Charity regi￿ratk)n number.. 1189807
The Devon Historic Churches Trust
Annual Report and Financial Statements
for the Year Ended 31 March 2024
WESTCOTTS
ARTERFO ACCOUNTANTS
PUSINESX ADVI$¢P$

The Devon Historic Churches Trust
Contents {¢ontinued
Reference and Administrative Details
Trustees, Repgrt
2toS
Independent Examillevs Report
Statement of Financial Activities
Balance Sheet
Noles lo the Financial Statements
9t017

The Devon Historic Churches Trust
Reference and Adminlstratlve Details
Chalmian
Lady BuInel￿NUgen1
Trustges
Rev. Canon N P Fennem(*e (appointed 15 July 20241
Mr H Harrison
Mr C Hutthings
Prof R J P Kain {appointed 15 July 2024)
Rov. Dr D J Keep
Mr A R G King lappolnled 15 July 20241
Mrs L A Martin
Rl. Rèv N McKinnel
Lt. Col. D Michie
Mrs C Plumstead
Ven. J Rawllngs
Ven. N S Shutt (appolntgd 15 July 20241
Mr P Tuckett DL
Mi H V(Alers
y A Boles Ir8sign8d 15 July 20241
Mr P S Holmes (appointed 10 July 2023 and resigned 16 October
20231
Mr J Mills FCPFA (res￿￿ed 25 Mar¢h 20241
LL Commandéf CB Tukè RN {r8signed 16 October 2023)
Charlty Registritlon Nlimber
1189807
Principal Office
The (Jd Farmhouse
Hele Fatm
Hennock Road
Bovey Tracey
TQ139PP
Indopend•nt Examlner
Stuart Carrington FCA
We51o)tts {SW) LLP
Timborly
South st￿et
Axminstsr
Devon
EX13 SAD
Pagg 1

The Devon Historic Churches Trust
Trustees. Report
The Trustee5 present the annual report together with the financial 51alements of the charity for the
year ende¢J 31 March 2024.
Obje¢tlves and actlvltles
Objects and aims
The TTLlStees may apply the income and capital ol the charity In such manner as they shall in their
absolute discretion think rrt for all or any of the following charitable purposes., the preseNation, repair.
maintenance, improvement and upkeep ol churchès in the County of Devon and the Diocese ol
Exeter.
Public benefit
The Trustaas confimi that they have complied wilh Ihe requirompnls ol section 17 of the Charities Acl
2011 tts nave dua regard lo the public benefit guidance ptjblishèd by th& Charity Gommission for
England and W818s.
Grdnt making policies
Application for grants which musl fall within the objects of Ihe charity as outtined above are
considered by the Tmslees who lake account i)f the detailed work proposals and the Ilnancial
silualion of the organisation requ6skn.ng granl aid. In addition the Trustees also have regard to the
funds available lo the charily for distribution.
Achievements and pèrformancè
In 2023124 the Trustee5 have beerb engaged in Considerable discussion and planning for a new
website and the don8tion by Douglas Young of the amazing Devon Churchland websile to Ihe DHCT.
These have reouired some legal advice and additional expendituro. These will both be finalissd and in
place In the current fin8ncial year and the costs will be shown in the nexl annual report. Devon
Churchland is now fully own8d and part of the DHCT. It has a slandalone websile.
The annual Devon Historic Churches Day ralsed £19,936 12023.. £23.383). £10,747 of the
sponsorship money raised from ihe Devon Historic Churches Day (incorporating the nalional Ride &
SlridÈl was returned to the churches and chapels nominate(I by the participants12023= £13,5611- The
Tfustees are very grateful to the volunteers who WDrked so hard to generate these valuable funds.
Since the year end, preparations for the 2024 Devon Historic Churches Day (DHCDI in S@plerllber
have ¢x>mmenced.
Page 2

The Devon Historic Churches Trust
Trustees. Report {continued)
Financial revlew
The financial ststements an(1 the accounting policies used in their preparation comply wrth all of the
current statutory requirements and with the goveming document.
Thè Stalement of Financial Activilies shows thai the charity had incoming resoLJrces of £93,28212023=
£126,925). Charitable expendiÉure was £97,059 {2023.. £72,431).
The value of the investment portfolio increased tD £1,396.164 {2023.' £1,300,596) by the year end.
Nel current assets amounted tg £77,038 12023.. £90,488). The balance of nel assets was held
primarily as cash on deposit so that the funds are rEadily available to meel actual and antiapaled
grant ￿quireMen1S whilst still earning interest.
Grants awarded amounted to £76,050, compared with £58,406 in the previous year. 23 grants
totslling £59,800 were awarded. 14 5m811 and emergency grants were award¢d loldling £16,250. We
reflected the higher costs of maintsining historic buildings with a small increase in the size of the
grants. A number of payTllents were madè for grants pledged in the previous year, and a nvrnbar of
grants werè not paid by the year end. A full anatysis is provided at note 8 to show the split of items
paid and Ljnpaid.
Support cosis amounted to £12.432 (2023.. £10,044) and govemance costs w8rè £3,968 12023..
£3.0521.
Pollcy on reserves
Thè fun¢J was established by the Trust68s in 1995 with lh8 aim of raising a capital sum the target of
Ihe initial appeal being £1million. Significant legacies are generally used lo augment the capitsl of the
Itjnd. The income of the fund is av8lable for furlhering the airns of the charity.
Al 31 March 2024 cash at bank was £122,136 12023-. £116.6871. Outstanding grants awarded st¢)od
at £42,03012023'. £23,150
Investment policy and objectives
DHCT seek5 to produc8 th8 besl financial return withln an acceptable level of risk. The investment
objeclive is to generate a return in excass ol inflation over the long lgrm. The DHCT adopts a total
return approach to investment, generating the invèstment relum from incoffle and capital gains or
losses. 11 is expected that if in any one year the income return 5$ insufficient lo meet the budgeted
expenditurè, in the long terrn the real value of the inveslments will still be maintained in ac¢ordance
with the investment objectivè above. The fund is split into Iwo pooled funds. Both funds incorporate
gnvironmenlal, soci81 and govern3n¢e IESGI considerations.
Siructure. governance and management
Nature of govèrnlng document
The Devon Historic Churche5 Trust was oiiginally establishèd by a trust deed dated 1 January 1973.
On 1 April 2021 the original charity 265594 was converted into a CharitatAe Incorporated OrganisatlDn
ICIO), registered charity number 1189807, with the transfer of assets to the new CIO also tsking place
on that date. A cc>nslilution has been agreed by the Charity Commission.
Page 3

The Devon Hi5tori¢ Churches Trust
Trustees. Report (contlnued)
Rocrultment and appolntment of Trustees
Fdlowing Bn open and tr8nspar&nt advertis8m•nt and selection process four new Trustses have
joined the DHCT this year. This has signthcantly strengthened and widened the scope of the Trustè8
board of the DHCT. The power of appointing new TruslÉès is exercised by the existing Trustees. New
Trustees are required to sign a dedaralion that Ihe appointee accepts the position of Trustee and
undertakes to act in accordan¢o with the trust deed as varied by all legal modrfutions.
Oryanisational Structure
Th8 Trustees meet qU8rtedy to receive reports from officers 8nd commillees and to consid8r grant
applications.
Major risks and manag•m•nt of thoso risks
The Trustees have given consideration to the risks to which the charity may be exposed, and they
consider that the systems that have been established are suitable foi the minimisation of SLJrh risks,
for safeguardin9 of the 8S8ets of the charity, and for the prevention and detection of fraud.
Pagt 4

The Devon Historic Churches Trust
Trustees, Report (Continued)
Statemènt of Trustees. Responsibilities
The Trustees are responsitAe for preparing th8 Trustees. Teport and the financial stslements in
accordance vnth the Unile(l Kingdom Accounting Standards (United Kingdom Generally A￿pIed
Accounting Practice) and 8pplIGable law and regulalions.
The law èpplicable to charities ￿qUireS the Trustoes to prepare financial slalemenls for each financi81
year which give a true and fair view of the state Df affairs of the charity and of the incoming resources
and application of resources of the charity for ihat period. In preparing these finanaal statements, the
Truslees are required to..
select suitable accounting pcAicies and then apply thern conslstenly,
obs8rvo the methods and principles in the Charitl8s SDRP:
make judgements and estimate5 that are reasonable and prudent.,
slate whether applicable accounting standard5 have been fcllowed, subjed lo any malerial
departures disclosed and eX￿ained in the financial statements., and
prèpare the financial siatem6nts on the goiro concern basis unless it is inappropriate lo presume
that the charity wll continLJe in business.
The Trustees are responsible fr)r keeping proper accounting records that disclose wllh reasonable
accuracy at any time the financial poslts.on of the charity and enablè them lo ensu￿ Ihal the financial
statements comply with the Charilies Act 2011, the Charities (Accounts and Reports) Regulations
2008, and the provisions of the constitution. Thè Trustees are also responsible for safeguarding the
assets of the charity and hence lor tsking reasonable steps for the prevention and detection ol fraud
and oth¢r irregularib"es.
The Trustees are responslble for the mAinten8r￿￿ and integrity of thè corporate and finanei81
inlormation included on the charitable company's website. Legislation govèming the preparation and
dissemination of financial statements may differ from legislalion in other jurisdictions.
Thp AnniJRI rp.pnrt was approved by the Trustees ol the charity on
behalf by.
(14
signed Dn it
Mr H Vollers
Trustee
Page 5

The Devon Historfc Church05 Trust
Independent Examlner's Report to the trustees of The Devon Hlstoric
Churches Trust
l Teport to the Trustees on my examination of the a￿Ounts of The Devon Hislotic Churches Trust for
th8 year ènded 31 M8r¢h 2024.
Responsibilities and basls of report
As Ihe charity Trustees of The Dèvon Historic Churches Tfust you are responsible for the preparab.on
of the accounts in a￿OrdanCe wth the requirements of the Charities Act 2011 I'the AGt'I.
I report in respect of my examination Df the The tkvon Histtsnc Churches Trusfs accounls carried out
under section 145 of the 2011 Act and In carrying out my examinatlDn I have followed all the
applicable Directions given by the Charty Commission under section 14515llbl of the Act.
Independfjnt examlner's statèmènt
I have completed my examinatlon. I conlimi that no material matters have come to my attention in
conne¢lion with the examination giving me cau59 to beligvè that in any malefiai rospecl..
1. aceounling records were not kept in respecl of The Devon Historic Churches Trust as required
by section 130 of the Act., OT
2. the accounts do not accord wilh those records., or
3. the acc(yJnts do not comply with the accounting requlrements Concerning the form and content of
accounts set out in th8 Charilies (Accounts aTrd R8porlsl Regulations 2008 other than any
requirement that tha 8ccounts give a 'irue and fair view, which is not a malter considèr8d as part
of an independent examination.
I have no cOn￿mS and have Come across no other matters in conneclion wtth the examination to
which attention should be drawn in trbis ￿Port in order to enable a proper understanding of the
accounts to be reathed.
SIu8rt Carrington FCA
Westcotts (SWI LLP
Timberly
South Street
Axminster
Devon
EX13 SAD
Page 6

The Devon Historic Churches Trust
Statement of Financial Activities for the Year Ended 31 March 2024
Unrestricted
funds
Total
2024
Total
2023
Note
Incomè and Endowments frorn:
Donations and legacies
Other trading activitie5
Investment inco)me
17,429
30,040
45,813
17,429
30.040
45,813
76,565
24,283
26,077
Total income
93,282
93,282
126,925
Expenditure on:
Raising funds
Charitable acts'vities
16,9161
197,059
16,9161
197,0591
19,640)
72,431)
Total expenditure
Gainsllosses on investment assets
1103,9751
95,568
1103,9751
95,568
182,0711
1116.8611
Net incomellexpendrturel
Net movement In funds
84,875
84.875
72,0071
84,875
84,875
172,0071
Re¢onciliation of funds
Total fvnds brought forword
Total funds carried forward
1,391,452
1,391,452
1,463,459
17
1,476,327
1,476.327
1,391,452
All of the charity's activities derive from continuing operations during the above Nvo period5.
The funds breakdown for 2023 is shown in note 17.
The note5 on pages 9 10 17 forni an integral part of these financial slatemenls.
Page 7

The Devon Historic Churches Trust
(Registration number: 1189807)
Balance Sheet as at 31 March 2024
2024
2023
Mote
Fixgd a$$ots
Tangible assets
Investments
3,125
1,396,164
368
1,300,596
14
1,399,289
1,300,964
Curront assets
Debtors
Cash at bank and in hand
362
122,136
296
116.687
122.498
116,983
Credltors: Amounts falling due within one year
16
145,4601
126,4951
Nat curr•nt a55ets
77,038
90.488
Net assets
1,476,327
1.391,452
Funds of the charity..
Unro$tricted income fund
Unrestricted fijnds
1,476,327
1,391,452
Total funds
17
1,476,327
1,391,452
The fi
on
al statements on pages 7 to 17 were approved by the Trustees, and authorised for issue
d signed on their behalf by:
MrH
ollers
Trustee
The notes on pages 9 to 17 foim an integral part of these financial statements.
Page 8

The Devon Historic Churche5 Trust
Notes to the Financial Slatements for the Year Ended 31 March 2024
1 A¢counting pollc195
Statement of cornpliance
The financial slalements have been prepared in ac¢ordance the second edition of the Charftles
Statement of Recommen¢Jed Practice issued in October 2019, the Financial Reporting Stsndard
applicable in the United Kingdom and Republlc of Ireland IFRS 1021 and the Charrties Act 2011.
Basis of preparatlo
The Devon Historic Churches TrLJs* meets the definition of a public benefit entity und8r FRS 1Q2. The
accounts lfinancial staternenlsl have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise slated in the relevant nolelsl to these
Bccounts.
Going concern
The Trustees consider that there are no material uncertainties about the chariws abdity to ￿ntinue as
a golng concem.
Income and endowments
Voluntary Income including don8tk)ns, gifts, legacies ènd grants that provide cor¢ lundlng or are of 8
ggneral nature is rècognised when the charity ha5 entitlement lo thè income, il is probablè that the
incomè will be receivèd and the amounl can be measured with sufficiènt reliabllity.
Donations and legacies
Donalions and legacies ar8 recognised on a receivable basis when receipt is probable and the
amount can b8 reliably measured.
Grants rÈeeivable
Grants are racogni¥ed when th& charity has an entidem8nl to the fijnds and any conditions linked to
thè grants have beèn met. Wherg p8rformance condib'ons arg attached Ici th8 9fant and gre yel to be
mel, the incorlle is recognised as a liability and inrjuded on the balance sheet as deferred income to
be relea$8d.
EX￿ndItUre
Al expendilure is recognised once there is a legal or constructive obllgalion lo that expenditure. it is
probabje sèttlemenl is required and the amoLJnt can be measured rèliably. All cc*5ts are allocated to
the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot
be directty attributed to particular headings they have been allocated on a basts conslslenl wtth the
us& of restsurces. with céntral stafl costs 8110¢8led on tha basis ol lime spent, and d8precialion
charges allocatèd on th6 Portion of the asset's usè. Other support costs a￿ allocated based on the
sp￿ad of stafl costs.
Raising funds
These are costs incurred in attracting vduntary income, the management Df inveslments and Ihose
incurred in trading activities that raise funds.
Page 9

The Devon Historic Churches Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued}
Charltable actlvlllos
Charitsble expendfture comprises those costs incurred by the Gharily in the delivery of 118 activities
and seTvices for lis beneficiaries. 11 Indudes both costs that Can be Jlocaled direcdy to such aclivities
and Ihose costs of an indirect nalurè necessary to support thèm.
Gi8nt provisions
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there is Ljncertainty aboul either th8 liming of Ihe gTant Of the amount of grant payable.
Support costs
Support wsts indude central functions and have been allocated to activity cost categories on a basi5
consistènt with the use Df resoufces. for èxampl8. allocating property costs by floor areas. or per
capSta, staff costs by the time spgnl and other c05ts by their usage.
Taxation
The charity is eonsidered lo pass the tests sel 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 exempl from laxalion In Tespe¢t of income or capital gains
received within Galegories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of ChargeaLle Gains Act 1992, to the extent that such income or gains are
applied exclusively lo charitable purposes.
Tangible fixeil assets
Individual fixed assets costing £500 OT more are inrtially recorded al cost, less any subsequent
accumulated depreciahon and subsequent a¢cumulated impairmeni losses.
Depreciation and amortisation
Depreualion is provided on ￿n91t￿e fixèd assets so as tr) ￿lte off the cost or v￿UatiOn, Igss any
estimated residual value, over their expected useful economic life as follows".
Deprecialion method and ratè
20% straight line
Asset class
Fixtures, fitlings and equipment
Fixad asset investm•nts
Fixed assel investments, other than progTamme related investments, are sncluded al market valve *
the balance sheet dale. Realised gains and losses on investments are calculated as the difference
between sales proceeds and their market vJue al the Start of the year, or their subsequent cost. and
are chargeEI ot credited to the Slaietnent of Financial Activitias in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Statement of Financial Activities based on the market v8luÈ at the year end.
Cash and cash •quSvalenl¥
Cash and tAsh equivalents comprlse cash on hand and call deposits, and other short-tem highly
Ilquid investrnents thal are readily conveth'ble to a known amount of cash 8nd are subject to an
insignificant risk ol change in value.
Page 10

The Devon Historic Churches Trust
Notes to the Financial Statement5 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.
Financial instruments
Classification
Financial assets and financial liabilities are re¢ognised when the charity becomes a party to the
contractLJal provisions of the inslwment.
Financial liabilib'e5 and equity instruments are dassified according to the substance of the contractual
arrangements entered into. An equty instrument is any Contract that evidences a ￿sidUal interest in
the assets of the charity after deducb'ng all of its liabilities.
Recognition and mea3urement
All financial assets and liabilitiès are ini11ally measured at transaction price (including transaction
costs), except for those financial assets classified as at fair value through profit or loss, whiGh are
initially Measured at fair value (which is normally the transaction price excluding transaction cos151,
unless the aryangement conslilules a financing transaction. If an arrangement constitutes a financing
transaction. the financial asset or financial liability is rneasured al the present value of the future
payments discounted at a market Tate of interest for a sirnilar debt instrument.
Financial assets and liabilrties are only offset in the statement of financial p05iiion when, and only
when there exists a legalty enforceable right to sel off the recogni5ed awnounls and the charity intends
either to Settle on a net basis, or to realise the asset and settle the liability simult8neou51y.
Financial assets are derecognised when and only when al the contractual rights to the cash flows
from the financial asset expire or are settled, bl the charity transfers to another paty subslanlially all
of Ilie iisK"s aiid I¢Wdl ul owiieiship of the financlal asset. or cl the charity. despite having retained
some. bul not all, significant risks and rewards of ov*nership, has transferred control of the 3s5et to
another paty.
Financial liatiilities are deTecogni$ed onSy when the obligab.trn 8pecTfied in the contract is discharged,
cancelled or expires.
Page 11

The Devon Historic Churches Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
2 Income from donatlons and legaciès
Unrestricted
funds
General
Totsl
2024
Total
2023
Donations from in(lividuals
Legacies
Grants, including capital grants..
Grants from other charities
SubscTiplions
6,698
1,802
6,698
1,802
9,159
e3.404
5,000
3,929
17,429
5.000
3,929
4,002
17,429
76,565
3 Income from Othgr tradlng acllvilies
Unrestricted
funds
General
Total
lund$
Total
2023
Devon Historic Churches Day
Scooter Ride
30,040
30,040
23,383
900
30.040
30,040
24,283
4 Investment income
Unrestricted
funds
Genernl
Total
2024
Total
2023
Bank interest receivable
Income from listed investments
2,150
43,663
2,150
43,S63
445
25.632
45,813
45,813
26,077
Page 12

The Devon Historic Churches Trust
Notes to the Financlal Slatements for the Year Ended 31 March 2024
(continued)
5 ExpondSthre on ralslng funds
•) Costs af trading activities
Unrestricted
funds
General
Total
2024
Total
2023
Wages and salarias
Advertising
6,436
480
6,436
6,136
1.200
6,916
6,916
7.336
bl Invèstment managèment costs
Tot*1
2024
Total
2023
Portf(4io management costs
2,304
2,304
6 ExpendSture on charitsble actlvlties
Unrestricted
fund5
General
Total
2024
Total
2023
Grant funding of acbvtbes
Support c￿St$
84,627
12.432
84,627
12,432
62.387
10.044
97.059
97,059
72,431
Page 13

The Devon Historic Churchos Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
7 Anatysls of support costs
Unrestricted
funds
General
Total
2024
Totsl
2023
Staff cos15
Communications and IT
Govemance c05tS
General office costs
Bank charges
5,051
312
3,968
3.089
12
5,051
312
3.968
3.089
12
4,822
312
3,052
1.858
12.432
12,432
10,044
8 Grant-making
Analysis of grants
2024
2023
Analysis
Unpaid amounts brought forward
Sums paid in the year
Small grants paid
Unpaid amounts caThied forward
O¥vui i HistiJ11b Chiircliès D8y p8yinents to churcho.
{23,1 $01
43,000
12,000
42,030
10.747
155,5501
66,151
15.075
23,150
84,627
62.387
9 Ngt incomlngloutgoing re50urc•s
Nel loutgoi￿vinc0mln9 resources for the year indude..
2024
2023
Depreciation of fixed assets
123
10 Trustees remunÈration and expensès
No Trustees, nor any persons connected wlh them, have received any remuneration from the charity
during Ihe year12023.. Nill.
No trustees h8ve receivèd any reimbursed expenses from the charily during the year12023'. Nill.
Page 14

The Devon H16toric Churchos Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
11 Staff costs
The aggrègate payToII costs were as fdlows=
2024
2023
staff costs durlng the year wèrè:
Waw and salaries
11,487
10.958
The monthly averdge number of persons lincluding senior managemant I leadership leaml employed
by the charity during the year oxprèsséd as full lime equivalen15 was as follows".
2024
No
2023
No
Average headcount
No employee received emoluments of more than £60.000 during the year12023'. Nil)
12 Indep8ndènt •xaminerfs romunoratlon
2024
2023
Fees payabl$ to the independenl 8xamlner for..
Independent examination of the financial ststemènts
677
630
13 TanAible flxèd a8sets
Fixtures.
fittings and
oquipm•nt
Total
Cost
Al 1 April 2023
Addit￿nS
614
3.600
614
3.600
Al 31 March 2024
4.214
4,214
Dgprg¢lation
Al 1 April 2023
Charge for the year
Al 31 March 2024
246
246
1,089
1.089
Net book valu
Al 31 March 2024
3,125
3.125
Al 31 March 2023
368
368
Page 15

Tho Dovon Hlstorl¢ Chur¢h8$ Trust
Notes to the Flnanclal Statements for the Year End•d 31 March 2024
(conlinued}
14 Flxod assgt Invoslmonts
other
Investments
Total
Cost or Valuatlon
At 1 April 2023
Unrealised gain on investments
1.300,596 1.300,596
95.568
95.568
At 31 March 2024
1,396,164 1.396,164
N9t book valug
At 31 March 2024
1,396,164 1.396.164
At 31 March 2023
1,300,59e 1.300.596
15 Debtors
2024
2023
Prep8yrnent8
362
16 Creditors: amounts falllng due wlthln one year
2024
2023
other creditor5
A￿rual5
42,030
3,430
23,150
3,345
26,495
45.460
Page 16

The Devon Historic Churches Trust
Notes to the Financial Slatements for the Year Ended 31 March 2024
(continued)
17 Funds
Balance at
1 Aprll
2023
Other
Incomlng Resourcès recognised
resources
expende(¥alnsl{lossès)
Balance at
31 March
2024
Unrestrlcted funds
General
General Funds
1,391,452
93,282
1103.9751
95,568
1,476,327
Balancé at
1 Aprll
2022
Other
Incoming Rosources re¢ognised
rèsources
exp8ndgr¥alns1119sses1
Balance at
31 Marrh
2023
Unr&stricted funds
Gèneral
General Funds
1.463,459
126,925
82,0711
1116,8611
1,391,452
18 Anatysis of net ass￿5 between funds
Unrnstrlct8d
funds
General
Total funds
at 31 March
2024
Tangible fixed assets
Fixed asset investments
Current assèts
CLJrrent liabilities
3,125
1.396.164
122,498
145,4601
1,476,327
3,125
1,396,164
122.498
145,4601
Total nel assets
1.476.327
Unrestricted
fund5
General
Total fund$
at 31 March
2023
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
368
1,300,596
116,983
126,4951
1,391.4S2
368
1,300,596
116.983
126,4951
1,391,452
Tot81 nel assets
19 Related party transactlons
There were no related party transa¢tions in the year12023". Mill.
Page 17