Charity reglstratlon numb8r. 279046
Georgeham Old Rectory Trust
Annual R8POrt and Fjnanoal Stai8ments
for the Year Ended 31 Decemb8r 2023
WESTCOTTS
MARTeRED ACCOLINfANTS
I •USINES$ ADV15ER5

Gaorgaham Old Rectory Trust
Contents (continued)
Trustee's Report
1103
Independent Examinerfs ReFQrt
Statement of Flnancl81 A(thltles
Ba18nc£ Sheet
Notes to the Flnanclal St8tements
7t017

Georgeham Old Rectory Trust
Trustee's Report
The Irust& presents the annual report together wth the unaudlted financlal statements of the charity
for the year ended 31 December 2023.
Rèference and Admlnlstrallve Detalls
Charty Reglstration Number.
279046
Prlndpal Office..
St George's House
Georgeham
Braunton
Devon
EX33 1JN
Independent Examiner:
lan Huggett FCA
Westcotts (SWI LLP
47 Boutport Street
Bamstsple
Devon
EX311SQ
Emall admln@sghdevon.org
Webslte www.sghdevon.org.uk
Tèlephone 01271890755
Tru8tee- G•org•ham Old Rectory Trustee Company Limited
Directots Mr M Eltyatt, Mr A Mortimer, Mr M Scott. Mrs E Matthews, Mr M Reece, Mrs R. Rlddall.
Melhod of appointment of dlrectors
The Directors of the Georgeham Old Rectory Trust Co Ltd whith acts as the Trustee for the
Georgeham Old Rectory Trust m8y appoint directors by simple majority. There may not be more than
slx directors nor less than four. Appointment formally agreed 8t the following Dlrectors meetlng.
Objectives and actlvllle8
Publi¢ Benefit
We have refer￿d to the guidance contslned in the Charity Commlsslon's general guidan¢e on publlc
benefrt when reviewlng our aims and ObjeCt￿e$ and in planning our future activities.
Achievomènts and performancè
The year 2023 wa$ our 45th year of operation. This year we continued to welcome groups to stay at
the house and experience the beautifijl ar8a that we live in.
We oft￿ agaln had the opportunity to fulfil Ihe primary objective of our Trust which is to provide a
Christian Conference and Outdoor Centre at 8n affordable level. The work Is based at a converted
Old Rectory called St. George's House, owned by the Trust. W¢ aim to promote the Christian Faith
by working in a sensltlve manner on a non4enominational basis.
Paga I

Georgeham Old Rectory Trust
Trustee's Report (continued)
We work whh 2 varfety of groups, mainly young people, from all t￿eS of background both Chrfstlan
and non-christlan. In addition, we are involved in helping to run local youth work and have a small
Input to some of thÈ local schools. The support that we receive has been a real encouragement.
Fr(￿ February, groups hav8 continuad to arrlve wilh more 8nthusiasm th8n expected. We have had
approximalety 2000 young people at the house and work wlth around 60 groups be￿en March and
mid-Novemb8r. Groups come from a variety of backgrounds, for a minority of young people this is
their only trip away from their home environment. Part of thelr experlence Is an opportunity to view,
enjoy and leam to appreciate the unique environment ol the North Devon coast and countyside which
is a wonderful example of God's creation.
We have an educational blas In our wor1(. pro)Adlng and running courses for schools and colle
groups. Each group is offered a varlety of experrences from a wide range of outdoor activitses. These
include Climbing. Canoelng, CoasteÈring, Surfing, Archery, Mountain Biking and Ringo. We use a
range of game9 and experl&nces which are designed to encourage personal development and team
aw£reness. We also run Fi&ld Studi85 courses. We hope and pray that thn89 who stay experSence
somethlng of the love of Chrlst In the way that we look after them as a staff team.
We maintain a generous prlclng polScy to enccurage the maximum access by young peopb to Ihe
Centrg, particularfy Ihose who may not otherwlse have the opportunlty. Groups recalvlng additlonal
assistance in 2023 were 2 schools from N Devon, 1 from London, 1 from Mldlands and som&
individual bursaries and reduced numbers for youth groups.
We support local church youth work wlth staff and other resources. The Point youth worf( Is run in
Georgeham for years 6 - 9 and has been running for more than 10 years. The Iccal young people are
very enthuslastlc 8nd there has been on avernge 20 ￿uS attending each week.
Matthew and Lorraine Upward and thelr 3 children live in St George5 House. Matt, th8 Centre
Manager, is responsible for the d8y lo day wnning of the House. Chris Barrow also on the
management team INes cn site wilh Amy and their family. Martin Larrington the Head of Centre Ilves
in thg village. Jake Eagles, Matt Brook, Josh Eastham, 1s5y TNey, Ayers Oli Veale and Franc8sca
Priestley as outdoor activity providers dlsplaygd a high rgvel of commitment, ability and success in
delNering courses. We were very fortunate lo recgive additional help from a few volunteers and
freelance instructors.
God always seems to provide for us and the quality of the staff never seems to drop. We never qulte
know where the new team will come from, but as we finlsh th8 year. we are blessed wlth real quallty
coming in to add to the Team.
Financ•
We have had massive support this year from Indlvlduals and govemment grants. Gifts to the Trust 8re
just under 10% of our income.
Of whlch
Total Income donatlons
341,190
34,266
Expendlture
314,245
Financlal Rlsk Ass888ment Pollcy
Th8 finances of the House remain strong, as we had another full season of groups in 2023. We thank
God that the House has been blessed by the glfts and prayers of supporters.
A degree of cautlon 19 still requlred due to the currenl economical climat8 . Rising infiation 8nd utilty
cost rises sees a gr8alBr need for us to support individuals as we go forwaid.
Page 2

Georgeham Old Rectory Trust
Trustee's Report (continued)
Possible Contingency Requlrements
Unexpected BiIlsAegislatio￿st8ff illnesslstaff Inlury
50,000
Reservés Pollcy
. Nine months exFenditiJre to be held on account to cover contingencles lapprox . £236,000)
. Balance to cover malntenancel replacementsl expansion of maln objectiv85. Aso, to
cover flurtuations to income year to year.
As at 31 De￿mber 2023 totsl reserves amounted to £823,128 of which, £690,350 related to
unr&strlcted res8rv8s and £132.778 related to restricted. This is In excess of the truslees reserve
policy. but the trusteas feel it necessary to retsln unrestricted reserves to ensure the long term
sustsinabilty of the charity.
Operatlonal Rlsk Pollcy
The operational rlsk is the maln area of concem for the Trustees as it covers the care of young people
and the possibiltty of uninsured clalms. The follovAng safeguards are reported and revlewed at
Trustees meetings each year for an annual health check. (AIM provlde liabilty covor of £10 million
and ANSVAR bulldlngs cover from May 20131
. Nomial Activty Rlsk Assessment
. Ac¢ldenl reports and near mlss8s on activities and around the site
Revlew of Insurance {buildings, activlties, public liability and employ8rs liabilty)
. Updates to Child Prot8ction Pollcy Ipemianent agenda item)
Plans for tho Future
The charlty is advely $88klng opportunities lo extend the land and prop8ty, In order to accommodate
more staff and broad8n the scope of its activlties. We have installed solar panels on the Coach House
at a cost of £10,000. Heating up grades and an addtllonal bathroom facdty are in motlon at an
expected cost In the reglon of £40,000.
Approval of Annual Report and Accounts
The above report and ac￿untS have approved unanimously by the directors of the Georgeh8m
Old Rectory Trusteg Company Ltd.
The trusts8's annual report was approved on ........ ...............
trustees by.
. and signed on behatf of the board of
Signed by Andrew Mortimer on behalf of the directors
Page 3

Georgeham Old Rectory Trust
Ind&pendent Examinerfs Report to the trustee of Georgeham Old Rectory Trust
I report to the trustee on my examination of the accounts of Georgeham Old ReGtory TTU5t ft)r the year
ended 31 December 2023.
Responslbllltles and basis of report
As the charity trustee of Georgeham Old Re¢tory Trust YJU are responsible for the preparation of the
a¢counls in accordance with the requlrements of the Charities Act 2011 {'the Act,).
I report in respect of my examination of the Georgeham Old Rectory Tru5fs accounts carried out
under section 145 of the 2011 Act and in catyng out my examination I have follow&J all the
applicable Directions given by the Charity Commission under sedion 145(5){bl of the Act.
Independent examlneffs statement
Since Georgeham Old Rectory Trusrs gross income exceeded £250,000 your gxaminer must be
member of a body listed in section 145 of the 2011 Act. I confirm that l arn qualffied to undertake the
examinall()n because l am a member of. whith Is one of the listed bodKgS.
I have complete¢J my examination. I confimi that no material matters hav8 come to my attentlon in
cthnection with the examination gNing me cause to bgli•ve Ihat in any material respect:
1. accounting records wera not kept in respect of Georgeharn Old Redory Trust as requlred by
section 130 of the Act., or
2. the accounts do not accord with those records; or
3. the accounts do not comply wth the accounting requlrements ¢onGerning the form and content of
accounts set out in the Charities (Accounts and Reports) RegUla￿On$ 2008 other than any
requirement that the aecounts give a 'lrue and fair view. wliidi Is not a mattor considered a8 part
of an irMlependÈnt oxamination.
I have concems and have come across no olher matters in connection vAth the eXamIna￿On to
whith attention should be drawn in this report in order to enable a proper understandlng of the
accounts to be reached.
lan Huggett
W8sto)tts (SW) LLP
47 Boutp￿ Street
Bamstaple
Devon
EX31 1SQ
Oate:..
Pago 4

Georgeham Old Rectory Trust
Statement of Flnanclal Activities for the Year Ended 31 Docernber 2023
Unrèstrlcted
funds
Restricted
funds
Total
2023
Total
2022
Note
Income and Endowments from:
DOna￿onS 8nd legacies
Chafitable activitles
Other trading actwitios
Investment income
Other incomè
34,266
293.385
4,272
765
8,502
34,266
293,385
4.272
765
8,502
38,389
259,871
2,502
97
7,892
Totsl Income
341,190
341.190
308.751
Expenditure on:
Ralslng funds
Charitable activities
(3,147)
309,344)
13.1471
{311.098)
12,3161
{261.135
(1,754
(1,754
Total ftXpend￿ure
312.491)
{314,2451
1263,4511
Net 1ncomel{expend￿UreI
Net movement In fvnds
28,699
{1,754)
,945
45,300
28.699
11,7541
26.945
45,300
Recon¢iliatlon of funds
Total funds brought fomrd
Totsl fvnds carried forward 20
661,651
134,532
796,183
750,883
690.350
132,778
823,128
796.183
JI of the charity's actlvlues derlve from continuing operatlons during the al)ove tsvo periods.
The funds breakdown for 2022 Is shown in not8 20.
The notes on pages 7 to 17 form an integral part of these finanaal statements.
Page S

Georgeham Old Rectory Trust
(Reglstratlon number: 279046)
Balance Sheet as at 31 D•Cam￿r 2023
2023
2022
Flxod assets
Tangible assets
Current assets
Stocks
Debtr)rs
Cash at bank and in hand
14
451,586
446,871
15
16
17
3.750
20,542
391,470
415,762
{44,2201
2,500
17,018
363,676
383,194
133,882)
Crodltors: Amounts falllng wlthln one year
Net current assets
18
371,542
349,312
Not assets
823,128
796,183
Funds of th• charity:
Rostrietèd income funds
Reslrlcted funds
132,778
134,532
Unrestrfcted In¢ome funds
Unrestricted funds
690.350
661,651
Total funds
20
823,128
796,183
The
ncid statements C￿ pages 5 to 17 were approved by the trustee , and authorised for is8ue on
and signed on their behaw by.
gr- Director on behalf of The Getyg8ham Old Rectory Trustee Company Limited
Trustee
The notes on pages 7 to 17 form an Integral part ofth8se finanual statements.
Pag8 6

Georgeham Old Roctory Trust
Notes to the Financlal Statements for the Year Ended 31 Decomber 2023
1 Accounting policies
Statement of compliance
The financial statam8nls have baen prepared in accordance the second edition of the Chariti8s
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charities Act 2011.
Basis of pmparatlon
Georgeham Old Rectory Trust meets the definltion of a public benefrt entity under FRS 102. The
accounts (financial statements) have been prepared under the historical cost convention wlth Items
recognlsed at cosl or Iransadion value unless otherwise stated in tho r•lovant note{s) to these
accounts.
Golng concern
The trustee conslder that there are no rnaterial untxrtaintles about the chariVs ability to continue as a
going.conc&m.
Incom• and endowments
Voluntary income including donations, glfts, legacies and grants thal provide core fundlng or are of a
general nature is recognised wh8n the charity has entitlement to the in¢ome, it Is pn)bable that the
income will b8 received and the amount can be measured with sufficient reliability-
Donations and legacies
Donations and legacies are r&cc4Jnlsed on a recelvable basis vthen recelpt Is probable and the
amount can be reliably measured.
Grants recelvab
Grants ara r8cognised when the charty has an en￿￿ement to the funds and any conditions linked to
the grants have been met. Vvhere p8rfomianc8 conditlons are attached to the grant and are yet lo b&
met. the Income is recognlsad as a liabilty and included on the balance sheet as deferred income to
be ￿leased.
Deferred income represents amounts r8ceNed for luiure periods and is released to Incomlng
resources in Ihe perfod for which, f( has been received. Such Income is only deferred whèn:
- The donor specffies Ihat the grant or donation must only be usad in future accounting perlods., or
The donor has imposed ￿nditionS which must be met before the charlty has unconditional
entitlement.
Inv8stment income
Dlvldends are recognised once the dividend has been dedared and notification has baen r8calved of
the dividend due.
Page 7

Georgeham Old Rectory Trust
Notes to the Flnanclal Statements for the Year Ended 31 December 2023
(continued)
Expendlture
All expendilure is recognised onts there is a legal or constructive obligation tr) that expendlture, It Is
probable settlement is required and thè amount can be measured reliably. Al ¢osts are allocated to
the applicable 8xpenditur8 heading that aggrogate similar costs to that category. Where costs cannot
be direcuy attributed to partI￿lar headings they have been allocated on a basis consistent wth the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support ￿sIS are allocated based on the
spread of staff costs.
Ralslng funds
These are costs incurred In attractlng voluntary Incoma. the management of Investments and those
Incurred In trading activttles that raise funds.
Chafftable actlvlti8$
Charitable expenditure comprlses those costs Incurred by the charlty in the dellvery of Its actlvltl&s
and seNlces for Its beneficlarles. It Includes both costs thal can be allocated dlrectfy to such advllles
and those costs of an indirect nature necessary to support them.
Government grants
Government gr8nts are recognised based on the accnjal model and are measured at the fair value of
the asset received (Y receivable. Grants are classffied as relating either to revenue or to assets.
Grants relating to revenue are recognised in income over the period in which the related costs are
recognised. Grants relating to as8ats ar8 recognised over the expected useful lite of the 8sset. Where
part of a grant relatlng to an assel Is deferred, it Is re¢xgnlsed as deferred Income.
Tanglble flxed assets
Indtvidual fixed assets costing £1000 or more are initialty recorded at cost, less any subsequent
aGGumulated depreclauon and subsequent accumulated impairment losses.
0oprè¢iation and amortlsatlon
Depreciation is provided on tangible fixed assets so as to wrfte off the cost or valuation, less any
estimated residual value. over their expected useful 8conomlc Ilfe as follows..
Asset class
Property
Equlpment
Biomass boilor
Depreclation method and rate
1% straight line
25% reducing balance
20% slraight line
Stock
Stock Is valued at the lower of Cost and estimated selling price loss costs lo ¢omplele and sell, after
due regard for obsolet8 and stow moving stocks. Cost is detemiined using the first-in, ffirstnout {FIFO>.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highty
liquid investments that ar8 readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Page 8

Georgeham Old Rectory Trust
Notes to the Financial Ststements for tha Year Ended 31 December 2023
(continued)
Fund structure
Unrestricted income fvnds are general funds Ihat are avallable for use at the trustee dlscretion in
furthorance of the objectives of the charity.
Reslricled income fvnds are those donated for use In a particular area or for sp8crfic purpjses, the
use of which is restricted to that area or purpose.
Penslons and other post retlrement obligatlons
Th8 charity operates a defined contribution penslon scheme which ig a penslon plan under thich
fixed Cont￿bUtIOnS are paid into a pension fijnd and the charity has no legal or constructive obllgalion
to pay further conlributions even rf the fund does not hold sufficient assèts to pay all employees the
benefits relating to emplo￿ Servi￿ In Ihe current and prior perfods.
ContribLrtlons to defined contribution plan$ are recognised in the Statement of Finandal ActiV￿8S
when they are due. If contribution payments exceed the contribution due for servi￿, the excess is
recognised as a prepayment.
2 Income from donations and legacles
Unrestricted
funds
General
Total
2023
Donations and legacies.
Donatlons from individuals
Gift aid reclaimed
Grants, including capitsl grants..
Govemment grants
24,949
9,167
24.949
9,167
150
150
34,266
34,266
Unrestrlctèd
funds
Gèneral
Total
2022
Donations and18gacles',
Donations from individuals
Gift aid reclalmed
Grants. including capital grants.,
GovemmÈnt grants
26,187
9,535
26,187
9,535
2.667
2.667
38.389
38,389
Page 9

Goorgoham Old Rectory Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
(contlnued)
3 In¢om• from ¢hvit¥bl? actiVTtie$
Unrastrict•d
fund$
Gonoral
Total
2023
Catered income
Non-catered Income
Activities: Archery
Activities: Bikes
ACtI￿tIes. Canoelng
Actlvlties: Clirnbing
Actlvltles: Coasteerlng
Activities- Field study
Actlvlties: NGOT
Activities- Ringo
Actlvlties: Surftng
Deposits forfeited
109,076
75.723
14,666
5,701
17,620
15,975
2,897
11,494
6,024
6,059
27.233
917
109,076
75.723
14,666
5,701
17,620
15,975
2,897
11,494
6,024
6,059
27,233
917
293,385
293.385
Unrnstri¢t
funds
Gan•ral
Total
2022
Caterad Incoma
Non-catergd income
Activlties: Archery
Activibes: Bike$
Actwibes: Canoeing
Actlvlues: Cllmblng
Activlties: Coasteerfng
Activities: Field study
Activities: NGOT
Actlvlles: F￿ng0
Activities: Surfing
93.085
67,692
12,903
3,359
15,412
16,196
5,182
12.078
93,085
67,692
12,903
3,359
15,412
16,196
5,182
12.078
4,565
6,366
23,033
259.871
23,033
259,871
Page 10

Georgeham Old Rectory Trust
Notes to the Financlal Statements ft>r the Year Ended 31 Decembor 2023
(continued)
4 Incomè from other trading a¢livltles
Unrestrlcted
funds
Gengral
Total
2023
Trading Income.
Sales of goods and servlces
4.272
4,272
4,272
4,272
Unrestrfcted
funds
Genéral
Total
2022
Trading income.,
Sales of goc#Js and servlc88
2,502
2.502
2,502
5 Inveslmont Income
Unrestrlded
funds
General
Total
2023
Interest rece￿ble and slmllar income.,
Interest rec8lvable on bank depostts
765
765
765
765
Unrestrictsd
funds
General
Total
2022
Interest receivabl8 and simllar Income..
Interest recelvable on bank deposits
97
97
97
97
Pa90 11

Georgeham Old Rectory Trust
Notes to the Flnancial Statamonts for tha Year Endod 31 Docambor 2023
(contlnued)
6 Other Income
Unrestrlcted
funds
General
Total
2023
RHI Blomass Income
Other inGome
Gains on sale oftangible fixed assets for charltys own use
6,440
1,858
204
8.502
8.502
Unrestrlcted
funds
General
Total
2022
RHI Blomass Income
other income
Galns on sale of tanglble fixed assets for charity's own use
6,254
1,189
449
6,254
1,189
449
7,892
7,892
7 Expendlture on ralslng lunds
a) Costs of tradlng actlvltle8
Unrestricted
fund8
General
Total
2023
Costs of goods sold
3.147
3.147
3,147
3,147
Unrestrictsd
funds
General
T¢)tal
2022
Costs of goods sold
2.316
2.316
2,316
2.316
Page 12

Georgeham Old Rectory Trust
Notes to the Financial Statements for the Yèar Ended 31 December 2023
(contlnued)
8 Expenditure on charltable activitios
Unrèstrlcted
funds
General
Restrlcted
fund5
Total
2023
Note
Christian Outdoor Centre
309.344
1,754
311.098
Unrestrlctod
funds
General
Restricted
funds
Total
2022
Note
Christian Outdoor Centre
259,381
1,754
261,135
9 Net Incomlngloutgolng resourcas
Net Incoming resources for the year indude:
2023
2022
Profit on disFK)sal of tangible r￿ed assets
Depreciation of fixed assets
(449)
14,593
17,869
10 Trustee remuneration and oxpenses
No Iru$tee. nor any persons conn8cted wlth them, have rec8iv8d ary remuneratlon from the charity
during the year.
No trustees have received any relmbursed expenses from the charity during tha year.
Page 13

Georgeham Old Roctory Trust
Notas to the Flnancial Statements for the Year Endod 31 Docember 2023
(contlnued)
11 staff costs
The aggregate payroll costs were as follows:
2023
2022
Staff costs durfng the year were:
Wag8s and salaries
Social security cosls
Penslon costs
171,573
7,263
8,819
187.655
127,466
3,520
7,833
138,819
The monthly average number of persons (induding senior management I leadershlp team) employed
by the charfty durlng the year was as follows..
2023
No
2022
No
Employ8es
No employee received emoluments of more than £60,000 durlng the year
12 Independent examlnetrs remunerntlon
2023
2022
Independent examlnatlon fees
1,400
1.300
13 Taxetlon
The charity is a reglstered charty and is th&refor8 exempt from taxation.
Page 14

Georgeham Old Rectory Trust
Notes to the Financlal Statements for the Year Ended 31 Decgmber 2023
(continued)
14 T4nglble fixed assets
Furnlture
and
equlpment
Land and
bulldlngs
Totsl
At 1 January 2023
Additions
Dlsposals
At 31 December 2023
500.757
338,052
22,684
{750)
838,809
22,684
{750)
500,757
359,986
860,743
DepreGlatlon
At 1 January 2023
Charge for the year
Eliminated on dlsposals
82.609
5,008
309,329
12,861
1650}
391,938
17,869
1650
At 31 December 2023
87,617
321,540
409.157
Net book value
At 31 December 2023
413,140
451,586
At 31 December 2022
418,148
28.723
446,871
13 StoGk
2023
2022
Stocks
3,750
2,500
16 Debtors
2023
2022
Trade d8btors
Prepayments
Other debtors
11.080
4,378
5.084
8,143
4.031
20,542
17,018
17 Cash and cash equivalents
2023
2022
Cash at bank
391.470
363,676
Page 15

Georgeham Old Rectory Trust
Notos to the Flnancial Statsments for the Year Ended 31 December 2023
(continued)
18 Crgdit()rs: amounts falling due withln ono year
2023
2022
Trade creditors
Other t8xation and 80cl81 se(#J
other Creditors
Accruals
Deferred Income
4,215
10,669
2,173
2.122
25.041
4,019
6,214
1.737
1.976
19,936
44,220
33,882
19 Penslon and other schemes
Dellned contrfbutlon ponslon schem?
The tharlty op8rates a defined conffibutlon penslon scheme. The pension cost charge for the year
represents contributions payable by the charlty to the scheme and amounted lo £8,819 12022
£7,833).
20 Fund8
Balance al 1
January
2023
Balance at
Resources 31 December
expended
2023
Incomlng
re80urces
Unrestrlct•d funds
General
General FurKIs
661,651
341,190
{312,491)
690.350
Restrlctsd funds
Coach House Bulldlng Fund
134,532
{1,7541
132,778
Total lund$
796.183
341,190
1314,2451
823.128
Page 16

Georgaham Old Rectory Trust
Notes to tha Financial Statements for the Year Ended 31 December 2023
(continuèd)
Balance at I
January
2022
Balance at
Resources 31 December
expended
2022
Incoming
resources
Unrestricted funds
Gan•ral
General Funds
614.597
308,751
(261,697}
661,651
Restrlcted funds
Coach House Bulldlng Fund
136,286
(1.7541
134,532
Total funds
750,883
308,751
263,4511
796.183
The spe¢Mc purposes forwhlch the ￿ndS are to be applied are as follows:
The Coach House Building Fund shows fvnds recelved in response to an appeal that enabled the
constructlon of th8 Coach House building
21 Analysls of net assots bètween funds
T*)tsl fundG
at31
December
2023
Unrestrlcted
funds
General
Restrfctod
funds
Tangible fixed assets
Current assets
Current liabllldes
318,808
415,762
44.220
132,778
451,586
415,762
144.2201
823.128
Total net assets
690,350
132,778
Totsl funds
at31
December
2022
Unrestrlctsd
funds
Genèral
RestriGtsd
funds
Tangible fixed assets
Current assets
Current liabilibes
312,339
383,194
33,882
134,532
446.871
383,194
33.882
Total net assets
661,651
134,532
796,183
22 Related party transactlons
There were no related party trans8¢Xions in the year {2022: none).
Page 17