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Notes To The Financial Statements for the Year Ended 30 September 2006

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18. Movements in Unrestricted Funds

    

    During the year ended 30 September 1997 the board of trustees chose to separate the land and buildings from the free reserves of the charity. In doing so this amount was classed as a Permanent Capital Endowment fund. This was corrected to a Capital fund within the Unrestricted funds this year.

19. Members
    The charity is incorporated as a company limited by guarantee having no share capital. In accordance with the Memorandum of Association each of the 5 members are liable to contribute £10 in the event of the company being wound up.

20. Post Balance Sheet Events
    On 1 November 2006, the charity entered into a lease agreement for new premises. The annual rental will be £19,388. The charity has put the building at 131 Main Road, Broughton up for sale at £250,000.