Charity reglstrdtion numbèr NIC108249 Company registrdtion number N1643709 {Northem Ireland) LONDONDERRY YMCA LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 LONDONDERRY YMCA LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Robert Dunn Adrian Johnston Gillian Simpson Lorna Somers Andrew Tate Joseph Montgomery (Appointed 2 February 2023) (Appointed 25 April 2023) Raymond Murray Secretsry Lisa Dunn Charlty numb•r NIC108249 Company number N1643709 Reglstered offlce 51 Glenshane Road Londondery 8T47 3SF Independent examlner PFS & Partners 16 Main Street Lirnavady BT49 OEU ankèr• D¥ili&kts Biiiik Smal Business Donegal Square 1Ole51 Bevast BT1 6JS LONDONDERRYYMCA LTD CONTENTS Page TTUStees' ￿port Independent examinerfs report ststement of financial activities Balance sheet Notes to the flnancl81 statements 7-16 LONDONDERRYYMCA LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The truslees present thelr annual report and financial statements for the year ended 31 March 2023. The financial stalemenls have been prepared in accordance wilh the accountin9 policies set out in note I to the financial statements and compty ¥hrylh the charitys Igoveming documenti, the Companies Act 2006 and "Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable lo charities preparing thelT accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019>. Objectlves and octlv11108 The objectlves and actlvitles of the charity, as s&t out in the goveming document, are as follows,. To demonstrate God's love throygh action in local communrtles by promoting youth developmenl, prOr￿ting healthy living and promob'ng community engagement. Accordingly the Oblects of the Londondery YMCA are.. To provide or assist in the provislon of education, for people of all ages and in partlcular young people, wlth the object of developing their physical, mental or spiritual capacities. To promote healthy living including emotional and menlal wellbeing through the provlslon of infomatlon, education and actlvities. To promote community engagement and cilizenshlp, for young people, their famllles and Dther adults for the purpose of family support, communlty relatlons and actrve cilizenship. To relieve or assist in the relief of need experienced by people of all ages and In particular young people, who are In conditions of hardship or distress by reason of their social, physic81. emotional, splritual or economle Gircumslances. The main 8Ctlvities of the Assoclallon are the provlsion of an EducaJon Authority funded. five nlght and Iwo afternoons a week youth facillty for youno pp.nple. from primary one LIP to young adults, In a safe en￿ronman1, with staff vtho are carfng and responsive to Individuals needs. In add￿on we have a presence In local schoo15 and are8S of high deprivation, The Assodation also seeks additlonal funding to run programmes to address issues such as mental health, protecting and preserving the local environment and global issues. Durfng the summer period we sIr￿e to run 8cllvltie¥ for all young people In the communlty al a reduced cost to parents by securing funding. Throughout the year the association runs programmes almed at developing members, young leaders, volunteers, staff and the communty. We offer support to organlsatson6 in Ihe ¢ommunftles with their activW. The trust8es have paid due regard to guidance issued by The Charity Commisslon for Northem Ireland in decidlng what activities the charty should undertake. LONDONDERRY YMCA LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Aehievement5 and perfonnance YOUTH ACTIVITIES - During this period we welcomed the felaxation of cowd 19 guidance and restrictions. However, the long tem impacls of the pandemic are visible. including an increase in young people presenting wlth mental-wellbeing issues among young people and a reludance lo r&engage in youth activities. De5pile the ongolng challenges the youth team worked lirelessly to adapt and continue to deliver qualty youth activities. Progr8mmes run for 5 nights and 2 afternoons per week. TBUC - is a major govemment programme that promotes Goodlcommunty Relations across our communities. We deliver, as a partner, a summer and autumn programme that brings together youth groups (from Tural or urban communities acros5 the North Wesl) in a partnership formlng programme. In sprte of the ongoing pandemlc, th55 programme élé go ahead and continued to be a success for everyone involved. DEVELOPMENT - The YM Youth Cafe, funded by awards for all, Is now open thanks to the dedicadon of our Junior leaders. Funding for a mentoring programme in partnership with Universty of Ulster Is secured, with a proposed start dale of April 2023. The programme will work with young girls aged belween 11 and 15. Flnancial review Emerging from the COVID 19 Pandemic and the war In Ukraine brought an unforeGeeable 'cost of Ilvlng crisi5'. As result we have seen a surge In our running costs. 11 remains our priority to absorb these increases for as long as posslble to support our members. Londonderry YMCA Ltd remaln$ ￿lIant on fundlng from the Education Authorlty to run our core, five night a week vouth activities. The Educallon Authority al8n fiind.s the. jiiniDr and sènlor ynLIth slimmpr programme In YMCA, Tullyally and Curynlerin, Project Spark and Planned InleNents'on. Funding is also secured from a variety agencies induding British Science Assodation, Dery City and Slrabane District Council, ESB Wlnd Farm, SSE Alrtricity. RAPID, The Honourable Irish Society and Waterside Nelghborhood Partnership whlch allows us to run additional programmes to achieve our objectives and contribute to the Sncreased running costs of the facilty. Government support durlng the pandemic was received from the Oepartment for Communities in the foTh of the Covid Recovery Fund. Addltional to Ihis, the Job Retenlion Scheme continued with 2 members of Staff on the scheme until it8 closure on 30th Sepiember 2022. The association is situated on a 20 acre site with a two storey, 500 Sq metre building and a 300 Sq Metre Hub, which makes up Ihe majority of the value of our assels. The association generates some unrestricted income from Ihe hire of its facilities to Drumahoe Childcare, Instllute Lease agreement and the park and ride lease agreement with Ihe Roads Service. Financial statements are produced independently by PFS and Partners based in Limavady. The association aims to hold in reserves equivalent lo 8 minimum of three months operational costs and a maximum of 24 months operational costs. to cover costs rf funding lo the association 15 wilhdrawn. Reserves remaln drfficuh to accumulate with budgets continualty being squeezed and the association covering the increased running costs. The value held in reseDI85 £0. Structure, governance and management Londonderry YMCA Limited Ltd is govemed by a memorandum of Association adopted on 30th June 2018. The organisation is controlled and directed by a board of directors currently made up of 6 members. In the year we had one resignation and one appointrnent to the board. The charity Is a company limited by guarantee. LONDONDERRYYMCA LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustee5, who are also the direclors for the Purpose of company law. and who served during the year and up to the dale of signature of ihe finanaal statements were.. Robert Dunn Adrlan Johnston Glllian Simpson Lorna Somers Andrew Tale Joseph Montgomery Raymond Murray William Lamrock Linda MrAnee {Appointed 2 February 2023) {Appointed 25 April 2023) (Resigned 30 September 2022) (Resigned 7 February 2023) The General Secrelary is appowiled to run the daily actlvitles of the oryanlsation and reports to the board of directors al monthly meetlngs. The quorum for a meellng Is 3 or one third the total number of dlrectors. None of the trustees has any benefioal interest in the company. All of the trustees are members of the company and guarantee to contribute £5 in the event of a windlng UP. The trustees, report was approved by the Board of Trustees. I Slmpson Tru8ts0 Andre Trustee ate 5 October 2023 LONDONDERRY YMCA LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONDONDERRY YMCA LTD I report to the trustees on my examination of the financial stslemenls of Londondery YMCA Ltd (t1￿ charity) for the year ended 31 March 2023. Responslbilltles and basls ol report As the trustees of Ihe charily (and also rLs directors for the purposes of company law) you are responsible for Ihe preparation of the financial slalements In accordance with Ihe requirements of the Companies Act 20LE Ilhe 2006 Ad). Having satisfied myself that the financial ststements of Ihe charity are not required to be audit•J under Part 16 of the 2006 Act gnd are eligible for independent examination, I report in respect of my exaffllnalion of the charity's financial slalements carried out under sectlon 65 of the Charilles Act (Northem Ireland) 2008 (the 2008 Acl). In carying out my examination I have followed all the applicable Directions given by the The Charity Commission for Northem Ireland under section 65(9){b) of the 2008 Acl. Indepondent examlnerfs statgm•nt Since the Gharity's gross income exceeded £250,000 your examiner must be a member of a body listed in sectlon 65191(bl of the 2008 Act. I confim thal l am qualifled to undertake the examinatlon because l arn a member of , whith is one of the listed bodles. I have completed ry 8xamSnalion. I confinn that no matters have comè to my attentlon In connection with the examination gSvlng me cause to believe that in any material respect.. accounting records were not kept in ￿SpeCt of the charity as ￿qUIred by 5ecllon 386 of the 2006 Act; or the financial statements do not accord with those records.. or the finandal statements do not compty with the accounting Tequirements of section 396 of the 2008 Act other than any requirement that the accounts qive a true and falr view whlch is not a m8tter consldered as part of an independent examination., or the financlal st8tem&nts have not been prepared in accordance wlth the methods and principle8 of the Statement Df R8commended Practlce for accounting and reporting by charilies applicable to chaTitie6 preparing their accounts in accordance wilh the Financial Repo￿.n9 Slandard appllcable in Ihe UK arKI Republic of Ireland {FRS 102). I have no concems and have come across no other matters in connection with the examination to whlch attentlon should be drawn in this report in order to enable a proper understanding of the finanrAal Staternenls lo be reached, ef s L f￿￿[j PFS & Partners 16 Main Street Limavady BT49 OEU Dated.. 5 October 2023 LONDONDERRYYMCA LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Donations and legades Other tradlng activib'es Investrnents Other Income 3.048 338,215 341.263 61,123 354,875 415,998 42,702 4,200 31,011 676 43.378 4.200 31.011 47,795 4,200 15,489 47,795 4.200 15.489 Tolal Income 80.961 338,891 419.852 128,607 354,875 483,482 Charltable activlties 120,091 323.617 443,708 101,895 372.840 474,735 Other 11 6,509 6.509 5.487 5,487 Total expendlturg 126.600 323,817 450,217 107.382 372,840 480,222 Net {outgoinglllncomlng resources before transfers 145,639) 15,274 (30.365) 21.225 (17.965) 3.260 Gross transfers bettheen funds 20,651 {20,651) 17,958 (17,956) Net {expéndltureVlncome for the yearl Not movèment In funds (24,988) (5,377) (30,365) 39,181 (35,9211 3,260 Fund balances al 1 April 2022 1,050,747 29,677 1,080.424 1.011,564 65,600 1.077,184 Fund balances at 31 March 2023 1.025.759 24.300 1,050,059 1,050.745 29,679 1.080.424 The statefflent of financial acliwties Indudes all gains and losses recognised in the year. All income and expendilure derive from continuing 8Ctivlties. The statement of financial actiwti8s also complies wlth the requirements for an Income and expenditure account underthe Companies Act 2006. LONDONDERRYYMCA LTD BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Flxed assets Tangible assets 13 1,022.089 1,048,103 Current assets Stocks Debtors Cash at bank and in hand 14 15 391 22,807 59,987 104 31,858 68,441 83.185 100,403 Credltorn: amounts falling due wlthln one year 17 132,528) 125,9741 Nel current assets 50.657 74,429 Total a880ts le88 current Ilabllltl•$ 1,072.746 1,122,532 Credltors: amounts falllng due after more than one year 18 (22.687) (42,108) Net 1•8¢ts 1.050,059 I,oaD,4?4 Income funds Reslricled lunds Unrestricted funds 19 24,300 1.025,759 29,679 1,050,745 1,050,059 1,080.424 The company is enlilled to the exemption from Ihe audit requirement contained In sectlon 477 of the Companies Act 2006, for the year ended 31 March 2023. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companles Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of Its financial statements for the year in question In accordance with $8clion 476. These financial statements have been prepared in accordance wilh Ihe provisions applicable to companies subject to the small companies regime. The financial slalements were approved by the Trustees on 5 Oct 23 Simpson tee And Trustee Tate Company reglstration number N1643709 LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies Charity Inforniatlon Londonderry YMCA Lld is a prtvate company limited by guarantee incorporated in Northem Ireland. The registered office is S1 Glenshane Road, Londonderry. BT47 3SF. 1.1 Accountlng convenllon The flnancial statements have been prepared in accordance with the charity's Igovernlng document], Ihe Companies Act 2006, FRS 102 'The Finanaal Reporting Slandard applicable in the UK and Republic of Ireland. ("FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing their attounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effedive 1 January 20191. The charity is a Public Benefft Entily as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for charldes not to prepare a stst￿ent of Cash Flows. The finanaal statements are prepared in slerfing, whlch is Ihe fvnctional currency of the charlly. Monetary amounts In these financial Statements a￿ rounded to the nearest £. The financial stalements have been prepared under the historical cosl convention. The prlndpal accounting pollcies adopted are set out below. 1.2 Golng concern At the Ilme of approving Ihe finanual statements. the trustees have a reasonable expedation that the r.harity has 8dequ8te resources to continue In operational existence for the foreseeable future. Thus Ihe trustees conts'nue to adopt the going concern basis ol accounting in prepaiing the financial 8talemenls. 1.3 Charltable funds Unrestrlcted funds are avallable for use at the discretion of the trustees in furtherance of thelr charrtable oblectlves. Restrlcled funds are subject to specific conditions by donors as lo how they may be used, The purposes and uses of the restrlcted funds are set out in the notes lo Ihe financial statements. Endowment funds arè subject to specific ¢ondibons by donors that the Capital must be maintalned by the charity. 1A Income Income is recognised when the charity is legalty entitled to il after any perforrnaneè tonditions hav8 been met. the amount5 can be measured reliabty, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognlsed once the charlty has been notified of the donation, unles5 performance conditions require deferral of the amount. Incorne tax recoverable In relation to donations reGeived under GtftAid or deeds of covenanl is rery)gnised at the time of the donation. Legaue5 are recognised on receipt or OtheTh￿Se if the charity ha6 been nolified of an impendlng dlslribution, the amount is known, and receipt is expected. If the amounl is not known, the legacy is Irealed as a contingent asset. LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AccountSng policies Icontlnuedl 1.5 Expenditure Expenctiture is recognised once ihere is a legal or constructs-ve obligaiion to transfer economic benefit to a thlrd paty, It Is probable that a transfer of economic benefrts will be required in setuemenl, and the amount of the obligation can be measured reliably. Expenditure Is classifie(i by adivty. The costs ol each activity are made up of the total of dirttl cosls and shared costs. induding support costs involved in undertaking each activity. Dlrecl cost5 attributable lo a slngle 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 activty are apportioned between those activities on a basis consistent the use of resources. Central staff cosls a￿ allocated on the basis of time spent, and depreciaiion tharges are allocated on the portlon of the asset's use. 1.6 Tanglble flxed assets Tangible fixed assets are inltially measured al ¢osl and subsequentty measured at Cost or valuation, net of depredation and any impaiTment losses. Dep￿cIatIOn is recognised so as to WTite off the cost or valualion of assets less Ihelr residual values over thelr useful Ilves on the following bases: Freehold land and bulldings Equipment Motor vehides 2•kn straight Ilne 15tsh reducing balance 15% reducing balance The galn or loss arfsing on Ihe disposal of an assel is delemined as the difference between the sale proceeds and the carrying value of the asset, and is recogni5ed in the statement of finanual activitie6. 1.7 Impalmient of fixed assets Al each reporting end dale, the charity reviews the carying amounts of its tangible assets to determine whether there is any indlcation thai Ihose assets have suffered an Impaimenl loss. If any such ind￿allOn exlsts, the recoverable amount of the asset is ests'mated In order to detemiine the extent of the impairnenl loss (If any). 1.8 Stocks Stocks are slated al the lower of cost and estimated sellin9 price less costs to cornplete and Sell. Cost comprises direct malerials and, where applicable, direct labour costs and those overhead5 that have been in¢urred in bringing the stocks to their present localion and condition. Items held for distribution at no or nominal Gonsiderallon are measured the lower of replacement cost and cost. Net realisable value Is the estimated sellng price less al estimated costs of cornpletion and cosls to be incurred Sn marketing, selling and distributson. 1.9 Cash and cash equbvalents Cash and cash equivalents indude cash In hand. deposits held at CBII vlth banks. other short-term Ilquid Investrnents with original matuiities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowlngs in current liabilities. LONDONDERRYYMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies (Contlnuèd) 1.10 Flnancial Instruments The Gharity has elected to appty Ihe provisions of Section 11 '8asic Financial Instruments, and Sedion 12 'other Financial Instrumenls Issues. of FRS 102 to all of ils financial instnjments. Financial instruments are recognised in the charivs balance sheet when the tharity becomes party to the contraGlual provislons of Ihe Instrument. Financial assets and liabllities are offsel. with the net amounls presented in the financial slalements, when there is a legally enforceable rlgm to set off the recognised amounts and there is an intènllon to settle on a net basis or lo realise the asset and setlle the liabilty simultaneousty. Basic flnancial assets B8sic financl81 assets, whlch Indude debloTS and cash and bank balances, are Inilialty measured at transaction price Including transaction costs and are subsequenlty carrfed al amortlsed Gost using the effeclive interest method unless the arrangement constitutes a financing transactlon, wh&re the transaction Is measured at the present value of the fulure receipts discounted at a market rate of Interest. Finandal assets dassified as receivable within one year are not amortised. Baslc financial IIAbllitles Bas1¢ financial liabilities, Including creditors and bank loans are Inltialty recognised at Iransactlon prlce unless the arrangement constitutes a financing transaction. where the debt instrument is measured al the presenl value of the future paymenls discounled at a market rate of interest. Financial liabllitles classlfied as payable wlthin one year are not amortised. Debl Instruments are subsequently carried at amortised cost, using the effective Inte￿$1 rate method. Trade credSlors are obllgations lo pay lor good$ or services Ihat have been acqulred In the OrdIn￿ course of operatlons from suppliers. Amounls payable are classlfied as current Ilabilities if payment15 due wilhin one year or less. If not, they 8re p￿sented as nonI￿O a>¢LIOOrOOOa)ff)U) In o CD * Ln In 17J Jo O(TJV￿￿rn￿ 7) LL L) WI W o Woo￿5Z LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Other tradlng activitles Unrestrlcted Restrfcled funds fund8 Total Unrestrlcted funds 2023 2023 2023 2022 Fundralsing events Tuck shop income Facilities hire 23 5.309 37,370 676 699 5,309 37,370 98 5,395 42,302 Other trading activities 42,702 676 43,378 47,795 Inv•stment8 Unre8trlctod Unrestrlcted funds fund• 2023 2022 rient81 income 4,2UU 4,2UU other In¢ome Unrestrlcted Unrestrlctsd fund8 funds 2023 2022 Youth programme Income from cash Investments Subscriptions Sundry Income 15,21S 232 10 1S.SS4 11.764 263 10 3.452 31.011 15,489 11 LONDONDERRYYMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities 2023 2022 Charitable actlvltle$ Share of governance costs (see note 8) 430,262 13,446 464,189 10,546 443,708 474,735 Analy81• by lund Unrestricted funds Reslrfcted funds 120,091 323,617 101.895 372,840 443,708 474,735 Support Costs Support Governance osts costs 2023 2022 Accounlaiicy Legal and prolesslonal 1.980 11,466 1.9bU 11,468 .22U 8,326 13,448 13.446 10,546 Analysed between Charitable aclivltles 13,446 13,446 10,546 Governance costs Includas payments lo the Independent Examlners of £1,980 {2022- £1,920) for Independent Examlnation fees. Trusteé• None of the truslees (or any persons conneded V￿th them) receNed any rernuneration or benefits from the charity durlng ihe year. 10 Ernployees The average monthly number of employees during the year was: 2023 Number 2022 Number 29 28 12- LONDONDERRYYMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Employees Icontlnued) Employment costs 2023 2022 Wages and salaries 255,153 272,892 There were no employees whose annual ￿ muneration was more than £60,000. 11 Other Llnrestrlcted Unre$trl¢ted funds fund• 2023 2022 Tuck shop expenses 6,509 5,487 6,509 5,487 12 Taxatlon The charity Is exempt from tax on Income and gains falling within sedion 505 of the Taxes Acl 1988 or section 252 of the Taxation ol Chargeable Galns Act 1992 to the extent that these are applled to its charitable objecls. The company's tax exernpiion reference is XR50324. 13 Tanglble Ilxed asse18 Fr••hold l•nd and bulkllng$ Equlpm•ntMotor v•hlcle• Tot•1 Cost At 1 April 2022 Additions 1.041,042 91.711 4,399 9,000 1,141,753 4,399 Al 31 Marth 2023 1.041,042 96,110 9,000 1,146.152 Depreclatlon and Impalmient Al 1 Aprll 2022 D6precialion charged in the year 62,415 19.504 28,087 10,031 3,148 878 93,650 30.413 At 31 March 2023 81,919 38,118 4,026 124,063 Carrying amount Al 31 March 2023 959,123 57,992 4.974 1,022,089 At 31 March 2022 978,627 63,624 5,852 1,048.103 13- LONDONDERRYYMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Stocks 2023 2022 Flni5hed goods and good5 for resale 391 104 15 Debtors 2023 2022 Amounts f•lllng due vAlhln one yèar. Trade debtors Prepayments and accrued income 4,469 18.338 31,163 695 22,807 31,858 16 Loans and overdralts 2023 2022 8ank loans 32.397 42,108 Payable within one year Payable after one year 9,710 22,687 42,108 17 Credltors: amounts falllng due wlthin one year 2023 2022 Notes Bank loans Other taxatlon and social securlty Trade creditors Other creditors Accwals and deferred income 16 9,710 4,744 13,357 3,870 13,854 918 7.332 4.717 32,528 25,974 18 Creditorg: amounts falling due after more than one year 2023 2022 Notes Bank loans 16 22,687 42,108 14- ovo OQ i ajooino • u)0 Ooct a)QmfD￿j ￿r0￿r ai Iri o) L7> P*a)Or V£* Q wfn 3CO LDZU CLLU w- JU￿(￿) CLU¢n oy)£ <mLL¢n LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 20 Analysls of net assets between fund5 Unrestricted Restrfcted funds funds 2023 2023 Total Unrestricted Restrlcted funds funds 2022 2022 Total 2023 2022 Fund b818nces at 31 March 2023 are represen16d by: Tangible assets Current asselsl(liabilities) Long term liabllities 1,022,089 27,088 (22,667) 1.022,089 1,048.103 50.657 44.750 {22.6871 (42.108) 1,048.103 74,429 142,108) 23,569 29,679 1,026,490 23.569 1,050,059 1,050.745 29,679 1,080,424 21 Related party tran•actlon• There were no disdosable related party transactlon8 durfng the year (2022 - none). 16-