## **Hope Church Vauxhall** 

# **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS** 

# **FOR THE PERIOD ENDED 31 AUGUST 2024** 

**Charity Number: 1193046** 

JCS Accountants Limited 5 Robin Hood Lane Sutton Surrey SM1 2SW 



## **Hope Church Vauxhall** 

## **FOR THE PERIOD ENDED 31 AUGUST 2024** 

|Contents|Page|
|---|---|
|Reference and administrative information|1|
|Trustees’ report|2-5|
|Independent examiner’s report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9-15|





**Hope Church Vauxhall Reference and Administrative Information** 

|**Trustees**|Samuel G Gibb (Minister and Chair)|
|---|---|
||Lloyd N Williams|
||Kevin J Croft|
|**Charity registered number**|1193046|
|**Registered office**|Vauxhall Christian Centre, 105 Tyers Street, London SE11 5HS|
|**Key management personnel**|The Trustees|
||Clayton Gillespie (Treasurer)|
|**Independent Examiners**|JCS Accountants Limited|
||5 Robin Hood Lane|
||Sutton|
||Surrey|
||SM1 2SW|
|**Bankers**|NatWest Bank|
||London Bridge Branch|
||10 Southwark Street,|
||Bermondsey SE1 1TJ|



Page 1 



**Hope Church Vauxhall Trustees’ Report for the period ended 31 August 2024** 

The Trustees, present the Trustees' Annual Report for the period ended 31 August 2024. This report has been prepared in accordance with the Trust Deed, the Charities Act 2011, the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing Document** 

The charity is a CIO, registered with the Charity Commission on 8 January 2021 and governed by it’s Constitution of the same date. 

## **Recruitment and appointment of Trustees** 

Trustees of the charity also serve as elders of the church. When appointing a new trustee eligibility criteria is checked before the trustees meet to formally vote on the new trustee being appointed. 

Trustees are trained on an ad hoc basis when suitable training is required. Kevin Croft has attended trustee training regarding safeguarding, delivered by Thirty One Eight. 

## **Organisational Structure** 

Samuel Gibb serves as the chair of the trustees, he currently the only paid trustee of the charity. Lloyd Williams chairs our meetings, and ensures that actions are recorded. Kevin Croft serves as the safeguarding trustee. All other responsibilities are shared between the trustees as required. 

Various activities and ministries that are run as part of Hope Church Vauxhall on the whole are run by ministry leads. These leads have budgets to work in and ensure the save running of said activities. This enables the trustees as elders to focus on prayer, pastoral support and the preaching of the Bible. 

We have sought advice from 3[rd] party organisations regarding the pay of our staff members. 

## **Risk management** 

The Trustees believe they are aware of the major risks to which the charity is exposed and that controls are in place to mitigate them. 

## **OBJECTIVE AND ACTIVITIES** 

The purposes of the church are : 

- the advancement of the Christian faith in accordance with the basis of faith, primarily, but not exclusively, within the London Borough of Lambeth. 

- put into practice the Christian faith in accordance with the basis of faith, including: the prevention and relief of need, hardship and sickness; the provision of facilities in the interests of social welfare. 

## **Principal Funding Sources** 

The charity is funded mainly by donations from the regular members of the church. We have also received financial support for other churches from both in the UK and oversees. Some of these payments are one off payments, as noted in our financial report. 

The expenditure has provided all the above ministries to the church and the community mostly free of charge, including regular meals, equipment and activities for youth groups, toddler groups and basic provisions for those in need. The charity pays for a full-time salaried pastor who provides pastoral support and prayer for the church and the community throughout the week, including hospital visits, prayer, attending funerals and preaching on a Sunday. 

Page 2 



**Hope Church Vauxhall Trustees’ Report for the period ended 31 August 2024 continued** 

## **ACHIEVEMENTS AND PERFORMANCE** 

We had our first away day where the majority of the church members came together for a day of teaching and fellowship together. This was well received by the church members and we plan to run these hold these days on an annual basis (Normally in January each year). 

The elders of the church had a day away in February to think about plans going forward for the next year. One major decision that was made was the plan to start preparing to plant a new church on another estate in South London. We have since shared this with the church family and there is support for this plant to begin in the coming years. 

The church membership has continued to increase, and we have had a couple of baptismal services as well. These have been a cause of great joy in the church family. 

We made the decision to cease the weekly boy’s youth group and plans were put in place to merge the existing girls group to have a mixed secondary school aged youth group that would meet on a fortnightly basis. 

Our full time pastor Samuel Gibb, has taken a 3-month sabbatical June-August. This was a time of both spiritual refreshment and well as time to rest and spend time with his family. The pastoral care was overseen by the other elders Shane Goodyear, Lloyd Williams and Kevin Croft. 

## **Public benefit** 

The Trustees believe they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. 

All the activities of the Charity (as summarised below) were undertaken to further its charitable purposes for public benefit. 

- A football training session for young people and young men 

- A parent and toddler group 

- A community café 

- A lunch club 

- A bi-weekly youth group (Secondary school aged children) 

## **Volunteers’ contribution** 

Without the support of volunteers the ministries listed above would not run. Volunteers give their time and use their God given gifts and talents to serve in many of these areas. 

## **Grant making policy** 

We do support several mission partners both in the UK and oversees. We have agreed that 10% of our income is to go towards missions. Currently these gifts support workers in London, the UK and abroad. 

## **Fundraising** 

In line with the reporting requirements included in the Charities Act 2016, the Trustees are pleased to confirm that all fundraising is done in compliance with best fundraising practice. No complaints were received about our fundraising practices. 

Page 3 



**Hope Church Vauxhall Trustees’ Report for the period ended 31 August 2024 continued** 

## **Partners** 

We have a good and closing working relationship with the following organisations 

- Co- Mission 

- FIEC 

- London City Mission 

## **FINANCIAL REVIEW** 

During the 7 months period, income exceeded expenditure by £7,143 (12 months period to 31[st] January 2024: income exceeded expenditure by £38,819). The surplus has increased the charity’s reserves. 

## **Reserves Policy** 

The charity, in line with Charity Commission guidance, has a minimum 3 months reserves at all times. At 31 August 2024 the charity had reserves of £95,574, of which £12,893 was restricted and £82,701 was unrestricted. 

We also plan to open a higher rate savings account with Kingdom Bank to ensure that any surplus funds are being used in a way to benefit the charity 

We have changed the financial year ending to 31[st] August, to align and aid with the budgeting and forecasting going forward. 

## **Future plans** 

We are planning to recruit a new full time pastor in 2025. The main responsibility working alongside the other elders in pastoral care of the church family and to seek to establish and new core team to plant a new church on a local estate in 2026. 

Page 4 



Hope Church Vauxhall
Trustees, Report for the period ended 31 August 2024 continued
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The irustees are responsible for preparing the Trustees. Report and the financial statements In
accordancé wlth applicable law and United Kingdom Accounting Standards, including Financlal
Reporting Standard 102". The FinanGial Reporting St8nd8rd applicable in tha UK and Rapubllc of
Iréland (United Klngdom Generally A¢￿pted Acwunting Practic61.
Charity law requires the trystees to prepar8 finanual 5tat8m8nts for each flnancial year which give a
true and fair vlew of the state of affairs of the ch8rity and of the inGom9 and expenditure, of the charfly
for that p8riod. In preparing these financlal statements. th8 trustees are requir8d to:
88le¢t suitsble accountlng policie8 and then apply them consistently,
observe th8 methods and princlples In th8 Charitles SORP;
make judgments and acGounbng estimates that are reasonabl8 and prudent.,
6tate whether appliGable UK Accounting Standards have b8&n followed, subject to any material
departures dlsclosed arKI explained in the financial statements, and
prepare the financial stat8menls on the going concem basis unl8ss It is Inapproprlate lo pr8sume
that the charitable company wlll Gontinue in business.
The trusle88 arè responsible for maintaining proper accounting records whlch disdosa wllh
reasonable accuracy at any Jme the Ilnancial positlon of the charitable company and enable them lo
ensure that the flnancial ststem8nts comply with the Charities Act 2011. They are also r&sponslble for
safeguarding the assets of the charitable company and hence for laking reasonable s18ps for the
prevention and d8t8ction of fraud and other Irregularit￿8.
The Trustees rèport was approved and was signed on b8half of thè Trustees by.
Trustee
Date.. so /6/L£S
PaoB S

Hope Church Vauxhall
Independent Examinerfs Report
Independent exarninerf$ report to the trustees of Hope Chur¢h Vauxhall
I report to the charity trustees on my examination of the a¢counts of Hope Church Vauxhall
I'the charity,) for the period ended 31 August 2024.
Respon$lbllities and basls of report
As the charity's trustees you are fesponsible for the preparation of the accounts in
accordance with the requirements of the Charrties Act 2011 ('the Act.).
I report in respect of my examination of the Trusl's accounts as carried out under section 145
ol the Act and in carrying oul my examination I have followed all the applicable Directions
given by Ihe Charrty Commission under section 14515)Ibl of the Act.
Independent examlnetrs statement
I have completed my examination. I confiTm that no matters have come lo my attention in
conneclion with the examination giving me cause to believe that in any material respect-
acoounting records were not kept in respect of the Tiust as required by 58Ction
130 of the Act., or
2. the accounts do nol accord with those records., or
3. the accounts do not compfy with Ihe applicable requirements concerning the
form and contenl of accounts sel out in the Charitie5 (Accounts and Report)
Regulations 2008 other than any Tequiremenl that the accounts give a 'true
and fair view, which is nol a matter considered as part of an independent
examination., or
4. the accounts have not prepared in accordance wrth the methods and
principles of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in
accordance with Ihe Financial Reporting Standard applicable in the UK and
the Republic of Ireland (FRS 102>
I have no concerns and have come across no other matters in connection with th6
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to bè reached.
Miriam Hickson CTA FCA
JCS Accountants Limrted
5 Robin Hood Lane
Sutton
Surrey
SM12SW
Dale.. 30 JLLwL ZOZS
Page 6

## **Hope Church Vauxhall Statement of Financial Activities for the period ended 31 August 2024** 

|||||**7m to**|||**12m to**|
|---|---|---|---|---|---|---|---|
|||||**31.08.2024**|||**31.01.2024**|
||**Notes**|**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|**Income from**||||||||
|Donations and legacies|**2**|68,388|12,517|80,905|118,294|7,296|125,590|
|Charitable activities|**3**|485|-|485|993|-|993|
|Investments|**4**|10|-|10|13|-|13|
|||──────|──────|──────|──────|──────|──────|
|**Total income**||68,883|12,517|81,400|119,300|7,296|126,596|
|||──────|──────|──────|──────|──────|──────|
|**Expenditure on**||||||||
|Raising funds||||||||
|Charitable activities|**5**|67,139|7,118|74,257|84,125|3,652|87,777|
|||──────|──────|──────|──────|──────|──────|
|**Total expenditure**||67,139|7,118|74,257|84,125|3,652|87,777|
|||──────|──────|──────|──────|──────|──────|
|**Net income**||1,744|5,399|7,143|35,175|3,644|38,819|
|**Transfers between funds**||-|-|-|-|-|-|
|||──────|──────|──────|──────|──────|──────|
|**Net movement in funds**||1,744|5,399|7,143|35,175|3,644|38,819|
|**Reconciliation of funds**||||||||
|Total funds brought forward||80,957|7,494|88,451|45,782|3,850|49,632|
|||──────|──────|──────|──────|──────|──────|
|**Total funds carried forward**||82,701|12,893|95,594|80,957|7,494|88,451|
|||══════|══════|══════|══════|══════|══════|



All of the above results are derived from continuing activities.  All gains and losses recognised in the period are included above. The notes of pages 9 to 15 form part of these financial statements. 

Page 7 



Hope Church Vauxhall
Notes to the Flnancial Statements for the period ended 31 August 2024
31.08.2024
31.01.2024
Not
Flx•d a880ts
TarYJible assets
7.431
6,518
Curront assèts
D?blor8
Cash al bank and in hand
8.410
88.405
29.188
58,808
96.815
87,996
Crodltors.. AmcrtJn15 falling due wlthln one
year
10
8.652
6.063
N•t curT•nt ass•t8
88.183
81,933
N•t u••ts
12
95.&a4
88.451
Fund8
Reslricied Funds
Unrestr￿ted Funds
11
11
82,701
12.893
80.957
7,494
Total funds
9S,594
88,451
The noles on pages g 10 15 fom part of these financial slalements.
These financial statements were approved by the board of Iruslees and aulhorised for issue on
30 June 2025 and are signed on behalf of th8 board by..
Kevln J Croft
Trustee
Pag8 8

**Hope Church Vauxhall Notes to the Financial Statements for the period ended 31 August 2024** 

## **1 ACCOUNTING POLICIES** 

Hope Church Vauxhall is a CIO and an unincorporated, registered charity. The address of the registered office is: Vauxhall Christian Centre, 105 Tyers Street, London SE11 5HS 

## **1.1 Basis of preparation** 

The financial statements have been prepared under the Charities Act 2011, and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), and Financial Reporting Standard 102 (FRS 102). 

The financial statements are prepared in sterling, rounded to the nearest pound. The charity is a Public Benefit Entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **1.2 Going concern** 

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Income** 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

## **1.4 Expenditure** 

All expenditure is accrued as soon as a liability is considered probable, and has been classified under headings that aggregate all costs related to the category. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

## **1.5 Tangible fixed assets and depreciation** 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. 

Depreciation is provided on the following basis: 

Equipment 20% straight line Fixtures and fittings 20% straight line 

Page 9 



**Hope Church Vauxhall Notes to the Financial Statements for the period ended 31 August 2024 continued** 

## **1 ACCOUNTING POLICIES (continued)** 

## **1.6 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **1.7 Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. Provisions have been calculated at the best estimate of the settlement amount. 

## **1.8 Financial instruments** 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **1.9 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

## **1.10 Accounting estimates and judgements** 

There were no significant estimates and judgements made by the charity. 

Page 10 



## **Hope Church Vauxhall Notes to the Financial Statements for the period ended 31 August 2024 continued** 

## **2 Donations and legacies** 

|||||**7m to**|**12m to**|
|---|---|---|---|---|---|
|||||**31.08.2024**|**31.01.2024**|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Donations||59,978|12,517|72,495|96,402|
|Gift aid||8,410|-|8,410|29,188|
|||──────|──────|──────|──────|
|||**68,388**|**12,517**|**80,905**|**125,590**|
|||══════|══════|══════|══════|
|**3**|**Charitable activities**|||||
|||||**7m to**|**12m to**|
|||||**31.08.2024**|**31.01.2024**|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Weekend/day away income||20|-|20|348|
|Kids & youth work income||225|-|225|175|
|Contributions for materials and||||||
|refreshments etc||240|-|240|470|
|||──────|──────|──────|──────|
|||**485**|**-**|**485**|**993**|
|||══════|══════|══════|══════|



**4 Investments** 

||||**7m to**|**12m to**|
|---|---|---|---|---|
||||**31.08.2024**|**31.01.2024**|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**£**|**£**|**£**|**£**|
|Bank interest received|10|-|10|13|
||────|────|────|────|
||**10**|**-**|**10**|**13**|
||════|════|════|════|



Page 11 



**Hope Church Vauxhall Notes to the Financial Statements for the period ended 31 August 2024 continued** 

## **5 Expenditure on charitable activities** 

||||**7m to**|**12m to**|
|---|---|---|---|---|
||||**31.08.2024**|**31.01.2024**|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**£**|**£**|**£**|**£**|
|Staff – Salaries and pensions|18,118|6,928|25,046|61,222|
|Staff – other staff costs|17,613|-|17,613|-|
|Ministry Costs|12,687|190|12,877|17,282|
|Grants paid|12,200|-|12,200|1,200|
|Depreciation|1,237|-|1,237|3,275|
|Support costs (note 6)|5,284|-|5,284|4,798|
||──────|──────|──────|──────|
||**67,139**|**7,118**|**74,257**|**87,777**|
||══════|══════|══════|══════|



## **6 Support costs** 

||**7m to**|**12m to**|
|---|---|---|
||**31.08.2024**|**31.01.2024**|
||**Total**|**Total**|
||**£**|**£**|
|Office expenses|916|1,092|
|Insurance|391|103|
|Web and IT costs|-|18|
|Repairs and maintenance|587|-|
|Independent examination fee|1,440|1,440|
|Accountancy fee|1,950|2,145|
||──────|──────|
||5,284|4,798|
||══════|══════|
|**7**<br>**Staff costs and related party transactions**|||
||**7m to**|**12m to**|
||**31.08.2024**|**31.01.2024**|
||**Total**|**Total**|
||**£**|**£**|
|Wages and salaries|22,883|55,696|
|Social security costs|691|3,290|
|Pension costs|1,472|2,236|
||──────|──────|
||25,046|61,222|
||══════|══════|



**7 Staff costs and related party transactions** 

Page 12 



**Hope Church Vauxhall Notes to the Financial Statements for the period ended 31 August 2024 continued** 

## **7 Staff costs and related party transactions (continued)** 

The following remuneration was paid to a trustee (for his services as a Minister, in accordance with the charity’s constitution, being a minority of the trustees): 

||**____ 7 months to 31.08.2024   ___**|**__  Year_**|**_ended 31.01.2024_____**|
|---|---|---|---|
||**_Salary Pension & NI    Rent_**|**_Salary_**|**_Pension & NI   Rent_**|
||**_£_**<br>**_£_**<br>**_£_**|**_£_**|<br>**_£_**<br>**£**|
|Sam Gibb - Trustee|15,133<br>2,640<br>17,613|53,500|<br>8,329<br>-|



During the period, the Church paid rent of £17,613 (12 months to 31[st] January 2024: £Nil) to Sam Gibb for the accommodation of Sam Gibb. This is permitted by the charity’s constitution. 

The total aggregate remuneration of Key Management Personnel for the period was £35,386 (12 months to 31[st] January 2024: £61,829). 

Trustees were reimbursed £1,298 for European Leadership Forum, Commission conference, subsistence & hospitality in the 7 month period to 31 August 2024 (Year ended 31 January 2024: £589). 

During the same period, a total unrestricted income of £6,695 was received from the trustees (YE 31 January 2024: £11,940). 

## **8 Tangible fixed assets** 

|||**Fixtures**||
|---|---|---|---|
||**Equipment**|**&**|**TOTAL**|
|||**Fittings**||
||**£**|**£**|**£**|
|**Cost or valuation**||||
|At 1 February 2024|9,393|400|9,793|
|Additions|1,757|393|2,150|
||──────|──────|──────|
|At 31 August 2024|11,150|793|11,943|
||──────|──────|──────|
|**Depreciation**||||
|At 1 February 2024|3,175|100|3,275|
|Charge for the year|1,184|53|1,237|
||──────|──────|──────|
|At 31 August 2024|4,359|153|4,512|
||──────|──────|──────|
|**Net Book Value**||||
|At 31 August 2024|6,791|640|7,431|
||══════|══════|══════|
|At 31 January 2024|6,218|300|6,518|
||══════|══════|══════|



Page 13 



**Hope Church Vauxhall Notes to the Financial Statements for the period ended 31 August 2024 continued** 

|**9**|**Debtors**|||
|---|---|---|---|
|||**At 31.08.24**|**At  31.01.24**|
|||**Total**|**Total**|
|||**£**|**£**|
|Tax recoverable||8,395|29,188|
|||──────|──────|
|||8,395|29,188|
|||══════|══════|
|**10**|**Creditors: Amounts falling due within one year**|||
|||**At 31.08.24**|**At 31.01.24**|
|||**Total**|**Total**|
|||**£**|**£**|
|Taxation and social security||206|1,679|
|Other creditors||334|301|
|Accruals & deferred income||8,112|4,083|
|||──────|──────|
|||8,652|6,063|
|||══════|══════|



## **11 Funds** 

||**Balance at 1**|**Income**|**Expenditure**|**Balance at 31**|
|---|---|---|---|---|
||**February**|||**August**|
||**2024**|||**2024**|
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|General funds|80,957|68,883|(67,139)|82,686|
||────|──────|──────|──────|
|**Restricted funds**|||||
|Hardship fund|3,609|285|(190)|3,704|
|Administrator fund|3,885|12,232|(6,928)|9,189|
||────<br>|──────|──────<br>|──────|
||7,494|12,517|(7,118)|12,893|
||────|──────|──────|──────|
|**Total funds**|88,451|81,400|(74,257)|95,594|
||═════|══════|══════|══════|



Page 14 



**Hope Church Vauxhall Notes to the Financial Statements for the period ended 31 August 2024 continued** 

|**11**|**Funds (continued)**|||||
|---|---|---|---|---|---|
|||**Balance at 1**|**Income**|**Expenditure**|**Balance at 31**|
|||**February**|||**January**|
|||**2023**|||**2024**|
|||**£**<br>|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General funds||45,782|119,300|(84,125)|80,957|
|||──────|──────|──────|──────|
|**Restricted funds**||||||
|Hardship fund||3,850|1,180|(1,421)|3,609|
|Administrator fund||-|6,116|(2,231)|3,885|
|||──────|──────|──────|──────|
|||3,850|7,296|(3,652)|7,494|
|||──────|──────|──────|──────|
|**Total**|**funds**|49,632|126,596|(87,777)|88,451|
|||══════|══════|══════|══════|



Hardship fund – The Hardship fund is a setup dedicated towards helping those in unexpected or unavoidable financial or situational difficulties. It is aimed at those within the church membership and wider church community, with preference towards official church members. 

The Administrator fund relates to donations received to fund the role of an administrator to assist with day to day running of the Church. 

## **12 Analysis of net assets between funds** 

||**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|
||**£**|**£**|**£**|
|Fund balances at 31 August 2024 are represented by:||||
|Fixed assets|7,431|-|7,431|
|Current assets|83,922|12,893|96,815|
|Creditors due within one year|(8,652)|-|(8,652)|
||──────|──────|──────|
|**Total net assets at 31 August 2024**|82,701|12,893|95,594|
||══════|══════|══════|
||**Unrestricted**|**Restricted**|**Total**|
||**£**|**£**|**£**|
|Fund balances at 31 January 2024 are represented by:||||
|Fixed assets|6,518||6,518|
|Current assets|80,502|7,494|87,996|
|Creditors due within one year|(6,063)|-|(6,063)|
||──────|──────|──────|
|**Total net assets at 31 January 2024**|80,957|7,494|88,451|
||══════|══════|══════|



Page 15