| Trustees | Mr S Baptist | (Appointed 21 March 2024) |
|---|---|---|
| Mr S W Blanchflower | (Appointed 24 January 2024) | |
| Mr D M Brackenridge | (Appointed 21 March 2024) | |
| Mr M Bull | ||
| Ms J Garrett | (Appointed 21 March 2024) | |
| Mrs S J Godden | ||
| MrMJ Gregory | ||
| Rev C Madanat | (Appointed 21 March 2024) | |
| MrS M O'Toole | (Appointed 21 March 2024) | |
| MrJAR Vardy | ||
| Ms A Wheeldon-Clarke | (Appointed 21 March 2024) | |
| Secretary | Mrs S J Godden | |
| Charity number (England and Wales) | 263446 | |
| Charity number (Scotland) | SC039297 | |
| Company number | 00988200 | |
| Registered office | Unit D2 | |
| Coombswood Way | ||
| Halesowen | ||
| B62 8BH | ||
| Auditor | Sumer Auditco Limited | |
| The Beehive | ||
| Beehive Ring Road | ||
| London Gatwick Airport | ||
| Gatwick | ||
| United Kingdom | ||
| RH6 0PA | ||
| Bankers | Santander UK PLC | |
| Bridle Road | ||
| Bootle | ||
| Merseyside | ||
| L30 4GB | ||
| Solicitors | Keelys LLP | |
| 28 Dam St | ||
| Lichfield | ||
| WS13 6AA |
| Page | |
|---|---|
| Trustees' report | 1-8 |
| Statement of trustees' responsibilities | 9 |
| Independent auditor's report | 10-12 |
| Statement of financial activities | 13-14 |
| Balance sheet | 15 |
| Statement of cash flows | 16 |
| Notes to the financial statements | 17 - 34 |
| Strategic | **Key Measurable ** | 2023/24 | 2022/23 | 2021/22 | 2020/21 | |
|---|---|---|---|---|---|---|
| Strand | ||||||
| Intentionality | Total number of | 1.66m | 1.12m | 1.72m | 1.7m | |
| of evangelism | young people | |||||
| Contacted | ||||||
| Commitment to | Total number of | 59 | 60 | 61 | 60 | |
| serve | the | Centres with | ||||
| Centres | full charters |
|||||
| renewed | ||||||
| Develop | a | Total number of | 102 | 1,217 | 225 | 1,840 |
| culture of | users of myLife | |||||
| diversity | ||||||
| Develop | a | Targeted events | 100% | 100% | 100% | 100% |
| culture | and prayer | |||||
| of prayer | resources | |||||
| delivered | ||||||
| Commitment | to | Number of |
1,213 | 1,322 | 955 | 1,032 |
| financial | partners | |||||
| sustainability |
| Mr S Baptist | (Appointed 21 March 2024) |
|---|---|
| MrS W Blanchflower | (Appointed 24 January 2024) |
| Mr D M Brackenridge | (Appointed 21 March 2024) |
| Mr M Bull | |
| Ms J Garrett | (Appointed 21 March 2024) |
| Mrs S J Godden | |
| MrMJ Gregory | |
| Rev C Madanat | (Appointed 21 March 2024) |
| MrS M O'Toole | (Appointed 21 March 2024) |
| MrJAR Vardy | |
| Ms A Wheeldon-Clarke | (Appointed 21 March 2024) |
| Mrs A Adewunmi | (Resigned 31 December 2023) |
| Mrs J A Fowler | (Resigned 31 December 2023) |
| Mrs P J Joyce | (Resigned 21 March 2024) |
| Mrs D M Mitchell | (Resigned 31 January 2024) |
| MrTJ Wingate | (Resigned 21 March 2024) |
| Current financial year | Unrestricted | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| general | designated | |||||
| 2024 | 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | £ | |
| Income from: | ||||||
| Donations and legacies | 3 | 842,864 | 256 | 341,747 | 1,184,867 | 1,556,192 |
| Charitable activities | 4 | 105,490 | - | - | 105,490 | 118,887 |
| Investments | 5 | 6,835 | - | - | 6,835 | 5,024 |
| Total income | 955,189 | 256 | 341,747 | 1,297,192 | 1,680,103 | |
| Expenditure on: | ||||||
| Raising funds | 6 | 151,021 | 1,790 | 12,782 | 165,593 | 253,749 |
| Charitable activities | 7 | 886,250 | 53,821 | 392,550 | 1,332,621 | 1,519,632 |
| Other expenditure | 12 | - | (692) | - | (692) | 170 |
| Total expenditure | 1,037,271 | 54,919 | 405,332 | 1,497,522 | 1,773,551 | |
| Net expenditure | (82,082) | (54,663) | (63,585) | (200,330) | (93,448) | |
| Transfers between funds | 8,303 | (8,303) | - | - | - | |
| Net movement in funds | 9 | (73,779) | (62,966) | (63,585) | (200,330) | (93,448) |
| Reconciliation of funds: | ||||||
| Fund balances at 1 September 2023 | 79,787 | 715,224 | 283,953 | 1,078,964 | 1,172,412 | |
| Fund balances at 31 August 2024 | 6,008 | 652,258 | 220,368 | 878,634 | 1,078,964 |
| Prior financial year | Unrestricted | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | |||
| general | designated | ||||
| 2023 | 2023 | 2023 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 3 | 932,911 | 54,072 | 569,209 | 1,556,192 |
| Charitable activities | 4 | 118,887 | - | - | 118,887 |
| Investments | 5 | 5,024 | - | - | 5,024 |
| Total income | 1,056,822 | 54,072 | 569,209 | 1,680,103 | |
| Expenditure on: | |||||
| Raising funds | 6 | 221,400 | 625 | 31,724 | 253,749 |
| Charitable activities | 7 | 818,898 | 104,454 | 596,280 | 1,519,632 |
| Other expenditure | 12 | - | 170 | - | 170 |
| Total expenditure | 1,040,298 | 105,249 | 628,004 | 1,773,551 | |
| Net income/(expenditure) | 16,524 | (51,177) | (58,795) | (93,448) | |
| Transfers between funds | (30,683) | 33,857 | (3,174) | - | |
| Net movement in funds | 9 | (14,159) | (17,320) | (61,969) | (93,448) |
| Reconciliation of funds: | |||||
| Fund balances at 1 September 2022 | 93,946 | 732,544 | 345,922 | 1,172,412 | |
| Fund balances at 31 August 2023 | 79,787 | 715,224 | 283,953 | 1,078,964 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 14 | 640,504 | 681,001 | ||
| Current assets | |||||
| Stocks | 15 | 14,646 | 16,130 | ||
| Debtors | 16 | 54,333 | 49,525 | ||
| Cash at bank and in hand | 314,831 | 482,935 | |||
| 383,810 | 548,590 | ||||
| Creditors: amounts falling due within | 1 | ||||
| one year | 7 | (124,341) | (124,843) | ||
| Net current assets | 259,469 | 423,747 | |||
| Total assets less current liabilities | 899,973 | 1,104,748 | |||
| Creditors: amounts falling due after | |||||
| more than one year | 18 | (21,339) | (25,784) | ||
| Net assets | 878,634 | 1,078,964 | |||
| The fiinds ofthe charity | |||||
| Restricted income funds | 21 | 220,368 | 283,953 | ||
| Unrestricted funds - general | 23 | 6,008 | 79,787 | ||
| Unrestricted fiinds - designated | 22 | 652,258 | 715,224 | ||
| 878,634 | 1,078,964 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Cash flows from operating activities | |||||
| Cash absorbed by operations | 26 | (179,780) | (23,179) | ||
| Investing activities | |||||
| Purchase of tangible fixed assets | (3,698) | (34,103) | |||
| Proceeds from disposal of tangible fixed | |||||
| assets | 12,000 | 247 | |||
| Investment income received | 6,835 | 5,024 | |||
| Net cash generated from/(used in) investing | |||||
| activities | 15,137 | (28,832) | |||
| Financing activities | |||||
| Payment of finance leases obligations | (3,461) | 29,245 | |||
| Net cash (used in)/generated from financing | |||||
| activities | (3,461) | 29,245 | |||
| Net decrease in cash and cash equivalents | (168,104) | (22,766) | |||
| Cash and cash equivalents at beginning of year | 482,935 | 505,701 | |||
| Cash and cash equivalents at end of year | 314,831 | 482,935 |
| **Unrestricted ** | Unrestricted | Restricted | Total | **Unrestricted ** | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | funds | |||
| general | designated | general | designated | |||||
| 2024 | 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 726,039 | 256 | 301,636 | 1,027,931 | 798,370 | 10,392 | 482,209 | 1,290,971 |
| Legacies | - | - | - | - | 32,824 | - | - | 32,824 |
| Grants | 116,825 | - | 40,111 | 156,936 | 55,250 | 43,680 | 87,000 | 185,930 |
| Donated goods and services | - | - | - | - | 46,467 | - | - | 46,467 |
| 842,864 | 256 | 341,747 | 1,184,867 | 932,911 | 54,072 | 569,209 | 1,556,192 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| ££ | ||
| Charitable activities | ||
| Sale of goods | 30,079 | 50,764 |
| Ancillary trading income | 55,754 | 50,437 |
| Other income | 19,657 | 17,686 |
| 105,490 | 118,887 |
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds funds | ||
| 2024 | 2023 | |
| ££ | ||
| Interest receivable | 6,835 | 5,024 |
| **Unrestricted ** | Unrestricted | Restricted | Total | **Unrestricted ** | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | funds | |||
| general | designated | general | designated | |||||
| 2024 | 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| Fundraising and publicity | ||||||||
| Staging fundraising events | 50,140 | 10,083 | 60,223 | 95,915 | - | 22,782 | 118,697 | |
| Fundraising agents | 27,059 | - | - | 27,059 | 32,389 | 625 | 8,942 | 41,956 |
| Staff costs | 69,292 | - | - | 69,292 | 80,341 | - | - | 80,341 |
| 146,491 | - | 10,083 | 156,574 | 208,645 | 625 | 31,724 | 240,994 | |
| Trading costs | ||||||||
| Other trading activities | 4,530 | 1,790 | 2,699 | 9,019 | 12,755 | - | - | 12,755 |
| Total costs | 151,021 | 1,790 | 12,782 | 165,593 | 221,400 | 625 | 31,724 | 253,749 |
| Charitable | Charitable | |
|---|---|---|
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 871,210 | 1,046,488 |
| Depreciation and impairment | 32,887 | 39,249 |
| Recruitment costs | 3,395 | 611 |
| Staff expenses | 44,405 | 43,379 |
| Material and research | 10,480 | 23,365 |
| Motor expenses | 17,890 | 13,985 |
| Property expenses | 37,997 | 36,103 |
| Computer costs | 45,950 | 97,587 |
| Office costs | 143,814 | 135,879 |
| Donations | 31,442 | 41,439 |
| Bank and other charges | 9,796 | 4,747 |
| 1,249,266 | 1,482,832 | |
| Share of support and governance costs (see note 8) | ||
| Support | 72,776 | 23,737 |
| Governance | 10,579 | 13,063 |
| 1,332,621 | 1,519,632 | |
| Analysis by fund | ||
| Unrestricted funds - general | 886,250 | 818,898 |
| Unrestricted funds - designated | 53,821 | 104,454 |
| Restricted funds | 392,550 | 596,280 |
| 1,332,621 | 1,519,632 | |
| Support costs allocated to activities | ||
| 2024 | 2023 | |
| £ | £ | |
| Legal & professional | 69,785 | 20,964 |
| Accountancy | 2,991 | 2,773 |
| Governance costs | 10,579 | 13,063 |
| 83,355 | 36,800 | |
| Analysed between: | ||
| Charitable activities | 83,355 | 36,800 |
| 9 | Net movement in funds | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the audit of the charity's financial statements | 10,579 | 13,063 | |
| Depreciation of owned tangible fixed assets | 32,887 | 39,249 | |
| (Profit)/loss on disposal of tangible fixed assets | (692) | 170 |
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2024 | 2023 | |
| Number | Number | |
| Fundraising | 2 | 2 |
| National Ministries | 2 | 6 |
| Centres development/support | 8 | 5 |
| Church resources | 6 | 5 |
| Diversity | 3 | 8 |
| Education | 1 | 2 |
| Support and administration | 8 | 11 |
| National Director | 1 | 1 |
| Prayer | 1 | 1 |
| Total | 32 | 41 |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 805,421 | 965,394 |
| Social security costs | 67,755 | 80,616 |
| Other pension costs | 67,326 | 80,819 |
| 940,502 | 1,126,829 | |
| The number of employees whose annual remuneration was more than £60,000 | ||
| is as follows: | ||
| 2024 | 2023 | |
| Number | Number | |
| £60,000 - £70,000 | 1 | 1 |
| Remuneration of key management personnel | ||
|---|---|---|
| The remuneration of key management personnel was as follows: | ||
| 2024 | 2023 | |
| £ | £ | |
| Aggregate compensation | 239,033 | 248,837 |
| Unrestricted Unrestricted | |
|---|---|
| funds funds | |
| designated designated | |
| 2024 2023 |
|
| ££ | |
| Net loss on disposal of tangible fixed assets | (692) 170 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Freehold land | Fixtures and | Computers | Motor | Total | |
| and buildings | fittings | vehicles | |||
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 September 2023 | 775,548 | 40,407 | 178,827 | 55,117 | 1,049,899 |
| Additions | - | - | 3,697 | - | 3,697 |
| Disposals | - | - | (22,636) | - | (22,636) |
| At 31 August 2024 | 775,548 | 40,407 | 159,888 | 55,117 | 1,030,960 |
| Depreciation and impairment | |||||
| At 1 September 2023 | 165,273 | 38,160 | 139,592 | 25,872 | 368,897 |
| Depreciation charged in the year | 10,272 | 1,156 | 14,151 | 7,308 | 32,887 |
| Eliminated in respect of disposals | - | - | (11,328) | - | (11,328) |
| At 31 August 2024 | 175,545 | 39,316 | 142,415 | 33,180 | 390,456 |
| Carrying amount | |||||
| At 31 August 2024 | 600,003 | 1,091 | 17,473 | 21,937 | 640,504 |
| At 31 August 2023 | 610,275 | 2,247 | 39,234 | 29,245 | 681,001 |
| **14 ** | Tangible fixed assets | (Continued) | ||
| All fixed assets are for charity use. The land is held on a 999 year lease at a peppercorn rent. | The lease has | |||
| 982 years to run. | ||||
| 15 | Stocks | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Finished goods and goods for resale | 14,646 | 16,130 | ||
| 16 | Debtors | |||
| 2024 | 2023 | |||
| Amounts falling due within one year: | £ | £ | ||
| Trade debtors | 1,873 | 7,274 | ||
| Other debtors | 13,981 | 11,306 | ||
| Prepayments and accrued income | 38,479 | 30,945 | ||
| 54,333 | 49,525 | |||
| 17 | Creditors: amounts falling due within one year | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Obligations under finance leases | 19 | 4,445 | 3,461 | |
| Other taxation and social security | 19,419 | 18,835 | ||
| Trade creditors | 36,680 | 35,015 | ||
| Other creditors | 41,616 | 46,497 | ||
| Accruals and deferred income | 22,181 | 21,035 | ||
| 124,341 | 124,843 | |||
| 18 | Creditors: amounts falling due after more than one year | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Obligations under finance leases | 19 | 21,339 | 25,784 |
| Future minimum lease payments due under finance leases: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Within one year | 4,445 | 3,461 |
| Within two and five years | 21,339 | 25,784 |
| 25,784 | 29,245 |
| Retirement benefit schemes | ||
|---|---|---|
| 2024 | 2023 | |
| Defined contribution schemes | £ | £ |
| Charge to profit or loss in respect of defined contribution schemes | 67,326 | 80,819 |
| At 1 | Incoming | Resources | Transfers | At 31 August | |
|---|---|---|---|---|---|
| September | resources | expended | 2024 | ||
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| Operation Gideon Bursary | 9,664 | 4,022 | (1,500) | - | 12,186 |
| Local Ministries Development | 8,352 | 17,511 | (17,511) | - | 8,352 |
| Outreach | 223,085 | - | (98,457) | (1,465) | 123,163 |
| Church Resource Projects | 4,492 | 3,097 | (3,037) | - | 4,552 |
| Schools Work | 4,000 | 8,073 | (8,629) | 1,224 | 4,668 |
| Young Offenders and at Risk | 11,203 | - | (3,896) | (1,224) | 6,083 |
| National Director Projects | 5,290 | 3,768 | (2,878) | - | 6,180 |
| Evangelism | 8,313 | 29,120 | (15,729) | 1,465 | 23,169 |
| Communications | 6,554 | - | (253) | - | 6,301 |
| Income development | 3,000 | 26,000 | (18,085) | - | 10,915 |
| Capital projects | - | 21,786 | (6,987) | - | 14,799 |
| International and national | - | 19,759 | (19,759) | - | - |
| Personal support | - | 208,611 | (208,611) | - | - |
| 283,953 | 341,747 | (405,332) | - | 220,368 | |
| Previous year: | At 1 | Incoming | Resources | **Transfers ** | At 31 August |
| September | resources | expended | 2023 | ||
| 2022 | |||||
| £ | £ | £ | £ | £ | |
| Operation Gideon bursary | 10,250 | 3,462 | (4,048) | - | 9,664 |
| Local ministries development | 35,246 | - | (26,894) | - | 8,352 |
| Outreach | 256,272 | 148,000 | (179,221) | (1,966) | 223,085 |
| Church resourse projects | 4,191 | 301 | - | - | 4,492 |
| Schols work | 1,882 | 11,501 | (9,383) | - | 4,000 |
| Your offenders and at risk | 9,854 | 6,993 | (5,644) | - | 11,203 |
| National director projects | 5,290 | 920 | (920) | - | 5,290 |
| Personal support | - | 306,735 | (306,735) | - | - |
| Evangelism | 12,955 | 14,620 | (19,262) | - | 8,313 |
| Communications | 8,130 | 8,078 | (8,446) | (1,208) | 6,554 |
| Scotland | 1,852 | - | (1,852) | - | - |
| International and national | - | 24,849 | (24,849) | - | - |
| Income development | - | 3,000 | - | - | 3,000 |
| Restructuring | - | 40,750 | (40,750) | - | - |
| 345,922 | 569,209 | (628,004) | (3,174) | 283,953 |
| At 1 | Incoming | Resources | Transfers | **At ** | 31 August | |
|---|---|---|---|---|---|---|
| September | resources | expended | 2024 | |||
| 2023 | ||||||
| £ | £ | £ | £ | £ | ||
| Million Club | 6,077 | 209 | (6,000) | - | 286 | |
| Various | 13,394 | - | (1,925) | - | 11,469 | |
| Fixed Assets - Non cash | 681,001 | - | (32,195) | (8,303) | 640,503 | |
| The Discipleship Centre | 14,752 | 47 | (14,799) | - | - | |
| 715,224 | 256 | (54,919) | (8,303) | 652,258 | ||
| Previous year: | At 1 | Incoming | Resources | Transfers | **At ** | 31 August |
| September | resources | expended | 2023 | |||
| 2022 | ||||||
| £ | £ | £ | £ | £ | ||
| Million club | 1,000 | 10,252 | (5,175) | - | 6,077 | |
| Designated mission | 2,033 | 43,680 | (45,713) | - | - | |
| The Discipleship centre | 14,612 | 140 | - | - | 14,752 | |
| Fixed assets - non cash | 686,564 | - | (39,420) | 33,857 | 681,001 | |
| Various | 28,335 | - | (14,941) | - | 13,394 | |
| 732,544 | 54,072 | (105,249) | 33,857 | 715,224 |
| At 1 | Incoming | Resources | **Transfers At ** | 31 August | |
|---|---|---|---|---|---|
| September | resources | expended | 2024 | ||
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 79,787 | 955,189 | (1,037,271) | 8,303 | 6,008 |
| Previous year: | At 1 | Incoming | Resources | **Transfers At ** | 31 August |
| September | resources | expended | 2023 | ||
| 2022 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 93,946 | 1,056,822 | (1,040,298) | (30,683) | 79,787 |
| Unrestricted | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | ||
| general | designated | |||
| 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | |
| At 31 August 2024: | ||||
| Tangible assets | - | 640,504 | 640,504 | |
| Current assets/(liabilities) | 6,008 | 33,093 | 220,368 | 259,469 |
| Long term liabilities | - | (21,339) | - | (21,339) |
| 6,008 | 652,258 | 220,368 | 878,634 | |
| Unrestricted | Unrestricted | Restricted | Total | |
| funds | funds | funds | ||
| general | designated | |||
| 2023 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | |
| At 31 August 2023: | ||||
| Tangible assets | 681,001 | - | 681,001 | |
| Current assets/(liabilities) | 79,787 | 60,007 | 283,953 | 423,747 |
| Long term liabilities | - | (25,784) | - | (25,784) |
| 79,787 | 715,224 | 283,953 | 1,078,964 |
| Receipts | Payments | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Donations | - | 3,216 | - | 1,018 |
| Subscriptions | - | 1,184 | - | - |
| - | 4,400 | - | 1,018 | |
| **Donations made by ** | trustees | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Donations | 108,357 | 103,453 | ||
| 108,357 | 103,453 | |||
| Cash absorbed by operations | 2024 | 2023 | ||
| £ | £ | |||
| Deficit for the year | (200,330) | (93,448) | ||
| Adjustments for: | ||||
| Investment income recognised in statement of | financial activities | (6,835) | (5,024) | |
| (Gain)/loss on disposal of tangible fixed assets | (692) | 170 | ||
| Depreciation and impairment of tangible fixed assets | 32,887 | 39,249 | ||
| Movements in working capital: | ||||
| Decrease/(increase) in stocks | 1,484 | (5,031) | ||
| (lncrease)/decrease in debtors | (4,808) | 63,913 | ||
| (Decrease) in creditors | (1,486) | (23,008) | ||
| Cash absorbed by operations | (179,780) | (23,179) |
| **27 ** | Analysis of changes in net funds | |||
|---|---|---|---|---|
| At 1 September | Cash flows | At 31 August | ||
| 2023 | 2024 | |||
| £ | £ | £ | ||
| Cash at bank and in hand | 482,935 | (168,104) | 314,831 | |
| Obligations under finance leases | (29,245) | 3,461 | (25,784) | |
| 453,690 | (164,643) | 289,047 |