Charfty reg7stration number 245875 Company reg15tration number 010698601England and Walès) SHROPSHIRE UNION CANAL socIErY UMITED ANNUAL REPORT AND UNAUDITED HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
SHROPSHIRE UNION CANAL SOCIETr LIMITED LEGALAND ADMINISTRATIVE INFORMATION Tntee$ Mr P A Ridwds Mr P G Tolster Mr D J Carter Mr l F Hendley Mr C A Robertson Mr R D Feeney MrTFukla Mr C J Hesketh MrSGClev Mrs S Ball (Appointad 9 September 2022) Secretary Mr l F Hendley Charity number 245875 Company numbar 01089860 Registered office ,41 Cheshire Street Matket Drayton ShrDpshjre TF9 1PH Independent examlner. Dains AcUntants Llmited , Suite 2. hlbion Hous 2 Etruria Office Village Forge Lane , Stoke on Tretrt Slaffordshwe ST1 SRQ
SHROPSHIRE UNION CANAL SOCIETY LIMITED CONTENTS Page Trustees, report Indepwdent eXamIS report statemeni of financial aclivitie3 Balants sheet Notes to the financial 5taternents 8-15
SHROPSHIRE UNION CANAL SOCIETY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their annual repLNt and finan(ad ststements the year erKled 31 Marth 2023. The fnancial statements havp been preparpd in accordance wrth the accounting pdictes set Oul In nDle 1 to the financial statements and comply wttti Ihe charftl5 rgoveming documentl, the Cornpanies Act 2006 and "Accountifig and Reporting by Charities. Ststetnent of Recommended Practice applicable to charrtEs weparing their accourrts in 8ccordance with the Financtal Reporting Standard applicable In the UK and Republic of iand (FRS 102)" (effective 1 January 2019). Objectives and activities The Society committed to enswing that the Shropshire Union Canal netwo covering the Llangollen and Montgornery Canals as well as ihe Shropshlre Union Canal Tt5elf including the Middlewich Branch. is maintained and enhanced for ffte benefft of all users and Vtsit¢fS. We seek trj Influen and encourage the Canal and R Tver TFU5t to direct ils efforts to the benef t of all users through the maintenance and Exténsion of frdCtlitie5 such as visitoc moorings. seats and ptcnic tsbles throJ9hout the Shropshire Union Can81 rEtNork. The Society has crjntinued to be involved with and to support a number of sistef organisatSOnS Within Our geographical area of aclNty. Vthen planning our a(#ivitses for the year. we considw th8 Charity Commis&on's guidance on public benefiL We are adively committed to the rethtion of the Monlgomery Canal and hav&, for the better part of 2022, (aIned focused on the length of the canal befyveen Pryce5 "dge and Critheath Bridgè. TrNS project, known as the Cnckheath HLF Phase, hss been under•rdy for 5 yeats Is now complete ihe channel rewaterEd to Crickheath Bridge. A f(Kmal opMirB for this newty restored is plarmed for mid 2023. Th8 next stsge of restcathon is to extend the watered thannel froryr Crickheath Bridge to a rE¢ed Sthoolhouse 8rtdge and to restore Crickheath itself. the is known as the Crickheath South proiect. Inilial planning and survey work is ccmplete and wort ha5 COMM&[1 to clear and shape th8 first siretch of c2nal channel More detail of what resiorBtiG4i has been athlevod can be bund our vthite ireunio Ajkjca wrth regular snippets published through social med The completion of the Crickheath HLF Phase has allowed the Souety to retwn to so¥ne more traltIonal aGtt'vitÉes including organ(stng walks and tours of the lengths of trte Montgomw Canal and mairrtenarte and enhancement of the Ll8ngollen Canal in the Eilesmere area. This latter activity will be in Gonjunction with Ihe Canal and Riyer Trust and is designed for members who wish io volunteer but seek lighter activity th8n the heavier restoratlon work. The Soctety would be delighted to extend its actFvities fartber tc indude more of the Shropshire Union system and. perhaps. t8ke up the offef by the Canal and RlverTrust to become invoÉved with the surwey of structures and buildings that prollferate along our canals. To do so. hLAvevef, requires members to step forward and help organise and run these worthwhile activilie& For 2022 the ba51s for the Soa'ety's annual fijnding rycle rBmained as descnbe(l frx the 115 years with restoralion costs being mat by the project through the Canel and River frust our work parties were virtuaIEy Cosi neulral. The Soniety's new restoration project dS enjoy support from the Iru5t but not on me same scale 88 befote We are rnuch more dependerrt on donatsons from rTwnbefS and ttle lder public and on third party grants, large and small. To this end we have started using a donabon schetne IkEd lo our website: r( is intended that this will th trte the key component lor a future, Voider appeal for fvnthg trte next phase af festoralion of the fvlontgomery CanaL We are most grateful to all who have contiibuted over the past financial year. This year the 5ocieVs accounts ag3in show a healthy sUS of £42.301 which Includ a grant from te Oswestry Rural Parish Council received on the last day of the financial year.1 When the revaluation of the So¢ieVs investrnent is included. tIE Surp¢ faus to £36.509
SHROPSHIRE UNION CANAL SOCIETY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2023 Achievements and performance Financlal revlew The memorandurn gives the trustees powers to iryvest or deal in Ihe fvnds of the Sooety, not immediately required for its purposes. in sueh fflanner as in the discretiL)n of the Sooety may be detennined. Reserves The Operab'ng Reserve created in 2012 to cover 2 years acti¥lty has been reviewed to include changes to both the Stxiety's activitles and costs. This designation is in adth'tiDn to such re5eN&E as they con&der necessary to meet forthcomlng obllgations and cammilwts- Capiial Projects £ 31,0(Kl Society Operatfftg Costs E 8.000 Tralnlng £ 5.000 Total Reserye. £44.000 Investnents The charity operates a low risk inVestt wlicy to safeguard ts osh hoklings Risks The Trustee5 have idenlified the maior risks to which the Charity is expose A formal Health and Safety Polioj dDCUrnEnl has been approved. The risks and policy a regularfy reviewed and action taken to mltigate exposure an<J (evise the pollcy. In addition, the Trustees are Caref to provide adequate insurancè cover for both public and employees (volunteers) liabilities. Grants Grants are only made towards projec1s on the Shropshire union Sysiem of Canals - as specified In the Articlès of Associatton. The Trustees generally seek to make grants to geneTrte further frjnding, whether this is io rdease funds wrfailable from other agencies ur as an inGÈntlve to enca)urage grants frvm other 50VTces Structure. governanGe and management The charity is cottsolled by its governing documert g mOranduM of agreement and artide5 gf association and conslitutes a1Smited company. lirrnted by guarantee, as defifted by the Companies Act 2006. The Society is rtglslered as a Charfty no. 245875 arKI is a company Ilmited by guaraniea. re518[e(l in England and Wales number 1069860. The 9oveming document is a memorandurn 8nd articles of associaion; all attnbutable &ctivitie5 of th8 Society are apptoved by a Council whose members (Trustees): listed at Itern 1 abov< ard idents'fied by their interest, life and career skitls. They are appointed by norninalion at the A.G.M.. or can be cTropted by CotJnGil during Ihe year and iheir irtli ial Introduction L11$eS the Charities Conrnission leaflet CC3, Vthere apprapriate, specialtst tralning (S[ Accretht*'on, Health and Safety, First A1) ta provtdeu for those toking part in SGciely a#ivities. The regi5teted Of located wilh ourAccountanls, 41 Cheshire Street. Mafket Drayton Slropshire TF9 1 PH. The Charws bankers are the National Westrninster Bank pk and HSBC. The bulk ol the society's fvnds are FEkl with The CCLA Investment Management Limited - The COIF Charities Deposit Fund M&G's Equtiles Investrnent Fund for Charities. charlfijr..
SHROPSHIRE UNION CANAL SOCIETY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The tntste8s, who are also the dlrectors for the purpose of company law. and se(ved during £he year and tsp to. the date of signature of the finandal statements wer& Mr PA Richards Mr P G To15ter MrD J Carter Mr l F Hendley Mr C A Robertson Mr F Bacrett Mr R D Feeney MrT Fulda Mr C J Flesketh Mr S G Clew5 Mr S M Palmer Mrs S Ball (Resigned 10 December 2022) (Resigned 10 December 2022) (Apported 9 Septwnber 2022) Statsmeftt of Ttustees responsibllilies The trustees (wha are also the threctors of Shropshire Union Canal Society Limlted for the pPOSeS of compary law) are responsible f¢r preparing the Report of the Tntstees and the financial statements In accotrlance wlth 8pplirAble law and United Kitwom knounting Siandarts (United Kiffjdom Generally Ac(xpted Axounting Pradice). canY law requires the trustees to prepare firwKial statements for each finantial year which give a tyue and fair view of the state of affairs of the charrtabie company an¢Y of the Incoming resotjrces and 8pplicatton of resources. including the income and expenditure. of the (tsitable company for Ihot period. In weping Ihose. Trnanclal statements, the trustees are required to select suitabte accounttng poficies and then apply them consEtently, observe the methads ana principles in the Charity SORP; make judgernents and estirnates ttkt are reasonable and prudent; prepare ffnancial statements on tha ongotng concem basls unless It is in8pproprlate to presirne that Ihe charitable company will Contirll In I${ne$s, The truslees are responsible for kewng proper aGcwiing records which disdo* with reasonable accuracy at any time Ihe flnancial positi"t)n of the charitatsle company ar7d to atse tnem lo ensure that the financial statements conply witb, the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taktng reasonable steps for the prenti0ft and detection of fraud other Irregularli ies. The trustses. p was approved by ihe Board of Trust& Mr l F Hendley Trustee 1023
SHROPSHIRE UNION CANAL SOCIETY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHROPSHIRE UNION CANAL SOCIETY LIMITED I reporl to the Intstees on my axamination of the financial statements of Shropshire Union Canal &cty limited (the Charity) for year ended 31 March 2023 ResponslbilFtles and Imsis of report As the trustees of Ihe Gnarity (and also its direcior6 for the Pltyposes of company law) you ate responsible for the preparats1 of the f5nandal statements In accordan with the requirements of the Compwies Acl 20C6 (the 20C Having 5alisfied mys81f t11 the financia statunents of the charity are nol required to be aLKlited under Part 16 of the 2006 Act and are eligible for irty)endent examination. I report iri respect of rryy examination of the charfty's financial statements carried out under section 145 of the Charitses Act 2011 (the 2011 Act). In carrying ou my exarnination I have followed all the applicable Directi giva) by . Ctriarity Commisslon under section 145(5)(b) of the 2011 ACE. Independent exarnlner s statement I have completed my examinalion. l Gonfirtn that no matters have come to rny attention ID C4)nnection witll Ihe examirFton g¥iDg me cause to beliBve tlwt in any matenal respect accounting records were not kept in respect of the ch&ity as rawired by seclion 386 or the 2006 Actr, or the financial statements do not accord with those rec¥)rds", or the ffnancial statements do not comply wrth the accounting requirements of ction 396 of tjle 2006 Act other than any réquirement Ihat the acco7Jnts give a truo aftd fair view whioh is not8 matter con5ideTed as part of art indEpendenl examin3fjon; or the fn¢[al statements have not been prepared in acwrdance Wtth the fflethods and principles ot the Stmenl of Recgmmended Practice for accounting and reporting by thafitles applicable to charities prepanng their accounts in accordrte with the Financial .géP(Yting Stan(ktd applicabl& In the UK RepubliG of Ireland (FRS 102>- I have no concems and have come across no other matters in connection wlth the examination lo whlch attenbon should be drawn in this report tn order to enable a proper understanding of the fin8n¢iaLststement$ to be reached. MrAndrew Wi15haw FCA CTA D3ins AcGountants LimSted Suile 2, Albion House 2 Etruna Office Kfj118ge Forge Lano Stoke Dn Trent Staffordshire ST1 5RQ
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SHROPSHIRE UNION CANAL SOCIETY UMITED BALANCE SHEET ASAf31 MARCH2023 2023 2022 Flxed assets Investmen 11 88.981 94,773 Current assets Debtc Cash at bank and tn hand 1.868 219,279 5,498 174,385 221,147 179,883 Creditois.. amounts frdlllng due wlthln one year 13 (2,340) (4137> Net currerf asse&S 218.807 174,746 Totsl assets less Cllent IEabUlties 307.788 269,519 CreditOTS= aznounts falling due after more than one year 14 (11,3CX)) (9,540) Net assets 296,488 259,979 Income fvnds Restricled funds Unrestrictad funds - designated Unr*&ried fuDds - general 33,870 201,000 81,618 32,370 178,000 51,609 291488 259,979 The company is entitled to thè exemption the audit requiwert contsined in 5edioft 47T of Ihe Companies 2006. for the year ended 31 March 2023. Th& ditectors ackrK>wledge kneir responsrbillties for CPIY[rig with the wuirements OF Ihe Compantes Act 2006 th respect to accounting rw(1s and the preparatm of financial stalemerrts. The members have noE requlred the cx)mpany to obtsln an au(h't ot its finan81 ststements for the year in question in aCcorttan with sectton 476. These financial Statements have prepared in aGcordanGe with the provisions 8pFth'cable to cotnpardès SJeCt to the small companips regime. The financial skternents We apwoved by the Tree$ on ...-,.. . r l F Hendley Trustre Company reglstratlon number01O69860
SHROPSHIRE UNION CANAL SOCIETY LIMITED NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Charlty Informallon Shropshire Union Canal Society LimÈted is a Éyiyale CoMnY lirnited by guaranlee inciyporated in England and Wales. The registered Offi ts 41 Cheshire Stree( Market Draytory Shropshire. TF9 1PH. q.l Accounting conventknn The financial 5taternents have been prepared in acwrdarTce with the ¢harilYs [governing document], Ehe Companies Act 20. FRS 102 'The Financial Reporting Stsndard 8wlicable in the UK and Republlc of Irgk2nd' ('FRS 102.) ar the Charities SORP °Accounting and Reporttro by Charits, Statement of Recommended PTrctÉce appllc2ble to tharities weparing thelr accounts tn accordance wim the Financial Reporting Standard applicable in the UK and Repuijlic of IrEland (FRS 102)" leff&ti¥e 1 January 2019). The. chanty is a PLfblic Benefft Entty as definÉd b> FRS 102. The charity has taken advant8ge of tPE provisions tn Ihe SORP for charfties not lo prepare a Stataneni Of Cash Flows. rhe financial statements are prepared In sterfing, which is the ftjnthonal ujrrency of the chanly. lQlonetsry ounts in these rla1 terne$ are rounded to the nearest £. 1.2 Golng conGefn At the time of approving the financial ststements. the trusiees have a reasonable expectatitjn th?t the chartty has adequale resources to ltInue in operat10r existenca for the fore5eeabTe fvture. ThLL4 the trLtstees contsnue to adi)pt the goiro concern basis of ac¢ountirKJ in preparing the financhal statements. 1.3 Charitable fuDd3 unrestricted fijnds are ayaable .tor use at the discretson of the iruees in ftfftrance of their charitable obiect5ves. Restrlcted funds are subject to specKic conrfrtions by donors as to how they May be used. The purposeB and use5 of the rpslricted funds are set out in the noies to the finala1 6tatements Endowment funds are subiect to specific conrfrtions by donors that the capital USt be Fnatrtsined by the charity 1A lllcome tncome ts reGognised when Ihe charity is legaiiy entitled to it afkr any perfOrrnan conditions have been met.. the amounts can be measured reliably. and it is probable tIBt incA)me be received. Revenue Recognitiorr,- DonatiorKs: Donah'ons are aCc(Xmt for gross when rec*ved. Annual SubscfiPtion5" Annual sub8Griplions are accourited for reGeived. Life Membership SubSCITPtion& SLrt)srJiptions reiVed in respect of life membership aré (2rrred forvrdrd and released to the inrne and expenditure scccunt on the death of the member, Grants Receivable: Grants are aOUnted for on an accrual basis. Other Incorn&'. Other Income is recognised on an accrual bes4S. l.S Expendlture Expendilure 15 accotjnted for Gn an accruals basis and has been dassifted under headings that aggregate all cost related to Ihe catsgory, Where costs cannot be direcdy attributed to particular headings they hava baen allocated to activlts'es on a basi3 consistent iirith the use of resources Granis offered subjeci to condli ions vthich hav& not been met at tbe year end date are noted as a Commitmenl but not aGcrued a8 expendltur8.
SHROPSHIRE UNION CANAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Aecountlng porKles (Continued> 1.6 TanglblB fixed assets Tanglble fixed assets are inltially rn&*ured at cost and subsequenty measured at cost or valualion, nei ot depr8clab.on and any impairment losses. Deprecialian is recognised so as to off the cost or v81uabon of assets less residual values over thelr useful lives on the folloviing bases.. Plant and equipment The gain or10ss arising cn Ihe dlsposal of an asset is deiermlned as the difference between the sale proceeits and the G8ryng value of ts asseL and 1$ recognised in the statement of financia activkies. 1.7 fixed asset Investments Fixed asset investments are initially meawred at transaction price 8xduding tsBnsath"on wsts. and ar8 subsequerrtly measured at fair value at each reportr date. Changes in fair value aR rwnised In net Inme1(eXpend[LIe) for tha year. Transaciion costs are expensed as incurred, q.8 Cash and Gash equlyalents Cash and cash equivalents irKlude 9h in hand. deposits held at call banks. other short-term liquid irweslrnerrts wfth original maturities of Ihree months or less. and bank overdrafts. Bank overdrats are shown within borrowngs In Lurrert liabilities 1.9 Employee benefits The cost of any unused hcAiday entitlement is re0)grd in the period In whKh the employee's serwces ate re1ved. Termination benefit5 are rm)gnised imrnediately Bs an expense when the charity Is tsmon8trably committed to terminate the employment of an employee or to provide terminatlon benefits,
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SHROPSHIRE UNION CANAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Other tradlng activlties unStrIcted Urnestrict¢d fuods funds deslgnated desigDated 2023 2022 Ftsn¢YrdtsifTg events Safes of used stsmps Cuttings- Ad¥ertising Re-cyding 1,503 17S 1,254 146 70 791 Other tsadirtg ackn¥itie¥ 1,703 3.080 InYe5tmpnls lknrestrlcted Unrestrlcted funds funts deslgnatsd deslgnated 2023 2022 Interesi receiwdble 7,16e 4,546 Ralslng funds uttrestricted Unrestrlcted funds funds genardl
éneral 2023 2022 Fundraising costs Cutting>PrFnting and postage Ad¥ertSsing 60 4.194 80 4m6 758 Trading costs 4.334 4,784 4,334 4.784
SHROPSHIRE UNION CANAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEmErs (CONTINUED) FOR TrIE YEAR ENDED 31 MARCH 2023 Trustees NonE of the trustees (Ix any persons wnneGted Imth them) rerxtved any remuneration or benefits from the Charity during the year. Trustee expenses D'Jring the year 6 trustees was reimbursed for travel at a total of £4,063 (2022. £4.423) and no tustee was reimbursed fof General ExFenses 2022: none).. Employees The average ffv)nthty number of employees trie year Wds:. 2023 Number 2022 Number Toral TheTr werfr no ornployees 8nnual remuneratlon was more than £60,000. Other UnrestrlGted UnTrstri¢tsd funds funds general general 2023 2022 Planl mainlenanc 8ank Charges Ingurance Volunteer Training P08t and slationery Soclety General Expense8 Attountsncy 60 566 15 167 71 19 210 1,500 1.571 2,340 4.861 Net gainsl{Ios5es) on investrnents Unfestricted Unrestricted fvnds funds deslgnated desl9nated 2023 2022 Revalualion of Investments (5,792) 12-
SHROPSHIRE UNION CANAL SOCIETY LIMIIED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Taxatlon The charty is vAempl from tax on Income 8nd gains falling sectlon 5D5 of the Taxes Act 1988 or section 252 of the Taxaiionol Chaoeable GainsAd 1992 to the extenl that the52 are applied to its charitable objects. 11 Flxed asset Investments Listed investments Cost or Yalu4tion At 1 April 2022 Valuation changes 94,773 (5,792) AÈ 31 March 2023 8B.981 Carylrtg amount Ai 31 Mah 2023 88,981 At 31 Marth 2022 94.773 Original Cost of investm8nt in ihe 31 Mwch 2021 year wag £80,000 12 08btors 2023 Amounts falling du8 vrithin one year. Other debto Prep8yments and accrued income 710 1.158 5,244 254 1,868 5.498 13 CrodStors: amounts falling due Viithln oThe year 2023 2022 Trade ueditors Accruals and deferred Income 3,037 2,100 2.340 2.340 5.137 14 CTrditors: amounts falling due after more than one year 2023 2022 Olhe". ryeditors 11,3no 9,540 13-
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SHROPSHIRE UNION CANAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Capital commltments At 31 March 2D23 th8 charity had capilal commltrnents.as follows: Designated Funds represent funds sét aside for the So¢ietys operating r&sen. future Muntgomery Canal rest and other Soclety expenditure: 20fJ 2022 Authorised bul nol contracted for.. Crickheath Sotrth Operating ReseNe (see Page 2) Authorised and contraued for. Crickheath South 25.DDO 14.000 Totsls.. 201.000 176,000. Restricted Fund5 ¢ornprise the unexpended elements of grants and donations raceNed for tspeclfiG PufpO C against ftrture ex•re" 132.000 t18,000 44,000 2023 2022 Authorised but not contracted for. Montgcimery Slipway (PoY4ys CC) 2.500 J Faulkner Legacy (Montgornery Canal) 29.870 Oswesty Rural Parish Cowicil 1.500 (Crickheath T(wath) ToL318'. 2.500 29.870 33,870 32,370 18 Related party transactions There We no rfisCfosae related paty tfansathons dun.ng the year (2022- none). 15-
SHROPSHIRE UNION CANAL SOCIETY LIMITED DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 INCOME AND ENDOWMENTS Donatlons and legacies Donations- general Gift aid Subscriplions Donati¢ns- Cnckr(83th HLF - restrktad 8xp8ndilure Donations- Cnckheatri HLF Donatlons - Crithheatn South 4199S 5,908 7.08tJ 55,681 3,854 710 13,283 4,078 5.915 53,769 116,258 77.043 Other trading actlvities Fundraising events Sale of used stamps Cuttins - advertising Rwyding 1.504 IT5 1,254 70 791 1,703 3,081 Investnient ncorne Interest te(£ivab 7.IB6 charitable activltles Grants 1,500 13,335 1.500 13,335 Total inGoming rESOurGes 126.627 98.005 EXPENDITURE Ralsln9 donatlons and legacies Fundmstng Cuttlngs - printing a postage Publicity 60 4.193 4,026 4.333 4,026 Charitable activitles Plant maintenance Grant5 paid Crtcltheath HLF Phase Travel expÈnse$ Crickhth soulh 9Q 55,681 8,652 10.999 53,889 10.617 1.324 75.422 66,320 Support CD5ts Insurance Volunteer training Post and stationery Adverts5ing Soclety oenefal expenses Bank charges 71 19 758 210 15 1,571 60
SHROPSHIRE UNION CANAL SOCIETY LIMITED DEfAILED STATEMENT OF FINANCIAL ACTNITIES FOR THE VEAR ENDED 31 MARCH 2023 2023 2,340 i.soo 4,571 2,740 Total resources expended 84.326 73,086 Net In¢on 42,301 24.919