CHARITY REGISTRATION NUMBER." 273912 United Beach Mission Trust Unaudlted Financial Statements 30 September 2023 VER ANT ASSOCIATES LLP Chartered accountants The Old Mill, 9 Soar Lane Leicestar LE3 5DE Unlted Beach Mlsslon Trust Flnancl81 Statements Year ended 30 Sepiember 2023 Page Trustees, annual report Independent examine￿S report lo the Irustees Statement of financial activities 10 11 Statement of financial position Statement of cash flows 12 13 Notes to the financial siatements 14 Unlted Beach Mlsslon Trust Trustees, Annual Report Year ended 30 September 2023 The fruslees present their report and the unaudited flnancial statements ol the Charity lor the year onded 30 September 20￿. Reference and admlnlstr•tlve dets113 Rog16tsrod charlty name Charlty reglgtratlon United Beach Mission Trust 273912 p￿ncIp&1 olfice clo EVaThJe1￿al Movement of Wales Waterton Cross Business park South Road Bridge CF31 3UL The trustee$ Dr D N¢Nbury Prol S Tayk)r Mr D A Johnson Dr A Miichell Mr J E Duffin Mr S J WrvJlrt Dr D ￿nscOu9h Mr R S A Hilliard MrA Pryce Mr T J HO￿Ott IResign&l 1 Oolober 20221 (Res￿￿￿1 l January 2023> IAppointed 1 January 20231 IAkwolnted 1 January 20¥dl Indwndenl examln•r Mark IllirvJsworth The Old Mill, 9 Soar Lane Leicester LE3 5DE Unlted Beach Mlsslon Trust Trustees. Annual Report Iconllnued) Year ended 30 September 2023 Stru¢turo, gov•rnance and managomeni United Beach Mission Tnjst is a eharitable organisalion IReglslered Charity Number 2739121. The Declaration ol Trust dated 11th May 1978. aman¢Jed on 6th March 2¢J)3. 15 June 2005 and 24 November 2007 govems the Irusl, The orKJinal trusi de&ds and all amendmenls are held by the charrty's treasurer. The trustees, who form the EX￿Utive Committae (excepting any who are aso gmpbyees ol UBMI adminisier the charity. Tw8tees, Olll¢ers, Staff and Strueture On 30th September 2023. the offKers of the Charity were". Chalyman - Mr Timothy How18tt Secretary- MT Jason Dullin (who also acts as deputy chaimianl On 30th September 2023, the oihgr Iruste8S Were.. Mr Stephen Wright Prol. Stephèn Taylor Dr Alan Mitchell Mr David Ains¢ough Mr Richard Hilliard Mr Andrew Pryc9 The Execufjve Committee eonsisls of the trustees plus Ihe fulktime &xeculw8 Officer and part-ome Irrsh Executive Officer. Appointment of lulure trustees will be Irom volunteers dready committed to the woth of Ur7it•J Beach Mlsslons vtho WOU￿ add tangl￿8 beneltt In carryiro out the dut￿$ of Trustees. The desire ol the Execuknve Committeg is to look lor other people lo be apF(sinle(J lo it. This might mean a lempor8ry bu1￿ in rts size. As U8M's polrcy is that Ex8cullve Committee mombers slep down rf they ar& no longer aclively doing mission or at age 70 rf eadier, there is recognition that curr8fi1 members wll leave In 202512026. In January 2023 Prtsf Stave Taylor stepped down as Chairman, having seryed in that rolo lor 27 years. He ièmains a trustee. Mr Timolhy Howlett stepped doym from his employed ro19 as ExecLrtive Officer wlth the organisalion and look up the position of Chalmian. Dave Johnson also stood down as a INstee but will cary out the Ireasurerfs role unt51 a sullable replacement can be fou￿1 and trained. At the May 2023 meeting. It was agreed to approach Mr Ajan Wells lo take on th& role of treasurer and report to to the Executlve Cornmitt88 but not be a momber of that commltte8. He agreed to thls. and handover is currently in progress. The prc*&8s of looking for a now Executive Oflur started in the prOv￿U$ financial yaar (March 20221. After discussion whh Prof. Stove Taylor and Mr Dave Johnson and mgeting with the Irusleès ind1vKlual￿ at the fftainland Reunion conferon￿ in September 2022, Mr James Lycett was ollered and accepted the role. Mr James Lycett stepped Into role as Executive Offker on the 1 st of November 2022. At thè end of Decernb8r 2022 Mr Tlmothy HO￿ett ofticially sl8$1)ed down from this role whlch allowed for a on8- month handover periorj and a one-monlh gap before starting his next pa#1 empltsyThenl. The Executive Officer 1$ a member ol th& Ex8culiv¢ eommittee but, as a Pa￿ otticial, not a ITusl8e. The Adminlstration Officer is Miss Tirzah Jones. United Beach Misslon Trust Trustees. Annual Report Year ended 30 September 2023 The part-time lrfsh Exe¢ulNe Officer is Mr Hugh Martin. His prlmary locus is lo a) progress the establlshment ol the UBM Flepubllc of Ireland TNSI (see later) and bl coordinate recruitment and devek)p relalionshlps wlth a vw to sge more volunteers on Irish leams. He WOU￿ be paid on a self- employed bask% and woulj be reswnsible for his own HMRC payments. Two othw staff {Mrs Ulwyn Marshall and Mrs Marion Mayes) were employed on a part-lime basi8 to help ¢arry out the adminlslralion lunGlion ol UBM. This amounts to approximately hall a full time equivalent. Occasionally. there was a need lor them to earry out spectfic tasks which were carried out accordSng to the luilough piowsions of the goveinmenl scheme. Mrs Mamn Mayes slekJ)ed down from her TO￿ with UBM in September 2023. Organisational Siructurfr Many operational deeisions are d8vofved lo thg Management Grovps {MGI. There are four MGS (English and Welsh Beach Missions, Irish B¢ach Missions, Christian Answer Missions. Continental Mi88ion$l and each MG ha8 a Ift￿1¢e as ts cha'r. They regularty meet to mview the opgration of tho work. The ExecutSve CommMte8 seek lo meet when they can Io Strategically develop the work as well as cover Ihe18gal and governance Issu8s expecied of trustees. A subset of the Executwe Comrnitt88 will occasionally m00t up with the ExecuNve Officer and AdmSnistrallon oificer lo progress matters raised al ihe Executrve Committee. There has been ongolng discussion as lo how bèst lo organise responsibllliies such Ihal the work of UBM is managed and dèvtsk•ped effectively. Unlled Beach Mlsslon Trust Tyusieos. Annual Report l¢ontth Year ended 30 September 2023 Obloetlvès and acllvltlès Thgre are three priwpal aGINNies ol UBM. The Ilr8t prlnclpal aetlvlty is the proc￿Mal0n and furthefanc8 ol the Gospel of Gfxl conGerning hls son Jesus Christ and the preaehing and teaching ol thè Christian faith in the UK, the Republic of Irdand and in Continental Europe. This Ss achieved by Ihe organisatlon, sponsorship and promotlon ol lffler-denomlnallon￿ Chrlstian work. In part￿ular, U8M organlses: al 'W¢h Mission, teams on the beachgs ol the UK, Ireland arKI Continental Europe wlth th8 alm ol sharirMJ the good news ol Jesus with families. bl 'Christtan Answerf teams in various cities and lourlst k)Cal￿nS ￿thIn the UK Isuth as LO￿n, CambrfL*Je, Oxford and Edinburghl. Thi% is through op8n-￿r preaching of the Christian laith. book tables and persc￿￿ engagement y￿th Ihosg willing to do so. ¢1 'Interna￿Onal st￿￿ent Oulrea¢h' teams. This aspoct of the work currenlly runs in Bournemoulh. dl 'Avancerf teams. Th9s9 weeks of ￿angel15M organSsed by local churche8 in French speaking Europe. The churchès are res￿nsib￿ {legalty and linanciallyl for the wegk, bul UBM is happy to promote. pray lor and provide team members lor oach ol them. e} 'MV' Teams run in drfferenl European locat￿n$. In 50mp instances, as with Avancer 168ms UBM promole and provNJe teams members and the work is run moslty ty the I￿al church. In other instances. the leadershlp and vasl majorty of the team apply through UBM wi¢h the lo¢al church SUF¥)Orting the mlssion. The seeond prlnclpal actmty is to dèepen the knowle(13e of th8 Biblo ol those we have mel through the above aclfvlll8s. In partioular, UBM: al organlse8 BIb￿ correspondgnce ￿Urse3 for children and adults. b) answers any queries aLN)ul Ihe Christian faith from those who Inquire. Th• third princlpal actfvltyi5 to train and develop UBM volunteers (both on teams and throughout year) for the task of sharing the good news ol the GOS￿1. These come trom churches wilh whom we Seek lo establish a good worklng relallonshlp. In 2022. 328 difforenl churchas sent volunteers weeks with UBM Impact ol tho Cov1&19 Pandomlc This y8arfs reFQrt will bè th8 la51 relgnce lo the impact of CovkJ-19. The 2022 and 2023 missron years were seen a8 a building ba¢k seasons loi UBM. After no missions in 2020, we werg able to run some teams in 2021 with differenl restrictions in place across the drfferent countries in vthich we 0￿rats. 2022 promdod further opportunity to start redeveloping and increase those opportunities and in 2023 Ih&re wa5 a slight increase again. In these 2 years, we were a￿e to run more teams arKI accept more team memb8r$. There is an a¢knoYAedgmenl ￿th5n UBM that il will take a lew more years lo rebulld and reaeh the same level as we-covid lig 20191, both in lorms ol the numbei ol rnissM)n weeks Gan run and leam members. Publ1¢ 88Mlit UBM provKles pjblic benefft In many drfFerent ways. The main benellts in¢luds, but are not confined 10, the lollovhng.. ' M8kiThJ known the Gospel ol Jesus Christ, fr8&ly aTrJ %wthout tharg9. to familles and indNiduds. È#)Ih Unlted Beach Mlsslon Trust Tru￿ee8. Annual Roport (¢Onllnwd) Year endad 30 Sepiember 2023 in ihe UK and beyond. who ¢lherwise woukl not have the (¥Jportunty lo hear it. . Maknng freety known the leaching ol th& BIl￿e lo members of the publi¢. in the UK aThJ abroad. ' PTowding free family centred aclrwl'es for holidaymakers in thg UK and a￿ad. . Provithng leaching lor young peO￿e in the Christian faith. . Proviolng training for young people in the praclice and prSn¢lpl&s of ihe Chrislfjan falth. Provlding opportunttbs lor young people lo develop teamwork k8adership Skills. ' Provldlng training for young peopte in FJublK spoaking and dobaling. Prov*Jing a resource for gvangelul churches lo train their young peopie. Providlng trwniThJ as children's. lamlly and ￿r￿nal workers. Pro￿dIng training and opportunilies in evangelism. SuFptylng Iheralure Ireety regardirKJ the Chri%tian laith to memb￿3 of the publc. Providing online resourcos Ivia Sever￿ websites) to explwn the Chrfstian faith. ' Pro￿dIng Bible correspondence courses anabling d&op8r understanding of Chrislianty. Providing trwning and opportunilles in crtss5-cuttural evangelism. Provl(Ing a trainlng ground for younger Christians that other Christian organisatlons draw workers Prlnclpal Addre$$les) During this financid y8ar, the r8gistargd off￿9 of UBM was: lo Evangelical Movernent ol Wales, Watsrton Cross Business Park. South Road. B￿1gend. CF313UL. We also rent subshjlary oifice space for our Irish operatr)n al.. 218 York Stre8t Belfast BT15 1GY. UBM banks al: HSBC, 42 Wo¢xiford Road. Bramhall, Stockport, Cheshlre SK7 1PA. U8M has a couple of operalional bank accounts leg wllh Danske Bank) lo manage payrnenls for the Unlted Beach Mlsslon Trust Trustses, Annual Report l¢onllnu•d) Year ended 30 Seplember 2023 Irish missions we wn. Achlevgmants and ￿rfOrmanCe 2023 A¢tlvllle¥ Ev8ngell8m The man focus lor thg 2022123 financial year was io continue rebuikiing and consolidate our mlsslon opportunities post Covld. We recc¥Jni8e that r8lurning to the pre Covld-19 pandemic lev81s would take several years and would need lo take Into account our usuai wnSKleralions such as strong teams and dual leadershlp. In 2023. a5 in 2022, we were lo open this on 1st January as has b88n th8 usud practice before the Covid-19 Pandemic. The summary of Miss￿n$ we ran is., - 36 weeks Erolish and Welsh mlssion$ 12 lrfsh missions 11 Christian Answer missions 3 weeks of Inlemational Student Outreach mL8slons 6 Continental 'MV' missions - 2 Avancer misslon While most missions opgraled wth smallgr teams then in 2019, many commenlgd on the openness of families reached by the woth. All missions were able to.run programmes and il encouraging lo renew old a￿1 pr8vIou8ty Trached contacts. The number ol team members in 2023 was 749, which was an increase from the 699 In 2022, and up Irom the 358 who joined teams In 2021. Follow up The websites for bolh the Chrlslian publ￿ Iwww.ubm.org.Lthl arKI those we meet whgn we run our activities IlhebgaGhieam.org. Iheehiisliananswer.org} are visited regulady. We receNe responses and gnquiries ITOM Ihern on a regular basis. R8sources are sent lo all parts of thb v￿rkI Irom p¢ople wishing to lind out more about th9 Chrlslian lailh. The Postal Bible Club IPBCI continues to otter free Bil￿8 correspondence courses to Ihose we havg m8t through the work on thg beaches, and each month we sènd lesson to hundreds of Chiklren. It 1$ FAanned lo review the ell8Ctiveness ol thi$ side of our work and make changes thai lake into aceounl the ever-changing needs of lomilies and irKlividuals we meet. The lull impact of our evangelistic outreach is unknown. Ea¢h year we have emwL8 from peoplè who United Beach Mlsslon Trust Truslees. Annual Report {conUnu•dJ Year ended 30 September 2023 have been helped through the worf( of UBM. Some of the stories go back many years. but we gel to hoar them for the first Ilme. Tralning •nd F•llowship In Mar¢h a joint LeadershSp TranirKd event was run in o)njunction ￿1th Young Life, helj in the Bromsgrove area. The eveni was designed to provide biblical tea¢hing on leadership lor oxperienced team members. Our usual Leaders and Seniors, Day Ipreparalion loi going on rnissionl was held in th9 Nuneaton area in May. A lull UBM Reunion Conference, was attended by around 300 people In September and hgld at the Cefn Lea Christian Conference Centre in Newtown, Wd6s. The leaching was based around the theme ol being rgady to serve Jesus. In mid-seplember ihose involved In Irlsh Beach Mi$sions me at Belfast Blbla College for leachlng and fellowship across Ihg FrKlay evening and Saturday. Revlew In 2020, a review of the wholo work was initiated. Various lask groups were sel up lo assess thèir speclllc areas ol the work. The rewgw highlighted key priorrties lor each area and these will be kept visible lor each of the task groups. For each ol the areas, the main locus was lo restart misslons as Cowd restrictions wgr9 eased. As reported above, this has been further built upon in the 2023 season. More ol the key out wortdasses- restrirtgd income funds or endowment funds. 14 Unlted Beach Misslon Trust Noies to Ihe Flnanclal Slatements (¢MUmMdJ Year ended 30 Septornber 2023 & A¢eounting pollcles I￿ntInued} Incomlng resour￿5 Income All Income is in¢ludgd in the slalement ol fInanci￿ a¢iivf(ies when the charity is entiled to the income, any pgrformance reLated conditions alla¢hed have ￿en met or are fully ￿1h1n the contr of the charity, the income i8 considergj probabl8 and the am￿nI ¢an quanlfled wlth reasonable accuracy. Resources expondod Expenditure is recognised on an accruals basls as a liabS11ty is incurred. Expendlure includes any VAT which cannot bè lully Teo)vered, and is dassified under hea(fjngs of the statement ol financi￿ activities to wh￿h il r•lat•5'. expendttUTe on charitabte actmties Incbjas dl ¢osls incurred by a charity in undertaklro actiwties that further ils charitsNe aims for the benefit of its ben8liciarles, Includi￿ those supp)rt costs and costs relating lo Ihe goveman¢e of the charily apportioned lo charitable activities. Tanglbk 88$0ts Tangible assets are Inllialty recordèd at cosL D¢precl•llon Depreclatltm is calculated so a5 to write off the cost or valuation of an asset, less ￿$ r¢sidual valuo, over useful economlc Ilfe ol that asset as folbws- Freehobj propety Fixtures and fittings No depreciation 25Y. r¥Jucing balance No (kpwiaiion Yill be prO￿ded on F*operties.Periodic revaluatlons wlll be applied, on a frequency Th)1 exceeding 3 years, recognising the PDt8ntial resale values ol the prop¢rtigs. The St Ives valuation was a mklpoint 013 recent commerclal valuations, and the Llandudno valuation based on similar prope￿e$ sold in the area. Thg Nwquay property was acquired in the previous year. ar￿ the costs of acqulsltlon, together with professlonal fees and pJs1 acquisition renovatlon costs have bgen expens￿1. Governmonl grants Government grants are reccgnisgd al the fair value of the asset rÈc8lved or recewable. Grants are not recogn5S￿ untll there is reasonable assurance that Ihg charity wll comply with the condltk)ns atta¢hkng to them and the grants vlll be re¢eived. Where the granl (*)es not impose specified future p9rformarx8-relal&d collditions on the recipient, it Is reoognised in income when the grant proceeds are receNed OT recaivable. Where the grant does impose specMSed future performance-related condltSons on the rg¢ipient, il is rgcc¥3nisgd in income only wh8n tho performarK&Telaled coThJillons have been met. Where grants receNed are prior lo satisfyng the revgnue recOgn￿on critèria, they are recognlsed as a 15 United Beach Mlsslon Trust Notes lo lh8 Flnanclal Statsmenls (conllnwd) Year endod 30 Sepiomber 2023 A¢countlng polleles {eonthu•dJ Finanoial instNmonts A Ilnancial asset or a Ilnanc4al liabllity is r￿Qgnis￿l only when the entity b￿Me$ a paty to the contractual provisions ol th8 instrumènL Dfrflned ¢ontrIb￿lOn plan8 Conlrfbutions to defined conlribullon plans are recognised as an expense in the perlod in whlch the related s8rvice Is provlded. Prepakl contributions are recognlsed as an assét to the extent that Ihe prgpayment wlllload to a reductlon Sn futur& payments or a cash refund. When c0nlrlbut￿￿s are not expected lo be setued wlK)Ily wilhin 12 months ol the end ol Ihg reporting daio in wh￿h ihe employees render the related servlce. the liabilily is m￿Ured on a discounl8d pr9sent value basis. Thg unwinding ol th8 dis￿Unt is re¢ognised as an exp8nse in the ￿r[co￿ in which Il arises. Donatlon$ ond1oycIo8 Unreslricled Funds R8Stridfjd Totsl Funds Funds 2023 Donallon• Donatk)ns Specllied gmng 174,586 174,586 Grants Govemrnent grant income 174,586 174,586 Unrestrictèd Funds Restricted Totd Funds Funds 2022 Donallons Donatk)ns Speclfied givlng 197.270 197,270 25,000 25,000 Grant8 Gov&rnmenl grant income 155 155 197,42S 25,000 222,425 16 Unlled Beach Mlsslon Trust Notes to the Financlal Statemenls (conllmt•d) Year ended 30 Septsmber 2023 Charltable acll¥lll8s UnresMcled Total Fund8 UnreStr￿ted Totsl Funds Funds 2023 Funds 2022 DepJ8its and fees for missions DeFY)sils and fee5 for reUn￿n Use ol propety Sale of shirtslmaterials Other incomelexcharyg drtferences Feesldonations recglved at centres 61,952 16.394 61,952 16,394 60,502 16,675 1,670 5,808 3,388 257 60,502 16,675 1,670 5,808 2.662 2,622 11,317 94.947 2,662 2,622 11,317 94.947 257 88,300 88.300 Inv8StmM Incom Un￿strICted Tot•1 Funds Unrestsicted Tota Funds Funds 2023 Funds Bank inl8rgst r8c8Nabl8 198 198 44 Other Income UnrestriGled Totsl Funds Unr¢stri¢l￿ Total Funds Funds 2023 FurKIs 2022 Other Income 35.083 35,083 Expondliure on charltable xtlvltl•s by lund type un￿StriCted Total Fund$ Unreslricte(l Total Funds FLU￿$ Funds 2022 Charitablo Activities Support costs 371,171 2,455 373,626 371.171 2.455 252,653 2,213 254,866 252,653 2,213 2S4,866 373,626 Expendllure on charitable aclivftl￿ by a¢livlty type AC￿VItieS uThlertaken direcly Support costs Total funds 2023 Total fund 2022 Charftable Athtties Govemance costs 371,171 371,171 2,455 373,626 252,653 2,213 254.866 2.455 371,171 2,455 17 Unlted Beach Mlsslon Trust Notes to the Flnanclal Statements fconllnwd) Year ended 30 September 2023 10. Net (oxpendlture)Iln¢om• Net lexpenditureljlneome is ststed after ehargingllcrgdf(iTrJl'. 2023 2022 Depreciation of taNJible fixed assets Foreign exchang0 differences 1.047 11801 741 11. Independont •xamlnatlon f•08 2023 2022 Fees payable to the Independent examiner lor.. Indgpendent examlnation ol the lin8mcial slalements 2.050 1,950 11 Staft costs The total staff costs and employe& bènefits for the reF(Srting pedod are analys•J as follows: 2023 2022 Wages and salaries Employer contributions lo pensDn plans 97,203 4,521 101,724 83.685 3,372 87,057 The averag8 head eounl of employees during Ihe year was 5 IW22.. 51. No empb)yee re¢e￿ed employe8 benefits of moro than £60.000 durlng the year (2022.. NII}. 13. Trustee remuneratlon and oxpens•g No trustees rgceived remunèration from the charity duriThJ th9 year {2021 £nlll. During the year expense5 Wgre mel by the charity on behaw of one trustee CaTh￿ng out charitab aclthties amountlng to £1.311 12022.. £7351. 18 Unlted Beach Mlsslon Trust N0188 lo the Flnan¢lal Ststements (eonttnwd) Year ended 30 September 2023 14. Tanglblo Ilxod assets Freehold ￿￿t￿reS and property fltlrys Total At 1 October 2022 AdJllh)ns 1.070,%9 1,070,569 10,050 1.080,619 10,050 10,050 At 30 &plomber 2023 DepTecMlon At 1 October 2022 Charg8 for the year AI 30 September 2023 C4rrylng amount At 30 Sgplember 20rJ At 30 September 2022 1,070,569 121.750 121,750 1.047 1,047 121,750 1,047 122,797 948.819 9,003 957.822 948.819 948,819 15. Debtor8 2023 2022 Prepayments and accrued income Other debtors 1.408 47,632 49,040 17,976 19.196 16. Cl￿1t0r5. amounts falling du• wllhln one yur 2023 2022 ruals and d8lerred Income Social sgcurity and other laxes Other credilois 3,167 1,340 257 5.1)01 1,393 4.764 6x12 17. Credltors: #mounts faNing after moro than ong year 2023 2022 Other creditors 75.000 75.000 19 United Beach Mlsslon Trust Noles to the Flnanclal Statemenls ftonllnu¢dJ Year ended 30 September 2023 18. Penslons and othw PO￿ retlYemBnt b8ngfits Delined contrlbutlon plans The amount recconlsed in in￿ffle or eXp&￿Illure as an expense in relallon to defined contribution F4ans was £4,521 12022.. f8,372}. 19. Govwnment grants The amounts reccgnlsed In the IlnwKial Statements for govemment grants are as follows: 2023 2022 Fle¢ognised in income from donallons and legacies: Govgmm8nl grants income 20. Anaty3ls ol eh•ritsbl• funds Unre8trlcted lunds 1 October 202 30 Soptombe r 2023 Income Expendilure Transfors G&noral funds Revaluation reserve 661,616 403.750 304.814 1373,6261 25,000 617,804 403,750 1,021,554 1,065,366 304,814 1373,6261 25.000 Al 11)ctot*r 202 30 September Ineome Expenditure Transfers Ggneral funds Revaluation reserve 602,163 403,750 1,005,913 285,769 1254,866} 28,550 661.616 403.750 285.769 1254,8661 28,550 1,065.366 20 United Beach Mlsslon Trust Notes to the Financlal Statements iconAtnuodJ Year ended 30 Sepiomber 2023 20. Analys15 of charltable (eontimMd) Reslrlcted ￿n￿9 At Y October 202 Income Expenditur 30 Septembo Transférs Reslricled fvnd - N8w Quay House Restricted Fund Llandudno House 25,000 25,000 125,0001 {25,0001 At 1 October 202 Income Ex￿ndItUre 30 Septembèr 2022 Transfers Resldcted fund - New Quay House Restrict8d Fu￿j Uandudno House 28.550 128,550) 25,000 25,000 25.000 25.000 28,550 {28,550) 21. Analysls of not aswts betwoon funds Unrestricted Funds Reslricled Total Funds Funds 2023 Tangibl8 fixed assets Current assets Crgdilors les$ than 1 year Gredil)rs greater than 1 year M•t assets 957,822 143,496 14.7641 175,0001 1,021,554 957,822 143,496 14.7641 175,CKJOI 1.021,554 Unrestricted Funds R8slricted Total Funds Funds 2022 Tanglble lixgd assets Current assets Creditors less than 1 year Credkors great¢r than 1 year 923,819 223,049 {6:502 175,000} 1,065,366 25,000 948,819 223,049 16,5021 175.0001 1,090,366 25,000 21 Analy818 of changes In net debl At Al 1 Ocl 2022 Cash flows 30 Sop 2023 Cash at bank arKI in hand 203,853 1109,39n 94,456 21