Regist•red numb•r. 12649941 Charlty number 1191368 IBC - In Perpetulty (A company 11m1t by guarnntsa) Unauditsd Trusta••' report and flnanclal statsments For the y•ar ondod 30 Juno 2022
IBC - In PortUlty (A company limit•d by guarantee} Cont•Trts Poge R•f•r•nc• and •dmlnl¥trallve detalts of the charfty, Its Tnmttts •nd •dvl80rn Trust•o8' rnport Ind•pondont •xamlnerfs r•ibort St•tgmont of financlal a¢tSvldgs Nots8 to th• flnanclal slat•m•nts 8.15
IBC - In Porpthty IA c¢xnpany Ilmit•d by guarant••) Refer•ne• and admlnkntrat1 det•ll8 of thg charfty. It8 TrusteM and advlws For th• year end•d 30 June 2022 Trusts•s S Hare. Chair R Edwards {re8igned 1 Dec•mbor 2022) P Brown S ManwarirKJ Company Mgl¥t•r•d numb•r 12649941 Charlty r•gl•t•r•d numb•r 1191368 R•glstsr•d offlc• Jackson Hal Portland P*• Hasllngi East Sussex TN34 1QN A¢countants Chartered Accountants Plus X Innovats'on Hub Lewe8 Road 8Th3hton Ea81 Sui86X BN2 4GL Bank•rn Ltyds Bank plc 17 WeNing1C Plac• Hasting8 TN34 1NX P•Je 1
IBC- In Perwi (A company Ilmlt¢d by guararteel TnBtses' report For the year •nded 30 Jun• 2022 The Trustees present their annual rewt together wh ffnancial Statemts of the chity for the year 1 July 2021 to 30 June 2022. The Annual report s8rvgs the purposes of both a Trusloes. report and a directors, report undei Company law. The Twstees confinm that the Annual rep)rt and finanoal statements of the ch8ritable c¢Jmpany comptry with tha current 8latutory wuirements. the r4uirgments of the charitable cOmpaS goveming document and thg provisn8 of Ihe Statement of Recommended Prxtice ISORPI applic)le to charith'es preparing their aGcounts in aceordance with tha Repcytwy Standwd applicable in the UK aTh Republic of Ireland {FRS11721 leffectwe 1 January 2019). Since the charlty qual11 as sman under sectb)n 382 of the compani Act 21)%. th8 StralegK report requlrèd ol medium and large compan8 under the Companies Act 20 (strateg Report and Directors, Raporti Rggulation8 2013 has bean omllted. ObJ•ctlvu and •¢tlvlth¥ Pollclu •nd obJKthI•s The otyects oftha charty we.'_ To promote thg rdlgf of oldgr people Ihmugh tho ltyam) hoklry, upkwp 8NJ deNment of the Isabel Blackman Contre a• • c(xnnwnlty 858¢t.. To enable lo prOv10Th ol serwces at Ihg ntro lo fyywble soclal and rgcreatlonal portunty and to rnUov& financial hardshlp and poor health amowst okler pwple thrOh th• pr(vIS of atho and infomiallon.. To enabl¢ leisure 8rMI recreatsnal i)kwrtuniti96 for Ihg Vlider communty •nd Centro as Jn acc•88ib community building. In $6ttwy objectives and plgnning lor activiti•s. the TTUStees have giv du8 consideration to general guidan¢¢ publiyhed by the Charity CommissA)n relab'ng to publt benefft. including guidanvi 'PublK bgnefrt.. running ch8rtty {PB2)'. b. Maln •ctlvltl•• und•rt•k•n to fUrtrth• charltyS lor th• publlc b•n•fft The chariVJ maln activty is its role as cu$lc#Ji8n of the Is1 Blackman C8ntr• as a communty asset for older pecple and others. #nd the ¢Mrsrght of the requiremènts and 8lrats9t rgporting freWOrk agreed with Ils delfvory p8rtner. Achl•v•m•nts and p•rfornwn 4. Maln achlevem•nts of th• charfty During the rertIng pwkxl the Charity has contlnued to de¥ Ihe Isthl Blalknian Centre as a vtbrant ond respon$ive resource for Older PpIe and general conwnunlty. Tru8tees of the Charity led a communty fundraising ¢•npaJn ythh generat8d sufficient incctme which (Combin tmth grant 8UPWt from crther local Charit$} enabled the buPding lo b8 purchased 2020. Meetings were hold th pcential lunder8 ¥thh have been up d8t8iled pOSalS to acquirn funding lo supwrt the bnger temi actNities of tha Charity. This has reaSed Snffic0Tht grant ineeme lsupwrted by ca8hl&7w support from Age UK East Sussox) en*ling the re151¥n8nI of the witre A bus1rS plan and operats.ng model was determined for the Cenlre's day to day management Age UK East Sussex As a resuft the buildiry was made available to Age UK East Suss•x and monitoring and revmy arrangements were concluded. Page 2
IBC- In P•rytuity IA c¢mpany limlted ty guarantse) Trus199s' rnport (eontlnuedl For Ihe year •ndgd 30 June 2022 Achlwements and perf0rnwn Iconllnuedl The Charty wa8 Invowl in discussions to receive assets of an Okler People's Charity {FrlandÈ of tho Old Peoplg) as a contribution to thè runnirwj costs durin9 the fit ph8se of the Centres re4aunch. The Charty reViVy the vesu#s of 8ngagernt arKI consult8tion whlch had been undertaken by Age UK East Su8¥ex arKI by Haslings Vohjntary Action which summarised VIV expressed by OlJ8r People IrKotty. Those worg used 48 Part of the discus8¥ 8nd wthatson8 whth tk plxa to shapè tho sw4iCa8. piting and offer Arran9em8nls for a reportirvJ framwwoth betlbwn Age UK East Sussex and the Charrty wtre concluded. The Pu1$6 of this was to ensure that fuThJors and stskehohkn coukl be adv8d of the impact of the IBC as community asset enablng work ur+dertaken by the Charity arKI its partners. This enBured that achlevamenls could be rep In an accountable and transparenl way. Woik was undertaken to prepare and upgrade the flat * the untre to inltialty be 8vailabki after a l(ry pericd of Inactlvty lo be avaiW)le for rent bcth to med h¢>J8ing need and xt a8 a stream lo support the fvture wovk ofthe Chaty. wes undertaken to doveknp a Img temi plan and r•wn8 poIv4. The rnngfj of actmty d¢ribed in Ihii Trustgej rewl lJ to a fmal op8ning wènt duty whKh th• Lord Lieutenant of Ea81 Sussex cpened thé buikling in Deeembor 2022. Flnan¢l•l r•vl•w •. Golng conc•m After making 8pprcpriale enquiri8B, the Trusteès h•ve a rea8onabl8 6xpe¢tstion that ts tharity has adequat• resources to conts'nue in weratkThal emlance for the fOresable future. For this r8ason, they continu6 to adopt the going corKern basis in proparing the financial statomenls. Further deta515 regarding the adopts'on of the going concem basis C I(n in the xcounts.ng b. RM?rvM pollcy cha11•$ reserves policy rewnlses that it respMsibrfty for a caprtal assat 4¢h wll need 8 r88pon6lve and nd mairrtenanc• pwramme. tt also intends lo. there resources alow, invest SoUrC0S lo ext¥nd and develop day lo day serw¢es at Ihe Contr8 where lfrrtse meet our charIab objects and futhér develop the building. To Ihls end, l$IderatIOn is t¢ing gNen to the disposal of the flat at the Centre to contribute to the Charities longer temi aims and enablo fficTrt reser to meel kncfn likdy costs. Ai the ba1Ce $he8t date total re$erb ol the charity V•we £587.24312021'. £388,328). Of th95e rnserve8 the charty had fr88 Tesopns trt411ing1£36.718) {2021: £nl. 8tructure. gov•mance and m•n•g•m•nl . Con8tltutlon IBC - In Perpeluty is registered as a charrtabfe IXXnp linited by guarantee arKI r8 kTh)vem8d by its Memorandum and dated 07 August 2020. b. M•thod¥ of appolntment or •lKtlon of Trustt The management of charty is the responsbilty c* the Tn085 who are elected under the terns of the Articks of Assctiatlon. . P•]e 3
IBC- In Pefpetulty IA company limit•d by guarantso) Tr109, rnport Icontlnu•d) For th• y•ar onded 20 Jun• 2022 Membevs. lknblllty The Members ol tho tharity guarantee to contriimrte an amourrt not 8xce8dlng £1 to the assets the chartty In the event of winding w. St•t8rnont of Trt•' rnspon81bllltl•• The Tnrst•es (who are also the directors of ts chaty for tho Pufposes of ccynpany law) are responsib for PParing the Trustees, rep% and thè fmanaal statements in ac¢ordar+ca with applicablo and Unrted Kingdom Accountlng Stand¥d# (Unbtod Kryd(Yft Gener Acupted ACCntir#4 pract). Company l&¥ rffjuir88 tho TnJ81ees to prepare financial 8tatwnents ftr ea¢h fina101 yew. Under company lthi, the Tru81985 must not approve Ihe finarLi•l statements un188S ttrw are satfied that they gNe a true aTra falr vithv of the State of affairs of the charty and of lis incoming rescurces ar appIaon of resources, including rts income and expenditurE. kn that p8ricxl. In prep8ring these finanaal stat8ment8. the Trust ore rgquired lo.. sdect suitable accounlkng policth and thèn appty them ccmsi5tenlty.' observg the m•lhod8 and prinaples of the Charlbè8 SORP (FRS 1021.. mak8 ludggmenls and xcounting estimates that aro mason8bk arKI pnthnt; 8tste whether applicab UK Accounling Sl8TrJard8 {FRS 1021 ha bean folkrAed. $uLy'¢ct lo any m•lertg1 departures disthjsed and explained in the financial statements; prepare the financk?I statements on the swing concem basi$ unl88• it18 In¥)proprl8t• to pr8guma that thè charity wil CQfrtlnu• in bu8ln88s. The Tru8tee• or• r•w)nsible lor keephig adequat8 xcounth7g r•¢ords th aro sufficklnt to •hryw ar+d explain thé thanvs transactbJn8 and dl8ck)8e reasonable at any time the fi'nwKial posilion of the charity •nd enable them lo ensure that the fina1?1 statements comply with the Compani88 Act 2006. They are 81s0 responsiblg for saleguarding the assets of th? charity and hgnce for tiThJ rthxonable step8 for the prevenllon •nd detecb'on of fraud •nd cAT irregulaiitw. Approved by eAdar of the m•rnbws ofthe board of TruJtee8 and sign on th8tr ty. anwarlng (Chair of Truste•s) Date.. 20 Decemb8r 2(r23 Page 4
IBC- In Perpotulty (A Company limit by gu•r4ntsg1 Staloment of financial athltles (Intorpornttng Income and •xp•ndlture account) For thg year ended 30 Jun• 2022 R•¥IrIct Unr•Btricl funds funds 2022 2022 T¢Aal lufftd# 2022 Total funds 2021 Incom• from: Donations and Wcies 76.000 168.107 233.107 391.970 Total Incom• 76.000 158.107 233,107 391.970 Exp8ndltur• on: ChariLle activitie 34190 ¥190 3,644 Tot•1 •xp•ndltur• 34.190 34,1 Net Incom• Tran8f8rs betwn furKI8 75,000 1151,326) 123.917 151,326 198,917 388.326 11 Not mov•m•nt In fvnd• (76.326) 275243 198,917 388.328 R•conclllatlon of fvnd•: Total funds brwht forward Net movement In funds 3B8.328 176,326 388,326 198,917 276 388,326 Totsl fund• carrfgd forw*rd 312,1)00 275243 587,243 388.328 Th• Statemènt of financlal activKi08 in¢knJes afi galns and h)M•s recogni8ed In th8 year. The nates on pay$ 8 to 15 fcrfm p¥t ofthose finarKial 8tat8m8nts. Page 6
IBC - In Porpetulty (A eompany Ilmit•d by guarante•} Rogl8tered number: 12649941 Balanc8 sh••t As at 30 June 2021 2022 2021 Flxed assets Investmant Propwty 623.969 623.959 Curront •ss•ts Debtorn Cash al bank arKI In hd 57,670 342,470 7.436 400.140 CrédRor8'. •munts fal&'ng kn wlthin one year 10 1441521 111.814) Not curr•nt Il•blllil•8 11•8•ts 136,7161 388.326 Tot•1 M••ts lem currnrt Il•bllhl•8 687,243 388.328 Net ai••ts •xcludlng p•n•lon •M•t Total n•t aM•ts 587,243 388,326 S87,243 388.326 Ch•rfty lunds Ro$trictwJ fund8 Unr•otriGted lund• 11 11 312.rAo 275.243 388,326 Total fund• $87,243 388.328 Th• charfty was entrfded to 8X11)n from audit under Mclion 477 of the Ctywnie8 Act 20r. The members have not required the cclnpany to obtain an audit for th? year in quoslK>n in accordan Kryth IOn 476 01 Companies Acl 20. Tha Trustees kne their Tespon9blits for CLynp'ng with the r•quirnm8nts of the Act wilh rg8PeCt to accounting records and preparation of financial StatenIS. The financi $1otemerrts have been pryared wi xcordwc¥ with the prthrysvs aPp1kab lo entit8 8ubfft6¢t lo the small eompanies regim8. financial 6tat*Mnt8 were approved arKI auth¢)1 lor issue by th8 TnMte8s and swJn&J on 1r behaff by. iAanwarfng (Chair of Trustees) Date.. 20 December 2023 The notes on p4es 8 to 15 fonn ofth•58 finala1 statwrnnts. Page 7
IBC - In PWpUlfy IA company Ilmlted ty guar•ntM) N¢)tts to th• financlal statements For thg ygar Md•d 30 June 2022 General Inforniollon The charity is a chaibtle company Imit•J by grntoe withcrt use of Sha ¢apit41. It was IncOaT8ted in ENJkqrKI Wales and regist•r•J office address J&k8 Hall, Hastings. TN34 1EN. untlTrg pollcl•• 2.1 Ba•1• of proratIOn ol flnanclal $tat•rn•nts The ffnaneial stslements ha¥e been prepared In eordaneé wlth tl Charities SORP IFRS 1021- Accounting and Reporting ty charit.. Statement of Recommended Practice applicable lo charities preparing their accounts in xcwdance with the Financkgl Reporting Standard applicable In the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). the Flnanciol ReportiThJ Slartrdard aFplicle in th• UK and Re11¢ of Ireland IFRS 1021 and the Comp• Ad 2006. IBC - In Parpty m••ts Il d•finition cl a pUbr entity und•r FRS 102. Asset8 liablitiès are retognwd at hi8torKal c08t or tr8n8actlon va8 unl•$8 Oth•rse stated in the relevant accounts.ng pc4icy. The8& account8 ar• prep8r¢d in pound¥ sloth rounded to ts neAresl whokn pound. 22 In¢om• All income is recognised once the charity has onlitl#ment to Ihe Income, it is probabb Ihol the inwme will receN•d and the rnnl of Irm& Tt¢ewabkn be MSUrnd reliably. Grants are Included in the Ststemenl of financlal 8Ctl¥ltles on a receNable b•sis. The baLqnce of Income ttl¥¢d for purpo888 but not expended during the p•riTrJ 1$ shown In the rean1 fvnds on the 8aLqnce sheet. Wheie income is received in •knnGe of onlitlement of rocelpl, ognitlon Is deferrnd and included in credrtorn •F dthTh•d inc(xn8. Whwe tItlement i)ccur8 before Income Is red, the income is accrued. 2.3 Expendltvrn Exponditure is recognised once th•re ra a legal or wnstructive oblkJatSon to transfer 8conornir ben•frt lo a third pwty, it o pr¢4)le that a transfer of beneffts bg required in $ettlemgnt and the amount of the obngatlon can be measured reliab. ExperHliture 13 claysifiod by acliwty. Th& costs ol each actimty are made up of thg total of direct c&)sls and shar6d eo$l$. indudirKJ supp¢)rt cos18 invofved in urKlertaking each octsvty. Direcl c08ts attrtulable to a single are allocated direclty lo Ihat &tMty. Shared c¢)Jts vthich COntriJIe to more than one athfy 8r¥J SUPPDrt costg which are not attribUt8e lo a Singb o¢tNity are apportK¥d beknn th0 xtivilies on a basis consi8tent wth the use of re50urc88. Cenlr81 sl8ff ¢08ts are al[(Vt on the basis of tkne 8pent. and depreatn charges afi¢Jcated on the wtion of the ass8fs use. Expenditure on charita)le activitRs is irred on directly undertaking th8 acbvKitr8 further tt charitls otyectNe8, as well as any assouated SUPFQrt cosl3. All expenditiffe is inclusive of irTecoverle VAT. 14 Investments Fixed asset invesfments are in the fcm of an investment property. The costs associated with th• prcpety ale Initi r8cognsed at their transacticffl cost Subsequentty measured al fair value the Bdance sheet date. Investsnenl gain5 and k>sses. whether r8alisad or unrealised. are combined and presented aS,Gain{LoSSOS> on investments. in the Stat8m8nt of finan¢r41 adNilies. Page 8
IBC . In P•rpetulty (A company limittd by guardntse) Nots8 to the fin•n¢i•l slat•ments For tho yr wdod 30 Jun• 2022 Accounllng pollcle# (e4Xrtinu•d IS D•btgr¥ Trad8 other debt¢)rs are recogni3 at the setllemenl nounl after any Ir•ae discount offered. Prepayments are vad at the am¢)unl prepa net ot any tr discounts due. 18 Cash at bnk and In hand C•$h 81 bank and in hand Incl8 cash and short4emi highty INJuid inveslments with 8 short maturty of three months or le88 from the date of wuisrtp)n or openry of the deposit or swnilar account. 17 Uablllll•s •nd provlslons Liabl19 aro recognised en thére is an oblvJation at the Balance sheet date as g r•sutt of a past 8vent. it is plAt40 that a Iransf8r of econorn benefft ¥11 be required in $ettlgrn8nt, and Ihg amount of the 8etllet can ba 88timated Uabilll¢s are rncognised at the amount that th• charty athipatej it will pay lo Iho debt or tho amount it Tej as advarwl pt8 for the go& or 8erAc68 tt mu8t prowd?. 18 FInal•l In•trum•nts The charity onty ha8 thartl•l •$s¢ts and finarrtial Wilrtw of 8 kind that qualmy as basic financial in8lrumen18. Basle flnancral Instrumen18 are initialy rectsJnis&l 8t tr•ns•ction value and 8ub8oquently mea8ured * their settknonl value wlth the exceptw of bank bans which arè subsequontly m••sured al wrn)rtiJ•d cost uilng thé eff•¢lpn interest method. 19 Fund •ccountlTho General funds • unr•stricW funds ar¢ for at th& dlfycletlon of the Trustees In furthèraneè of th? general objectrns of thè chaiity and have not be•n nated for other purpose4. Restricted funds are funds which are to bo used in xcordance wjth specffic rgstrictKinJ imposed by dor18 or havè been raised by tho charity for partrcular purFQStsS. The costs of ra181ng and 8dmlnr41erw such funds are chargod against the Jpecfft fund. The gim and use of each re8ldcled fvnd is set out in the notes to the financial Statements. Incom• from don•llon• and l•gxlo8 Total funds 2022 funds 2022 2022 Donatrons Grants 1,792 156,315 1,792 231.315 75.000 75.IXKI 158,107 233,107 Pago 9
IBC - In Perpetulty (A company limlted by guarantee) Notss lo the flnanclal 8t•tements For the y••r •ndod 30 Jun• 2022 Incom• fr(xn donatlons and l•gacles Icontinu•dl Re8tricled funds 2021 Total fvnds 2021 Don8tton8 391.970 391,970 Analys ol •xpèndltur• on ch•rhabh actfvltl• 8umm•ry by typ• Unr••trlctod fun 2022 Total 2022 Relk8t fy th• élderty 34.190 34,190 Unr88trlded funds 2021 Total 2021 Rdief tor th• eklerty An•ly8h of •xp•ndltur• by •¢llvhl AcllvltloB vnd•rtak dlMc¢ly 2022 Support costs 2022 Total funds 2022 Rellef lor the ewerly 24,191 9.999 M190 Activrti88 undertaken direcyy 2021 Tot81 fund$ 2021 Relief forthe eldety Pw10
IBC - In Porpetulty IA Company Ilmit•d by guarant••) Notos to th• flTran¢lal statements For th• yur •nd•d 30 Juno 2022 Analy819 of exp•ndlturn by athits•s Ic¢)ntlDued) An01&1 of dlr•ct costs R•li•f for th• end•rty 2022 Total funds 2022 InsurarKe Profess81 ftss Trav81 M8rkeling Roles Light & He Rep•rn Printing po8t4• and thtthary 4.744 2.642 1,469 4744 2.642 1,489 190 1,964 3.827 9.292 73 1.954 3,827 9,292 73 Total 2022 24,191 24,191 R•lief for tho 8fKloty 2021 Total lund$ 2021 Insufance 3,644 Tol812021 Analysh of support c¢Mts Roll•f for th• •nd•rly 2022 Total funds 2022 Total funds 2021 Bank feeg 9,900 9.999 9.999 Ind•p•nd•nt examln•fs MmuneratFon The independent examinerfs remuneration ounts to an indewdgnl examlner fee of £1,(Y)O Q021 - £1.000), and Accounting semces & £3,95012021- £3.950). Page 11
IBC . In P•rpetulty (A company Ilmlt•d lry guarants•) Not•s to the Ilnonclal ¥latements Forth• yMr •nd8d 30 Jun• 2022 Tru8tets' r•muneradon and exp•rb Lring IhÉ yew, no Trustees any [)uneratiOn or (thr ber)efft8 (2021- £NIL}. During the yw ended 30 June 2022. expanse8 10ts1liry £173 wero reimbur88d or paid dlreclly lo 1 Trustee12021 - £NIL) Tho expenses vme for mileage claims. Inveslm•Trt pvop•rty Froohold Invttstmgnt proyty Valu•tlon Additions 623.959 At 30 June 2022 623.959 The investment prcp•rty w98 y8j by ts trusta•s on 30 June 2022 •1 an open market value for an &Xi5ting uso bao Dobtorn 2022 2021 Due wlthln ono yr Oiher deblorn PreposThntJ and a¢¢rued 45,000 12,670 57,670 10. Cr•dltorn: Amounts falllng duo %In on• y••r 2022 2021 Other cred*ors ACenlS and d8lerred irKo 11,814 44.152 11,814 Page 12
IBC- In P•rytulty (A company Ilmlted ty guarant••) Notss to tho flnanGl•l stat•m•nts For the yoar ond•d 30 June 2022 11. Stat•m•nt ol fvnd¥ ststemènt ol funds- currert ymr Balanc• at JO Jung 2022 Balanc0 al I Juty 2021 Transfern iThlout Income Exp•ndlture Unfo1¢ lund• Genral fund Invgslmgnl property fund- capild ad(Itions 158,107 (34,1901 (160,633 136,7161 311,969 311,959 158,107 134,1901 161,326 275,243 Rostrlct•d fund Inv881m8nt pr¢pety fvnd- Pureha6e donations Investment Property fund- Magdalen and La8h•r 388.326 (161A28 237,000 76.000 76,000 388,326 76.000 1151,3261 312.000 rotal of fund• 388,326 233.107 {34.1901 587.243 R•strlct•d funds All restricted fvnds w8r8 fty the purpose ol the purcha8¢ and rwvjvatlon of the Isabelle Blackman C•nlT•. At the year end trustees consthred that thty had fuiffded Ihr thligations in r05P8Ct ol purchaslng the centre wilh the fvnds donated. Of these funds £151,326 hag been Teleased to the general fund leavirvJ £312.OCQ as a restricted fixed as8el fund, this represents the ini1181 purchase price ottributable to the liabelle Blackman Cenlre, plus attriwlo redevekwenl costs Ththich 1$ to bts on 8n on-going bas[8 in ofd8r to allow the chanty to fulfil ts charrtable puw. P•Je 13
IBC - In Porpetulty (A Company 11m1t lry guarante•) Not•s to the flnancial sLitements For thfr year ¢nded 30 June 2022 11. ststoment of fvnd¥ Icontlnu•d) Statement of fund¥ - prfor y•v Balance at 30 June 2021 Income Unr•strkt•d funds General Fund8- 811 fvnds Balance at 30 June 2021 R•8trlct•d funds Investment pmpety fvnd. Purthase donakns 388.328 388,328 Tol•l olfunds 388.326 388,326 12. Analysls ol n•t •u•ts b•tw••n fund• Analy¥l¥ of n•t ts••ts b•lw••n fund•- curr•nt yr R••trlct•d UnMAtrlet•d fund• funds 2022 2022 Total funds 2022 Inveslrnenl property Currgnl a8$9ts Creditors due withln on¢ year 312.000 311.959 7.436 (44,1521 623.959 7,436 {44.152) 312.ty)0 275,243 587.243 Page 14
IBC - In Porpetulty (A company Ilmlted by guarant99} Notes to th• financlal slat•mMts For t y•ar end•d 30 Juno 2022 12. Analysis of n•t aM•ts bwtwwn funds Icontlnu•dl Analys1¥ of not a884ts be1t funds- prfor ye•r Restritod bJnds 2021 Total funds 2021 Current a888 Creditors du8 wthin one y 400.140 111,8141 400,140 (11,814) Totsl 388.326 388.326 13. R•l•tod yrty tr•n•actlon• S Hare one ol th• tharity'8 tru6tee818 alw th6 Chiel Executh* ofAUKES. Durlng the year the charity entwed into an agrewnent wilh AUKES in réknIn lo rt• financl81 and managerial 8UPPOrt. AB as Support the charity entered Into a ser Le1 Agreem•nl wth AUKES for them to project mawe t renovaliM PTLi8d * the Isabel Bl&kman Centre. Durlng the ¥r Gosls t¢Mard8 th& ronovatw incwrnd by AUKES lotaled £183,23812021.' £12,670). At tha balance sh••t dale OUnt dug to AUKES was £34,252 (2021.. £11.8141. Page 15