The Devenish Bradshaw Charitable Trust Report of the Trustees and Financlal Statements for the Year Ended 31 March 2024 Charity No: 1177823
The Deveni5h Brddshaw Charltable Trust Index to the Financlal Ststements For the year ended 31 March 2024 Contents PaEe Legal and Administrative Details Report of the Trustees Report of the Independent Examiner Statement of Financial Atti¥itie5 Balance Sheet Notes fomiing part of the Financial Statements io
The Deveni5h Bradshaw Charitable Trust legal arml Admlnlstrntive Detsils For the year ended 31 March 2024 CHARITY REGISTEREO NUM8ER 1177823 TRUSTEES Davld Burton Samantha Gill Sue Gallagher Duncan Scott Amy Whetstone Jane Wilkin50n Dr Margaret Sims Hilary Phillips Tracy Standlsh resigned 30 November 2024 resigned 31 Ortober2024 resigned 7 April 2024 resigned 31 October 2024 appointed 20 February 2024 appointed 25 June 2024 appointed 25 June 2024 OPERATIONAL ADDRESS 12 Manor Road Salisbury spi ijs ACCOUNTANT AND INDEPENDENT EXAMINER Simon Ellingham FCA DChA Fawcetts LLP Chartered Accountants Windover House, St Ann Street, Salisbury, SPI 2DR Barclays Salisbury SOLICITORS Wilsons Alexandra House Salisbury SPI 2SB Page I
Tru51ee Report Forthe yeJT ended 31 Marth Z024 The Trustees present their Annual Report and Accounts for the year ended 31 Marth 2024 which have been prepared in accordance with Accounting and Reportlng by Charities- Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicablè In the UK and Republic of Ireland IFRS1021 leffettive l January 20151. STRUCTURE. GOVERNANCE AND MANAGEMENT The charlty is constituted as a CIO reglsterert on 4 Awil 2018 arsd amended on 12 May 2021.The charky Is operated by Its trustees who meet periodlcally. New truste are recruited from among people who have an interest in furthering the aitns of the trust. Wtth a view to ernsuring that all the rtecessary competencie5 are represented on the trustee body. RISK MANAGEMETrir The trustee5 confirm thal thpy have reviewed the risks to which the Ctharty 15 exposed and they have implempnted policies to mitigatethe rÉsk5 which tlw have identified. OBJE7vEs AND ACtIVlTIES The obletts of the CIO are:.111 to pserve. conserve and protect the land knowl) a5 the Water Meadows. In Laverstock I'the water meadows"), 3nd its chalk valley riverine habitats-121 to adva the education of the communlty in Laverstock and the svrrounding areas. in aErTrculture, horticulture and eftvironmentally-based educational projects conceming the preservati(m. conservation and management of the water meadow5,'131 to provide or as51St in the provision of facilities for recatIon or other1eisuTe time occupation for the beneflt of the public in the interest of their social weSfare,'141 to advance, promote or carry out such other charftable purp05e5 as the charity trustees In their absolute discretion from time to time think fit. ACHIEVEMENTS AND PERFORMANCE INCLUDING REPORnNG ON PUBUC BENEFIT The following notable achievements and evidence of performance were made in this reporhng year in pursuit of our charitable Objecrlves and corresponding Management Plon Alms ènd Acbon5. Charituble Objective l.. To preseThe, conserve andpRDtettthe lundknown ¢is the Water Metjdows in L£Tverstock ond its chalk vulleyiyverine hubitats. Monagementplun Aim.. To monoge e(7ch of the habit(rts present on the eodow5 to promote theirbiodivetsity. Restor17tson oAwildfiowerfichJloodploin 9rosslotnd5. Artlon- Implement the octions in ourHigher fier CoufttrysideStewurdshipAgreement worknng closely with our cattle ijnd sheep gmziers our volunteer teoms, undcommunity organiststions. canwnq outprGCticol ¢onservation work to help odjieve the olm5 of the Higher fierAgreement- on aoing murt()gement which involves restoring the w(rter-meodows under the agreement toflonsti¢¢Flly diverse wildfiower meodow5 through a mixttsre ofgruzing by cattle sheep and hoy-making. The najority of the meadows were grazed extensively this year wrrith limtied hay-making taking place. Indlcator wildflower SPEcles were recorded in all grazing units and we ensured there was a good mix of grassland structure across the Agreement area. Some topping of weed spe(ies was carried out but attention to grailng mana8ement ensured weed speciès were kept at low levels. Page 2
For the year ended 31 Marth 2Q24 ACHIEVEMENTSAND PERFORMANITr INCLUDING REPORnNG ON PUBUC BENEFcontinued Woodlarxl Actlon- Encouroge the retentm of deodstonding trees andfvlle timberasperthe ft01 Forestrysociety ouidonce. We have ensured the malorlty of ourwoc#Jland habitat has dead standlng trees and fallen timber presenl particularly irb our riparlan woodland by the river. Where trees have f311en ontD fen lines or access infr3structure. we have deared a minimum amount of thefallen timber. Artlon- Carry outon 17nnuolvisualbeonh ondsafvycheck t7n olitRe5 nearpothsfvllowing the NotionLTI Tree Softty Group/Fore5try Cornmisslon Re5eurch 6uide-'Common 5ensensk mnogementoAtree5'to ensure tree 5ofety, to monoge trees to oproportionuteknl to thelow rfskpresentedby wlnd-blown tree5 ondbrnnches to vi&tor5 to thesfrre. We carriÈd out annual visual health antl safety checks. Actlon- Checkpoths ofvrstorm conditi1$0dternp0mrIty05epothS where 4wodblown teS presento medium to high iisk to sitOrs. We proartively checked trees In areas next to public and perrni%si¥e paths following period5 of extreme weather. Aftlon- Extendscottered treesondshrnbs in wotermeodowslringing the river. This "montle trndsoum. typE habitutls e5pecffully richfor wildlifr ond willLTlsoenhon¢e the landscope volueof thesite byportitJllys¢reening the houses inLoverstockandfvnge thenver to theEost We ha¥e118htly grazed this habitatto encourage a scrub grassland m05aiC to develop. Underthe terms of our Countryside Stewardship agreement prescription for rhe5e areas weare committed to ensuringthai the bulk of the area is flower rich Erassland wtth the followin£ structure= "Manage the area of grdsslaml to the ea5tem eJKI of the fields adjacent tothe rTrver (IS% of field areal by late summergra2ing18fterthe 30 June only, to achieve a mosaic of toiler8razed gsSIad wlth are3$ of shortergrass mostly between 5-15rm and tallertussocks which may be Ver 60 (rn. in thi5 Context thÈxattered shrubs that colonise aTr 5Een as rM)sitlve featuros providing they are maintained at a low level Ile55 than c 5 N of total areal. Actlon- Monoge larye willows in drtches ondrivetslde through pollurding (tt5perHigher fierAgreement to irtcreose light to ditches. IncreGsedlight to the tempororypoolsfomjedin theditches wNllcorre5pond wlth increusedfre51Jw¢7terlrfe. Pollorded tree5havehigh cul£urol ¥vlue und vIennnce lIlandScape vulueof the slte. No mana£emerrt was carried out towarijs this action this year. Rlver Actlon- CreLFte bufferstripsbetween 9m2ingmeod(nvs ondriver t0dUCed¥S1urftoM dogs. The buffer areas we have estsbli5hed are 5UPPOrtin8 ineasIng numbers of bird and insect life. of breeding sedge warblers have rI5en from onE to SLY pairs a Great White EEret was corded passing throu8h the Meadows. Increased numbers and diverstty of buttefflies and other inseci species recorded in the course of newly established ttterfi¥ transects through these habitsts. Gtsss snakÈs, liiards and otters recorded on a numberof occèsions. Adlon- Lirjise with otherloculrNerowners undenvimnmentoloryonisotions topmmotepositive coreJorthe river ondreduce negotNe impoctse.g. dumping of gru55 dippings in tIrIver. We held comrnunity events in£ludin8 river dipplng artrvities on our restored river dipping platform to raise awareness of the river. We succe55fulty applied for funding from Laverstock and Ford Par15h Coundl and Wlltshire Council Area Board for funding fora Sen50ry Path that will interprÈtthe btodiversityof the water-meadow5 and river and pYov(de access for all to our river dipping platfomi to experien chalk stream wildlife. Page 3
The Deven15h Brad5hawCharitable Trust Trus Report Forthe yearended 31 Marth 2024 ACHIEVEMENTS AND PERFORMANCE INCLUDING REPORTING ON PUBLIC BENEF continued Actlon- leovefallen trees in the river- It IS U statutory offence ond t7 potentially domuging operutlon to remove treeslrom the river. The Environment Agency 11 asses5 fallen trees for p)tential fid risk and remove them sensitively if required. However, in the majorlty of cases on our stretch ot the river fallen trees will help slow the riverflow and reduce the risk of floodin8 as well as providing essential habitat for fish. water birds and other river life. We completed thè restoration of Quf liver dipping platForm carried out Sensitive managemènt of trees in o)ur river to ensure our stretch of the rtver is optimum quality in temis of naturalne55 and ecoSogical funttloninB. Meadtsws Actlon- Restore wildfiower rlch meGdow5 und/orwildfiowerrich grozed wetgrusslond. We secured more land through land purchase which inEludes valuable wildflower rich meadows. Hedgerows Action- Maftntain existing hedges ondscnjb. We havè carried out wub and hedge maintenance by coppicing and trimmin& This work contlnues to imprtwe the aesthetic value of our land for visitors and provide a boost for wildlife. ActSon- Loy 5hortstretches of hedgerowulong pemiisswepaths. We commenced laying of short stretchés of hedgerow along Cow Lare helFod by skilled I[aL hedge layer5. We have received numerous positive feedbadtfrom visttors to the water me3dows forthis work. The appearan of the Brown Hairstreak butterfy on our hedgerows is testsment to the effectiveness of our hedgerow rnanagement. Action- PIG*nt up hedgerow5 ondshetterbelts with native Shb5 and trees wherenecessury. We carried out weeding maintenance tD our CPRE funded hedEe. The Alder hedge trees a establishing well. Actlon- Leuve ot leastu 2m uncut morgin olongsidehedgemws when huymking. Either ajt hedge murgin in August orbi-onnuolty on rothtlon. Hay maklng was carried out in Top field only due to the verywet conditions Im the water-meadows this year. Attion- Mt7n(Jge ureas of blackthorn on rotabonfvrbmwn hairstreuk. Trim hedge5 only once every 3 to 5 years and do not CLrt all the hedges in any one area in the same year- on golng. WÈ continued this rotational management of blackthorn in Top Field utilising the power tools and hand tools purchased frtsm Covntry%de Stewardship Area PaYent fund5 as previously reported in"Hedgerows section. We were rewarded with the relurn of this rare species of butterflyto the water-meadows. Chatable Objertlve 2- To udvonce the educt7tion o_f the communtty in L(yverstock undthe surrounding t7reus, in ogrftculture, horticulture ond environmentallybasgd educotion projects concernffAJg thepreserrfution, conservtition andmonagement of the Water Meadows. Manazement Plan Aim". To improve the knowledge of the import¢7n ondbiodiversity vulue oldownlqnd wuter meadows to the local community through intEret0tIO undpublic enqogement. Actlon- Insttsll welcome/informotion signs ljt mojorentrypornts to the site. We mèintained welcomelinformation signs installed in previous planning years. We installed a plinth with Drientation map along and secured fundinefor easy access gates induding an access gate with RADAR key at one tsfthe entran$ to thè water-meadow5from Cow Lane. Page 4
The Deventsh Bradshaw Ctharftable Trust Trnstee Report Forthe yearended 31 Marth 2024 ACHIEVEMEPM AND PEftFOftMANCE INCLUDING REPORTING ON PUBUC BENEFrr continued Actlon - Seekfundln9fvrsensitive lowkeyon-site interpretution highlight¥ng habitots ond wildlife svppt>rted by themeodows. We prepared grant application5 to provide ftjrther sensitive l¢Jw key on site interpretstion. Actlon - Put on o progromme of events witfi other l(>calenvironmentalorgunisations to engoge and inform the locol community. We hosted educational access $ItsfOr5thQO1rOUps and community groups run by Rlver Bourne Community Farm. We also hosted local WATCH attivitie5. Our weekfy Saturday morning volunteer work parties included educatlonal activities for our volunteers. particularlyvolunteers completing their Duke of Edinburyh Award volunteering Wlth us. Wè ran Community Events most month5 of the year incluUin8 an Open Farm Sunday event. We invited local community organi5ations to plant a trèe in our communtty orchard and have had a very strong response lovertwenty community organisations supporting the project). Attion- Produce educotlt>nolpacks desi9nedfordrfferent oge groupsforuse by schools undyouth groups. We promoted our new chalk stream trail leaftet produced in partnership with the Wessex Rivers Trust and Laverstock and Ford Parish Council to communtty and education group5. Actlon- Liaise with neighbouring properties overour manogement of meudows ond the riverund encoumge adoption of positfve munagement prort15 thut enhonce the river. Planned for 2024-2025. We carrted out partnership activitie5 Wtth the following ortdnisations in pursuit of this objectlve.. Salisbury Distrirt Natural History Society. Ajdertjury Scout Group, LaVer5k Scout Group, Salisbury Wlldlife WATCH group. ChatsbIe ObAertive 3: To provide orassistin theprowsion offoolltle5forrecreotion oy otherleisure time occtspotFoRpfor the benefit of the publicin the interest of their501 welfare. Management Plan Alm: To promote and sensitivety manage public usage of the stte. Action- Put in grant applications to fund improved acce55 and interpretation infrastnjcture. potential including a cycle path constructed from board walk and unbound a8gregate surfaces. No further progress with this action for this reporting year. Actlon- Enhance infrastructure and management pri*ediJres for educational activities delivered by others including River Bourne Community Farm. Woodstock Therapeutic Centre. UBA Nature at the Farm and Two Blrd Experiences. We completed our stOratIon of dipping platfom/vlèwing area and have installed improved access to Willow Copse for these and other grDUPS to utilise. We are reviewing this action in our management plan to ensure we provide inclusive use of the water-meadows in an equitable manner for all local community and education groups. Charitable obJecte 4- fo advonce. promote orct7rry out such otherchurtitable Purposes tt5 the charity trustees in their obsolute discretionlrom time to time thinkfft. Management Plan Atms: To ensure the locÉ71 watermeodows orassoaotedlond is monoged us according to the oret7'5 5tt7tus of SAC S551 t7nd/or Protetted Hubitot. Actlon- Seek to acquire or mano9e odditional water meodows ond other high environmental value landwithin the Iocoi (Jreo. We tompleted purchase of a new tsact of land composed of chalk stream SACISSSI, water-meadows and wet wood12nd this Financial Year. Page S
The Devenlsh Bradsh•w ChaThable Tn Trustee Report For the ar eftd 31 Marth Z024 Respon51bilhles of the Trustee5 The trustees are responsible for preparing the Trusteeg Annual Report and the financial statements in accordance with applicable law and UnÉte(l Kingdom Accounting Standards (United Kingdom Generally Acopted Accounting Practlcel. The law applicable to tharities in England & Wale5 requires the trustees io prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incomlDB resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to- selert suitsble accounting 1cleS and then apply them consiStent,- observe the methods and principles in the Charrties SORP 2015 IFRS 1021- make judgements and estimates that ore reasonable and prudent,. state whether appllcable accounting Stsndards and statements have been followed, subject to any material departure5 disclosed and explalned in the financial statements.. and prepare the financial Statements on the Boing concem basis unless it Is inappropriate to presume that the Charity will continue in operation. The trustees are resw)nsible for keeping proper acwunting records that disdose with TPaSonable accuracy at any time the finawal wsition of the charlty and enable them to ensure that the financial statements comply with the Charities Act 2011. the charitie5 (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the a55ets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on and signed on their behalf by fv4.. David Burton Page 6
Fortsyearebwled 31 Marth 20Z4 I report to the charltytrustees my enI]¥th)N ot the accounts of the £Fwlty for the year ended 31 Marth 2D24 whlch are set out Dn pages 8 to 13. M8sponslbHhl05 and b#sts of Yoport As the charltrfs truste•s you are respon%ble or the preparation of the acwunts kn acctydance wlth the requ1MerI ofthe Chariues Act 2011 (kne ACV). I report in re&pect of my examlnation of the chartys accounts c3rrled t urtder 5ettlon 145 of the Art and In ¢arrylng out my examlnatlon l Fwve fulld all the appllcable Directlons elven by the Charlty Commlsslon under 5ectlon 1451Sllb} otthe At Indopendent examin£¢s a•tement I have Completed my ex3mlnatlon. I conflrni that no materlal matter5 havecome to my attentlon in connection wlth the examlnatlon glvln8 me Uset0 bdlevè that in any materfal re5kfCt accounting records were not k411 In rpect of the charftyas rewired try5[0 130 rlthe Art or the accounts do not XOTd wlth thoserewrds.. or the accounts do rKJt tomply with the appllcable requirerTreTrts Can(1 the form and content of accounts set ot In the chèlttS IActouJ)ts and RewKts) RegvlatlorG 28 gther than any reqUIrEnt that the aCts gfvèa 'trne and falrwev/ whlch 15 nrt a mattw considered a5 partof an 1fidepdent èXamlnan. Slmon Elllngham FCA DChA Fawcetts LLP Chartered AccountaTrts Windover House, St Ann street. Sallsbury. SP12DR Date.. 22January XJ25 Page 7
Ftythe 24 IIX(IMEAND EXPENtiruR£ yal INcfAIEAND END(g•IMElll5FMJM: 53946 14A69 Bk it)ierest Other iwme L612 Totsl thtoma 53,946 thtsb{e at&dltlBS 6.710 18 169 Swporttosts l391 IB9I IW74 8,161 18,412 IEXPENDrnJH•[WKDME IIA741 47 Il3281 TnSfer$ brtweefft fd9 11.8741 47.659 3281 RKnlKIIATIOII OF FI 4067 195 Totallunds bro frnrd ToTALFUl QIRWEDFOIIWARD 47,659 All of the Bbove results dwNed frrATr Ikgre 0th8r 8•lrts or t05W OtIErthan those stated Comparatl¥BfwJresfttrthe wirtstrfctedu restrktedfvnds are¥hwnin tsotrl ThenDtEsfon p¥t0fthe5EfinancIsI1tÈrnertS
The De¥entsh Bradshaw Charitable Trust Balance Sheet As at 31 Palarth 2024 2024 2023 Flxed assets Tangible fixed assets 94.229 Current assets Debtor5 Cash at bank & in hand 6.583 4,D67 6.583 4,067 Credltor5: amounts falllng due wlthln oneyear 50,960 Net current {liabilitiesllassets 144,3771 4.067 Net assets 49,852 4,067 The Funds of the Chaiity Restricted funds Unrestricted funds 47.659 2.193 4,067 Totsl Funds 49.852 4,067 The Trustees acknowledge their responsibilities for= lal ensuring that the charity keeps proper accounting records,. and Ibl preparing accounts which give a true and fair view of the state of affairs of the charTty as at the end of the financial year and of its profit Dr loss for the financial year. The accounts have been prepared in attOrdan with Accounting and Reportbng by Charities= Statement of Recommended Pr3ttice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20151. Approved by the Trustees on and $4gned on their behalf by Davld 8urton Page 9
The t)eventsh Bradshaw Charftsble Trusl Notes to the FiTrandal Ststements For the yearended 31 Marth 2024 l. Accounting poliiie5 Basis of accounting The charity constite5 a public benefit entity as defined by FRS102. The accounts have been prepared in accordance with Accounting and Rewrting by Charities: Statement of Recommended Practice applicable to charsties preparing thÈir accounts in accordance with the Financial Roporting Standard applicable in the UK and Republic of Ireland {FR51021 leffective l January 20151. Taxation No tax is provided for a5 The Devenish Bradshaw Charitable Trust. being a charty. is exempt. Because of it5 current activities The Devenish Bradshaw Charitable Trust is not registered for VAT and therefore cannot recover VAT on its expen5e5. Funds accounting General funds are unrestricted funds available for use at the discretion of the trustees in furtherance of the general activities of the charity and which have not been designated for other purposes. Restricted funds are to be used for specified purpose5 as laid down by the donor or which have been raised by the charity for particular purposes. Incomlng resources All incoming resources. including legacies, are recognised once the charity has erbtitlement to the resources. it IS certain that the resource5 will be reived and the monetary value of incoming resources can be measured with sufficient reliability. Resources expended Liabilities are recognised as resources expended as soon as there is 3 legal or con5truttive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and ha5 been classified under headings which aggregate all costs related to the operating artivities of the charity. Grants ere recogn15ed when any conditions necessary for payment have been met. Charitable activitie5 comprise all the resources applied by the charity in ¥Jndertaking its work to meet rf(s charitable objectives. Flxed a55ets Tangible fixed assets C05ting more than £l,(m are capttalised and are included at cost. Depreciation 15 alculated at appropriate annual rates estimated to write off the costs of fixed 35set5 le5S their estimated residual value uver their useful INes as follows: Equipment 33% on a straight line basis Freehold land is not depreclated. Judgements and key sources of estimation uncertainty The preparation of the financial statements requi$ management to make judgements, estimates and assumptions that affect the amounts rewrted. These estimates and judgements are continually rewewed and are based on experience and other fartors, intluding expectations of future ents that are believed to be reasonable under the circumstances. No signtficant judgements have had to be made in preparin8 these financial Statements. Page 10
The Oevenish Bradshaw ChaTltable Tvust Note5 tt¥ the Financial Statements Forthe rendEd 31 March 20Z4 2. Vojuntary Income Unrestricted Restrirted Total Total 2024 2024 2023 Grants 8,946 40,((JO 5,000 14,469 Donations P Bradshaw M Shallcr0s5 53,946 53,946 14,469 3. Dlrect costs of the tharity Unrestricted Restricted 2024 Total 2024 Total Preservation and maintenance of the meadows and rlver banks IuranCe 6.287 6.287 483 498 18,243 6,287 6,770 3. Support ¢0sts The tiust incur5 a number OF costs whith are used to support its mission generalty and which are not directty applicable to its charitable function. These costs are.. Unrestritted Restricted Total 2024 Total 2023 Bank char8es Sundryexpenses Independent examiner's fees Cost of trustee meetlngs 102 329 102 329 154 15 1,391 1,391 169 4. Trustee remuAéTatioft and related paTtytransactions No trustee received any remuneration during the year. No out OF pocket expenses were claimed bv trustees12023 £Nill. No trustee had any personal Inte$t in any contract or trdnsachon entered into by the charity- Page 11
The Devenlsh Brndshow Charltable Trust 14otes lo Ihe Knandal Statements For the year ended 31 March 2024 T8nEiblefixed asset5 Freehold property Totsl Cost At l April 2023 Additions Disposals At 31 March 2024 1.229 94,229 94.229 94,229 Depreclativn At l April 2023 Charge for the year Eliminated on disposals At 31 March 2024 Net book valu¢ At 31 Marth 2024 94.229 94,229 At 31 Manth 2023 Induded in cost orvaluation of freehdd property i% freehold land of 94,22912023: £NIII whlch Is not depreriated. l fixed assèts are held for the directfurtherance of the charity's object5. 6. Dèbtors 2024 2023 Taxation recoverable in respect of donatn5 made under Gift Aid 7. Llabilities: Amounts falllng due within one year 2024 2023 Accruals Loan 50,000 50,960 8. Commitments The charity had no capital commitments at the year end. Page 12
The De¥enish Bradshaw Charltable Trust Ilotesto the Fknandal Statements Forthèyèar ended 31 Marth Z024 9. MOVEMENT IN FUIIDS Stattrmentoffvnd5 Balan*t In¢omlnB Transfers toilfroml Balarte at 31324 Re5trfcted f1 Land purchase Water meadow and grasdand mana8Èment 4$.)0 45.000 2,659 47,659 6,287 6,287 53,946 Unrestrlcted fvnd5 General fund 4j7 1.874 2.193 TOTAL FUND5 4,067 53.946 8,161 49.852 Land purchasÈ- this relates to funds donated to assi5twtth the Purdse of water meadows at iaverstoc WatÈr meadow and 8rassland managemert- lh relatesto grants received to asslst wtth the management of the meadows. 10. knafy$15 of tiet assetsbetween lun& Net curreTht assets] Ilfatslili¢sl assets Total Restritted funds Unrestricted funds.. general reseThe fund 45,0(M) 49,229 2,659 147.0361 47,659 2,193 Net assetsasatthe end ofthvyear 94.229 144,377) 492 Comparative analysis of nel assets between fund5 forthe year ended 31 March 2023: ¢urrent Totsl Restritted fvnds Unrestrided fund5- general reserve fund 4.(i67 Net 8$5ets as at31 Mar¢h 2(riJ 4,067 Page 13