COMPANY REGISTRATION NUMBER: 02494406 CHARITY REGISTRATION NUMBER: 702897 

Millom Recreation Centre Limited Company Limited by Guarantee Unaudited Financial Statements 31 July 2023 

SAINT & CO Chartered accountants 12/13 Church Street Whitehaven Cumbria CA28 7AY 



## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Financial Statements 

## Year ended 31 July 2023 

||Page|
|---|---|
|Trustees’ annual report (incorporating the director's report)|1|
|Independent examiner's report to the trustees|4|
|Statement offinancial activities (including income and expenditure account)|6|
|Statement offinancial position|7|
|Notes to the financial statements|9|
|The following pages do not form part ofthe financial statements||
|Detailed statement offinancial activities|21|
|Notestothedetailedstatementoffinancialactivities|23|





Millom Recreation Centre Limited 

## Company Limited by Guarantee 

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

## Year ended 31 July 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 July 2023. 

## Reference and administrative details 

|Registered charity name|Millom Recreation Centre Limited||
|---|---|---|
|Charity registration number|702897||
|Company registration number|02494406||
|Principal office and registered|Lancashire Road||
|office|Millom||
||Cumbria||
||LA18 4BX||
||England||
|The trustees|||
||M Giles||
||N Tomlinson||
||| M Kirk||
||D Billing||
||JS Cairns|(Retired 15 November 2022)|
|Company secretary|DE Tyson||
|Independent examiner|lan Scott BA(hons),FCA,DChA Saint&|& Co.|
||12/13 Church Street||
||Whitehaven||
||Cumbria||
||CA287AY||



ans 



## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

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

## Year ended 31 July 2023 

## Structure, governance and management 

The Company is a registered Charity limited by guarantee. The Charity was incorporated on 20 April 1990. 

## Risk Management 

The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks. 

## Key Management Personnel Remuneration 

The trustees consider the Board of Trustees and the manager as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. 

The pay of the charity's manager is reviewed and assessed in accordance with average earnings. The remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles. 

## Objectives and activities 

The objectives of the centre are to provide or assist in providing facilities for recreation, physical education or other leisure time occupation in or in connection with Millom and its neighbourhood. 

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. 

## Achievements and performance 

The Chair thanked everyone for their support during the last financial year. It has been a difficult and uncertain time for us all, but if we continue to work together as a team, share the workload and stay positive, we can continue to provide a sport and recreational facility for our community. 

## Financial review 

Following a deficit for the year of £47,688 there wasa total of £74,941 in net assets on the general fund and £11,052 on the restricted fund. 

## Reserves Policy 

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to about twelve months unrestricted expenditure plus an allowance for any forecast shortfall on project expenditure. This provides sufficient funds to cover management and administration and support costs. 

ny Ie 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

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

## Year ended 31 July 2023 

## Plans for future periods 

The Centre will continue to provide services to Millom and the surrounding areas, including gymnastics, climbing and activities during school holidays. The Centre will continue to work in a safe and compliant manner, adhering to all Health and Safety company policies. The year ahead will see the Millom Town Deal interacting more with MRC's Management team, as they move forward to work on the operating for the New Health and Wellbeing Centre. With our knowledge and expertise, we can give our support to this. As the Millom Town Deal continues to work on a new facility, we can only help to support this and continue to provide a much-needed facility at Millom Recreation Centre. 

## Small company provisions 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees’ annual report was approved on 21 May 2024 and signed on behalf of the board of trustees by: 

M Giles - Trustee 

wD 



## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Independent Examiner's Report to the Trustees of Millom Recreation Centre Limited 

## Year ended 31 July 2023 

| report to the trustees on my examination of the financial statements of Millom Recreation Centre Limited (‘the charity’) for the year ended 31 July 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, | 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 | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent examiner's statement 

| have completed my examination. | 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). 

-4- 



Millom Recreation Centre Limited 

# Company Limited by Guarantee 

Independent Examiner's Report to the Trustees of Millom Recreation Centre Limited (continued) 

## Year ended 31 July 2023 

| 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. 

lan Scott BA(hons),FCA,DChA Saint & Co. Independent Examiner 

12/13 Church Street Whitehaven Cumbria CA28 7AY 

iB is 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Statement of Financial Activities 

(including income and expenditure account) 

## Year ended 31 July 2023 

||||2023||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|Totalfunds|Total funds|
||Note|£|£|t|£|
|Income and endowments||||||
|Donations and legacies|5|12,456|40,539|52,994|56,342|
|Charitable activities|6|117,434|(1,522)|115,912|118,852|
|Investment income|7|120|=|120|202|
|Total income||130,010|39,017|169,026|175,396|
|Expenditure||||||
|Expenditure on charitable activities|8,9|167,165|49,550|216,714|175,082|
|Total expenditure||167,165|49,550|216,714|175,082|
|Net (expenditure)/income and net||||||
|movement in funds||(37,155)|(10,533)|(47,688)|314|
|Reconciliation offunds||||||
|Total funds brought forward||112,096|21,585|133,681|133,367|
|Totalfundscarriedforward||74,941|11,052|85,993|133,681|



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 9 to 19 form part of these financial statements. 

“6 



## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Statement of Financial Position 

## 31 July 2023 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|2023|2022|
|Note|£|£|£|
|Fixed|assets|
|Tangible|fixed|assets|14|31,126|23,185|
|Current|assets|
|Stocks|15|1,500|1,500|
|Debtors|16|1,502|23,272|
|Cash|at|bank|and|in|hand|56,962|91,748|
|59,964|116,520|
|Creditors:|amounts|falling due|within|one year|leg|5,097|6,024|
|Net|current|assets|54,867|110,496|
|Total|assets|less|current|liabilities|85,993|133,681|
|Net|assets|85,993|133,681|
|Funds|of the|charity|
|Restricted|funds|11,052|21,585|
|Unrestricted|funds|74,941|112,096|
|Total|charity funds|18|85,993|133,681|

**----- End of picture text -----**<br>


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

## Directors' responsibilities: 

- e 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; 

- e 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. 

The statement of financial position continues on the following page. The notes on pages 9 to 19 form part of these financial statements. 

=7'= 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Statement of Financial Position (continued) 

31 July 2023 

These financial statements were approved by the board of trustees and authorised for issue on 21 May 2024, and are signed on behalf of the board by: 

M Giles Trustee 

The notes on pages 9 to 19 form part of these financial statements. 

aR 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements 

## Year ended 31 July 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 Lancashire Road, Millom, Cumbria, LA18 4BX, England. 

## 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 Charity has taken advantage of the exemption in the Financial Reporting Standard No1 (revised 1996) from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity. 

## Going concern 

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

## Disclosure exemptions 

The charity has taken advantage of the disclosure exemptions permitted by the Charities SORP 2015 (FRS102) regarding the inclusion of a Statement of Cash Flows as the Charity is a small charity as defined in Update Bulletin 1 of the Charities SORP (FRS102). 

2'9'< 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

Year ended 31 July 2023 

## 3. Accounting policies (continued) 

## 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. 

## Significant judgements 

The trustees consider there were no significant judgements in preparing the financial statements. 

## Key sources of estimation uncertainty 

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The trustees consider there are no key sources of estimation uncertainty. 

## Fund accounting 

General funds are unrestricted which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Investment income and gains are allocated to the appropriate fund. 

<I 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 July 2023 

## 3. Accounting policies (continued) 

## 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: 

- e 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. 

## Resources expended 

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. 

Costs in respect of charitable activities relate to the operating costs of running the recreation centre. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. 

## Tangible assets 

All fixed assets are initially recorded at cost. 

## 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: 

Fixtures and fittings - 15% reducing balance Equipment - 20% reducing balance 

esa 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 July 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. 

## Stocks 

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. 

## 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. 

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Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 July 2023 

## 3. Accounting policies (continued) 

## Financial instruments (continued) 

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. 

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. 

## 4. Limited by guarantee 

Every member undertakes, if the company is dissolved while he or she is a member or within 12 months after he or she ceases to be a member, to contribute such sum (not exceeding £1) as may be deemed of him or her towards the payment of the debts and liabilities of the company incurred before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and the adjustment of the rights and of the contributories among themselves. 

## 5. Donations and legacies 

||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2023|
||£|£|£|
|Donations||||
|General grants and donations|12,456|25,539|37,994|
|Copeland borough council - service level agreement|-|15,000|15,000|
|Covid 19job retention scheme grants|-|-|-|
||12,456|40,539|52,994|



495 



. 

## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 July 2023 

## 5. Donations and legacies (continued) 

||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2022|
||£|£|£|
|Donations||||
|General grants and donations|1,621|38,692|40,313|
|Copeland borough council - service level agreement|-|15,000|15,000|
|Covid 19job retention scheme grants|1,029|-|1,029|
||2,650|53,692|56,342|
|Charitable activities||||
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2023|
||£|£|£|
|Hire of hall|25,352|(1,522)|23,830|
|Gym hire|2,762|-|2,762|
|Sun bed hire|25|-|25|
|Refreshments|2,371|-|2,371|
|Spinning|1,347|-|1,347|
|Clothing|12,598|-|12,598|
|Gymnastic fees|61,476|-|61,476|
|Fitness classes|8,965|-|8,965|
|Equipment hire and other sales|2,538|-|2,538|
||117,434|(1,522)|115,912|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Hire of hall|28,643||28,643|
|Gym hire|2,150|-|2,150|
|Sun bed hire|275|-|275|
|Refreshments|2,336|-|2,336|
|Spinning|1,290|=|1,290|
|Clothing|3,805|-|3,805|
|Gymnastic fees|67,955|-|67,955|
|Fitness classes|11,049|-|11,049|
|Equipment hire and other sales|1,349|-|1,349|
||118,852|~|118,852|



## 6. Charitable activities 

-14- 



## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continuea) 

## Year ended 31 July 2023 

## 7. Investment income 

||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|2023|Funds|2022|
||£|£|£|£|
|Building society interest receivable|120|120|202|202|
|Expenditure on charitable activities by fund type|||||
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||f|£|£|
|Charitable activities||163,731|49,550|213,279|
|Support costs||3,434|-|3,435|
|||167,165|49,550|216,714|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||£|£|£|
|Charitable activities||117,736|53,692|171,427|
|Support costs||3,654|-|3,655|
|||121,390|53,692|175,082|



## 8. Expenditure on charitable activities by fund type 

## 9. Expenditure on charitable activities by activity type 

||Activities||||
|---|---|---|---|---|
||undertaken||Total funds|Total fund|
||directly Support costs||2023|2022|
||£|£|£|£|
|Charitable activities|213,279|-|213,279|171,427|
|Governance costs|-|3,435|3,435|3,655|
||213,279|3,435|216,714|175,082|



## 10. Net (expenditure)/income 

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

Depreciation of tangible fixed assets 

|2023|2022|
|---|---|
|£|£|
|7,730|5,734|



ai Sie 



## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continuea) 

## Year ended 31 July 2023 

## 11. Independent examination fees 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|2023|2022|
|£|£|
|Fees|payable|to|the|independent|examiner|for:|
|Independent|examination|of the|financial|statements|3,432|3,654|

**----- End of picture text -----**<br>


## 12. Staff costs 

The average head count of employees during the year was 8 (2022: 8). The average number of full-time equivalent employees during the year is analysed as follows: 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|2023|2022|
|No.|No.|
|Number|of|administrative|staff|7|7|
|Number|of management|staff|uJ|1|
|8|8|

**----- End of picture text -----**<br>


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

## 13. Trustee remuneration and expenses 

During the year Mr | Kirk (a trustee) received £20,749 (2022: £18,128) for services provided to the charity relating to gym sessions for the charity’s beneficiaries. The amounts charged were at an arm’s length. No remuneration or other benefits from employment with the charity or a related entity were received by any other trustee. 

-16- 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 July 2023 

## 14. Tangible fixed assets 

|||Fixtures and|||
|---|---|---|---|---|
|||fittings|Equipment|Total|
|||c.|£|£|
||Cost||||
||At 1 August 2022|8,406|87,486|95,892|
||Additions|-|15,671|15,671|
||At 31 July 2023|8,406|103,157|111,563|
||Depreciation||||
||At 1 August 2022|7,545|65,162|72,707|
||Charge forthe year|130|7,600|7,730|
||At 31 July 2023|7,675|72,762|80,437|
||Carryingamount||||
||At 31 July 2023|731|30,395|31,126|
||At 31 July 2022|861|22,324|23,185|
|15.|Stocks||||
||||2023|2022|
||||£|£|
||Raw materials and consumables||1,500|1,500|
|16.|Debtors||||
||||2023|2022|
||||£|£|
||Prepayments and accrued income||1,502|23,272|
|17.|Creditors: amounts falling due within one year||||
||||2023|2022|
||||£|£|
||Accruals and deferred income||3,977|4,399|
||Social security and other taxes||1,120|1,625|
||||5,097|6,024|



-17- 



Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 July 2023 

## 18. Analysis of charitable funds 

|Unrestricted funds|||||
|---|---|---|---|---|
||At|||At|
||1 August 2022|Income|Expenditure|31 July2023|
||£|£|£|£|
|General funds|112,096|130,010|(167,165)|74,941|
||At|||At|
||1 August 2021|Income|Expenditure|31 July 2022|
||if:|£|£|£|
|General funds|111,782|121,704|(121,390)|112,096|
|Restricted funds|||||
||At|||At|
||1 August 2022|Income|Expenditure|31 July 2023|
||£|£|if|£|
|Restricted Fund— HAF Funding|21,585|39,017|(49,550)|11,052|
||At|||At|
||1 August 2021|Income|Expenditure|31 July 2022|
||£|£|£|£|
|RestrictedFund-PropertyExtension|21,585|53,692|(53,692)|21,585|



»1@s 



## Millom Recreation Centre Limited 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 July 2023 

## 19. Analysis of net assets between funds 

||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2023|
||£|£|£|
|Tangible fixed assets|31,126|-|31,126|
|Current assets|48,912|T1052|59,964|
|Creditors less than 1 year|(5,097)|-|(5,097)|
|Net assets|74,941|11,052|85,993|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Tangible fixed assets|23,185|_|23,185|
|Current assets|94,935|21,585|116,520|
|Creditors less than 1 year|(6,024)|-|(6,024)|
|Netassets|112,096|21,585|133,681|



-19-