**Charity number: 1061402**
## **SOLACE COMMUNITY**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2022**
## **SOLACE COMMUNITY**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent examiner's report**|7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 18|
## **SOLACE COMMUNITY**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022**
## **Trustees**
Father David Gibbons, Trustee Ruth Pallister, Trustee Victor Harvey, Trustee Anne Scripture, Trustee Stephen Joseph Walsh, Trustee
## **Charity registered number**
1061402
## **Principal office**
Star House, Star Hill Road, Dunton Green, Sevenoaks, Kent, TN14 6HA
## **Accountants**
Crowe U.K. LLP, Riverside House, 40-46 High Street, Maidstone, Kent, ME14 1JH
Page 1
## **SOLACE COMMUNITY**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2022**
The Trustees present their annual report together with the financial statements of the Charity for the 6 April 2021 to 5 April 2022.
The Trustees confirm that the Annual Report and financial statements of the Charity will comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 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**
## **a. Policies and objectives**
The Trustees shall hold the Trust Fund and its income upon trust to apply them for the advancement of the Christian Religion by setting up and assisting small prayer groups for mutual support, prayer and fellowship of mothers, fathers and children. Such prayer groups, once established, shall be known respectively as 'Mothers Prayers', 'Fathers Prayers' and 'Children of Faith'. During 2017, responsibility for 'Fathers Prayers' transferred to the Netherlands. It is no longer a part of the Solace Community Trust.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Strategies for achieving objectives**
The Charity's strategies for achieving its objectives are the continued assistance of new, and the support of existing, prayer groups by:
a) the publication and supply of printed and recorded materials to women interested in the ministry; b) holding conferences and training sessions for prayer group leaders and members.
## **c. Activities undertaken to achieve objectives**
Support has continued to the many hundreds of prayer groups around the U.K. and through overseas affiliated groups in countries world wide, enabling the Charity to achieve its objectives.
## **d. Volunteers**
The Trustees wish to express their gratitude for the dedication and commitment of the Charity's many volunteers without whom the Charity would be unable to provide help and support to the many people who receive solace from their membership of the prayer groups.
Page 2
## **SOLACE COMMUNITY**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022**
## **Objectives and activities (continued)**
## **e. Main activities undertaken to further the Charity's purposes for the public benefit**
When considering the charity’s activities, the Trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.
The public interest benefit is provided by the prayer groups being a place of solace and support for mothers through prayer and fellowship. Many mothers feel isolated and face increasing pressures on them and their families. Mothers Prayers provides an opportunity for them to share the impact of these pressures, if they wish, and to be comforted in the knowledge that they are part of a network of the united prayers of mothers around the world.
Activity throughout the year continued to be affected by the restrictions imposed as a result of the COVID-19 pandemic. In particular, there was little in the way of conferences or in person meetings.
However, the opportunity was taken to undertake a necessary major refurbishment of the roof at Star House, to ensure that it would continue to be an appropriate venue for conferences and in person meetings as we emerge from the pandemic.
In addition, new country coordinators were appointed, including a local coordinator in England; and there was some renewed activity, including new prayer groups, around the world.
## **f. Fundraising Practices**
The Charity does not actively fundraise, the vast majority of the Trust's income coming directly from donations.
## **Achievements and performance**
## **a. Main achievements of the Charity**
Since the acquisition of Star House in 2002, the Charity has consolidated its activities and the trustees consider the results for the year to be satisfactory. The trustees consider the Charity to have met its objectives for the year.
In particular, necessary work was carried out to the fabric of Star House and, despite the COVID-19 restrictions, new groups continued to be established in various places with the Assistant Principal Coordinators now in place to support different language groups around the world.
## **b. Future Developments**
As the world emerges from the pandemic, the Charity plays to continue to set up and support small prayer groups for mothers and to resume holding, at Star House and elsewhere, conferences, retreats and training courses.
Page 3
**SOLACE COMMUNITY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.
As the COVID-19 pandemic continued, the Trustees kept the going concern status of the Charity under review. They were satisfied the the Charity's regular income, which is from donations, was largely unaffected. They noted also the ability of the Charity to flex expenditure to track any variation in income; with much of the funding for the work carried out to the fabric of Star House coming from donations earmarked for that purpose.
The Trustees are confident that the charity has sufficient funds and resources to enable it to meet its objects and financial requirements. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
Charity Commission guidance defines reserves as income that becomes available to the Charity and is to be expended at the Trustees’ discretion in furtherance of any of the Charity’s objects, but is not yet spent, committed or designated.
The Charity requires sufficient liquid reserves in order to be able to maintain its properties and carry out its activities.
At the balance sheet date, the Charity’s general reserves stood at £892,093 (2021 - £929,483). Included within this general reserve are properties and fixed assets with a value of £868, 544 (2021 - £872,433). The Charity therefore regards its free reserves to stand at £23,549 (2021 - £57,050). The Trustees noted that the decrease in free reserves reflected the fact that additional reserves had been accumulated before the 2021 year end from donations earmarked for the works to the Star House roof that were undertaken during the 2021-22 financial year.
The Charity's reserves policy is to keep £10,000 of free reserves available at any time.
The Trustees confirm that the Trust is exempt from audit.
## **c. Principal risks and uncertainties**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that the systems and procedures are in place to mitigate their exposure to the major risks.
All risks are considered by the Trustees and relevant volunteers on a regular basis and efforts are made to mitigate any risks where possible.
## **d. Financial risk management objectives and policies**
The Trustees have a risk management strategy which comprises an annual review of the principal risks and uncertainties that the Charity faces and the establishment of policies, systems and procedures to mitigate these risks.
Page 4
## **SOLACE COMMUNITY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022**
## **Structure, governance and management**
## **a. Constitution**
Solace Community is a registered charity, number 1061402, and is constituted under a Trust deed.
It is also known as 'Mothers Prayers', and 'Children of Faith'. During 2017, responsibility for 'Fathers Prayers' transferred to the Netherlands. It is no longer a part of the Solace Community Trust.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. Organisational structure and decision-making policies**
The Charity is run directly by the Trustees, supported by a number of volunteers with a day to day involvement in its activities, and employs no staff. The Trustees consider the Charity small enough for this to be the most appropriate mode of operation.
## **d. Policies adopted for the induction and training of Trustees**
The Charity is relying upon the guidance issued by the Charities Commission in relation to the induction and training of Trustees.
## **e. Trustees**
During the year, the Charity was administered by a board of five unpaid trustees:
Father David Gibbons Ruth Pallister Victor Harvey Anne Scripture Stephen Joseph Walsh
## **f. Principal Office**
The Solace Community Trust's principal office is at:
Star House Star Hill Road Dunton Green Sevenoaks Kent TN14 6HA
## **g. The Governing Document**
The constitution of the Charity is set out in the Deed of Trust dated 1 May 1996 as amended on 10 January 1997 and 23 May 2001.
Page 5
## **SOLACE COMMUNITY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) 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 Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **Fr. David Gibbons**
> Date: 03/02/2023
Page 6
## **SOLACE COMMUNITY**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2022**
## **Independent Examiner's Report to the Trustees of Solace Community ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2022.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed 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 the accounts 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 (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 been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the 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:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts to be reached.
Signed: Darren Rigden
> Dated: 03/02/2023 FCA
**Crowe U.K. LLP** Chartered Accountants Riverside House 40-46 High Street Maidstone Kent ME14 1JH
Page 7
## **SOLACE COMMUNITY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022**
|**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
**7,305**
**7,305**
**7,305**
**7,305**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**2022**
**£**
**52,733**
**52,733**
**90,123**
**90,123**
**(37,390)**
**929,483**
**(37,390)**
**892,093**|**Total**
**funds**
**2022**
**£**
**60,038**
**60,038**
**97,428**
**97,428**
**(37,390)**
**929,483**
**(37,390)**
**892,093**|_Total_
_funds_
_2021_
_£_
_65,220_|
|---|---|---|---|---|
|||||_65,220_|
|||||_27,049_|
|||||_27,049_|
|||||_38,171_|
|||||_891,312_
_38,171_|
|||||_929,483_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
Page 8
## **SOLACE COMMUNITY**
## **BALANCE SHEET AS AT 5 APRIL 2022**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**-**
**30,655**
**30,655**
**(7,106)**|**2022**
**£**
**868,544**
**868,544**
**23,549**
**892,093**
**892,093**
**892,093**
**-**
**892,093**
**892,093**|_139_
_63,264_
_63,403_
_(6,353)_|_2021_
_£_
_872,433_|
|---|---|---|---|---|
|||||_872,433_
_57,050_|
|||||_929,483_|
|||||_929,483_|
||||||
|||||_929,483_|
|||||_-_
_929,483_|
||||||
|||||_929,483_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **Fr. David Gibbons**
Date: 03/02/2023
The notes on pages 10 to 18 form part of these financial statements.
Page 9
## **SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **1. General information**
The charity is a registered charity, number 1061402.
The Solace Community Trust's principal office is at:
Star House Star Hill Road Dunton Green Sevenoaks Kent TN14 6HA
The principal activity of the charity is for the advancement of the Christian Religion by setting up and assisting small prayer groups for mutual support, prayer and fellowship of mothers, fathers and children.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Solace Community meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.
As the COVID-19 pandemic continued, the Trustees kept the going concern status of the Charity under review. They were satisfied the the Charity's regular income, which is from donations, was largely unaffected. They noted also the ability of the Charity to flex expenditure to track any variation in income; with much of the funding for the work carried out to the fabric of Star House coming from donations earmarked for that purpose.
The Trustees are confident that the charity has sufficient funds and resources to enable it to meet its objects and financial requirements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Page 10
**SOLACE COMMUNITY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Foreign currencies**
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of financial activities.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 11
**SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **2. Accounting policies (continued)**
## **2.6 Tangible fixed assets and depreciation (continued)**
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
- Buildings Straight line over 100 years - Fixtures & Fittings 50% straight line - Computer equipment 50% straight line
Buildings are depreciated over 100 years. The Trustees believe that, with suitable maintenance, the building, which is over 200 years old in parts with later additions, will be serviceable for at least another 100 years from the date of signing of this report. Land is not depreciated. The Trustees have estimated the proportion of the land as part of the total cost of the land and buildings based on their best estimate.
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **2.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 12
**SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **2. Accounting policies (continued)**
## **2.11 Fund accounting**
General funds are unrestricted funds which 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. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **3. Voluntary Income**
|Donations, gifts and grants
Donations, gifts and grants|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
7,305
52,733
_Unrestricted_
_funds_
_2021_
_£_
_65,220_|**Total**
**funds**
**2022**
**£**
**60,038**|
|---|---|---|
|||_Total_
_funds_
_2021_
_£_
_65,220_|
## **4. Analysis of expenditure on charitable activities Summary by fund type**
||**Restricted**|**Unrestricted**||
|---|---|---|---|
||**funds**|**funds**|**Total**|
||**2022**|**2022**|**2022**|
||**£**|**£**|**£**|
|Provision of small prayer groups for mothers|7,305|90,123|**97,428**|
Page 13
## **SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **4. Analysis of expenditure on charitable activities (continued)**
## **Summary by fund type (continued)**
||_Unrestricted_||
|---|---|---|
||_funds_|_Total_|
||_2021_|_2021_|
||_£_|_£_|
|Provision of small prayer groups for mothers|_27,049_|_27,049_|
## **5. Analysis of expenditure by activities**
|Provision of small prayer groups for mothers
Provision of small prayer groups for mothers|**Charitable**
**activities**
**2022**
**£**
97,428
_Activities_
_undertaken_
_directly_
_2021_
_£_
_27,049_|**Total**
**funds**
**2022**
**£**
**97,428**|
|---|---|---|
|||_Total_
_funds_
_2021_
_£_
_27,049_|
## **6.**
## **Independent examiner's remuneration**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**1,140**|_1,040_|
|Fees payable to the Charity's independent examiner in respect of:|||
|All other services not included above|**915**|_832_|
Page 14
## **SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 5 April 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ .
## **8. Tangible fixed assets**
|**Cost or valuation**
At 6 April 2021
At 5 April 2022
**Depreciation**
At 6 April 2021
Charge for the year
At 5 April 2022
**Net book value**
At 5 April 2022
_At 5 April 2021_
**Debtors**
**Due within one year**
Prepayments and accrued income|**Freehold**
**property**
**£**
**884,096**
**884,096**
**11,664**
**3,888**
**15,552**
**868,544**
_872,433_|**Fixtures and**
**fittings**
**£**
**330**
**330**
**330**
**-**
**330**
**-**
_-_||**Office**
**equipment**
**£**
**2,409**
**2,409**
**2,409**
**-**
**2,409**
**-**
_-_
**2022**
**£**
**-**
**-**|**Total**
**£**
**886,835**|
|---|---|---|---|---|---|
||||||**886,835**|
||||||**14,403**
**3,888**|
||||||**18,291**|
||||||**868,544**|
||||||_872,433_|
||||||_2021_
_£_
_139_
_139_|
## **9. Debtors**
Page 15
## **SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **10. Creditors: Amounts falling due within one year**
|Trade creditors
Accruals and deferred income|**2022**
**£**
**5,415**
**1,691**
**7,106**|_2021_
_£_
_4,849_
_1,504_|
|---|---|---|
||||
|||_6,353_|
## **11. Financial instruments**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets|**30,655**|_63,264_|
Financial assets measured at amortised cost comprise cash at bank.
Page 16
**SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **12. Statement of funds**
## **Statement of funds - current year**
|
**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Fund
**Total of funds**|**Balance at 6**
**April 2021**
**£**
**929,483**
**-**
**929,483**|**Income**
**£**
**52,733**
**7,305**
**60,038**|**Expenditure**
**£**
**(90,123)**
**(7,305)**
**(97,428)**|**Balance at 5**
**April 2022**
**£**
**892,093**|
|---|---|---|---|---|
|||||**-**|
|||||**892,093**|
The movement in restricted funds during the year, was to contribute towards the expenditure of renewing the roof at Star House.
## **Statement of funds - prior year**
||_Balance at_|||_Balance at_|
|---|---|---|---|---|
||_6 April 2020_|_Income_|_Expenditure_|_5 April 2021_|
||_£_|_£_|_£_|_£_|
|**Unrestricted funds**|||||
|General Funds|_891,312_|_65,220_|_(27,049)_|_929,483_|
## **13. Summary of funds**
## **Summary of funds - current year**
|
General funds
Restricted funds|**Balance at 6**
**April 2021**
**£**
**929,483**
**-**
**929,483**|**Income**
**£**
**52,733**
**7,305**
**60,038**|**Expenditure**
**£**
**(90,123)**
**(7,305)**
**(97,428)**|**Balance at 5**
**April 2022**
**£**
**892,093**
**-**|
|---|---|---|---|---|
|||||**892,093**|
Page 17
## **SOLACE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **13. Summary of funds (continued)**
## **Summary of funds - prior year**
|||_Balance at_|||_Balance at_|
|---|---|---|---|---|---|
||_6_|_April 2020_|_Income_|_Expenditure_|_5 April 2021_|
|||_£_|_£_|_£_|_£_|
|General funds||_891,312_|_65,220_|_(27,049)_|_929,483_|
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2022**
**£**
Tangible fixed assets
868,544
Current assets
30,655
Creditors due within one year
(7,106)
**Total**
892,093|**Total**
**funds**
**2022**
**£**
**868,544**
**30,655**
**(7,106)**|
|---|---|
||**892,093**|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_872,433_
_63,403_
_(6,353)_
_929,483_|_Total_
_funds_
_2021_
_£_
_872,433_
_63,403_
_(6,353)_|
|---|---|---|
|||_929,483_|
## **15. Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 5 April 2022.
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