Company registration number: N1604156 Cl]arity r¢gistratiOll number: 103024 Doagh Cultural Society Limited (A company limAt¢d by gUallt¢e) Annual Report and Fijiancial Statements for the Year Ended 31 August 2023 TB Millar & Co 6 Doagh Road Ballycl&r¢ BT39 9BG
Doagh Cultural Society Lijnited Contents Reference and AdmiDistrative Details Tntees, Report 2to6 Independent Examinerfs Report Statement of Financial Actkvities Balance Sheet Notes to the Financial Statements IOto18
Doagh Cultural Society Limited Reference and Administrative Details Chairman Micbael Turkington Secretary Crakg IAughlin Charity Registration Number 103024 Company RegistratioD Number N1604156 The charity is incoorated in North¢rn Irelan<L Doagb Community Hall The Enty Doagh Baltyclare Antrim BT39 OQW TB Millar & Co 6 Doagb Road Ballyclare Registered Office Independent Examiner BT39 9BG Pag¢ I
Doagh Cultural Society Limited Trllstees, Report Trustees and ol¢erS The tNstees and officers serving during the yw alld since the year end were as follows.. Tne¢s. Crnig Laushlin William Bissett (Death 2 April 2024) Andrew MarsbalE William Laughlin Thonw Elliott Michael Turktngton Chairni&n.' Michael Turkington Secretary.. Crnig Laughlin Doagb Cukural Society Trustee4 also Directors of the Charity for the purposes of the Companies Act 2006, have pleasu in submitting their aDnual report and financial statements of the Charity for the year ended 31 August 2023. The trnstees have adopt¢d the provisions of th¢ Statement of Recon)Jn¢nded Practice (SORP) 'Acc4)unting alld Reporting by Charities, issued ill 2005 in preparing their annual report and financial statem¢nts of the Charity. The Charity is a charitable compatLy limited by guarantee and was incorpornted on 19 August 2010. It is governed by a memordndum and articles of asso¢iatiOLL Structure) governance and Ma))age¢llt The ¢onstitution was adopted by the members of the Charity at a Special General Meeting held on 24 May 2006 and stipulates the objectives and powers of the Charity for the furtherance of its stated objectives (outlined below). Membership of the Charity is open to all and any person aged sixteen years or over liviag in the area of benefit who subscribes to the objectives of the ¢IAry and whose application for membership is accepted by the Con)mitt¢e shall be called an individual member and is entitled to vote at meetings of the charity. Except as provided othenvise ill the Gonstitution the policy and general nmnagement of the affai of the Charity shall be directed by a Committee elected at an Annual General Meeting. Should the number of nominations exceed the number of vacancies, elertion shall be by secret ballot of th¢ members of the Charity present and entitled to vote at an Annual Gelleral Meetill Results The results for the financial year are set out in the statement of fAnancial activities. Principal aetivity and business review Tbe principal actkyity of the Charity IS the advancement of education and the promotion of the benefit and well being of the comrnunity in the areas of Doath Cow and KilbrAde and their envitons iu County Antrir The directors are satisfled with the result and are in line with expectations. Page 2
Doagh Cultural Society Limited Trustees, Report Directors and Trustees The Directors of the charitable company (the Chatity) and its trustees for the purpose of charity law &nd throughout this report are collectively refeffed to &8 the trustees. The metllbers of th¢ Board durkllg tlLe year were: • Cwg Laughlin . Willi&m Bissett . Andrew Marshall + WilJÉam LAughlin . Thornas Elliott . Michael Turkington In accordan¢e with the Articles of Association one third of the InteeS retire by rotation and offer themselves for re-election. Directors, Interests No director had at any time during the year a material ititerest in any contract that was SiRficant in relation to the Charity's business. Public Benefit The purpose of Doagh Culturnl Society Limited As specifically restricted to the advancement of education and the promotion of the benefit and wellbeing of the conllllurnity and residents the areas of Doagty Cogry and Kilbride and their environs in County An Support wn)mut)ity developm¢nt aud wellbeing artivities and to work with parthers to support coll]munity cohesion and sustsinable con)munities. Advance education by promoting public awareness of the history, folklore, archit¢cÈural and cturaL h¢ritage of the area of benefit and its ithabitants. Promote and advance education and appreciation of the Ulster-scots language, history fo]klore, literature, traditions, arts and culture. Promote the benefit of young people the area of benefit and e<kncate and assist such young people through their leisure time activities so as to develop th¢ir physic&L mental and emotional capacities so that tbey rnay grow to fuki maturity as individuals and membthE of the ChaTity so that their conditions of lifr may be improved. Promote and fosr racial and ethnic hannony and diversity through the promotion of activities to foster knowledge and mutual understanding b¢tw¢en people from diverse backgrounds through the provision of recreational facilities and events involving the local community. Promote con)Jnullity safety through the support and develOpnnt of approprkats progran)mes and projects, which aim to address crime and anti-sociak behavAOUr. Advance ally other exclusively cFwitable pw?oses as the tntsteesldirectors may) decide in accordance wkth the law of the Charity. from time to time, Page 3
Doagh Cultural Society Lijnited Trustees, Report Aehievements alld performance The Charity entered into an agreement with the Tntstees of Doagb Orange Hall for the lease of the Hall as a CommuAllty Hall for a 25-year period conunencing on S October 2010 at an annual rent of £0.05 per year. GROW South Antrirn, througb the Rural Development Fun4 provided a 750/0 grant towards building costs associated with the renovation and refurblslent of the OraDge Hall for use as a Community Hall. Match funding was provided by Newtownabbey BC and through fi]ndraising proj¢cts. The Letter of Otyer from GROW included the terms and cmditions of the grant, which included a legal charge over the building for a period llot less than 10 years by the DepartEn¢nt of Al¢ll1tuT¢ and liural Development. Building work ill the cornmunity Hall was c(nnpEete in June 2011 and it began use as a Conllnullity H1 from July 2011 onw&rds. The ballk facilitated the process by providing overdraft facilities until the wt release(L Fees were repaid through fld[aIsing a¢tivities. During the 2023 year, the community hall has been used by the local playgroup. Maint¢nan¢¢ grants were received to do work on the building. The Hall was used by a volunteer who helps people from th¢ local Community with mental health issues. Community events were beld durxng the year for the Kings COTonation and Black day. A kids paty was held during the year. Finaneial Review Details of the reSts for the year are set out in the statement of fllmnciai activities and related notes. The tnee$ have reviewed the reserves of the Charity and strive to ensure there are adequate reserves to wver ally unforeseen expenditur¢ in the future. Future Plans The Charity plans to continue manag¢ment of the Hall in future years and to develop its activiti¢s in ac¢ordance with its current objective5. Risk Ivtsnagement The trustees have a risk management Strate in place which comprises: An atsnuaj r¢view of the risks the Charity faces" Systems and procedw¢s to Initigate risks identifirf. and Implementation of prn¢edures to ensure minimum impact of the chwity should any of the risks matsria]ise Flxed Assets The ]novements in fixed assets during the year are set out in the financial statements. Page 4
Doagh Cultural Society Limited Trustees, Report SDJall eompanies provlsion statement This report has been prepared in accordallC¢ with the small companies regime under the Companies Art 2006. Th¢ atmual report was approved by the knstees of the charity on 15 May 2024 and signed on its behalf by: Andrew Marshall Trnstee Page 5
Doagh Cultural Society Limited Trustees, Report ststement of trustees, responsibilities The tnlstees (who are also the directors of Doagh Cultural Society Limkt¢d for the purposes of MPanY law) responsible for prepating the trustses, report and the fmancial statements in accordance with applicable law and United Killgdom Accounting Standards (UnAted Kirtgdom Genernlly Accepted Accounting Pra¢tic¢), including FRS 102 "The Financial Reporting Standard appkicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with th¢ provisions in th¢ Companies Act 2006 relating to smalE companies. Company law requires the trustees to prepar¢ fanCI statements for financÉal year. Under company law the trustees must not approve the fmancial statements unless th¢y ar¢ satisfied that they give a true and fair view of the state of affairs of the charitable coEllp&ny and of the incoming resources and application of resources, including its income and expenditure, of th¢ chaTitable company for that perkod. In preparing these f1¢la1 stat¢mellts, the trnst¢¢s ar¢ Tequired to: select suitable accounting policies aud apply them cs)nsistontly' observe the methods principles in the Charities SORP. make judgements and e5timat¢s that are reasonable and prud¢ttt' state whether applicable accounting standards, comprising FRS 102 have been followe subject to any material departures disclosed and explained in the fLnancial stat¢ments; and prepare the fCIal statements on the going concern basis ullless it is inappropriate to presuEne that the charitable company will continue in business. The trustees ore responsibl¢ for keeping proper accounting records that can disclose with reasonabl¢ accuracy at any time the financial position of the charitable compally and enable them to ¢nsure that the fuyancial statements comply wlth the Companxes Act 2006. They are also responsible for safeguardijig the assets of the clwitable company ond hence for taking re&8onable steps for the prevention and detection of fraud and other Irregul7ttes. The trustees aTe responsible for the nintenance and integrity of the corporate and financial infornmtion included on the charitable companys website. Legislation governing the preparation and dissemination of fman¢ial statsmellts rn&y differ from legAs]ation in other jurisdictions. Approved by the trustees of the charity on 15 May 2024 and,signed on its behalf by: Andrew Marshall Trustee Page 6
Doagh Cultural Society Limited Independent Examiller's Report to the trustees of Doagh Cultural Society Limited ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023. Responsibilities and basis of report As the cbarity's ISle¢S of the Company (and also its directors for the PpOseS of company law) you are responsible for the preparation of the accounts in accordance with the r¢quir¢ments of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company ar¢ not required to be audited under Part 16 of the 2006 Act and are ¢ligible for independent examination, I report in spect of my eXamiOn of your charity's accounts as carried out under section 145 of the Clwities Act 2011 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission der section 145(5)(b) of the 2011 Act. Independent exaJniner's statement have completed my examination. l Confirm t]t no matters hav¢ come to attention in connection with the ¢xatnination giving me ¢ause to believe: l. accounting records w¢re not kept in respect of Doagh CultLnl Society Liniited &s required by section 386 of the 2006 Act" or 2. the accounts do not accord with those records. or 3. the accounts do not cotnply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the acCOts give a 'true and f&ir view, which i8 not a n]atter considered as part of an independellt exatllination. or 4. the aOUllts have not been prepared in accordance wkth the methods and principles of the Statement of Reconllnonded Prnctice for accountirAg and reporting by clwities [appli¢abke to charitie5 preparing their accouTkts in accordance with th¢ Financial R¢porting Standard applicable in tbe UK aud Republic of Ireland (FRS 102)]. I have no concems and have come across no other matters in conn¢ction wkth the examination to which attention should be (]rawn in this report in order to enable a proper understanding of the accounts to be reache Charter dAcc tant 6 Doagh Road Ballyclare Co Antrim BT39 9BG 15 May 2024 Page 7
Doagh Culthral Society Limited Statement of Financial Activities for the Year Ended 31 August 2023 (Including Ineome and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrled funds Restricted funds Total 2023 Note Income and EndOW¢t5 from: Charitable activities 9,999 9,999 Total income 9,999 9,999 Expenditure on: Charitable activities (14,936 7,646) (22,582) Total expenditure Net expenditure Net movement in fimds (14,936 (7,646 (22,582) 4,937) (7,646) 12,583 (4,937) (7,646) (12,583) Reconciliation of funds Total funds brought foTward Total flwds carried forward 7,291 57,494 64,785 52,202 Total 2022 15 2,354 nrestrieted funds 49,848 Rtricted fullds Note Ineome and EndoH7nents from: Charitable activitkes Other trading activities 4,300 800 4,300 800 Total incom¢ 5,100 5,100 Expenditure on: Charitable activities (12,414) (7,103) (19,517) Totsl expenditure 12,414) (7,103) (19,517 (14.417) Net expenditure Net nkovem¢nt in knds 7,314 (7,103) (7,314) (7,103) (14,417) Reconciliation of funds Total fi]nds brought fonvard Total fimds carri¢d forward 14,605 64,597 79,202 15 7291 57,494 64,785 All of the charty's activities derive from continuing operations during the above two periods. Th¢ funds breakdown for 2022 is shown in note 15. The notes on pages 10 to I S forni an integral part of these fjnanciai statements. Page 8
Do&gh Cultural Society Limited (Registrntion number: N1604156) Balance Sheet as at 31 August 2023 2023 2022 Note Fixed as$¢t8 Tangible assets li 52,759 63,862 Current assets C&sh at bank and in hand 12 49,782 58,886 57,963) Creditors: Amounts falling due within one year Net eurrellt (Ilabilitiesyassets 13 (50,339) (557) 52202 923 Net asset8 64,785 Fuuds 0£ the Charity: Restrieted income funds Restricted fimds 49,848 57,494 Unrestrieted incom¢ fuAds Unrestricted 2,354 7,291 Total funds 15 52,202 64,785 For the fancIal year ending 31 August 2023 th¢ ckwity was eThtitled to ¢xemption from audit under section 477 of the CompanAe5 Act 2006 relating to small companies. Directors, responsibi]iti¢s: The members have not required the ¢lwity to obtain an audit of its accounts for the year in question in accordance wlth section 476. and The directors acknowledge their responsibilities for complying with the requir¢ments of the Art with respect to accounting records and the preparation of awounts. These financial statements have been prepared in accordance with the special provisiot)s rekting to companies subject to the small companies regime within Part 15 of the Companies A¢t 2006. The financial statemellts on page$ 8 to 18 were approved by the trnstees, and authorised for issue on 15 May 2024 and siw]¢d on their behalf by: ew Marshall Trustee The notes on pag¢$ 10 to l 8 forni an integrni part of these financi ststements. Page 9
Doagh Cultur21 Soeiety Limited Notes to the Financial Statements for the Year Ended 31 August 2023 I Charity status The Charity is limited by guarantee, kticorporated in Nortbeth Irelan& and consequently does not have share capital. Each of the trnstees is liable to contribute an amount not reedIng £1 towards th¢ ass¢ts of the charity in the event of liquidation. The address of its registered office is.. Doagh Conununity Hall The Enty Doag Ballyclar¢ Antrim BT39 OQW Th¢se fuwlcial statements were authoris¢d for issue by the trustees on 15 May 2024. 2 A¢eounting policies Sujnmary of significant accounting policies and key accounting estimates The principal accoullting policies applied in the preparatlon of these financial statements are set uut below. These policies have been consist¢ntky applied to all the years Presented, UDless otherwise stated. Statenlent of compliance The financial statements have been prepared in accordance with Accounting and Reporting by c111ties. ststement of Recommended Practic¢ (applicable to charities preparing their ac¢ounts in accordanc¢ with the Financial Reporting Standard applicable ill the UK and Republic of Ireland (FRS 102)) (issued in O¢tober 2019) - (Charities SORP (FILS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Doagh ctTal Society Limited meets the definition of a public benefit erntity under FRS 102. Assets and liabilities are inittally reco]Sed at historical cost or traDsa¢tion value unless othenvise sLated in the relevant a¢countiDg policy notes. Going concern The trustees consider that there are no material uncertainties about th¢ ch&ri¢ls ability to wntinue as a going Concern nor any SAgnificant areas of uncertainty that atYe¢t the value of assets held by the ¢lMrity. Income and endowments Expenditure All expenditure is re¢ognis¢d once there is a legal or constructive oblkgation to that expenditure, It is probable settlement is required and the auiount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributsd to particular headings tbey have been allocated on a basis consistent with the use of resources, with central staff costs allo¢ated on the basis of time spenl and depreciation charges allocated on the portion of the asset'5 use. Other support costs are allocated based on the spread of staff costs. Page 10
Doagh Culthral Society Limited Notes to the Financial Statements for the Year Ended 31 August 2023 Charilable activities Charitable expenditur¢ cowrises those costs incurred by the charity in the delivery of its activities and services for its benefickaries. It includes both costs that cau be all¢xated directly to such activities and those costs of an indirect nature nec¢ss&ry to support them. Support costs Support costs include central filltIons and have be¢n allocated to activity Cost categories on a basis consistent with the use of resources, for example, allocating propety Costs by floor ar&, or per capiK staff costs by the time spent and other costs by their usage. Governance costs These snclud¢ the costs attrlbutable to the charity's compliance with constitutional and statutory requirements, including audiL strategic managenkent and trnstees m¢dings and reimbursed exp¢nses. TAxatlon The charÉty is Considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it 3neets the definition of a charitable company for UK corporation piiri)os¢s. Accordingly, the charity IS Potentially exempt from taxation in respect of incom¢ or capital gains received Thithin categorRes covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such Èncome or gains applied exckusivety to charitable pury)oses. Tangible fixed assets Jndividual fixed assets costing £1.00 or xnore are initially recorded at cos¢ le85 any subsequent aCcumal¢d depreciation and subsequent accumulated impairnient losses. Depr¢elatfion and amortisation Depreciation is provided oll tangible fixed &ssets so as to writr off th¢ Cost or Valuatio l¢ss any cstitnated residual value, over their expected useful economic life as follows: Asset class Building Costs Depreciation method and rate renIllIng us¢fill life of the l¢ase on cost Cash and eash equiv21ents Cash alld cash equivalents ¢omprise cash on hand and call deposits, and other short-terni bighly liquid investtnellts that are readily convertible to a known amount of casb and are subject to an insignificallt risk of change in value. Borrowings IDterest-b¢aring borrowings ar¢ initially recorded at fair value, net of transaction costs. Interest-bearing boffowiugs are subsequently canied at amortÈsed cost, with the difftrenc¢ between the proceeds, net of transaction costs, and the a]nount due on redemption being recognised as a charge to the Statement of Financial Artivxties over the period of the relevaut borrowing. Interest &¥pense is recog]is¢d oll the basis of the effective interest method and is included in interest payable and similar charg¢s. Borrowings are classified as cwrent liabilities uThless the Charty has an unconditional rigbt to defer s¢ttl¢ment of the liabilty for at least twelve months after th¢ reporting date. Page 11
Doagh Culthral Soeiety Limited Notes to the Financial Statements for the Year Ended 31 August 2023 Foreign exchange Transactions in foreign currencies are recorded at tbe rate of exchange at th¢ date of the transaction. Monetary assets alld liabxlities denominated in foreign ¢ll¢¢1¢S at the balance sheet date aTr reported at the rates of exchange prevailing at that date. The results of overseas operatkoll5 are trdnskted at the average rates of exchange during the period and thei balance sh¢¢ts at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and reglts of overseas operdtions are reported in other comprehensive CoMe and accutnulated in equity (attributed to norA-controlling interests as appropriate). Other exchange differences are reCOls¢d in th¢ Statement of Financial A¢tivAties in the period ill which they aTise except for: l) exchange differences on transactions entered into to hedge certain foreign awrency risks (se¢ above). 2) exchange differences arising on gains or losses on non-monetary items which are recogoised in other comprehensive income" and 3) in the c&8e of the consolkdated financial statements, exCI18e differ¢n¢es on monetary items re¢eivable from or payable to & forei operation for which settlem¢Tht is neither pla2m¢d nor Iik¢ly to occur (therefore forniing part of the net investment in th¢ foreign operation), which are recognised in other con)prehensive incom¢ and Teport¢d under equity. Page 12
Doagh Cultural Society Limxted Notes to the Financial Statements for the Year Ended 31 August 2023 Fund structur¢ Ullrestricted illcoe fimas are geneTal fi]nds that are available for us¢ at the ttustees discretion in ftwtherance of the objectives of the charity. Restricted income fimds are those donated for use in a particular atta or for specific purpos¢s, the use of which is r¢stri¢ted to that area or purpose. 3 Illcome from eharitable activiti Unrestricted funds General Total funds Hall Rentals Grants 1,600 8,399 1,600 8,399 Total for 2023 9,999 9,999 Total for 2022 4,300 4,300 4 1nco)ne froxn other trading activities Unrestricted funds General Totsl funds Total for 2023 800 Total for 2022 800 5 Expellditllre on charitable aetivitftes Unrestrieted nds General Restricted funds Total funds Note Community Events Depreciation, amortisation and other similar costs Allocated support Costs Governance costs 3,441 3,441 3,457 7,548 490 7,646 11.103 7,548 490 TotAI for 2023 14,936 7,646 22,582 Total for 2022 12.414 7,103 19,517 Page 13
Doagh Cultural Society Limited Notes to the Financial Statements for the Year Ended 31 August 2023 6 Analysis of governance #nd support eosts CharKtable activities expenditur¢ Unrestricted funds General Total funds Basis of alloeation Water Rates Insurance Repairs & Renewajs Bank charges Light, Heat & Power Telephone & Intemet 432 1,497 3,408 235 1,419 557 432 1.497 3,408 235 1,419 557 Total for 2023 7,548 7,548 Total for 2022 6,575 6,575 Basis of allocation Reference Method of alloeation Direct Governance costs Unrestrieted funds General Total funds Independent exatlliner fees Examination of the financial statements 490 490 Total for 2023 490 490 Total for 2022 468 468 7 Net incomingloutgoiug resources Net outgoing resources fi)r the year include: 2023 2022 Depreciation of fixed assets 11,103 10,315 Page 14
Doagb Cultural Society Limited Notes to the Financial Statements for the Year Ended 31 August 2023 8 Trustees remuneration and expenses No trustees, nor any persons conne¢t¢d with them, have received any r¢muneration from the tharity during the year. No tr8te¢S have received any reimbursed expenses or any other benefits from the GhaJity during the year. 9 Independent examiner's remuneration 2023 2022 Exarnination of th¢ fllLancial statements 490 468 10 Taxation The charity is a reered charity and As therefore exempt from t&xation. 11 Tangible fixed assets Land and buildings Total Cost At I September 2022 At 31 August 2023 Depr¢eiation At I September 2022 Charge for the year At 31 August 2023 145270 145,270 145,270 145,270 81,408 11,103 81,408 11,103 92,511 92,511 Net book value At 31 August 2023 52,759 52,759 At 31 August 2022 63,862 63,862 Included within the net book value of land and buikdings above is £Nil (2022 - £NAK) in respect of freehold land and buildings and £52,759 (2022- £63,862) in respect of leaseholds. Page 15
Doagh Cultural Society Limited Notes to the Financial Statements for the Y&qr Ended 31 Augllst 2023 12 Cash and cash equivalents 2023 2022 Cash on hand C at bank 200 49,582 49,782 (49,848) (66) 200 58,686 58,886 Bat)k overthafts (57,494 Cash and Cash equivalents in statement of cath flows 1,392 13 Creditors: amounts falling due within one year 2023 2022 Bank overdrnfts Accnthls 49,848 491 57,494 469 50,339 57,963 14 Contingent liabilities GeneratAng liural oppOrtL1É1eS Within (GROW) South Alltrim provided 750/0 grant aid for the building cost building control fee and prnfesslonal fees associated with the renovation and refiwbishment of the Orange Hall for use as a Community Hall. The ketter of offer from GROW South Antrim included the tern and conditxons of the grant which included a legal charge over the building for a period not less than 10 years by the Department of AgriculttJTe and Rural Development (DARD). The letter of offer outlines a set of specific cii¢umstances that if breached could result in th¢ wt being disallowe(L r¢thJ¢Kd or re¢overe(L Page 16
Doagh Cultural Society Limited Notes to the Financial Statements for the Year Ended 31 August 2023 15 Eunds Balanee at I September 2022 Ineoming resourees Resources expended BaIance at 31 August 2023 Uorestricted funds General 7291 9,999 (14,936) (7,646) 2,354 Restricted funds 57,494 49,848 Total funds 64,785 9,999 (22,582 52202 Balance at I September 2021 Incoming resources Resources expended Balance at 31 August 2022 Unrtstrieted funds General 14,605 5.100 (12,414) (7,103) 7,291 Restrided funds 64,597 57,494 Total funds 79,202 19,51 64,785 Page 17
Doagh Cultural Society Lijnited Notes to the Financial Stat¢meuts for the Year Ended 31 August 2023 16 Allalysis of net a$5ets between tsnd$ Unrestricted funds General Total funds at 31 August 2023 Restrlcted funds Tangil)le fixed assets Current assets Current liabilities 52,759 (66) (50,339) 2,354 52,759 49,782 (50,339) 52,202 49,848 Total net assets 49.848 Unrestricted funds General Total funds at 31 August 2022 Restricted funds Tangible fixed assets Current assets Current liabiliti¢s 63,862 1,392 (57,963) 7,291 63,862 58,886 (57,963) 64,785 57,494 Total net assets 57,494 17 Anatysis of net funds Atl September 2022 At 31 August 2023 at ballk and in hand BaDk overdraft 49,782 49,848 49,782 49,848) (66) (66) (66) Net debt (66) Atl Septsmber 2021 At 31 August 2022 Cash at bank and in band BaDk overdraft 58.886 (57,494) 1,392 58,886 (57,494) 1,3 Net aebt 1,392 1,392 Page 18