Charity registration number 522255 NEWSTEAD COLLIERY MINERS, WELFARE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NEWSTEAD COLLIERY MINERS, WELFARE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Mr G Johnston Ms L Leadbeater Ms V K Leadbeater Mr P Oendle Mr C Reynolds Mrs G Winter Hilary Smaille5 (Appointed l June 20241 (Appointed l June 20241 (Appointed l June 2024) Charity number 522255 Princlpal address Tilford Roacl Newstead Village Nottingham NG15 OBS Independent examiner TC Group Celixir House Stratford Busine55 & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire United Kingdom CV37 7GZ
NEW5TEAD COLUERY MINERS, WELFARE TRUST CONTENTS Page Trustees report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 7-16
NEWSTEAD COLLIERY MINERS, WELFARE TRUST TRusfEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year endèd 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes I to the financial statements and comply with the trust's governing document, the Charities Act 2011 and"Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021" (effective l January 20191. Objectives and a¢tivities The charity's objective is to provide an institute and recreational facilities for the benefit of the Inhabitants of the area of benefit-particularly, though not exclusively, those from the mining community-without distinction of political, religiou5, or other opinion, with the aim of improving their quality of life. The charity a150 Seeks to provide and maintain a youth centre and other recreational facilities fc¢ the benefit of the people of New5tead. especially those from the minlng communitv. Under the terms of the scheme dated 10 January 2007, the land and buildings identilied in the scheme shall be used to further these charitable objects. If not required, and subject to prior consultatSon with and agreement from the trustees of CISWO, the trustees may use the charity's land and other assets for such other purposes as are exclusively charitable in law and for the direct benefit of the inhabitants of the area of benefit. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in decldin8 what activities to be undertaken by the Trust. We provide a building for young people in the village to meet and socialise, and we offer low-cost and affordable provisions for the village, the wider community, and surrounding area5. These include arts and crafts, exercise activities. toddler groups, IT sessions, and various other groups. The tW5tees confirm they have complied with section 17 of the Charities Act 2011 and have had due regard to the Charity Commission's public benefi't guidance.
NEWSTEAD COLLIERY MINERS, WELFARE TRUST TRVSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perforniance Significont octivitie5 and ochlevements against objectives The Courtyard Café has continued to be popular, attracting increased numbers of visitors. Regulargroup actlvities continue to grow, including dog training, dog and bird shows, wood carving, hobby groups, learning (Dufses, craft and design sessions, and art classes, which have been extended to include a day time class. All activity-based groups remain well 8ttended, and free advice sessions continue to be offered on energy costs, health and wellbeing, and benefits. The Centre regularly hosts council meetings, New5tead Parlsh Council meets'ngs, NHS and voluntary sector meetings, a5 well as Northern Soul events. The Community Food Pantry h35 expanded significantly and Surpassed expectations in the number of people joining. The Pantry supports the local and surrounding communities by preventing food waste and providing low- cost food. Various organisations have attended the Pantry to offer advice on benefits, cost-5aving measures, and support in seeking employment. The Centre has SUPPOrted a wide range of community events, including Christmas lunche5, special events, activity days for young people, Christmas and craft fair5, and activlty days for children. We continue to provide low-cost classrooms and packed lunches for young people attending CAST, an alternative provision in Newstead Village offering fi5hing-based and practical learning to support motivation and skills development. The former nursery building. which had reached the end of it5 lease, has now reverted to the charity and is being leased to CAST for educational use. The trustee5 have supported ongoing effort5 to maintain the building. During the year, a grant was secured to install solar panels on the m31n building and the CAST education centre. This h85 significantly reduced electricity costs, enabling further roof maintenance and helping to attract new businesses. Blue Sky Care continues to occupy office space. Police speed awareness courses take place regularly, and we continue to attract regular conference users. The Centre Coordinator continues to grow business opportunities by offering conference and seminar facilities, classroom spate, employment initiatives. and free community support se55ions, includin8 energy advi, emergency service information, employment support, and health and benefit advice. We also SUPPOrt Small business development by providlng office space to beauty and therapy provider5. art and design practitioners. and care-sector services. Two new bu5ine55es-T. Bamford Hypnotherapy and Lily Stephenson Tattoo Artist-have been welcomed into our office space. Plans are being explored to expand the Community Food Pantry to further improve service provision. These activities contribute to increased financial independence and long-term sustainability. The conference room is h05ting regular training se55ions, Seminars, and meetings, and other Centre room5 continue to be used by the NHS, Age UK, local authorities, and car§or training providers.
NEW5tEAD COLLIERY MINER5. WELFARE TRUST TRusfEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Financial review The trustees continue to support ongoing development within the Centre, including conference provision, community artivity spaces, refurbishment, and office rental. These activities aim to strengthen financial resilience and increase future community and business participation, enablln8 the Centre to become increasingly self- Sustaining and to fund key employee roles. Reserve5 policy It IS the policy of the trustees to mairstsin unrestritted funds sufficient to cover anticipated a(kninistration and support C05t5 for a period of 12 months. Any additional reserves are intended to provide a capital fund for building repair and upkeep. The trustees recognise the urgent need to invest in refurbishment to increase future income. Strurture. governance and management The trustees who Served during the year and up to the date of signature of the tinancial statements were: Mr G Johnston Ms L Leadbeater Ms V K Leadbeater MsHEScott Mr P Dendle Mr C Reynolds Mrs G Winter Hilary Smailles (Resigned 4 June 2024 (Appointed l June 20241 (Appointed I lune 20241 (Appointed l June 20241 Recruitment ond oppointment of trustees Trustee vacancies are advertised and interested parties are asked to apply in writing. Interviews will be held and suitable candidates are the notified to their nominating body either CISWO, Trade Unions or members. The Trustee Board is made up of equal numbers of each nominating body. Orgonisotionol structure The charity is responsible for maintaining the premi5e5 and its contents and grounds in a suitable state of repair for use by those who live in the surroundlng area. It raises income through variou5 charitable actimties, the main one being the hiring out of its facilitie5 for use by local businesses and the Eeneral public. The trustees report was approved by the Board of Trustees. Ms V K Leadbeater Trustee 21 November 2025
NEW5TEAD COLLIERY MINERS, WELFARE TRUST INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWSTEAD COLLIERY MINERS, WELFARE TRUST I report to the trustees on my examination of the financial statements of Newstead Colliery Miners, Welfare Trust {the trust) for the year ended 31 March 2025. Responsiblllties and basis of report As the trustees of the trust you are responsible for the preparation of the financial Statements in accordance with the requirements of the Charities Act 2011 {the 2011 Actl. I report in respett of my examination of the trust's fi'nancial 5tstements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's ststement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Repc*ting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in prefence to the Accounting and Report5ng by Charitles.. Statement of Recommended Practice issued on l April 2005 which 15 referred to in the eXtt regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after I January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination 8ivin8 me cause to believe that in any material respect.. accounting records were not kept in respect of the trust as required by section 130 of the 2011 Att,. or the financial statements do not accord with those records: or the financial statements do not comply with the applicable requirements Conterning the form and content of accounts Set out in the Charities (Accounts and Reports) Regulation5 2008 other than any requirementthat the accounts give a true and fair view which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to whrh attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. TC Group Celixir House Strarford Business & Technology Park Innovation Wayi Banbury Road StratFord-upon-Avon Warwickshire CV37 7GZ United KingdDm Dated.. 21 November 2025
NEWSTEAD COLLIERY MINERS, WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR niE YEAR ENDED 31 MARCH 2025 Unrestritted Restrlrted funds fund5 2025 2025 Total Unrestrlcted Restrirted funds funds 2024 2024 Total 2025 2024 Notes Income from.. Donations and legacie5 Charitable activities Other trading activities Investments 45,301 95,198 47,969 77 45,301 95,198 47,969 77 21,335 71.693 54,314 77 21,335 71,693 54,314 77 Total Income 188,545 188,545 147.419 147,419 Expendlture on: Raising funds Charitable activities Other expenditure 14.463 146,990 940 14,463 146.990 940 15,612 150,797 15,612 152,438 1,641 13 Total expenditure 162,393 162,393 166,409 1,641 168,050 Net income/lexpendlturel and movement In fund5 25,152 26.152 118,9901 {1,641) 120,631) Reconclllatlon of funds: Fund balances at l April 2024 839,027 256 839,283 858.017 1,897 859.914 Fund balances at 31 March 2025 865,179 256 865,435 839,027 256 839,283 The statement of financial activities include5 all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
NEWSTEAD COLLIERY MINERS. WELFARE TRUST BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible a55ets 15 900,895 832,127 Current assets Stock5 Debtors Co5h at bank and in hand 16 17 718 42,663 18,727 718 24,654 5,676 62,108 31,048 Credltors: amounts fallln8 due withln one year 18 197,568) 123,892) Net currènt (liabllltiesllassets {35,4601 7.156 Total asset5 less current liabilities 865,435 839.283 Net assets excluding pension liability 865,435 839,283 The funds of the trust Restricted incDme funds Unrestricted funds 19 256 865.179 256 839,027 865.435 839,283 The financial statements were approved by the trustees on 21 November 2025 Ms V K Leadbeater Trustee
NEWSTEAD COLLIERY MINERS, WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountEn8 policies 1.1 Accounting convention The financial statements have been prepared in accordance with the trust's [governinE documentl, the Charities Att 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102"13nd the Charities SORP "Accounting and Reporting by Charities: Ststement ol Recommended Practice applicable to charities preparing their account5 in accordance with the Financkil Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffettive l January 2019). The trust is a Public Benefit Entity as defined by FRS 102. The trust ha5 token advantage of the provision5 in the SORP for charities not to prepare a Statement of Cash Flows. The fi'nancial statements have departed from the Charities (Account5 and Reports} Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial Statements are prepared in Sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements have been prepared under the historical cost Convention. The principal aoUnting policies adopted are set out belDW. 1.2 Golng concern At the time of approving the financial Statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the fi'nancial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restrirted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the note5 to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be rn3intained bythe trust. 1.4 Income Income 15 recogni5ed when the trust is legally entitled to it after any performance ¢ondition5 havebeen met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised oncè the trust has been notified of the doriation, unless performance conditions requlre deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time ofthe donation.
NEWSTEAD COLLIERY MINERS, WELFARE TRUST NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Ac¢ountln8 pollcles (Continued) Legacies are recognised on receipt or otherwise if the trust has been notFfied of an impending distribution, the amount is known, and receipt Is expected. If the amount 15 not known, the legacy is treèted as a contingent asset. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic befit to a third party, it is probable that a transfer of economic benefits will be required in settlement, andthe amount of the obligation can be measured reliably. Expenditure Is classified by activity, The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertakin8 each activlty. Direct costs attr[butse to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attrlbutable to a single activity are apportioned between those actwities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed a55ets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recoEnised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and building5 Fixtures and fittTngs Not charged IO% RB and from 2018 IOYO SL The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activitie5. 1.7 Impairment of fixed a55ets At Èach reporting end date, the trust reviews the carrying amount5 of its tangible asset5 to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the sm[rment loss lif any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour c05t5 and those overheads that have been inctsrred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price Sess all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
NEWSTEAD COWERY MINERS, WELFARE TRUST NOTE5 TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Continued) 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, dep051ts held at call with bBnk5, Other short-term liquid investments with origin31 maturities of three months or le55. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Flnancial instruments The trLtst has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financlal Instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wlth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on a net basis or to realise the a55et and settle the liability simultaneously. Bo5icfinanciol assets Basic financial assets, which include debtors and cash and bank balances. are Inltially measured transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financin8 transaction. where the transaction Is measured at the present value of the future receipts di5COtJnted at a market rate of interest. Financial assets classiiled as receivable within one year are not amortised. Bcsicfinancial liubilities Basic financial liabilities, Including creditors and bank loan5 are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified a5 payable within one year 3re 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 liabilitie5 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are retognised initially at transaction prlce and subsequently measured at amorttsed cost using the effective interest method. Derecognltlon offinanclal liabilities Financial liabilities are dereco8ni5ed when the trusf s contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are recelved. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits,
NEwsfEAD COLLIERY MINER5, WELFARE TRUST NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltl¢al accounting estimates and Judgements In the application of the trust's accounting policies. the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent frDm other source5. The estimate5 and associated 355umptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptiDns are reviewed on an ongoing basis. Revision5 to a¢¢ounting estimates are recognised in the period in which the estimate is revised where the revision affects [v that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies unrestricted funds 2025 Unrestrlcted funds 2024 Donations and gifts Government grants Other 6,890 38,136 275 2,900 17,465 970 45,301 21,335 Grants receivable for core activities Gedling Borough Council 38,136 17,465 38,136 17.465 Income from charltable activities Unrestricted funds 2025 Unrestricted funds 2024 In¢ome from charitable artlvltles Hire, letting5 and service5 Food parcels Fundraising income 87,348 7,843 61,851 9,650 192 95,198 71,693 10
NEWSTEAD COLLIERY MINERS, WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading activlties Unrestricted Unrestrirted funds funds 2025 2024 Sales of goods and services 47,969 54,314 Income from investments Unrestricted Unrestrlcted funds funds 2025 2024 Interest receivable 77 77 Expendlture on ralslng funds Unrestricted Unrestrlcted fund5 fund5 2025 2024 Fundralslng and publictty Cost of goods sold 14,463 15,612 11
NEwsfEAD COLLIERY MINERS, WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activlties Unrestrirted Unrestrirted 2025 2024 Direct costs Depreciation and impairment Food pantry Bank charges Equipment hire Equipment, cleaning, repairs and maintenance Insurance IT support and website Legal and profe55ional fees Phone Printing, postage and stationery Rent and rates Wage5, national insurance and pension Sundry Utilities and waste Training 5,745 6,553 429 710 2,178 5.251 613 696 3,362 9,237 699 14,902 9,251 531 4,033 1,676 834 3,674 2,136 1,210 107 102,062 153 72,356 408 28,809 753 21,060 146,990 152,438 Analysis by lund Unrestricted funds Restricted funds 146,990 150,797 1,641 146.990 152,438 Net movement in funds 2025 2024 The net movement in funds is stated after charging/{crediting}'. Fee5 poyable to the charity's independent examiner.. - for the independent examination of the charity'5 financial ststements for other financial services Depreciation of owned tangible fixed asset5 700 3,300 5,745 2,974 2,178 12-
NEWSTEAD COLLIERY MINERS. WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 10 Audltor's remuneration Fees payable to the charity's auditor and associates: 2025 2024 For audit servl¢es Audit of the financial statements of the charity 700 700 For other 5ervFces All other non-audit seNices 3,300 2,974 11 Ttustees None of the trustees lor any persons connected with them) received any remuneration or benefits fran the trust during the year. 12 Employees The avera8e monthly number of employee5 during the year was: 2025 Number 2024 Number 312Q24:4) ofthe above employees participated in the Defined Contribution Pension Scheme5. Contributions to the employee pension schemes for the year totalled £1,20012024:£1,6671. The total employee benefits of the key management personnel ofthe charity were £47,461 {2024:£50,6411. There were no employees whose annual remuneration was more than £60,000. 13 Other expenditure Unrestricted Unrestrlcted funds funds 2025 2024 Flnancing costs 940 14 TaxatSon The charity is exempt from taxation on its activities because all it5 income is applied for charitable purposes. 13-
NEwsfEAD COLLIERY MINERS, WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 IS Tangible fixed assets Freehold land and bulld1$ Flxturesand Total Cost At l April 2024 Additions 1,293,173 124,668 1,417,841 74,513 74,513 At 31 March 2025 1,293,173 199,181 1,492,354 Depreclation and impalrment At l April 2024 Depreciation charged in the year 476,504 109,210 5,745 585,714 5.745 At 31 March 2025 476,504 114,955 591,459 Carrying amount At 31 March 2025 816,669 84,226 900,895 At 31 March 2024 816,669 15,458 832,127 16 Stocks 2025 2024 Stock 718 718 17 Debtor5 2025 2024 Amount5 falling due wlthln one yÈar: Trade debtor5 Accrued income Prepayment5 13,944 12,829 15,890 5,481 5.102 14,071 42,663 24,654 14-
NEW5TEAD COLUERY MINERS, WELFARE TRUST NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 18 Credltors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals 1,491 20,709 3,202 72,166 4,586 15,277 1,652 2,377 97,568 23,892 19 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to speclfic condition5 by donors as to how they may be used. At l April 2024 Resources At 31 March expended 2025 256 256 Previous year: At l Aprll 2023 Resources At 31 March expended 2024 1,897 (1,6411 256 20 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific condition5 by donors and grantors a5 to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l April 2024 Incomin8 resources Resources At 31 March expended 2025 General funds 839,027 188,545 1162,3931 865,179 15-
NEWSTEAD COLLIERY MINERS. WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestrirted funds (Continued) Prevlous year: At l April 2023 Incomlng resources Resources At 31 March eJ(pended 2024 Land and Buildings General funds 816,668 41,349 816,668 22,359 147,419 1166,4091 858,017 147,419 1166,4091 839,027 21 Analysis of net assets between funds Unrestri¢ted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assets/lliabilitiesl 900,895 ¢35,7161 900,895 {35,4601 256 865.179 256 865,435 Unrestrirted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible as5et5 Current assetsllliabilitiesl 832,127 6,900 832,127 7,156 256 839,027 256 839,283 22 Related party transactions There were no disclosable related party transaction5 during the year {2024- none). 16-