## The Valley Project
Charity number 1182026
## Annual Report and Financial Statements
for the year ended 31 March 2025
## The Valley Project
Annual Report and Financial Statements for the year ended 31 March 2025
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 6|
|Examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10 to 14|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## The Valley Project
## Trustees' report for the year ended 31 March 2025
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates**
**Position Dates** Matthew Edwards Chair James Lang Treasurer Elizabeth Robinson John Waddington Luke Denison
Appointed 15 January 2025 Registered in England and Wales
## **Charity number**
1182026
## **Registered and principal address Bankers**
The Valley The Co-operative Bank plc Stirling Crescent PO Box 250 Bradford Skelmersdale BD4 0FJ WN8 6WT
## **Independent examiner**
Simon Bostrom FCIE **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation (CIO) formed on 13 February 2019 and is governed by a foundation constitution.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are appointed for a term of three years by resolution at a properly convened meeting of the charity trustees.
2
## The Valley Project
## Trustees' report (continued) for the year ended 31 March 2025
## **Objectives and activities**
## **The charity's objects**
To advance in life, relieve and help children and young people of Holme Wood and surrounding areas of Bradford through:
(a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
## **The charity's main activities**
To provide and support in the provision of facilities and activities in the interests of social welfare for recreation, education or other leisure time occupation of individuals or groups who have need of such facilities by reason of their youth, disability or social circumstances, with the object of improving their social and emotional development, physical and mental health, educational attainment and community involvement and therefore contributing significantly in decreasing anti-social behaviour.
## **Public benefit statement**
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular:
(a) an enhanced quality of life and sense of well-being through engagement with and participation in activities and events that bring people together, leading to improvements in physical and emotional well-being, quality of life and a more stable and cohesive community;
(b) increased opportunities to engage in new activities that bring people together, leading to greater social cohesion and fulfilment;
(c) enhanced active citizenship and involvement in community life.
## **Achievements and performance**
## **April 2024 – March 2025 in a Nutshell**
The Valley Project is fast approaching its 7[th] Birthday and has become part of the furniture in Holme Wood. We have a constant stream of children signing up as soon as they reach 7 and most will spend their childhood with us. It is impossible to describe everything that happens at The Valley Project, it is a hive of activity and development. Along with the myriad of opportunities for the children and young people to engage with, we strive to continually bring new experiences to the children. These have included, rap producers, brass street bands, artists, dancers, animals, poetry (reindeers at Christmas!) all very interactive.
The children have expressed a desire to be able to fix their bikes a skill that is not being passed on anymore. We have held taster sessions with bike mechanics and bought some tools and accessories and over the summer we will be running further maintenance courses. We hope this will lead to Dr Bike sessions in the future where the kids fix bikes on the estate for a small fee.
The Valley Project have attended more safeguarding meetings as the importance of The Valley Project in the children’s lives has become more recognised. We still lack a clear line of communication and our knowledge of the children’s lives can sometimes be patchy due to this. We continue to strive towards more open partnership working with the local authority and Children’s Trust. Again, Bradford faces continued cuts in social care and those services that provide for those most in need across the district. The cuts will dramatically affect many of the families we work with but also drag more families who are on the financial threshold into further difficulty. However, we feel our network of partners and signposting opportunities is more robust than ever and we will be able help in direct, positive ways.
3
## The Valley Project
## Trustees' report (continued) for the year ended 31 March 2025
## **Achievements and performance (continued)**
This year we have seen an increase in children with neurodiversity and or learning disabilities attending sessions. At times they need additional help and support. Increasing our staffing levels allows us to support them on a one-to-one basis if and when they need it, enabling us to better meet their needs. Our regular children are very understanding, kind and caring which is lovely to see and parents have expressed how inclusive and welcoming the sessions are. We strive to be as inclusive as possible and as part of our staff team’s continuous professional development we encourage them to increase their knowledge and skills in this area, leading to better outcomes for all the children in “The Valley Family”.
It became apparent that our Tots sessions for parents, carers and under 5’s was dependant on the weather and seasons. A decision was made to suspend the sessions in October with a view to relaunching after Easter for the remainder of the summer. During the warmer months attendances would reach 12 children a session, with 47 different children and 40 parents attending over the year.
## **Direct Delivery**
The Valley Project reviewed our registers in Easter 2024, since this date 555 different children have attended sessions with a footfall of over 15,000 this last year. Children from over 25 Bradford Schools attend The Valley Project offering a unique opportunity for children and young people to mix where opportunities would otherwise be limited. Sessions regularly reach capacity which has led to a necessary increase in staffing levels to allow more children and young people to access The Valley. The Valley Project recognises the need to increase staffing levels and the number of sessions we run to address the demand from the community.
## **Staff Development**
The Valley Project staff team have excelled over the past year. We have a very well-balanced team with skills that complement each other. The Valley Project Playworkers have proven to be positive role models, they support children and young people to integrate, breaking down barriers to inclusion & nurturing friendships. The positive relationships and trust that our staff have built up with our children means they feel comfortable having conversations around a wide range of topics.
The Valley Project have also taken on our first apprentice a young man who used to attend The Valley sessions as a child, they are currently undertaking a Level 2 in Play work through Calderdale College. This has also led to two further members of staff taking up this training opportunity for the Level 2 course. With a settled and dedicated team, it becomes easier to plan for the future. As previously mentioned, we have increased our staff team and casual pool of staff to accommodate the growing user numbers.
The Valley Project have also won a tender to employ 2 JU:MP connectors for an initial 3-month period to support delivery of activities across Holme Wood, strengthening local partnerships and consulting and shaping of possible capital investment.
## **Social Welfare Support**
The Valley Project sessional meals for all who attend have now become a staple for children and their families, we are now serving over 20,000 meals a year. 80% of the meals we cook use foods donated by InnChurches and without this vital support we would not be able to provide such an important programme. Clothing, especially footwear and coats are supplied more regularly. However, food donations are now down as we have managed to signpost people to partner organisations who offer a bespoke service in this regard.
## **Site Development**
With children and young people growing up and moving on we have seen a large number of new children attend The Valley Project. These children are now starting their journey at The Valley and will develop their skills over the years so that they can mould and shape their environment together.
Our young leaders have expanded our Secret Garden planting a swathe of flowering species that have attracted a myriad of insect life. Work has also now begun on making more of our edible forest and growing area.
4
## The Valley Project
## Trustees' report (continued) for the year ended 31 March 2025
## **Achievements and performance (continued)**
The Valley Project added to our family with 6 rabbits in the luxurious Rabbit Palace created by the kids. These have definitely had the effect we expected as they are cared for and loved and have the miraculous ability to improve most children’s days.
The new kitchen container has improved our ability to create larger more varied meals and keep on top of stock more efficiently.
Developments for the coming year include, new tube slides and an extension of the skywalk.
The Valley Project have recently undergone our biannual playground inspection again without any concern raised. The inspector complemented the children and young people on the quality of their constructions, commenting “It contains exemplary self-build which has obviously been completed by children and equally obviously has had knowledgeable adult support in doing so.” (Simon Rix – Playground Inspector).
## **Volunteers and Donations**
The Valley Project has been a magnet for young people to gain valuable work experience. Working in partnership with The King’s Trust and local high schools we have increased these opportunities and will continue to do so.
Business volunteer days continue throughout the year, these days are very productive and help develop and maintain the site taking pressure off of the staff team. The contacts made during these days with businesses has more often than not led to further donations of foodstuffs, materials and funding.
A new intake of Young Leaders has occurred to bolster our existing cohort. The project will provide each young person with a portfolio of work completed, skills learnt and strengths with the aim of adding depth to a prospective college or work application. This project focuses on the young people’s futures by using vehicles such as social enterprise schemes and ways to shape community delivery and development. The young people are currently heavily involved in advising on getting children more active across the area through the JU:MP project. They are also driving forward our City of Culture projects for the year.
## **Achievements**
Our work over the past couple of years behind the scenes is now coming to the fore. The Valley Project have been included as a positive case study in a draft national report for the government around the importance of play, written by the Raising the Nation Play Commission. This report has also led to a visit from Paul Lindley OBE, the play commissioner for England, to experience the Valley Project first hand. This exposure has opened further conversations with decision makers and those with influence that can only benefit the project in the long run.
The Valley Project successfully tendered for a 3-month contract to employ two further members of staff to deliver a 3[rd] party project around increasing physical activity in children and young people in Holme Wood. The tender was in partnership with 2 other local organisations and it has already started to address some of the issues faced.
## **Challenges**
Further Local Authority cuts to social care continue to affect the residents of Bradford. Referrals to CAHMS services remain elusive and waiting lists very long. We have noted through observations and conversations with children, parents and teachers that more children are really struggling as they wait without intervention or help.
Food bank funding has been cut this past month and this has already had an effect almost doubling the cost of our food bank membership and reducing the amount and variety of food we receive, having to replace this with purchased foodstuffs. As with everything costs are increasing across the board, this inevitably puts a strain on funds.
5
## The Valley Project
## Trustees' report (continued) for the year ended 31 March 2025
## **Going Forward**
Over the coming year The Valley Project will look to further address some of the issues around capacity. We acknowledge that sessions need to increase in line with demand, this will mean securing more stable long-term funding to cover staff costs. Hand in hand with capacity comes space and tentative enquiries have been made about a further community asset transfer of some adjacent and abused land that would not only benefit the projects future expansion but solve a long-standing environmental issue that the local authority refuse to address.
With a settled, experienced team we feel this would be the right time to make more use of the sight during the day. Free taster sessions will be offered to local primary schools with the hope that these will continue on a paid for basis. Early conversations are being held around an alternative education provision at The Valley Project to tackle the increasing number of children and young people not attending school regularly or struggling in that environment. Also having delivered a successful short-term tender for the JU:MP project we hope to be able to extend this so that we can further contribute to its programme and sustainability.
## **Financial review**
The net income for the year was £10,743, including net expenditure of £24,953 on unrestricted funds and net income of £35,696 on restricted funds after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £29,882.
The Valley Project aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered.
Reserves can be spent to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure.
The reserves policy needs to be reviewed annually to secure The Valley Project’s long-term financial sustainability.
As of 31st March 2025, The Valley Project’s unrestricted reserves are are considerably below the range of our policy to cover 3 months delivery costs (£45,000 - £60,000). The trustees will continue to increase our reserves with planned fundraising events, corporate donations and site rentals.
Approved by the board of trustees on 02/07/2025
James Lang (Trustee)
6
## The Valley Project
## Independent examiner's report to the trustees of The Valley Project
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2025, which are set out on pages 8 to 14.
## **Responsibilities and basis of report**
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since the CIO's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.
I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Bostrom FCIE
02/07/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
7
## The Valley Project
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2025
|Notes
2025
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
2,681
Other income
190
Contracts
2,196
**Total income**
5,067
**Expenditure on:**
Salaries and payroll charges
(3)
1,821
Freelance costs
1,001
Staff expenses
-
Legal fees
-
Utilities
-
Insurance
-
Equipment
201
Consumables
362
Repairs and maintenance
-
Business rates
-
Van costs
-
Grant repayment
-
Depreciation
25,327
Independent examination
1,308
Phone, internet and website
-
**Total expenditure**
30,020
**Net income / (expenditure)**
(24,953)
**Fund balances brought forward**
94,461
**Fund balances carried forward**
(4)
69,508|2025
Restricted
funds
£
249,786
-
-
249,786
152,848
6,422
2,566
-
3,333
6,033
8,762
9,087
16,435
339
7,905
-
-
-
360
214,090
35,696
50,811
86,507|2025
Total
funds
£
252,467
190
2,196
254,853
154,669
7,423
2,566
-
3,333
6,033
8,963
9,449
16,435
339
7,905
-
25,327
1,308
360
244,110
10,743
145,272
156,015|2024
Total
funds
£
266,338
1,130
-
267,468
133,614
2,992
5,938
450
2,325
5,038
20,781
10,420
15,563
317
7,319
2,790
27,603
1,254
371
236,775
30,693
114,579
145,272|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
8
## The Valley Project
## Balance sheet
|as at 31 March 2025
2025
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
39,626
**Total fixed assets**
39,626
**Current assets**
Prepayments
-
Cash at bank and in hand
(6)
34,366
**Total current assets**
34,366
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(7)
4,484
**Total current liabilities**
4,484
**Net current assets**
29,882
**Net assets**
69,508
**Funds**
Unrestricted funds
69,508
Restricted funds
-
**Total funds**
69,508|2025
Restricted
£
-
-
2,161
84,346
86,507
-
-
86,507
86,507
-
86,507
86,507|2025
Total
£
39,626
39,626
2,161
118,712
120,873
4,484
4,484
116,389
156,015
69,508
86,507
156,015|2024
Total
£
64,953
64,953
1,908
79,665
81,573
1,254
1,254
80,319
145,272
94,461
50,811
145,272|
|---|---|---|---|
The financial statements were approved by the board of trustees on 02/07/2025
James Lang (Trustee)
9
## The Valley Project
## Notes to the accounts
## for the year ended 31 March 2025
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it
## **Tangible fixed assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Plant and equipment: over 4 years Fixtures and fittings: over 4 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
10
## The Valley Project
## Notes to the accounts continued
## for the year ended 31 March 2025
|**2 Grants and donations**
Bradford District Community Foundation
Bradford Metropolitan District Council (BMDC)
Charles and Elsie Sykes Trust
Emerge UK (Lottery partnership)
Hedley Foundation
Manjit Wolstenholm
Sir Ken and Lady Morrison Fund
The Bartlett Group
The National Lottery Community Fund (NCLF)
Trusthouse Charitable foundation
BBC Children in Need
Tudor Trust
Warburtons
Other donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions
Payroll charges|2025
Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
2,681
2,681|2025
Restricted
funds
£
25,000
50,580
2,000
20,370
2,500
10,165
5,267
10,000
93,904
30,000
-
-
-
-
249,786|2025
Total
funds
£
25,000
50,580
2,000
20,370
2,500
10,165
5,267
10,000
93,904
30,000
-
-
-
2,681
252,467
2025
£
144,527
11,015
(5,000)
2,650
1,477
154,669|2024
Total
funds
£
53,084
-
9,894
-
-
5,267
10,000
62,368
30,000
8,100
73,500
10,000
4,125
266,338
2024
£
125,912
9,073
(5,000)
2,256
1,373
133,614|
|---|---|---|---|---|
The average number of employees during the year was 10.8, being an average of 6.4 full time equivalent (2024: 11.9, 5.1 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2025|2024|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|1,477|2,256|
11
## The Valley Project
## Notes to the accounts continued
## for the year ended 31 March 2025
|**4 Restricted funds**
Tudor Trust
Trusthouse
NCLF Reaching Communities
HAF Bradford Council
Bartlett Fund
Sir Ken & Lady Morrison
Mayors Climate Change
Bradford 2025 (BDCF)
Driving Brighter Futures (BDCF)
Awards For All
Manjit Wolstenholm
Hedley Foundation
C & E Sykes Trust
Emerge (Lottery partnership)|Balance b/f
£
38,500
2,297
(445)
3,043
-
5,267
2,149
-
-
-
-
-
-
-
50,811|Incoming
£
-
30,000
73,904
50,580
10,000
5,267
-
15,000
10,000
20,000
10,165
2,500
2,000
20,370
249,786|Outgoing
£
38,000
21,247
70,909
42,066
10,000
5,267
2,149
34
-
3,028
1,020
-
-
20,370
214,090|Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Balance c/f
£
500
11,050
2,550
11,557
-
5,267
-
14,966
10,000
16,972
9,145
2,500
2,000
-
86,507|
|---|---|---|---|---|---|
## **Purpose of restriction**
## **Fund name**
Tudor Trust Trusthouse
Towards core running costs. Towards core running costs. Towards core running costs. To provide food and activities during all school holidays.
NCLF Reaching Communities HAF Bradford Council Bartlett Fund Sir Ken & Lady Morrison Mayors Climate Change
To deliver family sessions, support and our grow, cook and eat programme. To develop early literacy skills during our Valley Tots sessions. To plant 400 trees and educate children and young people on climate change.
Bradford 2025 (BDCF) To deliver creative workshops and resources. Driving Brighter Futures (BDCF) To continue mental health support for all our young people. Awards For All To continue mental health support for all our young people. Manjit Wolstenholm To deliver different educational skills licenses Hedley Foundation To support Young Leaders sessions. C & E Sykes Trust Contribution to core costs Emerge (Lottery partnership) Towards the Holmwood Youth Work Partnership project costs.
Towards the Holmwood Youth Work Partnership project costs.
|**Tangible assets**
**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|£
96,197
-
96,197
50,215
16,248
66,463
29,734
45,982
Fixtures
and fittings|£
50,990
-
50,990
32,019
9,079
41,098
9,892
18,971
Plant and
equipment|Total
£
147,187
-
147,187
82,234
25,327
107,561
39,626
64,953|
|---|---|---|---|
## **5 Tangible assets**
12
## The Valley Project
## Notes to the accounts continued
## for the year ended 31 March 2025
|**6 Cash at bank and in hand**
Cash at bank
Cash in hand
**7 Creditors and accruals**
Accruals
Deferred income - Jump Active Braford contract|2025
£
118,649
63
118,712
2025
£
1,308
3,176
4,484|2024
£
79,665
-
79,665
2024
£
1,254
-
1,254|
|---|---|---|
## **8 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The total employee benefits received by key management personnel were £84,911 (previous year: £80,034).
13
## The Valley Project
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025
|2025
2024
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
2,681
14,019
Other income
190
1,130
Contracts
2,196
-
**Total income**
5,067
15,149
**Expenditure**
Salaries and payroll charges
1,821
6,532
Freelance costs
1,001
-
Staff expenses
-
90
Legal fees
-
-
Utilities
-
62
Insurance
-
-
Equipment
201
1,955
Consumables
362
420
Repairs and maintenance
-
309
Business rates
-
26
Van costs
-
903
Grant repayment
-
-
Depreciation
25,327
27,603
Independent examination
1,308
-
Phone, internet and website
-
234
**Total expenditure**
30,020
38,134
**Net income / (expenditure)**
(24,953)
(22,985)
**Transfers between funds**
-
36,020
**Net movement in funds**
(24,953)
13,035
**Fund balances brought forward**
94,461
81,426
**Fund balances carried forward**
69,508
94,461|2025
Restricted
funds
£
249,786
-
-
249,786
152,848
6,422
2,566
-
3,333
6,033
8,762
9,087
16,435
339
7,905
-
-
-
360
214,090
35,696
-
35,696
50,811
86,507|2024
Restricted
funds
£
252,319
-
-
252,319
127,082
2,992
5,848
450
2,263
5,038
18,826
10,000
15,254
291
6,416
2,790
-
1,254
137
198,641
53,678
(36,020)
17,658
33,153
50,811|2025
Total
funds
£
252,467
190
2,196
254,853
154,669
7,423
2,566
-
3,333
6,033
8,963
9,449
16,435
339
7,905
-
25,327
1,308
360
244,110
10,743
-
10,743
145,272
156,015|2024
Total
funds
£
266,338
1,130
-
267,468
133,614
2,992
5,938
450
2,325
5,038
20,781
10,420
15,563
317
7,319
2,790
27,603
1,254
371
236,775
30,693
-
30,693
114,579
145,272|
|---|---|---|---|---|
14