**CHARITY REGISTRATION NUMBER: 1183450** 

## **The Folkington Trust Unaudited Financial Statements** 

**5 April 2021** 

## **UHY HACKER YOUNG** 

Chartered accountants 168 Church Road Hove East Sussex BN3 2DL 



## **The Folkington Trust** 

## **Financial Statements** 

## **Year ended 5 April 2021** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities|**4**|
|Statement of financial position|**5**|
|Statement of cash flows|**6**|
|Notes to the financial statements|**7**|





**The Folkington Trust** 

**Trustees' Annual Report** 

## **Year ended 5 April 2021** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2021. 

## **Reference and administrative details** 

**Registered charity name** The Folkington Trust **Charity registration number** 1183450 **Principal office** Folkington Place Folkington Polegate BN26 5SD England **The trustees** J D Harvey B Giles D Dimbleby **Independent examiner** David Guest FCA 168 Church Road Hove East Sussex BN3 2DL 

## **Structure, governance and management** 

The charity is unincorporated. All decisions are agreed by the board of trustees. 

## **Objectives and activities** 

The objective of the charity is to help Children / young people, Elderly / old people, People with disabilities, People of a particular Ethnic or Racial Origin, Other Charities or Voluntary Bodies and the general public through grants to individuals and organisations. The trustees shall hold or apply all or part of the capital and income of the trust fund for such exclusively charitable objects and purposes in any part of the world as they shall in their absolute discretion think fit. 

## **Achievements and performance** 

The charity has made donations during the period to a variety of charities totalling £106,000. 

## **Financial review** 

During the period the charity has income of donations and other items totalling £161,408 and expenditure on donations and other items of £111,546. Including net gains on Investments of £111,546, the net income of the fund was £189,173. 

**1** 



**Trustees' Annual Report** _**(continued)**_ 

## **The Folkington Trust** 

## **Year ended 5 April 2021** 

The trustees' annual report was approved on 6 October 2022 and signed on behalf of the board of trustees by: 

D Dimbleby Trustee 

**2** 



## **The Folkington Trust** 

## **Independent Examiner's Report to the Trustees of The Folkington Trust** 

## **Year ended 5 April 2021** 

I report to the trustees on my examination of the financial statements of The Folkington Trust ('the charity') for the year ended 5 April 2021. 

## **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** 

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 Act; or 

2. the financial statements do not accord with those records; or 

3. 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. 

David Guest FCA Independent Examiner 

168 Church Road Hove East Sussex BN3 2DL 

**3** 



## **The Folkington Trust** 

## **Statement of Financial Activities** 

## **Year ended 5 April 2021** 

|||**2021**|**2021**|2020|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|37,268|37,268|992,081|
|Charitable activities|**5**|111,598|111,598|–|
|Investment income|**6**|12,542|12,542|182|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||161,408|161,408|992,263|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**|||||
|Expenditure on charitable activities|**7,8**|111,546|111,546|34,710|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||111,546|111,546|34,710|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|Net gains/(losses) on investments|**9**|139,311|139,311|(59,840)|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net income and net movement in funds**||189,173|189,173|897,713|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**|||||
|Total funds brought forward||897,713|897,713|–|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||1,086,886|1,086,886|897,713|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



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 13 form part of these financial statements.** 

**4** 



## **The Folkington Trust** 

## **Statement of Financial Position** 

## **5 April 2021** 

|||**2021**|2020|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Investments|**13**|841,210|701,899|
|**Current assets**||||
|Debtors|**14**|9,317|305|
|Cash at bank and in hand||238,159|196,409|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||247,476|196,714|
|**Creditors: amounts falling due within one year**|**15**|1,800|900|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net current assets**||245,676|195,814|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**||1,086,886|897,713|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net assets**||1,086,886|897,713|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Funds of the charity**||||
|Unrestricted funds||1,086,886|897,713|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total charity funds**|**16**|1,086,886<br>৶৶৶৶৶৶৶৶৶৶৶৶|897,713<br>৶৶৶৶৶৶৶৶৶|



These financial statements were approved by the board of trustees and authorised for issue on 6 October 2022, and are signed on behalf of the board by: 

D Dimbleby Trustee 

**The notes on pages 7 to 13 form part of these financial statements.** 

**5** 



## **The Folkington Trust** 

## **Statement of Cash Flows** 

## **Year ended 5 April 2021** 

||**2021**|2020|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|189,173|897,713|
|_Adjustments for:_|||
|Net gains/(losses) on investments|(139,311)|59,840|
|Other interest receivable and similar income|(12,542)|(182)|
|Interest payable and similar charges|7|–|
|Accrued expenses|900|900|
|_Changes in:_|||
|Trade and other debtors|(9,012)|(305)|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Cash generated from operations|29,215|957,966|
|Interest paid|(7)|–|
|Interest received|12,542|182|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Net cash from operating activities|41,750|958,148|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Cash flows from investing activities**|||
|Purchases of other investments|–|(761,739)|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Net cash used in investing activities|–|(761,739)|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Net increase in cash and cash equivalents**|41,750|196,409|
|**Cash and cash equivalents at beginning of year**|196,409|–|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Cash and cash equivalents at end of year**|238,159<br>৶৶৶৶৶৶৶৶৶|196,409<br>৶৶৶৶৶৶৶৶৶|



**The notes on pages 7 to 13 form part of these financial statements.** 

**6** 



**The Folkington Trust** 

## **Notes to the Financial Statements** 

## **Year ended 5 April 2021** 

## **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 Folkington Place, Folkington, East Sussex, BN26 5SD, England. 

## **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** 



**The Folkington Trust** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2021** 

**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: 

- 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. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- 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. 

- 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: 

- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. 

- 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. 

- 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. 

## **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. 

**8** 



**The Folkington Trust** 

**Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2021** 

**3. Accounting policies** _**(continued)**_ 

## **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 without undue cost or effort, 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 without undue cost or effort, 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 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. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. 

**9** 



**The Folkington Trust** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2021** 

## **3. Accounting policies** _**(continued)**_ 

## **Financial instruments** _**(continued)**_ 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Debt instruments are subsequently measured at amortised cost. 

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. 

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 

## **4. Donations and legacies** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|**Donations**|||||
|Donations Cash|37,268|37,268|422,222|422,222|
|Donations Shares|–|–|569,859|569,859|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||37,268|37,268|992,081|992,081|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



**10** 



## **The Folkington Trust** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2021** 

## **5. Charitable activities** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Gift aid recovered (including on prior|||||
||year donations)|111,598|111,598|–|–|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶|
|**6.**|**Investment income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Bank interest receivable|154|154|182|182|
||Other investment income|12,388|12,388|–|–|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄ|
|||12,542|12,542|182|182|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶|
|**7.**|**Expenditure on charitable activities by fund type**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Activity type 1|106,000|106,000|33,000|33,000|
||Support costs|5,546|5,546|1,710|1,710|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||111,546|111,546|34,710|34,710|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**8.**|**Expenditure on charitable activities by activity type**|||||
|||Activities||||
|||undertaken||**Total funds**|Total fund|
|||directly Support costs||**2021**|2020|
|||£|£|**£**|£|
||Activity type 1|106,000|–|106,000|33,000|
||Governance costs|–|5,546|5,546|1,710|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||106,000|5,546|111,546|34,710|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**9.**|**Net gains/(losses) on investments**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Gains/(losses) on listed investments|139,311|139,311|(59,840)|(59,840)|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**10.**|**Independent examination fees**|||||
|||||**2021**|2020|
|||||**£**|£|
||Fees payable to the independent examiner for:|||||
||Independent examination of the financial statements|||900|900|
|||||৶৶৶৶|৶৶৶৶|



**11** 



## **The Folkington Trust** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2021** 

## **11. Staff costs** 

The average head count of employees during the year was Nil (2020: Nil). 

No employee received employee benefits of more than £60,000 during the year (2020: Nil). 

## **12. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees; 

No trustee expenses have been incurred; 

## **13. Investments** 

||**Listed**|
|---|---|
||**investments**|
||**£**|
|**Cost or valuation**||
|At 6 April 2020|701,899|
|Additions|–|
|Fair value movements|139,311|
||ৄৄৄৄৄৄৄৄৄ|
|**At 5 April 2021**|841,210|
||৶৶৶৶৶৶৶৶৶|
|**Impairment**||
|**At 6 April 2020 and 5 April 2021**||
|**Carrying amount**||
|**At 5 April 2021**|841,210|
||৶৶৶৶৶৶৶৶৶|
|At 5 April 2020|701,899|
||৶৶৶৶৶৶৶৶৶|



All investments shown above are held at valuation. 

## **Financial assets held at fair value** 

The Fixed Asset Investments are valued at market value at 5th April 2020. 

## **14. Debtors** 

|||**2021**|2020|
|---|---|---|---|
|||**£**|£|
||Other debtors|9,317|305|
|||৶৶৶৶৶৶৶|৶৶৶৶|
|**15.**|**Creditors:** **amounts falling due within one year**|||
|||**2021**|2020|
|||**£**|£|
||Accruals and deferred income|1,800|900|
|||৶৶৶৶৶৶৶|৶৶৶৶|



**12** 



## **The Folkington Trust** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2021** 

## **16. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||||
|---|---|---|---|---|---|---|
|||At|||Gains and|**At**|
||6|April 2020|Income|Expenditure|losses|**5 April 2021**|
|||£|£|£|£|£|
|General funds||897,713|161,408|(111,546)|139,311|1,086,886|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
|||At|||Gains and|At|
||6|April 2019|Income|Expenditure|losses|5 April 2020|
|||£|£|£|£|£|
|General funds||–|992,263|(34,710)|(59,840)|897,713|
|||৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



## **17. Analysis of net assets between funds** 

||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2021**|
||£|**£**|
|Investments|841,210|841,210|
|Current assets|247,476|247,476|
|Creditors less than 1 year|(1,800)|(1,800)|
||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|1,086,886|1,086,886|
||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
||Unrestricted|Total Funds|
||Funds|2020|
||£|£|
|Investments|701,899|701,899|
|Current assets|196,714|196,714|
|Creditors less than 1 year|(900)|(900)|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net assets**|897,713|897,713|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



## **18. Analysis of changes in net debt** 

||At|6|Apr 2020|Cash flows|**At 5 Apr 2021**|
|---|---|---|---|---|---|
||||£|£|**£**|
|Cash at bank and in hand|||196,409|41,750|238,159|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



**13**