COMPANY REGISTRATION NUMBER: N1043458 CHARITY REGISTRATION NUMBER: NIC102571 Derry Print Workshop Limited Company Limited by Guarantee Unaudited Financial Statements 30 June 2023 •ADO7YZLMty 0310412024 COMPANIES HOUSE CLAREMOUNT Chartered accountants 43 Clarendon Street Derry BT48 7ER
Derry Print Workshop Limited Company Limited by Guarantee Financial Statements Year ended 30 June 2023 Page Trustees, annual report (incorporating the direcior's report) Independent examiner's report lo the Irustees Statement of financial aclivities (including income and expenditure account) Statemenl of financial position Notes to the financial stalements 10
Derry Print Workshop Limited Company Llmited by Guarantee Trustees. Annual Report (Incorporaling Ihe Director's Report) Year ended 30 June 2023 The irustees, who are also the directors for the purposes of company law, present their report and the unaudited financial siatements of Ihe charity lor the year ended 30 June 2023. Reference and admlnlslratlve deialls Reglstered charity nam• Derry Print Workshop Limiled Charity reglstraiion number NIC102571 Company registration number N1043458 Prlnclpal ofllce and regisiered 9 Oakfield Avenue ofllce Derry BT48 9BD The trusteeg Mr Paul Barwise Mr A Hepburn Mr Matthew Braithwaite Mrs Stephanie Gaumond Mrs Jane Turner-moore Independent examlner Mr Karol Mccauley Claremount 43 Clarendon Str8ei Derry BT48 7ER Slructure, govemance and managemenl The company is a 'nol-lor-profit' organisaiion, Is limited by guarantee and has no share capital. The companies accounts are prepared in accordance with the Statement of Recommended Practice "Accounting and reporting by Charilies" issued in March 2015 (SORPI. The company is governed and managed by the board of directors and management committee. The directors who served the company Ihroughoul the year are shown on page 1. The registered office and details of other professional advisors are also listed on page l. The board of directors carry out their governance role Ihroughout the year by way of meetings on a regular basis to review the performance of the company and to make decisions regarding ihe company's financial and operational matters. The directors govern the activities of Ihe company in line with the objectives set out in the governing documents of the charity, namely Ihe Memorandum and Articles of Association and the charily's constitution.
Derry Print Workshop Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 June 2023 Objectives and actlvities The principal activity of the company during the period was lo provide fine art print making facilities lor both professional artist and the wider community. while continuing to encourage the education and appreciation of the art of printmaking amongst the general public. The directors note thai the performance of the company during the year, in terms of both financial and operational results. in line with the charity's conslilulion and key objectives while still adversely effected due to the previous years ol Pandemic Ihere are signs of an increased interest both in membership and local community participation in printmaking courses. The aim lor the year was to continue to develop course provision for local community and organise exhibition of members work. Course provision has been re-established through this year (all be li on a restricted basis as space is an issue) and continues to develop. Setting a dale lor an exhibition of members work has been established for September Ioctober 2023. Enquiries aboul Membership have increased and il is hoped that the DPW members exhibition will help reinforce this. DPW conlinued development is still dependani on acquiring funding for a iechnician and on increasing the workshops membership. Even with this difficulty our efforts to increase our membership are paying off with some past members returning and an added interest from Ihe artist community. Technician role is still priority and board are in the process of applying for small grants applications to arts council in order to then qualify for application to core funding.
Derry Print Workshop Limited Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Direcior's Report) (contlnued) Year ended 30 June 2023 Achlevements and performance 1. As under our S-year lease agreement with the in Inner City Trust on 1710912018. DPW is to still pay rent as follows - The rent could have been increased {under clause 9 of the lease) with effect from 117122 However Inner City Trusl had very kindly kept our r8nt as of previous years. This has been of great benefit to the workshop and the board would like lo record their appreciation of this during these diff icult economic limes. 2. Course Provlslon We have again increased course provision during 2023. A number of courses In Screenprint Ipainlerlyl, Textile screenprint,(iote bags) linocut, and monoprint were facilitaled. During ihe last year the workshop was reorganized so that we could accommodate a limited number ol course participants (3 at a time). We have kept Ihis format again for this year. This means we will only break even on course lees there will be limited income to the workshop from course running courses bul the board leel that running courses serve as an important educational service to the local community and benefit the workshop in promoting its aims. Several more course dates have been planned for the end ot 2023 and beginning 012024 3. Rlso Prlnter acqulslllon The new Riso Prinler resource was not in full use during the Pandemic years. However building on the previous years projecis: 1. Window art with CCA- 2. EVA project. 3. Catalyst Arts- 4. Void Education- We are this year starting to run courses lor the local public. There Is a Riso Christmas card course planned for November l December. An A3 posler course for the lollowing Spring. Slill working with practicing artists and art groups on various projects i.e Fulure project with Niamh Seanna Meehan ai Arcadia. And Hopefully we may become involved with a project run by the National Gallery {London) headed by the Turner Prize winner Jeremy Deller. We have been conlacied by a representative of the National gallery, with a view to engaging with us on a project using the Riso printer. It is only an initial enquiry and we will meei io discuss later in Ihe year. Hopefully we can help. 4. During ihe lasl year a number of our members were again successful in gaining individual artist granis from Ihe Arts Council in order to promote iheir practice in printmaking. The board would like io thank the ACNI for helping and encouraging our pracliclng printmakers. Members still continue to exhibit and sell their work successfully and it is encouraging to see this beginning to lake a turn to the positive after the previous years. It is a major aim for DPW to provide a resource that enables local artist I printmakers to develop their practice and help to secure and suslain a future within the creative sector.
Derry Print Workshop Limited Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eontinuad) Year ended 30 June 2023 5. DPW continue lo otler a facility for professlonal artist I printmakers The online booking system is still in place. We have decided to keep this policy for the time being. The booking system is working well and with still no technician only experienced printmakers are able to use premises unassisted. Wilh no lechnician there is still no variable access membership. Access to Ihe workshop is less restricted (members have to pre-book use of presses etc but can come freely to prepare plates screens elc if there is space) Provision ot professional Fine Art Print resource for local community and artists is still a major part of DPW'S remil. With this in mind the board are still researching lulure expansion. i.e. larger premises to accommodate both members needs and the provision of courses to the local communily. Thls all of course depends on gaining financial support lor such a move. Thus the importance of acquiring some help with fundraising. We will need to Improve our screenprint facility. A 'one arm8d squeegee, screenprint bed is much needed. A priority is to look for funding streams lo acquire this. DPW still has not been able to acquire funding lor running costs etc and so is still reliant on membership income and voluntary expertise lo maintain facilities. This is disappointing bul understandable. 5 year lease is now in place and so when are able to return to full praciice we can start looking at funding Streams. We are still lotally reliant on voluntary adminisiration I management and technician provision. This is a major burden on members of the board and is not a healthy posillon to be in. We did in previous years apply io the Fore organization for a grant in order to provide a Technicianl manager for the workshop. We reached stage of the process in which we had one to one contact wilh an advisor. This was very helpful and consiruclive bul unfortunately did not progres5 lurlher in our applicaiion. We are encouraged to apply again In the future. Without further increased funding we are just licking along at our present level and with possibilily of the rent increasing in 2024 then it becomes increasingly difficuti to maintain the workshop. Our increased membership helps but il is still just a break even situation. Flnanclal revlew The net surplus resources for the year were £1,54012022 outgoing £4,012}. The Company reserves at the year-end were £25,13012022 - £23,590).The trustees aim lo have a reserve covering at least three monlhs expenditure at any given time. The full resuRs are set out in the accounts which form part of this report.
Derry Print Workshop Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 30 June 2023 Plans for future periods Proposals should be drawn up and initiatives started lor the following.. 1.Course provision - we did restart our provision ol courses held throughout the year which have proved lo be valuable in both establishing the profile of the fine art print workshop in the city and for increasing paying membership. Will need to look how to develop this further within Ihe limiled space we have. 2.Technician l ManagerlAdministrator post- important to continue to source permanenl funding for these posis. If the workshop is to develop a professional facility that is accessible throughout the week then this is essential. Keep looking lor funding opportunities. 3.Running Cosls - Still a major issue. This is obviously becoming a major issue if we want lo improve, develop and meet the aims ol Ihe workshop. 4.Develop membership numbers - continue to offer fine art print facility to local artists when possible. Four new members did join during last year and hopefully increased membership will conlinue. The up coming Members exhibition will hopefully help io promote the workshop and increase membership further 5. Continue to develop the Risograph provision both Ihrough collaboralive projects and starting course provision lor the local communily. Also maybe initiate coniaci wilh NWRC and illustration arts department to work on a collaborative project. 6. Look for funding to acquire a 'one armed squeegee, screen print bed. 7.Exhibilion provision- Need to establish a date for another Members exhibitions In 2024 that will help towards lundraising and in order to re-markel Derry Print Workshop. Hopefully aim for September 2024. maybe look lowards applying to local council lor funding. We are participating in the upcoming Print Fair in Belfast organized by 8elfast Print Workshop. We have agreed to participate and booked a table al the print fair. All our members are able to submil work for exhibit. The Print fair is to be held on March 23rd and 241h in St Comgalls Belfast. Will be a valuable markeiing opportunity for DPW. 8.Continue to streamline the adminislralion ol workshop. Delegate more jobs to willing DPW members in order to alleviate the pressure on present board members. Improve membership access and revise course provision. 9.Review members of the 8oard. We need to try and bring on board some board members who have the valuable business skills of fundraising within the arts sector. The board wishes to thank all members and associates involved in promoting, using and developing DPW. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to Ihe small companies exemption. The truslees, annual report was approved on 28 March 2024 and signed on behalf of the board of trustees by: P Barwise 2810312024 20..58'.57 A Hepbuin 2810312024 19.'28=30 Mr P Barwise Dlrector Mr A Hepburn Direclor
Derry Print Workshop Limited Company Limited by Guarantee Independent Examlner's Report to the Trustees of Derry Prlnt Workshop Limited Year ended 30 June 2023 I report to the Iruslees on my examination of the financial statements of Derry Print Workshop Limited ('the charily,) for the year ended 30 June 2023. Responslbilities and basis of report As the trustees of the company (and also ils directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act {Northern Ireland) 2008 (the '2008 Act.) and the Companies Act 20061'the 2006 Act.). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that Ihe accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinalion of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. Independent examlner's statement I have compleled my examination. I confirm thal no matters have come to my attention in connection with my examination giving me cause to believe that in any material respecl: accounting records were noi kept in respect of the charity as required by section 386 of the 2006 Acl,. or the financial slatemenls do not accord with those records., or the financial slatemenls do not comply with the accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, vlew which is not a matter considered as part of an independent examination., or the financial slatemenls have not been prepared in accordance wilh the methods and principles of the Statemenl 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). I confirm that there are no other Matters to which your attention should be drawn to enable a proper understanding of the accounts lo be reached. Mr K Mccauley Claremount Chartered Accountants 43 Clarendon Street Derry BT48 7ER 2 gth t££ £O£Ltr
Derry Print Workshop Limited Company Limited by Guarantee Statemenl of Financial Activities (including income and expenditure account) Year ended 30 June 2023 2023 Reslricted funds Toial funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Total Income 11,854 2,160 14,014 11.641 11,854 2,160 14,014 11,641 Expendiiure Expenditure on charilable activilies Total expendlture 7,628 4,846 12,474 15.653 7,628 2,846 12,474 15.653 Net Incomel{expendlture) and net movemenl In funds 4,226 {2,686} 1,540 14,012) Reconcilialion of lunds Toial funds brought forward Total funds carrled forward 7,145 16,445 23,590 27,602 11,371 13.759 25,130 23,590 The staiement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies. The notes on pages 10 10 16 form part of these Ilnancial statements.
Derry Print Workshop Limited Company Limited by Guarantee Statement of Financial Position 30 June 2023 2023 2022 Note Fixed asseis Tangible fixed assets 12 14,053 16,867 Current assets Cash at bank and in hand 12,723 7,725 Creditors: amounls falllng due wllhin one year Nei Current assels 13 1,646 11,077 25,130 1,002 6,723 Total assets less Current liabilities 23,590 Net assets 25,130 23,590 Funds ol the charlty Restricted funds Unresiricted funds 13,759 11,371 25,130 16,445 7,145 Total charlly funds 14 23,590 For the year ending 30 June 2023 the charity was entitled io exemption from audit under section 477 of the Companies Acl 2006 relating io small companies. Directors, responsibilities.. 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., The directors acknowledge iheir responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation ol financial statements. These financial statements have been prepared in accordance with the provisions applicable io companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 10 10 16 fomi part of these Ilnancial slatemenls.
Derry Print Workshop Limited Company Llmited by Guaranlee Statement ol Financial Position (contlnued) 30 June 2023 These financial statements were approved by the board of trustees and authorised for issue on 28 March 2024, and are signed on behalf ol the board by: P Barwise A Hepburn 2810312024 20..58..57 2810312024 19..28..30 Mr P Balse Director Mr A Hepburn Director The nolo9 on pages 10 to 16 forn) part ol these financlal statements.
Derry Print Workshop Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 30 June 2023 General Informatlon The charity is a public benefit enlity and a private company limited by guarantee, registered in Northern Ireland and a regisiered charily in Northern Ireland. The address of the registered office is 9 Oakfield Avenue, Derry, BT48 98D. Statement of compliance These financial slatemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance wlth the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 10211 and the Companies Act 2006. Accountlng pollcles Basls of preparation The financial statements have been prepared on Ihe historical cosi basis, as modified by ihe revaluation of certain financial assets and liabilities and investment properties measured at lair value Ihrough income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's abilily to continue. Fund accounllng Unrestricted funds are available for use ai the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected lo restrictions on their expenditure declared by the donor or through the ierms of an appeal, and fall into one ol two sub-classes: restricted income funds or endowment funds. 10-
Derry Print Workshop Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2023 Accounting policles (continued) Incomlng resources All incoming resources are included in the stalernent of financial aclivities when enlitlement has passed to the ¢harity' 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 lo particular categories of income: income from donations or granis is recognised when there is evidence of entitlement to the gift, receipt is probable and it5 amount can be measured reliably. legacy income is recognlsed 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 accounls when received il the value can be reliably measured. No amounts are included lor the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery ol the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be speni on a particular purpose and relurned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilily is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of Ihe staiemeni of financial activilies to which it relates: expendilure on raising funds includes the costs of all fundraising activilies, events. non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs Incurred by a charity in undertaking aclivilies Ihal further its charitable aims for the benefil of Its beneficiaries, including those support costs and costs relaling to Ihe governance of the charity apportioned to charitable aciivilies. other expenditure includes all expendilure thai is neither related io raising funds for the charity nor part of ils expenditure on charitable aclivilies. All costs are allocated io expenditure categories reflecting the use of Ihe resource. Direci costs attributable to a single aciivity are allocated directly to thai activily. Shared costs are apportioned beeen the activities they contribute to on a reasonable, juslifiable and consistent basis. Tanglble assets All fixed assets are initially recorded at cost. 11
Derry Print Workshop Limited Company Llmited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2023 Accounting policies Icontinued) Depreclatlon Depreciation is calculaled so as to wrile off the cost or valualion of an assel, less its residual value, over the useful economic life of Ihat assei as follows: Prlnlroom furniture Printing Equipment Compuler Equipment 20 /• straight line 5°/• Straighl line 20 /• Straighl line Impalrment of Ilxed assets A review for indicalors of impairment is carried oui ai each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the assel is impaired accordingly. Prior impairmenis are also reviewed for possible reversal at each reporting date. For the purposes of impairment lesling. when it is not possible to estimate the recoverable amount of an individual asset, an eslimale is made of the recoverable amount of Ihe cash-generating unit io which the asset belongs. The cash.generating unil is the smallest idenliliable group of assets that includes the assei and generates cash inflows thai largely independent of Ihe cash inflows from Oiher assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combinalion is, from the acquisition date, allocated lo each of the cash-generating units Ihat are expected to benefit from the synergies of the combinaiion, irrespeclive of whether other assets or liabilities ol the charity are assigned 10 Ihose units. Flnanclal Instruments A financial assel or a financial liability is recognised only when the charily becomes a party to Ihe contractual provisions of the instrument. Basic financlal instruments are initially recognised ai the amount receivable or payable including any related transaclion costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debl instruments are subsequenlly measured at amortised cosl. Where investments in shares are publicly Iraded or their fair value can otherwlse be measured reliably. the investment is subsequently measured al lair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairmenl. Other financial instruments, including derivalives, are initially recognised al fair value. unless payment for an asset is deferred beyond normal business terms or financed at a rale 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. 12-
Derry Print Workshop Llmited Company Limited by Guarantee Notes to the Financial Statements Icontlnu•d) Year ended 30 June 2023 Accounting policies (conlinu•d) Financlal Instruments (¢onllnuod) Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. wilh the exceplion of hedging instruments in a designated hedging relationshlp, Financial assets that are measured al cost or amortised cost are reviewed for objective evidence ol impairment at the end of each reporting date. If there is objective evidence of irnpairment, an impairment loss is recognised under the appropriaie heading in the statemeni of financial activilies in which the initial gain was recognised. For all equity instrumenis regardless of significance, and other financial assets that are individually significant, Ihese are assessed individually for impairment. Other financial assets are either assessed individually or grouped on Ihe basis ol similar credit risk characteristics. Any reversals of impairment are recognised immediately, to Ihe extent Ihat Ihe reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amounl would have been had Ihe impairment not previously been recognised. Llmlted by guarantee The company Is limited by guarantea and, therefore. there is no issued share capiial. Donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Membership income Prinlmaking courses and workshops Arts Council Nl Use of Facilities 4,820 3,265 4,820 3,265 2,160 3.769 2,160 3.769 11,854 2,160 14,014 Unresiricted Funds Restricted Total Funds Funds 2022 Donalions Membership income Printmaking courses and workshops Arts Council Nl Use of Facilities 4,265 4,266 4,265 4,266 3,110 3.110 11,641 11,641 13-
Derry Print Workshop Limited Company Limited by Guarantee Notes to the Financial Slatements (contlnued) Year ended 30 June 2023 Expendilure on Charitable actlvities by tund type Unrestricted Funds Restricted Total Funds Funds 2023 Rent Accountancy Facilitator Fees Insurance Depreciation Printing tools, ink and paper Heat and light Flepairs and maintenance Bank charges 2,000 840 429 764 128 1,630 1,103 282 452 2,000 840 2,589 764 2.814 1.630 1,103 282 452 2,160 2.686 7,628 4,846 12,474 Unrestricted Funds Restricted Total Funds Funds 2022 Rent Accounlancy Facilllator Fees Insurance Depreciation Printing tools, ink and paper Heat and light Repairs and maintenance Stationery and postage Bank charges 2,000 396 3.715 764 S2 2,924 1,807 660 134 462 2,000 396 3,715 764 2,791 2,924 1,807 660 134 462 2,739 12,914 2,739 15,653 Expendlture on Charllable acllvltles by aciivliy type Print-making & Visual Art Services Support Total fund Costs 2023 Rent Accountancy Facilitaior Fees Insurance Depreciation Printing tools, ink and paper Heat & Light Repairs and maintenance Bank charges 2.000 840 2,589 764 2,814 1,630 1,103 282 2,000 840 2.589 764 2.814 1,630 1,103 282 452 452 12,022 462 12,474 14-
Derry Print Workshop Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2023 Expenditure on charltable activities by activity type (contlnued) Print-making & Visual Art Services Support Total fund Cosls 2022 Rent Accouniancy Facilitator Fees Insurance Depreciation Printing tools, ink and paper Heal & Light Repairs and maintenance Stationery and posiage Bank charges 2,000 396 3,715 764 2,791 2,924 1,807 660 134 2,000 396 3,715 764 2,791 2,924 1,807 660 134 462 462 15,191 462 15,653 Nei Incomel(expendiiure) Net income/(expendilurel Is stated after chargingl{credllingl'. 2023 2022 Depreciation of tangible fixed assels 2,814 2,790 Independent examination fees 2023 2022 Fees payable to the independent examiner for: Independent examination of the financial siatements 420 420 10. Slaff costs The average head count of employees during the year was 5 (2022.. 5). No employee received employee benefits of more than £60,000 during the year {2022: Nil). 15-
Derry Print Workshop Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 30 June 2023 11. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 12. Tangible flxed assels Fixtures and fittings User defined asset Equipment Total Cost Al l July 2022 and 30 June 2023 Depreclatlon At 1 July 2022 Charge for the year At 30 June 2023 1,162 29,419 24,048 54,629 741 128 17,755 1,296 19,266 1,390 37,762 2.814 869 19,051 20,656 40,576 Carrying amount At 30 June 2023 293 10,368 3,392 14,053 16,867 At 30 June 2022 421 11,664 4,782 13. Crediiors: amounts falllng due wlthln one year 2023 2022 Trade creditors Accruals and deferred income 841 805 197 805 1,646 1,002 14. Analysls of charltable funds Unrestricied tunds At 1 July 2022 At Transfers 30 June 2023 Income Expenditure Unrestricted funds 7,145 11,854 (7,628) 11,371 Restricted funds At 1 July 2022 At Transfers 30 June 2023 Income Expenditure Resiricted Fund 16,445 2,160 {4,8461 13,759 16-