the fulfilment of the charitable objects.

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the trust and costs related to statutory requirements. Governance and support costs are all attributable to meeting rooms.

1.6 Tangible fixed assets

Tangible fixed assets (over £1,500) are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings 2% straight line Fixtures and fittings 10% straight line

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SILVERDALE GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the trust’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
general general
2023 2022
£ £
Donations and gifts 210,680 107,215
Payroll giving 8,052 9,649
Income tax refunds 748 1,700
219,480 118,564

SILVERDALE GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

(Continued)

3
Donations and legacies
Donations and gifts
Gift Aid donations
Non Gift Aid donations		 (Co
2,990
207,690
210,680		 ntinued)
6,795
100,420
107,215

4 Other income

Net gain on disposal of tangible fixed assets
Charitable activities
Depreciation and impairment
Utilities
Repairs and maintenance
Telephone
Insurance
COVID-19 Test Kits
Other donations and gifts
Donated services to Cross Hill Gospel Hall Trust
Share of support costs (see note 6)
Share of governance costs (see note 6)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated		 Total Unrestricted
funds
general
2023
2022
£
£
-
75,350
2023
2022
£
£
65,992
70,592
20,683
11,217
9,637
5,374
1,622
1,415
2,366
1,817
8,249
-
4,537
4,047
14,949
8,779
128,035
103,241
3,542
8,514
2,610
2,560
134,187
114,315
127,583
114,090
6,604
225
134,187
114,315		 Total Unrestricted
funds
general
2023
2022
£
£
-
75,350
2023
2022
£
£
65,992
70,592
20,683
11,217
9,637
5,374
1,622
1,415
2,366
1,817
8,249
-
4,537
4,047
14,949
8,779
128,035
103,241
3,542
8,514
2,610
2,560
134,187
114,315
127,583
114,090
6,604
225
134,187
114,315
2022
£
70,592
11,217
5,374
1,415
1,817
-
4,047
8,779
103,241
8,514
2,560
114,315
114,090
225
114,315

5 Charitable activities

SILVERDALE GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

6 Support costs

Support
costs
Governance
costs
£
£
Legal and professional
3,542
-
Audit fees
-
2,610
3,542
2,610
Analysed between
Charitable activities
3,542
2,610
Type text here		 2023
Support
costs
Governance
costs
£
£
£
3,542
8,514
-
2,610
-
2,560
6,152
8,514
2,560
6,152
8,514
2,560		 2022
£
8,514
2,560
11,074
11,074

Governance costs includes payments to the accountants of £2,000 (2022- £1,850) for independent examination fees.

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

8 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Total - -

Silverdale Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

SILVERDALE GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

10 Tangible fixed assets

Tangible fixed assets
Cost
At 6 April 2022
At 5 April 2023
Depreciation and impairment
At 6 April 2022
Depreciation charged in the year
At 5 April 2023
Carrying amount
At 5 April 2023
At 5 April 2022
The carrying value of land included in land and buildings comprises:
Freehold		 Freehold
buildings
Fixtures and
fittings
£
£
4,189,007
2,124
4,189,007
2,124
65,780
783
65,780
212
131,560
995
4,057,447
1,129
4,123,227
1,340
2023
£
900,000		 Total
£
4,191,131
4,191,131
66,563
65,992
132,555
4,058,576
4,124,567
2022
£
900,000

Included in freehold land and buildings is a property with the Land Registry title number: LAN189337.

11 Debtors

11
Debtors
Amounts falling due within one year:
Prepayments and accrued income
12
Creditors: amounts falling due within one year
Borrowings
Other creditors
Accruals and deferred income		 2023
£
2,636
2023
£
-
2,550
1,509
4,059		 2022
£
4,147
2022
£
250,000
2,340
874
253,214

SILVERDALE GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

13 Movement in funds

Movement in funds Movement in funds Movement in funds Movement in funds in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
6 April 2021 resources expended 6 April 2022 resources expended 5 April 2023
£ £ £ £ £ £ £
Designated
Funds 6,829 - (225) 6,604 - (6,604) -
Unrestricted
Funds 3,935,701 193,914 (114,090) 4,015,525 219,480 (127,583) 4,107,422
3,942,530 193,914 (114,315) 4,022,129 219,480 (134,187) 4,107,422
The balance of designated funds, which were set aside in the previous financial year to provide an Emergency
Needs Fund during the pandemic, were spent on providing COVID-19 test kits during the year.
Analysis of net assets between funds
Unrestricted Designated Total Unrestricted Designated Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fund balances at 5
April 2023 are
represented by:
Tangible assets 4,058,576 - 4,058,576 4,124,567 - 4,124,567
Current assets/(liabilities) 48,846 - 48,846 (109,042) 6,604 (102,438)
4,107,422 - 4,107,422 4,015,525 6,604 4,022,129

14 Analysis of net assets between funds

15 Related party transactions

During the year the trust received unconditional donations from trustees and other related parties of £159,042 (2022: £13,205).