Charity Registration No. 1025525
WYCOMBE MULTICULTURAL ORGANISATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021
WYCOMBE MULTICULTURAL ORGANISATION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dr T Adoh |
|---|---|
| Mr K Bonsu | |
| Mr S Gould | |
| Mr S Graham | |
| Ms Y Hector | |
| Mr R Mathias | |
| Mr H Oriabure | |
| Mr G Toney | |
| Charity number | 1025525 |
| Principal address | Hilltop Community Centre |
| Crest Road | |
| High Wycombe | |
| Bucks | |
| HP11 1UA | |
| Independent examiner | Azets Audit Services |
| Suites B & D | |
| Burnham Yard | |
| Beaconsfield | |
| Bucks | |
| HP9 2JH |
WYCOMBE MULTICULTURAL ORGANISATION
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 - 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 17 |
WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2021
The trustees present their report and financial statements for the year ended 28 February 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “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
The objectives of the charity are to:
-
Promote the benefit of the inhabitants of High Wycombe without distinction of sex or political, religious or other opinions by engaging the local authorities, voluntary organisations and the inhabitants in a common effort to advance education.
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Provide space and facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving condition of health and well-being of the said inhabitants.
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Improve the range of activities, services and learning opportunities in High Wycombe.
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Improve access for local people to the services and amenities that they need.
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Create a cohesive community within the High Wycombe area.
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Improve understanding and increase acceptance between different groups within the community.
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Maintain a financially sustainable organisation that will remain active in the community for many years to come.
In setting our objectives and planning our activities, we have given careful consideration to the Charity Commissions' general guidance on public benefit.
Aims
The aim of the charity is to foster strong community cohesion within the High Wycombe area, whilst providing a comfortable community facility which helps promote the education, health and well-being of the inhabitants, through social and economic regeneration.
The charity strives to provide good facilities enabling the community to be brought together to access a variety of activities and services which help meets their educational, recreational and social needs.
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WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
Activities
Through the Centre, WMCO is able to offer a range of activities and services by working with local people, partner organisations and agencies. These include education and training such as our supplementary Saturday school for young people’s learning and personal development, training for young adults with learning difficulties who would not otherwise access employability opportunities; health activities around young people’s obesity, stroke awareness/prevention, lung clinic and diabetes course; sports and fitness such as self-defence classes, Tai-chi and Kick-boxing.
The charity helps to reduce loneliness and enhance confidence through arts and multi-cultural events and celebrations, theatre rehearsals, social events for elders and the whole community, and baby and toddler activities from play groups to baby sing and sign and soft play.
The charity also supports local people to come together, socially or in monthly meetings to help shape the future plans of the Centre. The charity encourages residents and users to volunteer - which supports them in creating new friendships and becoming more engaged with their community. In response to local demand, the centre remains open 365 days a year.
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WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
Achievements and performance
Our Financial Year End 2020/21 was an end to an unprecedented year due to the challenges we have had to navigate through due to the pandemic. Pre-Covid we had finished our best year ever in 2019/20. The pandemic had started but we did not know the depth of the COVID-19 economic downturn, or its length. During the early days of the pandemic the outlook looked bleak for charities around the country. WMCO was not immune to the challenges with the lockdowns and restrictions so we stayed closed for much of the year.
The Organisation’s response to these unprecedented challenges has been outstanding. As a community organisation we all pulled together to help and support those in need with practical and welfare support to regular users who were isolated and/or elderly.
We were fortunate to join a network to support struggling families with hot meals and food parcels through funding from Clare Foundation and Buckinghamshire Council. We are lucky to be awarded funding from Covid19 Community-Led Organisations Recovery Scheme which enabled us to cover 6 months’ worth of running costs for Hilltop Community Centre and support our Saturday School, Akacia Complementary School, which caters for children from African and Caribbean Heritage, with devices for online learning whom as a group have been significantly adversely affected by the pandemic.
In the year, WMCO were fortunate to secure funding for the refurbishment of the Hilltop from Heart of Bucks BCRA fund, John Apthorp Charity, Rothschild Foundation, Red Kite Community Housing Springboard Fund, LHC Community Benefit Fund and Heart of Bucks BP Collins Fund. This funding has been key to help us reach our target to complete the last major phase of the refurbishment with the extension and renovation of the kitchen.
We have had to make some very prudent and tough decisions on cost and cash controls to ensure we remain sustainable.
As I look at how we finished financial year 2020/21, inevitably, our results in terms of hall bookings and fundraising activities have been significantly impacted by the pandemic. While no chairman is happy to see results drop, in the situation we found ourselves, I believe our performance is very creditable.
I would like to express my deep thanks to the regular hirers who have been able to remain with us throughout this challenging period and for our members, supporters and staff who continuously support the Organisation and the sacrifices they have made to finish the year as positively and strongly as could have been imagined in those early months.
Sebert Graham Chairman of Trustees
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WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
Financial review
The Trustees have kept under review the reserves policy. Consideration was given to funding risks and funds are kept at a level to ensure all financial commitments can be met.
The unrestricted funds are available to be spent for any of the purposes of the charity. Unrestricted general and designated funds at the year end were £63,677.
The charity has three restricted funds. The balance of these funds at the year end is £127,593.
Risk management
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Wycombe Multicultural Organisation is controlled by its governing document, a constitution adopted on 28 March 1993. Its working name is WMCO.
The trustees who served during the year and up to the date of signature of the financial statements were: Dr T Adoh
Mr K Bonsu
Mr S Gould Mr S Graham
Ms Y Hector Mr R Mathias Mr H Oriabure Mr G Toney
Recruitment and appointment of new trustees
The Organisation is managed by a group of Trustees and a Management Committee, whom are elected at the AGM. The Committee comprises of members (volunteers) with a diverse range of skills and backgrounds. All Committee members are people from the local community and have a genuine interest in the benefits that the Organisation brings to those who live in the Wycombe District; working together to meet their social, cultural and educational needs of the community.
The trustees report was approved by the Board of Trustees.
..............................
Mr S Graham
Chairman of Trustees Dated: .........................21/12/2021
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WYCOMBE MULTICULTURAL ORGANISATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WYCOMBE MULTICULTURAL ORGANISATION
I report to the trustees on my examination of the financial statements of Wycombe Multicultural Organisation (the charity) for the year ended 28 February 2021.
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 Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
Mr C Nisbet, FCA Azets Audit Services
Suites B & D Burnham Yard Beaconsfield Bucks HP9 2JH
21/12/2021 Dated: .........................
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WYCOMBE MULTICULTURAL ORGANISATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2021
| Unrestricted Unrestricted Restricted funds funds funds general designated 2021 2021 2021 Notes £ £ £ Income and endowments from: Donations and legacies 2 212 - 56,002 Charitable activities Hire of the centre 3 34,933 - - Other trading activities 4 2,281 - - Investments 5 44 - - Other income 6 11,500 - - Total income 48,970 - 56,002 Expenditure on: Raising funds 7 2,227 - - Charitable activities 8 24,942 - 31,148 Total resources expended 27,169 - 31,148 Net incoming resources before transfers 21,801 - 24,854 |
Total Unrestricted Unrestricted Restricted funds funds funds general designated 2021 2020 2020 2020 £ £ £ £ 56,214 421 - 5,850 34,933 70,629 - - 2,281 2,673 7,000 10,000 44 55 - - 11,500 - - - 104,972 73,778 7,000 15,850 2,227 12,329 - - 56,090 53,325 - 10,617 58,317 65,654 - 10,617 46,655 8,124 7,000 5,233 |
Total 2020 £ 6,271 70,629 19,673 55 - |
|---|---|---|
| 96,628 | ||
| 12,329 | ||
| 63,942 | ||
| 76,271 | ||
| 20,357 |
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WYCOMBE MULTICULTURAL ORGANISATION
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2021
| Net incoming resources before transfers Gross transfers between funds Net income for the year/ Net movement in funds Fund balances at 1 March 2020 Fund balances at 28 February 2021 |
21,801 (1,000) 20,801 35,876 56,677 |
- - - 7,000 7,000 |
24,854 1,000 25,854 101,739 127,593 |
46,655 - 46,655 144,615 191,270 |
8,124 (52) 8,072 27,804 35,876 |
7,000 - 7,000 - 7,000 |
5,233 52 5,285 96,455 101,740 |
20,357 - |
|---|---|---|---|---|---|---|---|---|
| 20,357 124,259 |
||||||||
| 144,616 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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WYCOMBE MULTICULTURAL ORGANISATION
BALANCE SHEET
AS AT 28 FEBRUARY 2021
| Notes Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Income funds Restricted funds 16 Unrestricted funds Designated funds 17 General unrestricted funds |
2021 £ 1,820 6,336 103,721 111,877 (2,999) 7,000 56,677 |
£ 82,392 108,878 191,270 127,593 63,677 191,270 |
2020 £ 2,205 5,043 57,502 64,750 (10,297) 7,000 35,876 |
£ 90,163 54,453 |
|---|---|---|---|---|
| 144,616 | ||||
| 101,740 42,876 |
||||
| 144,616 |
21/12/2021 The financial statements were approved by the Trustees on .........................
..............................
Mr S Graham
Trustee
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.3 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Grants receivable are accounted for when there is sufficient information to enable the claim to be made or the claim has been made and there is clear indication to suggest the claim will be met. Grants which have conditions or time restrictions attached are deferred until these conditions or restrictions have been met.
1.4 Resources expended
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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements Over 10 years straight line Fixtures and fittings Over 4 years straight line Computers Over 3 years straight line
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
1 Accounting policies
1.6 Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.7 Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2 Donations and legacies
| Unrestricted Restricted funds funds general 2021 2021 £ £ Donations and gifts 212 - Grants received - 56,002 212 56,002 Grants receivable for core activities Locality - 6,368 Kop Hill Climb - - Heart of Bucks BCRA - 5,000 Heart of Bucks BP Colins - 2,000 CCLORS scheme - 20,634 John Apthorp - 12,000 Red Kite - 10,000 - 56,002 |
Total Unrestricted Restricted funds funds general 2021 2020 2020 £ £ £ 212 421 850 56,002 - 5,000 56,214 421 5,850 6,368 - - - - 5,000 5,000 - - 2,000 - - 20,634 - - 12,000 - - 10,000 - - 56,002 - 5,000 |
Total 2020 £ 1,271 5,000 |
|---|---|---|
| 6,271 | ||
| - 5,000 - - - - - |
||
| 5,000 |
Grants received during the year from the government and CCLORS were for operational costs. All other grants are for kitchen refurbishment.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
3 Charitable activities
Amounts received for hall hire
| Hire of the | Hire of the |
|---|---|
| centre | centre |
| 2021 | 2020 |
| £ | £ |
| 34,933 | 70,629 |
4 Other trading activities
| Unrestricted Unrestricted Unrestricted Restricted funds funds funds funds general general designated 2021 2020 2020 2020 £ £ £ £ Membership subscriptions 310 420 - - Fundraising events 1,971 2,253 7,000 10,000 Other trading activities 2,281 2,673 7,000 10,000 |
Total 2020 £ 420 19,253 |
|---|---|
| 19,673 |
5 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2021 | 2020 | |
| £ | £ | |
| Interest receivable | 44 | 55 |
6 Other income
| Unrestricted | Total | |
|---|---|---|
| funds | ||
| general | ||
| 2021 | 2020 | |
| £ | £ | |
| Government grant | 11,500 | - |
The charity has been eligible to claim additional funding in year from government support schemes in response to the coronavirus outbreak. There are no conditions or contingencies attached to this grant.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
7 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2021 | 2020 | |
| £ | £ | |
| Fundraising and publicity | ||
| Bar purchases | 2,202 | 8,506 |
| Food purchases | - | 225 |
| Entertainment costs | - | 3,180 |
| Advertising | 25 | 209 |
| Other fundraising costs | - | 209 |
| Fundraising and publicity | 2,227 | 12,329 |
| 2,227 | 12,329 |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
8 Charitable activities
| Provision of | Provision of |
|
|---|---|---|
| the Centre | the Centre | |
| 2021 | 2020 | |
| £ | £ | |
| Insurance | 1,237 | 961 |
| Utilities | 6,224 | 4,854 |
| Rent | - | 7,000 |
| Telephone | 819 | 846 |
| Sundries | 486 | 513 |
| Repairs and maintenance | 14,380 | 12,284 |
| Administration | 6,986 | 7,515 |
| Caretakers costs | 6,138 | 9,986 |
| Subscriptions and licenses | 305 | 321 |
| IT software and support | 1,859 | 627 |
| Postage and stationery | 73 | 48 |
| 38,507 | 44,955 | |
| Share of support costs (see note 9) | 13,796 | 12,474 |
| Share of governance costs (see note 9) | 3,787 | 6,513 |
| 56,090 | 63,942 | |
| Analysis by fund | ||
| Unrestricted funds - general | 24,942 | 53,325 |
| Restricted funds | 31,148 | 10,617 |
| 56,090 | 63,942 | |
| For the year ended 29 February 2020 | ||
| Unrestricted funds - general | 53,325 | |
| Restricted funds | 10,617 | |
| 63,942 |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
9 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Depreciation 13,796 - Independent Examination Fee - 1,110 Professional fees - 2,677 13,796 3,787 Analysed between Charitable activities 13,796 3,787 |
2021 £ 13,796 1,110 2,677 17,583 17,583 |
2020 £ 12,474 1,080 5,433 |
| 18,987 | ||
| 18,987 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, but one Trustee was reimbursed a total of £848 in caretaking expenses (2020- one trustee was reimbursed £6,638).
11 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
| 12 Tangible fixed assets Leasehold improvements Fixtures and fittings Computers £ £ £ Cost At 1 March 2020 105,500 14,091 700 Additions - 774 5,251 At 28 February 2021 105,500 14,865 5,951 Depreciation and impairment At 1 March 2020 20,121 9,540 467 Depreciation charged in the year 9,897 1,916 1,983 At 28 February 2021 30,018 11,456 2,450 Carrying amount At 28 February 2021 75,482 3,409 3,501 At 29 February 2020 85,380 4,550 233 13 Stocks 2021 £ Bar stock 1,820 14 Debtors 2021 Amounts falling due within one year: £ Trade debtors - Prepayments and accrued income 6,336 6,336 15 Creditors: amounts falling due within one year 2021 £ Other creditors 900 Accruals and deferred income 2,099 2,999 |
Total £ 120,291 6,025 |
|---|---|
| 126,316 | |
| 30,128 13,796 |
|
| 43,924 | |
| 82,392 | |
| 90,163 | |
| 2020 £ 2,205 |
|
| 2020 £ 1,707 3,336 |
|
| 5,043 | |
| 2020 £ 6,060 4,237 |
|
| 10,297 |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
16 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 1 March 2019 £ IT Fund 730 Centre Refurbishment Fund 95,725 COVID-19 Community Led Recovery Scheme - 96,455 |
Movement in funds Incoming resources Resources expended £ £ - - 15,850 (10,617) - - 15,850 (10,617) |
Transfers Balance at 1 March 2020 £ £ - 730 52 101,010 - - 52 101,740 |
Movement in funds Incoming resources Resources expended £ £ - - 35,368 (18,476) 20,634 (12,367) 56,002 (30,843) |
Transfers Balance at 28 February 2021 £ £ - 730 1,000 118,902 - 8,267 1,000 127,593 |
Transfers Balance at 28 February 2021 £ £ - 730 1,000 118,902 - 8,267 1,000 127,593 |
|---|---|---|---|---|---|
| 127,593 |
The IT fund relates to an IT grant from Reach. Reach is a learning and development project set up to provide IT and soft-skills training to the local community. In particular the over 50's, unemployed, single parents and the NEET group.
The Centre Refurbishment fund relates to grants received from Biffa Award, Veolia Environmental Trust, Mobbs Memorial Trust, Kop Hill Climb, Heart of Bucks, John Apthorp Charity, Red Kite Charity, Locality and donations from Brian Pearce and fundraising events. The income is for refurbishment of the community centre toilets, installation of air conditioning, purchase of new tables and chairs and the creation of a timber framed lean-to storage extension and the refurbishment of the kitchen.
The transfer from unrestricted funds to restricted funds related to additional costs incurred which were not covered by the grant income and donation received for the corridor refurbishment.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
17 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
| Movement | Movement | |||
|---|---|---|---|---|
| in funds | in funds | |||
| Incoming | Balance at | Incoming | Balance at | |
| resources | 1 March 2020 | resources | 28 February | |
| 2021 | ||||
| £ | £ | £ | £ | |
| Centre Refurbishment Fund | 7,000 | 7,000 | - | 7,000 |
| 7,000 | 7,000 | - | 7,000 |
The Centre Refurbishment fund relates to donations received through fundraising events and will be for the refurbishment of the community centre.
18 Analysis of net assets between funds
| Unrestricted Designated funds Restricted 2021 2021 2021 £ £ £ Fund balances at 28 February 2021 are represented by: Tangible assets 3,499 - 78,893 Current assets/(liabilities) 53,178 7,000 48,700 56,677 7,000 127,593 |
Total 2021 £ 82,392 108,878 191,270 |
Total 2020 £ 90,163 54,453 |
|---|---|---|
| 144,616 |
19 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
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