2021-03-31-accounts

Company registration number: 03047967

Charity registration number: 1046115

North East Lincolnshire Carelink

(A company limited by guarantee)

Annual Report and Financial Statements for the Year Ended 31 March 2021

North East Lincolnshire Carelink

Contents

Year Ended 31 March 2021

North East Lincolnshire Carelink Contents Year Ended 31 March 2021
CONTENTS	PAGE
Charity Reference and Administrative Details	1
Trustees' Annual Report	2-5
Statement of Trustees' Responsibilities	6
Independent Examiner's Report	7
Statement of Financial Activities	8
Statement of Financial Position	9
Notes to the Financial Statements	10 - 16

North East Lincolnshire Carelink Charity Reference and Administrative Details Year Ended 31 March 2021

Year Ended 31 March 2021
Charity registration number	1046115
Company registration number	03047967
Trustees	M Cracknell
	L Lee
	S Wakefield
	S Leary
	D Batty
	J Rigby
Principal office	Centre4
	17A Wootton Road
	Grimsby
	North East Lincolnshire
	DN33 1HE
Registered office	Centre4
	17A Wootton Road
	Grimsby
	North East Lincolnshire
	DN33 1HE
Independent Examiner	A G Smith & Co Ltd
	Chartered Certified Accountants
	Unit 8 Laceby Business Park
	Grimsby Road
	Laceby
	North East Lincolnshire
	DN37 7DP

1

North East Lincolnshire Carelink Trustees' Annual Report Year Ended 31 March 2021

The trustees present their report and the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.

Objectives, strategies and activities

Our main objective and activity is to provide 24-hour telephone based support to anyone who is vulnerable by provision of alarm equipment and associated peripherals via a computerised telephonic system. The aim of the charity is to provide this service and liase with other organisations to provide the appropriate response to any situation and to keep the cost of the service as low as possible while still providing a quality service.

Our objective is to provide a robust and cost effective telephonic response service for our clients and we have been providing telecare installation and monitoring in North East Lincolnshire for 25 years.

We send out a survey annually to 10% of our clients to get feedback on the quality of the service they have received in terms of speed of response and action taken and also, if they self-fund, whether they feel they got "value for money".

Any formal or informal complaints are investigated and dealt with in a timely manner but fortunately these are very few which also reflects on the success of our service and the professionalism of our staff.

We also value feedback on how we could improve what we do and how we do it. The views of those who use our service are invaluable and much appreciated and suggestions will always be looked at in respect of changes to service provision.

We continue to have an excellent reputation with others working in Health & Adult Social Care and work closely with them to support those who are most vulnerable in the community.

All our services are currently provided by paid staff however as the demands on the telecare operators increase we are looking at what volunteers could do to help us continue providing the "extras" that are so appreciated by our clients e.g. calls on birthdays and weekly calls to check on their welfare as well as the annual checks we make on our clients to ensure their information is current and accurate.

Public Benefit

The governing document of our organisation allows us to provide our service to anyone in the community who feels vulnerable for whatever reason. Though the majority of our service users are older people we have continued to support those who have been victims of crime including domestic abuse and those who are at risk of becoming isolated. We know from feedback that it is not only the service users who benefit from the reassurance gained by having the service installed; family, friends and carers also get some peace of mind and respite, knowing that help can be summoned quickly and simply around the clock.

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North East Lincolnshire Carelink

Trustees' Annual Report Year Ended 31 March 2021

The lack of eligibility criteria for self funded equipment means that our service can be accessed by anyone who feels they would benefit and we are endeavouring to keep our charges as low as possible to make Carelink accessible to all.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England & Wales.

Achievements and performance - progress report

Like all organisations, Carelink’s focus altered within this financial year as the COVID pandemic began in March 2020 and it has dominated everything that has occurred since. We are proud that we successfully maintained our service for the vulnerable people we support throughout this difficult year whilst still being able to achieve many of the objectives we had set ourself. Key to this was the commitment of our staff who continued to go out fitting units and ensure our control centre continued to run effectively whilst maintaining strict infection controls.

Impact of COVID

Carelink was very lucky compared to other organisations managing the financial impact of COVID. It cost Carelink around £40K in loss of income and extra costs incurred but was managed through support from £35K in generous grants.

Costs were impacted by:

• need for more infection control equipment – cleaning, hand sanitiser, extra keyboard’s/mouses and PPE, although once established the CCG provided us with free PPE.

• using digital units to maintain telecare equipment for customers whilst not attending people’s homes as part of infection control. These were more expensive than our usual analogue plug in units.

• to reduce staff numbers in the office and meet the stay-at-home requirement, we purchased extra laptops and mobile phones.

• the consultant spent more time on COVID management activities e.g. staff briefings/risk assessments which had not been planned for.

• our direct staff costs reduced as we limited numbers within the office during the first lockdown, focused on our core service and were unable to recruit and train in the first 6 months of the year.

Income was affected by:

• less referrals from private customers and the CCG, a phenomenon experienced by many services. During the first lockdown, we experience significantly less direct alarm calls as well as referrals as people stopped using statutory services.

• losing more customers than previous years who passed away, went into care or moved to be close to family.

• we received grant funding including:

• discretionary support grant of £25K from NELC (as part of their wider support to many organisations).

• £5,000 carers grant from the CCG for digital equipment .

• £5,000 from Lincolnshire Community Fund from NELC for supporting sheilders through wellbeing calls.

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North East Lincolnshire Carelink Trustees' Annual Report Year Ended 31 March 2021

Digital Transformation Plans – Phase 1 IT Platform tender

We began the first phase of our digital transformation which was the replacement of our current IT platform. Initial plans to upgrade our existing equipment were changed half way through the year after seeking advice from our regulator the TSA. It was agreed to undertake a formal tender exercise to purchase an IT platform which would meet Carelink’s needs for many years to come. This tender process was time consuming (3 months) but involved a positive partnership between ourselves, Lincare and Chesterfield Council’s telecare provision in choosing a new provider. This extra activity increased the costs of our consultant. We chose a new IT platform – Appello. This digital transformation was due to be funded through the use of our reserves at a cost of £75/80K but due to COVID, we were lucky enough to be able to access two thirds of our required funding through the Lottery managed Government COVID digital transformation programme. This funding allowed us to update IT equipment PCs/Laptops, begin the implementation of the platform and prepare for the digital upgrade through new phone lines and MPLS internet connections including staff time.

Increased Partnership working

Part of the restructure of Carelink was recognising the need to make stronger links with local strategic partners and embed the charity’s work within the community. We continued to embed our links with local partners including:

• active engagement in the development of a community wellbeing hub with Centre4.

• creation of an older people partnership known as Later Life with AgeUk and Friendship at Home.

• develop links to better understand our telecare market, working closely with the TSA, closer links with Lincoln City Council’s telecare provider Lincare and engaging with other telecare providers including Chesterfield and Anchor Trust.

• embed our practical working relationship with Empower with them delivering telecare units and fitting keysafe’s on our behalf.

• continuing to attend local strategic groups including Voluntary Sector Alliance VCSE, Dementia Alliance and Public Health Social Isolation Group.

COVID also enabled us to offer our resource to support the vulnerable within NEL, working closely with the Council in offering wellbeing calls to sheilders / extremely vulnerable.

TSA Audit completion

Carelink successfully completed the tri-annual TSA regulator audit. This was a time consuming and indepth process as the TSA had redesigned its audit process compared with previous years. Completion of a complex self-assessment and a 3-day formal audit with interviews of managers, staff, trustees, contracts and partners to show Carelink met the high standards required to be part of the TSA accreditation.

Operational support and development

We trialled Team Leader roles and have developed a new structure to support the Carelink Manager with becoming more strategic in their role whilst ensuring day to day operational activity is maintained. A Team Leader is focusing upon staff support, performance and rota management with project officers providing data processing, collation and analysis. The consultant continues to provide support in the development of the charity, supporting the Manager with strategic activities.

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North East Lincolnshire Carelink

Trustees' Annual Report Year Ended 31 March 2021

We have embedded formal Trustee governance processes including a Risk log, Managers Report, KPI report and quality assurance which has enabled Trustees to be more effective in providing robust governance.

We continue to focus in supporting our staff, recognising that COVID and lockdown had a serious impact on everyone’s mental health. We have implemented formal bi-monthly supervisions with all staff which enables us to provide individualised support whilst monitoring performance, and offering counselling support to those who need it.

Activities unable to focus upon this year

COVID affected the following activities we had planned to focus on this year:

• our planned office move. We now plan to remain in our current office, exploring how we can share the high costs we incur whilst we focus on the IT platform upgrade.

• our Installer Promoter role was unable to go out into the community, working with groups, partners and promoting our work due to lockdown and organisations limiting access and activities as well as our own need for staff cover to manage the control centre during lockdown.

Challenges for 2021-22 and beyond

Our accounts show that our telecare units which are the capital backbone of our service are becoming old and the number requiring replacing our increasing. We spent £17K more than we had budgeted. Half of this was due to having to purchase digital units but much more than previous years, we spent more funds on replacing old analogue units. A big challenge for us in the coming 2 years is the need to replace old equipment which was installed in 2011/12 and accounts for a third of our current stock.

We require the time and staff resource to manage the successful implementation of our new IT platform, moving from an analogue to fully digital (platform and phone line) system. Once this is achieved, we can then focus on our telecare equipment becoming digital which has massive financial implications and a 2025 deadline.

We have significant pressure on a number of our established income streams which could be further reduced in the coming year and so need to focus upon finding ways to reduce our costs whilst increasing our income. We have plans to:

• increase our marketing and social media presence (requiring an initial outlay).

• develop our donations programme and explore using grants to manage the impact of the high cost of our digital telecare equipment requirements.

• support further partnership working to help reduce costs.

Approved by the trustees of the charity on ………………………………………………….. 2021 and signed on its behalf

S Wakefield Trustee

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North East Lincolnshire Carelink Statement of Trustees' Responsibilities Year Ended 31 March 2021

The trustees (who are also the directors of North East Lincolnshire Carelink for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with the 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 these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP 2015 (FRS102);  make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the chartiable company and 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.

Approved by the trustees of the charity on……………………………………………. 2021 and signed on its behalf by:

S Wakefield

Trustee

6

North East Lincolnshire Carelink Independent Examiner's Report Year Ended 31 March 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 8 to 16.

Responsibilities and basis of report

As the charity trustees of the North East Lincolnshire Carelink (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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ACCA, 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 that in any material respect:

• 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.

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.

Andrew Smith FCCA A G Smith & Co Ltd Unit 8 Laceby Business Park Grimsby Road Laceby North East Lincolnshire DN37 7DP

Date: ………………………………………………………... 2021.

7

North East Lincolnshire Carelink

Statement of Financial Activities Year Ended 31 March 2021

NOTE 2 3 4 5 14 Other Charitable activities Expenditure on: Total income and endowments Investments Charitable activities Donations, legacies and grants Income and endowments from: Total funds carried forward Total funds brought forward Reconciliation of funds: Net movement in funds Net income / (expenditure) Total expenditure	UNRESTRICTED £ 34,863 654,720 2,739 692,322 (636,298) - (636,298) 56,024 56,024 337,058 393,082	RESTRICTED £ - - - - (2,800) - (2,800) (2,800) (2,800) 28,300 25,500	TOTAL £ 34,863 654,720 2,739 692,322 (639,098) - (639,098) 53,224 53,224 365,358 418,582 2021	2020 TOTAL £ 135 601,590 866 602,591 (598,823) - (598,823) 3,768 3,768 361,590 365,358

All income and expenditure derive from continuing activities.

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North East Lincolnshire Carelink Statement of Financial Position Year Ended 31 March 2021

NOTE 10 11 12 13 15 Net assets Charity Funds Restricted funds Unrestricted funds Total charity funds Fixed assets Tangible Assets Current assets Stocks Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities	2021 £ 126,792 126,792 8,869 60,714 243,106 312,689 (20,899) 291,790 418,582 418,582 25,500 393,082 418,582	2020 £ 101,726 101,726 14,352 24,299 248,621 287,272 (23,640) 263,632 365,358 365,358 28,300 337,058 365,358

For the financial year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The financial statements on pages 8 to 16 were approved by the trustees, and authorised for issue on

………………………………………………………… 2021 and signed on their behalf by:

S Wakefield

Trustee

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North East Lincolnshire Carelink Notes to the Financial Statements Year Ended 31 March 2021

• 1 Summary of significant accounting policies

GENERAL INFORMATION AND BASIS OF PREPERATION

North East Lincolnshire Carelink is a charity limited by guarantee in England and does not have any share capital. In the event of the charity being wound up, each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity. The address of the registered office is Centre 4, 17A Wooton Road, Grimsby, North East Lincolnshire DN33 1HE. The nature of the charity’s operations and principal activities are to provide support to the vunerable at low cost.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

FUNDS

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

INCOME RECOGNITION

All income is recognised 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.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

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North East Lincolnshire Carelink Notes to the Financial Statements Year Ended 31 March 2021

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. It is included when the amount can be measured reliably.

EXPENDITURE RECOGNITION

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.

SUPPORT COSTS ALLOCATION

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

TANGIBLE FIXED ASSETS

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold land and buildings 10 years straight line Fixtures and fittings & equipment Between 3-7 years straight line

STOCKS

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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North East Lincolnshire Carelink Notes to the Financial Statements

Year Ended 31 March 2021

• 2 Income from donations, legacies and grants

Donations from individuals Grants	2021 £ 34,763 100 34,863	2020 £ - 135 135

Income from donations, legacies and grants was £34,863 (2020: £135) of which £0 (2020: £0) was attributable to restricted and £34,863 (2020: £135) was attributable to unrestricted funds.

Grants received relate to monies to assist with the impact of COVID19 on the charity.

• 3 Income from charitable activities

Equipment rental and monitoring service Sale of equipment	2021 £ 564,012 90,708 654,720	2020 £ 533,654 67,936 601,590

Income from charitable activities was £654,720 (2020: £601,590) of which £0 (2020: £0) was attributable to restricted and £654,720 (2020: £601,659) was attributable to unrestricted funds.

4 Income from investments

Interest - bank deposits	2021 £ 2,739 2,739	2020 £ 866 866

Income from investments was £2,739 (2020: £866) of which £0 (2020: £ 0) was attributable to restricted and £2,739 (2020: £866) was attributable to unrestricted funds.

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North East Lincolnshire Carelink Notes to the Financial Statements

Year Ended 31 March 2021

• 5 Expenditure on charitable activities

6 7 Premises costs CHARITABLE ACTIVITIES 2021 Sale of equipment Equipment rental and monitoring Depreciation Staff Costs Allocated support costs Governance costs CHARITABLE ACTIVITIES 2020 Equipment rental and monitoring Sale of equipment Depreciation Staff Costs Allocated support costs Governance costs Allocation of support costs Professional fees Administration Independent examiner fees Governance costs	UNRESTRICTED £ 37,161 88,549 25,496 378,520 66,023 40,549 636,298	RESTRICTED £ - - 2,800 - - - 2,800	TOTAL £ 37,161 88,549 28,296 378,520 66,023 40,549 639,098
	UNRESTRICTED £ 33,772 67,315 27,351 363,072 65,579 38,934 596,023	RESTRICTED £ - - 2,800 - - - 2,800	TOTAL £ 33,772 67,315 30,151 363,072 65,579 38,934 598,823
		2021 £ 38,925 27,098 66,023 2021 £ 2,000 38,549 40,549
			2020 £ 35,576 30,003
			65,579
			2020 £ 2,000 36,934
			38,934

• 8 Independent examiners remuneration

The Independent examiners remuneration amounts to an independent examination fee of £2,000 (2020: £2,000).

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North East Lincolnshire Carelink Notes to the Financial Statements

Year Ended 31 March 2021

9 Staff costs and employee benefits

The average monthly number of employees and full time equivalent (FTE) during the year was as

10 At 31 March 2021 At 31 March 2021 At 31 March 2021 At 31 March 2020 Short leasehold Charitable activities Administration The total staff costs and employee benefits were as follows: Wages and salaries Tangible fixed assets Additions Disposals DEPRECIATION At 1 April 2020 Charge for the year NET BOOK VALUE The net book value of land and buildings comprised: COST At 1 April 2020 Social security Pension costs	£ 64,175 - - 64,175 38,506 6,417 44,923 19,252 LEASEHOLD PROPERTY	2021 16 7 23 2021 £ 354,756 18,221 5,543 378,520 £ 323,787 53,362 - 377,149 247,730 21,879 269,609 107,540 FURNITURE & EQUIPMENT	2020 18 5 23
			2020 £ 338,963 18,654 5,455 363,072
			£ 387,962 53,362 - 441,324 286,236 28,296 314,532 126,792 TOTAL
	25,669	76,057	101,726
		2021 £ 19,252 19,252
			2020 £ 25,669 25,669

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North East Lincolnshire Carelink

Notes to the Financial Statements

Year Ended 31 March 2021

North East Lincolnshire Carelink Notes to the Financial Statements Year Ended 31 March 2021	North East Lincolnshire Carelink Notes to the Financial Statements Year Ended 31 March 2021
11 12 Other Debtors 13 14 £ 337,058 28,300 365,358 £ 330,490 31,100 361,590 Unrestricted Restricted BALANCE AT 1 APRIL 2019 Trade debtors Prepayments Creditors: amounts falling due within one year Trade creditors BALANCE AT 1 APRIL 2020 Other creditors Other tax and social security Restricted Unrestricted Accruals and deferred income Stocks Stocks Debtors Fund reconciliation		£ 692,322 - 692,322 INCOME	2021 £ 8,869 8,869 2021 £ 4,835 44,013 11,866 60,714 2021 £ 8,887 6,286 1,326 4,400 20,899 £ (636,298) (2,800) (639,098) EXPENDITURE
				200 £ 14,352 14,352
				2020 £ 17,031 7,268 - 24,299
				2020 £ 3,420 14,470 - 5,750 23,640
				£ 393,082 25,500 418,582 BALANCE AT 31 MARCH 2021
	£ 330,490 31,100 361,590 BALANCE AT 1 APRIL 2019	£ 602,591 - 602,591 INCOME	£ (596,023) (2,800) (598,823) EXPENDITURE	£ 337,058 28,300 365,358 BALANCE AT 31 MARCH 2020

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North East Lincolnshire Carelink Notes to the Financial Statements

Year Ended 31 March 2021

15 Analysis of net assets between funds

Current liabilities Current assets Fixed assets	UNRESTRICTED £ 117,992 312,689 (20,899) 409,782	RESTRICTED £ 8,800 - - 8,800	TOTAL £ 126,792 312,689 (20,899) 418,582

16 Related party transactions

There are no related party transactions during the period.

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