Charity registration number NIC107181
Company registration number N1645803 (Northern Ireland}
MARROWBONE COMMUNITY ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
COMPANIES HOUSE
BELFAST
*)CXTICXE*
2810V2024
COMPANIES HOUSE
JNI
#7

MARROWBONE COMMUNITY ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Dir•¢tors
Oavid Adams
Denise Burns
Philip McTa99art
Rory O'connor
Ruairi Og O'C0nr￿r
(Appoinled 5 February 2024)
Ch•rlty number
NIC107181
Company numbef
N1645803
Roglsler•d offlce
11113 Gracehill Court
Belfast
BT14 7RG
Ind•p•ndant •xam¥n•r
F(wnlaln AccLMJnling Ltd
2nd Floor
Donegall House
98-102 Donegall Street
Belfast
BT12W

MARROWBONE COMMUNITY ASSOCIATION
CONTENTS
Page
Oirectorfs report
Independent examinels report
Slaiemenl of flnancial acllvilles
Balance sheet
Notes to the financial statements
6-13

MARROWBONE COMMUNITY ASSOCIATION
DIRECTOR'S REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MAY 2023
The directors piesenl Ih8ir annual report and financial statemenls for the year ended 31 May 2023.
The financial statements have been prepared in accordance wlih the accounting poliLi¥S sel oul iii nole 1 to the
financial stalemenls and comply wilh Ihe charity's governing document, the Companies Act 2006 and
"Accounling and Reporting by Charities.. Sialemenl of Recommended Practice applicable to charities preparing
their accounts In accordance with the Flnancial Reporting Standard applicable in ihe UK and Republic ol Ireland
IFRS 1021. (as amended for accounting periods cornmencing from 1 January 2016)
Objectives and activitles
The organisations objects are to-
To promote the benefit of Ihg inhabilanls ol the Marrowbone area and its environs without distinclion of age.
gender race, political. religiou$ or olher opinion. by association with slalulory aulhorities. volunlary organisalions
and inhabilanls in a common effort lo advance educaiion and lo provide facilities in the interests of social
welfare, for health, recreation and.18isure lime occupalion. with the objecl of improving the conthtions of lifè for
the said inhabitants.
To promote co-operation tse￿een local cornmunlty groups wllh the object ol improving the conditions ol life for
th8 inhabilanls in the area ol benefit.
To promote and co-ordinale Gommunity developmenl, by enhancing Ihe local S¢Xial inlra$tru¢lure through
support, training and resourco provision.
The charity trustees hav8 complied with their duty lo have due regard to lh8 ¢ommission's public benefit
gtsidance when exercising any pmrs or duties lo which Ihe guidance is relevanl.
The directors have paid due regard lo guidance Issued by the Charity Commlsslon in déciding what actlvilies Ihe
charity should undertake.
Achievem•nls and performance
Revlew of the year
Tho company was in¢orporaled on 161h May 2017, N1645803.
Phase Two of the refurbishment of the hall has been compleled and as of May 2022. Teach Eills is fulty
operational,
A wide range of community organisalions avail ol Teach Ellis on a weekly basis. It is home lo Sacred Heart
Boxing Club and also hosls a youth club, men and women groups and a cornmunily garden.
Various programmes throu9houl Ihe year were organised by the Community Developfflenl Workef and Youth
Developmenl Worker to furlher our objectives and conlinve lo promole the a¢livilies of Marrowbone Community
Association. These activities continue lo have a tangible positive effect on our community.
The directors have assessed the major risks to which the charity is exposed, and are satisfied thal systems are in
place lo mitigate exposure lo the major risks.

MARROWBONE COMMUNITY ASSOCIATION
DIRECTOR'S REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED)
FOR THE YEAR ENDED 31 MAY2023
Structur•• gov•rnanc• and manag•rnent
Th• c￿11￿18 a ¢gmpBny Ilmll•d by guaronle•.
Tho dlr•ciors who •erve<l *Jurfng lh• yPAf and up lo the d8ie ol 81gnnlur¥ of the ltnandal Wtemgnl$ 44Yr¢'.
D3vld Adoms
Den18• Bums
John M4llon
Phlllp MGTa994rl
Danlél Cah￿n
Rory O'connor
RuAlrl 09 O'Con￿r
IRe6bgnèd 6 Febru3ry 2024)
(Resloned 6 Febrnary 20241
(Apponled 5 F•bru6ry 20241
P40ftts ol tho dlr8clors h88 •ny b•n•fldaJ Inlerpll In Iho ¢tsrnp•ny. ALI of tho ¢lre¢tm aro members ol lh• cofflpany
nd guaranl•e to k*nirtbule £1 In Iho ovenl of a wlndlng up.
Th• dlwl¢¢8 report w•• •pprrJved by Ihfj 80•￿ of Olreetor8.
Rualrl èg O'connor
Oliactor

MARROWBONE COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF MARROWBONE COMMUNITY ASSOCIATION
I fepoit lo Ihg diTeclor5 on my examination ol the financial slalemenls of Marrowbone Community Associalion (the
charity) for the year endéd 31 May 2023.
Responsibilities and basis of report
As the directors ol the charity (and also ils directors for the purposes of company lawl you are responsible for the
preparation ol the financial statem8n18 In accordance with the requlremenls of the Companles Act 2006 (the 2006
Act).
Having satisfied mysell ihal th8 financial slalemenls of the charity are not required lo be audited under Part 16 of
Ihe 2006 Act and are eligible lor independent examination, I report in ￿sPeCt of my examination of the charity's
rinanrial 51alemenls carried out under section 65 of the Charities Act. In carrying oul my examSrbalion I have lollowed
all the applicable Direcllons given by the Charity Commission under secllon 65(9llb) of the Chanties Act.
Independent examlnerfs statemenl
I have completed my examination. I confim) that no matters have come to my attentlon in connection with the
examination giving me cause lo believe Ihal in any material respecl-.
8ccounting records Wère nol kepi in respect of the charity as require<J by section 386 of Ihe 2006 Act; or
the financial slalemenls do nol accord wilh those reGords: or
the financial slalements do not comply with the accounting rèquirements of section 396 of Ihe 2006 Act other
than any requirement that the accounls gNe a Irue and fair vlew which is nol a matter considered as part ol an
independent examlnalion., or
the financS81 slalemenls have not been prepared in acGordance wllh Ihe melhods and pAnclples of the
Statement of Recommended Praclice lor accounting and reporiing by eharili8s applicable lo ch8rilie8
preparing their accounls in accordance wilh Ihe Financial Reporting Standard applicable in the UK and
Republic ol Ireland {FRS 102}.
I have no concerns and have come across no other mafters in connection with the examinalion lo which allenlion
should be drawn in Ihis report in order lo enable a proper underslanding ol the financial slalements lo be reached.
Fountaln Aceounting Ltd
2nd Floor
Done9all House
98-102 Donegall Slreel
Belfasl
BT1 2W
Daled.. lry...a%:.u..

MARROWBONE COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MA Y 2023
Unrestricted Restrlcted
funds
funds
2023
2023
Total Unrestricteql Reslricted
funds
funds
2022
2022
Total
2023
2022
Nol•s
Incomè Irom:
Grant5 and Donations
Charitsble aclivities
600
36,173
154,022
7,906
1S4,622
44,079
1,100
14.135
147,935
7,906
149.035
22,041
Total Ineom•
36,773
161.928
198,701
15,235
155,841
171,076
Charitablè aclivliles
35.699
162,270
197.969
15,235
171,870
187,705
Nel incomel(expendllure) and
movement in funds
1,074
(342)
732
(16,0291
<16,0291
R•conclllatlon of fund8'.
Fund balances al 1 June 2022
1,385
131,547
132.932
1.385
147,576
148.961
Fund balances at 31 May
2023
2,459
131,20S
133,664
1.385
131,$47
132,932
The stalemenl of financial activities includes 011 gains and losses recognised in the year. All incorne and expenditure
derive from continuing aclivilies.

MARROWBONE COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT 31 MAY 2023
2023
Z022
Nol••
Flx•d asselg
T8nglblo 08801$
Curronl a8g•ls
Cash at bank 8nd In hgnd
459.273
470.8S6
33,260
32,624
Cr•dltorn: •mount$ lalllng due wlthl
on? ye&r
10
<3,106
18.8811
Nel Curronl &8s•I•
30, 152
2S,743
Tol•l a•$•to Ivs• ¢uvr•Dt Il•blllll•¥
489.425
490.599
D•f•frnd Incom•
11
135S.7611
(363,667)
Incam• fund8
Genèrel reslrlcled lund8
Rèvalutytlon r•sefva
21,205
110.000
21.547
110,000
12
131,205
2,459
131,547
1,385
Unr•8lrt¢l•d ftjnds
133.684
132,932
Th• comp•ny16 •nUlled lo thè exempllon fiom lh• audll r•qulr8m•nl COnl•lrod In se¢llon 477 of the Companl8s Act
2005, for tha y•ar gnded 31 May 2023.
The dlreclors aCknth￿•dg& Ih8lr rEsponslbS1ilios for ¢orrolying wllh Iho faqulremenls ¢1 the Companles Act 20Q6
¥￿1h re8p•cl its ac¢ounling rgcords gnd Ihe prepornlion ol nnanclal slal•menls.
Thfj m8mb8ts hgV8 nol requlred Ihg ￿mPanY to obl8ln gn avosll ollls ljnandal $lal•mgnls lor Ihe year bn que$Uon
In 8ccordancg vAlh S•¢tion 476.
Tha8& fin8n¢lal slalemonl$ h•ve b•on Pre￿1ad In accordonce wllh Iho provlglons appllcBbl• lo companl•s $ul¥ect
lo lh8 small ctsmp8nSBs re9lmB.
Th• llnancl81 $18lemenl8 were appro￿￿ by lh¢ Dlreclor6 on ,.Xi...ul.. I
RuAlrl (ig O'connor
Dlr•¢lor
C4)mpany Roglslratlon No. N164S803

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
Accounting policies
Charity inlorniation
Marrowbonè Community Association is a private company limilecl by guaran￿8 incorporaled in Northem
Ireland. The registered office is 11113 Gracehill Court, Bellasl, 8T14 7RG.
1.1 Accounllng ¢onvention
The financial statements have been prepared in accordaneè wilh Ihè charivs govèming document. the
Companies Acl 2006 and "Ac¢ounling and Reporting by Charities: Slatement of Recommended Practs'ce
applicable lo charilies preparing Iheii aGcounts In accordance with Ihp Financial Reporting Standard
applicablg In Ihe UK and Republic of Ireland IFRS 102)" las amende¢J for arcounling periods commgncing
from 1 January 2016). The charily is a Public Benefit Entity as defined by FRS 102.
The charily has taken advantage of the provisions in the SORP for charities applying FRS 102 Up(Jate 8ullelin
1 not to prepare a Slalem•nt of Cash Flows.
The financial st8lemenls afe prepared in s1orlin9, which is the funcllonal curiency of the charity. Monet8ry
amounts in Ihese financial slalemenls are rounded to the nearest £.
The financial siatemenls have been prepared under Ihe hislorical cost convention. [modified lo indude the
r¢valualion of freehold propertles and lo include inveslmenl properlies and certain financial inslrurnenls al fair
value). The principal accounting policies adopted are set oul below.
1.2 Going Concern
Al the lime of approving Ihe financial siatements, the direclors have a reasonable expertation that Ihe charity
has adequale resources to continue in operational existence for the for8seeable tulure. Thus the directors
continue lo adopt the going concern b88is of accounting in pieparing the financial siatemenls.
1.3 Charllablè funds
Unreslricled funds are available lor use al the discretion of the direclors in furtherance of their Charitable
obje¢lives.
Reslricled funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are sel out in the notes lo the financial stalemenls.
Endowment fijnds are subiecl lo speciffic ¢ondilions by donors that the capilal musl be Maintained by the
charily.
1.4 Income
Income is rewnised when the charity is legally enlilled to it after any performance condilions have been mel.
the amounts can be measured reliably, and il is probable that inceme will be received.
Cash donations are recognised on raceipt. Other donations are recognised once the charity has been notified
of the donation. unless performance condilions require deferral ol the amounl. Income tax recoverable in
relation lo donations received under Gift Aid or dee(is of covenanl is recognised al the lime of the donalion.
Le9acies are recognised on receipt or Otherwise if Ihe charily has been notified of ¥n impending dislribulioh.
Ihe amount is known. and receipt is expecled. If Ihe amount Is not known. the le9a¢y is Irealed as a
conlingenl asset.

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2023
Accountlng pollcles
(Contlnued)
1.5 Expendilure
Expenditure is recognised once there is a legal or conslructlve obligation to transfer economic benefit to
third party, il Is probable Ihal a transfer of economic benefits wlll be required in settlement, and the amounl ol
Ihe obligation can be mea$ured reliably.
Expenditure is classified by activity. The costs of each activity are made up ol the total ol direct costs and
shared ¢osls, in¢luding $UPPOrt wsts involved in undertaking each activity. Direct costs attributable to a single
activity are allocaled directly lo that activity. Shared costs which conlribute lo mora Ih8n one activity and
support costs which are not attributable lo a single activity are apportioned botween those activities on a basis
consislenl wilh the use of resources. Central Staff costs are allocated on Ihe basls of lime spent, arKI
depreciation char9es are allocated on the portion ol the assel's use,
Prolesslonal fees
1.6 Tanglble fixèd assets
Tangiblè fixed assets are initially measured at cost and subsequently measured at cosl or valuation. net ol
deprecialion and any impairrnenl los$es.
25% slraighl liné
Oepreclalion Is faCO9nis•d so as to write off Ihe cost or valuation ol as$•ls ov•r Ihelr useful Ilvas on thé
lollowing bases..
Freehold land and buildings
Plant and equipment
Fixtures and fitlin9S
Cornpulers
29h straighl line
25OA slraighl line
25•A slraighl line
25•A straighl line
The gain or loss arising on the disposal of an asset is determined as Ihe diffeience between the s818 proceeds
and Ihe Carrying valu8 of the asset, and is rewnised In Ihe slalemenl ol financial activities.
1.7 Impalrment of flxed assets
Al each r8porlin9 end dale, the charity reviews the carying amounts ol its langible and intangible a5S81s to
delermine whether there 16 any indlcatson thal those assets have suffered an impairrnenl loss. 118ny such
indication exlsls. lh8 recoverable amounl of the assel is eslimaled In order to determine the exlenl of Ihe
impairment loss (il any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held al call wilh banks, other 8hort.term liquid
inveslments wilh original maiurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
8a$l¢ flnanclal assets
88sic financial assets. which include debiors an(J cash and bank balances. arè initially measured al
transaction prlce including Iransactlon cosls and are subsequenuy carried al amortised cost using the effeclive
interesl melhod unless ihe arrangement constilules a financing Iransaclion. where Ihe Iransaclion is
measured al th8 present value of the future receipts discounled at a mark81 rale of interest. Financial assets
lasslfied as receivable wilhln one year are not amortised.

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2023
Accountlng policies
Iconlinued)
Baslc financlal Ilabililies
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslitutes a financing transaction, where the debt inslnjmenl is measured al the present
value of the future payments discounted al a market rale of inlerest. Financial liabililifjs dassified as payable
within one year are nol amort15ed.
Debt instruments are subsequently carried at amortised cosl, using the effeclive interest rale method.
Trade credilors are obligations lo pay for 9oods or seNices Ihat have been acquired in Ihe ordinary course ol
operalions from suppliers. Amounls payable are classified as current liabilities if payment is due within one
year or less. 11 not, they are presenled as nonrycurrent liabilities. Trade creditors are recogni5ed initially at
transaction price and subsequenuy measured at amortised cost using the effective inleresl method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when the charlly's contractual obligations expire or are discharged or
cancelled.
1.9 Employeo b8n•flts
The cosl of any ui)used holiday eniillemenl 1$ fecognised in the perlod in whlch the employee's seNlces are
receivèd.
Termlftalion benefits are re￿gnised immediately as an expense when the charlly is demonstrably ¢ommiiied
to lemiinale (he employment of an employee or lo provide lerminallon benefits.
Critical accounlin9 estimales and judgements
In Ihe applicallon of Ihe charity's accounting poliGi83. the directors are required to make judgemenls,
eslimales and assumptions aboul the carrying amount of assets and liabilities Ih81 are not Teadily apparenl
from other sources. The eslimale5 and associaled assumptions are based on historical experience and olher
factors Ihal are considered lo be relevant. Actual results rnay differ Ifom these eslimales.
The estimates and un¢Jerlylng assumptions are revlewed on an ongoing basis. Revislons lo accounting
eslimales are reco9nised in Ihe period in which the estimate is revised where Ihe revision affecls only Ihat
period, or in the period of Ihe revision and futuro perSods where tho revision affects bolh currenl and future
periods.
Donatlons and legacies
Unrestricted Restrictèd
funds
funds
Total
Tolal
2023
2023
2023
2022
Oonalions and gifts
Grants receivable
600
600
154,022
154,022
149,035
600
154,022
154.622
149,035
For the year ended 31 May 2022
1,100
147,935
149.035

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2023
Oonations and legacles
(Continued)
Income from charitable aclivities
2023
2022
Rent and room hi
Less.. deferred income
36,173
7.906
14.135
7.906
44,079
22.041
Analysis by fund
Unrestricted lunds
Reslricled funds
36,173
7,906
14.135
7.906
44,079
22,041

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
5 Charltsble activilies
Restrlcted Unreslricted
Fund
Fund
Expendilure Expenditure
Total
2023
Total
2022
2023
2023
Staff cosls
Depreciation and impainnent
Heat & L￿h1
Telephone & Inlemel
P051age, slalionery & adverti¥lng
112,293
17,609
18,261
1.865
115,893
17.609
18.261
4.392
110,547
16.103
5.923
2,505
2,527
1,679
4,359
17,058
2,982
1,679
6,199
21.167
2,982
1.113
$87
3.186
3.143
2.878
37.429
3,039
441
497
2.417
2.183
Repairs & mainlenance
Programme expenses
Insurance
General expefises
Bank chaT9es
Leasing expens8S
Accounlancy
Commlllee Tralnlng
Tuck shop & calering
1.840
4.109
1.113
587
3,186
1.801
1,801
179,879
18.090
197.969
187.10S
179,879
18.090
197.969
187,105
Analysls by fund
Unreslricled funds
Reslriclèd funds
17,609
162,270
18.0¢￿)
35.699
162,270
15.235
171,870
179,879
18.090
197,969
187,105
For the year onded 31 May 2022
Unreslricled funds
Restricted funds
15,235
15.235
171.870
171,870
171.870
15,235
187.105
Directors
None ol the directors (or any persorks connected wilh them) received any remuneralion or benefits fiom the
charily during Ihè year.
10-

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
Employ••$
The average monlhly number ol employees during the year was..
2023
Number
2022
Number
io
EmployftTr•nt costs
2023
2022
Wages and salaries
115,893
110.547
Thefe were no employees wtrK)se annual r8mun8ralion was more Ihan £80.000.
Romun•fatlon of key management personnel
The remuneration of key mana9ernent personnel is as fdlows.
Taxatlon
The charily is exempl from laxation on Ils activities because all ils Income is applied for charitable Purposes.
Tanglble fixed assets
Fr••hold land
and buildlngs
Plant and Flxfvr•s and
•quIFvnent
fi¢llno$
Compulevs
Tot
Cost
At 1 June 2022
Addllions
$06,7
1.847
16,056
6,025
22,022
$46,715
6.025
Al 31 May 2023
506.790
1.847
22.081
22,022
552,740
Depreclatlon and Impalrment
Al 1 June 2022
Oepreciaiion charaed In Ihè year
42,743
10,136
923
462
16,056
1,506
16,135
75,857
17,610
Al 31 May 2023
52.879
1,385
17,562
21.641
93,467
Carrylng amount
Al 31 May 2023
453,911
462
4,519
459.273
At 31 May 2022
464.046
923
5,887
470,8S6
11

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINLPED)
FOR THE YEAR ENDED 31 MA Y 2023
10 CredStors: amounts falllng due wlthln one year
2023
2022
Accrnals and defeffed income
3.108
6,881
11 Government granls
Monles regarding the premlses project is bein9 managed by 8ell8sl Clty Council (8CC) In agreament wlth
Marrowbona Community Associalion and OFC Ilhe main funder).
Monies toward$ the projecl amounted 10 £395,290 in 2019 IDFC £161.758 and 8CC £233.532).
This non-monelary gr8nl is being accounted for by Ihe accruals melh¢)d lor capital based granl. Income.
Deferred Sncoma 1$ induded In the financial slatoments as follows..
2023
2022
Dolerred Income 1$ included wilhin..
Shown as deferred income on Ihe face ol the balance sheet
355,761
363,667
Movemenls in th8 year..
Otrlerred income al 1 June 2022
Released from previous periods
363.667
17,906)
371,573
(7,906}
Deferred income al 31 May 2023
355,761
363,667
12 Restricted funds
The reslricled funds ol the charity comprise Ihe unexpended balar￿e$ of donalSons and grants hold on trust
subject lo specific conditions by donors as lo how they may be used.
At 1 June
2022
Incoming
résources
Rosources
expended
Al 31 May
2023
131,547
161,928
{162.270)
131.205
Previous year,,
Al 1 June
2021
Incoming
resources
Resources
expended
At 31 May
2022
147,576
155,841
{171,870>
131,547
12-

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
13 Unrestricted funds
The unreslricled funds of the charity comprise the unexpended balances of donationb ¥fid yiuiil$ which are
not subje¢t to speafic condilions by donors and grantor5 as lo how they may be vsed. These include
designaled funds which have been sel aside out of unrestricted funds by the trustees for specific purposes.
Al 1 Jun•
2022
Incornlng
rèsources
R•sourcas
exp•nded
At 31 May
2023
General lunds
1.385
36,773
135.699)
2,459
Prevlous year:
At 1 June
2021
Incomlng
resources
Re50ur¢es
expended
At 31 May
2022
General funds
1.385
15,235
(15,2351
1,385
14 Analysls of net assets between funds
Unrestricted
funds
2023
Restricted
funds
2023
Tolal
2023
Fund balances at 31 May 2023 are represented by:
Tangible assels
Current asselsllliabililies)
Provisions an(J deferred income
459.273
27.693
<355,7611
459,273
30,152
(355.761)
2,459
2,459
131.205
133,664
Unrestflcted
funds
2022
R•strlcted
funds
2022
Total
2022
Fund balan¢es al 31 May 2022 are represented by:
Tangible assels
Currènt asselsl{liabililies)
Provisions and def8rred income
470,858
24.014
<363.667)
470.856
25,743
{363,667>
1,729
1,729
131,203
132.932
15 Relaled party transaclions
There were no disclos8ble relaled party transactions durfng ihe year.
13