REGISTERED COMPANY NUMBER: 03010062 (England and Wales)

REGISTERED CHARITY NUMBER: 1043695

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Christian Partners in Africa

Page

Report of the Trustees

1

to

6

Independent Examiner's Report

7

Statement of Financial Activities

8

Balance Sheet

9

Notes to the Financial Statements

10

to

15

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The main objectives of the Charity are the relief of poverty and the advancement of education in Africa in a way that is consistent with the Christian Faith.

Benefit to the Public of these Objects

Christian Partners in Africa works alongside vulnerable people and communities in Africa through development projects which help them to move towards self-sufficiency and, in doing so, towards physical, social, and spiritual well-being.

Significant activities

In deciding what activities the Charity undertook during 2024, the Trustees had due regard to the guidance issued by the Charity Commission on public benefit.

The charity delivers its charitable objectives by working with partner organisations in Africa. Once a project specification has been agreed by the charity and the partner organisation, the normal method of project delivery involves using the staff of the partner organisation with regular reporting on the projects to the charity. Regular communication with our project workers takes place to monitor and assess projects.

We are committed to a development process with each community with whom we work. Although this process takes time, it is more sustainable and moves people towards a position where they become more self-sufficient, and the change is lasting.

Rosey Shelbourne, one of our trustees, continued to act as administrator and liaise with our project workers in overseeing the work in Africa. Our part time employee also works from home. Our overall UK operating costs continue at a level where they are more than covered by tax refunds from the HMRC gift aid scheme, which means that all donations to our charity can be allocated in full to our projects without any deduction. We believe that this represents responsible stewardship of donations given by our supporters.

Along with our existing project commitments we transferred an additional £5,000 to our partner organisation in Ethiopia, Voice in the Wilderness Development Organisation, to provide much needed support for communities affected by the continuing civil war in the country.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year the charity was involved in the following projects all of which were consistent with its stated objectives:

Name of project

Country

Nature of project

Year started

Partner Organisation

Komamboga Children

Uganda

Supporting orphaned and abandoned children through re-settlement of those children in families

1995

Reach the Unreached Ministry

School Scholarship and Family Empowerment Scheme.St Paul's Community Primary School, Rukungiri

Uganda

Providing education scholarships for orphaned children and support for their guardian families

1999

North Kigezi Diocese, Uganda

North Kigezi Family Empowerment Project

Uganda

Supporting community groups to take responsibility for sustainable futures

2020

North Kigezi Diocese, Uganda

Afar Education Project

Ethiopia

Working with our partner organisation in supporting the education of Afar girls

2015

Voice in the Wilderness Development Organisation and Afar Regional Government

Safeguarding

Uganda

Working with our Ugandan partners to introduce safeguarding policies and procedures with a focus on child rights, and to provide ongoing training for staff

2006

Reach the Unreached Ministry and North Kigezi Diocese, Uganda

Programme highlights

Komamboga Children Support

Our project worker continues to support the children on our resettlement programme, including regular home visits and contact with carers, school visits, and time spent with the children themselves. The children vary in age and ability, but all attend school or vocational college depending on their individual needs. When children leave full time education, we continue to support them for a short time until they are appropriately settled in work and able to support themselves, before they graduate from the scheme.

Occasionally we provide supplementary food parcels with basic food and sanitation items to a handful of families if they face financial difficulties. In these cases, our project worker assists them in setting up small businesses to make their situation more stable.

Our project worker is a member of the Crane organisation, which enables him to receive training, peer reviews, and the ability to share ideas with others who also work with children in Uganda. This continues to provide helpful in-country resources and support

North Kigezi School Scholarship and Family empowerment Scheme - Uganda

All the children on the School Scholarship Scheme attend St Paul's School, Rukungiri, Uganda, where they receive a well-rounded, creative and good education.

During the holidays, the social workers run centre days for the project children where they can play with other children, take part in sports activities, sing and dance, and receive basic education on subjects like clean water, how to wash clothes, puberty, and keeping safe.

The social workers continue to be in regular contact with all the families of the children on the scholarship scheme. They provide help and training to families about growing crops, rearing animals, and setting up small businesses. All the families are members of savings groups, set up in their own areas, where they can save, and receive support from other guardians. They can then borrow for medical emergencies or to improve their businesses. These have been very successful and have helped families to save money to improve their lives and find a more sustainable way of living.

Families can also receive help through the Gifts of Love scheme, which provides tools, seeds, water tanks, mattresses and blankets, and piglets for families in need.

As children graduate from the school we have made a decision not to replace them with new children on the programme. This means that the number of children on the programme will gradually reduce and eventually come to an end. Instead we will focus on developing the community empowerment groups in the area (North Kigezi).

North Kigezi Family Empowerment Project, Uganda

The main focus of our work with the Diocesan project team is to facilitate self-help groups across the Diocese, which help people to develop the skills and habits to take responsibility for their own futures. Regular meetings, inviting local experts to speak on a range of relevant subjects, and encouraging regular savings all form part of the activities of the groups.

Although the self-help groups can't provide immediate solutions, they do create a forum where the challenges people face can be discussed and ideas can be shared among group members. They also create a good environment for people to learn new skills and develop a consistent savings habit, which allow them to start new business ventures and have sufficient funds for basic needs, such as school fees, food, and medicines.

The aim is for the groups to become self-supporting after two years, which will allow us to expand the number of groups across the North Kigezi Diocese in the coming years.

Afar Girls, Ethiopia

We continued to support 15 girls from the Afar region of Ethiopia at university, 10 of whom successfully graduated in the year.

Our programme offers to support girls from the Afar region of Ethiopia who have successfully passed their university entrance exams at the school we previously helped to develop. Although university is free, students need to be able to pay their own accommodation, provide books and laptops, and pay for food and clothing etc. A generous donation from a supporter has provided all the necessary funding for this project, which allows girls from this region a rare opportunity to go to university. On graduating from university, the girls are well placed to apply for jobs across various Afar zones and in regional offices.

Historically, cultural traditions have made it challenging for girls from this region to receive a full education but both regional and national government. We are keen to play our part in this and demonstrate to families in this region the overwhelming benefits of allowing their girls to go to finish school and go to university.

Fundraising activities

We are extremely grateful to the many supporters who have given regularly and for those who have made occasional gifts towards the work of CPA, without which much of our work could not happen.

We are especially indebted to the Michael Cornish Trust for their support over many years and also for a substantial donation of £300,000 they made during the year. This large gift, along with our existing reserves, has provided us with sufficient resources to fund all of our projects until the end of 2028. As a result, we have taken the decision not to take any further donations from supporters and have written to all of our supporters to explain this and thank them for all their past support.

We continued to use the government's Gift Aid scheme during the year, which meant that all of our UK overheads were covered by tax reclaims from donations. It meant that 100% of donations could be used directly on projects in Africa.

FINANCIAL REVIEW

Reserves policy

A donation of £300,000 in the year from the Michael Cornish Trust has significantly added to the reserves held by the charity.

With this in mind, the Trustees reviewed the reserves of the charity during the year. This review concluded that our reserves were more than sufficient to meet all of our project commitments until the end of 2028 and to provide for any additional commitments that may be required after that. On this basis the Trustees decided that the charity did not need any further donations in order to meet its objectives and agreed that a communication should be sent to all supporters informing them of this and thanking them for all their previous support. One of the impacts of this decision was that there was no longer a need for an office to deal with donations, fund raising and supporter administration, the result of which is a reduction of ongoing overheads to a minimal level. Trustees continue to be involved directly in project management with the project workers on a voluntary basis which does not in itself incur any costs.

Forecasts have been prepared up until the end of 2028 for all projects in which the charity is involved and a plan has been put in place to utilise reserves in meeting those forecast project costs up to that date. This will leave a small level of reserves to cover any remaining project costs which are incurred after that date.

During the year the charity raised income of £368,323 (2023: £81,032) through donations and fundraising activities. The single donation of £300,000 in the year from the Michael Cornish Trust is the reason that overall income is considerably higher than last year. The donation as not restricted for specific use and so forms part of the overall unrestricted fund balance of £480,437 (2023: £176,898).

£48,317 (2023: £50,364) of income received in the year was restricted for specific development projects and, at the year end, £29,278 (2023: £55,081) was still held for future use on these specific projects, mainly in connection with the St Paul's School scholarship programme and our programme with the North Kigezi Diocese in Uganda.

FUTURE PLANS

We will continue to support our existing programmes, in particular:

1. the Komamboga project until such time as the children conclude their education.

2. the children at St Paul's School on our scholarship programme until they complete primary school. As these children complete their primary education we will not replace them with new students, and so the scholarship programme will gradually be phased out.

3. the self-help groups in the local North Kigezi Diocese so that group members are better able to fund their children through school directly as well as providing for their other basic needs such as food, housing and medical requirements. Plans are in place to expand the number of these groups over the next four years.

We will not receive future donations for the reasons set out above but will continue to actively monitor our projects and liaise with our project workers, supporting them in their decision making and reviewing progress with them.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Christian Partners in Africa (CPA) is a company limited by guarantee as defined by the Companies Act 2006. It is controlled by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

New trustees are nominated by members of the board of trustees, interviewed by all existing trustees and appointed where they have the necessary skills to contribute to the charity's management and development. No new trustees were appointed during the year.

Organisational structure

The trustees meet regularly to review strategy, performance and other operational issues.

Induction and training of new trustees

If new trustees are appointed they are given an introduction to the work of the charity and provided with the information they need to fulfil their roles, which includes information about the role of trustees and charity law.

Wider network

The charity is based in Lincoln although it has a number of partner organisations with whom it cooperates to deliver its programmes. The principal partner organisations are set out in the 'Review of Achievement and Performance'.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees monitor identified risks across all aspects of the charity's activities and ensuring the procedures and controls are adapted to take account of findings and recommendations.

The charity continues to use and enforce its Safeguarding Policy to protect children and vulnerable adults on its projects and outline good practice for staff and volunteers in the UK and Africa. The policy was developed using the NSPCC Safeguarding Children Tool kit, which is recommended for charities working abroad with children. Two Designated Safeguarding Officers are in place, as required by the Charity Commission. Safeguarding policies and procedures are reviewed and updated periodically.

The charity also seeks to ensure that its partner organisations have safeguarding policies that are appropriate and consistent with our own approach to safeguarding. This has been enhanced though our links with the Children at Risk Action Network (Crane), based in Kampala, who also provide suitable training for our project workers in Uganda.

Overall financial risk to the charity is minimal. Overheads are extremely low and we now have sufficient funds in place to meet all of our project commitments without requiring any further donations. Nearly all of our reserves are held as cash and placed on interest bearing deposit accounts until they are needed.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03010062 (England and Wales)

Registered Charity number

1043695

Registered office

The Bothy

Waterwheel Lane

Branston

Lincoln

LN4 1LU

Trustees

C J Shelbourne

Mrs R J Shelbourne

R J Lambert

P Quincey

R L Evans

Company Secretary

C J Shelbourne

Independent Examiner

Paul Colcomb FCCA

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

Bankers

Royal Bank of Scotland

Liverpool Csc

Stephenson Way

Wavertree

Liverpool

L13 1HE

Approved by order of the board of trustees on 8 September 2025 and signed on its behalf by:

C J Shelbourne - Trustee

Independent examiner's report to the trustees of Christian Partners in Africa ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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 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 in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Paul Colcomb FCCA

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

8 September 2025

2024

2023

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

320,006

48,317

368,323

81,032

Other trading activities

3

200

-

200

202

Investment income

4

10,344

-

10,344

5,441

Total

330,550

48,317

378,867

86,675

EXPENDITURE ON

Raising funds

5

7,150

-

7,150

9,607

Charitable activities

6

Uganda projects

(79

)

81,030

80,951

80,039

Ethiopia projects

-

13,030

13,030

2,795

Total

7,071

94,060

101,131

92,441

NET INCOME/(EXPENDITURE)

323,479

(45,743

)

277,736

(5,766

)

Transfers between funds

14

(19,940

)

19,940

-

-

Net movement in funds

303,539

(25,803

)

277,736

(5,766

)

RECONCILIATION OF FUNDS

Total funds brought forward

176,898

55,081

231,979

237,745

TOTAL FUNDS CARRIED FORWARD

480,437

29,278

509,715

231,979

2024

2023

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

317

-

317

16

CURRENT ASSETS

Debtors

12

10,337

-

10,337

35,189

Cash at bank

469,814

29,278

499,092

196,774

480,151

29,278

509,429

231,963

CREDITORS

Amounts falling due within one year

13

(31

)

-

(31

)

-

NET CURRENT ASSETS

480,120

29,278

509,398

231,963

TOTAL ASSETS LESS CURRENT LIABILITIES

480,437

29,278

509,715

231,979

NET ASSETS

480,437

29,278

509,715

231,979

FUNDS

14

Unrestricted funds

480,437

176,898

Restricted funds

29,278

55,081

TOTAL FUNDS

509,715

231,979

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 8 September 2025 and were signed on its behalf by:

C J Shelbourne - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity is a private company, limited by guarantee incorporated in England and Wales. The details of the charitable company are disclosed with the Structure and Governance section of the Report of the Trustees.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Support costs have been allocated across direct charitable activities and the cost of generating funds in a manner consistent with the specific cost in question. Often the costs have been spread pro rata to the level of income related to that activity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% Straight line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	DONATIONS AND LEGACIES

2024

2023

£

£

Donations

68,323

81,032

Grants

300,000

-

368,323

81,032

Grants received, included in the above, are as follows:

2024

2023

£

£

Michael Cornish Charitable Trust

300,000

-

3.	OTHER TRADING ACTIVITIES

2024

2023

£

£

Fundraising events

200

202

4.	INVESTMENT INCOME

2024

2023

£

£

Deposit account interest

10,344

5,441

5.	RAISING FUNDS

Raising donations and legacies

2024

2023

£

£

Support costs

7,150

9,607

6.	CHARITABLE ACTIVITIES COSTS

Direct

Costs

£

Uganda projects

80,951

Ethiopia projects

13,030

93,981

7.	SUPPORT COSTS

Human

resources

Office

Totals

£

£

£

Raising donations and legacies

363

6,787

7,150

8.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024

2023

£

£

Depreciation - owned assets

35

130

9.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Those trustees who are also employees were not paid for any work done in their capacity as trustees.

Trustees' expenses

During the period trustee, Chris Shelbourne reclaimed expenses from the charity totalling £372 (2023: £nil). There was £31 due to the trustee at the year end (2023: £nil).

10.	STAFF COSTS

2024

2023

£

£

Wages and salaries

363

6,895

363

6,895

The average monthly number of employees during the year was as follows:

2024

2023

Project management,fundraising & support

-

1

No employees received emoluments in excess of £60,000.

11.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

805

3,777

4,582

Additions

336

-

336

Disposals

-

(1,690

)

(1,690

)

At 31 December 2024

1,141

2,087

3,228

DEPRECIATION

At 1 January 2024

805

3,761

4,566

Charge for year

19

16

35

Eliminated on disposal

-

(1,690

)

(1,690

)

At 31 December 2024

824

2,087

2,911

NET BOOK VALUE

At 31 December 2024

317

-

317

At 31 December 2023

-

16

16

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

-

30,000

Tax

10,337

5,189

10,337

35,189

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

31

-

14.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.24

in funds

funds

31.12.24

£

£

£

£

Unrestricted funds

General fund

80,778

323,479

(19,940

)

384,317

Project Fund Deficit

96,120

-

-

96,120

176,898

323,479

(19,940

)

480,437

Restricted funds

Komamboga Children Support

2,176

(1,047

)

2,500

3,629

Rukungiri school

31,887

(2,904

)

(6,500

)

22,483

Safeguarding

1,603

(926

)

(104

)

573

Afar projects

3,290

(8,030

)

4,740

-

North Kigezi diocese project

16,125

(26,071

)

10,304

358

Kampala Family Empowerment

-

(6,765

)

9,000

2,235

55,081

(45,743

)

19,940

29,278

TOTAL FUNDS

231,979

277,736

-

509,715

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

330,550

(7,071

)

323,479

Restricted funds

Komamboga Children Support

19,248

(20,295

)

(1,047

)

Rukungiri school

22,570

(25,474

)

(2,904

)

Safeguarding

(1

)

(925

)

(926

)

Afar projects

5,000

(13,030

)

(8,030

)

North Kigezi diocese project

-

(26,071

)

(26,071

)

Kampala Family Empowerment

1,500

(8,265

)

(6,765

)

48,317

(94,060

)

(45,743

)

TOTAL FUNDS

378,867

(101,131

)

277,736

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.1.23

in funds

funds

31.12.23

£

£

£

£

Unrestricted funds

General fund

113,964

26,704

(59,890

)

80,778

Project Fund Deficit

71,230

-

24,890

96,120

185,194

26,704

(35,000

)

176,898

Restricted funds

Komamboga Children Support

74

(2,898

)

5,000

2,176

Rukungiri school

36,197

(4,310

)

-

31,887

Other

104

(104

)

-

-

Safeguarding

1,603

-

-

1,603

Afar projects

3,200

90

-

3,290

North Kigezi diocese project

8,578

(22,453

)

30,000

16,125

Ethiopia Famine Relief

2,795

(2,795

)

-

-

52,551

(32,470

)

35,000

55,081

TOTAL FUNDS

237,745

(5,766

)

-

231,979

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

36,311

(9,607

)

26,704

Restricted funds

Komamboga Children Support

23,462

(26,360

)

(2,898

)

Rukungiri school

26,502

(30,812

)

(4,310

)

Other

-

(104

)

(104

)

Afar projects

90

-

90

North Kigezi diocese project

310

(22,763

)

(22,453

)

Ethiopia Famine Relief

-

(2,795

)

(2,795

)

50,364

(82,834

)

(32,470

)

TOTAL FUNDS

86,675

(92,441

)

(5,766

)

For further details of the Restricted funds please refer to page two of the Trustees Report.

Transfers between funds

Where expenditure from restricted funds exceeds the funds available a transfer is made from general unrestricted funds to ensure that no restricted fund is in deficit. The Trustees are careful to ensure that committed expenditure from restricted funds is sufficiently controlled so that the general unrestricted fund balance is maintained at a sensible level.