Charlty R8gistratlon No. NIC 102092
HOLYWOOD PARISH CHURCH
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Iii
harbinson
mulholland

HOLYWOOD PARISH CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Cleryy
Rev. Canon Gareth Harron
Rev. Cosmin Pascu
Select Vestry
Mrs Heather Mccord (Hon Secretary)
Mr Brian Beatty (Hon Treasurer)
Mr Gavin Pantridge
Mrs Betty McLaughlin
Mr Bob Cooke (Wicals Glebe INarden)
Miss Jayne Forster
Mrs Jenny Noble
Mr Wll Keown
MrAdam Glover
Mr Marc Ballard
Mr Leslie Allen {People's Glebe Warden)
Mr Jonathan Hooper (People's Church Warden)
Mr Chris Mcllroy (Vicar's Church Warden)
Mrs Gail Taylor
Mrs Gil INalker
Mr Peter Crookes
(Appolnted 18 March 2024)
(Appointed 18 March 2024)
(Appointed 18 March 2024)
(Appointed 18 March 2024)
Charfty number
NIC 102092
Operational address
71 Church Road
Holywood
Down
BT18 9BX
Independent examlner
Harbinson Mulholland
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT13LP
Bankers
Danske Bank
Donegall Square v￿est
Belfast
Co. Antrim
Northern Ireland
BT16JS

HOLYWOOD PARISH CHURCH
CONTENTS
Paga
Select Vestrws report
Independent examine¢s report
ststement of financial activities
statement of financial position
Statement of cash flows
Notes to the financial statements
7-15

HOLYWOOD PARISH CHURCH
SELECT VESTRY'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
Holywood Parish Church is a part of the Diocese of Down and Dromore within the Church of Ireland as such
is governed by the constitution of the Church of Ireland.
Actlvltles
Holywood Parish Church operates in Holywood. County Down, Northern Ireland. Its objective is to be the local
Anglican expression of the Christian Church in Holywood. The Christian Church seeks to serve and glorify God,
meeting together as the people of God.
Results and achi•vements
The surplus for the year amounted to £5,121 (2023: net loss £64,238), of which £4,119 is attributable to
unrestricted reserves which now stand at £351,287 (2023- £347,168) and £1,002 Is attributable to restricted
reserves.
To achieve its objectives Holywood Parish Church holds Sunday and week day services of worship, provides
variety of other meetings for members and guests, and teaches its members how to serve and glorify God.
There are usually five Sunday services catering for different groupings and preferences of worship genre. A
midweek service is also held on Wednesday.
There are meetings for men, women, young people, carers and infants, and the elderly each week. Many who
attend these meetings are not members of Holywood Parish Church. The meetings are provided partly as
service to the community and guests are welcome and encouraged.
Christian teaching 15 provided in the services of worship and at midweek meetings. These meetings are in small
groups meeting in homes or larger gatherings in the church premises.
Occasional special events such as concerts are arranged as opportunities to invite the wider commLnity to share
the resources for which the church is responsible.
Around 300 people attend the Sunday services. Up to 1,875 people remain on our database as wantlng to be
connected to Holywood Parish Church.
Publlc Beneflt
The Select Vestry believes that the public beneflts from its Sunday and week day services:
through education and spiritual formation on how to Serve and glorify God
by serving the spiritual and physical needs of the community through e.g. dinners, recreatlonal groups
and music events
by encouraging people to support projects in the developing world includlng India and East Africa
Recrultment and appolntment of Select Vestry
The Select Vestry is appointed on an annual basis at the Easter Vestry. All those on the General Vestry Register
are entitled to vote according to the constitution of the Church of Ireland. The churchwardens and stipendiary
dergy are members of the Select Vestry ex officio.
Reserves pollcy
The Select Vestry believes that the Church has sufficient reserves to fund its activities in the future.

HOLYWOOD PARISH CHURCH
SELECT VESTRY'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Select Vestry's rn8ponslbilllle8
The Select Vestry is required to prepare the Annual Report and financial ststements for each financial year,
which glve a true and falr view of the state of the affairs and of the surplus or deficit of the Church for that year
and have been prepa￿d in accordance with Unlted Kingdom Generally Accepted Accounting Practi￿.
preparlng these the Select Vestry is ￿qUired to.. -
select suilable accounting policies and apply them consistently:
make jutlgements and estimates that are reasonable and prudent.
prepare the financial stalemenls on the going concern basis unless tt Is Inappropriats to presume that the
church will Gontlnue in business.
The Select Vestry is responsible for keeplng proper accounting records. which disclose with reasonable accuracy
8t any lime the financial position of the Church. They are also responsible for safeguarding the assets of the
Church and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities.
Select v￿try and thelr Interests
The Select Vestry during the year and at the dat8 thls report was approved, is Ilsted on pag8 1. A new select
vestry is elected every year but members are able to be r84lected an indefinite number of tlmes accordlng to the
constitution of the Church of Ireland. During the year to 31 December 2024, there were sixteen members of
Select Vestry excluding the clergy,
Indepgnd•nt axamlnors
Harbinson Mulholland have indicated their willlngness to contlnue in office.
This report has been prepared in accordance with the Statement of Recommended Practice I'Accounting and
Reportlng by Charities,) 2015.
By order of the Select Vestry
anon Gafeth Harron
Trustee
Dated.. 10 March 2025

HOLYWOOD PARISH CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE SELECT VESTRY OF HOLYWOOD PARISH CHURCH
I report to the Select Vestry on my examination of the financial statements of Holywood Parish Church (the
charity) for the year ended 31 December 2024.
Responslbllltles and basls of report
As the Select Vestry of the charity you are responsible for the preparation of the financial statements and you
have considered the audit requirement of Section 65(31 of the Charities Act {Nl) 2008 (the Charities Act).
Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for
independent examination, it is our responsibility to..
It is my responsibility to-
examine the financial statements under section 65 of the Charities Act {Northem Ireland) 2008;
follow the procedures laid down in the general Directions given by the Commission under section 85
19)(b) of the Charities Act (Northern Ireland) 2008,. and
state whether particular matters have come to my attention.
Independent examiners stst8ment
I have completed my examination and I have no concems In respect of the matters (1) to (4) listed above and,
In connection wlth following the Directions of the Charlty Commisslon for Northern Ireland, I have found no
matters that require drawing to your attention.
The accounting records were not kept in respect of the charity as required by section 63 of the Ctrorities
Act.. or
the financial statements do not accord with those records,. or
That the financial statements do not comply with the accounting requirements of the Charities Act and
with the methods and principles of the 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.
the financial statements have not been prepared in accordance wlth the methods and principles of the
Statement of Recommended Practice for accounting and reporting by chantses applicable to charities
preparing their financial statements in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102).
I have no concems and have come across no other matters in connectlon with the examination to whlch
attention should be drawn in this report in order to enable a proper understanding of the financial statements to
be reached.
IGAJ(kn rnulklta
Harbinson Mulholland
Chartered Accountants
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT13LP

HOLYWOOD PARISH CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted Re8tricted
funds
funds
2024
2024
Total Unrestrlcted Restrlct8d
funds
fund8
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Investments
368,018
16,866
62.025
430,043
16,866
355,741
19,144
59,921
415,662
19,144
Totsl income
384,884
62,025
446,909
374,885
59,921
434,806
Charltable activities
380,603
61,023
441,626
334,960
163,966
498,926
Net losses on
investments
14
(162)
(182)
(1161
(116)
Net Incomel(expendlture) and
movement In fund8
4.119
1,002
5,121
39,809
(104.045)
(64.236)
Reconclllatlon of funds:
Fund balances at 1 January
2024
347,168
17,002
364,170
307,359
121,047
428,406
Fund balances at 31
December 2024
351,287
18,004
369,291
347,168
17,002
364,170
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

HOLYWOOD PARISH CHURCH
STATEMENT OF FINANCIAL POSITION
ASAT 31 DECEMBER 2024
2024
2023
NotOS
Fixed assets
Tangible assets
11
66,520
66,520
Current assets
Deblors
Investments
Cash at bank and In hand
12
13
13,063
5.306
356,118
17,363
5.468
343,919
374,487
366.750
Credttors: amount$ falllng duo wlthln
one year
15
(71,716>
(69,100)
Net current assets
302,771
297,650
Total as•et81•85 curr•nt Ilabllltles
369,291
364,170
Income fund8
Reslricled funds
Unrestrlcted funds
Designated funds
other deslgnat8d funds
17
18.004
17.002
242,320
104,848
242,320
65,039
18
347,168
347,169
351,287
347,168
369,291
364.170
The finan¢lal statements were approved by the Select Vesty on 10 March 2025
Mrs Heather Mccord (Hon Secretary)
Trustee
Mr Brian Bealty {Hon Tfeasurer}

HOLYWOOD PARISH CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash absorbed by operations
21
(4,667)
(86,715)
Investing actlvltles
Investment income received
16,866
19,144
Net cash g8neratsd from Inve8tlng
actlvlti89
16,866
18,835
Net cash used In flnanclng actlvltles
Net Increaselldecrease) In cash and cash
equlvalents
12,199
(67,880)
Cash and cash equivalent8 at beginning of year
343,919
411,799
Cash and cash equfvalents at end of year
356,118
343,919

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the "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 102)" (as amended for
accounting period commencing from 1 January 2016). The charity is a Public Benefil Entity as defined by FRS
102.
The financial Statements are prepared in sterling, which is the functional curr8ncy of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The finanaal stalements have been prepared under the hlstorical cost convention, modified to include the
revaluation of freehold properties and to Include investment properties and certain financlal instruments at fair
value. The principal accounting policles adopted are set out below.
1.2 Golng Concern
At the time of approving the financial statements, the Select Vestry have a reasonable exp8Ctation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
Select Vestry continue to adopl the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Select Vestry in furtherance of their charitable
objectives.
Restricted 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 a￿ set out in the notes to the financial statements.
Investment income Is allocated to the appropriate fund.
1.4 Income
Income is recognised when the charity is legally entitled to It after any performance conditions have been met,
the amounts can be measured reliably, and It is probable that income will be received.
Donations, are recognised when the Select Vestry has been notlfied in writing of both th8 amount and
settlement date. In the event that a donation is subject to conditions that require a level of performance before
the charity is entitled to the funds, the income is deferred and not recognised unlil either those conditions are
fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that
those conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the granting of probate when the administratorl
executor for the estate has communicated in writing both the amount and settlement date. In the event that
the gift is in the fomi of an asset other than cash or a financial asset traded on a recognised stock exchange,
recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy
and the title to the asset having been transferred to the charity.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
charity,. this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised
once the dividend has been declared and notification has been received of the dividend due. This is normally
upon notification by our investment advi50r of the dividend yield of the investment portfolio.

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
Icontlnued)
1.6 Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
chanty to that expenditure, it is probable that settlement will be required and the amount of the (*)ligation can
be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses induding support costs and g￿ernance
costs are allocaled or apportioned to the applicable expenditure headings.
1.6 Tanglbla flxed a88ets
At each balance sheet date, the carrying amount of tangible assets are reviewed lo detèrmine Whet￿r there
is an indication that those assets have suffered an impairment loss. Where the carrying value exceeds the
estimated recoverable amount (being the greater of fair value less costs to sell and value-in-use), an
impairment loss is recognised by writing down the assets, cash-generaling unites to thelr recoverable amount.
An impairment loss is recognised immediately in the Statement of Financial Activits-es, Any reversal of a
previous impaimient loss is similarly recognised immediately in the Statement of Financial Activities.
Fixed assets are nomally written off in the year of purchase, with the exception of land and buildings, which
are valued at historic cost. Buildings are not depreciated as they are fully maintained.
1.7 Herftage assets
The Church and related buildings within its ground are of a historic nature and as heritage assets have not
been included on the balance sheet.
1.8 Investments
Investrnents are initially measured at transaction price excluding transaction costs, and are subsequently
measured at fair value at each reporting date. Changes in fair value are recognised in net incomel
(expenditure} for the year. Transaction costs are expensed as Incurr8d.
1.9 Impalrnient of flxed assets
At each reporting end date, the charity reviews the carrying amounts of its tanglble assets 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 assat is estimated in order to determine the extent of the impairment
loss (If any).
1.10 Cash and cash •qulvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowngs in current liabilities.
1.11 Flnanclal Instruments
The charity 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.
Financial instruments are recognised in the charty's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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 to settle on a net
basis or to realise the asset and settle the liability simultaneously.

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
(Continued)
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fLrture receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc finan¢ial Ilabilities
Basic financial liabilities, including creditors and bank loans 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 as payable
wlthin one year are not amortised.
Debt Instruments are subsequently carried at amortised cost, uslng the eff8ctive interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operation5 from suppliers. Amounts payable are classified as current liabilities if payment is due wrthin one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transacts'on pric8 and subsequently measured at amortised cost using the effective interest method.
Derecognition of flnanclal liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
re￿ived.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.13 Rotlrement beneflts
Employees of th9 charity are entitled to join a defined contribution scheme. Contributions to defned
contribution penslon arrangements are charged to the Statement of Financial Activitles as they fall due. The
charity has no liability beyond makirbg its contributions and paying across the deductions for employee's
contributions.
Crftlcal accountlng estlmatos and Judgements
In the application of the charity'5 accounting policies, the Select Vestry are required to make judgements,
estimates and assumptions aboul the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions 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 assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Critical accountlng estimates and Judgements
Icontinued)
K8y sources of estlmation uncertalnty
Tanglble flxed assets
Tangible assets ar8 depreciated over their useful lives tsking into account residual values where appropriate.
The actual lives of the assets are assessed annually and may vary depending on a number of factors. In
reassessing asset lives factors such as maintenance programmes are taken into account. Residual value
assessments consider issues such as the remaining life of the asset and its estimated value in use. Buildings
are not depreciated as they are fully maintained.
Donatlons and legacles
Unrestrlcted Restrlcted
funds
funds
Total
2024
Total
2023
Offertory and donations
Congregational activities
Gift days and special collections
Other income
Gift aid
Donations from Trust
293,178
9,010
293,178
9,010
62,025
8,404
59,428
266,017
5,388
69,921
6,598
57,758
10,000
62,025
6,404
59,426
368,018
82,025
430,043
415.662
For the year endod 31 December 2023
355,741
59,921
415,682
Investments
2024
2023
Rental income
Dividend received
Interest receivable
7,704
3,703
5,459
14,069
3,473
1,602
16,866
19,144
10-

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable actlvlt18S
2024
2023
Stsff costs
Congregational activities
Diocesan and charitable giving
175,424
43,963
120,386
126,753
26,728
221,784
339,773
375,265
Share of support costs (see note 61
Share of governance costs (see note 6)
100,653
1,200
122,561
1,100
441,626
498,926
Analysls by fund
Unrestricted funds
Restricted funds
380,603
61,023
441,626
For the year ended 31 Decemb8r 2023
Unrestricted funds
Restricted funds
334,960
163,966
498,926
Support costs
Support costs Governance costs
2024
2023
Staff costs
Insurance
utilities
Repairs
Administration
Bank fees
l.T. and computer costs
Other aclivity costs
13,482
10,888
49,889
18,148
6,438
546
80
1,182
13,482
10,888
49,889
18,148
6,438
546
80
1,182
13,530
10,237
40,801
49,877
7,077
436
803
Audit and accountancy
1,200
1,200
1,100
100.853
1,200
101,853
123,661
Analysed be￿een
Charitable activities
100,653
1,200
101,853
123,661
11

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl(crediting)-.
Fees payable for the independent examination of the charity's financial
ststements
1,200
1,100
Select Vestry's remuneratlon and expenses
The sts'pendiary Cl8rgy receive stipends for their duties In the church and are ex-offlcio members of Select
Vestry.
None of the Select Vesiry (or any persons connected with them) received any remunaratlon or beneffts during
the year.
Employees
The average monthly number of 8mployees during the year was:
2024
Number
2023
Number
Employment costs
2024
2023
Vvages and salari8S
Social security costs
Other pension costs
160,673
8,681
19,552
119,698
5,824
14,763
188,906
140,283
There were no employees whose annual remuneration was more than £60,000.
10 Taxatlon
The charity is exempt from taxation on its activities because all its income 15 applied for charitable purposes.
12-

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Tanglble fixed assets
Land and
buildings
Fixtures,
fittings &
equlpmont
Total
Cost
At 1 January 2024
66,520
10,000
76,520
At 31 December 2024
66,520
10,000
76,520
Depreclatlon and Impalmiont
At 1 January 2024
10,000
10,000
At 31 December 2024
10,000
10,000
Carrylng amount
At 31 December 2024
66,520
66,520
At 31 December 2023
66,520
68,520
12 Debtorn
2024
2023
Amounts falllng due wlthln one year:
Prepayments and accrued Income
13,063
17,363
13 Currnnt asset Investments
2024
2023
Investments
5,306
5,468
14 Net galnsl(105ses) on Investments
Unrestrlcted
funds
Total
2024
2023
Revaluation of investments
(162)
(116)
13-

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Creditors: amounts falling due wlthln one year
2024
2023
Other creditors
Accruals and deferred income
34,356
37,360
32,905
36,195
71,716
69,100
16 Retlr•m•nt beneflt 8chemo8
2024
2023
Deflned contrlbutlon schem•8
Charge to profit or loss in raspect of defined contrlbution schemes
19,552
14,763
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
17 Restrlcted funds
Movement In funds
Income Expondlture
BalanGo at
1 January 2024
Balance at
31 Decèmber
2024
Misslon - Kkalwe
Mission - Asha
Church organ refurbishment fund
Choristers fund
Social welfare fund
3,348
4,086
9,568
3,095
13,257
35,518
6,683
3,472
1836)
{13,273)
(44,629)
1888)
(1.397)
5,607
4,070
457
5,795
2,075
17,002
62,025
(61.023)
18,004
14-

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Deslgnated funds
Movern8nt in funds
Incomo
Expendlturo
Balance at
1 January 2024
Gains and
lo$se$
Balance at
31 December
2024
Special projects
Other designated funds
General unrestricted fund$
206.965
35.355
104.848
206,965
35,355
108,967
384,884
(380,603)
(162)
347.168
384,884
(380.603)
(162)
351,287
The unrestricted gen8ral funds represent the free funds of the charlty vthich are not designated for particular
purposes. As these may be for future projects or projects that will last for more than one year the Select
Vestry have decided to designate funds for future commitments. Such funds are not restricted funds by
nature.
19 Analysls of net assets between funds
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total
2024
Fund balances at 31 December 2024 are represented by..
Tangible assets
Current assetsl{liabilities)
86,520
284,767
66,520
302,771
18,004
351,287
18,004
369,291
20 Rolated party transaetlons
There were no disclosable related paty transactlons during the year {2023 - none).
21 Cash absorbed by operations
2024
2023
Surplusl{deficitl for the year
5,121
164,236)
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
116,866)
162
(19,144)
116
Movements in worklng capltal:
Decreasel(increasel in debtors
Increase in creditors
4,300
2,616
{5,355)
1,904
Cash absorbed by operations
(4,667)
(86,715}
15-