Rydal Hall Limited
Annual Report and Consolidated
Financial Statements
31 December 2023
Company registration number." 02561024
Charity r•gistralion number: 1176419
dOdd&co

Rydal Hall Llmlted
Contents
Reference and Administrative Oetails
Trust8•s' report
Trustees. responsibil￿eS in rel*ion to the financial statement$
Independent guditors, report (Co Act)
Slalement of financial acti￿11¢5
Balance sheet
Charity balance sheot
10
Cash flow statement
11
Notes to the financial statements
12

Rydal Hall Limited
Reference and Admlnislratlve Detslls
Charity n•rnv
Rydal Hall Limile(I
Charity r•gS8tration n4wnb•r
1176419
C¢mpany r8gi¥tration number
02561024
Prlnclpal office
Rydal Hall
AIABLESIDE
LA22 9LX
R8gi¥ter¢d offlce
Church House
Friargate
PENRITH
CA117XR
TNsteeg
Rev W E Swders
PNYale
The Venerabl• Dr R D Pratt (Retired 31 Marth 2024)
R D Jaq￿￿
A Whigham
Secretary
R DJaques
Audltor
Dodd & Co Audit Limited
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Pag• 1

Rydal Hall Limrted
Tru8tee8' Report for the Year Ended 31 Do¢ember 2023
The TTUStees, who are directors of the Company for the purposes ol company law. pres•nt Ihe¢r report together wlth the
financial statements ofthe Charity for the year ended 31 December 2023.
Govèrning Document
Ryd81 Hall Limited wa3 incorporated on 21 Novemb8r 1990 as a trading subsidiary of Carli5￿ Dioceson Board ol Finance. It
obtsined ch&ity registr81ion on 21 December 2017 (number 11764191 and started to operate as a d)arity from 1 January
2018. The cornp8ny was established under a Mern4Jrandum of Association, which eslBbli5hed Ihe objects and powers of the
charflable cgmpany and 18 governe(l under its Artides ofAssoLYation as amended on 13 [k￿rnbel 2011
The ffinanual slatemenls have been pr8pared in acwrdance with the accountlng policies set out in notes lo the accounts
and comply with the charity's goveming docurnonl, the Charities Act 2011 8nd Accounting and RepO￿"ng by Charilie$.'
Ststemenl of Recommended Practice applScable lo charities prepariThJ their accourhts in accordance with the Financial
Reporting Standard for Smalle¥ Entrttr"es published on 16 Juty 2014.
Appointment of Directorsffrustees
Up lo three Twstees can be appointed by the Cadisle Diocesan B08rd of Finance for a three year temi. Up to An 8ddib"onHI
five, who sh811 not be employees or Offi￿1$ of the Carlisle Diocèsan Board of Finance. can be appoinled by a resolution of
the TNstees. One third lor the nurnber nearest one thirdl of the Trustees app)inted by r¢solub"on of the Trustees, must
retire at a meeting called for that purpose. A reliring Twstee may be reappointed.
Trustee$ wll. on a regulwr basis. asses8 the need for and provide any Trustee training as may be reryired.
Risk Assessment
The trustees have examined the maior strategic, businèss And operational risks the tharity faces and conffims that
systems have been eslablished to enable regular report¥ to be produced so thatthe necessary slep8 can be tsken to lessen
these risks.
Investment p0￿rS and restrfctlons
The Trustees have the power to invest in such assets as they see fit 8ft8r Seeking suit*)le expert advtt rf considered
necessary.
Oble￿l¥e& and Activitie
The objects oflhe charity are..
To promote and 85SlSt the wowk of the thurch of England for the advancement ol the Christian rall￿On in thg
Diocese of Carfisle and county of Cumbria
To a￿8nce Ihe Chrfsllan reliGlon by It￿1 ￿thOut p￿lU￿1¢e lo the generality of the foregoinyl..
Pioviding 8 welcome and retreat house and facilities for members ofthe p￿AlC from within and cthide the county
7shing to leam about andlor practice the Christien religion..
Developing and providing oppotlunities for grovAh in prayer, mission arNI 5piribJality within the Dicrese of Cadi51e
and ¢ounty of Cumbria..
Such othei ex¢Ju5ively charitsble purposes acwiding lo the law of England and wales that the Iruslees in their
absrAut8 di5rxetson decide from b"Tn8 to ti￿.
In setting the objective5 of the chaiiiy the trustee5 have complied with1he Chority commiss￿)n guidance on public benefit.
Arhlevements arKI Perforniance
2023 saw the arrival of our new Gener81 M8nager, Nigel Evans, and the Trustees have been very enttjuraged by the many
wwys in whith the opw8tion of running Rydal Hall have improved under Nigel's managemerrt arKI his tearn of dedicated
staff.
Highlights of the year indude the Tefurbishrnent of Ihe Bunkhouse and the instalation of solar panels on some of roof space
(where planning permittedl - inc¥easing the proportion of our energy thal is sourced from sustainable generalion laTound
iwtrthird5 ofthe charit￿S electsicity is sourced from Rydal Hydro Ltd-a sch8me part owned by the C￿lSIe Diocese).
Pag• 2

Rydal Hall Limited
Trustees. Report for Ihe Year Ended 31 Decffiber 2023
Incom818vels h8ve se8n incr88885 in marty 8rea5 of the charily, a5 we have strived lo deliver a high qualrty of cu51oTner
￿e￿i￿e al a fair price. Whist sorne of OUT tradition group booking5 have seèn a reduction in p8rtitypants over recent years,
we have been encouraged by the numberof new groups being attracted to Rydal Hall and our bookings for 2024 are stTong.
Wé (x)ntinuÈ to éxplore how we can further utilise the Hall and Estale grounds to be a resource for the Diocese in its 'God
for All, work- we have been excited lo wiKk wf(h the Di(Jcese'$ Quidoor Pioneer this yeat alongside our Chaplain to bring
innovative ideas for mission lo Ryd81.
The Twsiees are grateful for the dedication and hard of tha slaff who continued lo wèlcom8 our guests and help fu￿1
'the cijjects of the charity.
The Trusleps rontinutr to bè gratehA for the contributions made from th? 'Fiiends of Rydal Hall, group, bolh through th¥ir
8UPPOrt of the Ryd81 Communlty. and through many hours of lime vdurrteeied on site wbth practical suppo
Marth 2024 the retirement of our Chair, the VeneratAe Dr. Richard Pratt. Richard's love and possion for Rydal Hall and
ils rnini5try has been an inspiration to many, and he will be warmty remembeTed and very welcome lo visit in the year5
ahead. Peter Yates has agreed lo step in as Acting Chair for the time beirwJ. and we I￿Ik lO￿ard to the arrival of the new
Arc*deacon of Carlislewho wil jointhe Board later in 2024.
Flnanclal Review
The group recorded an unrestricte¢J defiat foi the year of £104.036 (2022 saw a deficit of £178.8751, although this was
boosted by a net surplus on the designated fund by £39.167, resulting in the final deficit forthe year being £64.869.
Grovp inrA>￿￿ incréas8d from £1.323.079 to £1.342.686. Charitsble activities in the Hall fell to £720.514 (from £798,247) 0$
h311 ocDJpanty levels fell. Activitse5 in the ITading subsidiary in￿eased to £515,927 (from £467.9431 as noTrhall elements of
the ¢state Saw occupanq levels incxease. Costs fell from £1,501,954 to £1,407.555 desprte high level8 of inflati￿. wih
savings in many areas but particularty in 3tsff and food costs. A rn￿e effedive 8tpff management progr8mme has allowed
the tharity to run a betteT lev81 of seNGè wilh a smallèr staff team.
Closing reserves wgr8 £241.275 in deficit. with no restricted re¥eNe$ hdd.
Work on a detailed &year budget and associaled business ￿an wa5 prepared during the year and endorsed by the Board
and its parerf tharity in the Diocese of Carlisle. It shows a credible path back to achieving a Surplus posthc¥) in 2025.
Dlo¢•*•n Support
As previousty Teporte(l. the Carfi81e Dio¢es8n Board of Finance as sole sharehrAderof the charity, undertook a review of the
value of the estate, potential futuie income and expenditures, and the impact of Inission and ministry fArried out in aTrJ
through Rydal Hall. Diocesan Synod in Marth 2021, approved almost Lmanimously, to retain and 5UPPOrt the activities at
Rydal Hall as an important part of its'G(¥J for All. vlsion. ¢ommrtling )Inances to restore the ¢hBrills reseryes in 2021.
to provi¢Je addtbonal capital to pro￿de 8 stronger future.
Res•r¥o¥ Pollcy
The Charity's reser¥es polcy is lo move lo a posrtion where it has free reserves equal to tsvo month's group expenditurè
which, based on 2023 expenditure would be £227,297. Free Tes•rves at 31 Decernber 2023 were £182.663 in deficit.
Small cornpany provl$lons
Tlis report has been prepared in a￿OrdanceWIIh the ¥mall companies regime under the Companie5 Aci 2006.
Approved by the Board and signed on its behalf by..
0$
Tru
Page 3

Rydal Hall Limited
Tru8tees' Responslbllltles In r¢l•tlon to the Flnanclal Ststom•nts
The trusteès {￿D are also direrlors of Rydal Hal Limited for the purposes 01 company laNI 9re responslble for preparing
the Trustees, Annual Report and the financial statements in accordance with applicable law and th8 Finanaal Reporting
Siandard 102- The FSnanoal Repwting StsThYaryl apph'cable in the UK and Republic 01 Ireland,.
Company1*4 requires the ttustees to prepa￿ financlal statements for each finanryal year which give 8 1rue a￿1 lair view of
thè state of affairs of the chantable company and of the incoming re50urGes and application of resource8, induding income
ond 8xpendilvre. of the charitable companyfor that period. In preparing these financial statements. the tnjstees are required
lo..
select suitsble a￿Unting poliue8 and then apply them consisterrtly.
observe the rnethods and prinryples in the Charities SORP..
make judgements and estimatesthat are reason8ble and pNdenl',
stste vthether applicable UK accounting standards have been fOll￿V?1, subject to any rn?Iwial departures disdoseil aTrJ
eyplained in the finania91 ststernents-, and
prepare the financAal staternenls on Ihe going concem basis unless it is inappropriate to prasum• that Ihe thaiilable
¢ompany will continue in business.
The Iwstees are responsible for keeping proper accounling retC￿th Ihat di$clo8e with reosonable Bccuracy at #ry time the
financsal position of the charitable company and enable theTh lo ensure that the finanoal stal¢merts comply wilh the
CompaniesAcl 2Q06. They are also responsible for safeguarding the assets ofthe charitable company and hence for taking
reasonaLle steps for th* prevention and deteLthon of fraud and other itregularities.
Page 4

Independent Audilovs, Report to the Members of
Rydal Hall Limited
Opinion
We have audited the finanaal statements of Rydal Hall Limited for the ye8r ended 31 December 2023 whith comprise
CDnsolidated Statement of Finanaal Activiiies, Consolidated Balance Sheet, Charty Balance SheeL Cash Flow Statement
and the related nDtes. indudFng a gJm¥nary of significant accounting poliaes. The finanual Teporting fr8mewoth that has
bèen applie(J in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reporting
Standaid 102.. The Financial Reporb"ng Standard 8pph'cabSe in the UK 8nd Republi¢ of Ireland Iunited Kingdom Generally
Accepted Accounting Practice).
In QUT opinion f4nanoo1 statement5=
give a true and fair view of the state of the group and Char￿al￿e ￿mpanY'S affairs al 31 December 2023 and it's
incoming resources and application of resoUr￿s, induding ts income and expenditure. for the year then ended,.
have been prop*ly prepa￿d In accordance with United Kingdorn Generally Accepted Accounting Pr8Cti(x," and
have bpen prepared in ￿rd8￿Ce wrfh the reqimrements of the Companies Act 20C6.
Basls for oplnion
We conducted our audit in accordancE with Intemational Sland8rds on Auditng (UK) IISAS IUKII and 8PF4icable law. Our
responsibilibes under those standards are further desuibed in the Auditor's re5ponsibilibes for the audit of the finanaal
statements section of our report. We are independent of the tharttable company in accortlancE th the ethical
requirements thBt are relevant to our audit of the financial stslements in the UK, including the FRC's Ethical Standard, and
we have fulfilled our other ethical restK)nsibilities in a¢￿dancE wrth thèsè requiremenls. We beh.eve that the audit evidence
we have obtoined is sufficient and approprialeto Provide a ba313 for our opinion.
Concluslons relating to going concem
In auditiny the financial ststements, we have conduded that the trustees, use of the going wncem b8¥is of accounting in
the preparation olthe ffinancial statements is gpproprlots.
Based on the work we have perlomed, wè have not identified any material uncert8inb"e5 relating to events or ￿ndItionS
that. indi¥idualty or cdlectivety, may cast significant doubt on the group's ability to conb.nue as a going concem for a period
of at least ￿e1ve rnonths from when the origin81 financial statementswere auihorised for i¥¥Ue.
OUT respmsibilibes and the regponslbllKles of the dKectus with respect to going cc4)eem are descTibed ￿ IhB relevant
sect￿$ ofthis report.
Other Information
The other infomialion comprises the information induded in the annual Teport, other than Ihe financaal sÈaternenls and our
auditorfs report Ihereon. The trustees arè rèsponsible fof the other informab'on. Our opinion on the finanaal slatements does
not cover Ihe other inforrnation and, except to the extent othe￿iSe explially ststed in our report, we do not express any
fomi of assurance condusion thereon. In connection with Qui oudit of the financial statements, our responsibility is to read
the other inlormation and, in doing so, consider whether the other information is materialty inconslstenl wlh the finanaal
stslement¥ or our knowledge obtained in the audit or otherwise appears to be malerially misstated. If we idf&ntify such
material inconsistencles Of appa￿nt material mi55taternenls, we are required to detemiine whelher there is a material
misststemenl in the financial statements or a m8lerial missl8temèntof thè other infomiation. If, based on the woth we have
p¢rformEd, we ¢ondude that there is a material rnisslaternent of thi3 otheT infolmation, we are required to reportthal fact.
We havg nothing to report in Ihis regard
Oplnlons on other matters Pre￿r￿ed by the Companlu Act 2006
In our ￿inton. based on the woth undertaken in the wurse of the audrt..
the information given In the trustees, report linco￿oratIng the strategic report and the directors. report) f(K the
year fr￿whiCh Ihe fin8nog1 $latements are prepared 1$ consislentwrfh th8 financi315tatements,' and
. the Iru3lee8' repcrt (1n(x)rpoi8ting the strategic report and 1he diTectrKs' report) havg been prepared in accordan￿ with
applicable ￿gaI rnquirements.
Page 5

Independent Auditors. Report to the Members of
Rydal Hall Limited
Con1￿{￿ed
Mattern on which we are required lo report by exe•ption
In the light of the kn￿￿edge and understandiThJ of the Ch8tity and ils environment ob18ined in the Course of.the gudh.
have not identified material misstatements in the Trustees, Annual Report.
We have nothing to report in respect of the following matters in relation to whith the Companies Act 2006 requires ¥Js to
Teport to you if, in ow opinion:
rtain disclosures ol tNstees' remuneration sptafied by law are not made,. or
adequate 8ceounting rec<)rds have not bten kept or returns adequats for our gudit have not been re¢e)ved fr(*n
Lyanches not visited by us., or
the finanrial stBtements are not in agreementwrth the 8CCAxJnling record3 and retums.. or
have not obtainèd all the infomiation and explanali.ons necessary for the purposes of wr a￿lit.
R•sponslbllbtles of the trustÈè8
As explairted tnoie fvlty rn the Tnjstees. Responsibilitie5 Statement set out on p8g• 4, Ihg Iwstee5 (who are also
directors of the chaiitsble company for purpose5 of company law) are responsible for the preparation of the financ4al
statements and lot being 5atisfiad that they give a twe and fair view, and for such internal controls a5 they determine is
necessary trj enable the preparab.on of financAal statemet)ts that arè from material misstatement, whether due to fraud
or error.
In prèp81in9 the finanual statèments, th8 tru5t8è8 8Te responsible for assessing the Charity'$ ability lo t￿ntInue as a goitvJ
concem, (thsdosing, a5 applicabte. rnalter5 related to going con￿rn and using the going concem basis of a¢￿untIng unless
the trustees eiiher Sntend lo Iquldate the Charlty or to Cease operations, or have no realistic amemative t￿1 to do so.
Our rnsportslbllltle¥ far th• audlt of th• finanelal sfat•monts
Our objectives we to obtain reasonable assurance about whether the financial statements as a whol? are free from malerial
misstatement, whether due to fraud or error, and lo issue an auditorfs repert that indude3 our opinion. Reasonable
a$surance is a high level of assurance. but is not a guararrtee Ihat an audit o)nduded in aC￿rdanCe wrth ISAS (UK) wil
always delect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considerad
material rf. individu3ly or in the 8ggiegate. they could reasonably be expecied to infiuence the ecL)nomic decisions of users
taken on th8 b8515 ofth858 fmanual ststements.
In i¢Jentrfying and a55e5sing risks of material misstatement in respect of irregularities. induding fraud 8nd nowompliance
with laws and re9ulaticms, we considered the followng..
the nature of the indu5ty sector. control environment and chaiitvs pèrformance.,
resuh3 of our enquiries of management abouttheir ovm identification and assessment of the risks of irregulaTiies',
arty matters we Identifi￿ haviThJ obtained and reviewed the charitys documentslion of their.
polries 8nd proc£dures relath.ng to..
identfying, eva￿ating and cOMp￿.ng wrth laws and regulats.ons and whether they are aware of any InStan￿S of
non-cornpliance..
detecling and ￿￿￿)ndIng to the risks of fraud and whether they have knO￿edge of any artual. suspected or
glleged fraud..
thè intemal eontrols 8st8bllshed to mrtlgate risks of fraud or non-compllanc8 With laws and regulations.,
The maiters discussed among the audit team regarding how and vthere fraud might occur the finanaal
statements and any poten￿al indicators of fraud.
As a re3uh of these procedures. we conSide￿d the opportunities ond incenlives that may exist within Ihe organisation for
fraud and idenlrfied the greate81 potenb.al for fraud to bè in rèlation to rèvenue rpcognibon and management ove￿Ide whith,
in common wlh all 8udrts under IW (UK). we are requlred to perfomi SpeC￿e proeeduresto respond to this risk.
Page 6

Independont Auditors. Report lo the Mornborn of
Rydal Hall Limited
.. G￿￿n{led
We also obtained an understanding of the legal and regulatory frarnework thal the charty operates in, focusing on
provisions of those laws 8nd regulations that had a direct effect on the delenllinalion of material arnounts and disdosures in
the finanaal staternents. The key laws and regulations we considered in this context was the Companies Act. Charrttes Act,
pension legislation, employment law, tsx legislation and relevant health and safety laws.
As a result of performing the above, in response to the ti8ks identified. we did not idenl'fy any'key audit matters reLthd to
the potential risk of fraud or non-cornpliance with laws and regulations. In additson to the above. our procedures to respond
to risks idenb.fied induded the follomng..
reviewing the llnandal statemenl disctosures and leslng to supporiing dLrumentation lo assess cOm￿lance with
provisions of relevani18ws and regulafy'on5 described as having 8 direct effect w the financbal ststements,.
enquiring of management c(￿¢em1ng aclual and ￿onI181 lrtvJation and daim&
perfomiing analytical Procedures to identify any unusual or unexpeded relati¢)nships that may indi¢xte risks of
material mi3ststement due to fravd..
reading minutes of meetings of th03e charged vmth govemance, and
in addressing the risk of fraud through man8gement ovevride of controls, testing Ihe appi(wri8len838 of joumal
entn'es and other adluslments.. assessing whether the judgements made in making accounting estimates are
indutive of a polenlial bias,. and evaluating the business r8tionale of any $lgnlfi¢8nt tr8nsadKJns that are unusual
or outside the nomtal course ofthe charty's work.
We also communicated relevant identifi8d laws and regulations and potenlial fr¥ud risk¥ lo all engagement team rnembers
nd remained alert to any indications of fraud or non-compliance with law5 and regulationslhroughoul the audit.
A further description of ow responsibifities for the audtt ol the ffinancial statements 15 located on the Finan￿￿1 Reporting
Council's website at.. vNM.IrGoig.ukJwJditorsrespon*bilth'es. This desuiption fc*ms part of our audiiorfs
Use of our rgport
This ￿port is rnade sotely lo the Charit￿s rnembers as a body. in accordarTh with Chapter 3 of Part 16 of the Companies
Act 2006. Our audii woth has been undert8k8n so that we rnight state to the charity's Mernbe￿ those m8tters we are
required to state to them in an auditorfs report and for no other purpose. To the fullest extenl pwmhied by law, we do not
accept or assume respons&)ilty to anyone oiher than the chanty and its members as a body. lor OUT audit work. for this
report, or forthe opinion5 we have formed.
FIFfEEN Rosehill
Montgomery W8y
R05ehill Estate
CARLISLE
CA12RW
Faye Arm51rong (Senior Statutory Authtoi)
For and on behalfof Dodd & Co Audil Limited. Statulory
Auditor
Date."
Dodd & Co Audit Limried is 8ligibletO 8¢t as an audilor in tem15 of section 1212 of the Companies Act 2006
Page 7

Rydal Hall Llmlted
Consolidated Stalement of Financial Activities (including Income and Exp•ndltur• AGcountl for Iho
Year Ended 31 December 2023
UnrostFletèd DeBignated Restrlcted Total Funds Totsl Funds
Funds
Funds
Fund8
2023
2022
In¢ome and endowments from:
Donations and legacies
Rydal Hall Trading Limited Ir8diny 3divth"e8
Investments
ChadtaNe ￿tivit￿$
Other
Total income and endcmments
43.841
515.927
6.167
720,S14
43.773
1.330,222
12.464
56,305
515,927
6,167
720.514
43,773
1.342,688
11.148
467,943
3,198
798.247
42,543
1,323,079
12.464
Ex￿ndItUre on:
Charitable activtties
Total expenditure
1,406,722
1.406,722
833
833
1,407,555
1,407,555
1,501,954
1,501,954
Net expenditure before transfers
176.5001
1833)
12.464
164,869} 1178,875}
Tr¥nJfers
Ttansfers belween fvnds
127,5361
40,0
{12.4641
Net movernenl8 in funds
1104,036)
39,167
164.889) (178.875)
ReconcSllatlon of fund¥
Total funds brought fO￿ard
Total funds carried forward
1176,4061
1280,4421
1176.4C61
2.469
1241.2751 1176,4061
39,167
All of the Charty's activities derive from continuing operations during the above periods.
Th? not¢$ on pagès 12 to 24 fcwm an integral part of th8s8 finanad stalem8nts.
Page 8

Rydal Hall Limited
Company reglstratlon number: 02561024
Consolidated BalanGo Sheèt as at 31 DgG•mber 2023
2023
2022
Note
Flxed ass•ts
Tangible a55etS
12
141.988
86,044
Current a69et3
Stocks and work in pr¢8res
OebtOT8
Ca8h at bank and in hand
8,738
20,953
132.294
161.985
7.733
47,041
240,914
2￿.688
14
Credltor8'. Amounts falling du• T*lthln on• year
15
{344,6481
1357,5381
Net curront1Sablliti•s
{182.663)
(61,8501
Ngt IliabilitieBllassets
{40,875}
24,194
Th• funds of the charity:
Rg8trlct¢d funds
Designated lund6
Unr•strieted fund•
Called up share eapit81
Unrestri&ed incorne fund5
Totsl unrestdcted fund8
39,167
21Y),600
1280.442
200,600
1176,406)
179.8421
24.194
Totsl charty fund8
These accounts have been prepared in aeeordance with the provisions appficable lo companies subied to the small
comp8nies regime.
{40,675)
24.194
Approved by the Board on
ues
The notes on pages 12 10 24 fom an integral part of these financaal statement$.
Paye 9

Rydal Hall Llmtted
Charlty Balance Sheet as al 31 Docember 2023
2023
2022
Note
Fixed assets
Tangible assèts
Inve5trnents
12
13
141.988
141.989
Stod(s and work in progress
Debtors
Cash at bank and in hend
B.738
20.956
132.294
161,988
7.733
47.041
240,914
295.688
14
Cr•dltors: arnounts falllng due T+Vithin on• y•ar
15
1344,651)
{357.5391
Net Current Olabilitia5Va558lB
1182.6631
140,6741
(61.851)
24,194
Th• lunda 01 thè tharity:
Unrestricted fundg
Called up shaTe capital
UnTe51ricted income fvnds
Total unrestricted fund8
?￿,600
1241,2751
200.600
(176,406)
(40.6751
24,194
Tatsl ¢h•rrty fun
(40.6751
24,194
These Accounts have been PTPP3Ted in accordance with the provisions 8pplicatle to companies $ubJect to the small
Compani￿ regime.
No Slatern8nt of Finaniaal Activity is presented the charity as pemitted by Section 408 of the Companie8 Ad 20Lb. The
¢hÈnty posted a deficrt for the finanu81 year of£1W2.59412022- deficii of £213,846).
Apwoved by the Board on ! Ca.vl).'.4nd signed on its behalf by.
The notes on poges 12 10 24 fomi 8n integral part of these financil ststements.
Page 10

Rydal Hall Limited
Consolidat8d Cash Flow Statement for tha Year Ended 31 Oecomber 2023
2023
2022
Net cash provided by lui•d by) operating activities
Net expendtlure for the period
Depreciation charges
Lo88 on Ihe sale of frxed assets
Increase in stocks
De(¥ease in debtors
(DeC￿aSe)￿l￿cr88se in rreditor5
164,8691
33.004
2,838
11.C#)51
26,085
(12.887)
117.0361
1178.875)
17,992
(8341
62.254
72,502
(26,961)
Net ¢aJh provlded ty luged In) Inv¥8tlng activities
Purchage of prq)erty. pL8nt and equipment
(91,5841
191,5841
{44.530)
(44,5301
Decrease In c•8h
1108,6201
(71.4911
The notes on pages 12 10 24 form an inlegTal part of these finonc481 slalemenis.
Page11

Rydal H•ll Limilod
Notes to the Financial Statements for the Year Ended 31 December 2023
Accounting policias
Sumrnary Of s•gnificant acGountlng pollcles and key acCo￿tIng e•timate5
The prinapal accounting polirye5 applied in the preparation of thèsè finanri81 statements ale set ￿t bekvw. These
policies have been consistently applied to all the years p￿Sented. unless otheNse slated.
Statement of compliance
The financial statements have been prepared in 8ccord8nce with Att£•unting and Reportlng by CharilE8'. Statement of
Recommended Practice applicable to tharibes preparing their accounts in accordan¢e with the Financ4al Reporbng
Starmlaid applirable in the UK and Republic ol Iieland IFRS 1021 (effective 1 January 20191- Icharities SORP IFRS
1021). the Financial Reporb"ng Stsndard 8pplicable in the UK and Republic of Ireland IFRS IW21 and the Companies
Aet 200S.
Buls of prgp•ration
The eharitable comp8ny rneets the definib'on of a public benefft entity undèr FRS 102. Assels and liabiliiies a￿ Snltlgt
recognised at historical cost orlransaction value unless otheMse ststed in the relevart accounting policy notes.
Going concoTn
These fjnanThal statements have been prepared on a going concern basis.
The tnjstees assess whelher the use of going eoncem is appropriate i.e. whether there are any matèrial uncertainlies
reloted to events OT eondition$ Ihal m8y Cast sign[fi￿nt doubt on the ability of the Charity to continue as a going
¢oncem. Tho trustéès make this assessment in rÈspÉd of 8 period ol one year from the date of approval of the
finanoal statements.
Thè group is d8p8ndent on thè ongoing support of it$ Parent cherty, Carfi8le DioGesan B08rd of Finan￿ ICOBFI. in
ordeT to continue tradin9. COBF has forrnally confirmed such suP￿rt shall continue to be promded gnd on that basis
the chaiity remains a 90ing con￿M.
Fund a¢¢ountlng poll¢y
Unrestrirted income fund3 are general funds that are available for use al the trustees, disuetion in furtheran￿ of the
objecb"ve$ ofthe charfty.
Designated fijnds are unrestricted fl￿dS sel aside at the distrellon oftho tru8tee8 for specnlc purposes.
FLWther details of each fund are disdosed in note 20.
Page12

Rydal Hall Limited
Notes lo the Finan¢lal Slat¢ments for the Year Ended 31 December 2023
.. conlinued
In¢om¢ and endowments
Donations 8re recogni8ed when the Charity has been notifled in wiibng of both the amount and setuernent date. In the
event Ihat ? donatlon 15 subject to conditions that requiTe a level of perfoTmance by the Charity befom the Charity 1$
entiued to the funds. the income is deferred and not iecognised until either those conditions are fvlly met, or th¥
lulfilment of those conditions is whdly ¥￿thin the ¢onlrcA of the Charity and it is probable th* these conditions wiu be
lulfilled in the TepcKt￿g peri￿J.
Legary gfft8 are rpcognl$ed on a case by case basis followin9 the grant of probate when the 3dmini¥torlexecutor for
the e518te has Comm￿)icated in writsng both the amount and setllement date. In the event that the gift is in the fomi of
an as5el other than Gash or 8 finanaal asset traded on a recognised stock exchange, recognrtion is subject to the
value of the gth being reliaNy m8asLbred with a degree of reasonable accuracy and the trtle to the asset h8ving been
transferred lo Ihe CPLarty-
Income from Government and otheT gTEnts, whether'capit81' grants or'revenue. grants, is r8cognised when th¢ tharfty
has entitlement to the fvjnds, any perforniance condilions attach¢d lo the grants have been met, il is probable that the
income will be received and the arnount can be measured reliably is not deferred.
Invtt5fment income is recognised on a receivable ba$is.
Inc4)me from tharitable activities indudes incorne re￿gniSed as eame(I las the related good5 Qr services are
proirided) under wntsad.
xpendituie
abilmes 8rg re￿nISed as soon as Ihgre 15 8 legal or constructive obligation cornmitting the chanty to the
expenditure. All expenditure is acry)unlefJ for on an accruals basis and has been dassrfled under headings Ihat
aggregate all cos15 ielated to Ihg category.
Choritable expendTture ¢omr*4ses those costs incuThed by the tharity in the deSvery of Ils actNities and swvirx5 for its
beneficiaries. It indudes both costs that can be alICr￿le{l direcuy to such aCtN￿e3 and those costs of 8n Indirect
nature necessary to 5UPPOrt them.
Support costs
Support costs indL*Je ￿ntral functions and have been allo(xted to activity cost categorfes on a basis consthnt ￿Yth
the use of resources, for example. allocating propty o)st8 by IIDor areas. or per capiia, staff costs by the time spenl
and other costs by their usage.
I￿e¢0￿rable VAT
lffecoverable VAT is tharged against the Category of resources expended forwhth it incurred.
Taxatlon
The Charity Is ¢onsldered to pass the lesls s8t out in Paragraph 1 Sth¢dule 6 of the Finance Acl 2010 and therefore il
meets the definitson of a charitzljle cornpany fo¥ UK Corporation tsx puiposes. Accordingty, the Charity is polentialty
exempt from tsxation in respect of i1￿me or eapital gains received wthin ￿tegorieS covered by Chopter 3 Part 11 of
the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such
inccffle or gains are ￿p￿led exclusivelyto chÈritatrAe purposes.
Flx•d as8•t8
Indi￿dual fixed 8$$et$ costing £1ThJO or more ar• inilialty recorded at ¢osL
Page 13

Rydal Hall Llmfted
Notes to Ihe Financlal Statsments for tho Year Ended 31 De¢omber 2023
.. continued
Depreclatlon
O'ep¥ec4ation is prowded on tangible flxed #$sets so as lo wriie off the cost or vglualion, les5 any estimated residual
value, over their expected useful e￿t10M&¢ lrfe as foHows'.
Leasehold land and buibjings
Plant and machinery induding rnolor
vehides
Fixiurts, fftting5 and equipment
10 ye8[3 Btraight line basis
25% slraight lin8 basis or 10 years straigtrrt line bas1$
25% straight Ine basis cf 2 years slralglrt line ba51S
stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slcw moving stocks. Net
realisable value is based on selling pri￿ less ants"eipated costs lo cornpletion and sdling costs. Items donated f
resale or distribution are not included in the ffin8na81 statements until they are sold or distributed.
Tr•dg Dèbtor¥
Trade debtOTS Bre anwjunts due from customers for mer¢h3ndise 3old or services performed in the ordinary course of
business. Trade deblors a￿ ￿COgnised initially at the transoction price. They are subsequenuy measured at
amortised cost using the effective interest method. less provision for impairment A provision for the imp8imient crf
trade debtor5 is established when there is objective evi4Jence thdi the Charity wl not be able to collect al arnounts
due according to the original terms of the receivables.
Cash and Cash EquiYal8nts
Cash 8nd cash equivalents cornprise cash on hand and call deposits. and shcrt-lemi highly liquid inve8tmw
that are readity con¥ertknle to a kncwn amount of cash and are suty'ect to Èn insigniffic8nl risk of change in value.
Liabllltles
Trade creditors are obligationsto pay for goods or services Ihat have bèèn 8cwired in the ordinary course of business
from supplieTS. Accounts payable are dassffied as current liabilities if the Charity does nol have an unconditional rfght,
at Ihe end of the reporting period, to defer settlement of Ihe creditor for at least twelve months after the reporting d81¢.
If there is an unCOnd￿0nal right to defer settlement ￿ at lea3t trwefve monlhs after the reporting date. they
presented as non-current liabilities.
Trade creditors are recognised initially at the transacti￿ price and subsequently ￿asUred 3t amortised co8t using the
effe¢Xi¥e interest method.
OpeTatinB leas
Leases in which substantially all the risk5 and rewards of ownership afe retaineil by thp lesscy a￿ classified a5
operating leases. Rentals payable under operating leases are charged li the Statement of Finan(a81 Activitie5 on
straight line basis over the lease lenn.
Penslons
The tharity operates a deffin&J ojniribubonyension scheme. Contrsbution5 we charged in the $18tement of finanaal
adivities as they become payable in accordance with the Tules of the scheme.
Page 14

Rydal Hall Limited
Notgl to the Financlal Statements for the Year Ended 31 December 2023
.. CL￿1￿ued
Flnanclal Instruments
assets and finanryal liabil￿e$ are reGognised when the charity becomes a party to th8 ¢ontraclual provi510nS
f tho instrument Financial liabilities and equity instruments aTe da55ffjied 8ccording to the Substance of th8
conlrartual affangements entered into. An equity instrument Is any contract that evidences a ￿sIdUal interest in the
assels of the Charity after deducting all of rts liabilities.
All finanryal assets and liabilities are initially measured al transacbon price (including transadion costs). except for
those financial assets da5Stfied a5 at lair valuE through profrt or105s, which are initially measured at fair value Iwhich
is normally the tr8nsaction price exduding transaction costs), un18SS the arrangement con8tilutes a finanang
Ir8nsactTon. If oirwngornent Wnstilule5 a finanong transaction, the finanaal asset or financi81 li8kn1ty is measured
Bt the present value of Ihe future payments discounted at a market Tate of interest a similardebt instrumenl.
Financial assats and liabilitiès ar8 only offset in the stalement of finand81 posrtion vjhen. and cmly vknen there e￿$ts a
1898lly enf(xceablE rsght to Set off the recognised amounts aFKI the Chartty inlends eilher to setlle a net bass, or to
realiselhe as$•t and $8tU• th• liabilty simultaneously.
Flnand81 a$sèts ara der8cognised when and onty when al th? c(thcbJ81 rights to the cash flNs from the finandal
Bsset expire or ere settled. bl the Charity tran5fets lo another party substsntially all of the risks and rewards of
ownership of the financial asset. or ¢) the Chariiy, despite having retained some. but not al, significant risks and
rewartls of ownership, has transferred contrc4 of the asset to another paty.
Financial lialylities ate derecognis￿l onty when the obliualion specified in the contrad is (Jlscharged, cancelled or
expires.
Don•tloM and legacles
Unroetrlcted D￿l9n￿twd Re&trictsd Total Funds Total Funds
Funds
Funds
Fund*
2023
2022
Donation¥ and 1990¢1
Garden tours and donations
3.841
3,841
2.926
Grants
Govemrnenl giant$ r¢￿1v¥bI¥
08F
6,222
40.￿0
3,000
9,464
12,464
43.000
9,464
S2,464
Carbon Lake District Grant StheTne
40,000
8,222
43.841
12,464
56.305
11.148
Of the donations and legaciÉs income in 2022, £8.926 related lo unrestricted lunds and £2.222 related to reStri￿¢¢Y
fund&
Page 15

Rydal Hall Umfted
Not95 to the Flnanclal Statement8 for the Year Ended 31 De¢ember 2023
coml'nued
Rydal Hall Trndlng Llmlted tradlng a¢tlYlll¢$
Un￿trIthd D•5ignated Restricted Totsl Fund• Total Funds
Funds
Funds
Funds
2023
2022
Cottages
Pc*Js
Ythth
Camping and caf park
Sale of logs
Tea shcp
Yurt
Herdy huts
56,593
14.287
41,680
149,521
56,593
14,287
41,680
149,521
57,848
18,155
33.727
129.817
414
195.358
20,124
14.500
467,943
224,854
15,978
12,650
515,927
224,854
15,978
12.650
515,ty27
All of the other trading a¢Aivite5 income in 2022 related to unre8trided fvnds.
Investments
unr•8trlet￿ D￿￿gna￿d Restricted Totsl Fund¥ Total FundB
Funds
Fundg
Fund8
2023
2022
Interest on ￿8h deposits
6,187
8,167
3.198
I￿1 of Ihe investments income in 2022 related to unrestricted ffijnds.
Charftsble actSvltlè$
Unrestrict•d Designated Restricted Total Funds Totsl Fund*
Funds
Funds
Funds
2023
2022
BaT and H811 Shop takings
Miscellaneous receipts
Roorn hire
Hall
Miscellaneous
59.169
41.724
28.268
590.710
59,169
41.724
28,268
s￿.710
86,554
53,459
8,434
669,800
720.514
720,514
798,247
l of Ihe income from tharhtst4e in 2022 related to ￿n￿Str1ded fundB.
Page 16

Rydal Hall Limited
Notes to the Flnanclal Ststements for the Year Ended 31 Docomber 2023
othor
Unrn8tslcted Designated R•#trfctod Totsl Funds Total Fund9
Fund•
Fund•
Funds
2023
2022
Staff accommodation
Waterand hydrtrolecaric recapts
43,773
43,773
42.120
423
42,543
43,773
43,773
hjl c4 the other income in 2022 related to unrestricted knnd&
Page 17

Rydal Hall Limited
Not88 to the Flnan¢lal Statements for the Year Ended 31 Docember 2023
.. conllnuéd
Expend￿re
Rydal Hall
Trading
Charitsble
actlvlties
Totsl
2023
T¢)tal
2022
Dlrect costs
Food purchases- Adjusted for stodr
Employment Costs
Rent
Rates
Electricity. gas and water syste
Insuianre
Repairs and nlaintenance
Upkeep of gTounds
Garden Project general expendrture
Telephone and fax
Cotnpul¢r Software and rnaintenance costs
Printing. postage and stationery
Hire of plant and mathinery
Sundry expen8es
Cleaning
Management charges payable
Motor expense¥
Advertising
Bad debts wwitten off
Booking commission
62.488
215,713
133.964
596,852
1S6,452
812.585
180,920
848,377
45,000
9,439
95,804
22.240
113.273
121
5.511
8,158
16,849
5,986
6,143
5,315
39,069
8,000
503
9,930
3,849
30,315
10,667
52,170
5.539
43,623
15,350
S1,765
167
2,012
5,620
4,540
2,207
2,545
2.OS7
35.436
9,388
73.938
26,017
103.935
283
3,410
9,525
7.695
3.741
4.314
1,398
3,905
3,155
1,534
1,769
1,399
11,464
46.900
20
3.330
130
4,746
408.168
28
4,792
187
6.829
913,513
48
8,122
317
11,575
1,321,681
12,524
1,433,162
Support costs
Re¢ruilmenl costs
Staff training
Ch8pl8incy offer
The audit of the charitys annual aCco￿nts
AUdrtO￿. iemuneration- non audit wryk
Le9al and professonal fees
Bank Gharges
Depreciation of plant and mathnery
IProfrtlAoss on salè of intangible fixed assets held for
¢h3ritls own use
923
451
1,328
2,251
1,100
16,369
8,000
2,285
8,995
11,234
33,004
9,448
1,482
3,874
16,369
8.000
1,510
5,676
6.S29
33.004
2.636
775
3.319
4,605
3.125
15.792
11.729
17,992
10,073
75.801
85,874
66,792
418,241
989,314
1,407,55S
1.501,9Y
Of the expenditure in 2022. £1,499,732 related to unrestricted fiJnd$ 8nd £2,222 restricted. Of this, £1.068.982 rÈlated
to Rydal Hall Limited and £432,972 related to Rydal Hall Trading Limited.
Page 18

Rydal Hall Limited
Nots$ to tho Financial Stalements for thè Year Endod 31 December 2023
txnlN7ued
Goveman¢• ¢08t8
2023
2022
Auditors remuneratlon
Auditors remuneration. non audit work
Management fees
Legal and prOfeS￿onal fee5
8,000
2.285
5,350
3,125
6.000
15,792
32,267
8,995
19,280
Trugtoe6' remuneratlon Ond oxppnw•
No trust￿ any rernunwation or expenses during the year.
10 Not OXPonditur•
Net exp￿ditY[9 is stated after thaTgwig'.
2023
2022
Aurfrtors. Temuneralion- audit serwces
DepreCiatiC￿ of tangible fixed assets
Lossllprofitl on sale of intangi￿• f￿ad
assets
8.000
33,004
5,350
17,992
2.636
11 Employees. remun•ratlon
The rnonthly ¥verage number of person¥ Cindudiny senior management) employed ty the thprily du￿ng tha ￿ar was
as follvws..
2023
No.
2022
Rydal Hal
36
37
The aggregate payroll costs oflhese persons were as foltows..
2023
2022
Wages and salaries
Socjal security
Othèr p￿slon eA)8ts
699,433
53,991
59,141
812,565
751.596
48.221
48.560
848.377
No employee received emoluments of more Ihan £60,¢XIO durlng the year.
The key managernent personnel comprise the Trustees. The total employee beneffits of the key rnanagement
personnel of the Ch&ity were £nil {2022- £nill.
Pag8 19

Rydal Hall Llmlted
Note8 to the Flnanclal Statsments fot th¢ Year Ended 31 DeceTrknr 2023
conhnued
12 Tanglbl• flx•d a•s•ts
Group and charlty
Plant and
machinery
Flxtures.
L•as•hold l¥nd including motor fittSngs and
and bulldlngs
vehi¢leB
equipment
Cost
As at 1 January 2023
Addibons
Disposals
As at 31 DeceM￿r 2023
135,469
13,183
{62,275
86,377
26.354
40.7
12551
66.889
88.879
37,611
(14,5681
91,924
230.702
91,584
177,OSEI
245,190
Depreciation
As at 1 January 2023
Eliminated on disposals
Charge for th8 y&8r
As al 31 December 2023
93,224
{59,639)
9.117
42,702
17.515
33.919
(15.377)
20,623
39,165
144,858
174,460)
33,004
103,202
3,264
21.335
Net book value
As at 31 Do¢emb&r 2023
As at 31 DeTrmber 2022
43,875
42,245
45.SS4
8.839
52.759
141,988
13 Investments in sub•idi•rie$
The chanty hdds more than 2N oflhe share capil81 of the followng company.
Country of
Incorporatlon
Pri￿1paI •ctivity
ClaBS
sub￿dIary undertakSng8
Rydal Hall Trading Linmled
United KiThJdoTn
PrOvI￿r￿ of camp
srte facilities
Ordinary
1CiI
Capltal &
Profltlllos¥)
for the p?riod
Subsidiary undertaking
Rydal Hall Trading Limited
Page 20

Rydal Hall Limitod
Notes to the Flnanclal Statements for the Year Ended 31 December 2023
.. continued
14 D•btor8
Group
2023
2022
Other debttrr5
Pmpoymenls and accrued income
11.429
9.524
20,953
39,849
7,192
47.041
Charity
2023
2022
Other d•btor5
Prepaymènts and accrued ino)me
11.429
9,524
20,953
39,849
7,192
47.041
15 CredltOY8: Amounts tslllng du• within one year
Gro
2023
2022
Trath ¢reditor8
Amounts owed lo group undertakings
Taxation and social secJJrity
Other credilors
Accruats and deferred income
11,759
166,107
21,135
84,220
61,427
25,987
134,271
23.118
88.065
86.097
357,538
Charlty
2023
2022
Trade uedltors
Amounts owed lo group Un1kn￿ngS
Taxa￿fjn and soaal security
other credf(OTS
AGGn￿l8 and deferred incA)me
11,759
186,758
21,135
84,220
60,777
344,649
25.987
134.922
23.116
88,065
85,447
357,539
16 Sharn cwxtsl
2023
2022
Alloted, called up and fvlly paid Or(lin8ry £1 share capital
200,600
200,600
200.600
200.600
Page 21

Rydal Hall Limited
Notes to the Financial Slatements for the Y•ar Ended 31 December 2023
.. Con￿nt￿l
17 Capilal ¢ommitmentB
Expenditure conttscted lor but not provided in the financial statements..
2023
2022
con8tsuLth￿ work
Fire alaTh installation
24,685
11,662
11,662
24,685
18 Pension xheme
Defined contribution pgn8lon 8cherne
The tharty operates a deffined contribuiion pension scheme. The pension cost charge for the period rewesents
contribution5 payable by the chawity to the stheme and amounted to £59,141 12022- £48,￿1.
Ther•were no outsianding or prepaid contributK)ns at eitherthe beginning or end ol the finanrial year.
Page 22

Rydal Hall Limlt¢d
Notes to the Financial Ststemènts for the Y¢ar Ended 31 December 2023
contin1￿d
19 Relat•d partl
Controlling entity
c8rh.sle Dioce58n Board of Finance Limited (registered charlty) is the ultimate controlling party of both Rydal Ham
Limited. and Rydal Hall Limited's whdly owned tradlng sUbsid￿ry Ryd81 Hall Trading Lirnrted.
During the yeBr Rydal Hall Limited paid rent lo Cartisle Diocesan Board of Finance of £nil12022- £45,000) Ènd also
paid a managemerrtfre of£nil {2022- £8,000).
Carl8le Dio¢eson Board of Finance PTov*Jed grant fvnding to Rydal Hall in the period of £43,00012022- £nil)-
The balancg du8to Cadisle Diocesan Boar(l of Flnance al 31 December 2023 is £166,10712022- £134,271).
Durmg the year Rydal Hall Trading Lirniled committed to making a dongtion to Rydal Hall Limiied 01 £97,725 (2022 -
£34,971). The baL7nce due to Rydal Hall Trading Limsted al 31 December 2023 is £nil12022. £nil).
20 Analysis of fvnds
At31
December
2023
At 1 January
2023
Ineomlng Res¢urces
r¥8ources
exp•nded
Transfern
Genernl Fund¥
Unre5tr1cted Income fund
1176,406)
1.330.222
11.408,722)
127,5361
{280,442}
De8lgnatsd Fundg
Cabins
(833)
40,OCX)
39,167
R•stricted Fund8
Low Carbon Lake Distri¢A Grant
Scheme
Carflsle DBF
9,464
3,000
12,464
19,4841
3,0001
112,464)
{176,406)
1,342.686
{1.407,555}
1241,2751
Cabin$- Funds received Ircyn DBF vjhith has been used to fvnd the purchase of 3 c8bins. The trustees have agreed
the designated fvnds will be fed back to unrestricted funds inlinewith depreciab'on.
L(w Carbon Lake Distsicl Grant Scheme- Income recer4fed ￿$tn"cted to fund the instsllalion of solar panels.
Carlisle DBF- Ir￿D￿e rerxNed restricted lo fund the installation of sdar panels.
21 Tran•fern
During the year, £40.(KIO has been transferred from unre5triGte(I funds to designated funds for the Purchase 013
cabins. The cabins were purchased in the yew and the trustees have agreed thg deggnaled funds wll be fed back to
unrestrfcted funds inline with depreaation.
£12.464 was tr8nslÈrrèd from restricted to unrestsicted in rglgtion to the purtha5e of solar panet& Cknce instslled. Ihè
re¥tri¢tion on the grnnt funding was 381i3fied and therefc*e Iranslerred to unrestn'cted funds.
Page 23

Rydal Hall Llmlted
Notès to the Flnanclal Statoments for th• Year Ended 31 Do¢frmber 2023
.. continued
Prior pgriod
At1
January
2022
Incoming
resources
Resou￿$¥
expended
At31
December
2022
General Funds
Unrestiicted income fund
2,469
1,276,737 11.457,6121
(176,408}
Restslctsd Fund¥
DWP
2,222
12,2221
1.280.959 (1,459,834)
2,469
1176,41A)
22 Not assets by fvnd
Unre•trlet•d
Funds
Total Funds
2023
Totsl Funds
2022
Tangible assets
Current assets
Creditors.. AmL)unts falllng duewthin one year
Ordinary share capital
assets
141,988
161.985
1344,648)
I200,6￿)
(241.2751
141.988
161.985
1344,6481
12C#),6001
1241,275>
86.044
295,688
1357,5381
1200,600)
(176,406)
Prior perlod
Unrestricted
Funds
Total Fund•
2022
Tgtal Funds
2021
Tangible 83sets
Current assets
Creditors.. Amounts fallng due within one year
Ordinary shaf8 capital
Net ossets
88,044
295.e88
1357.538)
1200.6OJ
1176,4rA)
59,508
426.1)01
(282.4381
1200.6001
2.469
295.688
1357,538)
1200.800)
1176.406)
P8ge24