CHARITY REGISTRATION NUMBER.. 701662 Thirsk and Sowerby Swimming Baths Charity Financial Statements 31 March 2025 CHIPCHASE MANNERS Chartered Accountants& statutory auditors 384 Liiithorpe Road Middlesbrough TS5 6FiA Thirsk and Sowerby Swimming Financial Statements aths Charity Year ended 31 March 2025 Page Trustees, annual report Iiidependent auditor's repoit to +he members Statement of financial activities 10 Statement of financial kiosilion 11 Note< to the financial statements 12 Tho following pages do not form part of the financial statements Detdiled statempnt of finaricial activities Notes to the detailed statemen.t of financial activities 21 Thirsk and Sowerby Swimming Baths Charity Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the financial statements of the charity for the year ended 31 March 2025. Reference and admlnlstrative details Registered charity name Thirsk and Sowerby Swimming Baths Charity Charity registration number 701662 Pn"ncipal office North Yorkshire Council County Hall Northallerton North Yorkshire DL7 gAD The trustees Trustees Representing North Yorkshire Council: Cllr G W Dadd Cllr D Sladden Representing North Yorkshire Education Authority: Vacancy Representing Thirsk White Horse Swim Team: Ceased to represent from I, April 2025 Mrs L Summers Representing Thirsk Town Council: Resigned from l July 2025 Cllr D Jackson Representing Sowerby Parish Council: Cllr M S Robson (Chairman) Representing Thirsk & Sowerby Flatts Preservation Trust: Representative by invitation only- Mr G Ellis Auditor Chipchase Manners Chartered Accountants & statutory auditor 384 Linthorpe Road Middlesbrough TS5 6HA Bankers Lloyds TSB Bank PIC 118 High Street Northallerton North Yorkshire DL7 2UU Thirsk and Sowerby Swimming aths Charity Trusteos, Annual Report {etsotinu•dl Year onded 31 March 2025 St¥ucture: uovernanc¢ and mAn4g¢ment -rhe Lhaiity's (JbieclR and regEilation£ are regulalod by a sclieTfie dated 10 Ma¥ 1988 Jrid undèr that ". ie. It Is constilijied a¥ ai j UPilP.fofryfjl"alc,.l assorialion. The Ci',arily is r¥iaiiaged by a boryimiTlee of Iidslees a[JpLl5ntÉ￿d Ifi r)c(=orddrTrce witri Sec"IIoiJs 8 OÉ the C,h¢irity' Comi'nissii)n Sch8infr dated 1LI X4ay 1988 1'h6, Ii'ijstees nidkel yeariy lo consider rnaior decisii)Ii% a.ffecl511g t4e Ci)arity witri day.to-day de2ision< being delcoated lo Ihp pi'io.¢ipa', tiffi=ers appoiiitf.,d fi-om No￿.￿, Yorrfsb.Ii'p L4oiic','5 Loui)Lillor lJ.F Robson ICrÈ..?,11 niani repl(Ir-ed Councillor Mi. G Frdn(',e on 23 JdP,Udiy 2024 as RepTetserilative for Sowpfby. pai.ish Coiincil and ieiii£iins as ri',r¥h. 'l-ov4D. LJLlfi¢il oi,, the l Si Jiiiy 201 5 alid '"nhii'o. (".()u_YL.,l Uni;GlTr Authority Ihe same maiiagemenl aii'angpinp?Is vlill sljll be Ir, place Ihitl? the coiiliv,iJing authority Thirsk and Sowerby Swimming Baths Charity Trustees, Annual Report {COn14nuod) Yoar ended 31 March 2025 A¢hievement5 and p¢rforman¢¢ Gofllpdfcltive. informaiioq Is striowr, belfjw.. 2026 3C- fj L53 2024 2023 2022 Public Swimr,iing Scliools and Cliibs SwifTiS linc, parties ari(1 galc)Sl Sviiin Lessons lino pre-%cfiool I 7_p.st Miscellanpous 19.519 4.800 82.354 2fi 033 55 Total 168.617 148.e)50 130,166 .274 The annual customer dsei survey [20251 res ts ctre. hiur..Iighied below "/0 tioorfj or %at15fied 2025 Po£ilioil Cleaiiliness Custom*1 ¥Servic.e MEI',rileiiance, member￿11[p￿ F riL-.InrJ Pi'o(JraiDn',:.n1 95 96 89 84 Satisf8Llioii rates are b.Igr¥es1 iri ff)ernberslilPS. nldifilen8nce nt< ￿or..1￿,,& l11slh tlie Iiaiiti¥4% Act 2411 tlie dl)r)Iir.ahlè (:riclfil',es IA,... -punt% ai',d Rc-PilT-t5 j FRc-,Ji Ildlif)r,s aid il PfUVl%lOlI': Q)! Ihe TILiql Deod. Tkiey dre also respo1i.55J￿1e for s,Jl@giiaiding (lie a%selts of ihe cliari',y aiiol It.,nLe ior taking I'oaEonaDie steps for thp prevention. arid detection of Firaud ap.rt ulther Iri'&giilari!jps. T!The Irusle'es, annudl roport was approved f)n 20 daniiary 2026 and oigne.d tsi,. bpnall of thv. boai(J ol Iruste?& l)v Lllf M £ Robsun Ichairniaiii rrL141eo. Thirsk and Sowerby Swimming Baths Charity Indopendont Auditor's Report to the Members of Thirsk and Sowerby Swimming aths Charity Year ¢nded 31 March 2025 Opinion Vlip. liave. aud':ted the financial tslalo.merils of I'liirsK ana ooweiby Swirriniiryg Baths Ctridrity Ilhe 'rharily'I for Ihp year ended 31 Marrh 202,1 vihich i-.omDrise Ib.? stLaliiirenl nf firiane181 ¢iclivilies. staieiTer..l of fina*cial PQJSil,f}P, ?¢ r,¢J tli#> rfrlalèd *trJ'.es :.YriU and aoplii-alion of resoiirce5, inf;ItJding ils Incnme dnd e.xpendiliJrp for the yeJ,- tiiei? ?rid-d, - pi)lèd havp been prop.pr,I i)rr'j)ai'e)d ID. ar,-oi'dancg wil*1 Unsleij Kingdorrl C..eY4 e',ally Ac-.., Acc.oiuntii)g Practice. Iiave been preparpij in accordaiice witli t!ie req1￿[reme1}I$ of Éhe ch3ritip8 ALI 2011. Basis for opinion ￿￿(- coniJ1.'.r.lei# oiir aiJil.'t Iii 4(:"n.I 14anc.p biJilr.J Int&rrTr,- '.l?< l . ()11 Audilj!Ig i LIK? 11.%As l UKI,, and applical)le law. Oui respons,.biiilies undpr thosis slaiidards cTrre furtlier described in IhL' audilors responsibilities for the aiidit OT tne flnancsal statements %ec.Iion of oui. rei)ort. We are indè.ppr,deiit of 11?p. ch4rity in acLofdan¢e with the elhioal xoquir¢iiienis that are relèi'aril to our 8.'&dit of Ékie f"'iiano.j>l és' use uf the going conrern abis Oi avrounting iri the prppdration of the f5fiancial stalLTrmeiil8 fs app", OF,riale. Based or, Ilie. work we havo pprfi)rw,ed, we Pi41'e not, "denlified any malprial Linr.ertaintlP*%i relalino lo events or conAvilioris that, iiièJividuasly noller,livel/, may cagl qiynificanl doubl oi? tne vharity's abiliiy to continue as a goiI)g concern for g perioo of at least twe5ve m()nlh8 from when Ihe Iinan(;ial statemenis are authorised for Issue. Our rpsponsibilities and the responsibililies of the Iruslees with respect lo going concern are debcribed ID the relevant sections ol this re.port. Thirsk and Sowerby Swimming Baths Charity Indopendont Auditor's Rgport to the Membors of Thirsk and Soworby Swimming Baths Charity 11.'ontiniJ¥d Year gndod 31 March 2025 Oth•r inftsrmation l-he othpi tiiforma,1011 ￿Q,ryiprI￿e,S Ilie Ir4forrp,alioii incliided Iri ili? annua5 rtypos otlii'f than iiibTr f:.ndncial slalf¥mep.Is i?nd Qui aiiditor % feFI()rt Ihe.reori The tru¢lees are re.syons,,blts for th¥ olhei Iiifnrniat',on. Ots'i c'pinioii op. Ihe IinanLial sla,ementg does riot oover EIIL2 olhor Iriforinatiop. and pxr'ént ICL +he tsxt6)tit olhepN',se explityilly sl:?lt:d IT) Oijl [￿port '.%e oo not exoress aiiy forni ol assi&l¢lP.ce conclusioft tliere,iJii. In coniieciion with our audit of tnts fit¥anLial %lare.nieii Is ollr iespongibi5ilJTr is lo I'eau Ib7p 'Jlh.er Inf()I 14ryiion anu In dciiig so. Lon.%idev wticJtliiJf trlher il)foi maliop, Is I:":aieFiaily iiicoiisisleni with Ilie linan.c.iai statem*iits or i)iir knf)INleoge obta*¥'ied iri the audit (>r 4?Ineiviise ap￿￿arS lo InalLJiially mi￿51£11e￿. Il wo ,"diJ[}Fify su¢h rnatei ial iiiconsistL?ncies of apparaiil Ir.aiei'i81 nilsst￿lernp￿($. we die requireJ lo del-.I'i?',jl'￿l... Wtieltior Ill&F¥ IS & -naieii- ',1%sldtprTr yL',Trl Ir,. Ikie fTri ianclai >lalt.iiipnl¥ Oi a mdierial IY',IsslateMp￿1I ol ilie other iTrlormation. If based (in the ¥voik we nave perfofiièd. we cop.c,Itide tha* there Is a material misstatement ol Ihis oller irylOI IY181ion. we 8ie i equ5rcrt ID report t173t lacl. We natrd. iioiliip.g lo ripi)li In Ilii.% iege31d Matters on which we are required to report by ex¢eption Ir, Ilie Iifihl ()1 the Kn.•¥vlp.dgC' cind iiiidp.rslandiiirJ Jf 1118 chdlity and il< environnieril obldineii ir, Ili LOUI'se ()1 tlTr. audit. have ilol Ideri+ified male.rial IYIFsslatei;ientS 51) the Iru%l¥e¥ report. W? hav6, notliinij to IPl3f)ri Iii re.fjpprl ol I',7￿ following mallerL' Ill I'£)lalioi'i lo which the Criai"Ilies Ai".1 2011 1'e(iuirEJs iJ% Ici I'¥.J[iO!'I I:) you Il. in our (iiiiniofl.. Ih£'. inf*rm¢ryliori yiwp.n irF thg. Irii8ieeg' repnit 1> IiILoii&isleiii 111 &4ny niate.ridl respect wilb. tlie finallcidl ¥tdtein&.I',Is. or adeqiidle aCdj'GtJnling rr.ro¥d hdve iTrnl beL'n kèpE. or th¥ finan¢Ft¢41 slate.IrentS dre n.c.I In agfeeDILJni with Il)@ acc.Oilniiig rercicls aiid ieturns, 01 we I iaiJè. rEOt rec¥.￿ond all tyie iliT'UI malioii arid expl(Iiiatioiis wc; r,.. gliiie Io,, Ollf &udil Rosponsibilities of truste*s A% pxi)lairieil morp fL'lly ip.. tTr.￿ Iiiisteos resp(In5ibili!ies o13teinent the triislee.% are reo.:i)oiisib14¢ for tlie pi e!)drai ion uf th* lillanriai s j31eintri?tS ds a wlicl Oui" obie(-Iives are to obtain reasonaDle assuraTr.- are. free. from MaI￿rIal misstal?rrieiit, ¢w'l)plhei due to trii&d or F.IlQf dnd lo Is%iie. an 3110ilor .) re.port IhaT ir)cludLS OLif <)PlYi ion Reaso,'iabie 8¥¥iiraFlrf=* 18 a Iigy? ievc,. ,,1 as%iJfcllCP. bdl Ik Iicl a gLiaiaiilrtsè. ttyat an auoil c￿nduC[￿a iri accoidanc.& wiltri ltsAs (UK) will always detect a material ni.Issla+èyip.n.t 'wheri It t-Xi£ts Mi%qtate.nieiitS knan arise from fraijd o,. erfor and are coosidered rnalerial IT. individiially or ir.. Ihe. au Ji r- Jb.: Oiilil -e-%oriab',I be exppi-l£.d to Infiuèritsa Ihe economic d?cisiop,s o, bd%iS o,f the.se fiiiaiicia.I stale:.n&nts Irre'Ji.'..L ritl*.4 Ip.(..IiJdi!ig *;.21 Icl are. OF nDn_coirip1iancL. ".rt¥ith lit v.io dnd requ141ron£ Wt. ae%ign proceK1ures ".n li¥ie. witli our resporsgibilitip.s. 01sllined above, to detect nidte. ial InisstaieTent% in I"especl of ir!eg'uiKsrilip%. inrwiiidino f5"au,4. Tlie exlerii lo which our priJcediifÈS are c.apable of detectiig ' i egularilies. inciiidip.fj fiaLid Is iiptdilpd 4kne.loiv The obifaclives ol oiir aisdil arè. to Identify iyrid as%ess th&, risk r)f material mi>Statemv.nt of tlTr# fiiiaririal staleinpnls diip lo fr.iud F r.lroi 11 is alsni our objective. lo ob:.,4111 ouffii.5o.ni £gporopridte, audit eviV.e!-:r-e Il 'i'id réhQPi)nd 98 app.r'opriale + Ib,ei'¥? Lvpii trlioi i Jb. cin iiijdil 1> piaiirie.d aiid peiforniÈd ',n accorOanr,J with the. ISAS IUKI, an dudil has an unavoidable risk thal lnate.rial mis%latp.menlvi In the. fiD.ancial stalemenis ryiay not be detected In Idenlifyifiq arid Liggessing the iisk of niateriol niiRst3tement in respect of irregularities. Including fr811d. our dLidii prrjcedures Inclb'ded the following" (Iblaineil ali iiridèrsl4ni1￿nll ol Ilie legal and rp.gulatOfy Iramework$ 8pplir.able to tl)I, chaiity and the eiivironment iii wnicn they oparate We obiaified ali uiideisfraniAii'ig of b,ow the chariiy ensures trioir crynipliar)ce. vJiEli Ihe applic?blp legal and regiilslc.ry iram£kworks inrougl ii?quiriLJs lo Ilitr maiiagemenl and Iliose chdrg&d With onaouririq £uch Gonipliance Wiiliin the Lharily. IAle corroborated nuf Inquiries thro￿gh J review of lYarisar4iions within tile. financ.ial qtalem64nls th?.t wei"e lin'Ked Io c.lJniplÈance. v41ih 12ws and regulaliniis. We also re¥i?wed any auaiialilp tioard minutes. Wc& assessea the susceplir)ilily c)f the knnarily's fincinciai stalenienls lo mJlerial niiiStcile.Inenl kvilh rèyai'ds lo how li aud rriighl oor.lir Audit pi-oc£3L4ure8 perforrried by the team InclL*ded'. l(Jentifying and a%se.58iny Il)e. effectivpi)ess of c￿ntrOlS 11)e rn8nagemp.nt ol th? charity hgs in place lo delecl arid pre.vent possible frau(d". Understanding how those involvL>d with en%iiring coinpliatice corisidered and -ddre<￿>sed the pote.ntial overfide of rontrols or und(Je Il)fliience over the financial reprJils'. Challenging any major asiiimptions and judgenierits IhS. Tliirsk and Sowerby Swimming Baths Charity Indopendont Auditor's Report to thg Members of Thirsk and Sowerby Swimming Baths Charity lconfinuodi Year ended 31 March 2026 As Pdrl of an audit In aecordance with ISAS IUK.I we exeicise professional jijdgriieril and m8lf?tdin prolessigiTral sceplii;Isrv, frb,roughoi.'t the aiJOIl We aiso. Identify tind as%LA55 Ihp I'.%k8 of male.riap ITiissl8lemeiit l.le liiiap.Cia:. 14ttJYènls, whÈlh4Jr due lo fraud or e.rror desigri arid pertor171 au(Iit proctsdurps r&sporisitre ilJ those risks ana obldil'l audil evidence IlTrat is 4uffiL4&nl dnd apv rorJriale. io provide a basis foT our opinion Tha risrf r)f not detecting a M￿[erial rv.Is%taleinent rÈ,.£ulliryq from fraiid Is hlotrier than for Ole ieJuiling froiTI erfor as fraud Iray Invo,ve collusioii foi'gery, irilentional omiS3iOnS tyiisrepreseiitations. or the. override of Inierna5 conli'ol. Oblaio an i,ndprslcln,4ing of Irst￿rri￿r rootio, Fele'danl to Ikie ulidil In ordi￿r lo dè¥ioir,' aiJdil eduieo Ihal al'e aoipfJpria,'e Ir+ thlu Cifcunistances. Dui not foi Ihe purpose of expreasing an opifliors on the fr,fferliiJersess of the internal crJntrol &.valLiale the approprialeii&si 'Jl accounting po)liLie% iised and the ¥easor?ableneo8 of acuounling esliryiale.8 and roiio led disclogures made. by tt.,?, trustees. C.Jiic.Iiiile. (sn ttie <3ppropria*&).rTets of t4e IriJslp#s' I,:fie OF thè (Joiiig r,Dncprp JGi%1￿ C>f aci'ouiiling and l)4sèd oil Ilie audil evidenr? ot)ta',p.pd. whether a material Linc.'értainty exists r&.Ic?ied lo evepils Ji cor',dilion5 that may cast s1gnificanl doubl on tji&J ¢liaiic/ S cibility io o.ontiriue as a going ¢Oqknern 11 we, concludc. ib.al a matérioj nc-prlaiD.ry exist.? WÈ. arfr) reauirpd lo draw aitV.Filsori In Oiir auditor s I'eport lo tlic related disGtrOSi&ros In the findriL*ia iaterp.éril% i)r, If .%ucr.. disclosures are Inade.quate, lo InodFfy Ouf opinion. C)sJr conclu%ion% based ori ",ne aiJdit evidence oblaiiied up lu ':1)￿ Q(IIL' of uur 4iJr!itOi s re.port_ Hov4e.vef, futui'e Livenls or conditions Inay L4use the. Lliarity to CPdse lo Lorilinijp ￿$ a going conce", Évc51l53Èe ovej oll pres&nlatlJli. StruL'lure and Lcintenl of Ihe fip.ai 1r.ial s18leiF.è,ni£ j,'IcliJding Ine dii(:lrn¥ureo. ¢ifid ¥Nheihe'," financ.ial statvryi iètils repres¥l)l ille underlying IrdnsoicIIci'.Is eilltj evo.grs In a tTianrier thai dchi@.ves fair preser.lalior¥ Thirsk and Sowerby Swimming Baths Charity Indopendent Auditor's Report to the Members of Thirsk and Sowerby Swimming Baths Charity j¢ontinu¥dJ Year ended 31 March 2025 We comrriunicalp with thos* ctr5aigp.d *1slh governance regarding. ?I rnoncJ other matters. the planne.d ,R Iifidings. Inclyudirig any significant defi¢ie.ncies in o,Lope and tinTriiig OF tlie it iidil ar,d *igil,.ficaiil atidè+ g Iiilerrial Irol Ihal Idenlify during our aLtdil. Use of our rtport This :"epofi is ma.de sole.ly lo tbie chafliy s metr,.be', s. as a bi)iiy, ill acLnrdanve with %ecliofl 144 of the ch.arities Act 2011 and reijulalions made Iitnder serlion 154 of Ilia, ALt. Our aiidil K'ork has been 'dridpri8ken so Ilial Vie might sl£?te lo thè. chcirity 8 mosmbers thG'Sé matters we ar8, roouired lo s+4Le to th#m an (¥udiloi' s report ar,d *oi r)ri othèr pJrpose. T() ;ne fiii,ést extent peim,,Iled by law: we do not accLapt 01 assijme responsibility lo anyone otrier Ihan the charsty ar.,d the r.harity'S members as a body, lor Our <5udil bvork, for th2S ieporl. or for ilie L'DIViiofi% vle riave fGfwr Christopher G"orman I-CP. trCfA (Senior stali.4lof/ Auditorl Fknl and OFI behalf of Chipchase Manners Cnartered Ac,couiitant% & slatuloiry auditor 384 LintliorpL) Ro¢?d rv1iddlesbrrJugh Tsfj 6HM 20 Jariuary 20?6 Thirsk and Sowerby Swimming Statement of Financial Activiti95 aths Charity Yoar ended 31 March 2026 202S 2024 UDreslricled funds P.es[￿rI.Ied fL'iids Total lunds Totèi funds Note Incom¢ and endowments C>rap.t Income Lharilable aclivlties lnveslme.rit iv.come 229,66Q 1 136.?44 220 069 1.136244 1 355 211.447 999.160 Total in¢ome 1 367,268 1.i87.268 210658 Expenditure E.x{ieD.dilure oi) charitable. activities Total expenditure 7,8 11 2¢..5 91al 11.365.913> 11 210 607) (1.365,9131 [1.210.607) 11.365 912 Net income #nd net movement in ltsnds 1.355 51 Recgn¢iliation of funds Total fLinds ÈJro¥Aght forward Total funds Qarried forward 26 4.782,4QO 4.782 759 4 782.108 1.624 4.A82.490 4,784,114 4 782 759 Tlie sldtemenl of finaiicial activitie.s Incliides all gains and losses yecoqnised in Ihe year. All Income and expenVlties 13_792 1,112,100 13.792 1,112,100 10,352 12.069 978.559 8,532 12,069 978.55g 8.532 1,136,244 1,136,244 999, 160 999.160 Investment income Unrestrscted Total Funds Unreslri¢ted Total F uryds Funds 2025 Funds 2024 Bank interest ieceivdble 1.355 1,355 51 51 Expenditure on charitable aetivities by fund type Unresiricled To¢al Funds Unrestricted -fotal Furids Funds 2025 Funds 2024 Coritracted services Siipport C.08ts 1,136,244 229.669 1,136,244 229,66Q 999.160 211,447 999,160 211.447 1,365.913 1.365,913 1,210,607 1.210,607 Expenditure on charitable aetiYiti¢s by activity typ¢ Activities undertaken directly Support Total lunds costs 2025 Total fund 2024 Conliacted services Governance costs 1.136.244 1,136,244 229.669 999,160 211,447 229.669 1.136,244 229.669 1,365,913 1.210,607 Analysis of support costs The below shows a breakdown of the support and goveriiance costs.. 2025 2024 Audit fees Irrecoverable VAT 5,000 224,669 4500 206 947 229,669 211.447 16 Thirsk and Sowerby Swimming Baths Charity Notss to thg Financial Statements (contlnu#dJ Year ended 31 March 2025 10. Audtt¢rs remuneration 2025 2024 Fees payable for the audit of th.e financial statements 5,000 4,500 11. Staff costs The charity does not have any employees and therefore has no staff costs. All of the staff involved In the operation of the swimmip.a baths are employed by North Yorkshire CouriLil IHamb*eton District Council in the prior yearl 12. Trusttt Temuneratton and expenses Ther&1 was no trustee remuneration ID. the year. No Iruslees received any expefises during the year12024. nil}. 13. Tangible lixed 455ets Freelold property Fieehol(i land Total Cost At 1 April 2024 and 31 Mar¢h 2025 Deprt¢iation At 1 Apfil 2024 and 31 Mar¢h 2025 Carrying amount At 31 March 2025 4.504,490 278.000 4,782.490 4 504,490 278,000 4,782.490 At 31 March 2024 4,504.490 278.000 4.782,490 Tangible fixed assets htld at valuation On 12 April 2023 ttie abové property was valued by an independent valuer Align Property Partners {Mr G Tyermari MRICSI The overall valualiori was £4.782.490 as seen above which C3n be calegorised as the building element with a value of £4.504.49012024 £4.504,4901. and the site element with a value of £278.000 12024. £278.0001 The trustees are of the opinion Ihat the value of the property has not changed materially lo the year ended 31 March 2025. A further valuation is scheduled in line with a five-year plan. for 2026127. The leg81 ownership of the land and buildings listed above is with The Thirsk and Sowerby Flatts Preservation Trust. whom act as a cijslodian trustee of Ikie unincorporale(J charity. The beneficial ownership of the laiid and buildings is with Thirsk an¢J Sowerby Swimming Baths Charitv 16 Thirsk and Sowerby Swimming Baths Charity Notes to the Financial Statements Icootinuedl Year onded 31 March 2025 14. D•btors 2025 2024 Trade debtors 64,535 63,141 15. Creditors: amounts falling due within one year 2026 2024 Trade creditors 64.535 63,141 16. Analysis of ¢haritabl¢ lunds Unrestrict•d lunds At Income Expenditurè 31 March 25 At 1 Aprjl 24 Gefieral funds 269 1,367.268 11:365,913} 1.624 Al Iricome ExpenditLSre 31 March 24 At 1 April 23 General funds 228 1 270.6S8 11.210.607) 269 Unrestricted funds are expendable al the discretion of the trustees lo further the objectives of the charity Restricted funds At Income Expenditure 31 March 25 At l April 24 Ffeehold Property Fui nd 4.782,490 4,782.490 At Income Expenditure 31 March 24 A11 April 23 Freenold Property Fund 4,782,490 4,782.490 The Freehold Property Fund represents c8pilal funds whereby the assets, which In this ca