REGISTERED COMPANY NUMBER: 12788773 (England and Wales)

REGISTERED CHARITY NUMBER: 1198897

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHEAM MUSLIM WELFARE SERVICES LTD

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

4

Report of the Independent Auditors

5

to

7

Statement of Financial Activities

8

Balance Sheet

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

to

19

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).

Purpose and Aims

The charity's object is to advance the Islamic faith, particularly in Cheam, Belmont, Sutton and Surrey, and elsewhere for the benefit of the public, mainly but not exclusively through prayer meetings, lectures, and the celebration of religious festivals.

Ensuring our work delivers this aim

The Trustees regularly review this aim and the outcomes of the Charity's activity, assessing the progress of each activity and the benefits provided to the groups and individuals being helped. Such reviews enable the Trustees to be satisfied that the various activities remain focussed on the stated purposes of the Charity. Due note has been taken of the Charity Commission's general guidance on public benefit in these reviews and in planning future activities.

Charitable activities

During the year, the charity successfully delivered a wide range of activities for the local Muslim community:

- Weekly Friday prayers, open to the public.

- Taraweeh prayers during the month of Ramadan.

- Eid prayers held in Belmont for the wider community.

- The purchase of a freehold property in Belmont to serve as a future community centre, providing a permanent base for prayer, education, and welfare activities.

Financial review

The charity generated a surplus during the year. Total income amounted to £1,038,887, primarily from individual donations.

Expenditure on charitable activities was £94,267, resulting in net income of £944,620.

At the year end, total funds stood at £1,148,621, of which all were unrestricted.

This includes the freehold property purchase of £920,158 for the Belmont site.

The trustees confirm that no trustee received remuneration during the year.

Reserves policy

The trustees have considered the level of reserves that the charity should hold in order to ensure financial stability and the ability to continue to meet its charitable objectives.

The trustees have agreed to maintain unrestricted reserves equivalent to three to six months of regular operating expenditure (estimated between £25,000 and £50,000).

At 31 December 2024, the charity held unrestricted reserves of £1,155,180, significantly above the target level.

This reflects the acquisition of long-term property assets and funds held for future community development.

The trustees are satisfied that the current reserves position is appropriate and will review the policy annually.

Future plans

Looking ahead, the trustees plan to:

- Progress the conversion of the Belmont property into a community centre, providing prayer facilities, classrooms, and welfare services.

- Expand religious and educational programmes, including Qur'an classes and youth activities.

- Increase community engagement and broaden outreach across Sutton and surrounding areas.

- Strengthen fundraising to ensure sustainable long-term development.

Public benefit statement

The trustees confirm that they have complied with their duty to have due regard to the Charity Commission's guidance on public benefit.

Our activities provide clear public benefit by:

- Offering accessible spaces for worship and spiritual growth.

- Supporting community cohesion through religious festivals and gatherings.

- Promoting education and understanding of the Islamic faith.

- Laying the foundation for a permanent centre that will provide long-term benefits for the community in Cheam, Belmont and beyond.

Risk Statement

The Trustees review all aspects of the charity's finances and will take whatever action is appropriate to protect the charity's financial status. A new risk matrix for the charity was adopted, in line with Charity Commission guidance, and will be reviewed annually, or more frequently should the need arise.

The principal risks to which the charity is exposed and a brief description of the mitigations are: -

Risk

Mitigation

Governance: - the risk that the Society does not achieve its charitable, regulatory and ethical objectives due to inadequate governance.

The Society has a diverse Trustee Board that has the necessary skills to provide good oversight and governance of the Society.

Fraud and Financial Crime: - The risk that the Society is subject to fraud or other financial crimes.

The Society has a Fraud Policy that is regularly reviewed and describes the policy and procedures to minimise this risk.

Our approach to fundraising

The fundraising approach taken by the charity is to open a public appeal to raise funds to support the operational work of the charity. Currently the trustees have no plans to retain a professional fundraiser or commercial participator to assist with these fundraising activities;

The trustees are pursuing registration with the Fundraising Regulator and will look to adhere to the practice this body recommends in addition to adhering to guidance issued by the Charity Commission;

STRATEGIC REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation was incorporated on 3 August 2020.

In the event of winding up, members are required to contribute an amount not exceeding £1.

Trustees are appointed in accordance with the Articles of Association and are responsible for the strategic direction, governance and oversight of the charity's activities.

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

12788773 (England and Wales)

Registered Charity number

1198897

Registered office

4c Upper Mulgrave Road

Cheam

Surrey

SM2 6JY

Trustees

Dr A Khan

S A A Mareel

M Masood (appointed 1.1.25)

S U Rahaman

M Sherwani

U Shirwani

H M Shirwani

Senior Statutory Auditor

Glenn Armon-Jones ACA FCCA

Auditors

Barrow LLP

Statutory Auditor

Rae House

Dane Street

Bishops Stortford

Herts

CM23 3BT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Cheam Muslim Welfare Services Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Barrow LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 29 September 2025 and signed on the board's behalf by:

H M Shirwani - Trustee

Opinion

We have audited the financial statements of Cheam Muslim Welfare Services Ltd (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

The financial statements of Cheam Muslim Welfare Services Limited for the year ended 31 December 2023, which are presented as corresponding figures in the accompanying financial statements, were not audited. Accordingly, we do not express an opinion on them.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Discussions with the trustees and management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;

- Evaluation of management's internal controls designed to prevent and detect irregularities;

- Reading key correspondence with the Charity Commission in relation to compliance with laws and regulations;

- Reviewing relevant meeting minutes;

- Procedures relating to the valuation of investments and vouching with third party confirmations.

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations impacting revaluation; and

- Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Glenn Armon-Jones ACA FCCA (Senior Statutory Auditor)

for and on behalf of Barrow LLP

Statutory Auditor

Rae House

Dane Street

Bishops Stortford

Herts

CM23 3BT

29 September 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

1,032,467

6,419

1,038,886

222,484

EXPENDITURE ON

Raising funds

4

14,260

-

14,260

6,522

Charitable activities

5

Expenditure on charitable activities

-

-

-

8,277

Catering

16,123

-

16,123

6,237

Community

50

-

50

-

Grants and donations

2,983

6,419

9,402

6,618

Badminton

1,000

-

1,000

-

Imams and gym instructors

34,559

-

34,559

-

Other

27,272

-

27,272

6,363

Total

96,247

6,419

102,666

34,017

NET INCOME

936,220

-

936,220

188,467

RECONCILIATION OF FUNDS

Total funds brought forward

204,001

-

204,001

15,534

TOTAL FUNDS CARRIED FORWARD

1,140,221

-

1,140,221

204,001

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

1,081,442

-

1,081,442

175,000

CURRENT ASSETS

Cash at bank and in hand

224,721

-

224,721

29,301

CREDITORS

Amounts falling due within one year

12

(98,942

)

-

(98,942

)

(300

)

NET CURRENT ASSETS

125,779

-

125,779

29,001

TOTAL ASSETS LESS CURRENT LIABILITIES

1,207,221

-

1,207,221

204,001

CREDITORS

Amounts falling due after more than one year

13

(67,000

)

-

(67,000

)

-

NET ASSETS

1,140,221

-

1,140,221

204,001

FUNDS

14

Unrestricted funds:

Unrestricted fund

58,779

29,001

Property reserves

1,081,442

175,000

1,140,221

204,001

TOTAL FUNDS

1,140,221

204,001

The financial statements were approved by the Board of Trustees and authorised for issue on 29 September 2025 and were signed on its behalf by:

H M Shirwani - Trustee

Cash flows from operating activities

Cash generated from operations

1

1,115,578

188,317

Net cash provided by operating activities

1,115,578

188,317

Cash flows from investing activities

Purchase of tangible fixed assets

(920,158

)

(175,000

)

Net cash used in investing activities

(920,158

)

(175,000

)

Change in cash and cash equivalents in the reporting period

195,420

13,317

Cash and cash equivalents at the beginning of the reporting period

29,301

15,984

Cash and cash equivalents at the end of the reporting period

224,721

29,301

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.12.24

31.12.23

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

936,220

188,467

Adjustments for:

Depreciation charges

13,716

-

Increase/(decrease) in creditors

165,642

(150

)

Net cash provided by operations

1,115,578

188,317

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

29,301

195,420

224,721

29,301

195,420

224,721

Total

29,301

195,420

224,721

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 constitutes a public benefit entity as defined by FRS102 and is registered by The Charity Commission of England and Wales under a Trust Deed. The charity's registered number and registered office can be found on the general information page 1. The presentation currency of the financial statements is the Pound Sterling (£).

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

Subscriptions and deposit interest are credited when due, voluntary income, donations and legacies when received.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

It is the Oragnisation's policy to allow one year from the date of approval for grants to be claimed. If the grants are not claimed within this time limit then they are withdrawn.

Tangible fixed assets

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

Freehold property

-

at varying rates on cost

Taxation

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

Fund accounting

Unrestricted funds comprise resources available at the trustees' discretion and include income and expenditure related solely to the charity's own operations. Within these, designated funds may be established by trustees for specific purposes but remain legally unrestricted.

Restricted funds are the resources subject to donor imposed conditions or stipulations, legally held on trust, for specific activities, time periods, or purposes (including endowment funds). The society had no endowment funds during the financial year.

Grants payable are recognised as liabilities in the year in which a formal grant offer is accepted by the recipient and where any conditions attached to the grant have been met. Expenditure is charged to unrestricted funds, with any unfulfilled grant commitments disclosed in the notes to the accounts. Multi-year or conditionally released grants are only accrued as expenditure once conditions are satisfied; otherwise, they are disclosed as contractual commitments.

Management and administration expenditure

Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity. This includes the day to day running of the charity, audit fees and administrative costs.

Interest receivable

Interest on monies held in bank deposit accounts is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Going concern

The trustees consider that there are no material uncertainties about the Society's ability to continue as a going concern. Therefore, the financial statements have been prepared on a going concern basis. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.

2.	CRITICAL ACCOUNTING 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 for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. These estimates and assumptions are based on historical experience and other factors that are believed to be reasonable under the circumstances. The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements.

The carrying value of land is based on management’s estimates of fair value, which are subject to market conditions and valuation assumptions. Depreciation on buildings is charged on a straight-line basis over management’s estimated useful lives. Actual useful lives and residual values may differ from these estimates, and any such differences could result in a material adjustment to the carrying amount and depreciation expense in future periods.

3.	DONATIONS AND LEGACIES

31.12.24

31.12.23

£

£

Donations

1,038,886

217,484

Grants

-

5,000

1,038,886

222,484

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

31.12.24

31.12.23

£

£

General grants

-

5,000

4.	RAISING FUNDS

Raising donations and legacies

31.12.24

31.12.23

£

£

Donation processing fees

9,361

447

Gifts

2,600

6,075

Air fares

1,268

-

Donations processing devices

1,031

-

14,260

6,522

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Catering

16,013

110

16,123

Community

50

-

50

Grants and donations

9,402

-

9,402

Badminton

1,000

-

1,000

Imams and gym instructors

20,160

14,399

34,559

46,625

14,509

61,134

6.	SUPPORT COSTS

Admin and

support

Establishment

Governance

costs

cost

costs

Totals

£

£

£

£

Other resources expended

5,156

13,716

8,400

27,272

Catering

110

-

-

110

Imams and gym instructors

14,399

-

-

14,399

19,665

13,716

8,400

41,781

7.	NET INCOME/(EXPENDITURE)

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

31.12.24

31.12.23

£

£

Auditors' remuneration

7,000

-

Auditors' remuneration for non audit work

1,400

-

Depreciation - owned assets

13,716

-

8.	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.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

213,026

9,458

222,484

EXPENDITURE ON

Raising funds

3,682

2,840

6,522

Charitable activities

Expenditure on charitable activities

8,277

-

8,277

Catering

6,237

-

6,237

Grants and donations

-

6,618

6,618

Other

6,363

-

6,363

Total

24,559

9,458

34,017

NET INCOME

188,467

-

188,467

RECONCILIATION OF FUNDS

Total funds brought forward

15,534

-

15,534

TOTAL FUNDS CARRIED FORWARD

204,001

-

204,001

10.	UNAUDITED COMPARATIVES

The comparative figures for the year ended 31 December 2023 included in these financial statements are unaudited, as the organisation was below the audit threshold requirements.

11.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2024

175,000

Additions

920,158

At 31 December 2024

1,095,158

DEPRECIATION

Charge for year

13,716

NET BOOK VALUE

At 31 December 2024

1,081,442

At 31 December 2023

175,000

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

542

300

Loan

90,000

-

Accruals and deferred income

8,400

-

98,942

300

13.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Loan

67,000

-

14.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.24

in funds

funds

31.12.24

£

£

£

£

Unrestricted funds

Unrestricted fund

29,001

944,778

(915,000

)

58,779

Property reserves

175,000

(8,558

)

915,000

1,081,442

204,001

936,220

-

1,140,221

TOTAL FUNDS

204,001

936,220

-

1,140,221

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Unrestricted fund

1,032,467

(87,689

)

944,778

Property reserves

-

(8,558

)

(8,558

)

1,032,467

(96,247

)

936,220

Restricted funds

Restricted fund

6,419

(6,419

)

-

TOTAL FUNDS

1,038,886

(102,666

)

936,220