REGISTERED COMPANY NUMBER: CE009144 (England and Wales) REGISTERED CHARITY NUMBER: 1170377 rt of the TNstees and Unaudited Fin ci tat for WORLD HEALING CENTRE Whittles LLP Chartered Accountants l Richmond Road Lytham St Annes Lancashire FY8 IPE
RLD HE Contents of the Financial Ststements Page Report of the Trustees Statement of Trustees, Responsibilities Independent Examinerfs Report Statem¢nt of Finanrial Activities Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 16
G CENTRE Re rt of the Truslees for the Year Ended 31st March 2025 The trustees who are also directors of th¢ ¢haTity for the purposes of the Companies Act 2006, present their report with the financial Statements of the chaTity for the year ended 31 st March 2025. The trustees have adopted the provisions of 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 treland (FRS 102) (etTective l January 2019). OBJECTIVES AND ACTIVITIES Objectiv¢s and aims The obj¢ct of the charity is to "CTusade for world brotherhood through love and faith in God as revealed by our Lord Jesu5 Christ." This includes working towards advancing a spiritually awakened world, united in Divine love and oneness. The charity aims to achieve this through prayer, meditation, transforniational prograrnmes, and events, inspired by the healing presence and teachings of Mandus Nyquisl. Significant activities We aim to assist all human beings to find their individual ffiith and connection through spiritual teaching5 and prayer. We embTace the individuality of all beings and understand that self-empowernient is the key to a peaceful and fulfilled life. We deliver a range of inspiring activities as well as one off day retreats to assist our community to connect and grow. These activllies include daily prayer requests accessed either through our telephone line, by email or written letters. Members who write to us are provided with a prompt and relevant reply and we accornpany our letter5 Wlth inspiring cards and inforniation leaflets to assist in the awakening journey. We also send inspiring quotes, weekly inspirations and wisdom to our email and social media subscribers. We also publish two Magazines per year which are distributed to our mernber across the globe. This has now moved to a digital format following the decision to reduce the large costs involved in printing and mail services. In addition, w¢ also offer monthly in person meditation, live in person spiritual teachings, in person energy healing and rwice weekly online and distant mediations, ensuring live engagement with our global community. We also offer day retreats throughout the year, Publlc benefit The public receives a variety of free self.development literature and meditation sessions for free to assist with personal healing, inner growth and awareness, reflection and support during the awakening journey. We also provide a range of publications and literature to support OUT teachin8s and groups. We provide personal and spiritual support to those who contact us whether by telephone. email, in writing or in person. Inclusivity is at the core of our work, and we acknowledge all paths, all cultures and all perspectives in our growing global community, We also provide the option of a sliding scale of payment for our annual day retreats and also give the option of a pay it fonvard donation of retreat spaces. well as offering many of our services as a pay what you can donation, ensuring that even our paid events are accessible to all in community. The Trustees Teeognise the Charity Commission public benefit guidance and have taken this into account in their decision making. Page I
WORLD HEALtNG CENTRE rt of the Trustees for the Year Ended 315t March 2025 continued ACHIEVEMENT AND PERFORMANCE Charitable aetivitie5 l. Emails, Letters and Phone Calls We receive emails, letters and phone calls each day requesting prayers, advice and inforn]ation. All are answered with care, kindness and compassion and replies are prompt and dealt with in a confidential and compassionate manner. 2. Mediation We run weekly meditation sessions both live in person and also in a live online fonnat ensuring that we Can serve our local community alongside our growing global community. Our online free events are also hosted on event bright meaning that our services are also able to impact the wider national ¢ommunity. 3. Spiritual Teachings We run a monthly live in person session that includes both a silent meditation and spiritual teaching and guidance. 4. Energy Healing We offer monthly, drop in, in person energy healing to anyone within our community that W15h¢s to attend as well enabling anyone living within the local area to drop in and experience our services. 5. Day Retreats We offer several day retreats throughout the year which are offered to local comrnunities as well as people living out of the area. Responding to financlal challenges During the year, the charity faced significant fmancial pressure which required the Trustees to take decisive action to ensure the organisalion's continued viability. Following a detailed review of income, expenditure and delivery models. the trustees implemented some changes aimed at stabilising the charity's financial position while continuing to rn¢et its charitable objectives. These changes included restN¢turing roles within the day-to-day activities, revising staffing and subsequent redundancies. While these decisions were challenging, they were taken in line with ihe Irustees duties and with the long-tern] sustainability of the charity in mind. As a result, the charity has made rneasurable progress towards a more sustainable operating model by the end of the reporting period. FINANCIAL REVIEW Principal fundlng sources The Charity relies on the following two main sources of funding: Donations and Gifts, some of which attract tax benefit from Gift Aid. Legacies. Investment poliey and obJeetive$ Aside from retaining a prudent amount in reserves each year, the charity's thnds are invested in FSCS guaranteed deposit accounts to ¢nsure maximum protection of the funds. Reserves policy As the charity relies entirely on voluntary contributions, which the Twstees are unable to anticipate with any degree of accuracy, the Trustees, policy on Reserves needs to b¢ flexible, The current policy on Reserves is that the 'free reserves, i.e. funds not invested in Tangible Fixed Assets, should b¢ r¢tained to meet foreseeable expendittjre over a period of twelve months, which equates to approximately £25,000. At 3 1st March 2025, these reserves amount to £117,121 (all of which are unrestricted) which is above the target level. The trust¢¢s have made the decision to s¢ll our prop¢rty and are ruentlY Tenting an alt¢rnative pr¢mi5es on an hourly basis, in line with the scheduled activities of the charlty, which has enabled the charity to move to a more sustainable arrangement. During the year the charity's total income was £73.345 and total expeT]diture was £119.558. resulting in a deficit before any revaluation gains/losses of £46,213. Page 2
WORL HEALIN EN rt of the Trustees for the Year Ended 3 1st March 2025 continue FINANCIAL REVIEW Going Concer The financial statements have b¢cn prepared on a going concern basis. This is the conclusion of the Tnte¢S after consideration of the uncertainties faced by th¢ charity. In PTeparing these financial statements the Tntee$ are required to prepar¢ the fancIal statements on the going conceTn basis unless It is inappropriate to presume that the charity will continue ITh operation. The Trustees have revisited their fmancial projections for the next twelve months after assessing the impact of moving to a working from home operation, scaling back the team and choosing to make use of specific contractors for certain focused areas of ihe charity i.e. web design, digital growth and IT support in an attempt to further reduce annual costs to the charity, while simultaneously supporting the growth of the communiry and impact of the charttable work. The Trustees. have reviewed in detail the charities updated cash flow projections and fmding options and considered the charity'5 abilily to discharge its liabilities as they fall due. In doing so, and despite the challenges faced, they have a reasonable ¢xpectation that the charity has adequate resources to continue in operational existence for the foreseeable future and believe that the step5 taken during the year have strengthened the charitie5 financial re5ilien¢e. The Trustees therefore Continue to adopt the going concern basis of a¢¢ounting in preparing the annual fiTJancial 5tatsment$, FUTURE PLANS In the coming year, the Trustees will continue to embed the changes made, fiffther strengthen financial controls and Pursue opportunities to diversify and stabilise income streams. To create various funding streams to ensure the charity is self.sufficient and viable for the future 2. To continue to monitor the decision to move to a working from home orgaT]isation and explore the option of a transitionary move to rent a putpose-built community space by the hour for our scheduled events as we continue with the maTketing of our building for sal¢. 3. To investigate whether the closure of the CIC and the subsequent reduction of the social activities delivered by it. would enable the charity to sirnplify its organisational Stru¢tur¢, refocus resour¢e5 on the ¢ore charitable work ond whether this would allow for reduced administrative complexity. thereby supporting long iern) sustainability of the charity. D¢velop and promote an online, digital offering of events, teachings and ¢ourses. 5. To continue to facilitate annual day retreats for the local community. Work in collaboration with other organisations and agencies to secure social fvnding programrnes to create comrnunity projects and events. 7, Increase our outreach work, by identifying relevant organisation5 that may benefit from our offering of services, 8. Continue to expand our online and social media reach. 9. Continue to expand our community reach through our move to a bespoke collaborative community space where our services are advertised internally 10. Investigate the potential to show case our services at events and festivals in collaboration with local organisations and charities. Page 3
rt of the Trustees for the Year Ended 31st March 2025 continued STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trusL and constitutes a limit¢d ¢ompany, limited by guarantee, as defined by the Companies Act 2006. The charity is a Charitable Incorporated Organisation (CIO) registered by the Charity Commission on 24th November 2016. Prior to this, the charity operated as an unincotporated charity, known as World Healing Crusade (Reg No. 232409). All funds were transferred to the CIO on 24th November 2016. The CIO is governed by its Constitution, which was fwst adopted on 22nd October 2014, later amended on 31st October 2017. Recruitrnent and appointment of new trustees The Trustees are always prepared to recwit new Trustees who ¢xpr¢ss enthusiasm to assist in fiwthering the aims and objectives of the charity. With this in mind. the Trustees meet and discuss with those who are recommended, taking account to ensure there 15 an appropriate cornbination of skills, interests and gender. New Trustees are appointed by a resolution passed at Trustees, meeting. Organlsatlonal $trueture The chariry is governed by its Trustees, who meet at least twice a y¢ar. The Trustees are responsibl¢ for forn]ulating the strategy and policies for the CIO as a whole, including the approval of budgets and the exercising of fmancial controls through regular financial reporting. The senioT management attend all Board meetings, unless unable to do so. A scheme of delegation is in place whereby day to day responsibility and decision making rests with the principal officer. Matters such as change of policy, staff remuneration and items of material one-off expenditures, are tabled for discussion and decisions about these aTe made at Trustee Meetings. Induction training of new truslees As part of their induction programme, the new Trustees are made aware of their responsibilities as Board Members. This induction includcs an introduction to the objectives, scope and policies of the charitable funds, Charity Commission infonnation on Trustee responsibilities. copies of the lat¢st Trustee Annual Reports and Accounts, and the CIO'S constitution. REFERENCE AND ADMINISTRATtVE DET AILS Registered Company number CE009144 (England and Wales) Registered Charlty number 1170377 Registered office 476 Lytharn Road Blackpool Lancashire FY4 IJF Trustee$ Mr J Yates Mrs D Yat¢s Mr S Evans Ms R Sutherland Page 4
W[lLD EIEALIN £E.NI&E orr of the Tru.%tees for the Year Ended 31 st Marcli 2025 continued REFERENCE AND ADMINISTII.ATIVE DETAILS Independent Examiner Whittles LLP Chaitei'ed AccoLltttants l Riclimond Road Lythain Si Allnes Lancashii'e FY8 IPI Solicltnrs yldL Law 325 L.liftL)11 Drive %outli Lyil)ain Si AnnLs L8nLashii'e FY8 11-fN Bankers HSBC PLC Oxford Square l Newliouse lioad BldLkpool FY4 4YH Approved by order of the boai'd of t]'ust¢es on and signed on ils bchalf by.. MrJY es - Trust The notes fonii part of these financial statements
RLD HEALtNG EN Statement of Trnstees, Res nsibilities for the Year Ended 3 1st March 2025 The trustees (who are also the directors of World Healing Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practic¢). Company law requires the tNstees to prepar¢ fmancial Statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing those financial statement5, th¢ trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent. prepare the financial staiements on the going concern basis unle55 It is inappropriate to pr¢sum¢ that the chatitsble company will continue in business, The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the fmancial statements comply with the Companies Act 2006. They aTe also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and oth¢r irregulaTities, The trustees are responsible for the maintenance and integrity of the COorate and fmancial inforn]ation included on the charitable COTnpany's website. Page 6
Ind¢ ndent Examiner's Re World Healin ) Centre ort to the Trustees of Independent examiner's report to the trustees of World Healing Centre ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 3 1st March 2025. Responsibilities anil basis of repurt As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Acv). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of th¢ 2006 Act and are eligible for independent examination. I r¢port in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's staternent I have completed my examination. l confilln that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or the accounts do not accord with those recoTds' or the accounts do not comply with the accounting requiTem¢nts of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter consid¢r¢d as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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 underslanding of the accounts to be reached. Wayne Murphy FCA Whittles LLP Chartered Accountants l Richmond Road Lytham Si Annes Lancashir¢ FY8 IPE Date: Page 7
wo CENTRE Statement of Financial Activities Incor oratin an Incom and Ex enditure Account 31.03.25 Total funds 31.03.24 Totsl funds Unrestricted fund Restricted fijnd Notes INCOME AND ENDOWMENTS FROM Donations and legaci¢s 71,840 71,840 44.835 Other trading activiti¢s Invesmient income Other income ,505 1,505 4,592 Total 73,345 73,345 54,927 EXPENDITURE ON Raising funds Charitable actlvltles Providing Spiritual guidance and support 119,558 119.558 283.264 Total 119,558 119,558 283,264 IYET (EXPENDITURE)ttNCOME (46,213) (46,213) (228,337) OTHER RECOGNISED GAINSI(LOSSES) Gains/{losses) on revaluation of fixed assets 230,000 230,000 NET MOVEMENT IN FUNDS 183,787 183,787 (228,337) RECONCILIATION OF FUNDS Total funds brought forward 1,133,334 1,133,334 1,36l,671 TOTAL FUNDS CARRIED FORWARD 1317 121 1317 121 1 133 334 The notes forni part of these financial ststements Pag¢ 8
D HEALIN Balance Sheet 31.03.25 Total funds 31.03.24 Total fuTJds Unrestricted fijnd Restricted fund Notes FIXED ASSETS Tangible assets 1,200.000 1,200,000 985,261 CURRENT ASSETS Debtors C&sh at bank and in hand 12 1,478 118,236 1,478 118236 36,599 122,327 119,714 119,714 158,926 CREDITORS Amounts falling due within one year 13 (2,593) (2,593) (10,853) NET CURRENT ASSETS 117 121 117 121 148,073 TOTAL ASSETS LESS CURRENT LIABILITIES ,317,121 1,317,121 ,133,334 NET ASSETS 1317 121 1.317 121 1 133 334 FUNDS Unrestricted fijnds - general use Unrestricted funds - revaluation reserve Restricted funds 15 249,851 1,067,270 296,064 837,270 TOTAL FUNDS 1317 121 ,133,334 The charitable cornpany is entitled to exemption from audit under Section 477 of th¢ Compani¢s Act 2006 for the year ended 3 1st March 2025, The members have not required the company to obtain an audit of its fmancial statements for the year ended 31 st March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 aT]d 387 of the Cornpanie5 Act 2006 and preparing financial statements which give a true and fair view of the stste of affairs of the charitable company as at the end of ¢aLlI fiiiaiiLial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 aT]d which othenvise comply with the requirements of the Companies Act 2006 relating to financial slatements, so far as applicable to the charitable company. (b) The not¢s forn] part of these financial statements Page 9 continued...
RLD EIE ENTRE Balance Sheet conlinued 31 st Mai'cli 2025 ThLse finanLial sthienienis havL been prcpai-Ld in accordance with iliL provision4 applicabll to LliaritdblL LuinpaniLs siibjcLt lo the small Lonipanies regime. The financial starerncnts were approved by the Board of Trustees and authoi'ised for issue on sigiied 011 ils behalf by.. and were ales Isiee Thc no)Ics toi'in pan of thcsc tInnL11 sldtcmcnis io
WORLD HEALING ENT Notes to the Financial Statements for th Y ar Ende 25 LEGAL FORM World Healing Centre is a Charitable Incorporated Organisation (CIO), which is registered in England. The registration details are stated on page 4. ACCOUNTING POLICIES Basis of preparing the financial statement5 The financial statements of the charitable rompany, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charili¢s SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of R¢comrn¢nded 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost conv¢ntion, The presentation currency of the financial statements 15 the Pound Sterling (£). No significant judg¢ments have had to be made by the trustee5 in preparing these financial stat¢m¢nts. The financial statements have been prepared on a going concem basis. This is the conclusion of the Trustee5 after taking full consideration of the uncertainties fac¢d by the charity resulting from the Covid-19 pandemic that continues to affect both the UK and World's economies. Despite the challenges faced, the Trustees have a reasonable exp¢¢tation thal the charity has adequate resources to continue in opeTational existence for the foreseeable future. The Trustees therefore conlinue to adopt the going concem basis of accounting in preparing the annual financial statements. Further detail Can be found in the Report of th¢ Trustees. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured T¢liably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or ¢onstru¢tive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the Category. Where costs cannot be dir¢rtly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. I'angSble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, Fixture5 and fittings Computer equipment 250/0 on cost 250/0 on cost Taxation The charity is exempt from ¢orpoTation tax on its charitable activities. Pagell Continued.,.
Notes to the Financial Statements - continued for the Year Ended 31 st March 2025 ACCOUNTING POLTCIES- continued Fund aeeounting Unrestricted funds caT] be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrict¢d purposes within the objects of the Charity. Restrictions arise when sp¢cified by the donor or when fidS are raised for particular restricted pu05¢5. Fltrther explanation of the nature and purpose of each nd is included in ihe notes to the fmancial stat¢ments. Pension eosts 8nd other post-retirement benefjls The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Debtors Trade and other debtors are recognised at the settlement amount du¢ after any trade discoLmt offered. Prepayments are value at th¢ amount prepaid net of any trade discounts due. Cash at bank and in hand Cash is represented by cash in hand and depoblts with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditor$ Creditors are recognised wheTe the charity has a pr¢s¢nt obligation resulting from a past event that will probably result in the transfer of fijnds to a third paty and the amount due to 5ettl¢ the obligation can be measured or estimated reliably. Creditors are nornially recognised at their settlement amount after allowing for any trade discount5 due. DONATIONS AND LEGACIES 31.03.25 31.03.24 Donations Gift aid Legaci¢s 8,635 1,366 10,316 ,547 OTHER TRADING ACTIVITIES 31.03.25 31.03.24 Fundraising events Sale of miscellaneous items Page 12 continued...
WORLD HEALG C Notes to the Financial Statements - continued for the Year Ended 31 st March 2 INVESTMENT INCOME 31.03.25 31.03.24 Rents received Deposit account inteTest 1,505 4,592 OTHER INCOME 31.03.25 31.03,24 Covid-19 related grants and wage subsidies Other grants 5.500 5.500 NET INCOMEI(EXPENDITURE) Net (expenditure)/income is stated after charging.. 31.03.25 31.03,24 Depreciation - owned assets Independent examiner's remuneration - as examiner Independent examiner's remuneration - other services 15,261 440 8,091 440 TRUSTEES, REfrfuNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 3 1st March 2025 nor for the year ended 31 si March 2024. Trustees, expenses During the year Trustees were reimburs¢d for expenses totalling £117 (2024,. £265). STAFF COSTS 31.03.25 31.03.24 Wages and salaries Social security costs Other pension costs 60,231 749 673 160,286 6,627 2.917 61,653 169,830 The average monthly number of employees during the year was as follow5.. 31.03.25 31.03.24 Charitable Activity Support Costs io 10 No employees received emoluments in excess of £60,000. Page 13 continued...
RLD HEALIN CENT Not¢5 to the Financial Statements - continued for the Y ar nded 3 1st Mar h202 10. SUPPORT COSTS Governance costs Management Totals Providing Spirial guidance and support 7,777 9,530 17,307 Support costs, included in the above, are as follows.. 31.03.25 31.03.24 Prernises expenses Legal fees Professional fees Sundry ¢ostS 7.777 7,013 2.400 117 22,045 3,482 2,000 265 TANGIBLE FIXED ASSETS Fixture5 and fittings Freehold property Cornpu*r equipment Totals COST At I st April 2024 Additions Revaluations 970,000 51.363 10,708 1,032,071 230,000 230,000 At 31 st March 2025 1200 000 10.708 1262 071 DEPRECIATION At I st April 2024 Charge for year Eliminated on revaluation 41,589 9,774 5,221 5,487 46,810 15,261 At 3 1st March 2025 NET BOOK VALUE At 31 st March 2025 1200 000 1200 000 At 3 1st March 2024 970,000 985 261 On 18, March 2021 the Land and Buildings of the charity were valued by Damien Gibbs BS¢ (Hons) MRJCS of Garsid¢ Waddingham, Chartered Surv¢yors, The open markei valuation of the freehold interest was calculatcd at £970,000 which was reflected in the accounts to 3 IS¢ March 2021. The trustees estimate that th¢ fair value of the land and buildings was £1,2m as at 31" March 2025. The historic cost of freehold land and buildings is £138,260. Page 14 continued...
WORLD LtNG CENT Notes to the Financial Statements - continued Year End 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.25 31.03.24 Trade debtors Other debtors Accrued income Prepayments 115 31,812 36,599 Accrued income includes £nil legacy income received from estates after the end of the financial year, 13, CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 31,03,25 31.03.24 Trade creditors Accrued expenses Other Creditors 193 2,400 8,733 2,000 120 10,853 14. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 st March 2025. Page 15 ontinued,,.
wo EN Notes to the Financial Statements - continued for the Year Ended 31 st March 2025 15. MOVEMENT IN FUNDS Net movement in funds At 31.03.25 At 01.04.24 Unrestricted funds General fund Revaluation reserve 296,064 837,270 (46,213) 230,000 249,851 1,067,270 Restricted funds TOTAL FUNDS 1133 334 183 787 1,317 121 Net movement in nds, included in the above are as follows.. Incoming resources Resour¢¢s expended Revaluation 8ainsl(losses) Movement in funds Unrestricted funds General fund Revaluation reserve 73,345 (119,558) (46,213) 230,000 230,000 Restrlcted funds TOTAL FUNDS 73,345 119,5581 230,000 183.787 Com ar orm ment in fund Net movement in funds At 31.03.24 At 01.04.23 Unrestricted funds General fund Revaluation reserve 524,401 837,270 (228,337) 296,064 837,270 Restrlcted funds TOTAL FUNDS 1361671 228 337) 133 334 Comparative net movement in funds, included in the above are as follows.. Incoming resources R¢50urc¢s expended Revaluation 8ains/(losses) Movement in ndS Unrestrlct¢d funds General fund Revaluation reserve 54,927 (283,264) (228,337) Restrieted funds TOTAL FUNDS 54,927 283,264 228,337 Page 16