**Charity registered number: NIC108056**
## **RETHINKING CONFLICT**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
**Tony Clarke**
53 Andersonstown Road
Belfast BT11 9AG
## **RETHINKING CONFLICT**
|**CONTENTS**|**PAGE**|
|---|---|
|Reference and administrative details of the charity, its trustees and||
|advisers|1|
|Trustees' Annual Report|2 - 5|
|Independent Examiner Report|6 - 7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 - 16|
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **Trustees' Annual Report**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Charity number** NIC108056 **PUBLIC ADDRESS** Rev. Dr. Gary Mason Po Box 2328 Beflast BT5 9GX **CHAIRPERSON** Debbie Watters **TRUSTEES** Debbie Watters Marisa Louise Mcmahon John Mcgrath Deborah Suzanne Crooks **INDEPENDENT EXAMINER Tony Clarke** FCPA 53 Andersonstown Road Belfast BT11 9AG
1
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **Trustees' Annual Report**
## **ANNUAL REPORT OF THE TRUSTEES**
The trustees present their report and the unaudited the financial statements of the charity for the year ended 31 December 2025.
The financial statements are prepared in accordance with the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees' Report contains the information required to be provided in the Trustees' Annal Report under the Statement of Reccommended Practice (SORP) guidelines.
In this report the trustees of Rethinking Conflict present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 December 2025.
The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Charities Act (Northern Ireland) 2008 and, although not obliged to comply with the statement of Reccomended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendation where relevant in these financial statements.
## **Appointment of Trustees**
The Trustees of Rethinking Conflict meet four times a year, with an AGM held in May/June.
The Trustees recruit and select new Trustees as needed. They are recruited on the relevance of their knowledge, skills and experience, and their potential to be able to make a helpful contribution to the governance of the organisation. Trustees serve one year and may be re-elected at the AGM.
## **Charity Purpose**
Rethinking Conflict aims to work in current zones of conflict and post conflict using the principles of conflict transformation, peace building and reconciliation to develop new and lasting relationships. We also work with individuals and organisations in the area of dealing with conflicted situations.
We currently work in three main geographic spaces – Northern Ireland, the Middle East (Israel and Palestine) and the United States of America.
The overall direct benefit from our work is increased dialogue and discussion between people from different religious, cultural and/or racial backgrounds, leading to greater understanding, tolerance and acceptance, which results in meaningful relationships and reconciliation.
## **Activities and Achievements**
2025 was a year of continued growth, development and engagement both locally and internationally. There continues to be a strategic interest in our work from a number of quarters both locally, nationally and internationally and as an organisation we are incredibly grateful for that.
2
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **Trustees' Annual Report (continued)**
## **Activities and Achievements continued…**
The highlights of the 2025 year included -
Locally, we continue to work extensively in the ongoing process of building peace in the wider British/Irish context. We continue to facilitate a number of weekends in Dublin, which are primarily defined as, quiet below the radar strategic engagements between our two respective traditions, north and south of this island.
Our Compass Points dialogue group continues to go from strength to strength and numerically we have 100 people on our books for these quarterly meetings. We covered topics in the 2025 year from legacy, racism and finished the year with a very successful conference, based around Sam McBride and Fintan O’Toole’s book, “For & Against a United Ireland.” It was a great way to finish 2025 and with approximately 100 people in the room, and the authors of the book speaking and very strategic speakers from all generations, responding to this challenging, but worthwhile conversation.
Our emerging young leaders group which was formed in 2019 has continued to go from strength to strength, we have around 70 people engaged in this project. In the 2025 year, we engaged with local politicians from the five main parties, as well as looking at political and religious polarisation, diplomacy and peace building, legacy and dealing with the past and the topic of remaining in the UK or developing a new Ireland. This project for this group which we established in the Irish British context, has completely overtaken our original thinking for this project. A couple of years ago a similar group was developed in the Israeli Palestinian theatre, who are linked with our young emerging leaders and in the latter part of this year of 2025 we have plans in the calendar year 2026 to launch and develop three more emerging young leaders groups globally.
On the International front, our organisation works in two main areas the Israeli Palestinian region and also the United States.
In the United States, we work in the area primarily of political and religious polarisation, drawing on lessons from the Northern Irish peace process. We are engaged with a number of different groups, religious and political NGOs, think tanks and we had some very successful visits this year as well as ongoing seminars and engagements. We also spent time in the United States in the early part of 2025 and also in April 2025, where we engaged with a wide range of different groupings and spoke at very significant and worthwhile conferences and meetings in that region.
The complexities and difficulties of the Middle East region still continue to occupy the minds of so many people globally. It is a region in which we have been working in, since the inception of our organisation and have hosted here in our own context, a number of very significant change-makers and influencers across both political and religious bodies, both Palestinian and Israeli drawing on lessons from our ongoing peace process.
3
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **Trustees' Annual Report (continued)**
## **Activities and Achievements continued…**
As an organisation, we’ve been very fortunate to engage with leading universities, think tanks and academics in both the United States and in the Israeli Palestinian region on these areas of conflict transformation. We have also been able to engage with leading British and Irish politicians particularly exploring the complexities of the Middle East and our experience that we’ve gained in that region now for well over a decade. Our Executive director has been involved in some very key below the radar conversations particularly, around the Middle East.
We are deeply grateful as an organisation for the support, encouragement and advice we received from a wide variety of sources globally and we don’t take the interest in our work and in our organisation lightly, it is very deeply valued and appreciated.
## **Going Concern**
After making appropraite enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details reqarding the adoption of the going concern basis can be found in the Accounting Policies.
## **Financial Review**
The results for the year ended 31 December 2025 are set out on pages 8 and 9 of the financial statements.
The total income for the year ended 31 December 2025 amounted to £280,136 (2024: £347,824). The total expenditure was £298,742 (2024: £281,646)
The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held £72,012 in reserves at the year end (2024: £67,482).
## **Reserves Policy**
The income of the charity is considered adequate and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.
4
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **Trustees' Annual Report (continued)**
## **Trustees' responsibilities statement**
As the charity's trustees we are aware of our responsibilities for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is also our responsibility to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with CCNI guidelines. The Trustees are also responsible for safeguarding the assets of the charity and hence to take reasonable steps to prevent and detect fraud and other irregularities.
This report was approved by the Trustees, on 17/06/2026 and signed on behalf by:
Debbie Watters Trustee
5
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RETHINKING CONFLICT**
I report on the financial statements of the charity for the year ended 31 December 2025 which are set out on pages 8 and 9.
This report is made solely to the charitys members, as a body in accordance with section 65(3)(a) of the Charities Act Northern Ireland 2008 and regulations made under section 66 of the Act. My work has been undertaken so that I might state to the charities Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charities Trustees as a body, for my work of this report.
## **Respective responsibilities of trustees and examiner**
As the charity's Trustees are responsible for the preparation of the financial statements in accordance with the requirments of the Charities Act (Northern Ireland) 2008. Having satisfied myself that the charity is not subject to audit under Charities Act (Northern Ireland) 2008 and is eligable for Independant examination.
It is my responsibility to:
- examine the accounts under section 65 of the Charities Act
- follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's report**
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It was also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
## **Independent examiner’s statement**
My role is to state whether any material matters have come to my attention giving me cause to believe:
- 1 That accounting records were not kept in accordance with section 63 of the Charities Act
- 2 That the accounts do not accord with those accounting records
- 3 That the accounts do not comply with the accounting requirements of the Charities Act
- 4 That there is further information needed for a proper understanding of the accounts to be
6
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RETHINKING CONFLICT (continued)**
Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Certified Public Accountants Association which is one of the listed bodies.
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed on page 6 and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
_17/06/2026_
Tony Clarke FCPA Date: 53 Andersonstown Road Belfast BT11 9AG
7
**RETHINKING CONFLICT**
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT**
|**Note**
2
Charitable Activities
3
5
**Reconciliation of funds**
**Total funds brought forward**
Charitable Activities
**Net income/(expenditure)**
**Transfers between funds**
**Net movement in funds**
**Total funds carried forward**
**Expenditure on:**
**Total expenditure:**
**Income from:**
**Total Income**
Donations and Legacies|**Year to**
**Year to**
**Unrestricted**
**Restricted**
**31-Dec-25**
**31-Dec-24**
**Funds**
**Funds**
**TOTAL**
**TOTAL**
**£**
**£**
**£**
**£**
111,727
-
**111,727**
85,468
-
168,409
**168,409**
262,355
**111,727**
**168,409**
**280,136**
**347,824**
109,397
189,345
**298,742**
281,646
**109,397**
**189,345**
**298,742**
**281,646**
2,331
(20,936)
**(18,605)**
66,177
2,200
(2,200)
**-**
-
4,531
(23,136)
**(18,605)**
66,177
67,481
210,267
**277,748**
211,571
**72,012**
**187,131**
**259,143**
**277,748**|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
The notes on page 10 to 16 form an integral part of these accounts
8
**RETHINKING CONFLICT**
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
|**Note**
264,461
264,461
**Liabilities**
**7**
(5,319)
**Total Assets Less Current (Liabilities)**
**Funds**
Restricted
Unrestricted
**TOTAL FUNDS**
**As at 31 December 2025**
**Net Current Assets**
Creditors:amounts falling due within one year
Cash at bank
**Current Assets**
Tangible Assets
**Fixed Assets**
**Net assets**
**BALANCE SHEET**|**Note**
264,461
264,461
**Liabilities**
**7**
(5,319)
**Total Assets Less Current (Liabilities)**
**Funds**
Restricted
Unrestricted
**TOTAL FUNDS**
**As at 31 December 2025**
**Net Current Assets**
Creditors:amounts falling due within one year
Cash at bank
**Current Assets**
Tangible Assets
**Fixed Assets**
**Net assets**
**BALANCE SHEET**||
|---|---|---|
||264,461
(5,319)||
||||
The financial statements were approved by the board of Trustees on 17/06/2026 and were signed on their behalf by:
Debbie Watters Trustee
The notes on page 10 to 16 form and integral part of these accounts
9
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **NOTES TO THE ACCOUNTS**
## **1 Accounting policies (a) Basis of preparation of financial statements**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Rethinking Conflict meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised as historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **(b) General information**
Rethinking Conflict is a charity in Northern Ireland. The registered office address and principal place of business is Po Box 2328, Belfast, Northern Ireland, BT5 9GX.
The financial statements are presented in Sterling (£). The level of rounding is £1.
## **(c) Going concern**
After reviewing the charities forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing it financial statements.
## **(d) Income**
All income is recognised once the charity has entitlement to the income. It is probable that the income will be received and the amount of income receivable can be measured reliably. Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and the economic benefit can be measured reliably In accordance with the Charities SORP (FRS 102).
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would be willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
Income tax recoverable in relation to investments income is recognised at the time the
10
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **NOTES TO THE ACCOUNTS (continued)**
## **(e) Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The cost of each activity are made up of the total direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on the basis consistent with the use of resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity.
## **(f) Tangible fixed assets and depreciation**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. Shortfalls between the caring value of the fixed assets and their recoverable amounts are recognised as impairments, impairments losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation if provided at rated calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Equipment 15% Reducing Balance - Land and Buildings 20 year lease term
## **(g) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **(h) Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
11
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **NOTES TO THE ACCOUNTS (continued)**
## **(i) Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit of similar account.
## **(j) Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that the transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount at the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of these amounts, discounted at the pre-tax discounted rate that reflects the risks specific to the liability. The unwinding of the discount is recoginsed within the interest payable and similar charges.
## **(k) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualifies as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **(l) Fund accounting**
General funds are unrestricted funds which are available for the use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
12
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **NOTES TO THE ACCOUNTS (continued)**
|**2 **
**3 **
**4 **|**Income from Donations and Legacies**
**2025**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**TOTAL**
£
£
£
General Income
48,715
-
**48,715**
Reimbursements
63,012
-
**63,012**
**Totals 2025**
**111,727**
**-**
**111,727**
**Totals 2024**
**85,468**
**-**
**85,468**
**Income from Charitable Activities**
**2025**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**TOTAL**
£
£
£
Department of Foreign Affairs
-
77,485
**77,485**
Esmee Fairbairn
-
-
**-**
Porticus
-
80,000
**80,000**
UCF
-
10,924
**10,924**
**Totals 2025**
**-**
**168,409**
**168,409**
**Totals 2024**
**-**
**262,355**
**262,355**
**Staff Costs and Numbers**
**2025**
£
Gross Wages and Salaries
116,167
Social Security Costs
5,716
Pension
11,288
**133,172**
No employee received emoluments of more than £60,000 (2024: None)
The average monthly number of employees during the year, calculated on the basis of
equivalents, was as follows:|**2024**|**2024**|
|---|---|---|---|
|||**TOTAL**
£
48,950
36,518||
|||**85,468**||
|||**2024**||
|||**TOTAL**
£
74,986
25,031
162,339
-||
|||**262,355**||
|||2024
£
111,150
12,553
9,076|2024|
|||**132,779**||
|||full time||
|**2025**|2024|
|---|---|
|Number|Number|
|2|2|
13
## **RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **5 Expenditure**
|**Expenditure**|||
|---|---|---|
|**Charitable Activities**
Accommodation
Administration, Conference & Evaluation
Emerging Young Leaders
Facilitation
General & Other Expenses
Hospitality/Catering
Insurance & Miscellaneous
Mentoring
Office & IT Expense
Payroll & Professional
Seminar
Telephone
Travel and Meetings
USA Trip
Accountancy
Bank Fees
**Totals 2025**
**Totals 2024**|**2025**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**TOTAL**
£
£
£
9,307
17,039
**26,346**
1,275
900
**2,175**
403
-
**403**
-
1,400
**1,400**
35,585
130
**35,715**
9,106
9,619
**18,725**
1,167
-
**1,167**
-
-
**-**
-
-
**-**
5,016
128,155
**133,172**
17,199
26,226
**43,426**
682
-
**682**
17,640
4,600
**22,240**
9,997
-
**9,997**
2,012
1,275
**3,287**
6
-
**6**
**109,397**
**189,345**
**298,742**
**88,827**
**192,819**
**281,646**|**2024**|
|||**TOTAL**
£
18,715
2,231
1,700
4,975
25,025
14,207
1,906
7,706
2,127
132,779
28,331
1,081
34,578
-
6,285
-|
|||**281,646**|
||||
## **6 Trustees remuneration & expenses**
During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL).
During the year, no Trustees received any reimbursement of expenses (2024 - £NIL). During the year, one trusree received £2,200 for professional services provided (2024 - £4,200).
## **7 Debtors**
|**Debtors**||||
|---|---|---|---|
|Grants Receivable
Trade debtors
Prepayments
**Total**||2025
£
-
-
-
**-**|2024|
||||£
-
-
-|
||||**-**|
14
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **8 Creditors: amounts falling due within one year**
|Accruals & Deferred Income
HMRC PAYE & Pension
Other Creditors
**Total**|2025
2024
£
£
-
5,319
3,998
-
**5,319**
**3,998**|2024|
|---|---|---|
## **9 Independent examiner's remuneration**
The independent Examiner's remuneration amounts to an Independent Examination fee of £360 (2024 - £360)
## **10 Related party transactions**
There were no related party transactions during the year.
15
**RETHINKING CONFLICT** TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
## **NOTES TO THE ACCOUNTS (continued)**
## **11 Statement of funds - current year**
|**11 **|**Statement of funds- current year**|**ar**|
|---|---|---|
|**12 **|Balance at
January
2025
Income
Expenditure
Transfer
in/out
**Balance at**
**December**
**2025**
**Restricted funds**
£
£
£
£
**£**
Department of Foreign Affairs
51,987
77,485
(99,862)
(2,200)
**27,410**
Esmee Fairbairn
9,099
-
(9,099)
-
**-**
Porticus
149,181
80,000
(80,384)
-
**148,797**
UCF
-
10,924
-
-
**10,924**
**Total restricted funds**
**210,267**
**168,409**
**(189,345)**
**(2,200)**
**187,131**
**Unrestricted funds**
General
67,481
111,727
(109,397)
2,200
**72,012**
**67,481**
**111,727**
**(109,397)**
**2,200**
**72,012**
**Total of funds - current year**
**277,748**
**280,136**
**(298,742) -**
**259,143**
**Statement of fund- prior year**
Balance at
January
2024
Income
Expenditure
Transfer
in/out
**Balance at**
**December**
**2024**
63,267
85,468
(88,827)
7,574
**67,482**
148,304
262,355
(192,819)
(7,574)
**210,267**
**211,571**
**347,824**
**(281,646) -**
**277,748**
**Total Unrestricted funds**
**Total of funds - prior year**
Total unrestricted funds
Total restricted funds|Balance at
January
2025
Income
Expenditure
Transfer
in/out
**Balance at**
**December**
**2025**|
|||**210,267**
**168,409**
**(189,345)**
**(2,200)**
**187,131**
67,481
111,727
(109,397)
2,200
**72,012**|
|||**67,481**
**111,727**
**(109,397)**
**2,200**
**72,012**|
|||**277,748**
**280,136**
**(298,742) -**
**259,143**|
|||Balance at
January
2024
Income
Expenditure
Transfer
in/out
**Balance at**
**December**
**2024**|
|||63,267
85,468
(88,827)
7,574
**67,482**
148,304
262,355
(192,819)
(7,574)
**210,267**|
|||**211,571**
**347,824**
**(281,646) -**
**277,748**|
16