2023-12-31-accounts

COMPANY REGISTRATION NUMBER: 02041873 CHARITY REGISTRATION NUMBER: 295113

Community for Reconciliation Company Limited by Guarantee Unaudited Financial Statements

31 December 2023

POINTON YOUNG

Chartered Accountants 33 Ludgate Hill Birmingham B3 1EH

Community for Reconciliation

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2023

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	4
Statement of financial position	5
Notes to the financial statements	6

Community for Reconciliation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.

Reference and administrative details

Registered charity name

Community for Reconciliation

Charity registration number 295113 Company registration number 02041873 Principal office and registered Barnes Close office Chadwich Manor Estate Chadwich Bromsgrove B61 0RA The trustees Rev C E Turner M A Royal T Harris G J Holt M J Kenyon M P Bull Independent examiner S Brown BA FCA 33 Ludgate Hill Birmingham B3 1EH

Structure, governance and management

The Members Council are aware of their responsibilities for governance and will actively seek new members using a skill-based approach where necessary. None of the Members Council has any beneficial interest in the company. All of the Members Council are members of the company and guarantee to contribute £1 in the event of a winding up.

Objectives and activities

The charity's objectives are the advancement of religion and the relief of poverty. In order to further these objectives, the charity operates a residential centre, Barnes Close (now known as 'The Greenhouse at Barnes Close'), where training, conferences, retreats, and other activities have taken place.

Achievements, performance and financial review

The Community for Reconciliation exists for advancement of religion and the relief of poverty by any means which are charitable. Since its inception in 1986, the charity has been based in a building owned by Bournville Village Trust, on the edge of the Waseley Hills, now known as The Greenhouse at Barnes Close.

The programme is varied; The Greenhouse welcomes church groups, hosts retreat days, works with schools as well as offering rooms for private hire through the year. We employ two paid staff, a Director and Operations Manager who work with a small but dedicated team of sessional workers and volunteers to keep activity at The Greenhouse running.

1

Community for Reconciliation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Our vision through 2023 continued to be one of rooted faith and flourishing communities and to this end, the trustees have overseen a programme of activity that has seen the emergence of relationships with new partners / groups and the re-emergence of some long-standing relationships with local groups and churches. Like any small, building-based organisation seeking to navigate a postpandemic landscape, our financial situation remains fragile. The trustees remain committed to nurturing ongoing and new relationships with our users, partners, clients and supporters in order to both strengthen our financial position and expand our programme.

This year has seen a steady increase in bookings with groups returning and new groups coming making reservations. This core activity has been augmented by the following key achievements:

• A grant of £2,000 awarded by Middlemore Trust enabled us to continue our schools project of providing retreat days for St Michael's, an inner city Birmingham school.

• In collaboration with Frontier Youth Trust we partnered on a project called Prophetic Dreamers. This consisted of supporting a group of LGBTQ+ young people and their families to connect, gather, support each other and explore faith together

• The continuation of the Soul Craft monthly retreat day for people local to the area and Birmingham

• The continuation of the monthly Grounds Days for volunteers who enjoy spending a day outdoors together, working the land, participating in our rhythm of prayer and keeping the grounds safe and beautiful for guests

• Hosting and lead our first Encounter residential retreat for those interested in taking time out to explore and go deeper in faith.

• Hosting a second Summer Fun day which was well attended with partners, local people and those from further afield visiting The Greenhouse for the first time. A carnival atmosphere ensued which ended with outdoor worship

• The continuation of a rhythm of prayer during the week which is a source of inspiration, resilience and peace for staff, volunteers and guests

• The recruitment and employment of a part-time Operations Manager who has grown the capacity of the Greenhouse team to meet the needs of this growing organisation.

• The upgrading of the building itself. In particular, work has been done on the heating and plumbing system as well as the fire safety system ensuring statutory compliance.

• This exploration of our heritage in peace and reconciliation work. We are delighted that our Director has begun a peace and reconciliation programme called Journey of Hope which will enable us to take on learning from this sector and to build relationships with peace and reconciliation organisations across the UK.

The trustees' annual report was approved on 24 September 2024 and signed on behalf of the board of trustees by:

…………………….

M P Bull Trustee

2

Community for Reconciliation

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Community for Reconciliation

Year ended 31 December 2023

I report to the trustees on my examination of the financial statements of Community for Reconciliation ('the charity') for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

……………………………… S Brown BA FCA Independent Examiner Pointon Young Chartered Accountants 33 Ludgate Hill Birmingham B3 1EH

24 September 2024

3

Community for Reconciliation

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2023

			2023		2022
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	12,867	10,426	23,293	84,133
Other trading activities	6	92,116	–	92,116	54,999
Investment income	7	4	12	16	2
		─────────	────────	─────────	─────────
Total income		104,987	10,438	115,425	139,134
		═════════	════════	═════════	═════════
Expenditure
Expenditure on charitable activities	8,9	115,797	20,891	136,688	103,664
		─────────	────────	─────────	─────────
Total expenditure		115,797	20,891	136,688	103,664
		═════════	════════	═════════	═════════
		─────────	────────	─────────	─────────
Net (expenditure)/income and net
movement in funds		(10,810)	(10,453)	(21,263)	35,470
		═════════	════════	═════════	═════════
Reconciliation of funds
Total funds brought forward		114,682	25,789	140,471	105,001
Transfers		3,196	(3,196)	-	-
		─────────	────────	─────────	─────────
Total funds carried forward		107,068	12,140	119,208	140,471
		═════════	════════	═════════	═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 15 form part of these financial statements.

4

Community for Reconciliation

Company Limited by Guarantee

Statement of Financial Position

31 December 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	15	104,105	102,497
Current assets
Debtors	16	6,632	15,976
Cash at bank and in hand		20,185	37,580
		────────	────────
		26,817	53,556
Creditors: amounts falling due within one year	17	11,714	15,582
		────────	────────
Net current assets		15,103	37,974
		─────────	─────────
Total assets less current liabilities		119,208	140,471
		─────────	─────────
Net assets		119,208	140,471
		═════════	═════════
Funds of the charity
Restricted funds		12,140	25,789
Unrestricted funds		107,068	114,682
		─────────	─────────
Total charity funds	18	119,208 ═════════	140,471 ═════════

For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 24 September 2024 and are signed on behalf of the board by:

……………………………… M P Bull

The notes on pages 6 to 15 form part of these financial statements.

5

Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Barnes Close, Chadwich Manor Estate, Chadwich, Bromsgrove, B61 0RA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Community for Reconciliation No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

6

Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property - 2% straight line Plant and machinery - 25% straight line Fixtures and fittings - 10% reducing balance Equipment - 33% straight line

8

Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

9

Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Financial instruments (continued)

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transacting, where the debt instrument is measured at the present valuer of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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Debtors and creditors receivable/ payable within one year

Debtors are creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

4. Limited by guarantee

The charity is a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association

5. Donations and legacies

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Donations
	Donations		12,867	3,036	15,903
	Grants
	Grants receivable		–	7,390	7,390
			────────	────────	────────
			12,867	10,426	23,293
			════════	════════	════════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Donations
	Donations		70,510	6,413	76,923
	Grants
	Grants receivable		–	7,210	7,210
			────────	────────	────────
			70,510	13,623	84,133
			════════	════════	════════
6.	Other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Charitable activities	92,116	92,116	54,999	54,999
		════════	════════	════════	════════

11

Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

7. Investment income

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Bank interest receivable		4	12	16
			════	════	════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Bank interest receivable		2	–	2
			════	════	════
8.	Expenditure on charitable activities by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Charitable activities		92,711	20,830	113,541
	Support costs		23,086	61	23,147
			─────────	────────	─────────
			115,797	20,891	136,688
			═════════	════════	═════════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Charitable activities		79,278	9,992	89,270
	Support costs		14,313	81	14,394
			────────	────────	─────────
			93,591	10,073	103,664
			════════	════════	═════════
9.	Expenditure on charitable activities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly Support costs		2023	2022
		£	£	£	£
	Charitable activities	113,541	23,147	136,688	103,664
		═════════	════════	═════════	═════════
10.	Analysis of support costs
		Professional
		fees	Depreciation	Total 2023	Total 2022
		£	£	£	£
	Governance costs	12,531	10,959	23,490	5,868
		════════	════════	════════	═══════

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Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

11. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

	Net (expenditure)/income is stated after charging/(crediting):
		2023	2022
		£	£
	Depreciation of tangible fixed assets	10,959	5,869
		════════	═══════
12.	Independent examination fees
		2023	2022
		£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements	812 ═══════	774 ═══════

13. Staff costs

The average head count of employees during the year was 6 (2022: 5). The average number of full-time equivalent employees during the year is analysed as follows:

	2023	2022
	No.	No.
Number of staff	6	5
	════	════

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

14. Trustee remuneration and expenses

One or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity.

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Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

15. Tangible fixed assets

	Short
	leasehold	Plant and	Fixtures and
	property	machinery	fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2023	169,557	44,894	34,388	3,154	251,993
Additions	–	3,122	9,445	–	12,567
	─────────	────────	────────	───────	─────────
At 31 December 2023	169,557	48,016	43,833	3,154	264,560
	═════════	════════	════════	═══════	═════════
Depreciation
At 1 January 2023	99,858	23,574	23,478	2,586	149,496
Charge for the year	3,391	5,587	1,475	506	10,959
	─────────	────────	────────	───────	─────────
At 31 December 2023	103,249	29,161	24,953	3,092	160,455
	═════════	════════	════════	═══════	═════════
Carrying amount
At 31 December 2023	66,308	18,855	18,880	62	104,105
	═════════	════════	════════	═══════	═════════
At 31 December 2022	69,699	21,320	10,910	568	102,497
	═════════	════════	════════	═══════	═════════

Leasehold land and buildings (property) were purchased in February 1989 on a 99 year lease for £115,000. The total of the original cost of £115,000 was provided by Aylesbury Ecumenical Church (formerly Aylesbury United Reformed Church) £50,000, Fulham United Reformed Church £10,000, Webb Trust £25,000, and £30,000 from the charity.

16. Debtors

	2023	2022
	£	£
Trade debtors	6,097	15,513
Prepayments and accrued income	535	463
	───────	────────
	6,632	15,976
	═══════	════════
Creditors: amounts falling due within one year
	2023	2022
	£	£
Trade creditors	1,140	1,140
Accruals and deferred income	9,710	13,592
Other creditors	864	850
	────────	────────
	11,714	15,582
	════════	════════

17. Creditors: amounts falling due within one year

14

Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
					At
	At				31 December
	1 January 2023	Income	Expenditure	Transfers	2023
	£	£	£	£	£
General funds	12,185	104,987	(115,797)	1,588	2,963
Designated Fund	102,497	–	–	1,608	104,105
	─────────	─────────	─────────	────	─────────
	114,682	104,987	(115,797)	3,196	107,068
	═════════	═════════	═════════	════	═════════
					At
	At				31 December
	1 January 2022	Income	Expenditure	Transfers	2022
	£	£	£	£	£
General funds	(8,662)	125,511	(93,591)	(11,073)	12,185
Designated Fund	79,614	–	–	22,883	102,497
	─────────	─────────	────────	────────	─────────
	70,952	125,511	(93,591)	11,810	114,682
	═════════	═════════	════════	════════	═════════
Restricted funds
					At
	At				31 December
	1 January 2023	Income	Expenditure	Transfers	2023
	£	£	£	£	£
Restricted Fund	25,789	10,438	(20,891)	(3,196)	12,140
	════════	════════	════════	════	════════
					At
	At				31 December
	1 January 2022	Income	Expenditure	Transfers	2022
	£	£	£	£	£
Restricted Fund	34,049 ════════	13,623 ════════	(10,073) ════════	(11,810) ════════	25,789 ════════

15

Community for Reconciliation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

19. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2023
	£	£
Tangible fixed assets	104,105	104,105
Current assets	14,677	26,817
Creditors less than 1 year	(11,714)	(11,714)
	─────────	─────────
Net assets	107,068	119,208
	═════════	═════════
	Unrestricted	Total Funds
	Funds	2022
	£	£
Tangible fixed assets	102,497	102,497
Current assets	27,767	53,556
Creditors less than 1 year	(15,582)	(15,582)
	─────────	─────────
Net assets	114,682	140,471
	═════════	═════════

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