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2024-03-31-accounts

Annual Report and Financial Statements for the Year Ended 31 March 2024

Hope Church Network

Charity registration number: 1182733

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

HOPE CHURCH NETWORK

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 20

HOPE CHURCH NETWORK

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Ralph Buckingham (resigned 27 September 2023) Matthew Elsom Rosemary Mackenzie Jonathan Piper Isabel Stirling Phillip Johnston Benjamin Cornell (resigned 15 November 2023) Andrew Oru (resigned 14 December 2023) Sara Baines (resigned 2 January 2024) Duncan Burchell (appointed 9 November 2023) Stuart Lowe (appointed 25 April 2024) Stephen Read (appointed 25 April 2024)

Charity Registration 1182733 Number

Principal Office Central Hall 12 Forest Road Liss Hampshire GU33 7BH Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Page 1

HOPE CHURCH NETWORK

TRUSTEES' REPORT

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.

Structure, governance and management

Nature of governing document

Hope Church Network registered as a Charitable Incorporated Organisation (CIO), number 1182733, on 19 April 2019.

Organisational structure

Hope Church Network went through significant changes this year. The congregational vote at the previous AGM moved us from one church with two congregations to two churches within one network.

In our previous structure, everyone on the Church Leadership Team (elders and deacons) was also a trustee of Hope Church Network. Under our new structure, the trustees are drawn from the eldership and diaconate of each local church, along with a member trustee from each church. These trustees are also the Network Leadership Team, which exists to support the churches in their mission, to foster mutual sharing and strengthening, and to bring encouragement and input.

Risk management

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Objectives and activities

Objects and aims

The Constitution of Hope Church sets out our charitable objects for the public benefit in three areas:

  1. to advance the Christian faith in accordance with the Statement of Faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit;

  2. to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; and

  3. to advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

Page 2

HOPE CHURCH NETWORK

TRUSTEES' REPORT (CONTINUED)

Objectives, strategies and activities

These objects are, in part, met through the work of our various Mission Partners, whom we see as our fellow workers in God’s mission, and whom we are privileged to be able to support, particularly through prayer and finance. At home, it is our usual practice to meet our Objects in the following ways:

1. Advancing the Christian faith

A core element in our Sunday morning gatherings is teaching from the Bible, both for adults and children. Teaching and Bible study also take place in our various midweek small groups and youth groups. One of our principal purposes in all we do is to reach out with the good news of Jesus to those outside the church, through personal conversations and occasional public events.

2. Relieving sickness and financial hardship etc

We provide loving, practical help to those in need, and some financial support for individuals through our hardship fund. We support, both financially and through the practical help of members, our local food banks and a number of other local organisations which serve those in need.

3. Advancing education

Education is a key feature of our church meetings, small groups and youth work. Our members also practically support the work of Prison Fellowship. We support, both financially and through the practical help of members, a number of other local organisations, which serve the education of people of all ages and stages in life.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Our times together on Sunday mornings have been times of blessing. Our numbers have also grown in recent months. The breadth of our expression and our love for one another reflect the unusual diversity of our history, drawn from different parts of the Church of Christ to worship together. We have seen this year that this determination to seek the unity that Jesus prayed for is not an easy or a comfortable calling. It does, however, express the love and hope of Christ in an increasingly polarised world.

Our total membership at the year ending in March 2024 was 134, across the two churches.

To meet the teaching, pastoral and practical needs of the church, as of March 31, 2024, we were employing Jon Piper and Phillip Johnston full time and Alison Godfrey, as the Church Administrator, eighteen hours a week.

Page 3

HOPE CHURCH NETWORK

TRUSTEES' REPORT (CONTINUED)

1. Advancing the Christian faith

The reason for our gathering on Sunday mornings is to practice the Christian faith as a body of people, including teaching from the Bible, both for adults and children.

2. Relieving sickness and financial hardship etc

Hope’s pastoral care work adapted to the changing needs of the congregation, as we experienced bereavement, poverty and mental health problems within the church and more complex needs in the wider community. Elders and other members of the church continued to commit to meeting together with those in need, offering counsel, as well as practical help and caring in creative ways. As our congregations have grown in recent years, so have the complexity of the needs encountered in the community. In response our use of the ‘hardship fund’ (caring for the practical needs of our congregations) has developed.

3. Advancing education

In addition to the whole-church teaching provided on Sunday mornings, our young people and children are taught through the provision of small groups. These groups and activities were designed to develop knowledge and ownership of the Christian faith for the children and young people in our community. Some of our young people also attended larger ‘festivals,’ designed to help them develop in faith and connectedness with the wider church. Our house groups continued to meet, as a means of continuing normal, Christian education through Bible study and discussion.

Financial review

Income for the year amounted to £223,802 (2023: £246,522) and expenditure £223,929 (2023: £216,397). The General fund balance at the end of the year was £75,420.

Principal funding sources

Principal source of funds was giving by members and attenders of Hope Church.

Policy on reserves

The policy of holding a Missions and Staffing Reserve was maintained during the year to cover 6 months’ expenditure for Mission and 3 months’ expenditure for Staffing and the balance was adjusted to reflect that at the end of the year. This Designated fund of £43,759 was held wholly in cash. No reserve/fund was in deficit at the year end and all other Restricted and Designated funds (totalling £13,899) were held wholly in cash.

How expenditure supports key activities of the charity

A substantial proportion of our income was distributed to Mission Partners whom we judge to be advancing our aims in the UK and other parts of the world. At the end of the period, we were employing two full-time elders to ensure time was available for the promotion of the church’s main activities, including efficient administration, co-ordination of activities, and provision of information. We were also employing a part-time administrator (eighteen hours a week) to assist the Trustees in providing efficient administration. Other significant expenditure relates to the facilitation of our meetings and teaching activities.

Page 4

HOPE CHURCH NETWORK

TRUSTEES' REPORT (CONTINUED)

The church offered assistance for those of any age, but particularly younger people, attending training courses to develop their knowledge and skills in areas consonant with the aims and Statement of Faith of the church.

The church was renting a building to provide space for church meetings, the paid workers and storage of materials and documents.

Investment policy and objectives

Monies were held with CAF Bank in a mix of current and short-term deposit accounts, given the climate of very low interest rates. This enables ease of access to funds and a cautious attitude to risk. In addition to our account with CAF Bank, we also had an account with Shawbrook Bank in order to maximise income on such accounts, within the security of the Financial Services Compensation Scheme.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Page 5

HOPE CHURCH NETWORK

TRUSTEES' REPORT (CONTINUED)

Statement of Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 3 September 2024 and signed on its behalf by:

......................................... Jonathan Piper Trustee

Page 6

HOPE CHURCH NETWORK

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOPE CHURCH NETWORK

I report to the trustees on my examination of the accounts of Hope Church Network for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of Hope Church Network 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 Hope Church Network's accounts carried out under section 145 of the 2011 Act and 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

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 Hope Church Network as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting 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.

...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

3 September 2024

Page 7

HOPE CHURCH NETWORK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
2
207,824
Charitable activities
3
2,364
Investment income
4
2,111
Other income
5
3,114
Total income
215,413
Expenditure on:
Charitable activities
6
216,748
Total expenditure
216,748
Net
(expenditure)/income
(1,335)
Gross transfers between
funds
2,000
Net movement in funds
665
Reconciliation of funds
Total funds brought
forward
118,899
Total funds carried
forward
14
119,564		 Restricted
funds
£
8,333
-
56
-
8,389
7,181
7,181
1,208
(2,000)
(792)
14,306
13,514		 Total
2024
£
216,157
2,364
2,167
3,114
223,802
223,929
223,929
(127)
-
(127)
133,205
133,078		 Total
2023
£
243,063
1,919
611
929
246,522
216,397
216,397
30,125
-
30,125
103,080
133,205

The notes on pages 10 to 20 form an integral part of these financial statements. Page 8

HOPE CHURCH NETWORK

BALANCE SHEET AS AT 31 MARCH 2024

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: Amounts falling due within one year
11
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
14		 2024
£
4,455
4,455
5,957
128,909
134,866
(6,243)
128,623
133,078
13,514
119,564
133,078		 2023
£
1,014
1,014
4,108
128,922
133,030
(839)
132,191
133,205
14,306
118,899
133,205

The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on 3 September 2024 and signed on their behalf by:

......................................... Jonathan Piper Trustee

The notes on pages 10 to 20 form an integral part of these financial statements. Page 9

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Hope Church Network meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) 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.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Incoming resources from tax reclaims are included in the SOFA during the same period as the gift to which they relate.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Page 10

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 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 income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £250 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Furniture and equipment

Depreciation method and rate 25% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 11

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into the respective employees’ pension funds.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 12

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

2 Income from donations and legacies

Unrestricted funds
Designated
£
General
£
Donations and legacies;
Donations
200
175,894
Gift aid reclaimed
-
31,730
200
207,624		 Restricted
funds
£
8,333
-
8,333		 Total
2024
£
184,427
31,730
216,157		 Total
2023
£
206,994
36,069
243,063

3 Income from charitable activities

Camp and youth activities
Other events
4 Investment income

Interest receivable and
similar income;
Interest receivable on
bank deposits
5 Other income

Rental income		 Unrestricted
funds
General
£
2,277
87
2,364
Unrestricted
funds
General
£
2,111
Unrestricted
funds
General
£
3,114		 Restricted
funds
£
-
-
-
Restricted
funds
£
56
Restricted
funds
£
-		 Total
2024
£
2,277
87
2,364
Total
2024
£
2,167
Total
2024
£
3,114		 Total
2023
£
1,919
-
1,919
Total
2023
£
611
Total
2023
£
929

Page 13

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

6 Expenditure on charitable activities

Unrestricted funds
Restricted
Note
Designated
£
General
£
funds
£
Policy/Oversight group
-
1,299
-
Mission and service
partners
-
27,912
2,142
Service and outreach
-
720
65
Sunday gatherings
-
15,987
3,650
Pastoral care
-
4,406
-
Hardship
2,994
-
999
The Ryan Fund
-
-
325
Small groups and camp
-
4,505
-
Children and youth
-
1,585
-
Advertising
-
88
-
Church building
-
15,733
-
Communications
-
435
-
Software and systems
-
1,777
-
Insurance
-
1,039
-
Professional services
-
889
-
Bank charges
-
326
-
Miscellaneous
-
-
-
Independent
examination
-
900
-
Depreciation
-
2,194
-
Staff costs
8
-
133,959
-
2,994
213,754
7,181		 Total
2024
£
1,299
30,054
785
19,637
4,406
3,993
325
4,505
1,585
88
15,733
435
1,777
1,039
889
326
-
900
2,194
133,959
223,929		 Total
2023
£
1,109
36,189
2,127
14,348
1,688
1,761
950
3,122
2,719
200
13,199
435
1,268
978
1,812
452
1,436
840
785
130,979
216,397

7 Trustees remuneration and expenses

Three Trustees received remuneration amounting to £106,208 (2023 - £107,830) and benefits in kind in the form of pension contributions amounting to £5,400 (2023 - £5,391) during the year as employees of the charity.

The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.

Page 14

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

8 Staff costs

The aggregate payroll costs were as follows:

8 Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2024
£
120,931
6,981
6,047
133,959		 2023
£
118,188
6,882
5,909
130,979

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

follows:
Activities in furtherance of charity's objects
Management and administration		 2024
No
3
1
4		 2023
No
3
1
4

No employee received emoluments of more than £60,000 during the year.

Page 15

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

9 Tangible fixed assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
10 Debtors
Trade debtors
Prepayments
Accrued income
Other debtors
11 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals		 Furniture
and
equipment
£
18,121
5,635		 Total
£
18,121
5,635
23,756
17,107
2,194
19,301
4,455
1,014
2023
£
-
-
4,108
-
23,756
17,107
2,194
19,301
4,455
1,014
2024
£
256
450
2,497
2,754
5,957
2024
£
1,232
2,689
2,322
6,243
4,108
2023
£
-
-
839
839

Page 16

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

12 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

follows:
Land and buildings
Within one year
Between one and five years		 2024
£
6,000
2,500
8,500		 2023
£
6,000
8,500
14,500

13 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to - £6,047 (2023 £5,909).

Page 17

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

14 Funds

Unrestricted funds
General
General Funds
Designated
Hardship fund
Reserves for Missions
and Staffing
Total unrestricted
funds
Restricted funds
Specific gifts fund
Christmas fund
The Ryan fund
Hardship fund
Young family fund
Visa fund
Piano fund
Total funds		 Balance
at 1 April
2023
£
71,961
3,179
43,759
46,938
118,899
-
-
8,280
-
2,525
3,501
-
14,306
133,205		 Incoming
resources
£
215,213
200
-
200
215,413
3,650
65
56
999
-
1,619
2,000
8,389
223,802		 Resources
expended
£
(213,754)
(2,994)
-
(2,994)
(216,748)
(3,650)
(65)
(325)
(999)
-
(2,142)
-
(7,181)
(223,929)		 Transfers
£
2,000
-
-
-
2,000
-
-
-
-
-
-
(2,000)
(2,000)
-		 Balance
at 31
March
2024
£
75,420
385
43,759
44,144
119,564
-
-
8,011
-
2,525
2,978
-
13,514
133,078

Piano fund: A donation was received for the purchase of a piano. The terms of the donation was met once the asset was acquired, therefore allowing the charity to use it on an unrestricted basis for any charitable purpose.

Page 18

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

Unrestricted funds
General
General Funds
Designated
Hardship fund
Reserves for Missions and
Staffing
Total unrestricted funds
Restricted funds
The Ryan fund
Hardship fund
Young family fund
Visa fund
Total funds		 Balance at
1 April
2022
£
42,809
4,100
43,759
47,859
90,668
9,168
719
2,525
-
12,412
103,080		 Incoming
resources
£
232,093
-
-
-
232,093
62
121
-
14,246
14,429
246,522		 Resources
expended
£
(202,941)
(921)
-
(921)
(203,862)
(950)
(840)
-
(10,745)
(12,535)
(216,397)		 Balance at
31 March
2023
£
71,961
3,179
43,759
46,938
118,899
8,280
-
2,525
3,501
14,306
133,205

Page 19

HOPE CHURCH NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

15 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
4,455
-
77,208
44,144
(6,243)
-
75,420
44,144
Unrestricted funds
General
£
Designated
£
1,014
-
71,786
46,938
(839)
-
71,961
46,938		 Restricted
funds
£
-
13,514
-
13,514
Restricted
funds
£
-
14,306
-
14,306		 Total funds
at 31
March
2024
£
4,455
134,866
(6,243)
133,078
Total funds
at 31
March
2023
£
1,014
133,030
(839)
133,205

Page 20