CHARITY REGISTRATION NUMBER: 1183432
FC Hartlepool CIO Unaudited Financial Statements
31 May 2025
CENSIS
Chartered accountants Exchange Building 66 Church Street Hartlepool TS24 7DN
FC Hartlepool CIO
Financial Statements
Year ended 31 May 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
FC Hartlepool CIO
Trustees' Annual Report
Year ended 31 May 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 May 2025.
Reference and administrative details
Registered charity name FC Hartlepool CIO Charity registration number 1183432 Principal office Exchange Building 66 Church Street Hartlepool TS24 7DN The trustees Mr S Shaheen Mr J Gould Mr T Hill Mr P Hackwell Mr C Birbeck (Resigned 31 October 2024) W Walton (Appointed 1 November 2024) D Scott (Appointed 1 November 2024) Independent examiner Censis Exchange Building 66 Church Street Hartlepool TS24 7DN
Structure, governance and management
The entity is a Charitable Incorporated Organisation, registered with the Charities Commission of England & Wales on 15 May 2019.
The organisation primarily operates as a community football club and as such is also governed by the regional Football Association, that being the Durham FA.
FC Hartlepool CIO is managed by committee with the ultimate responsibility of the entity being with the named trustees.
Objectives and activities
The object of the CIO is the promotion of community participation in health and recreation in particular by the provision of facilities for the playing of football and other sports capable of promoting physical health and fitness.
1
FC Hartlepool CIO
Trustees' Annual Report (continued)
Year ended 31 May 2025
Achievements and performance
The charity has continued to develop and to grow despite the exceptionally difficult circumstances that all sectors have faced in recent years.
The charity has maintained its commitment to the development of Grayfields, having implemented further infrastructure upgrades and expanding the site usage significantly through the organic growth in participants operating under the FC banner, in addition to engaging with several local community support entities whom now also regard Grayfields as their central hub for the community driven services.
FC Hartlepool is fast becoming an important institution at the centre of helping communities within our great town.
Our community Football Club now hosts more than 50 teams in addition to a thriving 'FC Kickers' section collectively having a huge positive impact of the health and well being of around 750 children and young people in and around Hartlepool.
The structure that has been set will facilitate controlled and sustained growth from both football operations and community engagement perspectives in each year that we continue to operate.
Our pool of qualified (and soon to be qualified) coaches continues to grow in line with our operations in general.
Looking forward, the charity has grand designs of expanding its services across the local and wider community both through our core offering of Football orientated services, but also through further engagement with other third sector entities and the commencement of numerous social enrichment projects.
The clubs' adult male first team has further consolidated its position in the Northern League and we are now aspiring to gain promotion in the coming seasons. Doing so would be yet another huge achievement for the club and will prove to be of great benefit to Hartlepool in terms of exposure in the sporting world.
Our growth has been attributable to the support of the Football Foundation as well as local businesses, trusts, and our valued ever growing network of Volunteers.
Sic Itur Ad Astra
Financial review
The unrestricted reserves of the charity at 31 May 2025 amounted to £210,189 of which free reserves (i.e. those not tied up in fixed assets and designated funds) amounted to £24,794.
2
FC Hartlepool CIO
Trustees' Annual Report (continued)
Year ended 31 May 2025
The trustees' annual report was approved on 24 March 2026 and signed on behalf of the board of trustees by:
Mr S Shaheen Mr J Gould Trustee Trustee
3
FC Hartlepool CIO
Independent Examiner's Report to the Trustees of FC Hartlepool CIO
Year ended 31 May 2025
I report to the trustees on my examination of the financial statements of FC Hartlepool CIO ('the charity') for the year ended 31 May 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member 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 member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Censis Independent Examiner Exchange Building 66 Church Street Hartlepool TS24 7DN
4
FC Hartlepool CIO
Statement of Financial Activities
Year ended 31 May 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 60,083 | 34,818 | 94,901 | 145,875 |
| Other trading activities | 5 | 196,719 | – | 196,719 | 139,127 |
| Investment income | 6 | 1,373 | – | 1,373 | 2,172 |
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| Total income | 258,175 | 34,818 | 292,993 | 287,174 | |
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| Expenditure | |||||
| Expenditure on charitable activities | 7 | 259,311 | 13,784 | 273,095 | 226,627 |
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| Total expenditure | 259,311 | 13,784 | 273,095 | 226,627 | |
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| Net income | (1,136) | 21,034 | 19,898 | 60,547 | |
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| Transfers between funds | 33,034 | (33,034) | – | – | |
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| Net movement in funds | 31,898 | (12,000) | 19,898 | 60,547 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 178,291 | 12,000 | 190,291 | 129,744 | |
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| Total funds carried forward | 210,189 | – | 210,189 | 190,291 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 17 form part of these financial statements.
5
FC Hartlepool CIO
Statement of Financial Position
31 May 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 11 | 185,195 | 166,624 |
| Investments | 12 | 200 | 200 |
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| 185,395 | 166,824 | ||
| Current assets | |||
| Debtors | 13 | 4,669 | – |
| Cash at bank and in hand | 62,223 | 68,899 | |
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|
||
| 66,892 | 68,899 | ||
| Creditors: amounts falling due within one year | 14 | 7,098 | 10,432 |
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| Net current assets | 59,794 | 58,467 | |
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| Total assets less current liabilities | 245,189 | 225,291 | |
| Creditors: amounts falling due after more than one year | 15 | 35,000 | 35,000 |
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| Net assets | 210,189 | 190,291 | |
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| Funds of the charity | |||
| Restricted funds | – | 12,000 | |
| Unrestricted funds | 210,189 | 178,291 | |
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| Total charity funds | 17 | 210,189 |
190,291 |
These financial statements were approved by the board of trustees and authorised for issue on 24 March 2026, and are signed on behalf of the board by:
Mr S Shaheen Trustee
Mr J Gould Trustee
The notes on pages 7 to 17 form part of these financial statements.
6
FC Hartlepool CIO
Notes to the Financial Statements
Year ended 31 May 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Exchange Building, 66 Church Street, Hartlepool, TS24 7DN.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
8
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - Term of lease (31.08.46) Plant and machinery - 20% reducing balance Fixtures and fittings - 20% reducing balance Equipment - 20% reducing balance
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably the cost model will be adopted.
9
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
3. Accounting policies (continued)
Investments in joint ventures (continued)
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
10
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations and sponsors | 51,583 | – | 51,583 | ||
| Grants | |||||
| Football Foundation/Premier League | Stadia Fund | – | 31,758 | 31,758 | |
| British Gas | – | 1,262 | 1,262 | ||
| Tesco (Groundworks UK) | – | 1,000 | 1,000 | ||
| Thirteen Housing Group | – | 798 | 798 | ||
| Tees Valley Community Fund | 2,500 | – | 2,500 | ||
| Hartlepool Borough Council | 6,000 | – | 6,000 | ||
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| 60,083 | 34,818 | 94,901 | |||
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| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations and sponsors | 20,410 | – | 20,410 | ||
| Grants | |||||
| Football Foundation/Premier League | Stadia Fund | – | 82,465 | 82,465 | |
| PFC Trust | – | 42,000 | 42,000 | ||
| Fund A Fest CIC | – | 500 | 500 | ||
| Virgin Money | 500 | – | 500 | ||
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| 20,910 | 124,965 | 145,875 | |||
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| 5. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Football related activities | 127,519 | 127,519 | 98,660 | 98,660 | |
| Fundraising & events | 55,604 | 55,604 | 7,582 | 7,582 | |
| Facility hire | 13,596 | 13,596 | 32,885 | 32,885 | |
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| 196,719 | 196,719 | 139,127 | 139,127 | ||
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11
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
6. Investment income
| Unrestricted | Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1,373 | 1,373 | 2,172 | 2,172 | |
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| 7. | Expenditure on charitable activities by fund | type | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Football operations | 259,311 | – | 259,311 | ||
| Football Foundation - Groundworks | – | 9,082 | 9,082 | ||
| British Gas - Junior Support | – | 1,262 | 1,262 | ||
| Tesco (Groundwork Uk) | – | 1,000 | 1,000 | ||
| Thirteen Housing Group - Ladies Section Support | – | 798 | 798 | ||
| PFC Trust - Salary Costs | – | 1,642 | 1,642 | ||
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| 259,311 | 13,784 | 273,095 | |||
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| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Football operations | 214,007 | – | 214,007 | ||
| Football Foundation - Groundworks | – | 7,140 | 7,140 | ||
| Grantscape | – | 4,980 | 4,980 | ||
| Fund A Fest CIC | – | 500 | 500 | ||
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| 214,007 | 12,620 | 226,627 | |||
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| 8. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 14,463 | 14,569 | |||
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|
12
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
9. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 29,032 | 26,715 |
| Employer contributions to pension plans | 1,611 | 614 |
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| 30,643 | 27,329 | |
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The average head count of employees during the year was 1 (2024: 1). The average number of full-time equivalent employees during the year is analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Charitable activities | 1 | 1 |
|
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No employee received employee benefits of more than £60,000 during the year (2024: Nil).
10. Trustee remuneration and expenses
All trustees provide their services on a volunteer basis and therefore, no remuneration was paid.
11. Tangible fixed assets
| Long | |||||
|---|---|---|---|---|---|
| leasehold | Plant and | Fixtures and | |||
| property | machinery | fittings | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 June 2024 | 98,258 | 60,798 | 23,246 | 16,320 | 198,622 |
| Additions | 32,394 | 640 | – | – | 33,034 |
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| At 31 May 2025 | 130,652 | 61,438 | 23,246 | 16,320 | 231,656 |
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| Depreciation | |||||
| At 1 June 2024 | 4,660 | 15,413 | 6,613 | 5,312 | 31,998 |
| Charge for the year | 5,629 | 4,969 | 1,663 | 2,202 | 14,463 |
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| At 31 May 2025 | 10,289 | 20,382 | 8,276 | 7,514 | 46,461 |
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| Carrying amount | |||||
| At 31 May 2025 | 120,363 | 41,056 | 14,970 | 8,806 | 185,195 |
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| At 31 May 2024 | 93,598 | 45,385 | 16,633 | 11,008 | 166,624 |
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13
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
12. Investments
Fixed asset investments represent shares held in the charity's wholly owned subsidiary FCH Enterprises Limited.
FCH Enterprises Limited is a trading company that operates within the hospitality sector, predominantly through what is regarded as FC Hartlepool's club house.
The subsidiary details are as follows:
Trading address: Grayfields Sports Pavilion Jesmond Gardens Hartlepool TS24 8PJ Registered Office: Exchange Building 66 Church Street Hartlepool TS24 7DN
Company Reg No: 13383702
All statutory information and published financials of FCH Enterprises Limited is on public record and can be found on the Companies House register.
13. Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | 4,669 | – | |
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| 14. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Social security and other taxes | 6,943 | 3,627 | |
| Other creditors | 155 | 6,805 | |
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| 7,098 | 10,432 | ||
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| 15. | Creditors: amounts falling due after more than one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors | 35,000 | 35,000 | |
|
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16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,611 (2024: £614).
14
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 June 2024 | Income | Expenditure | Transfers | 31 May 2025 | |
| £ | £ | £ | £ | £ | |
| General | 11,667 | 258,175 | (244,848) | – | 24,994 |
| Fixed Asset Pool | 166,624 | – | (14,463) | 33,034 | 185,195 |
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|
| 178,291 | 258,175 | (259,311) | 33,034 | 210,189 | |
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| At | At | ||||
| 1 June 2023 | Income | Expenditure | Transfers | 31 May 2024 | |
| £ | £ | £ | £ | £ | |
| General | 50,847 | 162,209 | (199,438) | (1,951) | 11,667 |
| Fixed Asset Pool | 73,917 | – | (14,569) | 107,276 | 166,624 |
|
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|
|
|
124,764 |
162,209 |
(214,007) |
105,325 |
178,291 |
15
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
17. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 June 2024 | Income | Expenditure | Transfers | 31 May 2025 | |
| £ | £ | £ | £ | £ | |
| Football Foundation - | |||||
| Surfaces | – | 9,082 | (9,082) | – | – |
| Football Foundation - | |||||
| Premier League Stadia | |||||
| Fund | – | 22,676 | (1,642) | (21,034) | – |
| Fund A Fest CIC | – | – | – | – | – |
| PFC Trust - infastructure | 12,000 | – | – | (12,000) | – |
| British Gas - Junior | |||||
| Support | – | 1,262 | (1,262) | – | – |
| Tesco (Groundwork) Uk | – | 1,000 | (1,000) | – | – |
| Thirteen Housing Group | |||||
| - Ladies Section Support | – | 798 | (798) | – | – |
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| 12,000 | 34,818 | (13,784) | (33,034) | – | |
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| At | At | ||||
| 1 June 2023 | Income | Expenditure | Transfers | 31 May 2024 | |
| £ | £ | £ | £ | £ | |
| Football Foundation - | |||||
| Surfaces | – | 7,140 | (7,140) | – | – |
| Grantscape | 4,980 | – | (4,980) | – | – |
| Football Foundation - | |||||
| Premier League Stadia | |||||
| Fund | – | 75,325 | – | (75,325) | – |
| Fund A Fest CIC | – | 500 | (500) | – | – |
| PFC Trust - infastructure | – | 42,000 | – | (30,000) | 12,000 |
|
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| 4,980 | 124,965 | (12,620) | (105,325) | 12,000 | |
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16
FC Hartlepool CIO
Notes to the Financial Statements (continued)
Year ended 31 May 2025
18. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 185,195 | – | 185,195 |
| Investments | 200 | – | 200 |
| Current assets | 66,892 | – | 66,892 |
| Creditors less than 1 year | (7,098) | – | (7,098) |
| Creditors greater than 1 year | (35,000) | – | (35,000) |
|
|
|
|
| Net assets | 210,189 | – | 210,189 |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 166,624 | – | 166,624 |
| Investments | 200 | – | 200 |
| Current assets | 56,899 | 12,000 | 68,899 |
| Creditors less than 1 year | (10,432) | – | (10,432) |
| Creditors greater than 1 year | (35,000) | – | (35,000) |
|
|
|
|
| Net assets | 178,291 | 12,000 | 190,291 |
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17