TUCKERS HALL EXETER UMITED
ILirnited by Guarantee)
uNAuD￿ED FINANCIAL STATEMENTS
Y•ar Ended 31 March 2024
CHARrrY NUMBER 0291764
COMPANY NUMBER 01885692

TUCKERS HALL EXETER UMITED
YEAR ENDED 31 MARCH 2024
CONTENTS
Page
Legal and Administrative Information
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Staiements
9-15

TUCKERS HALL EXETEA UMrrED
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES
N Hole (appointed 12 September 20241
HR Parkin Ire$igngd 12 September 20241
IT Gardner
N Sprague
R Marsh
J Brook88
SECREfARY & CLERK
R Thomas Iregign8d 31 May 20241
R Whitson lappoint•d 31 May 20241
REGISTERED OFFICE
Tuckers Hall
140 For6 Street
Exeter
Devon
EX4 3AN
INDEPENDENT EXAMINER
C Dymond FCCA, ACA. CTA
Bush & Co Limited
2 Barnfield Crescont
Exeter
EXI 1aT
BANKERS
Lloyd$ Bank PIC
High Street
Exeler
soucrroRS
Mich81mores LLP
Woodwater House
nes Hill
Exeter
EX2 5WR

TUCKERS HALL EXFtER UMfTEO
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2024
GOVERNANCE
This report also serves as 8 directors. report as required by company law.
The Company was incorporated in England and Wales on 13 February 1985 and is limited bv
guarantee under Company number 1885692. It is a registered Charity under number 0291764 and
is governed by its Memorandum and Articles of Association.
The di¥e¢tors of ihe charitable company I'the Charity'l are its trustees for the purpose of Charity Law
and ihroughout ihis report are collectively referred to as ihe truslees. Truslees are appointed by the
members of the chariiable company attending the Annual General Meeting. Each year one third of
the trustees retire from office but are eligible for re-&le￿lOn. The number of trustees shall noi be
less than 5 nor more than 7.
The five Trusiees delegate decisions to an Executive Committee ol the Incorporation of Weavers
Fullers & Shearmen who are appointed annually. All administration functions are carried out by the
Clerk.
The Trustees are appointed from The Court of Assistants who consist of prominent local business
people who became Assistants by invitation and are provided with a full history of the Charity, its
objectives and management pr0￿dUreS.
PUBUC BENEFIT STATEMENT
The Truwees have revrewed the outcomes and achievements of our objectyves and activities for the
year. to ensure ihey remain focused on our charitable aims. and continue to dèliver benefits to the
publi¢. We have complied with the duty under the Charilies 2011 10 have due regard to public
benefit guidance published by ihe Commission.
0￿ErrS AND ACTIVThIES
The main objects of the Charity are-.
The maintenance and restoration of the medieval Hall known as Tuckers Hall of Exeter.
Betterment of ihe facilities at the Hall to encourage wider access and to extend the
educational role of the premises.
Maintain the historieal links and connections with the City of Exeter including attending Civic
Processions.
Tuckers Hall represents a rare surviving building that can be identified with a trade that was of huge
importance to Exeter and Devon.
Tuckers Hall was built between 1472 and 1479 as a ¢hapel for the Guild of woollen cloth workers in
Exeter. It is part of the story of the woollen cloth trade in Exeter, which made the city wealthy and
centre for inlernational trade from the 1430s until the of the 18th cenlury.
By 1700 Exeter was the third most important city outslde London. following Bristol and Norwieh
this importance based on the woollen cloth trade. The Chapel was built on a plot of land g￿Ven to the
Guild. which developed the neighbouring properties uphill and downhill. The building has a fine
wagon roof. li was converted into a hall for the Guild at the Reformation, to avoid its being
confiscated. Guild meetings were probably held in the chapel from the outset.

TLICKERS HALL EXEfER LIMITED
TRUSTEES, REPORT leontinuedl
YEAR ENDED 31 MARCH 2024
After the Refomation the building was divided into Iwo 5toreys and the upper room was used for
meetings of the Guild.
This use has conlinued ever since and the Guild. known as "The
In¢orporation of Weavers. Fullers and Shearmen" which survives in an adapted form. still uses the
building for meetings today. The records of the organisation suNive. carefully catalogued and
deposited in the Devon Record Office. They make significant contribution to the documentary
history of the city of Exeter. In the 17ih century the upper room was refurbished with high-quality
ornamental panelling. There was a school for the children of the Cloth-workers on the ground floor
from the late 171h century until 1841.
After the decline of the Exeier woollen cloth industry in the late 18th ceniury. membership of the
Guild broadened in lerms of occupation and the organisation became one that dispensed funds
from variou5 charities li administered. Many of the major figure5 in Exeter's hisiory held office in
the Guild. The building was the cause of major concern in Ihe 19th cenlury and the front wall was
rebuilt this was in Venetian Gothic style in 1875. In 1901 the upper room was thoroughly
refurbished. including re-exposing the chapel roof. which had been largely concealed by plaster. A
few years later a fine new staircase in a late 17th century style was installed. a good example of local
craftsmanship of the period.
In the latter half of the 20th century. looking after the building and its hi￿ory has been the main
preoccupation of the Guild. In 1968 the Guild commissioned Joyce Youings to write an academic
publication on the history of the Guild and the building. This useful study painted a detailed and
wide-ranging picture of the Guild and its members.
FINANCIAL REVIEW
Unrestricted income in total was £55.494 12023.. £40.8461 and ihis was used to cover the running
costs of the hall and administration costs of £44,17412023-. £43.6811 excluding depreciation of £9.905
12023.. £13,1041. Couplgd with gainslldeficitsl on investments of £12.36812023.'1£7,56611, nel income
for the year was £13.78312023'.1£23.50511.
Restricted incom8 of £3.052 was received during ihe year. £1.772 of the restricted funds were used
durbng the year. leaving £3,942 10 carry forward towards intem costs.
ACHIEVEMENTS AND PERFORMANCE
The renovation and development of Tuckers Hall has eontinued and its Interpretation Centre to
attract visitors from all over the world.
Recent works to the building include new railings to the front of the building, new internal glazed
doors and screens. and new display boards and cases for weapons and armoury displays. The
Cost of these works were partly funded by grants and the reseNes of the trust. The Hall has also
acquired a wedding licence and it Is hoped that this will provide addilional income for the irust in
future years.

TUCKERS HALL EXETER LIMITED
TRUSTEES. REPORT lcontinuedl
YEAR ENDED 31 MARCH 2024
Tuckers Hall Interpretation Centre Synopsi$
OBJECTIVES
To display the origins. history and d8velopment of the Incorporation of Weavers, Fullers and
Shearmen IIWFSI.
To explain the features of Tuckers Hall and its use as a chapel. meeting place and a
schoolroom.
To put in eontext the significance of the cloth trade and its impact on the prosperity of
Exeter.
To establish a learning centre for schools and educalional PTojects- for individual students
and ihe public.
The Interpretation Centre occupies the Entrance Hall ond Lower Hall and will achieve the objectives
An audiofvisual DVD presenlalion with subtitles and an induction loop,. with removable
th8atre Siyle seating.
Computer screens with tracker balls. inieraLtively displaying the history of the Hall. the
Incorporation and the cloth irade. with links to other. associated historic sites in Exeter and
the surrounding area.
Graphic boards illustrating the chronology of the Incorporation and the Hall.
Display cases with the OfFicers' Robes and associated artefacts.
Tuckers Hall is an historic listed building which dates back to 1471. The timber '8arrel' Roof is
original and a very special feature of the building.
The Charity's policy on reserves is to maintain a sufficient level of resources in order to maintain
Tuckers Hall and deal wilh unexpected expenditure on repairs and restoration that is often a feature
of such old buildings. and to increase those reserves if possible. We aim lo hold unrestricted
reseNes of approximately £100,000 to cover large one off repairs. Any excess reserves are invesled
to provide returns that will cover general repairs lo Tuckers Hall should future donations not be
sufficient. At the year end ioial reserves amounted to £434,941. Of this, £15,273 was held in tangible
fixed assets. £264.666 in heritage assets, and £3.942 in re￿riCted funds. This leaves £151.060 of free
reserves as at the year end12023= £147.8151.
As well as the financial risk referred to above. the TnJjor Tisk to which ihe Charity is exposed is fire
damage to the Hall. In order to reduce the risk the following preventative action has been taker¢'.
Fire alarm connected to monitoring centre and fire seNice.
Rewiring of part of electrical installation and regular testing of electrical system.
Installation of burglar alarm system connected to call centre.
Reviewing and increasing insurance cover.
Forming property sub-committee to svpervise all matter5 relating to the building. This sub-
committee is currently undertaking a full review of the condition of the building.

TLICKERS HALL EXEfER LIMrrED
TRUSTEES. REPORT Icontinuedl
YEAR ENDED 31 MARCH 2024
RELATED PAKnES
The Charity has common Trustees with weave￿ Fullers and Shearrnen Charities Limited. Both
charities were set up by the Incorporation of Tuckers Hall.
STATEMENT OF TRUSTEES RESPONS181UTIES
Company law requires the trustees to prepare financFal staiements for each financial year which
show a true and fair view of the state of affairs of the Charity and its financial activilies for that
pgriod. In preparing those financial ￿atementS. the trustees are required io-
select suitable accounting policies and then apply them consistently..
make judgements and estimates that are reasonable and prudent:
stale whether applicable accounting standards and siatements of recommended practice have
been followed subject to any departures disclosed and explained in the financial statements:
and
prepare the financial statements on the going concern basis unless it 15 inappropriate to
presume that the Charity will continue in operation 8XlStence.
The trustees a￿ responsible for keeping proper accounting records which diselose with reasonable
accuracy ai any time the financial position of the Charity and to enable them to ensure ihat the
financial statemenis comply with the Companies Act 2006 and the Charities 2011. The trustees
are also responsible for safeguarding the asseis of ihe Charity and hence for iaking reasonable steps
for prevention and detection of fraud and oiher irregularities.
STATUS OF REPORT
This report. which has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies. was approved by the Board on
2.8.110/ 20.2+.
and signed o
s behalf.
N Sprague IDirectorl
R Mavsh (Director)

INDEPENDENf EXAMINERS REPORT
TO THE TRUSTEES OF
TUCKEAS HALL EXETER UMITED
I report on the accounts of the Charity for the year eniled 37 March 2024, which 8re set out on pages
61011.
Respectlve Responsibilities of Tmstees #Trd Examinei
The trustees (who are also the directors of the ¢onipany for the purposes of company 18wl are
responsible for the preg8ration of the accounts li accordance with the requlrements of the
Companiès Aet 20061'the 2006 Act'l. Th6 chariiy's ITi Stees ctsnsid&r th81 an audit is not TequiTed for
this year under Section 144121 of the Charities A¢t 2011 (the 201 l Actl and that an independent
examinarion is needed.
Having satisfied myseli that the Charity is not subjecT to 8udil under Part 16 of ihe 2006 Act and is
eligihle lor an independerst examination li is my responsibililv to..
examine the accounts under seGtion 145 of thf. 2011 Act..
to follow the procedures 18id down in thB General Direaions given by the Charity
Commission under section 1451511bl of the 2011 Act.. and
to slate whether particular mait8r8 have come to my atteniion.
Basls of Independent Examlner's Ileport
My examination was carried out in accordance witTr. the General Directions giv8n by the Charity
Commission. An examination include8 8 review of the 8c¢ouniing Tocord6 kept by the charity and
comparison ol the accoltnts presented with thos8 r(Kords. IE also includes consideraiion of any
Unusual itèms or disclosures sn the accounts. 8nd the $8eking of explanatlons from you as trustees
con¢erning any such matters. Thè procedures undgrtaken do not provid8 all Ihe evidence th¥t
WOLII(I b8 required in an audit and. consequently. nc opinion is given as to ¥¥hether the accounts
pr&s&ni a 'irue and lair view" and the report 15 limi'.f>d to Ihose matters sei out in the 5¢8tpment
belnw.
Independent Ex8mln8r's Statern•
In connectton wilh my ex8min8tion. no matter has come to my attention..
which gives me reasonable cause io believe tbai. in any material respect. the requirements
to keep accounting r￿OrdS in 8ecordance with section 386 of the Companies Act
2006,. and
bl
to prepare accounts which accord wilh the accounting records. comply with the
accounting requirements of seciion 346 thè Companies Act and with methods and
principles of ihe Statement ol Recomr)ended Practice Accouniiny and Reporting bv
Charilie
have not been met or to whi¢h. in my opinion. attention should be drawn in order to enable
a proper undersianding of the accounts to be reached.
si /iolZOZItr
C Dymond FCCA, ACA CTA
Bush & Co Limited
Chartered A¢couTrtBnts
2 Barnfield Crescent
Exeter
EX1 IQT

TUCKERS HALL EXETER UMITED
STATEMENT OF FINANCIAL AcnvmES
(INCLUDING INCOME AND EXPENDITURE ACCOUNTI
YEAR ENDED 31 MARCH 2024
2024-
2023 Tot•1
Unrestrf¢ied
Fundl
Not•
Fund
Fund
Total
INCOME FROM
Donations and Lo9a¢i•s
Gifts. donation5 and tax recovered
Dividend income
Grant income
Covid grant income
Interest income
Charitablo Activitios..
Hire of hall
42.861
3.791
42.861
3.791
3.052
34.030
3,778
2.505
3,052
1.024
1.024
438
7.818
7.818
2,600
Total Income
55.494
3.052
58.546
43.351
EXPENDITURE ON
Choritabl• Aetivitl•s-
ProYl$ion of H•A..
Insurance
Light and heat
Rate5 and water
General repairs
Telephone
Depreciation
Sundry expense$
Support Costs..
F88s for Independent Examination
Beadle's fee5
Clerk'5 fees and administrations assista
Intern costs
Legal end professional lees
Advertising
Postage and stationery
Computer and website expenses
10.684
3.694
56
3,279
1,527
9,905
1.720
10,684
3.694
56
3,279
1,527
9.905
1.720
9.705
1.241
101
4.680
13.104
3.131
3.429
8.192
1.000
3.429
8.192
1.000
1.772
3.375
2.512
1.850
2,856
2,360
5,178
1.000
1.593
8.261
2.792
1.573
2,540
1,772
3.375
2,512
1.850
2M56
Totsl Expenditure
54.079
1.772
55,851
58,378
NET ILOSSESIIGAINS ON INVESTMENTS
12.368
12.368
17.5661
INCOMEIIEXPENDITUREI
13.783
1,280
15.063
122.5931
Transfers between funds
11.2801
1,280
NEf MOVEMENT IN FUNDS
12,368
2.560
15,118
122.5931
Reconcrliation of funds..
Total fund5 brought forward
433.560
1.382
434.942
457,534
FUND 8ALANCES CARIUED FORWARD
446.063
3.942
450,005
434.941
The notè$ on pagès 9 to 14 form part of these financial statements.

TUCKERS HALL EXETER UMITED
IREGISTERED NUMBER: 18856921
BALANCE SHEET
AS AT 31 MARCH 2024
Note
2024
2023
FIXED ASSETS
Tangible assets
Heritaoe assets
Investments
15.273
264,666
141,680
17,797
269.329
129.312
421,619
416.438
CURRENT ASSETS
Dobtor$
Depo8lt account
Ce$h in bank curreni aecount and In hand
19.475
21.039
10.129
18.107
21.038
4,647
43.792
CREDITORS.. Du6 Wlthin one year
22.257
25,289
NEf CUARENT ASSETS
28.386
18.503
NET ASSETS
450.C#)S
434.941
RESERVES
Restricted funds
Unre6tr¢cted funds
io
io
3.942
446,063
1.382
433.559
450,CQS
434,941
The company is entilled lo exemption from audit under ihe Charities Act 2011 •nd Saction 477 of the
Companies Ad 2006for ihe year ended 31 March 2023
The members have not véquirèd ihe company to obtain On avdii of it$ financ¢al statements for the year
¥nd8d 31 March 2021 in accordance Wlth the Charities 2011 and Section 476 01 the Companies A
2006.
The directors acknowledge their responsibilities for..
ensuring ihat the company keeps accounting record8 which comply with Sections 386 and 387 of
the COMpan￿8S Aci 2006 and
preparing financial statements which give a true and falr view of the $tatè of affairs of the
¢OrnP8ny as at the end of èach financial year and of its profit or lo$s for 8ach financial year in
8ccordanc6 with the requirements of Section5 W and 395 and which otherwise comply with thè
Tequiremenls of the Companies Act 2(K)6 rèlaling to financial statements. so far a$ applicab18 to
the company.
bl
The financial statements have been prepared in a￿Ordance with the provisions applicable to
companies svbjeci to the small companies regimg.
Thé financi
signed b
st
ements were approved by the board ol trustees on
28 1101.ZOZItr.....
and were
N Sprague IDirectorl
R Marsh (Director)

TUQ(ERS HALL EXETER LIMITED
NOTES TO THE UNAUDITED HNANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POUCIES
Accounting Convention
The financial statemenis of the charitable company. which is a public benefit entity under
FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting
and Reporting by Charities= Siatement of Recommended Praciice applicable to charities
preparing their accounis in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151.. Section 1A -small
Entities- of Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Aepublic of Ireland. and ihe Compani8s Act 2006. The financial statements
have been prepared under the historical cost convention with the exception of investments
which are included at market value.
Financial Roporting Standard 102- reduced disclosure exemptions
The charity has taken advantage of the exemption of the requirements of Section 7
Statements of Cash Flows in preparing these financial statements, as permitted by FRS 102
The Financial Rgporting Standard in the UK and Republie of Iroland,
Going Convrn
The financial statements have been prepared on a going coneern basis a$ there are no
material uncèrtainties about the charity's abilily to continua operating.
Rotognition of Incomè and Exp•ndltur•
Income is included in ihe financial staiements when it is receSved except for don8tions under
gift aid which are grossed up io include the income 18x recoverable 8nd the hire of the hall
which 18 on an 8¢cNals basis. Expenditure is included on the accruals basis.
Charitable activities comprise all costs incurred by ihe charity in ihe dellvery of its activities
and Services for its benefici8ri8s. Governance costs include those cost9 associated with
meeting the constilulional and staiutory requiremenis of the charity.
Grants received relating to Covid support are recognised on receipt.
D•prn¢l•tlon
Depreci&iion is provided to write off ihe asse1$ over their estimated useful livo9 as follows..
L8nd
Not depreciated
Equipment
15% per annum reducing balance
Exhibition equipment
33.33% per annum straight lino
Computer and website
20 /0 per annum Stfaight line
Herltage Assets
Heritage assets are Slotod at cost and are depreciated at 2% per annum straight line.
Investments
Investments are stated at markei value at the balance sheet date and the gain or loss on
revaluation 55 iaken to the Statement of Financial Activities.
Debtors
Debtors are included at the Settlement amount due.
Cash at bank
Cash at bank includes cash and shon term highly liquid investments with a short maturity of
three months or less from the date of opening of the deposit.

TUCKERS HALL EXETER UMITED
NOTES TO THE UNAUDfTED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POUCIES Icontinuedl
Creditors
Creditors are recognised where the charity hBs a present obligation aris(ng from a past
event that will probably result in the transfer of funds to a third party and the amount due
to seltle the obligation can be measured or estimated reliably. Creditors are recognised at
their settlemenl amount. Inlerest free loans have not been discounted as they have no set
repayment date.
Deferred Income
Deferred in¢ome is recognised when hall hire Income 1$ received prior to the year-end but
the hall hire occurs in the next financial period.
Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlemerht value.
Fund Accounting
Funds held by the charity are either.
Unrestricted General Funds
These are funds which Can be usèd in accordance with the charitable objects at the
discreiion of the irustees.
Restri¢ted Funds
These are funds thai can only be used for particu18r restricled purposes within the objects of
the charily. Restrictions arise when specified by the donor or when funds are raised for
particular purposes.
TAXATION
The charitable company is exempt from corporation tax on its charilable activities.
AVERAGE EMPLOYEES & STAFF COSTS
The average number of employees during the year was 012023.. 01.
TRANSACTIONS WITH TRUSTEES
No remuneration directly or indirectly out of the funds of the charity was paid or payable for
the year to any trustee or to any person or persons known io be connected with any of ihem.
No reimbursement of expenses has been made or is due to be made to any of the trusiees in
respect of the year.
There were no olher financial transactions made with trustees during the year.

TUCKERS HALL EXEfER UMrrED
NOTES TO THE UNAUDrtED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
TANG18LE FIXED ASSETS
Exhibition
Computer
Equipment & Website
Equipment
Total
COST
Ai 1 April 2023
Additions
71.139
118.640
3,853
193.632
At 31 March 2024
71.139
118.640
3.853
193,632
OEPRECIATION
At 1 April 2023
Charge for the year
52,886
3.099
118,640
3,613
121
175,139
3,220
At 31 March 2024
55.985
118.640
3.734
178.359
NET BOOK VALUE
At 31 March 2024
15.154
119
15,273
Al 31 March 2023
18.253
240
18,493

TUCKERS HALL EXETER UMfTED
NOTES TO THE UNAUDfTED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
HERITAGE AsS￿s
Freehold
Property
COST
At 1 April 2023
Additions
360.350
At 31 March 2024
360.350
DEPRECIATION
At 1 April 2023
Charge for year
91,717
6,631
At 31 March 2024
98.348
NEf 800K VALUE
At 31 March 2024
262.002
At 31 March 2023
268.633
Tuckers Hall dates b8ck to 14718nd continues to this day to be the home of the Clothworkers
Guild - now knovln as ihe Sncorpor81ion of Weavers Fullers and Shearmen of Exeter,
It Is a Iis18d bullding ol great significance as the cornerstona of the woollen cloth trade in
Exeter which made the city wealthy and a cgntrg for international trade from the 151h to the
late 18 cenlury.
The property is preserved and maintained by members of the Incorporation and now
includes a modern interactive Interpretation Centre. which is open to the public, illustrating
the Woollen Cloth manufacturing processes and the Development of the Cloth Trade in
Exeter.
Freehold property includes land of £32.208 which has not been depreciated.
The Truslees are of the opinion that the market value of the freehold property exceeds the
cost.

TUCKERS HALL EXETER UMITED
NOTES TO THE UNAUDrrED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
INVESTMENTS
2024
2023
Market value 81 1 April 2023
GainllLossl on revaluation
129,312
12.368
136.878
17.5661
Markei value at 31 March 2024
141.680
129,312
Investments at market value comprised:
UK Equit18S
141,680
129,312
Historical cost as at 31 March 2024
67.962
67.962
DEBTORS
2024
2023
Prepayments and accrued income
Tax recoverable
Other debtors
10,038
8,656
9.810
6.465
1.832
19.474
18.107
CREDITORS.. Due within one year
2024
2023
Loan
Accruals
Clerk's fees
Deferred income
18,708
2.549
18,708
4.306
1000
2.275
22,256
25,289
The loan 15 interest free with no fixed repaymerit temis or date and is provided by current
and pasl supporters of the Charity. It is repayable on demand.

TUCKERS HALL EXETER UMITED
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
YEAR ENOED 31 MARCH 2023
10. RESERVES
Balance
Brought
foNi•rd
Income ExpendI￿rn Translers
Gainsl
Balance
ILo$$e$l Carried
lonNard
Interns grant
1.382
3,052
11.7721
1.280
3,942
Total restricted
funds
1.382
3,052
11,7721
1.280
Unrestriffled funds
433.560
55.494
164,0791
11,2801
12.368
446.063
434.941
58,546
15S,8511
12.368
450.005
Interns grant
This fund relates to grant$ received which are to be used iowards the Costs of interns. part of
which has been utilised in the year, the remainder is to be carried fO￿ard against future
intgrn costs.
11. SUMMARY OF NET ASSETS BY FUNDS
RestTiCted
Fund¥
Unrnstrl¢t•d
Funds
Total
Fixed Assets
Investment$
Net Current Assets
279,939
137,738
28.386
279,939
137.738
32,328
3.942
3,942
446,063
450.005
12. COMPANY LIMITED BY GUARANTEE
Every member of the company undertakes io contrTrbuie such amounts as may be required
Inol exceeding £11 to the assets of the company if it should be wound up while he is 8
member or wiihin one year after he C9ases to b8 a member. for payment of the company's
dgbts and liabilities ¢ontraded before he ceases to be a member. and of the costs, charges
and expenses of winding up. and for the adjustmenl of ihe righis of the coniiibuiories among
themselves.
14