CHARfTh REGISTRATION NUMBER: 290786 British Cactus and Succulent Society Unaudited Financial Statements 30 September 2024 LErr HULANC NT Chartered Certified Accountants 40 Kimbotton Road Bedford MK40 2NR
British Cactus and Succulent Society Financial Statements Year ended 30 September 2024 Page Trustees, annL1 report Independent examinerfs report to the trustees statement of financial activities Statement of financial position Notes to the financial statemenls
British Cactus and Succulent Society Trustees. Annual Report Year ondod 30 September 2024 The trustees present their reF4Xt 8nd tho unaudrt•d financ4al statements ot the charity for the year ended 30 September 2024. R•f¢r•nc• and admlnistrntlve d•talls Registered charity namo British Cactus and Succulent Soc Charity reglstratlon number 290786 Principal Boot Farrn watch Lane LrtY8 Kingshill Gt Missenden HP16 ODR Th• tru8t• R Chwthr R James Dr G Bulmer E Maddoeks P Doyle P &'nt E Bair l D Armstr9 [Rgnd 10 4oril 20241 (Rewgned 27 April 20241 {Appointed 27 Awll 20241 Indop¢nd?nt ?xamln•r Mark Bottom* ACA 40 Kimbolton Road Bedford MK40 2NR Struetum. gov•rnane• and management The Society is an unincorporated assc¢otKJn gOVerd by a deed dated knuary 3rd 1985. as amonded Aprll 11th 2015. The are corpjrate Ite@S. The SoCty Is managed by a Board of Twstees (BOT} ¢onsistsng of six ethted members, one member nominated by the shows committee and nine member5 appointed by the trustees to cary the following jobs: Traasurer, Membership Se¢tary, Journal Editor. Bradleya Editor, Journal Advertising Officer, Journal Production Officer. Marketing Officei. PuiCatIOnS Officer and Website and Forum Administffttor. The elected members are: Chairman. Viee-chairman, Secretary and memtrers without portfolio. The BOT carries out ils work through a series of meetings held througW the year and by a sy51em of electronic decision making via e-mail. The management of Ihe swety is carried out on an entirety yuntsry basis vAlh onty reasonatle expenses being refunded.
British Cactus and Succulent Soclety Trustees. Annual Reportfconlln&d) Year ended 30 Soptomr 2024 ObJoCtIv•s The objectives of the society are to advance the educatson of the public by tre strjdy, cultuie and propagation of cacti and other succulent pLqnts and to promote the conservats'on of such plants. In furtherance of these general obJ"ecb¥es. but not furlher or otheMse, the sctiety may.'- 1. gather and deminate partulars of culbvation and propagation. 2. hold meetings, shows, lectures. exhibrtvJns, visits to Colti$., exchange plants, seeds and sluty rnalèrials., publish jtsjrnals, books. manuals and ¢)ther materBls'. and such other activitses as may promote the objectives 3. raise funds and invite and reeeive eontributiofts any perscffi or rersons whatever by way of sub$¢ription$, publication of b(xJks, manuals and other materials and otherwise, provided that the society shall not undertake any pemianent trading activiti88 h raislng funds for its primary Gharitable objectives. Actlvltlos The Society offers a programme of meetlngs, shows and events. The BCSS nomalty holds a National Shtm a$ a ftagship event every four years. The Lgst N8tional Show was in 2022 and the 2026 show is curffjnly being planned. On August 1 Oth and 11th 2024, the hobj a plant fair. the first of its kind in our history, where amateur 8nd professional growers were invrted to set up trade stands where they sold Cacti and $ucculents to members and non members alike. Tv•D prominent $Feakers in the wodd of cacti and su¢¢ulents presented lalks on varying aspects of the hobby. The event took plar at Stoneleigh Park, Warwickshire. BCSS mnthly free online lalks Continue to attract a large wortde audien and are open to anyone Interested in our plants. In many cases these tslks on Zoom may be the onty Interactive means of people linking in with the Society, owiro to factors such as., distance from a branch, age, illness, or disabilty. The audience range5 from those yh lifelong expertise to those just starting out in the hobby and the subjects are varied wth this in mind. The talks are plannwj and coordinated to eonsist of a balance bets¥een cacti and succulents and range between.. Travelogues lo see plants in halmtat Presentations on specs Growing and propagation of plants, induding gr(Mng from seed Pests and diseases Conservation 'Ask the Experts, Igardener5' questbon ts'me style, a panel of experts) The speakers are recruited ¢Jn a voluntary basis from a wde range of disciplines and Iccations,. everyone from academics through to enthus$"¢ hobbw'sts. The aim is to find a balance of speakers from the UK and a wide range of counln"es", for example. Gemany, Belgium, lialy, Chile, USA, ALtslralia, and China etc In many cases. speakers would not be able to vlt BCSS Branch meetings or UK events. Most talks a slKle$ the speaker talkiryj through them. bul we have enjoyed live sessions from in the fld and a INe feed from a memws greenhwse. The BCSS talks achieve part of the educatsonal remrt of the sooety as they target anyone interested in Cacti and Succulents irrespectNe of whether they are members of the BCSS or not. The feedback that the team gets is also instrumental in providing inforynatK>ll and preferenc8s frfyr futurè talks. Ultimately the aim of the meetings is to build an online community that albws gr8aler access to learning and lets Fwple communicate and ieam atout shared inl8rests wh8rever they are in ts world.
British Cactus and Succulent Society Trustees. Annual Report (eondnuod) Year end 30 Soptember 2024 Relationships with the Royal Bolanic Gardens and the Royal Hortultural Society (RHS) continue to be strengthened and we are Working wth them to idenbfy research and conservatr'on projects where we May assist financially or through the expertise of our membership. We are also offering some of their students the opportunty to apply for travel bursaries to assist their studies. The monthly Enews newsr is gr(mng in content and readervthip, hawng proved vtsl for communications during the parKlemic. The Society websrte is seen as an essents'al means of communicatKJn and distributs.on of knothge in fvIU. Demand continued for Society publicat5 desprte continuing moves in the academic publishing world towards electronic publishing. It is re¢ognised that this wll become the vrdy forward in the future and the Society is CUn11Y trying to address the requirements. Ccwefation with the acad8mic acce5S organtsaIn JSTOR. and similar organisations, to make BRADLEYA availabl8 online are continuing. Five applicat$ to the Conservation & Research commrttees were approved dunng the year lotalling £12,776. Achl•vom•nt• and p•rform•nc• At September 30th the society had 2.912 memtfs lan increase ot 198 over 20231 of whom 311 (11%) were based overseas la deuease of S against 2023). Contsct continues to be mainlained similar %letS in many countries, most nolabty the USA, and South Africa. Thè Sockgty Joumal {CaclusWorld) was putyished to memt)ers in December, March, June and September. The more technical year book 8RADLEY& for the 2024 editK)n was published In May. Flnanclal r•vlew The year lo 30th September saw the S(xiety make a deficit on ordinary actNities of t13.489 which induded conservats'on and research grants made of £12.776. Revalualion of investments Shows surplus of £31,938 giving an overall surplus of £18.449 lor the year. Total financial assets al the year- end amounted to £478.908 of which £11,446 represented restncted fijnds primarily for conservation and research projects. The aim outsije these reSted funds is to hold th8 equivalent of tsvo years expenditure as a reserve. No fvnds are held on behalf of others. The trustees, annual report was approved on 8 February 2025 and slgned on behalf of the trd of trustees by.. R Chanller Trustee R James Trusts?
British Cactus and Succulent Society Independent Examinorfs Report to the Trustees of British Cactus and Succulent Society Year ended 30 Septombor 2024 I report to the trustees on my examination of the financial statements of British caCS and Succulent Society Ilhe charity) for the year ended 30 Septemtr 2024. Re¥pon$lblllt105 and bas1¥ of ryrt As the truslees of the charity you are responsible for the preparation of the financial Statements in 8ccordan¢e with the requirements of the Charilies Act 2011 (Ihe Attl. I report in respect of my examinabon of the chanty's ffinancl statements earried out under sectson 145 of the 2011 Act and in carying out my examination I have followed all the applicable Direc'ons given by the Charity Commission under section 145151{bl of Ihe Act. Indep•nd•nt •xamlnef• •tatsm•nt I have completed my examinalton. I confimi that no material matters have Come to my attents'on In connection with the exaMinat)n giving me cause to believe that in any matenal Spect.. aOUntIng recwd¥ were not kept in reSpt of the thanty as roquired by section 130 of the Act.. or tr* financlal statements do not accord wrth those records; or the financial statements do not compPy with the appluble requirements conc&ming the fomi and content of accounts set out in the Chanbes (Accounts and Reports) Regulations 2008 olher than any requ1Ment that the accounts gwe a 'true and fairf vthv whh is not a matter considered as part of an independent examinatwi. I have no con¢em$ and have come xross no other matters n conr. with the examination to which attent shouhJ be drawn in this report in order to enab a proper understanding of th& accounts to reached. Mark Ind ey ACA dent Examiner Kirnbolton Road ford MK4
British Cactus and Succulent Society ststomont of Financial Activities Year ended 30 September 2024 2024 Reslrthd funds Total funda Total funds 2023 Unrestricted funds Income and endowments Donations and legaues Other trading actNrties Investment irorne 5.255 109.1)54 12,401 126.710 1.498 6,753 109,054 12,985 6,699 109,584 11,614 Total Incom• 2.082 128,792 127,897 Expendlture Expenditure on raising funds". Costs of raising donations and Iwes Costs of othef trading activities Expendlture on charitale acb"vilies Total •xp•ndltur• 12.776 12,776 106,471 23,034 8,000 88,138 23,113 106,471 23,034 129,505 12,776 142,281 119,251 Net gains on Investments 30.502 1,436 31,938 4.365 Nat Income and nel movement In funds 27.707 (9,258) 18.449 13.011 Roconclllatlon of fundg Total fund5 brought fonNard Totsl funds earrl•d forwa 439,753 467.460 20,704 11,446 460.457 447.446 478,906 460,457 The statement of financial activits.es irldeS all gains d7055es rocognisad in the year. l income and expendilure defNe from continuing aGtivth'e$. Th• notu w pag•$ 7 to 14 forni part of these financial statements.
Brltish Cactus and Succulent Society Statement of Financial Position 30 September 2024 2024 2023 Fixed asstts Investments 12 362,445 330.507 Curront as¥ets Stocks Debtors Cash at bank and in hand 13 14 45,716 49,618 2,294 8,935 85,517 76,477 133.527 1 135,030 17,066 5,080 116,481 129,950 Creditorn.. amoun1• falllng du• wlthln one year Net ¢urrnnt ass•ts 15 Total a88•ts le•• curr•nt liabilrtio• 478,906 478.91k8 460,457 Not a88èts 4eo.457 Funds of th8 charlty Reslricled fijnds Unrestricted funds 11.446 467,460 478.906 20,704 439,753 Total charlty fund• 16 460,457 These financial ststements were approved by the board of trustees and 8uthorised for Issue on 8 February 2025. and arè soned on behalf of the tM)ard ty. R Chantkr Trustee R James Trustee T note¥ on p•y$ 7 to 14 fr*rni part of these financial statements.
British Cactus and Succulent Society Notss to the Financial Statements Year ended 30 September 2024 Gon•rnl Inlomiatlon The charty ts a publ benefft entity and a registered chanty in England and Wales and is unincorporated. The add$$ of the principal Offi is Suffolk House. 2 Oak Hill, Washingborough, LN4 18A, Llncs. Stat•ment of compllonc• These financial statements have been prepared in compliance FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stslement of Recommended Practice applicable to charitEs preparing their account¥ in a¢wd8nce with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Chanties SORP {FRS 10211 and the charItAct20ll. A¢¢ountlng pollclo• 8a818 of prnparnllon The financial statements have been prepar&J on the histovieal cost basis, as m¢)difled by the revaluatr'on of certain financ4 assets and liabilrtiès and investment prop8rties maasured al fail value through income or expenditure. The flnanclal statements are prepared In stsrtlng, vthich is the functional currency of the entity. Golng eon¢•m There are no material Uncertaint about the charitys alm'lty to conb'nue. Dl•elo•uM •x•mptlon• The enw satisfies the criteria of being a qualifying entity as defined in FRS 102. Its finan¢i81 statements are consolKlaled into the financial statements of {enter name of group financial statements) whictt can be oblained from {enter detail). As such. advantage has been taken of the lollowing dixlosure exempts.ons available under paragraph 1.12 of FRS 102.. la) No cash flow statement has been presented for the c£)mpany. Ib) Disclosures in respect of financ1 instruments have nol been presented. Judgements and koy sourcm ol ••tlrnallon unc•rtalnty The pparatn of the financial slalements requires rnanernent lo make judgements, estimates and assumptrons that affect the amounts reported. These estimates and jucjgements are continually reviewed and are based on experience and other factors, including expectatsons of future events that are believed lo be reasonable under the circumstsnces. Fund accountlng Unrestricted fund$ arn available for use at the discretion of the trustees to further any of the harity'5 purposes. Designated lunds are unrestricted funds ewmarked by Ihe trustees for particular future project or commitment. Restricted funds are subjected to restrith"tsn$ cjn thèir èxpenditure declared by the donor or through the terms of an appeal, and fall into one of su&cl8sses". restricted income funds or endowment fvnds.
British Cactus and Succulent Society Notes to the Financial Statements (coftrfnthid) Year ended 30 September 2024 Accounting policies (¢on*nwd) In¢omlng rosources All incoming resources are induded in the stalement of financial actNities when entitlement has passed lo the charity.. it is probable that the econ¢)mic tenefits associated with the transaction will flow to th8 charity and the amount can be reliaw measured. The followng specific policies are applied to partular Categor of incorn8'. incofne from donats.ons or grants is recognised when there is evidence of entitlement lo the gift. rec81Pt is Prable and ts amount can be measured reliably. legacy InMe is recognised when receipt is prabable and entitlement is establish income frcm donated goods is measured at the fair valuè of the goods unless this is impractical lo measure rellay. in which case the valu& is derNed from the cost to the donor or the estimated resale value. Donaled facilitEs and services are recognised in the accounts when received if the value can be relrabty measured. No amounts are included for the contrifjutyon of general volunleers. income from contracts for the supply of services is recognised with the d81ivery of th8 conlracled service. This is GlaSSif as unrestricted fiJnds unK8ss there is a contractual requiremenl for il lo be spent on a paiticular purpose and returned if unspent. in which case rt may be regarded as restricted. Re•ourG8s exp8nd•d Expendrture is recognised on an CnjaIS basis as a l$a'11ty is incued. Expendllure include5 any VAT which cannot be fulty recovered. and is dassified urKler headings of the ststemenl of frnancial a¢tivili¢s to whh il rdates.. expenditure on rai$irKJ fiJThJs indud8s the costs of all fundraising actNitles. events. non- charitable trading xlivitses. and Ihe sale of (knated goods. exp8nditur• on charitable actNth'es includes all costs incurred by a charty in undertaking a¢tiviti&s that furthèr its charitable aims the benefit of rts beneficiaries, including those support costs and costs r•Lgb"ng to the govemance of the charity apportioned lo charbtable activities. other èxpenditure includes all exw)ditiJrè that i8 n@rth8r related io raising funds for the charity nor part of its expenditure on charitable activrties. All costs are allccated to expendrture cate.eS reflecling the of Ihe re¥our¢e. DI¢t ¢ts attributable to a single activity are alkxated directty to trat tiVIty. Shared cos15 are appvts'oned behveen the activities they contribute lo on a reaatsIe, juslifiable and Gon5iStent ba515. Inv•stm•nts Unlisted equty investments are inf(ialty recorded al cos( and subsequently measured al fair Value. If fair value cannot be reliabty measured, assets are measured at cost less impaimient. Listsé investments are measured at fair value with changes in fair value being reo)gnised in income or expenditu.
British Cactus and Succulent Society Notss to the Financlal Statements (c Year ended 30 S•pteMr 2024 A¢¢ountlng poll¢lo• {¢onthu•dJ Investments In a88oclales Investments in associates accounted for in ance wth the ¢t Thxlèl are recorded at cost less any accumulated impaimient losses. Investments in associates accounted ft>r in rdance with the fair value mcNJel are initially recorded at the transaction pe. Al each reporting date, the investments are measured at fair value, wrth changes in fair value taken through income or expenditure. Where il is impracticable to measure fair value reliabty the cost model will te adopbj. Dividends and other distributions receNed from the invesknenl a fecognised ag income without regard lo whether the distn'bulions are from accumulated profts of the associate arising before or after the date of ¥¢quisilion. Invmtsnonts In lolnt ventur•• Inveslmonls in jointty controlle(l entities axounted for in accordance wth the $t model aro recordod al cost less any a¢¢umulated impairment $88$. Investments in jointty controlled entibes accounted lor in a¢xordance wth the fair value model are inlts'alty recorded al the Iransaclion prtt. At each reporting date, thè investments a measured at fair value, with changes in fwr value taken through income or expenditure. Where it is impracticab to measure fair value reliabfy the cost mtyjel 4MII be adopted. Dividends and other disin'bulions receNed from the ¥8Stment are recognised a$ income without regard to whether the dislributs'ons are from a(%umulatsd proffts of the jolnt venture arising before or after the dale of acquisitson. Imp•lrnwnt of Ilxed au•ts A review for indicators of impaimenl is carried out al each reporting dale, wrf(h the fecoverable amounl being eslimaled where such indie4th exist. Where the carrying value exceeds th6 recoverable amount, th8 asset is impairéd accordingly. Prior impaiments are also reviewed for possible reversal at each reFLwiing date For the purposes of impairment testing, when rt is Dot possible to estimate the recoverable amount of an individual asset. an estsmate made of the reVerable amount of the ca$h- generating unrt to which the asset belongs. The cash-geneTabng unit is the smallesl identifiable group of assets that includes the asset and generates cash inllNs ihal largety independent of the cash inflows from other assets or groups of assets. For impairment lestin9 of goothyill. the good1 acquired in a business combination is, from the acquisition date, allocated tr) each of ts Cashenerating units that are expected to benefit from the synergies of the combinatr'on. irrespefft of whether other assets or liabilities of the charity are assigned to those units. Stock8 stocks are measured al the lower of Cost and estsmated selling price s5 costs to complete and sell. Cost includes 1 costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present loCatn arKI condikn'on.
British Cactus and Succulent Society Notes to the Financial Statements Yoar •nd•d 30 September 2024 Ac¢ountlng pollcie8 {cwthu•dJ Flnanclal Instruments A finarscial asset or a financBI liability is recognised onty when the charity becomes a party to the contractual provisions of the instrumenL 8a$ic financial instruments are inrtially recognised at the amount receivable or payable iluding any related transaction costs. Current assets and Current liabilities are subsequently measured at Ihe cash Of other consideration expecled to be paid or received and not discounted. Debt instruments are subsequenty measured at amortised cost wre investments in shares are publidy traded or their fair value can othemse be measured reliably, the investment 15 Subsequently measured at fair value wlh changes in fair value fecognised in income and expenditure. All other such inve$tm8nts are subsequenuy measured al cost less impairment. (Xhor finanual instruments. including denvakn'ves. are Inlfjalty recc4Jnised at fair valu8, unless payment for an asset is deferred beyond noal business tems or financed al a rate of interest that is not a market rate, in which case the asset is rneasured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Other financial instruments a subsequenty measured at fair valu8, With any changes recognised in the statement of firn¢la1 activths, with the excepts'on of hedging instruments in d8signated hedging rdatK•nship. Financial assets that are Measu at st or amortised cost are reviewed for objects've evidonce of impairment al the end of eath repfytjng date If there is obiecknve evidence of impairment, an impaimient loss is recognised under the approprbate he•Jing in the statement of financial acllvlties in which the initial gain was recogntsed. For all equity instruments regardles5 of significance, and other financial assets that are individually significant, these are assessed indNHJually for impaimient. (Wler financial assets are éither assessed individually or grouped on the basis of similar credit risk characleri$tics. Any reversals of impaiment are reccgnised Immedtety, to the extent that the reversal does not result in a carrying amount of the financKI asset that exceeds what the carrying amount would have en had the impairment not prevM)usty been recognised. Donatlon8 and l•gaelo8 Unrestriclad Funds R8strict6d Tolal Funds Funds 2024 Donatlons Donatyons and bequests Gift aid recovered 1,203 295 1,203 5,550 6,753 5,255 5.255 1,498 -10-
British Cactus and Succulent Society Notes lo the Financial Statements (contsnu•dJ Year ended 30 September 2024 Oonatlons and l•gacl•s {continu•dJ Unrestrthd Resth'cted Total Funds Funds Funds 2023 Donatlons Donations and bequests Grft aid recovered 2,733 683 2.733 3,966 6,699 3.283 3,283 3,416 other tradlng actlvlths Unrestrict&J Funds Restn'cted Tot•1 Funds Funds 2024 Subscriptions Conventions and shows Bcoks, publicatior)s and seed saks vertising and miscellaneous 52.705 7.754 48.355 240 52.705 7,754 48.355 240 109,054 109,054 Unrestricted Restn¢ted Totsl Funds Funtys Funds 2023 Subscriptions Conventions and shows Books, publications and seed sa Advertising and miscellaneotss 50.052 2,925 54.862 651 50,052 2,925 55,958 651 1,094 lo8,4Sl 1,094 109,584 Invo8tm•nt Incom• Unrestn'cted Funds Restricted Totsl Funds Funds 2024 Bank interesl receivable 12.401 12.985 UnwtriGted Funds Restsicted Total Funds Funds 2023 Bank interest re1Vable 10.998 616 11,614 Co8ts5 of other trading activilie8 Unrestrted Total Fund8 Unreslricled Total Funds Funds 2024 Funds 2023 Costs of other trading lt lQ6,471 106,471 88.138 88,138 11
Brltlsh Cactus and Succulent Society Notss to the Financial Statsments {conllnwdJ Year ended 30 September 2024 Expendftur• on charltabl• acllvltles by fund typ• Unrestrtted Total Fund8 Unrestricled Tolal Funds Funds 2024 Funds 2023 Support eosts 23.034 23,034 23,113 23,113 Nét gains on invo8tm0nts Unrestricted Funds Restncted Total Fund8 Funds 2024 Gainslllossesl on ltsted investments 30,502 1,436 31,938 Unrestrlcted Funds Restricted Tolal Funds Funds 2023 G8inslllossesl on listed investments 4,365 4.365 10. Indep•nd•nl •xamlnallon f•6• 2023 Fè8s payablè to thè indapèndent examiner for. Indep8rKlent examinats'on of the financial statements 1.150 1,200 11. TN8t•• r•mun•rntlon and •xp•n No remunerats.on or other benefts from empbyment wlh the charity or a lated entity were received by the trustees. bul expense5 we@ wmbursecl lotalling £544 12023 £1,350), £31 related to postage and £513 VAS in reLqb'on to other expenses. 12. Inveslfflenl• Lislod Invostrnents Co•t or valuatlon At 1 O¢tot*r 2023 Addrtions Fair value movements 330,507 31,938 362,44S At 30 Soplomb•r 2024 Impairment At 1 Octob•f 2023 •nd 30 S•pt•mb•r 2024 Carrying arnount At 30 S•pl•mb•r 2024 At 30 September 2023 362,445 330,507 All IrNeslments Sho ab)ve are ld al valuats. -12-
British Cactus and Succulent Society Notes to the Financial Statements I¢MiinwdJ Year ended 30 September 2024 12. Investments (¢M#nwd) Flnanclal assets held at falr value The fair value of investrr£nts ts their marf(el value as at the year end. 13. Stocks 2024 2023 Raw materials and consumables 45.716 49.618 14. Dobtor8 2024 2023 Pfepayments and alU•j income Olher debtors 2.294 6.343 2.592 2,294 8,935 15. Credltoré: wnounts falllng du• wlthln on• y•ar 2024 2023 Trade ¢1t$ Accruals and deferred income Social security and other taxe5 13,619 1,300 2,147 17,06S 3.780 1.300 5,080 16. An•ly•h of¢h•rltsblo lund• Unre•trl¢t•d funds At 1 Octobef 202 At Gains and 30 S•piomtse losses T 2024 Income Expendrture General funds 439.753 126,710 {129,5051 30.502 467.460 At 1 OCtor 202 Al Gains and30 Séptemb8r losses 2023 Ing)me Expendrtu General fvnds 423,868 122,771 (111,2511 4,365 439.753 -13-
Brltlsh Cactus and Succulent Society Nots$ to th• Financial Statements (CrlInd) Year ended 30 September 2024 16. Analy$i$ of charltlblo funds Restricted lunds Al Gains and 30 Septembfr losses r 2024 1 Cktober 202 Inccrfne Expend((ure Reslncted Fund 20,704 2.082 112,776) 1.436 11.446 At 1 October 202 At Gains and30 September losses 2023 Income Expendrture Restncted Fund 23,578 5.126 {8,Q)01 20,704 17. Analyal8 of nét asséts b•tw•8n funds Unrestricted Fund8 Restrfcled Total Fund• Fund$ 2024 Investments Current assets Cr&Jitor$ less than 1 year N•1 a880ts 362,445 122,081 {17 C661 467,460 362,445 133.527 117,lJ56) 478,906 11.446 11,446 Unrnslricted Funds Restricted Total Funds Funds 2023 Investments Current asse15 Credrtors less than 1 year Net 330,507 114,326 (5.080) 439.753 330,507 135,030 {5,080 460,457 20,704 20.704 -14-