Registered number: 11201248 Charity numbcr: 1180228 MESSENGER OF SAINT ANTHONY UK (A Company Limlted by Guarantce) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
MESSENGER OF SAINT ANTHONY UK (A Company Limited by Guarantee) CONTENTS Page Reference aDd Administratiye Details of the CompaDyy its Trustees and Advi$ers Tru8tees' Report IDdependent Examiner's Report Statement of FIn74claI Activiti¢s Balance Shttt rqotss to the FiDan¢i&l Sthtemellts 8-14
MESSENGER OF SAINT ANTHONY UK (A CoThp#ny Lirnited by Carantee) REFERENCE AND ADMtNISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Mario Conte, TNstee Kevin Roy Grant, Trustee GiorgÉa Sartor4 Trustee Giancarlo IAmengo, Trustee Gerard Thomas Mary Hanley, Trustee Liam Patrick Redmond. Tstee Kate Elizabeth C&8tellani, Trust¢¢ Company Tegi5tered umber 11201248 Chority Ytgister¢d thuThber l180228 Regl$ttred offict clo Slig Law LLP Temple Chambers 3-7 Temple Avonue J,ondon EC4Y ODA Aecomntants Soteriou Bonerii Chartered Accountantg 253 Gray'8 Inn Road London WCIX 8QT Solleltors Slig Law LLP Temple Chambers 3-7 Temple Avenue London EC4Y ODA Ind¢pendent Examiner Mercer & Hole LLP 21 Lombard Street I,ondon EC3V 9AH Pag¢ I
MESSENGER OF SAINT ANTHONY UK (A Company Limiled by Guarntttee) TRUSTEES, RFPORT FOR THE YEAR EINDED31 DFCEMBER 2023 I'he Trustees present their annua] report togethcr with the fmancial sÉateinents of the company for th¢ year end¢d 31 December 2023. Tho Trustees confirm that the Annual Report Ld fll)anci&l statements of the company comply with t])e current statutory Tequircmct)ts, the requirements of the colnpany'g governing documenL th¢ Companies Acl 2006 atLd the provisions of the Statcment of Recommended Practice (SORP), applÉcable to charities preparing their accounts in accordance with the Financial Reporting Stsndard appliLable in the UK and Republi¢ of iretalld (F% 102) (efft1v¢ I January 2019). Objectives Aetlvltles a. Polieles and objcrtlves The company is established as a charitable eompany to projnote and advance the Christian faith in sympathy with the ethics and tchingS of saint Anthony of Padua and to further such other purposes whi¢h may be charitable aOrdIng to th¢ law of F.ngland and Wale6 as the trnStee5 se¢ fit from time to time. b. Activltley undert¥4ken to aehieve obj¢¢fiv¢$ The company will achieve its objectives by digtributinu) educational rnaterial, sp¢eifLcally a magazine, and making grants tt) charitable projects particularly in En¥land alld Wales but d]so in the rest of the world witb tbe aim of relieving pov¢ty and advancing he41th. education and community d¢v¢loptnent. Aehlevements and peTformwn¢¢ Flnaneial revieiv o. Golng eoneerD After making appropTiate enquiries, the trnstees have a reonable expectatiDn that the company has adequate resources to cimtinue in operational ¢xi¥t¢nce for the foreseeable future. Thus the trustees continue to adopt the going concern b15 of aecounting in preparing th¢ fjnalleial statements. b. Ineome and expenditure The Company r¢¢eived it)come from donations which, includ8 Gift Aid, amounted to £465,704 (2022.. £428,806). During the year the compatLy spent £275,753 (2022.. £285,152) on charitable activities and £117,386 (2022.. £111,295} th) governan¢¢ ¢usts. Including investmenl incom¢ of £Nil (2022.. £Nil} the net income of the cornpany w&$ £72,565 (2022: £32,359). Th¢ Trustees will consider how best to apply these funds for charitable purp05CS. In 2023 charitable exponditure OJL specific projects was £190,000 (2022.. £195,000). -I'he expcndithre comprised.. £50,000 grant to the Pisap FMC AecoglienTa Pellegrini for the Sr. Anthony Basilica Pilgrim reception program. £20,000 to the Cardinal Hume Centre Emmigrdtion Advice Servi¢e, payrnenÉ5 to Caritag Sant.lton10 of £IOO,000 for medical cquipment and housing and edu¢ation in Illd attd Kenya and £20,000 to bmc Messaggero di Sant Antonio Editrice to fund the St. ADthony's life exhibition. Page 2
MESSENGER OF SAINT ANTHOIYY UK (A Cornpany Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial position At 31 Dccember 2023 the Company had cash at bank of £619,144 (2022.. £609,278) and debtors of £23,788 (2022.. £22,434) giving a total of gross assets of £642,932 (2022.. £631,712). Against this the Company had liabilities of £67,025 (2022- £128,370). The net assets at 31 December 2023 was £575,907 {2022.. £503,342). It is the policy of the charity that unrestricted ndS which have not been designated for a specific llse should be maintain¢d at a l¢v¢l at least equivalent to six month's expenditure. Thc tmsÈees consider that reserves at this level will ensure thaL ill the event of a significant drop in funding, they will be able to continue the charity'5 current activities while considcration is given lo ways in which the additional fLll)ds may be raised. This level of reseryes has been maintained throughout the year. StCtur governance management Constitution The eompany is registered as a charitable company limited by guarantee and was incorporated on 12 fiebruary 2018. On 8 Octob¢r 2018 il wa8 registered a charity with the Charkty Commission, registered charity number 1180228. b. Methods of appointment or ¢lectioD of Trustees The magement of thc company is th¢ r¢sponsibility of th¢ Trust¢es who are elected and Copted under the Company's Arttcles of Association. OrgAnlsatlon#l strnetllre deci$ion-rnakiDg policies Tho company is managed by its Trngtees who r¢sponsible for all strategi¢ decisions and oversee its OF¢rntions. Day to day operations are delegated to an administrativ¢ team. Funds held As eu$todi*n No fvnd$ are ¢urrently held by the Company. Trustees The trustee4 who are also directors For the purp()s¢ of company law. and who $¢rved during the y¢ar w¢r¢.' Mario Conte Kevin Roy Grant Giorgia Sartori Giancarlo Zamengo Gerard Thomas Mary Hanley Liam PatrALk Redmond Kate Elizabeth Castellani Page 3
MESSENGER OF SAINT ANTHONY UK (A CotNpany Limiteil by Guar#ntee) TRUSTEES, REPORT (CONTIIYL.ED) FOR THE YEAR EIYDED 3] DECEMBER 2023 Statemtnt of Tru8tees ro8ponsibilities The Trustces (who are also the directors of the company for th¢ purposes of company law) are responsible for preparing th¢ Ttee$, Report and the fiDancial statements in accordance with 2pplicable law and UniteAI KitLgdom Accounting Standards (United Kingdom Generally Arxwcd AcGounting Practice). Company law requires the TnteeS to prepar¢ financial statements for each fmancial year. Under company law, the Trustees must not approve the financial statemeuts unless they are satisfied that they give a tNe fair view of the state of affairs of the company and of its incoming resourcc5 and applicaÉion of resour¢¢s, including its income and expenditure, for that period. PTepaTing these financial 8tatcments', the Trustees are required to.. select suitable a¢wunting policies and thell apply th¢m consistently* observc the methods and prin¢iplcs of the Charities SORP (FRS 102). Inake judgments and accounting estitnate5 that ar¢ reasonable and prudent. state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any matcrial departures disclosed and explained in the financial statements; prepare the fmkmLial statements on the going concem basis unless it is inkppropriate io presume that the t(PanY will continue in business. The Trustees are responsible for keeping udequate accounting records that are sufficient to show and explain the compkmgs transactions and disclose with reasonabl¢ accuracy at any time th¢ fJJ]pnoial position of the Company alld eD&ble them to cnsure thai the fmancial statements comply with the Companie5 Act 2006. They are also responsibl¢ for safeguarding the assets of the compony and hence for t4king reasonable steps for th¢ preveiition and detection of fraud alld other irregulariticy. Approved by order of the members of the bowd of Trustees on 10 May 2024 and signcd on their behalf by.. Gia arlg ZAmengo (Thlstee) Page 4
MESSENGER OF SAINT ANTHONY UK (A Company Limited by Guarantee) INDEPENDEI NT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DFCEMBER 2023 Indepedent EmIner'S R¢yort to the TTUStees of Messenger of Saint Anthony UK ('the company,) I report to the TnLStees on rny examination of the accounts of the Company for the year ended 31 December 2023. R¢spomsibi1iti And Basis of Report As the Trustees of the company {and its directors for the purposes of company law) you are responsible for the preparation of the arxounts in accordance with tbe requirements of the Companies Act 2006 ethe 2(X)6 Act,). Having satisfied myself that the accounts of the eompany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination based on ineome of MO than £25,000 but less than £1,000,000 and gross assets of less than £3,260,000. I report in respect of my examiJJation of the Lompdny's aCL1)Lts earried out under section 145 of the Charities Act 2011 Cthe 2011 Aet,). In carryill out my exam1ttion I have follow¥d the Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL IDdep¢ndeDt Examiner's Statement Suice the company's gross income exceeded £250,000 your examiner must be a m¢mr of a Ixmly bsted in seetion 145 of the 2011 Act. l ¢onfLmi that l am qualified to undertake the ex9minalion because I am a rnemlr of ICAEW. whiLh is one of the listed LK>dies. I have completed my examination. I confjrm that no matters have come to my attention in connection with the eXamilon givinuy me cae to believe.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act, or the &cunt8 do not aecord with those reoords. or the attounts do not comply with the accounting r¢quiremonts of section 396 of the 2006 A¢t other than any requirement that the accounts give a and faiv vicw which is not a matter Considered as Part of an indep¢ndent ¢xamillatiory" or the a¢couryts have not been prepaxed in accordance with the methods and principles of the Statement of Ke¢ommended Practice for accounting and reporting by charilies. I have no concerns and have come acro no other ma(ters in connectioTh with the examination to which attention should be drawn in this rqN)rt in order to enable a prop¢r unde(anding of the a¢counts to be reached. This report is made solely to the ¢(>mpally's Tru$t¢¢$, as a b(Trdy. in aicordw¢e with Part 4 of the Charities {Accounts and Reports) RebFulations 2008. My work has be¢n undertaken so that I might stale to Ihe MpaThy,$ Trustees those matttrs l am required to state Lo them in an Independent Examiner's Report and lor no other purpo8e. To the fullest extent permitted by law, I do not accept or assume ttsponsiIlity to anyone oth¢r th8n the company and the comp#ny's Trustees as a Ix)dy, for my work or for this report. Sign¢d: Dated.. 10 May 2024 Andrew Deall LLB ACA (Senior Statutory Auditor) Mercer & Hole LLP 21 IA)mbard Street. London. EC3V 9A Page 5
MESSENGER OF SAINT ANTHONY UK (A Compally Limited by Guaran¢e¢) STATFMENT OF FINANCIAL ACTIVITIES (LYCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrc5tricted runds 2023 Total lunds 2023 Tota] funds 2022 R¢strlcted funds 2023 Income from: Donation8 and legacies 461,468 4,236 465,704 428,806 Totsl income 461,468 4,236 465,704 428.806 Expenditllre oll: chitable activities 275,753 117J86 275,753 117,386 285,152 111,295 Governance costs Totsl expenditure 393.139 393,139 396,447 Net rnov¢meDI in fthnds 68?29 4,236 72,565 32.359 ReconeiliatioTr Of fvThd5: Total funds brought forward Net movement in funds 499,342 68,329 503J42 72,565 470.983 32,359 4,236 Total funds carried forw#rd 567,671 575,907 503,342 All in¢ome and expendilure derive fiom ntInuiNg activities. The Statement of Financial Activitie8 includes all gains and losses rwogni5ed in the year. 'The Ststement of Financial ActLVlties also complieg with the requirernents for an in¢ome and expenditure account under the Compatties Act 2006. The notes on pages 8 to 14 fomh part of these finaJLcial statements. Page 6
MESSENGER OF SAINT ANTHONY UK {A Company Limited by Guarnntee) REGIsfERED NUMBER: 11201248 BALANCE SHFFT AS AT 31 DECEMBER 2023 2023 2022 Note Current assets Debtors C&%h at bank and in hand 23,788 619,144 22,434 609,278 642,932 631,712 (128,370) Creditot3: amounts falling due within One year {07,025) N¢t TTent J$sets 575,907 503,342 Tot81 a$5ets less current liabiliti£s 575,9117 503,342 Net ossets excludlng pension asset 575,907 503.342 TotAI net Assets S75,907 503,342 Charity funds Restricted funds Uurestrirted futtds %236 567,671 4,000 499,342 Totsl funds 575,907 503,342 The company was entitled to exemption from alldit undEr section 477 of the Companies Act 21)06. The memb¢rs have not r4uired the company to obtain an audit for the year in question in accordance with section 476 ot'companios Act 2006. The Trustees acknowledge their responsibilities lor ensuring that the charity keeps accounting cordS which comply with section 386 of the Act and for pretiaring fmancial statements which give t true at)d fair view of the slate of affai]s of the company as the the end ot the fujancial year and its incoming resources and application of resources in¢luding its income and expenditure. for the ffftanciai year in accordanee with the requircmeiits of sections 394 and 395 and whi¢h othcThvise comply with the requirelnents of tbe Companies Act 2006 relating to financial statements, so as applieable to the company."I'he fllian¢ial stateents b&Ye been prepared in arxordancc with the provisions applicable to entitl subj¢ct to the small companies regime. Th¢ financial statsments were approved and authoris¢d for i55ue by the Tmstees on 10 May 2024 8nd signed oll their bchalf by.. Glanearl (Trustee) me The notes pages 8 to 14 lonn part of th¢8¢ financial state]neJLts. Page 7
MESSENGER OF SAiwf A]YTHONY UK (A Company Limited by Guarantee) NOTKS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 1.1 Basis of preparation of financial 5tstements 'lThe financial statements have been prepared in accordance with the Charitie5 SORP (FRS 102) Aecounting and Reporting by Charities.. Statcment of Recommended Pra¢tice applicable io charities preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), the Financial Reportirjg Standard applicable in the UK aJ)d Republic of Ircland IFRS 102) and the Compani¢s Act 2006. Messenger of Saint Anthony UK Tneets the definTtion of a public bemefii entity der FRS 102. Assets and liabilitics arc initially recogni8ed at historical cost or transaction valu¢ Unless otherwise stated in the relevant accounting policy. The Charity has tsken advantage of the provisions in the SORP for ehariiies applying FRS 102 Update Bulletin not to prepar¢ a Statement of Cagh Fltsws. The financia] statements are prepared in sterlin& which is functional ¢urr¢n¢y of the charity. Monctsry amounts in these fmancial statements are rounded to the nearest £1. The fiT)aucial $ementS have been prepared under the historical cost convention. The principal accounting policies adopted a5 8¢t out below. 1.2 Company ststus The cornpany is a company limited by gu&rantee. The sole n)embor of the Cotnpany is Thx)vincia Padovana Frati Minori Conventuali. In the eY¢nt of th¢ coinpany boing wound w), the liability in respect of the guarantee is limited to £1. 1.3 Going eonetrn At the time of approving the fianciai statements, the trnstees have a reasonable expectation that the company has adequate resources to continue in operational existence for the fores¢¢abl¢ tur¢. Thus tb¢ trust¢e$ continue lo adopt the going concern basis of accounting in preparing the fll)anoial strdtements. Page 8
MESSEIYGF.R OF SAif4T ANTHONY UK {A Company Limited by Guarantee) r40TES TO THE FIf4ANCIAL sTATE11yTs t)R THE YEAR FNDFD 31 DKCFMJIFR 2023 Aeeountin¥ policies (continued) 1.4 Incofftc All income is recognised once the compan), has entitlemeDt to the ill¢OTne. it 1$ probabl¢ that the iiicoin¢ will be received and the amount of income receivable be measured reliably. For Icgftcies, entitlcment is taken as the earlicr of the date on which either.. the ¢ompany ig aware that pn>bat¢ has been grantsl the estate has been finalised and notification has been made by the exccutorfs) to the Trust that a distribution will be made, or when a distribution is receivcd from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be rneasured reliably and thc company h89 b¥on notifi of thc exccutovs intention to make a distribution. WheTe legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for in¢om¢ rognitIOn have not been rne¢ then the leg&cy is treated as a contingent asset aDd disclosed if material. Donated service8 or facilities are r)gThIsed when th¢ company has control over the item, any conditions associated with the donated item have beeD rnet. the receipt of econumie benefit from the use of the company of the itsm is probable and that economic benefit can be m¢asur¢d ttliably. In accordance with the Charities SORP (FRS 102), the general volunteer titne of the Friends is not rUgls¢d. Refer Lo the Trustees, Repoit for more infomiation about their contribution. On re¢eip( donated prof6ssional services and donated facilities are rwognised on the b&qis of the value of the to thc company which is the amount the company would have been willing to pay to obtain services or f117t]eS of ¢quivalent economic benefit on the open markeL' a corresponding amount is th¢n reWlSed in expendituro iJL th¢ period of receipt. Income tax recoverable in relation to donations received under Gift Aid or de¢ds of covenant is recognised at the timt of the dofjatioll. Income recoverable in relation to investment income is re¢ognised at the time the investment income is receivable. 1.5 Expenditure Exrthdituye is reColSed once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a trw)sfer of economic benefits will be r¢qusred in settlement and the amount of the oblig&tiDn can be measured reliably. Expenditure is cla5sifJed by activity. The costs of each tIvIty are made up of thc total of dircct cosls and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a sinuFl¢ activity are allocated directly to that activity. Shared wsts whi¢h ¢ontrÈbute to more than one activity and SUPFX)rt costs which are not attributable to a single activity are &pwrtioned between those activities on a basis consistent with the use of resources. Central staff costs are allo¢at¢d on the basis of time spenL and depreciation chaTggs allocated on th¢ portion of the asset's 115e. Governanco costs arc those incurred in ¢onnection with administration of the wmpany and compliance with onslitutional and statutory requirem¢nts. Charitablo activities and Governdnce costs are costs incurred on the company's OP¢Tations, ittclvding support osts and costs relating to the governance of the company apportioned ¢harit4ble activities. .6 Debton Trnde and irther debtors are recognised at the settlement amount after any trade diswunt off¢red. Prepayments are valued at the amount prepaid net of any trad¢ discounts du¢. Page 9
MESSENGER OF SATNT ArHONy UK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDFD 31 DECEMBER 2023 AccouTrtÉng polleles (CODtlnucd) 1.7 Cash at bank and Sn hAnd Cash at bank and in hand ll)cludes cash and short tertD highly liquid inveslments with a short maturity of three months or less from the date of acquisition or op¢ning ofthe deposit oi similar account. 1.8 LiAhllltles provlsloll5 Liabilities are recognised when ther¢ is an obligation at tbe Balance Sheet dat¢ as a result of a past eYenL it is probable that a transfer of On0]¢ b¢n¢fit will be required in settlernent, and tl)e amowit of the settlement can estimated reliably. Liabilities are rOgnised at the amount that the cutnpany anticipate5 It will pay to settle the debi or the amoullt it has received as advanced payments for the guods or services it rnust provide. Provisions are measured at the best estimate of the amounts required to settle th¢ obligation. Wbere the effect of the time value of money is rnaterial, the provigion is based on the present valu¢ of those amounts, discouttted at the pre-tax diswunt rate that reflects th¢ risks specific to the liability. The unwinding of the discount is recogni5ed within interest payabl¢ #lld similar charges. 1.9 Fund aecounting General funds unY¢stricted funds which dre available for us¢ at the discretion of the Trustees in rtheTac¢ of the LFen¢Tal obje¢tiv¢s of the CoMpY and which hav¢ not b¢ell desigllated for other pu)poses. Restricted fidS are subje¢* to specific conditions by donors a5 to bow they rnay be used. The purposes and uses of the restri¢tsd fvRds aT¢ Set out in the notes to the financial statements. Donations and le¢1¢$ Unrestri¢ted funds 2023 Restricted fuThds 21Y23 Totsl funds 2023 'I'otal funds 2022 Donations 461,468 4,236 465,704 428,806 Analysis of expenditure by activities Chgritsble expendilure 2023 Governanee costs 2023 Total fuiids 2023 Total funds 2022 Expenditure 275,753 117,386 393,139 396,447 Page 10
MESSENGER OF SAINT ANTHONY UK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 An&tysi$ of expenditure by activities (continued) Anatysis of direct costs Totsl funds 2023 Total nd8 2022 Printing and publications Promotional expenses Grant- finan¢i&l projects 81,223 4,530 190,000 83,708 6,444 195,000 275,753 285,152 ADatysis of support costs Governance costs Tot81 fund5 2023 Tota] nds 2022 Legal and professional fees Athninistrative expens&s Sunthy expcnses Communication costs 45J90 13,900 6,027 52,069 45,600 19,469 5,238 40,988 117,386 111295 TTu$tsÉs' r¢muneration expenses Duriug the year, Truste¢5 receiyed ally remulleration or other benefit5 {2022- £NIL). During th¢ year ended 31 December 2023, no Thistee expenses have been incurred (2022- £NIL). Pagell
MESSENGER OF SAIP Af4THONY UK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMFNTS FOR THE YEAREFIDED JI DECEMBER 2023 Stsff eosts Tl)ere were no cmployees during the year. Debtors 2023 2022 Due wlthln one year Gift Aid Tax recoverable 23,788 22,434 23,788 22,434 Creditors: Amounts falling due wtthln one year 2023 2022 Trade creditors Other ¢rcditors Accruals and deferred income AlJ46 70,000 58,370 55,679 67,025 128,370 Page 12
MESSENGER OF SAINT ANTH0Tr4Y UK (A Company Limited by Guarantee) NOTES TO THE FINknNCIAL STATELIIENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of funds statement offunds- eurront y¢*r Balance at 31 Dec¢mber 2023 Balance at I Janugry 2023 Itleome Expenditsre iJDr¢stricted funds GenoraI Funds- all funds 499J42 461,468 (393,139) 567,671 Reslrieted funds Restricted Funds- all fimds 4,000 4336 8336 Totsl of funds S03,342 465,704 (393,139) 575,907 Statement of funds- prior year Balance at 31 Deeember 2022 14alanc¢ at l Janu8ry 2022 Income Expelldire Unrestrleted funds GL4n¢ral Funds- all fun(L8 466.983 428,806 (396,447) 499.342 Restricted funds Restricted Funds- all funds 4.000 4,OIHI Totsl of fttnds 470,983 428,806 (396,447) 503,342 The Stil¢ted income relate3 to building houses in Sri Lank& Page 13
MESSENGER OF SAINT Af4THONY UK (A Company Lirnited by GuaranteE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ETr4DED 31 DECIMIIER 2023 Analysis of net assets between funds Analysi8 of net a5scts betwe¢Th fund5 - current year urtrICted funds 2023 Restricted fund 2023 TotAI rllnds 2023 Current a$5ets Creditors due within one ycar 634,696 (67,025) 8236 042,932 (67,025) Total 567.671 8236 575,907 Analysis of net 8ssets between funds - prior yeor Unrestricted fimds 2022 Restricted tunds 2022 1.otal funds 2022 Current assets 627,712 (128,370) 4,000 631,712 (128,370) Creditors due within one yeaT Total 499,342 4,1)00 503,342 Jo. Related party transaetlon8 There were no disclosable related party tran5action8 during the yeaT (2022- none). Pago 14