NEW HORIZONS COVENTRY FINANCIAL STATEMENTS FOR 31 DECEMBER 2023 Comp•ny Numb•r 10012348 Charlty Numb•r 1169264 INAN RE LIMrrED 2 Sheppard Stree( Bryrnbo, V*exham, LL11 SFF NEW HORIZONS COVEp¥fRY FINANCIAL STATEIAENTS YEAR ENDED 31 DECEIIBER 2023 CONTEKrs PAGES Trustees, annual report 2to7 IndeperKlent examinerfs repcKt statpjnent of fina￿[al adivil 11to16 Pago 1 NEW HORIZONS COVENTRY CHARITY INFORMATION Th• board of tru8to08 Mr C C Waddell Mr R Gautton MrA J Coles Company socrelary Ms A H LaNJlarKIs Ro918t8r•d offlce 25 Ranulf Croft Coventry CV3 5FB Indapond•nt Examlner Luke H¢ywson MAAT Finansure Limited 2 Sheppard Stre Brymbo Wrexham LL115FF Bankern HSBC pTc Coventy CV1 1GX P•qe 2 NEW HORIZONS COVENTRY TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 The tru8te88 have ple&8ure in presenting their report and the financial statements of the charity for the year ended 31 December 2023. The tru8tee8 have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by ChaTitie8 (effectlve 1 January 2019). (FRS 102} in preparfng the annual report and financial 8tst8ments of the charity. GENERAL INFORMATION The charlty18 a company Ilmlted by guarantee, Incorporated on 18 February 2016, govemod by Its Memorandum and ArtSd88 of A880ciation. It became registered a8 a charity on 19 September 2016. Th1818 the 8lxth yoar of operations forthe tharity a8 it took over from New HorFzon8 (charltablo Iw8t) on 111 January 2017. Tru•t•o• The trustoes (who are a180 the dlrectors) durfng the year were Chrf8 Waddell, Robln Gautton and Adrian Col88. New tru8tee8 are appolnted by the board of trustee8 in accordance with the Artide8 of A880ciatS0n. OBJECTIVES, ORGANISATION AND ACTIVITIE8 The purpo8e8 of charfty, a8 8tat8d In Its Artlcle8 of A88owllon, arg.. 1. To proclalm and further the 905pel of God concemlng h18 80n, J88U8 Christ, and to preach and teach the Christian faith In such parts of the UK orthe workl as the diredor8 may from time to time think fft. 2. The relief of per8on8 who are in conditlon of need or hardship or are aged or 8ick and to relieve the di8tre88 caused in such part8 of th8 UK or the wortd a8 the dire(*ors may from time to time think fft. 3. Any other charbtable purpo808 accordlNJ to the law8 of England and Wale8 as th9 directorn may from time lo time thlnk fft. Tho activittes adopted to fvrther the purposes of the charity are: Conductiry meetings Organising activiti'e8 and group8 Working d08ely with other Chrislian organ18atlon8. Pa￿3 NEW HORIZONS COVENTRY TRUSTEES, ANNUAL REPORT (CON7￿￿) YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW The statement of financial activities is Set out on page 8 of the financiat statements. A summary of the finanoal results is set out below: Financlal rnview Total income for the year was £333,364 (2022 - £299,691). The main sources of ongoirKJ income are donations received £267,394 (2022- £251.977) along with income tax recoverable £56,272 (2022 - £45.031). Total experKliture for the year was £346,062 (2022 - £319,802), leaving a deficit of £12,698 (2022 - defictt of £20.111) for the year. More detsils can be seen in the Activities section below. The tnBtees a88888 that reseriies are at a satisfactory level. At 31 December 2023 the charity held unrestricted re8erv88 totalling £519,938 (2022 - £532,636). REVIEW OF ACTMTIES AND ACHIEVEMENTS Hlghlights of actlvitles In 2023 In 2023. New Horizons has continued to invest the time of our dedicated volunteers, our small number of part-time staff and our financial resources to continue to proclaim the gospel of Jesus Christ and to see people develop and grow in their fatlh as a result of attending our meetiNJs. New HoriZOr￿ has a recognised role in supporting Congress WBN, a gEobal faith-ba8ed organization to which we are affiliated. As a resuft of this role, New Horizons has had the opportunlty to engaged in wider actNities related to proclaiming and furthering the gospel of Jesus Christ, teaching the Christian faith and offering input and support to other churches and falththsed chariti88 in the UK and Europe. In 2023, we were able to offer increased inpui and support to churches in Europe, in particular d￿r￿￿ in Gerniany, S*eden. Swilzerland and Ukraine. In the prÉoryear, there were two slgnificant face-ttrfac8 interactions with leadership teams from Congress WBN, which inputted into the development of the leadership of New Horizons. As a result of this inplrt, Mr Adrian Coles (fNstee) was ordained as an Elder (ordained minister) of the Church in May 2022. This increased the Eldership Tetan from Iwo to three Elders, which will further strerothen the operations of the Church. The main activibes of New Horizon8 In 2023 have included: CorKluctirKJ meetings. which are a¢ce88ible to the general public. wlth the aim of teaching the Christian falth., Developing the church members in their Christian faith. w6th spe&fic and targeted inF*rt into the men. women, young Peop￿ and children" Pag• 4 NEW HORIZONS COVENTRY TRUSTEES, ANNUAL REPORT ICOM77HUED) YEAR ENDED 31 DECEMBER 2023 Provkllng support and advice to a number of similar faith*ased charittes and Churches; arKI Providing leadershlp in￿rt to church communi￿3 in order to support the develow)ent of churches across the UK and Europe. Our income Is largely based around donations, which have been at a consistent level over last 6 years. Our key expenditure comprises: donations to other Christian organisalions and leaders in Ilne with our charitable purposes; payment of 5 part-time memb8rs of staff. induding a company secretary vtho 18 qualified accountant, ar¥J payment of the Senior Elder of the churth who provides ministry services; and covering essential expenses including UK and overseas travel and the cost of hiring venues and running events and conferences. We also invest in the training and development of leaders and volunteers of New Horizons, who play a vital part in our abilty to futfil our charitable purposes, and we procure consultancy services where li is considered appropriate to pay for services rather than solely rely on the goodwill of our volunteers. We own no woperty; we continu8 to rent the Coventy Boys and Girls Club for Sunday meetings and other venues are as required. Church running o)sts for 2023 were £191,310. £50,823 higher than the 2022 costs of £140,487. The hlgher Costs are mainly due to increasing the number of part time staff from 3 in 2022 to 5 in 2023. Employee costs correspondingly increased from £26k to £74k. The trustees have employed these part time staff members to work in administrative roles in order to increase effKiency and woduc*ivity, fvrthering the charity's obieGtNes whilst reducing the burd8n on volunteers. We make regular financial donatyons to support the work of Congress IP¥BN and the ministry organisations of four Christian lead8rs who have a woddwide role in furthering the Chrlstian faith. Their work and values are fully aligned with those of New Horizons and our donations enable us to further our obj'ects by facilitating the wwk of those who have a reach beyond our Donations were also made to support gk>bal initiatives to help relieve hardship for people in the UK Europe and overseas. This induded £1,223 {2022". £6.166) to support people working in Ukraine to prodaim the gospel of Christ in the midst of the ongoing war with Russia. Missson support glfts of £9,662 (2022: £9,202) were made to individuals in the UK who required financial support. £5,000 was donated to support the work of Nexus Institute of Creative Arts. charity in Coventy, who train and equip Christian musicians. All donations made by the charity are subject to a risk assessment to ensure that charity funds are being spent in accordance with our chariiable purposes and in line with money laundering regulations. NEW HORIZC>NS COVENTRY TRUSTEES. ANNUAL REPORT (coHnMw) YEAR ENDED 31 DECEMBER 2023 A net deficit was made in year, ￿1￿7 wa8 a result of a strategic decislon by th8 tnistees to invest reserves in the infras￿re and running of Horizons. reducing the burden on volunteers, and to make donats'ons lo support tr* %w)rk of charity arKI indmduals who have similar purposes a8 New Horizons. with a different or *vJer reach. The deficit for 2023 of £12,698 was than that of the rxior year (£20,111). 2022 indud8d £6k of o)8ts incurred to wpport 20 young people arKI a number of support vdunteers from New Horizons to attend a European Young People's Gatr￿ing in tjjbiin. Ireland. At this event 98 young people from 7 EurO￿an countrns gatI￿red to receive teaching to fvrther In their faith and lyjild a nelwork of rel￿￿. Hlghllghl• of achl•v•n•nts In 2023 We ¢ontinue to 8ee lmvoveme￿ in ts wrfJw81andlng, grasp and appllcation of th• Christian faith of ttK￿e who access our meeb'w. Development of technological system8 to ensure that the atxtvttles of th8 church can continue to be delivered 0Tr4ine, en8uring the continued development aTrJ relational connectivty of th08e parts¢ipating in the n)88t1r￿. Development arKI Strew￿l￿a of leadern and the Ngani8atlotwl 8trurtures of tho Church. Ongoing 8treWhenlng of ow YOUNJ Peoplè. bjilding them up In th•ir faith through regular meetings together, and strategic inwl at Signfficant events. In June 2023, the 10 children who here leaving w'mary 8¢hool in September 2023 had an away day of teambuilding and Strategic spiriiual inwrt to help them navvJate this stage of life. In Juty 2023, 36 children aged 12-16 had a w8ekerKI away, where they eNJaged In teambuilding actsvits8 teathing ab(xrt the Christsan faith. Oryoing inter**ions arKI r￿tWorknng wilh churcl*s and Christian leader8hip in thè UK, Gennany, Switzerland, Sweden and Ukralr*. This has re8ufted in the StreWt￿lffj of churches and their leadership as thay Fxoclaim arNJ further the Chri8tian faith. Volunteer8 participating in leadership meetings critical to the advanc8 th• global communications and t8(*r￿lOgY of Congross WBN. The Tru8te88 ¢on8ldor that tho aim8 and Olle￿ of Hryizons and the activrties undertaken to acliwe will remain uncharyed in future periods. Tlw expe& that there will be increased investment in Confere￿ and travel, in the UK and overseas, so that the charity can atterKI face4trface meetings to wodaim arKI fvrther the Christ4n fath arKI work to 8UPPOrt other churctr*s and charitable organisations as they seek to do the same. The d7anty's reserves wlicy is to hc4d finan(yal reserves to cover apwoximately six months. unrestri(#ed expendiiure. The Tnth are Satisfi￿ that this rdicy will provide New Horizons Pogo 8 NEW HORIZONS COVENTRY TRUSTEES, ANNUAL REPORT (COHnNW) YEAR ENDED 31 DECEMBER 2023 reSeP￿S togetherwith having the fiexibilty to adjust expenditure to matth the levels of income received. New Horizons will Continue to look for strategic opportunilies to make donations and Investments that deliver the obie(*s of the charty. STRUCTURE, GOVERNANCE AND MANAGEMENT TNsle88 are selected by the existing trustees who also tske into account the views of church members as lo each person's trustworthiness. The Trustees h•4e also established an Audit and Risk Committee, comprising two Trustees nominated by the Board, in order to on risk management within the Charity. The delegated authority of the ￿MMIttee arKI requirement8 to report back to the full Board is sel out in Terms of Reference approved by the Board of Trustees. Rlsk ass•s•mgnt The trustees have consideTBd the key operational, financ￿1. and strategic risks that have a bearing on the charity through the mechanism of a Risk Register. Suitable management infomation is available to the Audii and Risk Committee on a regtjlar basis to monitor these risks, and allow any mitigating aGtion to be taken to address them. Internal audits are planned by the Audit and Risk Committee to Strategically address Ihe are88 of greatest risk within the Chanty. They are Carried out by suiiable personnel who report back to the Audit and Risk Commrttee on key findirvJs and actlons to be taken to further mitigate against identified risks. Investment pollcy The charity ha8 adopted a policy of inv8Stiry funds not immediately needed in saving accounts with varlous banks up to the £85,000 FSCS guaranteed limit. Re8eNo8 poIIcy It Is the policy of the charity to maintain unrestricted funds, vthich are the free reserve$ of the charity, at a level vthich equates to approximately six months, unrestricted expenditur8. This provides suffKient funds to cover management, administration and 8UPPOrt costs. Unrestrkled funds were rnaintained above this level throwJhout the year. Fund ralsing tharity relles on voluntary donatlon8 from its members for ts inuxne. Tr charity does not ern￿OY profvssional fundraising bodtes. The chaiity does not recelve any granls or any other payment for our 8wvices. Volunt••rs The charity is gratefijl for the commitment of Its volunteers who are involved in a# asp8Cts of the charity's operations. NEW HORIZONS COVENTRY TRUSTEES. ANNUAL REPORT (ccw7W￿) YEAR ENDED 31 DECEMBER 2023 PUBLIC BENEFrr The charity trustees have ￿mplIed with ther to have due regard to IF* guidance on public benefft, and the supplementary guidan￿ on the advancement of religftm for the benefft, STATEMEKf OF TRUSTEES. RESPONSIBILMES Charity law requires the trustees to Fyepare finan(aal $Lite￿ for each financial year. which gtve a twe and fair view of the state of affairs of ts charity arKI of ts finan(¥al adivibes for that year. In preparing those financial Statern￿ the trustees are required to: b) make judgments and estNnates that are reasonable and rAudent Recommended pra￿1￿. 'ACc￿nI￿ and Repo￿.ng by Charilies (effedive 1° January 2019)" and with applicable accounting standards, subj'ect to any material departures disclosed and explained in the finan¢>al statements,. reasonable accuracy at any time the finanoal posthon of the (*arity arKI to enable to ensure that the financial statemerts ¢(Kn￿ wilh the Companies Act 2006. They are also responsible for safeguarding the ass* of the dArity and hence kn taking reasonable steps far the F¥evention and detection of fraud or other irregularilies. This report was apwov&l by the triBtees on ... ..... . on their behalf by: .. and is signed Mr R Gauiton Pag• 8 NEW HORIZONS COVENTrY REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS We rewt ￿ the financbal sL*ThntsfrKth8 yearerKled 31at December 2023 set out on pages 9t016. Respective mponslbllllim of trustees and examln•r The tharivs trustees are responsible for the preparation of the accounts. Th charity's tntstees consider that an 8￿y1t is n(X required for this year under 8e(aion 144 of the Charities Act 2011 {the Charities Ad) or under Part 16 of the Comp*kY8 Ad 2006 {th& Companies A(1) and that an indeperKlent examination is needed. It 1$ my responstbilty to.. examine the accounts urKlgr sedion 145 of the Charities A to follow the wocedur8s laKI dcrwn in the general Diredions by the Charity Commission under SeCtm￿ 14515){b) of the Charities Act. arKI Basis of independent examinerfs statement My examination was carr￿d out in accordance wilh Sw￿1 Dire(aions given by th8 Charity Commission. An examination in(audes a review of the acxounliryJ records kepl by the charity and a comparison of the accounts pre8*rted Yhilh those records. It also includes consideration of any unusual items or disclosures in the accounts. arKI seeking explanatFons from the Irustees conceming any such matters. The procedures urKlertaken do not provth all the evidence Ihatw<)uld be required in an a￿11[ and consequenty no opinion isgNen as to whether the accounts wesent a and ￿ vmv arKI the report is limited to thos8 mattern set out in the statement below. In conneGtion with my examination. I have reasorth cause to tie1￿ that. (1) in all rnateriaf respeds the requirements: and to prepare accounts in accordan￿ the acCou￿ng requirements of section 3 of Companies Act aThJ ￿th the meth(th and princi*s of the SORP: have been met: and (2) there are no material matters lo which. in my opinion. attention should be drthvn in ke Howson Finansure Limlted. 2 Slwpard Strert Brynkn. ￿. LL115FF 15th July 2024 Pago 9 NEW HORIZONS COVENTRY STATEMEMf OF FINANCIAL ACTivmES (INCLUDING INCOAIE AND EXPENDITURE Accoupir) YEAR ENDED 31 DECEMBER 2023 Unrestrkt•d Rostrlcted Total• Funds Funds 2023 Totals 2022 Nol• INCOIAE FROM Donatlons Inv8strnents Other Incoff 317,488 8,801 897 6,178 323.686 297,008 2,683 TOTAL INCOMING RESOURCES 327,186 6,178 331364 299,691 RE80URCES EXPENDED CharhaNo acuvll 339,684 8,178 344062 319.802 TOTAL RE80URCE8 EXPENDED 339,884 8,178 348m2 319,802 NEf INC¢X I IEXPENLVTURE) FOR THE YEAR (12,898) 112mBI (20,111) {12.698) 112,698> (20,111) Balancw brought fr)ThMrd 532,636 552.747 Balances carrbj fomard 519,938 519,938 532,636 The charty ha8 no recognl8ed galn8 or1088e8 Other than the re8uIts for the year 88 8et out All of tha a¢tlvltle8 of the charlty are classed as ￿inUIng. Th• not•* on p*gM 11 to 16 form ol th•M fin•n¢lal •tat•m•nt•. Pago 10 NEW HORIZONS COVENTRY BALANCE SHEEr 31 DECEMBER 2023 2023 2022 FIXED ASSErs Tangible a888ts 10 34,303 42,010 CURRENT ASSErs 11 18.909 474765 40,758 453,308 Cash at bank and In hand 494674 CREDITORS: Amounts falling due within one year 12 {9,039) (3.440) CURREKf ASSEfs LES8 490.828 NET ￿SE[s 519,938 532,636 FUI un￿$trthd funds Restrthd funds 13 519,938 TOTAL FUNDS 619,938 532,636 The trustees are $aJsfl8d Ihat the i*aiity is entiued lo 0x￿￿On from th• provl$h)ns of th8 Companies Ad 20( (the Ad) rol4tltyJlo thg oudié ofts aru￿nts for the year ty vortue of88thon 477. and that no member or merthr5 ha¥8 roqwsted an audtt purs￿1 to 478 ofthe A preparing aDxunts wtrmch give a INe al￿ falrNiow ofth¥ stats ofaffgks ofthg rtBrity as atthe end of the fmanckgl year 8r•J of rt8 not In¢omthg or (Mrtgoing resouTce5 for the finarvial year in accordar ¥Alh the requirem￿8 oftho to statom￿. 80 fw as tho dwAy. small c*mpanigs' regim, trtlih th• Flnw¢i81 RetthwwJ StaThJard 102. These financial statemènts V*tre approved by the trustees on ... ...... .. .. s￿ned on their behalf by.. . ar#J are Ir R Gauiton Th• nots8 on pag•8 11 to 16 ft•rni p•rt oltho8• financlal 81atomonts. Pag•11 NEW HORIZONS COVENTRY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 AccoupifiNG POUCIES The finandal stateffl￿ have been wepared urKler hk8torical Cost o)nvention, and In acu)rdartt wllh thé Statemert of Recom￿ Pra(kn ISORP). 'Ar£ounling and Rewting ty charl￿8$ {effe¢tp￿ 1 January 20191. IFRS 102>, the Chanti88 Ac( the Compgnies Act and applbxble act￿nt￿￿ standards. Under Financial Reporting Starxlard 102 (FRS 102), the charity 58 exempt from the requiTement to wepare a cash statwngnt on th8 grounds of its we. The charlty Is a comp*)y linmied by guarantee, *thich was M)c￿rA￿￿ on 18 February 2016. Tho embers of tho comp8ny are the trustees n8ft￿d on pago 1. In the event of th• ¢harity belng und up, thè Ilabllty In respec* of the guarant8e Is lIn￿ted to £10 per of the charlty. Fund accounll In furtheran￿ of the general objecfvts of the chwty and whth have not been deslgnated ft)r Restrcted are funds whlch are to b? u8ed In with specmc re8trlckn8 lrnposed by donors or tAthl¢h hwe boen ra18ed by the charity for partk%l8r purFQg88. Tho Cost ol T8￿Ing and alrnink8terlThJ funds are charged aganst the spwfic fvnd. Invesknnt Incomo and gains arn all(Kated kn tho apwofft fund. I￿ornIng rn•￿'T￿4 bases: F&F I Equlwy￿t 25% stra*3ht line Pag• 12 NEW HORIZONS COVENTRY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 DONATIONS 2023 2022 Oonalions 261,216 6,178 240,102 11,875 . Restricted $6,272 45,031 323W6 297,008 INCOME FROM INVESTMENTS 2023 2022 Interest recer¥ed 8W1 2,683 COSTS OF ACTivrriES IN FURTHERANCE OF THE CHARITYS OBJECTS Athities Grant funding of Supp)rt Empbye8 Actr¥ity or prwt Totsl 2023 dir (note 7) (note 8) 2022 {note 6} 17ESTA7ED Church runnin Leadershi Missiins and commun conferen￿ and events 191 75 10 TOTAL 175 17 319 P4• 13 NEW HORIZONS COVEPfflIY NOTES TO THE HNANCIAL STATEIIEPWJ YEAR ENDED 31 DECEIABER 2023 PRIOR YEAR COSTS OFACTMTIES IN FURThERANCE OF THE CHARrrYs OBJECTS RESTATED of Total 2022 Church runn 82 TOTAL 319 ANALYSIS OF GRANT FUNDING OF ACTivmES Grants lo other charllles {UK) Nexus ICA Coventy Foodbank Hope Coventy 1,760 Gfants to other chariti88 (Wfrkfrwth) KKigdom Impara (Indon￿) Scott V4*bster Minthi8s (USA) Steve Sthullz Ministri8s (USA) Church of God's Gkyy {Ukraine) 4,182 9.051 9.C61 9,841 gN1 Grants to IndivwJual8 Regular mlnisty grfts (UK> MissK)n support gifts (UK) Ministy gifts (UK) Humanitarian a*J giving (Ukraine) Ministy grfls {India) Ministy gffts (Trini￿1) 9,662 9.202 500 6,186 2.383 1M12 63J)80 64.405 Pay 14 NEW HORIZONS COVEKfRY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ANALYSIS OF SUPPORT COSTS 2023 2022 17m3 lo￿63 19,333 3,335 storage 1,155 2,320 1,045 Insuran 2,148 33017 28,080 EMPLOYEE COSTS 2022 Gro88 wag•8 Empbye¢$ NIC Enwbyer pansion ¢))ntrlbullon8 Pensbn admlnlBtslon t*arye8 staff trairing 59.764 20,544 13087 4,869 73839 26,785 Th8 average number of er￿￿ee8 (all part-time} during the year was fve (2022 - three). PJI emptyeeswereeffpbyed in administrative rrAg8. No wr4Dloyee received ompknye• b*)efrt8 ofmorn than £60,000. Pag• 15 NEW HORIZONS COVENTRY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 TRANSACTIONS MTH TRUSTEES or￿ tr￿, Mr C lfyÈddell, was ong•3￿1 in tewwnwated nwnisty duriw thg y88r and £72,93012022 . £70,164) in respe(* of minMty fees. in ￿)rd￿ Artic￿ of As6Lxa81kn. No Incidental exrenses were incurred ty truste8s h carrywwj out their trustee dulbs {2022- Nil). Expenses Incurred ty trustees for servw provthd lo the charty in the year, either by reiMtr￿rSerf￿t ofthe trustee or by direct payment to a third paty, tOtal￿j £6,213 (2022- £2,901). The total donalions made to the chaFity by trwtees witrw)ut condfo¢)ns durirvj ts year wag £18,324 {2022- £17.550). 10. FIXED ASSETS Fixture5 & fittings EquiPn￿1t Total Co•t At 1 January 2023 Addthons Disposals At 31 Decombor 2023 117,917 7,543 125.460 127 Depre¢latlon At 1 January 2023 Charge for year Disposals At 31 D•e•mb•r 2023 5,490 1,110 83,450 17,222 15,943 Not book valug At 31 Docembor 2023 At 31 December 2022 39,957 2,053 42,010 Pag• 16 NEW HORIZONS COVEKfRY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 11. DEBTORS 8,081 9.143 1.685 6,442 32,424 Othèr debtors 14909 40,758 11 CREDrroRS DUE wrrHIN ONE YEAR 2023 2022 Trade credito 1,967 875 3,440 13. STATEMEKf OF FUNDS At31 2023 2023 Unr6•trlctod fund8: 532 6&3 327 186 Eamwrked glts Total fund• 632,636 333J84 1346m21 S19￿38 The general re8eNe represents the freefunds ofthe charltywhich are notdespjnated forparlicular purposes. 'Eafflwrked glts. represent don*ions for specthc beneficiarbs or projects.