REGISTERED CHARITY NUMBER: 218005 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF CONTENTS OF THE FINANCIAL STATEMENTS for th8 year ended 31 March 2024 Page Report of the Trusteès Independent Examlner's Report statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements 8 to 15
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF REPORT OF THE TRUSTEES for the year ended 31 March 2024 The Irustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. 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) (effective 1 January 2019). Governlng document Rules adopted 2 June 1954 as amended 20 February 1996 (and letter 3 July 1963> and scheme 9 March 1976. The charity constitution was updated on 24 April 2017. Constitutlon The charity was founded in 1910, and its principal office is the Henry Fry Centre. Hertford Place, Covenlry. It Is registered with the Charity Commission under registration number 218005 and when planning activities the trustees consider the Charity Commisslons guidan on public benefit. OBJECTIVES AND ACTIVITIES Objectlves and alms Objects The objects of the charlty are to promote. for the benefft of deaf persons residing In the formar County of WaiCk (as at March 1974) and now fomiing part of the County of West Midlands (excluding the City of Blrmingham), any charitable aclivity which wll have the object of improving the conditions of life of the sald persons. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when revlewing our aims and objectives and in planning our future activities. D8af people are those who are deaf, deafened, hard of hearing, deaf-blind and members of the diverse Deaf Communlty. How our actlvltles dellver publlc bèn8flt Such support should enhance the Ilfe of all deaf people with regard to their place In soclety. The Association also acts as a forum by which the wider community, trf)Ih institutionally and individually, may communicate wllh deaf people. Coventry & Warwickshire Association for the Deaf aim to provide a public benefit in the form of a more inclusive society. Grant maklng The charity invites appllcations from soaetles for the deaf and individuals who are deaf within its geographlcal area. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles Coventry & Warwlckshlre Assoclatlon for the Deaf - General The losses which occurred during 202112022 and recent years did not continue inlo 202312024. The small surplus made was achieved as a result of the board making the most out of the Centre and cuttlng back on expenditure as much as possible. as well as seeking grants to support its work. The charity did not provide any grants during the year or in the previous year. CWAD has also been supporting the Coventry & Wapwick Deaf Community by providing and running the Centre which is used by the Coventry Deaf Sports and Social Club and houses other activities for the deaf community to enable them to thrive. This has kept vital senilS to the deaf community open. The Charity continues to work to refocus lo ensure the servicEs offered are relevant to the Deaf Community. Page 1
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF REPORT OF THE TRUSTEES for the year 8nd8d 31 March 2024 FINANCIAL REVIEW Flnanclal positlon Incoming resources during the year amounted to £42.334 (2023". £85,969). This decrease is mainly due to the complete ceasing of the CWSLIS in 2023. Resources expended totalled £52,064 (2023: £56,406>. on Gains on investments amounted to £26,156 (2023: £24,769 loss), with the overall result that total funds increased by £16.426 to £438,658. Reserves and Investment pollcy The Trustees have examined the charitys requirements for reserves in light of the maln risks to the organisation. The Henry Fry Cenlre is the base of the charity and is also used to provide "in kind" support to local groups that support the deaf community. A minimum level of reserves is maintained for the production of the centre, an additional £100,000 approx is required for improvements and as a contingency for major repairs of which the most pressing is the immediate need for a roof. The balance of the General Fund covers the charitable grants to deaf individuals and groups and management of the charity. This balance has been determined to allow the Charity some funds to reshape its focus if necessary and to enable it to continue to provide charitable support for a minimum of 2 years if funding from other sources ceased. The Charity's overall minimum reserves total £175,000 against actual reserves at 31 March 2024 of £438,658. This currently gives a buffer of £263,658. The Trustees regularfy review the level of reserves In the light of current needs and plan activities for public benefil accordingly. Funds not required at short notice are Invested on a defensive strategy on a lower to medium risk profile. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its goveming document, a deed of trust and constitutes an unincorporated charity. Organlsatlonal structure The charity is managed in accordance with its rules by a management committ88. Th@ management committee is entirely made up of volunteers whose prime responsibility is applying the association's funds in accordance with the objects of the charity. The latest amended rules were adopted at the Annual General Meeting of the association held on Tuesday 20 February 1996 and the constitution was updated at the Annual General Meeting of the association held on Monday 24 April 2017. There are no specffic restrictions imposed by the governing document conceming the VRY in which the charity operates. There are no specific investment powers other than those imposed by the Charity Commission or by statute. Page 2
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF REPORT OF THE TRUSTEES for the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Inductlon and tralnlng of new trustees Trustees are appointed by the members at the Annual General Meeting and seNe for one year after which period they may put themselves up for re-appointment. The trustees are responsible for preparing the Trustees Report and the financial statements. The financial statements have been prepared in accordan with the accounting policies sel out in the notes to the accounts and comply with the charills govemiro document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of recommended practice applicable to charities preparing their accounts in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charlties (SORP 2015 (FRS102)). Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of reSoUrS of the charity for that period. In preparing those financial statements, the trustees are required to: Select suitable accounting pollcles and then apply them consistently. b. Make judgements and eslimates that are reasonable and prudent., c. Prepare the financial statements on the going conrn basls unless It is inappropriate to presume that the charity will continue ils activities. d. Observe the methods and principles In the Charity SORP The trustees are responsible for keeping proper accountlng records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the requirements of the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitles. Rlsk management The trustees have examlned the major strategic, busin& and operaiional rlsks that the charity faces and have established procedures to lessen these risks. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 218005 Prlnclpal address Henry Fry Centre Hertford Place Coventry West Midlands CV13JZ Trustees J Brown J Blackley L Barnes R Randell (resigned 23.3.24) L Spicer (resigned 23.3.24) SAII V Carter Page 3
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF REPORT OF THE TRUSTEES for the year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS 5ndependent Examiner LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV56UB Advisers Bankers HSBC Bank PIC 516 High Street Coventry CV15RE PLANS FOR THE FUTURE We aim to increase the levels of grants given to previous levels. develop new sel¢e$ for Ihe Deaf Community and maintain links with the Independent Interpreting SeNice. We aim to make improvements of the Centre to maximise the benefit it provides. The Trustees will continue to manage costs and make savings where possible. Approved by order of the board of trustees on 29 January 2025 and signed on its behalf by: ley - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF Independent examinerfs report to the trustees of Coventry & Warwlckshlre Assoclatlon for the Deaf I report to the charity trustees on my examination of the accounts of Coventry & Wal¢kSh1re Association for the Deaf (the Trust) for the year ended 31 March 2024. Responslbllitles and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACV). I report in respect of my examination of Ihe Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(bl of the Act. Independent examlnetrs statement I have completed my examination. I confim that no material matters have come to my attention In connection with the examination giving me cause to believe that in any material respect.. accountlng records were not kept In respect of the Trust as requlred by Sectlon 130 of the Act,, or the accounts do not accord with those records; or the accounts do not comply with the applicable requir8ments concerning the form and cont8nt 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 concems and have come across no other matters In connectlon wlth the examlnatlon to whlch attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. M D Spafford FCCA FCA LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Covenlry Wesl Midlands CV5 6UB 29 January 2025 Page 5
COVENTRY & WARWICKSHIRE ASSOCIATEON FOR THE DEAF STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Reslficted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 521 521 7,521 Investment income other income 11.553 30,260 11,553 30,260 10,147 68,301 Total 42,334 42,334 85,969 EXPENDITURE ON Raising funds 2.568 2,568 2,557 Charltable actlvltles Grants and services Interpretlng servl 49,496 49,496 39,684 14,165 Totsl 52,064 52,064 56,406 Net gainsl(losses) on investments 26,156 26,156 (24,769) NET INCOME 16,426 16,426 4,794 RECONCILIATION OF FUNDS Total funds brought forward 422,232 422,232 417,438 TOTAL FUNDS CARRIED FORWARD 438,658 438,658 422,232 The notes form part of these financial statements Page 6
COVENTRY & WARWICKSHIREASSOCIATION FOR THE DEAF BALANCE SHEEr 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted fund Notes FIXED ASSETS Investments 360,033 360,033 330,309 CURRENT ASSETS Debtors Cash at bank 4.993 77,910 4,993 77,910 5,938 90,967 82.903 82,903 96,905 CREDITORS Amounts falling due withln one year 10 (4,278) (4,278) {4,982) NET CURRENT ASSETS 78,625 78,625 91,923 TOTAL ASSETS LESS CURRENT LIABILITIES 438,858 438,658 422,232 NET ASSETS 438,658 438,658 422,232 FUNDS Unrestricted funds 11 438,658 422,232 TOTAL FUNDS 438,658 422,232 The financial statements were approved by the Board of Trustees and authorised for issuè on 29 January 2025 and were signed on ils behalf by.. Jft61cxdL ackley- Trustee The notes fomi part of these financial statements Page 7
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 ACCOUNTING POLICIES Basls of preparfng the flnanclal ststements The financial statements of Ihe charity, which is a public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparing their accounts in accordanc@ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which ar8 included at market value, as modified by the revaluation of certain assets. The financlal statements have been prepared to give a Irue and fail view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Ac£ounting and Reporting by Charities.. 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 vthich has slnce been V•ithdravm. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities {SORP 2015 (FRS102)). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. Income All income Is recognised in the Statement of Financial Actimties On the charfty has entillement to the fvnds, it is probable that the income will be received and the amount can be measured reliably. All income is recognised once the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Vllhere income is received in advan of conlracled hours it is deferred until the charily is entitled to that income. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Amounts owing to the Assoclation at 31 March are shown as debtors. less provision for amounts that may prove non-collectable. Investment income Is recognised on a receivable basis. No amounts are included in the accounts for seplices donated by volunteers. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Imiere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent ¥th the use of resources. Taxatlon The charity is exempt from tax on its chatitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrided purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 8 continued...
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 ACCOUNTING POLICIES- contlnued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 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 arKI vthich have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Penslon costs and other post-retlrement beneflts The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate, FIx8d asset Investments Investments are slated at market value at the balan sheet date. The statement of financaal activities includes the net gains and losses arising on revaluation and disposals throughout the year. Reallsed galns and losses All gains and losses are taken to the statement of financial activities as they ari88. Reallsed galns and losses on investments are calculated as the differences betsyeen sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference beeen the market value at the year end and opening market value (or purchase date if later). Realised and unrealised gains and losses are not separated in the Statement of Financial Activities. Debtors and credltors recelvablelpayable wlthln one year Debtors and creditors with no stated interesl rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impainnent are recognised in expenditure. Cash and cash equlvalents Cash and cash equivalents are defined as being highly liquid, wth a short maturity of less than 3 months. INVESTMENT INCOME 2024 2023 Dividends - equities Interest- fixed interest securities Deposit account interest 2,775 8.760 18 2,166 7.981 11.553 10,147 Page g continued...
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 RAISING FUNDS Investment management costs 2024 2023 Portfolio management 2,568 2,557 INDEPENDENT EXAMINERS. REMUNERATION Fees payable for the independent examination of the charitls financial statements £2,460 {2023: £2,400). TRUSTEES. REMUNERATION AND BENEFITS There were no tTUStees' remuneration or other tenefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. exp6nsas There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The Wages and Salaries charge in the year VRS £15,000 (2023: £9,985). Other Penslon Costs in the year were £nll (2023: (£141)). The averag6 monthly number of employees duri the year VRS NIL (2023 - NIL). No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricled funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7,521 7,521 Investment income Other income 10.147 68,301 10,147 68,301 Totsl 85,969 85,969 EXPENDITURE ON Raising funds 2.557 2,557 Charltable activitles Grants and services Interpreting service 39.684 14.165 39,684 14,165 Total 56.406 56,406 Net gainsl(losses) on investments (24,769) (24,769) NET INCOME 4,794 4,794 Page 10 continued...
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted funds fund Total funds RECONCILIATION OF FUNDS Total funds brought forward 417,438 417,438 TOTAL FUNDS CARRIED FORWARD 422,232 422,232 FIXED ASSET INVESTMENTS Llsted investments MARKET VALUE At 1 April 2023 Additions Disposals Net unrealised Snvestment galns 330,309 87,005 (83,437) 26,156 At 31 March 2024 360,033 NET BOOKVALUE At 31 March 2024 360,033 At 31 March 2023 330,309 There were no investment assets outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other deblors Prepayments and accrued income Accrued investment income 500 4,493 500 4,132 1,306 4,993 5,938 Page11 continued...
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2024 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social securty Other creditors (93) 4,371 (93) 5,075 4,278 4,982 11. MOVEMENT IN FUNDS Net movement in funds Transfer8 belween fijnds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund Henry Fry Centre ICT fund 409,136 4,096 9.000 17,606 (1,180) (3,323) 3,323 423,419 6,239 9,000 422,232 16.426 438,658 TOTAL FUNDS 422,232 16.426 438,658 Net movement in funds, included in the above are as follows: Incoming resources ReSoUS expended Gains and Movement losses in funds Unrestrlcted funds General fund Henry Fry Centre 12.074 30.260 (20,624) (31,440) 26,156 17.606 (1,180) 42.334 (52.064) 26,156 16,426 TOTAL FUNDS 42,334 (52.064) 26,156 16,426 Comparatlves for movement In funds Net movement in funds Transfers beeen funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund Interpreting Service Henry Fry Centre ICT fund 389,777 41,688 (3,027) 9,000 (11,212) 8,883 7,123 50,571 (50,571) 409,136 4.096 9,000 417,438 4,794 422,232 TOTAL FUNDS 417,438 4,794 422.232 Page 12 continued...
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS - cont5nued for the year ended 31 March 2024 11. MOVEMENT IN FUNDS - continued Comparative net movement in funds. induded in the above are as follows: Incoming resources ReSoUS expended Gains and losses Movement in funds Unrestrlcted funds General fund Interpreting Service Henry Fry Centre 17,668 23,048 45,253 (4,111) {14,165) (38,130) {24,769) (11,212) 8,883 7,123 85,969 (56,408) (24,769) 4,794 TOTAL FUNDS 85,969 {56,406) (24,769) 4,794 A current year 12 months and prior year 12 months comblned position is as follows.. Net movement in funds Transfers beeen funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund Interpreting Service Henry Fry Centre ICT fund 369,777 41.688 (3,027) 9,000 6,394 8,883 5,943 47,248 (50,571) 3,323 423,419 8,239 9,000 417,438 21,220 438,658 TOTAL FUNDS 417.438 21,220 438,658 A current year 12 months and prior year 12 months combined net movement In funds, Induded In the above are as follows; Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund Interpreting Service Henry Fry Centre 29,742 23,048 75,513 (24,735) (14,165) (69,570) 1,387 6,394 8,883 5,943 128.303 (108.470) 1,387 21,220 TOTAL FUNDS 128,303 (108,470) 1,387 21,220 Page 13 continued...
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 Maich 2024 11. MOVEMENT IN FUNDS . contlnued 2024 HFC CWAD CWSLIS Total INCOME AND ENDOWMENTS Donations, grants and legacies Investment inrne Other income 521 11,553 521 11,553 30,260 30,260 Total 12.074 30,260 42,334 EXPENDITURE ON Raising funds Charitable activlties: Grants and services Interpreting service Other 2,568 2,588 18,057 31,439 49,496 Total 20,625 31,439 52,064 Net galnsl(losses) on investments 26,156 26,156 2023 HFC CWAD CWSLIS Total INCOME AND ENDOWMENTS Donations and legacies Investment Income Other income 7,521 10.147 7,521 10.147 68,301 45,253 23,048 Total 17.668 45,253 23,048 85.969 EXPENDITURE ON Raising funds Charitable activities: Grants and services Interpreting service Other 2,557 2,557 1,554 38,130 39,684 14,165 14,165 Total 4,111 38,130 14,185 58,406 Net gainsloosses) on investments {24,769) (24,769) Transfers between funds The transfer from Ihe General fund to the Henry Fry Centre fund was made to cover deficits made in the year and to ensure assets and liabilities at the year end are represented accordingly. Page 14 continued...
COVENTRY & WARWICKSHIRE ASSOCIATION FOR THE DEAF NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 13. DESIGNATED FUNDS Henry Fry Centre Any surplus generated from the Henry Fry Centre is designated to cover improvements to the Centre which are likely to cost in the region of £100,000. Interpretlng Servlce The Coventry and Warwickshire SJn Language Interpreting Setvice was established as a result of a partnership beeen Coventry City Council, Wal¢kSh1re County Council and the Coventry and Warwickshire Association for the Deaf in 1992. The Interpreting se1 is a vital seNice for deaf and hearing impaired persons. Any surplus generated is designated to this fund to build up 12 months reserves to enable the service to continue in case of funding difficulties. 14. SPLIT OF ASSETS General Henry Fry ICT Total FIXED ASSETS Investments 360.033 360,033 CURRENT ASSETS Debtors Cash at bank and in hand 1,698 63,458 3,295 5,452 4.993 77,910 9,000 CREDITORS Amounts falling due vthin one year (1,770) P,508) {4,278} NET CURRENT ASSETS 63,386 6,239 9.000 78.625 NET ASSETS 423,419 6,239 9,000 438,658 UNRESTRICTED FUNDS General fund Henry Fry Centre ICT fund 423,418 423.418 6,240 9,000 6,240 9,000 TOTAL 423,418 6,240 9,000 438,858 Page 15