COMPANY REGISTRATION NUMBER: R000337 CHARITY REGISTRATION NUMBER: NIC106075 Irish Temperance League (Incorporated 1900) Cornpany Limited by Guarantee Financial Statements 31 December 2022 11111111 * JCO82P56* 2910312023 ' COMPANIES HOUSE JNI 1306 DD Chartered Accountants 427 Holywood Road Belfast BT4 2LT
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Financial Statements Year ended 31 December 2022 Pages Trustees, annual report (incorporating the direclor's report) 1to4 Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Slatement of financial position statement of cash flows Notes to the financial statements 9t016
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) Year ended 31 December 2022 The truslees. wty) are also the direciors for the purposes of company law. present their report and Ihe unaudited financial ststements of the charity for Ihe year ended 31 December 2022. R•fer•nc• and admlnlstralive details Reglslered charlty nam• Irish Temperance League (Incorwated 1900) Charlty reglslratlon number NIC106075 Company registrallon number R000337 PrlnG•pal office and registered Irish Temperance League (Incorwated 1900) Muir 8uilding 427 HOl00d Road 8elfast 8T4 2LT The Irust••s Mlss HM Boland Miss P Boyd Mr TWG 8riggs Mr JR Gibson Mr EG Johnson Rev JT Lamb Mr JG Nicholson Dr DG Patterson Or ZG Pickering Mr TL Place Rev WJ Rea Mr AH Wood (Appolnled 15 March 2022) (Resigned 14 January 2023) Company secretary Dr ZG Pickering Independènt •xamln•r Paul Lealhem FCA of Mvir & Addy Chartered Accountsnls 427 Holywood Road Bellast BT4 2LT Structure, governance and management Governlng Oocument The organtsation is a chariiable company limiied by guarantee. The company was eslablished under a Memorandum ol Association which established the objecls and powers of the company and is govemed under its Articles of Association. In the event of the company being wound up members are required io contribute an amount not exeding £1.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (c(Mtlnued) Year ended 31 December 2022 Struelure. govemance and management (con¢inuedJ Recrultment and Appointment of Dlraclors The direciors of the company are also charity trustees for the purposes of charlty law. Under the requirements of the Memorandum and Articles of Association the d1ClOrS are elected to serve lor a period of ihree years after which Ihey must be re-elected at the next Annual General Meeting. The directors of Ihe company have a mix of business and other skills. In the event of particular skills being lost due to ret1ment or resignation. suitable individuals a approached to offer tMSelveS for appointment as directors. Olre¢tor Inductlon and tralnlng fv1ost new directors are already familiar wilh the work of the charity. New directors are encouraged attend suitable training courses to farnllbarlse themselves with boih the WO of the charfty 8nd their responsibilities as directors. Rlsk management The direclors have carried out a vieW of Ihe major risks to which the charity is exposed. and where appropriale have put in place sterns and controls lo mitigale the effects of those risks. Objectlves and acllvltles The prlndpal actlvitles of the company are to promote an alcohol-free 3rKI drug-free lifestyle by the advocacy of total abstinence from alcohol and other darKJerous drugs. to promote the dbSCUSSiOn, consideratlon and research of any question relating to and alcohol use. and to provide resource and developmenl means for the aforesaid purposes. Achievemènls and perfomiancè Revlew of actlvltles In the year ended 31 December 2022 grants totalling £65,231 awarded to 9 different organisations. These organisations satisfied the grant awarding.Criteria and Condilions through either completion of an Applicalion Forni (for Projects and Core Funding) or a Report to a meets'ng of the Directors (for Associateship Funding). The 8¥vards to Assoeialeship organtsations Included within grants this year were namely Hope North West, Slauros Foundatk)n, Exodus Trust, Chrlstl8n Family Centre. Recovery Café Loughbrickland and Portadown Temperance Council. Flnancial review The years activities resulted in a decrease in funds of £153.737. The direclors will be devoting Iheir efforts to continue the principal aclivities ol the company wiihin the constraints of the finance available. The principal funding source is by way of investrnenl income. The principal expenditure is the paymenl of grants to organisations which promote alcohol-free and drug-free lifestyles. particularly to young people. The surplus this year is due to an increase in the valuation of the investrnenl portlolio. ReseNes pollcy The directors have examined the char51Vs requirements reserves In the light of the main risks to the funding of the organisatx)n. Unrestricted funds are Cuffenlly £1,694,467 and this level of reserves would be sufficient to fund the organisation's wnning eosts for a period of approximately 21 years al current levels of spending. As the sole source of inccme is currenlly investment income, the directors consider Ihis level of reserves to be necessary to fund the cufreni charitsble acth'vities. The expenditure on charilable acb"vities each year is set at a level which takes inlo account the annual income frorn investrnenls.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {¢oneinuedJ Year ended 31 December 2022 Financlal revlew (cont1n Inves¢ment pollcy Ttr assets of the charity are invested to produce Ihe best financial relum within an acceptable level of risk. The obj'ective is lo achieve a balance between longer tem grow1h and current income ¥%ilh a medium risk profile, thereby generaling a sustainable level of investment income to support the current charilable aclivilies. The investmeni policy precludes direct or indirecl investment in companies involved in the alcohol. tobacco. gambling or armaments industries. The directors have appointed a professional management film, Evelyn Partners Investment Management LLP. to manage the investments on a discrets'onary basis, in line with this policy. Th8 investment management fim provide inveslment valuations and reports on a quartedy basis which are reviewed by the directors. The investment manager meets In person with the directors on a six monlhly basis. Plans for future perlods The directors will conts'nue lo award grants to groups involved in appropriate activity countering the use and abuse of alcohol and other drugs, and which meel the criteria and conditions set out in Ihe League's grants procedures. Trnslees. responslbllltles ststement The trustees, who are also directors for the purposes of comp8ny18w, are responsible for prep8rin9 the trustees, report and the financial staternents in accordance with applicable law and Llnited Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Prdctice). Company law requires the charity trustees to prepare financial stalemenls each year which give a true and fair view of the state of affairs of the charitable company and the incorning resources and application of resources. including the income and expenditure. for that period. In prep8ring these financial statements, the trustees are requlred to: select suitable accounting policles and then apply theffl consistently; observe the methods and principles in the applicable Charities SORP; make judgments and accounting estirnates that are reasonable and prudent; prepare the financial statements on Ihe going concem basis unless il ts inappropriate to presume that the charity will continue in ISIness. The trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain the charitys transactions and disclose wilh reasonable accuracy al any time the financial position of Ihe charity and enable Ihem lo ensu Ihal the financial ststernents comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventlon and deteciion of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled lo small companies exemption.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (Conilnued) Year ended 31 December 2022 The truslees, annual report was approved on 14 March 2023 and signed behalf of the board of tNslees by: f ZG Pickering Charity Secretary
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Independent Examiner's Report to the Trustees of Irish Temperance League (Incorporated 1900) Year ended 31 December 2022 MUIR & ADDY I report to the truslees on my examinalion of the financial staiements ol Irish Temperance League (Incorporated 1900) ('the charityl) for the year ended 31 December 2022. Responslbllltles and basls ol report As the Iruslees of Ihe company {and also its directors for the purposes of company law) you are responsible for the prep8r8tion of the financial statements In accordance with Ihe requiremenls of Charities Act (Northern Ireland) 2008 (the '2008 Acl,) and the Companies Act 2006 {'the 2006 Act.). You are sats'sfied thai the accounts of Ihe company are not required by charity or company law lo be audited and have chosen instead to have an indepermlent examination. Having saiisfied myself Ihat accwnts of the company are not required to be audiled under Part 16 of the 2006 Act and are eligible for independenl examinats'on, I report in respect of my examination of Ihe charitys financial statements as carrled out under section 65 of the 2008 Act, In carrying out my examination I have followed the general Directlons glven by th8 Charity Commission for Northern Ireland under section 6519)(b) of the 2008 Acl. Independent examln•r'$ Statemenl I have compleled my examination. l eonfirm thai no matters have com8 to my attenllon in connection with my examination giving me cause to believe Ihat in any material respect: accounting records were not kepl in respect of the charity as required by Sec1K 386 of the 2006 Act: or the financial statements ¢Yo noi accord with those records; or the financial statements do noi comply vrith the accounting QuirementS of section 396 of the 2006 Act other than any requirement Ihat Ihe accounts give a 'true and lairf view Mthich is not a matter considered as part of an independent examinatifx); or Ihe financial statements have not been prepared In accordance tyth Ihe melhods and principles of the Sl8tement of Recommended Practlce for accountlng and reporting by charities applicable to charilles prepan'ng their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102). I confim that there are no other matters to which yDur attention sl¥)uld be dr8wn io enable a proper understanding of the accounts to be reached. Paul Lealhem FCA of Muir & Addy Chartered Accountants Independent Examiner 427 Holywood Road Belfast BT4 2LT 14 March 2023
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account> Year ended 31 December 2022 2022 Unrestricted funds Total funds Total funds 2021 Note Income and endowmènts Inveslmenl income 59,088 59,088 59,088 50,143 50,143 Tolal Income 59.088 Expendlture Expenditure on raising funds: Investment management costs Éxpenditure on charitable activities Total expendllure (9,269) (70,778) (80,047) (9.269) (70.778> (80.047) (9,154) {37,503) {46,657) Net {losses)Igains on inveslrnents 11 (132.778) {132,778> 215,704 Net (expendlture)Ilncome and net movement In funds (153.737) (153,737) 219,190 Reconclllatlon of lunds Total funds broughl forward Total funds carrled forward 1.848,204 1.848,204 1,694,467 1.629,014 1.694,467 1,848,204 The staiement of financial activities includes 911 gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 16 fomi part ol these financial statements.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee ststement of Financial Posltlon 31 December 2022 2022 2021 Note Flxed assets Investments 16 1,S77,140 1.814,369 Current a8s•I* C88h 81 bank and In hand 124,327 40,835 Creditors: amounts falling due wlthln one year Net current asset8 17 7,000 7,000 117.327 33,835 Total assets1088 current IlabllSlle8 1,694,467 1,694.467 1,848,204 1,848,204 Net assets Funds of the charlty Unresiricied funds 1,694.467 1,694.467 1,848,204 1.848,204 Total charlty funds 18 For the year ending 31 December 2022 th8 charfty was enlltled to exemption from audlt under section 477 of the Companies Act 2006 relailng to small companies. Directors, responsibiliiies: The members have nol required the company lo obiain an audit of rts fin8ncial statements for the year in question in accordance wilh section 476; The directors acknowledge thelr responsibilities lor complylng wilh the requirements ol Ihe Acl with respecl to accounting records and the preparation of financial ststemenls. These financial staiements have been prepared in accordance with the Pfovisions applicable to companies subj'ect to the small companies, reglme. These financial st8iemenlS were approved by the board of tru$te8s and authorised for issue on 14 March 2023, and are signed on behalf of the board by: Miss P Boyd Trustee Mr JG Nicholson Tnjstee Tho notes on pages 9 to 16 fonn part of these financial statements.
Irish Temperance League (Incorporated 1900) Company Llmlted by Guarantee Statement of Cash Flows Year ended 310ecember 2022 2022 2021 Cash IIow8 from op•ratlng actlvllles Net (expendilure)Iincome 1153,737) 219,190 Adjuslmenls lor.. Net lossesl{gains) on Investments Dividends, interest and rents from investments Other interest receivable 8nd similar income Interest payable and similar charges Accrued expenses 132,778 (58,859) ¢229) 42 (215,704) (50.103) {40) 49 300 Changes in., Trade and other creditors 4.000 Cash generated from operations (80,005) (42,308) Interest paid Inierest recelved 142) 229 (49) 40 Net cash used In operatlng aclivities (79,818) (42,317) Cash flows from Invesling activil•e$ Dlvidends, inlerest and r8niS from investments Purchases of other inveslments Proceeds from sale of other investMtS 58,859 50,103 (29,019) (101,601) 133,470 116,245 163,310 64,747 Net cash from investing aclivilies Net Increase In cash and cash equlvalent8 Cash and cash equlvalenls at beglnnlng of year Cash and cash equlvalents al end ol year 83,492 40,835 124,327 22,430 18,405 40.835 The nolos on pages 9 to 16 forni part ol thes• flnanclal statements.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2022 General Inforniatlon The charity is a private company Ilmiled by guarantee registered In Northern Ireland (Company No. R000337), registered as a charity with the Charity Commission for Northem Ireland (Charity No. NIC1060751 and recognised as a charity by the Inland Revènue (Reference No. XN46645). Statement of compliance These financial statements have been prepad in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Statemenl of Recommended P(actice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP) (FRS 102) and Ihe Charities Act (Northern Ireland) 2008. AcGountlng policles Basls of preparatlon The financial statements have been prepared on the historical cost basis. as modrfied by the revaluation of certain financial assets and liabilities and inveslment properties measured at fair value through income or expenditure. The financial statements are prepared in sierling, which is the functional currency of the enlity. Golng concern There are no material uncertainties about the charitys ability to conts'nue. Judgements and key sources of estlmatlon uncèrtalnty The preparation of the financial statements requires management to make judgements, estimaies and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretlon of the Injstees lo further any of Ihe charitys purposes. Designated funds are unrestricled funds earmarked by the trustees for particular fulure projecl or commitment. Restrlcted fijnds are subjected to restrictions on their expenditure declared by the donor or Ihrough the terms of an appeal, and fall inlo one of two sub-classes.. restricted income funds or endowmenl funds. Incomlng restsurcés All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefils associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular calegories of income..
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements {contlnue¢lJ Year ended 31 December 2022 Accountlng pollcles (continued) Incoming resources (contlnued) income from donalions or grants is recognised when Ihere is evidence of entitlement lo Ihe 9ift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. Resources expended Expenditu is recognised on an accruals basis as a liability is Incurred. Expendilure includes any VAT which cannol be fully recovered, and is classified under headin9s of the statement of rinancial activities to which it relates expenditure on raising funds includes the costs of all fundraisir¥J aclivities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all cosls incurred by a charity in undertaking activilies thal further its charitable aims for the benefit of its beneficiaries. including tt)ose support costs and cosls relating to Ihe governance of the charity apportioned to chariiable activities. 'other expenditure includes all expendlture that is nelther related lo raising funds for the charity nor part of Its expendilure on charftable activities. All costs are allocated to expendlture categories reftecling the use of the Trsource. Direct costs attributable to a single 8Ctivity are allocated directty to that activity. Shared costs are apprortioned between the activities ihey contribute lo on a reasonable. justifiable and consistent basis. Tanglble assets Tangible 8ssets are initially recorded at cost, and subsequenlly slated 81 cost less any accumulated depreciation arKJ impairment losses. Any langible 8ssels carried at revalued arnounts are recorded 81 the f8ir value al the dale of rev8luatK•n less any subsequent accumulated depreciats'on and subsequenl accumulated impalrment losses. An increase in the carrying amount of an asset as a result of a revaluation. is recognised In other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the slalemenl of financial activilies. A decrease in the carryirvJ amount of an asset as a result of revaluats'on, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within Olher recognised gains and losses on the statement of financial activities. Depreclat5on Depreciation ts calculaled so as to wrile off cost or valuation of an asset. less Its residual value, over the useful economic life of that asset as follows: Fixtures and fittings 20% straight line 10-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financlal Statements (¢ondnuedJ Year ended 31 December 2022 Accounllng pollcles (Gon(Inued) Inv•stment$ Unlisted equity investments are initially recoftJed at cost, and subsequèntly measured 8t fair Value. If fair valu8 cannot be reliably measured. assets 8re measured ai cost less Impairmenl. Listed investmènts are rneasured at falr value with changes in fair value being ognISed in income or expenditure. Impairment of flxéd asséts A review for indicatots of irnpairment Is carrSed out at each reporting date. with Ihe recoverable amount being esiimated where such Indlcalors exist. Where the carrying value exceeds ihe recoverable arnnt, the asset Is Impaired accordingly, Prior impairrnents are also feviewed for possible reversal at each reportin9 dale. For the purposes of impaiment lesling. when it is not possible to estimate Ihe recoverable amount of an indNidual asset. an estimate 6 Made of the recoverable amount of Ihe cash- generating unit to which the asset belongs. The cash-generating unit is the smallesl identifiablè group of assets that includes the asset and genwates cash inflows that largely independent of Ihe cash inflows from other asseis or groups of assels. For impaimenl testirKJ of goodvAII, tha goodwill acquired in a business combination Is, from the acquisition dala. allocated to each of the cash-generating units thal are expecied to benefit from Ihe synergbes of the comblnallon, Irrespective of whether other assets or liats'lities ol the charlty are assigned to those unlis. 11
Irish Temperance League (Incorporated 1900) Company Llmited by Guarantee Notes to the Flnanclal Statements (¢ontlnued) Year ended 31 December 2022 Aecountlng pollcles (continued) Flnancial instrumonl$ A financial asset u a financial liability is recognised only when the enilty becomes a party lo Ihe contractual provisions of the Instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current Ilabilities a subsequently rneasud al the cash or otrèr consideration expeded to be paid or received and not discounted. Debt Instruments are subsequenuy measured al amortised cosl, Where invesiments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, thè investment is subsequenlly measured at falr value with changes in fair value recognised In income and expenditure. All other such investments are subsequenlly measured at cost less impairmenl. Financial assets Ihat a measured at cost or amortlsed cost are reviewed for objective evidence of impairrnenl al the end of each reporting date. If there is objective evidence of impalnnent, an impairmenl loss is recognised under the appropriate heading in the statement of financial acllvilies in which Ihe initial gain was recognised. For all equity Instruments regardless of slgnlficance. and other financlal assets thal are individually significant. these are assessed Individtsally lor impairnienl. Other financial assets are either assessed individually or grouped on the basis of similar ¢redrt risk chaf8Cteristics. Any reversals of impairmenl are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment nol previously been recognised. Llmlt•d by guarantee The company 15 a charitable company limiled by guarantee. In the event of the company being wound up rnembers are required to contribule an amount nol exceeding £1. Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Income from listed investments Bank interest receivable 58.859 229 $8,859 229 50,103 40 50,103 40 59,088 59.088 50,143 50,143 12-
Irish Temperance League (Incorporated 1900) Company Llmited by Guarantee Notes to the Flnanclal Statements (¢ondnued) Year ended 31 December 2022 Inveslment management costs Unreslricted Total Funds Unrestricled Total Funds Funds 2022 Funds 2021 Portfolio managemenl 9,269 9,269 9.154 9.154 Expendlture on charltable actlvllles by fund type Unrestricted Total Funds unStricted Total Fun¢Js Funds 2022 Funds 2021 Grant funding activities Support costs 67,355 3,423 70,778 67,355 3.423 70,n8 34,434 3,069 37,503 34,434 3,069 37.503 Expenditure on charitable aGtlvities by aclivlty type Grant funding of activits'es Support costs Total ftlnds 2022 Total fund 2021 Grant funding activities Govemance costs 67,355 67.355 3,423 70,778 34,434 3,069 3,423 3.423 67.355 37,503 Analysls of support c¢Yats Anatysis of support costs grant funding activities Total 2022 Total 2021 Govemance cosls 3.423 3,423 3.069 10. Analys55 ot grants 2022 2021 Grants lo Institutions Granls to lnslilutiS 65,231 65,231 33.000 Total grants 33,000 11. Net (1088esVgalns on Inveslfflents Unreslricled Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Galnsloosses) on listed investments (132.778) 1132,778) 215.704 215.704 13-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnue Year ended 31 December 2022 12. Independenl exarnlnatl( lees 2022 2021 Fees payable lo the Independent examiner for.. Independent examination of the financial statements 2,700 2,71X) 13. Staff costs The totsl SL8ff costs and employee benefts for Ihe reporting pèriod are analed as follows". 2022 2021 Wages and salaries The average head count of employees during the year was Nil (2021: Nil). No employee recelved employee benefits of more than £60.000 during the year (2021: Nil). 14. TNstee remuneratlon and •xpens•s No rernuneration or other benefits from employment wlth the charity or a re181ed entity were received by Ihe irustees,. 15. Tanglble fixed ass•ls Flxtures and flttings Total Cost At 1 January 2022 Dlsposals At 31 December 2022 7,101 (7,101) 7.101 {7.101) Depreclatlon At 1 J8nu8ry 2022 Dlspos815 At 31 Decemb•r 2022 7,101 (7,101) 7,101 (7,101) Carrylng amounl At 31 December 2022 At 31 December 2021 -14-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements f¢ontlnued) Year ended 31 December 2022 16, Inv•$iments Cash or cash Listed equivalents investrnents Total Cost or valuation At 1 January 2022 Additions Disposals Fair value movements 122.469 {115.516) 1,691,900 1,814,369 144.535 29,019 (105,010) 1IOS,010) (161,238) 1161,238) 1,570,187 1,577,140 Al 31 Decombor 2022 6,953 Impalnnent Al 1 January 2022 and 31 December 2022 Carrying amounl Al 31 December 2022 6,953 122,469 1,570.187 1,691,900 1,577,140 1,814,369 At 31 December 2021 All investments shown above are held at valuallon, Flnanclal a88et8 held at falr value All investmenls are carried at their fair value. Investrnents in equities and fixed interest securities are all traded in quoled public markets, primarily Ihe London stock Exchange. The basis of fair value for quoled investments is equivalent lo the market value, using the bid price. Assets sales and purchases are recognised at the date of trade at cosi (that is Iheir transaction value). 17. Credllors: Jmount$ falllng due wlthln one y••r 2022 2021 Accruals and deferred Income Approved grants 3,000 4,000 7,000 3.000 4.000 7.000 15-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 December 2022 18. Analysls of charitable funds Unrestrlcted lunds At 1 January 2022 Gains and 31 December losses 2022 Income Expendilure General funds 1,848,204 59,088 (80,047) {132.778) 1,694,467 At Gains and 310ecember losses 2021 At 1 January 2021 Income Expendilu General funds 1,629.014 50.143 (46.657) 215,704 1,848,204 19. Analysls of net assets between lunds Unreslricled Tolal Funds FUrS 2022 Investments Current assets Creditors less than 1 year Net a55ets 1.577,140 124,327 (7,000) 1,694,467 1,577,140 124.327 17,000) 1.694.467 Unreslricted Totsl Funds Funds 2021 Investrnenls Current assets Creditors less Ihan 1 year Net •ssets 1,814.369 40.835 (7.000 1,848,204 1,814,369 40,835 (7,000) 1,848,204 20. Flnanclal Instruments The Carng amount for each category of financial instrument is as follows; 2022 2021 Flnanclal assets measured at falr value through Income and expendlture Investments measured at fair value through income and expenditure 1,577.140 1.814,369 21. . Analysi5 of changes in net debt Al At 1 Jan 2022 Cash flows 31 Dec 2022 Cash at bank and in hand 40.835 83,492 124,327 16.