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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the trustees |
5 |
Statement of financial activities (including income and expenditure account) |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
134 Leicester Road |
office |
Salford |
Manchester |
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M7 4GB |
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Auditor |
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Accountants & statutory auditor |
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2nd Floor - Parkgates |
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Bury New Road |
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Prestwich |
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Manchester |
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M25 0TL |
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Bankers |
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25 Kings Hill Ave |
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Kings Hill |
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West Malling |
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ME19 4JQ |
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Trustee |
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Company Limited by Guarantee |
Independent Auditor's Report to the Trustees |
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(Senior Statutory Auditor) |
For and on behalf of |
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Accountants & statutory auditor |
2nd Floor - Parkgates |
Bury New Road |
Prestwich |
Manchester |
M25 0TL |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
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Unrestricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
Donations and legacies |
5 |
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Investment income |
6 |
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Total income |
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Investment management costs |
7 |
5,868 |
5,868 |
3,672 |
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Expenditure on charitable activities |
8,9 |
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Total expenditure |
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Net income |
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Gains from revaluation of fixed assets |
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Net movement in funds |
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Total funds brought forward |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Intangible assets |
16 |
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Investments |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
19 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Revaluation reserve |
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Other unrestricted income funds |
2,574,727 |
2,286,925 |
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Total unrestricted funds |
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Total charity funds |
21 |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Net income |
287,802 |
381,308 |
Adjustments for: |
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Amortisation of intangible assets |
3,113 |
3,113 |
Net gains on investments |
– |
584 |
Dividends, interest and rents from investments |
(86,801) |
(98,624) |
Other interest receivable and similar income |
(
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(
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Accrued expenses |
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
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– |
--------- |
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Cash generated from operations |
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Interest received |
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--------- |
--------- |
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Net cash from operating activities |
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--------- |
--------- |
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Dividends, interest and rents from investments |
86,801 |
98,624 |
Purchase of intangible assets |
– |
(
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Purchases of other investments |
(
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(
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Proceeds from sale of other investments |
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--------- |
--------- |
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Net cash (used in)/from investing activities |
(
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--------- |
--------- |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
1,533,937 |
1,217,590 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
card system development |
- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Donations received |
5,389,410 |
5,389,410 |
4,397,701 |
4,397,701 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Income from investment properties |
86,801 |
86,801 |
98,624 |
98,624 |
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Bank interest receivable |
56,348 |
56,348 |
17,151 |
17,151 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Property repairs and maintenance charges |
5,868 |
5,868 |
3,672 |
3,672 |
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------- |
------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Relief of poverty |
969,932 |
969,932 |
766,415 |
766,415 |
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Education |
2,842,282 |
2,842,282 |
2,245,897 |
2,245,897 |
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Religious |
1,003,032 |
1,003,032 |
792,570 |
792,570 |
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Medical |
80,380 |
80,380 |
63,514 |
63,514 |
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Community & social |
292,128 |
292,128 |
230,832 |
230,832 |
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Support costs |
51,135 |
51,135 |
29,268 |
29,268 |
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Grant funding of activities |
Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
£ |
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Relief of poverty |
969,932 |
39,974 |
1,009,906 |
783,987 |
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Education |
2,842,282 |
– |
2,842,282 |
2,245,897 |
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Religious |
1,003,032 |
– |
1,003,032 |
792,570 |
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Medical |
80,380 |
– |
80,380 |
63,514 |
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Community & social |
292,128 |
– |
292,128 |
230,832 |
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Governance costs |
– |
11,161 |
11,161 |
11,696 |
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Analysis of support costs |
Total 2024 |
Total 2023 |
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£ |
£ |
£ |
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Staff costs |
11,859 |
11,859 |
1,920 |
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Premises |
3,000 |
3,000 |
– |
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General office |
19,820 |
19,820 |
11,354 |
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Governance costs |
11,161 |
11,161 |
11,698 |
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Printing |
5,295 |
5,295 |
4,296 |
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51,135 |
51,135 |
29,268 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Academy for Talmudical Research |
170,805 |
206,811 |
Ahavas Chesed Trust |
229,989 |
– |
Bederech Kovod |
501,952 |
375,591 |
Fundd |
317,265 |
– |
Manchester Hachnosas Kalloh Fund |
114,743 |
87,213 |
Shir Chessed Beis Yisroel |
51,130 |
150,225 |
Teshuvah Tefilloh Tzedokoh |
1,153,365 |
904,806 |
Yeshuos Shabbos |
47,406 |
93,292 |
Yishaye Adler Memorial Fund |
84,675 |
81,741 |
Educational grants below £80,000 |
1,490,188 |
1,488,462 |
Relief of poverty grants below £80,000 |
342,120 |
163,787 |
Religious grants below £80,000 |
311,607 |
252,954 |
Medical grants below £80,000 |
80,380 |
63,514 |
Community & social grants below £80,000 |
292,129 |
230,832 |
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Total grants |
5,187,754 |
4,099,228 |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
3,112 |
3,113 |
------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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Other non-audit services |
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------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Employer contributions to pension plans |
19 |
– |
-------- |
------- |
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-------- |
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Card system |
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£ |
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Cost |
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At 1 June 2023 and 31 May 2024 |
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Amortisation |
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At 1 June 2023 |
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Charge for the year |
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-------- |
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At 31 May 2024 |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Investment properties |
Other investments |
Total |
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£ |
£ |
£ |
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Cost or valuation |
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At 1 June 2023 |
279,566 |
487,232 |
766,798 |
Additions |
134,685 |
73,501 |
208,186 |
Disposals |
– |
(70,574) |
(70,574) |
Fair value movements |
– |
58,999 |
58,999 |
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At 31 May 2024 |
414,251 |
549,158 |
963,409 |
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Impairment |
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At 1 June 2023 and 31 May 2024 |
– |
– |
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Carrying amount |
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At 31 May 2024 |
414,251 |
549,158 |
963,409 |
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At 31 May 2023 |
279,566 |
487,232 |
766,798 |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Prepayments and accrued income |
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Other debtors |
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-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
|
£ |
£ |
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Accruals and deferred income |
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Social security and other taxes |
|
– |
-------- |
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At 1 June 2023 |
Income |
Expenditure |
Gains and losses |
At 31 May 2024 |
|
£ |
£ |
£ |
£ |
£ |
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General funds |
2,286,925 |
5,532,559 |
(5,244,757) |
– |
2,574,727 |
Revaluation reserve |
43,336 |
– |
– |
59,000 |
102,336 |
------------ |
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-------- |
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2,330,261 |
5,532,559 |
(5,244,757) |
59,000 |
2,677,063 |
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At 1 June 2022 |
Income |
Expenditure |
Gains and losses |
At 31 May 2023 |
|
£ |
£ |
£ |
£ |
£ |
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General funds |
1,905,617 |
4,513,476 |
(4,132,168) |
– |
2,286,925 |
Revaluation reserve |
(14,619) |
– |
– |
57,955 |
43,336 |
------------ |
------------ |
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-------- |
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1,890,998 |
4,513,476 |
(4,132,168) |
57,955 |
2,330,261 |
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------------ |
------------ |
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-------- |
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Unrestricted Funds |
Total Funds 2024 |
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£ |
£ |
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Intangible assets |
6,225 |
6,225 |
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Investments |
963,409 |
963,409 |
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Current assets |
1,718,676 |
1,718,676 |
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Creditors less than 1 year |
(11,247) |
(11,247) |
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Net assets |
2,677,063 |
2,677,063 |
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Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
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Intangible assets |
9,337 |
9,337 |
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Investments |
766,798 |
766,798 |
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Current assets |
1,564,950 |
1,564,950 |
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Creditors less than 1 year |
(10,824) |
(10,824) |
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Net assets |
2,330,261 |
2,330,261 |
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At 1 Jun 2023 |
Cash flows |
At 31 May 2024 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
164,561 |
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--------- |
------------ |
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