2025-12-31-accounts

CHARITY REGISTRATION NUMBER: SC021138

Dundee Friends' Property Trust

Unaudited Financial Statements

31st December 2025

Dundee Friends' Property Trust

Financial Statements

Year ended 31st December 2025

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	6
Statement of fnancial actvites	8
Statement of fnancial positon	9
Notes to the fnancial statements	10

Dundee Friends' Property Trust

Trustees' Annual Report

Year ended 31st December 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 31st December 2025.

Reference and administrative details Registered charity name Dundee Friends' Property Trust Charity registration number SC021138 Principal office 7 Whitehall Crescent Dundee DD1 4AR The trustees Sue Mansfield Pamela Brunt George Berwick Bill Edgar Martin Pippard Isabel Marie Ingham Independent examiner Colin McCulloch FCCA

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Dundee Friends' Property Trust

Trustees' Annual Report (continued)

Year ended 31st December 2025

Structure, governance and management

Charitable purposes

Dundee Friends' Property Trust is an independent body which was founded in 1891 to provide and maintain a meeting place for the Religious Society of Friends (Quakers) in Dundee, now called Dundee Local Meeting (formerly Dundee Preparative Meeting).

The Trust is responsible for the upkeep and maintenance of Nos 7 & 9, Whitehall Crescent, Dundee. Trustees have full and complete control over the property. The terms of the Trust Deed state that it "should primarily be made available as a meeting place appropriate to the needs of Dundee Preparative Meeting". In addition, the Deed states that the building may be used to support peace work, work on issues associated with addiction, and philanthropic work.

The Trust has full power to use any surplus income arising out of letting of the property for paying the expenses of Friends travelling in the ministry, for educational purposes and for other practical Christian and philanthropic work, preference being given to members or attendees of Dundee Local Meeting, or those whose families have been associated with the Meeting. If the property were to be sold at any time, the money must be invested so as to be available for the purchase of other premises to be used "in harmony with the original conditions of the Trust".

Governing Document

The original Trust Deed (dated 1891) provides only a very basic guide to the management of the Trust as a charity under current legislation, and in 2009 the Trust approved a Governing Document setting down clearly its procedures and methods of operation and decision-making.

The Governing Document, while not changing or modifying the original objects of the Trust, demonstrates how the Trust meets its obligations under current charity legislation and provides a basis of accountability to the wider Religious Society of Friends for its actions. It is kept under review to ensure that it is operationally effective and relevant to changing legislative frameworks.

Appointment of Trustees

New trustees are appointed by the remaining trustees, who are bound to select individuals in sympathy with the conditions of the original Trust Deed and who shall, if possible, be representative of Dundee Local Meeting. The majority of Trustees shall be drawn from Dundee Local Meeting.

At the date of approval of this report, there were six Trustees, there having been no changes during the year.

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Dundee Friends' Property Trust

Trustees' Annual Report (continued)

Year ended 31st December 2025

Structure, governance and management (continued)

Nos 7&9 Whitehall Crescent, Dundee

The Trust's primary asset is a mid-terrace property, Nos. 7 & 9, Whitehall Crescent, in the centre of the city of Dundee. It was built in the late 19th Century as a Quaker Meeting House and is a listed building comprising basement, ground floor and mezzanine floor (No 9), and floors one to four (No 7) above. There is a ground floor Meeting Room that is accessible to all. The top two floors (floors 3 and 4) are let as residential flats; floors 1 and 2 are meeting rooms, one of which is used as the Trust's office, the rest being available for meetings held by the Trust or Dundee Quakers and for hire by external organisations or individuals in sympathy with Quaker values to generate income to support the work of the Trust.

Objectives and activities

The Society of Friends believes that God's will for its Meetings for Business can be discerned without divisive voting when Meetings take place in a spirit of worshipful listening and waiting. The Clerk presents each item of business to the Meeting of Trustees, and after Friends' views have been heard and when it seems likely that the meeting has reached unity, the Clerk presents a draft minute. This may be accepted at once or can be amended until all present can unite with it. The minutes are thus approved at the Meeting at which the decisions are made. They are formally signed at the following Meeting. In 2025 the Trustees met on four occasions, three of the meetings being in person and one by video conference.

Achievements and performance

The refurbished Dundee Meeting House is the base for Meetings for Worship throughout the year and for the activities of Dundee Local Meeting. The numbers of Friends attending Meeting for Worship in the Meeting House continues to increase, and we have welcomed the establishment of a Young Friends Meeting during 2025.

In November 2025, Dundee Local Meeting became part of a new SCIO, a single charity for Quakers in Scotland. During the year, the Trust began the process of itself becoming part of Quakers in Scotland. by applying for OSCR's consent to amend its Trust Deed to give it the powers to transfer its assets and to wind-up.

Trustees are working with Dundee Local Meeting to prepare for day-to-day management of the Meeting House becoming the responsibility of Dundee Local Meeting within Quakers in Scotland. The work of a joint Lettings group has resulted in increasing numbers of charities, community groups, and educational groups using the Meeting House rooms, while a joint Buildings group has overseen improvements to the fabric of the building with upgrading of the heating for the main meeting room and electrical rewiring of the upper floors. This has increased the comfort of those using the building and has made it possible to monitor and increase control of energy use. During the year the Trust commissioned a detailed fire risk assessment and authorised extensive work to enhance fire protection throughout the building.

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Dundee Friends' Property Trust

Trustees' Annual Report (continued)

Year ended 31st December 2025

Financial review

The Statement of Financial Activities shows the Trust had a small surplus of £2,770 (2024: £3,636) for the year. Increased use of the Meeting House rooms by external groups has increased income, helping to pay for upgrading of heating and professional fire risk assessments. Recurrent expenditure, including the salary of a part-time administrator, has been well within income received.

The Trust's income remains dependent upon three main sources: donations from Dundee Local Meeting, income from lettings of rooms to individuals or groups that are in sympathy with Quaker values, and rental from the two upper floor flats.

Reserves policy

At the end of 2025 the Trust held reserves of £630,202 (2024: £687,432) of which £535,000 were fixed assets and £95,202 were funds that form a currently available reserve. The Trust's funds are held in an interest-bearing account with the Ecology Building Society and in a current account with the Unity Trust Bank.

The comparable figure for available reserves at December 31st 2024 was £92,432.

The Trust's Reserves Policy provides for money to be held in anticipation of expenditure required to maintain and run the building and to pay the salary of the administrator. The building is ageing and unplanned major repairs can be expected. Having discussed the matter with their architects, the Trustees agreed in 2019 to maintain reserves of £50,000. This sum has now been increased to £62,000 in line with the 2025 4th quarter UK Tender Price Index. Trustees expect that planned expenditure on enhanced fire protection will be possible without reserves falling below this level.

Plans for future periods

Early in 2026, the Trust expects to apply to OSCR for consent to wind up by transferring its assets (the Meeting House building and contents, together with its capital reserves) to Quakers in Scotland. Subject to OSCR's consent, the trustees hope it will be possible to complete this process at a May 2026 trustees' meeting. In the meantime, the improvements to fire protection in the building are expected to have been completed. The Trust will be working closely with the trustees of Quakers in Scotland and with a new Premises Committee set up by Dundee Local Meeting to ensure continued effective management of the building during the transfer.

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Dundee Friends' Property Trust

Trustees' Annual Report (continued)

Year ended 31st December 2025

Trustees' responsibilities statement

The Trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.

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 the Charities and Trustees Investments (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006, and the terms of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' annual report was approved on 10 March 2026 and signed on behalf of the board of trustees by:

Pamela Brunt Trustee

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Dundee Friends' Property Trust

Independent Examiner's Report to the Trustees of Dundee Friends' Property Trust

Year ended 31st December 2025

I report to the trustees on my examination of the financial statements of Dundee Friends' Property Trust ('the charity') for the year ended 31st December 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’) and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Independent examiner's statement

Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:

1. accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

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Dundee Friends' Property Trust

Independent Examiner's Report to the Trustees of Dundee Friends' Property Trust (continued)

Year ended 31st December 2025

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Colin McCulloch FCCA Independent Examiner

Paterson Boyd & Co Chartered Certified Accountants 18 North Street Glenrothes Fife KY7 5NA

Date: 10 March 2026

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Dundee Friends' Property Trust

Statement of Financial Activities

Year ended 31st December 2025

		2025	2025	2024
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donatons and legacies	4	10,950	10,950	7,000
Other trading actvites	5	28,255	28,255	24,415
Investment income	6	1,530	1,530	1,887
Other income	7	1,883	1,883	402
		---------------------------------	---------------------------------	---------------------------------
Total income		42,618	42,618	33,704
		=================================	=================================	=================================
Expenditure
Expenditure on charitable actvites	8,9	(39,848)	(39,848)	(30,068)
		---------------------------------	---------------------------------	---------------------------------
Total expenditure		(39,848)	(39,848)	(30,068)
		=================================	=================================	=================================
		---------------------------------	---------------------------------	---------------------------------
Net income		2,770	2,770	3,636
		=================================	=================================	=================================
Other recognised gains and losses
Revaluaton of freehold property		(60,000)	(60,000)	–
		---------------------------------	---------------------------------	---------------------------------
Net movement in funds		(57,230)	(57,230)	3,636
Reconciliaton of funds
Total funds brought forward		687,432	687,432	683,796
		--------------------------------------	--------------------------------------	--------------------------------------
Total funds carried forward		630,202	630,202	687,432
		======================================	======================================	======================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 17 form part of these financial statements.

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Dundee Friends' Property Trust

Statement of Financial Position

31st December 2025

		2025	2024
	Note	£	£
Fixed assets
Tangible fixed assets	14	535,000	595,000
Current assets
Debtors	15	1,944	1,897
Cash at bank and in hand		94,807	92,225
		---------------------------------	---------------------------------
		96,751	94,122
Creditors: amounts falling due within one year	16	1,549	1,690
		---------------------------------	---------------------------------
Net current assets		95,202	92,432
		--------------------------------------	--------------------------------------
Total assets less current liabilities		630,202	687,432
		--------------------------------------	--------------------------------------
Net assets		630,202	687,432
		======================================	======================================
Funds of the charity
Unrestricted funds		630,202	687,432
		--------------------------------------	--------------------------------------
Total charity funds	19	630,202	687,432
		======================================	======================================

These financial statements were approved by the board of trustees and authorised for issue on 10 March 2026, and are signed on behalf of the board by:

Pamela Brunt Trustee

The notes on pages 10 to 17 form part of these financial statements.

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Dundee Friends' Property Trust

Notes to the Financial Statements

Year ended 31st December 2025

1. General information

The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is 7 Whitehall Crescent, Dundee, DD1 4AR.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis of accounting with the exception of investments which are carried at market value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates 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 accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Dundee Friends' Property Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2025

3. Accounting policies (continued)

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - interest receivable is included upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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Dundee Friends' Property Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2025

3. Accounting policies (continued)

Tangible assets (continued)

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 statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, 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 other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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Dundee Friends' Property Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2025

3. Accounting policies (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment 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 not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Donatons
Donatons	10,950	10,950	7,000	7,000
	=================================	=================================	===========================	===========================

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Dundee Friends' Property Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2025

5. Other trading activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Fundraising events	422	422	244	244
Rent	27,833	27,833	24,171	24,171
	---------------------------------	---------------------------------	---------------------------------	---------------------------------
	28,255	28,255	24,415	24,415
	=================================	=================================	=================================	=================================

6. Investment income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Bank interest receivable	1,530	1,530	1,887	1,887
	===========================	===========================	===========================	===========================

7. Other income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
VAT reclaimed	1,883	1,883	402	402
	===========================	===========================	================	================
Expenditure on charitable actvites by fund type
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Charitable actvites	34,901	34,901	25,458	25,458
Support costs	4,947	4,947	4,610	4,610
	---------------------------------	---------------------------------	---------------------------------	---------------------------------
	39,848	39,848	30,068	30,068
	=================================	=================================	=================================	=================================

8. Expenditure on charitable activities by fund type

9. Expenditure on charitable activities by activity type

	Actvites
	undertaken	Support	Total funds	Total fund
	directly	costs	2025	2024
	£	£	£	£
Charitable actvites	34,901	3,936	38,837	28,622
Governance costs	–	1,011	1,011	1,446
	---------------------------------	---------------------------	---------------------------------	---------------------------------
	34,901	4,947	39,848	30,068
	=================================	===========================	=================================	=================================

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Dundee Friends' Property Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2025

10. Analysis of support costs

	Analysis of
	support costs	Total 2025	Total 2024
	£	£	£
Governance costs	1,011	1,011	1,443
Legal and professional fees	3,936	3,936	3,164
	---------------------------	---------------------------	---------------------------
	4,947	4,947	4,607
	===========================	===========================	===========================
Independent examinaton fees
		2025	2024
		£	£
Fees payable to the independent examiner for:
Independent examinaton of the fnancial statements		1,011	1,443
		===========================	===========================

11. Independent examination fees

12. Staff costs

The total staf costs and employee benefts for the reportng period are analysed as	The total staf costs and employee benefts for the reportng period are analysed as	follows:
	2025	2024
	£	£
Wages and salaries	6,218	5,047
Employer contributons to pension plans	752	630
	---------------------------	---------------------------
	6,970	5,677
	===========================	===========================

The average head count of employees during the year was 1 (2024: 1).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

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Dundee Friends' Property Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2025

14. Tangible fixed assets

	Freehold
	property	Equipment	Total
	£	£	£
Cost
At 1 Jan 2025	595,000	559	595,559
Revaluatons	(60,000)	–	(60,000)
	--------------------------------------	----------------	--------------------------------------
At 31 Dec 2025	535,000	559	535,559
	======================================	================	======================================
Depreciaton
At 1 Jan 2025 and 31 Dec 2025	–	559	559
	======================================	================	======================================
Carrying amount
At 31 Dec 2025	535,000	–	535,000
	======================================	================	======================================
At 31 Dec 2024	595,000	–	595,000
	======================================	================	======================================

Tangible fixed assets held at valuation

The 2025 Freehold Property valuations are based upon valuations made by Shepherd Commercial, independent chartered surveyors, in February 2026. The trustees consider the valuations at the Statement of Financial Position date reflect the current market values.

15. Debtors

		2025	2024
		£	£
	Prepayments and accrued income	1,944	1,897
		===========================	===========================
16.	Creditors: amounts falling due within one year
		2025	2024
		£	£
	Accruals and deferred income	1,549	1,690
		===========================	===========================
17.	Deferred income
		2025	2024
		£	£
	At 1st January 2025	241	702
	Amount released to income	(241)	(702)
	Amount deferred in year	289	241
		----------------	----------------
	At 31st December 2025	289	241
		================	================

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Dundee Friends' Property Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2025

18. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £752 (2024: £630).

19. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
				Gains and	At
	At 1 Jan 2025	Income	Expenditure	losses	31 Dec 2025
	£	£	£	£	£
General funds	92,432	42,618	(39,848)	–	95,202
Capital reserve	595,000	–	–	(60,000)	535,000
	--------------------------------------	---------------------------------	---------------------------------	---------------------------------	--------------------------------------
	687,432	42,618	(39,848)	(60,000)	630,202
	======================================	=================================	=================================	=================================	======================================
				Gains and	At
	At 1 Jan 2024	Income	Expenditure	losses	31 Dec 2024
	£	£	£	£	£
General funds	88,796	33,704	(30,068)	–	92,432
Capital reserve	595,000	–	–	–	595,000
	--------------------------------------	---------------------------------	---------------------------------	----------------	--------------------------------------
	683,796	33,704	(30,068)	–	687,432
	======================================	=================================	=================================	================	======================================

20. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2025
	£	£
Tangible fxed assets	535,000	535,000
Current assets	96,751	96,751
Creditors less than 1 year	(1,549)	(1,549)
	--------------------------------------	--------------------------------------
Net assets	630,202	630,202
	======================================	======================================
	Unrestricted	Total Funds
	Funds	2024
	£	£
Tangible fxed assets	595,000	595,000
Current assets	94,122	94,122
Creditors less than 1 year	(1,690)	(1,690)
	--------------------------------------	--------------------------------------
Net assets	687,432	687,432
	======================================	======================================

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