Charity no. 280238 Society of St Francis Central Fund Report and Financial Statements 31 March 2025 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Reference and administrative details For the year ended 31 March 2025 Charity number 280238 Registered office CIO USPG 5 Trinity Street Londo SEI IDB Trustees The Trustee5 are appointed bythe Trustees at a meeting of the Trustees. Those who have served during the year and since the year end are shown below=_ Mr Leslie Johnson (Chair until 10 June 20241 Ms Jane Gillbe (Chairfrom IOJune 20241 Mr Michael Hart The Rt Reverend Robert LeRoy Fitzpatrick The Rt Reverend Christopher Chessun The Rev'd Pat Mossop Mr Kenneth Norian (appointed on 16 June 20251 Bankers Lloyds Bank PIC PO Box l(J)O Andover BXI ILT Independent Examiner KnoxCropperLLP Chartered accountants and statutory auditors 65 Leadenhall Street London EC3A 2AD Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Report of the trustees For the year ended 31 March 2025 Reference and administrative information set out on page I forms part of thi5 rewrt. The financial statements have been prepared on the accounting policies set out in note I to the financial statements and comply with the charity's trust deed. applicable law. and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities leffective January 20191. GOVERNANCE ANDSTRUCTURE The Society of St Franci5 Central Fund is a charitable trust which was established under a trust deed dated 31 March 1980, uèted by a supplemental deed dated 16 June 2025. Its registered charity number is 280238. The trustees meet at least twice a year to agree on the broad strategy and areas of 3Ctivity for the Central Fund and review reports. The trustees consider investment, reserves and risk management policies and performance. The day to day operation of the Fund is delegated to the Secretary to the Trustees. The Board keeps the skill requirements for the Trustee Body under review. In the event that a trustee permanently retires or additional new trustees are required. the Board considers potetbtial new trustees. Existing trustees are encouraged to put forward nominee5. The induction process for any newly-aptK)inted trustee comprises an initial meeting with the Board. New Trustees are briefed on the powers and responsibilities of the trustee board. They are given a brief history of the Society, previous years, account5 eto OBJEcfivES AND ACTIVITIES (including Grant Making Policy) The objerts of the charity, as set out in itsTrust Deed are:. "To or towards such charitable purposes at such time or times and in such manner a5 the Trustees may in their ab501ute discretion think fit and in particular, but without prejudi, to the generality of the foregoing to further the charitable work of the Society of St Franci&" The Fund now operates in three distinctways. First by the General Fund which defrays the costs of the central administration of the Society of St Francis, including the expenses of the Ministers General and General Secretaries of the First Order, and the triennial Ministers. Meeting. The income from the holdings in the CBF Investment Fund and Fixed Interest Fund are used for this purpose. The second purpose of the Central Fund is met by the Development Fund. Each year the Trustees, acting on the advice of the Ministers, make grants to support the work of the Society of St Francis throughout the world and also the triennial Chapters of the First Order. The level of grants is determined by the income into the Development Fund, which largely comes from the provinces of the Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Report of the trustees For the year ended 31 March 2025 Societyof St Francis around the world and anysurplus from the General Fund. The third purpose concerns funds transferred from the Brothers of the First Order. European Province from legacies received. These were received without restriction5 but have been designated by the Trustees for the use and benefit of the Society of St Francis European Province for the repair, upkeep and maintenance of its fixed assets. the cost of any major capital works throughout the world, responding appropriately to major world disasters. meeting the costs of brothers and sisters in other provinces through the Development Fund and particularly, in view of the age profile of the Society, to provide the long term support of elderly First Order brothers and sisters. The Fund also maintains the Peter Searle Memorial Fund for ecumenical work and both current and investment accounts for EK)th Papua New Guinea and Solomon Islands for the long term benefit of the brothers of those Provinces. ACHIEVEMENTSAND PERFORMANCE This year the Ministers recommended tothe Trustees grants totalling £134.032 payable from all funds. During the year £8,694 grant was also written back from the Development fund. With further grants approved from other designated and restricted funds. the total grants payable in the year was £125,058. The details of the grants paid during this year are set out in the notes to the Accounts. The level of grants is determined by the income into the Fund. which come from autonomous provinces around the world. FINANCIAL REVIEW For the year ended 31 March 2025 incoming resources were £155k 12024- £170kl and resources expended were £156k 12024- £76kl, resulting in a deficit for the year of £lk12024.. surplus £94kl. During the year loss on investment revaluation was £125k12024.' gain £235kl. Total funds at 31 March 2025 were £3,124k 12024.. £3,250kl, of which £170k is held in restricted funds with £1,577k in unrestricted reserves and £1,377k as designated reseryes. Going Concern Statement The Trustees consider that the charity is likely to continue as a going concern for a period of at least 12 months from the date of which the financial ststements are approved for the following reasons- SSF holds unrestricted reserves of £1.577k. SSF holds designated reserves of £1.377k ringfenced SSF ha5 a cash balance of £32k (As at 31 March 20251 The Trustees therefore consider it appropriate to adopt the going concern basis for the preparation of the accounts as detailed in note Ib to the financial statements. Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Report of the trustees For the year ended 31 March 2025 Investment powers, performance and policy Under the Trust deed dated 31 March 1986. the Trustees have full and unrestricted powers of investment in respect of all the funds they hold. They have split the fund between the CBF Investment, Fixed Interest and Property Funds which enables them with the avoidance of undue risk to enhance the capital of the funds and provide an income commensurate with the needs of the Fund. The performance of the CBF Investment Fund was slightly below the benchmark against which it is measured, but both the Fixed Interest and Property Funds outperfonned their Reserves policy The Fund currently holds unrestrirted reserves of £2,954k of which £1,377k represents the Designated Funds. The free reserves of £1,577k are invested to produce sufficient income to defray the day to day costs of the Society and help finance the ongoing payments of grants through the Development Fund. The policy of the Fund is therefore to= spend the income arising in each year on grants to support the work of the Society of Saint Francis and day to day running costs of the Society. maintain the value of the invested capital to ensure the Society can continue to fulfil its objectives in the future. The reserves policy of the Fund is reviewed on a regular basis by the Trustees. PUBLIC BENEFIT STATEMENT The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit and publication by Charity Commission'charities and Public Benefit" The Society's charitable wlicy is set out under Objertives 3nd Artivities. Benefits are in the form of grants and approximately 90% of the society's annual expenditure relates to grant payments. These grants are largely made to the provinces of the Society of St Francis throughout the world and associated institutions for the development of their communities and those whom they serve. PLANS FOR FUTURE PERIODS The Fund's objectives and activitie5 for next year and future years will be similar to this year. The level of grants to be approved and paid will again be guided by the income of the Fund. Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Report of the trustees For the year ended 31 March 2025 STATEMENT OF RESPONSIBILITIES OF THETRUSTEES The trustees are resrM)nsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charity and the incoming resources and application of reurces. including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to- Q select suitable accounting policies and then apply them consistently., Q observe the methods and principles in the Charities SORP.. Q makejudgements and accounting estimates that are reasonable and prudent- state whether applicable accounting 5tandard5 and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statement5', and Q prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitywill continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial sItIon of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. Independent examiner Knox Cropper LLP were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity. Approved by the trustees on 20 October 2025 and signed on their half by Jane Gillbe- Trustee and Chair Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Independent Examiner's report to the trustees of Society of St Francis Central Fund Independent examiner's rewrt to the trustees of Society of St Francis Central Fund I report to the charity trustees on my examination of the accounts of Society of St Francis Central Fund for the year ended 31 March 2025, which comprise the Statement of Financial Activitie5. the Balance Sheet and the related notes. This report is made to the Trustees as a body in accordance with the terms of myengagement. My work has been undertaken so that I might carry out an Independent Examination of the financial statements in accordance with the General Directions given by the Charity Commissioners. To the fullest extend permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body for my work or for this report. Responsibilities 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 20111.the Act'l. The Charity's Trustees consider that an audit is not required for thi5 year lunder Section 144121 of the Charities Act 20111 and that an Independent Examination is required. I report in respect of my examination of the Fund'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 14515llbl of the Act Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Fund as required by Section 130 of the Act- or the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requirements concerning the form and content 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Richard Billinghurst Knoxcropper LLP Chartered Accountants 65 Le3denhall Street London EC3A 2AD 11 November 2025 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Statement of financial activities For the year ended 31 March 2025 Unrestricted Unrestricted Funds- Funds- General Designated Restricted Total Funds Total Funds Funds 2025 2024 Notes Incomefrom: Donations Investments income 47,391 43,970 47,391 107,712 65,921 103,646 58.863 4,879 Totsl Income 58.863 91.361 4.879 155.103 169.567 Expenditure on= Charitable activities 30,376 114.140 11.1 155,616 76.191 Total Expenditure 30,376 114,140 11,1 155,616 76,191 GainllLossl on investment 162.5911 154.4371 17.8431 1124,8711 235.157 Net Income/lexpenditurel 134.1041 1772161 114.0641 1125.3841 328.533 Transfer between funds 128.4961 28.496 Net Movement in funds 162.6(K)I 148.7201 114.0641 1125,3841 328,533 Reconciliation of fvnds= Funds brought forward 1,639,730 1.425.972 183.975 3,249,677 2.921.144 Funds carried foNard 1,577,130 1.377,252 169,911 3,124,293 3,249,677 All of the above results are derived from continuing activities.There were no other recognised gains or losses other than those stated atove. Movements in funds are disclosed in Note 9 to the accounts Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Statement of financial activities For the year ended 31 March 2025 Unrestricted Unrestricted Funds- Funds- General Designated PrioryearSOFA Comparison Restricted Total Funds Total Funds Funds 2024 2023 Incomefrom: Donations Investments income 65,921 40.699 65,921 103,646 42.895 96,096 58,111 4.836 Total Income 58.111 106.620 4.836 169.567 138.991 Expenditure on= Charitable 3Ctivities 35.6 39,874 1,311 76,191 100.939 Totsl Expenditure 35,CK 39.874 1,311 76,191 100,939 Gain/lLossl on investment 105.875 114.178 15,104 235,157 1146.4531 Net Incomellexpenditurel 128.980 180.924 18.629 328.533 1108,4011 Transfer between fvnds 123,1041 23,104 Net Movement in fvnds 105,876 204,028 18,629 328,533 1108,4011 Reconciliation of funds= Funds brought ft>rward 1.533.854 1,221,945 165,345 2,921,144 3,029,545 Funds carried forward 1.639.730 1.425.973 183.974 3.249.677 2,921.144 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Balance sheet As at 31 March 2025 2025 2024 Notes INVESTMENTS Investment Fund Property Fund Global Equity Fund Deposlt Fund 2458.274 303,729 237,569 307,317 2,568,910 304,029 251,504 339,662 Total investments 3.306.888 3,464,105 CURRENT ASSErs Debtors Cash at bank and in hand: 32,438 15,260 Total current assets 32.538 15,260 CREDITORS.. amounts falling duewithin one year 1215,1331 1229,6881 NETCURRENT ASSErs 1182,5951 1214.4281 NET ASSETSTOTALS 3.124.293 3,249,677 THE FUNDSOFTHECHARITY Restricted fund5 169.911 183,975 Unrestricted funds General Fund Designated Fund 1,577,130 L377.252 1,639,730 1,425,972 TOTAL CHARITY FUNDS 3.124.293 3.249.677 Approved by the trustees on 20 October 2025 and signed on their thalf by., Jane Gillbe- Trustee and Chair Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 l. Accounting policies al Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unles5 Otherwise Stated in the relevant accounting policy notes. The charity has taken advantage of the FRS 102 reduced disclosure exemptions in preparing these financial statements and a Statement of Cash Flow has not been prepared. bl Going concern basis of accounting The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern. cl Donation and investment Income Donations are included in the accounts when received or when the kniety becomes legally entitled to them. Investment income is included in the account when due. dl Expenditure Charitable expenditure comprisesthose costs incurred bythe charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be direttly allocated to such activities together with an allocation of supwrt costs. Grants are included in the accountswhen approved by theTrustees and notified to the beneficiaries. Governance costs comprise expenditure on trust administration. management and compliance with constitutional and statutory requirements. el Funds accounting Unrestricted funds are available to spend on artivities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. 10 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 f) Financial instruments Investments Investments are stated at fair value. Gains or losses on investments are disclosed in the Statement of Financial Artivities showing separately realized gains from investment sales in the year1$3le proceeds less market valve last yearl and unrealised gains arising from the increase in value during the year of investments still held. Cosh and cash equivalents Cash and cash equivalents include cash in hand. deposits held at banks. other short-term highly liquid investments with original maturities of three months or le and bank overdrafts. Bank overdrafts. when applicable, are shown within current liabilities. Debtors and creditors Debtors and creditors are measured at the transaction price less any provision for impairment. Any losses arising from impairment are recognised as expenditure. g) Peter Searle Fund The purpose of this Fund is to assist First Order members with the costs of travelling and other costs for participation in ecumenical ventures.The capital of thefund can also be used for this purpose with the permission of the First Order Ministers. Unrestricte Unrestricted d Funds- Funds- General Designated Total Funds 2025 Total Funds 2024 Restricted Funds 2 Total Income Donations 47.391 43.970 47,391 65,921 4.879 107,712 103,646 Investment Income 58,863 Total Income 58.863 91.361 4,879 155,103 169,567 2024 analy515 5&111 106.620 4.836 169,567 11 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 3 Total expenditure Governan ce costs 2025 Total 2024 Totsl Mission costs Grants payable less written back Supportcosts Ministers, and First Order Chapters, meeting 125.058 125,058 40,471 43 Minister General SSF & CSF expen 21.457 21,457 24,521 Office cost Governance costs Independent Examinersfee 4.754 4,754 7,257 4,347 4,347 3,900 Total expenditure 151.269 4,347 155.615 76,191 2024 analysis 72.292 76,191 Expenditure analysis by funds Unrestrict Unrestricted ed Funds- Funds- General Designated Total Funds 2025 Total Funds 2024 Restricted Funds Grants payable Supportcosts Ministers. and First Order Chapters. meeting Minister General SSF & CSF expenses Office costs Governance costs Independent Examinersfee 113.993 11.065 125,058 40,471 43 2L457 4.572 21.457 24,521 4,754 7,256 147 35 4.347 4,347 3,900 Total expenditure 30.376 114.140 11,IW 155,616 76,191 2024 analysis 35,)6 39,874 1,311 76,191 12 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 4 INVESTMENTS 2025 2024 Market value at l April 2024 Acquisitions Sales Proceeds Ilossl/Gain on revaluation 3.124.443 2,889,287 1124,8711 235,156 Market value at 31 March 2025 2.999.572 3.124.443 Cash on deposit 307,317 339,662 3.306,888 3.464.105 The investments are held in common investmentfunds with the Central Board of Finance of the Church of England. The values of fixed units are calculated by reference to investment5 Quoted on a recogni5ed stock exchange. 2025 2025 Cost Market Value 2024 2024 Cost MarketV3lLJe Units Investment Fund 110.394 250,209 78.107 905,776 325,(JX) i(X),¢JX) 312,561 1.643,337 2.458.274 303.729 237,569 307,317 3.306.888 905,776 325.000 loo,000 312,561 1,643,337 2,568,910 304,029 251,504 339,662 3,464,105 Property Fund Global Equity Fund DeFK)Sit Fund 5 Debtors 2025 2024 Other creditors 100 100 13 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 6 Creditors: amountsfalling 2025 2024 Grants payable (note 6a) Accruals Creditors 206,575 194,575 4,347 6.615 4,213 28.498 215,135 229.688 6a Grant payable movement Atol Apr 2024 Approve Paid d during during the year the year Written back during the year Balance at 31 Mar 2025 Development Funds 1st Order ChapterAnnual provision Inter Provincial Travel Franciscans International Fl travel for SSF Board Member Papua NewGuinea Province PNG Province of the Solomon Islands Cameroon 12.0 8,OCK) 5.ow 15.(MX)I 2.0 11.3061 15,382 115,3821 19.91K) 119.9(X)I 8.ow 18.(Kl 70,282 149,5881 18,6941 12.000 18,OCK)I 16941 Subtotal Development funds 12,000 Pacific Islands Fund 194.575 194.575 Legacy Fund 53.965 153.9651 Peter Searle Fund 11.065 111.0651 194.575 135,312 1114.6181 18,6941 206.575 14 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 7 Staff costs and numbers The charity does not employ any staff members. No employee received remuneration amounting to more than £60,( in eitheryear. The key management personnel of the charity comprise the Trustees. The total employee benefits of the key management personnel were £nil12024= £nill. 8 Trustees remunerations No trustee received any remuneration from the charity during the year12025.. Nill. No trustee received a reimbursement of expenses £ Nil12024=Nill. 9 Statement of funds Balance at OIApr 2024 Income Transfer Balan Gain/ betwee at31 Mar (Losse51 n funds 2025 Expenditu re 2025 analysis UNRESTRICTED FUND General funds 1.639.730 58.863 130,3761 162,5911128,4961 1,577,130 Designated fvnds Development Fund Legacies Fund Papua New Guinea Fund Solomon Islands Fund 434.LNXI 661.352 178.121 152,499 1.425.972 47.391 {53.3061 28,496 456,581 34,365 {54,0971 138,2231 603,397 5,922 13.6171 18,1151 172,311 3.683 13.1201 18,0991 144,963 91.361 1114.1401 154.4371 28,496 1,377,252 Total Unrestricted funds 3,065,702 150,224 1144,5161 1117,0281 2,954,382 RESTRICTED FUND Peter Searle 183.975 4.879 111.1001 17.8431 169.911 Total of funds 3,249,677 155,103 1155,6161 1124,8711 3,124,293 Acting on the advice of the SSF Ministers Meeting who meet normally Iwice per annum, grants are made to support the work of the Society of St Franci5 throughoutthe world. 15 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 These funds were received without restrictions but the capital and the income earned have been designated by the Trustees for the use and benefits of the Society of St Francis European Province for the repair, upkeep and rnaintenance of its fixed assets. the cost of any major capital works throughout the world, responding appropriately to majorworld disasters. meeting the costs of brother5 and sisters in other provinces through the Development Fund and particularly, in view of the age profile of the Society, to provide the long term support of elderly First Order brothers and sisters. These funds are for the running of both Provinces. The income from the invested capital 15 to be split between the provinces, paid annually and directly to the two provinces at the request of the Minister General SSF. Transfer Balance at Gain/ between 31 Mar (Losses) funds 2024 Balance at 01 Apr 2023 Expenditur Prioryear 2024 analysis Income UNRESTRICTED FUND General funds 1,533,854 58.111 135,(X)61 105,875 123.1041 1,639.730 Designated funds Developmenl Fund Legacies Fund Papua New Guinea Fund Solomon Islands Fund 355.148 579.197 287.6LK) 48.921 6.827 23,104 434,CKJO 47.960 137,3411 71,536 661,352 6.188 16.2261 23.868 1133,3091 178.121 3,551 (3.1351 18,774 133,309 152,499 1.221.945 106.620 139,8751 114.178 23,104 1,425,972 Total Unrestricted funds 2,755,799 164,731 174,8811 220,053 3,065,702 RESTRICTED FUND Peter Searle 165.345 4.836 11.3101 15.104 183,975 Totsl of funds 2,921,144 169,567 176,1911 235,157 3,249,677 16 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4
Society of St Francis Central Fund Notes to the financial statements For the year ended 31 March 2025 10 Analysisof net assets between funds Unrestricted Unrestricted Funds- Funds- General Designated Restrirted Total Funds Funds 2025 Investments 1.719,954 36,895 1179.7191 1.412.666 174,268 14,3571 3,306,888 32,538 1215,1331 Current assets Current liabilities 135,4141 Net assets at 31 March 2025 1.577.130 1.377.252 169,911 3.124,293 Unrestricted Unrestricted Funds- Funds- General Designated Restricted Total Funds Funds 2024 Investments 1.798,860 13.396 1172,5261 1.483.134 182,111 1,864 3,464,105 15,260 1229,6881 Current assets Current liabilities 157.1621 Net assets at 31 March 2024 1,639,730 1,425.972 183,975 3,249,677 11 Taxation The charity is exempt from COr)rAtion tax as all its income is charitable and is applied for charitable purposes. 12. Related party transartions There were no related partytransactions during the current or prior reporting period. 17 Doc ID.. 76bad3dofe308fOa4bc598ef5699172aOe5842e4