## MARGAM YOUTH CENTRE ## CHARITY NUMBER 515319 ## TRUSTEES REPORT FOR FINANCIAL YEAR 31[st] JULY 2024. We appreciate that this Financial Year 2023/24 has seen our organisation sustain itself and been able to carry out essential repairs to the Margam Youth Activities leisure Centre and Dressing room complex we have leased from local authority NPTCBC The organisation also carried out extra work within the grounds and improve football pitches for all users. This will show that we made a loss on accounts this year , that is due to the major work repairs we have carried out . We acknowledge and appreciate the hard work and effort put in by all individuals connected with the Youth Centre in making Grant Applications and Contacting many Companies in Business to seek Sponsorship and Grant Donations. Progress has been rapid within the Margam Youth Centre providing more Leisure and recreation activities for the Community , which has seen a New Inclusion set up for children with learning and physical difficulties to participate in sport. The organisation has also set up o a new youth club evening for children with disabilities. The Work which has been carried out within the Youth Centre , again a Thank you to all ,as giving up your spare time, can be precious indeed and we as Trustees Appreciate that. Nothing goes un-noticed as we look to improve the Youth Centre Facilities. . The Trustee's would like to thank everyone Involved with Margam Youth Centre and the effort put into running the activities within the Youth Centre, without your effort it would be impossible to continue, please keep up the good work for the next financial year. Mr Graham Bowditch Mr Paul Slee Mr George Ridgeway. Mr Brian Short Ms Kelly Andrews 16[th] October 2024. REGISTERED CHARITY NUMBER: 515319 CFIARTERED ACCCJUNTANIS & BUSINESS ADVISERS REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR MARGAM YOUTH CENTRE Watkins Bièdlteld&Co.. HW co.and W8Va￿tradI￿n3mp5Of W8¥ Umit4d,acompanyregbt¢red IDEDglbnd &Wale5 No.07250663 Re¥i5teiedOlfi¢e.'WoDdfiÈW Htsu5•, th￿QWalk, Il*athSA113LN Re￿st*re0 tucairyohauditwark Inth¢vKand reEulaiedlorarargto1iDvestr(￿lbUSl￿e&sètti￿lVestythe IDstitulpof CharteredAttouhtsntsin Engl￿dèndwI1eS tretai150four audit ts81stra￿0n¢)thbpYl￿￿￿￿hrWwW.a￿dktrÈgisIer.0wukVrderr•ferQ￿Ènu￿ber¢th)1s653￿9 MARGAM YOUTH CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page Report of the Trustees 1&2 Independent Examiner's Report Receipts & Payments Account 4&5 Statement of Assets and Liabilities Notes to the Financial Statements 7&8 MARGAM YOUTH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 1021 (effective l January 2015>. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 515319 Principal address 2 Heol y Gwrgan Port Talbot West Glamorgan SA13 2DG Trustees Mr George Ridgeway Mr Graham 8owditch Mr Brian Short Mr Paul Slee Ms Kelly Andrews Independent examlner WBV Limited Chartered Accountants Woodfield House Castle Walk Neath West Glamorgan SAII 3LN STRucfuRE. GOVERNANCE AND MANAGEMENT Governina document The constitution was adopted on 27 November 1977 as amended 20 December 1981, 11 April 1983 and 6 May 1984. Margam Youth Centre was registered with the Charity Commission on 13 July 1984. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page I MARGAM YOUTH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 OBJEcfivES AND AcnviTIES Objectives and Aims Margam Youth Centre is run for the benefit of children within Margam and the surrounding areas. Other organisations use the. buildin& coffee mornings for old age pensioners and bingo evenings. The centre is focused on providinE football activities for boys and girls from ages 6 to senior level. The activities provided.are to benefit the people living in Margam. The trustees have considered the facilities available and have paid due regard to the Charity Commission advice on public benefit when considering the activities undertaken. ACHIEVEMENT AND PERFORMANCE haritable activltle5 An over.all deficit of £9,743 (2023: deficit of £12,521 was generated). FINANCIAL REVIEW Reserves pollcy It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity. This provides sufficient funds to cover management and administration costs and to respond to emergency applications that may arise from time to time. The charity also maintains designated fund5 to.cover future unexpected expenditure on the maintenance and repairs of the grounds, Groeswen playing fields and dressing room complex. Approved by order of the board of trustees on and signed on its behalf by.. G Ridgeway Trustee 24, lQ.2Y Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MARGAM YOLrrH CENTRE We report on the accounts forthe year ended 31 July 2024 set out on pages four to eight. Respective responslblllties of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period {under Section 144121 of the Charities Act 2011 (the 2011 Act)1 and that an independent examination is required. It is our responsibility to.. examine the accounts under Section 145 ofthe 2011 Art to follow the procedures laid down in the General Directions given by the Charity Commlssion lunder Section 1451511bl of the 2011 Act}; and to state whether particular matters have come to my attention. Basis of the independent examlner'5 report Our examination was carried out in accordance with the General Directions given by the Chariti Commission. An examination includes a review of the accounting records kept by the tharity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is Ilmited to those matters set out in the statements below. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared the accounts Ifinancial statements) in accordance with Accounting and Reporting by Charities preparing their accotjnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charities.. Statement o* Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has since been withdrawn. We understand.that this has been done in ordet for the accounts tt) provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. In connection with our examinatlon, no matter has come to our attention: .whith gives. us reasonable cause to believe that, in any material respect, the requirements:_ to keep accounting records in accordance with Section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and to comply with the accounting requirem"eTrts of the 2011 Act have not been tnet; or .to which In our opinion, attention should be drawn in order to enable a proper understanding of the accounts to 'be reached. WBV Llmited. Chattered'mctountanta WoodfiÈld Hou*. tastle Walk Neath West Glaiyiorgah ' SAII 3L Page 3 MARGAM YOUTH CENTRE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 RECEIPTS ANDPAYMENTS ACCOUNT 2024 2023 RECEIPTS Income Recei ts Grants and Donations,. Subscriptions and Membership'Fees 20,499 Sundry Grants and Donations 63.191 17,166 59,599 83,690 76,765 Trading Ar.tivities: Monies Received for Footba15 Tickets and Hire of Buses Cahteen 12,870 10,277 11,044 10,048 23,147 21,092 Fundraising., Special Efforts Investment Income: Investment Account Interest 1,569 802 1,569 . 108,406 802 Total Recei ts 98,659 Page 4 MARGAM YOUTH CENTRE AccouKfs FOR THE YEAR ENDED 31 JULY 2024 RECEIPTS AND PAYMENTS AccouKr CONTINUED 2024 2023 PAYMENTS 'Youth Club Equipment Fees Insurance Water Rates Trophies and Flowers Repair5 and Renewals Heating and Lighting Field Maintenance Sports Equipment Canteen Coach CBA Charges 2,055 47,034 1,181 1,039 7,417 9,783 246 45,728 1,503 884 6,014 30,086 I I 4,734 20,365 5,566 13,715 5,080 180 3,003 5,891 5.306 10,639 1,750 130 Total Pa ments 118,149 111,180 SUMMARY Total Receipts Total Payments Net Receipts 108,406 118,149 (9,743) 98.659 111,180 {12,5211 Bank Balances at 1st August 2023:_ Current Account Investment Account HSBC Designated Current Account 33,937 78,864 76,491 97,907 110,428 88,164 97,907 Bank Balances at 31st July 2024:_ Current Account Investment Account HSBC DesFgnatéd Current account 3,631 19,043 84,533 78,864 88,164 97,907 Approved bythe Board of Trustees on and signed on their behalf by,. - 10.2¥. G.S. Bowdktch - Treasurer ay- Trust Page 5 MARGAM YOUTH CENTRE STATEMENT OF ASSETS AND LIABILITIES AT 31ST JULY 2024 2024 2023 Moneta Assets Bank Current Account National Savings Investment Account 3,631 19,043 Designated Current Account: 1.500 11,725 11,814 1,569 48,400 2,000 7,525 1,500 io,,000 6,562 802 60,000 Groeswen Project Margam Youth Re%prves Irrterest, . New Build Fund Ground Fielding Fund NPTCVS Grant Funds: 84.533 78,864 88,164 97,907 Liabilities The Charity had no liabilitie&at 315t July 2024 other than accauntoncy feès'of'£330. Page 6 MARGAM YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POUCIES Accounting conventlon The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities: 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 IFRS 102) {effective l January 2015),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011.The financial statements have been prepared on a going concern basis under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effertive from l April 2005 which has since been withdrawn. Margam Youth Centre meets the definition of a public entity under FRS 102. Incoming resources All incoming resources are included on the Receipts and Payment account when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on a receipts and payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets For use tyy the Charity and belonging to the General Purposes Fund:_ Burglar Alarms, Weightlifting Equipment, Refrigerator, Water Boiler, Trophy Case and other equipment valued for insurance purposes at £11,03212023: £11,032). The Club House Building is valued for insurance purposes at £136,646 (2023-_£136,646). Taxation The charity is exempt from tax on its charitable activities. Fund a¢counting Unr£strirtpd ,funds can be us.ed in accordance..with the charitable objectFves at the discretion .of the trustees. Further.explanation of the nature and.purpose of each fund is included in the notes to the financial statements. Page7 MARGAM YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 TRUSTEES REMUNERATION AND BENEFITS There werè no trustees, remuneration or other benefits for the year ended.31 July 2024 nor for the year ended 31 July 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. MOVEMENT IN FUNDS Net Movement in funds .,Transfers between funds At 0110812023 At 3110712024 Unrestricted funds ..fjenwal.fvnd . .. Designated funds 11,055 78,864 89,919 7,988 97,907 116,380} 5,669 117.501} 15.325) 84.533 Restricted funds 8,956 88,164 Total funds 19,743} PURPOSE OF DESIGNATED FUNDS The designated funds relate to future expenditure on the maintenance and repairs of the grounds, Groeswen playing fields and dressing room complex. PURPOSE OF RESTRicfED FUNDS There were no restricted funds received this year. Page 8 REGISTERED CHARITY NUMBER: 515319 CFIARTERED ACCCJUNTANIS & BUSINESS ADVISERS REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR MARGAM YOUTH CENTRE Watkins Bièdlteld&Co.. HW co.and W8Va￿tradI￿n3mp5Of W8¥ Umit4d,acompanyregbt¢red IDEDglbnd &Wale5 No.07250663 Re¥i5teiedOlfi¢e.'WoDdfiÈW Htsu5•, th￿QWalk, Il*athSA113LN Re￿st*re0 tucairyohauditwark Inth¢vKand reEulaiedlorarargto1iDvestr(￿lbUSl￿e&sètti￿lVestythe IDstitulpof CharteredAttouhtsntsin Engl￿dèndwI1eS tretai150four audit ts81stra￿0n¢)thbpYl￿￿￿￿hrWwW.a￿dktrÈgisIer.0wukVrderr•ferQ￿Ènu￿ber¢th)1s653￿9 MARGAM YOUTH CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page Report of the Trustees 1&2 Independent Examiner's Report Receipts & Payments Account 4&5 Statement of Assets and Liabilities Notes to the Financial Statements 7&8 MARGAM YOUTH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 1021 (effective l January 2015>. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 515319 Principal address 2 Heol y Gwrgan Port Talbot West Glamorgan SA13 2DG Trustees Mr George Ridgeway Mr Graham 8owditch Mr Brian Short Mr Paul Slee Ms Kelly Andrews Independent examlner WBV Limited Chartered Accountants Woodfield House Castle Walk Neath West Glamorgan SAII 3LN STRucfuRE. GOVERNANCE AND MANAGEMENT Governina document The constitution was adopted on 27 November 1977 as amended 20 December 1981, 11 April 1983 and 6 May 1984. Margam Youth Centre was registered with the Charity Commission on 13 July 1984. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page I MARGAM YOUTH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 OBJEcfivES AND AcnviTIES Objectives and Aims Margam Youth Centre is run for the benefit of children within Margam and the surrounding areas. Other organisations use the. buildin& coffee mornings for old age pensioners and bingo evenings. The centre is focused on providinE football activities for boys and girls from ages 6 to senior level. The activities provided.are to benefit the people living in Margam. The trustees have considered the facilities available and have paid due regard to the Charity Commission advice on public benefit when considering the activities undertaken. ACHIEVEMENT AND PERFORMANCE haritable activltle5 An over.all deficit of £9,743 (2023: deficit of £12,521 was generated). FINANCIAL REVIEW Reserves pollcy It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity. This provides sufficient funds to cover management and administration costs and to respond to emergency applications that may arise from time to time. The charity also maintains designated fund5 to.cover future unexpected expenditure on the maintenance and repairs of the grounds, Groeswen playing fields and dressing room complex. Approved by order of the board of trustees on and signed on its behalf by.. G Ridgeway Trustee 24, lQ.2Y Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MARGAM YOLrrH CENTRE We report on the accounts forthe year ended 31 July 2024 set out on pages four to eight. Respective responslblllties of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period {under Section 144121 of the Charities Act 2011 (the 2011 Act)1 and that an independent examination is required. It is our responsibility to.. examine the accounts under Section 145 ofthe 2011 Art to follow the procedures laid down in the General Directions given by the Charity Commlssion lunder Section 1451511bl of the 2011 Act}; and to state whether particular matters have come to my attention. Basis of the independent examlner'5 report Our examination was carried out in accordance with the General Directions given by the Chariti Commission. An examination includes a review of the accounting records kept by the tharity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is Ilmited to those matters set out in the statements below. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared the accounts Ifinancial statements) in accordance with Accounting and Reporting by Charities preparing their accotjnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charities.. Statement o* Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has since been withdrawn. We understand.that this has been done in ordet for the accounts tt) provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. In connection with our examinatlon, no matter has come to our attention: .whith gives. us reasonable cause to believe that, in any material respect, the requirements:_ to keep accounting records in accordance with Section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and to comply with the accounting requirem"eTrts of the 2011 Act have not been tnet; or .to which In our opinion, attention should be drawn in order to enable a proper understanding of the accounts to 'be reached. WBV Llmited. Chattered'mctountanta WoodfiÈld Hou*. tastle Walk Neath West Glaiyiorgah ' SAII 3L Page 3 MARGAM YOUTH CENTRE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 RECEIPTS ANDPAYMENTS ACCOUNT 2024 2023 RECEIPTS Income Recei ts Grants and Donations,. Subscriptions and Membership'Fees 20,499 Sundry Grants and Donations 63.191 17,166 59,599 83,690 76,765 Trading Ar.tivities: Monies Received for Footba15 Tickets and Hire of Buses Cahteen 12,870 10,277 11,044 10,048 23,147 21,092 Fundraising., Special Efforts Investment Income: Investment Account Interest 1,569 802 1,569 . 108,406 802 Total Recei ts 98,659 Page 4 MARGAM YOUTH CENTRE AccouKfs FOR THE YEAR ENDED 31 JULY 2024 RECEIPTS AND PAYMENTS AccouKr CONTINUED 2024 2023 PAYMENTS 'Youth Club Equipment Fees Insurance Water Rates Trophies and Flowers Repair5 and Renewals Heating and Lighting Field Maintenance Sports Equipment Canteen Coach CBA Charges 2,055 47,034 1,181 1,039 7,417 9,783 246 45,728 1,503 884 6,014 30,086 I I 4,734 20,365 5,566 13,715 5,080 180 3,003 5,891 5.306 10,639 1,750 130 Total Pa ments 118,149 111,180 SUMMARY Total Receipts Total Payments Net Receipts 108,406 118,149 (9,743) 98.659 111,180 {12,5211 Bank Balances at 1st August 2023:_ Current Account Investment Account HSBC Designated Current Account 33,937 78,864 76,491 97,907 110,428 88,164 97,907 Bank Balances at 31st July 2024:_ Current Account Investment Account HSBC DesFgnatéd Current account 3,631 19,043 84,533 78,864 88,164 97,907 Approved bythe Board of Trustees on and signed on their behalf by,. - 10.2¥. G.S. Bowdktch - Treasurer ay- Trust Page 5 MARGAM YOUTH CENTRE STATEMENT OF ASSETS AND LIABILITIES AT 31ST JULY 2024 2024 2023 Moneta Assets Bank Current Account National Savings Investment Account 3,631 19,043 Designated Current Account: 1.500 11,725 11,814 1,569 48,400 2,000 7,525 1,500 io,,000 6,562 802 60,000 Groeswen Project Margam Youth Re%prves Irrterest, . New Build Fund Ground Fielding Fund NPTCVS Grant Funds: 84.533 78,864 88,164 97,907 Liabilities The Charity had no liabilitie&at 315t July 2024 other than accauntoncy feès'of'£330. Page 6 MARGAM YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POUCIES Accounting conventlon The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities: 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 IFRS 102) {effective l January 2015),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011.The financial statements have been prepared on a going concern basis under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effertive from l April 2005 which has since been withdrawn. Margam Youth Centre meets the definition of a public entity under FRS 102. Incoming resources All incoming resources are included on the Receipts and Payment account when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on a receipts and payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets For use tyy the Charity and belonging to the General Purposes Fund:_ Burglar Alarms, Weightlifting Equipment, Refrigerator, Water Boiler, Trophy Case and other equipment valued for insurance purposes at £11,03212023: £11,032). The Club House Building is valued for insurance purposes at £136,646 (2023-_£136,646). Taxation The charity is exempt from tax on its charitable activities. Fund a¢counting Unr£strirtpd ,funds can be us.ed in accordance..with the charitable objectFves at the discretion .of the trustees. Further.explanation of the nature and.purpose of each fund is included in the notes to the financial statements. Page7 MARGAM YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 TRUSTEES REMUNERATION AND BENEFITS There werè no trustees, remuneration or other benefits for the year ended.31 July 2024 nor for the year ended 31 July 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. MOVEMENT IN FUNDS Net Movement in funds .,Transfers between funds At 0110812023 At 3110712024 Unrestricted funds ..fjenwal.fvnd . .. Designated funds 11,055 78,864 89,919 7,988 97,907 116,380} 5,669 117.501} 15.325) 84.533 Restricted funds 8,956 88,164 Total funds 19,743} PURPOSE OF DESIGNATED FUNDS The designated funds relate to future expenditure on the maintenance and repairs of the grounds, Groeswen playing fields and dressing room complex. PURPOSE OF RESTRicfED FUNDS There were no restricted funds received this year. Page 8