Registration number N1068528 North Belfast Interface Netivork Company liniited by guarantee Charity no: NIC 103324 Directors, reporl and financial stateinents for the year ended 31 Mareh 2023
North Belfast Interface Network Company limited by guarantee Conteiits Page Rcporc ot Chc Dii-cctors IndependLni Examiner's Report Staleinent of Fin&iiicial Activities Bl< lance Sheet Nole.s lo the Iiniiii¢iul %tatenieiils 8-12
North Belfast Interface Netwi)rk Company limited by guai'antee Directors, repoi for the year elided 31 March ?023 The dii'eLtors present their report (Ind the finaiicial .Slcltements tor the yeai. elided 31 M<lrch ?0?3. The tinaiicial slaÈen]eiil5 hdve been pi'epai-ed Én ¢iLcordance with Ihc c1ccoiiiiling pulicies set out in iiotL.S to the accouiit5 aiid coiiiply wilh thL' charily'.4 govLrniiig documeiit. the Charilie5 Aci 201 I Accounliiig and Repoiting by Charities.. StLlteiiient of Reconimeiided Practice iipplicable to ch1¢ rities prep1& ring their account5 in 41ccordance wilh the Financial ReporlinLr Slandard applicable in the UK and Republic ol Irel<ind piibli5hed in October ?019. Structure? govei"nance and management Tlie Company is a coinpany limited by ouarantee. Directors Tlic dii'cctors who %eri'¢d during the ye1¢ r wei'e tollows C Hei'on (SeLI'elai'y) A KeiT M M<iguire J McAlea L Mor(l¢in M Morgan K MLirpliy L Wiggiiis Introduction NBIN ¢iim to (icliieve Ihe%e thi'ough consult<ilion, local rcprescntdtion, work wilh c(ImtnLinity i'eprescnliltives a¢i-o.55 seLl£ifi<111 diN'idLS <iiid inlei'(IgeiiLy work. A.% ¢1 resiili uf Ihis Lngr(Igeineni PLuies% NBIN pl¢in iiclivilies th411 Cll<iblL local peoi)IL to dddruss i%suc% that havL tliat havL a IlLgalivL impact on conimuiiity i-Lldli0118. NBIN develop iiiili¢Trtive% that Seek to tran.sforin Ilie naiure of contlict (ind acl as a catalyst tor the developmeiil ot. oinmunily Loll<iboi'¢ilions ihat have the polenlial io bling aboul posilive social and phybical changu iii the ai-cil. The prim¢iiy vchiclc tor Ilic dclivcry ot Iliits woE'k has becii Ilirough tlic pi'ogi'an]ming of the Tw1< ddell Ardoyne Sliankill CommuTijlies iii Traiisllion ("I"ASCIT) pi'ogrdmme, of which NBIN 18 Ilie lead pai'lner. The crealioii of NoL1h Belfi< St Inl¥rtace Network h<iS been <1 respoiise lo iiiti-a comjnunal violence ciiid the threat 10 tlie pliysiLal <ind social slriictures of cominunity life posed by oiigoing contlict dnd coininunal se(rregaiion. Nortli Belfasl Inleiface Netwoi'k was formed in 2002. Ils pi'iinary tOLU5 is now on developing i-elatlOL15 aiid Irusl between the two conimuiiities and lo help credte the conditions foi. the iegeiieriltioii of inlerfdce coinmunilies. ObjeL'tivos and activities Objectives & Activities I'or the PubIic Benefit The Vision of The North Belfast Interfgice Neiwork is of, "A safe, contident and prospei.ous commiiiiily at peace with itself and ils neighbours" The NBIN Missioii statemeiit is, 'Working to cte uiidei'standing, respect and positive relatioiis wiiliin and between Nortli Belfast Communities Page I
North Belfast Interface Netivork Company limited by guarantee Directors, repoi't for the year ei)ded 31 fv1arch 2023 NBIN have three hÉive three key stralegic ciims which al'e.. To niiniinise Ihe polenliL11 tor violent conflict aiid support positive inlei'venlioii in North Belta.st To biiild and iiiainlain pu5ilive w'orkinby relaiionships Wlthin iind betWLen con)Inunities To plciy an aclive role in ci'eating po8iLive physicdl li'cinsluiTnation uf inlerflL Le conuniiiiities iii North Belfast Tliis year North Beltlc si IiilLrtacc Nclwork ¥nlLrs its ?0 yC<ll' Ot scrviiig the cominunily. I1] ?003 Noith Belfast faced Ll lot of seeiMii)(rly inlraclable probleins Iliat werL being played oiit oli tlie sti-eels 011 IL daily basi.s. At tliis lime the ai-ca W<1S being described as a PiTrCLhwoi-k quilt of divided coiiimunilies. Segiigaled, il nol by wall, tciice or gatc Ilicii Lerl<1iiily by dcsii'c iiiaiiy peoplc, iii whal is i'cfcri'Ld 10 1< s Ilie 'iiitcit1< ce areas,, tcli 4atc by b¢ing apai't. Atler Ilic Good Friday Agreenienl, as confliLI betHieen armed prolagoiiisll ftided into the backgroiind, illler commuiial leiisions beg7<in Lo rise. Sireei violence iiiid inlei. coiiimunily violcnLe beLaiii¢ ni&Yhily occiiii'eiiLL ill IlliQiiy parl% ot Niirih Bclfa%l. In rc%poii%¢ to Illcsc 1S%Lie% Ardnyne Focus Gi'oup, Clittonvillc Coniinunily RegL'neration Foruin. Ashtoii Coinmunily Trusl Lind Ligoiiiel Iiiiprovemeiil Associaiioii ine logeiher 4inil in 2002 Noi'ih Bella%i Inlei-fiiLe Netwoi'k wa.% conLeived. Tlie folluwiiig ye<1r, ?001 funding was soried, staff reciviled ¢iiid tor us thL work ot Lreilliiig positi¢ Lhaiige in Norili Beltast begaii. NBIN began lo implLment &l .%lraiegiL plan that iiicliided iiiinimi.sing the potei)li<il foi. violenuc. develvpiiig a comiiuiiiieni to Lon]miinity rel(itivns tn loLal coinIiiiiniliL% aIid en¥ibliiigLrvs.s iiilerfaLL P¢1rtn¢i'%hip.s Ihat COLildwoi'k tl)W<ll'd% Ihe regLner<irioii c)f inlLiface conimlllllties. NBIN beg<211 to oi'gdnise trom Ligoni¢l t() Gi'eeiica4tle, initially .8lrenrytlieiiing ihe inobile phon¢ Iieiwork.8 thai WLre Ihe key io iacklino iiiierl-Lice violence al tiine. Thi,5 W<iS (he pi'imilry lool Ih<iL enablLd NBIN io forge ihe niany i'¢Laiioiitships thic I hdve bccn Ihc b<iLkboii¢ ot. niuLli ot ihc %UCLCb.S WC Clljoy today. From mobilc phoiic network% bLimmei' intervention tscheiiies were oi'ganised. anti-iiiterfdCL' violeiice poster C<impiiigii.% w'ei-e iniliated dnd anti-secCai'i¢in charter.% launLhed. Thi.% led io cro.ss inlei'face P<ll'iiiersliips %ii¢h as Ihe North Beifclsi InlerlaL¢ Moiiiloring Gi'oup. Al()ng wiih 47 liost nf olhLr agciici¢5 thi'oiighoul tlie cily Ihis P<irtnLr%hip conlribulcd lo %igiiificanily reduLing violciii btSi<iviouf 411 illlert1< ce.%. 111 2003, Ilie yedl. NB IN begaii tliere were dlinost 600 incidents of interface crime% repoi'led in Norlli Belfasl. In ?013 this niiiiibei- wa5 reduLed to 259. 01. ?0?2 Ili¢lt nuinbei- has beeii inore thai) h<ilved ag£1iii diid il appe¢ll'S Iv be dL'opping all the lime. Eli ?02? we had no rLpoi-led incidciits ot %eLliti-iaii ci-iine during the I I Ili <ind 12ih of July, a period that has Iiisloi-iCl< Ily been associatcd willi di.%puled P¢1rades and pi-otest. iiiler comniuiiity tension.% and rioting. In Sepienibei coming wc will .1180 cclcbraie the 10 aiiniversary of NBINS i'olc as Ihc l¢ad E)<1rtner iii tlie Tw<iddell Ardoyne Sh<inkill Commuiiities in Transition (TASCIT) Pdr(nership. The TASCIT pdi'tiiersliip sel vut to create ihe conditions tliiil would enable re.5idents lo begin the pi'oces.s of resideiiiiiil Lle-seiyi-egL11ioii by transfoimino interface sLriictures, rcmoving segi'egatioii walls and opening gales th(it havL clo%ed foi. ovei- 30 yrs. Siiice ?013 TASCIT hdve supported residents on tlie Crumlin Rd wilh tlie removal ot tlie first Noithern Irelaiid Housing Executive iyall to conie down in 40 yrs. This year we have witiiessed Ihe reniov<11 of two b<irricrs in Flax Street that have kept the rol< d closcd for over 30 ycar% and latcr in the year the Colotnbia Street pedestrian gate which ha5 also been closed foi- over 30 years will opeii. Page 2
North Belfast Interface Network Company limited by guarantee Dlreetors. report ror the year ended 31 March 2023 TAscrr has also iiufiated a Promoting Positive Change Programme and in September 20?2 it facilitated a well-aLiended Meet the Netghbours ¥vent al the Everton Cenire on the Ardoyne Road. A site Ihar 20 years earlier liad been the epicentre of the Holy Clos5 school blockade.This month rhe T Ascrr partnership. in conjunction with increasing nuniber of other local cominunity groups, willhave delivered the I Ith trdnche of Challenging Conversations. engagiiig over 220 local residents in the piogramn. More and more people involved in reconciliation work than ever before. Fear of Ihe 'other' is being replaced by inquiry and a desire to know and undei'sland those who have different political. cultural or religious outlooks to 'us'. I'm delighted lo say (hat oot only did NBIN achieve the majority of the objecuves li set out to achieve but in many areas it has surpassed what inany ol us would not have thought POS5ible at time. Although thiiigs have certainly changed a lot here in North Belfast sinc¢ 2003 thai is not fo say that everything is ro.sy in rhe gardeii. There arc 5ti11 many is.4ues where agreemeniis in short supply. Alihough interface violence has been significantly reduced rhere is still rnore of sectarian crime in North Belfast in East and Soiitli Belfast cornbined. There ts still a lot of work for NBIN to get along with biit if anything the lasi twenty years has shown us that pro8rrss can be made if Ihere is a continued commilmeiit to dialogue. problem 801ving nd pailnership working. Finally none of this would be achievable without those wliowork wiih vs, the residents who engage in all aspects of our programme aclivity, all of our voluntarily commiilee,Ehe ienacity arjd dedicaiion of our staff and, last but not le&st, our maiii funders, die tnieftmattotLaJ Fund for Irelaiid and the Comrnuiiity Relauons Council wlio eontinue 10 Suppon our strategic plan in North Belfast. ManLiS Maguire Chairperson - North Belfast Interface Neiwork 31st Mareh 2023 Achlevements and p¢rfoman¢e As oullined above. the company believes li achieved its goals of pi'omoling good comrnunity relations throughout the North Belfasl interface area. Reserve Policy In order lo carry out our work il is necessary to hold financial resources in reserve. The trustees have agreed a policy thai requires financial i.e. unrestricted reserves to be mainlAined at a level sufficient to Sustain 3 months, Core ¥cllviiy during a period of unforeseen difficulty. To operate a successful community organisauon, we requtre financial reservcs for rhe following purposes.. Strategic- acquiring and replacing assets lo benefit the community Accountability - complying with legal and statutory obligations e.g. rcdundancy payments oprtiOna1- to cover tunnillE costs i)ot included All grant income, 8UStainiiig staff in gap funding periods elc. Financlal revlew The results are set out in fiill in the financial statements. The directors have obtained funding for the near future. This report was approved by the Board on 12 November 2023 and signed on its behalf by M Maguire Dlreetor
Independent examinei"'s Report to the Members of North Belfast Interfaee Network J report on Ilie accounts of tlie tor the toi. the ye1£ r ended 31 March ?0?3, which al-e set oiir on pa(Tres 3 to 9. Respective respoi)sibilities of and examinei. As thL ch<itY trustees (aiid also Ilie directors of the coJnp<liiy for Ihe i)ui"po8es of coinpany law) you are espoiisible fni- the prep(11t101] of the accoiiiits in accoi'd<iiice witli the requireillenls of tlie Companies Act 2006. H<iving satisfied myself thal the charity is noL SLibjecl to <Triidit linder coinpaiiy law. aiid is eligible lor indcpcndcnl exclllli111c Uoii, il 1,% iny r¢spoi)sibili(y to: exainiiie the acLoiints linder sectioii 65 of tlie Chai'ities Act (Northern Ireland) ?008; follow the proLeduLes l<iid down iii rlic oenci'¢il Dii'ections glven by ilic Ch1[Y co1[.$10n for Northern Ireland under section 65(9)(b) of the Charilies Act- ancl slate wlielher pai'liLul£1r nilltlei's have come lo Jiiy allenlioii. Basis ot. independent examiner'.$ report I l)avL ex¢11niiied youi. ¢hkllY acLounCs a4 requiied Liiider sectioii 65 ot the Chai'itie% Acl and my examinaiion W<1% canicd our in aLcord4inc¢ with the genei'al Direction% givLn by tlie Ch<irily Comini8.%lOlI tor Noi'thern Ircland iiiidei. .seLiion 6_5(C)}{b) of Il)e Chai'iliLts Act. The exdmindtion inLluclLd <1 fLViLW Ot. tlie 1< CCOLiiiliniy r¢Loi'd5 kcpi by ilie Lhai'ily dnd a Loiiipai-isoii of (he <lLLoiiiil% pre.%eiiied with tho.%e i'eLOt'dts. It ciEIv iliLliide considLfcltioii of £iny uiiusual ilL'ms OL di.%Llosure.% in IhL accounts, aii(I seLkn'iig cxplanalion.s fr()In you <lS charity tl-LlSteL% concerning (iny siich Inallers. My i'ole 1% to tslatc whether any In<llCi'ial ill<ltlci's114iVC conie to iny aitcnlioii giving m¢ C1£ usc lo bclievc.. Tliat aLcoiiiitinu record% were n()I kepc in (icLoi-dance with iection 386 of the Compdnies Act IOU6 Th¥1L ihe acLounls do not accoi'd with ihose 4icLoiintiiig recoi-ds 'rh<1t Ilie accounts do nor comply willi tlie 1< LCOUliting rcquiremcnl.% of %cclioii 396. ot Llic Conipdiiics Aci 2006 and witli the nieihods aiid principle8 of the Chai'ilie.4 8ialLment of ReLonimeiided Pi-aclice iipplicable lo chariiiey prep&iring iheir £lCCOLIIII% iii ciccordanLc' with tlie l-ii)<illci<il Rei)orling Siand<1rd iti)pliLable in the UK tind RLpubliL of Irel&iiid 4. 1.har Iliere 1.5 fui-lher inlonrjalion needed for a pi'oper underst¢qnding of tlie accounts to be reached. Independent exaiiiiner's statement I liave completed my eKsimiiialioii and have no concerns iii I'¢spect of Ihe mailers ( l ) to (4) lisled above and. in coniiection with followinLT the Diiectioiis of the Charity cotnmis.sion foi. Northern Ireland. I have found no Inaltei's ihal require dr<1 wing to yOLir atceiilion. Richard MLClay FCA For and on behalf of Mecreery Turkington Stockman LTD l Lanyon Quay Belfast 12 November 2023 Page 4
North Belfast Interface Netivork Company liniited by guarantee sthtemeiit of Fiiianeial Aetivilies (Iiicludiiig Summary Income and Expenditure Account) for the year ei)ded 31 March ?023 Uiirestricted Restricted Fuiids Total Total 9023 2(b23 90?2 Incoming Resources A(.'livilie.I l(J.furthÉJr Ih¢' cliai'if}'.f olJje(".fiiie,s.' Grant i'eceived ¢iiid events Notes ?88,-31)7 290,150 284,429 'rotal inconiing i"esouL'ces ?,043 288,-307 290,3.fj0 ?84,4?9 Charitable expenditiire Maii4&7¥mLiit Lind adiniiii%li'atioii (824) (28Q,9841(281,81)8) (276,.531) Total resources expended (824) 1280,984)(281,8U8) 7,898 Net income before transfers 8,-$42 7,8()8 Transfer betiveen funds Net incoming resourLes 1.219 7,3?3 8,54? Fund balances bi-OLighi forwai'd 47,616 15,917 63,.5.33 55,635 Fund balances Larried forward 23,240 72,075 All of Ilie above resiilis (ire derived from fi'om contiiiuing activite.8.All g(iins and losses i'ecogiiised in III¢ yLar are iiicluded above. The notes on pages 8 to 12 form an iiitegral part of these financial statements. Page 5
Norlh Belfast Interface Netivork Company limited by guarantee Balance sheet as at 31 March 2023 2023 2022 Not&$ Current assets Debtor% Cash al bank aiid in hand 15.176 61.800 19.270 76,976 63,533 Creditors: amounts falliiig due wiLhin one year (4,91)1) Net current assets Ne¢ assets 72,075 Capital ai)d reserves RLslrrLled tiinds Unrestricted fiinds 10 l.f,Y17 47.()16 General funds 7?,075 The notes on pages 8 to 12 torm an iiitegral part of these financial staten)ents. Page 6
North Bellast Interfaee Nttw(>rk Company limited by guarantee Balance sheet {eontinued) for the ye8r ended 31 March 2023 FOT the year elided 31 March ?023 the company wus enliiled to exempUOI) from audil under sKtion 477 of the Cornpanies Act 2006 relating to bm311 ¢otnpanies. Direclors, responsibilities: (a) The rnernbers have not required the company to obtain an audir of it$ kccoiints for Ilie year in question in accordance with section 476. (b) The directors a¢knowl¢dge their responsibilities for complying with di¢ requirements of the Act with respect 10 accounting records aiid rhe preparation of accounrs. The financial statements were approved by the Board on 12 November 20?3 and signed on its behalf by M Maguire Director Reglstratlon number N1068S28 The notes on pages 8 to 12 torm an integral part of th&8e finandal statements. Page 7
North Belfast I)Iterface Network Company limited by guarantee Notes to the financial statenients for the year ended 31 Marcli 2023 Accoiinting policies 1.1. Basis ofi. preparalioii The cliarity constitutes a public benefil entity a.s defined by FRS 102. The financiiil staiLment.% have bLeii piepaird in accordance with Accoliiiling and Reporling by Chic rities.. Staletnenl of Recoiniiiended PractiLc dpplic<lble lo chai'iiies pirpaiiiig thcir 41ccounls ILI accoi'daiicc willi Ihc Financial Repoitin Standard <l1)pIicdble iii the UK <iiid RLpublic of Ireland issued in October 2019, the Finaiicial Reportin¥ Srandarcl applic<ible in the Uniled Kiiigdom and Repliblic of Irelaiid (FRS log the Ch¢iritie8 Act 2011, tlie Conipiinie% Act 2006 <iiid UK Generally AcLepied Accounling Praclice. 1.2. Fund Accountiiig UIiLe.%lriLled fiiiid.% are <ivail<ible fui. ll.se ai the discrelioii of the ti118tees iii ftiiiher¢oiice of the general obJectlVL.8 of Ihe Ll)aiily. Desigiiaied fiinds ¢ire iiiii'e511'iLted tuiids eai'mai'ked by Lhe direcloi's foi. P¢lLtiLulili- piirposes. Re.stricted tund8 al'e .subjecie(I to r¢.%lrictioiis on theii. expenditure imposed by Ilie doii()r or tlirougli Ilie tei-In,% uf un appeal 1.3. Re.sourLes IiiLumingF resources All iiicomiiig re.source$ 4lre included in the SOFA when the ch<11'ity is leo¢illy enlilled lo the income and the <imounl can be qil<inlified wilh reasoncible IlCCIII'aCy. Donations lire included as iiiconie when they are received. No aiiiouiils arc included iii ilie fin¢iiiLial %tatemenl% for .%ei'viLe.% donaied by volunteer%. ResourLes expended All expenditure i.s accounted foi. on an £1ccrual.s basi.5 dnd ha.s been clic ssifiecl under headings that 1ggrgalO all costs relating to Ilie category. Wh¥re costs cannot be dircctly attributed to parliciilcir heading5 they have been (IIIoLdl¢d lo aLtivities on a bdsls coiisislent with use of the i'e.%oiircc%. Page 8
North Beltast liiterface Network Compan), limited by guarantee Notes to the financial statenients for the year ended 31 Mareli 2023 continued Employees Number of employee5 The <lveragve nionlhly nunibers of employees {inLluding the diiectQLS) during the year WLrL'. 2023 2D22 Einployed Eniployiiient costs 2023 2022 Wagcs and siilariLs 109,854 111,693 TherL were no employee% e<lrning ovei- £60,0()O iii Ilie two year5 elided 31 M&il'cI) 20?3. 3. Income from charilable aLlivities Unrestricted 2023 RestrictL,d Total 2023 21123 Total 2022 Grants and donations Inlerii¢i1ii)Ilcil Fund For Ircland Belfast City Coiiiicil ThL Execuiive 01-fi¢e Genei'(Il Incoine Nl Conimiiiiily Relations CounLil Dep¢wlinent of Forcigii Atfdir.s and Ti'ade RcLonLilialiun Funds St Siephen% Green Trust 197,557 11,490 197,557 11,490 17,56.5 223.092 24,746 4.676 ?8,685 30,193 I1,50? ?0.000 11 .-502 20,000 ?88.307 290,350 ?84,499 In 2022 of the charitable income £281, I30 was attributable to resiricted income fuiid.s with the balaiice £3.299 addinu to unrestricted incoine. Page 9
North Belfast liiterface Network Company limited by guarantee Notes to the fiiiancial statejnents for the year ended 31 Marcli 2023 Lontinued 2023 2022 4. Total resoui'ces expended Wa(yes and pension co.sis Relit and l-oom liire InsLII'(IIILe Pi'oj¢cl woi-kers. <icliviliLS and facilit<ltiuii Light <?iid heal Cle<iiiing Printiniy po.%tage <iiid stationeiy Telephoiie IIidcpLndeiil oxaniin<i1ion Baiik charge% Cjeiierdl expeii%es 109,854 13.781) 2.?5U 147,412 111,693 14,180 1,1124 137,747 2,?31 1.575 ?.o()I 2.498 1,7U() 1,664 2,474 1,008 424 I,xio 4.33 281,808 ?76.531 In 2022 ot rhe Lhi< ritable exs)ciidilLire £275,698 Wl£ s alli'ibiilable to reslricled tund% willi the balaiice £833 r¢latiiig lo uni'esli'iLILd tiinds. Taxation No liabilily to IIK coi'por<ltioii (<iX ai'iscs on ordindry activities for the y¢ai'. The Lompaiiy is li registei'ed Lharily Incorporation North Belt'ast Inteilace Network 1% a coinpany Itiiiiied by guai'antee and does iioi have d share L£1Pltal.The liabiliiy of the inembers is liniited tu ali amoiiiit iiot exceeding £ I pei. menibei.. Page 10
North Belfast Interface Network Compan), limited by guaraiitee Notes to the fiiiancial stateinents for the year ended 31 Marth 2023 continued Fixtures, rittings and equipment Tangible fixed assets Total Cost At l Api-il 2022 Ai 31 Mdl"ch 2023 6,34? Depreciation Ai l April 20?2 6,-142 Al 3 l M<lrcli 20?3 6..342 Debtors 2023 202? GrcinLs diie 19,270 Creditors: amounts falllng due witliin one yeai" ?023 2022 Accruals and defeiied iiiLome 4,901 Page 11
North Belfast Iiiterface Network Company limited by guar?K ntee Noles to the fiiiancial statements for the year ended 31 March 2023 continued 10. Statement ot. runds Restricted Uni'estricted reserve reserve Total Tothl reserves at l April 2022 Total iiicc)Ine for ihe year Tuliil expLndiiure for tlie yLar Tolal re.serves at 31 March 20?3 15,917 ?88,307 (280,984) 47,616 63,533 291).3.5(1 (824) {281 ,808) 23.240 48,835 The resti-icled i'esei've repi'esent5 m()nies rhat al'e siibjeLt Lo i'estrictiun on theii. L'xpcnditiire iiiiposed by the dunoi.. The.se funds al-e iiol av<iil<ible foi genei'al ch<li-ity expeiises <iiid niu%t be %peiil oli expeThdiliire tii)uldted by the tunder. The unre.slriclL.d i-e5eive iepresenl8 the frec tunds of the charity whi¢li not dc.%ign4ltcd t'L)r particul<ir PLifpo8es. ii. Analysis rjf net assets between t'unds R¢strictt(l Unrestricted reserve reserve Total Fund Balances at 31 March 2023 rLpresented by; Curr¢nl asset.s Cunent liiibililies 28,141 (4,901) 76,976 (4,901) Total net assets ?3,240 48.835 7?,075 The restricted I'e8ei've repiEseiits moiiies thal al'e subject Lo restriciioii on Iheir expendilLir¢ imposed by the donoi.. These fund5 al-e not availabl¢ foi. geiieral cl]-[tY expenses and niust bc spent on eKpendilure sIipLilated by Ihe ftiiider. The uiirestricted ie8ei-ve rcpre%eii15 the free fuiids of the charity which are not desigii&ted t'or parliciilar PULPO.%e8. Page 12